Domestically, trade and policy indicators are in sharp relief. Commerce Minister Piyush Goyal has expressed optimism about finalizing an India–EU Free Trade Agreement soon, dubbing it the “mother of all deals” and emphasizing that no EU member is opposed to the agreement. Regulatory changes are also under scrutiny, with SEBI Chairman Tuhin Kanta Pandey downplaying fears regarding foreign investor withdrawals and hinting at forthcoming reforms to simplify registration and netting standards.
Market dynamics, however, are exhibiting pressure in the short term. The rupee experienced its most significant single-day drop in almost two months, closing at 90.87 against the dollar, predominantly influenced by global uncertainties and capital flow issues. Equity market sentiment was affected by corporate earnings and sectoral updates as firms tackled currency fluctuations, rising costs, and regulatory alterations.
On the corporate landscape, Reliance Industries reported a robust Q3 performance, driven by its digital and oil-to-chemicals segments, with Jio continuing to expand its subscriber base and enhance monetization through 5G advancements.
The IT sector displayed a mixed performance, with Tech Mahindra falling short of profit forecasts despite stronger revenues, while leading companies contended with a one-time cost hit due to new labor regulations. Meanwhile, domestic political developments remained significant as vote counting progressed for the BMC elections, shaping the future of Mumbai’s civic governance.
Stay tuned for all the latest updates and insights—there’s much to explore!
Rupee closes at 90.87, marking its largest single-day decline in nearly two months
The Indian rupee continued its downward trend on Friday, finishing at 90.87 against the US dollar, down from 90.30 in the previous session, marking its steepest one-day decrease in almost two months.
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Reliance Industries Q3 net profit reaches ₹18,645 crore driven by O2C, digital units
Reliance Industries Ltd (RIL) posted a steady quarterly outcome, with consolidated net profit climbing to ₹18,645 crore in Q3, up from ₹18,165 crore in the previous quarter and greater than ₹18,540 crore a year prior. This growth was primarily fueled by performance in its Digital Services and Oil-to-Chemicals (O2C) sectors.
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RIL Q3 Results: Jio’s user base surpasses 515 million; ARPU rises to ₹213.7 on 5G upgrades
Jio Platforms Ltd, the telecom wing of Reliance Industries Ltd, added nearly 9 million subscribers in the December quarter, boosting its total user base to 515.3 million, as increased data usage and ongoing upgrades to premium plans raised average revenue per user (ARPU) to ₹213.7, reflecting a 5.1% year-on-year increase. These figures highlight continued monetization growth within India’s largest digital network.
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Also Read: RIL Q3 Results: Reliance Retail revenue increases 8% YoY to ₹97,912 crore
Tech Mahindra Q3 Results: Profit falls short of expectations; revenue and margins exceed forecasts
IT services company Tech Mahindra Ltd reported a net profit of ₹1,122 crore for Q3, compared to the CNBC-TV18 poll estimate of ₹1,385 crore. Revenue for the quarter was ₹14,393 crore, surpassing the poll estimate of ₹14,209 crore.
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Also Read: Wipro Q3 Results: Fourth quarter revenue growth expected between 0% to 2%; deal wins at $871 million
New labor code incurs ₹5,000-crore one-time cost for major IT firms
Five of India’s largest IT companies reported a combined additional expense of nearly ₹5,000 crore in the three months ending December 2025, attributed to the new labor codes that necessitated changes to wage definitions. The effect on the sector has been substantial due to its large workforce.
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Piyush Goyal: India-EU FTA could be the ‘mother of all deals’; No EU member raises objections
The proposed Free Trade Agreement (FTA) between India and its largest trading partner, the European Union (EU), is nearing completion, as Commerce and Industry Minister Piyush Goyal indicated that a favorable deal could be achieved by January 27, the date when EU leaders are slated to meet India’s Prime Minister Narendra Modi in New Delhi.
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Also Watch: Govt expected to increase FDI limit for defense firms with existing licenses from 49% to 74%
SEBI Chairman quells FPI exit worries, attributes outflows to cyclical patterns; reforms on registration and netting are imminent
Recent outflows from Indian markets by foreign portfolio investors (FPIs) should not be interpreted as a decline in India’s attractiveness to global investors, according to SEBI Chairman Tuhin Kanta Pandey, who emphasized that such flows are influenced more by global cycles and returns rather than regulatory factors.
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Trump receives Nobel medal presented by Venezuelan opposition leader Machado
Venezuelan opposition leader Maria Corina Machado stated that she presented her Nobel Peace Prize to US President Donald Trump on Thursday, January 15, during a pivotal meeting that could influence Trump’s approach to Venezuela’s political landscape.
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Economists alert on debt and geopolitical issues complicating delicate global recovery: WEF analysis
A modest improvement in the global economic outlook persists, yet the situation remains fragile with rising debt levels, shrinking fiscal space, and changing trade relations presenting ongoing threats, as noted in the World Economic Forum’s latest Chief Economists’ Outlook.
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BMC Election Results 2026: Ward-by-ward list of elected candidates in Mumbai
Vote counting for the Brihanmumbai Municipal Corporation (BMC) elections commenced at 10 am on Friday across 23 locations in Mumbai, marking a critical juncture in the city’s civic politics following polling in all 227 wards on January 15.
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