Monday, January 12, 2026 ਪੰਜਾਬੀ हिंदी

Business

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.

India’s auto retail sales rise 2 pc in November

India’s auto retail industry recorded steady growth in November, with overall vehicle sales rising 2.14 per cent year-on-year (YoY) to 33.01 lakh units, according to data from the Federation of Automobile Dealers Associations (FADA).

Demand remained stable even after the festival season, while price cuts following the GST 2.0 rollout continued to attract buyers to dealerships.

Passenger vehicle sales showed positive signs, supported by better model availability and strong demand for compact SUVs.

Samsung tops global foldable phone shipments in Q3: Report

Samsung Electronics solidified its top position in the global foldable smartphone market in the third quarter this year, industry data showed on Saturday.

Samsung accounted for 64 per cent of all global shipments of foldable smartphones in the July-September period, up 8 percentage points from a year ago, according to a report from Counterpoint Research, a market tracker, reports news agency.

The company further widened its gap with China's Huawei Technologies Co., whose market share remained unchanged from a year ago at 15 percent during the cited period, the report said.

Honda Motorcycle and Scooter India posts 23 pc surge in domestic sales in Nov

Honda Motorcycle & Scooter India (HMSI) has posted domestic sales of 5,33,645 units in November, up 23 per cent from 4,32,888 units in the same month last year.

Total sales for the month touched 5,91,136 units, up 25 per cent from 4,72,749 units in November 2024, while exports rose 44 per cent to 57,491 units from 39,861 units a year earlier, the company said.

The sales data showed sustained demand in overseas markets and strong domestic retail traction.

Apple announces 2025 app store award winners

Apple on Friday announced the winners of the 2025 App Store Awards, honouring 17 developers whose apps and games have made a strong impact this year.

The awards recognise creators who delivered outstanding experiences through innovative technology, smooth design and meaningful features that helped users work smarter, explore new ideas and enjoy immersive entertainment.

The winners were chosen from 45 finalists by App Store editors.

Hyundai's advanced vehicle chief to resign amid slow progress in autonomous tech

Song Chang-hyeon, head of Hyundai Motor Group's Advanced Vehicle Platform (AVP) division and chief executive officer (CEO) of the group's software research arm 42dot, has tendered his resignation amid a lack of progress in next-generation vehicle technologies, industry sources said on Thursday.

In a message sent to 42dot employees, Song said he would step down from both positions following a meeting with Hyundai Motor Group Executive Chair Euisun Chung, according to the sources, reports news agency.

Song appears to be taking responsibility for the group's limited progress in autonomous driving technologies, as Hyundai Motor Group has been viewed as falling short of expectations compared with rivals despite significant investment in the AVP division.

Samsung unveils Galaxy Z TriFold, its 1st triple-folding phone

Samsung Electronics on Tuesday unveiled the Galaxy Z TriFold, a new foldable smartphone that opens twice to reveal a large 10-inch display.

With this launch, Samsung has expanded its leadership in innovative phone designs for the AI-driven mobile era.

The company said the TriFold builds on a decade of experience in the foldable category and introduces its most advanced engineering yet.

Air India flew Airbus A320 plane not airworthy, says incident ‘regrettable’ amid DGCA probe

After the Directorate General of Civil Aviation (DGCA) initiated an investigation into an Air India aircraft that was not airworthy but still flew at least eight times before it was grounded, the airline on Tuesday said the incident was “regrettable” and it has initiated a comprehensive internal investigation.

The Airbus A320 in question was operated with an “expired airworthiness licence” at least eight times last month before the lapse was discovered and the aircraft was grounded. The A320 remains grounded pending DGCA investigation.

The Certificate of Airworthiness is issued by the DGCA, and is renewed every year only if the aircraft in a safe condition for flight.

UPI transactions grow 32 pc in Nov as consumption remains robust

The unified payments interface (UPI) saw 32 per cent transaction count growth (year-on-year) at 20.47 billion in the month of November — along with registering 22 per cent annual growth in transaction amount at Rs 26.32 lakh crore, the National Payments Corporation of India (NPCI) data showed on Monday.

Average daily transaction amount in November stood at Rs 87,721 crore, the NPCI data showed.

The month of November recorded 682 million average daily transaction counts, up from 668 million registered in October.

11 दिसंबर को नोएडा में Apple का पहला रिटेल स्टोर; भारत में पाँचवाँ आउटलेट

Apple ने शुक्रवार को घोषणा की कि वह 11 दिसंबर को नोएडा में अपना पहला रिटेल स्टोर खोलेगा, जो भारत में उसके पाँचवें स्टोर का शुभारंभ होगा।

नया आउटलेट, Apple Noida, DLF मॉल ऑफ़ इंडिया के अंदर स्थित होगा और ग्राहकों को Apple उत्पादों को देखने, विशेषज्ञ सहायता प्राप्त करने और ब्रांड की सेवाओं का व्यक्तिगत रूप से अनुभव करने के लिए एक समर्पित स्थान प्रदान करेगा।

कंपनी ने आज सुबह स्टोर बैरिकेड का अनावरण किया, जिसमें मोर के पंखों से प्रेरित एक रंगीन डिज़ाइन प्रदर्शित किया गया है - जो भारत के गौरव और रचनात्मकता का प्रतीक है।

Apple to open first retail store in Noida on Dec 11; fifth outlet in India

Apple on Friday announced that it will open its first retail store in Noida on December 11, marking the launch of its fifth own store in India.

The new outlet, Apple Noida, will be located inside DLF Mall of India and will offer customers a dedicated space to explore Apple products, get expert support, and experience the brand’s services in person.

The company revealed the store barricade earlier today, showcasing a colourful design inspired by peacock feathers -- a symbol of India’s pride and creativity.

This theme was also used during the recent openings of Apple Hebbal in Bengaluru and Apple Koregaon Park in Pune, reflecting Apple’s effort to celebrate modern India through its retail experience.

Luxury home prices up 40 pc in India’s seven cities, affordable housing up 26 pc

 Luxury housing demand in India’s top seven cities has outpaced other segments over the past three years, with average prices for homes priced above Rs 1.5 crore rising about 40 per cent from Rs 14,530 per sq. ft. in 2022 to Rs 20,300 per sq. ft. in 2025, a report said on Wednesday.

The luxury housing segment continues to rule the residential market in India's top 7 cities - not only in new supply and absorption but also in price appreciation, the report from real estate services firm ANAROCK said.

Delhi‑NCR led gains in the luxury segment, posting a 72 per cent jump to Rs 23,100 per sq. ft., while Mumbai Metropolitan Region and Bengaluru saw gains of 43 per cent and 42 per cent respectively.

India rises to no. 2 in APAC real estate private credit: Report

India has emerged as one of the most active and fastest-growing real estate private credit markets in the Asia-Pacific region, securing the second position and accounting for 36 per cent of regional fundraising between 2020 and 2024, a new report said on Monday.

The data compiled by Knight Frank notes that India’s private credit assets under management have seen sharp growth, rising from $0.7 billion in 2010 to $17.8 billion in 2023.

Knight Frank expects India to contribute between 20 and 25 per cent of the region’s projected $90–110 billion private credit expansion by 2028, driven by stronger investor appetite, policy reforms, and increased developer demand for non-bank financing.

1 in 5 iPhones made globally in FY25 came out of India amid record domestic sales

As Apple India posted a record high domestic sales of $9 billion in FY25, one in every five iPhones made globally in FY25 was manufactured/assembled in India, the company filings showed.

The company's manufacturing in India contributed 12 per cent of Apple’s global production value.

Apple's sales in India accounted for just over 2 per cent of Apple’s $416.1 billion global revenue, but India’s role in iPhone production expanded sharply, analysts said.

The iPhone maker began local assembly of high-end Pro and Pro Max models of iPhones in India for the first time.

India’s GCC workforce to almost double to touch 3.46 million by 2030 in AI era

With over 58 per cent Global Capability Centres (GCCs) moving beyond AI pilots, the workforce in this sector in India is projected to reach 3.46 million by 2030, adding 1.3 million new job roles, a report said on Tuesday.

In 2025, nearly 70 per cent of GCCs are already investing in Generative AI (GenAI), while over 60 per cent will set up dedicated AI safety and governance teams by 2026, said technology and digital talent solutions provider, NLB Services.

Artificial Intelligence (AI) governance in India is rapidly institutionalising across the country’s GCCs, the report said.

It estimated a significant impact on jobs in 2026 with 11 per cent increase in opportunities, thereby expanding personnel to 2.4 million in the sector.

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