According to AMFI, 5 states accounted for ~70% of mutual fund AUM.
Now, the other smaller states has started seeing a surge in mutual fund investments as new entrants enter the markets.
IRDAI will set up an electronic insurance marketplace.
The marketplace will facilitate sale and purchase of life, health and general insurance policies as also policy servicing, claim settlement and grievance redressal. Customers will not have to pay any fee to access this platform.
Reliance becomes 1st listed Indian company to cross Rs 20 lakh crore market cap.
Bloomberg has recommended the inclusion of Indian government bonds in the Bloomberg Emerging Market Local Currency Index.
The inclusion could attract around $5 billion in inflows from both passive and active investors.
P2P firms are slowing down collaborations due to increased scrutiny from RBI.
Sebi is increasing scrutiny on initial public offering (IPO) disclosures, requiring companies to accurately specify the use of funds to prevent circumvention of the mandatory lock-in period for promoter shareholders’ shares post-IPO
Mizuho Bank, the third-largest bank in Japan, has invested ₹1,200 crore to acquire a 15% stake in Credit Saison, a Bengaluru-based non-banking finance company (NBFC).
Indian stocks may see a precipitous fall today following negative cues from the US markets last night. All major US indices fell more than 1.5 percent at close last night following hotter-than-expected inflation data. The S&P 500 and Nasdaq 100 fell 1.4 percent and 1.6 percent respectively recording the biggest CPI-day fall since September 2022.