Friends according to the media reports.here is weekly top business updates (January 8–14, 2026) include key quarterly earnings reports from major tech and financial firms, market volatility driven by geopolitical events and US tariff concerns, and significant corporate developments such as the Saks Global bankruptcy filing and quick commerce rebranding.
Market Volatility and Geopolitical Tensions
Global markets experienced volatility due to several factors, including ongoing geopolitical tensions in Iran and concerns over US trade policy. The US Justice Department\'s probe into Federal Reserve Chair Jerome Powell also added to market uncertainty, though global central banks expressed solidarity with Powell to maintain Fed independence.
US Tariffs: US President Trump introduced a 25% tariff on countries trading with Iran, which could impact economies like India and China. China reported a record trade surplus of $1.2 trillion in 2025 despite existing tariffs.
Commodities: Gold and silver prices surged to new highs as investors sought safe-haven assets amid the global turmoil.
Indian Markets: Indian stock markets saw significant foreign fund outflows and extended losses for multiple sessions. The Nifty 50 is expected to offer only modest returns of around 7.6% by the end of 2026 due to high valuations.
Key Corporate and Financial Updates
Several companies released their Q3 earnings reports, and other corporate news made headlines.
Tech Earnings: Infosys reported a slight drop in Q3 net profit to ₹6,654 crore but raised its FY26 revenue guidance, indicating optimism around AI monetization. Tata Elxsis profit fell by 30% due to a one-time labor law charge.
Financial Results: HDFC AMCs Q3 net profit jumped 20% to ₹769 crore, while Union Bank of Indias profit rose 9%. US banks like Bank of America and Wells Fargo also beat EPS and revenue estimates for Q4 2025.
Corporate News: Luxury retailer Saks Global filed for Chapter 11 bankruptcy protection. Quick commerce platforms like Swiggy and Zepto agreed to drop their 10-minute delivery claims after intervention from the Indian government.
Investments & IPOs: Flipkart is set to profit from an investment in the logistics firm Shadowfax, which is preparing for its IPO. SEBI approved six companies for upcoming IPOs, including Kissht and Alcobrew Distilleries.
Thanks for connecting business Khabri.
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