/images/ppid_59c68470-image-177005003551689795.webp)
What is the story about?
The day’s developments were shaped by key Budget reactions, market moves and policy signals. Finance Minister Nirmala Sitharaman defended the Union Budget 2026, rejecting Opposition allegations that certain states had been ignored and reiterating that the government remains focused on policy continuity amid global uncertainty. Markets, meanwhile, saw a volatile session, with benchmark indices ending at the day’s high after sharp intraday swings, tracking global cues.
Currency and bond markets remained in focus, with the rupee opening stronger against the US dollar and government bond yields firming, as investors assessed liquidity conditions and central bank actions.
On the policy front, India-US trade talks continued on a positive footing, though officials indicated that progress towards a comprehensive free trade agreement would take time. The government also pushed back against concerns over its disinvestment plans, maintaining confidence in the ₹80,000 crore target, while reaffirming its commitment to fiscal federalism through the 41% tax devolution to states.
In corporate news, PB Fintech’s board moved to consider a QIP fundraise, private equity interest surfaced in the housing finance space, and the Budget session of Parliament saw fresh political exchanges.
Stay with us for all the latest updates and expert takes—there’s plenty to unpack!
Exclusive | FM Sitharaman defends budget amid global uncertainty, rejects TN ‘ignored’ charge
Finance Minister Nirmala Sitharaman has defended the Union Budget 2026–27 against criticism from Opposition-ruled states, arguing that policy continuity has remained intact despite an increasingly volatile global environment.
Read More Here
Also Read:'Not indifferent to rupee-dollar exchange rate,' says FM Sitharaman; Gold gains on global risks
Rupee opens 22 paise stronger; 10-year bond yields rise to one-year high
The Indian rupee opened 22 paise stronger on Monday (January 2) at 91.76 against the US dollar, as the 10-year government bond yield rose eight basis points to a one-year high of 6.78%. Market participants said the Reserve Bank of India (RBI) was reportedly selling dollars offshore to support the local currency amid volatility.
Read More Here
India-US trade talks remain positive but no fast FTA: Commerce Secretary
India and the United States remain positively engaged in trade discussions, but progress toward a larger bilateral free trade agreement (FTA) will take time, India’s Commerce Secretary, Rajesh Agrawal, said at the CNBC-TV18 Budget 2026 Verdict event.
Read More Here
Disinvestment mojo intact, ₹80,000 cr not scary, says DIPAM secy; more OFSs, QIPs ahead
The government has not lost its disinvestment mojo and remains on track, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said, pushing back against concerns over the pace of asset sales.
Read More Here
Budget 2026 signals stronger fiscal federalism as centre retains 41% tax devolution: Expenditure Secretary
Union Budget 2026 reinforces India’s commitment to fiscal federalism, with the Centre maintaining the 41% share of the divisible tax pool for states, Expenditure Secretary V Vualnam said in an exclusive interview with CNBC-TV18.
Read More Here
PB Fintech board to consider QIP fundraise on February 5
PB Fintech Ltd’s board of directors has decided to explore a fund-raising proposal as part of the company’s strategy to complement its organic growth through selective inorganic opportunities, CNBC-TV18 reported.
Read More Here
Exclusive | Advent in advanced talks to invest $300 million in Aditya Birla Housing Finance
Private equity major Advent International is learnt to be in advanced discussions to infuse around $300 million into Aditya Birla Housing Finance, according to people familiar with the matter. If concluded, this would mark one of the larger single-ticket private equity investments in India’s housing finance space in recent years.
Read More Here
‘What is scaring the government?’ asks Rahul Gandhi after Rajnath Singh, Amit Shah object over Doklam remarks
The Parliament Budget session on Monday, February 2, witnessed chaos after Rahul Gandhi brought up the Doklam issue and tried to quote a memoir by former Chief of Army Staff (COAS) General MM Naravane.
Read More Here
Beyond #Newsroom
Follow the CNBC-TV18 channel on WhatsApp
Catch crispy news updates on the go! - CNBCTV18 Minis
Watch all #videos under one segment- CNBCTV18 Binge
We bring you real-time updates and analysis of the stock market - Real-time market updates
We'll see you on Tuesday with another engaging 'Top 10@10.'
Currency and bond markets remained in focus, with the rupee opening stronger against the US dollar and government bond yields firming, as investors assessed liquidity conditions and central bank actions.
On the policy front, India-US trade talks continued on a positive footing, though officials indicated that progress towards a comprehensive free trade agreement would take time. The government also pushed back against concerns over its disinvestment plans, maintaining confidence in the ₹80,000 crore target, while reaffirming its commitment to fiscal federalism through the 41% tax devolution to states.
In corporate news, PB Fintech’s board moved to consider a QIP fundraise, private equity interest surfaced in the housing finance space, and the Budget session of Parliament saw fresh political exchanges.
Stay with us for all the latest updates and expert takes—there’s plenty to unpack!
Exclusive | FM Sitharaman defends budget amid global uncertainty, rejects TN ‘ignored’ charge
Finance Minister Nirmala Sitharaman has defended the Union Budget 2026–27 against criticism from Opposition-ruled states, arguing that policy continuity has remained intact despite an increasingly volatile global environment.
Read More Here
Also Read:'Not indifferent to rupee-dollar exchange rate,' says FM Sitharaman; Gold gains on global risks
Rupee opens 22 paise stronger; 10-year bond yields rise to one-year high
The Indian rupee opened 22 paise stronger on Monday (January 2) at 91.76 against the US dollar, as the 10-year government bond yield rose eight basis points to a one-year high of 6.78%. Market participants said the Reserve Bank of India (RBI) was reportedly selling dollars offshore to support the local currency amid volatility.
Read More Here
India-US trade talks remain positive but no fast FTA: Commerce Secretary
India and the United States remain positively engaged in trade discussions, but progress toward a larger bilateral free trade agreement (FTA) will take time, India’s Commerce Secretary, Rajesh Agrawal, said at the CNBC-TV18 Budget 2026 Verdict event.
Read More Here
Disinvestment mojo intact, ₹80,000 cr not scary, says DIPAM secy; more OFSs, QIPs ahead
The government has not lost its disinvestment mojo and remains on track, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said, pushing back against concerns over the pace of asset sales.
Read More Here
Budget 2026 signals stronger fiscal federalism as centre retains 41% tax devolution: Expenditure Secretary
Union Budget 2026 reinforces India’s commitment to fiscal federalism, with the Centre maintaining the 41% share of the divisible tax pool for states, Expenditure Secretary V Vualnam said in an exclusive interview with CNBC-TV18.
Read More Here
PB Fintech board to consider QIP fundraise on February 5
PB Fintech Ltd’s board of directors has decided to explore a fund-raising proposal as part of the company’s strategy to complement its organic growth through selective inorganic opportunities, CNBC-TV18 reported.
Read More Here
Exclusive | Advent in advanced talks to invest $300 million in Aditya Birla Housing Finance
Private equity major Advent International is learnt to be in advanced discussions to infuse around $300 million into Aditya Birla Housing Finance, according to people familiar with the matter. If concluded, this would mark one of the larger single-ticket private equity investments in India’s housing finance space in recent years.
Read More Here
‘What is scaring the government?’ asks Rahul Gandhi after Rajnath Singh, Amit Shah object over Doklam remarks
The Parliament Budget session on Monday, February 2, witnessed chaos after Rahul Gandhi brought up the Doklam issue and tried to quote a memoir by former Chief of Army Staff (COAS) General MM Naravane.
Read More Here
Beyond #Newsroom
Follow the CNBC-TV18 channel on WhatsApp
Catch crispy news updates on the go! - CNBCTV18 Minis
Watch all #videos under one segment- CNBCTV18 Binge
We bring you real-time updates and analysis of the stock market - Real-time market updates
We'll see you on Tuesday with another engaging 'Top 10@10.'
/images/ppid_a911dc6a-image-177005082742714814.webp)
/images/ppid_59c68470-image-177005002714070328.webp)
