Wealth Management & Philanthropy

India's top 10% urban families own Rs 1.5 cr in assets against Rs 2K at rock bottom decile: Survey

Indian News       Sep 15, 2021

New Delhi: India's top 10 per cent urban households on an average own Rs 1.5 crore in assets as against Rs 2,000 at the bottom decile, reflecting the sharp divide between the rich and the poor in cities, showed a government survey. The situation, however,...

Investors richer by over Rs 4.46 lakh cr in three days of market rally

Indian News       Sep 15, 2021

  Mumbai, Sept 16: Investors have become richer by over Rs 4.46 lakh crore in three days of market rally where the benchmark Sensex scaled the 59,000-mark for the first time on Thursday, driven by various reform measures. In its third consecutive session of gain, the...

Investor wealth jumps Rs 3.35 lakh cr in two days

Indian News       Sep 14, 2021

Mumbai, Sept 15: Investors have gained Rs 3,35,770.71 crore in two days of market rally, with the Sensex scaling its fresh lifetime peak on Wednesday. Rising for the second day, the 30-share BSE benchmark jumped 476.11 points or 0.82 per cent to close at its...

Billions blown as Macau casino investors fold amid gambling review

International News       Sep 14, 2021

  HONG KONG, Sept 15: Macau casino operator stocks plummeted by as much as a third on Wednesday, losing around $14 billion in value, as the government kicked off a public consultation that investors fear will lead to tighter regulations in the world's largest gambling hub....

Indian capital markets outpacing world by most since 2018 emboldens bulls

Indian News       Sep 13, 2021

Indian stocks are throwing up rare signals pointing to the possibility of further gains after a powerful rally. The MSCI India index beat the MSCI World gauge of developed nations by more than six percentage points last month, the biggest gap since 2018. The average...

FPIs continue to invest in Indian markets; pump in Rs 7,605 cr so far during Sep

Indian News       Sep 11, 2021

New Delhi, Sep 12: Continuing the buying in Indian markets, foreign portfolio investors (FPIs) pumped in a net sum of Rs 7,605 crore in September so far. According to data from depositories, overseas investors invested Rs 4,385 crore into equities and Rs 3,220 crore in...

Wipro leaders to return to office from Monday: Chairman Rishad Premji

Facts       Sep 11, 2021

Bengaluru: Wipro Chairman Rishad Premji on Sunday said its leaders will start returning to office from Monday after 18 months of work from home amid the COVID-19 pandemic. "After 18 long months, our leaders @Wipro are coming back to the office starting tomorrow (twice a...

Equity MFs attract Rs 8,666-cr in Aug; flexi-cap biggest contributor

Indian News       Sep 07, 2021

  Mumbai, Sept 08: Equity mutual funds attracted a little over Rs 8,666 crore in August, making it the sixth consecutive monthly net inflow, on staggering investment in flexi-cap category. In comparison, such funds witnessed a net inflow on Rs 22,583 crore in July on huge...

El Salvador leads world in adopting bitcoin as official currency

Facts       Sep 06, 2021

El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad but which critics warned may fuel money laundering. The change means businesses should accept payment in...

FPIs net buyers in Aug; invest Rs 16,459 cr

Indian News       Sep 05, 2021

  New Delhi: Foreign portfolio investors (FPIs) were net buyers to the tune of Rs 16,459 crore in Indian markets in August, with the majority of investment coming in the debt segment. In equities, they invested just Rs 2,082.94 crore while the debt segment saw an...

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