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NITI Aayog flags rising trade deficit, urges stronger FTA use

NITI Aayog has raised concerns over India’s widening trade deficit with Free Trade Agreement (FTA) partners, stressing the need to boost competitiveness in existing agreements.

In the first quarter of 2025‑26, exports to FTA countries fell 9 per cent to $38.7 billion, while imports rose 10 per cent to $65.3 billion, pushing the trade deficit up 59 per cent to $26.7 billion.

The think-tank’s Trade Watch Quarterly report notes that rising import demand, especially for inputs and energy, is outpacing export growth, highlighting the urgency for deeper integration and better utilization of FTAs to strengthen trade performance.

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Corporate

Mobileye moves into humanoid robotics with $900mn Mentee buy

Mobileye, the autonomous driving technology company backed by Intel, has announced its acquisition of AI robotics startup Mentee Robotics in a deal valued at approximately $900 million. The transaction combines cash with Mobileye stock and is expected to close in the first quarter of 2026.

The acquisition brings together Mentee’s cutting-edge humanoid robot technology with Mobileye’s expertise in autonomous vehicles and artificial intelligence. According to company officials, the collaboration aims to position Mobileye as a global leader in “physical AI” – the application of AI in real-world, autonomous systems, including both robots and vehicles.

Mentee Robotics has developed humanoid robots capable of performing complex tasks in industrial and warehouse environments. These robots use few-shot learning, simulation-based training, and advanced sensors to operate safely and independently. Mobileye plans to leverage its existing AI infrastructure and safety protocols from autonomous vehicles to accelerate Mentee’s commercial deployment. Initial operational deployments are expected later in 2026, with large-scale production slated for 2028.

“By combining Mobileye’s autonomous driving intelligence with Mentee’s humanoid robotics, we are entering a new era of physical AI,” said Amnon Shashua, Mobileye CEO and co-founder. “This acquisition allows us to bring practical, safe, and scalable humanoid robots to real-world applications much faster.”

Mentee Robotics will operate as an independent unit within Mobileye, retaining its leadership team and continuing its research and development initiatives. The integration is expected to enhance innovation while maintaining the agility that has made Mentee a standout in the robotics space.

Industry experts see this move as a strategic step for Mobileye, not just in the autonomous vehicle market but also in the growing humanoid robotics sector. The acquisition reflects a broader trend of convergence between AI-driven software and physical robotics, opening possibilities for industrial automation, logistics, and beyond.

With this deal, Mobileye reinforces its ambition to lead the next wave of AI-powered technologies, expanding from the roads to workplaces around the world.

Also Read: Adani Enterprises’ ₹1,000 cr bond fully subscribed in 45 minutes

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Corporate

Adani Enterprises’ ₹1,000 cr bond fully subscribed in 45 minutes

Adani Enterprises Limited (AEL), the main company of the Adani Group, has raised ₹1,000 crore through a public issue of non‑convertible debentures (NCDs). The bonds were fully subscribed within 45 minutes of the issue opening on January 6, 2026.

The company initially offered a base size of ₹500 crore but had an option to increase it by another ₹500 crore if demand was high. Investors snapped up the base portion in just 10 minutes, showing strong confidence in the company.

The NCDs, which will be listed on BSE and NSE, offer an annual yield of up to 8.90%. Investors could choose from 24‑, 36‑, or 60‑month tenors, with interest paid quarterly, annually, or cumulatively. The bonds have been rated ‘AA‑’ by ICRA and CARE Ratings, indicating good credit quality.

At least 75% of the funds from this issue will be used to repay existing debt, and the remaining amount will support general corporate purposes. The issue was managed by Nuvama Wealth Management, Trust Investment Advisors, and Tipsons Consultancy Services.

This is not the first time AEL’s bonds have seen strong demand. A previous NCD issue of ₹1,000 crore in July 2025 was also fully subscribed on the first day, though it took three hours.

The rapid subscription reflects investors’ confidence in Adani Enterprises’ growth plans. The company is currently involved in major infrastructure projects, including the Navi Mumbai International Airport and other large-scale initiatives.

Also Read: Reliance shares slide over 4%

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Beyond

Trump eyes Greenland, military option possible

President Donald Trump has revived his ambition to acquire Greenland, calling the Arctic island a US national security priority. The White House confirmed that Trump and his advisers are exploring multiple options, including the possible use of the US military, to gain control of the strategic territory.

“The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the US military is always an option at the commander-in-chief’s disposal,” the statement said.

Greenland, a semi-autonomous territory of Denmark with around 57,000 residents, has repeatedly said it is not for sale. European powers and Canada have rallied in support of the island, warning that any US military action would shock NATO and strain ties with long-standing allies.

Despite this opposition, Trump’s interest in Greenland has been reignited following the recent US operation in Venezuela that led to the capture of President Nicolás Maduro. Administration officials describe Greenland as strategically important due to its location and untapped mineral resources crucial for high-tech and military applications.

Several avenues are reportedly under consideration, including a direct purchase of Greenland or establishing a Compact of Free Association, which would give the US influence without full sovereignty. Diplomacy remains the preferred route if a deal can be negotiated, sources said. Secretary of State Marco Rubio assured lawmakers that recent comments did not indicate an imminent invasion.

Some members of Congress, including Republicans, have voiced concerns over the administration’s rhetoric, emphasizing the need to respect Denmark’s sovereignty and treaty obligations. “When Denmark and Greenland make it clear that Greenland is not for sale, the US must honor its treaty obligations,” said Democratic Senator Jeanne Shaheen and Republican Senator Thom Tillis.

Officials stressed that Trump’s drive to acquire Greenland will continue throughout his remaining three years in office. They argue that securing the island would strengthen US influence in the Arctic, counter growing Russian and Chinese activity, and tap valuable resources that remain largely undeveloped.

Trump’s push highlights ongoing tensions between unilateral US ambitions and the cooperative approach expected by NATO allies in managing Arctic security.

Also Read: Venezuela to send 30–50 mn barrels of oil to US

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Beyond

Venezuela to send 30–50 mn barrels of oil to US

In a move that could reshape global energy flows, President Donald Trump announced that Venezuela will hand over 30 to 50 million barrels of crude oil to the US. Speaking on his Truth Social platform, Trump said the oil would be sold at market prices, and the proceeds would be under US control, a step he described as benefiting both Americans and Venezuelans.

The transfer comes after recent political turmoil in Caracas, including a US operation that led to the capture of Venezuelan President Nicolás Maduro. The announcement marks a rare moment of direct cooperation with Venezuela’s interim authorities, who confirmed the handover but criticized foreign involvement, insisting their sovereignty must be respected.

Trump directed Energy Secretary Chris Wright to begin the process immediately. The plan is to move oil from Venezuelan storage ships directly to US ports, ensuring a smooth flow of high-quality crude. Experts say this injection of oil into the US supply chain could slightly ease prices at a time when energy markets remain volatile. At current rates, the transferred oil could be valued at around $2.8 billion, though final figures will depend on market conditions.

Beyond the numbers, the deal carries broader geopolitical implications. Analysts note that oil previously headed to other countries, including China, may now be redirected to the US, signaling a potential shift in global energy alliances. Trump framed the move as part of a strategy to stabilize markets and assert US influence in Venezuela’s energy sector.

As the first shipments prepare to leave Venezuelan ports, both nations are watching closely, aware that this deal could set the tone for future energy, trade, and diplomatic relations in the region.

It reflects a rare moment where political maneuvering and energy policy intersect in a tangible way, promising both economic impact and a test of how international agreements are executed in a tense, rapidly changing landscape.

Also Read: Reliance shares slide over 4%

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Beyond

Gold rises ₹1,38,830, Silver up by ₹2,53,100

Gold and silver prices edged up slightly in the domestic market on Wednesday, reflecting steady demand for precious metals. The price of 24-carat gold increased by ₹10, taking the rate to ₹1,38,830 per 10 grams in major Indian cities. At the same time, 22-carat gold also rose by ₹10 and was priced at around ₹1,27,260 per 10 grams.

Silver prices also moved higher. The metal gained ₹100 per kilogram and was trading at ₹2,53,100 per kg in key markets such as Delhi, Mumbai and Kolkata. In Chennai, silver was priced higher at around ₹2,71,100 per kg, reflecting regional variations.

Market experts said the small rise in prices comes amid mixed global signals. While precious metals have seen strong gains in recent months due to safe-haven demand, global prices were slightly lower as investors booked profits. A firmer US dollar also put some pressure on international bullion prices.

Despite this, domestic gold and silver prices remain elevated, supported by ongoing investment interest and demand from jewellers. Gold has been trading close to record levels, while silver has shown stronger momentum compared to gold in recent weeks.

Traders said bullion prices are likely to remain volatile in the near term, tracking global market trends, currency movements and investor sentiment. Any major changes in global economic conditions could influence prices further in the coming days.

Also Read: Intel reveals AI‑ready Panther Lake chips

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Corporate

Sensex down 150, Nifty under 26,150

As the markets opened on Wednesday, the BSE Sensex fell around 150 points, while the Nifty50 slipped below the 26,150 mark in early trade. Selling pressure in heavyweight stocks weighed on overall market sentiment.

Market participants stayed on the sidelines due to concerns over global developments and uncertainty around interest rates. After recent gains, many investors chose to book profits, leading to mild losses across key indices. Broader markets also reflected weakness, with mid-cap and small-cap stocks trading mostly in the red.

Sector-wise, performance was mixed. Realty, media, and oil and gas stocks faced selling pressure, while select banking, IT, and consumer stocks showed limited strength. Rate-sensitive stocks underperformed as traders remained cautious about future policy signals.

Among individual stocks, Titan Company emerged as a top gainer, rising sharply on strong buying interest, supported by positive outlook for its jewellery business. On the other hand, Cipla was among the top losers, falling over 2% due to selling pressure. Other heavyweight stocks such as HDFC Bank and Tata Motors also traded lower, dragging the benchmarks.

Market breadth remained weak, with more stocks declining than advancing on both the BSE and NSE. Analysts said the market may continue to move in a narrow range in the near term, with investors closely tracking global cues, upcoming earnings announcements, and macroeconomic data.

Experts added that the 26,000 level on the Nifty remains an important support, while upside could be limited unless there is fresh positive news. Until then, markets are expected to remain volatile, with stock-specific action dominating trade.

Also Read: Sensex slips 376 points, Nifty below 26,200

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Leaders

Marc Berson joins Mastek board to boost AI

Mastek, the global digital engineering and cloud transformation company, has appointed Marc Berson, a seasoned technology executive from Google, to its Board of Directors, effective January 1, 2026. This move reflects Mastek’s ambition to strengthen its AI and cloud initiatives as it expands its footprint across global markets.

Berson, currently Google’s Chief Information Officer, has over three decades of experience in driving digital transformation for major corporations. He has held leadership roles at Gilead Sciences, Hewlett‑Packard, IBM, and Philips, helping organizations modernize technology systems and leverage digital tools to achieve business growth. His deep expertise in cloud solutions and AI will provide Mastek with strategic guidance as it works to deliver innovative, enterprise-ready solutions.

Umang Nahata, CEO of Mastek, said, “Marc’s experience in leading large-scale technology transformations is a perfect fit for Mastek’s AI-first agenda. His insights will help us further strengthen our offerings and deliver measurable impact for our clients.”

Berson expressed excitement about joining Mastek, saying that the company’s focus on AI-enabled transformation resonates with his professional experience. “I look forward to contributing to Mastek’s journey of helping enterprises harness the power of AI and cloud technologies to create meaningful business outcomes,” he said.

Mastek, which operates in over 40 countries and serves clients across sectors like healthcare, retail, financial services, and the public sector, has been steadily investing in cloud and AI capabilities. The company is focusing on GenAI-powered solutions and strategic partnerships that simplify digital transformation and help businesses achieve faster results.

With Berson on board, Mastek aims to combine global technology insight with local execution expertise, positioning itself as a trusted partner for enterprises looking to embrace AI-first strategies and accelerate their cloud adoption. This appointment underscores Mastek’s commitment to innovation, leadership depth, and delivering tangible value to clients worldwide.

Also Read: Apple’s made-in-India iPhones cross $50 bn in 2025

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Technology

Apple’s made-in-India iPhones cross $50 bn in 2025

Apple’s iPhones made in India have hit a remarkable milestone, with exports reaching $50 billion (around ₹4.5 lakh crore) in 2025, the government has revealed. Union Minister Ashwini Vaishnaw called it a “historic achievement” and a testament to India’s growing stature in global electronics manufacturing.

This surge comes as a direct result of India’s Make in India initiative and the Production Linked Incentive (PLI) scheme, both aimed at attracting global companies to set up and expand their manufacturing operations locally. Apple joined the PLI program in 2022, and the results are already visible. In fact, in the first nine months of the current fiscal year alone, India shipped $16 billion worth of iPhones abroad.

Vaishnaw highlighted how India’s electronics industry has grown over the past decade, noting that production has increased six-fold and exports have jumped eight-fold since 2014. Today, smartphones and electronic goods are among the country’s top export categories, and Apple’s success is playing a big role in that story.

Much of this production comes from Apple’s assembly partners in India, including Foxconn and Tata Electronics. A network of around 45 component makers, including many small and medium enterprises, supports these plants. This ecosystem is not only helping Apple meet global demand but also creating local employment—currently supporting around 2.5 million jobs in electronics manufacturing.

For perspective, while Samsung’s mobile exports from India during a comparable period totaled about $17 billion, Apple’s iPhone shipments have more than doubled that, underlining India’s rising significance in the global supply chain.

For the thousands of workers on the assembly lines, and the millions in supporting industries, the $50 billion achievement represents both pride and promise for the future of “Made in India.”

Also Read: Unnati acquires Gramophone, Info Edge invests ₹35 cr

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1 Minute-Read

Intel reveals AI‑ready Panther Lake chips

Intel has unveiled its next-generation PC processors at the Consumer Electronics Show (CES) in Las Vegas, marking a key step in its push to regain leadership in the global chip market.

The new Intel Core Ultra chips are designed for laptops and are built to deliver better performance, improved power efficiency, and stronger artificial intelligence capabilities.

Intel said the processors will support advanced AI features directly on devices, reducing reliance on cloud computing. The chips are expected to power a wide range of new PCs launching later this year, as competition intensifies with rivals such as AMD and Nvidia.