Top10@10 | Infosys Q3 results, India-US trade talks, BMC polls tomorrow and more

Global cues remain tense and layered. From Washington to West Asia, geopolitics and trade are again shaping the economic narrative.

US President Donald Trump’s sharp rhetoric on Iran has revived fears of a wider regional conflict, with former diplomat Anil Trigunayat warning of serious fallout for the Gulf and Indian interests.

At the same time, China’s trade surplus has jumped to a record $1.2 trillion in 2025, even as exporters adapt to an intensifying tariff war with the US. The World Economic Forum has also flagged rising trade barriers and unintended AI risks as key threats to global business this year.

Back home, diplomacy and politics are in focus. External Affairs Minister S Jaishankar has spoken with US Secretary of State Marco Rubio on trade, defence, critical minerals, nuclear cooperation and energy, as India and the US push towards a $500 billion trade relationship.

On the political front, Maharashtra heads into a crucial civic phase, with voting due on January 15 across 29 municipal corporations, including the long-delayed Brihanmumbai Municipal Corporation elections.

Corporate India offered mixed but telling signals. Infosys raised its FY26 constant-currency revenue growth guidance to 3–3.5%, pointing to improved demand visibility, even as higher labour code costs weighed on margins.

The IT major also reported its strongest net headcount addition in nearly three years. Elsewhere, Mercedes-Benz’s move to locally produce the Maybach GLS underlines India’s rising clout in the global luxury market, while telecom operators have moved TRAI over a connectivity dispute at the Navi Mumbai International Airport.

Looking ahead, deeper structural themes are coming to the fore. Former Infosys CEO Vishal Sikka cautioned that India has a narrow window to reposition itself for an AI-led future. Meanwhile, fresh data suggests Q3FY26 could be a key stress test for the consumption recovery story, beyond headline GDP numbers.

Infosys Q3 Results: FY26 constant currency revenue growth guidance raised; Labor code impacts profit



Technology services bellwether Infosys Ltd. has raised its revenue growth for financial year 2026 to be between 3% to 3.5% in constant currency terms. This is in comparison to its earlier guidance of 2% to 3% growth.

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Also Read: Infosys headcount hits 11-quarter high with 5,043 additions in Q3

Jaishankar, Rubio discuss trade, critical minerals and energy amid India-US $500 billion trade push



External Affairs Minister S Jaishankar on Tuesday (January 13) held a phone conversation with US Secretary of State Marco Rubio, with discussions focusing on trade, critical minerals, nuclear cooperation, defence, and energy.

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Trump’s Iran rhetoric complicates crisis, raises risk of regional war: Former diplomat Trigunayat



US President Donald Trump’s strong public backing for protesters in Iran has further complicated an already volatile crisis and raised the risk of a wider regional conflict, former Indian diplomat Anil Trigunayat said in an interview to CNBC-TV18, warning that any military escalation would destabilise the Gulf and hurt key Indian interests.

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China’s trade surplus surges to a record $1.2 trillion in 2025 despite Trump's tariff war



China's trade surplus reached $1.2 trillion in 2025, continuing a record streak as exporters sought out markets outside of the US due to Trump's tariff battle.

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India has a short window to transform for an AI-led future: Vishal Sikka



Vishal Sikka believes India is standing at a rare turning point in the global artificial intelligence race — and that the time to act is limited. “We have a short window of time in which to transform from the previous way of doing things to an AI-led way of doing things,” the Vianai CEO told CNBC-TV18.

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The anatomy of India’s consumer sector: Has policy finally met behaviour?



The third quarter of the financial year ending March 2026 (Q3FY26) matters less for the headline GDP number and more for what it reveals beneath it. it is the first real stress test of India’s consumption recovery story, arriving alongside the festive season and months after the government had already exhausted most of its conventional demand levers.

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Monopoly or pricing issue? Telcos move TRAI against NMIAL over connectivity row

TRAI

The face-off between telecom operators and Adani-backed Navi Mumbai International Airport Ltd (NMIAL) has intensified, with telcos moving to the Telecom Regulatory Authority of India (TRAI) over the lack of mobile connectivity at the newly operational airport and the rates being sought for telecom infrastructure.

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Mercedes-Benz to locally produce Maybach GLS in India, cut price by over ₹40 lakh



Mercedes-Benz India will begin local production of its ultra-luxury Mercedes-Maybach GLS, a move that will significantly reduce prices for Indian buyers and underscore India’s growing importance in the global luxury car market.

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BMC elections 2026: Schedule, voting time, polling hours and result date



After nearly three years of delay, elections to the Brihanmumbai Municipal Corporation (BMC) will take place on Thursday. The State Election Commission (SEC) has confirmed that polling for 29 municipal corporations across Maharashtra, including Mumbai’s civic body, will take place in a single phase on January 15, 2026. Voting will be held across all 227 wards in Greater Mumbai.

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