Wealth tech app enables gram by gram investing in gold
It will be rolled out in India and the UAE
India
-
-
Indian wealth down 4.4%
It is comparable to the US 70 years ago but due to overtake present-day Britain by 2025
-
UAE foreign ownership changes a claxon for NRI entrepreneurs
Timing especially beneficial for those made redundant during the pandemic
-
Look to India and China for uncorrelated assets
With a gain of 6.1% – the MSCI India Index was the top performer in May
-
Bet on equities as long term prospects look rosy
India is showing progress in limiting the pandemic spread and investor confidence is swelling
-
Economists expect India’s repo rate to hold steady
It has been at a record low since May 2020
-
How did world’s biggest vaccine producer fall so badly behind?
If rollout does not speed up – it could take years to inoculate 70% of India’s population
-
Edelweiss names head of external asset managers
He previously founded a wealth management start-up
-
Goldman Sachs buys stake in Indian research firm
Says it is ‘well positioned to benefit from increased outsourcing by the life sciences industry’
-
Go for gold, NRIs told
But advisers also suggest including paper gold in their portfolios
-
Indian real estate asset manager to sell mutual fund business
In a deal worth INR 175 crore
-
Another tax net for NRIs who have a virtual presence at home
Non-residents will be taxed if transaction value exceeds INR 20m in India