BUSINESS
Bulk deals: Shankar Sharma offloads 0.61% stake in Rama Steel Tubes; picks up 0.52% stake in Valiant Communications
Additionally, The Massachusetts Institute of Technology sold 1.17 crore shares (2.02 percent stake) of Restaurant Brands Asia at an average price of Rs 63.31 per share.
BUSINESS
FII/FPIs net sell shares worth Rs 1788 crore, DIIs net buy Rs 4520 crore on January 21
For the year so far, FIIs have been net sellers of shares worth Rs 21,702 crore, while DIIs have net bought shares worth Rs 30,140 crore.
BUSINESS
Davos 2026: DK Shivakumar invites global investors to Bengaluru; Karnataka holds talks on data centres, AI, manufacturing
Karnataka held talks with global and Indian firms on data centres, AI and manufacturing, exploring investment and expansion opportunities on the sidelines of WEF Davos.
PODCAST
Deepinder Goyal checks out of Eternal; Google, Meta leaders say focus on AI app layer and TCS’s newest tenants: OpenAI and AWS? | MC Tech3
In today’s Tech3 from Moneycontrol, we track a surprise leadership change at Eternal as Deepinder Goyal steps down and Blinkit CEO Albinder Dhindsa prepares to take charge, even as the company reports strong financials. We also bring you key takeaways from Davos on why India should focus on applied AI, insights from Meta and Google DeepMind on the country’s AI future, TCS’s ambitious data centre plans targeting hyperscalers, and Apple’s steady move towards launching Apple Pay in India.
INDIA
Hical Technologies launches corporate commute solution with Tummoc under STAMP initiative
Backed by Toyota Mobility Foundation and WRI India, pilot aims to push metro and bus usage among corporate employees in Bengaluru
BUSINESS
Mistral AI in talks to set up Bengaluru GCC, eyes phased engineering-to-research expansion
Mistral’s rivals are also moving into India. Anthropic plans to open a Bengaluru office in early 2026, while OpenAI has said it will set up its first India office in New Delhi.
BUSINESS
WEF 2026: Donald Trump repeatedly mistakes Greenland for Iceland in Davos speech
US President Donald Trump delivers World Economic Forum 2026 address at Davos amid acquisition push for Greenland, confuses target territory at least four times
WORLD
When America booms, the entire world booms: Donald Trump’s top quotes from Davos speech
Donald Trump struck a characteristically blunt tone. “It was great to be back in beautiful Davos Switzerland and to address so many respected business leaders, so many friends, a few enemies,” he said,
BUSINESS
Milkfood sells Moradabad dairy plant for Rs 130 crore, pares debt in balance-sheet reset
The sale has generated a net profit of Rs 78.04 crore on land, underscoring the value of industrial real estate assets in the region. The company reported no loss on the sale of plant and machinery and recorded a profit of Rs 7.54 crore on buildings.
INDIA
Bengaluru second most congested city globally in 2025 after Mexico City: TomTom report
Bengaluru’s average commuting speed stood at 16.6kmph in 2025, with commuters covering an average distance of 4.2km per trip.
INDIA
Chandigarh mayoral elections: Show-of-hands voting changes the game as AAP-Congress to take on BJP together
It will be the first time in the city’s history that the mayor will be elected through an open “show of hands” rather than a secret ballot
BUSINESS
RBI net sold $9.71 billion in November amid heightened volatility in Indian rupee
In November, the Indian rupee remained in the range of 88.56-89.45 against the US dollar.
BUSINESS
Live: Davos 2026 Day 3 Highlights | AI, India Deals & Global CEO Voices
Live highlights from Davos 2026 Day 3: Global leaders unite as Macron responds to Trump’s Greenland ambition, top Indian CEOs share insights on AI, industry, and growth. Featuring Rajiv Memani (EY India), Shashwat Goenka (RPSG), Yezdi Nagporewalla (KPMG India), Parth Jindal (JSW Cement, MG Motor). Plus Ericsson job cuts, telecom tariffs, industrial AI, data center boom, and India’s future role.
BUSINESS
India’s growth momentum stays resilient as December indicators signal sustained buoyancy, says RBI Bulletin
The Indian economy has demonstrated marked resilience amidst global uncertainties, with real GDP growth estimated at 7.4 percent in 2025-26, up from 6.5 percent a year ago, RBI said in a bulletin.
WORLD
Trump 1.0 Vs Trump 2.0: How US stocks behaved in the first year of each presidency
Trump’s first year then and now: What changed for the S&P 500, Dow and Nasdaq
INDIA
41 Gujarat vehicles get fitness certificates in Karnataka without inspection; toll plaza data exposes fraud, RTO official suspended
The action comes after a letter from Gujarat transport department flagging irregularities detected through Vehicle e-detection portal
INDIA
Who is Simran Bala? 26-year-old woman officer set to lead all-male CRPF contingent on Republic Day
Simran Bala will lead a contingent of over 140 male personnel in the ceremonial march, marking a rare and powerful milestone for the country’s largest paramilitary force and for women in uniform nationwide
BUSINESS
MTF boom could have hidden risks for brokers despite SEBI safeguards: Zerodha's Nithin Kamath
While SEBI has capped MTF exposure at 50% of a broker’s net worth plus borrowings or up to five times net worth to prevent broker defaults, Kamath said these safeguards mainly protect the system from broker failures, not from widespread client defaults.
INDIA
Karnataka’s AI-based attendance system now tracks 1.3 lakh government employees
Kartavya, state’s in-house AI-driven attendance platform developed by Centre for e-Governance, is being rolled out across departments to replace biometric devices
BUSINESS
Eternal remains my life's work, says Deepinder Goyal after resigning as CEO; here's full text of his letter to shareholders
Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal, says Goyal
INDIA
New twist in Air India 787 crash: US safety group claims jet had history of technical failures
US aviation safety campaigners say an Air India Boeing 787 that crashed near Ahmedabad had earlier technical failures.
BUSINESS
Deepinder Goyal resigns as CEO of Eternal with effect from February 1, 2026; Albinder Dhindsa to replace him
Moneycontrol has reported in the past Goyal has been spending more time raising funds for his other ventures, such as Temple and also leading rounds in space tech company Pixxel and more.
BUSINESS
Eternal net profit rises 73% to Rs 102 crore in December quarter, revenue up over 200%
The company's revenue from operations jumped 202 percent to Rs 16,315 crore in the third quarter of the current fiscal.
INDIA
Hindutva leader Harshita Thakur, six others booked over provocative gesture against Ansari dargah in Belagavi
The incident took place as the procession of Akhanda Hindu Samavesha was heading towards Machhe in Belagavi on January 18 evening
