U.S. Hiring Turned Sluggish Over First Year of Trumps Second Term
GLOBAL NEWS | Sat, 10 Jan 2026, 2:03AM IST
As economists pointed to some of the presidents policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.
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Jobs Report Shows U.S. Hiring Slowed One Year Into Trumps Second Term
GLOBAL NEWS | Sat, 10 Jan 2026, 2:03AM IST
As economists pointed to some of the presidents policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.
Continue reading at The New York Times
1h
X Sues Music Publishers, Alleging Collusion Over Licensing Deals
GLOBAL NEWS | Sat, 10 Jan 2026, 1:36AM IST
The social media platform says it was pressured into licensing agreements for songs at inflated rates. In 2023, publishers sued the company for copyright violations.
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1h
Trump Seeks New Powers to Pressure Underperforming Weapons Makers
GLOBAL NEWS | Sat, 10 Jan 2026, 1:28AM IST
In an executive order, President Trump is aiming to punish defense contractors that dont deliver weapons quickly enough.
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2h
U.S. Hiring Turned Sluggish One Year Into Trumps Second Term
GLOBAL NEWS | Sat, 10 Jan 2026, 1:09AM IST
As economists pointed to some of the presidents policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.
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2h
Financial Services secretary flags digi risks
INDIA NEWS | Sat, 10 Jan 2026, 12:44AM IST
Mumbai: The government has expressed serious concerns over the sharp rise in digital frauds, with financial services secretary M Nagaraju flagging the growing menace of mule accounts as a major challenge. Speaking in Mumbai at the Indian Banks' Association's (IBA) 21st Annual Banking Technology Conference, Nagaraju said that despite sustained efforts by banks, the situation remains alarming and calls for deeper deliberations to arrive at workable solutions."The government is very concerned about the rising frauds and digital risks, which are leading to innocent people losing their lifelong savings," Nagaraju said. "The menace of mule accounts is growing and, despite all possible efforts by banks, the situation is not very good. Traditional systems have been deployed to tackle these issues, but extensive deliberation is required to find feasible solutions, where the role of AI and GenAI will be very vital."The central bank has introduced initiatives such as MuleHunter.ai to combat mule accounts used for fraudulent transactions. The AI tool delivers high accuracy and precision with significantly low false-positive rates and is currently deployed across 20 commercial banks.In FY25, banks reported 13,516 cases of card and internet frauds amounting to 520 crore. Most frauds occurred via digital channels such as cards and internet banking. While private sector banks saw the bulk of these digital frauds, public sector banks reported most frauds linked to their loan books.Nagaraju called for wider adoption of AI and generative AI to build simplified KYC protocols, enable faster resolution of customer grievances, and support micro-borrowing by analysing unconventional data sources."To build a robust roadmap for responsible banking, can we think of AI models to develop products, identify clusters that need greater focus, and help us cover the uncovered population?" he said. "Can AI models help build customised and sustainable products for different sections of society, prevent frauds, and also help us achieve inclusive banking?" Nagaraju noted that AI and GenAI remain largely uncharted territory, and the path taken now will shape the future of the financial sector. He cautioned core issues such as hallucinations, explainability, and embedded biases in AI ecosystems are troubling stakeholders globally and could lead to unethical practices.
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India's travel boom turns heads across Asia-Pacific region
INDIA BUSINESS | Sat, 10 Jan 2026, 12:41AM IST
A wave of Indian travelers is set to explore Asia and Australia in the upcoming years, as nations such as South Korea and Japan unveil fresh, captivating destinations. Meanwhile, Australia anticipates a surge in Indian tourists, thanks in part to vibrant cultural festivals that highlight its diverse heritage.
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Sony Pictures India plans to reshuffle top roles, cut jobs
INDIA BUSINESS | Sat, 10 Jan 2026, 12:37AM IST
Sony Pictures Networks India is embarking on a significant transformation, with potential layoffs affecting more than 100 staff members as cost-saving measures take center stage. The outsourcing of post-production tasks is on the horizon, reflecting the organization's need to navigate tough market landscapes more effectively.
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Budget 2026: Pharma, med-tech companies seek PLI extension to cover APIs
INDIA BUSINESS | Sat, 10 Jan 2026, 12:31AM IST
The industry expects the government to address these issues in the Union budget announcement this year. Sudarshan Jain, secretary general of Indian Pharmaceutical Alliance (IPA) said the recent global challenges like US tariffs, supply chain disruptions and geopolitical uncertainty have underscored the need for strategic support, and hence, restoring 200% weighted deduction for research and development expenditures would be a significant step.
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DoT freezes 95% of Vodafone Ideas AGR dues, grants 10-year relief
INDIA BUSINESS | Sat, 10 Jan 2026, 12:26AM IST
Vodafone Idea has secured a significant 10-year relief on its adjusted gross revenue dues. The company will now repay these liabilities over 16 years until 2041. This move provides crucial cash-flow support, aiding Vi in its efforts to raise fresh funding and enhance network capabilities. The government's continued interventions aim to strengthen the telecom operator's position in the competitive market.
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NTPC, Maharashtra's MAHAGENCO ink deal to acquire Sinnar Thermal
INDIA BUSINESS | Sat, 10 Jan 2026, 12:24AM IST
The resolution plan submitted by the consortium was approved by the National Company Law Tribunal in November, the central government company informed the exchanges.
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Apparel exporters hanging by a thread amid new tariff threats
INDIA BUSINESS | Sat, 10 Jan 2026, 12:09AM IST
India apparel exports: The industry is already under pressure after the US imposed 50% tariffs on India last August, marked by deep discounts, diversion of idle capacity to domestic brands and rerouting of export orders through neighbouring countries.
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3h
Apparel exporters hanging by a thread
INDIA NEWS | Sat, 10 Jan 2026, 12:09AM IST
Mumbai: Just as Indian apparel factories began production for the next US fall-winter season, a looming threat of a 500% tariff risks derailing capacity utilisation."Buyers who were earlier considering shifting some orders to India no longer want to come. They have started writing to us, asking what happens if this 500% tariff is imposed, who will take the guarantee," said Vijay Agarwal, chairman of the Cotton Textiles Export Promotion Council.The industry is already under pressure after the US imposed 50% tariffs on India last August, marked by deep discounts, diversion of idle capacity to domestic brands and rerouting of export orders through neighbouring countries. On Wednesday, US senator Lindsey Graham said President Donald Trump has given the go-ahead for a Bill proposing 500% tariffs on countries that continue trading with Russia.India exported apparel and textiles worth $37 billion in the 2024-25 fiscal year, with the US accounting for 28-30% of the total. Since the US imposed 50% tariffs on Indian goods, the industry has been struggling to stay afloat. According to the Confederation of Indian Textile Industry, during April-November 2025, apparel exports grew marginally by 2.28%, while textile exports declined by 2.27%. 126442487 "The situation remains highly uncertain as far as US tariffs are concerned. But we still have to manufacture the goods. We will have to take the risk," Agarwal said."We offered deep discounts to keep exports going, hoping the issue would be resolved soon," said Rajat Jaipuria, MD of Kolkata-based Rajalaxmi Cotton Mills, which employs around 8,000 people."We have now started production for fall season orders. However, a 500% tariff would effectively amount to an embargo," Jaipuria said. "We are unsure how factories can continue operating if exports to the US stop."For the fall season, US buyers have already begun exploring alternatives to Indian exporters.Tiruppur, which accounts for nearly 90% of India's knitwear exports, is already seeing signs of stress, say industry executives.
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Renewable energy usage norms may be eased for energy derived from waste
INDIA BUSINESS | Fri, 9 Jan 2026, 11:50PM IST
According to draft procedures for RCO compliance mechanism, issued by the Bureau of Energy Efficiency, the exemption covers self-consumed electricity generated through waste recovery, including from byproduct gases, or other forms of residual energy sources associated with industrial processes.
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Need to ensure affordable energy for 1.4 b people: India on US Bill
INDIA BUSINESS | Fri, 9 Jan 2026, 11:29PM IST
India is keenly observing a proposed law in the US that may impose substantial tariffs on countries purchasing Russian oil. New Delhi asserts that its energy decisions are shaped by global market dynamics and the need to provide affordable resources for its population.
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4h
Chabahar Port on agenda as Iranian FM arrives next week
INDIA BUSINESS | Fri, 9 Jan 2026, 11:22PM IST
In a pivotal diplomatic mission, Iranian Foreign Minister Abbas Araghchi is set to meet with Indian ministers to explore the future of the strategically important Chabahar Port. With a key US sanctions waiver nearing its end this April, the discussions will center on enhancing trade relations and celebrating the 75-year-long partnership between India and Iran.
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