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GLOBAL NEWS | Fri, 16 Jan 2026, 3:14AM IST A judge dropped the case against Ms. Ferragni, who had been embroiled in a scandal over sales of a limited edition Christmas cake marketed as supporting cancer treatment.

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GLOBAL NEWS | Fri, 16 Jan 2026, 2:25AM IST He and Steven Z. Meyers opened their first low-cost legal clinic in 1972. Within a decade, they had revolutionized the legal industry.

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GLOBAL NEWS | Fri, 16 Jan 2026, 1:50AM IST Many proposals have been introduced, but there is little consensus among governors, Congress members and tech executives about exactly how much the companies behind data centers should pay for electricity.

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GLOBAL NEWS | Fri, 16 Jan 2026, 1:10AM IST Six months after President Trump told Wall Street banks to prepare a swift stock offering, there is no firm plan for how to take the giant mortgage firms public.

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INDIA NEWS | Fri, 16 Jan 2026, 12:52AM IST New Delhi: India and the US are very close to a trade agreement, which will materialise when both sides are ready, commerce secretary Rajesh Agrawal said Thursday but stopped short of specifying a deadline. He told reporters that the negotiating teams are talking "virtually" and the discussions had never broken down.In the last week of December, commerce and industry minister Piyush Goyal had a virtual meeting with US trade representative Jamieson Greer.Despite the 50% tariff imposed by the US on India since August 27, exports to the US are still holding on. In December, India's merchandise exports to the US were $6.89 billion against $7.01 billion in December 2024, down 1.8%. Exports were $6.98 billion in November 2025."All I can say is that with the US we are always in discussions... we are engaged. Negotiating teams are talking virtually on issues which are still pending. It is very near but we can't put a deadline because that will happen when both sides are ready and they feel that this is the right time to announce a deal," Agrawal said.126552628 Tariffs, oil AND Iran"US exports we have been holding well, we are in positive territory. Electronics and pharma exports are not under tariff. Going forward, we hope that we will be in positive territory," Agrawal added.Agrawal said the 50% tariff would "stress" sectors such as textile and leather. High tariffs must be putting strain on supply chains to the US... To mitigate challenges in our export supply chain, we need to make them more resilient. The best way to do this is to reduce dependence on one geography. That is what textile manufacturers are doing, which is why they can increase numbers despite the tariffs."The US continued to be India's top export market in April-December FY26 with exports at $65.88 billion compared with $60.03 billion in year-ago period. "High tariffs are definitely putting pressure on some sectors so it is a mixed bag but we are working on how to make exports competitive, diversify to balance the losses and (add) new markets. We have been able to hold overall numbers despite tariffs," the secretary said. When asked if it is possible that there may not be a trade deal, he said: "We get into all (trade pact) negotiations with a very positive and optimistic mindset... we are engaged with the US. Both sides are engaged. So, I think both sides feel that this can be done".He also said India's exports to Iran are largely humanitarian and it will wait for the US executive order on the 25% tariff announced by President Donald Trump on countries doing business with Tehran to assess its implications.EU FTAOn the India-EU FTA, he said 20 out of 24 chapters have been finalised, with a few issues remaining under ongoing negotiations. Agrawal said the two sides are trying to see if they can meet the January deadline because "that's a good occasion when our leaders are meeting, but we can only make efforts". He cautioned, however, that "coming near is not good enough"."Happy to report we are very close," he said, adding that sensitive agricultural concerns on both sides have been kept outside the scope of the pactt, easing political and domestic sensitivities that have historically slowed progress in the talks.

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INDIA BUSINESS | Fri, 16 Jan 2026, 12:41AM IST Union Budget Renewable Energy News: India is prioritizing its energy sector. The nation aims for 500 GW of renewable energy by FY30. New thermal capacity of 105 GW is planned by FY35. Nuclear power is set to reach 100 GW by 2047. These goals balance energy needs with climate commitments and economic development.

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INDIA MARKET | Fri, 16 Jan 2026, 12:26AM IST Earlier, the MEA issued an advisory urging Indian citizens to avoid travel to Iran until further notice and has asked those already in Iran to leave immediately using available commercial flights

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INDIA NEWS | Fri, 16 Jan 2026, 12:20AM IST Dhaka: The crisis-ridden Bangladesh Cricket Board stared at the prospect of its flagship T20 league coming to a halt after senior national players revolted against it for not sacking director Najmul Islam for his disparaging comments against them even though the BCB removed him as head of its finance committee. Despite the removal of Najmul from the key BCB post, two matches of the ongoing Bangladesh Premier League (BPL) scheduled on the day were postponed and the tournament itself looked in disarray due to the players' firm stance. The cricketers taking part in the BPL were unified in their demand for immediate removal of Najmul as BCB director. BCB removed Najmul as chairman of the board's finance committee but he remains a Board director, a position that can be taken from him on disciplinary grounds. "...Following a review of recent developments and in the best interest of the organisation, the BCB President has decided to release Mr. Najmul Islam from his responsibilities as Chairman of the Finance Committee with immediate effect," said the BCB in a statement. "Until further notice, the BCB President will assume the role of Acting Chairman of the Finance Committee. The BCB reiterates that the interests of the cricketers remain its highest priority." It then pleaded with the players to not halt the BPL. "BCB hopes that all cricketers will continue to display the highest standards of professionalism and dedication to the betterment of Bangladesh cricket during what is a challenging period for the game...and will do their utmost to ensure continued participation in the Bangladesh Premier League (BPL)." The furore started after Najmul, while reiterating Bangladesh's refusal to travel to India for next month's T20 World Cup on account of "security worries", rejected concerns surrounding players' remuneration should the country withdraw. He stated that the players would not be compensated as they have not justified the support so far, having failed to win a single ICC event. The statement caused an outrage with Cricketers Welfare Association of Bangladesh (CWAB) calling for his immediate ouster from BCB. The under-pressure showcaused Najmul. "...the Board has already initiated formal disciplinary proceedings against the Board member concerned. A show-cause letter has been issued, and the individual has been instructed to submit a written response within 48 hours," it stated earlier in the day. Bangladesh are refusing to tour India, citing security concerns after pacer Mustafizur Rahman was dropped from the IPL on BCCI's instructions for unspecified "developments all around". The BCB is still in talks with the ICC to figure a way out after the world body showed reluctance to shift Bangladesh's four games in India to Sri Lanka. Najmul had earlier described former captain Tamim Iqbal as an "agent of India" after he called for a restrained handling of the standoff with the neighbouring nation, warning that decisions taken today would have impact 10 years down the line. The CWAB had condemned that statement from Najmul. Bangladesh Test captain Najmul Hossain Shanto has also urged for a pragmatic approach and also revealed that the players are under immense stress due to the current circumstances. "We have been discussing with the BCB for many issues but didn't get any solution. We are now hopeless. Cricketers are playing the game for pride. We told him to say sorry but he became more desperate. He can't make such comment," CWAB president Mohammad Mithun said in a press conference here that also had Mustafizur in attendance even though he did not speak. "They are taking long time to solve women's team matters. Without evidence, nine players were omitted from BPL for alleged corruption in BPL. Senior all-rounder Mehidy Hasan Miraz echoed the sentiment. "We always say that cricket board is our guardian. But something like this coming from one of them is really disappointing. Cricket board is run by ICC and sponsor incomes. We give the highest tax 25-30 percent." Shanto and current T20 captain Litton Das too expressed their views on the controversial matter. "As a player whether its male or female, they need to get paid better. We have good money and the BCB needs to use that properly," said Litton.

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INDIA BUSINESS | Fri, 16 Jan 2026, 12:08AM IST Indian hotel deals reached $397 million in 2025, a rise from the previous year. This growth signals strong demand for travel. Projections show further increases in transaction volumes for 2026. India is poised to attract substantial hospitality sector investments by 2028. Strategic acquisitions and new capital are entering the market.

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INDIA NEWS | Thu, 15 Jan 2026, 11:56PM IST Air India and IndiGo dodged Iranian airspace Thursday, show flight tracking websites, instead opting for routes over Afghanistan and a thin strip over the eastern side of Iran near the Iraq border, to mitigate risks associated with the geopolitical turmoil in Iran and the Middle East.Iran closed and then reopened its airspace Wednesday amid concerns about possible military action between the US and Iran. This forced airlines to cancel, reroute or delay flights.Air India cancelled some flights to and from the US. IndiGo, cancelled its flight to Baku, Azerbaijan.People aware of the development said from Friday, IndiGo may do a fuel stop at Doha for its flights to Central Asia like Almaty and Baku since they will be taking a longer route. 126551772 While some domestic flights resumed flying over Iran when it opened the airspace after five hours, global airlines like Lufthansa and British Airways are avoiding the route.Airlines usually try to avoid overflying active conflict zones and high-risk regions. In 2020, Iran's air defences shot down a Ukraine International Airlines flight shortly after it took off in Tehran, killing all 176 people on board.No Indian airlines operate flights to Iran, but their operations to the US, Europe, Central Asia and the Caucasus region are expected to be impacted as these routinely use the Iranian airspace.With Pakistan's airspace already closed for Indian aircraft, problems could compound for India's major international carriers on flight operations to certain geographies if Iranian airspace is disrupted frequently or deemed unsafe.Air India and IndiGo said early Thursday that some of their flights were impacted by the situation in Iran."Due to the emerging situation in Iran, the subsequent closure of its airspace, and in view of the safety of our passengers, Air India flights overflying the region are now using an alternative routing, which may lead to delays. Some Air India flights where currently rerouting is not possible are being cancelled," Air India said in a passenger advisory.IndiGo said some of our international flights were impacted. "Our teams are working diligently to assess the situation and support affected customers by offering the best possible alternatives," it said.Continuing geopolitical risks are now a major strategic challenge for airlines, resulting in longer detours and higher costs, said Kapil Kaul, chief executive of South Asia at aviation consultancy CAPA."Indian carriers have to deal with Pakistan airspace closure, which is likely to continue, and now Iran airspace," he said. "I remain concerned about the long haul and ultra-long-haul viability given the airspace closures including Pakistan airspace," Kaul said.

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INDIA BUSINESS | Thu, 15 Jan 2026, 11:56PM IST Air India and IndiGo are taking new flight paths to bypass Iran's airspace. This is due to ongoing geopolitical tensions in the Middle East. These changes mean longer journeys and potential delays for passengers. The airlines are working to find the best solutions. This situation adds to existing challenges like Pakistan's airspace closure.

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INDIA BUSINESS | Thu, 15 Jan 2026, 11:53PM IST India's top packaged food firms, Parle Biscuits and Mondelez India, experienced significant profit declines in FY25 despite steady consumer demand. Soaring raw material costs, particularly for cocoa, dairy, wheat, and sugar, along with increased operational expenses, squeezed profit margins for both companies. Mondelez India saw its net profit plummet to 11 crore, while Parle Biscuits' net profit dropped by 39%.

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INDIA BUSINESS | Thu, 15 Jan 2026, 11:48PM IST Electronics prices are set to climb. Smartphones, televisions, and laptops will see increases of up to 8% in the coming months. This follows a sharp rise in late 2023. Memory chip demand is driving these hikes. Experts predict this trend may continue quarterly. Consumers may face higher costs for essential gadgets.

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