The year 2024 saw a substantial net inflow of Rs 9.14 lakh crore,...
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Net inflows in SIPs up 233 pc in India this year, MF industry sees 135 pc growth
Interestingly, the net AUM which was at Rs 49.05 lakh crore in...
Sensex tanks 1,064 points, Investors lose Rs 4.92 Lakh Cr
"Investor sentiment remained cautious ahead of the US Federal...
India-Gold imports surge to USD 46.14 bn in 2021-22
India is the world's second-biggest gold consumer after China. The imports are largely driven by the jewellery industry. The gems and jewellery exports during 2021-22 grew by about 50 per cent to about USD 39 billion India's gold imports, which have a bearing on the...
Equity mutual funds log Rs 28,463-cr net inflow in Mar; debt funds see Rs 1.15 lakh cr outflow
Overall, the mutual fund industry registered a net outflow of Rs 69,883 crore in March, as compared to a net infusion of Rs 31,533 crore in the preceding month Mumbai: Equity mutual funds attracted a net sum of Rs 28,463 crore in March, making it the 13th consecutive...
Govt may scale down size of LIC IPO to Rs 50,000 crore, may launch it in mid-May
The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...
Sebi issues fresh guidelines to curb misuse of clients’ Power of Attorney
The use of DDPI will be limited only for two purposes. One is for the transfer of securities held in the beneficial owner account of the client towards stock exchange related deliveries or settlement obligations arising out of trades executed by such a client The...
Brazil and Indonesia lead the world in crypto adoption: Study
Brazil and Indonesia lead the world in crypto adoption, Gemini found, with 41% of people surveyed in those countries reporting crypto ownership, compared with 20% in the United States and 18% in the United Kingdom Gemini found that 79% of people who reported owning...
FPIs withdraw Rs 41,000 cr in March
Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said the outflows can be attributed to the anticipation of rate hike by US Fed, and deteriorating geopolitical environment with Russia and Ukraine engaging in a war New Delhi: Continuing...
Interest rates on small savings schemes unchanged for first quarter of FY23
Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the first quarter New Delhi: The government on Thursday kept interest rates on small savings schemes,...
Blockchain project Ronin hit by $615 million crypto heist
Hacks have long plagued crypto platforms. The cryptocurrency arm of Jump Trading said last month it had restored more than $320 million to crypto platform Wormhole after the decentralised finance site was hit with one of the largest crypto heists on record Blockchain...
Indian Millennials are financially prudent, need guidance for buying life insurance: Tata AIA Life Survey
However, amid the encouraging habits towards financial prudence, Indian millennials are yet to become fully aware of and understand solutions such as life and health insurance Mumbai: Indian millennials seem to have realized the importance of maintaining a healthy...
Lamborghini sees ‘huge’ opportunity in India with rising number of HNIs
``What we can see in the Indian market is that we have more and more ultra high net-worth individuals entering the market… We already have the second generation of ultra high net-worth individuals, and their average age is younger than other countries,'' Winkelmann...