Wealth Management

3,000 tonnes gold deposits found in UP's Sonbhadra

Indian News       Feb 22, 2020

    Sonbhadra: The Geological Survey of India (GSI) has discovered gold deposits estimated to be around 3,000 tonnes and worth Rs 12 lakh crore in Sonbhadra district of Uttar Pradesh, almost five times India's current reserve of the yellow metal.   The gold deposits were found in...

Finance Minister Nirmala Sitharaman

No timeline to remove I-T exemptions: Sitharaman

Indian News       Feb 16, 2020

  HYDERABAD : Finance Minister Nirmala Sitharaman on Sunday said the idea behind introducing second alternative tax slabs sans exemptions is to take the country towards "a simplified, exemption-free and reduced rate of tax regime."   However, there was no timeframe set by the government to remove...

Gold imports plunge 9% to $24.64 billion during April-January: Govt data

Indian News       Feb 16, 2020

  New Delhi: Gold imports, which have a bearing on the country's current account deficit (CAD), fell about 9 per cent to $24.64 billion (about Rs 1.74 lakh crore) during April-January period of the current financial year, according to Commerce Ministry data.   Imports of the yellow...

Global scenario not rosy, will impact MF sector: SEBI official

Indian News       Feb 16, 2020

  Kolkata:  The ongoing tension between the US and China, which has been affecting the global trade, will have its impact on the emerging markets and will not spare the mutual fund (MF) industry too, a Sebi official said on Saturday.   The amount of liquidity of...

Dec equity MF inflows dip 50% to Rs 12,000 cr on valuation, growth concerns

Indian News       Feb 16, 2020

Mumbai: Investors poured nearly Rs 12,000 crore into equity oriented mutual funds in the three months ended December 2019, a sharp slump of 50 per cent from the preceding quarter, on worries over stock valuations as well as stuttering economic growth.   Notably, all categories of...

SEBI issues guidelines for portfolio managers

Indian News       Feb 13, 2020

Mumbai: Markets watchdog Securities and Exchange Board of India (SEBI) on February 13 issued guidelines for portfolio managers and said they cannot charge upfront fee from clients. SEBI (Portfolio Managers) Regulations, 2020, were notified on January 16.   In addition, certain changes to the regulatory framework...

Investments in equity-oriented MF drop 41% to Rs 75,000 crore in 2019

Indian News       Jan 19, 2020

  New Delhi: Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41 per cent from the preceding year, mainly hit by extreme market volatility amid slowing economic growth.   Experts, however, are of the view that equity...

Hyderabad,Bengaluru top two among most dynamic cities in the world

Facts       Jan 18, 2020

  Hyderabad: Technology hub Hyderabad has edged out 129 other cities in the world to emerge as the world's most dynamic city, according to the seventh edition of the City Momentum Index by global real estate services firm JLL.   The city has pushed Bengaluru to second...

China's per capita GDP crosses $10,000-mark for the first time

Facts       Jan 17, 2020

  Beijing: For the first time, the per capita GDP of China, the world's most populous nation, has exceeded the $10,000-mark in 2019, a top official said on Friday. The per capita Gross Domestic Product in 2019 reached 10,276 US dollars at the average exchange rate,...

Gold demand records 30 per cent dip in last six months: GJC

Indian News       Jan 10, 2020

  Chennai: The total business volume of gems and jewellery industry has posted a 30 per cent decline in terms of demand over the last six months, a top industry official said on Friday.   All India Gems and Jewellery Domestic Council Chairman Anantha Padmanabhan said business...

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