Catastrophe bonds, or cat bonds as they’re known in the industry,...
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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...
World economy now set to surpass $100 Trillion in 2022, India to become 3rd largest by 2031
British consultancy Cebr predicts India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth biggest economy, Cebr said Climate change will lower consumer spending by $2 trillion a year on average through 2036 as...
Mutual funds add Rs 7-lakh crore to kitty in 2021; Omicron, rate hikes possible red flags for 2022
Mutual funds saw net inflows of Rs 1.93 lakh crore in 2021 (till November). This included Rs 71,600 crore into equity schemes and Rs 14,500 crore into debt schemes New Delhi: Mutual Funds as an investment avenue won the confidence of investors in 2021 with the...
IPO fundraising reaches all-time high of Rs 1.18 trillion in 2021
The year witnessed tremendous response from retail investors as well. The average number of applications from retail was 14.36 lakh, in comparison to 12.77 lakh in 2020 and 4.05 lakh in 2019. The highest number of applications from retail in 2021 was received by...
ESG fund AUM jumps 4.7 times to Rs 12,320 cr in 2 years ending Nov: Report
AUM of Indian ESG funds is only a paltry 0.3 per cent of the over Rs 38.45 lakh crore mutual funds industry as of end-November 2021 and is only a negligible portion of the global fund pool of USD 35.4 trillion as of end 2020 Mumbai: Boosted by the pandemic, the ESG...
Sebi issues framework on fees for investment advisory services for accredited investors
In case of large value accredited investors, the quantum and manner of exit load applicable to the client of the portfolio manager will be governed through bilaterally negotiated contractual terms, Sebi said in a separate circular Mumbai: Capital markets regulator...
Axis Bank emerges as highest bidder for Citi consumer biz
The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs about 4,000 people in the consumer banking business.According to the sources, the valuation could be around USD 2 billion (about...
Smaller cities and 30 plus investors drive the SIP growth story in the country
The report shows that India’s smaller cities are now leading the charge with 64% contribution of SIP inflows coming outside of top 10 cities that include metros and big business hubs like Bangalore and Hyderabad in 2021. There has been a gradual increase in SIP...
RBI favours total ban on cryptocurrencies
Nearly 15 million Indian retail investors representing 1.8 per cent of the population have invested over $6.6 billion in crypto assets Government is not likely to bring a bill on cryptocurrency in the ongoing winter session of the Parliament Lucknow: RBI discussed...
Cryptocurrencies a challenge for emerging markets, regulation needed: IMF chief economist
Gita Gopinath,Chief Economist,International Monetary Fund ''I think cryptocurrencies are a particular challenge for emerging markets. It seems to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies,'' she said while...
KKR to buy 10% stake in Shriram General Insurance ahead of IPO
The Chennai-based Shriram Group is selling the stake in Shriram General Insurance Co. ahead of a potential initial public offering that could take place as soon as 2022.The deal may be announced as early as next week, sources said Mumbai: KKR & Co. is nearing a...