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Investors’ wealth erodes by Rs 8.9 lakh cr as Sensex tumbles for sixth straight day
Foreign Institutional Investors (FIIs) offloaded equities worth Rs...
FPIs withdraw Rs 27,142 cr in 3 trading sessions on geopolitical tensions
According to the data, FPIs made a net withdrawal of Rs 27,142...
Investors’ wealth plummets over Rs 6.80 lakh cr in 3 days of market fall
''Indian markets witnessed profit booking for the third consecutive day amidst concern over higher US Treasury yields and the Federal Reserve tightening monetary policy,'' said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd Mumbai:...
Indian stock markets slump for 3rd straight day; Sensex down 516 points
The benchmark Sensex is trading deep in the red for the third consecutive session. The Sensex had lost 656 points and 554 points in the previous two trading sessions, respectively Mumbai: The Indian equities markets key indices tumbled for the third straight day on...
Millionaires group calls for wealth tax at virtual Davos
According to a study conducted by the Patriotic Millionaires together with Oxfam and other non-profits, a progressive wealth tax starting at 2% for those with more than $5 million and rising to 5% for billionaires could raise $2.52 trillion, enough globally to lift...
India’s billionaire count at 142 in 2021, 84% households see income decline in Pandemic: Oxfam India report
More than 4.6 crore Indians, meanwhile, are estimated to have fallen into extreme poverty in 2020 (nearly half of the global new poor according to the United Nations Moreover, the pandemic set gender parity back from 99 years to now 135 years. Women collectively lost...
Super-rich thrive as COVID-19 pushes millions into poverty
A new billionaire has been created every 26 hours since the pandemic began. - More than 160 million people are estimated to have been pushed into poverty during the health crisis The world's 10 wealthiest people more than doubled their fortunes to $1.5 trillion during...
Additional one percent tax on the 98 richest billionaire families can finance Ayushman Bharat for more than 7 years:Oxfam study
If each of the 10 richest Indian billionaires were to spend USD one million daily, it would take them 84 years to exhaust their current wealth, while an annual wealth tax applied to multi-millionaires and billionaires would raise USD 78.3 billion a year that would be...
Gold imports rise over 2-fold to $38 bn in Apr-Dec 2021
India is the world's second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry India's gold imports, which has a bearing on the country's current account deficit (CAD), more than doubled to $38 billion during...
Indian markets gains likely to be muted in 2022; 9% upside for Nifty by Dec: Report
The market rally that began from June 2020 and lasted till October 2021 will not hold this year and the return will be in high single-digit of say up to 9 per cent, Amish Shah, a research analyst at the brokerage, said and expects Nifty at 9,100 by December He also...
Rise in households’ inflation expectations impacts their savings in bank term deposits: RBI paper
Especially in the case of a developing economy, it is desirable for households to save in financial instruments like debt or equity, which can be utilised further into production enhancing activities, the paper said. However, considering the still nascent stage of...
Equity-oriented funds drive MF assets to record high in 2021 at Rs 37.7 lakh cr : Report
2021 saw investors put a larger amount of their money in equity-oriented funds, drawn by the strong gains in the underlying equity markets. While equity funds got net inflows of Rs 91,000 crore, passive funds saw Rs 1.14 lakh crore coming in and hybrid funds Rs 1.02...