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53 pc Indians likely to buy art, watches, luxury handbags in 2023; art tops in passion investment: Report

by AIP Online Bureau | Mar 3, 2023 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

Among the ten passion investments, Knight Frank said art was the top performer with a return of 29 per cent in a 12-month period ending December 2022. More than half of ultra-high net worth individuals (UHNWIs) in India are likely to purchase art along with watches...
Investors’ wealth plunges Rs 8.30 lakh crore in 6 trading sessions

Investors’ wealth plunges Rs 8.30 lakh crore in 6 trading sessions

by AIP Online Bureau | Feb 24, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Foreign Institutional Investors (FIIs) offloaded shares worth Rs 1,417.24 crore on Thursday, according to exchange data “The domestic market is broadly demonstrating a lack of confidence, registering its sixth consecutive day of losses despite global markets...

India’s richest 1% own more than 40% of total wealth: Oxfam

by AIP Online Bureau | Jan 16, 2023 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Since the pandemic begun to Nov 2022, billionaires in India have seen their wealth surge by 121 per cent or Rs 3,608 crore per day in real terms, Oxfam said On the other hand, approximately 64 per cent of the total Rs 14.83 lakh crore in Goods and Services Tax (GST)...

India has the largest gender wealth gap in APAC:WTW Report

by AIP Online Bureau | Nov 3, 2022 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy

In APAC, the gender wealth gap is the largest in India at 64%. The study found that one of the contributing factors for this can be the significant gender pay gaps in the country, which exceed the global average, particularly for professional and technical roles....

Combined wealth of India’s 100 richest on Forbes list rises to USD 800 billion: Report

by AIP Online Bureau | Oct 20, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Mukesh Ambani, who controls Reliance Industries, the energy to telecom giant, is at number two with USD88 billion, down 5per cent from last year. Between them, Adani and Ambani now account for 30per cent of the total wealth of India’s 100 richest Mumbai: The...
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