Business
Stocks mixed despite GDP surprise amid hot US producer price inflation
The FTSE 100 struggled for direction on Thursday, weighing better-than-expected UK growth figures and a surprise pick-up in producer price inflation across the pond.
The FTSE 100 index closed up 12.01 points, 0.1%, at 9,177.24.
The FTSE 250 ended down 49.89 points, 0.2%, at 21,801.67, and the AIM All-Share finished 2.17 points higher, 0.3%, at 759.71.
In Europe, the CAC 40 in Paris rose 0.7%, while the DAX 40 in Frankfurt advanced 0.8%.
The Office for National Statistics said UK gross domestic product (GDP) rose 0.3% in the second quarter from the first, slowing from a 0.7% expansion in the first three months of the year.
According to market consensus cited by FXStreet, growth of 0.1% on-quarter had been expected for the three months to June.
Deutsche Bank analyst Sanjay Raja said the UK economy found an “unexpected second wind”.
“The economy expanded by 0.3% on the quarter. But mind the third decimal. Unrounded, UK GDP grew by 0.345% on the quarter – a hair’s breadth away from an even stronger surface print. This puts the UK on course to become the second fastest growing economy in the G7 (after claiming the top prize in Q1-25),” Mr Raja said.
But Mr Raja noted some areas of disappointment, such as household spending and business investment.
On-month, the UK economy rounded off the second quarter with a 0.4% expansion in June, following falls of 0.1% in each of May and April.
April’s figure was revised upwards from a drop of 0.3% before.
Goldman Sachs raised its forecasts for GDP growth in 2025 to 1.4% from 1.2%, above the 1.0% forecast by the Office for Budget Responsibility.
Mr Raja said: “To be sure, the economy is growing. Positive momentum is brewing.
“But animal spirits remain tepid.
“While the Chancellor is poised to focus her budget on improving productivity – a very welcome focus for the UK – Number 11 should also prioritise lifting household and business confidence to sustain the UK’s outperformance.”
In the US, producer prices shot up at a faster pace than expected in July.
The Bureau of Labour Statistics said the producer price inflation rate for July was 3.3%, the fastest 12-month gain since February and nearly a full percentage point up from June’s rate of 2.4%.
A much tamer acceleration to 2.5% was expected, according to consensus cited by FXStreet.
On-month, producer prices rose 0.9% in July from June, the largest monthly rise since January, and topping the consensus of a 0.2% increase.
Following a fairly benign consumer inflation print on Tuesday, the figures were seen as dampening hopes for widespread rate cuts later in the year.
“After a string of data pointing to greater odds of a September rate cut, the large upside surprise in producer prices highlights the dilemma the Federal Reserve faces in judging the risks to its dual mandate,” said Matthew Martin, at Oxford Economics.
But Veronica Clark, at Citi, said strength in services in both CPI and PPI was concentrated in a few specific components and not indicative of broad-based price pressures.
She continues to expect limited signs of persistent inflation and a weakening labour market will have Fed officials cutting rates by 25 basis points in September and each meeting after to a 3% to 3.25% rate.
Mr Martin is not so sure.
His baseline forecast expects the Federal Reserve to hold off on rate cuts until December, although he accepts “our near-term outlook for monetary policy is walking a tightrope” that will be shaped by the next employment and price reports.
The data saw stock markets ease, giving back a slice of recent gains, the dollar perk up, and bond yields push higher.
In New York, the Dow Jones Industrial Average was down 0.4%, the S&P 500 was 0.3% lower, as was the Nasdaq Composite.
The pound eased to 1.3541 dollars late on Thursday afternoon in London, compared with 1.3566 dollars at the equities close on Wednesday. The euro ebbed to 1.1650 dollars, lower against 1.1713 dollars. Against the yen, the dollar was trading higher at 147.72 yen compared with 147.24 yen.
The yield on the US 10-year Treasury was at 4.28%, widened from 4.23%. The yield on the US 30-year Treasury was 4.87%, stretched from 4.83%.
In London, insurance stocks were the flavour of the day with gains for Aviva and Admiral.
Aviva, which has more than 33 million customers and operates in more than 16 countries globally, rose 2.5% as it said pre-tax profit surged 30% to £1.27 billion in the first six months of the year from £978 million a year prior.
The London-based insurer said operating profit was 22% higher on-year at £1.07 billion from £875 million a year prior.
Gross written premiums were 4.7% higher at £6.29 billion from £6.01 billion.
It lifted its interim dividend by 10% to 13.1 pence per share from 11.9p.
“With operating profit up 22% (10% ahead of consensus) and the interim dividend up 10% (2% ahead of consensus), Aviva’s recent run of success appears to have continued,” Jefferies analyst Philip Kett said.
Admiral jumped 5.6% after reporting strong first-half results, led by growth in its motor insurance business, where profits leapt 56% year-on-year.
The FTSE 100-listing said pre-tax profit rose 67% to £516.1 million in the six months to June 30 from £309.8 million the year prior.
Pre-tax profit from continuing operations jumped 69% to £521.0 million from £307.6 million, beating the £508 million Visible Alpha consensus.
“Another great update from the gift that keeps on giving,” said Bank of America.
Centrica climbed 3.4% as it said it had agreed, along with Energy Capital Partners LLP, to buy the Isle of Grain liquefied natural gas terminal in Kent from National Grid for an enterprise value of £1.5 billion.
Rolls-Royce rose 2.1% as UBS raised its share price target to 1,375 pence from 1,075p, driven primarily by “our likely above-management pricing expectations and above-guidance margin assumptions in Civil and Power Systems, where we see further opportunity for turnaround benefits to be realised”.
In an upside scenario, UBS sees 2,000p fair value as “credible”.
A barrel of Brent rose to 66.80 dollars late on Thursday afternoon from 65.51 dollars on Wednesday. Gold eased to 3,339.74 dollars an ounce against 3,356.28 dollars.
The biggest risers on the FTSE 100 were Admiral, up 192 pence at 3,560p, Centrica, up 5.5p at 167.6p, BAE Systems, up 44.5p at 1,776p, Aviva, up 16.2p at 675.2p and Babcock International, up 21.5p at 988.5p.
The biggest fallers on the FTSE 100 were Rio Tinto, down 188p at 4,480.5p, Beazley, down 24p at 776p, Diploma, down 130p at 5,315p, Persimmon, down 26p at 1,103p, and Halma, down 62p at 3,224p.
There are no significant events in the local corporate calendar on Friday.
The global economic calendar on Friday has US retail sales and industrial production data.
Contributed by Alliance News
Business
National Startup Day 2026: How India’s Startups Are Shaping The Future
Last Updated:
National Startup Day highlights India’s thriving startup ecosystem, celebrating innovation, entrepreneurship and job creation driven by founders, unicorns and Startup India mission
National Startup Day 2026 honours Indian startups, entrepreneurs and innovators driving economic growth and job creation.
National Startup Day 2026: India’s startup ecosystem has evolved into one of the world’s most vibrant and promising innovation hubs. To recognise the contribution of entrepreneurs, founders and startups transforming ideas into impactful solutions, National Startup Day is observed every year on January 16 across the country.
Launched by Prime Minister Narendra Modi in 2022, the day celebrates visionary entrepreneurs who play a crucial role in economic growth, employment generation and technological advancement.
National Startup Day serves as a reminder that innovation, backed by determination and policy support, can reshape society and create global impact.
National Startup Day 2026 Theme
The official theme for National Startup Day 2026 is yet to be announced. However, the core focus areas are expected to revolve around:
- Innovation and emerging technologies
- Entrepreneurship and leadership
- Self-reliance (Atmanirbhar Bharat)
- Startup India Mission
- Youth empowerment
- Job creation
How Startups Are Shaping India’s Future
India currently ranks as the third-largest startup ecosystem globally, with over 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of early 2025. Backed by 100+ unicorns, the ecosystem continues to grow rapidly.
Metro cities such as Bengaluru, Hyderabad, Mumbai and Delhi-NCR lead this expansion, while Tier-2 and Tier-3 cities are emerging as new innovation centres, adding diversity and scale to India’s entrepreneurial journey.
Startups across fintech, edtech, health-tech, e-commerce and deep-tech are addressing real-world challenges and gaining global recognition. Technologies like artificial intelligence, blockchain and IoT are increasingly driving innovation, according to Startup India ecosystem reports.
Industry-Wise Startup Impact
DPIIT-recognised startups have generated over 16.6 lakh direct jobs across sectors as of October 31, 2024, strengthening India’s employment landscape.
- IT Services: 2.04 lakh jobs
- Healthcare & Life Sciences: 1.47 lakh jobs
- Commercial & Professional Services: 94,000 jobs
Through the Startup India initiative, the government continues to focus on skill development, funding access, ecosystem collaboration and global outreach.
Key Initiatives Under Startup India
- Capacity building and mentorship
- Outreach and awareness programmes
- Ecosystem development events
- International exposure and global linkages
- Collaboration between startups, corporates and institutions.
January 16, 2026, 07:00 IST
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Business
Govt keeps petrol, diesel prices unchanged for coming fortnight – SUCH TV
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
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