'Poor planning': Nithin Kamath questions stock market closure during BMC polls; flags 'serious lack of appreciation'

Zerodha founder Nithin Kamath criticized the closure of Indian stock exchanges on January 15 for Mumbai's municipal elections, citing poor planning and a lack of appreciation for second-order effects. He argued that such a holiday, driven by local civic polls, undermines global investor confidence. Trading is set to resume on January 16 after the election-related holiday.

Industry Trends

Apple M5 Pro and M5 Max MacBook Pro Could Reportedly Launch on January 28

Apple may launch new high-end MacBook Pro models powered by the M5 Pro and M5 Max chips on January 28, according to a speculative report. The date coincides with the debut of Apple’s Creator Suite subscription, which targets the same professional audience. While Apple has not confirmed the launch, the timing aligns with its past hardware release patterns. The update is expected to fill gaps left after the October 2025 launch of the base M5-powered 14-inch MacBook Pro.

KKR raises $2.5 billion for Asia Pacific private credit bets

The raise comprises $1.8 billion for KKR Asia Credit Opportunities Fund II and $700 million from separately managed accounts pursuing a similar strategy. At final close, the fund is the largest pan-regional performing private credit fund in Asia Pacific, KKR said on Wednesday.

Bank holiday today: Are banks closed on January 15 for Uttarayana, Pongal, Makara Sankranti & BMC elections — check list

Banks across several Indian states are closed today, January 15, 2026, for various regional festivals and local elections. Residents in Maharashtra, Karnataka, Tamil Nadu, Sikkim, Telangana, Uttar Pradesh, and Andhra Pradesh should note these closures. Plan your banking needs accordingly, as many branches will remain shut for upcoming holidays throughout January.

Industry Trends

Gemini Gets Personal Intelligence, Can Connect to Google Apps to Provide Personalised Answers

Google introduced a new feature in Gemini, its artificial intelligence (AI) chatbot, that solves two key problems. Memory and context are crucial for anyone who invests in a conversation with the AI or has a long-term project going on. Gemini, like any other chatbot, suffers from hallucination and forgetfulness in a chat window that goes on for too long.