Wealth Management

India, China get richer as virus drags on US, Credit Suisse says

International News       Oct 23, 2020

  The pandemic that’s led to greater than 1 million deaths globally has additionally led to a decline in particular person wealth, but family wealth largely held up and even elevated in China and India. That’s one of many fundamental findings in Credit Suisse Group AG’s...

Lto R- LIC's MR Kumar,Chairman,Vipin Anand,MD,MK Gupta,MD at the launch of its New Jeevan Shanti plan

LIC launches Deferred Annuity plan with 5.5 % guarantee

Indian News       Oct 21, 2020

  Mumbai: In the days of falling interest rate, the life insurance behemoth Life Insurance Corporation(LIC) has launched a non-linked, non-participating, individual, single premium, deferred annuity plan-New Jeevan Shanti plan- offering an average guranteed annuity rate of 5.5% along with a risk cover..  The annuity rates...

Stock market boom, new listings mint China billionaires at record pace

International News       Oct 20, 2020

  SHANGHAI: China is minting new billionaires at a record pace despite an economy bruised by the coronavirus pandemic, thanks to booming share prices and a spate of new stock listings, according to a list released on Tuesday. The Hurun China Rich List 2020 also highlights...

Indian gold dealers stock up, hope to usher in festive glitter

Indian News       Oct 16, 2020

BENGALURU/MUMBAI: Physical gold dealers in India continued to stock up this week ahead of an expected festival sales bump, while the Golden Week in top consumer China did little to revive bullion demand.Gold is considered an intrinsic part of Indian festivals such as Dussehra in...

Supratim Bandyopadhyay,Chairman,PFRDA

NPS assets exceed Rs 5 trillion, decisions on higher fees and guaranteed products soon

Indian News       Oct 15, 2020

  New Delhi: Even as the National Pension System(NPS ) is getting ready to add more pension fund managers by offering higher fees,the total assets under management in the segment  and Atal Pension Yojana(APY) have crossed Rs 5 lakh crore. Besides, PFRDA hopes to hit a...

SIP inflows drop for 6th month in Sept; investors prefer to maintain liquidity

Indian News       Oct 13, 2020

New Delhi: Investment in mutual funds through SIPs remained lacklustre with inflow dropping for the sixth-consecutive month to Rs 7,788 crore in September amid challenging economic environment. The trend is expected to reverse only slowly as investors feel more confident to save more once their...

Why some millennials can't manage money: Financial literacy low in Asia

Articles       Oct 12, 2020

  By  Anjani Trivedi In 2008, Jackie and I arrived at our investment banking jobs on Wall Street. Fresh out of college, we were now among the top earners in our peer group. Twenty-hours-plus daily, most days of the week, working hard on pitchbooks, models and...

Debt MFs log outflow for 2nd consecutive month on liquid funds withdrawal

Indian News       Oct 11, 2020

  New Delhi: Debt-oriented mutual fund schemes witnessed a net outflow of over Rs 51,900 crore in September, making it the second consecutive monthly withdrawal, largely on the back of a massive pullout from liquid category. Morningstar India Associate Director - Manager Research Himanshu Srivastava said...

Shaktikanta Das, Governor,RBI

No chage of rates for now,GDP likely to contract by 9.5% in 2021;RBI

Indian News       Oct 09, 2020

  MUMBAI The Reserve Bank of India (RBI) left key interest rates unchanged on Friday as widely expected, while retaining an accomodative monetary policy stance to support the coronavirus-hit economy. The monetary policy committee kept the repo rate, its key lending rate, at 4.0%, while the...

Mukesh Ambani, chairman, Reliance Industries

India’s 100 richest gains wealth despite Pandemic,Mukesh Ambani's fortune rises by $37.3 bn to $88.7 bn

Indian News       Oct 08, 2020

  Singapore: Amid the Covid-19 pandemic which hit India hard and led to a sharp economic contraction, half of the nation’s 100 richest on the 2020 Forbes India Rich List saw gains. Their collective net worth rose 14% to $517.5 billion from a year earlier, even...

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