RBI seeks gold comfort over dollar assets
In a bold move towards financial stability, India’s Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is effectively diversifying its reserves. This shift underscores gold’s reputation as a secure asset in volatile economic climates, with India’s gold reserves now surpassing a staggering […]
Sebi proposes uniform process for mutual fund folio creation and first investment
Sebi is proposing a new system for mutual fund investments. Investors will soon be able to start investing once their KYC is verified. This aims to streamline the process and prevent issues with non-compliant folios. The regulator also highlighted problems with incorrect bank details affecting redemptions and dividends.
Indices rise for sixth consecutive day amid US trade deal optimism
Indian stock markets closed higher for the sixth consecutive day. Gains were fueled by positive reports on trade negotiations between India and the US. Information Technology stocks saw a significant rise. While Reliance Industries shares declined, the overall market sentiment remained optimistic. Investors are awaiting concrete outcomes from the trade deal discussions.
States urge Union Finance Ministry to ease their borrowing limits
Several states, including Kerala and Maharashtra, are urging the Union finance ministry to ease borrowing limits. These limits now factor in power dues, unspent central funds, and off-budget borrowings, which states argue restrict their financial plans and legitimate borrowing space.
One Nation, One Workforce: Govt plans integrated system to ensure social-security portability for all workers
The Ministry of Labour and Employment is developing a unified workforce architecture to link databases across ministries and states. This initiative aims to enhance policy coherence, ensure worker benefit portability, and measure employment outcomes. The plan includes AI-driven analytics for predictive policy planning and skill forecasting, with a goal of universal social security for all […]
Gold-stocks jugalbandi: Ruchir Sharma explains why both are booming in a world flooded with liquidity
Gold and stocks are simultaneously rallying, a rare phenomenon attributed to a global flood of liquidity from pandemic-era stimulus. This excess money is fueling momentum trades across asset classes, with individual investors increasingly participating. While gold has recently seen a pullback due to profit-taking and easing tensions, equities continue their upward trajectory, driven by strong […]
Corporate debt surge: Commercial paper issuances hit highest since April
Indian companies raised Rs 1.7 lakh crore via commercial papers in September, the highest since April, marking a 44% monthly jump despite higher yields. RBI data highlights a structural funding shift toward non-bank sources, with corporates increasingly tapping debt markets for working capital.
EPack Prefab bulk deal: BofA picks Rs 13 cr worth shares in smallcap after stellar Q2
Bank of America purchased 5.62 lakh shares worth Rs 13 crore in EPack Prefab Technologies at a 15% premium. The smallcap stock surged 13% after strong Q2 earnings showing over 100% profit growth, robust revenue expansion, and improving margins.
Oil prices surge 5% as Trump hits Russian crude with sanctions
Oil prices jumped more than five percent Thursday after US President Donald Trump targeted Russia’s key oil industry with new sanctions in a bid to end the war in Ukraine.
Tesla shares fall 4% as margin pressures mount despite record sales
Tesla shares fell 4.4% on Thursday after the Elon Musk-led electric vehicle maker extended its streak of profit misses to a fourth quarter, even as sales hit record highs.