News Digest
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Carney, Macklem Congratulate Warsh on Federal Reserve Nomination
Canadian Prime Minister Mark Carney and Bank of Canada Governor Tiff Macklem congratulated Kevin Warsh on his nomination to lead the Federal Reserve.
Binance Founder Zhao Fends Off Crypto Market Crash Accusations
Changpeng “CZ” Zhao, co-founder and former chief executive officer of Binance, said lingering accusations that the world’s largest digital asset platform bears responsibility for the crypto market crash last October are “far-fetched.”
P&G Hygiene Q3 FY26 profit rises 12% to ₹301 crore on operational efficiencies
Procter & Gamble Hygiene and Health Care delivered improved profitability in the December quarter, aided by lower expenses and better operational efficiency. The maker of Vicks and Whisper also rewarded shareholders with an interim dividend, including a one-time special payout for FY26.
India government sets deadline for financial bids for IDBI, says report
India sets February 5 deadline for financial bids in IDBI Bank divestment, with Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank approved as bidders for a 60.7% stake sale.
Relaxo Footwears Q3 FY26 profit falls 20% to ₹26.5 crore despite stable revenue
Relaxo Footwears posted steady topline performance in the December quarter, supported by strong traction in organised retail, e-commerce, and large-format stores. However, higher expenses weighed on profitability, prompting the company to emphasise a balanced focus on growth and margins going forward.
Ashoka Buildcon's net profit jumps over three-fold; revenue falls 23%
Ashoka Buildcon's Q3 profit jumped to ₹2,111.41 crore, despite a 23% revenue drop. Shares of Ashoka Buildcon Ltd ended higher on Friday, January 30, by 3.72% at ₹149.99 on the NSE.
US SEC advances civil fraud case against Gautam and Sagar Adani over alleged bribery scheme
The SEC’s long-stalled civil action against Gautam Adani has regained momentum after his US-based legal representatives agreed to accept the regulator’s court papers. If approved by the judge, the move will set the clock running for Adani and his nephew Sagar Adani to formally respond to allegations tied to Adani Green Energy.
LIC Housing Finance Q3 profit declines 3% amid stable revenue, improved asset quality
LIC Housing Finance reported a modest decline in Q3 FY26 profitability, with net profit falling sequentially and year-on-year, even as loan growth and disbursements remained steady. Revenue rose marginally on a yearly basis, supported by higher net interest income and improved margins, while asset quality continued to improve with lower Stage 3 exposure.
Air India AI171 crash probe: AAIB examining aircraft components, ‘nothing ruled out’ yet
Investigators probing the deadly June 2025 Air India Dreamliner crash are continuing a multi-layered assessment of technical systems, cockpit actions, organisational processes and environmental conditions. Sources say the AAIB is closely examining specific aircraft components while following an elimination-based framework, even as speculation over possible pilot-related factors draws scrutiny.
Zupee cuts about 200 jobs in second layoff after money-gaming ban
The latest reductions, announced on Friday, affect multiple teams and form part of what the company described as a limited organisational realignment to adapt to the evolving regulatory and market environment.
Budget 2026: Higher defence capex could open new runway for drone and aerospace startups
India’s defence tech startup ecosystem is entering a pivotal phase as Budget 2026 approaches, with expectations of a sharp rise in defence capital expenditure and possible policy reforms. With funding crossing $711 million and investment increasingly concentrating in execution-ready firms, higher government spending and potential FDI liberalisation could accelerate the shift from innovation to large-scale defence manufacturing.
Sebi opens special window for transfer, demat of physical securities from Feb 5
Capital markets regulator Sebi has introduced a special oneyear window to allow investors to complete their pending transfer and dematerialisation of physical securities from February 5.
Who is Jane Lauder? Wife of Fed chair pick Kevin Warsh is billionaire Ronald Lauder’s daughter
Jane Lauder, Kevin Warsh’s wife, is the granddaughter of global cosmetics industry legend Estée Lauder. She is the daughter of billionaire Ronald Lauder, who is the sole heir to the The Estée Lauder Companies.
Unbox Robotics to deploy Series B funds for faster global expansion, new product launches; seeks capex, R&D push in Budget
Fresh off a $28 million Series B raise, Unbox Robotics is sharpening its focus on expanding warehouse automation deployments in Europe and the US, while calling on Budget 2026 to boost robotics adoption through capex incentives, stronger R&D support, and ESOP tax relief.
Meesho Q3 loss widens to ₹491 crore as festive-season expenses jump 44%
Meesho reported a sharp widening of losses in Q3 FY26 as festive-season spending led to a steep rise in expenses, even as revenue and platform activity grew strongly. Higher costs, largely driven by other expenses, outweighed a 31% increase in revenue and a 26% rise in NMV.
Top stories | Trump’s Fed pick, gold and silver in tailspin, SEBI nod for NSE IPO & more
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Sebi opens one-year special window for transfer and dematerialisation of physical securities
Investors holding physical securities can now breathe easy. Sebi has opened a special one-year window, from February 5, 2026, to February 4, 2027, allowing them to transfer and dematerialise shares that faced procedural or documentation issues before the April 2019 mandate. This initiative aims to resolve long-standing grievances and grant rightful access to these assets.
Wow! Momo Staff Arrested In Kolkata Warehouse Fire Case
Two employees of a quick service restaurant (QSR) chain Wow! Momo have been detained by West Bengal Police in connection…
[Weekly funding roundup Jan 24-30] Venture capital inflow sees sharp dip
The month of January ended on a disappointing note as the last week saw a sharp decline in venture capital funding, primarily due to a lower number of deals.
AmEx projects upbeat 2026 profit as affluent spending holds up; shares dip
American Express forecast annual profit largely above Wall Street expectations on Friday, underscoring resilient spending by its young and affluent customers, but a small miss on holiday-quarter profit weighed on its shares.
Bombardier shares drop 9% after Trump threatens Canada with aircraft tariffs, decertification
Bombardier shares dropped 9% on Friday after U.S. President Donald Trump threatened to decertify the private jet maker's large-cabin planes "and all Aircraft made in Canada" and slap 50% import tariffs on new planes until Canada certified the latest aircraft produced by U.S. rival Gulfstream.
Need to spend more to grow retail health: Niva Bupa CEO
Niva Bupa CEO Krishnan Ramachandran highlights a key issue in India's health insurance market. He explains that loss-making corporate group policies are cross-subsidised by retail health insurance. This practice, rather than high acquisition costs, is impacting retail insurance penetration.
Sebi removes letter of confirmation requirement, allows direct credit of securities to demat accounts
The Securities and Exchange Board of India, SEBI, is simplifying investment processes. A Letter of Confirmation for credit of securities will no longer be required. Instead, securities will be directly credited to investors' demat accounts. This change aims to speed up the process significantly. The new system will be effective from April 2, 2026.