Kanishk Aluminium India Limited IPO opens to raise Rs. 29.20 Crores; proceeds for debt repayment and brand promotion.
Kanishk Aluminium India Limited proposes an IPO on the BSE SME platform to raise Rs. 29.20 Crores via 4,000,000 equity shares at Rs. 73 each; the issue opens Jan 28 and closes Jan 30, 2026. Allocations: Non-Institutional Investors up to 1,899,200 shares, Individual Investors up to 1,900,800 shares, Market Maker 200,000 shares. Net proceeds will be used primarily for repayment/pre-payment of borrowings, branding and promotion of the 'Baari by Kanishk' brand, and general corporate purposes. Lead Manager: Sun Capital Advisory Services Private Limited; Registrar: KFIN Technologies Limited.

SRMIST students win Formula Bharat 2026, sweeping major dynamic and static categories and showcasing multidisciplinary engineering excellence.
Team Camber Racing of SRM Institute of Science and Technology won the Formula Bharat 2026 National Championship, taking first place across major dynamic and static events-including Endurance, Skidpad, Autocross, Acceleration, Engineering Design, Fuel Economy, and Sustainability & Best Practices-and receiving the Best Driver Award. The multidisciplinary student team, led by named officers and mentored by SRMIST faculty, exemplifies how competitive, hands-on programs translate academic training into industry-ready technical skills.

DeepSnitch AI presale surge highlights promoted utility and presale access amid stablecoin infrastructure and compliance developments.
Promotion focuses on DeepSnitch AI's presale mechanics and claimed working utility-exclusive presale access to live intelligence tools, fundraising momentum, and bonus mechanics asserted to create asymmetric upside for early participants-while Wemade's alliance with Chainlink is described as building compliance oriented StableNet infrastructure pending regulatory clarity; the piece includes market commentary on Chainlink and Hyperliquid and a risk disclaimer distancing publishers from editorial responsibility.

People-focused budget expands pensions, raises pay for frontline workers, funds free degree education and targeted infrastructure investments.
The 2026-27 budget prioritises expanded social transfers and public service compensation, including a substantial increase for social security pensioners, raised honoraria for community health and early childhood workers, daily wage increases for school cooking staff, statewide life and health insurance schemes, and free undergraduate education; it also allocates funds for a regional rapid transit initiative, coastal development, rural employment expansion, and forest and wildlife protection.

5 MW green hydrogen project at Deendayal Port to produce about 800 tonnes annually under an EPC contract supporting port refuelling.
Award of a 5 MW green hydrogen EPC contract at Deendayal Port requires design, supply, installation, testing and commissioning of a modular facility, expandable to 10 MW, projected to produce about 800 tonnes annually to support port operations and mobility. The project is aligned with the National Green Hydrogen Mission's maritime measures-ship retrofits, port-based bunkering, and creation of green hydrogen hubs-and contemplates renewable electrolysis and low-emission biomass conversion as permitted production pathways.

FTA with EU expands duty-free access for 93% of Indian exports and urges manufacturers to seize new market opportunities.
The Free Trade Agreement with the European Union, concluded after about two decades of negotiations, will provide duty-free access for roughly 93 per cent of Indian shipments to the 27-member bloc and lower import costs for luxury goods like cars and wines, thereby expanding tariff liberalisation and market access for Indian manufacturers who are urged to take advantage of the new preferential trading conditions.

Vietnam and the EU upgraded ties to a comprehensive strategic partnership to deepen trade and economic cooperation.
Vietnam and the European Union elevated relations to a comprehensive strategic partnership, placing the EU on equal diplomatic footing with the United States, China and Russia, and formalising deeper political and economic cooperation to deepen coordination on trade amid global trade disruptions caused by U.S. tariff measures, building on the parties' 2020 free trade agreement.

Kerala budget 2026 27: Rs 14,500 crore social package with wage hikes, new welfare schemes and targeted infrastructure funding.
The 2026-27 budget commits a Rs 14,500 crore package of targeted social expenditure increases and new programme funding, including monthly honorarium hikes for ASHA and Anganwadi staff, pay rises for pre primary teachers and literacy motivators, higher daily wages for school cooking staff, Rs 3,700 crore for the Chief Minister's Stree Suraksha Scheme, an extra Rs 1,000 crore for rural employment, expanded life and health insurance, free degree education in arts and science colleges, and capital allocations for an RRTS corridor, coastal development, and forest and wildlife protection.

Self-mastery guide urging young readers to use disciplined habits, self-reflection, and confronting fears to build resilience.
A practical guide for young readers to achieve self-mastery through purposeful change, disciplined habit formation, self-reflection, and confronting fears; it presents accessible, motivational chapters that frame personal transformation as an ongoing internal process and positions challenges as opportunities for resilience and growth.

Supreme Court petitions on influencers' FIRs, Delhi Ridge tree felling, stray dog order tweaks, and CCTV oversight.
Supreme Court petitions seek clubbing and quashing of multiple FIRs against influencers, permission disputes over tree felling in Delhi's Ridge for road construction, modification of a stray dog order, challenges to the validity of an electoral commission decision to conduct SIRs, and a suo motu matter on installing CCTV cameras in police stations; High Court matters include a defamation plea against a web series and a challenge to the relaxation of mandatory pilot fatigue management regulations.

Stock markets slip early as investors await Union Budget today; Sensex and Nifty open noticeably lower.
Equity benchmarks opened lower after a two-day rally as investors grew cautious ahead of the Union Budget; Sensex fell ~344 points to ~82,001 and Nifty declined ~94 points to ~25,249. Specific large-cap names underperformed following corporate earnings, while select infrastructure and banking stocks gained. Prior-session data showed net purchases by both foreign and domestic institutional investors, and regional markets were mixed, contributing to a volatile near-term outlook tied to budget-related sentiment.

Rupee hits 92 per USD amid elevated dollar demand and oil-driven risk aversion, pressuring markets and outlook.
The rupee fell to 92.00 per US dollar due to elevated dollar demand, a firmer dollar index and heightened geopolitical risk, with rising oil prices exacerbating pressure given India's net oil import position. Market strains were evident in NDF quotes near 92.00 and equity declines. A sustained break above 92.00 could extend downside toward 92.20-92.50, while RBI support and a softer dollar backdrop may cap gains and steer the pair back toward the low 91 range.

Kerala budget allocates Rs 14,500 crore to social security pensions and raises honorariums for ASHA and Anganwadi workers.
The 2026-27 budget allocates Rs 14,500 crore for social security pensions and Rs 3,700 crore for the Chief Minister's Stree Suraksha Scheme, and raises monthly honorariums by Rs 1,000 for ASHA and Anganwadi workers, Rs 500 for Anganwadi helpers, Rs 1,000 for pre primary teachers and literacy mission motivators, and increases school cooking staff daily wages by Rs 25.

Insolvency and Bankruptcy Code reforms and international coordination aim to strengthen recoveries, expedite resolutions, and improve credit discipline.
The decade-long implementation of the Insolvency and Bankruptcy Code has promoted credit discipline, reduced non-performing assets, and improved post-resolution corporate performance; stakeholders urged targeted amendments and enhanced implementation measures. Panels addressed asset tracing, enforcement and recovery, out-of-court workouts and pre-pack solutions, and financing for distressed acquisitions to accelerate resolutions and improve recoveries. Adoption of the UNCITRAL Model Law and international cooperation were discussed to strengthen cross-border insolvency coordination and practical enforcement tools.

India EU financial services FTA establishes electronic payments interoperability, fintech cooperation, non discrimination and expanded market access.
The India EU Financial Services Annex establishes a 16 article framework to deepen integration and market access by enabling electronic payments interoperability and real time cross border transfers, promoting FinTech cooperation (including SupTech, RegTech and CBDC), protecting against discriminatory credit assessment practices, and providing progressive market access and national treatment commitments across banking, insurance and other financial subsectors with liberalized FDI limits and an expanded bank branch licensing regime.

Insolvency resolution: IBC reforms to streamline CIRP, expedite large account reviews, and balance stakeholder interests.
The Insolvency and Bankruptcy Code is framed as the mechanism to deliver transparent, efficient debt resolution by streamlining the Corporate Insolvency Resolution Process in a time bound manner while balancing stakeholder interests; challenges on timeliness and effectiveness are noted, and coordinated action by the Ministry of Corporate Affairs, the Insolvency and Bankruptcy Board and the Department of Financial Services-including periodical review of large public sector bank accounts-is advanced to expedite CIRP and improve asset realisations.

NARCL reports complete SR redemption in three accounts and urges faster acquisitions through lender cooperation.
Secretary, DFS reported NARCL increased acquired accounts to 30 with aggregate debt exposure of about Rs 1.63 lakh crore and a pipeline toward the Rs 2 lakh crore target. Net recovery rose by ~Rs 1,439 crore to total recoveries of Rs 5,496 crore; security receipt redemption totals Rs 4,803 crore, with 100% SR redemption and upside distribution in three accounts. Discussion focused on shortening acquisition timelines by addressing inter-se creditor issues from differential security structures, additional collateral and valuation disputes, and on coordinated action with lenders to follow decisions made in the Joint Lenders Meeting (JLM).

MoU enabling formal recognition of CCIL by ESMA and cooperation on CCP compliance and information exchange.
The MoU establishes a framework to enable formal recognition by ESMA of CCIL and other RBI regulated CCPs, providing for consultation, cooperation and exchange of information on the covered CCPs and monitoring their compliance with recognition conditions, while ESMA may rely on RBI supervision and the RBI remains accountable for CCP resilience in India; the MoU is non binding and effective from signing for an unlimited period.

India-EU trade deal prompts US criticism over Europe's refusal to join tariffs on India's Russian oil purchases.
US officials criticised the India EU free trade agreement for prompting the EU to decline joining US tariff measures aimed at penalising India's purchases of sanctioned Russian oil, arguing the EU placed trade interests above allied sanctions. The FTA grants broad market access and mobility provisions to India, reduces or removes duties on the majority of bilateral goods, and accompanies pacts on security, defence cooperation and mobility of Indian workers, creating significant sectoral gains for both sides.

Partial government shutdown looms as Democrats demand enforceable ICE conduct rules and identification for agents.
Senate Democrats condition funding approval on an enforceable code of conduct for immigration agents, identification requirements with "masks off, body cameras on," tighter warrant rules and coordination with local law enforcement, and an end to roving patrols; they seek to separate Homeland Security funding and have pledged to block the broader spending package until these reforms are accepted.