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NEWS

Apple supplier Pegatron targets March-end completion of first U.S. factory in Texas

By Cygnus | 23 Jan 2026

Apple supplier Pegatron expects its first U.S. factory in Texas to be completed by end-March 2026, with trial production planned for late March or April.

Indian Patent Office rejects AbbVie patent bid for cancer drug Venetoclax; generics may enter market

By Cygnus | 23 Jan 2026

The Indian Patent Office rejected AbbVie’s patent application for cancer drug Venetoclax (Venclexta), a decision expected to ease the entry of lower-cost generics.

India antitrust probe links Tata Steel, JSW to alleged steel cartel via WhatsApp chats

By Axel Miller | 23 Jan 2026

India’s competition watchdog linked Tata Steel, JSW Steel, SAIL and RINL to alleged price coordination and production cuts using WhatsApp chats and production data, Reuters reported.

Godrej Industries explores consumer, animal feed acquisitions as valuations stay high

By Axel Miller | 23 Jan 2026

Godrej Industries is exploring acquisitions in consumer goods and animal feed, Group Chair Nadir Godrej said at Davos, as India’s dealmaking momentum and growth outlook stay strong.

Renault bets on Duster revival to rebuild India business with premium SUV push

By Cygnus | 23 Jan 2026

Renault will revive the Duster SUV in India on Jan 26, 2026 as part of a premium-led strategy, backed by full control of its Chennai plant and a wider product push.

Indian rupee hits fresh record low as importer dollar demand weighs

By Cygnus | 23 Jan 2026

The Indian rupee hit a fresh record low on Jan 23, 2026 as importer dollar demand and global risk-off sentiment weighed on the currency despite RBI efforts.

Supreme Court issues fresh notice to Anil Ambani, ADAG in PIL alleging ₹1.5 lakh crore fraud

By Axel Miller | 23 Jan 2026

The Supreme Court issued fresh notice to Anil Ambani and ADAG in a PIL alleging a ₹1.5 lakh crore banking fraud and sought sealed status reports from the CBI and ED.

India targets $1.3 trillion goods exports by 2035 with deregulation-led manufacturing push

By Cygnus | 23 Jan 2026

India aims to triple goods exports to $1.3 trillion by 2035 through deregulation-led manufacturing reforms, with modest funding for 30 hubs and grants for sunrise sectors.

India cancels more South American soy oil imports as rupee slump widens price gap

By Axel Miller | 23 Jan 2026

India canceled more South American soybean oil cargoes after the rupee weakened, widening the cost gap with local supplies and pushing buyers toward cheaper palm oil.

Intel warns of AI chip supply crunch; shares slide 13% on weak Q1 2026 forecast

By Axel Miller | 23 Jan 2026

Intel shares fell 13% after hours after the chipmaker forecast weak Q1 2026 results and warned supply constraints are limiting AI data center chip shipments.

IndiGo Launches Non-Stop Flights to Athens From Mumbai and Delhi

By Cygnus | 23 Jan 2026

IndiGo launched non-stop flights to Athens from Mumbai on Jan 23 and will start Delhi services on Jan 24, expanding its Europe network using the Airbus A321XLR.

Trump Sues JPMorgan and CEO Jamie Dimon for $5 Billion Over Alleged Political ‘Debanking’

By Axel Miller | 23 Jan 2026

Trump filed a $5 billion lawsuit against JPMorgan and CEO Jamie Dimon in Florida, alleging politically motivated debanking after January 6. JPMorgan calls it without merit.