Maduro capture puts spotlight on Maha’s Venezuela oil project
Business | Updated: Jan 06, 2026
- Maha Capital seeks partners for Venezuelan oil project as investor interest grows.
- PetroUrdaneta could boost output from 2,000 to 40,000 barrels a day by 2030
- Maha awaits US OFAC approval and may secure a minority stake from Novonor
Nvidia targets robotaxi launch by 2027, signalling push beyond AI chips
Business | Updated: Jan 06, 2026
- Nvidia plans to test a Level 4 robotaxi service with a partner by 2027
- Service to launch with limited availability; partner and city undisclosed
- Nvidia aims to expand beyond AI chips into autonomous vehicles and robotics
Oil shock or no? Arvind Subramanian plays down Venezuela strike impact as Trump eyes oil exports
Business | Updated: Jan 06, 2026
- Arvind Subramanian says US strikes on Venezuela unlikely to impact oil market
- Dilip Sinha calls US action in Venezuela a violation of international law
- Maduro faces charges in US after being detained and transferred from Venezuela
India may rethink how it measures growth, as shift from GDP to NDP comes under consideration
Business | Updated: Jan 05, 2026
- India may shift from GDP to NDP as main economic growth measure
- NDP accounts for depreciation, offering a clearer view of actual income
- Any switch to NDP likely after 2029, with new GDP series due in 2026
Bitcoin scam: PMLA court takes cognizance of ED chargesheet against Shilpa Shetty's husband Raj Kundra; issues summons
Business | Updated: Jan 05, 2026
- PMLA court summons Raj Kundra in Bitcoin scam case after ED files chargesheet
- Kundra allegedly got 285 Bitcoins worth over Rs 150 crore from scam mastermind.
- Kundra and Dubai-based Rajesh Satija must appear before court on January 19
Further tariff hike by US on Indian goods may hit exports, spur diversification: Experts
Business | Updated: Jan 05, 2026
- US tariff hikes may worsen Indian exports, already down 20.7% since May.
- Experts say higher tariffs may push Indian exporters to diversify markets
- India and US negotiating trade pact to resolve high tariffs on Indian goods
US stocks rise as Venezuela ‘spillover’ seen muted; tech, energy gain
Business | Updated: Jan 05, 2026
- US stocks rose as tech and energy shares gained after Venezuela's Maduro ouster
- Chevron, ConocoPhillips, and Exxon rose on US vow to boost Venezuela energy.
- Analysts expect S&P 500 to rise 9% in 2026, slower than previous years
FII/FPIs net sell Indian equities worth Rs 36 crore while DIIs net bought Rs 1,764 crore
Business | Updated: Jan 05, 2026
- FPIs net sold Indian equities worth Rs 36 crore; DIIs bought Rs 1764 crore
- Nifty fell 75 points, Sensex dropped 322 points amid profit booking
- Realty and Defence indices rose over 2 percent; IT index shed 1.5 percent
Simple Energy expands scooter lineup with Gen 2 Simple One, introduces 400-km range model: Check price
Business | Updated: Jan 05, 2026
- Simple Energy launched Gen 2 Simple One, OneS, and new Ultra electric scooters.
- Simple Ultra offers a 400 km IDC-certified range, the longest in the lineup.
- All models now at dealerships and online with new features and upgrades.
Saudi Arabia tests bond market appetite with new dollar deal
Business | Updated: Jan 05, 2026
- Saudi Arabia plans to issue dollar bonds with maturities from 3 to 30 years
- Bond proceeds will fund major projects to diversify the economy from oil
- Goldman Sachs forecasts Saudi Arabia may issue $25 billion in debt in 2023
Gabion Technologies IPO to hit Dalal Street on January 6, shares attract over 30% GMP
Business | Updated: Jan 05, 2026
- Gabion Technologies India IPO opens Jan 6 with price band of Rs 76-81 per share
- Company aims to raise Rs 29.16 crore via fresh issue of 36 lakh shares
- IPO proceeds to fund working capital, machinery, and corporate purposes
EPF withdrawals made simpler: When you can take money out and what it really costs you
Business | Updated: Jan 05, 2026
- EPFO streamlines withdrawals into essential, housing, and special needs categories.
- Full EPF withdrawal allowed after retirement, disability, or permanent migration
- Withdrawals before five years may attract tax and break compounding benefits
Banks, P2P lending or DeFi: Which one actually works in real life?
Business | Updated: Jan 05, 2026
- Banks offer stability and insurance but have slow processes and strict criteria.
- P2P lending offers quick access but has higher credit risk and variable rates.
- DeFi offers automation and control but lacks institutional protection and has risks.
What cyber insurance really covers in everyday digital and ID fraud cases
Business | Updated: Jan 05, 2026
- Cyber insurance covers unauthorized transactions, not user-approved scams.
- Identity theft cover usually helps with paperwork, not reimbursing losses.
- Policies may not cover all family members unless explicitly named
US intervention in Venezuela: Near-term impact on India’s oil import mix is unlikely, says official
Business | Updated: Jan 05, 2026
- US intervention in Venezuela unlikely to affect India's oil imports in 1-3 years
- Few Indian refineries can process Venezuela's heavy, high-sulfur crude.
- Any increase in Venezuelan oil imports to India will be gradual and limited
Chevron, US oil stocks rally as Trump vows Venezuela revival
Business | Updated: Jan 05, 2026
- US oil stocks surged after Trump pledged to revive Venezuela's energy sector
- Chevron up 10%, ConocoPhillips and Exxon Mobil also rose in premarket trading
- Venezuela's oil industry revival may take years, cost over $100 billion
Bitcoin advances to three-week high as stocks, silver rise
Business | Updated: Jan 05, 2026
- Bitcoin reaches 3-week high, surpasses 50-day moving average post-market crash.
- Investors still favor risk assets despite Venezuela's political uncertainty.
- Traders eye $94,000 as key resistance, $88,000 as support for Bitcoin
What is mis-selling in insurance, and why has IRDAI flagged it in its latest report? | Explained
Business | Updated: Jan 05, 2026
- Life insurer complaints steady, but mis-selling and unfair practices increased
- India's life insurance penetration dropped to 2.7%, below the global average.
- IRDAI urges insurers to tackle mis-selling with better controls and root cause analysis.
Gold, silver jump as Venezuela tensions add to geopolitical risk
Business | Updated: Jan 05, 2026
- Gold rose 2.3% to above $4,430 an ounce amid heightened geopolitical risks
- Silver gained nearly 5%, outperforming gold as investors seek safe havens
- US capture of Maduro and Venezuela uncertainty fueled market volatility
Got a message from the tax department? It may be time to revise your return
Business | Updated: Jan 05, 2026
- Income Tax messages may flag mismatches between your return and official records
- Revise your return if the message shows missing or incorrect income.
- Ignoring real mismatches can lead to extra tax, interest, or refund delays
Air India kicks off search to replace CEO amid persistent losses
Business | Updated: Jan 05, 2026
- Tata Group seeks new Air India CEO amid slow recovery after deadly crash
- Current CEO Campbell Wilson will not get contract extension, search underway
- New CEO announcement expected after crash report release, likely by June
Active vs passive multi-asset funds: What’s the difference and how should investors choose?
Business | Updated: Jan 05, 2026
- Active multi-asset funds often outperform passive funds but carry higher costs
- Passive multi-asset funds offer lower costs but deliver more index-like returns
- Investors should consider flexibility, risk, and returns, not just expense ratios.
New Income Tax Act to roll out from April 1: Here's what CBDT chief told tax officials
Business | Updated: Jan 05, 2026
- India's new Income Tax Act to replace 1961 law from April 1, 2026
- CBDT chief urges officials to prepare for new rules, procedures, and training
- Technology and data platforms will play a key role in the transition
What loan apps really see when you give them contacts and photo access
Business | Updated: Jan 05, 2026
- Loan apps often request excessive permissions like contacts and gallery access.
- Contacts access can lead to harassment if repayments are missed
- Check lender identity, privacy policy, and permissions before using loan apps.
Taking Stock: Nifty slips from record high, Sensex down 322 pts; IT, oil & gas worst hit
Business | Updated: Jan 05, 2026
- Nifty hit a fresh high but closed down 0.30%
- Nifty Bank and midcap indices touched record highs before profit booking
- Realty and consumer durables rose; IT and oil & gas sectors fell.
Gold, silver jewellery demand weakens sharply in December 2025
Business | Updated: Jan 05, 2026
- Gold sales fell 35-40% YoY in Dec 2025; silver jewelry down 15-20%.
- Demand for silver bars and coins rose 15–18 percent despite record-high prices
- High prices and global tensions drove buyers away from gold and silver jewellery
Amara Raja doubling down on building local distribution network in US amid tariffs: Report
Business | Updated: Jan 05, 2026
- Amara Raja aims to double export revenue share in five years
- Company expands US presence despite tariff challenges
- Shares closed at Rs 930.80, up 3% in five days, but down 19% in one year
Systematic withdrawal plans: A smart way to generate regular income without depleting savings
Business | Updated: Jan 05, 2026
- SWPs enable regular withdrawals from mutual funds, providing flexible income and growth.
- SWPs are more tax-efficient than FDs as only capital gains are taxed on withdrawals.
- SWPs suit retirees needing steady cash flow but need careful withdrawal planning.
End of a five-year wait for homebuyers: Noida Authority lifts OC ban for Sports City, registries set to resume
Business | Updated: Jan 05, 2026
- Noida ends 5-year ban on occupancy certificates for Sector 150 Sports City homes
- Supreme Court order led to conditional OCs and registries for compliant projects
- Luxury homebuyers to receive possession and registry soon.
Telecom veteran Akhil Gupta to retire from Bharti Enterprises on March 31
Business | Updated: Jan 05, 2026
- Akhil Gupta to retire as Bharti Enterprises vice chairman after March 31
- Gupta played a key role in Bharti Airtel's growth and major acquisitions
- He played a key role in Airtel's Africa growth and telecom infrastructure reforms.