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MUTUAL FUNDS NEWS
Average SIP ticket size rises 2% in April to Rs 2,341
Wed, May 22, 2024     Source : Economic Times
The average SIP ticket size has increased by 2% on a month-on-month basis to Rs 2,341 in April from Rs 2,295 in March.
INSURANCE NEWS
Insurance market set for competitive premiums under new IRDAI commission norms
Wed, May 22, 2024     Source : Business Line
The new guidelines mandate board-approved policies to ensure intermediaries act ethically and in customers’ best interests, which could result in lower premiums and enhanced trust
INSURANCE NEWS
IPL insurance claims hit Rs 150 crore
Wed, May 22, 2024     Source : Economic Times
Insurers are facing a surge in claims from the IPL cricket tournament after a gap of five years. So far, insurers have received around Rs 150 crore in claims from IPL due to rain-related match washouts and...
MUTUAL FUNDS NEWS
Kotak Mutual Fund launches Nifty 100 Low Volatility 30 Index Fund
Wed, May 22, 2024     Source : Business Standard
The new fund offering will remain open for subscription till May 31
NEWS
In a first, BSE M-cap tops $5 trillion; high valuation a worry
Wed, May 22, 2024     Source : Business Line
Number of companies trading at more than 50 times the 12-month forward price-to-earnings multiples has increased 10x over the past decade
NEWS
Nifty Midcap 150 hits another high; Vix hints at some fear
Wed, May 22, 2024     Source : Economic Times
The Nifty Midcap 150 index hit an all-time high on Tuesday, extending its recent record-breaking run led by a run-up in shares of public sector companies.
NEWS
HSBC and StanChart step up GIFT City play, buy stakes in CCIL-IFSC
Wed, May 22, 2024     Source : Economic Times
British lenders HSBC and Standard Chartered have acquired stakes in the Clearing Corporation of India-IFSC, which is the proposed entity to operate a real-time foreign currency settlement system at GIFT Ci...
NEWS
SEBI issues ‘unaffected price’ concept, other guidelines to help mitigate impact of market rumors on stock prices
Wed, May 22, 2024     Source : Mint
Capital markets regulator Securities and Exchange Board of India (SEBI) on Tuesday issued a new set of guidelines for reducing the impact of market rumours on stock prices.
NEWS
Inflation seen closer to target in FY26: RBI's state of the economy report
Wed, May 22, 2024     Source : Business Standard
The report says there is a growing optimism that India is on the cusp of a long-awaited economic take-off
NEWS
Sebi eases minimum promoter contribution norms to boost IPO process
Wed, May 22, 2024     Source : Business Standard
Sebi has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in case of a shortfall without being identified as a promoter
NEWS
104 firms trade at over 50x PE, 9 with 100x-plus
Wed, May 22, 2024     Source : Financial Express
Kotak report says stock valuations not sustainable
NEWS
FM Nirmala Sitharaman asks ICAI to set up 'Big 4'- like Indian firm
Wed, May 22, 2024     Source : Business Standard
Interacting with the ICAI in Patna, Sitharaman sought a commitment from them to start work on the same as part of their 100-day agenda for Viksit Bharat by 2047
NEWS
India eyes Rs.1 lakh crore bonanza from central bank, aiding budget
Wed, May 22, 2024     Source : Mint
India’s central bank is expected to pay up to ?1 lakh crore ($12 billion) as dividend to the federal government, economists said, a move that would boost New Delhi’s coffers and help meet its budget defici...
NEWS
Central bank bought net $13.2 billion in spot forex market in March
Wed, May 22, 2024     Source : Financial Express
The rupee depreciated by 0.49 paise to 83.40 in March. Simultaneously, India’s foreign exchange reserves rose by $20 billion.
NEWS
Finance Ministry asks PSBs to review their IT disaster preparedness
Wed, May 22, 2024     Source : Business Standard
Initially, the government directed major banks such as SBI, BOB and Canara Bank to assess their disaster recovery systems
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