Last week, FPIs turned net buyers on two occasions, with a...
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Senior citizens can cancel gift deed if their children fail to take care of them: HC
The bench said section 23 of the Maintenance and Welfare of Parents...
FPIs withdraw Rs 30,000 crore from equities in first fortnight in March
With these, the total outflow by FPIs has reached Rs 1.42 lakh...
Majority of millennials planning to take family holiday this year : Report
The survey revealed that 42 per cent of millennials are open to spending Rs 2-5 lakhs for their holidays while 33 per cent would spend between Rs 5-10 lakhs. Around 31 per cent of millennials would like to book luxury properties while 27 per cent would go for budget...
RBI set for fourth straight rate hike to quell inflation, say experts
Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report ''This Update forecasts the inflation rate averaging 6.7 percent in FY2022 (fiscal ending in March 2023) before moderating to 5.8...
FPIs pump in Rs 8,600-cr in Sep; pace of investment slows
FPIs turned net buyers in July after nine straight months of net outflows, which started in October last year. Between October 2021 till June 2022, they sold Rs 2.46 lakh crore in the Indian equity markets. New Delhi: After infusing more than Rs 51,000 crore last...
Equity investors poorer by Rs 4.90 lakh cr as Sensex tumbles nearly 2 pc
''With the latest round of interest rate tinkering by the US central bank, investors have turned risk averse and are dumping shares at will. Traders are also worried about the escalation in Russia-Ukraine conflict, which is prompting them to exit equities and park...
Number of millionaires globally will grow by 40% in the next five years
According to Credit Suisse Group AG’s Global Wealth Report, the number of global millionaires will exceed 87 million in 2026, i.e. a rise of 25 million from 2021.The US tops the world millionaire table, still far ahead of China in second place. While India is home to...
Sebi puts Prem Watsa backed Go Digit’s IPO in ‘abeyance’
Without disclosing the reason, Sebi said "issuance of observations (has been) kept in abeyance" with regard to the IPO of Go Digit, an update on the regulator's website showed on Monday. The information was updated on September 16 The issuance of observations by Sebi...
Adani’s ascent boosts India’s clout in emerging-market equities
Gautam Adani Eight firms controlled by Adani’s ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index’s surge since end-June, data compiled by Bloomberg show. The index has outpaced...
AIG unit Corebridge raises $1.68 bln in year’s largest IPO
AIG said it sold 80 million Corebridge shares at $21 per share, which was at the lower end of their indicated target range of $21 to $24 per share The IPO values Corebridge at $13.6 billion. All proceeds of the IPO will go to AIG and the new company is not raising new...
PMS’ asset base rises 17% to Rs 25.4 trn in July, shows Sebi data
The increase in AUM of the PMS industry is in line with the recovery in broad markets and heightened interest from HNIs (High Networth Individuals) and family offices in PMS structures, Abhay Agarwal, Founder, and Fund Manager of Sebi-registered portfolio management...
Gold faces longest monthly losing streak since 2018 on rate hikes
Inflation has hit multi-decade highs in many parts of the world, forcing central banks to tighten monetary policy. Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion Gold prices fell on Wednesday...