Citigroup surpassed Wall Street profit expectations, driven by a surge in dealmaking and corporate client services. Investment banking fees soared, and M&A advisory hit record highs in 2025. Despite a Russian unit sale loss, the bank’s performance signals a turnaround, with ongoing efforts to fix risk controls and potential job cuts due to automation.Read More

Wells Fargo reported lower profits, impacted by severance costs for operational streamlining. The bank’s shares saw a significant drop. Despite missing some profit targets, Wells Fargo is focusing on growth initiatives, including new credit card products and AI investment. The lifting of an asset cap offers potential for expansion.Read More

Silicon Valley is abuzz with mega IPOs as AI giants OpenAI and Anthropic, alongside Elon Musk’s SpaceX, prepare to list. These high-profile tech companies, valued in the hundreds of billions, could signal a new era of unprecedented deal sizes. Wall Street anticipates a bonanza, while investors eagerly await a clearer view of AI’s moneymaking potential.Read More

Gold prices eased on Thursday after reaching record highs. Investors took profits as U.S. President Donald Trump softened his stance on the Federal Reserve chair and Iran. This reduced demand for gold as a safe haven. Other precious metals like silver, platinum, and palladium also saw declines. Market participants are now awaiting U.S. jobless claims...Read More

The yen hovered near 18-month lows as traders anticipated intervention following strong warnings ahead of a Japanese election that could spur fiscal stimulus. Meanwhile, the dollar recovered from initial weakness after Federal Reserve Chair Powell addressed subpoena concerns, though worries about Fed independence persist amid positive U.S. economic data.Read More

Emerging markets are set for a long growth period. A weak dollar and global growth continue to support this trend. New opportunities are emerging in commodities like gold and copper. Countries like Venezuela and Saudi Arabia are opening up for investment. The AI boom is also creating demand for resources found in emerging markets, offering...Read More

Housing finance companies face a challenging December quarter with slower growth and squeezed margins due to aggressive bank competition. While large firms grapple with lower rates, affordable housing lenders are expected to maintain profitability by keeping their lending rates steady. Analysts anticipate stable asset quality despite some localized stress.Read More

Indian Overseas Bank and Punjab & Sind Bank are set to raise ₹4,000 crore and ₹3,000 crore respectively through qualified institutional placements this quarter. IOB has secured necessary approvals and is appointing merchant bankers, while Punjab & Sind Bank will hold an EGM on January 21 to consider its equity capital raise.Read More

Coca-Cola is preparing to list its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), through an IPO this summer to raise approximately $1 billion. The company is valued at nearly $10 billion, with investment bankers like Kotak, HDFC Group, and Citibank onboard. This move aligns with Coca-Cola’s global strategy of focusing on brand building rather than...Read More

Anand Rathi Share and Stock Brokers reported strong financial results for the December quarter. The company’s net profit surged by 32.6% compared to the previous quarter and an impressive 71.8% year-on-year. Operating revenue also saw a healthy increase of 9.2% sequentially and 21.5% from the same period last year. These figures highlight robust growth for...Read More