- Elon Musk's xAI reports $1.46 billion loss as startup rapidly expands operations — what we know January 9, 2026Elon Musk’s xAI is burning cash quickly as it builds data centers, recruits talent and developd software to power humanoid robots, internal documents showed. The artificial intelligence startup is reported $1.46 billion loss for the September quarter.
- Green power is hot again, Stonepeak circles AM Green for mega deal January 9, 2026AM Green will use $650 million from the transaction to repay its private credit, and the rest into various capex projects in bio-fuel, aluminium and ammonia projects.
- From mega M&As to aggressive expansion, 2025 was the year of Indian conglomerates. Will the momentum sustain in 2026? January 9, 2026India's top conglomerates excelled in 2025 with significant M&As and capital expenditure, reflecting resilience amid global challenges. Experts caution against overleveraging and stress the importance of succession planning as India's top business houses prepare for sustained growth in 2026.
- Muni Restructuring Firm Formed by Ex-Citi Bankers Is Dissolving January 8, 2026BGC Partners Advisory, a boutique restructuring firm started in 2024 by ex-Citigroup Inc. public finance bankers, is dissolving.
- HPE-Juniper Integration Allowed as Judge Reviews Settlement January 8, 2026Hewlett Packard Enterprise Co. can continue integrating Juniper Networks Inc. while a group of states challenge a settlement the companies reached with the Justice Department over antitrust concerns about the deal, a federal judge said Thursday.
- CPSE Capex reached 74.5% of target by December, set to exceed annual target by fair margin January 8, 2026The Capex for the month of December alone increased by 9.28% to Rs 70,000 crore, with many enterprises exceeding their annual budget target. The growth was led by the Railway board and National Highway Authority of India(NHAI) as they remained the highest spenders.
- 61,000 crorepati taxpayers added in last one year January 8, 2026India saw a significant rise in wealthy taxpayers. Over 61,000 new individuals joined the crorepati club, bringing the total to 351,000. The number of super-rich individuals, earning over ₹10 crore, also grew substantially. Improved tax compliance and advanced data analytics are credited for this expansion. This trend reflects a growing economy and better ad […]
- New tariff threat more of a pressure tactic: Oil industry January 8, 2026In a striking political maneuver, US President Donald Trump is endorsing legislation that would impose a staggering 500% tariff on Russian oil purchasers. Indian oil executives perceive this as a tactical pressure play in ongoing trade negotiations rather than a serious ultimatum. The intention appears to be to coerce India while nudging Russia towards a mor […]
- Budget may roll out ₹23,000 crore incentives to boost local capital goods manufacturing January 8, 2026Budget 2026: India may introduce incentive packages totaling up to ₹23,000 crore in the union budget for FY 2026-27 to boost domestic manufacturing of high-value capital goods. Schemes for construction equipment and automotive sectors are nearing finalization, aiming to reduce import reliance and strengthen global value chains.
- UN raises India's 2026 GDP forecast to 6.6%, pegs next yr's growth at 6.7% January 8, 2026India's economic horizon shines bright with projections of 6.6% growth by 2026 and 6.7% by 2027, as forecasted by the UN. This surge is fueled by vigorous consumer activity and substantial public investments. With supportive policy initiatives in place, India's position as one of the world's fastest-evolving economies is firmly established. […]
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