BUSINESS
Essar Group's Prashant Ruia sees lower battery prices boosting green plans
India is aiming to reach 500 gigawatts of clean power capacity by 2030 and affordable storage solutions for intermittent sources like solar and wind are crucial in a country that still gets nearly three-quarters of its electricity from coal.
BUSINESS
RBI’s dollar sales may net Modi government bumper dividend again
The likely bonanza comes at a crucial time as the government is trying to revive an economy weighed down by weak consumption, anemic private sector investments and moderating tax revenues.
BUSINESS
PM Modi mulls lower tariffs, more imports to counter Trump’s threats
Indian officials are also considering a limited trade deal with the US under one of its scenarios, people familiar with the matter said. New Delhi had tried unsuccessfully to implement this during the first Trump administration.
BUSINESS
India's structural slowdown makes it a sell, UBS's Manik Narain says
Narain says the moderation in India’s earnings growth is spreading to defensive parts of the economy — such as the consumer-staples sector — showing that temporary factors such as government capital expenditure are not the only reasons behind the slowdown.
BUSINESS
Trump open to Elon Musk or Oracle's Larry Ellison purchasing TikTok
China’s foreign and commerce ministries didn’t immediately respond to requests for comment on whether Beijing would allow the American government to own part of TikTok.
BUSINESS
Asian stocks rise on Trump’s AI investment plans
SoftBank Group’s shares rose more than 9% after Trump named the company as a participant in the ‘Stargate’ AI joint venture.
WORLD
China vows to import more goods after avoiding early US tariffs
Ding’s comments came shortly after Trump avoided committing to a plan for Chinese tariffs following his inauguration on Monday
WORLD
Bangladesh eyes deeper ties with China as India relations suffer
In an effort to build closer ties with Beijing, Bangladesh’s Foreign Adviser Touhid Hossain is on a state visit to China this week.
INDIA
India set to take back 18,000 citizens from US to placate Trump
In return for its cooperation, India hopes that the Trump administration would protect legal immigration channels used by its citizens to enter the US, in particular the student visas and the H-1B program for skilled workers.
AUTOMOBILE
Mahindra CEO Anish Shah says EVs to form 30% of product portfolio by 2030
Shah’s comments come as the world’s most-populous nation is framing policies to woo global investors in the EV sector
WORLD
OpenAI CFO says Musk shouldn’t use legal challenges to compete
CFO Sarah Friar is helping the artificial intelligence company line up funding and create new revenue streams. She said the company would likely have to continue to fundraise, but weighed the pros and cons of a public listing.
WORLD
Chinese stocks rise as Trump holds off on day-one tariffs
Chinese stocks advanced as the US president fell short of announcing immediate action against the Asian rival, even as he threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1.
BUSINESS
Trump orders end to ‘electric vehicle mandate,’ subsidies
Although automakers have options for complying with pollution limits, they’re currently expected to meet them by selling more lower-emission plug-in hybrids and zero-emission EVs, while also scaling back sales of internal combustion engine models.
WORLD
Dollar advances as Trump eyes more Canada, Mexico tariffs
The dollar’s surge underscores just how jittery traders are on any news around duties and their impact across the global economy.
WORLD
Tariff relief lifts S&P Futures as Donald Trump sworn in as US President
Trump was sworn in as president, and promised to sign a series of executive orders the same day
BUSINESS
Bitcoin tops all-time high and dollar weakens ahead of Trump inauguration
Trump is expected to unleash a barrage of executive orders on his first day in office, including decrees on immigration, tariffs and energy
WORLD
Emboldened Donald Trump returns with new allies, clear goals
Trump won his second term by building a new coalition that includes White working-class voters, Blacks and Hispanics, and young men of all races and ethnicities
BUSINESS
Greenko founders to raise $800 million to buy Orix stake
AM Green Power BV, which has ties to Greenko’s founders, plans to raise an $800 million loan to acquire the stake from Japanese financial group Orix Corp
BUSINESS
Microsoft CEO-backed Groww picks bankers for IPO at up to $8 billion valuation
The company behind financial services platform Groww Invest Tech could proceed with an IPO this year, the people said, seizing on the momentum for share sales in India.
BUSINESS
Bitcoin rises to fresh record ahead of Trump inauguration in US
The token’s rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump’s rapidly reaching a market capitalization of more than $15 billion before declining sharply.
BUSINESS
Nuclear power startup wants to harness India’s untapped deposits
US-based Clean Core Thorium Energy, or CCTE, is seeking approvals for its fuel technology, which pairs the radioactive metal with enriched uranium and can be used in India’s locally-made reactors, Chief Executive Officer Mehul Shah said in an interview.
BUSINESS
Asian stocks advance as Trump and Xi discuss trade
Trump and Xi discussed trade, TikTok and fentanyl, which may set the tone for relations in the early days of the new administration.
MARKETS
Trump’s win sparked euphoria in markets, now comes the real test
Tariffs are the biggest risk, sparking fears that the administration’s plans could lead to more prolonged and unpredictable trade wars than during his first presidency
WORLD
Kantar plans to sell media business to H.I.G. for $1 billion
According to the statement, the transaction will be primarily in cash, along with certain non-cash consideration.
