In Samvat year 2080, investors' wealth surged by a whopping Rs 128...
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DIIs hold stock market steady as FIIs sell Rs 113,858 crore worth equity in Oct
Despite the massive FII selling in financials, this sector is...
Domestic institutional investors pour record over Rs1 lakh cr in equities in Oct
DII activity came as the cumulative foreign portfolio investor...
IPO-bound LIC offers highest ROE of 82%: CRISIL
At 64.1 per cent or with a Gross Written Premium (GWP) of USD 56.405 billion, LIC’s market share is unparalleled globally, and no other life insurer is enjoying such a high market share, a Crisil report said Mumbai: The IPO-bound national insurer Life Insurance...
Gold ETFs attract Rs 4,814-cr in 2021 on firming inflation, higher mkt valuations
Quantum Mutual Fund MD and CEO Jimmy Patel said the category may see continued interest in 2022 amid sticky inflation and the Federal Reserve attempting to catch up to it, possibly disrupting growth and markets Mumbai: Gold exchange traded funds (ETFs) remained in...
LIC IPO: Corporation’s embedded value set at over Rs 5 trn,DIPAM Secretary
While there has been speculation about the number in Indian media - from as low as $53 billion to as high as $150 billion - this is the first time the government, which owns 100% of LIC, is commenting on the matter. The embedded value will help establish the market...
Crypto’s like Bitcoin and Ethereum will never become a legal tender: Finance Secretary
Finance Secretary TV Somanathan Finance Secretary said, “Digital rupee will be backed by RBI which will never default. Money will be of RBI but the nature will be digital. The digital rupee issued by RBI will be the legal tender. We can purchase non-digital assets...
LIC IPO: Draft prospectus to be filed next week, issue in March: Dipam Secy
Secretary in the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey, said approval of the insurance regulator is awaited, post which the draft prospectus, detailing the size of the share sale, will be filed. New Delhi: Government is likely...
India targets infrastructure spending in growth budget
Seven engines of the PM Gati Shakti initiative are roads, Railways, airports, ports, mass transport, waterways and logistics infra. Production Linked Incentive (PLI) Scheme for achieving Aatmanirbhar Bharat has received an excellent response, with the potential to...
Sensex surges 850 points ahead of Union Budget 2022-23
This is the second consecutive day of the rally in the Indian stock markets ahead of the presentation of the budget. The Sensex had rallied 813.94 points or 1.42 per cent on Monday. The broader Nifty 50 of the National Stock Exchange was trading 242.15 points or 1.4...
Investors’ wealth jumps over Rs 3.33 lakh cr as markets rally
Vinod Nair, head of research at Geojit Financial Services, said taking positive cues from global markets and favourable takeaways from the Economic Survey report, the market rallied ahead of the Budget day Mumbai: Investors' wealth on Monday gained over Rs 3.33 lakh...
Global gold demand rises 10% to 4,021 tonnes in 2021: WGC
"The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China," WGC Regional CEO, India, Somasundaram PR told PTI Mumbai: Global gold demand rose 10 per cent to...
FPIs pull out a whopping Rs 28,243 crore from Indian equities in Jan
With the latest pull out of funds from Indian markets, FPIs have become net sellers for fourth consecutive month ''With US Fed signalling that it will start hiking interest rates soon and shrink its bond holdings, FPIs went on a selling spree in the Indian equity...