INDIA
Former Union minister Suresh Kalmadi passes away at 81 after prolonged illness
Kalmadi, who served as Union Minister of State for Railways and was a former president of the Indian Olympic Association (IOA), breathed his last around 3.30 am, news agency PTI said quoting sources.
INDIA
Poor air quality, dense fog hit Delhi; flights operate under CAT III conditions
The AQI around the airport was recorded at 180, placing it in the “moderate” category, while pollution levels were higher in other parts of the city. At ITO, the AQI was 281, classified as “poor”.
BUSINESS
Reliance rejects claims of Russian oil cargoes coming to Jamnagar refinery: 'Blatantly untrue'
RIL reiterated that it has not received any shipments of Russian oil in the last three weeks and is 'not expecting any Russian crude oil deliveries in January.'
INDIA
NGT flags illegal construction, tree felling at Shahjahan Park near Taj Mahal, seeks reply from Agra Development Authority
The issue was raised by resident Jagan Prasad Tehriya, who claimed that kiosks, paved paths, and brick-concrete structures were being built, threatening century-old trees and local wildlife.
INDIA
FIIs offload IT, FMCG, power stocks in 2025; add positions in telecom, oil & gas, services
The IT sector saw the heaviest withdrawals, with foreign investors selling more than 45 percent of the total outflows during the year
BUDGET
Budget 2026 Expectations: Will Nirmala Sitharaman increase basic exemption, 80C limit in old tax regime? All eyes on Feb 1
There is a strong push to raise the Section 80C deduction limit from Rs 1.5 lakh to Rs 2 lakh, a move that would ease the burden of expenses related to savings, insurance premiums and children's education
BUSINESS
Even Healthcare raises $20 million from existing investors to scale managed-care hospitals in Bengaluru
The funding comes as the healthtech startup reports operating break-even at its first hospital within six months of launch and a sharp improvement in clinical outcomes under its managed-care model.
PODCAST
Venezuela crisis, how much gig workers earn & what’s outpacing Google Search | Moneycontrol Editor's Picks
In this edition of Moneycontrol Editor’s Picks our reporters decode the Venezuelan crisis. From India’s low exposure to Venezuelan crude to the shift to power-based hierarchies and India’s place in such a world, find all the coverage you need on this crucial unfolding geopolitical event. In other news, large taxpayers may soon move to fully automated tax filing, is Madhya Pradesh’s performance on water quality really spotless, and find out how Google search is being edged out by AI competitors. We also work out how much gig workers really earn and more, so tune in!
INDIA
Nita Ambani hosts ‘United in Triumph’ event to honour India’s three World Cup-winning teams in Mumbai
Nita Ambani hosted ‘United in Triumph’ in Mumbai to honour India’s men’s, women’s and blind women’s World Cup-winning cricket teams.
WORLD
Wall Street shrugs off Venezuela shock as Dow hits record; energy stocks surge
US stocks rose as investors shrugged off the Venezuela action, lifting the Dow to a record. Energy shares led on hopes of oil infrastructure rebuilding.
BUSINESS
Stocks to Watch Today: Kotak Mahindra Bank, IndusInd Bank, Trent, Dabur, Waaree Energies, NBCC, KSH International in focus on 6 January
Stocks to Watch, 6 January: Stocks like KSH International, Kotak Mahindra Bank, L&T Finance, IndusInd Bank, Axis Bank, Utkarsh Small Finance Bank, Trent, AWL Agri Business, MOIL, Dabur India, and Allcargo Terminals will be in focus on January 6.
INDIA
‘Look in the mirror’: Fadnavis snaps back at Ajit Pawar as Pune civic polls expose Mahayuti cracks
Devendra Fadnavis hits back at Ajit Pawar over Pune development claims, outlining ongoing works and a Rs 44,000 crore infrastructure roadmap.
INDIA
Infosys land sale: Karnataka revenue minister says Bengaluru DC to probe; sub-registrar suspended
Infosys says the transaction was carried out in compliance with all regulations and that the land was not government-allotted.
STARTUP
Unacademy puts ESOP amendments on hold after backlash from former employees
The decision comes amid valuation markdown concerns and ongoing acquisition talks with upGrad.
BUSINESS
Laroia Mona picks 0.5% stake in Mirc Electronics, Generational Capital buys 0.62% shares in KV Toys
Consumer electronics maker Mirc Electronics shares were locked in 10 percent upper circuit at Rs 31.71 amid large volumes on the NSE, extending uptrend for another session.
PODCAST
Decoding Zomato and Swiggy delivery partners earnings, why more ad dollars are flowing to chatbots and more | MC Tech3
On this episode of Tech 3 Podcast, we break down earnings of delivery partners at platforms such as Zomato and Swiggy, discuss why more ad dollars are flowing to AI chatbots like Gemini, ChatGPT, Perplexity, list the key asks of space tech startups ahead of the Union Budget and tell you why Q3 is going to be a muted quarter for Indian IT firms. Listen in:
BUSINESS
FII/FPIs net sell Indian equities worth Rs 36 crore while DIIs net bought Rs 1,764 crore
The past year saw FII/FPIs remain as net sellers, offloading Indian equities worth Rs 2.92 lakh crore. On the other hand, DIIs added strength to the market with their buying spree reaching Rs 7.85 lakh crore for the year so far.
STARTUP
Cars24 acquires CarInfo to expand into vehicle information and ownership management
The acquisition brings a widely used compliance and vehicle-management product into Cars24’s fold, strengthening its bid to build an end-to-end automotive platform.
INDIA
TVK open to alliances only if Vijay is CM face, signals shift in Tamil Nadu poll strategy
The declaration has been read both as an assertion of the party’s ambitions and as a message to potential allies, including the Bharatiya Janata Party (BJP), amid talk of backchannel discussions.
BANKING
RBI Governor Sanjay Malhotra chairs first Payments Regulatory Board meeting
The Payments Regulatory Board reviewed the current focus areas, covering domestic and global payment systems. The meeting also reviewed the functions of the Department of Payment and Settlement Systems.
BUSINESS
Gabion Technologies IPO to hit Dalal Street on January 6, shares attract over 30% GMP
Gabion Technologies IPO | The company is raising Rs 29.16 crore via maiden public issue of 36 lakh shares at the upper price band.
INDIA
Andhra CM Naidu calls for unity among Telugu-speaking people: 'No language greater or lesser than another'
Speaking at the three-day event celebrating the Telugu language, Naidu said political differences should not translate into animosity between the two states (Andhra and Telangana).
INDIA
Supreme Court asks Centre to decide on EPF wage ceiling revision within four months
The court noted that the ceiling, which determines eligibility for coverage under the EPFO, has remained unchanged for over a decade.
INDIA
Video | Scuffle erupts in Karnataka's Bidar as BJP MLA, Congress MLC clash during meeting
The heated exchange, described by those present, unfolded in full view of District In-charge Minister Eshwara Khandre.
