A flash PMI reading indicated India’s private sector activity accelerated in January 2026 on stronger new orders, prompting companies to step up hiring. The composite index remained well above the 50-mark that separates expansion from contraction.
As the Union Budget 2026–27 approaches, India’s gems and jewellery sector has urged the government to consider reforms including lower GST and rationalised customs duties. Industry stakeholders argue the changes are needed to boost competitiveness, support exports and reduce compliance friction amid global trade uncertainty.
Indian stock exchanges NSE and BSE will be closed on Monday, 26 January 2026, for Republic Day, with no trading across key segments including equities and derivatives.
Venture capital firm Lightspeed India Partners is said to be preparing a fresh India and Southeast Asia-focused fund in 2026, as IPO readiness across parts of its portfolio improves. The move aligns with a wider rebound narrative around exits and late-stage liquidity.
European Commission President Ursula von der Leyen has arrived in New Delhi for a multi-day visit aimed at advancing major India-EU deals covering trade, defence cooperation and mobility. The visit underscores a push to deepen strategic and economic ties amid shifting global supply chains and security priorities.
Digital payments major PhonePe has received SEBI’s go-ahead for its IPO. Reports say it is likely to be a pure offer-for-sale (no fresh issue), with existing shareholders expected to pare holdings as the company moves to file updated draft papers.
Walmart-backed PhonePe has received regulatory approval from SEBI to proceed with its proposed IPO, which is expected to be structured as an offer for sale by existing shareholders, marking a major milestone for India’s fintech listing pipeline.