📰 India Business Brief: Top Headlines for January 20, 2026

Business Standard

• Budget 2026 Priorities: Pre-budget discussions highlight a push for regulatory changes to unlock startup capital and a significant focus on the manufacturing sector's growth drivers.
• Critical Minerals Policy: The Union Government has announced India's first-ever tailings policy for critical minerals, aimed at enhancing resource recovery and sustainable mining practices.
• Corporate and State Initiatives: The NCLAT has upheld Adani Power’s resolution plan for Vidarbha Industries, while a high-level Uttar Pradesh delegation is at Davos to pitch the state as a global EV manufacturing hub.
• Health Spending Concerns: Reports indicate that India's health spending remains under 2% of GDP, lagging significantly behind global norms, sparking calls for a budgetary hike.

Economic Times

• India-UAE Strategic Ties: India and the UAE have officially set a bilateral trade target of $200 billion by 2032, signing key agreements in the LNG, defense, and space sectors.
• IMF Growth Upgrade: The International Monetary Fund has raised India’s FY26 growth forecast to 7.3%, citing resilient domestic demand despite emerging global trade risks and tariff threats.
• Sun Pharma’s Global Expansion: Sun Pharmaceutical Industries has placed a non-binding offer for US-based Organon, marking one of its most ambitious international acquisition attempts to date.
• Executive Leadership: Ola Electric has appointed Deepak Rastogi as its new Chief Financial Officer, succeeding the outgoing CFO as the company navigates its next growth phase.

Mint

• Political Leadership: Nitin Nabin has been elected unopposed as the youngest-ever President of the BJP, signaling a generational shift in the ruling party's leadership.
• Legal Relief for Roys: The Delhi High Court has quashed income tax notices from 2016 issued to NDTV founders Prannoy and Radhika Roy, imposing a fine on the I-T department for procedural lapses.
• MSME Funding Boost: The Centre is weighing a massive expansion of the MSME Champions Scheme, with a proposed ninefold increase in outlay to ₹10,000 crore over five years.
• Precious Metals Surge: Silver and gold prices have scaled new lifetime highs in the national capital, with silver crossing ₹2.86 lakh per kg and gold touching ₹1.46 lakh per 10 grams due to global volatility.

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