INDIA BUSINESS | Sat, 10 Jan 2026, 11:04PM IST
As 2026 begins, oil is no longer just a traded commodity it is once again a weapon of geopolitics. From Venezuelas re-emergence as a strategic battleground to the Arctics thawing frontiers and Greenlands growing importance, global powers are moving to secure future energy and resource dominance.
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3h
NCLT OKs Brickboss' buy of Supertech ORB
INDIA NEWS | Sat, 10 Jan 2026, 11:02PM IST
New Delhi: The bankruptcy court has approved the acquisition of distressed real estate firm Supertech ORB Project by Brickboss Infra, a subsidiary of Greater Noida-based developer Ametek Group.Supertech ORB Project is a group company of Supertech, which is undergoing a separate insolvency process.Brickboss Infra proposed a revival plan worth 420.86 crore for Supertech ORB Project, which had admitted liabilities of about 621 crore. Before the Allahabad bench of the National Company Law Tribunal granted its approval, the secured creditors had unanimously cleared the resolution plan."The resolution plan as approved hereby is binding on the corporate debtor (Supertech ORB Project) and other stakeholders involved, so that revival of the debtor company shall come into force with immediate effect," the division bench, comprising judicial member Praveen Gupta and technical member Ashish Verma, said in its order.Meanwhile, homebuyers of 16 stalled housing projects of Supertech have been calling for vacating a stay imposed by the top court on a National Company Law Appellate Tribunal order, issued in December 2024, which directed that all these projects be entrusted to NBCC (India) Ltd for time-bound completion.Supertech had also de-linked the Doon Square project in a reverse insolvency process, following which the handover of units was completed by Ametek Group, the project's co-developer, well before the stipulated deadline.The 16 stalled Supertech projects comprise 50,962 homes, of which 39,870 have been sold and 11,092 remain unsold. Of the sold homes, 24,871 have been handed over to buyers, while 14,999 have yet to be delivered.Apart from the Ametek Group subsidiary, other companies - including Rearco, Trident Infrahomes, One City Infra, Ausil Corporation, Authum Investment & Infrastructure and Resurgent India - had also expressed interest in acquiring the company through the insolvency resolution process.In October 2013, Supertech ORB Project, which is developing ultra-luxury high-rise residential apartments in Noida, was admitted into the corporate insolvency resolution process following an application filed by Ares SSG Capital-backed Assets Care and Reconstruction Company (ACRE).The tribunal appointed EY-backed Shailendra Ajmera as the resolution professional. Ajmera is also the resolution professional for Go Airlines and Mittal Corp, among others. The real estate firm's resolution professional received claims totalling 1,070 crore, of which claims of about 621 crore were admitted. The company's secured creditor, ACRE, held 87.34% voting share with admitted dues of about Rs 521 crore, while unsecured financial creditors held a 12.66% voting share with admitted dues of about 78 crore.
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3h
Ametek co Brickboss gets NCLT nod to buy Supertech ORB with 421-cr revival plan
INDIA BUSINESS | Sat, 10 Jan 2026, 11:02PM IST
The bankruptcy court has approved Brickboss Infra's acquisition of Supertech ORB Project. The buyer has also proposed a revival plan worth over 420 crore, which has been cleared by the secured creditors unanimously. This approval allows for the immediate revival of the company.
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3h
Dozens feared dead as Iran faces biggest nationwide protests in years
INDIA MARKET | Sat, 10 Jan 2026, 10:59PM IST
Separate mobile-camera footage from Fardis, a city about 50 kilometers (31 miles) west of Tehran, showed at least seven bodies covered in blood inside a building
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3h
NSE IPO nod likely by month-end, says Sebi chief Tuhin Kanta Pandey
INDIA MARKET | Sat, 10 Jan 2026, 10:54PM IST
The NSE has been seeking regulatory approval for its IPO for several years, following governance lapses and the co-location controversy that had come under Sebi's scrutiny.
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3h
Warburg Pincus to invest 960 crore in Fleur Hotels, buy 41.09% stake
INDIA BUSINESS | Sat, 10 Jan 2026, 10:38PM IST
Lemon Tree Hotels announces strategic reorganisation, Fleur to be listed on bourses separately
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3h
ICICI Lombard posts draft Q3 results
INDIA NEWS | Sat, 10 Jan 2026, 9:08PM IST
ICICI Lombard General Insurance Company on Saturday said that one of its key officials accidentally posted certain information about unaudited draft financial results of the company for the quarter and nine months ended December 2025 on the personal WhatsApp status. The information was posted on January 9 at around 5:44 pm, ICICI Lombard General Insurance Company said in a regulatory filing. It is to be noted that the Company's board meeting is scheduled to be held on January 13, 2026, to consider and approve audited financial results and audited financial statements for the quarter and nine months ending on December 31, 2025. The official deleted the post within an hour of becoming aware of the incident, it said. As a precautionary measure and in line with good corporate governance practices, the company has informed the stock exchanges about the incident. The company has cautioned investors not to rely on any information related to its financial results unless it is officially disseminated after approval by the board of directors. The draft financial results are subject to change during the ongoing audit and have not been approved by the board of directors, it said. PTI
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5h
ICICI Lombard's official accidently posts draft financial results of Dec quarter
INDIA BUSINESS | Sat, 10 Jan 2026, 9:08PM IST
ICICI Lombard General Insurance reported an accidental WhatsApp post of draft financial results. A company official shared unaudited figures for the quarter and nine months ending December 2025. The post was made on January 9 and deleted within an hour. The company has informed stock exchanges. Investors are cautioned against relying on this information.
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5h
Rice exports surge to near record in 2025 as curbs lifted
INDIA BUSINESS | Sat, 10 Jan 2026, 9:07PM IST
Non-basmati rice shipments jumped 25% to 15.15 million tons, while basmati exports increased 8% to a record 6.4 million tons
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5h
PhonePe Payment Gateway adds 'Bolt' to secure Visa, Mastercard payments via app
INDIA BUSINESS | Sat, 10 Jan 2026, 9:01PM IST
The solution utilises device tokenisation to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners, the company said in a statement
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5h
Karnataka flags shrinking fiscal space, seeks relief in Union Budget
INDIA MARKET | Sat, 10 Jan 2026, 8:48PM IST
The state government on Saturday urged the Centre to address Karnataka's "shrinking fiscal space" in the Union Budget 2026-27, stating that the state is under mounting pressure due to GST changes, rising social commitments and rapid urbanisation.
Karnataka Revenue Minister Krishna Byre Gowda, on behalf of the state government, handed over a representation to Union Finance Minister Nirmala Sitharaman at the Union Pre-Budget Meeting for 2026-27 in Delhi today.
In a release issued by the Chief Minister's Office, Gowda said, "Karnataka is a major contributor to national growth, but is facing shrinking fiscal space amid GST changes, rising social commitments, climate shocks, and rapid urbanisation. States' responsibilities have expanded faster than their revenues, necessitating corrective fiscal measures in Budget 2026-27."
The minister also flagged the fiscal and employment impact of replacing the demand-driven Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the ..
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5h
Dr. Reddys biologics unit gets U.S. FDA queries
INDIA BUSINESS | Sat, 10 Jan 2026, 8:36PM IST
The company will work closely with the U.S. FDA and is committed to addressing the queries specified in the PAAL, Dr. Reddys said in a filing
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5h
Machado offers Nobel to Trump, committee says prize is non-transferable
INDIA MARKET | Sat, 10 Jan 2026, 8:12PM IST
The committee also made it clear that it does not comment on the actions or statements of laureates after the prize is awarded
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6h
All candidates to undergo face authentication at exam centres: UPSC
INDIA BUSINESS | Sat, 10 Jan 2026, 7:59PM IST
The Union Public Service Commission (UPSC) will implement face authentication for all candidates appearing in its recruitment examinations to enhance the integrity of the selection process. A successful pilot program using AI-enabled facial recognition technology for the NDA and CDS examinations has already streamlined candidate verification to an average of 8-10 seconds per person.
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