The initiative will reduce unclaimed assets in the Indian...
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Investors’ wealth erodes by Rs 3.44 lakh cr as mkts crash
"Indian equities faced sharp declines on the first trading session...
Japan to give crypto assets legal status as financial products, Nikkei says
As part of the move, crypto assets will be put under insider...
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...
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...