News Digest
Jobs, funding, startups & career opportunities - updated every 30 minutes
Beyond the Crash: Is Kalyan Jewellers underperformance a red flag?
Kalyan Jewellers’ stock has hit a 52-week low, falling 17.5% year-to-date due to institutional selling and increased promoter share pledging.
Forget OpenAI, Apple may be working on its own AI Pin: here’s what’s leaked so far
Apple is reportedly developing an AI Pin to take on OpenAI. The device is said to be the size to an AirTag while featuring multiple cameras, microphones, and a speaker.It is said to be in early development stages and could launch by 2027
PFC's zero coupon bonds a smart bet with tax advantage
Investors are exploring Power Finance Corporation zero coupon bonds for diversification. These bonds offer attractive post-tax returns, surpassing bank deposits and tax-free bonds. With falling interest rates, there is potential for capital appreciation in the coming years. The issue is currently open for subscription, providing an opportunity to lock in gains.
India cracks down on ‘privacy cryptos’, flags money laundering risks
India is taking a strong stance against privacy cryptocurrencies. The Financial Intelligence Unit has directed crypto exchanges to stop dealing in these virtual assets. This move aims to curb money laundering and mask transaction trails. Privacy coins like Monero and Zcash use advanced cryptography to hide user identities and transaction details. This directive could significantly impact trading on recognized platforms.
FDI inflows dip marginally, outflows fall sharply
India experienced a slight dip in gross FDI to $6.4 billion in November, while net FDI saw a reduced outflow of $446 million. Singapore, Mauritius, the US, and the UK were major contributors to outward FDI, primarily directed towards manufacturing, financial, insurance, and business services sectors.
Kalyan shares fall the most in 3 years as stake-sale fears spook investors
Kalyan Jewellers' shares plummeted over 12% on Wednesday, marking their steepest single-day fall in three years and extending a nine-session losing streak. Investors are nervous due to concerns about a mutual fund potentially reducing its stake, coupled with an increase in promoter share pledging. Margin calls also contributed to the significant decline.
FMCG firms seen posting mid-to-double digit Q3 growth as volumes recover
FMCG companies anticipate mid-single to low-double-digit revenue growth in the December quarter, fueled by volume increases, easing GST disruptions, and stable pricing. Resilient rural demand and portfolio premiumization are key drivers, with ITC and HUL expected to show healthy improvements. Nestle India is poised for double-digit revenue growth as post-GST normalization continues.
Foreign investors not done with selling, FMCG tops list in 2026
Foreign investors withdrew ₹22,420 crore from Indian markets in early January 2026. The FMCG sector saw the largest sell-off, losing shares worth ₹6,128 crore. Financial services and IT also experienced outflows. Investors are reportedly sensitive to high valuations in FMCG. Metals and mining was the only sector to see significant foreign buying.
TikTok Gets Reprieve in Canada After Court Shelves Ban Order
TikTok will be able to continue operating its subsidiary in Canada for now, after a previous order for it to wind down its operations in the country was shelved by a judge.
How FM can simplify TCS to ease cash flow pressure
India's Tax Collected at Source (TCS) has evolved from an anti-evasion measure to a real-time monitoring tool, now impacting everyday taxpayers. Recent changes aim to ease cash flow for salaried individuals by allowing TCS adjustment against monthly deductions, while others await refunds or adjust against advance tax.
L'Oreal to pump 3.5k cr in 1st AI-powered global tech hub
Beauty giant L'Oreal is establishing its inaugural AI-powered global beauty tech innovation hub in Hyderabad, investing 350 million euros by 2030. This first-of-its-kind facility will focus on next-generation AI beauty innovations, creating approximately 2,000 advanced tech jobs and integrating with L'Oreal's global tech network.
Zomato founder Goyal steps down as grp CEO
Cabinet approves Rs 5,000cr equity infusion for Sidbi
The Union cabinet has approved Rs 5,000 crore in equity support for Sidbi to boost credit flow to small businesses. This infusion, spread over three years, aims to enable Sidbi to offer competitive loans to MSMEs. The initiative is projected to create 1.1 crore jobs and add 25.7 lakh new MSME beneficiaries by 2027-28.
Apple to revamp Siri as a built-in iPhone, Mac AI chatbot to fend off OpenAI
Apple's AI chatbot, codenamed Campos, will be embedded deeply into the iPhone, iPad and Mac and replace the Siri interface.
Capri Global Capital CEO Monu Ratra steps down
In his resignation letter addressed to the company's board of directors, Ratra said that after careful thought and personal reflection, he had decided to explore entrepreneurial opportunities.
ET@Davos: Private investment to rebound once tariff disruption settles, says CS Setty, Chairman, SBI
SBI Chairman Challa Sreenivasulu Setty anticipates a private investment rebound once US tariff issues resolve. He believes SBI can achieve its growth aims organically, focusing on AI to boost efficiency. Setty also noted room for consolidation in public sector banking, but SBI does not need inorganic growth. Savings accounts are stable, but current accounts are impacted by government cash management.
NITI Aayog suggests setting up of national agency to implement green transition for MSMEs
NITI Aayog recommends a national project management agency for MSMEs’ green energy transition, aiming for net zero by 2070, with sector-specific roadmaps for cement and aluminium industries.
Payoneer gets in-principle nod from RBI to operate as cross-border payment aggregator
Payoneer India gets Reserve Bank of India nod as payment aggregator-cross border, enabling import and export transactions. CEO Rohit Kulkarni highlights global reach and regulatory presence.
Senco Gold acquires 68% stake in August Jewellery for ₹68 crore
Senco Gold Ltd's board approved a ₹68 crore investment to acquire 68% stake in August Jewellery Private Limited (AJPL), owner of the Melorra brand. AJPL, incorporated in 2015, operates 21 stores across India and specialises in fast-fashion lightweight jewellery. The acquisition aims to strengthen Senco’s digital and omnichannel strategy, create synergies, and enhance innovation and customer experience.
Microsoft 365 down: Several users report outages with Outlook and Teams
Microsoft 365 experienced a significant outage on Wednesday, affecting thousands of users across major cities like Minneapolis, Chicago, and Los Angeles. Issues with Teams and Outlook were reported, with over 4,000 disruptions noted on Downdetector.
Local audit push: CAG flags capacity gaps, calls for stronger PAIs and tech-led audits
India's top auditor has urged strengthening local government audit bodies to boost transparency and quality at the grassroots. A national workshop highlighted challenges and best practices, focusing on improving audit frameworks, technology adoption, and capacity building for local fund audit directors. The aim is to ensure better oversight and public fund utilization.
New labour codes weigh on BFSI sector's earnings
New labour laws in India have increased costs for banks, NBFCs, and insurance firms. Companies adjusted staff benefits to comply with these reforms. HDFC Bank reported an expense impact of about Rs 800 crore. Other lenders like ICICI Bank and Yes Bank also saw significant impacts.