A video showing a Mahindra electric car bursting into flames on a road in Uttar Pradesh is going viral on social media. While there are no reports of any injuries in the incident, the cause of the fire is yet to be ascertained. The video showed police and fire officials at the spot, dousing the fire.

The Enforcement Directorate (ED) on Sunday said it has chargesheeted real-money online gaming app WinZO and its promoters. The agency alleged that players lost ₹734 crore on the platform after the company "embedded" bots and AI to "manipulate" game algorithms. WinZO, through its mobile application, offered more than 100 games with a claimed user base of about 25 crore users.

External Affairs Minister S Jaishankar held talks with European Council President Antonio Costa, European Commission President Ursula von der Leyen and European Commission Vice-President Kaja Kallas in New Delhi on Sunday. This came ahead of their meetings with PM Narendra Modi and the 16th India-EU Summit. Notably, Costa and Leyen will be the Chief Guests for the Republic Day parade.

A Reddit user claimed he built a ₹2.10 crore corpus with an investment of ₹51,420 in 15 years in mutual funds, delivering an annualised return of about 17.1%. He shared that while he switched or paused funds, he never panic-withdrew during downturns. Staying invested lets you accumulate more units when markets fall and reap benefits when they rise, he added.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that an impending "AI tsunami" is set to reshape global labour markets. "Tasks that are eliminated are usually what entry-level jobs do at present," she stated, referring to young workers. "The middle class, inevitably, will be affected," Georgieva added, flagging a potential squeeze on incomes and job stability.

President of the EU Commission Ursula von der Leyen has said, "I'm so glad to be in India today. India and Europe have made a clear choice. The choice of strategic partnership, dialogue and openness...We are showing a fractured world that another way is possible." Ursula earlier said EU and India are on the cusp of "mother of all deals".

India plans to slash tariffs on cars imported from the European Union as part of a free trade agreement with the EU, Reuters reported, citing sources. Under the proposed deal, tariffs on cars imported from the 27-nation EU bloc will be cut to 40% from as high as 110%. Reportedly, duties could eventually be lowered to as little as 10%.

The Government of India has announced the Padma Awards 2026, with several business leaders honoured in the field of Trade and Industry. Kotak Mahindra Bank Founder Uday Kotak will be conferred the Padma Bhushan. DAS Offshore Engineering MD Ashok Khade, Solar Industries India Founder Satyanarayan Nuwal, and TTK Prestige Chairman Emeritus TT Jagannathan (posthumous) will be awarded the Padma Shri.

Tata Technologies has announced the winners of InnoVent 2026, its national engineering innovation hackathon focused on smart mobility. Engaging over 10,000 students across India, the initiative rewarded breakthrough ideas in automotive and manufacturing while offering career opportunities to all finalists.

Adani Group and Brazilian aerospace major Embraer are set to announce plans to establish a final assembly line for civilian aircraft in India, PTI reported, citing sources. An MoU will be signed between Adani Defence and Aerospace and Embraer on January 27 in New Delhi, it added. Embraer manufactures commercial jets with a seating capacity of up to 150 passengers.