Indian family offices are increasingly investing in startups across various sectors like chip technology, robotics, and green energy, aiming for higher returns. Larger family offices and new-age families are allocating significant portions of their portfolios to startups with solid business models and IPO potential, further boosting the startup ecosystem.
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ASCI has issued an advisory to LinkedIn influencers to disclose connections with brands they promote, aiming to maintain adherence to regulatory standards. In the past week, 60 cases were flagged for non-disclosure, with 56 under investigation. This advisory seeks to prevent misleading practices, ensuring transparency and the integrity of influencer marketing.
Indian equity markets surged on Friday, mirroring a global rebound and fueled by value buying across sectors. The Sensex soared over 1244 points, while the Nifty 50 climbed more than 400 points, driven by positive domestic cues and expectations of steady inflation. Experts suggest long-term investors consider selective buying in financials and pharmaceuticals.
US President Donald Trump's approach in the second term on tariff announcements have been perceived by markets as a more gradualist approach compared to his earlier aggressive campaign rhetoric, says a report by Union Bank of India.
In the December MPC meeting, four members opposed policy easing, making a February rate cut uncertain. Outgoing Governor Das and Deputy Governor Patra prioritized controlling inflation over growth, citing concerns about core inflation and second-order effects. Two external members favored rate cuts to address the GDP growth decline, arguing monetary policy's limitations on supply-side inflation.
RBI deputy governor Rajeshwar Rao highlights the shift in household savings from traditional bank deposits to mutual funds and capital markets, affecting banks' funding costs and margins. Rao warns against over-reliance on wholesale funding and urges banks to develop sophisticated stress-testing methodologies and maintain adequate liquidity buffers. He also emphasizes the need for NBFCs to diversify their funding sources.
US stocks dropped significantly after President Trump announced tariffs on Canada and Mexico. The S&P 500, Dow Jones, and Nasdaq saw big falls amid concerns over economic growth and trade tensions. Certain sectors were hit hard, including Nvidia, Tesla, and Kroger. Investors are wary of economic uncertainties as future Federal Reserve actions remain in focus.
Airtel and Reliance Jio have announced deals to market Elon Musk's Starlink satellite internet in India, pending regulatory approvals. These partnerships aim to enhance network coverage, especially in rural and remote areas where connectivity is limited. Satellite internet services will, however, be more expensive and initially cater to enterprise sectors.
BSE has suspended trading in Bharat Global Developers after a Sebi investigation revealed a pump-and-dump scam, leading to a 10,000% rise in its stock price. Sebi has barred several entities involved and accused the company of making false disclosures to boost stock prices.
IndusInd Bank shares plunged 25%, marking a 52-week low after the bank revealed accounting discrepancies in its derivatives portfolio. This triggered investor panic, leading to a severe drop in stock value. The bank faces potential financial repercussions of up to ₹2,000 crore, raising concerns over weak governance and internal controls, affecting overall banking sector confidence.
RBI's new governor, Sanjay Malhotra, faces the tough task of balancing India's economic growth, inflation, and exchange rate amid US election fallout and government pressure for lower interest rates. He must also tackle regulatory reforms, digital fraud, and mis-selling of financial products, impacting bank lending and consumer protection.