Wealth Management

China's rich moving out of Hong Kong to seek asset safety elsewhere: Report

International News       May 28, 2020

  Rich Chinese are expected to park fewer funds in Hong Kong on worries that Beijing's proposed national security law for the city could allow mainland authorities to track and seize their wealth, bankers and other industry sources said.   More than half of Hong Kong's estimated...

Gold imports dip for fifth consecutive month in April, fall by almost 100%

Indian News       May 25, 2020

  New Delhi: India's gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavrius outbreak.   The import of the yellow metal stood at...

People more worried about economic crisis than coronavirus, says study

Facts       May 25, 2020

  Indians are more worried about the economic crisis than health issues emanating from coronavirus pandemic, according to an online study conducted by IIM Lucknow on "Understanding public sentiment during lockdown". The study - conducted by Centre for Marketing in Emerging Economies (CMEE) at IIM Lucknow...

Richer in pandemic: Bezos, Musk among US billionaires whose net worth rose

Facts       May 23, 2020

  The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10 per cent during the ongoing Covid-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).   The wealth surge of America's...

Hindujas share second spot with Reuben brothers in UK Rich List 2020

Facts       May 17, 2020

   New Delhi: Two sets of Indian-origin siblings dominate the annual tally of Britain's wealthiest as the Hinduja and Reuben brothers share the second spot with a fortune of 16 billion pounds each, while British inventor-entrepreneur James Dyson tops 'The Sunday Times Rich List 2020' with...

Jeff Bezos could be world’s first trillionaire, followed by Mukesh Ambani in 2033, says study

Facts       May 15, 2020

  Amazon founder and CEO Jeff Bezos could potentially become the worlds first trillionaire as early as 2026, at which point he will be aged 62, says a study.   Despite losing an estimated $38 billion as part of his recent divorce, Bezos is still by far...

Coronavirus to leave a legacy of unprecedented global debt

International News       May 15, 2020

  LONDON:  Enormous doses of stimulus spending are offering relief from coronavirus damage but their lifelong legacy of debt could seed future crises by hobbling economic growth and worsening poverty, especially in developing countries. Central banks and governments worldwide have unleashed at least $15 trillion of...

Global Markets: Asian stocks stumble on fears of second coronavirus wave

International News       May 12, 2020

SYDNEY: Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.   The central Chinese city of Wuhan reported five new cases on...

CEO salary of top 12 MFs increased in the range of 2-132% in 2019-20

Facts       May 03, 2020

  Mumbai: CEO salaries increased at the country's top mutual fund houses during 2019-20 on robust business growth, with HDFC Mutual Fund's Milind Barve being the highest paid executive.   According to an analysis of the data made public by mutual funds, the CEO salary given by...

Why many Indians are adding US stocks to their portfolio

Facts       Apr 29, 2020

The S&P 500 also has almost no correlation with India's markets, making it an ideal hedge for domestic investorsThe weakness in the rupee against the dollar was another draw.   More Indian investors are turning to U.S. stocks to escape tumbling markets at home and pick...

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