Category: Business

Business

Congress raises fiscal federalism, inequality concerns ahead of Budget

January 12, 2026 admin

Congress leader Jairam Ramesh says States would be watching the Budget closely for signals on how the Centre intends to address issues like the approach to fiscal devolution. File | Photo Credit: The Hindu Ahead of the Union Budget for 2026-27 and the forthcoming Parliament session, the Congress on Monday (January 12, 2026) flagged concerns…

Business

TCS Q3 profit drops 14% to ₹10,657 crore

January 12, 2026 admin

Representative image | Photo Credit: Reuters The country’s largest IT services company, TCS, on Monday (January 12, 2025) reported 13.91% decline in December quarter net profit at ₹10,657 crore. The Tata Group company reported a net profit of ₹12,380 crore for the October-December period of FY25 and ₹12,075 crore for the preceding September quarter. Revenue…

Business

Market benchmarks snap five-day losing run; Sensex gains 300 points

January 12, 2026 admin

Equity benchmark indices Sensex and Nifty found firmer ground on Monday (January 12, 2026) after facing a massive drubbing in the past five trading sessions, propelled by bargain hunting in energy, banking and metal stocks. However, escalating geopolitical tensions and unrelenting foreign fund outflows capped the sharp gains, traders said. The 30-share BSE Sensex climbed…

Business

Retail inflation rises to 1.33% in December 2025, still lower than RBI’s lower comfort level

January 12, 2026 admin

The housing sector saw inflation easing to 2.86% in December 2025 from 2.95% in the previous month. Image used for representation purpose only. | Photo Credit: The Hindu Retail inflation quickened to a three-month high of 1.33% in December 2025, which is still significantly lower than the Reserve Bank of India’s lower comfort level of…

Business

Budget 2026: Education experts urge government to prioritise quality, infrastructure

January 12, 2026 admin

Children reading. File | Photo Credit: The Hindu As the Union Budget 2026 approaches, education experts have urged the government to shift focus from expanding enrolment to improving quality, infrastructure and future-ready skills, citing India’s young population and growing higher education system. India has the world’s second-largest education system, with nearly 40% of its population…

Business

Rupee pares early losses, ends 2 paise higher at 90.16 against U.S. dollar

January 12, 2026 admin

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee recovered from low levels and settled 2 paise higher at 90.16 (provisional) against the U.S. dollar on Monday (January 12, 2026) on weak American currency and sliding crude oil prices. Equity market sentiment also improved after the new U.S. envoy to India,…

Business

Maruti Suzuki board approves land acquisition for ₹35,000 crore second plant in Gujarat

January 12, 2026 admin

Board of Maruti Suzuki India Ltd. has approved ₹4,960 crore towards cost of land acquisition, development and preparatory activities, the company said in a regulatory filing. File | Photo Credit: Reuters Board of Maruti Suzuki India Ltd. (MSIL) on Monday (January 12, 2026) granted approval to acquire land for expansion of production capacity at Khoraj Industrial Estate in Sanand from Gujarat Industrial Development Corporation. This will be…

Business

Realty sector seeks revision of affordable housing price cap ahead of Budget 2026

January 12, 2026 admin

Image used for representational purposes. File | Photo Credit: The Hindu Ahead of the Union Budget 2026, the real estate fraternity has appealed to the Union Government for significant policy interventions to rejuvenate housing demand and address the challenges of stalled projects. Industry bodies have highlighted that escalating land acquisition costs and construction overheads have…

Business

Gold, silver futures hit fresh records on Federal probe, geopolitical tensions

January 12, 2026 admin

Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Gold and silver futures surged to fresh peaks in domestic and international markets on Monday (January 12, 2026), after investors flocked towards safe-haven assets amid rising geopolitical tensions, as well as the U.S. Federal Reserve and its chair facing a probe. Federal Reserve Chair…

Business

OpenAI, SoftBank invest $1 billion in SB Energy as Stargate buildout expands

January 12, 2026 admin

OpenAI, SoftBank invest billion in SB Energy as Stargate buildout expands

SB Energy will also become a customer of OpenAI, using its APIs and deploying ChatGPT for employees [File] | Photo Credit: REUTERS OpenAI and SoftBank Group will invest $500 million each ‍in SB Energy to expand data centre and power infrastructure for their Stargate initiative, SB Energy said ‌on Friday. SB Energy, a SoftBank-owned company,…

Business