A major reason for this decline mentioned by the report is the drop...
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Crypto trading booms in India’s interiors as job growth, incomes disappoint
Overall, India's crypto market is expected to grow to more than $15...
Govt seeks merchant bankers for selling equity in public sector banks financial institutions
As per the RFP (request for proposal) floated by DIPAM, the...
Mutual funds- Debt fund continue to see outflow; equity schemes gain in Jun qtr
Debt mutual funds continue to see outflow; investors withdraw Rs 70,000-cr in Jun qtrInvestors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June due...
Sebi joins account aggregator ecosystem
Under the framework, Financial Information Providers (FIPs) in the securities market, like depositories and asset management companies (AMCs) -- through their Registrar and Transfer Agents or RTAs -- will provide financial information pertaining to securities markets...
Sensex reclaims 60,000 mark after 4 months, investors richer by Rs 25 trillion
"Declining US inflation, confidence that the Fed need not have to aggressively raise rates and the increasing probability of a soft landing of the US economy are supporting this rally. In India, steadily declining inflation, strong growth momentum in the economy and...
Rakesh Jhunjhunwala’s near $4-bn stock holdings in focus after death
Rakesh Jhunjhunwala Jhunjhunwala's top holdings by market value include Star Health & Allied Insurance Co., footwear maker Metro Brands Ltd. and automaker Tata Motors Ltd. Jhunjhunwala held stakes of more than 10% in Star Health, IT firm Aptech Ltd. and videogame...
India Inc expected to give 10 pc hike in 2023; highest in APAC: Report
“Last year saw actual salary increments being higher than budgets and this was largely due to better-than-expected business performance and the need to retain talent. Despite the economic headwinds, higher projections for 2023 reflect cautious business optimism and a...
Fairfax-backed 5-yr old Go Digit General Insurance files DRHP with Sebi for IPO
Prem Watsa, CEO, Fairfax The proceeds from its fresh issuance are worth Rs 1250 crore and will be utilised for the augmentation of the company’s capital base and maintenance of solvency levels and general corporate purposes Fairfax owned by Indian born Canadian...
Modi says India aims to become developed nation in 25 years
"We must turn India into a developed country in the next 25 years, in our lifetime," said the 71-year-old Modi, wearing a turban in the colours of the Indian flag, in his 75-minute-speech in Hindi The World Bank currently categorises India as a lower-middle income...
Govt plans a new tax regime, reviews current exemption system for individuals
Eventually, sources said, the government aims to establish a system where there are no exemptions and the complex old tax regime with exemptions and deductions is terminated The intention behind the move was to provide significant relief to the individual taxpayers...
FPIs invest Rs 22k cr in Indian markets in Aug as inflation concerns soften
Between October 2021 till June 2022, FPIs sold Rs 2.46 lakh crore in the India equity markets. "As long as energy prices remain low and there are no surprises from the war zone, foreign flow is likely to continue," Vijay Singhania, chairman at TradeSmart, said New...
LIC sells 2% of its shareholding in M&M
After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. Mumbai: Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra...