 "Hydra Trading sells 1.24% stake in RBL Bank for ₹152 crore, as shares plummet, while Plutus Wealth acquires SpiceJet shares.")
Hydra Trading has sold a 1.24 percent stake in RBL Bank for over Rs 152 crore through an open Market transaction. The sale involved 75.11 lakh shares, averaging Rs 203 each. As of the end of June, Hydra Trading held a 1.25 percent stake in the private lender. Following the transaction, RBL Bank’s shares fell ...
 "Post-pandemic, investors have gained sophistication, boosting the wealth management industry, especially in India, as capital market participation surges.")
Shiv Gupta, the founder and CEO of Sanctum Wealth, shares insights on the evolving wealth management industry in the Asia-Pacific region. Following the pandemic, investors have become increasingly sophisticated, contributing to a rise in capital Market participation and risk-taking. Gupta highlights the tremendous growth of the wealth management sector, especially in India, which is emerging ...
 "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 ...
 "India’s Wealth Titans: Gopichand Hinduja Leads Dramatic NRIs Surge in 2024")
The 2024 Hurun India Rich List highlights 102 Non-Resident Indians (NRIs), making up 79% of India’s self-made billionaires. Gopichand Hinduja and his family lead the list as the wealthiest NRIs, with a staggering net worth of Rs 192,700 crore, primarily through their London-based Hinduja Group. The list also features notable NRIs like LN Mittal, worth ...
 "Billionaire Gautam Adani and his family have topped the 2024 Hurun India Rich List, despite facing allegations from Hindenburg Research last year. Their wealth surged by 95% to Rs 11.61 trillion, dethroning Mukesh Ambani. Adani recorded the highest wealth growth among India’s top ten richest, with significant gains in sectors like ports and energy. The list also highlights Bollywood’s increasing wealth, with Shah Rukh Khan entering for the first time. Overall, India’s billionaires added Rs 28 trillion, representing over half of the nation’s GDP, as the country becomes Asia’s “wealth creation engine.”")
Adani has surpassed Ambani to become India’s richest person according to the latest Hurun list. In an exciting twist, Bollywood superstar Shah Rukh Khan has made his debut on the list. This marks a significant shift in India’s wealth landscape, highlighting the rapid rise of Adani and the enduring popularity of SRK. Read on to ...
Today’s Current Affairs: UK PM Rishi Sunak and Wife Akshata Murty’s Wealth Surges in 2024 Rich List British Prime Minister Rishi Sunak and his wife Akshata Murty have climbed the ranks in the 2024 ‘Sunday Times Rich List’, with their wealth estimated at GBP 651 million. Akshata’s lucrative Infosys shareholding has contributed significantly to their ...
The Wisconsin pension fund has made a bold move by investing $160 million in Bitcoin exchange-traded funds (ETFs). This decision marks a significant step towards embracing cryptocurrency as a legitimate asset class. The fund’s strategic shift reflects a growing trend among institutional investors to diversify their portfolios with digital assets. With this new investment, the ...
Discover the latest buzz in the crypto world as Arkham Intel uncovers a wallet linked to Wisdomtree’s WBIT. This recent find sheds light on the movements and strategies behind the scenes, offering exciting insights for enthusiasts and investors alike. Stay informed with us as we delve into what this could mean for the future of ...
In a groundbreaking move for the crypto world, OpenDelta has successfully raised a whopping $2.5 million to forge ahead with their ambitious project: crafting a Bitcoin-based stablecoin powered by ancient symbols known as runes. This innovative venture aims to blend the reliability of Bitcoin with the stability and ease of use that stablecoins offer, creating ...
