Business

New Delhi: Shares of Spice Lounge Food Works continued to surge for the second consecutive day on Friday. The small-cap stock hit the upper circuit of 5%, closing at ₹36.28 per share on January 16. The rally follows the company’s recent acquisition of Singapore-based Prisha Infotech and the securing of master franchise rights for Wing Zone, bolstering its footprint in the food service and hospitality sectors. Recent Developments Driving Growth In December 2025, Spice Lounge Food Works fully acquired Prisha Infotech for $150,000. The acquisition allows the company to expand its technology-enabled solutions for the food service and hospitality industry. According to the company, “This acquisition aligns with Spice Lounge Food Works Limited’s long-term strategy for expansion, diversific...

New Delhi: Silver prices continued their upward trajectory for the sixth consecutive day in Delhi on Friday, climbing ₹3,600 to reach ₹2,92,600 per kilogram. The sharp rise is attributed to sustained buying by stockists, according to the All India Sarafa Association. In contrast, gold prices declined, with 99.9% purity gold falling by ₹1,100 to ₹1,46,200 per 10 grams (including all taxes), down from ₹1,47,300 per 10 grams on the previous trading day. Despite a softening in global markets, silver remains strong due to rising industrial demand, particularly from electronics, solar panels, and other manufacturing sectors. Six-Day Silver Surge The rally marks a 20.16% increase in silver prices, equivalent to a gain of ₹49,100 over just six days. On January 8, silver was priced at ₹2,4...

Malda, West Bengal, January 16, 2026: Prime Minister Narendra Modi is set to flag off India’s first Vande Bharat Sleeper train from Malda Town railway station in West Bengal on Saturday. The train will operate between Kolkata and Guwahati, strengthening rail connectivity between West Bengal and Assam. Alongside, the Prime Minister will inaugurate and lay the foundation for railway and road projects worth over ₹3,250 crore. Two Vande Bharat Sleeper trains have already been built. One will run from Kolkata (Howrah) to Guwahati (Kamakhya) and the other on the return route. Railway Minister Ashwini Vaishnaw confirmed that the Prime Minister will also unveil more than a dozen new trains in West Bengal during the event. The announcement comes ahead of assembly elections this year in five stat...

New Delhi, January 16, 2026: The International Monetary Fund (IMF) and the United Nations have both raised their economic growth forecasts for India, signaling the country’s emergence as a key engine of global growth. Strong domestic demand and government investment are driving a significant upswing in the economy. The IMF is expected to revise India’s growth rate upwards in its upcoming World Economic Outlook report, which is positive news for the nation. IMF spokesperson Julie Kozak indicated that India continues to play a crucial role in global economic growth. “India’s economy is showing strong momentum,” she said, adding that the IMF will likely raise its growth forecast for India above 6.6%, surpassing previous projections. The United Nations has also upgraded its estimates, proje...

India may impose a massive fine on tech giant Apple, the world’s third most valuable company, over alleged antitrust violations. According to a Reuters report, Apple could face a penalty of up to $38 billion (approximately ₹34.34 trillion) if the Competition Commission of India (CCI) calculates the fine based on global turnover. The dispute arises from allegations that Apple misused its position in the iOS App Store. The company has reportedly delayed responding to government officials for over a year, hindering the ongoing investigation. Apple has denied the allegations and is challenging the fine in court. The case is currently under review in the Delhi High Court. A confidential order dated 31 December revealed that Apple attempted to halt proceedings during the legal dispute over...

Gold and silver prices witnessed a decline today as the market opened. Silver dropped by over ₹6,000, while gold also saw a marginal fall. Here’s the detailed update from the MCX market. Silver Price Update:Silver experienced a significant fall at the market opening. The March 5 delivery of silver had closed at ₹2,91,577 per kg in the previous session, but today it opened at ₹2,87,127. During early trading, prices touched a low of ₹2,85,513 and a high of ₹2,88,901. By 9:45 AM, silver was trading at ₹2,88,128, down ₹3,449 or 1.18%. Gold Price Update:Gold also faced a minor decline. The February 5 delivery of gold had closed at ₹1,43,121 in the last session and opened today at ₹1,42,589. During early trading, gold touched a low of ₹1,42,400 and a high of ₹1,42,837. At 10:00 AM, it was ...

The Indian stock market opened strong on the last trading day of the week and continued its upward momentum throughout the session. The BSE Sensex surged by over 700 points, while the NSE Nifty50 traded near 25,850. Infosys shares led the rally with a nearly 5% jump, boosting the broader IT sector. Market SnapshotAt 10:40 AM, the Sensex was trading at 84,091.54, up 708.83 points (0.85%), while the Nifty50 stood at 25,859.95, gaining 194.35 points (0.76%). IT stocks witnessed significant buying interest following better-than-expected quarterly results from Infosys, along with an upward revision of the company’s full-year earnings guidance. Top GainersAmong the 30 Sensex constituents, Infosys, Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, and Power Grid showed the most n...

In a major setback for U.S.-based investment giant Tiger Global, the Supreme Court of India has ruled that the company must pay taxes in India on the capital gains earned when it exited Flipkart in 2018. The apex court overturned a Delhi High Court decision from August 2024, which had favored Tiger Global and dismissed the tax claim. Background of the CaseTiger Global had sold its $1.6 billion stake in Flipkart to Walmart in 2018. The dispute arose because the company had initially acquired Flipkart shares in Singapore between October 2011 and April 2015 and later transferred them to a Luxembourg-based entity, Fit Holdings SARL. When Walmart acquired a significant stake in Flipkart, Tiger Global exited the investment. Supreme Court’s VerdictA bench comprising **Justices J.B. Pardiwal...

Despite rising U.S. tariffs and global uncertainties, India’s merchandise exports in December posted a modest increase compared to the same month last year. Exports rose by 1.87% year-on-year to reach $38.5 billion, according to the Commerce Ministry, even as imports climbed 8.7% to $63.55 billion, resulting in a trade deficit widening from $20.6 billion to $25.04 billion. Mixed Performance Across Key MarketsWhile India’s exports to the United States fell by 1.83% to $688.6 million in December, exports to China surged 67.35% to $204.7 million. The U.S., India’s largest export market, saw the impact of a 50% tariff imposed on August 27, with cumulative exports from September to December totaling $25.6 billion, slightly down from $25.8 billion in the same period last year. In December,...

Megha Sarayan, a bright student from Kolkata, never imagined that her future would lie not in corporate offices, but amid ovens and cakes. What began as a casual baking workshop soon sparked a passion that transformed into a multi-crore business. Today, her brand Land of Cakes generates an annual revenue of ₹2 crore, all starting with just ₹5,000. Humble Beginnings in Mom’s KitchenIn 2017, while pursuing her studies, Megha started baking cakes as a hobby. Encouraged by friends, she listed her first product, a chocolate truffle cake, on Zomato. With no prior business experience, she began working from her mother’s kitchen, earning just ₹3,000 in the first month. Balancing college during the day and fulfilling orders at night, her dedication soon paid off. Megha then invested ₹5,000 to re...