Wealth Management

FPIs withdraw Rs 5,936 cr from equities in May amid worries over Covid wave

Indian News       May 09, 2021

  New Delhi: Foreign investors have pulled out Rs 5,936 crore from the Indian equities in the first week of May amid worries over the intense second wave of coronavirus infection and its fallout on the economy. Foreign investors had pulled out Rs 9,659 crore in...

Bill and Melinda Gates to divorce,at stake is one of the world’s greatest fortunes valued at $145.8 billion 

Facts       May 04, 2021

  Bill and Melinda Gates said on Monday that they were divorcing after 27 years of marriage. “After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the two said in a statement...

FPIs turn net sellers after 6 months; withdraw Rs 9,659 crore in April

Indian News       May 02, 2021

  New Delhi: Snapping their six-month buying spree, foreign investors turned net sellers in April and pulled out Rs 9,659 crore from Indian equities, spooked by the intense second wave of coronavirus and its fallout on the economy. If the fears of COVID-19 increases among foreign...

MFs add 8.1 mn investors account in FY21, experts hopeful of growth

Indian News       Apr 25, 2021

  Mumbai: The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore,and experts hope that the healthy growth in folios would continue in the ongoing fiscal also. The industry had added 72.89 lakh investor accounts in...

Crypto-rich investors snap up virtual real estate

Facts       Apr 19, 2021

  LONDON: What do you do with a US$69 million artwork that doesn't physically exist? That's the question faced by the Singapore-based investor calling himself Metakovan, who made headlines last month when he bought the digital artwork Everydays: The First 5000 Days by the American artist...

Gold imports up by 22.58% to $34.6 billion in 2020-21, CAD takes a beating

Indian News       Apr 18, 2021

  New Delhi: Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during...

World stocks at record high, oil up on strong China, United States data

International News       Apr 16, 2021

Global stocks hit a record high on Friday and oil climbed after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the coronavirus-induced slump. Government stimulus, a string of strong corporate earnings releases and the signs of economic recovery in...

Citi to exit consumer banking biz in India; to focus on institutional segment

Indian News       Apr 15, 2021

Mumbai: American banking major Citibank on Thursday announced exiting the high visibility consumer banking business in India as part of a global strategy. The consumer banking business comprises credit cards, retail banking, home loans and wealth management. The bank will be exiting the segment in...

Mutual fund assets soar 41% to Rs 31.43 lakh cr in FY'21

Indian News       Apr 09, 2021

  Mumbai: Assets under management with the mutual fund industry jumped a whopping 41 per cent in fiscal 2021 to Rs 31.43 lakh crore, despite a minor 1 per cent decline in March, says a report. The 1 per cent decline in assets on monthly basis...

For the rich, living in Asia costlier than anyplace; Shanghai priciest city

Facts       Apr 09, 2021

  If you’re wealthy, Asia Pacific is the most expensive place to live in, with Shanghai overtaking Hong Kong as the priciest city in the world. Those are some of the key findings from a Julius Baer Group Ltd. report about luxury lifestyles released Friday, which...

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