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Meanwhile, the Delhi Assembly elections are set for February 5, with results expected on February 8.In corporate updates, Berger Paints is reportedly eyeing Akzo Nobel’s India stake, while Microsoft has announced a $3 billion investment in India’s AI and cloud ecosystem.
Haldiram Snacks may soon see Temasek emerge as a minority stakeholder following prolonged negotiations.Markets closed higher today, with gains led by energy and financial stocks. The Sensex surged by 234 points, while the Nifty neared 23,700. Elsewhere, the Heavy Industries Ministry supports the auto sector’s demand for a GST cut on CNG two-wheelers.
At least 95 people were killed as a 7.1 magnitude earthquake struck Tibet near the Nepal border. Meanwhile, the WEF’s Global Cooperation Barometer highlights stagnation in international collaboration amid geopolitical and economic challenges.
Stay informed with detailed coverage and real-time updates on these stories.
Advance estimates signal slowest GDP growth since pandemic, with manufacturing most impacted
India’s economy is projected to slow significantly in FY25, with the first advance estimate revealing a real GDP growth rate of 6.4%, down from 8.2% in FY24.
This marks the slowest growth rate since the pandemic, reflecting moderation across several key sectors. While agriculture is set to see a notable rise in growth to 3.8%, compared to 1.4% last year, most sectors are expected to report lower growth.
Markets end higher; Nifty rises near 23,700 led by energy and financial stock gains
The headline stock indices closed higher on Tuesday, led by broad-based buying across sectors, as heavyweights such as Reliance Industries and ICICI Bank contributed significantly to the market’s strength.
The Sensex surged by 234 points, closing at 78,199, while the Nifty gained 92 points, ending at 23,708, as investor sentiment remained positive.
Berger Paints actively looking to buy Akzo Nobel’s India stake: Exclusive
Berger Paints Ltd. is actively looking to buy Akzo Nobel’s India stake as its global promoters are looking to exit the Indian market by selling their 74.6% stake, sources with knowledge of the matter told CNBC-TV18.
The sources also said that Berger Paints’ peer companies, JSW Paints and Indigo Paints are also in the fray to acquire the stake from Akzo Nobel’s promoters.
Race for a bite of Haldiram Snacks: Temasek signs term sheet, emerges lead contender
After more than 18 months of intense, prolonged negotiations, Singapore-headquartered global investment company Temasek has edged ahead of other private equity suitors and emerged as the frontrunner to pick up a minority stake in Haldiram Snacks Foods Private Ltd, the combined FMCG business of the Delhi and Nagpur families of the Indian multinational snacks and savoury foods giant, multiple industry sources in the know told Moneycontrol.
Microsoft to invest $3 billion in India’s AI and Cloud Future: Satya Nadella
Microsoft Chairman and CEO Satya Nadella, during his keynote session at the Microsoft AI Tour in Bengaluru, announced the tech giant’s $3 billion investment to accelerate India’s AI and cloud ecosystem.
This expansion, Nadella noted, marks Microsoft’s largest-ever expansion ever done in the country. “This is the golden age for systems when it comes to innovation,” he said.
Union Budget On February 1: What can Indians expect?
The countdown to the Union budget begins. Sources tell CNBC-TV18 that the upcoming budget will focus on the depreciating rupee and supply side risks from geo-political tensions.
Here’s our live coverage on Budget expectations
MHI writes to Finance Ministry in support of auto industry demand for GST reduction: Sources
Sources say that the Heavy Industries Ministry has written to the Finance Ministry in support of the auto industry’s demand for a reduction in GST on CNG 2-wheelers. Parikshit Luthra with more details.
Delhi Elections: Voting on Feb 5 and result on Feb 8, announces EC
The Election Commission of India on Tuesday (January 7) announced that the voting in Delhi for Legislative Assembly elections will be held on February 5 (Wednesday).
The result will be declared on February 8 (Saturday).
The date of notification is January 10, and the last date of nomination is January 17. The scrutiny of nomination is on January 18 and the last date of withdrawal of nomination is January 20.
Here are the live updates on Delhi elections
At least 95 killed, 130 injured after 7.1 magnitude earthquake hits Tibet
At least 95 people were killed and 130 others were injured in a strong earthquake that struck the Tibet region near the Nepal border, officials from China told the media.
An earthquake of 7.1 magnitude hit Xizang in Tibet at 6.35 am on Tuesday (January 7) the National Center for Seismology stated in a post on social media platform X.
Explained | What caused the deadly earthquake
Global cooperation flatlines amid mounting challenges; progress on key goals lags: WEF
The World Economic Forum’s Global Cooperation Barometer 2025 reveals that international collaboration has stagnated after years of growth, with heightened geopolitical tensions and economic pressures pulling down overall cooperation levels.
Despite surpassing pre-pandemic levels, the barometer shows no significant progress in the past three years, highlighting an urgent need for adaptive and innovative leadership to address global crises and deliver tangible results.
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