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AI-led productivity will keep US dollar strong; Fed likely on hold through 2026: Standard Chartered
Steven Englander, Managing Director - Global Head of G10 FX Research, and North American Macro Strategy at Standard Chartered Bank explains why structural factors, not the economic cycle, are driving the US dollar. He discusses the Fed's rate outlook, long-term interest rates, capital flows, emerging markets, India's rupee and what could trigger a sustained decline in the dollar.
Genus Power shares fall 10% after ₹268 crore block deal; Sources say GIC likely seller
Chiswick Investment or GIC has a 15.11% stake in Genus Power at the end of the March quarter, while close to 1.6 lakh small retail shareholders, or those with authorised share capital of up to ₹2 lakh, have a 16% stake in the company.
Zerodha eyes foray into investment banking
India's leading retail broker, Zerodha, is making a significant move into investment banking. The company has applied to Sebi for a merchant banking license through its arm, Zerodha Corporate Advisors. This strategic expansion comes as the equity capital markets show strong potential, with experts noting ample room for new players possessing robust distribution and investor networks.
Zerodha eyes foray into investment banking
India's leading retail broker, Zerodha, is making a significant move into investment banking. The company has applied to Sebi for a merchant banking license through its arm, Zerodha Corporate Advisors. This strategic expansion comes as the equity capital markets show strong potential, with experts noting ample room for new players possessing robust distribution and investor networks.
Foreign investors could return to India if earnings improve, rupee stays stable: Emmer Capital
Manishi Raychaudhuri, Chief Executive Officer of Emmer Capital Partners, highlighted AI spending concerns, higher US interest rates and a stronger dollar as the key factors driving volatility across Asian markets, while stressing the need for more job creation in India.
Rupee opens 5 paise higher at 94.35 against US dollar
The Indian rupee strengthened to 94.35 against the US dollar, supported by lower oil prices despite potential global risks. Analysts suggest the rupee may trade within the 94-95 range, with strong capital inflows providing some buffer against a firm US dollar.
Hong Kong Dollar hits 10-month low as Fed view buoys greenback
Traders are watching whether the widening gap between Hong Kong and US interest rates will continue to fuel capital outflows and push the currency even closer to the weak end of its HK$7.75-HK$7.85 trading band.
Adon Agro Commodities IPO: BSE SME declares price band at ₹66 to ₹70. GMP, lot size and key details
Adon Agro Commodities Limited will open its IPO on June 29, 2026, aiming to raise ₹44.03 crore. The price band is set at ₹66-70 per share, with allocations for QIBs, NIIs, and retail investors. Proceeds will support working capital and corporate purposes.
US dollar index consolidates around 13-month high, up 2.5% this month
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Aastha Spintex IPO: Price band set at ₹125-136 per share; check key dates, issue details
Aastha Spintex IPO offers shares at ₹125 to ₹136, open for subscription from June 29 to July 1. The offering allocates shares to QIBs, NIIs, and retail investors, aiming to raise ₹170 crore for acquisitions and working capital.
PwC sees India’s asset wealth market doubling to $1.7 trillion by 2030
PwC says Indias AWM AuM will nearly double to $1.7 trillion by 2030, driven by digital retail investing, institutional capital, AIF growth, and GIFT City's expanding role.
Angel One, CAMS and ICICI AMC among JP Morgan's preferred bets on India's SIP boom
JP Morgan has initiated coverage of India’s capital markets sector with a bullish outlook, citing resilient SIP inflows and rising retail financialisation. The brokerage prefers Angel One, CAMS and ICICI AMC, while staying cautious on BSE, KFin, CDSL and MCX despite strong recent stock performance.