Wealth Management

Either sell or advise,Sebi says investment advisors can't do both

Indian News       Jul 10, 2020

  Mumbai: Investment advisers can either distribute financial products or advise on them to investors, but cannot do both, as per Markets regulator SEBI. The move will be applicable from October 1. The Securities and Exchange Board of India has amended the Investment Advisers Regulations and...

Jerome Jean Haegeli, Group Chief Economist,Swiss Re

Covid-19 Pandemic:Prm growth in emerging markets to remain positive in 2020 & 2021,says Swiss Re

Articles       Jul 09, 2020

  The insurance industry is set to overcome this year’s COVID-19-induced global economic recession, the latest Swiss Re Institute’s sigma says. The COVID-19 crisis will present challenges to industry profitability.In addition to pandemic-related losses, investment returns will remain subdued as interest rates stay low for longer,...

India equity mutual fund inflows plummet as investors book profits, stay away

Indian News       Jul 08, 2020

MUMBAI: Inflows into India’s equity mutual funds slowed to a trickle in June even as stock markets recovered sharply, as investors worried about the impact of the new coronavirus on their livelihood chose to book profits and stay away.Net flows into mutual funds that invest...

Britain weighs vouchers to boost spending in virus-hit sectors, Guardian says

Facts       Jul 05, 2020

London: British finance minister Rishi Sunak is considering plans to hand out vouchers of 500 pounds ($624) for adults, and 250 pounds for children, to spend in sectors of the economy hit hardest by the coronavirus crisis, the Guardian said on Sunday.   The proposals were...

Jeffrey Preston Bezos, founder, CEO, and president Amazon

Jeff Bezos's wealth soars to $171.6 billion to top pre-divorce record

Facts       Jul 02, 2020

  Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year.   Shares of the Seattle-based retailer surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s...

June gold imports plunge 86% y-o-y to 11 tonnes due to lockdown: Report

Data       Jul 02, 2020

  India's gold imports plunged 86 per cent year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said.   The world's second-biggest...

Indian Gen Z,millennials will wait to return to work: LinkedIn

Facts       Jun 30, 2020

  As the business landscape resumes, older professionals appear keen on stepping out into the post Covid-19 world while younger professionals are not rushing to embrace it.   The findings reaffirmed this difference in perception as 38 per cent of Gen X and 29 per cent of...

Chinese companies take record 50% of global equity raising in first half of 2020

International News       Jun 29, 2020

   HONG KONG: Firms in China brought in half of equity capital raised globally this year so far, setting a record that highlights the economy’s earlier revival from the COVID-19 pandemic, plus the degree to which soured U.S. relations are turning Chinese firms homeward.China-based companies sold...

 Global stocks sapped by coronavirus surge, recession gloom

International News       Jun 25, 2020

  Houston/ LONDON/SINGAPORE: World stocks spluttered to their lowest level in over a week on Thursday, as a surge in U.S. coronavirus cases and an IMF warning of a nearly 5% plunge in the global economy this year hit the bulls again.Asia had suffered its biggest...

86% of Singapore-based HNWIs own medical or critical illness insurance policies:Study

International News       Jun 24, 2020

  SINGAPORE:  AIA together with EY today launched a new report providing new insights into High-Net-Worth Individuals (HNWIs), in the context of their views and adoption of insurance solutions. The report identifies specific challenges faced by HNWI's and explores how insurance solutions can help this segment...

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