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    Equity markets to remain open on Budget day on Feb 1
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January 16, 2026
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Equity markets will remain open on Budget day with standard hours and specified pre-open and trading timings.
Exchanges designated February 1 as a special trading day and announced live trading will proceed under standard hours, with a pre-open session from 9:00 a.m. to 9:08 a.m. and normal trading from 9:15 a.m. to 3:30 p.m., notifying investors via exchange circulars that markets will remain open during the Union Budget presentation.
January 16, 2026
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Fees paid to international speakers at summits are not taxable as event management service under reverse charge.
Payments to overseas booking agents for securing international speakers for a summit do not constitute event management service subject to service tax under the reverse charge mechanism because speakers and their agents do not plan, promote, organise or present the event; participation alone is not management, and taxing statutes must be strictly construed.
January 16, 2026
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Chabahar port: India considers transferring committed funds and creating new entity amid US sanctions waiver expiry.
India is reassessing its Chabahar port engagement due to a US sanctions waiver expiring April 26, 2026 and a threatened additional tariff. New Delhi is engaging with the US while considering transferring approximately USD 120 million to end direct government exposure and creating a new non-sovereign entity to continue development, thereby preserving support without sovereign liability.
January 16, 2026
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Reliance Industries Q3 profit nearly flat as retail weakness from GST changes offsets energy and digital gains.
Reliance Industries reported consolidated net profit of Rs 18,645 crore for the third quarter with revenue from operations of Rs 2.69 lakh crore. Retail weakness, principally attributed to GST rate rationalisation, constrained earnings growth, while stronger performance in the energy and digital businesses offset that softness and kept quarterly profit nearly flat.
January 16, 2026
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Adityapur development will target defence manufacturing, integrating regional MSMEs to boost indigenisation and defence exports.
Adityapur is to be developed for defence manufacturing by leveraging its auto parts industry and about 1,500 MSMEs to support indigenisation and participation in defence supply chains, with plans to form a Jamshedpur-Adityapur-Ranchi-Bokaro industrial corridor contingent on state government cooperation and aimed at enhancing defence exports and domestic supplier capability.
January 16, 2026
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India's startup ecosystem is shifting to IP-led, globally credible product and technology companies supported by policy and long-horizon capital.
India's startup ecosystem is shifting from scale to sustained, Intellectual Property-led product and technology development across sectors beyond software. Three emerging archetypes-translational innovation, domain-immersed entrepreneurship, and ventures combining global IP with Indian manufacturing rigour-are driving durable technical advantage. Policy and capital are aligning with this shift through R&D support, procurement pathways and early-stage risk absorption, while investors increasingly target long-horizon, IP-focused outcomes rather than rapid scale alone.
January 16, 2026
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Congress demand for a share in power in Tamil Nadu defended; calls for representation, criticises central allocations, and urges fair elections.
Sachin Pilot defends the Congress demand for a formal share in power within a potential DMK-led government, arguing it enables representation and public service, while noting the DMK has performed well and the BJP/NDA remain weak in the state. DMK leaders have ruled out power-sharing. Pilot also criticises central budget allocations and changes to the rural employment scheme, alleges undue administrative pressure in electoral revision exercises, and calls for fair and transparent elections.
January 16, 2026
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IndiGo Mumbai-Krabi flight delayed over three hours amid crew duty-limit issues and unruly passenger incidents and poor communication.
IndiGo reported the Mumbai-Krabi flight was delayed beyond three hours due to late arrival of the incoming aircraft, air traffic congestion, and the crew exceeding duty time limits; the airline declared two passengers unruly and did not disclose departure times or passenger numbers, while boarded passengers complained of inadequate communication.
January 16, 2026
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Startups: FTAs, Rs.10,000 cr Startup Fund, GeM/ONDC integration, supply chain linkages and reskilling for deep-tech, tourism, and artisans.
The release describes policy measures to accelerate startup growth: priority sector focus on tourism and skill development with technology integration and workforce reskilling; Free Trade Agreements creating market and investor opportunities for cross-border startup collaboration; a second Rs.10,000-crore Startup Fund of Funds to support early-stage deep-tech; Government e-Marketplace and ONDC-based digitisation to enable artisans' market access; and institutional efforts to link startups and small enterprises with large investors and manufacturers to build domestic supply chains.
January 16, 2026
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Startup India expands financing and governance: Fund of Funds, Rs.1 lakh crore R&D fund, state rankings and national awards boost deep tech growth.
The Government's operative startup framework combines targeted capital instruments-an expanded Fund of Funds and a Rs.1 lakh crore R&D fund-with DPIIT recognition for over 200,000 startups to support job creation and deep tech development. Complementary governance and incentive mechanisms include the States' Startup Ranking Framework, assessing six reform areas across nineteen action points to drive measurable ecosystem outcomes, and the National Startup Awards across 20 categories to recognise innovation, scalability, and societal impact.
January 16, 2026
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Punjab Kesari alleges multiple raids and intimidation, Congress accuses AAP of targeting the press and undermining freedom.
Congress accused the Punjab AAP government of using enforcement measures-GST and excise searches, printing-press raids and alleged power interruptions-to intimidate Punjab Kesari, framing these actions as targeting the press and undermining freedom of expression, while the state government denied the newspaper group's allegations.
January 16, 2026
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Municipal elections saw major BJP gains while a contested government land sale involving a partner of Ajit Pawar's son faces investigation.
The article reports a contested 40 acre government land parcel sold at a reduced price to Amadea Enterprises LLP, in which Ajit Pawar's son is a partner, and notes that the deal came under scrutiny after a substantial stamp duty waiver; cases were registered against the seller's co partner and two government officials, presenting allegations of an illegal land sale and initiating a criminal investigation.
January 16, 2026
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Promotion of the National Pension System to microfinance borrowers with enrolment support and pension agents for retirement security.
PFRDA promoted adoption of the National Pension System among microfinance borrowers by presenting the NPS structure, features and benefits and emphasising its suitability for the informal sector. The outreach focused on enrolment and contribution mechanics for low income borrowers and included deployment of pension agents to assist borrowers and explain procedural nuances of joining the scheme.
January 16, 2026
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Silver hits record high in Delhi amid industrial demand, supply concerns and currency-driven market dynamics.
Silver in Delhi hit a record Rs 2,92,600 per kg after sustained stockist buying and persistent industrial offtake, supported by currency dynamics despite weaker international spot prices; analysts link the rise to accelerating industrial demand, supply deficits, and continued investor interest amid short-term profit-taking on firmer US dollar and changed Fed rate expectations.
January 16, 2026
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Aakar Charitable Trust builds check dams and ponds to recharge groundwater, requiring local contribution and maintenance to secure rural water and livelihoods.
Aakar Charitable Trust builds rainwater-harvesting structures (check dams and ponds) to increase groundwater recharge and convert arid land to irrigated farmland, requiring villagers to contribute 30% of project costs and to maintain completed works; where check dams are infeasible, ponds are used. The Trust pairs infrastructure with voluntary social reform pledges to protect income gains and runs complementary programmes in tree plantation, education, and cultural/ecological restoration.
January 16, 2026
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SkyWalkerTM robotic system launched at Jindal Hospital to enable precision, customized total knee replacements for complex and routine cases.
Introduction of the SkyWalkerTM Orthopedic Robotic System at Jindal Institute of Medical Sciences, Hisar establishes a new institutional capability for robot-assisted total knee replacement in North India. The system delivers sub-millimeter precision in joint alignment, uses dynamic gap balancing and kinematic principles, and is integrated with the Evolution Medial-Pivot Knee System to reproduce medial-pivot mechanics and enable customized implantation for routine and complex arthritic cases.
January 16, 2026
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Netrack expands integrated data center infrastructure offerings supported by Legrand's global ecosystem for scalability and reliability.
Netrack expands its integrated data center infrastructure offering through Legrand's global ecosystem, maintaining a focus on reliability and customer-centered performance. The broadened portfolio covers power, distribution, monitoring, containment, and cable management, and targets cloud, enterprise, colocation, and edge use cases. The initiative emphasizes modular scalability, energy-efficient performance, application-ready engineering, and lifecycle-oriented support, and includes a refreshed identity and updated website to improve access to product insights and technical documentation.
January 16, 2026
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Vigilance commissioner appointment: Praveen Vashista sworn in, holding a four-year term or until age 65.
Praveen Vashista was sworn in as Vigilance Commissioner, restoring the commission to full strength; the appointment carries a tenure of four years or until the incumbent attains the age of 65.
January 16, 2026
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Coal India targets higher output, rail upgrades, and diversification into solar, gasification and critical minerals in 2026.
Coal India's 2026 reform agenda prioritises higher coal output and improved quality through mechanised loading, digital modernisation, safety upgrades, and rail infrastructure investment, supported by Mine Developer cum Operator arrangements to unlock production. Concurrently, the company is diversifying via solar capacity additions, coal gasification projects with industrial partners, bidding for critical mineral blocks, and a joint venture for coal fired power expansion to align operational emissions reduction with a calibrated energy transition.
January 16, 2026
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Royale Touche laminates enable bold, minimalist interiors with durable wood effect, glossy, and digital surface options.
Royale Touche offers laminate surfacing products aimed at bold, minimalist interiors, combining streamlined forms, refined textures, and durable finishes for residential and commercial use. The range includes wood effect and glossy laminates that enhance warmth and light, wardrobe and kitchen laminates designed for uninterrupted sightlines and integrated living spaces, and digital laminates for colour and pattern applications, all emphasizing durability, consistency, and low maintenance.

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Maharashtra votes for high-stakes civic polls on Jan 15; Mumbai key battleground

January 14, 2026

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Mumbai, Jan 14 (PTI) As Maharashtra heads to the elections on Thursday for 29 municipal corporations, the spotlight is firmly on Mumbai, where the BJP-led Mahayuti is locked in a keen battle with the united Thackeray cousins Raj and Uddhav for control of the cash-rich BMC.

Polling for the 2,869 seats spread across 893 wards will begin at 7.30 am and end at 5.30 pm. A total of 3.48 crore voters are eligible to decide the fate of 15,931 candidates. In the Brihanmumbai Municipal Corporation (BMC), whose annual budget is over Rs 74, 400 crore, 1,700 candidates are vying for 227 seats in elections being held after a four-year delay.

Except for Mumbai, the other urban bodies have multi-member wards. Vote count will take place on January 16.

The polls, being held after a gap of several years due to various legal and administrative delays, are being seen as a "mini-assembly" battle that will test the ground strength of the split factions of the Shiv Sena and the NCP, as well as the electoral prowess of the ruling Mahayuti and the Congress.

Chief Minister Devendra Fadnavis, who spearheaded the campaign for BJP-led Mahayuti, has predicted that MNS leader Raj Thackeray would emerge as the biggest loser in his alliance with cousin and Shiv Sena (UBT) president Uddhav.

He dismissed the coming together of rival NCP factions in Pune and Pimpri Chinchwad as merely a localised development.

The CM led the ruling alliance’s canvassing, traversing the state to campaign for candidates of the Mahayuti, which includes his party BJP and the Eknath Shinde-led Shiv Sena.

These are the first BMC polls since the 2022 split in the Shiv Sena when Eknath Shinde broke away with a majority of the party’s MLAs. The undivided Shiv Sena held sway over India's richest civic body for 25 years (1997-2022).

More than 25,000 police personnel will be deployed across Mumbai to oversee elections to the BMC and vote counting.

In a significant political turn ahead of the elections, estranged cousins Uddhav and Raj Thackeray reunited after two decades in their bid to consolidate Marathi votes even as rival NCP factions forged a local alliance in Pune and Pimpri-Chinchwad.

The Congress has asserted its presence in Mumbai by stepping out of the shadow of its Maha Vikas Aghadi allies - Shiv Sena (UBT) and NCP (SP). The Congress has joined hands with Prakash Ambedkar’s Vanchit Bahujan Aghadi (VBA) and the Rashtriya Samaj Paksh in the state capital, even as it contests independently in Nagpur.

Elections to 29 municipal corporations are being held after a gap of over 6 years, with their terms having ended between 2020 and 2023. Of these, nine fall within the Mumbai Metropolitan Region (MMR).

The cities and towns going to polls are: Chhatrapati Sambhajinagar, Navi Mumbai, Vasai-Virar, Kalyan-Dombivli, Kolhapur, Nagpur, Mumbai, Solapur, Amravati, Akola, Nashik, Pimpri-Chinchwad, Pune, Ulhasnagar, Thane, Chandrapur, Parbhani, Mira-Bhayandar, Nanded-Waghala, Panvel, Bhiwandi-Nizampur, Latur, Malegaon, Sangli-Miraj-Kupwad, Jalgaon, Ahilyanagar, Dhule, Jalna and Ichalkaranji.

Fadnavis, along with his deputies Shinde and Ajit Pawar, campaigned across Maharashtra, while cousins Uddhav and Raj Thackeray concentrated their efforts on Mumbai, Thane, Nashik, and Chhatrapati Sambhajinagar.

Telangana minister Mohammad Azharuddin, AIMIM chief Asaduddin Owaisi and Tamil Nadu BJP leader K Annamalai were also among the star campaigners.

Populist promises for women were key features of the manifestos of both Mahayuti and the Shiv Sena (UBT)-MNS.

The Mahayuti has promised a 50 per cent concession for women in BEST bus travel, while the Thackeray cousins have assured a Rs 1,500 monthly allowance for women domestic helps and a property tax waiver on houses up to 700 sq ft.

The Congress manifesto, by contrast, prioritises combating Mumbai’s pollution, upgrading the BEST fleet, and strengthening the city’s financial health.

The race for Mumbai’s mayoral post took centre stage in the campaign, with the BJP claiming that a Sena (UBT) victory could lead to a Muslim mayor, a charge the Uddhav Thackeray-led party countered by assuring voters of a Marathi mayor.

Fadnavis also guaranteed that the next mayor will be a "Hindu and Marathi".

In Mumbai, the BJP is contesting on 137 seats, the Shiv Sena 90, while the NCP is fighting separately on 94 seats. The Shiv Sena (UBT) has fielded 163 candidates, the MNS 52, the Congress 143 and the VBA 46. The Congress has fielded 1,263 candidates across the rest of the state.

Mumbai will see several prominent candidates battling it out for supremacy in civic polls. These include former MLA Sada Sarvankar's son and Shiv Sena candidate Samadhan, who is contesting from Ward 194 in Worli, the constituency of Shiv Sena (UBT) MLA Aaditya Thackeray.

Sada Sarvankar's daughter Priya Gurav Sarvankar is contesting from Ward 191 (Mahim). Saurabh Ghosalkar (Shiv Sena-UBT), son of former MLA Vinod Ghosalkar, is contesting from Ward 7 (Dahisar).

Nishikant Shinde (Shiv Sena-UBT), brother of Shiv Sena (UBT) MLC Sunil Shinde, is locked in a prestige battle in Central Mumbai. Assembly Speaker Rahul Narwekar's relatives Makrand, Harshita and Gauravi Shivalkar are in the fray in different wards in Colaba.

Shiv Sena (UBT) MLA Sunil Prabhu's son and BJP leader Kirti Somaiya's son Neil are also in the fray. Former mayors who are once again in the poll ring include Kishori Pednekar, Shraddha Jadhav, Milind Vaidya and Vishakha Raut.

Several leaders who lost Assembly or parliamentary polls are also in the ring. Yamini Jadhav (Shiv Sena), who lost in the 2024 Lok Sabha and assembly polls, is contesting from Ward 209 (Byculla). Praveena Morajkar (Shiv Sena-UBT), an ex-corporator and assembly poll candidate, is contesting from Ward 169 (Kurla). PTI MR GK RSY

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