The Economic Times

Jane Street case: It has been suggested that the profit recorded by the group during the period reviewed by the Securities & Exchange Board of India (Sebi) should be liable to be taxed in India as capital gains.

FTA: India is actively participating in regional and plurilateral platforms to support diversified and sustainable supply chains, including the Indo-Pacific Economic Framework for Prosperity (IPEF), minister Jitin Prasada said.

India-NZ FTA: Major exclusions include dairy products; vegetable products; sugar and sugar confectionery; and animal, vegetable or microbial fats and oils.

India's imports from China saw a significant decline in 2024-25 across key sectors like fertilisers, chemicals, and iron and steel. Notably, mobile phone imports plummeted while exports surged dramatically, indicating a shift in trade dynamics. The government is actively implementing measures to address stakeholder concerns and safeguard national interests.

The government plans to boost highway construction via public-private partnerships, prioritizing the build-own-transfer model and asset monetization. With a significant budget increase for the Ministry of Road Transport and Highways, India aims to strengthen its infrastructure to become the world's third-largest economy. Existing highways will also be monetized to further this goal.

Expenditure of 564.72 crore has been incurred so far on the seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks, the textile ministry told Parliament.

A joint panel will be formed by the corporate affairs ministry and CBDT by March-end. This initiative aims to align tax computation rules with accounting standards. The move will reduce compliance burdens for Indian companies. It also seeks to minimize litigation arising from differences between accounting and tax frameworks.

Pulse prices are climbing after a year of falling. Tur, chana, and urad have seen significant increases. Tur and urad have reached minimum support price levels. Lower crop output in India and other countries, along with currency issues, are pushing prices up. Farmers may see improved sentiment ahead of the next planting season. New chana arrivals could impact prices later.

The Reserve Bank of India kept its benchmark interest rate unchanged on Friday, as expected, as inflation remained at manageable levels and growth concerns eased following increased government spending in the Budget and reduced tariff pressures after a trade deal with the United States.

Dish TV reported a net loss of approximately Rs 276 crore for Q3 FY26, sharply higher than the loss of around Rs 47 crore reported in the same quarter last year. The company reported exceptional items of around Rs 70 crore during the quarter, taking the loss before tax to about Rs 276 crore.

Cboe Global Markets has surpassed Wall Street profit expectations for the fourth quarter. Increased market volatility fueled options trading volumes, driving strong revenue. The exchange is focusing on growth areas like prediction markets and crypto. Cboe is also streamlining operations by exiting businesses in Australia and Canada.

Reserve Bank Deputy Governor Poonam Gupta stated that artificial intelligence will have a net positive impact on employment, despite job losses in some sectors. A recent RBI survey indicates significant productivity gains from AI, with no negative employment effects observed currently. The primary challenge lies in managing the transition for the labor market.

Fractal Analytics raised Rs 1,249 crore from 52 anchor investors at Rs 900 per share ahead of its IPO opening February 9. Strong domestic and global institutional demand signals confidence in the AI analytics firm and growth prospects globally strong.

Tata Steels consolidated net profit surged more than ninefold from a year earlier in the December quarter as a sharp improvement in profitability at its Dutch unit and steady operations in India helped offset wider operating losses in the UK.

Sales volumes were adversely impacted during the quarter due to loss of production on account of operations disruption at Baloda Bazar, Chhattisgarh, the company said in a statement.

Professional forecasters, surveyed by the RBI, anticipate India's real GDP to grow between 6.5-6.9% in FY27. The economy is projected to expand at 7.4% in FY26, with upward revisions for the first half of FY27. Headline inflation is expected at 2.0% in FY26 and 4.0% in FY27.

RBI scrapped the Rs 2.5 lakh crore VRR cap, folding it into FPI debt limits from April, boosting flexibility and ease of doing business while retaining safeguards on foreign ownership. Existing VRR investments shift to general limits, with gains expected.

Tata Motors Passenger Vehicles (TMPV) slipped to a consolidated net loss in the December quarter from a year-earlier profit, hit by the continued fallout of a cyberattack at its British luxury car unit Jaguar Land Rover and a challenging global demand environment.

BLS International has reported a net profit of Rs 170 crore for quarter three of this fiscal, up 33% year on year. The company reported revenues of Rs 736 crore, up 44% year on year.

To enhance transparency and operational efficiency, Sebi on Friday directed Alternative Investment Funds (AIFs) to upload the latest net asset value (NAV) for each ISIN of AIF units in the depository system through their Registrars and Transfer Agents (RTAs).

Amazon.com shares slid 9% on Friday after the company outlined a planned $200 billion capital outlay for the year, stoking investor concerns about the scale of Big Tech's spending on artificial intelligence.

RBI Governor Sanjay Malhotra addressed concerns about the government's borrowing plans for FY27. He highlighted that net borrowing has seen a modest increase, assuring a smooth borrowing program. The high gross borrowing figure is attributed to upcoming maturities. This clarification aims to ease investor unease regarding potential crowding out effects in the financial system.

Jana Small Finance Bank reported a 91% drop in third quarter net profit at Rs 10 crore as compared with Rs 111 crore in the year-ago period, owing to higher provisions and other operating expenses.

The Reserve Bank of India (RBI) has released draft rules for derivatives on credit indices and total return swaps (TRS) linked to corporate bonds.

Jewellery retailer Kalyan Jewellers has clocked a consolidated revenue of Rs 10,343 crore in Q3 FY26 as against Rs 7,278 crore in the corresponding period of the previous year, a growth of 42%. Consolidated Profit After Tax (PAT) for Q3 FY26 was Rs 416 crore as against a PAT of Rs 219 crore for the corresponding period in the previous year, a growth of 90%.

Wall Street indexes rebounded Friday, with the S&P 500 and Nasdaq advancing after a week of tech selloffs. Optimism was tempered by Amazon's significant drop following increased AI infrastructure spending forecasts. Investor skepticism around AI capital expenditures intensified, impacting Big Tech and software shares.

The budget announcements on government initiatives in infrastructure development, skilling 10,000 tourist guides, creating a digital repository, and promoting archeological sites are welcome moves, but in the absence of adequate marketing and promotions, one may not see the appropriate tourism growth numbers, said Thomas Cook (India) CEO Mahesh Iyer in an interview with ET.

The Indian government is significantly boosting technology in agriculture. Union Agriculture Minister Shivraj Singh Chouhan announced that 8.48 crore farmers now have digital IDs across 19 states. This AgriStack initiative aims to create a single source of truth for farmer identity, land, and crops. It facilitates seamless delivery of various government schemes and benefits to farmers.

The National Stock Exchange of India (NSE) has received board approval for its Initial Public Offering (IPO) via an Offer for Sale (OFS). This move follows a decade-long wait and Sebi's no-objection, with the IPO expected to be a significant event in India's capital markets. A reconstituted IPO Committee will oversee the listing preparations.

The Reserve Bank of India (RBI) has expressed comfort regarding outstanding gold loans in the financial system, despite recent price volatilities. Governor Sanjay Malhotra stated that loan-to-value ratios are well below prescribed norms, mitigating concerns about potential borrower defaults. Reviews of MSME and personal loans also indicated good asset quality.

State-run power NBFC Indian Renewable Energy Development Agency (IREDA) on Friday approved a Rs 2,994 crore fundraising plan via the qualified institutions placement (QIP) mode.

Jewellery retailer Kalyan Jewellers India on Friday reported a 90.36 per cent growth in consolidated net profit to Rs 416.29 crore.

The company posted a net loss of Rs 47.34 crore in the October-December period a year ago, according to a regulatory filing from Spencer's Retail, a RP Sanjiv Goenka group firm.

India-EU FTA: The Annex establishes a Technical Dialogue wherein India and EU will engage on technical exchanges on implementation of carbon border adjustment measuresincluding their product scope and embedded emissions coverage; monitoring,reporting and verification processes, and the possibility to take into account the carbon price effectively paid in the other Party under a carbon emissions reduction scheme.

The government is proposing to merge two central agriculture schemes, Pradhan Mantri Rashtriya Krishi Vikas Yojana and Krishonnati Yojana, into a single umbrella scheme. This move aims to provide greater flexibility to states in implementing need-based agricultural components. Inter-ministerial consultations are currently underway for the proposed restructuring.

Based on a valuation scan by StockEdge.com, we have identified the top nine stocks from the Nifty200 segment with PE ratios below their respective industry averages.

Sebi has approved eight IPOs across financial services, infrastructure, engineering, education and manufacturing, signalling steady primary market momentum. InCred Holdings leads the pipeline, alongside offerings from engineering, IT, metals, education, jewellery and electronics firms cleared for listing in coming months.

NSE Q3 Results: Leading exchange NSE reported a 37% year-on-year (YoY) slump in its consolidated net profit at Rs 2,408 crore in the third quarter, while total income fell 9% YoY to Rs 4,395 crore.

Indian markets closed higher as buying in consumer and private banks offset losses in auto, IT and pharma. Stock-specific moves in BEML, LIC, Hitachi Energy and others drove action across the board.

Anand Rathi Share and Stock Brokers on Friday informed the exchanges that its Internal Inquiry Committee has discovered a Rs 13 crore fraud. The brokerage said that the crime has been committed by certain unknown individuals in connivance with employees of group company Anand Rathi IT Private Limited.

Steel major Tata Steel reported a 723% jump in its December quarter consolidated net profit at Rs 2,689 crore compared to Rs 327 crore reported in the year ago period.

Power Finance Corporation's board has approved a merger with Rural Electrification Corporation. This move aligns with the Union Budget 2026 roadmap. The restructuring aims to achieve scale and improve efficiency in public sector power financiers. The merger will consolidate both entities into a single balance sheet. This significant step is set to reshape India's power financing landscape.

SBI is set to post steady Q3FY26 results with healthy loan growth and resilient net interest income, but sequential profit may dip as margins compress, provisions rise, and one-off gains are absent, keeping focus on asset quality and management commentary.

The Union Budget 202627 has proposed a tax holiday until 2047 for foreign companies offering global cloud services from data centres in India. The move comes as global cloud firms increase investments in the country and aims to position India as a global digital infrastructure hub rather than only a large consumer market.

The Indian rupee experienced a dip on Friday but achieved its strongest weekly gain in over three years. This surge followed the announcement of a significant trade deal between India and the United States. The Reserve Bank of India maintained its key repo rate, influenced by a positive economic outlook and reduced trade pressures.

Indian stock markets, Nifty and Sensex, ended Friday higher. The Reserve Bank of India maintained its policy repo rate at 5.25 percent. Cigarette stocks saw a significant surge following price increases. Global markets retreated, impacted by a Wall Street selloff and AI concerns. Crude oil futures extended losses.

German machinery exports to India are set for a significant boost. Industry experts predict a 10-15% growth in 2026, especially after the India-EU free trade agreement is implemented. This agreement will unlock new opportunities for commerce. German technology is crucial for India's manufacturing goals. Germany is already India's largest EU trading partner.

India has scrapped a planned concession for small cars in upcoming fuel-efficiency rules after automakers argued it would unfairly benefit Maruti Suzuki. The revised rules tighten parameters for all manufacturers, increasing pressure to ramp up electric and hybrid car sales and aiming for steeper emissions reductions.

About 170 BSE-listed companies sustained profit margins above 10% for four straight quarters to December 2025. From these, 14 non-financial midcaps and largecaps delivered 50430% one-year returns, highlighting operational efficiency, scale, and disciplined profitability amid volatile markets and investor wealth.

Total expenses during the quarter rose sharply to Rs 1,113 crore, up from Rs 796 crore in Q2FY26 and Rs 851 crore in Q3FY25, reflecting a 40% sequential increase and a 31% year-on-year rise. The higher costs were driven by employee benefits, raw material expenses, and finance costs, among other factors.