"The sustained strengthening of the dollar and rise in the US bond...
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Equity MF inflows soar to near Rs 4 lakh cr in 2024
In 2024, the total inflow into equity and equity-oriented schemes...
Sebi launches digital knowledge repository ‘Dharohar’ on Republic Day
It is designed to cater to a wide audience, including students,...
After 9 months, FPIs return to Indian equities with Rs 5,000 crore investment
This is in sharp contrast to a net withdrawal of Rs 50,145 crore from the stock market seen in June. This was the highest net outflow since March 2020, when foreign portfolio investors (FPIs) had pulled out Rs 61,973 crore from equities, data with depositories showed...
Investors richer by over Rs 9 trn in three days of market rally
Softening commodity prices, reduced intensity of Foreign Institutional Investors (FIIs) selling and better-than-expected earnings season have led to the recovery in the markets, analysts said Mumbai: Investors' wealth grew by over Rs 9 trillion in three days of sharp...
PM Modi to launch India’s first international bullion exchange in Gift City
This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said. Ahmedabad: Prime Minister Narendra Modi will...
As credit demand grows, banks scramble for deposits
"In the next few months if the trend continues then we will have no other option but to raise deposit rates because the market conditions are also not very favourable for us to go to the market to raise growth capital," said a senior executive at a state-owned bank...
Indian retail equity investment can continue for the next couple of decades: Morgan Stanley
Ridham Desai, managing director, Morgan Stanley India Company Despite a record rise in trading by retail investors over the past eight years, Indian households remain “dramatically” underweight in the asset class, with stocks comprising only 5%-6% share of their...
Indian billionaire Gautam Adani overtakes Bill Gates to become the world’s fourth-richest person
Gautam Adani Adani’s net worth surged to $112.5 billion on Thursday, surpassing that of the Microsoft co-founder by $230 million, according to the Bloomberg Billionaires Index Indian billionaire Gautam Adani has overtaken Bill Gates to become the world’s...
Stock market investors richer by over Rs 9.76 trn in five days
"The return of FIIs into domestic equity markets in the last few sessions coupled with receding commodity prices and hopes that US Fed may not go for aggressive rate hikes in its next meeting has somewhat tempered the fears of investors," Shrikant Chouhan, Head of...
Australia’s Suncorp Group sells ITS banking unit to ANZ
Australian banks are grappling with rapidly rising interest rates and falling house prices that’s spurred some investors to reevaluate lenders’ outlooks. The deal hands the lender control of one of the country’s largest retail banks that’s also based in the...
RBI wants govt to prohibit cryptocurrencies: Sitharaman
Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman said, any legislation for regulation or for banning such currencies can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of...
Axis MF scandal set to hit $465-bn asset management industry
Mutual funds, which fall somewhere between high-risk stock trading and low-return bank deposits, have offered an attractive proposition to both young and risk-averse older investors in India. The industry has grown nearly five-fold in the last decade, with over 37...