ETMarkets Smart Talk | Tier III India is creating the next wave of millionaires: Centrum Wealth CEO Sandeep Das
Wealth creation is expanding beyond metros into smaller cities. Family offices are growing significantly, managing wealth more formally. Cross-border investing is increasing for both NRIs and resident Indians. Technology and AI are enhancing personalized client engagement and efficiency. Trust and human judgment remain central to advisory services.
Oil Price Today (July 15): Crude oil above $86 as US-Iran exchange fresh strikes. Bigger surge brewing?
Brent crude settled at its highest level since June 12 for a second consecutive session, while West Texas Intermediate (WTI) closed at its strongest level since June 15.
You can’t spell chai latte without AI. That will hurt India
The AI adoption craze is looming over what’s promising to be another lackluster earnings season for IT services exporters. Last week, Tata Consultancy Services Ltd., the biggest among them, reported 0.4% growth in revenue over the previous three months after stripping out currency fluctuations, the slowest expansion in a year.
Korea’s AI stock rout is becoming a lesson in leveraged excess
South Korea’s AI stock boom is now a cautionary tale of leverage’s power. SK Hynix’s plunge triggered billions in stock sales, deepening the Kospi’s slide. Leveraged products and concentrated index weightings amplified market swings in both directions. This dynamic is now being watched globally as Korea is central to the AI hardware supply chain. Regulators […]
Mutual fund flows decoded: Why AMFI’s monthly data matters for investors
Mutual fund flows show investor sentiment and money movement across categories. Consistent inflows suggest investor confidence, while outflows may signal caution. Equity fund inflows indicate more money allocated to stocks, but do not guarantee market rises. Fund flows help gauge market liquidity, not as direct buy or sell signals. Company fundamentals and other factors ultimately […]
Oil rises after US-Iran hostilities flare again with strikes on energy targets
Oil prices increased as President Donald Trump reimposed naval blockades on Iranian ports. Iran retaliated with strikes on United States infrastructure in the region. Brent and West Texas Intermediate crude oil reached their highest levels in weeks. Attacks have deepened supply disruptions in the vital Strait of Hormuz. Hostilities have reignited doubts about a permanent […]
Mutual funds boost equity bets in June, favour largecaps and private banks
Fund houses experienced robust equity inflows during June. Money managers favored large-cap stocks trading below historical averages. Private banks like HDFC Bank and Axis Bank were consistently purchased. Healthcare companies also received fresh allocations for steady growth. This investment trend was supported by easing geopolitical tensions and softer oil prices.
Life insurers seen posting mixed Q1, health players likely to outperform
Life insurers anticipate slower premium growth amid economic uncertainty and geopolitical tensions. Health insurers are poised for strong performance, driven by sustained demand and improved affordability. General insurers will likely face continued pricing pressures in motor and commercial insurance lines. Axis Max Life and SBI Life are projected to lead retail APE growth among private […]
Calcutta Stock Exchange seeks to put exit application on hold
The Calcutta Stock Exchange requested Sebi to withhold its exit application. This action follows the West Bengal government’s support for reviving the exchange. The exchange plans to formally withdraw its exit application soon. The state government has communicated its revival proposal to the central government. CSE faces significant regulatory and technological challenges ahead.
HCL Tech tumbles 4.5% as analysts cut price targets
HCL Technologies shares dropped significantly on Tuesday following analyst target reductions. Most foreign brokerages trimmed their price targets after the company’s first-quarter results. The Nifty IT index also saw a decline, mirroring the broader market trend. Despite this, many domestic brokers maintain a positive outlook on the stock. Analysts still project a potential upside from […]