On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16...
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China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities...
New Income Tax Bill set to be tabled in Parliament next week
Before the Income Tax Bill was cleared by the Cabinet, people in...
European fund managers set to go all in on ESG, survey says
“As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level – will be pushed towards an all-encompassing alignment of their products...
Crypto exchanges hunker down as everything goes wrong in India
That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out...
Adani commits Rs 60,000 cr to philanthropy
Gautam Adani Donations to be utilized in healthcare, education, and skill development Adani's logistics-to-energy conglomerate said in a statement. The donation will be managed by the Adani Foundation New Delhi: Asia's richest man Gautam Adani and his family have...
Sebi bans bundling of MF products with insurance
`It has been observed that some of the Asset Management Companies (AMCs) are proposing to introduce bundled products and some existing MF schemes have such bundled products with insurance features in their investments schemes like SIP INSUR(Systematic Insurance...
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...