In 2024, FIIs sold equity heavily for Rs 121,210 crore but they...
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Axis Max Life Insurance unveils sustainable wealth 50 Index Fund
Axis Max Life Insurance Ltd. formerly known as Max Life Insurance...
Year ender: Mutual fund industry’s AUM surges over 500 pc in a decade
Rural and semi-urban areas now account for 50 per cent of the total...
Investors lose Rs 15.74 trn of wealth as markets log 5th day of fall
"After today's sharp plunge, we suspect bulls will have to battle hard in the backdrop of a hawkish Fed and RBI, spiking oil prices, inflation concerns, growth fears and persistent FIIs selling," said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd...
Sensex sinks 1404 points on global selloff; investors lose Rs 6 lakh crore, LIC shares fall further
Falling for the tenth straight session on Monday, shares of Life Insurance Corporation (LIC) of India dropped 4 per cent to hit an all-time low of Rs 681.70 on BSE while its market capitalisation (m-cap) slipped to Rs 4,34,052 crore. The selloff has led to erosion of...
Ant Group to revive IPO as Beijing eases crackdown
Billionaire and Alibaba founder Jack Ma The company’s stock market listing was hastily shelved at the behest of Beijing in November 2020. At the time, it was slated to be valued at around $315 billion and planned to raise $37 billion, which would have been a world...
Sebi warns investors against unregulated platforms offering algo trading
"Investors are therefore cautioned against dealing with such unregulated platforms and cautioned against sharing any sensitive personal details with such platforms," it added Mumbai: Capital markets regulator Sebi on Friday cautioned investors against dealing with...
Govt ‘concerned’ about dip in LIC share price; calls it temporary blip
Tuhin Kanta Pandey, secretary,DIPAM ''We are very concerned about the temporary blip in LIC share price. People will take time to understand (fundamentals of) LIC. LIC management will look into all these aspects and will raise the shareholders' value,'' DIPAM...
Cryptocurrencies akin to ‘a world of Carribean pirates’ in absence of regulation: CEA
V Anantha Nageswaran,Chief Economic Adviser The government is working on a consultation paper on cryptocurrencies and is taking inputs from various stakeholders and institutions, including World Bank and IMF New Delhi: Chief Economic Adviser V Anantha Nageswaran on...
RBI raises key lending rate by 50 basis points to check raging inflation
Shaktikanta Das.Governor,RBI RBI Governor Shaktikanta Das said that real GDP for FY23 is seen at 7.2%, and that for Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%. The inflation projection for the current financial year is seen at 6.7% and for Q1 at 7.5%, Q2 at...
LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark
LIC had fixed the issue price of its shares at Rs 949 apiece after a successful IPO, which was over subscribed nearly 3-times when it closed on May 9 Mumbai: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and...
FPIs outflow continues for 8th straight month; pull out nearly Rs 40,000-cr from equities in May
Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said New...
Mukesh Ambani regains Asia’s richest man tag, surpasses Gautam Adani
Tesla CEO Elon Musk remains the world's richest person with a net fortune of $227 billion As per the Bloomberg Billionaires Index, Mukesh Ambani's net worth has increased by $9.69 billion in 2022. As per the Forbes real-time billionaires list, Mukesh Ambani has a net...