What is the story about?
It’s been a whirlwind week for markets and geopolitics. The Indian rupee slid to yet another record low, sinking past 91.9 and inching dangerously close to the 92‑mark. Equities didn’t offer any comfort either. The Sensex and Nifty wrapped up their worst week in four months, wiping out a massive ₹15 lakh crore in market value. Adani Group stocks led the decline, while the Nifty barely managed to hang above 25,000.
Sensing the stress, the RBI stepped in with a big liquidity boost, announcing over ₹2 lakh crore of injections through a bond auction and a $10‑billion forex swap scheduled for February 4. On the trade front, a 90‑member EU delegation lands in India to push the long‑pending FTA, even as the EU withdraws export benefits on a large chunk of Indian shipments—something New Delhi insists won’t hurt.
Globally, there was a rare diplomatic moment with the US, Ukraine and Russia holding their first trilateral meeting since the war began. Bank of America’s CEO stayed bullish on India and the US economy, TikTok finally sealed a joint venture for its American operations, and back home, Cipla’s weak Q3 contrasted with IndusInd Bank’s return to profit.
Rupee hits all-time low despite brief recovery attempts
The Indian rupee fell to an all-time low of 91.93 against the US dollar on Friday (January 23), as strong dollar demand from corporates and importers continued to weigh on the currency, despite some improvement in global risk sentiment.
Read More
BSE-listed cos shed another ₹16 lakh crore in market cap this week as rout continues
The equity benchmark indices BSE Sensex and NSE Nifty ended the week on a weak note, with benchmark indices closing lower and broader markets recording their biggest weekly fall in the last four months. Selling pressure remained widespread through the week, weighing on investor sentiment.
Read More
Top EU Leaders In India: Conclusion of FTA talks, signing of security & partnership to be focus
EU Council and Commission presidents will visit India till January 28 for a state visit. Key highlights include the expected conclusion of FTA talks, signing of a security and defence partnership agreement, Republic Day participation by an EU military contingent, and adoption of a joint strategic agenda for 2026–2030.
US, Ukraine and Russia to hold two days of trilateral meetings in UAE starting today
The United States, Ukraine and Russia are set to hold two days of trilateral meetings in the Emirates starting Friday (January 23) to bring an end to the nearly four-year-long war.
Read More
Davos 2026 | Bank of America CEO sees US growth beating expectations this year
https://youtube.com/shorts/mwJ73tekDuA?si=eLi7aJ2y9Qvp2WpJ
Bank of America Chairman and CEO Brian Moynihan said the US economy is likely to expand by 2.8% in 2026, ahead of market expectations, as consumer spending remains resilient even amid tariff-related uncertainty.
Read MoreAlso Read: Bank of America CEO says AI spending will drive returns in 2026, bullish on India growth
Cipla Q3 Results: Stock falls over 4% after US sales narrow, margins hit
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹1,255 crore compared to ₹1,989 crore last year, a 36.7% drop, and well below the CNBC-TV18 poll estimate of ₹1,696 crore.
Read More
IndusInd Bank Q3: Provisions surge even as NII tops estimates, NPAs stay stable
IndusInd Bank reported a sharply improved financial performance for the third quarter (October-December), posting results that comfortably beat Street expectations. The lender reported a net profit of ₹128 crore, much higher than the CNBC-TV18 poll estimate of ₹42 crore. However, on a year‑on‑year (YoY) basis, profit fell 90% from ₹1,402 crore due to elevated provisioning.
Read More
India may build America's military workhorse as Lockheed eyes C-130J assembly
US defence major Lockheed Martin is considering setting up a final assembly line for its C-130J Super Hercules military transport aircraft in India, a move that would mark the company’s first such facility outside the United States, senior company executive Robert Toth said.
Read More
Donald Trump sues JPMorgan's Jamie Dimon for $5 billion over 'debanking' accusations
President Donald Trump filed a lawsuit for at least $5 billion against JPMorgan Chase & Co. and its CEO, Jamie Dimon, alleging that the lender had stopped providing banking services to him and his companies due to political reasons.
Read More
Also Read: Trump withdraws invite to Canada PM Carney for Gaza Board of Peace
TikTok finalises deal to form new US entity, Trump thanks Xi Jinping
The social media firm TikTok has finalised a long-anticipated agreement to establish a new United States-based entity, easing the threat of a nationwide ban that has loomed over the short-video platform for several years.
Read More
We'll see you on Tuesday with another engaging 'Top 10@10’
Sensing the stress, the RBI stepped in with a big liquidity boost, announcing over ₹2 lakh crore of injections through a bond auction and a $10‑billion forex swap scheduled for February 4. On the trade front, a 90‑member EU delegation lands in India to push the long‑pending FTA, even as the EU withdraws export benefits on a large chunk of Indian shipments—something New Delhi insists won’t hurt.
Globally, there was a rare diplomatic moment with the US, Ukraine and Russia holding their first trilateral meeting since the war began. Bank of America’s CEO stayed bullish on India and the US economy, TikTok finally sealed a joint venture for its American operations, and back home, Cipla’s weak Q3 contrasted with IndusInd Bank’s return to profit.
Rupee hits all-time low despite brief recovery attempts
The Indian rupee fell to an all-time low of 91.93 against the US dollar on Friday (January 23), as strong dollar demand from corporates and importers continued to weigh on the currency, despite some improvement in global risk sentiment.
Read More
BSE-listed cos shed another ₹16 lakh crore in market cap this week as rout continues
The equity benchmark indices BSE Sensex and NSE Nifty ended the week on a weak note, with benchmark indices closing lower and broader markets recording their biggest weekly fall in the last four months. Selling pressure remained widespread through the week, weighing on investor sentiment.
Read More
Top EU Leaders In India: Conclusion of FTA talks, signing of security & partnership to be focus
EU Council and Commission presidents will visit India till January 28 for a state visit. Key highlights include the expected conclusion of FTA talks, signing of a security and defence partnership agreement, Republic Day participation by an EU military contingent, and adoption of a joint strategic agenda for 2026–2030.
US, Ukraine and Russia to hold two days of trilateral meetings in UAE starting today
The United States, Ukraine and Russia are set to hold two days of trilateral meetings in the Emirates starting Friday (January 23) to bring an end to the nearly four-year-long war.
Read More
Davos 2026 | Bank of America CEO sees US growth beating expectations this year
https://youtube.com/shorts/mwJ73tekDuA?si=eLi7aJ2y9Qvp2WpJ
Bank of America Chairman and CEO Brian Moynihan said the US economy is likely to expand by 2.8% in 2026, ahead of market expectations, as consumer spending remains resilient even amid tariff-related uncertainty.
Read MoreAlso Read: Bank of America CEO says AI spending will drive returns in 2026, bullish on India growth
Cipla Q3 Results: Stock falls over 4% after US sales narrow, margins hit
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹1,255 crore compared to ₹1,989 crore last year, a 36.7% drop, and well below the CNBC-TV18 poll estimate of ₹1,696 crore.
Read More
IndusInd Bank Q3: Provisions surge even as NII tops estimates, NPAs stay stable
IndusInd Bank reported a sharply improved financial performance for the third quarter (October-December), posting results that comfortably beat Street expectations. The lender reported a net profit of ₹128 crore, much higher than the CNBC-TV18 poll estimate of ₹42 crore. However, on a year‑on‑year (YoY) basis, profit fell 90% from ₹1,402 crore due to elevated provisioning.
Read More
India may build America's military workhorse as Lockheed eyes C-130J assembly
US defence major Lockheed Martin is considering setting up a final assembly line for its C-130J Super Hercules military transport aircraft in India, a move that would mark the company’s first such facility outside the United States, senior company executive Robert Toth said.
Read More
Donald Trump sues JPMorgan's Jamie Dimon for $5 billion over 'debanking' accusations
President Donald Trump filed a lawsuit for at least $5 billion against JPMorgan Chase & Co. and its CEO, Jamie Dimon, alleging that the lender had stopped providing banking services to him and his companies due to political reasons.
Read More
Also Read: Trump withdraws invite to Canada PM Carney for Gaza Board of Peace
TikTok finalises deal to form new US entity, Trump thanks Xi Jinping
The social media firm TikTok has finalised a long-anticipated agreement to establish a new United States-based entity, easing the threat of a nationwide ban that has loomed over the short-video platform for several years.
Read More
We'll see you on Tuesday with another engaging 'Top 10@10’
