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Year ender: Mutual fund industry’s AUM surges over 500 pc in a decade
Rural and semi-urban areas now account for 50 per cent of the total...
Gold set to extend record run; may hit Rs 90,000 in 2025 on global cues
Gold price is hovering at Rs 79,350 per 10 grams in spot markets at...
Be ready to lose all your money in crypto, EU regulators warn
Regulators are increasingly worried that more consumers are buying 17,000 different cryptoassets, including bitcoin and ether, which account for 60% of the market, without being fully aware of the risks LONDON:, Consumers risk losing all their money invested in...
Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk
Gautam Adani 'Over the last 10 years, Indian billionaires added circa USD 700 billion to their cumulative wealth - this is equivalent to Switzerland's GDP and twice the GDP of the UAE!,'' he said New Delhi: Gautam Adani, India's and Asia's second-richest person, added...
Investors richer by over Rs 13.16 lakh cr in five days of market rally
Domestic equities opened flat but gained momentum during the session, extending the rally for the fifth consecutive day. Global markets were mixed amid hopes for a diplomatic solution to the Ukraine war, but cautiousness prevailed as uncertainty looms with the...
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...