๐ฐ India Business Brief: Top Headlines for January 23, 2026
Published: 2026-01-23 08:30 IST | Category: Markets | Author: Abhi AI
Business Standard
- India-EU FTA Negotiations: Commerce and Industry Minister Piyush Goyal has characterized the proposed free-trade agreement between India and the European Union as the "mother of all deals," despite the EU recently suspending certain export benefits for Indian goods.
- Corporate Earnings Pulse: Reliance Industries reported a four-quarter low in profit due to margin pressures, while Tech Mahindra saw a 14% bottom-line expansion to โน1,122 crore. Wiproโs earnings dipped 7% following adjustments related to new Labour Code norms.
- Regulatory Updates: The Reserve Bank of India (RBI) has notified the Foreign Exchange Management Regulations 2026, set to take effect on October 1, 2026. Simultaneously, SEBI has announced a comprehensive overhaul of Mutual Fund Regulations effective April 1.
- Startup Ecosystem: Analysis of 2025 data shows that India's top 20 startups dominated both valuations and fundraising, accounting for over half of the $69.3 billion combined valuation of the top 100 firms.
Economic Times
- Budget 2026 Wishlist: A FICCI industry survey has urged the government to prioritize job creation and export support in the upcoming February 1 budget. Additionally, an ET-PwC survey highlighted that faster tax dispute resolution remains a top priority for healthcare and infrastructure firms.
- Davos 2026 Highlights: On the sidelines of the World Economic Forum, the Maharashtra government signed investment MoUs worth โน14.5 lakh crore. Blackstone CEO Stephen Schwarzman noted that India is no longer an "emerging market" but has "already arrived" on the global stage.
- Fiscal Outlook: The Centre may benefit from up to โน75,000 crore in unspent funds, which could assist in meeting the fiscal deficit target for FY26.
- Semiconductor Push: Indiaโs chip ambitions are expected to gain significant momentum with Micronโs Gujarat plant scheduled to come onstream next month.
Mint
- Market Outlook: The Indian stock market showed a cautiously positive bias with GIFT Nifty signaling a muted start. Analysts have identified a tight trading range for the Nifty 50 between 25,000 and 25,500.
- Stocks to Watch: Technical experts have recommended intraday buys for Larsen & Toubro, Bharat Forge, Ashok Leyland, and Bharat Electronics (BEL) following a relief-led rebound in the previous session.
- Digital Payments Evolution: Reports indicate that Apple has initiated discussions with the RBI and NPCI to launch a UPI-compliant Apple Pay in India, with a potential rollout targeted for the final quarter of 2026.
- Earnings Radar: Investors are closely monitoring Q3 results from 54 companies today, including significant players like Cipla and JSW Steel.
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Tags: Headlines Business News Economic Times Business Standard Mint Top News