According to the data, FPIs recorded a net outflow of Rs 21,612...
Category:
Wealth Management/ Philanthropy
Latest
FPI selling spree continues in Nov at Rs 26 533 cr, intensity of outflow reduces
The relentless selling by FIIs continued in November. After selling...
Indian economy to touch $7 trillion mark by 2031: Report
According to a Crisil report, "any further escalation in...
Govt to push LIC IPO to next fiscal amid market swings
Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...
FPI holdings in Indian equities down 2% to $654 bn in Oct-Dec: Report
So far in 2022 (till February 4, 2022), FPIs were net sellers in Indian equities to the tune of USD 4.95 billion The value of foreign portfolio investors' (FPI) holdings in domestic equities reached USD 654 billion in three months ended December 2021, a drop of nearly...
Govt may review timing of LIC IPO after Ukraine invasion: FM Sitharaman
“Ideally, I’d like to go ahead with it because we’d planned it for some time based purely on Indian considerations,” Sitharaman said “But if global considerations warrant that I need to look at it, I wouldn’t mind looking at it again,” she said New Delhi India may...
Number of ultra HNIs in India up 11% in 2021 at 13,637: Report
"In India, the number of UHNWIs (net assets with USD 30 million or more) has grown by 11 per cent YoY (year-on-year) in 2021, the highest percentage growth in APAC," Knight Frank said in a statement. The number of UHNWIs in India grew to 13,637 in 2021 from 12,287 in...
Ukraine Invasion: Russia’s ultra-rich count cost of $83 bn wealth wipeout
Russia’s $1.5 trillion economy is already reeling from sanctions that targeted key banks and may prevent Putin from accessing the bulk of more than $640 billion in central bank reserves. Those restrictions have roiled the nation’s markets and are having a knock-on...
Government allows up to 20 per cent FDI in LIC under automatic route
Under current rules, foreign investment is not allowed in the LIC, governed by the special parliament act, while 74% foreign direct investment is allowed in other private insurance companies NEW DELHI: India's cabinet approved on Saturday a policy amendment allowing...
Investors’ wealth jumps over Rs 7.7 trn as Sensex snaps 7-day losing streak
"Global markets including Indian equities witnessed a smart pull back after yesterday's crash as the new sanction imposed by US and UK appeared to be less severe for the Russian economy," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services...
Cabinet likely to consider proposal for FDI in IPO-bound LIC on Saturday
As per Sebi rules, both FPI and FDI are permitted under public offer. However, since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation New Delhi: The Union...
Insurer AIA Group sells Australian savings and investments business
AIA did not disclose a deal value for the sale, but said the business holds about A$8 billion ($5.77 billion) in funds under administration. The Australian savings and investment business, which offers superannuation and retirement products, was acquired by AIA...
Lot of buzz, interest in market for LIC IPO: Sitharaman
Finance Minister Nirmala Sitharaman ''Now that DRHP (for LIC IPO) is out, there is a buzz and a lot of interest in the market. I am glad the way in which it is crafted where shareholders also have a role to play. The way it has been crafted has created a lot of...