by Hansraj Agrawal | Jan 5, 2026 | Business
Telangana Jagruthi president, Kalvakuntla Kavitha
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RAMAKRISHNA G
Kalvakuntla Kavitha, daughter of Bharat Rashtra Samithi (BRS) President and former Telangana Chief Minister K Chandrashekar Rao, has hinted at floating a new political party and contesting in the next elections.
Addressing the Legislative Council here on Monday, she said that Telangana Jagruti, an organisation that she runs, would be converted into a political party soon.
She alleged that she got a raw deal from the party and that she was humiliated. “I had wholeheartedly worked for whatever work I was given. The party didn’t stand by me when I was facing issues from the Enforcement Directorate and the Central Bureau of India,” she said.
She alleged that she was being targeted because she posed several questions. “I asked for pensions for activists who fought for the Telangana cause. The BRS never recognised the martyrs who laid down their lives in the movement,” she said.
Referring to the resignation letter she sent to the House in September 2025, he appealed to the Council Chairman to accept it. “I don’t want any association with the (BRS) party,” she said.
Published on January 5, 2026
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by Hansraj Agrawal | Jan 5, 2026 | Business
The SBI Research emphasised that even the US action on Venezuela has not significantly impacted prices.
Crude oil prices are expected to weaken in line with global trends with prices for the Indian basket likely to soften to as much as $50 per barrel and even below by June 2026, said SBI Research on Monday.
The SBI Research emphasised that even the US action on Venezuela has not significantly impacted prices.
“Indian basket expected to soften in line with expected trends internationally: Our base case is $50 per barrel… or even lower by June 2026,” it said.
Daily production
SBI Research pointed out that crude oil prices in general have remained subdued due to OPEC+ decision to increase production. The reversal of the strategy and reduction in daily production has not resulted in reversal of price movements and crude prices continued their southward decline.
The medium-term trends in prices since 2022 for Brent and Indian basket show that there has been a downward trend in crude prices, it added.
“The local peaks during the entire stretch indicate the impact of geopolitical risk, although the latest event in Venezuela has not impacted the price significantly on the upside,” SBI Research said.
The outlook on Brent crude for 2026 is further softening from the current levels.
The US Energy Information Administration (EIA) estimates that Brent crude oil price will fall to an average of $55 per barrel in the first quarter of 2026 largely driven by buildup of inventory, it noted.
Since the India basket has correlation of 0.98 with Brent crude, the trends in Brent suggest further softening of Indian basket, it added.
“A moving average analysis for Indian crude, shows that current prices are trending below the 50 and 200 period moving averages suggesting future lower levels from current level at $62.20 per barrel. An autoregressive quantile forecast for Indian basket indicates that the 50th percentile forecast by March 2026 is $53.31 and $51.85 by June 2026. The 25th percentile forecast trends very close to median,” SBI Research explained.
Published on January 5, 2026
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by Hansraj Agrawal | Jan 5, 2026 | Business
During the nine-month period, the company added 30 Westside locations and 89 Zudio stores to its network, underscoring its focus on rapid expansion in the value fashion segment
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PRIYANSHU SINGH
Trent Ltd reported standalone revenue of ₹5,220 crore for the third quarter of fiscal year 2026, marking a 17 per cent year-on-year increase from ₹4,466 crore in the same period last year, according to their stock exchange filing on Monday evening.
For the nine-month period ending December 2025, the company posted revenues of ₹14,604 crore, up 18 per cent from ₹12,368 crore in the corresponding period of the previous fiscal year. The figures exclude GST following recent regulatory changes.
The retailer continued its aggressive store expansion during the quarter, opening a net 17 Westside stores and 48 Zudio outlets. As of December 31, 2025, Trent operates 278 Westside stores, 854 Zudio stores (including four in the UAE), and 32 stores under other lifestyle concepts.
During the nine-month period, the company added 30 Westside locations and 89 Zudio stores to its network, underscoring its focus on rapid expansion in the value fashion segment.
The revenue figures disclosed in the filing are subject to audit by the company’s statutory auditors.
The shares of Trent Ltd ended on the NSE on Monday at ₹4,417.00 up ₹7.40 or 0.17 per cent.
Published on January 5, 2026
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by Hansraj Agrawal | Jan 5, 2026 | Business
PRB was constituted consequent to an amendment in the Payment and Settlement Systems Act, 2007, which came into effect on May 9, 2025.
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REUTERS/FRANCIS MASCARENHAS
The Reserve Bank of India (RBI) held the first meeting of the Payments Regulatory Board (PRB) on Monday in Mumbai under the Chairmanship of Governor Sanjay Malhotra. PRB was constituted consequent to an amendment in the Payment and Settlement Systems Act, 2007, which came into effect on May 9, 2025.
“The Board reviewed the functions of the Department of Payment and Settlement Systems and current focus areas covering both domestic and global payment systems. The draft Payments Vision 2028 was presented, and Members gave strategic guidance to ensure the continued development of India’s payment ecosystem. A presentation on the major findings of the Survey on Digital Payments, recently conducted by RBI, was also made,” the RBI said.
S Krishnan, Secretary, Ministry of Electronics and Information Technology; Nagaraju Maddirala, Secretary, Department of Financial Services; Aruna Sundararajan, IAS (Retd.); T Rabi Sankar, Deputy Governor at RBI, and Vivek Deep, Executive Director at RBI, were in attendance.
Published on January 5, 2026
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by Hansraj Agrawal | Jan 5, 2026 | Business
RBI Governor Sanjay Malhotra
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PTI/KUNAL PATIL
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday called on non-bank lenders to adopt sound underwriting standards and close monitoring of asset quality in meeting with heads of non-banking financial companies (NBFCs).
The Governor stressed on the criticality of customer-centricity, ethical conduct and responsible lending along with prompt grievance redressal for preserving confidence in the sector and supporting its orderly and sustainable development.
“As part of the Reserve Bank’s ongoing engagement with regulated entities, the Governor, Reserve Bank of India, today held a meeting in Mumbai with the Managing Directors and Chief Executive Officers (MDs & CEOs) of select NBFCs, including Government NBFCs, Housing Finance Companies (HFCs) and Microfinance Institutions,” the RBI said. The Reserve Bank had last held a similar meeting with NBFCs on February 13, 2025.
The participating entities together account for about 53 per cent of NBFC sector assets. Industry participation included the representatives of self-regulatory organisations, Sa-Dhan, the Micro Finance Institutions Network and the Finance Industry Development Council.
The meeting was also attended by Deputy Governors T Rabi Sankar, Swaminathan J, Poonam Gupta and SC Murmu, and the MD & CEO of the National Housing Bank, apart from other senior officers of the Reserve Bank.
Published on January 5, 2026
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by Hansraj Agrawal | Jan 5, 2026 | Business
उद्योग जगत के दिग्गजों के एक समूह ने सोमवार को ‘हंड्रेड मिलियन जॉब्स’ (10 करोड़ नौकरियां) नामक एक राष्ट्रीय पहल की शुरुआत की, जिसका उद्देश्य अगले एक दशक में भारत में 10 करोड़ रोजगार के अवसर पैदा करना है. यह पहल ऐसे समय में शुरू की गई है, जब तेज आर्थिक वृद्धि के बावजूद देश अपर्याप्त रोजगार सृजन की चुनौती से जूझ रहा है.
आयोजकों के अनुसार, इस मुहिम की घोषणा सॉफ्टवेयर उद्योग निकाय नैसकॉम के सह-संस्थापक हरीश मेहता, वैश्विक उद्यमी नेटवर्क ‘द इंडस एंटरप्रेन्योर्स’ (टीआईई) के संस्थापक ए जे पटेल और सेंटर फॉर इनोवेशन इन पब्लिक पॉलिसी (सीआईपीपी) के संस्थापक के यतीश राजावत ने की.
संस्थापकों ने कहा कि भारत में कार्यशील आयु की आबादी हर साल लगभग 1.2 करोड़ की दर से बढ़ रही है, जबकि विनिर्माण जैसे पारंपरिक रोजगार क्षेत्र अपेक्षित गति से विस्तार नहीं कर पा रहे हैं. देश के जनसांख्यिकीय लाभांश का पूरा लाभ उठाने के लिए हर साल 80 से 90 लाख नई नौकरियों का सृजन जरूरी है. हालांकि भारत दुनिया की सबसे तेजी से बढ़ती प्रमुख अर्थव्यवस्थाओं में शामिल है, लेकिन रोजगार वृद्धि की रफ्तार उत्पादन विस्तार की तुलना में पीछे रही है.
स्वचालन और कृत्रिम बुद्धिमत्ता (एआई) के बढ़ते इस्तेमाल से कई क्षेत्रों में शुरुआती स्तर की नौकरियों पर दबाव बढ़ा है, जिससे यह चिंता गहराई है कि आर्थिक वृद्धि और रोजगार सृजन के बीच दूरी बढ़ सकती है.
‘हंड्रेड मिलियन जॉब्स’ मिशन उद्यमिता, कौशल विकास और श्रम-प्रधान उद्यमों को भारत की रोजगार रणनीति के केंद्र में रखता है. इस पहल का लक्ष्य रोजगार सृजन को आर्थिक वृद्धि का एक प्रमुख मानक बनाना है, ताकि विभिन्न क्षेत्रों में विकेंद्रीकृत, टिकाऊ और गरिमापूर्ण आजीविका सुनिश्चित की जा सके. हरीश मेहता ने कहा कि यह पहल उद्यमियों, सूक्ष्म, लघु एवं मध्यम उद्योगों और नियोक्ताओं को सशक्त बनाने का एक संगठित प्रयास है, जिसमें कौशल, उद्यम, डेटा और नीति के बीच बेहतर तालमेल के जरिए अगली पीढ़ी के लिए लचीली और सम्मानजनक आजीविका तैयार की जाएगी.
वहीं, ए जे पटेल ने कहा कि स्टार्टअप और छोटे उद्योग, जो भारत के सकल घरेलू उत्पाद में करीब 30 प्रतिशत का योगदान देते हैं और सबसे बड़े नियोक्ता हैं, उनका विस्तार महानगरों से बाहर भी होना चाहिए. उन्होंने जोर दिया कि अगर देश को हर साल 80-90 लाख नौकरियां पैदा करनी हैं, तो उद्यमिता को आम लोगों के लिए व्यवहारिक बनाने वाली ढांचागत बाधाओं को दूर करना होगा.
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