This came following a net outflow of Rs 78,027 crore in January....
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Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the...
Amfi launches 3 initiatives to boost MF accessibility, financial literacy, investment recovery
Venkat Chalasani, Chief Executive, Amfi The MITRA (Mutual Fund...
EPFO’s Rs 1.59 lakh crore investment in ETFs rises to Rs 2.26 lakh crore
The EPFO invests 85 per cent of the funds in debt instruments and 15 per cent of the investment is made in ETFs, as per the investment pattern notified by the government New Delhi: Retirement fund body EPFO has invested Rs 1,59,299.46 crore in Exchange Traded Funds...
Equity mutual funds’ inflow drops 43% to Rs 8,898 crore in July
The net inflows in July were lower compared to the net inflow of Rs 15,495 crore seen in June, Rs 18,529 crore seen in May and Rs 15,890 crore in April, according to data released by Association of Mutual Funds in India (Amfi)on Monday Overall, the mutual fund...
RBI raises key lending rate by 50bps to 5.40 %, inflation forcast at 6.7%, growth projection at 7.2%
Shaktikanta Das,Governor,Reserve Bank of india This is the third consecutive rate hike after a 40 basis points in May and 50 basis points increase in June. In all, the RBI has raised benchmark rate by 1.40 per cent since May this year "With growth momentum expected to...
Equity investors richer by over Rs 12.74 trn in four-day rally
Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 2,320.61 crore on Monday, as per exchange data Mumbai: The four-day rally in equities made investors richer by over Rs 12.74 lakh crore with the benchmark Sensex...
After 9 months, FPIs return to Indian equities with Rs 5,000 crore investment
This is in sharp contrast to a net withdrawal of Rs 50,145 crore from the stock market seen in June. This was the highest net outflow since March 2020, when foreign portfolio investors (FPIs) had pulled out Rs 61,973 crore from equities, data with depositories showed...
Investors richer by over Rs 9 trn in three days of market rally
Softening commodity prices, reduced intensity of Foreign Institutional Investors (FIIs) selling and better-than-expected earnings season have led to the recovery in the markets, analysts said Mumbai: Investors' wealth grew by over Rs 9 trillion in three days of sharp...
PM Modi to launch India’s first international bullion exchange in Gift City
This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said. Ahmedabad: Prime Minister Narendra Modi will...
As credit demand grows, banks scramble for deposits
"In the next few months if the trend continues then we will have no other option but to raise deposit rates because the market conditions are also not very favourable for us to go to the market to raise growth capital," said a senior executive at a state-owned bank...
Indian retail equity investment can continue for the next couple of decades: Morgan Stanley
Ridham Desai, managing director, Morgan Stanley India Company Despite a record rise in trading by retail investors over the past eight years, Indian households remain “dramatically” underweight in the asset class, with stocks comprising only 5%-6% share of their...
Indian billionaire Gautam Adani overtakes Bill Gates to become the world’s fourth-richest person
Gautam Adani Adani’s net worth surged to $112.5 billion on Thursday, surpassing that of the Microsoft co-founder by $230 million, according to the Bloomberg Billionaires Index Indian billionaire Gautam Adani has overtaken Bill Gates to become the world’s...