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INDIA MARKET | Fri, 23 Jan 2026, 12:00AM IST SpaceX's preparations come as markets brace for potential mega US listings by AI giants OpenAI and Anthropic

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INDIA BUSINESS | Thu, 22 Jan 2026, 11:42PM IST ixigo (Le Travenues Technology Limited) on Thursday reported 54.11 per cent rise in consolidated net profit for December quarter at Rs 23.95 crore, driven by higher revenue from operations including flight, train, and bus ticketing services. The travel booking platform had logged a net profit of Rs 15.54 crore during the year-ago period, a regulatory filing said. During the quarter under review, ixigo's revenue from operations increased to Rs 317.56 crore from Rs 241.76 crore a year ago. Total expenses also rose to Rs 295.85 crore from Rs 223.67 crore. The gross transaction value (GTV) for ixigo's bus booking vertical grew over 36 per cent year-on-year in December quarter, whereas the flights vertical recorded GTV growth of more than 22 per cent despite industry-wide disruptions witnessed in December. "Our Q3 performance demonstrates our continued ability to outpace the market's growth with improving profitability. We are at a juncture in history where we will be judged not by our

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INDIA BUSINESS | Thu, 22 Jan 2026, 11:24PM IST According to the Power Ministry, Indias transmission network has grown by 71.6% since April 2014.

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INDIA BUSINESS | Thu, 22 Jan 2026, 11:20PM IST Bastar region will soon have its first super specialty hospital. Located in Jagdalpur, the facility opens in February. Hyderabad-based Continental Hospitals partners with the Chhattisgarh government. This 240-bedded hospital will offer advanced medical services.

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INDIA BUSINESS | Thu, 22 Jan 2026, 11:17PM IST RPSG Group to invest 10,500 crore in Karnataka's Vijayapura and Ballari districts over three years, boosting the state's renewable energy ecosystem

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INDIA NEWS | Thu, 22 Jan 2026, 11:09PM IST At WEF Davos, Ashwini Vaishnaw says India is open to partnerships across sectors and remains resilient amid global debt concerns

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INDIA NEWS | Thu, 22 Jan 2026, 11:04PM IST EU has withdrawn GSP tariff benefits on 87% of Indian exports from January 2026, raising duties on key sectors and hitting competitiveness ahead of the India-EU FTA

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INDIA NEWS | Thu, 22 Jan 2026, 10:52PM IST US President Donald Trump announced Thursday he will sue The New York Times for publishing an opinion poll that found steadily sliding support from voters for the Republican right-winger."The Times Siena Poll... will be added to my lawsuit against The Failing New York Times," Trump said on his Truth Social platform. "They will be held fully responsible for all of their Radical Left lies and wrongdoing!"The New York Times/Siena University poll published Thursday found only 40 percent of Americans approve of Trump -- in line with multiple other polls showing declining support a year into his second term.

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INDIA BUSINESS | Thu, 22 Jan 2026, 10:44PM IST Roppen Transportation Services, the parent company of ride-hailing platform Rapido, narrowed its consolidated loss to Rs 258 crore in FY25 from Rs 370 crore a year ago. According to financial data accessed via business intelligence platform Tofler, the Bengaluru-headquartered unicorn's revenue from operations rose to Rs 934.44 crore last fiscal year, reflecting a 44.19 per cent increase compared to Rs 648 crore in FY24. "Rapido has sustained strong operating momentum, driven by higher utilisation across our mobility offerings, sharper cost discipline, and the growing maturity of our platform. "As we scale and expand, our focus remains on sustainable growth, improving unit economics, and strengthening the ecosystem for captains and passengers across markets and categories through varied business models," a Rapido spokesperson said. Rapido plans to initiate its IPO process by the end of 2026. In November 2025, Rapido Co-Founder Aravind Sanka told PTI that the company expects to main

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1h

INDIA BUSINESS | Thu, 22 Jan 2026, 10:44PM IST Roppen Transportation Services, the parent company of ride-hailing platform Rapido, narrowed its consolidated loss to Rs 258 crore in FY25 from Rs 370 crore a year ago. According to financial data accessed via business intelligence platform Tofler, the Bengaluru-headquartered unicorn's revenue from operations rose to Rs 934.44 crore last fiscal year, reflecting a 44.19 per cent increase compared to Rs 648 crore in FY24. "Rapido has sustained strong operating momentum, driven by higher utilisation across our mobility offerings, sharper cost discipline, and the growing maturity of our platform. "As we scale and expand, our focus remains on sustainable growth, improving unit economics, and strengthening the ecosystem for captains and passengers across markets and categories through varied business models," a Rapido spokesperson said. Rapido plans to initiate its IPO process by the end of 2026. In November 2025, Rapido Co-Founder Aravind Sanka told PTI that the company expects to main

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1h

INDIA BUSINESS | Thu, 22 Jan 2026, 10:36PM IST A year ago, IIFL Finances profit was 82 crore.

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INDIA BUSINESS | Thu, 22 Jan 2026, 10:30PM IST Indias growth story rests on aggregate comfort, but a closer look shows households saving less, borrowing more, and absorbing risks once shared more broadly; beneath stable growth and steady consumption, a growing fragility builds in household finances

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1h

GLOBAL NEWS | Thu, 22 Jan 2026, 10:29PM IST Welcome to the era of the Polymarket sharp.

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1h

INDIA BUSINESS | Thu, 22 Jan 2026, 10:27PM IST Borivali is transforming into a prime residential hub in Mumbai's western suburbs, driven by infrastructure upgrades and metro connectivity. Post-pandemic demand for larger homes and amenities is fueling new developments, attracting end-users seeking better livability and long-term value beyond traditional business districts.

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INDIA MARKET | Thu, 22 Jan 2026, 10:25PM IST Goldman Sachs and Polar Capital Funds sold shares in Landmark Cars on Thursday. This comes after the stock's underperformance. In a separate deal, BNP Paribas acquired over 10 lakh shares in Bajaj Consumer Care. This purchase occurred at a premium. Bajaj Consumer Care shares have seen strong gains over the past year, outperforming benchmarks.

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1h

INDIA BUSINESS | Thu, 22 Jan 2026, 10:20PM IST The fabless semiconductor start-up plans to expand its engineering team and develop integrated chips for industrial IoT, automotive and medical devices

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INDIA BUSINESS | Thu, 22 Jan 2026, 10:15PM IST A Memorandum of Understanding was signed between the Mizoram Milk Producers Cooperative Union Limited and the National Dairy Development Board

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INDIA BUSINESS | Thu, 22 Jan 2026, 10:11PM IST Airlines are invited to apply for flight slots left vacant by IndiGo. This follows significant disruptions and a reduction in IndiGo's winter schedule. The Directorate General of Civil Aviation has set conditions for slot allocation. IndiGo faced penalties and scrutiny for operational lapses. The airline's recent profit also saw a decline.

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INDIA BUSINESS | Thu, 22 Jan 2026, 10:03PM IST The two upcoming projects in Chennai and Bengaluru would have a combined revenue potential of 4,400 crore

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INDIA NEWS | Thu, 22 Jan 2026, 9:49PM IST IndiGo is carrying out an in-depth review of the robustness and resilience of its internal processes, the airline's CEO Pieter Elbers said on Thursday, against the backdrop of the massive operational disruptions last month. The country's largest airline, on Thursday, posted a 78 per cent decline in profit at Rs 549.1 crore in the three months ended December on account of higher expenses, including Rs 577 crore financial impact due to the disruptions. During a call with mediapersons post announcement of the December quarter results, Elbers said an in-depth review of the robustness and resilience of internal processes is on the way, and efforts are being made to ensure continuity and stability in operations. The Directorate General of Civil Aviation (DGCA) has curtailed the airline's winter schedule by 10 per cent, and now, the civil aviation ministry has asked other carriers to submit their requests for the slots vacated by IndiGo. Referring to the disruptions, Elbers said that when it comes to having a proper evaluation on what happened, there are many factors which have come into play. "... clearly, we are identifying what are these factors, to what extent have they contributed, and how to address these going forward. So this is an ongoing process for which, of course, we'll take learnings and mitigate going forward where possible," the CEO said. The airline has already initiated a root cause analysis to understand about the factors that led to the massive disruptions. Between December 3 and 5 last year, IndiGo cancelled 2,507 flights and 1,852 flights were delayed, impacting over 3 lakh passengers at airports across the country. Following a probe, the watchdog has also slapped fines totalling Rs 22.20 crore on IndiGo. According to Elbers, the board and the management of IndiGo are committed to taking full cognisance of the DGCA orders and will, in a thoughtful and timely manner, take the appropriate measures. The operations of IndiGo have stabilised, and the airline has told DGCA that it has an adequate number of pilots to ensure compliance with the new flight duty norms without disruptions. On January 20, DGCA said the disruptions stemmed from mismanagement of adequate flight crew, inadequate regulatory preparedness at the operator level, and shortcomings in system software support, management structure, and operational control. "The airline's planning processes did not adequately identify operational deficiencies or maintain sufficient operational buffers. There was an overriding focus on maximising utilisation of crew, aircraft, and network resources, which led to reduced roster buffer margins. "Crew rosters were designed to operate at the limits of permissible duty periods, with increased reliance on dead-heading, tail swaps, extended duty patterns, and minimal recovery margins. This approach compromised roster integrity and operational resilience and adversely impacted the effective implementation of the revised FDTL provisions," the regulator had said in a statement. DGCA had also said that sustained regulatory oversight, as well as corrective measures, have helped stabilise operations at IndiGo.

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INDIA BUSINESS | Thu, 22 Jan 2026, 9:49PM IST IndiGo's CEO, Pieter Elbers, announced an in-depth review of internal processes following significant operational disruptions last month. The airline reported a 78% profit decline due to higher expenses, including a Rs 577 crore financial impact from these disruptions. The DGCA had previously curtailed IndiGo's winter schedule and imposed fines, citing mismanagement of flight crew and operational shortcomings.

Continue reading at Economic Times

2h

INDIA BUSINESS | Thu, 22 Jan 2026, 9:47PM IST Schneider Electric India announced a Rs 623 crore investment to expand its Telangana facilities, boosting manufacturing for electrical safety products. Discussions also explored energy transition and grid modernization collaborations. Separately, Godrej Industries considered a Rs 150 crore investment for its Hyderabad dairy plant expansion and potential AI integration in oil palm agriculture.

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2h

INDIA BUSINESS | Thu, 22 Jan 2026, 9:33PM IST Indian Oil Officers' Association has written to the oil minister. They are concerned about reports suggesting the abolition of three director posts. These roles are vital for operational safety, innovation, and strategic growth. The association emphasizes the importance of dedicated directors for pipelines, R&D, and planning.

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2h

INDIA MARKET | Thu, 22 Jan 2026, 9:22PM IST Engineering services company Cyient on Thursday reported a 24.9 per cent decline in consolidated net profit to Rs 91.8 crore for December quarter FY26, primarily due to a one-time provision on the back of new Labour Codes.

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2h

INDIA MARKET | Thu, 22 Jan 2026, 9:19PM IST Replying to media queries before leaving Davos, Trump said a US delegation will be meeting Putin today or tomorrow

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2h

INDIA NEWS | Thu, 22 Jan 2026, 9:05PM IST From a macroeconomic perspective, LIC's integrated balance sheet enables counter-cyclical investment, stabilisation of long-term bond markets and long-term infrastructure financing

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INDIA MARKET | Thu, 22 Jan 2026, 9:04PM IST Bandhan Banks third quarter profit fell 52% to Rs 206 crore, hurt by lower core and other income and absence of one-time gains. Asset quality improved as bad loan sales cut NPAs, easing provisions, while advances and deposits grew steadily.

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INDIA MARKET | Thu, 22 Jan 2026, 8:59PM IST U.S. fintech stocks could gain an edge as Washington leans into a more populist, affordability-driven agenda ahead of the November 2026 midterm elections, analysts at Citigroup said in a note.

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