The Times of India

Co-Founders Nazm Salur and Serkan Boranl of Turkish food and grocery delivery startup, Getir, have filed a $700 million lawsuit against Abu Dhabi investor Mubadala Investment Company. They allege the sovereign wealth fund breached a 2024 restructuring agreement by withholding key assets, including the valuable Getir Finance platform. This legal action escalates a dispute following Uber's acquisition of Getir's Turkish operations.

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted, allowing for two property ownership and expanding disqualifications to include new income streams. Taxpayers must carefully evaluate their eligibility annually to avoid defective returns.

Indian auto sector anticipates moderate growth in 2026-27, with passenger vehicles expected to rise 4-6%. Two-wheelers will see a slowdown after recovery, while commercial vehicles will be led by buses. Electrification is identified as a significant long-term trend shaping the industry's future amidst evolving consumer choices.

The National Green Tribunal has approved the Rs 90,000-crore Great Nicobar infrastructure project, finding sufficient environmental safeguards. Dismissing petitions challenging the clearance, the tribunal noted that a high-powered committee addressed outstanding concerns. The project, crucial for national security and India's Indian Ocean presence, will proceed with strict adherence to environmental conditions.

Gold prices saw a dip of over 1% in futures trade Tuesday, influenced by easing safe-haven demand, improved geopolitical sentiment, and a stronger US dollar. Analysts suggest this is a corrective phase within a broader bullish trend, with investors advised to rebalance on dips amid choppy markets. Global markets also experienced a decline in gold futures.

India's mutual fund industry experienced robust growth in early 2026, with total assets under management reaching Rs 81.01 lakh crore, a 20.5% increase year-on-year. Equity-oriented schemes anchored this expansion, while Systematic Investment Plans (SIPs) saw significant inflows and a growing share of equity AUM. The investor base also expanded, with passive fund AUM achieving record levels.

Adani Group is launching a massive $100 billion initiative to build AI-ready data centers powered by renewable energy across India by 2035. This ambitious plan aims to create a sovereign energy and compute platform, fostering India's role in the global Intelligence Revolution. The investment is expected to spur further growth in related sectors, establishing a significant AI infrastructure ecosystem.

The brutal selloff in Indian technology stocks has been particularly noticeable across Asia, where the regions strong hardware manufacturing base continues to be regarded as essential to the broader artificial intelligence ecosystem.

Infosys shares rose after announcing a collaboration with Anthropic. The partnership aims to build advanced AI solutions for businesses. This alliance will integrate Anthropic's Claude models with Infosys Topaz offerings. The focus is on automating workflows and accelerating software development. The collaboration will also modernize legacy systems. Infosys and Anthropic aim to help clients reimagine their operating models.

Vande Bharat train services currently operate across 82 routes, running a total of 164 services. According to the minister, these trains function as a separate category within passenger services.

Gold price prediction today: Gold prices may trade with a bearish bias, and the silver market is very tight, according to Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan:

Asian markets dipped Tuesday as Lunar New Year holidays kept trading subdued. Weak economic data and a significant drop in SoftBank shares dampened sentiment in Tokyo, following a recent rally. European markets closed mixed, while US markets were shut. Investor focus remains on AI investments and inflation's impact on interest rates.

Stock market today: After a strong rally yesterday, the stock market indices Nifty50 and BSE Sensex, opened in red on Tuesday. While Nifty50 was below 25,600, BSE Sensex dropped over 200 points in opening trade.

Stock market recommendations: NTPC, Power Finance Corporation, and Union Bank of India are the top stock picks by Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan for February 17, 2026. Lets take a look:

Torrent Power is acquiring L&T's Punjab coal plant for Rs 6,889 crore, marking its significant entry into North India's power market. This Rs 3,661 crore cash deal, which also assumes Rs 3,228 crore debt, will boost Torrent's operational capacity to 6.4GW.

India's trade deficit widened to a three-month high of $34.6 billion in January, driven by a surge in gold and silver imports. Despite a flat export performance, particularly a sharp fall in consignments to the US, the government remains optimistic about achieving record exports for the fiscal year.

Currency in circulation hit a record Rs 40 lakh crore, yet its share in the economy declined to 11.2% as digital payments surged. Despite increased absolute cash holdings, driven by tax enforcement and low interest rates, UPI transactions now dominate everyday economic activity, indicating cash's growing role as a store of value.

India is offering agricultural quotas in an interim trade deal with the US, aiming for a March signing. Officials state these quotas are small and align with current imports, designed to boost Indian textile exports. The agreement, focusing on agricultural goods and potentially digital services, is being finalized in Washington.

According to GTRI, the latest trade figures for January 2026 reflect the significant impact of US tariffs on Indias export performance, while also indicating early signs of diversification into other markets.

Supplies of Urals, along with other export grades such as Sokol and Varandey, have added to regular shipments of Russias flagship ESPO blend exported from the Far East port of Kozmino, which is geographically closer to China.

A homebuyer advocacy group has alleged that several state regulators have failed to publish the annual reports mandated under the law. Has RERA improved project delivery? What are RERA reports and why are they important for protecting homebuyers? We take a look:

India is set to launch a new ail tech policy to boost domestic manufacturing of advanced railway technology and equipment. This initiative aims to reduce reliance on imports, particularly from China, by offering manufacturers partial funding, technical support, and access to testing facilities. The policy builds on previous innovation efforts and supports the government's broader rail modernization drive.

Draft Income Tax Rules 2026: Under the proposed framework, the threshold limits for several transactions requiring PAN Card details to be disclosed have undergone a change.

Rajesh Nambiar, President of Nasscom, addressed concerns about AI displacing tech jobs, emphasising that intricate business demands and regulatory frameworks will ensure the ongoing necessity of IT services. He envisions a future where the industry evolves through AI orchestration, building on profound enterprise expertise. Furthermore, he highlights that India's skilled workforce is well-positioned to thrive in this transformative era.

Referring to established jurisprudence, including precedent from the Bombay High Court, the Bench emphasized the legal principle that long cohabitation and societal recognition reinforce presumptions of lawful marriage.

Stock market recommendations: Arvind, and Bajaj Finance are the top stock picks by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities for the week starting February 16, 2026. He also shares his views and outlook on Nifty, Bank Nifty:

Gold price prediction today: Gold prices have pulled back from recent highs, but there is an underlying bullish bias, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Below is his outlook for gold prices today and this week, along with top factors that will influence the movement of the yellow metal:

As the United States observes Presidents Day on Monday, February 16, federal holidays mean many services will be closed. Banks, government offices, and post offices will shut down, with no mail delivery. However, digital banking and ATMs remain accessible, and most retail stores and restaurants will operate normally.

Stock market today: After deep cuts towards the end of last week, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was below 25,450, BSE Sensex dropped over 100 points in opening trade.

UAE telecom provider du has partnered to invest in the Singapore-India-Gulf (SING) submarine cable system, a new undersea fiber-optic network linking the Middle East with South and Southeast Asia. This strategic move reinforces the UAE's position as a regional data hub, enhancing connectivity for AI, cloud services, and global digital growth.

Stock market recommendations: Delhivery, and Britannia are the top stock picks for the trading week starting February 16, 2026 from Motilal Oswal Financial Services Ltd. Lets take a look: