Wealth Management

Mukesh Ambani,chairman, Reliance Industries

Mukesh Ambani eclipses Europe's wealthiest man, becomes world's 4th richest

Facts       Aug 08, 2020

Mukesh Ambani has surged past Europe’s wealthiest man, making him the world’s fourth-richest person. Reliance Industries Ltd’s chairman is now worth $80.6 billion, after amassing $22 billion this year, according to the Bloomberg Billionaires Index. That gives him a bigger wealth pile than France’s Bernard...

Sun Life opens Singapore branch,to focus on 8 markets in the region

International News       Aug 07, 2020

  Singapore: Canada based Sun Life Financial Inc, global life insurer and asset manager,today announced it has opened a branch in Singapore to offer life insurance solutions to high net worth clients.The announcement follows final license approval from the Monetary Authority of Singapore in May 2020....

Shaktikanta Das,Governor, Reserve Bank of India

RBI holds rates amid rising inflation,unveils steps to revive Indian economy

Indian News       Aug 06, 2020

MUMBAI: India’s central bank unexpectedly kept interest rates on hold on Thursday, amid a recent rise in retail consumer prices, and said it would ensure inflation remains within its target range. The repo rate currently stands at 4.0% and the reverse repo rate at 3.35%.Two-thirds...

FPIs net buyers for second consecutive month in Jul;invest Rs 3,301 cr

Indian News       Aug 02, 2020

New Delhi: Foreign portfolio investors (FPI) remained net buyers for the second consecutive month in July by pumping in Rs 3,301 crore in Indian markets amid hopes of a coronavirus vaccine. According to the depositories data, a net sum of Rs 7,563 crore was invested...

India's 2020 gold demand may hit 26-yr low as prices rally: WGC

Indian News       Jul 31, 2020

New Delhi: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday. Lower demand...

Chinese discounts hit record as pandemic hammers physical demand

Facts       Jul 31, 2020

  BENGALURU/MUMBAI: Chinese gold dealers were forced to offer the steepest-ever discounts this week as physical demand plunged, while the Indian market flipped to a premium again. Discounts of $42-$88 per ounce were offered versus global benchmark rates in top consumer China, against last week’s $20-$37...

Indian equity mutual funds face first monthly withdrawal in 4 years

Indian News       Jul 28, 2020

  Mumbai: Equity mutual funds in India may witness their first monthly net outflows in more than four years as investors continue to cash out to tide over the pandemic-related credit crunch, while others hold off adding more in a rising stock market. Net withdrawals from...

MFs log Rs 1.24 lakh crore inflows in June quarter on strong interest in liquid, arbitrage funds

      Jul 27, 2020

  New Delhi: Investors pumped in Rs 1.24 lakh crore into various mutual fund schemes in three months ended June 2020, with liquid and arbitrage segments contributing the most to the inflow. This follows an outflow of over Rs 94,200 crore into mutual fund (MF) products...

FPIs remain net sellers in Indian mkts, withdraw Rs 86 cr in July so far

Indian News       Jul 26, 2020

New Delhi: FPIs remain net sellers in Indian mkts, withdraw Rs 86 cr in July so farForeign portfolio investors (FPIs) remained net sellers in Indian markets in July so far on account of both domestic and global factors, including rising number of coronavirus cases and...

Mukesh Ambani,chairman,Reliance Industries Ltd.

With $77 billion,Mukesh Ambani is now world's 5th richest person

Facts       Jul 24, 2020

  New York: For years,the world’s five richest people comprised a little-changed group dominated by Americans,a European or two and, occasionally, a Mexican. That changed on Thursday, when India’s Mukesh Ambani overtook Steve Ballmer to become the fifth-wealthiest person on the planet, with a net worth...

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