Among states, Maharashtra currently leads with the highest number...
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Bajaj Allianz Life hosts financial awareness sessions for Indian Navy civilians in Mumbai
Bajaj Allianz Life Insurance has conducted financial awareness...
Cat-bond issuance hit a record $50 billion in 2024
Cat bonds continue to pay out more than many fixed-income assets....
FPIs pull out massive Rs 17,537 cr from Indian markets
''The market sentiments have been impacted globally by the uncertainty triggered by the war and the surge in crude,'' said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Mumbai: Foreign portfolio investors (FPIs) pulled out as much as Rs...
Research suggests ‘purchase happiness’ is directly proportional to amount of money
The authors discovered at least one way financially constrained consumers could get more happiness from their purchases: by planning Research suggests 'purchase happiness' is directly proportional to amount of moneyAnew study, led by Duke University's Fuqua School of...
LIC IPO: Govt to take call in best interest of investors, DIPAM Secy
DIPAM Secretary Tuhin Kanta Pandey said that while the government's desire is to come out with the Initial Public Offer (IPO) of the state-owned life insurer in the current fiscal, it is a ''dynamic situation'. New Delhi: The government will take a call on the IPO of...
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...