The Economic Times

Quote of the Day: Walt Whitman, a renowned American poet, championed independent thinking. His words urge readers to question what they are told and trust their inner voice. Whitman's life, from humble beginnings to his influential work 'Leaves of Grass', highlights his commitment to intellectual freedom. His enduring message resonates today, encouraging personal authenticity and critical examination of beliefs.

India and the European Union have signed a landmark Free Trade Agreement. This deal supports India's shift to export-focused manufacturing. It aims to significantly increase electronics exports, reaching nearly 50 billion US dollars by 2031. The agreement also promotes job creation and innovation. This partnership leverages India's manufacturing scale and Europe's technological expertise for long-term industrial growth.

Budget 2026: India is making significant strides in infrastructure development. The PM Gati Shakti program has successfully reduced logistics costs, boosting competitiveness. Future efforts will focus on expanding highways, ports, and railways, encouraging private participation. Developing smart cities and leveraging digital public infrastructure will further drive economic growth and help India achieve its Viksit Bharat 2047 vision.

Rapper Badshah, the first Indian artist to own a Rolls-Royce Cullinan Series II, found the thrill of its Rs 12.45 crore price tag fleeting, lasting only minutes. Despite this impulsive purchase, his garage boasts other high-end machines like a Lamborghini Urus and Audi Q8, reflecting his desire to experience the best innovations and luxury items.

A shocking murder unfolded on Ananthnagar Road. Prashanth M, 33, was killed by his friend Roshan Hegde, 36. Hegde deliberately crashed his SUV twice, causing fatal injuries to Prashanth who was clinging to the car. The incident was initially mistaken for an accident. Dashcam footage revealed the brutal act. The motive stemmed from a drunken argument following a cricket match.

Carlos Alcaraz has reached the Australian Open semi-finals for the first time. He will face Alexander Zverev next. Alcaraz defeated Alex de Minaur in straight sets. He is aiming to win his first Australian Open title. This victory would bring him closer to tennis history. Zverev also secured his semi-final spot. Novak Djokovic plays Lorenzo Musetti in another quarter-final.

HERE Technologies India has made headlines by clinching a substantial office lease of over 2.1 lakh sq ft at the prime location of Mindspace Airoli West. This 10+ year contract reflects the thriving market activity within Navi Mumbai's business hubs.

Defence Minister Rajnath Singh praised Operation Sindoor for showcasing India's indigenous defence strength. He urged faster technology adoption, emphasizing 'survival of the fastest'. Singh called for reducing research-to-deployment time and encouraged DRDO to take risks in new sectors. He highlighted the growth in defence exports and the goal of an 'Aatmanirbhar Bharat'.

China and Russia are set to boost strategic coordination. Defence Minister Dong Jun conveyed this to his Russian counterpart during a video call. The move comes as Ukraine and Russia negotiators met to discuss peace. China maintains a neutral stance on the Ukraine conflict. Western nations accuse Beijing of aiding Russia's war effort.

India and the European Union have concluded negotiations on a comprehensive free trade agreement, covering nearly all traded goods and services. This landmark deal, described as the mother of all deals, aims to boost bilateral commerce and marks a significant step in India's trade diplomacy after two decades of talks.

The company reported a 33% increase in commissioned EPC RE capacity in the first nine months of FY26 compared to the previous year, with Q3FY26 marking its highest-ever quarterly addition.

US stock market today: US stocks enter a high-stakes week as futures edge higher. Gold smashed records, hitting $5,111 per ounce on massive safe-haven demand. President Trumps 100% tariff threat against Canada over China trade ties has rattled global markets. Meanwhile, USA Rare Earth (USAR) shares soared after securing $1.6 billion in federal funding. Investors now await the Federal Reserves Wednesday rate decision and major tech earnings for market direction.

Entrepreneur Ankur Warikoo advises that earning respect in the workplace hinges on how you carry yourself, not just job performance. He outlines five strategies to be taken seriously, including addressing being overlooked, reducing availability strategically, detaching self-worth from being liked, aligning words with actions, and stating consequences clearly. These methods help individuals gain influence without compromising their individuality.

Confucius thought of the day on life: Confucius, an ancient Chinese philosopher, taught that personal character, not achievement, builds a meaningful life. His ideas emphasize self-control, respect, and responsibility for societal harmony. Leading by example, not authority, influences others. Integrity and consistency matter more than status. Confucius's wisdom, rooted in daily actions, continues to guide individuals toward lasting respect and moral clarity.

The EU-India FTA, concluded on January 27, 2026, will eliminate or reduce tariffs on 96.6% of EU exports, saving 4 billion annually. The deal benefits all 27 EU member states through sector-specific advantages. Germany, France, Italy lead in automotive and machinery; Spain, Italy, Greece gain in olive oil and wine; Belgium, Netherlands in processed foods; and Austria, Finland, Denmark in high-tech equipment. Tariff cuts begin in early 2027, with full benefits rolling out over 510 years.

The Halwa ceremony has concluded, signaling the final preparations for the Union Budget 2026-27. Union Finance Minister Nirmala Sitharaman attended the event at the Budget Press. Officials involved in the budget preparation have now entered a lock-in period. The Union Budget 2026-27 will be presented on February 1, 2026.

Akshay Kumar playfully teased Karisma Kapoor about owning numerous properties in Bandra. He joked that Kapoor family names adorned buildings across the upscale Mumbai area. Karisma wittyly deflected the claim, suggesting Akshay was the real estate mogul. This banter highlights their enduring on-screen chemistry and past collaborations.

Canada's energy minister Tim Hodgson emphasized building alliances and diversifying supplies to counter economic coercion. He praised India's trade deal with the EU as a model. Hodgson is in India to strengthen energy ties, noting India's growing energy demand. Canada aims to be a reliable global energy supplier, committed to fair trade.

The PRISM-PCI Conclave 2026 highlighted India's significant advancements in cardiac care, showcasing its evolution from a consumer to a contributor in medical technology innovation. The event emphasized precision-driven strategies and the growing role of home-grown technologies in addressing complex cardiovascular diseases, improving patient outcomes globally.

Maharashtra's ITIs will implement PM SETU for skill development, while Himachal Pradesh braces for heavy snowfall. A Supreme Court plea challenges UGC's caste discrimination definition. Internationally, India and the EU finalized a landmark free trade deal, boosting Renault's investment. Sports news sees Bangladesh out of the T20 WC, impacting media accreditation, and para-athlete Praveen Kumar receives the Padma Shri.

India and the European Union signed significant agreements at their 16th Summit. These pacts, including a Free Trade Agreement and a Security and Defence Partnership, aim to deepen bilateral ties. The summit is expected to bolster multipolarity and enhance global stability. Cooperation on AI and innovation was also highlighted, with plans for joint research programs and startup partnerships.

Rahul Gandhi criticizes Prime Minister Narendra Modi's alleged plan to dismantle MGNREGA. Gandhi claims this move seeks to remove workers' wage negotiation rights and diminish panchayat authority. He asserts the government aims to concentrate power, reverting the country to an era of centralized rule.

Operations at nearly 7,000 bank branches in Madhya Pradesh stopped Tuesday. A nationwide strike by bank unions disrupted services. Business worth Rs 3,447 crore was affected. Employees demand a five-day working week. This strike, following weekend holidays, caused a three-day disruption for customers. Cash, checks, and government work were impacted.

Curated by nutritionist Heena Trivedi, these salads focus on gut health, hormones, glow, and sustainable energy proving salads can truly nourish, not starve, your body.

The EU-India Free Trade Agreement, concluded on January 27, 2026, marks a historic milestone after two decades of negotiations. It will eliminate or reduce tariffs on 96.6% of EU goods exports and 97% of Indian goods, creating a market of 2 billion people. Key benefits include sharp tariff cuts on cars (to 10% over 5 years), wine (to 2030%), olive oil, processed foods, and full removal on medical equipment, machinery, chemicals, and aircraft parts. The deal excludes sensitive sectors like dairy

Prime Minister Narendra Modi hailed the India-European Union Free Trade Agreement as the mother of all deals and a ew blueprint for common prosperity. He described the pact as India's biggest free trade agreement to date, marking a historic moment in bilateral engagement and underscoring deep political trust and shared ambition.

Fatima Sana Sheikh's saree selections combine timeless craftsmanship with a modern edge, vibrant colors, rich fabrics, and refined styling that elevate contemporary Indian ethnic fashion.

Congress leaders plan to speak with Shashi Tharoor. His absence from a Kerala election meeting sparked speculation. Tharoor cited prior commitments and issues with party leadership. The party wants to ensure unity for upcoming state polls. Tharoor's influence is noted. Some within the party have concerns about his stances. This development affects the Kerala Congress unit.

The Maharashtra Cabinet Infrastructure Committee, chaired by CM Devendra Fadnavis, has approved the 22,862 crore Metro Line 8 (Gold Line). The 35-km corridor will link Mumbai and Navi Mumbai airports in just 30 minutes. Other approvals include the Nashik Ring Road for Kumbh Mela and Gadchiroli mineral highways.

India-EU trade deal cars list: European luxury cars are set to become more affordable in India following a new Free Trade Agreement. Import duties on EU-made cars will be phased down to 10% by 2030, with an initial sharp cut to 40% in 2026. This liberalization, applicable to cars above $15,000, promises significant price reductions for premium and performance models.

Union Education Minister Dharmendra Pradhan assures the public that new University Grants Commission regulations will be implemented fairly. These rules, updated on January 13, aim to prevent caste-based discrimination in higher education. Despite assurances, protests and political opposition have emerged, with some students and community members expressing concerns about potential discrimination.

Austrian brand Coffeeshop Company is set to expand significantly in India. The company plans to open 100 stores by 2029, making India its largest market. This expansion is driven by India's growing coffee consumption and a burgeoning cafe culture. Coffeeshop Company is partnering with Franchise India for this ambitious venture, targeting major Indian cities.

France has banned social media for children under 15. The law also prohibits mobile phones in high schools. This measure aims to protect young minds from algorithmic influence and harmful content. Scientists and the public overwhelmingly support this move. The ban is set to take effect next September. Other European nations are considering similar steps to safeguard minors online.

India's vocational training system is getting a major AI upgrade. The Ministry of Skill Development and Entrepreneurship is partnering with Microsoft to bring AI education to 200,000 students. This initiative will cover over 1,000 Industrial Training Institutes and National Skill Training Institutes.

Bobby Deols renewed style journey blends rugged masculinity with refined tailoring, proving confidence, age, and reinvention can redefine modern menswear effortlessly.

Earning Rs 2 lakh monthly in Indian metros, once a dream, now struggles against soaring costs. Private school fees jumped 160%, medical inflation hit 14%, and housing debt traps consume half of take-home pay. High earners are increasingly servicing debts for real estate and education, facing financial strain instead of security.

Budget 2026 is poised at a crossroads, confronted by two urgent issues: halted infrastructure projects and a growing crisis in affordable housing. Young professionals are finding it increasingly difficult to enter the housing market as affordability limits remain unchanged. At the same time, developers are squeezed by rising costs that threaten their viability.

The UAE is set to be India's dependable energy partner. India is a major driver of global energy demand. The UAE's industry minister highlighted this strong partnership. India's refineries will consume more crude. The UAE is India's top LNG market. The UAE also supplies LPG and industrial chemicals. Global energy demand is expanding significantly.

India is targeting $100 billion in oil and gas investments by 2030. The nation is pursuing energy independence and developing its energy sector. Significant opportunities exist for global investors in exploration, refining, and LNG infrastructure. Reforms are underway to boost domestic demand and exports. India is also focusing on shipbuilding for LNG transportation.

Para high-jumper Praveen Kumar, aged 23, has been awarded the Padma Shri. This marks a significant achievement for the Jewar-based athlete. He previously won silver at the Tokyo Paralympics and gold at the Paris Paralympics. Praveen also received the Arjuna Award and Major Dhyan Chand Khel Ratna. He continues to train and aims for new records.

A senior IPS officer addressed madrassa students on Republic Day. He encouraged them to read the Bhagavad Gita alongside the Quran. The officer also emphasized environmental conservation, scientific temper, and tolerance. He highlighted the importance of upholding India's integrity and unity. This initiative follows his previous directive for police recruits to recite religious texts for a righteous life.

High earners often lack financial freedom due to poor life design. CA Abhishek Walia of Zactor Money explains rigid financial structures and commitments trap individuals. Heavy EMIs and fixed costs limit career flexibility. People cannot easily change jobs or pursue growth opportunities. True freedom stems from thoughtful life design, not just a high salary.

India's Republic Day sales saw a significant surge in online orders. For the first time, online payments surpassed cash on delivery. Consumers also shopped earlier in the day. Beauty and personal care products led the growth. This indicates a maturing Indian online shopper. Demand for themed merchandise was strong in smaller towns.

Quote of the day by Maya Angelou stands as a concise expression of the principles she lived by, grace without submission and strength without malice. More than a line of wisdom, it reflects a philosophy shaped by survival, creativity and moral courage.

Hindalco Industries is investing 210 billion rupees to expand its aluminium smelter in Odisha. The company has also commissioned a new facility for flat rolled products and battery-grade aluminium foil worth 45 billion rupees.

Hindalco Industries is investing 210 billion rupees to expand its aluminium smelter in Odisha. The company has also commissioned a new facility for flat rolled products and battery-grade aluminium foil worth 45 billion rupees. These significant investments support India's manufacturing goals. The projects are expected to create over 15,000 jobs.