RBI on Wednesday said it has decided to grant in-principle approval to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for setting up a wholly-owned subsidiary in India. Currently, SMBC is carrying on banking operations in India in branch mode. The wholly-owned subsidiary will be set up through conversion of existing branches and will give the bank greater flexibility in its operations.

Moglix has launched Cognilix, an AI‑powered operating system designed to transform B2B procurement, inventory and supply‑chain operations for enterprises. Built on the company’s large procurement footprint, it automates workflows like supplier onboarding, digital catalogues and demand forecasting while working with existing ERP systems.

US Supreme Court has once again delayed its decision on President Donald Trump's reciprocal tariffs imposed on dozens of countries. This means the country will continue collecting tariffs on goods exported to the US, including on goods exported to US from India. If the court strikes the tariffs down, US may be forced to refund tariffs worth $150 billion.

Silver prices rose ₹15,000/kg to hit a record high of ₹2.86 lakh/kg on Wednesday, according to All India Sarafa Association. This is the fourth consecutive session that silver prices have jumped, rising ₹42,500/kg from ₹2.43 lakh/kg on January 8. Meanwhile, gold prices also jumped for the fourth consecutive session, rising ₹1,500 on Wednesday to an all-time high of ₹1.46 lakh/10grams.

Netflix is preparing to make an all-cash offer to seal its takeover bid for Warner Bros Discovery's studios ‌and streaming businesses, Reuters reported. Initially, Netflix's $82.7-billion deal consisted of cash and stock. The move is part of efforts to expedite a sale that has faced challenges from rival Paramount Skydance. Warner Bros has favoured Netflix over Paramount's $108.4-billion bid.

A viral X post claimed an Infosys employee from Mysuru in US was deported by ICE agents and given two hours to pack up his home and leave. The post claimed a public announcement was made on his flight, alerting authorities that he shouldn't be allowed to leave the plane during the layover. Infosys CEO Salil Parekh denied the incident.

Infosys reported ₹1,289-crore exceptional charge in its December quarter earnings on account of the statutory impact of newly implemented Labour Codes. The codes introduced changes regarding a uniform definition of wages and enhanced benefits relating to leave. "These changes…resulted in increase in gratuity liability arising out of past service cost and increase in leave liability," Infosys said.

China has reported a trade surplus of $1.2 trillion in 2025, marking the first time its surplus has crossed the $1-trillion mark and recording the world's highest-ever trade surplus for any country. This comes despite US President Donald Trump's wide-ranging sanctions aimed at disrupting international trade. China's monthly export surpluses crossed $100 billion seven times last year.

A techie claiming to be an Infosys employee has alleged prolonged harassment and isolation by his appraiser and a few colleagues over a personal conflict. "They've formed a coordinated network that has systematically targeted me…treats me like a prisoner or slave, violating my basic civil rights," the techie said on X. "Despite raising complaints…I have received no support," he added.

Economists warn that India’s robust real GDP growth and low inflation may mask underlying economic stress. Widening gaps between real and nominal GDP, deflation in agriculture and manufacturing, weak job creation, and rising dependence on public spending and household credit raise concerns about income growth, corporate profitability, and fiscal sustainability through 2026.