Diabytes
High networth individuals News
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Watch collecting is the most popular hobby, with 63 percent of HNIs owning at least four watches.
One-fourth of those polled changed cars in less than three years.
Mercedes-Benz is the most popular luxury car brand, followed by Rolls-Royce and Range Rover.
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The department, official sources said, found that out of the estimated 20 lakh entities registered on these exchanges, about 4 to 5 lakh were "operational" and indulging in transactions and investments.
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The wealth of the country's high networth individuals (HNIs), which is likely to touch at USD 1.224 trillion this year, may nearly double to USD 2.3 trillion by 2020, says a study.
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Private equity firm Motilal Oswal Real Estate today launched its third real estate fund and plans to raise up to Rs 1,000 crore which the company proposes to invest in residential projects in six metros.
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Investments through participatory notes (P-Notes) into India's capital market dropped to Rs 2.75 lakh crore (about USD 43 billion) at the end of June, after touching over seven years high in the preceding month.
The government on Friday said safeguards have been put in place to prevent misuse of Participatory Notes (P-Notes).
Investments in Indian markets through participatory notes (P-Notes) surged to the highest level in seven years at Rs 2.72 lakh crore (USD 43.6 billion) in February.
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