Rising costs and pressure on fees are prompting asset managers to...
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Canara Bank gets RBI nod for life insurance & MF stake divestment
Reserve Bank of India on Thursday has accorded approval to our bank...
‘Digital gold’ Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
According to Vishal Sacheendran, Head of Regional Markets at...
Govt has time till May 12 for LIC IPO without seeking fresh Sebi approval
The official further said that although the market volatility has reduced in the last fortnight , it would wait for the market to stabilise further so that retail investors get confidence to invest in the stock. LIC has reserved up to 35 per cent of its total IPO size...
FPI selling continues for 6th straight month; net outflows at Rs 45,608 cr in March so far
Foreign portfolio investors (FPIs) fear that India would be impacted more by commodity price hikes, particularly in crude oil, since India is a major importer, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services Mumbai: Continuing their...
EPFO interest rate reduced to 4 decade low at 8.1% for 2021-22
Now, after the CBT decision, the interest rate on EPF deposits for 2021-22 will be sent to the Ministry of Finance for concurrence. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry New Delhi: Retirement fund...
Russians liquidating crypto in the UAE as they seek safe havens
A financial source in the UAE confirmed that Russians were buying property in Dubai, using crypto as a way of getting their money out of other jurisdictions and into the Gulf state Dubai, the Gulf's financial and business centre and a growing crypto hub, has long been...
Govt to file final papers for LIC IPO with Sebi soon, says official
The government is presently in the wait-and-watch mode because of the market volatility induced by the Russia-Ukraine war and will decide on the timing of the initial public offering (IPO) of Life Insurance Corporation New Delhi: The government is planning to soon...
U.S. Treasury launches campaign to educate public about crypto risks
Populations that have limited access to mainstream financial services is a key group the Treasury will look to reach, Nellie Liang, Treasury undersecretary for domestic finance “We’re hearing more and more about investors and households who are purchasing crypto...
A billion dollars a day, global funds keep selling India stocks
Overseas investors have offloaded $2 billion of local shares in just two days this week, according to the latest exchange data compiled by Bloomberg, after a record withdrawal of $2.9 billion last week. With this, $19 billion has flown out since Sept. 30, about half...
Investors’ wealth jumps over Rs 10.83 trn in three days amid market rally
"Markets today were driven majorly by election results across various states. Today post markets Russia-Ukraine are to hold talks which will have major effect on markets tomorrow," said Rahul Sharma from Equity 99 Mumbai: Equity investors have become richer by over Rs...
Biden orders government to study digital dollar, other cryptocurrency risks
Wide-ranging oversight of the cryptocurrency market, which surged past $3 trillion in November, is essential to ensure U.S. national security, financial stability and U.S. competitiveness, and stave off the growing threat of cyber crime, administration officials said...
Investors richer by over Rs 7.21 trn in two days of market rally
Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said, in the near-term, volatility cannot be ruled out till uncertainty looms over the Ukraine conflicts. "Investors will watch out for the state elections result on Thursday," Khemka...