Monday, January 26, 2026 ਪੰਜਾਬੀ हिंदी

Business

Amazon’s 2nd round of 30,000-job cut plan likely next week: Report

US e-commerce giant Amazon is likely to announce a second round of job cuts next week, in its plan to trim its workforce by 30,000, due to efficiency gains from artificial intelligence (AI), according to reports.

The new round of layoffs is expected to impact white collar roles across divisions including Amazon Web Services (AWS), the People Experience and Technology unit (human resources), Prime Video and retail, according to reports.

Newgen Software clocks 29.4 pc drop in Q3 profit, shares tank over 15 pc

Newgen Software Technologies on Tuesday reported 29.42 per cent year-on-year (YoY) drop in net profit in the December quarter of the current financial year (Q3 FY26).

The company’s net profit declined to Rs 62.81 crore in Q3, compared to Rs 89 crore in corresponding quarter of previous financial year (Q3 FY25), according to its stock exchange filing.

EV deal with China could hamper Canada’s domestic auto production: Report

China's deal with Canada to export up to 49,000 Chinese electric vehicles (EVs) represents more than a bid for market access but a ploy for market domination that could hollow out the North American country’s domestic auto production, a report has warned.

The report from Windsor Star said that as Canada's Prime Minister Mark Carney visited Beijing, “he should know that just like US President Donald Trump, Chinese Counterpart Xi Jinping also doesn't want Canada to build cars”.

Centre likely to roll out collateral‑free loans for gig workers, domestic helpers soon

The government reportedly plans to launch a microcredit programme in April 2026, offering collateral‑free loans of up to Rs 10,000 per annum to gig workers, domestic helpers, and other vulnerable groups.

The Ministry of Housing and Urban Affairs is apparently designing the scheme on the lines of the PM Street Vendors Atma Nirbhar Nidhi (PM‑SVANidhi), which provides street vendors with small working‑capital loans, according to reports.

Tech jobs in India to grow 12-15 pc in 2026, add 1.25 lakh new roles

 The overall tech job market in India, including permanent, temporary and contractual profiles, is expected to see a 12–15 per cent uptick in 2026, adding around 1.25 lakh new roles, a report has said.

The report from work solutions provider Adecco India said the talent gap soared to 44 per cent in 2025, pushing median packages 18 per cent higher than 2024 and creating a fierce talent war.

Tesla sells 225 electric vehicles in India in 2025

US-based Electric vehicle (EV) manufacturer Tesla sold 225 units of its only electric vehicle in India, Model Y SUV, in calendar year 2025, according to industry data.

Federation of Automobile Dealers Associations (FADA) data showed that Tesla retailed 64 units in September, 40 in October, 48 in November and 73 in December.

US electric‑vehicle maker is yet to complete a year of retail deliveries in India as it opened its maiden showroom in July.

Defence to space, India’s vibrant startup ecosystem becomes foundation of nation building

As the nation marks the decade of the ‘Startup India’ initiative, the revolution is no longer merely an economic phenomenon; it has become a nation-building instrument, reshaping how the India creates capability, opportunity, and confidence for the next century.

‘Startup India’ was launched on January 16, 2016 by Prime Minister Narendra Modi as a transformative national programme to nurture innovation, promote entrepreneurship and enable investment-driven growth, with the objective of making India a nation of job creators rather than job seekers.

Hyundai, Porsche Korea, 2 others to recall over 340,000 vehicles due to faulty parts

Hyundai Motor, Porsche Korea and two other automakers will voluntarily recall more than 340,000 vehicles in South Korea to fix various component defects, the transport ministry here said on Thursday.

The four companies, including Kia Corp. and Mercedes-Benz Korea, are recalling a combined 344,073 vehicles across 74 models, according to the Ministry of Land, Infrastructure and Transport, reports news agency.

Groww parent company Billionbrains’ Q3 profit falls 28 pc

 Billionbrains Garage Ventures, the parent company of stock broking platform Groww, on Wednesday reported a sharp fall in profits for the third quarter of financial year 2026 (Q3 FY26).

The company’s consolidated net profit declined 27.8 per cent year-on-year (YoY) to Rs 546.93 crore in Q3 FY26, compared with Rs 757.11 crore in the same quarter last financial year.

India’s office market scales new high in 2025, global firms account for 58.4 pc share

The year 2025 established yet another new record for the India's office market with 83.3 million square feet of gross leasing volumes for the full year, according to a report released on Tuesday.

With global firms accounting for a robust 58.4 per cent share, India's position as a strategic business hub offering genuine structural tailwinds was reaffirmed during a period marked by global uncertainties, said the JLL report.

Elon Musk calls Apple‑Google AI partnership 'unreasonable concentration of power'

Tesla CEO and founder of AI firm xAI, Elon Musk, on Tuesday sharply criticised Apple’s decision to adopt Google’s Gemini models for next‑generation Siri and Apple Foundation Models, calling it “an unreasonable concentration of power” for Google.

Musk posted his criticism on the social media platform X after Google confirmed the multi‑year deal would supply Gemini models and cloud infrastructure to power Apple Intelligence features.

Apple’s iPhone CY25 exports from India cross Rs 2 lakh crore for first time

For the first time since domestic production began in 2021, US tech giant Apple Inc’s iPhone exports from India crossed Rs 2 lakh crore in 2025, as per industry data.

Exports of the tech company in January–December 2025 reached a record $23 billion or Rs 2.03 lakh crore, up nearly 85 per cent over 2024 exports.

Around three months remain before Apple’s five‑year PLI window ends. Under the production-linked incentive scheme (PLI), Apple’s focus in India had been expansion of the iPhones exports.

Maruti Suzuki approves Rs 4,960 crore land deal for capacity addition in Gujarat facility

Maruti Suzuki India Limited, the country’s largest car manufacturer, on Monday informed that its board has approved a Rs 4,960-crore proposal to acquire land for expansion of its manufacturing capacity in Gujarat.

The land acquisition is for the expansion of production capacity at Khoraj Industrial Estate from Gujarat Industrial Development Corporation, and “the proposed capacity addition is up to 1 million (10 lakh) units”, Maruti Suzuki India said in an exchange filing.

"The cost of land acquisition, development, and preparatory activities approved by the board is Rs 4,960 crore," it said, adding that the overall investment would be finalised and approved by the board while framing the phases of installation of capacity.

LG Display vows to address China's rise through OLED cost reduction

LG Display Chief Executive Officer (CEO) Jeong Chul-dong has vowed to address China's rise in the liquid crystal display (LCD) sector by improving the price competitiveness of its premium organic light-emitting diode (OLED) panels.

Jeong made the remark during a meeting with reporters in Las Vegas on Wednesday (U.S. time) on the margins of CES 2026, sharing his views on exhibitions by Chinese technology firms, news agency reported on Monday

Tejas Networks clocks Rs 196.55 crore loss in Q3, revenue drops nearly 88 pc

Domestic telecom equipment maker Tejas Networks has reported a consolidated loss of Rs 196.55 crore for the October–December quarter (Q3 FY26).

This marked its second straight quarterly loss, mainly due to weak sales and a delay in orders from state-owned BSNL, according to its stock exchange filing.

The company had posted a profit of Rs 165.67 crore in the same quarter last financial year.

Top Indian IT firms gear up to declare Q3 results amid tighter H-1B visa regime

The stock market focus in the coming week will shift firmly to third-quarter (Q3) earnings from India Inc, with heavyweight IT companies set to take centre stage and drive index-level direction, analysts said on Saturday.

HCL Tech, TCS, Infosys, Tech Mahindra and Wipro— together accounting for nearly 13 per cent of the Nifty’s weight — are scheduled to report, making their results and management commentary critical for broader market sentiment.

Vodafone Idea confirms AGR relief, to repay dues in staggered instalments till 2041

Vodafone Idea said on Friday that its adjusted gross revenue (AGR) dues for the period FY 2006–07 to FY 2018–19 will remain frozen from December 31, 2025, and it will repay the liability in staggered instalments through 2041.

Shares of the telecom operator rose in early trade, hitting an intraday high of Rs 12.40 on the BSE, up 7.8 per cent, and were trading at Rs 12.05 on the NSE at 9:55 a.m, up 4.78 per cent.

DIIs lend robust support to Indian markets, led by mutual fund assets

 India’s top domestic institutional investors reported a 12 per cent to 20 per cent surge in assets across multiple segments during 2025, underscoring continued local support for equity and debt markets even as foreign investor assets growth softened.

Mutual funds led the expansion, with equity assets up 20.6 per cent to Rs 52.25 lakh crore from Rs 43.34 lakh crore a year earlier, and their combined equity and debt assets climbed 23.34 per cent to Rs 73.21 lakh crore from Rs 59.35 lakh crore, as per data.

Apple’s iPhone exports from India cross $50 billion under PLI scheme

 US tech giant Apple achieved a major milestone under India’s smartphone production‑linked incentive (PLI) scheme, with the company's iPhone exports crossing $50 billion by December 2025, industry data showed.

The figure is expected to rise further, with three months still remaining in Apple’s five‑year PLI window. In the first nine months of FY26, iPhone exports stood at nearly $16 billion, pushing cumulative shipments during the PLI period beyond the $50‑billion mark.

By comparison, Samsung exported devices worth around $17 billion during its five‑year eligibility period under the scheme from FY21 to FY25.

Adani Group not just building a conglomerate but fulfilling national promise: Group CFO

Adani Group CFO Jugeshinder ('Robbie') Singh said on Friday that in 2026 and looking out over the next 10 years, “we stand with folded hands in gratitude to India and its people” and “we are not just building a conglomerate; we are fulfilling a national promise”.

In a post on LinkedIn, he said that by marrying the ESG (Environmental, Social, and Governance) framework with governance of iron-clad integrity, “we are no longer just an Indian success story; we are the global benchmark for how a utility and infra platform can be both ‘Best-in-Class’ growth engine and a ‘Best-in-Class’ guardian of the future”.

BSNL launches Voice over WiFi services nationwide to connect underserved areas

The government on Thursday announced the nationwide rollout of Voice over WiFi (VoWiFi), also known as Wi-Fi Calling, on New Year.

This advanced service is now available to all BSNL customers across every telecom circle in the country, ensuring seamless and high-quality connectivity even in challenging environments, said Bharat Sanchar Nigam Limited (BSNL), India's premier state-owned telecommunications provider.

The service is now available to BSNL customers across all telecom circles in the country.

UPI transactions surge 29 pc at 21.63 billion in Dec, consumption growth remains strong

The unified payments interface (UPI) saw 29 per cent transaction count growth (year-on-year) at 21.63 billion in the month of December — along with registering 20 per cent annual growth in transaction amount at Rs 27.97 lakh crore, the National Payments Corporation of India (NPCI) data showed on Thursday.

Month-wise, the UPI transaction count as well as amount grew significantly too.

Coupang should come up with compensation acceptable for victims of data leak

The head of South Korea's data protection regulator said on Wednesday that Coupang should come up with compensation acceptable for victims of its massive data leak amid strong backlash against the online retailer's offer of vouchers and discounts.

Song Kyung-hee, head of the Personal Information Protection Commission, made the call during a parliamentary hearing over the company's data breach that affected 33.7 million users -- around two-thirds of South Korea's population, reports news agency.

Foreign currency deposits rise for first time in 3 months: BOK

Foreign currency deposits in South Korea rose for the first time in three months in November, central bank data showed on Tuesday.

Outstanding foreign currency-denominated deposits held by residents stood at US$103.55 billion as of end-November, up $1.71 billion from a month earlier, according to the data from the Bank of Korea (BOK), reports news agency.

The total had reached the highest level in 31 months in August but declined over the following two months, mainly due to increased corporate repayment of foreign-currency borrowings and overseas investments by the national pension fund.

Coupang unveils $1.17 billion compensation plan over data breach

E-commerce giant Coupang announced a compensation plan worth more than 1.68 trillion won ($1.17 billion) on Monday following a massive personal data breach.

The compensation plan comes a day after Coupang founder Kim Bom-suk issued his first public apology since the incident, which affected nearly two-thirds of South Korea's population, reports.

Under the plan, the U.S.-listed company will provide 50,000 won worth of discounts and coupons to each of 33.7 million customers, including paid Coupang Wow members, regular users and former customers who have closed their accounts, the company said in a press release.

Housing sales value in Indian cities jump 6 pc in 2025: Report

The overall sales value of housing units in India’s top seven cities rose 6 per cent to over Rs 6 lakh crore from Rs 5.68 lakh crore in 2025, a report said on Friday.

The report from real estate services firm ANAROCK showed that sales volumes eased 14 per cent to about 3,95,625 units in 2025 from 4,59,645 units in 2024, as hardening property prices, IT sector layoffs, geopolitical tensions and other uncertainties dented demand.

Govt strengthens industry co-ownership in skilling: Minister

Building artificial intelligence (AI) capabilities at scale requires deep collaboration between government, industry, academia and training institutions, according to Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship.

He said that the government is strengthening industry co-ownership in skilling, promoting flexible learning pathways, and ensuring that “our training systems remain responsive to real-world demand”.

“By embedding AI skills across education, vocational training and the workforce, we are laying the foundation for a Viksit Bharat in an AI-enabled global economy,” the minister said during a strategic meeting on ‘Skilling for AI’ here.

India’s ultra-rich prefer to invest in growth assets, especially in tier 1 and 2 cities

India’s ultra-high net worth individuals (UHNIs), representing a cumulative net worth of over Rs 2 lakh crore, prefer to invest in growth assets, particularly in tier 1 and Tier 2 cities, where 54 per cent allocate over 80 per cent of their portfolios to growth capital, compared to 23 per cent in metros, according to a new report.

Second-generation UHNIs demonstrate relatively higher growth expectations, with 40 per cent targeting portfolio returns of over 16 per cent relative to 33 per cent among the first generation, said the report by Nuvama Private, the UHNI business of Nuvama Group.

Google activates Android emergency location service in India

Google on Tuesday activated its Emergency Location Service (ELS) on Android devices in India.

Uttar Pradesh has become the first state in the country to fully integrate this advanced caller location technology with its 112 emergency services.

“Google has announced the activation of Emergency Location Service (ELS) in Android in India, with Uttar Pradesh becoming the first state to fully integrate enhanced caller location into its 112 emergency services,” the company said in a statement.

Ticker‑mapping error likely behind sudden spike in Infosys ADRs: Report

A suspected data‑feed anomaly and algorithm‑driven buying — rather than company‑specific news -- seems to have triggered the sudden surge of around 50 per cent in Infosys Ltd’s American Depository Receipts (ADRs), a report has said.

The report from The Chronicle Journal said the spike in Infosys ADRs on December 19, 2025, was likely caused by a ticker‑mapping error across multiple financial data platforms that confused automated trading systems and set off a self‑reinforcing buying loop in a thinly traded counter.

‘Make in India’ booster: Electronics exports rise about 38 pc in April-Nov

In a booster for the ‘Make in India’ and production-linked incentive (PLI) initiatives, electronics exports rose about 38 per cent (year-on-year) in the April-November period this fiscal (FY26), led by smartphones, according to official figures.

The electronics exports reached $31 billion in eight months this financial years. Apple alone exported iPhones worth nearly $14 billion — more than 45 per cent of the total exports value of electronic items.

India reaches 709 million active UPI QRs, logs 59.33 billion transactions in July-Sep

The unified payments interface (UPI) transaction volumes rose 33.5 per cent (year-on-year) to 59.33 billion transactions in the July-September period, as transaction value grew 21 per cent to Rs 74.84 lakh crore, a report showed on Thursday.

India reached 709 million active UPI QRs, marking a 21 per cent increase since July 2024. Dense QR acceptance across kiranas, pharmacies, transport hubs, and rural markets has made scan-and-pay the default payment mode nationwide, according to the report by Worldline India.

Person-to-merchant (P2M) transactions continued to outpace person-to-person (P2P), reflecting UPI’s dominance in everyday retail payments.

Steel demand in India projected to grow at 8 pc in FY26

Steel demand growth in India is projected to remain steady at around 8 per cent for FY26, generating an incremental demand of 11-12 million tonnes per annum (mtpa), a report said on Wednesday.

However, softer steel prices and incremental supply are expected to pose challenges for domestic steel producers, the report from ratings agency ICRA said.

The ratings agency forecasted the "operating environment for domestic steel producers to remain challenging over the coming quarters" also due to stable yet sticky input costs, and a weak external environment.

Adani Power gets ‘Buy’ rating, target price set at Rs 187: Antique Broking

Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a ‘Buy’ rating, setting a target price of Rs 187 per share.

With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength.

In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sharp increase in capacity and rising power demand in India

HDFC Bank gets 1 year RBI approval for up to 9.5 pc stake in IndusInd Bank

HDFC Bank has received approval from the Reserve Bank of India (RBI) to allow its group entities to collectively hold up to a 9.50 per cent stake in IndusInd Bank.

The approval was granted through a letter dated December 15 and will be valid for one year, until December 14, 2026.

Riddhi Display shares list at 20 pc discount at Rs 80

Riddhi Display Equipment shares made a weak debut on the Indian stock market on Monday, disappointing investors.

The stock was listed on the BSE SME platform at Rs 80 per share, which was a discount of 20 per cent compared to its issue price of Rs 100.

The muted listing came despite expectations of a flat debut in line with the issue price. In the grey market, Riddhi Display’s IPO was trading at a premium of zero, indicating a likely listing around Rs 100.

People from 145 Indian cities now invest globally; 47 pc from tier 2 and 3 locations

Investors from more than 145 cities in India are now investing globally -- with 47 per cent coming from tier 2 and 3 cities, a report showed on Monday.

The report by Vested Finance revealed that Indian investors are increasingly broadening their exposure beyond single-stock investments to include US equities, Index and thematic exchange-traded funds (ETFs), private market opportunities, and global funds, including GIFT City–domiciled funds.

This reflects a more structured approach to portfolio construction and a growing comfort with global market participation, it added.

Govt-supported AIFs invest Rs 2,839 crore in 154 women-led startups

The government is implementing three flagship schemes — Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) — to support startups across categories and sectors at various stages of their business cycle.

According to Commerce Ministry, FFS has been established to catalyse venture capital investments and is operationalised by Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (SEBI)-registered Alternative Investment Funds (AIFs) which in turn invest in startups.

Meta India appoints Aman Jain as new head of public policy

Meta India on Friday announced the appointment of Aman Jain as its new Head of Public Policy.

He will take charge early next year and will report to Simon Milner, Meta’s Vice President of Policy for the Asia Pacific region.

Jain will also join the company’s India leadership team as part of his new role.

Apple expands retail presence in India with Noida store, 5th in country

In a boost to India’s electronics manufacturing growth story, US tech giant Apple on Wednesday previewed Apple Noida, its first retail store here and fifth in the country so far.

The new store brings together Apple’s full lineup of products and services. Customers can explore and shop the latest generation of iPhone, receive personalised support and expert guidance, and participate in 'Today at Apple' sessions, said the company.

“Connection is at the heart of everything we do in Apple retail, and we’re excited to open the doors to a new store built for community and creativity with Apple Noida,” said Deirdre O’Brien, Apple’s senior vice president of Retail and People.

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