In October, the total FIIs selling through exchanges was Rs 113,858...
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Indian billionaires more than doubled to 185,their total wealth almost tripled to $ 905.6 bn in last 10 yrs, says UBS report
From 2015 to 2020, billionaire wealth grew globally at an annual...
Amundi SA eyes acquiring control of Allianz Global Investors
Rising costs and pressure on fees are prompting asset managers to...
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...
Cryptos a threat to financial stability; value not even a tulip: RBI Guv
Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability and financial stability. They will undermine the RBI's ability to deal with issues of financial stability and macroeconomic stability, Das said Mumbai: Governor...
Israel unveils $1.3 bln plan to reduce cost of living
In a televised address alongside Bennett, Finance Minister Avigdor Lieberman said the new plan, worth 4.4 billion shekels ($1.37 billion), would save the average Israeli family around 10,488 shekels ($3,270) a year Israel unveiled a $1.3 billion plan to reduce the...
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...