China to pump $54 billion into state banks, insurers BEIJING: China’s finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.China Life Insurance (Group) Co, the country’s largest life insurer,…
VCs, celebrities bet on AI startups in media, sports NEW DELHI: Artificial intelligence investment is widening beyond enterprise software and chip bets, and one of the areas money is increasingly flowing into is media, entertainment and sports. In India, venture capital firms, private equity investors, family offices and celebrities are backing startups using AI to…
11 companies line up to raise Rs 7,055 crore from investors India’s primary market is heading into another crowded week, with 11 main-board IPOs lined up to collectively raise Rs 7,055 crore between September 7 and September 15.The fundraising calendar brings companies from a range of sectors to the market, from real estate and engineering…
Telangana RERA found that the builder had misrepresented the villa’s total area. (Image for representative purpose only) You give down payment for a home, but at the time of the sale agreement you realise that the builder did not deliver on the promised area that was advertised. What happens then? A recent Telangana RERA ruling…
Where are gold and silver prices headed this week Gold and silver could remain volatile this week as investors weigh US inflation data against changing expectations for interest rates, while crude oil prices and geopolitical developments in the Middle East add to the list of factors influencing bullion markets, analysts said.The focus will be on…
The roots of the resilience lie in India’s domestic consumption-led growth story that provides an important cushion. India’s growth story is a hot topic of discussion these days. How has one of the world’s largest economies managed to cushion the blow of the US-Iran war to still grow at 7.8%? What measures have helped the…
The stock market is likely to remain sensitive to global developments, with the West Asia conflict, crude oil prices and US inflation data emerging as key factors for investors. The stock market is likely to remain sensitive to global cues in the upcoming week, with developments in the Middle East conflict, crude oil prices and…
Onion prices still make eyes water despite Centre’s Rs 35/kg buffer sale The Centre is opening up its onion reserves to keep prices under control, but the intervention is yet to bring down the national average. Despite government’s subsidised onion sale, the average all-India retail price has risen to Rs 50.79 per kg from Rs…
SGBs carry a fixed annual interest rate of 2.50% on the amount initially invested. Investors of Sovereign Gold Bonds (SGBs) are reaping a bonanza with gold prices rallying strongly in the last few years. Despite the recent correction in gold prices, gold bonds are still yielding triple digit returns.The Reserve Bank of India (RBI) has…
FPIs turn sellers again, pull out Rs 7,443 crore from Indian equities in first week of September Foreign portfolio investors (FPIs) turned net sellers of Indian equities in the first week of September, withdrawing Rs 7,443 crore after investing in the market for two consecutive months. The latest selling came as a rebound in crude…
