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HIGH NETWORTH HOUSEHOLDS
RBI widens direct equity access for overseas investors, doubles investment limits under PISThe RBI has doubled investment limits for overseas individual investors under the Portfolio Investment Scheme and extended direct equity ac...- Superstar with Rs 2,700 crore networth used to earn Rs 4000-Rs 5000 per month once : 'I came to the industry to earn money....'Akshay Kumar reminisced about his humble beginnings in Chandni Chowk, where laughter was a constant amidst a large family. A chance modelin...
- India's multi-crorepatis: Wealth piles up at the baseIndia is witnessing rapid wealth creation at the millionaire level. The number of millionaire households has surged significantly. However,...
- Groceries, haircuts, & restaurant bills: IT dept wants details on your spending spreeThe income tax department is investigating low bank withdrawals by high-income individuals and seeking detailed monthly expense reports. No...
- Retail investors, live long and prosperIndividual investors now own more common stock than insurance companies, a far cry from the time when LIC was the sole point of exposure fo...
- Second COVID wave impacts bank deposits, currency holding with public: RBI articleBank deposits -- having a share of around 55 per cent in total assets of households -- decelerated by 0.1 per cent at end-April 2021 on a m...
- DusMinute picks up $1.1 million in funding led by Indian Angel NetworkThe Bengaluru based startup sets up in-society stores allowing residents to walk in and buy products, or order them through its app.
- Household wealth more than doubles to $12.6 tn in 2019: Credit SuisseThe startling report comes at a time when many analysts are concerned over almost all the key indicators are heading south or even contract...
- Population of wealthy Indians to grow 71% by 2022: ReportThe country is also expected to become the third largest contributor in Asia with respect to wealthy population after China and Japan.
- No of rich households grows 12% but wealth only 5% in 2017The number of ultra-high networth households in the country, which represents those with a networth of over Rs 25 crore or more, has grown ...
- Indian 146,600 super rich households have younger members; to touch 294,000 by FY21: Kotak Wealth ManagementThe Ultra High Networth Households represent net worth of Rs 135 lakh crore, a growth of 5% over last year and 18% compounded growth over t...
- India's super rich dump fixed income assets for stocksAccording to a report, number of ultra high networth households (HNH) went up by 17.2% in 2014-15 to 1,37,100 from a year ago.
- ArthVeda to raise Rs 2,000 crore under 'ASHA' fund series to invest in affordable housing projects across IndiaThe ASHA series will be Arth-Veda’s fourth fund since 2007, when it launched Dreams.
- India has fourth largest ultra-high-net-worth households: ReportUS remains the country with the largest number of UHNW households at 5,201, followed by China, the UK, India and Germany in 2014, it said.
- Citibank India to join hands with Appolo Munich for offering healthcare solutions to high networth clientsCitibank India, has joined hands along with Appolo Munich to offer healthcare solutions to its affluent and high networth clients from now ...
- Ultra HNIs pessimistic about economic recovery: Kotak-CRISIL studyHigh-networth Households (HNHs) in India have become cautious while making discretionary purchases.
- Insurance companies ready to cover the estate tax if government reintroduces itIt will be a part of the whole life policy and the individual will pay a premium, which will depend on the value of the estate.
- Almost all Indians have wealth below $10,000: Credit SuisseIndia has 2.4 lakh HNIs, of which 1,500 have wealth over $50 mn and 700 with more than $100 mn, according to a recent Credit Suisse global ...
- Competition in wealth management space to hot up: ReportThe number of such households, which grew by 19,000 to 81,000 last year, is expected to grow to 2.86 lakh by FY17.
- HNIs betting their money on commercial real estateThe super rich in India are not just buying trophy homes, but they also betting their money on preleased commercial properties offering goo...
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