As per the income tax return (ITR) filing data, the number of...
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Niva Bupa shares jump 6 pc in market debut
The Rs 2,200-crore initial public offering of Niva Bupa Health...
Sensex crashes 984 points, loses 1,795 points in 3 trading sessions
Equity investors suffered an erosion of Rs 13 lakh crore in market...
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...
Money smarts arouse passion in millennials
According to a new survey from buy-now, pay-later company Affirm, millennials see the ability to manage finances as the No. 1 attractive trait in a partner The whipsawing economics of recent years have made millennials keenly aware of financial stability, even more so...
Goldman Sachs says bitcoin will compete with gold as “store of value”
Citing bitcoin's $700 billion market capitalization, compared to the around $2.6 trillion worth of gold owned as an investment, Goldman Sachs said that the cryptocurrency currently has a 20% share of the "store of value" market The term "store of value" usually...
DPIIT to come out with revised FDI policy to facilitate LIC disinvestment: Secy
The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM) New Delhi: The commerce and industry ministry is making changes in the foreign direct investment (FDI) policy to facilitate...
Cryptocurrency crime hit record $14 Billion in 2021: Research
Overall cryptocurrency theft grew over five-fold from 2020, with around $3.2 billion worth of coins stolen last year. Around $2.2 billion of those funds, some 72% of the total, were stolen from DeFi sites Crime involving cryptocurrencies hit an all-time high of $14...
Sensex slumps 782 points reversing four-days of rally
Heavy selling pressure was witnessed in IT and banking stocks. Infosys, Tech Mahindra and HCL Technologies slumped more than 2 per cent. HDFC and HDFC Bank both tumbled nearly 2 per cent Mumbai: Reversing four-days of winning streak, the Indian equities markets key...