"Consolidation may persist in the near term, yet investors are...
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SIP inflows in India cross Rs 26,000 crore mark for 1st time in December: AMFI
Along with the SIP, mutual fund (MF) folio also surged to 22.50...
Equity fund inflows in India surge over 14 pc to Rs 41,156 cr in Dec
The AUM growth in B-30 (Beyond 30 cities) outpaced the top-30...
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...
MFs collect Rs 1.08 lakh cr via 176 NFOs in FY22 on retail investors’ interest
According to the data compiled by Morningstar India, there were 176 new fund offers (including closed-end funds and ETFs) in 2021-22. These managed to collect a staggering Rs 1,07,896 crore during their inception stage This was way higher than 84 NFOs floated in...
FPIs dump Indian equities worth over Rs 35,000 crore in May so far
''Since the mother market, US, is weak and dollar is strengthening, FPIs are likely to continue selling in the near term,'' V K Vijayakumar, Cheif Investment Strategist at Geojit Financial Services, said Himanshu Srivastava, Associate Director - Manager Research,...
Crypto ‘worth nothing’, should be regulated: ECB Prez Christine Lagarde
Christine Lagarde,European Central Bank President Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed, which is why I believe that that should be...
Investors bet big on SIP; inflows climb 30% to Rs 1.24 lakh cr in FY22: AMFI
Currently, mutual funds have about 5.39 crore SIP accounts through which investors regularly invest in mutual fund schemes The 43-player mutual fund industry mainly depends on SIPs for inflows, with equity mutual funds attracting Rs 1.64 lakh crore in 2021-22. This...
After muted debut, LIC investors seek Aramco-style dividend
Ashishkumar Chauhan, MD and CEO, BSE, MR Kumar, Chairperson, Life Insurance Corporation and Tuhin Kanta Pandey, DIPAM Secretary pose after the company's IPO listing ceremony at the BSE in Mumbai With the demand for a handsome payout, LIC investors are taking a leaf...
Allianz to pay $6 bln over Structured Alpha fraud, fund manager charged
According to court papers, Allianz Global Investors US LLC will plead guilty to a securities fraud charge, while the payout includes a $2.33 billion fine, $3.24 billion of restitution and $463 million of forfeiture Germany's Allianz SE will pay about $6 billion and...