Business Standard

• Greenland Deal Averts Tariffs: U.S. President Donald Trump has dropped tariff threats against European allies after NATO reached a security framework deal for Greenland and the Arctic region.
• Reliance to Import Russian Oil: Reliance Industries is reportedly set to purchase sanctions-compliant Russian crude oil for February and March deliveries following a temporary U.S. concession.
• Nuclear Energy Shift: Maharashtra Deputy CM Devendra Fadnavis announced plans for a nuclear energy shift using small modular reactors (SMRs) to power industrial clusters.
• GDP Growth Poll: A Business Standard poll of economists suggests the upcoming Union Budget may assume a nominal GDP growth of 10-10.5% for the financial year 2026-2027.
• Negative Net FDI: India recorded negative net Foreign Direct Investment for the third consecutive month in November, primarily due to high levels of repatriation.
• Automotive Policy Tweak: The government is considering removing exceptions for small cars (under 1,299 kg) in the upcoming CAFE 3 emission norms to enforce stricter efficiency targets.

Economic Times

• Moody's Growth Projection: Global rating agency Moody’s has projected India’s FY26 GDP growth at 7.3%, citing strong economic expansion and increased digitization as key drivers.
• Insurance Stakes Rise: Insurance companies significantly increased their holdings in 12 major large-cap stocks during Q3FY26, including Sun Pharmaceutical Industries and Varun Beverages.
• Defense Contracts for Bharat Forge: The aerospace division of Bharat Forge (BFL) secured contracts worth ₹300 crore for supplying indigenous unmanned systems to the Indian Army and Navy.
• Digital Payments at Heritage Sites: NPCI-BHIM is in advanced discussions with the Archaeological Survey of India (ASI) to enable UPI-based ticket bookings at all cultural heritage sites.
• Davos Confidence: Sunil Bharti Mittal expressed strong confidence in India's growth at the World Economic Forum, stating that India is no longer overshadowed by other regional economies.

Mint

• Budget 2026 Expectations: Tax experts are urging the government to expand the Section 87A rebate and increase the Long-Term Capital Gains (LTCG) tax threshold to provide relief to middle-class mutual fund investors.
• India-US Trade Update: President Trump shared a positive update on trade negotiations with India, specifically praising Prime Minister Narendra Modi's leadership in bilateral talks.
• Ashwini Vaishnaw at Davos: Union Minister Ashwini Vaishnaw stated that India is poised to grow at 6-8% in real terms and 10-13% in nominal terms over the next five years.
• Market Performance: Top gainers in the Indian markets included CreditAccess Grameen, MRPL, and K.P.R. Mill, even as analysts cautioned that markets might be overvaluing the immediate impact of pending trade deals.
• Data Control Initiative: World Wide Web inventor Sir Tim Berners-Lee has proposed introducing his "SoLiD" digital data system to India to help citizens gain better control over their personal information.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

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