{"id":"f-e550251d2f-30d7bcd0-589f-5934-8c67-e1f1892549f5","title":"Top Stories | India-US talks in focus, TCS earnings in line, HCLTech beats, CPI inches up and more","description":"Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.","timestamp":1768238754,"category":"business","headline":"Top Stories | India-US talks in focus, TCS earnings in line, HCLTech beats, CPI inches up and more","modifiedHeadline":"India-US Talks in Focus; TCS, HCLTech Report","subCategories":["scid_6bda76c2"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"68","fcSummary":"Markets reacted to geopolitics, earnings, and policy signals. US envoy's positive remarks on India boosted sentiment. TCS reported in-line Q3 results, while HCLTech raised growth guidance. India's inflation undershot estimates. A probe into Fed Chair Powell raised concerns.","summary":"India-US talks in focus, TCS earnings meet expectations, HCLTech surpasses estimates, and CPI sees a slight increase. Stay updated!","ctaUrl":"https://trends.glance.com/newz/Business_News/IN/en/cnbc-tv18/f-e550251d2f-30d7bcd0-589f-5934-8c67-e1f1892549f5","sourceUrl":"https://www.cnbctv18.com/business/companies/top-stories-india-us-talks-in-focus-tcs-earnings-in-line-hcltech-beats-cpi-inches-up-and-more-19819484.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/y_Nwn1c7YWS0.webp","content":"Markets took cues from geopolitics, earnings, and policy signals on Monday as investors navigated a crowded global and domestic news flow. Sentiment improved after Sergio Gor, the new US Ambassador to India, described India as Washington’s most important ally and confirmed that the next round of bilateral trade talks will take place imminently, helping markets recover from early weakness.\n
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\n Earnings remained firmly in focus. TCS reported Q3 numbers broadly in line with expectations, though one-time labour code costs weighed on net profit. HCL Technologies followed with a stronger top-line showing, raising its FY26 growth guidance.\n
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\n On the macro front, India’s December inflation came in below estimates despite rising on a sequential basis. Global markets, meanwhile, turned cautious after reports that the US Justice Department had opened a criminal probe involving Federal Reserve Chair Jerome Powell, intensifying concerns over political pressure on the central bank.\n
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\n Elsewhere, tensions flared in Iran as protest-related deaths climbed, private equity major Warburg Pincus outlined its India investment priorities, MeitY clarified its stance on smartphone security discussions, Reliance Industries addressed reports on battery manufacturing, and UK regulators opened a probe into X over AI-generated content.\n
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\n Stay with us for all the latest updates and expert takes—there’s plenty to unpack!\n
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Sergio Gor, US Ambassador to India, sparks market recovery ahead of trade talks  \n
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Sergio Gor, the new US Ambassador to India, announced that there is no more important ally for the US than India, and that the next round of trade talks between the two nations will take place tomorrow. \n
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ALSO READ: No partner more essential than India, says US envoy Sergio Gor; trade talks tomorrow\n
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TCS Q3 Results: One-time labour code cost impacts net profit, margins meet estimates  \n\n
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Tata Consultancy Services Ltd. (TCS), Tata Group's largest company and India's largest IT services provider, reported results after market hours on Monday, January 12, which were in line with what the street was anticipating on most parameters. \n
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HCLTech Q3 results: Revenue up 6% QoQ, FY26 growth guidance raised  \n
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HCL Technologies Ltd posted its Q3 FY26 results after market hours on Monday, January 12. The company recorded revenue of ₹33,872 crore, a 6% sequential increase, slightly above CNBC-TV18’s poll estimate of ₹33,360 crore. \n
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India's inflation at a three-month high in December, but undershoots poll  \n
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India’s consumer price inflation (CPI) came in at 1.33% in December, undershooting the CNBC-TV18 poll estimate of 1.62%, data released on Monday showed. Inflation, however, rose on a month-on-month basis from 0.71%, pointing to emerging sequential pressures beneath the headline print. \n
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'Trump abusing law': Senators, analysts on Justice Dept's probe into Fed's Jerome Powell  \n
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Tensions between the White House and the US Federal Reserve have reached a boiling point, with Fed Chair Jerome Powell revealing that the administration has threatened him with a criminal indictment over renovations to the Fed’s historic office buildings. \n
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Iran protest deaths rise to more than 500, rights group says  \n
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A crackdown on nationwide protests in Iran has killed at least 544 people, and even more are feared dead, activists have said, while Tehran warned that the US military and Israel would be “legitimate targets” if America uses force to protect demonstrators. \n
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ALSO READ: Donald Trump says he and US military weighing 'strong options' on Iran\n
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From hotels to home appliances: Where Warburg Pincus is placing its India bets  \n
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Vishal Mahadevia, Managing Director, Head of Asia Private Equity and Global Co-Head of Financial Services at Warburg Pincus, said the firm’s decision to reinvest in Lemon Tree Hotels reflects deep conviction in the company’s leadership and a structural upswing in India’s hospitality sector. \n
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MeitY says no plan to seek smartphone source code from Apple or Samsung, clarifies security talks  \n
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The Ministry of Electronics and Information Technology (MeitY) has rejected reports claiming that the Centre plans to require smartphone makers, including Apple and Samsung, to share proprietary source code or alter their software. The ministry said no such mandate is under consideration and that it is only holding routine consultations on cybersecurity standards. \n
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Reliance Industries says battery manufacturing plans on track, progress within timeline  \n
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Reliance Industries announced on Monday that its plans for battery storage manufacturing were intact. This statement came in response to a Bloomberg News article stating that the conglomerate had halted ambitions to produce lithium-ion battery cells in India after failing to get Chinese technology. \n
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UK regulator launches investigation into X over Grok sexualised imagery \n
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Britain’s media regulator launched an investigation into Elon Musk’s X on Monday to determine whether sexually intimate deepfakes produced by its Grok AI chatbot violated its duty to protect people in the UK from content that could be illegal. \n
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\n We'll see you on Tuesday with another engaging 'Top 10@10.'","readDurationInMinutes":"12","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["US Envoy Gor cites India as key ally; trade talks set soon.","TCS Q3 hit by labor costs; HCLTech raises FY26 growth guidance.","Probe into Powell, Iran tensions rise, UK probes X over AI deepfakes."],"tags":["IndiaUSTrade","SergioGor","USTradePolicy","TCSEarnings","HCLTechResults","IndianInflation","JeromePowell","FederalReserve","USJusticeDepartment","IranProtests","WarburgPincus","IndiaInvestments","MeitY","SmartphoneSecurity","RelianceIndustries","BatteryManufacturing","XInvestigation","GrokAI","Deepfakes","CNBCTV18"],"consent":true,"redirectionEnabled":false}

Top Stories | India-US talks in focus, TCS earnings in line, HCLTech beats, CPI inches up and more

SUMMARY