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Elon Musk denied reports that SpaceX is seeking an $800 billion valuation in a share sale, stating the company has been cash flow positive for years and conducts regular stock buybacks. This denial follows claims that SpaceX was set to reach this valuation, which would make it the most valuable private US company, surpassing OpenAI.

India’s power distribution companies must embrace intelligent, reliable, and consumer-focused networks through technology and enhanced engagement, stated Power Minister Manohar Lal Khattar. He urged DISCOMs to collaborate with stakeholders to accelerate smart distribution systems, emphasizing consumer trust and addressing misinformation for wider adoption of AI and ML solutions.

The UIDAI is introducing a new rule mandating registration for entities seeking offline Aadhaar verification, aiming to eliminate paper-based practices like hotels collecting photocopies. Registered entities will gain access to new technology, including QR code scanning and a forthcoming Aadhaar app, for secure, paperless verification. This initiative enhances user privacy and aligns with data protection

Indian equities are poised to be influenced by global cues this week, with the US Federal Reserve’s interest rate decision and FII activity taking center stage. Investors will also monitor India’s CPI print and the rupee’s movement amid currency pressures and capital flow concerns.

A European Union delegation is meeting with India’s Commerce and Industry Minister Piyush Goyal to review progress on the proposed free trade agreement. Both sides are aiming to conclude talks by year-end, working to narrow differences in critical areas like steel, carbon tax, and automobiles.

India has achieved a record 31.25 GW of non-fossil power capacity addition this financial year, with solar power leading the surge. The nation’s solar capacity has grown over 4,500% in a decade, positioning India as a significant global driver of renewable energy and a key player in the energy transition.

Volkswagen Group is scaling back its investment plans to €160 billion through 2030, citing pressure in China and the US. CEO Oliver Blume emphasized a focus on Germany and Europe for products, technology, and infrastructure. Porsche’s EV strategy is being rolled back, with no expected growth in China, while Audi’s US plant decision hinges on

India’s Russian crude imports may hit a four-year low in January 2026 due to US sanctions, forcing refiners to seek alternatives. Despite pressure, Russia is exploring new channels, with potential for non-sanctioned oil flows to resume. India’s strategic need for cost-effective energy and Russia’s efforts to maintain trade suggest this dip might be temporary.

IndiGo’s nationwide operational crisis continues into its fifth day with over 800 flights cancelled. The government has imposed fare caps, ordered immediate refunds, and mandated baggage return within 48 hours. While IndiGo claims 95% network connectivity restored, disruptions persist for thousands of passengers.

A survey reveals that 87% of IndiGo passengers desire their service issues to be addressed under the Consumer Protection Act’s Class Action provisions. This demand follows widespread flight cancellations and delays, with passengers also reporting concerns about refund integrity and inadequate compensation.