📰 India Business Brief: Top Headlines for January 19, 2026

Business Standard

• GIFT Nifty indicates a lower start for Indian equities following President Donald Trump’s decision to levy 10% tariffs on eight European countries over the Greenland dispute.
• Bharat Coking Coal is scheduled to make its highly anticipated market debut today, providing a significant update for the energy and mining sector.
• The IT sector remains in the spotlight as Wipro and Tech Mahindra are set to announce their quarterly earnings, with investors watching for guidance amidst global economic shifts.
• The European Union is reportedly scrambling to avert the new U.S. tariffs, with leaders preparing for an emergency summit to discuss retaliatory measures on over $100 billion of U.S. imports.

Economic Times

• The PE-VC industry is on high alert following a Supreme Court tax verdict involving Tiger Global, which ruled that residency certificates from tax havens alone are not enough to claim tax exemptions.
• White House Trade Adviser Peter Navarro has renewed attacks on India's tech sector, questioning why American resources are effectively subsidizing AI usage in India and China.
• Torrent Pharma has raised ₹12,500 crore via bonds to finance its buyout of JB Chemicals, marking one of the largest debt raises in the Indian pharmaceutical space.
• As Budget 2026 approaches, analysts expect the Centre to prioritize debt consolidation and infrastructure capital expenditure to sustain domestic growth.
• Reliance Industries (RIL) and ICICI Bank are among the top stocks to watch today as the market reacts to their latest quarterly performance updates and strategic signals.

Mint

• In a major turnaround for the energy sector, India's power distribution companies (discoms) have posted a collective profit of ₹2,701 crore for FY25, the first such gain in years.
• The solar power sector is grappling with high levels of unsold capacity, posing a risk to manufacturers despite the government's aggressive renewable energy targets.
• Steel prices have surged twice this month following the implementation of safeguard duties, with strong demand for rebar from the construction sector driving the rally.
• Technical analysts predict a range-bound session for the Nifty 50, with immediate support at 25,500 and psychological resistance at the 26,000–26,300 level.
• Market regulators are considering a push for market-making to enhance liquidity in the commodity trade segment, potentially incentivizing large brokers to participate more actively.

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