Kotak arm hopes to close its $2-billion fund in 6 months
INDIA MUTUAL FUNDS | Sat, 24 Jan 2026, 7:35AM IST
Kotak Investment Advisors is set to launch its largest-ever fund, the $2 billion Kotak Strategic Situations Fund III, with a first close expected by March and final close by June. Building on past successes, the fund will invest in strategic opportunities across equity, debt, and hybrid instruments. Existing investors are participating, alongside strong interest from new global institutions.
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13m
Higher costs, capacity curbs weigh on IndiGo shares after Q3 show
INDIA MARKET | Sat, 24 Jan 2026, 7:27AM IST
IndiGo's shares fell on Friday following a significant drop in quarterly profit. Brokerages offered mixed views, citing short-term challenges like rising costs and currency issues. However, many remain positive about the airline's long-term growth potential. Analysts project potential upside for the stock in the coming year, despite some caution regarding immediate future earnings.
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20m
Trump stirs talk of 'new world order'
INDIA NEWS | Sat, 24 Jan 2026, 7:15AM IST
President Donald Trump gives. And he takes away.Offended by Canadian Prime Minister Mark Carney's increasingly assertive posture toward the US, Trump revoked an invitation to join his Board of Peace. Many Western allies are suspicious of the organisation, which is chaired by Trump and was initially formed to focus on maintaining the ceasefire in Israel's war with Hamas but has grown into something sceptics fear could rival the United Nations.Appearing at the World Economic Forum, Trump spoke of imposing tariffs on Switzerland - which he ultimately lowered - because the country's leader "rubbed me the wrong way" during a phone call. Before shelving sweeping tariffs on multiple European countries, Trump pressed Denmark to "say yes" to the US push to control Greenland "and we will be very appreciative. Or you can say no and we will remember," he said, imperiling the NATO alliance.Over his decades in public life, Trump has never been one for niceties. But even by his standards, the tumult of the past week stood out because it crystallised his determination to erase the rules-based order that has governed US foreign policy - and by extension most of the Western world - since World War II.The president and his supporters have dismissed that approach as inefficient, overly focused on compromise and unresponsive to the needs of people contending with rapid economic change. But in its place, Trump is advancing a system that is poorly understood and could prove far less stable, driven by the whims of a single, often mercurial, leader who regularly demonstrates that personal flattery or animus can shape his decisions.Returning to the US from Davos, home to the World Economic Forum, Republican Sen Lisa Murkowski of Alaska said the phrase she heard "over and over" was that "we are entering this new world order" as she described a sense of confusion among allies."It may be you just had a bad telephone call with the president and now you're going to have tariffs directed at you," she told reporters. "This lack of stability and reliability, I think, is causing what were traditionally reliable trade partners to be saying to other countries, Hey, maybe you and I should talk because I'm not sure about what's going on with the United States.'" The Trump-centric approach to governing The Trump-centric approach to governing is hardly surprising for someone who accepted his first Republican presidential nomination in 2016 by declaring that "I alone can fix" the nation's problems. As he settles into his second term with a far more confident demeanour than his first, he has delighted supporters with his to-the-victor -goes-the-spoils style.Steve Bannon, Trump's former adviser, recently told the Atlantic that Trump is pursuing a "maximalist strategy" and that he must keep going "until you meet resistance." "And we haven't met any resistance," Bannon said.That's certainly true in Washington, where the Republican-controlled Congress has done little to check Trump's impulses. But leaders of other countries, who have spent much of Trump's administration trying to find ways to work with him, are increasingly vocal.Carney is quickly emerging as a leader of a movement for countries to find ways to link up and counter the US. Speaking in Davos ahead of Trump, Carney said, "Middle powers must act together because if you are not at the table, you are on the menu." "In a world of great power rivalry, the countries in between have a choice: to compete with each other for favour or to combine to create a third path with impact," he continued. "We should not allow the rise of hard powers to blind us to the fact that the power of legitimacy, integrity, and rules will remain strong - if we choose to wield it together." Trump did not take kindly to those remarks, responding with threats in Davos before yanking the Board of Peace invitation."Canada lives because of the United States," Trump said. "Remember that, Mark, the next time you make your statements." Some leaders are pushing back Carney, however, was unbowed, speaking of Canada as "an example to a world at sea" as he crafted a potential template for other world leaders navigating a new era."We can show that another way is possible, that the arc of history isn't destined to be warped toward authoritarianism and exclusion," he said in a speech before a cabinet retreat in Quebec City.In the UK, Prime Minister Keir Starmer blasted Trump on Friday for "insulting and frankly appalling" comments in which he expressed doubt that NATO would support the US if requested. The president seemingly ignored that the only time Article 5 of NATO's founding treaty, which requires all member countries to help another member under threat, was invoked was after the 9/11 attacks on the US.Referring to non-US troops, Trump told Fox Business Network, "You know, they'll say they sent some troops to Afghanistan, or this or that, and they did, they stayed a little back, a little off the front lines." Starmer, noting the 457 British personnel who died and those with life-long injuries, said he will "never forget their courage, their bravery and the sacrifice they made for their country." Denmark, which Trump has belittled as "ungrateful" for US protection during World War II, had the highest per capita death toll among coalition forces in Afghanistan.
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32m
Sebi accuses executives at EY, PwC of insider trading
INDIA MARKET | Sat, 24 Jan 2026, 7:10AM IST
India's securities regulator has accused current and former executives from PwC, EY, Carlyle, and Advent. They allegedly breached insider trading rules concerning a 2022 Yes Bank share sale. The regulator claims unpublished price-sensitive information was shared, leading to unlawful gains. The notice follows an investigation into Yes Bank's share movements before a significant offering.
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37m
Sebi approval opens door for 13 IPOs across diverse sectors
INDIA MARKET | Sat, 24 Jan 2026, 7:06AM IST
Securities and Exchange Board of India has given the green light to thirteen companies for their Initial Public Offerings. Firms like Sify Infinit Spaces and Commtel Networks are among those that received Sebi's final observations. This clearance allows these companies to move forward with their plans to raise capital through the stock market.
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41m
Adani Group stocks slide up to 14% on US SEC heat
INDIA MARKET | Sat, 24 Jan 2026, 6:59AM IST
Adani Group stocks saw a sharp decline on Friday. This followed news that the US SEC is seeking court permission to email summons to founder Gautam Adani and nephew Sagar Adani. Allegations involve fraud and a bribery plot. The group's market value dropped by over $9 billion. Investors are advised to wait for clarity.
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48m
Novo Nordisk sued in US for drug monopoly
INDIA NEWS | Sat, 24 Jan 2026, 6:59AM IST
Danish pharmaceutical giant Novo Nordisk was hit with a class action lawsuit in New York federal court on Friday for allegedly misusing its patents to maintain a monopoly on its diabetes drug Victoza.The complaint from South Carolina-based drug wholesaler Smith Drug accused Novo of using a "pay-for-delay" scheme with generic drugmaker Teva Pharmaceutical to illegally delay cheaper generic versions of the drug.A Novo spokesperson declined to comment on the complaint. A spokesperson and attorneys for Smith Drug did not immediately respond to a request for comment. Spokespeople for Teva, which is not a defendant in the lawsuit, also did not immediately respond to a request for comment.Victoza, approved by the U.S. Food and Drug Administration in 2010, was Novo's first-generation blockbuster GLP-1 drug. The lawsuit said that Novo sold more than $5 billion worth of the drug in the United States in 2018, though its sales have since decreased.Novo's second-generation GLP-1 drug Ozempic has helped make the company the most valuable in Europe.Teva launched the first generic version of Victoza in 2024. According to the complaint, Novo unlawfully paid to delay Teva's entry into the generic market as part of a 2019 settlement of patent litigation between the companies.The lawsuit said that generic Victoza would have been on the market in 2023 without Novo and Teva's agreement. Smith Drug asked the court for an unspecified amount of monetary damages on behalf of a proposed class of Victoza purchasers.The case is Smith Drug Co v. Novo Nordisk Inc, U.S. District Court for the Eastern District of New York, No. 1:26-cv-00420.For Smith Drug: Garwin Gerstein & Fisher; Faruqi & Faruqi; Berger Montague; Silver Golub & Teitell; Odom & Des Roches; Heim Payne & Chorush; and Smith Segura Raphael & LegerFor Novo: attorney information not yet available.
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49m
RBI lines up a big liquidity push amid rupee's slideshow
INDIA MARKET | Sat, 24 Jan 2026, 6:52AM IST
The Reserve Bank of India has announced three liquidity-boosting measures, including open market operations and a dollar-rupee swap, totaling approximately 1.92 lakh crore. These actions aim to enhance system liquidity and support the transmission of previous rate cuts. Experts anticipate further liquidity injections in the coming months.
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55m
IndusInd Bank Q3 net profit falls on rise in provisions
INDIA MARKET | Sat, 24 Jan 2026, 6:47AM IST
IndusInd Bank's net profit plummeted 91% to 128 crore in the third quarter due to deteriorating asset quality and increased provisions. Despite this sharp decline, the bank returned to profitability after a significant loss in the previous quarter, which was impacted by microloan provisions and derivative misreporting issues.
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1h
IndusInd net falls on rise in provisions, expects better Q4
INDIA MARKET | Sat, 24 Jan 2026, 6:47AM IST
IndusInd Bank's net profit plummeted 91% to 128 crore in the third quarter due to deteriorating asset quality and increased provisions. Despite this sharp decline, the bank returned to profitability after a significant loss in the previous quarter, which was impacted by microloan provisions and derivative misreporting issues.
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1h
Adani regulatory buzz, offshore flows push rupee to new lows against dollar
INDIA MARKET | Sat, 24 Jan 2026, 6:44AM IST
The Indian rupee hit a record low of 91.97 against the dollar on Friday, driven by equity selling and importer demand. Reports of potential US regulatory summons to billionaire Gautam Adani in connection with alleged bribery and fraud significantly impacted the currency's retreat. Foreign investors have divested over $3 billion from Indian markets this month.
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1h
Gold price climbs 10 to 1,57,160; silver up 100, trading at 3,40,100
INDIA MARKET | Sat, 24 Jan 2026, 6:38AM IST
The price of 22-carat gold increased by 10, with ten grams of the yellow metal selling at 1,44,060
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1h
Sensex, Nifty slide nearly 1% as falling rupee, global tensions spark risk-off trade
INDIA MARKET | Sat, 24 Jan 2026, 6:33AM IST
Indian stock markets ended a difficult week with a significant drop on Friday. The rupee hit new record lows, and global tensions fueled investor caution. Shares of Adani Group companies saw a sharp decline. Broader markets also experienced substantial losses. Investors are concerned about global uncertainty and potential conflicts.
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1h
Tremors in Japan Prompt Treasury to Weigh Currency Intervention
GLOBAL NEWS | Sat, 24 Jan 2026, 6:06AM IST
New York Fed inquiries about the cost of exchanging yen for dollars signaled to traders on Friday that the U.S. government might make a large purchase of the Japanese currency.
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1h
Three more global companies set to hop on Indias GCC train
INDIA MARKET | Sat, 24 Jan 2026, 6:00AM IST
Videotelephony firm Zoom, telecom giant T-Mobile and low-cost airline Southwest Airlines are among the latest global companies considering the establishment of global capability centres (GCCs) in India, said people aware of the matter, adding that they are in talks with several states toward this end.
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1h
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