Business

Ashwini Vaishnaw meets IBM and Meta Chiefs at Davos

Union Minister for Electronics and Information Technology Ashwini Vaishnaw met with IBM CEO Arvind Krishna and Meta Chief Global Affairs Officer Joel Kaplan at the World Economic Forum in Davos to discuss India's growing role in the global technology landscape.

2026-01-21T08:44:16.578752+00:00 IST

Cabinet approves equity support for SIDBI to boost MSME credit

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a significant equity support of Rs. 5,000 crore for the Small Industries Development Bank of India (SIDBI). This capital will be infused by the Department of Financial Services in three separate stages, starting with Rs. 3,000 crore in the 2025-26 financial year, followed by Rs. 1,000 crore in each of the next two years. This move is designed to strengthen SIDBI's financial standing and ensure it can continue to support small businesses across the country.

2026-01-21T08:31:40.781775+00:00 IST

Finance Ministry highlights basic custom duty rates on Interactiv

Before the new Budget for the country is announced on Feb 1, the Ministry of Finance took to X to highlight the prior customs duty rates announced. During the previous Budget sessions, in a decisive move to solidify India's position as a global electronics hub and to promote domestic manufacturing of electronic goods, the Union Finance Ministry announced the increase of Basic Customs Duty (BCD) on flat panel displays to 20 per cent. The move was aimed at correcting the inverted duty structure on the goods.

2026-01-21T08:29:36.413132+00:00 IST

Japan’s rising bond yields driven by political change

Japan's bond markets surged to new highs due to rising expectations of fiscal stimulus under the country's new political leadership and shifting global market dynamics triggered by tariff policies of US President Donald Trump, banking and market expert Ajay Bagga said in an exclusive conversation with ANI.

2026-01-21T08:21:11.980985+00:00 IST

At Davos, Ashwini Vaishnaw pushes back after IMF Chief calls India 'Second-Tier AI Power'

Union Minister for Electronics and IT Ashwini Vaishnaw on Wednesday challenged the International Monetary Fund's (IMF) classification of India's artificial intelligence capabilities, asserting that the nation belongs in the top tier of global AI powers. Speaking at a World Economic Forum (WEF) panel in Davos, Vaishnaw countered IMF Managing Director Kristalina Georgieva's assessment that categorised India in a secondary grouping.

2026-01-21T08:13:18.475624+00:00 IST

FM to refrain further fiscal consolidation in Budget 2026

The Finance Minister, in the upcoming Union Budget 2026, is likely to refrain from further fiscal consolidation in FY27, according to a report by Nuvama.

2026-01-21T07:23:58.102892+00:00 IST

Geopolitical risks could hit markets if tensions escalate: Report

The report titled "Geopolitics heats up from Venezuela, to Greenland to Iran, but investors shrug. For how long?" discusses how geopolitical tensions worldwide can impact markets.

2026-01-21T07:09:43.452741+00:00 IST

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Business

HRC prices rise on seasonal demand; Coking coal surges

Seasonal demand and improved inventory drawdown have pushed Indian Hot Rolled Coil (HRC) prices upward, even as exports remain muted in the international market. According to the latest sector update from IDBI Capital, domestic HRC prices increased by 2.4 per cent Week-on-Week (WoW) to reach Rs 52,000 per tonne. This trend in the ferrous segment comes at a time when coking coal prices have experienced a significant double-digit spike due to environmental factors affecting global supply chains.

2026-01-21T06:54:20.190830+00:00 IST

Business

As World Cup Fever Peaks, BharatPe’s Latest Move Has Everyone

Brands are sharpening their marketing strategies as the global sporting calendar marks two major World Cups this year. While the FIFA World Cup is slated for July, closer home the T20 World Cup happening in February, is already triggering heightened activity among advertisers eager to tap into the high-engagement environment that cricket delivers in India.

2026-01-21T05:58:00.957551+00:00 IST

Business

Banking sector outlook remains positive, earnings to grow

The outlook for the banking sector remains positive, with earnings expected to recover steadily over the medium term, supported by stable margins, improving asset quality and a pickup in loan growth, according to a report by Motilal Oswal Financial Services.

2026-01-21T05:25:11.534992+00:00 IST

Business

India-EU FTA may face hurdles from non-tariff barriers like CBAM

While India and the European Union move closer to finalising a long-pending Free Trade Agreement (FTA), concerns remain for India on non-tariff barriers, particularly the upcoming Carbon Border Adjustment Mechanism (CBAM), highlighted Jefferies in its latest report on the India-EU trade deal.

2026-01-21T04:49:21.243946+00:00 IST

Business

Bond market volatility drags stocks; Nifty, Sensex down

The domestic stock markets continued their weak trend on Wednesday, with benchmark indices opening in the red amid subdued global cues and rising risk aversion.

2026-01-21T04:14:39.969118+00:00 IST

Business

‘Globalisation is a failed policy’: US Commerce Secy at Davos

US Commerce Secretary Howard Lutnick said that globalisation is a failed policy and has failed the West and the United States, asserting that the Trump Administration is very clear that the existing global economic model has left American workers behind.

2026-01-21T03:08:46.340139+00:00 IST

Business

Financial sector seeks capital easing, credit push and stability

As the Union Budget 2026 approaches, stakeholders across the financial sector have called on the government to focus on strengthening the financial system through policy measures that ease capital constraints, promote responsible credit expansion and deepen financial inclusion.

2026-01-21T02:28:44.526379+00:00 IST

Business

GST reform saw huge benefit for consumers," Toyota Kirloskar

Vikram Gulati gave a thumbs up to the emerging Electric Vehicle market, saying that the segment will see good growth.

2026-01-21T02:10:26.207062+00:00 IST

Business

Raigad Pen Growth Centre will host GCCs, FinTech: Fadnavis

Noting that a lot of investment is coming to Maharashtra in diverse sectors Chief Minister Devendra Fadnavis has said that state is not just looking at the amount of MoUs but at sectors and how knowledge is transferred, technologies are transferred and FDI comes.

2026-01-20T21:16:01.961908+00:00 IST

Business

Unilever to explore setting up GCC in Hyderabad

The Global Fast-Moving Consumer Goods major, Unilever, is set to explore the possibilities of setting up of a Global Capability Centre (GCC) in Hyderabad.

2026-01-20T18:16:05.176813+00:00 IST

Business

Global industry sees India as reliable...: Vaishnaw in Davos

"Bharat is building a complete semiconductor ecosystem covering design, fabrication, packaging, materials, gases and equipment," Vaishnaw posted on X.

2026-01-20T17:15:56.106063+00:00 IST

Business

India’s growth, stable crude prices favourable for consumers:IOCL

"India is growing at a phenomenal rate, and everybody is interested in talking about doing business with India," he said on the sidelines of the World Economic Forum (WEF) in Davos.

2026-01-20T16:28:54.671429+00:00 IST

Business

Maharashtra CM Devendra Fadnavis meets Ajay Banga

Taking it social media platform X, Fadnavis said, "Our discussion focused on strategies to unlock the potential of a green industrial corridor in Maharashtra to attract global investment, along with initiatives to digitise MSMEs to enhance competitiveness and drive export growth." "Our continued collaboration will support Maharashtra's sustained growth and development through strategic and impactful initiatives," he added. Notably, at the WEF, the Mumbai Metropolitan Region Development Authority (MMRDA) achieved a historic milestone securing investment commitments worth USD 96 billion (Rs 8.73 lakh crore) on the very first day through the signing of 10 major Memoranda of Understanding (MoUs).

2026-01-20T16:17:58.911546+00:00 IST

Business

Lulu Group to invest more in Uttar Pradesh: Chairman Yusuf Ali

Lulu Group International will make more investments in Uttar Pradesh and has also committed to bringing more investment from other countries to the state, Group Chairman Yusuf Ali said on Tuesday.

2026-01-20T15:46:48.257506+00:00 IST