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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 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 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 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 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.
Apple's AI chatbot, codenamed Campos, will be embedded deeply into the iPhone, iPad and Mac and replace the Siri interface.
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.
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.
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.
AI, telecom infra vital for each other, concerns remain on AI-based system's impact: Trai Chair
Wipro Chairman Rishad Premji highlights AI scaling as the key challenge, with deal conversion delays impacting growth, but expects revenue upside as order bookings rise and AI platforms expand.
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