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The program will maintain its current structure as part of the grandfathering procedure, but after three years, starting on January 20, 2026, it will be combined and/or wound up. ICICI Prudential Mutual Fund has declared that its Global Advantage FoF and Passive Multi-Asset Fund of Fund would be grandfathered starting on January 27, 2026. The AMC claims that this is because the fund's current structure is not covered by SEBI's new Fund of Funds regulations (as stated in a letter from SEBI to AMFI on February 6, 2025). The Passive Multi-Asset Fund of Fund will no longer accept new investments, including lump sum purchases, SIPs, and STPs, as of January 27, 2026. The IDCW reinvestment option will be changed to the IDCW payout option on February 5, 2026, and current SIPs and STPs will be ended. By January 2029, the program will either be closed or combined in three years. Investors may still redeem their units, transfer to different funds, and go on with current SWPs and STP-outs,...

The rupee's decline to a record low of 92 against the US dollar on January 23 is starting to put a strain on budgets, raising the cost of everything from electronics and crude oil to international travel and education while providing some respite to exporters.Throughout the day, the local currency fell to an all-time low of 92 per dollar before slightly rising to close at 91.88 (provisional). Weak domestic equities markets, persistent selling by foreign investors, and a risk-averse attitude in international markets were the main causes of the decline. The rupee fell 68 paise to finish at 91.65 on January 21, marking the previous record low closing level, according to PTI. The rupee has lost 202 paise, or more than 2%, so far this month. Due to ongoing foreign fund withdrawals and the strength of the dollar, it had dropped by over 5% in 2025. A weaker rupee directly impacts imports, as buyers need to pay more rupees for the same quantity of goods priced in dollars. India is about 85...

Due to a declining rupee, sales of dollar bonds by Indian firms fell more than 37% to $8.3 billion through 21 transactions in 2025. As foreign currency debt issuance slowed, Deutsche Bank AG overtook Standard Chartered Bank to secure the top position arranging dollar bonds for Indian debtors for the first time since 2007. According to Bloomberg data, the bank assisted in raising dollar bonds for a number of Indian borrowers, including non-banking finance company Muthoot Finance Ltd., Sammaan Capital, and Vedanta Resources Ltd., the biggest issuer in 2025. Deutsche Bank's rise coincided with a decrease in international debt sales by Indian companies. The appeal of offshore issuance was diminished by the weakening rupee and rising foreign hedging costs, particularly for borrowers with few international businesses. According to the data, dollar bond sales by Indian corporations fell more than 37% to $8.3 billion through 21 transactions in 2025. At ₹13.6 lakh crore (~$151 billion), sa...

Dr. London emphasizes the need of a healthy lifestyle while recommending three essential supplements to improve heart health: omega-3s, magnesium, and CoQ10. The most vital organ in your body is your heart. As a result, it's critical that you take care of it by eating a balanced diet, exercising frequently, and abstaining from bad habits like drinking and smoking. While following the aforementioned guidelines can help maintain heart health, taking certain supplements can also improve cardiovascular health. Dr. Jeremy London, a board-certified cardiovascular surgeon with over 25 years of experience, identified three important supplements that may improve heart function and longevity in a video posted on January 17. Three heart-healthy vitamins In his discussion of the three supplements that can assist enhance cardiovascular health, Dr. London emphasizes the importance of magnesium for controlling blood pressure and cardiac rhythm, omega-3 fatty acids for controlling blood fat levels...

Elon Musk demands $79 billion to $134 billion in damages from OpenAI Inc. and Microsoft. Elon Musk has demanded $79 billion to $134 billion in damages from OpenAI Inc. and Microsoft for allegedly defrauding him by forsaking its charity origins and collaborating with the software behemoth. A day after a federal judge denied OpenAI and Microsoft's last attempt to defer a jury trial scheduled for late April in Oakland, California, Musk's attorney described the damages request in a court filing on Friday. The lawsuit claims that Musk is entitled to a portion of OpenAI's current $500 billion valuation because he was robbed of the $38 million in seed money he provided to the business when he helped form it in 2015, using estimates made by C. Paul Wazzan, a financial economist expert witness. "The wrongful gains that OpenAI and Microsoft have earned, which Mr. Musk is now entitled to disgorge, are much larger than Mr. Musk's initial contributions, just as an early invest...

Although Tehran has hinted at swift trials and executions as part of its crackdown on demonstrators, U.S. President Donald Trump claimed to have been informed "on good authority" that plans for executions in Iran have halted. Early on Thursday, January 15, 2026, as tensions with the United States remained high following Tehran's brutal crackdown on statewide rallies, Iran further extended an order restricting its airspace to commercial planes without providing an explanation. The closure was expected to extend until 7.30 a.m. local time, according to a notification to pilot. The airspace had been blocked for slightly more than two hours by an earlier directive. Without giving many specifics, Doland Trump told reporters that he had been informed that plans for executions in Iran had been halted. The change occurs one day after Mr. Trump assured Iranian demonstrators that "help is on the way" and that his administration will "act accordingly" in response...

As investors rushed for protection, gold shot through $4600 per ounce to reach a new all-time high. The rise in the price of the precious metal is a reflection of two issues: growing turmoil in Iran and political meddling in US monetary policy. This year, the metal's performance has been outstanding. In an era of rising real yields, those who disregarded the appeal of gold have been shown to be mistaken. When markets are anxious, political uncertainty takes precedence over conventional valuation indicators. The Powell disclosure shakes the stock markets. Financial markets were rocked when Federal Reserve (Fed) chairman Jerome Powell revealed that the Trump administration had threatened to arrest him. A pillar of contemporary monetary policy, central bank independence, was immediately called into question by the discovery. Following Powell's remarks, S&P 500 futures fell about 0.5%, while European equities futures also slightly decreased. Although the actions were modest, ...