Gold price is hovering at Rs 79,350 per 10 grams in spot markets at...
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FIIs remain net investors in India this year amid robust economy, resilient market
“An important characteristic about FII investment is that they have...
India to see record-breaking IPO fundraising in 2025 exceeding Rs 2 lakh crore
Of the 91 issues, six have delivered returns exceeding 100 per cent...
Ahead of consultation paper, RBI DG says CBDCs can kill case for cryptos
T Rabi Sankar, Deputy Governor,Reserve Bank of India The RBI has been vehemently opposed to cryptocurrencies like Bitcoin, saying there is no underlying value for such instruments which are essentially speculative in nature. It has gone public with the same, even as...
India’s per capita income remains below pre-COVID level in 2021-22
At current prices, the per capita income rose by 18.3 per cent to Rs 1.5 lakh during in 2021-22 fiscal. The per capita income at current prices had dipped to Rs 1.27 lakh in 2020-21 from Rs 1.32 lakh in 2019-20 New Delhi: India's annual per capita income at constant...
Investors richer by over Rs 10.19 lakh crore in 3-day rally
''Indian markets witnessed a smart rally on the back of positive global cues and early arrival of monsoon giving hopes of slowdown in inflation. On the global front, European and Asian markets edged higher following US market rally on last Friday,'' said Siddhartha...
Elon Musk highest-paid CEO, followed by Apple’s Tim Cook, Fortune report
In 2021, Musk "realised" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear "moonshot" grant After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the...
Elon Musk sued by Twitter investors for delayed disclosure of stake
Billionaire Elon Musk "By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price," said the investors, led by Virginia resident William Heresniak Billionaire Elon Musk was sued by...
Munich Re’s raises $ 1.25 bn of green bond from US market
The bond has a coupon of 5.875% and matures in 2042 Christoph Jurecka,CFO, Munich Re said,`` In structuring this bond as a green bond, we are the first European insurer to break such new ground in this market segment. At the same time, the green bond supports the...
Digit Insurance plans to raise $500 million via public offer, aims a $5 billion valuation
Digit was valued at close to $4 billion earlier this month when it raised a tranche of funding. It has so far raised more than $400 million from Sequoia Capital, A91 Partners and Faering Capital, besides Fairfax MUMBAI: India's Digit Insurance, backed by Canadian...
LIC to declare financial results for FY22 on May 30
The insurance behemoth, which was listed on the bourses earlier this month on May 17, said the board will consider and approve the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2022 The meeting will also consider...
Pandemic creates new billionaire every 30 hours: Oxfam at Davos
''We expect this year that 263 million more people will crash into extreme poverty, at a rate of a million people every 33 hours,'' Oxfam International said. Davos: As the rich and powerful from across the globe gather here for the World Economic Forum Annual Meeting...
India considering spending additional $26 billion to fight inflation
India's retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high, posing a major headache for Prime Minister Narendra Modi's government ahead of elections to several state assemblies this year The Indian...