News Digest
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Top hedge funds led by D.E.Shaw, Bridgewater and Balyasny deliver big gains in 2025
Major hedge funds like D.E. Shaw and Bridgewater Associates achieved significant double-digit gains in 2025, fueled by an AI-driven stock market rally and global economic volatility. These top performers navigated a year of record fluctuations, with some funds posting their highest profits ever, attracting substantial investor interest.
5 world market themes for the week ahead
Markets anticipate a busy start to the year. Key U.S. jobs data is due. OPEC+ meets on oil output. Commodity indexes rebalance. Initial public offerings are expected to increase. Investors remain optimistic despite potential risks from U.S. Supreme Court rulings and a new Federal Reserve chair announcement.
Berkshire Hathaway enters post-Buffett era as shares drift lower
Berkshire Hathaway's post-Buffett era commenced with a slight dip in shares as Greg Abel assumed the CEO role. The conglomerate, now valued over $1 trillion, faces challenges finding needle-moving acquisitions amidst a record cash pile. Abel inherits a strong financial position, with Buffett remaining as chairman to support the transition.
Affordability crisis in New York: Zohran Mamdani's focus on rising rents & more — how will the new mayor handle it?
New York City's newly elected Mayor Zohran Mamdani faces immense challenges, including a severe housing affordability crisis and rising living costs. His ambitious plans for rent freezes and affordable housing construction are met with financial hurdles. With a projected budget shortfall and weakening federal support, Mamdani's success hinges on political organizing and navigating a complex economic landscape.
Textile PLI Scheme: Govt Extends Last Date For Filing Applications Till March 31
The extension comes amid a strong response since the application portal was reopened in August 2025.
From Arya.ag To Knight Fintech — Indian Startups Raised $104 Mn This Week
With the onset of new year and festive celebrations, the funding flow remained flat with merely two startups raising capital…
President Trump orders divestment in $2.9 million chips deal to protect US security interests
President Trump has ordered the unraveling of a $2.9 million deal involving Emcore Corp.'s computer chips, citing national security concerns. The executive order mandates HieFo Corp., reportedly owned by a Chinese citizen, to divest the technology within 180 days. This move scrutinizes a transaction initially announced during the Biden administration.
Dow closes higher on first day of 2026, still no Santa Claus rally
Major indexes like the Dow and S&P 500 closed higher on Friday, ending a four-day losing streak to begin 2026. Chip makers, industrials, and utilities fueled the gains, while tech giants and consumer discretionary stocks saw declines.
ITC slides to three-year low as tobacco excise hike prompts brokerage downgrades
ITC shares plummeted to a three-year low following a government excise duty hike on tobacco products. Brokerages downgraded the stock, citing fears of dampened cigarette demand and significant impact on profitability. Investors are advised to wait for clarity on price hikes and volume trends before considering buying.
India's Forex Reserves Jump $3.3 Billion To $696.61 Billion; Gold Holding Up $2.9 Billion
Foreign currency assets, a major component of the reserves, increase $184 million to $559.612 billion during the week ended December 26.
Two executives quit IndusInd, bank fills key posts
IndusInd Bank announced the resignations of two senior executives, Rana Vikram Anand and Anish Behl, who are leaving to explore new opportunities. Anand will depart in April 2026, while Behl's tenure concludes in January. These departures follow a series of senior-level exits, though the bank has simultaneously bolstered its leadership with recent appointments in wholesale banking, data, and human resources.
Planning a premium upgrade, these smartwatches with metal build caught my eye
Metal-build smartwatches combine durability with refined design, offering reliable performance, health tracking and a premium feel for everyday wear.
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On January 3
Petrol, Diesel Prices On January 3: Check City-Wise Rates Across India Including In Delhi, Mumbai and Chennai.
Adani Enterprises to raise up to Rs 1,000 crore via NCDs
Adani Enterprises is launching a public issue of non-convertible debentures to raise up to one thousand crore rupees. The issue offers various tenors and interest payment options. This fundraising aims to meet the company's financing needs, including refinancing and general corporate purposes. The debentures are rated CARE AA- and AA- (Stable) by respective agencies.
Coloured diamonds shine brighter: Ultra rich chase pink, blue stones — what’s driving the demand?
Ultra-wealthy Indians are increasingly investing in rare pink, blue, and yellow diamonds, driving a 20-25% demand surge. These coloured stones, far rarer than white diamonds, are seen as both fashion statements and lucrative long-term assets. Their rising prices are fueled by global trends and increasing scarcity, with significant appreciation over the past two decades.
Realme 16 Pro to launch in India on Jan 6 with 200MP camera and Dimensity 7300-Max chip: Everything we know so far
Realme is set to launch the Realme 16 Pro in India on January 6, 2026. The smartphone features a 200MP LumaColor camera, a 7000mAh battery, 1.5K 144Hz AMOLED display, Dimensity 7300-Max chipset and Realme UI 7.0. Here's all we know so far.
Sebi developing AI-driven tool to analyse cyber safety at entities
Sebi is developing an AI-powered tool to analyze the cyber safety preparedness of regulated entities, aiming to strengthen risk-based supervision. Additionally, a working group is being formed to create a technology roadmap for market infrastructure institutions, ensuring innovation enhances market integrity.
Rupee down 22 paise to 90.20/dollar amid disappointing macro data
The Indian rupee depreciated by 22 paise to settle at 90.20 against the US dollar on Friday. This decline was attributed to disappointing macroeconomic data, foreign fund outflows, and strong dollar demand from importers. However, weak crude prices and a surge in domestic equities provided some support.
Can Nifty sustain its momentum after scaling fresh all-time highs?
Indian benchmark indices, Nifty50 and Sensex, closed at record highs on Friday, marking their best weekly gains in seven weeks. This surge followed a period of range-bound trading, with analysts predicting further upward movement. Market participants anticipate significant gains for both indices in 2026, despite a cautious VIX.
India spent Rs 1.1 lakh Cr on NYE; Knight FinTech raises $23.6M
Meanwhile, the Ministry of Electronics and IT approved 22 new proposals under the Electronics Components Manufacturing Scheme, with a projected investment of Rs 41,863 crore and production of Rs 2,58,152 crore. Here’s what it entails.
Sprawling CES gadgetfest a world stage for AI and its hype
Sprawling CES gadgetfest a world stage for AI and its hype
LIC launches special campaign to revive lapsed policies
LIC has launched a two-month campaign from January 1 to March 2, 2026, to revive lapsed individual policies. The drive offers up to a 30% concession on late fees for non-linked policies, capped at Rs 5,000, and a 100% waiver for micro insurance. This initiative aims to help policyholders restore their insurance cover.
