Investor wealth rises by over Rs 89,000 cr as stocks zoom

Last Updated: Tuesday, January 20, 2015, 20:39

Investor wealth on Tuesday soared by over Rs 89,000 crore with the benchmark BSE Sensex gaining 522.66 points to record a new closing high of 28,784.67.

Richest 1% to own more than 99% of people by 2016: Oxfam

Last Updated: Monday, January 19, 2015, 19:04

The richest 1 percent people in the world will soon have more wealth than the remaining 99 percent of the global population, says a report.

Christians hold largest percentage of global wealth: Report

Last Updated: Wednesday, January 14, 2015, 16:54

It said the total wealth held by Christians stood at USD 107,280 billion, which account for over 55 percent of worldwide wealth, followed by Muslims at the second place with wealth of USD 11,335 billion (5.8 percent) and Hindu (USD 6,505 billion, 3.3 percent).

Morgan Stanley fires employee for stealing client data

Last Updated: Tuesday, January 6, 2015, 02:11

US investment bank Morgan Stanley on Monday said it had fired an employee for stealing the personal data of hundreds of thousands of wealth management customers.

Stock market investors richer by Rs 28 lakh crore in 2014

Last Updated: Wednesday, December 31, 2014, 19:19

The broader CNX Nifty of the National Stock Exchange also firmed up by 34.45 points to end at 8,282.70.

Xiaomi to raise over $1 bn from investors including GIC

Last Updated: Monday, December 22, 2014, 11:16

China`s Xiaomi is raising over $1 billion from investors including Singapore sovereign wealth fund GIC that would value the smartphone maker at over $45 billion, a person familiar with the deal said.

Govt renegotiating tax treaties to curb illicit wealth flows

Last Updated: Wednesday, December 17, 2014, 18:31

To check illicit financial flows across borders, the government is renegotiating bilateral treaties with many countries to limit tax benefits to genuine investments and curb the routing of Indian money to safe havens, a senior Finance Ministry official said on Wednesday.

'Alibaba founder Jack Ma biggest billionaire gainer of 2014'

Last Updated: Wednesday, December 17, 2014, 12:33

Legendary investor Warren Buffett stood at second place on the Wealth-X list of this year's top gainers.

Individual wealth to more than double to Rs 514 tn by FY19

Last Updated: Tuesday, December 16, 2014, 22:45

Faster economic growth will help individuals' wealth in India to more than double to Rs 514 trillion over the next five years, while growing at an annual rate of about 15 percent, a new report said Tuesday.

FII inflows may halve to $20 bn in 2015: Credit Suisse

Last Updated: Wednesday, December 10, 2014, 19:55

Swiss brokerage Credit Suisse on Wednesday said the robust foreign inflows into the country's debt and equities markets will halve to USD 18-20 billion next year on a slowdown in the sovereign wealth funds' (SWFs) play.

Worldwide GDP up 50% in 1992-2010: Report

Last Updated: Wednesday, December 10, 2014, 18:22

There has been a significant increase of 50 percent in global wealth between 1990 and 2010, but it rose by only an "anaemic" 6 percent during this period if measured in terms of sustainable development.