Asian stocks gain after Trump touts Greenland deal
Asian stocks rose, mirroring Wall Street’s gains, as President Trump’s comments on a “framework” deal regarding Greenland eased market concerns. Precious metals retreated, with gold and silver falling. The US president’s remarks signaled a de-escalation of geopolitical and trade tensions, leading to a return of risk appetite in equities.
India to remain fastest-growing major economy despite global tensions: RBI
India’s economy is poised for strong growth, projected to be the world’s fastest. Domestic demand is robust, and the manufacturing and services sectors are performing well. Despite global geopolitical risks and US trade tariffs, Indian exporters are diversifying.
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 […]
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.
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.
ICICI Pru MF to reopen lump-sum investments
ICICI Prudential Mutual Fund will resume lump-sum investments in its small-cap fund on January 23, after previously limiting inflows due to stretched valuations. The fund house had warned of overvaluation in mid- and small-cap stocks, noting their market-cap growth outpaced profit share. Valuations have since cooled, though many still consider them elevated.
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.