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Fund raising from capital markets to jump 21% to Rs 14.27 trn in FY25: Buch
Buch said in the past nine months of the current fiscal, entities...
FPIs withdraw Rs 22,194 crore in Jan amid weak earnings outlook, rising dollar
This exodus of foreign money from the Indian markets could be...
LIC’s IPO size may be cut by 40% on Ukraine war woes
Officials want to complete the listing -- which will still be India’s biggest -- in the next two weeks, the people said, asking not to be identified as the deliberations aren’t public. LIC will probably be valued at some Rs 6 lakh crore, the people said New Delhi:...
Market Rally-Investors richer by over Rs 5.74 trn in two days
"Positive global clues lifted sentiments for the second straight day. The board-based rally saw buying across different sectors," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Mumbai: Investors have become richer by over Rs 5.74 lakh crore...
Government likely to take a call on timing of LIC IPO within this week
The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told...
Money Management: Embracing savings apps as inflation hits household finances
Rising outgoings appear to be driving thousands of people to try money management apps for the first time. The digitization of banking services and the easing of regulations have helped spark a boom in fintech (financial technology) worldwide, with users from Brazil...
Investor wealth erodes by Rs 8 trn as markets falter for 5th straight day
Unabated foreign fund outflows, inflationary concerns and geopolitical worries have made investors nervous Mumbai: Investors have become poorer by over Rs 8 trillion in five days of market fall, with equity indices weighed by widespread selling amid bearish global...
Money laundering, terror financing biggest risks of crypto: Sitharaman
India's finance minister Nirmala Sitharaman "If I use 2019 data, the digital adoption rate in India is about 85 per cent. But globally that same year it was only somewhere near 64 per cent. So the pandemic time actually helped us to test and prove for ourselves that...
Sensex sheds 1,300 points in trade today, investors lose Rs 4 lakh crore
The shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors' sentiment. Within an hour of trading, market capitalisation...
Mutual funds add over 3 cr folios in FY22 on sharp rally in equity market, digitisation
The mutual fund space has been witnessing consistent growth in folio numbers in the past few years. It saw an addition of 73 lakh investor accounts in 2019-20, 1.13 crore in 2018-19, 1.6 crore in 2017-18, over 67 lakh in 2016-17 and 59 lakh in 2015-16 Mumbai: Mutual...
India’s crypto exchanges block deposits via state-backed system, stir alarm
No official data is available on the size of the Indian crypto market, but industry estimates suggest investors number from 15 million to 20 million, with total holdings of about 400 billion Indian rupees ($5.25 billion) Mumbai: Big Indian crypto exchanges CoinSwitch...
Munich Re partners with OneDegree to launch digital asset insurance in Hong Kong
OneInfinity is an insurance and technology product offering designed specifically for digital asset trading platforms, custodians, asset managers and technology providers Under this partnership, Munich Re will provide reinsurance capacity and support OneDegree's...