Inside the 48-hour Grok crisis that put X in MeitY’s crosshairs
From a closed-door meeting at MeitY to a formal notice and a looming safe harbour threat, how Grok’s image-editing feature plunged X into a regulatory standoff in India.
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From a closed-door meeting at MeitY to a formal notice and a looming safe harbour threat, how Grok’s image-editing feature plunged X into a regulatory standoff in India.
The Income Tax Department is gearing up for a significant change. A new direct tax law will be implemented from April 1, 2026, replacing the old Act. CBDT Chairman Ravi Agrawal has urged officials to be ready and understand the new rules. Training and capacity building are underway to ensure a smooth transition.
Oppo will launch its Reno 15 series in India on January 8, featuring three models: Reno 15 Pro 5G, Reno 15 Pro Mini 5G, and Reno 15 5G. Ahead of the launch, Oppo has also confirmed some of the key specifications of the Oppo Reno 15 lineup.
"India faces negligible impact, as trade with Venezuela has collapsed under sanctions, with crude imports down 81.3% in FY2025 and overall bilateral trade remaining marginal,” the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.
Mis-selling remains a significant concern in India's insurance sector, with complaints related to unfair business practices rising sharply in FY25. The regulator is urging insurers to identify root causes and implement corrective measures, including product suitability assessments and distribution channel controls. Despite these efforts, insurance penetration remains low compared to global averages.
Experts warn that a significant tax hike on cigarettes, effective February 1, could fuel illicit trade and lead to substantial tax revenue losses. The new excise duty structure, combined with existing GST, represents a 60-70% increase, potentially driving consumers towards smuggled products. This move risks amplifying India's already substantial illicit tobacco market.
US-backed restructuring of Venezuela’s oil sector could help India recover USD 1 billion dues, revive ONGC Videsh Ltd’s San Cristobal field.
Indian markets are poised for a data-driven week, with investors keenly watching domestic PMI readings and key US economic indicators. The earnings season kicks off, adding to the focus on corporate performance. Analysts anticipate a constructive market sentiment, driven by domestic fundamentals, despite potential short-term volatility from global cues and the rupee's movement.
Ms. Rao said industry stakeholders have to work towards bridging the gap between the demand and the supply of silk by maintaining consistent quality standards and strengthening testing mechanisms
US forces captured Venezuela President Nicolas Maduro and Cilia Flores on drug charges. India faces minimal impact due to reduced Venezuelan oil imports.
Group has commenced the 570 MW Wangchhu Hydro Electricity Project in Bhutan, which was initially announced in early September 2025. The foundation stone for the hydro power project was launched in the presence of Bhutan's Prime Minister Tshering Tobgay and Adani Group Chairman Gautam Adani.
The brokerage sees India’s “Goldilocks” phase continuing, supported by policy actions, easing macro headwinds, and a revival in capital expenditure, while preferring financials, capex-linked sectors, defence, and select discretionary stocks.
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