Sacrificing economic growth, India's central bank, the Reserve Bank of India's (RBI) hiked the repo rate, or the key lending rate at which the central bank lends funds to commercial banks, and the cash reserve ratio (CRR) or the proportion of reserves the commercial banks must keep with th...

A 1955 oil painting by late Indian artist Francis Newton Souza has fetched $2.48 million (£1.27 million) at Christie's, London, in an auction of modern South Asian art, setting a new record for Indian contemporary art.

Indian investors are the most optimistic lot among their Asian counterparts and have a "bullish" outlook of the stock markets despite the ongoing global credit crisis, a survey by global financial institution ING Asia/Pacific has revealed.

Let us face it: inflation, a continuous increase in the level of consumer prices or a decline in the purchasing power of money caused by an increased availability of currency and credit chasing too few goods, is bad for everyone, especially the common man. And, with inflation hitting a three-year hi...

US-based private jet company, NetJets, which popularized the business model of fractional aircraft ownership, has made its maiden entry into the Asian market through a sales tie-up with a Mumbai-based company and will cater to the international travel needs of the growing number of young millionaire...

India's capital market regulator, the Securities and Exchange Board of India (SEBI) has passed a mandate on all fund houses to 'cut the cackle' in the audio and audio visual advertisements and read the standard warning or caveat in a comprehensible manner.

India's stock market regulator, the Securities and Exchange Board of India (SEBI) has launched a crackdown on unauthorized art funds by threatening to take both civil and criminal action against companies that launch art funds without first registering with it.

A recent nationwide survey of over 60,000 households by National Council of Applied Economic Research (NCAER), New Delhi and Max New York Life has revealed that people in India do not plan for long-term future and keep away from investing in long-term instruments though they save for long-term goals...

Mortgage rates are down. House prices are down. Fed chairman Ben Bernanke is waxing eloquent about the prolonged deep housing slump. Sounds like a good time to go house shopping!

India's millionaires club is expanding as the economy explodes, offering a tantalising opportunity to wealth management institutions seeking to help these newly minted tycoons invest their money.

India's No.2 lender, ICICI Bank, expects to sustain 70 percent growth in its private wealth management business this year on the back of rising affluence, a senior official said on Monday.

Money managers trying to sell the appeal of global stocks are finding it difficult selling diversification opportunities to Indian investors enamoured by the bull run at home and tax-efficient domestic funds.

The wealthy have lost none of their appetite for property despite the market turmoil triggered by the sale of risky subprime mortgages in the United States, according to some of the world's top private bankers.

Leading global investment bank Morgan Stanley plans to launch private wealth management services in India next year, its first onshore wealth business in Asia, and expects to hire around 100 private bankers, an executive said on Monday.

BNP Paribas, France's biggest bank, is building up its onshore private banking presence in China, India and Taiwan and expects total assets under management in Asia to grow by 20 percent a year in the next few years, the head of its Asia private banking operation said.

ING Private Bank hopes to raise the amount of money it manages in Asia by 28 percent a year over the next three years, as it tempts wealthy Indians and Chinese to start investing abroad.

DSP Merrill Lynch plans to ramp up its asset management business in India, aiming to more than double its assets managed in India by 2009 as the number of wealthy people in the country rises.

The Indian Government has cleared six fresh Special Economic Zone (SEZ) proposals, August 8, taking the total number of clearances close to 550.

Anil Dhirubhai Ambani group (ADAG) firm Reliance Mutual Fund has consolidated its position as India's largest mutual fund house with its assets crossing Rs. 50,000 crore level, May 10.