On the markets front, the Sensex and Nifty continue their winning streak, the rupee’s still hovering near record lows and gold is unstoppable, hitting yet another record high. Meanwhile, the World Bank has tweaked its India GDP outlook: 6.5% growth for FY26 but a slight dip to 6.3% next year, blaming US tariff pressures.
In corporate news, PayPal CEO Alex Chriss is all praise for India’s fintech dominance, calling the country a global innovation hub. IndusInd Bank’s Rajiv Anand, in an exclusive chat, admits it’ll take three years to fully rebuild trust after its accounting setback.
Finally, some good news for employees; a new Aon survey projects a 9% salary hike across India Inc in 2026, with attrition at a three-year low.
Exclusive | Govt cannot be silent spectator to coup attempt within Tata Trusts: Sources
The government has taken note of escalating tensions within Tata Trusts — which holds a majority stake in Tata Sons — and is preparing to intervene as the rift among trustees intensifies, sources told CNBC-TV18. According to sources, Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran are likely to meet senior government officials later today to discuss the governance crisis. The meeting is expected to include top Cabinet ministers, amid concern that the tussle could affect the functioning of Tata Sons and the broader Tata Group.
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Stocks end higher for fourth straight day led by gains in Reliance, rail stocks
The stock market closed higher on Tuesday, extending gains for a fourth straight session, though profit-taking in select banking and consumer stocks capped broader market advances. The NSE Nifty 50 rose 31 points, or 0.12%, to 25,108, while the S&P BSE Sensex gained 137 points, or 0.17%, to close at 81,927. Despite the upmove, market breadth favoured declines, with mid- and small-cap stocks showing mixed trends. The Nifty Midcap 100 climbed 274 points to 58,289.
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World Bank trims India’s FY27 growth forecast on US tariffs; ups China outlook
The World Bank on Tuesday warned that higher US tariffs on Indian exports are likely to slow South Asia’s growth next year, even as it raised forecasts for India and China for FY26. The lender revised India’s growth projection for FY26 to 6.5%, up from 6.3% estimated in June, citing strong public investment and resilient domestic demand.
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US govt shutdown has slowed India-USA trade deal talks, but 6th round likely soon: Piyush Goyal
India’s trade discussions with the United States have been affected by the ongoing government shutdown in Washington, Commerce and Industry Minister Piyush Goyal said on Tuesday. “There is a possibility of a sixth round of talks with the US soon. Due to the government shutdown in the US, we have to see when the next round of talks can take place,” Goyal said.
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PayPal CEO pushes for end-to-end commerce with AI and personalisation | Global Fintech Fest 2025
PayPal is tapping into personalisation as a strategy, as the global fintech firm eyes the market for end-to-end commerce while it moves beyond just enabling payments which it set out to solve over two decades ago.
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Rajiv Anand outlines four-step plan to rebuild IndusInd Bank & restore investor confidence
Forty-five days into his tenure as MD & CEO of IndusInd Bank, Rajiv Anand has already laid out a clear vision for reviving the lender after a turbulent period. Anand highlighted the foundations of the bank as strong and shared his priorities: rebuilding trust with stakeholders, regaining business momentum, building a profitable and balanced franchise, and unlocking productivity through fintech innovations.
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Textile sector in Tamil Nadu hit by tariffs, awaiting Delhi's response: TRB Rajaa
Tamil Nadu’s Industries Minister TRB Rajaa has requested the central government to come in and support the state’s textile sector, which has been hit hard by recent tariff measures. However, he clarified that this is no time for politics and that the state stands fully with Delhi on the trade tensions with the US that is ongoing.
"The textile sector in Tamil Nadu has been hit very hard. We are regrouping and trying to help them in every possible way. We were the first state to convene meetings with industry representatives, and our Chief Minister wrote to the Prime Minister. We’re still awaiting a response from Delhi," Rajaa said.
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Drug Controller recommends Sresan Pharma's licence cancellation after high DEG levels found in cough syrups
In the wake of the tragic deaths of several children suspected to be linked to the consumption of contaminated cough syrup, the central and state drug regulators have swung into action.
Sources told CNBC-TV18 that a series of tests conducted over the past few days have confirmed the presence of diethylene glycol (DEG)—a toxic industrial solvent—in certain cough syrup samples, leading the Drug Controller General of India (DCGI) under the Central Drugs Standard Control Organisation (CDSCO) to recommend the cancellation of Sresan Pharma’s manufacturing licence.
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In Pics: Two years of Israel-Gaza war and its human toll
For two years, Israel and Gaza have been caught in a relentless cycle of violence. Cities reduced to rubble, families torn apart, and thousands of lives lost mark this ongoing conflict. Here's a look at the human cost of the war, from moments of grief and despair to fleeting glimpses of hope.
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India Inc to hand out 9% pay hike in 2026, led by real estate and NBFCs: Aon Report
India Inc is expected to roll out an average salary increase of around nine percent in 2026, according to Aon’s latest Salary Increase Survey. The survey reflects a cautiously optimistic sentiment among employers as they balance strong domestic demand with global economic uncertainty.
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