Wealth management outlook: India’s wealth firms set for over 20% annual growth on HNI surge, says Jefferies; rising attrition & cost pressures flagged as key risks

India’s booming economy and rising number of high-net-worth individuals (HNIs) are set to drive more than 20% annual growth for wealth management firms over the next three years, global brokerage Jefferies has projected in a new report.Jefferies said the core wealth management (WM) segment in India is likely to see strong momentum, backed by expanding […]

Centre extends tax exemption to sovereign wealth funds & pension funds for 5 years, ETCFO

The Centre has extended the tax exemption for sovereign wealth funds (SWFs) and pension funds for another five years, allowing such entities to claim benefits on eligible investments made in India till March 31, 2030. The Department of Revenue on Saturday notified the extension, formalising the announcement made in the Union Budget earlier this year. […]

Egon Zehnder Acquires Leading Asset and Wealth Management Boutique Firm The Prince Houston Group, Strengthening US Financial Services Practice

Business Wire India Egon Zehnder, the premier global leadership advisory and executive search firm, today announced the acquisition of The Prince Houston Group, a leading boutique executive search firm based in New York with a strong focus on Asset and Wealth Management.   The Prince Houston Group serves a broad spectrum of outstanding clients across […]

Economy

It is time India created a sovereign wealth fund, CII President Rajiv Memani

In a free-wheeling conversation with businessline, CII President Rajiv Memani talked about enabling factors, especially policy stability, in India’s growth trajectory and the future reforms, including ease of doing business and creation of a sovereign wealth fun. The Indian industry is confident about all macroeconomic indicators and believes the country has fared well under challenging […]

‘Need for decentralisation’: Number of poor rising as wealth concentrates within some hands; ‘should not happen,’ says Gadkari

Union minister Nitin Gadkari on Saturday raised concern over the growing number of poor people in the country, saying that wealth was increasingly being concentrated in the hands of a few. Speaking at an event in Nagpur, the road transport and highways minister stressed the need for decentralisation of wealth and inclusive economic growth. “Slowly […]

Meghan & Harry Face Backlash For ‘Piggybacking’ On Royal Family Wealth

After AI171 Tragedy, Raveena Tandon Flies With Air India: Shares Emotional Note on Strength & New Beginnings Following the devastating Air India crash that took 241 lives, Raveena Tandon flew with the airline and shared an emotional note reflecting strength and resilience. Calling the journey a symbol of “new beginnings,” the actress shared quiet images […]

Who inherits Sunjay Kapur’s $4 billion empire? Here’s how much of his ₹10300 crore wealth will Karisma Kapoor’s kids get | Bollywood

Businessman Sunjay Kapur’s death has not just sent shockwaves across the business and entertainment worlds, but also created a mini crisis of succession at his company, Sona Comstar. The billionaire ex-husband of actor Karisma Kapoor was the head of one of the biggest auto component manufacturers in the world. His death saw a tumble in […]

Elon Musk net worth: Post apology to Donald Trump, world’s richest man sees rise in wealth – what’s Musk’s net worth now?

Elon Musk had contacted Trump via telephone prior to making his public apology. (AI image) Elon Musk net worth: The world’s richest person, Elon Musk, saw his net worth increase modestly after he expressed regret about remarks made against US President Donald Trump.Forbes’ real-time billionaire tracking system indicated that Elon Musk’s fortune increased by $191 […]