Gold demand in the world's second-biggest consumer of the precious...
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Census likely from early 2025, data will be declared by 2026
The 31 questions to be asked to each family under the census...
Cryptocurrencies huge risks to financial stability, RBI Governor
Shantikanta Das,Governor, Reserve Bank of India ``I am actually of...
LIC policyholders need to update PAN details by Feb 28 to participate in IPO
The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employees and policyholders of the insurance behemoth would get a discount over the floor price Mumbai: Life Insurance Corporation of...
Investors’ wealth tumbles by over Rs 8.47 trn amid global sell-off
In just two sessions, the total investors' wealth has eroded by more than Rs 12 lakh crore. Mumbai: Investors' wealth plummeted by more than Rs 8.47 lakh crore on Monday as the stock market continued to be ravaged by weak global sentiments triggered by mounting...
LIC IPO: Market crash makes India’s biggest listing a tough task
India will need bulky commitments from anchor investors, who will raise about a third of the total money. A further 35% -- or Rs 21,000 crore, based on the estimated valuation -- will be sold to millions of retail investors. That’s a challenging task To overcome a...
Axis Bank set to buy Citigroup’s India retail unit for $2.5 bn: Report
For Citigroup Chief Executive Officer Jane Fraser, the planned India retail sale is part of a restructuring to simplify the U.S. lender, do away with its retail banking operations in 13 countries across Asia and Europe, and focus on high-growth businesses such as...
LIC IPO: Govt files draft papers with Sebi, to sell 5% for around Rs 63,000 crore
Although the DRHP does not disclose the market valuation of LIC, as per industry standards it would about 3 times the embedded value or around Rs 16 lakh crore. The government will sell over 31 crore equity shares of LIC LIC's embedded value has been pegged at about...
FPIs net sellers at Rs 14,935 cr in first half of Feb
''FPIs sharply increased the pace of selling after the US Federal Reserve indicated an end of the ultra-loose monetary policy regime. Besides, globally, the bond yields have surged in recent times on expectation of a hike in interest rates by the US Fed,'' Himanshu...
NFT marketplace shuts, citing ‘rampant’ fakes, plagiarism problem
Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021 leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free The platform which sold an NFT of Jack Dorsey's...
Taxing cryptos income doesn’t make them legal: FM Sitharaman
Finance Minister Nirmala Sitharaman said, "I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input". About the profit emanating from transactions in cryptocurrencies, she stated that...
Investors’ wealth tumble over Rs 3.91 lakh cr as stocks slump
''Aggressive FII selling resulting from negative global cues wreaked havoc in the domestic market today. Globally markets traded in the red amid mounting concerns of surging US inflation which fuelled fears of a hawkish rate hike by the central bank,'' said Vinod...
LIC:Govt eyes to offload 5% stake sale via mega IPO
With 5 per cent, market experts peg the size of the IPO to be at around Rs 40,000 crore.The embedded value of the company is estimated to be about Rs 5.4 trillion ($72 billion), . New Delhi: India is considering selling about 5 per cent of the shares it holds in a...