A major reason for this decline mentioned by the report is the drop...
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Crypto trading booms in India’s interiors as job growth, incomes disappoint
Overall, India's crypto market is expected to grow to more than $15...
Govt seeks merchant bankers for selling equity in public sector banks financial institutions
As per the RFP (request for proposal) floated by DIPAM, the...
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...
Cryptocurrencies: why they’ve crashed and what it could mean for their future
Crucially, the recent major falls in cryptocurrencies have called into question just how stable stablecoins are. After all, they are designed to have practically zero volatility by maintaining a "peg" to some other underlying asset If you had invested £100 (US$122) in...
Foreign investors’ relentless selling continues; pull out Rs 25,200 cr from equity mkt in May so far
Going ahead, FPIs selling will continue in the coming weeks as heat waves in the market and outside will make investors sweat a bit more, Vijay Singhania, Chairman, TradeSmart, said, adding that the selling has resulted in FPI's stake in Indian companies falling to...