Hnis
Hnis News
HNIs increasingly investing in passive funds; details here
The share of ETFs in the total retail AUM has continued to be flat at around 0.4 per cent since March, 2018. The report has stated that fixed deposit rates have moved higher with hike in interest rates by the Reserve Bank of India (RBI)
Ultra-high net worth individuals in India up to 11%; third in billionaire population globally
India also ranked third in billionaire population globally in 2021. US is number one with with 748 billionaires, followed by Chinese mainland at 554 billionaires and India with 145 billionaires.
Edtech startup Illumnus raises $100K from angel investors, HNIs; plans to expand services in 4 countries
The key investors are a group of HNIs and angel investors from Dubai, UAE, Illumnus said in a statement, without disclosing any details.
IIFL Wealth acquires L&T Finance Holdings' wealth management business for Rs 230 cr; says deal to help expand business
IIFL Wealth Management said the acquisition was for a total cash consideration of Rs 230 crore plus available cash balance of LTCM.
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Is liberalised remittances scheme becoming too liberal warranting a closer look? It is time govt set new limits
The rapidly increasing outbound remittances peaked to $1.69 billion in July (for a single month) 2019
Sensex plummets 793 points on Budget woes, global selloff; HDFC Bank, L&T, Bajaj Finance among major losers
Top losers in the Sensex pack included Bajaj Finance, ONGC, NTPC, Hero MotoCorp and Maruti, falling up to 8.18 percent.
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Angel tax concerns: Startups required to seek tax exemption from inter-ministerial board, says govt
Several startups have raised concerns on taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of funds received by an entity.
Investment limit hike for EB-5 visa not likely till December; to cost $1 mn-3 mn: US official
The employment-based fifth preference category (EB-5) visa is meant for high networth individuals (HNIs) to earn the Green Card which offers permanent residency in the US for themselves and their immediate family through a one-time minimum investment of $00,000 into a new business that creates 10 or more jobs for the Americans.
Bitcoin rally: Income tax notices slapped on 4-5 lakh wealthy investors, evaders will have to pay capital gains tax
The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.
Bitcoin rally: Income tax sleuths conduct surveys on 9 major exchanges, detect HNI entries
Sleuths detected a number of high net worth individuals (HNIs) and customer IDs in these databases and prima facie about 20-25 lakh such entities have been traced.
Mumbai is India's richest city with $820 bn; Delhi distant second with $450 bn
The list also includes Hyderabad with a total wealth of $310 billion. Hyderabad is home to 9,000 millionaires and six billionaires.
Rs 10,000 cr Startup India fund: Who actually benefitted from this ambitious scheme?
The biggest lacuna about the ambitious 10,000 crore startup fund is that it did not lay out any steps on how it was going to achieve its objective.
Portfolio managers' asset base rise for 8th straight month, up at Rs 11.4 lakh cr in Aug-end
Asset base of portfolio managers, who mostly manage investments or provide advisory services to High Networth Individuals, stood at Rs 9.7 lakh crore in August 2015
Gold Monetisation Scheme: Why are religious shrines, HNIs not in a hurry to part with the yellow metal?
The rich and High Net Worth Individuals are staying away fearing the taxman might come calling on the heavy deposits they have made under GMS
Chased by banks, indebted midcaps cut informal deals with high networth individuals
With banks stepping up the pressure on stressed borrowers ahead of the financial year ending, many debt-laden midcap firms are learnt to be striking informal deals with high networth individuals (HNIs) for funds.
Foreign investments via P-Notes drop to Rs 2.54 lakh crore in November
Value of P-Notes investment in Indian markets declined to Rs 2,54,600 crore at November-end, from Rs 2,58,287 crore in the previous month
Startup funding: Sebi keeps retail investors away but casts HNIs, QIPs as venture capitalists
The SEBI discussion paper believes that by giving considerable latitude to new-age companies, we would be able to keep them in India and not drive them to foreign bourses like NASDAQ of the USA and Singapore stock exchange. May be, but investors in financially literate economies do not suffer fools or crooks
RBI allows 100% foreign investment in Crompton Greaves
Foreign institutional investors are now allowed to invest up to 100 percent of the paid up capital in Crompton Greaves, the RBI said in a notification.<br />