US wealth manager stocks sink as traders flee next AI casualty
Wealth management stocks in US experienced a sharp decline Tuesday following the introduction of an AI tool designed for tax strategies. Investors are concerned about the potential impact of automated advice on the industry, mirroring recent selloffs in software, private credit, and insurance brokerage sectors. Major firms like Raymond James, Charles Schwab, and LPL Financial […]
Gold, silver climb as US yields fall on softer retail sales
Wednesday brought a notable increase in gold and silver prices, coinciding with falling U.S. Treasury bond yields. The retail sales figures for December revealed a slowdown, suggesting economic softness. As investors gear up for key job reports, there’s a burgeoning interest in gold ETFs among Indian investors this January, reflecting a strategic shift in investment […]
Global Market Today: Asian stocks hold near record before US jobs data, gold up
Asian stocks are hovering near record highs. Investors await key US jobs data. Weak retail sales have increased expectations for Federal Reserve rate cuts this year. Treasury futures are holding gains. Gold prices are edging up. The US jobs report and inflation figures will provide clues on future rate paths. Tech firms’ AI spending is […]
HUDCO, NaBFID and SIDBI to tap bond market for Rs 13,500 cr
Three major public sector companies, HUDCO, NaBFID, and SIDBI, are set to raise a significant ₹13,500 crore from the corporate bond market. This move comes as wholesale bank lending rates show signs of easing. Investors will be closely watching NaBFID’s ₹4,000 crore bond sale. This borrowing activity highlights the companies’ strategy to tap into the […]
How should new mutual fund investors build their portfolios?
Wealth managers advise new mutual fund investors to build portfolios gradually, aligning choices with goals and risk appetite. A paced approach, starting with diversified equity, index, or multi-asset funds, is recommended. Aggressive investors can later explore mid- and small-cap funds, while conservative ones may stick to large-cap and hybrid options.
Non deposit taking NBFCs will continue to be under RBI purview says central bank in draft norms
The Reserve Bank of India has clarified new rules for non-banking finance companies. Certain NBFCs with assets under Rs 1000 crore and no customer interaction can seek exemption from registration. However, these firms remain subject to other RBI regulations. Loans from directors or shareholders will be considered public funds. Activities like mutual fund distribution also […]
Equity’s not the only gold on D-St, ‘precious’ ETF flows double in Jan
Mutual fund investors significantly increased allocations to precious metals in January, with gold and silver ETFs attracting over ₹33,500 crore, surpassing equity fund inflows for the first time. This surge reflects performance-chasing behavior as gold and silver delivered substantial returns over the past year.
CRAs need to maintain additional net worth: Sebi
Securities and Exchange Board of India (Sebi) mandates credit rating agencies (CRAs) to maintain additional net worth for rating instruments under other financial sector regulators. This move follows industry representations to allow rating of unlisted securities and other financial products, potentially creating synergies and addressing market gaps.
Banks ease pace of hiring as tech, AI shoulder more tasks
Indian banks are slowing hiring due to automation, AI, and digital tools reducing the need for large staff increases. HDFC Bank added 5,000 employees in December 2025, reaching 2,15,000, while Axis Bank and Kotak Mahindra Bank saw declines in headcount.
Surplus liquidity fuels record parking in SDF
Banks have parked a record ₹4.52 lakh crore in the RBI’s Standing Deposit Facility (SDF) at 5% overnight. This strategy allows them to borrow funds at lower rates, around 4.27% from the TREPS market and earn a significant spread by depositing with the central bank. This reflects substantial surplus liquidity in the banking system.