Ahead of Budget 2026-27, business leader and former Infosys board member TV Mohandas Pai said the Indian economy is in good shape, with growth expected at 7.5 per cent or higher in the current financial year, and jobs being created at a fast pace, news agency IANS reported. He emphasised that the government must maintain a strong focus on job creation in the upcoming budget. While speaking to the media on Friday, Pai highlighted that 1.2–1.4 crore new members are joining EPFO and contributing through Aadhaar. Pai also remarked, "Don't believe all these leftist JNU people who say there are no jobs. The jobs are happening." "However, the tragedy of India is that we are in the midst of a youth bulge. Between 1990 and 2010, about 50 crore children were born. Now, they're all growing up and coming into the workforce. Every year, two and a half crore young people come into the workforce, and a majority of them want jobs," added Pai. 80 per cent of jobs in India pay less than Rs 20,000 The former Infosys board member said that maybe 1.82 crore people want jobs every year, but 80 per cent of jobs pay less than Rs 20,000, so it is important to create high-paying jobs, especially in urban areas. While coming out strongly in favour of expanding the Kaushal scheme launched by the Centre, Pai thinks that the 2026-27 budget should majorly focus on job creation and more schemes that could provide incentives to the private sector for creating more employment. "First, declare 350 poor districts as employment, special employment zones (SEZs), and say anybody creating a job there, paying ESI and PF, will get Rs 2,000 a month as an incentive for 24 months for that employee," Pai said. He contended that this would defray the cost of hiring and training in that particular place. Because when you go to the rural areas and hire people, you've got to train them up, he said. Pai further stated, "They say their skill is there, but you don't get it. And also, the government must pay the ESI and PF contribution for that employee for two years, which is already there in the Kaushal scheme. And that will create a lot of jobs in the 350 poorest districts." Pai emphasised that there was a need to invest in developing infrastructure in the 5,000 smaller towns all over India. "In the smaller cities, there will be job creation. And because we don't get excess labour supply in the bigger cities, wages will go up everywhere," he said, adding that the country’s banking sector is in great shape. He also said that investment is going up in the economy, with next year’s GDP growth expected at 6.5 to 7 per cent despite the global uncertainties. The investment would be about Rs 95 lakh crore, which is more than a trillion dollars, believes Pai. (With inputs from IANS)
09 January,2026 09:01 PM IST | New Delhi | mid-day online correspondentBMW Group India has called on the Centre to maintain the 5 per cent goods and service tax (GST) on electric vehicles (EVs) in the upcoming Union Budget 2026, stressing that any increase could hamper adoption and affect the automotive industry. Hardeep Singh Brar, president and CEO of BMW Group India, told PTI that while the government has managed the economy well, the GST rate on EVs should remain unchanged. “I think the government has done a fantastic job in terms of managing the overall economy and making sure that we don't drop below the 7 per cent mark, which is very crucial for the country. I don't think we have more expectations from them,” Brar said. He added, “The only request would be not to touch the GST slab of EVs because it keeps coming back that the GST on these vehicles will be increased. If it happens, I think it will be very detrimental because EV penetration is still about 4 per cent in India, compared to more than 10 per cent in developed countries, and 40 per cent in China. Until adoption reaches a higher level, increasing GST could hurt the industry.” VIDEO | Union Budget 2026: BMW pitches for retaining 5 per cent GST on EVs in forthcoming BudgetHardeep Singh Brar, President and CEO at BMW Group India, told PTI, "I think the government has done a fantastic job in terms of managing the overall economy and making sure that we… pic.twitter.com/lBbghnTFK8 — Press Trust of India (@PTI_News) January 9, 2026 Brar also highlighted that the higher manufacturing costs of EVs, which are 40–50 per cent higher than internal combustion engine (ICE) vehicles, and said the current GST rate helps bridge this gap. BMW India records strong sales growth BMW India reported a 14 per cent growth in 2025, outperforming the overall market, which grew at about 5–6 per cent, PTI reported. The company sold 18,001 vehicles last year, with 6,000 units in Q4 alone. Brar outlined BMW’s ongoing strategy of product refreshes, network expansion, and electrification. “We are now present in 40 cities with nearly 100 touchpoints and plan to add 10 more next year. Two major pillars of our strategy are electrification and long-wheelbase models,” he said. The company has significantly increased its EV penetration, from 8 per cent in 2024 to 21 per cent in 2025, with Q4 seeing a jump to 23 per cent due to better supply. BMW plans to launch three new electric vehicles in 2026, aiming to reach 25 per cent EV penetration in its portfolio. BMW’s MINI brand, which had limited new models last year, launched the MINI Convertible, which sold out in its first month. Brar told PTI that 10 new MINI models and special editions will be launched this year, with plans to double MINI volumes in 2026. BMW India is investing Rs 400 crore in upgrading customer experience through lounges and enhanced dealership spaces. “People are spending more time here, which increases brand engagement and loyalty,” Brar noted. (With PTI inputs)
09 January,2026 02:46 PM IST | MumbaiGold prices edged lower in early trade on Friday, while silver also witnessed a marginal decline across major Indian cities. The price of 24-carat gold slipped by Rs 10 to Rs 1,37,990 per 10 grams. Similarly, 22-carat gold eased by Rs 10, with 10 grams trading at Rs 1,26,490. In Mumbai and Kolkata, 10 grams of 24-carat gold was priced at Rs 1,37,990, while the rate in Chennai stood slightly higher at Rs 1,39,080. In the national capital, Delhi, 10 grams of 24-carat gold was selling at Rs 1,38,140. For 22-carat gold, prices in Mumbai, Kolkata, Bengaluru, and Hyderabad were steady at Rs 1,26,490 per 10 grams. Chennai recorded a higher rate of Rs 1,27,490, while Delhi saw 22-carat gold trading at Rs 1,26,640 per 10 grams. Silver prices also declined by Rs 100 in early trade. One kilogram of silver was priced at Rs 2,51,900 in Delhi, Mumbai, and Kolkata. In Chennai, however, silver was trading at a higher rate of Rs 2,71,900 per kilogram. Silver slides nearly 3.5 pc on MCX Meanwhile, silver prices fell sharply on Thursday as selling pressure increased ahead of the annual rebalancing of global commodity indexes and the release of key US economic data. On the Multi Commodity Exchange (MCX), silver dropped nearly 3.5 per cent to trade below Rs 2,42,000 per kilogram during the session. The decline came after passive investment funds were expected to reduce their holdings in precious metals futures to match new index weightings. The selling is seen as heavier than usual following the strong rally in gold and silver in recent months. While writing the article, silver moved between an intra-day low of Rs 2,48,163 and a high of Rs 2,51,889, compared with the previous close of Rs 2,50,605. In the previous trading session, MCX silver had already fallen sharply, slipping by as much as Rs 11,700 per kilogram to touch a low of Rs 2,47,100. The key accumulation zone remains Rs 2,45,000–Rs 2,48,000 -- highlighting silver’s role as a high-beta outperformer within the precious metals complex, as per market watchers. In international markets, COMEX silver showed limited recovery. Prices erased early gains and were trading slightly higher at USD 77.780 per ounce. Earlier in the session, silver had risen to an intra-day high of $78.875 per ounce, gaining around 1.5 per cent after Wednesday’s selloff. Market participants remain cautious as index rebalancing-related flows and upcoming US economic data are likely to keep silver prices volatile in the near term. (With inputs from Agencies)
09 January,2026 10:09 AM IST | Mumbai | mid-day online correspondentThe rupee fell 3 paise to 89.90 against the US dollar in early trade on Thursday weighed down by a rise in global crude oil prices and FII outflows. A strengthening dollar and weaker sentiments in the domestic equity markets put additional pressure on the rupee, forex traders said. At the interbank foreign exchange, the rupee opened at 89.96 against the US dollar and later rose to 89.90, lower by 3 paise from its previous close. The rupee rose 31 paise to close at 89.87 against the US dollar on Wednesday on possible intervention by the Reserve Bank of India (RBI) and a fall in global crude oil prices. "The RBI capped the dollar strength against rupee at 90.30 and did not allow it go beyond this by selling at 90.22 levels on Wednesday, despite the constant dollar demand from FPIs and importers who kept buying dollars on all dips up to 89.75," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. "Today the upside seems to be capped while the downside could extend to 89.50 if the RBI continues to intervene in the market," he said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent higher at 98.69. Brent crude, the global oil benchmark, was trading 0.38 per cent higher at USD 60.19 per barrel in futures trade. On the domestic equity market front, the 30-share benchmark index Sensex declined 255.86 points to 84,705.28 in early trade, while the Nifty slipped 65.9 points to 26,074.85. Foreign institutional investors offloaded equities worth Rs 1,527.71 crore on Wednesday, according to exchange data. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
08 January,2026 10:38 AM IST | Mumbai | PTIGold prices edged lower in early trade on Thursday, while silver registered a marginal uptick across major markets. The price of 24-carat gold slipped by Rs 10 to Rs 1,38,260 per 10 grams. Meanwhile, silver prices rose by Rs 100, with one kilogram trading at Rs 2,57,100. Similarly, 22-carat gold declined by Rs 10, with 10 grams priced at Rs 1,26,740. Across key cities, 10 grams of 24-carat gold was priced at Rs 1,38,260 in Mumbai and Kolkata, while the rate stood higher at Rs 1,39,630 in Chennai. In the national capital, Delhi, the yellow metal was trading at Rs 1,39,640 per 10 grams. For 22-carat gold, prices in Mumbai, Kolkata, Bengaluru and Hyderabad remained uniform at Rs 1,26,740 per 10 grams, while Chennai recorded a higher rate of Rs 1,27,990. In Delhi, 10 grams of 22-carat gold was priced at Rs 1,28,010. Silver prices were steady at Rs 2,57,100 per kilogram in Delhi, Kolkata and Mumbai. However, Chennai continued to command a premium, with silver trading at Rs 2,77,100 per kilogram. In the international market, spot gold fell by USD 45.22, or 1.01 per cent, to USD 4,449.87 per ounce. Spot silver was trading lower by USD 2.55, or 3.15 per cent, to USD 78.69 per ounce. During the session, the white metal climbed by USD 1.45, or 1.8 per cent, to hit an intraday high of USD 82.75 per ounce in the overseas trade. 86 pc of Indians see jewellery as core wealth asset, Gen Z accelerates shift Meanwhile, about 86 per cent of Indian consumers now consider gold and jewellery a preferred instrument for wealth creation, underscoring the category’s enduring “asset” role, nearly matching market-linked products such as mutual funds and stocks (87 per cent), a report showed on Wednesday. India’s jewellery market is undergoing a fundamental reset, as consumers increasingly view jewellery as an everyday expression of identity, lifestyle and value alongside its ceremonial heirloom role, according to a Deloitte India report. The findings showed that jewellery’s role in consumer portfolios is expanding beyond wealth preservation. About 56 per cent of consumers now view jewellery as both an investment and a fashion accessory, while 28 per cent purchase jewellery purely as an investment. The report further stated that men and consumers aged 45 and above display a stronger inclination towards investment-led purchases, while younger cohorts increasingly prioritise style, personalisation and versatility. Gen Z and millennials are accelerating this shift by actively diversifying their jewellery portfolios and moving towards everyday wear. The report finds that 51 per cent of Gen Z show a preference for silver and 34 per cent for platinum. Nearly 49 per cent of respondents prefer lightweight, minimalist jewellery over heavy, ornate sets (15 per cent), reflecting a move towards repeatable, affordable luxury. Notably, 45 per cent of Gen Z and millennials prefer investing in silver jewellery, driven by design-forward appeal, accessibility and lower price points, positioning silver as a complementary, everyday category alongside gold. (With inputs from Agencies)
08 January,2026 09:33 AM IST | Mumbai | mid-day online correspondentThe rupee rose 26 paise to 89.92 against US dollar in early trade on Wednesday aided by a weaker greenback and a sharp drop in global crude oil prices. At the interbank foreign exchange, the rupee opened at 90.20 against the US dollar but kept rising to trade at 89.92, up 26 paise from its previous close. The rupee snapped its four-day losing streak to appreciate 12 paise to settle at 90.18 against the American currency on Tuesday. "The rupee opened firmer even as (US President) Donald Trump continues to threaten India with more tariffs. Exporters are expected to continue selling at high of the day on cash/spot basis while importers will buy the dips and more if the fall is close to 90 for the dollar," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.52. Brent crude, the global oil benchmark, was trading 1.05 per cent lower at USD 60.06 per barrel in futures trade. On the domestic equity market front, the 30-share benchmark index Sensex declined 169.64 points to 84,909.30 in early trade, while Nifty was down 42.35 points to 26,128.90. Foreign institutional investors offloaded equities worth Rs 107.63 crore on Tuesday, according to exchange data. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
07 January,2026 11:59 AM IST | Mumbai | PTIGold prices edged higher in early trade on Wednesday, while silver also recorded modest gains across major Indian cities. According to market data, the price of 24-carat gold rose by Rs 10 to Rs 1,38,830 per 10 grams. Meanwhile, silver prices increased by Rs 100, with one kilogram trading at Rs 2,53,100. The price of 22-carat gold also saw a marginal rise of Rs 10, with 10 grams of the yellow metal selling at Rs 1,27,260. Across key markets, 10 grams of 24-carat gold was priced at Rs 1,38,830 in Mumbai and Kolkata, while Chennai saw higher rates at Rs 1,39,980. In the national capital, Delhi, the precious metal was trading at Rs 1,38,980 per 10 grams. For 22-carat gold, prices in Mumbai, Kolkata, Bengaluru, and Hyderabad stood at Rs 1,27,260 per 10 grams, while Chennai recorded a higher rate of Rs 1,28,310. In Delhi, 10 grams of 22-carat gold was priced at Rs 1,27,410. Silver prices remained uniform in several cities, with one kilogram selling at Rs 2,53,100 in Delhi, Kolkata, and Mumbai. In Chennai, however, silver continued to command a premium, trading at Rs 2,71,100 per kilogram. Stock markets decline in morning trade on geopolitical concerns, renewed tariff hike threats Meanwhile, benchmark indices Sensex and Nifty drifted lower in early trade on Wednesday as geopolitical tensions and renewed concerns about potential US tariff hikes weighed on investor sentiments. Sustained foreign fund outflows also dragged markets lower during the initial trade. The 30-share BSE Sensex declined 169.64 points to 84,909.30 in early trade. The 50-share NSE Nifty went down 42.35 points to 26,128.90. From the 30-Sensex firms, Tata Motors Passenger Vehicles, Bharti Airtel, HDFC Bank, Bajaj Finserv, Bajaj Finance, and Maruti were among the biggest laggards. However, Titan, Infosys, HCL Tech, Tech Mahindra, and Reliance Industries were among the gainers. Foreign institutional investors offloaded equities worth Rs 107.63 crore on Tuesday, according to exchange data. Domestic institutional investors, however, bought stocks worth Rs 1,749.35 crore. In Asian markets, South Korea's Kospi index and Shanghai's SSE Composite index traded higher, while Japan's Nikkei 225 index and Hong Kong's Hang Seng index quoted lower. US markets ended higher on Tuesday. Brent crude, the global oil benchmark, declined 0.87 per cent to USD 60.17 per barrel.
07 January,2026 11:04 AM IST | Mumbai | mid-day online correspondentGold prices in the last few days have been extremely volatile. Considering that the yellow metal also holds a special place in Indian culture, the demand for the metal has been high despite the surge in prices. From festivals to wedding seasons, Indians traditionally buy gold both for ceremonial reasons and as a long-term store of value. In the global economic context, gold prices are influenced by factors such as international demand, US dollar movement, geopolitical tensions, central bank purchases, and interest rate expectations. Despite being heavily in demand, the prices of gold last week crossed the Rs 1,40,000 mark. However, considering the volatility, the prices again went down to the Rs 1.4 lakh mark for the 24-carat gold. Gold prices in Mumbai The gold prices in Mumbai, after crossing the 1.40 lakh mark again, went down. At the time of writing, the price of 24-carat gold in Mumbai on Saturday was recorded at Rs 1,36,350 for 10 grams, whereas the price of 22-carat gold was recorded at Rs. 1,25,000 for 10 grams. Gold Prices in Delhi Apart from Mumbai, the national capital has also been experiencing a highly volatile gold pricing. The price of 24-carat gold in Delhi on Saturday was recorded at Rs 1,36,490 for 10 grams, whereas the price of 22-carat gold stood at Rs. 1,25,140 for 10 grams. Rally in industrial metals pushes household goods prices Along with gold, industrial metals including copper, aluminium and nickel have also surged sharply due to tightening supply and robust demand. As per IANS, aluminium climbed past the USD 3,000 a tonne mark for the first time in over three years, while copper traded near all-time highs, surging beyond the USD 12,000 per tonne mark. Many household appliance manufacturers struggled to absorb higher input costs, which affected household budgets, with copper‑intensive goods such as air air‑conditioners, kitchen appliances, bath fittings and cookware facing higher costs. Copper touches the Rs 1.3 lakh mark Copper on the MCX recently touched Rs 1,300 per kg, up over 6 per cent. Manufacturers plan price increases of 5–8 per cent to protect margins, multiple reports said. Bathware manufacturers face further pressure as brass, a copper-based material, has seen double-digit price increases since the start of the financial year, reported IANS. (With inputs from IANS)
03 January,2026 12:32 PM IST | Mumbai | mid-day online correspondentThe rupee witnessed range-bound trade in the morning session on Friday, appreciating by 6 paise to 89.92 against the US dollar as thin liquidity conditions accentuated everyday demand-supply imbalances, keeping the rupee tilted toward weakness. Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India. Moreover, the support from positive domestic equities was offset by sustained foreign fund outflows. At the interbank foreign exchange market, the rupee opened at 89.95 against the US dollar, then gained some ground and touched 89.92, rising by six paise from its previous close. On Thursday, the rupee depreciated 10 paise to close at 89.98 against the US dollar. "Unless RBI comes and sells dollars heavily, the movement is going to be in small ranges as seen in the last three sessions. The pair is seen in a holding pattern between 89.80 and 90, considering the narrow range," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP. Bhansali further noted that corporate demand, FPI demand, and government demand have been the salient features of the rupee over the past year, during which it fell by more than 5 per cent and became the worst-performing Asian currency, though partly protected by the RBI. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally down by 0.15 per cent at 98.17. Brent crude, the global oil benchmark, was trading 0.38 per cent higher at USD 61.08 per barrel in futures trade. "With early-year liquidity still thin and domestic fundamentals offering a mixed but stable backdrop, the rupee appears set to remain range-bound in the near term. As long as USD/INR stays below the 90 handle, the balance of risks tilts mildly in favour of the rupee," CR Forex Advisors MD Amit Pabari said, adding that against this backdrop, USD/INR is expected to trade in a 89.30 90.20 range. On the domestic equity market front, the 30-share benchmark index Sensex climbed 158.19 points to 85,346.79 in early trade, while the Nifty was up 55.8 points to 26,202.35. Foreign institutional investors offloaded equities worth Rs 3,268.60 crore on Thursday, according to exchange data. On the domestic macroeconomic front, gross GST collections rose 6.1 per cent to over Rs 1.74 lakh crore in December 2025, on slow growth in revenues from domestic sales following the sweeping tax cuts, according to government data released on Thursday. Gross Goods and Services Tax (GST) revenue in December 2024 was over Rs 1.64 lakh crore. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
02 January,2026 10:15 AM IST | Mumbai (Maharashtra) | PTIGold prices inched higher in early trade on Friday, while silver witnessed a marginal decline across major Indian markets, reflecting mixed cues in the bullion segment amid steady demand and global price movements. According to market data, the price of 24-carat gold rose by Rs 10 to trade at Rs 1,35,070 per 10 grams. The uptick was mirrored in 22-carat gold as well, which also gained Rs 10, with 10 grams of the yellow metal priced at Rs 1,23,810. Traders attributed the slight rise in gold prices to firm global trends and continued investor interest in safe-haven assets. Silver, however, moved in the opposite direction. The price of the white metal declined by Rs 100, with one kilogram selling at Rs 2,37,900 in key markets. Market participants noted that silver prices remained volatile due to fluctuations in industrial demand and international cues. City-wise, the price of 10 grams of 24-carat gold stood at Rs 1,35,070 in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,36,130. In the national capital, Delhi, 10 grams of 24-carat gold was priced slightly higher at Rs 1,35,220. For 22-carat gold, Mumbai reported a price of Rs 1,23,810 per 10 grams, a rate that was also seen in Kolkata, Bengaluru, and Hyderabad. Chennai again traded at a premium, with 10 grams of 22-carat gold priced at Rs 1,24,390. In Delhi, the same quantity of 22-carat gold was available at Rs 1,23,960. Silver prices showed relative uniformity across most regions. In Delhi, Kolkata, and Mumbai, one kilogram of silver was priced at Rs 2,37,900. Chennai remained an outlier, with silver trading significantly higher at Rs 2,55,900 per kilogram. Bullion experts said gold prices are likely to remain range-bound in the near term as investors await clearer signals from global markets, including movements in the US dollar and interest rate expectations, while silver may continue to see short-term volatility driven by industrial demand trends. Gold kicks off 2026 on a firm note; silver slides after record rally Meanwhile, gold prices started the new year on a firm note on Thursday, rising by Rs 640 to Rs 1,38,340 per 10 grams in the national capital, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had closed at Rs 1,37,700 per 10 grams on Wednesday. However, silver prices extended losses for the second consecutive day, depreciating Rs 1,600 to Rs 2,37,400 per kilogram (inclusive of all taxes) from the previous close of Rs 2,39,000 per kg. The rally in both gold and silver during 2025 was spectacular. The yellow metal delivered returns of 73.45 per cent. Meanwhile, silver outperformed gold with a surge of about 164 per cent. In the international markets, spot gold slipped by USD 28, or 0.65 per cent, to close at USD 4,310.89 per ounce on Wednesday.
02 January,2026 09:45 AM IST | Mumbai | mid-day online correspondentUnlike most global markets, Indian stock exchanges will remain open for trading on Thursday, January 1, 2026, even as international bourses shut for New Year celebrations. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will operate as usual, allowing trading in equities, equity derivatives, and currency derivatives. Commodity markets to operate with limited hours Commodity trading will also continue on New Year’s Day, though with curtailed timings. The Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX) will be operational during the morning session from 9 am to 5 pm, while the evening session will remain closed, resulting in a shortened trading day, as per the reports. Global bourses shut for New Year Most major international stock markets will remain closed on January 1 due to New Year holidays. Exchanges in China, Hong Kong, Japan, Singapore, France, Germany, the UAE, the UK, and the US will not operate. China and Japan will also observe extended holidays, keeping their markets shut on January 2. Indian market holidays in 2026 Indian exchanges have released the official trading holiday calendar for 2026, under which markets will remain closed for 15 days, one more than in 2025. The first trading holiday of the year will be Republic Day on January 26, followed by closures on Holi, Good Friday, and Christmas, among others. The final holiday of the year falls on December 25. No Diwali closure Notably, there will be no Diwali trading holiday in 2026, as the festival falls on a Sunday, which is already a non-trading day, according to reports. What it means for investors While global markets pause, Indian equity and commodity markets will stay active on January 1, offering investors an opportunity to trade amid limited international participation. With the 2026 holiday calendar now out, traders can plan their investment strategies well in advance, as per reports. Here’s what will be open in Mumbai and India on January 1, 2026: Central government offices: Mostly open, as January 1 is a restricted holiday Banks: Most bank branches in Mumbai and Maharashtra are open Stock markets: BSE and NSE remain open for regular trading Retail shops and malls: Open; many offer New Year sales Restaurants and cafes: Open, often with extended hours Public transport: BEST buses, local trains, metro and taxis operate Emergency services: Hospitals, police and ambulances function normally Private offices: Open, subject to company policy Tourist attractions: Remain open
31 December,2025 03:47 PM IST |ADVERTISEMENT
