Akshay Chinchalkar, Head of Research at Axis Securities, told ANI...
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China guides mutual funds, insurers to invest more in stocks
China will commence the second stage of a trial program for...
MFs, insurers and retail investors buy $8 billion of Indian equities in Jan as FIIs sell
A greater participation of mutual funds, insurance firms and retail...
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...
Investors’ wealth jumps over Rs 10.83 trn in three days amid market rally
"Markets today were driven majorly by election results across various states. Today post markets Russia-Ukraine are to hold talks which will have major effect on markets tomorrow," said Rahul Sharma from Equity 99 Mumbai: Equity investors have become richer by over Rs...
Biden orders government to study digital dollar, other cryptocurrency risks
Wide-ranging oversight of the cryptocurrency market, which surged past $3 trillion in November, is essential to ensure U.S. national security, financial stability and U.S. competitiveness, and stave off the growing threat of cyber crime, administration officials said...
Investors richer by over Rs 7.21 trn in two days of market rally
Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said, in the near-term, volatility cannot be ruled out till uncertainty looms over the Ukraine conflicts. "Investors will watch out for the state elections result on Thursday," Khemka...
LIC gets market regulator nod for IPO
However, bankers advising LIC had pushed the government to defer the launch of the stock offering. IPO approvals are valid for a period of 12 months from the date of final observation by the Securities and Exchange Board of India. Mumbai: India's market regulator has...
GLOBAL MARKETS-Global shares fall, oil rises in volatile trading after Russia oil ban
The rally in oil and other commodities has heightened investor fears about global inflation. Data this week is expected to show the U.S. consumer price index climbed a stratospheric 7.9% on a year-on-year basis in February, up from 7.5% in January Solita Marcelli,...
We see clear advantages in central bank driven digital currency: Nirmala Sitharaman
''We see clear advantages in a central bank driven digital currency, because in this day and age, bulk payments happening between- countries, large transactions between institutions and large transactions between central banks themselves of each country- are all...