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Markets Jan 16: Sensex Reclaims 83,500 Mark as Infosys and Wipro Lead IT Rally
Indian equity benchmarks ended higher as the Sensex rose 187 points to 83,570, fueled by a massive rally in IT stocks. Infosys jumped 5% following a guidance hike, while Wipro beat revenue estimates. Market sentiment remained positive despite a slight dip in global indices like the Nikkei, as investors cheered strong domestic quarterly performances.
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Earnings Jan 16: Tech Mahindra and Federal Bank Post Strong Q3 Profits; Shares Surge
Tech Mahindra reported a 14% rise in net profit to ₹1,122 crore, beating manufacturing segment views. Meanwhile, Federal Bank shares skyrocketed 11% to record highs after posting a ₹1,041 crore profit with significantly improved asset quality. Both firms signaled robust growth trajectories, boosting investor confidence in the banking and technology sectors for 2026.
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Reliance Jan 16: Reliance Industries Prepares for Q3 Results Amidst Recent Market Cap Erosion
India's most valuable company, Reliance Industries (RIL), is set to announce its December quarter earnings today. While brokerages expect steady growth, the stock has seen ₹1.4 lakh crore wiped off its valuation this year. Investors are closely watching for updates on retail margins and Jio’s subscriber growth to gauge a potential recovery.
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AngelOne Jan 16: Angel One Announces 1:10 Stock Split and ₹23 Dividend After Q3
Angel One shares jumped 9% after the brokerage firm approved a 1:10 stock split and declared a substantial dividend of ₹23 per share. Despite a slight 4.5% year-on-year drop in net profit to ₹269 crore, the company’s strong sequential performance and aggressive retail expansion plans have kept the outlook bullish for analysts.
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Tata Jan 16: Tata Sierra SUV Deliveries Begin; 2026 Punch Facelift Reaches Dealerships
Tata Motors has officially commenced deliveries of the highly anticipated Sierra SUV, positioning it as a premium rival to the Hyundai Creta. Additionally, the 2026 Tata Punch facelift has started arriving at showrooms with a new 'Pure' base variant. The company is focusing on safety and comfort to maintain its lead in the SUV segment.
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Tesla Jan 16: Tesla Struggles in India; Offers ₹2 Lakh Discount on Model Y After Slow Sales
Elon Musk’s Tesla is facing a "cold start" in India, with only 255 Model Y units delivered in 2025. To combat poor demand and high pricing perceptions, Tesla has slashed prices by up to ₹2 lakh. Analysts suggest that the premium EV market in India remains difficult to penetrate without deeper local manufacturing.
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Kia Jan 16: Kia Launches Value-for-Money Syros and Carens Clavis Variants Under ₹13 Lakh
Kia India has introduced the Syros HTK (EX) at ₹9.89 lakh and the Carens Clavis HTE (EX) at ₹12.54 lakh. These new variants are aimed at budget-conscious buyers seeking premium features like sunroofs at competitive price points, intensifying the competition in the compact SUV and MPV markets.
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Copper Jan 16: Hindustan Copper Resumes Jharkhand Operations as AI Data Centers Drive Demand
Hindustan Copper has successfully resumed underground mining at its Kendadih mine in Jharkhand. The company is pivoting toward supplying high-grade copper to AI data centers, which have become its largest consumers. Management expressed confidence in maintaining 40% margins as the global tech infrastructure boom fuels industrial metal demand.
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Taxation Jan 16: Supreme Court Denies Tax Relief to Tiger Global in Flipkart Stake Sale
In a landmark ruling, the Supreme Court declared Tiger Global’s Flipkart stake sale taxable, stating the transaction was "designed for tax avoidance" via Mauritius. The court emphasized that tax treaties should not erode India’s tax sovereignty, a move that has rattled global investors seeking capital gains exemptions through offshore routes.
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Trade Jan 16: India’s Trade Deficit Widens to $25 Billion Despite 1.8% Export Growth
India recorded merchandise exports of $38.5 billion in December, a slight year-on-year increase. However, the trade deficit has widened to $25 billion as imports surged by 9%. While exports remain resilient despite steep U.S. tariffs, the rising import bill signals potential pressure on the rupee and the current account balance.
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Insolvency Jan 16: Supreme Court Rules Homebuyers’ Societies Cannot Intervene in Developer Insolvency
The Supreme Court has clarified that Resident Welfare Associations (RWAs) and homebuyers' societies that are not official creditors cannot intervene in insolvency proceedings against developers. This ruling aims to streamline the IBC process, preventing delays in corporate insolvency resolution while maintaining a clear distinction between legal creditors and third-party stakeholders.
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Philanthropy Jan 16: Bill Gates Begins Shutting Down Gates Foundation; Sets 500 Layoff Target
Bill Gates has officially started the process of winding down the Bill & Melinda Gates Foundation, one of the world's most influential philanthropic bodies. The plan includes a final $9 billion spending push and an initial target of 500 job cuts, as the organization transitions its responsibilities to other global health and development partners.