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INDIA BUSINESS | Fri, 23 Jan 2026, 1:41AM IST The court also ordered that the paras in the interim order freezing the bank accounts and barring appellants from trading shall cease to apply on payment of the amount

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1h

GLOBAL NEWS | Fri, 23 Jan 2026, 1:19AM IST The lawsuit, citing political discrimination, said the banking giant told President Trump shortly after the Jan. 6 attack on the Capitol that it would close his accounts.

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1h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:58AM IST Amazon and Samara Capital have injected 607 crore into More Retail this fiscal year, ahead of a planned IPO. The supermarket chain aims to use these funds for debt reduction and business expansion. More Retail has halved its net losses and seen sales growth, transitioning to a hybrid online-offline model to drive profitable expansion.

Continue reading at Economic Times

2h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:58AM IST Non-banking finance companies (NBFCs) saw their lending grow by 22% in the period leading up to the end of December. This expansion was faster than that of bank advances, which reported a 14.4% growth during the same timeframe. NBFCs, excluding bank credit to these companies, had outstanding loans totaling Rs 35.8 lakh crore.

Continue reading at Economic Times

2h

GLOBAL NEWS | Fri, 23 Jan 2026, 12:53AM IST Ice, sleet and possibly significant snowfall are threatening to snarl travel in much of the eastern U.S. starting on Friday. Heres what to know.

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2h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:53AM IST Regional airline Fly91 aims for operating break-even in the next financial year, despite reporting a net loss of 67.6 crore in FY25. The carrier plans to achieve this by expanding its fleet to nine aircraft, increasing aircraft utilization, and adding new regional routes to its network.

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2h

GLOBAL NEWS | Fri, 23 Jan 2026, 12:42AM IST Andrew Ross Sorkin, editor at large of DealBook, describes how leaders at the World Economic Forum in Davos remain on edge after President Trump, for now, backed down from threats of using tariffs or military force to gain Greenland.

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2h

INDIA NEWS | Fri, 23 Jan 2026, 12:35AM IST New Delhi: Demand for China has been rising among Indian travellers considering expanded aviation capacity, attractive hotel rates, and social media content, but recent visa application requirements are likely to hinder travel.Tour operators and travel agents familiar with the matter said visa timelines have expanded and rejection rates for visas to China are up following new requirements that mandate a prior online submission of documents and approval from the embassy and consulates followed by in-person physical document submissions. There is also a greater scrutiny of financial statements, travel companies said.As per new rules introduced in December last year, applicants need to complete an online application form and upload all the necessary documents including passports, photos and other necessary supporting documents along with a printout of a payment confirmation email. Following this online submission, they must wait for a preliminary verification and online approval from the embassy or consulates. Applicants may receive emails requesting additional documents, or corrections and their status could be 'rejected' following which they may need to modify the application and resubmit it. Once the application is approved, applicants will receive a confirmation email, and their status will change to 'online review completed.' Candidates can then visit the application centre with printouts of the 'visa application certificate' with the other required documents.Mohak Nahta, founder and CEO of visa services firm Atlys, said in December rejection rates were close to 40% at an industry level. "We have seen both longer timelines and higher rejection rates recently. There is also additional scrutiny, particularly around financials," said Nahta. "Applicants are now expected to show a minimum balance for '1 lakh maintained consistently over the past three months. Further, the new online pre-approval stage itself is taking longer, which has extended overall processing timelines," he added. Queries sent to the Chinese embassy in Delhi and consulates in Mumbai and Kolkata remained unanswered till the time of going to press.Ajay Prakash, founder of Nomad Travels and the former president of Travel Agents Federation of India, said timelines have been extended because of the new requirements. "A lot of times, the approvals are not coming. I think travel is fully resuming after five years with the direct flights and so are the applications, so everybody is testing the waters on this," he added.Previously, leisure travel to China centred on the traditional circuit of Beijing, Shanghai, and Xi'an, but current consumer interest spans a broader set of destinations including Chengdu, Chongqing, Zhangjiajie, Yichang, and the Yangtze river cruise circuit, said Neeraj Singh Dev, executive vice president and head of e commerce and domestic and short haul holidays at Thomas Cook (India). Dev said with IndiGo's low-cost flights to Guangzhou, Air India's services from Delhi and the reinstatement of China Eastern routes, Indians now have multiple entry gateways and cost-efficient travel options. China also appeals to Indian travellers for its blend of cultural depth and futuristic innovations which mirror evolving Indian preferences, said SD Nandakumar, president and country head for holidays and corporate tours at SOTC Travel.

Continue reading at Economic Times

2h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:31AM IST The Indian government is shaking up the pharmaceutical sector by slashing the review period for manufacturing applications for new drugs to 45 days. Now, manufacturers can initiate clinical trials or bioequivalence studies with just a prior notification to the regulators, ditching the old requirement for express permission.

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2h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:27AM IST Following massive disruptions, DGCA reduced IndiGo's winter schedule by 10%, which meant the airline had stopped operating services in various slots

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2h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:18AM IST Global spending on nature protection lags far behind nature destruction. While $220 billion was spent to protect nature in 2023, $7.3 trillion was spent on its destruction. The private sector drives this harmful spending. To meet global commitments, investments in nature-based solutions must triple by 2030.

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2h

INDIA NEWS | Fri, 23 Jan 2026, 12:07AM IST Mumbai: The Bombay High Court has granted an interim stay on a 57.29 crore GST demand plus penalty sought from Himesh Foods, the company that runs the Mad Over Donuts chain in India.The Directorate General of Goods and Services Tax Intelligence (DGGI), in a show-cause notice, held that over-the-counter sale of donuts could not be treated as a restaurant service and so would face 18% GST, not 5% that the company was paying.Himesh Foods challenged the show-cause notice before the high court. Meanwhile, the GST Appellate Authority in 2025 upheld the 57.29 crore demand and imposed a penalty on the company. Himesh Foods challenged that as well. Referring to an earlier order granting interim protection in similar proceedings, a division bench of Justice GS Kulkarni and Aarti Sathe held that parity warranted similar relief in this case. Accordingly, the court stayed the operation of the adjudication order and listed the matter for final hearing on Feb 26. Appearing for the petitioner, advocate Abhishek A Rastogi submitted that GST Council's consistent endeavour has been to bring certainty and rate rationalisation under the tax regime. He pointed out that even in recent GST Council deliberations, issue of restaurant taxation was addressed to reduce ambiguity.

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3h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:07AM IST The Directorate General of Goods and Services Tax Intelligence (DGGI), in a show-cause notice, held that over-the-counter sale of donuts could not be treated as a restaurant service and so would face 18% GST, not 5% that the company was paying.

Continue reading at Economic Times

3h

INDIA BUSINESS | Fri, 23 Jan 2026, 12:03AM IST Indian Oil Corporation is set to invest approximately one lakh crore rupees. The company aims to acquire and build 18 gigawatts of green energy capacity by the year 2030. Its renewable energy subsidiary, Terra Clean Ltd, is slated for a public listing by 2027-28.

Continue reading at Economic Times

3h

INDIA MARKET | Fri, 23 Jan 2026, 12:00AM IST SpaceX's preparations come as markets brace for potential mega US listings by AI giants OpenAI and Anthropic

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3h

INDIA BUSINESS | Thu, 22 Jan 2026, 11:56PM IST India's power transmission network has reached a significant milestone, exceeding five lakh circuit kilometres and 1,407 GVA transformation capacity. A new 765 kV line in Rajasthan has been commissioned, boosting renewable energy evacuation. Transmission lines and transformation capacity have seen substantial growth since 2014. Future projects will further strengthen the grid and support the nation's renewable energy goals.

Continue reading at Economic Times

3h

INDIA BUSINESS | Thu, 22 Jan 2026, 11:42PM IST ixigo (Le Travenues Technology Limited) on Thursday reported 54.11 per cent rise in consolidated net profit for December quarter at Rs 23.95 crore, driven by higher revenue from operations including flight, train, and bus ticketing services. The travel booking platform had logged a net profit of Rs 15.54 crore during the year-ago period, a regulatory filing said. During the quarter under review, ixigo's revenue from operations increased to Rs 317.56 crore from Rs 241.76 crore a year ago. Total expenses also rose to Rs 295.85 crore from Rs 223.67 crore. The gross transaction value (GTV) for ixigo's bus booking vertical grew over 36 per cent year-on-year in December quarter, whereas the flights vertical recorded GTV growth of more than 22 per cent despite industry-wide disruptions witnessed in December. "Our Q3 performance demonstrates our continued ability to outpace the market's growth with improving profitability. We are at a juncture in history where we will be judged not by our

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3h

INDIA NEWS | Thu, 22 Jan 2026, 11:24PM IST According to the Power Ministry, Indias transmission network has grown by 71.6% since April 2014.

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3h

INDIA BUSINESS | Thu, 22 Jan 2026, 11:20PM IST Bastar region will soon have its first super specialty hospital. Located in Jagdalpur, the facility opens in February. Hyderabad-based Continental Hospitals partners with the Chhattisgarh government. This 240-bedded hospital will offer advanced medical services.

Continue reading at Economic Times

3h

INDIA BUSINESS | Thu, 22 Jan 2026, 11:17PM IST RPSG Group to invest 10,500 crore in Karnataka's Vijayapura and Ballari districts over three years, boosting the state's renewable energy ecosystem

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3h
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