According to Vishal Sacheendran, Head of Regional Markets at...
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Wealth Management/ Philanthropy
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StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
StanChart’s assets under management sourced from wealthy Chinese...
Take care of your health first: Mark Mobius tells Gen Z investors
“I recommend maybe 10 per cent, or maybe even 20 per cent of gold...
Global crypto market suffers $1-trillion loss as Bitcoin crashes
Given their relatively high volatility and valuations, cryptocurrencies' increased co-movement could soon pose risks to financial stability especially in countries with widespread crypto adoption, according to IMF research New Delhi: Bitcoin was hovering at $35,000...
Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug
Virtual coins have become emblematic of a retreat in speculative investments sparked by the prospect of tighter monetary policy in the U.S. Bitcoin of late has tracked swings in technology stocks, which have been under pressure, with the Nasdaq 100 tumbling into a...
Britain to curb marketing of crypto investments
“We are concerned that too many consumers are just ‘clicking through’ and accessing high-risk investments without understanding the risks involved,” the FCA said. The planned rules cover high-risk investments such as cryptoassets, including cryptocurrencies such as...
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...