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Investors’ wealth eroded by Rs 5.12 lakh crore in four straight days before Lok Sabha outcome

Investors’ wealth eroded by Rs 5.12 lakh crore in four straight days before Lok Sabha outcome

by AIP Online Bureau | May 29, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

”Nifty dropped by 183 points, marking the fourth consecutive decline as election jitters triggered intense selling. The Sensex fell by nearly 668 points to 74,503,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Mumbai: Investors’...
Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Allianz, one of the world’s largest financial services companies with €2.16 trillion ($2.33 trillion) in assets under management, joins a growing number of global firms building their focus on the wealth sector Allianz SE is making a strategic investment in money...
Asia’s richest person re-joins $100 billion club as stock surges

Asia’s richest person re-joins $100 billion club as stock surges

by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Mukesh Ambani, chairman, Reliance Industries Ambani, Reliance’s chairman, owns 42% of the company, which has businesses in the energy, telecommunications and retail sectors, among others. Its shares have climbed 22% from a low in October after the firm reported a jump...

India among top countries with high income, wealth inequality: new UNDP report

by AIP Online Bureau | Nov 6, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Wealth Management/ Philanthropy

In India, between 2000 and 2022, per capita income soared from USD 442 to USD 2,389. Whereas, between 2004 and 2019, poverty rates (based on the international poverty measure of USD 2.15 per day) plummeted from 40 to 10 per cent New Delhi: India has emerged among top...
India, Singapore defy declining global wealth trend, why?

India, Singapore defy declining global wealth trend, why?

by AIP Online Bureau | Sep 4, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

India was one of few countries which experienced a wealth increase and along with Russia, Mexico and Brazil saw the largest wealth expansion. In terms of wealth per adult, Switzerland continues to top the list followed by the USA, Hong Kong, Australia and Denmark...
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