January 9, 2026

Bharat Coking Coal IPO Subscribed Over 8 Times on Day One

Bharat Coking Coal's IPO is oversubscribed 8.09 times on first day due to high demand from retail and non-institutional investors. The offer size was 34.69 crore shares and bids reached 280.61 crore shares.

January 9, 2026

Keir Starmer Excludes Financial Services from EU Talks, Calms City Leaders

Keir Starmer will keep financial services out of UK-EU alignment talks, reassuring City firms. Officials say cooperation will continue only where beneficial. Experts warn reversing Brexit-era financial rules could hurt London's markets.

January 9, 2026

Centre Opposes Court Directive to Cut GST on Air Purifiers, Calls It Unconstitutional

The Centre told the Delhi High Court that courts cannot interfere with GST decisions. It opposed a PIL seeking to lower the GST on air purifiers from 18% to 5%, by classifying them as medical devices. The PIL claims this would help amid Delhi's severe air pollution. The court will hear the case on January 9, 2026.

January 9, 2026

Rio Tinto and Glencore Resume Talks for $260bn Mining Mega-Merger

Rio Tinto and Glencore have restarted merger talks that could create the world’s largest mining company valued over $260bn. The deal may see Rio Tinto acquire Glencore, with a formal offer deadline by 5 February.

January 9, 2026

India’s IT Firms Set for Muted Growth with 4% Revenue Rise in Q4 Amid Sluggish US Demand

India’s top IT firms are expected to post about 4% revenue growth and 5% profit rise in the December quarter. Weak US demand, client holidays, and macro challenges limit growth. AI demand may pick up by 2026. TCS, Infosys, and HCLTech forecast slower growth. Earnings season begins January 12.