Search For "asset"
Gold demand in India surges post duty cut, Global market brace for US elec
Updated : 1 year, 8 months ago IST
The global shift towards gold as a hedge against macroeconomic risks is also being reflected in India. The uncertainty surrounding the US election and potential rate cuts has driven up demand for safe-haven assets like gold.
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Chinese regional banks sell mortgaged assets amid property sector bad loan
Updated : 1 year, 8 months ago IST
Amid a declining property market in China, regional banks are offloading non-performing real estate loans despite government pressure to support the housing sector. As of June 2024, non-performing industrial loans at local banks surged, prompting significant asset sales to manage bad debts.
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Private credit market in India sees robust growth in H1 CY2024 with USD 6
Updated : 1 year, 8 months ago IST
The momentum seen in H1 CY2024 has already outpaced the deal flow of the previous year, showcasing the growing interest and activity in the private credit sector.
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FPIs inject Rs 10,980 crore into Indian equities in first week of Septembe
Updated : 1 year, 8 months ago IST
Indian stock markets opened September on a strong note, supported by robust investments from foreign investors during the first week of the month.
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Himachal Assembly adopt resolution for legal cannabis cultivation in state
Updated : 1 year, 8 months ago IST
The committee proposed the cultivation of cannabis for medicinal and industrial purposes, highlighting its potential as an economic asset for the state.
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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 8 months ago IST
The reserves have been on an upward trend for some time. In 2024 alone, they have risen by over USD 60 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
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India's Financial Services need to grow 20X to achieve $30 trn GDP by 2047
Updated : 1 year, 8 months ago IST
Despite the robust current state of India's banking system--characterized by high profitability, strong capital adequacy, and low non-performing assets (NPAs)--the sector faces challenges and opportunities to sustain its growth and support national economic ambitions.
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Ahead of PMs visit, Singapore-based CapitalLand announces to double funds
Updated : 1 year, 8 months ago IST
Lee Chee Koon, Group Chief Executive Officer, CLI said, "India is a strategic market for us and a key contributor to CLI's overall business. India has been one of our fastest-growing markets, where our investments have tripled in the last seven years. With India's GDP forecasted to grow 7 pe
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Transition from a nation of savers to investors marks a paradigm shift: PF
Updated : 1 year, 8 months ago IST
Deepak Mohanty, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said that the share of cash and bank deposits in household financial assets is declining, while investments in bonds and equities are rising in the recent years, alongside a steady increase in f
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Azentio to lead insurance technology modernization through the acquisition
Updated : 1 year, 8 months ago IST
Singapore, September 3: Azentio Software ("Azentio"), a leading end-to-end software company specializing in the BFSI sector, today announced the completion of the acquisition of software assets and intellectual property (IP) of iMOTOR and Pysurance from two Kuwait-based software product comp
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Adani Green and TotalEnergies form joint venture to manage 1,150 MW solar
Updated : 1 year, 8 months ago IST
These projects are part of the world's largest renewable energy plant located in Khavda, Gujarat. AGEL will contribute its existing assets to the JV, while TotalEnergies will invest USD 444 million to accelerate the development of these projects.
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Congress labels office for profit charge against SEBI Chairperson Madhabi
Updated : 1 year, 8 months ago IST
In a press conference in New Delhi on Monday, Pawan Khera, Chairman, Media and Publicity Department, Congress, charged Buch of receiving regular income from private lender ICICI Bank and ICICI Prudential, while being the whole-time member and later Chairperson of the capital markets
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