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INDIA BUSINESS | Wed, 14 Jan 2026, 10:56PM IST Essar Energy Transition achieved record domestic fuel sales in 2025 at its Stanlow refinery. Strong UK demand and an expanded supply network fueled this success. Retail and aviation sectors saw significant growth. Investments in infrastructure and decarbonization are ongoing. The company advocates for refining inclusion in the UK's Carbon Border Adjustment Mechanism to ensure a competitive domestic sector.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 10:51PM IST Dr Reddy's Laboratories has launched a new eye drop in the United States. This over-the-counter solution treats itchy eyes. It is an antihistamine eye drop. The company received approval from the US Food and Drug Administration. This launch expands their existing eye care products. It highlights their ability to bring store-brand equivalents to the US market.

Continue reading at Economic Times

10m

INDIA NEWS | Wed, 14 Jan 2026, 10:41PM IST New Delhi: Senior IPS officer Rakesh Aggarwal was on Wednesday appointed as the director general of the National Investigation Agency (NIA). Aggarwal, a 1994 batch Indian Police Service (IPS) officer of Himachal Pradesh cadre, is currently special director general in the anti-terror agency. He has also been holding the additional charge of the post of DG, NIA.The Appointments Committee of the Cabinet has approved his appointment as DG, NIA for a tenure up to August 31, 2028, the date of his superannuation, an order issued by the Personnel Ministry said.

Continue reading at Economic Times

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INDIA MARKET | Wed, 14 Jan 2026, 10:38PM IST Maharashtra has emerged as the most prepared large state in NITI Aayog's Export Preparedness Index 2024, overtaking Tamil Nadu as several other states gain ground

Continue reading at Business Standard

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INDIA BUSINESS | Wed, 14 Jan 2026, 9:59PM IST Bajaj Auto aims for the number one position in the e-scooter segment, both domestically and internationally, with its electric scooter Chetak. The company has launched the new Chetak C25, priced at Rs 91,399, offering a range of up to 113 km and premium features, catering to diverse urban mobility needs.

Continue reading at Economic Times

1h

INDIA BUSINESS | Wed, 14 Jan 2026, 9:52PM IST Coca-Cola has expanded the role of Sanket Ray, its India and Southwest Asia president, to now include Greater China, Mongolia, Japan, and South Korea. This move, effective March 31, is part of broader leadership changes aimed at focusing on key Asian markets. Ray's extensive regional experience is seen as crucial for tapping into growth potential in these dynamic territories.

Continue reading at Economic Times

1h

INDIA BUSINESS | Wed, 14 Jan 2026, 9:51PM IST French rolling stock maker Alstom has secured a 62 million Indian Railways contract to maintain WAG-12B electric locomotives at the Sabarmati depot till 2031

Continue reading at Business Standard

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INDIA BUSINESS | Wed, 14 Jan 2026, 9:45PM IST The Confederation of Indian Industry (CII) is pushing the government for green hydrogen mandates with incentives. This move aims to boost demand and foster a clean economy. CII suggests blending green hydrogen in sectors like refining and fertilisers. They also propose cost-offset mechanisms and public procurement of green hydrogen products.

Continue reading at Economic Times

1h

INDIA BUSINESS | Wed, 14 Jan 2026, 9:38PM IST Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India

Continue reading at Business Standard

1h

INDIA BUSINESS | Wed, 14 Jan 2026, 9:32PM IST Kotak Mahindra Bank marked three decades of listing on the NSE with a bell-ringing ceremony, underscoring its growth, scale and long-term commitment to India's financial markets

Continue reading at Business Standard

1h

INDIA BUSINESS | Wed, 14 Jan 2026, 9:25PM IST The Reserve Bank of India has enhanced its review mechanism for customer complaints within regulated entities, mandating a senior-level review before rejection or partial resolution. This move aims to ensure speedy and meaningful grievance redressal, with internal ombudsmen playing a key role in oversight and reporting to the board's customer service committee.

Continue reading at Economic Times

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INDIA MARKET | Wed, 14 Jan 2026, 9:17PM IST American shoppers spent more in November. Retail sales saw a 0.6 percent increase, beating forecasts. This rise signals a stronger start to the holiday shopping season than anticipated.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 9:15PM IST Samsung is exploring a smartphone-like upgrade platform for its home appliances in India, inspired by its Galaxy Forever Plan. This initiative aims to make premium appliances more affordable for aspirational customers through a lease-style model, allowing them to trade in older models for newer ones. The company is studying optimal usage periods and certification processes for this new trade-in concept.

Continue reading at Economic Times

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GLOBAL NEWS | Wed, 14 Jan 2026, 9:14PM IST The proposal raises a host of questions about the legality and practicality of bolstering the involvement of the private sector in offensive cyberoperations.

Continue reading at The New York Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 9:13PM IST Austria-based Bajaj Mobility AG (formerly PIERER Mobility AG) is the holding company of the KTM Group, one of Europe's leading motorcycle manufacturers.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 9:02PM IST The Ministry of Electronics and IT (MeitY) has not mandated source code sharing for IT hardware manufacturers, according to industry body MAIT. A recent government memorandum clarifies this, superseding earlier interpretations and safeguarding intellectual property. MeitY is currently consulting with stakeholders on mobile safety and security requirements.

Continue reading at Economic Times

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INDIA NEWS | Wed, 14 Jan 2026, 9:02PM IST The Ministry of Electronics and IT has not mandated the sharing of source code, a part of software that controls the functioning of technology devices, IT hardware manufacturers' body MAIT said on Wednesday.It was recently reported that a draft document of the Manufacturers' Association for Information Technology (MAIT) has expressed views against the need for source code sharing by companies with testing labs as per the Indian Telecom Security Assurance Requirements (ITSAR)."MAIT wishes to categorically state that the Office Memorandum issued on June 18, 2025, by the Government of India overrules any prior interpretations suggesting mandatory sharing of source code. We hereby reiterate that MeitY has not mandated source code," the industry body said.MAIT members include Apple, Samsung, OnePlus, HP, Nokia, Dixon, Lenovo, and VVDN, among others.The IT players' body said that the memorandum from the Ministry of Electronics and IT (Meity) provides clear guidance that supersedes earlier drafts or discussions, ensuring alignment with industry best practices and safeguarding intellectual property."MAIT's internal documents are solely for internal deliberation and knowledge-sharing among members. Any suggestion that MAIT has advocated compulsory source code sharing is incorrect and misleading," the statement said.On Sunday, Meity said it has started routine stakeholder consultations on mobile safety and security requirements with stakeholders, and will address legitimate concerns raised by the industry before firming up any framework.The Indian Telecom Security Assurance Requirements also seek the sharing of source code with a testing lab for security testing.However, the government has not yet mandated it.The ministry said that mobile security is a critical aspect as smartphones are increasingly used for financial transactions, delivery of public services, and storage of sensitive personal information, which makes them attractive targets for cybercriminals."Meity has been engaging with industry representatives to better understand the technical challenges, compliance burdens, and international best practices adopted by smartphone manufacturers. The ministry reiterates that all legitimate concerns raised by the industry will be examined with an open mind, in the best interests of both the country and the industry," the statement had said.According to sources, the ministry has also taken over discussions on safety standards in mobile phones and other communication devices from the telecom department to meet requirements under a telecom security assurance norm.ITSAR broadly covers safety standards for telecom network gear, including those related to software updates and the source code of communication devices.Earlier, the Department of Telecommunications (DoT) used to hold consultations with mobile phone companies on safety standards, but now the communications device part has moved to the Meity.The India Cellular and Electronics Association (ICEA), which represents companies like Apple, Vivo, Xiaomi, and Dixon, said the discussion on safety standards has been going on for several years, and multiple discussions on this issue have taken place.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 8:54PM IST The RBI has proposed changes to how banks calculate net foreign exchange exposure, requiring them to maintain capital for forex risk on a continuous, end-of-day basis

Continue reading at Business Standard

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INDIA MARKET | Wed, 14 Jan 2026, 8:52PM IST US bank stocks fell as investors digested mixed earnings from major lenders and concerns over a proposed credit card interest cap, which could pressure profitability, despite strong loan growth and optimism about longer-term lending momentum.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 8:47PM IST Infosys CEO and Managing Director Salil Parekh on Wednesday clarified that no employee of the IT major has been apprehended by US authorities, dismissing viral social media reports about a purported deportation of a staffer. During the company's Q3 earnings call, Parekh, responding to a specific question, said the rumours that had been circulating online over the past few days. "No Infosys employee has been apprehended by any US authority. A few months ago, one of our employees was denied entry into the US and was sent back to India," Parekh said. The clarification comes in the wake of a post on social media platform X by a user named Chetan Anantharamu, which went viral earlier this week. The post narrated what Anantharamu described as a "wild wild story" involving an Infosys employee from Mysuru who was allegedly on-site for a project in the United States. According to the post, the employee was purportedly "picked up by ICE (Immigration and Customs Enforcement) agents and given

Continue reading at Business Standard

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INDIA MARKET | Wed, 14 Jan 2026, 8:43PM IST Minneapolis Federal Reserve President Neel Kashkari did not want to cut interest rates last month and sees no need to cut them any time soon given labor market resilience and inflation above the Fed's target, the New York Times reported on Wednesday.

Continue reading at Economic Times

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INDIA MARKET | Wed, 14 Jan 2026, 8:42PM IST Infosys ADRs fell as December-quarter results showed modest profit decline and sharp margin pressure, offset by strong revenue growth and an upgraded FY26 guidance, reassuring investors despite cost headwinds, labour code impact and near-term seasonal softness in global IT markets.

Continue reading at Economic Times

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INDIA NEWS | Wed, 14 Jan 2026, 8:32PM IST The U.S. current account deficit narrowed sharply in the third quarter as tariffs weighed on imports and primary income surged.The Commerce Department's Bureau of Economic Analysis said on Wednesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, contracted by $22.8 billion, or 9.2%, to $226.4 billion, the lowest level since the third quarter of 2023.Economists polled by Reuters had forecast the current account deficit shrinking to $238.4 billion. The report was delayed by the 43-day shutdown of the government.The deficit represented 2.9% of gross domestic product, the smallest since the first quarter of 2020 and down from 3.3% in the second quarter. It peaked at 6.3% in the third quarter of 2006. President Donald Trump's sweeping tariffs have led to an ebb in the flow of imports, helping to narrow the trade deficit.Imports of goods decreased $5.0 billion to $815.4 billion in the third quarter, pulled down by a decline in consumer goods. But nonmonetary gold imports increased. Imports of services increased $3.1 billion to $225.0 billion.Goods exports fell $1.9 billion to $548.0 billion, weighed down by nonmonetary gold, though exports of capital and consumer goods increased. Exports of services increased $11.7 billion to $314.2 billion.The goods trade deficit narrowed to $267.4 billion from $270.4 billion in the prior quarter.Receipts of primary income increased $16.3 billion to $395.2 billion, led by a rise in direct investment income. Payments of primary income advanced $5.3 billion to $390.0 billion.Receipts of secondary income decreased $2.0 billion to $44.4 billion. Payments of secondary income declined $2.1 billion to $97.9 billion as general government transfers decreased.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 8:13PM IST Tech firm takes a 1,289 crore hit as one-time provisions to align with new labour codes

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INDIA MARKET | Wed, 14 Jan 2026, 8:06PM IST India's Shriram Finance said on Wednesday its shareholders have approved three proposals related to the non-bank lender's deal with Japan's MUFG.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 14 Jan 2026, 8:06PM IST Indian Overseas Bank posted a 63 per cent rise in net profit in the December quarter, supported by higher operating income, strong credit growth and a sharp improvement in asset quality

Continue reading at Business Standard

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INDIA MARKET | Wed, 14 Jan 2026, 8:05PM IST Wall Street's main indexes fell at the open on Wednesday as investors digested earnings from Bank of America and Citigroup, while retail sales and producer price data did little to alter expectations for interest-rate cuts later this year.

Continue reading at Economic Times

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INDIA MARKET | Wed, 14 Jan 2026, 8:05PM IST Wall Street's main indexes fell at the open on Wednesday as investors digested earnings from Bank of America and Citigroup, while retail sales and producer price data did little to alter expectations for interest-rate cuts later this year.

Continue reading at Economic Times

2h

INDIA BUSINESS | Wed, 14 Jan 2026, 8:02PM IST Bajaj Auto is planning a phased expansion of its Chetak electric scooter to over 100 countries, focusing on localisation and its global distributor network rather than an aggressive rollout

Continue reading at Business Standard

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