Business
Union Budget 2026 On February 1? NSE Reviews Plan To Open Markets On Sunday
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NSE may open equity markets on Sunday, February 1, 2026, if the Union Budget is presented by Nirmala Sitharaman that day. Final decision awaits official government announcement.
NSE is considering to open equity market on Sunday, February 01, in case the budget 2026 is tabled on the same date.
Stock Market Trading Update: The National Stock Exchange (NSE) is considering the option of opening equity markets on Sunday, February 1, 2026, in case the Union Budget is tabled on that day.
The exchange has said that no final call has been taken yet and that a decision will be made only after the central government officially announces the Budget timetable. For now, the proposal is under internal review.
If approved, trading on a Sunday would not be unprecedented. In the past, stock exchanges have remained operational on non-trading days when the Union Budget was presented on a weekend or public holiday.
In a statement issued on December 8, 2025, the NSE said it is examining the operational feasibility of conducting market activities on February 1, which falls on a Sunday next year.
Finance Minister Nirmala Sitharaman is expected to present the Union Budget for FY 2026–27 on Sunday, February 01, 2026. Traditionally, the Budget presentation is preceded by the release of the Economic Survey, followed by a briefing from Chief Economic Advisor V. Anantha Nageswaran and other senior government officials
If the date gets approval from the government, it will be a rare Sunday sitting of Parliament for the annual financial statement. The Union Budget has been presented on February 1 every year since 2017, regardless of the day of the week.
The government has yet to officially announce the date of budget.
Stock markets in India typically operate from 9:15 am to 3:30 pm, Monday to Friday, with a pre-open session from 9:00 am to 9:15 am. Trading remains closed on weekends and on exchange-declared holidays. However, on rare occasions such as the Union Budget being presented on a non-trading day, exchanges may consider opening markets to allow investors to react to key policy announcements in real time.
January 06, 2026, 09:57 IST
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Business
Government to water down business rate rise for pubs
Simon Jack,BBC Business Editorand
Lucy Hooker,Business reporter
Getty ImagesA climbdown on forthcoming increases to the business rates bills faced by pubs in England is set to be announced by the government in the next few days.
The government is expected to say it will make changes to how pubs’ business rates are calculated, resulting in smaller rises to bills.
Treasury officials say they have recognised the financial difficulties facing many pubs after sharp rises in the rateable value of their premises.
The move follows pressure from landlords and industry groups that included more than 1,000 pubs banning Labour MPs from their premises.
The BBC understands it will apply only to pubs and not the whole hospitality sector.
The Treasury is also thought to be ready to relax licensing rules to allow longer opening and more pavement areas for drinking.
In her November Budget, Chancellor Rachel Reeves scaled back business rate discounts that have been in force since the pandemic from 75% to 40% – and announced that there would be no discount at all from April.
That, combined with big upward adjustments to rateable values of pub premises, left landlords with the prospect of much higher rates bills.
A campaign to dilute the impact of these rises has been gaining traction in recent weeks, with pub owners and industry groups lobbying for more support.
Conversations between the government and the hospitality sector were “ongoing”, DWP minister Dame Diana Johnson said.
Speaking to Radio 4’s PM programme, she said: “We as a government want to make business rates fairer but you’ll also know we’re coming to the end of the transitional relief that was available because of Covid.”
On Wednesday Labour MPs called on the government to rethink its support for the industry.
Conservative leader Kemi Badenoch said: “What has happened is that over Christmas Labour MPs were banned from every single pub they tried to get into… so now they are pushing for a U-turn.”
She said the Conservatives had a “much better plan” which was to “slash business rates for all of the High Street, not just pubs”. She said business rates bills of less than £110,000 would be scrapped completely.
Reform also welcomed the climbdown, saying “pubs have already been lumbered with astronomical energy costs”.
The party’s deputy leader Richard Tice said: “Pubs are the backbone of our communities and a huge part of British heritage. Their closures would be a cultural catastrophe as much as an economic one.”
To calculate a pub’s business rate bill the rateable value of its premises is multiplied by a set figure: “the multiplier”.
The government had already offered some relief by reducing the multiplier for pubs, and may be about to reduce it further.
Alternatively they could boost the £4.3bn “transitional relief” fund brought in to ease the impact of withdrawing support following the pandemic.
Geoff RobbinsGeoff Robbins, who owns the Wheatsheaf Pub in Faringdon, Oxfordshire with his wife Jo, said it was “a great relief” that more help was on the way.
His rates are due to rise by around 80% over the next three years. He needs a discount on most of that, he reckons, after factoring in higher gas, electricity and staffing costs.
“Rates are a tax against your business whether you make a profit or loss… you’ve got to pay, there’s no way round it,” said Geoff, who got in touch with BBC Your Voice.
Industry groups also welcomed news there would be additional help.
Emma McClarkin, chief executive of the British Beer and Pub Association, said it was “potentially a huge win” for the sector.
“This could save locals, jobs, and means publicans can breathe a huge sigh of relief,” she said.
Kate Nicholls, chair of UK Hospitality, representing the industry, said the support should apply not just to pubs, but to all hospitality businesses affected by rising rates, including cafés and restaurants.
“We need a hospitality-wide solution, which is why the government should implement the maximum possible 20p discount to the multiplier for all hospitality properties,” she said.
Other sectors are calling for the support to be even broader, to include live music venues, theatres, galleries, gyms and retailers.
Unpicking the recent Budget would be seen by many as another U-turn following climbdowns on winter fuel payments, disability benefits and inheritance tax on farms and family businesses.
Shadow business and trade secretary Andrew Griffith said the change showed Rachel Reeves’ Budget was “falling apart”.
“Labour were wrong to attack pubs and now have been forced into another screeching U-turn,” he said.
Liberal Democrat Treasury spokesperson Daisy Cooper said: “This is literally the last chance saloon for our treasured pubs and high streets – so the government must U-turn, today.
“These businesses are worried sick, making decisions now, and can’t wait a minute longer.”
The calculation of business rates is an issue that is devolved in all four UK nations.
The discount on rates during the pandemic only applied to hospitality businesses in England.
Scottish businesses are waiting for the Budget there next week to hear how the Edinburgh government will approach the issue.
Pubs there will hope the Scottish government follows the UK government in offering some relief.
Additional reporting by Kris Bramwell

Business
RFK Jr.’s new food guidelines could boost beaten down fast-casual chains like Chipotle and Sweetgreen
U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. attends a briefing at the White House in Washington, D.C., U.S., January 7, 2026.
Kevin Lamarque | Reuters
New federal dietary recommendations have sparked mixed reactions from the embattled restaurant industry, as changing guidelines could encourage Americans to dine out less often or choose from a smaller pool of restaurants when they do leave home.
The Departments of Health and Human Services and Agriculture unveiled the nutrition guidelines on Wednesday. The recommendations, which are updated every five years, pushed for higher consumption of protein and full-fat dairy and reduced intake of processed foods and sugary drinks.
The guidelines are primarily a public health tool for federal agencies, health-care providers and nutrition experts, so it’s unclear how much they will influence individual consumer choices. Although the recommendations largely focus on eating at home, they lightly touched on the restaurant industry as well.
“When dining out, choose nutrient-dense options,” the guidelines advise.
While the recommendations could discourage Americans from spending at restaurants — especially at a time when high inflation has curbed trips to dine out — some pockets of the industry had a positive reaction to the changes. The changes could give a particular boost to struggling fast-casual chains like Sweetgreen and Chipotle, which have long touted the type of natural ingredients championed by HHS Secretary Robert F. Kennedy Jr.’s “Make American Healthy Again” movement.
One lobbying executive who represents restaurant companies, whose organization was involved in meetings with the White House on the new guidelines, said the outcome could have been “far worse” for the sector. The person, who declined to be named because their organization was involved in private discussions, said the end result was better for the industry than proposed guidance from earlier in 2025 was.
However, the executive said they are still concerned the guidelines could encourage Americans to eat at home when diners have affordable options to incorporate those foods at restaurants. That implication could also ruffle feathers among restaurant chains and their franchisees.
Despite those potential concerns from some, industry lobbying group the National Restaurant Association backed the new guidelines.
“Now, more than ever, restaurant operators are offering a wider variety of options, allowing consumers to choose what best fits their dietary needs, preferences, and lifestyles. We congratulate Secretary Kennedy and the Trump Administration on the release of the new guidelines and look forward to continued collaboration with policymakers to ensure that nutrition guidance remains practical, flexible, and supportive of access and innovation,” National Restaurant Association spokesman Sean Kennedy said in a statement to CNBC.
Restaurant franchise lobbyist the International Franchise Association, called the approach “nuanced” and said it may limit the number of price increases restaurants have to make.
“Fortunately, the more nuanced approach of these guidelines helps ensure our members will not have to raise prices and that consumers can continue to make their own choices,” the group said. “Any future regulations or guidance must keep potential cost increases top of mind, as restaurant owners already face numerous regulatory burdens and supply chain challenges, which most often disproportionately affect small business owners, like franchisees, and ultimately, American consumers.”
How fast casual could benefit
Some of the most supportive reactions came from chains that had been beaten down in 2025, including Chipotle and Sweetgreen. Both fast-casual names saw pullbacks from younger consumers who continue to struggle in a K-shaped economy, where spending has concentrated more among the highest earners.
Sweetgreen, which was the biggest restaurant sector laggard last year with a nearly 80% stock decline, cheered the new guidelines.
A spokesperson told CNBC in a statement: “We keep ultra-processed ingredients and added sugars out of our restaurants, source transparently from partners we know and trust, and cook our food from scratch. That is why we are excited to see the new Food Pyramid so clearly emphasizing whole, real, and unprocessed foods.”
Sweetgreen founder and CEO Jonathan Neman wrote on X, “The U.S. government is for the 1st time urging Americans to avoid highly processed food, added sugar, and refined carbohydrates. Today, the government finally told the American people the truth. Avoid highly processed food (which is 70% of a child’s diet). Avoid refined carbohydrates. CELEBRATE REAL FOOD… LFG!”
Chipotle will debut a High Protein Menu on Tuesday, December 23, with items ranging from 15 to 81 grams of protein per item.
Source: Chipotle Mexican Grill
Similarly, Chipotle, which recently debuted a high protein and GLP-1 friendly menu, told CNBC it has already catered to similar dietary guidelines.
“Our menu of real ingredients makes it easy to follow the new dietary guidelines that prioritize high-quality protein, healthy fats, fruits, vegetables, and whole grains—while limiting highly processed foods and refined carbohydrates,” Chipotle spokeswoman Laurie Schalow said in a statement. “With real food made from wholesome ingredients—without artificial colors, flavors, or preservatives—Chipotle offers choices that fit a balanced, modern approach to eating.”
The company’s stock was down nearly 40% in 2025, but some Wall Street analysts have pointed to it as a potential winner in the new GLP-1 landscape, where users of the drugs often opt for smaller portions with more protein.
Kennedy has spearheaded the MAHA platform, championing a diet based on whole foods to prevent chronic disease. At times, his beliefs, like his advocacy for beef tallow and encouragement of more red meat in diets, have run afoul of both public health experts and industry players, like McDonald’s.
Kennedy’s criticism of processed foods has put fast-food chains on the defensive, although President Donald Trump is a vocal and loyal fan, particularly of McDonald’s.
Business
Bajaj deal with Allianz values insurance arms at Rs 93000 crore – The Times of India
MUMBAI: Bajaj Group on Thursday completed the acquisition of a 23% stake in its insurance joint ventures from Allianz SE for Rs 21,390 crore, marking the largest transaction in India’s insurance sector and bringing the group closer to full ownership of Bajaj General Insurance and Bajaj Life Insurance.The stake purchase involved Bajaj Finserv, Bajaj Holdings & Investment and Jamnalal Sons acquiring Allianz’s shares for Rs 12,190 crore in the general insurance arm and Rs 9,200 crore in the life insurance arm. The transaction raises the Bajaj Group’s ownership in both insurers to 97% from 74%, with Bajaj Finserv holding 75.01%, giving it management control.Bajaj’s purchase values the general insurance venture at Rs 53000 crore and the life jv at Rs 40,000 crore. This is much lower than what analyst reports from Jefferies, Avendus and Kotak which have valued the non-life company between Rs 85700 crore and Rs 54600 crore while the life company has been valued between Rs 56,800 crore and 56,200 crore.Allianz said it received a gross consideration of around 2.1 billion euros for the divestment of the first major tranche and expects to sell the remaining 3% stake by the second quarter of 2026. The German insurer said the decision followed constructive and amicable discussions, noting that its ability to operate in India had remained limited due to its minority position.“This transaction is transformative for the Bajaj Group, enabling us to contribute even more strongly to the Govt’s vision of ‘Insurance for All’ that is Made in India, Made for India and Made by India,” Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said. He said the acquisition provides strategic flexibility to expand markets, launch new products and build scale as insurance penetration is set to rise over the next two decades.Bajaj Finserv said the transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback, subject to approvals. If completed, Bajaj Finserv’s stake could rise to around 77.3%.Allianz said India remains a market of high strategic priority and that it intends to stay invested in the country’s insurance growth. The company pointed to its recently announced plans with Jio Financial Services to form a 50:50 domestic reinsurance joint venture and explore new general and life insurance ventures.Allianz said it expects to recognise a non-operating IFRS gain of around 1.1 billion euros from the transaction in its first-quarter 2026 results and anticipates a positive impact of around five percentage points on its group solvency ratio, with proceeds to be redeployed in line with its strategic priorities, including investments in new India ventures.
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