According to a recent report by the World Gold Council (WGC), the...
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FPIs’ selling spree continues in Nov at Rs 21,612 cr
According to the data, FPIs recorded a net outflow of Rs 21,612...
FPI selling spree continues in Nov at Rs 26 533 cr, intensity of outflow reduces
The relentless selling by FIIs continued in November. After selling...
99 of India’s leading financial advisors invest in Network FP to build an End-to-End Edutech Platform
India has over 3 crore families with an income of Rs 10 lakhs per annum and above. Such families need professional money managers as majority of them don't have time or required skills/knowledge to manage money, investments & insurance on their own. Network FP...
Four in every 10 euros of European fund assets now sold as ‘sustainable’ -Morningstar
Investment funds marketed as sustainable under the EU's Sustainable Finance Disclosure Regulation managed 4.05 trillion euros in assets ($4.63 trillion) at end-2021, Morningstar said in a new report. That is up from about 2 trillion euros in April last year shortly...
Indian billionaire Gautam Adani surpasses Mukesh Ambani as Asia’s richest person
Gautam Adani Adani’s sustainability claims and green ambitions are criticized by climate campaigners who point to the group’s Carmichael coal mining project in Australia, which will expand supplies of the highly-polluting fossil fuel. The Adani Group opted to use its...
Sensex tanks1023 points; heavy selling by FIIs
This is the third consecutive session of loss in the benchmark Sensex and investors have lost over Rs 7 lakh crore during this period Mumbai: The Indian equities markets benchmark Sensex slumped 1023 points on Monday due to heavy selling by foreign institutional...
India GDP estimated at Rs 147.5 lakh crore in FY22: Chaudhary
Minister of State for Finance Pankaj Chaudhary In FY 2020-21, Minister of State for Finance Pankaj Chaudhary said that as a major part of its policy response to the pandemic, the government while providing a safety net to the vulnerable sections of the society...
Sebi comes out with new disclosure format for abridged prospectus
Under the revised format, a company will have to disclose about name of the promoter, details of offer to public -- types of issue, fresh issue and offer for sale (OFS)component, total issue size -- and share reservations details on the front page of the abridged...
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...