Mumbai-based Lodha Developers has signed a memorandum of understanding (MoU) with the government of Maharashtra to invest Rs 1 trillion, in addition to its earlier investment commitment of Rs 30,000 crore, to develop a 2.5 gigawatt (GW) data centre park in the state.

Once completed, the data centre is slated to be the largest in India. The MoU was signed by Abhishek Lodha, managing director and chief executive officer of Lodha Developers, at the World Economic Forum 2026 in Davos, Switzerland.

The BSE Smallcap index hit an over eight-month low of 48,287.29, falling 1.6 per cent on the BSE in Tuesday’s intra-day trade amid selling pressure due to ongoing tariff-related concerns and rising geopolitical tensions.

The BSE Smallcap index now quotes at its lowest level since May 12, 2025. The index had hit a 52-week low of 41,013.68 on April 7, 2025.

Days after the death of a software engineer whose car plunged into a water-filled pit in Noida, Congress leader Rahul Gandhi on Tuesday said India's urban collapse is not about lack of money, technology, or solutions but about the lack of accountability.

Yuvraj Mehta (27), who worked in Gurugram, was returning to his home in Noida Sector 150 when his car fell into a deep.

Sweden's Ikea will more than double its investment in India to over ₹20,000 crore ($2.20 billion) in the next ‍five years as the furniture ​retailer plans to open more stores and increase sourcing locally, a top executive said on Monday.

Ikea , which opened its first India store in 2018 in the southern city of Hyderabad, will begin accepting online orders in four other cities where it currently does not have a physical presence, including Chennai and Coimbatore, in Tamil Nadu ​state.

Bihar Chief Minister Nitish Kumar on Tuesday announced that all pending applications for land measurement will be cleared by January 31 through a special drive.

He asserted that the decision is part of the seventh resolve 'Sabka Samman Jeevan Aasan' of the government's Saat Nischay-3 programme (2025-30), which focuses on reducing day-to-day hardships faced by citizens.

India and the United Arab Emirates (UAE) on Monday signed a letter of intent towards the conclusion of a strategic defence partnership during UAE President Sheikh Mohamed bin Zayed Al Nahyan’s official visit to India.

A Ministry of External Affairs (MEA) release said that Prime Minister Narendra Modi and President Al Nahyan welcomed the development.

Indian-American President of the World Bank Group, Ajay Banga, and US Secretary of State Marco Rubio are among the leaders named to the 'Board of Peace' for Gaza redevelopment under President Donald Trump's comprehensive plan to end the conflict.

The White House on Friday released a list of appointed members to the founding Executive Board of the Board of Peace, which it said comprises leaders with "experience across diplomacy, development, infrastructure, and economic strategy".

The HDFC ERGO board of directors on Friday announced the resignation of Anuj Tyagi, managing director and chief executive officer of HDFC ERGO General Insurance. He submitted his resignation on January 16, 2026, to pursue his entrepreneurial aspirations. The board said it has initiated a structured succession process to ensure continuity and stability.

Bharat Forge Limited (BFL) has secured defence contracts worth ₹300 crore under the Emergency Procurement–VI (EP-VI) framework for supplying indigenous unmanned systems to the security forces.

These platforms are primarily intended for induction into the Indian Army, with select systems also deployed by the Indian Navy, highlighting the push for indigenous technology to meet urgent operational requirements.

Air India on Friday said it has signed a commercial cooperation framework agreement with Singapore Airlines as part of which the carriers will, among other things, explore ways to improve connectivity between Singapore and India.

Singapore Airlines holds a 25.1 per cent stake in the Tata Group-backed airline.

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