Pravel Jain
After a 170% rally in MCX silver prices last year, brokerage firm Motilal Oswal has set its 2026 target at ₹3.20 lakh/kilogram, with a risk-negation level of ₹1.40 lakh. Based on the current price of around ₹2.52 lakh, this implies a potential upside of nearly 27%. Motilal Oswal said that the surge was driven by a mix of global factors.
Jan 11th, 2026

Pravel Jain
Techno Paints and Chemicals is planning to raise ₹500 crore through an IPO in the next financial year, Moneycontrol reported. The company has appointed Sachin Tendulkar as its brand ambassador for three years, a move expected to support its nationwide expansion. Techno Paints reported revenue of ₹210 crore in 2024-25 and is expecting ₹450 crore in the current financial year.
Jan 11th, 2026

Pravel Jain
India's financial intelligence agency has mandated selfie with liveness detection, geo-coordinate recording and bank verification via the 'penny-drop' method for crypto exchanges during user onboarding. The measures fall under anti-money laundering and counter-terror financing KYC protocols. The directives also discourage Initial Coin Offerings and Initial Token Offerings by the exchanges.
Jan 11th, 2026

Pravel Jain
Jio will launch a people-first AI platform built in India, for India, and the world, Reliance Industries Chairman Mukesh Ambani announced in Rajkot. The platform will enable citizens, starting from Gujarat, to access AI services in their "own language, on their own device, every day to make them more efficient", he said. Ambani vowed to make Gujarat India's AI pioneer.
Jan 11th, 2026

Ishita Ranganath
Bengaluru bench of Income Tax Appellate Tribunal (ITAT) rejected Flipkart co-founder Binny Bansal's appeal, which requested his gains in FY19-20, including $76-million from Flipkart share sale to Walmart, be tax-free due to Singapore employment. However, ITAT clarified that he didn't qualify as 'non-resident' as he spent over 60 days in India in FY19-20, reported The Times of India.
Jan 11th, 2026

Pravel Jain
State Bank of India has revised its ATM transaction charges, citing higher interchange fees. There's no change in monthly free limits, with savings account holders continuing to get five free financial and non-financial transactions at other banks' ATMs. After this, each cash withdrawal will cost ₹23 plus GST (₹21 earlier), while non-financial transactions will cost ₹11 plus GST (₹10 earlier).
Jan 11th, 2026

Pune's real estate market has seen a sudden surge, with flat prices rising by as much as ₹20 lakh within a month in several prime localities. Strong demand from IT professionals, limited ready-to-move inventory and rapid infrastructure upgrades are driving the spike. Property experts say the trend reflects growing investor confidence in Pune's housing sector.
Jan 11th, 2026

Garima Garg
The government is likely to meet its fiscal deficit target of 4.4% of GDP for FY26, and it could even better it, signalling continued fiscal discipline, PwC Partner Ranen Banerjee said. The downward revision in nominal GDP growth from 10.1% to 8% would not derail plans, he added. India had previously overachieved its FY25 deficit target of 4.8% of GDP.
Jan 11th, 2026

Girish Kumar Anshul
President Donald Trump said US could control more than half of global oil production if they regain access to Venezuela's petroleum industry. "American companies will have opportunity to rebuild Venezuela’s energy infrastructure and eventually increase oil production to levels never seen before...When you add Venezuela and US together, we've 55% of the oil in the world," Trump said.
Jan 11th, 2026

The Consumer Affairs Authority (CCPA) has fined 27 restaurants for imposing mandatory service charges without clear disclosure, ordering refunds and penalties. The action aims to protect diners from hidden or compulsory fees and reinforce that such charges must be voluntary and transparent. Restaurants must now clearly communicate service fees on menus and bills.
Jan 11th, 2026

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