Grant Thornton Bharat, Partner, Akhil Chandna said an increase in...
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India’s AUM of wealth management industry to expand by $1.6 trillion over FY24-29: Deloitte report
The report estimates that demand for wealth management services in...
Billionaire wealth across the globe surged by $ 2 trillion in 2024 to $ 15 trillion
Wealth of billionaires in Asia increased by $ 299 billion in 2024,...
ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22
N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said....
Bitcoin slides below $20,000 to lowest since December 2020
"Breaking $20,000 shows you that confidence has collapsed for the crypto industry and that you're seeing the latest stresses," said Edward Moya, Senior Market Analyst, The Americas OANDA, on Saturday. Moya said that "even the loudest crypto cheerleaders from the big...
Warren Buffett charity lunch fetches winning bid of $19 mln
The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined Alucky, and likely...
Wall St tanks as recession fears grip markets; Nasdaq down 3.85%
The selloff was severe as the Fed's aggressive move raised fears of a spate of monetary tightening from global central banks that could slow growth around the world. Switzerland and Britain lifted rates following the Fed's 75-basis-point hike on Wednesday New York: US...
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...