Wealth Management

FPIs pull out net Rs 476 cr so far in Sept from Indian markets

Indian News       Sep 27, 2020

New Delhi: Foreign portfolio investors (FPI) have pulled out Rs 476 crore on net basis so far from Indian markets in September, reflecting a cautious stance by participants amid fears of resurgence of coronavirus cases in Europe and other countries. According to depositories data, FPIs...

Ajay Tyagi,,Chairman,Sebi

Mutual Funds are not banks, shouldn't behave like one: Sebi chief Ajay Tyagi

Indian News       Sep 22, 2020

  Mumbai: Sebi Chairman Ajay Tyagi on September 22 said mutual funds are not banks and should not attempt to behave like one. The remark comes against the backdrop of some mutual fund houses giving moratorium to borrowers in recent months on the lines of banks....

FPIs pull out Rs 2,038 cr in September amid rising Indo-China tensions

Indian News       Sep 13, 2020

  New Delhi: Foreign portfolio investors (FPI) turned net sellers in Indian markets by pulling out Rs 2,038 crore so far in September as participants turned cautious in view of rising Indo-China tensions and weak global cues. According to the depositories data, a net Rs 3,510...

Health Ministry's telemedicine service platform 'eSanjeevani' completes 3 lakh consultations

Indian News       Sep 08, 2020

  NEW DELHI: The Union Health Ministry's telemedicine service platform 'eSanjeevani' has completed three lakh tele-consultations till now, the government said on Tuesday. The platform supports two types of telemedicine services -- doctor-to-doctor through eSanjeevani and patient-to-doctor through eSanjeevani OPD. It has provided essential healthcare at...

Women participation in Indian equity market grows during COVID-19

Facts       Sep 07, 2020

Women participation in equity markets has surged during COVID-19 pandemic and experts believe the growingneed to share household expenses with rampant pay cuts and lay-offs has brought them to trading, market participants said. Additionally, women are looking for alternatives to the decreasing bank’sfixed deposit (FD)...

FPIs invest Rs 47,334 crore in Indian capital markets in August so far

Indian News       Aug 30, 2020

New Delhi: Overseas investors remained net buyers in Indian capital markets in August so far, pumping in a massive Rs 47,334 crore on net basis as excess liquidity in the global markets and low interest rates drove money to emerging markets. According to the depositories...

Supratim Bandyopadhyay, Chairman,PFRDA 

PFRDA mulling launching minimum assured return-based pension scheme

Indian News       Aug 30, 2020

  New Delhi:: The Pension Fund Regulatory and Development Authority (PFRDA) is working on a minimum assured return-based pension scheme, its Chairman Supratim Bandyopadhyay said. The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme,...

World’s richest people smashed wealth records this week

International News       Aug 29, 2020

   It’s been one of the most lucrative weeks in history for some of the world’s wealthiest people. The net worth of Amazon.com Inc. founder Jeff Bezos topped the once-unfathomable amount of $200 billion. Entrepreneur, inventor, provocateur Elon Musk added the title of centibillionaire when his...

India 72nd on global list with average monthly wage of Rs 32,800: Report

Facts       Aug 28, 2020

India has been ranked a lowly 72nd among 106 countries in terms of the average wage per month, while Switzerland topped the chart, according to a global ranking of average wages prepared by Picodi.com. With an average monthly wage of Rs 32,800 ($437), India has...

Amazon's Jeff Bezos becomes the first person ever worth $200 billion

Facts       Aug 28, 2020

  NEW YORK: Three of the world’s richest people have achieved staggering new levels of personal wealth. The net worth of Amazon.com Inc founder Jeff Bezos eclipsed $200 billion on Wednesday as shares of the e-commerce giant climbed to a record. The move simultaneously pushed his...

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