AIFs: A wealth of options

India’s wealth management landscape is being reshaped by a confluence of factors, including evolving demographics, rising incomes, shifting investment preferences, and asset appreciation. With net worth exceeding ₹5 crore, nearly one per cent of Indians now qualify as high net-worth individuals (HNI); meanwhile, the number of ultra-wealthy individuals (with ₹1,000-plus crore assets) grew to 1,539…

DRDO gives nine production licenses to 10 public & pvt industries

Vehicles Research & Development Establishment (VRDE), a Defence Research and Development Organisation (DRDO) laboratory and COEP Technological University, signs an MoU in the presence of DRDO Chairman Samir V. Kamat during an event, in Ahmednagar on Saturday. Distinguished Scientist & Director General – Armament & Combat Engineering Systems (ACE) Prateek Kishore also seen. | Photo…

Why payments banks continue to struggle

Payments banks continue to struggle even after a decade of existence, largely on account of a decline in revenue and throughput volumes in remittance, Aadhaar-enabled payments system (AePS) and micro-ATM business, wafer-thin margins, and limited scope of operations. Currently, six payments banks are operating in the country. These niche banks, which were established during 2016-18…