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INDIA BUSINESS | Thu, 22 Jan 2026, 1:07AM IST UK-based Actis is reportedly looking to exit its Indian renewable energy platform, Athena Renewable Energy, for an enterprise value of around 3,000 crore. The firm has appointed Kotak Mahindra Capital as its financial advisor and has approached several potential buyers for the 550 MW solar platform. This move follows Actis's history of successful exits in India's growing clean energy sector.

Continue reading at Economic Times

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GLOBAL NEWS | Thu, 22 Jan 2026, 1:05AM IST During arguments, key justices appeared concerned that presidents efforts to oust Lisa Cook could imperil the central banks independence.

Continue reading at The New York Times

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INDIA BUSINESS | Thu, 22 Jan 2026, 1:03AM IST A recent inspection by India's drug regulator has revealed a troubling statistic: 167 medication samples were classified as not of standard quality (NSQ) in December, with valuable insights from both central and state laboratories aiding the findings. Many of these samples consisted of widely used drugs, highlighting a critical need for heightened quality control.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 22 Jan 2026, 1:00AM IST Television advertising volume saw an 11% decline in 2025, primarily due to a ban on real money gaming and a shift towards digital platforms like CTV and OTT. While core categories remain active, their TV usage has become more tactical, impacting overall volumes despite stable advertiser presence.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:57AM IST Potential suitors for IDBI Bank's disinvestment face uncertainty regarding renaming the lender post-acquisition. The RBI previously rejected a rebranding proposal when LIC invested, citing IDBI's reclassification as a private sector bank. This lack of clarity could impact the bidding process, though progress is expected.

Continue reading at Economic Times

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INDIA NEWS | Thu, 22 Jan 2026, 12:54AM IST Davos: India has outpaced China as Carlsberg Group's most important growth engine, prompting the Danish brewer to accelerate investments, add capacity and push deeper into premium beers in one of the world's most complex markets."India is really a key market for us... it's now our key growth market. It's also a bigger growth market than China," Jacob Aarup-Andersen, Carlsberg's global chief executive, said in an interview with ET on the sidelines of the World Economic Forum in Davos. While China remains larger in absolute size, India "clearly holds the key position" for Carlsberg's future growth, he said.Carlsberg plans to invest 1,250 crore ($150 million) over the next couple of years, with "thousands of crores" more likely over the medium term as it seeks to scale profitably. At Davos, the brewer announced a 500 crore investment to set up a new brewery in Maharashtra, part of the broader capital plan in the country."We are doing a lot of investments to enforce our position and take market leadership," Aarup-Andersen said, adding that it is spending on new capacity, technology and AI, as well as hiring more talent.The renewed push follows Carlsberg's move to take full control of its India business about a year and a half ago, ending a long-running commercial conflict with its former local partner. "It's worked very well," he said.Over the past two years, Carlsberg has grown faster than before, delivering what he described as "high and profitable growth". "If you look at the last 10 years, Carlsberg in India has grown 10% on average and the market has grown 5%," Aarup-Andersen said, adding that while final numbers are still awaited, the company last year again "clearly outperformed the market".India-a warm, tropical country with promising demographics and increasing affluence-remains one of the largest beer markets worldwide. UB currently controls half of the Indian beer market followed by AbIBbev and Carlsberg.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:54AM IST Carlsberg Group is making bold moves in the Indian beer market, significantly increasing its footprint. The renowned Danish brewer is channeling substantial investments into expanding its production capabilities and rolling out a range of premium beers. Surpassing China, India has now emerged as Carlsberg's key market for future growth.

Continue reading at Economic Times

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GLOBAL NEWS | Thu, 22 Jan 2026, 12:53AM IST A recently filed lawsuit claims the ratings assigned by A.I. screening software are similar to those of a credit agency and should be subject to the same laws.

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:41AM IST India has opened up the lower 6 GHz spectrum band for Wi-Fi. This move allows for significantly faster internet speeds on home networks. New technologies like Wi-Fi 7 can now operate in the country. This decision aligns India with global standards and signals its commitment to advanced wireless technology leadership.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:40AM IST Indian electric carmakers are addressing buyer anxieties beyond product launches by offering assured buybacks, battery subscriptions, and exchange schemes. Companies are bundling services to make EV ownership predictable and risk-free, with a focus on building customer confidence and a complete ecosystem for accelerated adoption.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:34AM IST In his resignation letter addressed to the company's board of directors, Ratra said that after careful thought and personal reflection, he had decided to explore entrepreneurial opportunities.

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:27AM IST India's draft National Electricity Policy prioritizes technology deployment and skill development for energy security. The government will support acquiring or developing critical power sector technologies through FDI and partnerships, encouraging industry-academia collaboration. Utilities will adopt AI and smart grid tech, with a goal for indigenously developed SCADA systems by 2030.

Continue reading at Economic Times

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:26AM IST Public sector banks are now actively pursuing QR-code led merchant payments. This move challenges established fintech players like BharatPe, PhonePe, and Paytm. Banks aim to capture revenue and data opportunities in this growing digital payment ecosystem.

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:25AM IST SBI Chairman Challa Sreenivasulu Setty anticipates a private investment rebound once US tariff issues resolve. He believes SBI can achieve its growth aims organically, focusing on AI to boost efficiency. Setty also noted room for consolidation in public sector banking, but SBI does not need inorganic growth. Savings accounts are stable, but current accounts are impacted by government cash management.

Continue reading at Economic Times

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GLOBAL NEWS | Thu, 22 Jan 2026, 12:25AM IST Breaches of ethics in sports are almost as old as professional competitions. Heres when they have affected the business and when they havent.

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:11AM IST The Directorate General of Civil Aviation (DGCA) issued a record 1,628 commercial pilot licenses in 2024, more than 2.5 times the number from eight years prior. The civil aviation ministry also actively monitored fare levels, invoking regulatory powers during the IndiGo crisis to ensure fair pricing and protect passengers from opportunistic charges.

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:10AM IST The benefits of cross-border CBDC payments could outweigh costs

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INDIA MARKET | Thu, 22 Jan 2026, 12:07AM IST BSE Sensex EPS growth slows to 1.3%, the weakest in five years, highlighting a sharp earnings slowdown even as valuations stay elevated

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INDIA NEWS | Thu, 22 Jan 2026, 12:07AM IST MMRDA signed MoUs worth 9.52 trillion on day two of WEF 2026, taking total commitments to 18.25 trillion and reinforcing global investor confidence in MMR

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:05AM IST SWELECT Energy Systems Ltd on Wednesday unveiled a new brand logo and the tagline 'Powering the World Responsibly' as it seeks to strengthen its presence in solar, energy storage, and integrated energy solutions, a company official said. The Chennai-based company also announced the launch of its NUMERGY product portfolio, a comprehensive range of Battery Energy Storage Systems (BESS) designed to meet the growing demand for reliable power across residential and commercial applications. In a press release, SWELECT Energy Systems Ltd founder and vice chairman R Chellappan said, "Our new identity reflects how far we have come and where we are headed. From building dependable power solutions under Numeric to focusing on clean energy through SWELECT, our core values remain the same-reliability, responsibility, and trust." The new logo and tagline signal a clear strategic direction as the company expands its presence in solar, energy storage, and integrated energy solutions, the release ..

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INDIA NEWS | Thu, 22 Jan 2026, 12:03AM IST Attending the World Economic Forum Annual Meeting here for the first time in its history, Assam has secured investment commitments worth Rs 1 lakh crore already, and it is only a base for the state in the global arena, Chief Minister Himanta Biswa Sarma said on Wednesday. Speaking to PTI here, Sarma said Assam, or for that matter any state from the northeastern region, has come to Davos for the first time, and it has been an enlightening experience, and it will help us in framing policy and bringing more investment to our state. Citing RBI data, he said Assam is now the fastest-growing state in the country, and in the last five years, we have consistently achieved 13 per cent plus growth, while next year our growth projection will be around 15 per cent. "We are a small economy, but now we are growing at a faster pace. The Prime Minister is championing the cause of Assam, championing the cause of the northeastern region," he said. Sarma said the Prime Minister has laid the foundatio

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INDIA NEWS | Thu, 22 Jan 2026, 12:03AM IST New Delhi: Indian refiners are moving quickly to plug the gap in supply of US sanctions-hit Russian crude, lifting their first cargo from Guyana in two years, and ramping up imports from Saudi Arabia by about a third in January as they seek to meet strong energy demand at home.In the first half of the month, refiners procured about 297,000 barrels per day (bpd) from Guyana, according to Kpler, a global real-time data and analytics provider.Guyana is rapidly emerging as a new global oil producer backed by major discoveries and fast-rising output. The South American nation has however remained outside India's preferred sourcing basket due to the long shipping distance.With Russian supplies declining, Indian refiners are now increasingly tapping Guyana as an alternative.127034690Imports from Saudi Arabia and Iraq in West Asia, and from Nigeria and Angola in Africa, have also risen this month amid strong oil demand in India, the world's third-largest oil consumer and importer.Russia remains India's top supplier, with volumes of about 1.179 million bpd in the first half of January, though declining about 3% sequentially, and about 30% below the 2025 average. Supplies from Iraq, the second-largest supplier, rose 18% month-on-month to about 1.071 million bpd, while imports from Saudi Arabia jumped 36% to around 954,000 bpd, Kpler data showed.Supplies from Nigeria nearly doubled sequentially to about 305,000 bpd, while imports from Angola almost tripled to around 195,000 bpd.Imports from the UAE fell 40% to about 352,000 bpd, while shipments from the US were largely flat at around 349,000 bpd in the first half of January.A clearer picture on India's crude sourcing shifts is likely to emerge by the month-end, but early data suggests refiners are tapping new or previously marginal sources to meet incremental demand as Russian supplies shrink and uncertainty rises amid mounting US pressure. Indian Oil, Nayara Energy, and Bharat Petroleum were the only refiners to receive Russian cargoes in the first half of January. Reliance Industries, India's largest importer of Russian crude over the past year, didn't lift any Russian cargo in the period. Hindustan Petroleum, HPCL-Mittal Energy, and Mangalore Refinery and Petrochemicals also did not take Russian supplies.

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INDIA BUSINESS | Thu, 22 Jan 2026, 12:03AM IST India's oil refiners are actively seeking new crude oil sources. Imports from Guyana have resumed after two years. Saudi Arabian and Iraqi supplies are significantly up. This shift aims to meet strong domestic energy demand. Russia remains the top supplier but volumes are decreasing. Refiners are tapping new and previously marginal sources to ensure supply.

Continue reading at Economic Times

1h

INDIA BUSINESS | Thu, 22 Jan 2026, 12:02AM IST The government has unveiled the draft National Electricity Policy, 2026, proposing strict tariff norms and structural reforms to improve discom finances. Aiming for Viksit Bharat, it targets significantly increased per capita electricity consumption by 2030 and 2047, with a focus on renewable energy, nuclear power, and financing needs.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 21 Jan 2026, 11:32PM IST Maharashtra is set to become the first state to host thorium-based power plants. The state government is in advanced talks with the Department of Atomic Energy and NPCIL. Two units, a 1,540 MW plant and a 440 MW unit, are planned. This initiative aims for clean and cheaper energy, aligning with national decarbonization goals. Power is estimated to cost 3.

Continue reading at Economic Times

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INDIA NEWS | Wed, 21 Jan 2026, 11:13PM IST New Delhi: India is likely to clock real gross domestic product (GDP) growth of 6.5-7% in the coming fiscal, supported by the continuing growth momentum, though policymakers should remain mindful of the looming geopolitical risks and weak global demand, according to an ET-PwC survey.As per the survey, 78% of respondents expect India's growth to remain in the 6.5-7% band in FY27, reflecting optimism arising out of the current growth momentum, which the majority of CXOs described as strong to stable, while 21% expect it to be between 6% and 6.5%, and only 1% of the respondents foresee it in the 7-7.5% range.Official advance estimates project India's economy to grow 7.4% in FY26 compared with 6.5% in the last fiscal.127027656 More than half the corporate leaders saw geopolitical shocks as the biggest downside risk to FY27 growth outlook, followed by weak global demand, and almost a fifth pointed to trade uncertainties, according to the CXO study."CXOs are signalling strong momentum and expect around 7% real GDP growth next year. This optimism is reinforced by the India cut of PwC's 29th Annual Global CEO Survey, where 77% of India CEOs surveyed anticipate stronger domestic economic growth. Together, this presents a pivotal opportunity for the budget to deepen India's growth engines," said Sanjeev Krishan, chairperson, PwC in India.More than 200 senior corporate leaders were surveyed across health and pharma, technology, manufacturing, infrastructure, consumer goods & retail, and finance sectors. Around 60% of those surveyed described India's current growth momentum as "strong and broad-based" and 38% terming it "highly robust across the economy".Among industries, half of the respondents in consumer goods and retail, and 58% in healthcare & pharma found growth to be highly robust. However, 3% of the manufacturing industry interviewees and 2% of companies with revenue of Rs 10,000 crore and above found India's growth momentum to be "slowing visibly".Investment, demand visibilityCapital expenditure on infrastructure emerged as the single-most important budget lever, with half of the respondents favouring it. Almost a quarter of the respondents wanted the government to continue incentives for the manufacturing sector, while a similar proportion of CXOs pitched for a consumer stimulus in the budget."Prioritising infrastructure capex- our most dependable driver of demand, competitiveness and jobs - will be critical. At the same time, easing investment flows through faster dispute resolution and a more predictable policy environment can help unlock long-term capital," Krishan said, and added that strengthening manufacturing as a force multiplier by reducing cost pressures on MSMEs and improving logistics is essential.Nine out of 10 respondents cited either weak demand visibility or high borrowing costs as chief reasons for holding back private investment, with nearly three-fifths saying the cure lay in granting tax incentives."Equally, investing in AI, domestic compute capacity, and large-scale skilling will expand productivity and ensure technology becomes an enabler for inclusive, broad-based growth," he added.Weak demand visibility was the top reason holding back domestic private investment for 91% of those surveyed in the manufacturing sector, with high borrowing costs and regulatory and tax uncertainties being the other causes.Almost half the corporates forecast strong and broad-based consumer demand in FY26, with infrastructure being the most optimistic, while less than 5% of the BFSI, consumer, and infra respondents expect flat consumer demand.Fiscal consolidation, inflationThree-quarters of CXOs interviewed said there was strong-to-significant headroom for the government to achieve further fiscal consolidation. But a high proportion of infrastructure and BFSI CXOs saw "very little" headroom, according to a sectoral breakup of the study. More than half the respondents hoped the fiscal deficit will be bridged by higher tax buoyancy but the majority of infrastructure sector officials said cutting non-essential spending was the most effective tool to deal with fiscal deficit.Higher tax buoyancy has emerged as the top lever for fiscal deficit reduction, followed by subsidy rationalisation.The inflation outlook is mixed as 36% of the respondents expect it to rise, and 28% have a moderate position with concerns around food inflation. India's retail inflation was 1.33% in December-well within the RBI's 2-6% target band- while food inflation was -2.71%.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 21 Jan 2026, 11:02PM IST Spirits demand shows early signs of recovery. Diageo India notes consumption green shoots. The premium segment performed well this quarter. Consumers are spending on premium brands for special occasions. However, daily purchases remain cautious. Challenges persist in states like Maharashtra and Telangana.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 21 Jan 2026, 10:56PM IST Jindal Stainless faces export challenges due to unclear policies in the US and Europe. Uncertainty around Europe's Carbon Border Adjustment Mechanism and shifting stances in the US are making customers hesitant to place large orders. Despite this, the company is prepared to handle increased demand.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 21 Jan 2026, 10:53PM IST Andhra Pradesh Chief Minister N Chandrababu Naidu announced the foundation for the ArcelorMittal Nippon Steel plant in Anakapalli district will be laid after February 15. He also met with leaders from Tamara Hospitality and Calibo AI Academy to discuss tourism, hospitality, and AI training opportunities for the state's youth.

Continue reading at Economic Times

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GLOBAL NEWS | Wed, 21 Jan 2026, 10:46PM IST During arguments Wednesday, key justices appeared concerned that presidents efforts to oust Lisa Cook could imperil the central banks independence.

Continue reading at The New York Times

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