Trump sues JPMorgan for $5 bn, alleges account closed for political reasons
INDIA MARKET | Fri, 23 Jan 2026, 7:21AM IST
In a statement, JPMorgan said that it "regrets" that Trump sued them but insisted they did not close the accounts for political reasons
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Trump Could Begin Flying on Plane Donated by Qatar by Summer
GLOBAL NEWS | Fri, 23 Jan 2026, 6:56AM IST
It remains unclear whether the aircraft would get the full Air Force One security upgrades, which industry experts said could take up to two years to complete.
Continue reading at The New York Times
33m
Analyst recommends 'Bull Spread' on Tata Steel; check detailed analysis
INDIA MARKET | Fri, 23 Jan 2026, 6:51AM IST
Nandish Shah of HDFC Securities has shared Bull Spread' on strategy on Tata Steel stocks
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38m
Brazil President plans India visit in February
INDIA NEWS | Fri, 23 Jan 2026, 6:48AM IST
PM Narendra Modi and Brazilian President Luiz Incio Lula da Silva on Thursday held a telephone conversation to discuss the South American leaders possible State Visit here in February to widen Strategic Partnership and agenda for the Global Agenda.Prime Minister Narendra Modi received a telephone call today (Thursday) from the President of the Federative Republic of Brazil, His Excellency Mr. Luiz Incio Lula da Silva. The two leaders reaffirmed their commitment to further strengthen the IndiaBrazil Strategic Partnership and take it to even greater heights in the year ahead, according to readout issued by the Indian government.Recalling their meetings last year in Braslia and South Africa, the two leaders noted with satisfaction the significant progress achieved across diverse areas of bilateral cooperation, including trade and investment, technology, defence, energy, health, agriculture, and people-to-people ties.Brazil is keen to deepen ties with India, especially in the fields of defence, healthcare, pharmaceuticals, and technology and in a path breaking step both countries have signed an agreement for joint vaccine production. The leaders also exchanged views on regional and global issues of mutual interest. They also underscored the importance of reformed multilateralism in addressing shared challenges, according to the readout. Last year the Trump administration imposed 50 per cent tariffs against both India and Brazil. Later the USA reduced the tariffs against Brazil following increase in prices of Brazilian produced coffee, cocoa, beef and spices in US markets. Negotiations between Brazil and the US over a broader trade framework are currently ongoing, with Lula pushing for the full removal of Trumps tariffs from goods still subject to the tariffs. India is also negotiating trade deal with the USA and seeking to reduce to tariffs substantially. Modi conveyed that he looked forward to welcoming Lula to India at an early date. Lula is planning to visit India for the AI Summit and State visit next month.Last year India & Brazil launched discussions to expand scope of India-MERCOSUR PTA that could enable higher volumes of Indian exports to key South American economies including Brazil. The issue was discussed during the visit of the Brazilian Vice President Geraldo Alckmin here last October.
Continue reading at Economic Times
41m
Stocks in news: IndusInd Bank, Adani Green, IndiGo, RIL, Adani Energy
INDIA MARKET | Fri, 23 Jan 2026, 6:39AM IST
Markets rebounded on Thursday, driven by improved global trade and geopolitical sentiment. The Nifty is nearing its 200-day DEMA, with sustained gains crucial for further recovery. Several companies, including IndusInd Bank and Adani Green, are in focus due to Q3 results and news developments.
Continue reading at Economic Times
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Asian stocks rise, gold gains on weaker dollar
INDIA MARKET | Fri, 23 Jan 2026, 6:34AM IST
Asian equities climbed Friday, mirroring Wall Street's gains, as upbeat US economic data and easing geopolitical tensions boosted investor confidence. The dollar weakened, fueling a rise in gold prices, while emerging market assets broadly rallied amid signs of de-escalating US-Europe trade friction and a record pace of fund inflows.
Continue reading at Economic Times
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IndiGo Q3 profit plunges 75% amid pilot shortage, compensation costs
INDIA MARKET | Fri, 23 Jan 2026, 6:29AM IST
IndiGo's profit plummeted 75% to 549 crore in Q3 due to 1,546.5 crore in one-time costs for customer compensation and new labor rule implementation. The airline faced disruptions from pilot shortages and a DGCA investigation found management failures in planning and implementing new rest rules, impacting its growth forecast.
Continue reading at Economic Times
1h
Indian stocks, rupee rebound as Trump remarks ease concerns over tariffs on Europe
INDIA MARKET | Fri, 23 Jan 2026, 6:22AM IST
Indian stocks and the rupee saw a rebound on Thursday. This recovery followed US President Donald Trump's remarks easing concerns over tariffs on Europe. The NSE Nifty and BSE Sensex closed higher, snapping a losing streak. The Indian rupee also recovered against the dollar. Geopolitical anxiety lessened, impacting gold and silver prices. Foreign portfolio investors continued to sell shares.
Continue reading at Economic Times
1h
Indian stocks, rupee rebound as Trump eases Greenland tariff fears
INDIA MARKET | Fri, 23 Jan 2026, 6:22AM IST
Indian stocks and the rupee saw a rebound on Thursday. This recovery followed US President Donald Trump's remarks easing concerns over tariffs on Europe. The NSE Nifty and BSE Sensex closed higher, snapping a losing streak. The Indian rupee also recovered against the dollar. Geopolitical anxiety lessened, impacting gold and silver prices. Foreign portfolio investors continued to sell shares.
Continue reading at Economic Times
1h
India's chip ambitions set to take wing with Micron's Gujarat plant coming onstream next month
INDIA BUSINESS | Fri, 23 Jan 2026, 6:21AM IST
India chip industry: Micron Technology's new semiconductor plant in Sanand, Gujarat, will begin commercial production by February-end. India is actively building strategic alliances with countries like the US, EU, Germany, Japan, and South Korea, Minister Ashwani Vaishnaw said at
Continue reading at Economic Times
1h
Banks want RBI to inject Rs 3-5 lakh crore via OMO
INDIA MARKET | Fri, 23 Jan 2026, 6:14AM IST
Indian lenders are pushing the Reserve Bank of India to commit to substantial open market operations (OMOs) of at least 3-5 lakh crore. This move aims to ease liquidity, lower yields, and boost credit growth. Economists also voiced concerns about inflation and GDP data uncertainty, urging caution on rate cuts until new figures are released.
Continue reading at Economic Times
1h
Hyderabad Airport raises Rs 2,100 crore to repay debt
INDIA MARKET | Fri, 23 Jan 2026, 6:05AM IST
GMR Hyderabad International Airport has raised 2,100 crore via a 15-year rupee bond to refinance an upcoming dollar debt maturity. This move highlights the operator's strategy to reduce funding costs and currency risk by focusing on the domestic market. The issuance aims to replace foreign currency liabilities with rupee funding and extend debt maturities.
Continue reading at Economic Times
1h
ReNew gets $600 million via bond issue in GIFT City
INDIA MARKET | Fri, 23 Jan 2026, 6:01AM IST
ReNew Energy Global has successfully raised $600 million through its first corporate dollar bond issuance from GIFT City. The funds will primarily be used to repay existing debt, significantly reducing the company's interest costs. This strategic move by India's leading renewable energy firm underscores its focus on financial optimization.
Continue reading at Economic Times
1h
Telcos need court nod for Vi-like AGR relief
INDIA NEWS | Fri, 23 Jan 2026, 6:00AM IST
New Delhi: If Bharti Airtel or another company wants relief on arrears linked to adjusted gross revenue (AGR) similar to what the government has offered to Vodafone Idea, it must first get a favourable direction from the court, communications minister Jyotiraditya Scindia said.ET last week reported that Airtel and Tata Group units were considering approaching the government seeking equitable treatment on AGR-based statutory payment dues. Airtel chairman Sunil Mittal told a news channel in Davos that the telecom operator has written to the government for reassessment of its liabilities, since the issue affected it as well. What the Government of India has followed is on the basis of a direction of the Supreme Court and the direction was very specific for Vodafone Idea, Scindia told ET in an interview. Every stakeholder has a right to approach the court and if the court so deems it fit, then they can come back to us, he said. In the case of Vodafone Idea, the Supreme Court has said that the government should evaluate it, which we did, he said.Tackling SpamAnd also don't forget, we had a 49% stake there, he added. The government, which acquired the stake in Vodafone Idea by converting some past dues of the company into equity, is not planning to increase it above 49%.In a significant relief to Vodafone Idea, the government on December 31 announced freezing of the companys AGR-related dues at `87,695 crore and allowing staggered repayments over 16 years until 2041. Under the revised schedule, Vodafone Idea needs to pay `124 crore annually for six years between March 2026 and 2031, and `100 crore per year for the next four years.On the issue of spam, wherein large traffic is now seen shifting to over-the-top (OTT) platforms, Scindia said he has asked the Department of Telecommunications and the Telecom Regulatory Authority of India (TRAI) to examine the matter. At the end of the day, we are a customer-facing sector.Customer ease and customer experience are one of our biggest responsibilities, he said. And, therefore, while technology brings with it multifarious dividends, it also brings with it the capability of unscrupulous and some scrupulous agencies to sometimes unnecessarily harass customers, he said. There is software that identifies certain spam calls, and it is already installed on multiple telecom operator networks, the minister said. On controlling spam on OTTs, he said: We are applying our mind.So, let's just see how we look at it. OTT doesn't come directly under us, but lets see TRAI work out something and come back to us. Asked about the launch of satellite communication services, Scindia said a final decision on pricing would be made soon.
Continue reading at Economic Times
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Telcos first need court nod for Vodafone Idea-like AGR relief: Jyotiraditya Scindia
INDIA BUSINESS | Fri, 23 Jan 2026, 6:00AM IST
ET last week reported that Airtel and Tata Group units were considering approaching the government seeking equitable treatment on AGR-based statutory payment dues. Airtel chairman Sunil Mittal told a news channel in Davos that the telecom operator has written to the government for reassessment of its liabilities, since the issue affected it as well.
Continue reading at Economic Times
1h
Trump sues JPMorgan, Dimon for $5 billion over alleged debanking
INDIA MARKET | Fri, 23 Jan 2026, 5:56AM IST
Former President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging the bank terminated his business accounts for political reasons. The complaint accuses the lender of trade libel and violating Florida's deceptive trade practices law. JPMorgan stated it closes accounts due to legal or regulatory risk, not political or religious beliefs.
Continue reading at Economic Times
1h
IIFL nosedives 17% after receiving income-tax notice
INDIA MARKET | Fri, 23 Jan 2026, 5:52AM IST
IIFL Finance shares plunged 17% despite a 20% profit rise after receiving an income-tax notice for a past block period. The company deposited 1.47 crore towards potential revision of its returns. Despite the slump, IIFL Finance declared a 200% interim dividend as net profit grew to 501 crore.
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1h
Equity's back on investors radar, white metal pales
INDIA COMMODITIES | Fri, 23 Jan 2026, 5:47AM IST
Silver prices saw a sharp decline on Thursday. This happened as stock markets rose, reaching new highs. Investors are booking profits after a significant rally in silver this year. Easing geopolitical tensions have encouraged this shift. Consumers are staying away due to price volatility. Industrial demand for silver remains a long-term factor.
Continue reading at Economic Times
1h
Softer domestic prices, rising input costs to weigh on steelmakers Q3 earnings
INDIA MARKET | Fri, 23 Jan 2026, 5:41AM IST
Steel companies anticipate lower profits this quarter. Softening domestic prices and higher input costs are impacting earnings. However, non-ferrous metal producers are set for better results. Strong rebounds in aluminium, zinc, and copper prices are driving this improvement. A new safeguard duty on steel imports is expected to boost prices in the coming months.
Continue reading at Economic Times
1h
Silver ETFs sink up to 20% as speculative frenzy unravels
INDIA COMMODITIES | Fri, 23 Jan 2026, 5:33AM IST
Silver ETFs experienced a significant sell-off, plunging 15-20% on Thursday, far exceeding the modest decline in spot silver prices. This sharp divergence was attributed to the unwinding of speculative positions and potential forced selling due to margin calls, surprising investors after a recent record rally.
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1h
INDIA MARKET | Fri, 23 Jan 2026, 5:30AM IST
Blackstone, a global investment giant, no longer considers India an emerging market. The firm sees immense growth potential in India, citing its large population and stable government. Blackstone plans to expand its investments across various sectors. Artificial intelligence is also highlighted as a technology set to transform the world rapidly. This outlook contrasts with short-term stock market fluctuations.
Continue reading at Economic Times
1h
Trump Could Begin Flying on Jet Donated by Qatar by Summer
GLOBAL NEWS | Fri, 23 Jan 2026, 5:23AM IST
It remains unclear whether the aircraft would get the full Air Force One security upgrades, which industry experts said could take up to two years to complete.
Continue reading at The New York Times
2h
Big Insurers Try to Shift Blame for High Health Costs to Hospitals and Drug Makers
GLOBAL NEWS | Fri, 23 Jan 2026, 4:58AM IST
At two congressional hearings, lawmakers slammed executives of major companies, saying they were failing to rein in the cost of medical care for consumers.
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2h
New U.S. Rule Aims to Speed Up Mining of the Seafloor
GLOBAL NEWS | Fri, 23 Jan 2026, 4:56AM IST
The Metals Company, a prominent seabed-mining company, applauded the change and filed a new application more than doubling the area it hopes to mine.
Continue reading at The New York Times
2h
Trump Could Begin Flying on Jet Donated by Qatar by This Summer
GLOBAL NEWS | Fri, 23 Jan 2026, 4:39AM IST
It remains unclear whether the aircraft would get the full Air Force One security upgrades, which industry experts said could take up to two years to complete.
Continue reading at The New York Times
2h
SAT grants partial relief to Avadhut Sathe, orders 100 crore deposit
INDIA BUSINESS | Fri, 23 Jan 2026, 1:41AM IST
The court also ordered that the paras in the interim order freezing the bank accounts and barring appellants from trading shall cease to apply on payment of the amount
Continue reading at The Hindu
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