The market regulator inspected the operations and accounts of IIFL Securities between April 2011 and January 2017 and found several alleged violations of its rules.
Mukesh Ambani, the Hinduja brothers and Shiv Nadar topped the IIFL Wealth Hurun India Rich List 2020, which ranks individuals with a net worth of Rs 1,000 crore or more as on 31 August.
The shortage of funds is expected to cause more defaults in the realty sector, which raises the risk of a repeat of last year’s funding freeze for shadow banks.
HDFC Bank, the most preferred wealth manager in India among high net worth clients surveyed by Euromoney, plans to add as many as 150 relationship managers by the end of 2020 to the current 250.
The Mumbai banker’s $20 billion private-wealth-management unit has become India’s biggest by assets.
Nirmal Jain has hit the jackpot serving the new rich in the...
The Indian planning system did not encourage individuals based on ‘what they knew’, but on ‘whom they knew’. Many left for countries that recognised their talent.
The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation.
Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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