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HNW INDIVIDUALS
Wealth on the Move: How millionaire migration is reshaping global investmentsIndia's wealthy are actively pursuing global residency. Destinations like Greece, Italy, France, Portugal and the UAE offer pathways for in...
Ambit AMC expands AIF portfolio with launch of Ambit Pricing Prowess Fund; details hereAmbit Asset Management has rolled out the Ambit Pricing Prowess Fund, a long-only, open-ended Category III flexi-cap AIF aimed at long-term...
HSBC relaunches private banking in IndiaIndia surpassed the UK as the world's fifth largest economy in 2022 and is expected to overtake Japan and Germany by 2027-28 according to t...
Most affluent individuals in India have set new life goals post-pandemic: SurveyThe survey further said that a pro-active approach can help the affluent regain control. Globally, almost all (94 per cent) of investors wh...
When the Indian HNI realised land, gold not enough to fund retirementAt the end of October 2020, AUM managed by the PMS industry stood at Rs 19.2 lakh crore, up 40% on the October 2017 figure. New PMS provide...
View: India’s investment migration market is growing, with more smart destinations to choose fromThe concept of an alternative residency as a means of hedging one’s sovereign risk is new in India. While India is an exciting destination ...
Yes Bank aims to double credit card customer base in 2 years, grow book by 4-times: Head of credit card business"Overall credit card spends (of the industry) are back to pre-Covid levels. Some banks say 80-90 per cent, for some it is 90 per cent, my g...
NRIs may have to pay tax in India if not paying anywhere else: Budget 2020Budget 2020 has proposed to tax NRIs in India, who are not paying tax anywhere in the world.
Wealth of India’s super rich to rise 87% in 5 years: ReportIndia’s 4,470 ultra-high net worth individuals are richer than their global counterparts.
IIFL Wealth Management acquires Wealth AdvisorsIIFL Wealth Management has assets under advice and distribution of Rs 1.4 lakh crore.
HDFC Bank appoints Rakesh Singh as private banking headHe will continue to head the bank's investment banking, capital markets and financial institutions businesses, the bank said in a statement.
Is investing in banking & PSU debt funds entirely safe?Banking and PSU debt funds portfolio reveals significant exposure to AT1 bonds of weak PSU banks.
Africa's millionaire explosion: The 16 countries where the ultra-wealthy are boomingAccording to a report by New World Wealth, the number of African millionaires has risen at twice the pace of the rest of the world in 15 ye...
Banks main source of family business financing, role of HNWI increasing: KPMG44 per cent of HNWIs have previously invested in a family business and 95 per cent says that it has been a positive experience in compariso...
Local boutique firms target HNIs; offer competition to Barclays, KotakThese desi firms, promoted by top finance and legal professionals, have stormed the wealth management market in the last few months.
RBS launches real estate services for HNIsRBS Financial Services, a part the Royal Bank of Scotland Group, has announced the launch of Real Estate Services (RES) in India.
Women entrepreneurs still trail their male counterparts: ReportIndia has a higher proportion of women entrepreneurs, but the number of women business owners is much below the global average.
- Business dynasties bound to fail: study
"By the time third generation has taken the helm, the problems tend to accumulate," reports a recent study.