The AUM growth in B-30 (Beyond 30 cities) outpaced the top-30...
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Sebi issues new guidelines for research analysts, investment advisers
The new norms encompass qualification standards, fee structures,...
Sensex tumbles 1,258 points over HMPV fears, global uncertainties, Investors’ wealth tumbled Rs 10.98 lakh crore
"The Indian equity markets are witnessing a sharp decline today,...
Trading dries up on Indian crypto exchanges as new transaction tax kicks in
Three exchanges -- ZebPay, WazirX and CoinDCX -- suffered declines of between 60% and 87% in the value of daily trading immediately after the 1% tax deductible at source became effective on July 1, data from CoinGecko show Warnings from Indian crypto exchanges that a...
Top billionaires lose $1.4 trillion in worst half ever
Elon Musk, co-founder,Tesla Musk, Tesla's co-founder, still has the biggest fortune on the planet, at $208.5 billion, while Amazon's Bezos is second with a $129.6 billion net worth, according to the Bloomberg Billionaires Index Elon Musk's fortune plunged almost $62...
European fund managers set to go all in on ESG, survey says
“As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level – will be pushed towards an all-encompassing alignment of their products...
Crypto exchanges hunker down as everything goes wrong in India
That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out...
Adani commits Rs 60,000 cr to philanthropy
Gautam Adani Donations to be utilized in healthcare, education, and skill development Adani's logistics-to-energy conglomerate said in a statement. The donation will be managed by the Adani Foundation New Delhi: Asia's richest man Gautam Adani and his family have...
Sebi bans bundling of MF products with insurance
`It has been observed that some of the Asset Management Companies (AMCs) are proposing to introduce bundled products and some existing MF schemes have such bundled products with insurance features in their investments schemes like SIP INSUR(Systematic Insurance...
ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22
N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said....
Bitcoin slides below $20,000 to lowest since December 2020
"Breaking $20,000 shows you that confidence has collapsed for the crypto industry and that you're seeing the latest stresses," said Edward Moya, Senior Market Analyst, The Americas OANDA, on Saturday. Moya said that "even the loudest crypto cheerleaders from the big...
Warren Buffett charity lunch fetches winning bid of $19 mln
The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined Alucky, and likely...
Wall St tanks as recession fears grip markets; Nasdaq down 3.85%
The selloff was severe as the Fed's aggressive move raised fears of a spate of monetary tightening from global central banks that could slow growth around the world. Switzerland and Britain lifted rates following the Fed's 75-basis-point hike on Wednesday New York: US...