Tuhin Kanta Pandey,,Chairperson , Sebi "We will be coming forward...
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Glittering Gold: Pricey Assets in Demand
The drivers behind this surge include heightened uncertainty and...
FPIs withdraw Rs 34,574 cr from equities in Feb; total outflow hits Rs 1.12 lakh cr in 2025
"Elevated valuations of Indian equities, alongside concerns about...
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...
India can become an upper-middle-income country by 2047: Bibek Debroy
Bibek Debroy,Chairman,EAC-PM The country can become a USD 20 trillion economies by 2047 at this growth rate, he added. India, the world's sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. New Delhi: India can become...
Gautam Adani is first Asian to become world’s third-richest person, overtakes Louis Vuitton chief
Gautam Adani All told, Adani has added $60.9 billion to his fortune in 2022 alone, five times more than anyone else. He first overtook Ambani as the richest Asian in February, became a centibillionaire in April and surpassed Microsoft Corp.’s Bill Gates as the world’s...
Equity investors’ wealth falls by Rs 2.39 lakh cr as markets sink
''Indian market kicked off the new week with a deep cut followed by a sharp sell-off in global markets on the back of hawkish commentary by the US Fed chairman Jerome Powell,'' Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Foreign institutional...
FPIs invest Rs 49,250 crore in August on strong corporate earnings
FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year. Between October 2021 and June 2022, they sold a massive Rs 2.46 lakh crore in the India equity markets. Himanshu Srivastava,...
Europe’s markets watchdog calls for a rethink of region’s ESG investing rulebook
At issue is the tendency of fund managers and their clients to treat the EU’s disclosure regime as an ESG labeling system. As a result, investing clients are often left with the impression that funds within a given disclosure category will deliver positive...
Equity investors poorer by over Rs 6.57 lakh crore in two days
''While correction was overdue for sometime after the recent upsurge, fresh concerns of a likely hawkish stance by the US Fed in its September meet and strengthening dollar index turned investors jittery and triggered a massive fall in banking, IT, metal and realty...
Sales of luxury homes in Jan-Jun across 7 cities surpass demand in full 2021
As per the data, sales of luxury homes were 25,680 units during January-June 2022, which is higher than 21,700 luxury flats sold in the entire 2021 calendar year across seven major cities --Delhi-NCR, MMR, Bengaluru, Pune, Hyderabd, Chennai and Kolkata Sales of luxury...