Equity mutual fund inflows declined by nearly 4 per cent monthly to...
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Stock market crashes over 1 pc as investors jittery over US tariff moves, investors poorer by Rs 16.97 trillion in 5 days
On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16...
China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities...
Cryptocurrencies akin to ‘a world of Carribean pirates’ in absence of regulation: CEA
V Anantha Nageswaran,Chief Economic Adviser The government is working on a consultation paper on cryptocurrencies and is taking inputs from various stakeholders and institutions, including World Bank and IMF New Delhi: Chief Economic Adviser V Anantha Nageswaran on...
RBI raises key lending rate by 50 basis points to check raging inflation
Shaktikanta Das.Governor,RBI RBI Governor Shaktikanta Das said that real GDP for FY23 is seen at 7.2%, and that for Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%. The inflation projection for the current financial year is seen at 6.7% and for Q1 at 7.5%, Q2 at...
LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark
LIC had fixed the issue price of its shares at Rs 949 apiece after a successful IPO, which was over subscribed nearly 3-times when it closed on May 9 Mumbai: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and...
FPIs outflow continues for 8th straight month; pull out nearly Rs 40,000-cr from equities in May
Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said New...
Mukesh Ambani regains Asia’s richest man tag, surpasses Gautam Adani
Tesla CEO Elon Musk remains the world's richest person with a net fortune of $227 billion As per the Bloomberg Billionaires Index, Mukesh Ambani's net worth has increased by $9.69 billion in 2022. As per the Forbes real-time billionaires list, Mukesh Ambani has a net...
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...