Sitharaman further detailed plans to unlock the economic potential of urban regions by mapping city economic regions (CERs) tailored to their unique growth drivers. “An allocation of Rs 5,000 crore per CER over five years is proposed for implementing their plans through a challenge mode with a reform-cum-results based financing mechanism,” she said.India announced measures to invest nearly $133 billion to turbocharge its infrastructure overhaul and boost manufacturing for sectors from textiles to electronic ...

For Groww, the potential acquisition would mark a significant step beyond its core broking and mutual fund distribution businessImportant to mention that PGIM is looking to exit its Indian asset management business after limited growth since acquiring it from Deutsche Bank AG nearly a decade agoThe company is competing with Edelweiss Asset Management for the loss-making Indian AMC owned by US-based Prudential FinancialStock broking major Groww has reportedly placed a bid to acquire PGIM India Asset Manageme ...

Core Insights - Australian investors are showing a strong interest in artificial intelligence (AI) and are optimistic about returns from their global portfolios as they enter 2026 [1][2] Investment Trends - A survey of over 600 Australian investors indicates a commitment to high-growth sectors, particularly AI, despite awareness of economic and geopolitical risks [2][3] - 75% of investors plan to increase exposure to the US market, while 67% intend to invest more in the Australian market, reversing their current investment allocations [7] - 50% of investors plan to increase their usage of ETFs, with 42% looking to boost their exposure to individual stocks [7] AI Adoption - 92% of investors are interested in using AI tools for investment support, with 56% already using AI occasionally or regularly [4][5] - 62% of investors seek both AI and human advice, while 12% prefer AI tools exclusively [6] - A significant portion (31%) of investors would like AI to create entire investment plans, indicating growing trust in AI for financial planning [6] Risk Appetite and Market Expectations - 68% of investors plan to maintain their current risk levels, while 25% are willing to increase their risk exposure [9] - Investors expect market returns of 5% to 15% in Australia and slightly higher in the US [9][10] - Key concerns influencing investment decisions include the broad economy (64%), market volatility (50%), and geopolitical issues (47%) [10] Guidance and Confidence - Despite strong investment intentions, only 50% of investors expect to achieve their goals in 2026, with 39% uncertain [13][14] - There is a demand for better tools and insights to manage risk and navigate complex market conditions [14] Survey Details - The survey was conducted by Moomoo Australia and New Zealand among 642 active users of its trading platform, focusing on their investing behavior and expectations for 2026 [15]

Core Viewpoint - Angel One has established a new associate company, Angel One LivWell Life Insurance, in collaboration with LivWell Holding Company to enter the Indian life insurance market, pending regulatory approvals [1][2]. Group 1: Company Structure and Investment - Angel One will hold a 26% stake in the new insurance venture, while LivWell will maintain the majority share [1]. - The total proposed capital for the joint venture is Rs4 billion, with Angel One set to invest approximately Rs1.04 billion [2][3]. - The leadership team will be led by Wilf Blackburn as the proposed chairman and Nikhil Verma as the expected CEO [3]. Group 2: Market Focus and Regulatory Approval - The focus of the new company will be on delivering life insurance services across India, contingent on approvals from the Insurance Regulatory and Development Authority of India (IRDAI) and the Ministry of Corporate Affairs [2]. - The partnership aims to create a digital-first life insurance company, with the initial announcement made in July [2]. Group 3: Background of Partners - LivWell is backed by Olympus Capital, a private equity firm that has invested over $2.6 billion in Asian financial services, including stakes in HDFC Bank and CreditAccess Grameen [4]. - Angel One is currently involved in stock broking and other financial services, registered with stock exchanges [4].

Ajay Saraf, who has led ICICI Securities’ investment banking division for nearly 15 years, will move to become the head of the Indian firm’s retail stock broking and wealth business, sources say https://t.co/zAZoWJJlLq ...