Himanshu Srivastava, Associate Director-Manager Research,...
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RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as...
RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
The potential rate cut is coming after the domestic rate-setting...
Investors lose over Rs 6.47 trn in two days amid global market crash
"We expect markets to remain volatile amid worries about inflation and its impact on corporate earnings, while also fuelling concerns over aggressive US Fed rate hikes in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services...
LIC IPO- likely to open between May 4-9, smaller size risks India’s fiscal deficit target
The LIC board will meet Tuesday to decide the launch dates for its IPO along with the discount to be offered to policyholders, employees and retail shareholders LIC's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower...
Sustainable funds see Rs 315 crore outflow in FY21-22, says report
This comes following a staggering inflow of Rs 4,884 crore in FY 2020-21. Prior to that, sustainable funds saw an infusion of over Rs 2,000 crore, according to data compiled by Morningstar India Going forward, ESG considerations will become an integral part of the...
Centre to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore
The issue size is expected to be worth Rs 21,000 crore, valuing the country's largest insurer at Rs 6 lakh crore LIC board had met on Saturday to approve the modified IPO LIC is likely to file the red herring prospectus with market regulator Sebi by Wednesday New...
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...