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Amid the noise, the International Monetary Fund offered some reassurance on growth. The IMF raised India’s growth forecast for the current fiscal year to 7.3% and nudged up its global growth outlook to 3.3% for 2026, even as it flagged tariffs and potential market disruptions linked to artificial intelligence as key risks.
Back home, markets struggled to find direction. The Sensex and Nifty closed lower after heavyweight Q3 earnings failed to impress, with most sectoral indices ending in the red. The rupee weakened further against the dollar, inching closer to the 91 mark. Ola Electric said its Chief Financial Officer Harish Abichandani has resigned, with the board appointing Deepak Rastogi as the new CFO.
Axis Bank CEO Amitabh Chaudhry flagged mounting pressure on deposit mobilisation and called for sustained liquidity support from the RBI, while Indian IT leaders at Davos struck an optimistic note on AI-led growth opportunities.
Here are the top 10 stories shaping business and policy today.
Exclusive | WEF 2026: Europe ‘hysterical’ over Trump’s Greenland moves, says Ken Rogoff at Davos
Veteran economist Ken Rogoff said he has “never seen Europeans so upset” in his 25 years at the World Economic Forum, pointing to rising alarm over former US President Donald Trump’s recent geopolitical and monetary policy signals.
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Also Read: 600 protesters trek from Küblis to Davos to oppose elite power and WEF as Trump attends
Also Read:‘Fool around and find out’: Ian Bremmer on Trump’s foreign policy
European Union gears up for a $108 billion retaliation against US as tensions over Greenland burgeon
European Union ambassadors reached a broad agreement on Sunday to intensify efforts to dissuade US President Donald Trump from imposing tariffs on European allies, while also preparing retaliatory measures should the duties go ahead, EU diplomats said.
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Global growth to hold steady at 3.3% in 2026, says IMF; India seen growing at 6.4% in FY27
The global economy is expected to remain resilient despite rising uncertainties, with growth projected at 3.3% in 2026 and 3.2% in 2027, from an estimated 3.3% expansion in 2025, the International Monetary Fund said in its January 2026 World Economic Outlook Update. The projection for 2026 at 3.3% is 20 basis points higher than the October forecast, while that for 2027 is unchanged.
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Nifty breaches 25,600 as heavyweight stocks fall after Q3 results
Indian equity benchmarks closed in the red on Monday as selling pressure intensified in index heavyweights following a fresh round of Q3 earnings, dragging the Nifty below the 25,600 mark.
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IndiGo shares gain over 4% after DGCA fine; Jefferies highlights the next areas of focus
Shares of Interglobe Aviation Ltd., the parent company of IndiGo, surged as much as 5% on Monday, January 19, after brokerage firm Jefferies raised its price target on the stock.
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Davos 2026 | Axis Bank CEO flags deposit stress amid faster credit growth, seeks RBI liquidity push
Amitabh Chaudhry, Managing Director and CEO of Axis Bank, on Monday, January 19, cautioned that deposit mobilisation in India will remain a “hard grind,” even as credit growth gathers pace, underscoring the need for sustained liquidity support from the Reserve Bank of India (RBI).
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Ola Electric CFO H Abichandani resigns; board OKs Deepak Rastogi as CFO
Ola Electric on Monday said its board has approved the appointment of Deepak Rastogi as the company’s chief financial officer, with effect from January 20, 2026.
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Davos 2026 | HCLTech’s AI revenue could surge to $2.5 billion as ‘AI factory’ and physical AI open new growth engines
Artificial intelligence has decisively shifted from being a perceived threat to a powerful growth driver for India’s IT services industry, and HCLTech believes it is already ahead of the curve. Riding on its early investments, the company expects its advanced AI-led businesses—virtually non-existent a few years ago—to scale up to $2–2.5 billion in revenue over the next two to three years, according to Managing Director and CEO C Vijayakumar.
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Also Read: Tech Mahindra shares gain on Q3 results; third analyst projects stock target above ₹2,000
Suzlon appoints Paulo Soares as President for Europe to accelerate overseas growth
Suzlon Energy on Monday, January 19, announced the appointment of Paulo Fernando Soares as President – Europe, strengthening its leadership team as the company sharpens its focus on international markets amid a broader strategic reset.
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At 45, Nitin Nabin set to become BJP’s youngest president
The Bharatiya Janata Party (BJP) on Monday, January 12, confirmed that Nitin Nabin is the only candidate in the fray for the party’s national president’s post after the conclusion of the nomination process at the party headquarters in Delhi.
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We'll see you on Tuesday with another engaging 'Top 10@10’
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