India’s crorepati list is growing but the problem is who will manage their money

India’s ultra-rich population is rapidly increasing, creating a significant advisory gap. The number of wealthy individuals has grown substantially, demanding more skilled wealth managers. This shortage is driving up costs and competition for experienced financial advisors. Firms are investing in technology and talent to manage this expanding client base. The wealth management sector faces challenges…

Gold slips as firm dollar weighs; focus turns to Fed meeting

Gold prices edged lower as the dollar strengthened, impacting bullion values. Markets are closely watching the Federal Reserve’s upcoming policy decision for rate clues. President Trump urged the Federal Reserve to lower interest rates for the United States. China’s gold imports via Hong Kong saw a significant year-on-year increase in June. Other precious metals like…

South Korea’s KOSPI drops 7% as global chipmaker selloff deepens

South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK Hynix shares dropped sharply, impacting the broader market significantly. Samsung Electronics also saw a considerable decrease in its stock value. Concerns over China’s growing capacity and technological advancements further dampened…