📰 India Business Brief: Top Headlines for January 15, 2026

Economic Times

• Indian stock markets (BSE and NSE) are shut today, January 15, 2026, as Maharashtra observes a public holiday for municipal corporation elections, including the high-stakes BMC polls in Mumbai.
• Infosys reported a 9.64% sequential decline in net profit to ₹6,654 crore for the third quarter, primarily due to one-time provisions for new labour codes, though the firm raised its annual revenue guidance to 3%-3.5%.
• A new two-tier inter-ministerial panel system will be launched next fiscal year to resolve commercial disputes between government departments, effectively barring them from approaching courts to save public money.
• India’s wheat production is projected to surpass last year’s record of 117.94 million tonnes, supported by a 2% increase in sowing area during the current rabi season.
• Coca-Cola is moving forward with plans for a $1 billion Initial Public Offering (IPO) of its Indian bottling unit, Hindustan Coca-Cola Beverages (HCCB), expected later this year.

Mint

• The government’s ₹20,000-crore plan to modernize India’s public-safety and disaster-response networks has hit a roadblock due to an internal turf war over the allocation of the 700 MHz spectrum band.
• The Defence Ministry is set to convene a high-level meeting to discuss a ₹3.25 trillion deal for the procurement of 114 Rafale fighter jets to bolster the Indian Air Force's capabilities.
• Silver prices hit a fresh all-time high on global markets as the US Supreme Court extended a decision on President Trump’s proposed tariffs, driving investors toward safe-haven assets.
• While equity markets are closed, the Multi Commodity Exchange (MCX) will resume trading for its evening session at 5:00 PM IST today.
• Recent data shows that despite the RBI cutting repo rates by 125 basis points over the past year, long-term interest rates in India continue to rise, creating a "puzzling" divergence in the financial markets.

Business Standard

• The US government has cleared the sale of Nvidia’s H200 AI chips to China, a move that has sparked intense security debates and is expected to influence global semiconductor trade flows.
• The Indian film industry saw its most successful year since the pandemic in 2025, with total box office collections crossing ₹13,000 crore, driven by higher ticket prices and strong regional cinema performance.
• The "10-minute delivery" model in quick commerce is facing a significant reality check as platforms scale back promises following regulatory scrutiny and rising operational costs.
• The Reserve Bank of India has officially cleared Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to set up a wholly owned subsidiary in India, marking a major expansion for the Japanese lender.
• Alstom has been awarded a €62 million contract by Indian Railways for the maintenance of locomotives, highlighting the continued push for public-private partnerships in infrastructure.

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