Daily Current Affairs – January 7, 2026

Fast-moving consumer goods consumption is set for a 5% growth in early 2026. Strong economic indicators and rising demand are driving this positive outlook. Consumers are expected to shop more and opt for premium products as prices stabilize. Leading companies like Marico and Dabur are already seeing early signs of recovery.

India's services sector saw a slowdown in December 2025, reaching an 11-month low. New business and output growth moderated. Companies also held back on hiring additional staff. Manufacturing activity also slackened. The overall composite index fell. Firms remain optimistic for 2026, but sentiment dipped due to market uncertainty and exchange rate concerns. Export orders strengthened.

In the Constituent Assembly’s debates (1946-49), K. Santhanam and N.G. Ranga, both from southern States representing the present Tamil Nadu and Andhra Pradesh, had strongly argued against any attempt to make the Central government more powerful under the garb of expanding the Concurrent List

The incident occurred in 1995 when hostilities between Jayalalithaa and Reddy were common knowledge. While the Governor sent a report to the Centre against the AIADMK government, the Chief Minister wrote to President Shankar Dayal Sharma and Prime Minister P.V. Narasimha Rao.

Elon Musk’s AI chatbot Grok is under fire for generating sexualised images of women and children without consent

The number is on top of an announcement by Cuba's government on Sunday (January 4) that 32 Cuban military and police officers working in Venezuela had died in the operation

Indian markets see sharp stock-specific moves as Trent plunges on growth disappointment and Reliance faces profit booking. Market expert Sudip Bandyopadhyay explains why the high valuations have left no room for error, what’s driving the volatility, and why select pharma stocks like Divi’s may still offer upside despite broader uncertainty.

Ten millennia after shaping early civilisations, copper has re-emerged as a cornerstone of global growth. Prices have hit record highs above $13,000 a tonne after a sharp rally—up 61% on India’s MCX in 2025 and 42% globally, with further gains in 2026—as investors and industries bet on copper’s central role in the next economic cycle.

Facing a recent stock market cooling, India’s top five electronics makers are pivoting from low-value assembly to strategic acquisitions in niche components, like sensors and circuits, to boost profitability and regain investor confidence in 2026.

Indian drugmakers primarily produce generics, or copycat versions, and in order to enter the market, they either have to wait for patents to expire or challenge the innovator’s rights.

The 17-year-old Anahat, who has displayed remarkable maturity and temperament, has the best opportunity to qualify; at 39, the evergreen Joshna will take it step-by-step in the build-up to the 2028 Games; Abhay’s athleticism and tactical awareness have kept him in good stead while Ramit, Velavan and Veer are the others with Olympic dreams