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‘Digital gold’ Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
According to Vishal Sacheendran, Head of Regional Markets at...
StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
StanChart’s assets under management sourced from wealthy Chinese...
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...
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...