The new norms encompass qualification standards, fee structures,...
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Sensex tumbles 1,258 points over HMPV fears, global uncertainties, Investors’ wealth tumbled Rs 10.98 lakh crore
"The Indian equity markets are witnessing a sharp decline today,...
FIIs remain net buyers through primary market in 2024
In 2024, FIIs sold equity heavily for Rs 121,210 crore but they...
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...
India-Retirement and second home market size will increase to $4 billion by 2026
"Second homes have been part of an aspirational lifestyle for a long-time, and with the pandemic changing the real estate market in various ways, the second home industry has come into the spotlight," said Aditya Kushwaha, CEO and Director, Axis Ecorp. India's...
RBI Guv allays stagflation fears, says Ukraine war to have minimal impact on India
Shatikanta Das,Governor,Reserve Bank of India Firmly ruling out the prospects of the economy falling into stagflation -- a situation of prices shooting over the roof and growth plunging -- Reserve Bank Governor Shatikanta Das on Monday instead said prices are set to...
LIC IPO: Govt files updated draft papers with Q3 financials
As per the updated financials, the Life Insurance Corporation reported a net profit of Rs 235 crore in the October-December quarter. The net profit in April-December, 2021, increased to Rs 1,671.57 crore from Rs 7.08 crore a year ago Mumbai: The government has filed...
UK’s Sunak says he will help where possible with cost of living
British finance minister Rishi Sunak He said his priority going forward was to reduce taxation but a planned rise in national insurance due to begin in April, in order to fund health and social care spending, was fair London: British finance minister Rishi Sunak,...
92% Indian tax payers within Rs 10 lakh gross total income bracket
The taxpayers' profile in India is that more than 92 percent filers are in the 0-Rs 10 lakh gross total income bracket, beyond Rs 10 lakh-Rs 50 lakh is 6-7 percent and from Rs 50 lakh to Rs 5 crore is 0.6-0.7 percent and beyond Rs 5 crore of gross total income it is...
Govt working on classification of cryptocurrency under GST law
'There is a clarity needed in regard to levy of GST on cryptocurrencies and whether it has to be levied on the entire value, We are seeing whether cryptocurrencies can be classified as goods or services and also removing any doubt on whether it can be called an...
Investor wealth rises Rs 19 trn as Sensex soars 5,000 pts in 8 sessions
The valuations of Indian markets having moderated, geopolitical tensions subsiding, and with more clarity on the timeline for policy rate hikes by the US Federal Reserve, the volatility in the markets is expected to abate, said brokerage house Samco Securities in a...