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What is the story about?
India’s economic growth outlook firmed up as the government released the first advance estimates of GDP for FY26, pegging real growth at 7.4%, higher than last year’s 6.5%. Services remained the key growth engine, pushing real GVA growth to 7.3%, even as nominal GDP growth came in slightly below market expectations, a data point closely watched ahead of the Union Budget.
Markets shook off intraday volatility to end near the flatline, with broader indices once again outperforming benchmarks. The Nifty 50 held above the 26,100 mark, supported by strength in midcaps, even as select heavyweight stocks capped gains for the frontline indices.
Globally, trade and geopolitics stayed in focus. US President Donald Trump said Prime Minister Narendra Modi was “not that happy” over tariffs imposed by Washington, while also claiming the US would receive 30–50 million barrels of oil from Venezuela at market prices. In corporate news, Warner Bros Discovery rejected Paramount Skydance’s revised takeover bid, calling it a risky leveraged buyout. At the same time, Elon Musk’s xAI raised $20 billion in a funding round backed by Nvidia and sovereign wealth funds.
Back home, the government signalled a fresh capex push ahead of the Budget by unveiling a three-year PPP project pipeline. At the same time, political ripples emerged in Maharashtra after the BJP tied up with Congress in the Ambernath civic body, sidelining the Eknath Shinde-led Shiv Sena. This alliance has sparked sharp reactions across party lines.
India FY26 GDP first advance estimates see real growth at 7.4%, nominal GDP misses poll
India’s first advance estimates of gross domestic product, the first formal step towards framing the Union Budget, peg real GDP growth at 7.4% in FY26, up from 6.5% in FY25. The momentum was driven by buoyant performance in the services sector, which helped real gross value added (GVA) growth rise to 7.3% in FY26, compared with 6.4% a year earlier.
Read More
Market recovers to close near flat; Nifty holds 26,100 as Midcaps outperform
The equity benchmark indices BSE Sensex and NSE Nifty staged a recovery from intraday lows to end near the flatline on Wednesday (January 7), with broader markets outperforming benchmark indices. The Nifty 50 managed to hold above the 26,100 mark despite pressure from select heavyweight stocks, while midcap shares supported overall market breadth.
Read More
PM Modi 'not that happy with me' because they are paying a lot of tariffs: Donald Trump
US President Donald Trump on Tuesday said that Prime Minister Narendra Modi is "not that happy with me" because of the tariffs imposed by Washington on Delhi for its purchases of Russian oil.
Read More
Govt signals capex push ahead of Budget with new three-year PPP pipeline
Ahead of the Union Budget, the government has signalled a renewed thrust on capital expenditure by unveiling a three-year public-private partnership (PPP) project pipeline aimed at attracting private sector investment.
Read More
Trump says US to get 30-50 million barrels of oil from Venezuela at market price
President Donald Trump has said on his social media site that “Interim Authorities” in Venezuela would be providing 30 million to 50 million barrels of “High Quality” oil to the US at its market price
Read More
Warner Bros rejects revised Paramount bid as risky leveraged buyout
Warner Bros Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject.
Read More
KPIT Tech remains JPMorgan's biggest "overweight"; Here's why
https://www.youtube.com/watch?v=oj2SNZxN4nc
KPIT Technologies continues to be JPMorgan's biggest 'Overweight' bet in the auto engineering and R&D space, even as the global brokerage upgraded its stance on Tata Technologies and Tata Elxsi.
Read More
Elon Musk’s xAI closes $20 billion funding with Nvidia backing
The Qatar Investment Authority, Valour Equity Partners, Nvidia Corp., and other investors concluded a $20 billion investment round for Elon Musk's artificial intelligence business, xAI.
Read More
BJP allies with Congress in Ambernath civic body to keep Shinde's Shiv Sena out
In an unusual political development, the Bharatiya Janata Party (BJP) joined hands with the Congress to form the ruling alliance in the Ambernath Municipal Council in Thane district, effectively keeping the Eknath Shinde-led Shiv Sena out of power.
Read More
CCI seeks replies from steel firms after cartel probe, no ruling yet: Sources
India’s competition watchdog has not passed any ruling on allegations of cartelisation against steel companies, despite its investigation arm flagging concerns, CNBC-TV18 sources said.
Read More
Markets shook off intraday volatility to end near the flatline, with broader indices once again outperforming benchmarks. The Nifty 50 held above the 26,100 mark, supported by strength in midcaps, even as select heavyweight stocks capped gains for the frontline indices.
Globally, trade and geopolitics stayed in focus. US President Donald Trump said Prime Minister Narendra Modi was “not that happy” over tariffs imposed by Washington, while also claiming the US would receive 30–50 million barrels of oil from Venezuela at market prices. In corporate news, Warner Bros Discovery rejected Paramount Skydance’s revised takeover bid, calling it a risky leveraged buyout. At the same time, Elon Musk’s xAI raised $20 billion in a funding round backed by Nvidia and sovereign wealth funds.
Back home, the government signalled a fresh capex push ahead of the Budget by unveiling a three-year PPP project pipeline. At the same time, political ripples emerged in Maharashtra after the BJP tied up with Congress in the Ambernath civic body, sidelining the Eknath Shinde-led Shiv Sena. This alliance has sparked sharp reactions across party lines.
India FY26 GDP first advance estimates see real growth at 7.4%, nominal GDP misses poll
India’s first advance estimates of gross domestic product, the first formal step towards framing the Union Budget, peg real GDP growth at 7.4% in FY26, up from 6.5% in FY25. The momentum was driven by buoyant performance in the services sector, which helped real gross value added (GVA) growth rise to 7.3% in FY26, compared with 6.4% a year earlier.
Read More
Market recovers to close near flat; Nifty holds 26,100 as Midcaps outperform
The equity benchmark indices BSE Sensex and NSE Nifty staged a recovery from intraday lows to end near the flatline on Wednesday (January 7), with broader markets outperforming benchmark indices. The Nifty 50 managed to hold above the 26,100 mark despite pressure from select heavyweight stocks, while midcap shares supported overall market breadth.
Read More
PM Modi 'not that happy with me' because they are paying a lot of tariffs: Donald Trump
US President Donald Trump on Tuesday said that Prime Minister Narendra Modi is "not that happy with me" because of the tariffs imposed by Washington on Delhi for its purchases of Russian oil.
Read More
Govt signals capex push ahead of Budget with new three-year PPP pipeline
Ahead of the Union Budget, the government has signalled a renewed thrust on capital expenditure by unveiling a three-year public-private partnership (PPP) project pipeline aimed at attracting private sector investment.
Read More
Trump says US to get 30-50 million barrels of oil from Venezuela at market price
President Donald Trump has said on his social media site that “Interim Authorities” in Venezuela would be providing 30 million to 50 million barrels of “High Quality” oil to the US at its market price
Read More
Warner Bros rejects revised Paramount bid as risky leveraged buyout
Warner Bros logo representing the Hollywood studio producing the upcoming Hello Kitty movie set for release in US theatres on July 21, 2028.
Warner Bros Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject.
Read More
KPIT Tech remains JPMorgan's biggest "overweight"; Here's why
https://www.youtube.com/watch?v=oj2SNZxN4nc
KPIT Technologies continues to be JPMorgan's biggest 'Overweight' bet in the auto engineering and R&D space, even as the global brokerage upgraded its stance on Tata Technologies and Tata Elxsi.
Read More
Elon Musk’s xAI closes $20 billion funding with Nvidia backing
The Qatar Investment Authority, Valour Equity Partners, Nvidia Corp., and other investors concluded a $20 billion investment round for Elon Musk's artificial intelligence business, xAI.
Read More
BJP allies with Congress in Ambernath civic body to keep Shinde's Shiv Sena out
Flags of Congress and BJP
In an unusual political development, the Bharatiya Janata Party (BJP) joined hands with the Congress to form the ruling alliance in the Ambernath Municipal Council in Thane district, effectively keeping the Eknath Shinde-led Shiv Sena out of power.
Read More
CCI seeks replies from steel firms after cartel probe, no ruling yet: Sources
India’s competition watchdog has not passed any ruling on allegations of cartelisation against steel companies, despite its investigation arm flagging concerns, CNBC-TV18 sources said.
Read More
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