Wealth Management

Wealth amassed by 100 richest Indians during pandemic can give 13.8 cr poorest Rs 94k each: Oxfam

Facts       Jan 25, 2021

New Delhi, India''s 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the COVID-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each. The latest...

How fastest vaccine rollouts by small countries is fuelling market gains

International News       Jan 24, 2021

  The race to deliver the jab to the world’s populations has so far been led by a handful of smaller nations, and now they’re outpacing some of the wealthiest countries in the eyes of traders too. The fastest Covid-19 vaccination rollouts globally, in Israel and...

Sensex scales 50,000; BSE m-cap has hits Rs 199 trillion

Indian News       Jan 21, 2021

  Mumbai: BSE m-cap has hits Rs 199 trillion as Indian shares rose to a record high on Thursday, with the benchmark index scaling the 50,000 level for the first time, boosted by heavyweight Reliance Industries after the country’s stock exchanges approved its deal with Future...

Sensex, Nifty hit record high on Airtel boost

Indian News       Jan 13, 2021

Mumbai: Indian shares rose on Wednesday to a record high as the country’s retail inflation eased, bolstering banking stocks, and Bharti Airtel gained after the telecom operator initiated process to increase foreign investment limit. Investors also await results from technology heavy weights Infosys Ltd and...

Indian markets scales fresh record highs,Sensex crosses 49,000

Indian News       Jan 11, 2021

Mumbai: The Indian markets scaled fresh record highs on Monday, with the S&P BSE Sensex scaling Mount 49,000 for the first time ever, on the back of favourable global cues.  The S&P BSE Sensex gained 330 points, or 0.7 per cent, at 49,120 levels and...

FPIs invest Rs 5,156 cr in Indian equities in Jan so far

Indian News       Jan 10, 2021

New Delhi: Foreign portfolio investors (FPIs) have pumped Rs 5,156 crore into Indian capital markets in the first six trading sessions this year amid expectations of strong third-quarter earnings and a reformist budget. As per depositories data, FPIs invested a net Rs 4,819 crore in...

Equity MF logs Rs 10,147 crore outflow in December, industry asset base hits Rs 31 lakh crore-mark

Indian News       Jan 08, 2021

Mumbai: Equity mutual funds witnessed a massive outflow of Rs 10,147 crore in December, making it the sixth consecutive monthly withdrawal, even as the industry's asset base surged to an all time high of over Rs 31 lakh crore. However, investors put in Rs 13,863...

World's super-rich families bet on hedge funds in economic upheaval: Survey

International News       Jan 06, 2021

Family offices are heading back to hedge funds. More than a third of 185 investment firms for wealthy clans plan to boost allocations amid the economic upheaval caused by the Covid-19 pandemic, according to survey released Wednesday by BlackRock Inc. and Juniper Place, a London-based...

Mutual funds asset base rises 7.6% to Rs 29.71 lakh crore in December quarter

Indian News       Jan 05, 2021

  Mumbai: Mutual funds’ asset base rose by 7.6 per cent to 29.71 lakh crore in the quarter ended December, mainly on account of the rally in equity markets. The average asset under management (AAUM) of the industry, comprising 45 players, was at Rs 27.6 lakh...

Sensex, Nifty close at record highs as India approves COVID-19 vaccines

Indian News       Jan 04, 2021

  Mumbai: Indian shares notched record closing highs on Monday for a second straight session of the new year, as investor sentiment lifted after the country gave emergency use approvals to two coronavirus vaccines over the weekend.The Nifty ended up 0.82% at 14,132.90, while the benchmark...

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