Bitcoin, Ethereum Keep Crypto Buzz Going
Digital currencies continue to feed off speculative trends far from anything material.
Digital currencies continue to feed off speculative trends far from anything material.
The quota reserved for QIBs was booked 1.35 times, while the NIIs and retail categories were subscribed 2.35 and 7.6 times, respectively.
Despite growth in their net wealth, ultra-high-net-worth individuals (UHNI) and high net worth individuals (HNIs) contributed less towards philanthropy.
Investment vehicles operated by billionaires and ultra HNIs are expected to contribute around 30% of the estimated $100 billion to be raised by startups in India by 2025.
The leading Swiss wealth management group expects that just like it did after the global financial crisis, discretionary spending will recover after Covid-19 abates.
A potential tiff between regulators, policy restrictions, and likely legal hassles have delayed the proposed launch of foreign currency accounts by a slew of banks.
According to CRISIL Research, the Indian mutual fund industry’s assets under management can touch the ₹50 lakh crore mark by March 2025, and multiple triggers will aid this massive growth.
Indices see biggest single-day fall in four years in first full trading day after the Union Budget was unveiled. The BSE Sensex closed 907 points lower, while NSE’s Nifty50 slipped 207 points.
Most of the wealth invested in primary businesses or wealth funds, study finds
Boston Consulting Group projects India’s personal financial wealth to grow to $5 trillion by 2022.