Mumbai civic life, transport, business, culture and sport.
Real estate major DLF reported a rise in net profit in Q3 FY26, supported by stronger cash flows that helped it eliminate debt, even as sales bookings stayed subdued due to fewer launches. The quarter underscores the sector’s dependence on project pipeline timing while highlighting the balance-sheet advantage of large, established developers.
Indian equity benchmarks have slipped more than 4% so far in January 2026, pressured by foreign portfolio investor selling, a softer rupee, muted earnings and global uncertainty. Investors are also watching Budget season for signals that could stabilise sentiment.
Ahead of Budget 2026, Deloitte has urged the government to address tax and compliance frictions at IFSC GIFT City, arguing that parity in treatment and clearer rules could attract more global financial players and deepen India’s offshore financial hub ambitions.
A report said India could see another record year for IPO fundraising in 2026, with a potential listing of Reliance Jio Infocomm as a marquee deal. Market optimism is being tempered by valuation concerns and global uncertainties, even as domestic participation remains a strong tailwind.
BSE and NSE are closed on 26 January 2026 for Republic Day across segments including equities and derivatives, with trading scheduled to resume on the next working day.
India’s foreign exchange reserves rose sharply to $701.36 billion for the week ended 16 January 2026, an increase of $14.17 billion, according to RBI data reported by The Economic Times. Foreign currency assets and gold holdings both contributed to the gain, adding to the central bank’s buffer amid currency volatility and global risk sentiment.
Indian equities have slid more than 4% in January 2026, with reports pointing to sustained foreign portfolio investor selling, a weaker rupee, muted earnings and heightened global uncertainty. The move reflects a broader risk-off mood and sensitivity to external shocks.
India’s private space industry is urging the government to expand public procurement of space products and services and to recognise space assets as critical infrastructure, steps it says could improve financing access and accelerate scaling in a fast-growing sector.
India and the European Union have concluded negotiations on a comprehensive Free Trade Agreement after almost 20 years, according to Commerce Secretary Rajesh Agrawal. The pact is undergoing legal review and is expected to be formally signed later in 2026, with tariff cuts and sectoral openings aimed at boosting trade and investment.
As Budget 2026-27 approaches, stakeholders are pressing for measures that deepen digital payments adoption, strengthen cybersecurity and build resilient financial infrastructure. Executives also want policy support for new credit assessment models that use transaction and cash-flow data to widen access responsibly.
India is reportedly preparing a major opening of its auto market by reducing import tariffs on a limited number of European cars to 40% from as high as 110%, as India and the EU close in on a free trade pact. Further phased cuts and EV carve-outs are also being discussed.
The rupee’s drop to a record 92 per US dollar is tightening household budgets by raising the cost of imported fuel, electronics and commodities. While exporters may earn more rupees per dollar, sectors dependent on imported inputs could see the advantage diluted, analysts say.