Fortunes of investment banks dominant in initial public offers may deteriorate as the regulator attempts to split their roles in due diligence of a company before the share sale, and marketing the issue to investors, said two people familiar with the plans. A panel appointed by the Securities & Exchange Board of India will probably […]
In order to hedge risk in the falling interest rate and equity market scenario, the Insurance Regulatory and Development Authority ( Irda) is planning to allow insurance companies to invest in derivatives such as equity futures and options, credit default swaps, stock indexed options, commodity futures in gold and silver and interest rate swaps http://economictimes.indiatimes.com/personal-finance/insurance/insurance-regulatory-and-development-authority-may-allow-insurers-to-invest-in-derivatives-commodity-futures-in-gold-and-silver/articleshow/10148880.cms
To give a fillip to the sagging stock market, the Government is considering a cut in the Securities Transaction Tax (STT). The Finance Ministry, too, is considering a rationalised and uniform stamp duty on securities transactions. News about the reduction and rationalisation of duty and taxes cheered the market. http://www.thehindubusinessline.com/industry-and-economy/government-and-policy/article2487555.ece?homepage=true
A new survey found that the average age of wealthy people is 36 years, and 20 per cent of them are single in China. The survey found that China has the highest proportion of “double income no kids” at 18 per cent, the Independent reports. http://www.financialexpress.com/news/wealthy-indians-average-age-is-39/850727/
Amid rising disposable income levels and better health, education and housing conditions, as much as 85 per cent of middle income earners in India feel a greater need for additional insurance to protect their lifestyles, according to a survey. According to the ING Investor Dashboard Survey for the second quarter of 2011, more than 75 […]
The much-awaited bancassurance guidelines might take some more time to come out. The regulator is considering the reaction to certain issues, such as protests from bank-backed insurance companies and the Life Insurance Corporation of India (LIC). The bancassurance report, which came out in June, recommended that banks be allowed to tie-up with two types of […]
The growth and evolution of the industry over a period of time has also witnessed a change in the behaviour and demand pattern of high networth clients. The Indian high networth individual class has evolved from being a homogenous group to a relatively heterogeneous one. In the past, high net-worth individuals were typically second- and […]
Call it a professional hazard. Most of my meetings with friends start with a standard line: hey, I was thinking of calling you. Would you please give me numbers of some good financial planners or advisors? Nothing wrong with the request per se, considering I write on the topic. But the trouble is that we […]
Standard & Poor’s Ratings Services on Monday downgraded Italy’s credit rating by one notch, saying it sees weakening economic growth prospects for the European nation and higher-than-expected levels of government debt. The ratings firm cut Italy’s long- and short-term sovereign credit ratings to “A/A-1” from “A+/A-1+.” The rating is still five steps http://businesstoday.intoday.in/story/sandp-downgrades-italys-credit-rating-a-notch/1/18777.html?source=BT200911
The general insurance industry is estimated to grow by over 18 per cent to reach a size of Rs 90,000 crore by 2015, industry chamber Assocham said. The current size of the non-life industry is Rs 47,000 crore. Motor insurance would continue to remain the largest category, contributing over 40 per cent of industry premiums, […]
