Finance minister Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India’s enormous investment opportunities. Sitharaman addressed a roundtable on “Investment Opportunities in India” at the New York Stock Exchange (NYSE), the world’s oldest and … Read more
Earlier this week, Union Finance Minister Nirmala Sitharaman encouraged financial institutions to develop innovative deposit products to enhance customer attraction. In the latest RBI Bulletin, released on Monday, Governor Shaktikanta Das also highlighted that the share of bank deposits has declined with households allocating savings to mutual funds and pension funds. “It is observed that … Read more
Mumbai: Pension funds, driven by the National Pension System (NPS), continue to deploy money in sovereign debt, with the sector’s ownership of government bonds climbing to a record 4.4%, or ₹4.67 lakh crore, in the last quarter of 2023, up from 3.91%, or ₹3.66 lakh crore, a year ago, as per latest Reserve Bank of … Read more
BFSI firm Centrum Group (Centrum) on Thursday appointed Manish Jain as Head of its fund management businesses. He will lead and manage Centrum’s Portfolio Management Services (PMS) and non-discretionary equity advisory verticals. Jain comes with a proven track record of over 20 years in the Indian equities market, managing equity funds, driving high quality equity … Read more
Union Minister Nitin Gadkari on Thursday said the Rs100 lakh crore-Gatishakti scheme will provide a framework for the National Infrastructure Pipeline programme and make Indian products more competitive by cutting down logistic costs and improving supply chains. Addressing the American Chamber of Commerce’s (AMCHAM) 29th AGM, Gadkari also sought investments in the road sector from … Read more