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KOTAK WEALTH CRISIL
India may cheer an Iran deal, but peace in Hormuz won’t refill its emptying economic tankThe economic horizon of India is clouded by a dual predicament characterized by a lack of financial resources and innovative ideas. While r...
Modi wants Indians to press pause on gold. But the $5.2 trillion obsession runs deepIndia’s attempt to protect the rupee is now colliding with one of the country’s strongest cultural habits — buying gold. After Prime Minist...
InCred Holdings files updated draft IPO papers with Sebi; eyes Rs 1,250 cr via fresh issueRetail-focused NBFC InCred Holdings has filed updated draft papers with Sebi for its proposed IPO, aiming for a valuation of around Rs 15,0...
Kotak, Federal Bank in talks to acquire Deutsche Bank's India retail & wealth portfoliosKotak Mahindra Bank and Federal Bank are negotiating to buy Deutsche Bank’s India retail and wealth portfolios as the German lender seeks a...
Valuequest, 360 One and Kotak AIF invest in GK Energy's pre-IPO round of Rs 100 croreGK Energy is India’s largest pure-play EPC provider for solar-powered agricultural water pump systems under the PM-KUSUM scheme. Backed by ...
UTI AMC files papers for IPO with SebiThe issue consists of an OFS by shareholders including SBI, BoB, LIC, PNB and T Rowe Price.
Bullish on MCX and Alembic: G Chokkalingam, Equinomics Research & AdvisoryAn important point is that in April-June quarter this year, for the first time in the recent time after the taxes were imposed on the trans...
Investors hungry for higher returns allocating money to credit opportunity fundsInvestors hungry for higher returns from debt funds are allocating money to credit opportunity funds.
Sahara group to launch luxury clubs with membership fees upto Rs 30 croreSahara group is planning to launch this chain of clubs in India as well as overseas under a different brand name.
Ultra HNIs pessimistic about economic recovery: Kotak-CRISIL studyHigh-networth Households (HNHs) in India have become cautious while making discretionary purchases.
- Bajaj Finserv plans to enter wealth management business soon
With the number of rich and high net worth individuals estimated to rise, diversified financial company Bajaj Finserv is targeting to enter...
Premium concierge firms like Les Concierges Services, Quintessentially Lifestyle satisfy the bizarre demands of high net worth individualsFrom an elephant at your doorstep to a polo game with a maharaja or any other bizzare fancy, premium concierge firms are here to help.
- Competition in wealth management space to hot up: Report
The number of such households, which grew by 19,000 to 81,000 last year, is expected to grow to 2.86 lakh by FY17.
65% ultra HNIs take loan to buy cars for tax reasons, says Kotak Wealth Management and Crisil joint studyHNIs buy the car in their company's name to avail of tax benefits arising due to interest and depreciation deduction.
- Luxury stores like Burberry, Genesis Luxury moving to smaller towns, says CII-AT Kearney report
One out of every four luxury stores in India has come up outside Mumbai, Delhi and Bangalore, says a CII-AT Kearney report.
- India's most famous investor Rakesh Jhunjhunwala pledges to give away 25% of his wealth, sets a $1 bn corpus target for it
He has set a 2020 corpus target of $1 billion (about Rs 4,400 crore) for his foundation, which is currently inactive.
- HNIs betting their money on commercial real estate
The super rich in India are not just buying trophy homes, but they also betting their money on preleased commercial properties offering goo...
- India HNI wealth to grow 5-fold: Kotak Wealth-Crisil
Kotak Wealth-Crisil joins the big league of forecasters with the launch of its first volume of ‘Wealthy Indians’
- Ultra HNI segment to treble in 5 years; growth to come from small towns: Report
Presently, 90% of the UHNIs wealth resides in the top ten cities of the country, however going ahead, the growth will come more from the sm...
- MFs offer crop funds for high yields
Credit opportunities funds, or crop funds, are structured to deliver higher returns by taking exposure to relatively low-rated, but high-yi...