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Top10@10 | Infosys Q3 results, India-US trade talks, BMC polls tomorrow and more
Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.
India-China trade: India’s exports to China rise in 2025, deficit climbs to record $116 bn
India's exports to China saw a rare uptick in 2025, yet the bilateral trade deficit surged to a record $116.12 billion. Despite this imbalance, overall trade hit an all-time high, showcasing resilience amidst global uncertainties. Newer Indian products are finding a market in China, signaling a potential shift.
IHG bets big on India: Targets 400 hotels in five years, says market has fewer international rooms than Manhattan
With infrastructure growth, rising GDP, and a young demographic, InterContinental Hotels Group sees India as a long-term strategic market, aiming for 1,000 hotels eventually.
Auto trade: US tariffs to bite in H2 as contract uncertainty clouds outlook; ACMA flags margin stress
Indian auto component makers anticipate US tariffs to significantly impact exports from the second half of FY26, with new contracts facing uncertainty. Despite global challenges, the sector saw steady growth in H1 FY26, driven by robust domestic demand. However, rising imports and a widening trade deficit pose concerns.
Air India partners with Saudia for codeshare agreement, effective February – what should passengers expect?
Air India and Saudia have signed a codeshare agreement to enhance travel benefits for guests, which will become effective in February. 
PM Modi to address National Startup Day event on Friday
India has over 200,000 DPIIT-recognised startups as compared to the 400 startups in 2016 when the ‘Startup India’ initiative was launched, the official said
Embraer’s India bet: India may finally build the planes it flies
Embraer’s talks with Adani could bring commercial aircraft assembly to India, signalling a shift from buyer to builder in the world’s fastest-growing aviation market today.
US markets today: Wall Street slips for second session as bank earnings disappoint; oil and gold climb
Indian markets mirrored global caution as US stocks dipped, driven by mixed bank earnings and rising oil and gold prices. Investors eyed potential disruptions from Iran, while Treasury yields eased. Despite some positive economic signals, elevated equity valuations demand strong corporate growth to sustain current levels.
Kolte-Patil Developers Q3 | Sales at ₹605 cr; posts highest quarterly collections of ₹709 cr
Kolte-Patil Developers reported Q3 FY26 sales of ₹605 crore and record quarterly collections of ₹709 crore, with nine-month sales at ₹1,891 crore and collections at ₹1,855 crore. Life Republic drove sales; the company signed a new Bhugaon, Pune project with GDV of ₹850 crore, while acquiring 9MFY26 projects with aggregate GDV of ₹2,250 crore.
Startups got 3.8 times funding from private sector than from govt schemes: DPIIT
India’s start-ups have received 3.8 times more private funding than government support, with DPIIT citing deep-tech focus, AIF growth and rising investor confidence.
Retail sales rose a better-than-expected 0.6% in November as the holiday season kicked into gear
Retail sales increased a better-than-expected 0.6% in November, following a revised 0.1% decline October.
RBI gives nod to Sumitomo Mitsui Banking for wholly-owned subsidiary
At present, SMBC does its banking business in India through four branches located in New Delhi, Mumbai, Chennai and Bengaluru.
State Street to buy 23% stake in Groww Mutual Fund for ₹580 crore
State Street's deal includes secondary share purchases worth ₹381 crore and a subscription to primary capital worth ₹199 crore. The deal will dilute Billionbrains's stake by up to 23%, while State Street’s voting power will be capped at 4.99%.
Binny Bansal-Backed RISA Labs Raises $11 Mn From Cencora Ventures, Optum Ventures
Healthcare AI startup RISA Labs has raised $11.1 Mn (over INR 100 Cr) in a Series A funding round co-led…
No Infosys employee was detained by ICE, clarifies CEO Salil Parekh
Salil Parekh denies reports of Infosys employee detention by US authorities, clarifying only one entry denial; Q3 numbers undershoot estimates; shares of Infosys Ltd ended marginally higher on at ₹1,608.90.
Japan's SMBC gets RBI nod to open India subsidiary after Yes Bank stake deal
Japan's Sumitomo Mistsui Banking Corp gets approval of the Indian central bank to open a wholly-owned subsidiary in India. This comes after SMBC's Yes Bank stake deal last year and is the second such RBI approval to a foreign bank in eight months.
Mercedes-Benz will stick to top-end luxury cars even as BMW closes in
Mercedes sales in India declined 3% to 19,007 in 2025, while BMW closed the gap with 14% growth to 18,001 units. But Mercedes says it won't get into a pricing war for entry-level luxury cars to drive volumes.
Ola Electric Opens 4680 Bharat Cell Platform For Enterprise Customers
Ola Electric has expanded its in-house 4680 Bharat Cell and battery pack beyond EVs, opening sales for enterprises across energy,…
Infosys attrition drops to 12.3% in Q3 results — Is a wage hike on cards? What CFO said
Infosys reported its Q3 financial results for 2025-26, showing a decrease in voluntary attrition to 12.3% and an increase in headcount by 5,043. CEO Salil Parekh highlighted confidence in market demand and plans to hire between 18,000 and 20,000 employees next year. 
HDB Financial Services Q3 Results: PAT rises 36% YoY to Rs 644 crore; NII up 22%
HDB Financial Services reported its Q3 earnings on Wednesday with a 36% YoY jump in profit to Rs 644 crore, supported by a 22% rise in net interest income to Rs 2,285 crore.
State Street To Acquire 23% Stake In Groww AMC For INR 580 Cr
Global asset manager State Street Investment Management (SSIM) will acquire a 23% stake in Groww’s asset management arm Groww AMC…
Unacademy To Pivot Offline Business To Franchise Model By April
After failed acquisitions talks with upGrad, Bengaluru-based edtech unicorn Unacademy plans to exit its offline business by converting company operated…