Articles for tag: Economic, Growth, Indias, Management, Partnerships, Profits, Sanlam, Seizing, Soar, Strategic, Transformation, Ventures, Wealth

September 5, 2024

Sanlam ventures into India’s wealth management, seizing growth amid economic transformation, as its profits soar on strategic partnerships.

Sanlam Ltd., Africa’s largest insurer, is set to expand into India’s rapidly growing asset and wealth management sector. Building on its initial partnership with Shriram Capital Group established in 2005, Sanlam plans to launch a joint venture that focuses on wealth and advisory services. CEO Paul Hanratty highlighted that many Indians are starting to save ...

September 4, 2024

Market News

Business

India and the UK are on the brink of finalizing a crucial Free Trade Agreement, enhancing their strategic partnership for economic growth.

The Free Trade Agreement (FTA) between India and the UK is nearing completion, according to B.V.R. Subrahmanyam, CEO of NITI Aayog. Launched in January 2022, talks had stalled due to elections in both countries. The FTA aims to boost the current GBP 38.1 billion annual trade relationship. Recent agreements, like the UK-India Infrastructure Financing Bridge, ...

September 4, 2024

Market News

Business

India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth

The Finance Ministry has announced relaxed spending norms for capital expenditures over Rs 500 crore, aiming to boost this fiscal year’s capital expenditure, which is set at an ambitious Rs 11.11 trillion. This decision comes as government spending slowed down during the recent general elections. Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital ...

September 3, 2024

Market News

Business

Rising Incomes Spark Household Savings Rebound in India’s Economic Landscape

RBI Deputy Governor Michael Patra addressed the CII Financing Summit, discussing trends in household savings and financial assets in India. He pointed out that net household savings as a percentage of GDP have decreased significantly, partly due to changes in spending behavior and a shift towards physical assets like housing. Despite this decline, household savings ...

September 3, 2024

Market News

Business

Indian Bond Yields Steady Amidst Anticipation of US Economic Signals

Indian government bond yields are expected to remain stable at the opening of trade on Tuesday, fluctuating between 6.85 and 6.89 percent, following a previous close of 6.8754 percent. Traders are closely watching U.S. economic data and the Federal Reserve’s upcoming rate decisions, which will impact Market trends. U.S. Treasury yields have recently increased as ...

September 3, 2024

Market News

Business

India’s Billionaires Hit .19 Trillion Amidst Economic Challenges

India’s Billionaires Hit $1.19 Trillion Amidst Economic Challenges

A recent report by Fortune India reveals that the collective wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion (about Rs 99.86 trillion). This marks a significant 50% increase from $832 billion in 2022, with the number of dollar billionaires in India rising to 185. Mukesh Ambani leads the rankings ...

September 1, 2024

Market News

Business

China’s Housing Crisis Deepens: Real Estate Sales Plummet Amid Economic Struggles

China’s real estate Market is facing a severe downturn, with new-home sales plummeting by 26.8% in August compared to last year, reaching 251 billion yuan ($35.4 billion). This decline is more significant than the previous month’s drop and reflects the fading effects of a recent rescue package. In response, at least 10 cities have adjusted ...

September 1, 2024

Market News

Business

Market Soars: Bulls Anticipate Rate Cuts Amid Global Economic Shifts

This week, stock Market movements will be influenced by global trends, economic data releases, and foreign investor activities. Analysts highlight the importance of institutional flows, with expectations of a potential U.S. Federal Reserve rate cut boosting investor confidence. The benchmark indices have seen impressive gains recently, with the BSE and Nifty reaching all-time highs. Key ...

September 1, 2024

Market News

Business

LPG Prices Surge: A Shift Amidst Market Turmoil and Economic Forces

Oil Marketing companies have recently raised the price of a 19 kg commercial LPG cylinder by Rs 39, making the new price in Delhi Rs 1,691.50. This increase follows previous reductions, where the price was lowered multiple times since May. Back in July, companies had cut the cylinder price by Rs 30 to Rs 1,646, ...

August 31, 2024

Market News

Business

India’s Moment: Modi’s Vision for Economic Lift-Off and Global Leadership

Prime Minister Narendra Modi recently addressed the ET World Leaders Forum, highlighting India as a land of vast opportunities. He emphasized his government’s commitment to facilitating business growth, implementing reforms, and ensuring a stable policy environment. Modi urged investors to focus on innovation and high-quality products, assuring them that India respects and values wealth creators. ...