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.
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.
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.
WEF 2026: Navigating global tech and trade disruptions, India stands strong, say CEOs at Davos
Indian corporate leaders at Davos highlighted India’s economic resilience amidst global challenges, emphasizing the need for faster reforms and deeper manufacturing to sustain momentum. They noted opportunities arising from global trade disruptions and the importance of a strong domestic market, while also stressing the need to boost the MSME sector and accelerate AI development.
Vedanta’s Rs 2,500 crore ESOP windfall turns factory floors into shareholder ranks
Vedanta has created one of India’s widest employee-wealth programmes, generating Rs 2,500 crore in benefits over five years through ultra-low-priced ESOPs. Its latest Rs 500 crore grant brings 1,200 employees—many freshers—into the shareholder fold. With 40% workforce coverage.
Jindal Stainless Q3 Results: Profit grows 26% to Rs 828 crore
Jindal Stainless on Wednesday posted 26 per cent year-on-year growth in consolidated net profit to Rs 828 crore in December quarter FY26, driven by increased sales.
Sebi’s rap on the knuckles: Investment adviser pulled up for routing client money through employee account
SEBI reprimanded Ankur Jain of Winway Research for multiple regulatory breaches, including routing client funds through employee accounts, charging overlapping fees, failing to maintain call records, and not resolving SCORES complaints, rejecting his defense explanations.
Foreign funds return to Indian tech stocks on AI growth bets
Foreign investors are returning to Indian IT stocks, driven by the rising adoption of artificial intelligence and improved business visibility. Companies such as TCS, Infosys and HCL Tech are seeing strong AI-led growth, reviving sector sentiment despite near-term earnings pressure and uneven performance across firms.