Indian households collectively hold close to 24,000 tonnes of gold, which as per current price is valued in excess of Rs 7.87 lakh crore. Essentially, most of this gold is in physical form, which is a reason to fear as all physical things are prone to theft.

Indian households collectively, are estimated to have close to 24,000 tonnes of gold, which as per current price is valued in excess of Rs 7.87 lakh crore. Essentially, most of this gold is in physical form, which is a reason to fear as all physical things are prone to theft. Gold purity is also a concern in case of non-hallmarked jewellery.

The anti-profiteering provisions, as expected, have opened a can of worms with some of the verdicts of the National Anti-profiteering Authority (NAA) raising concerns among businesses.

Ignoring their timely warning led to the collapse of financial giant Lehman Brothers, while others such as  Merrill Lynch, AIG, Freddie Mac, Fannie Mae, HBOS, Royal Bank of Scotland, Bradford & Bingley, Fortis, Hypo and Alliance & Leicester all came within a whisker of bankruptcy and had to be bailed out.

Financial market regulator Sebi is reportedly examining sharp movement in shares of Dewan Housing Finance Corp. Ltd (DHFL), Yes Bank Ltd. and other lenders for possible trading irregularities.

While the Sensex closed 536 points or 1.46% lower to 36,305, the Nifty lost 175 points or 1.58% to trade at 10,967 level. This is the weakest closing since July 11 when it settled at 36,265.93. The Sensex has lost 1,249.04 points in the previous four sessions.

While the Sensex was trading 519 points or 1.41% lower, the Nifty lost 170 points or 1.53% to trade at 10,971 level. Top losers on the index were M&M (6.85%), Adani Ports (5.93%), Bharti Airtel (5.44%) and HDFC (5.34%).

The Dagar family must realign investments and focus more on equity exposure to meet their long-term goals, says Financial Planner

Flood hit Kerala seeks hike in borrowing limit to 4.5% to raise Rs 10,500 croreBattling its worst flood in nearly a century, Kerala is planning to raise an additional Rs 10,500 crore debt for rehabilitation and rebuilding. To achieve this, the Chief Minister Pinarayi Vijayan today said that his government will ask Centre to raise the ceiling on borrowing for the state to 4.5 per cent of the GDP. The borrowing limit is currently capped at 3 per cent. GSK seeks mid-September bi...

Managing your money can be tricky. Send your queries, and top-notch industry leaders will help you resolve any issue.

Swarup Mohanty, CEO of Mirae Asset Global Investment (India), talks about market conditions, impact of SEBI mandates, his company's growing focus on debt products and massive digitisation of mutual fund transactions in a freewheeling chat with Renu Yadav. Edited excerpts:

Why alternative investment funds are gaining traction with wealthy Indians.

In the April-June quarter of the current fiscal, the ace investor bought 2 lakh shares additional of the company taking his total shareholding to 5 lakh.

Investing is a technique of building wealth, but it's not only for the wealthy. Anyone can start investing, and various flexible vehicles make it easy to begin with small amounts, and building a portfolio eventually.

The low-down on which asset class will attract the most investors this year.

The BJP government announced a slew of schemes after it assumed power in 2014 winning 336 Lok Sabha seats out of 543 seats. Work under most of these schemes is still under progress an year ahead of General Election 2019.