SEBI has cautioned the public about the rise of securities market fraud on social media platforms, where fraudsters use fake testimonials and promise guaranteed returns. The regulator advises caution and verification of social media accounts claiming to represent registered entities. SEBI has also introduced a '1600' phone number series to help investors identify legitimate service calls from registered entities.
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Global trade in 2025 is expected to transform due to geopolitical tensions, potential US-China trade wars, AI advancements, and sustainability demands. Experts urge Indian exporters to prioritize AI strategy and environmental standards to stay competitive. New technologies and trade agreements pushing sustainability are crucial for future trade dynamics.
Zhang Yiming, the founder of ByteDance, has become the wealthiest person in China with a net worth of $57.5 billion. This achievement is particularly noteworthy for the 41-year-old, considering the recent challenges, including potential US restrictions on TikTok, ByteDance's popular application.
Economic Survey highlights the positive impact of linking financially less privileged rural women to self help groups, welfare schemes, and direct benefit transfers. These initiatives have reduced inequality, increased consumption spending, and improved quality of life for rural households, as revealed by a survey conducted in Bihar, Jharkhand, Madhya Pradesh, and Uttar Pradesh.
The S&P 500 shows strong performance, with 24% and 23% gains in 2023 and 2024. Analysts expect continued growth in 2025, driven by economic robustness and AI advancements. Companies like Arista Networks and Palo Alto Networks, which have executed stock splits, are highlighted for potential significant gains, showing impressive revenue and earnings increases.
Three major IPOs—Vishal Mega Mart, Sai Life Sciences, and One Mobikwik—concluded on Friday, amassing a staggering Rs 2.2 lakh crore in investor interest. One Mobikwik led the pack with a 120-fold oversubscription, becoming 2024's most sought-after IPO exceeding Rs 500 crore. Vishal Mega Mart and Sai Life Sciences also saw substantial demand, subscribed 27 and 10.3 times respectively.
Outgoing RBI Governor Shaktikanta Das emphasized inflation control as the central bank's top priority. Das provided insights into the crucial challenges awaiting the central bank whilst expressing optimism about his successor's capabilities, as he reviewed his six-year leadership period.
US stocks opened higher, signaling market stabilization amidst trade tension volatility. Bond yields slightly decreased, and the dollar steadied after a recent slide. Bank stocks led gains, with Bank of America and Citigroup exceeding earnings expectations. However, Boeing shares dropped following reports of China halting aircraft deliveries, reflecting ongoing trade war concerns.
The Institute of Chartered Accountants of India (ICAI) has disciplined a record 241 CAs this financial year, up from 119 last year. ICAI's president Charanjot Singh Nanda stressed maintaining high ethical standards and efficient disciplinary actions. Nanda emphasized that audit work is exclusive to Chartered Accountants and aims to make Indian CA firms global players, seeking government support.
Canon sees a promising opportunity in India's burgeoning semiconductor market. The company is negotiating with chip manufacturers setting up facilities in India to supply its lithography equipment. Canon is optimistic about achieving double-digit growth in the coming years, driven by India's strong economic outlook and expanding industries.
Udaan, a B2B e-commerce startup, secured a fresh $75 million in funding led by existing investor M&G, maintaining a $1.8 billion valuation. The company is also negotiating an additional $25 million in funding. The investment will enhance Udaan's supply chain and vendor partnerships.