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January 14, 2026
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Online marketplace liability: Amazon held responsible for defective TV and ordered refund plus damages and interest.
The commission found the online marketplace liable under vicarious liability for a defective TV sold through its platform, reasoning that the platform's active facilitation, commercial benefit and post sale engagement place it in a position of trust and responsibility to ensure products are free from defects; it rejected the intermediary defence and directed refund with interest plus compensation for mental distress and legal expenses.
January 14, 2026
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Royal Enfield and KRAFTON bring the Bullet 350 and Continental GT 650 into BGMI with themed in game rewards and login events.
KRAFTON India and Royal Enfield will introduce the Bullet 350 and Continental GT 650 as rideable motorcycles inside BGMI as part of the BGMI 4.2 update; Royal Enfield themed in game content and a SPIN event will run from January 19 to February 22, 2026, offering permanent Mythic (Red Tier) rewards including branded cosmetic sets, weapon skins, equipment and the two rideable motorcycles. The collaboration also implements a login based mechanic granting Event Crates for 60 minute daily logins, up to 34 crates during the event, to drive sustained player engagement.
January 14, 2026
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Stock markets slip as Sensex and Nifty decline amid sector weakness, foreign outflows and tariff uncertainty.
Equity indices fell for a second day as weakness in IT, consumption and select banking blue-chips, escalating geopolitical tensions and tariff uncertainty pressured markets; the Sensex dropped about 245 points to 83,382.71 and the Nifty fell about 67 points to 25,665.60, with foreign institutional investors selling ~Rs 1,499.81 crore while domestic institutions bought ~Rs 1,181.78 crore, and Brent crude easing to about USD 64.82 per barrel.
January 14, 2026
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Maharashtra delegation to Davos: state agency to fund travel, allowances paid per government norms, report due within one month.
Maharashtra will send a state delegation led by the Chief Minister to the WEF Annual Meeting in Davos; the Maharashtra Industrial Development Corporation will bear travel and accommodation costs. The Confederation of Indian Industry is the nodal coordinator for the India Pavilion and the national industry promotion department will participate to promote investment. The Ministry of External Affairs has approved the visit; members are entitled to travel expenses and per diem as per government norms, absence will be treated as on duty, and a detailed report is required within one month of return.
January 14, 2026
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Fusion CX announced the acquisition of El Salvador-based Skycom BPO, adding about USD 25 million in annual revenue and expanding its nearshore bilingual customer experience delivery across Latin America and the Caribbean; Skycom's operations and sector-facing programs will be merged into Fusion CX's global delivery framework as part of a strategy to build a resilient, culturally aligned network and pursue capital market plans.
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Anticipated central bank intervention to support the rupee was outweighed by a strong US dollar, foreign institutional outflows, and higher crude prices, leaving the currency lower at 90.29; traders also flagged a pending US Supreme Court ruling on the legality of the Liberation Day tariffs as a near-term catalyst affecting USDINR volatility and the expected intraday trading range of 89.95-90.50.
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The Kerala Legislative Assembly budget session will run from January 20 to March 26, beginning with the Governor's policy statement and including presentation, debate, and passage of the 2026-27 state budget. The budget presentation is set for January 29 with general discussion on February 2-4; three days are allotted for the motion of thanks. Committees will scrutinise departmental fund requests during a February 6-22 recess, and detailed consideration of appropriation requests will occur from February 24 to March 19 over 13 days.
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Wholesale price inflation rose to 0.83% in December as manufactured and non-food prices firmed.
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VAT amendment bill eases compliance for small dealers with a one-time composition option and two-year refund limit.
The bill allows eligible small dealers a one-time election into the composition scheme that remains effective until voluntary exit or loss of eligibility; Schedule E dealers within the turnover limit may pay tax at a fixed rate, payable in lump sum or instalments. Composition dealers cannot claim input tax credit, charge VAT on invoices, or issue tax invoices to other dealers, and must maintain separate accounts for multiple business classes. The amendment also sets a final filing date for Section 31B settlement applications, creates a right of appeal to the VAT Tribunal for Section 31B orders, and imposes a two-year limitation for VAT refund claims from the close of the relevant financial year, subject to limited exceptions.
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Kolkata realtors seek a Budget to raise affordable housing caps and rationalise GST to boost mid income demand.
Developers urge Budget measures to revise the affordable housing definition (raising the price cap to ~Rs 80-90 lakh), rationalise GST on under construction properties, expand unit size norms, and provide higher housing loan interest deductions and incentives for first time and mid income buyers, alongside faster clearances, a digital single window, support for rental and mixed use developments, and increased housing infrastructure investment to boost demand and project viability.
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Hong Kong to host Asia's 50 Best Restaurants 2026, celebrating its dual global hospitality wins.
Hong Kong will host Asia's 50 Best Restaurants 2026 on 25 March 2026, the first time the ceremony is held in the city. The Hong Kong Tourism Board frames the hosting as recognition of the city's gastronomic standing after venues secured dual international No. 1 recognitions, and describes a week of celebrations, industry gatherings, and collaborations to bring chefs and tastemakers from across Asia to spotlight Hong Kong's contributions to regional gastronomy.

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India-Germany partnership: Infineon and NIELIT collaborate to strengthen India's semiconductor ecosystem and talent pool

January 14, 2026

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โ€ข Infineon and the National Institute of Electronics & Information Technology (NIELIT) announced Memorandum of Understanding (MoU) during the first official visit of the German Chancellor Friedrich Merz in India.

โ€ข Cooperation will strengthen the semiconductor ecosystem with the commitment to skills and talent development in India.

AHMEDABAD, India and NEW DELHI , Jan. 14, 2026 /PRNewswire/ -- Infineon Technologies AG (FSE: IFX) (OTCQX: IFNNY) and the National Institute of Electronics & Information Technology (NIELIT) announced a Memorandum of Understanding (MoU) in Ahmedabad. It was witnessed by Hon'ble Prime Minister Shri Narendra Modi and German Chancellor H.E. Mr. Friedrich Merz. Jochen Hanebeck, CEO of Infineon, joined the German business delegation accompanying the Chancellor during his first official visit to India.

The MoU establishes a comprehensive framework for semiconductor skilling and workforce development in India. Under the partnership, Infineon will collaborate with NIELIT โ€“ an autonomous body under the Ministry of Electronics and Information Technology (MeitY) โ€“ to develop training programs in semiconductor assembly, test and packaging, including curriculum enrichment, expert seminars, "train the trainer" programmes, and equipment donation for hands-on practical training.

"India is one of the world's most dynamic economies, and its ambition to build a vibrant semiconductor ecosystem aligns perfectly with Infineon's expertise in power systems and IoT," says Jochen Hanebeck, CEO of Infineon. "Our partnership with NIELIT reflects our deep commitment to India โ€“ not just as a market, but as a strategic innovation and R&D hub. By investing in talent development and knowledge transfer, we are helping build the skilled workforce that will power India's semiconductor future and support the vision of Viksit Bharat 2047." Prof. M.M. Tripathi, Director General of NIELIT, highlighted the advantages of the cooperation: "This partnership with Infineon represents a significant milestone for India's semiconductor ecosystem development. By combining NIELIT's nationwide training infrastructure with Infineon's global expertise in semiconductor manufacturing, we will create world-class skilling programmes that prepare our youth for careers in this critical sector. This collaboration directly supports India's goal of becoming self-reliant in semiconductors." On the sidelines of the visit, Infineon hosted a two-day workshop titled "Semiconductors โ€“ A Key Enabler for Viksit Bharat 2047: From Vision to Reality" in collaboration with Ministry of Electronics and Information Technology (MeitY) in New Delhi from 12-13 January 2026. The workshop brought together global semiconductor experts, government officials and leaders to exchange knowledge on building a globally competitive semiconductor ecosystem in India.

During his address, Dr. M. M. Tripathi, Director General of NIELIT, highlighted the key partnership between NIELIT and Infineon to strengthen innovation and skill development in the semiconductor and embedded systems sectors. He emphasized the need for industry-aligned training, hands-on learning, and collaborative research to build a future-ready talent pool. The partnership, he noted, is a significant step towards supporting India's semiconductor ecosystem and advancing the vision of a self-reliant, technology-driven nation.

Infineon is deeply committed to India's growth as a global innovation hub and strategic market, with over 25 years of presence in the country. Through strategic investments, like the upcoming high-tech Bengaluru campus set to be completed by 2026, and partnerships with local startups and SMEs, Infineon is fostering localized innovation and empowering sectors such as e-mobility, IoT, and renewable energy. During the official visit of the German Chancellor, Prime Minister Modi welcomed the opening of Infineon's Global Capability Centre (GCC) in GIFT City, Gujarat in 2025. The GCC has since grown to over 150 employees and continues to expand.

About Infineon Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 57,000 employees worldwide (end of September 2025) and generated revenue of about โ‚ฌ14.7 billion in the 2025 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

- Picture is available at AP โ€“ Further information is available at www.infineon.com About NIELIT The National Institute of Electronics & Information Technology (NIELIT), an autonomous scientific society of the Ministry of Electronics and Information Technology (MeitY), Government of India, has been a pioneer in skill development and digital empowerment.

With its extensive presence through 56 NIELIT centers, over 750 accredited institutions, and more than 9,000 facilitation centers, NIELIT has skilled and certified millions of students in emerging technologies within the E&ICT domain.

NIELIT has been conferred the status of "Deemed to be University" under the distinct category by the Ministry of Education having its main campus at Ropar (Punjab) and eleven constituent campuses located in Aizawl, Agartala, Aurangabad, Calicut, Gorakhpur, Imphal, Itanagar, Ajmer (Kekri), Kohima, Patna, and Srinagar, aims to revolutionize higher education in E&ICT domain using digital technologies.

NIELIT plays a pivotal role in strengthening India's semiconductor skilling ecosystem by creating industry-aligned, future-focused training pathways. With a strong emphasis on VLSI, embedded systems, and semiconductor design, NIELIT is equipping youth with advanced technical competencies required by the global semiconductor industry. Recently, NIELIT launched the NIELIT Digital University Platform, which aims to expand access to high-quality digital and emerging technology education across the country. NIELIT also has a state-of-the-art SMART Lab at NIELIT Calicut under the Chips to Startup (C2S) Programme, dedicated to hands-on training and capacity building in VLSI and embedded systems.

Media contact: Lokesh Dhamija E-Mail: [email protected] (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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