Shantikanta Das,Governor, Reserve Bank of India ``I am actually of...
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FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation
Looking ahead, the trajectory of global events like geopolitical...
Allianz weighs options for AllianzGI unit, sources say
Amundi and Germany’s DWS would be logical candidates for any deal...
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...
Paytm launches Paytm Wealth Academy, a tech-powered educational platform for traders and investors
The Paytm Wealth Academy is a first-of-its-kind initiative to allow users to learn trading and financial concepts at their own pace at their level of comfort. The platform offers a wide catalog of courses and webinars along with personalized recommendations for users,...
Shriram Group to merge finacial biz, hive off insurance
Shriram group will merge Shriram Capital Ltd and Shriram City Union Finance with Shriram Transport Finance Shriram Capital will demerge its financial services and insurance business and the rest of its business to be merged with Shriram Transport The new entity will...
AMFI pitches for pension oriented MF Scheme; tax parity with ULIPs
Amfi has proposed ''to bring parity in tax treatment in respect of capital gains on withdrawal of investments in ULIPs of Life Insurance companies and redemption of Mutual Funds Units, so as to bring about level playing field between ULIPs and MF scheme''. The...