"Consolidation may persist in the near term, yet investors are...
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SIP inflows in India cross Rs 26,000 crore mark for 1st time in December: AMFI
Along with the SIP, mutual fund (MF) folio also surged to 22.50...
Equity fund inflows in India surge over 14 pc to Rs 41,156 cr in Dec
The AUM growth in B-30 (Beyond 30 cities) outpaced the top-30...
LIC’s Post IPO business plan a threat to private firms: Credit Suisse Report
The report notes that LIC's margin has already gone by up 700 bps to 9.9 percent after government amended LIC's surplus/profit distribution rules which allows it to make a 10 per cent shift in the business mix from participating policies to non-participating policies,...
Singaporeans fall prey to Chinese-origin ‘pig-butchering’ crypto scam
Losses average USD 134,940 per person, based on over 400 victims surveyed by the organisation from North America, Europe, Taiwan and South-east Asia, according to the report "They were asked to pay administrative fees, security fees or taxes in order to reap profits....
FPIs pull out Rs 18,856 cr from Indian markets in Feb so far
''Geopolitical tension and chances of a rate hike by US Fed have triggered outflows from FPIs in the recent times from the Indian equity markets. They sharply increased the pace of selling after the US Fed indicated an end of the ultra-loose monetary policy regime,''...
Nasdaq sinks into ‘Death Cross’ for first time since April 2020
“When you hear ‘death cross’ your antenna goes up,” Jay Woods, chief market strategist at DriveWealth Institutional, said in a phone interview. “It doesn’t always mean doom and gloom is coming. It just means we’ll likely be in a more extended downtrend.” With...
Sebi moots new disclosure framework for IPOs of loss-making cos
The move comes against the backdrop of many new age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the Initial Public Offering (IPO) route to raise funds New Delhi: Markets watchdog Sebi on...
Dollar millionaires in India rise 11% in pandemic-hit 2021: Survey
The survey of 350 such dollar millionaires also indicated that the number of those who classify themselves as happy in personal and professional lives slipped to 66 per cent in 2021, down from 72 per cent in the previous year. The report estimated the number of Indian...
LIC likely to launch $8-bn IPO on March 11: Report
Shares of the state-run insurer could be priced between Rs 2,000 to Rs 2,100 each Roadshows have begun and pricing could change after assessing investor appetite and discussions with the government, reported Bloomberg A public offering of shares by India's state-run...
Age before apps revolt galvanises Europe’s elderly savers
in Britain, the government plans legislation to ensure that the digital banking drive does not cut older people adrift Italy's biggest bank Intesa Sanpaolo, which plans to cut 22% of its branches in the next four years, has struck a partnership to provide basic...
LIC’s looming mega IPO weighs on other insurers’ stocks, say investors
LIC's listing could dump the equivalent of nearly 60% of the three insurers' free-float capitalisation on the market, Macquarie said in a report this week, adding that the outlook for them remains challenging If LIC's valuation is attractive, the pressure could spread...
LIC policyholders need to update PAN details by Feb 28 to participate in IPO
The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March and employees and policyholders of the insurance behemoth would get a discount over the floor price Mumbai: Life Insurance Corporation of...