The Economic Times

India's Union Budgets have historically focused on preserving existing R&D. This approach has built strong institutions but limits the creation of frontier technologies. A shift towards creation, supported by long-term funding and mission-mode initiatives, is crucial. This strategic redirection will move India from technological dependence to intellectual sovereignty, fostering innovation and future growth.

India Inc. seeks budget 2026 focus on infrastructure, manufacturing value addition, green energy, and MSME credit. These priorities aim to boost economic fundamentals amid global uncertainties. Improved logistics, domestic manufacturing, accelerated green transition, and enhanced MSME credit access are crucial for sustained growth and investment-led expansion.

Anand Mahindra shared his late father's advice, 'Make haste slowly,' which he now sees reflected in India's approach to global trade. This philosophy emphasizes thoughtful, steady progress over rushed decisions, aligning with India's measured negotiations for long-term gains in its free trade agreement with the EU.

The Delhi High Court has asked the CBI for its response to a petition filed by Congress MP Karti Chidambaram. He is challenging corruption and conspiracy charges against him in the alleged Chinese visa scam. The court did not halt trial proceedings. The case involves allegations of a bribe of Rs 50 lakh. Karti Chidambaram denies any wrongdoing or conspiracy.

Ajit Pawar funeral: Maharashtra is in a three-day state of mourning following the death of Deputy CM Ajit Pawar in a Baramati plane crash. A public holiday has been declared for Wednesday, and a state funeral is being planned in Baramati. CM Fadnavis and Eknath Shinde are currently coordinating with the Pawar family, including Sunetra and Parth Pawar, to finalize the last rites.

A new Free Trade Agreement between India and the European Union promises a significant boost for India's textile and apparel industry. Import duties on Indian textile exports to the EU will be eliminated, making Indian products more competitive. This move is expected to drive substantial growth in exports and create millions of jobs in the labour-intensive sector.

As per the statement of intent, signed between the Aayog and NIIT Foundation, the two sides will roll-out targeted interventions across select Aspirational Blocks to achieve 100% coverage in digital literacy, financial inclusion and employability

Iran unrest: The U.S. deployed additional military assets in the Gulf following nationwide protests in Iran which led to the country's bloodiest crackdown since the 1979 Islamic Revolution.

Nipah virus: India's health ministry has clarified that there are two cases of confirmed Nipah virus in West Bengal amid reports that five people were infected in the state. The remarks come at a time when many South Asian airports such as Nepal, Thailand and Malaysia have ramped up screeings of virus. Nipah virus is associated with a high death rate, with fatality levels reported between 40 and 75 per cent depending on the outbreak.

The Delhi High Court on Wednesday sought the stand of the Directorate General of Civil Aviation (DGCA) on a plea challenging its decision to keep the revised Flight Duty Time Limitation (FDTL) regulations in abeyance, despite their direct link to passenger safety. A Division Bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia observed that once safety regulations are framed, they are required to be enforced unless they suffer from legal infirmities or are successfully

Flight operations at Srinagar International Airport have resumed today. All flights were cancelled yesterday due to snowfall in Kashmir. The runway, taxiway, and apron have been cleared. Normal flight operations are expected throughout the day. Passengers are advised to check with their airlines for updates. Visibility is currently low due to haze.

A private jet carrying Maharashtra Deputy Chief Minister Ajit Pawar and four others crash-landed near Baramati airport on Wednesday morning. The aircraft veered off the runway and burst into flames. All aboard were killed instantly. Authorities are investigating the cause, with weather and technical error being examined. There is no evidence of sabotage.

Maharashtra Deputy Chief Minister Eknath Shinde mourned the tragic death of Ajit Pawar in an aircraft crash. Shinde described Pawar as an elder brother and a dedicated leader. He announced an investigation into the accident. Pawar's demise is a significant loss for the state. Shinde highlighted Pawar's administrative skills and his contributions to government initiatives.

Indian cigarette companies face a tough year ahead. New taxes and higher GST rates are expected to shrink sales by 6-8 percent next fiscal. Mid to premium brands will see bigger price hikes passed to consumers. Mass segment players may absorb some costs to limit volume loss. Despite margin dips, companies remain financially strong with ample cash reserves.

CorporatEdge will invest Rs 225 crore to expand its Global Capacity Centres network. The company has partnered with Braymont Holding for this expansion across the GCC. Their first UAE Offitel in Downtown Dubai offers premium serviced suites and caters to global enterprises. This venture aims to create future-ready workplaces in the UAE, leveraging global expertise and local market knowledge.

Cairn Oil & Gas, part of Vedanta Ltd, has found new natural gas reserves. The discovery is located below the Ambe gas field in western offshore. This find was made in the Ambe-2A appraisal well. Cairn is evaluating the potential for field development. The company plans to drill two more wells.

Adani Electricity Mumbai has achieved a AAA credit rating, a first for a private power distributor in India. This reflects strong regulatory support and improving financial health. The company has significantly grown its asset base since its acquisition. Tariffs remain stable due to prudent management and access to Adani Group's low-cost power.

Arijit Singh's retirement from playback singing marks a significant shift, yet his deep spiritual commitment and philanthropic work through the Tatwamasi Foundation remain central. Inspired by Swami Vivekananda, his focus is on selfless service and community welfare, demonstrating a purpose beyond mere success. He continues his creative journey with independent music.

Maharashtra Deputy Chief Minister Ajit Pawar has died in a plane crash. The incident occurred in Pune district. Chief Minister Devendra Fadnavis expressed shock and grief. He announced a government holiday and three days of state mourning. Pawar was a respected leader known for his administrative skills and dedication to Maharashtra's progress.

A mothers gift of a smartphone intended for vlogging ended in heartbreak when cousins Viksit (19) and Piyush (13) perished in a Chamba blizzard while aiming to filming reels. Their loyal pitbull, Jonu, remained gaunt and bone-chilled as he guarded their bodies for four days in sub-zero temperatures until an IAF rescue team reached the summit on Monday.

In January 2025, Birla had said that the Trump Factor could disproportionately influence 2025 as it held the potential to reshape global dynamics. He had said that the year would be the one when an unorthodox, unpredictable and an uncertain world will be embraced.

Ajit Pawar death: Along with the Deputy CM of Maharashtra, Ajit Pawar, a young pilot Captain Shambhavi Pathak also lost her life in the tragic mishap. Shambhavi Pathak completed her schooling at Air Force Bal Bharati School and later enrolled herself at New Zealand International Commercial Pilot Academy. She earned her Bachelor's degree from the University of Mumbai.

While India Inc's global trade and credit profiles remain largely unaffected by Iran's unrest, potential disruptions loom for sectors like oil refining, aviation, and crude-linked industries if tensions escalate. Direct trade with Iran is minimal, but rising crude prices could impact various sectors, with basmati rice and fruit/nut traders facing specific challenges.

A Bombardier Learjet 45 carrying Maharashtra Deputy Chief Minister Ajit Pawar crash-landed at Baramati airport, resulting in the deaths of all five individuals on board. The aircraft lost control during landing, made a hard impact, and caught fire. Investigations by the DGCA and AAIB are underway to determine the cause.

Serene Communities is investing Rs 3,000 crore to expand its senior living projects across India. The company is partnering with regional developers to build wellness-focused communities. This expansion targets India's growing senior population. The demand for managed senior housing is increasing significantly. Serene Communities aims to be a leader in this rapidly evolving market.

Union Budget 2026: The upcoming budget holds immense potential for boosting economic growth. The India-EU Free Trade Agreement and ongoing reforms offer a strong foundation. Focus areas include transforming rural economies, strengthening manufacturing, enabling services, advancing hi-tech skilling and improving infrastructure.

Asian Paints reports a slowdown in home painting as destination weddings rise and consumers defer discretionary spending. However, the industrial paint segment is experiencing a significant upswing, driven by the travel and hospitality sector.

Vodafone Idea AGR: Vi now sees a path to recovery following the SC ruling on AGR dues and government support, which Kumar Mangalam Birla called a turning point. The company is now shifting focus from survival to sustainable growth. Early operational signs have shown stabilisation with a narrowing net loss.

Petronet LNG Limited (PLL) and Oil and Natural Gas Corporation (ONGC) Limited have entered into a Master Regasification Agreement (MRA) under which PLL shall provide LNG regasification services to ONGC at the Dahej terminal, thereby enabling them to supply regasified natural gas to meet the requirements of its downstream consumers.

Barack Obama, the first African American U.S. president, reshaped history through his leadership. His journey from community organizer to president was marked by significant policy achievements, including economic reforms, healthcare expansion, and landmark judicial appointments. Obama's presidency also saw major foreign policy shifts and a lasting impact on American political culture.

Mel Gibson, an internationally recognized cinema figure, rose to fame with iconic roles in Mad Max and Lethal Weapon. He transitioned to directing, earning an Oscar for Braveheart, and later achieved significant success with The Passion of the Christ and Hacksaw Ridge, showcasing a career marked by resilience and bold storytelling.

India is looking at stricter rules for mining auctions. The government wants to ensure companies that win mining blocks start operations quickly. Many awarded blocks are not yet producing minerals. India may blacklist companies that delay mining. New rules could assess a firm's financials and past experience before bidding. This aims to boost the country's mineral output and economic contribution.

A new analysis by the Kiel Institute for the World Economy shows that deeper EU-India integration could boost bilateral trade by 41 to 65 per cent, significantly expand economic ties between the European Union and India at a time of rising global trade fragmentation.

Maharashtra Deputy Chief Minister Ajit Pawar died in a plane crash. The chartered plane crashed while flying from Mumbai to Baramati. Five people, including the crew, were on board. Ajit Pawar was headed to Baramati for a public rally. Political leaders expressed grief over his sudden demise. His death is expected to change Maharashtra's political landscape.

Ajit Pawar death: Maharashtra Deputy Chief Minister and NCP chief Ajit Pawar died in a tragic plane crash in Pune's Baramati district. Pawar won his first election from Baramati in 1991 and has held the seat since then. Unfortunately, Ajit Pawar's plane crashed in his hometurf Baramati this morning, marking the end of his journey.

Novak Djokovic advanced to the Australian Open semifinals after Lorenzo Musetti retired injured while leading by two sets. Djokovic, trailing in the third set, benefited from Musetti's withdrawal due to a thigh injury, securing his 103rd tournament win and surpassing Roger Federer's record. With the win, Djokovic kept his hopes alive to match Margaret Courts tally of 25 major titles.

The Aircraft Accident Investigation Bureau will investigate a plane crash at Baramati airport. The incident tragically claimed the lives of five individuals. A Learjet 46 operated by VSR Ventures crash-landed at the airport. The AAIB is responsible for investigating such occurrences and recommending safety improvements. The bureau will visit the crash site to conduct its probe.

Maharashtra observes a three-day state mourning for Deputy Chief Minister Ajit Ashtai Anantrao Pawar. He passed away on January 28 after his charter plane crash-landed near Baramati. The national flag flies at half mast across the state. All official entertainment is cancelled. State government offices were closed on Wednesday, January 28. Tributes are pouring in for the prominent political figure.

Novak Djokovic advanced to the Australian Open 2026 semi-finals after fifth seed Lorenzo Musetti retired due to injury. Musetti had been leading two sets to love before withdrawing. His retirement allowed the Serbian to continue his pursuit of a record 25th Grand Slam title at his most successful venue.

Maharashtra Deputy Chief Minister Eknath Shinde expressed his sorrow over the untimely demise of Ajit Pawar, who tragically passed away in an aircraft accident in Pune district. Shinde described this incident as a heartbreaking moment for the state and pledged to ensure a comprehensive investigation into the tragedy.

Union Civil Aviation Minister K Ram Mohan Naidu anticipates significant growth from the Adani Group and Embraer collaboration within two years. This strategic partnership aims to establish a final assembly line for regional transport aircraft in India. The minister highlighted India's strong bilateral ties with Brazil, with the Brazilian president's upcoming visit expected to solidify timelines for this venture.

India's middle class anticipates Budget 2026, with expectations tempered after previous tax and GST cuts. Focus shifts to indirect tax reforms for reduced compliance costs and improved working capital, alongside potential relief for service exporters and a revival of tax incentives for debt funds.

Russia and India are set to conduct joint naval exercises in the Bay of Bengal this February. A Russian Navy frigate will sail from Muscat, Oman, to participate. Following the exercises, the vessel will make an unofficial visit to Visakhapatnam, India, from February 18 to 25. This collaboration highlights ongoing defense cooperation between the two nations.

SpazeOne is rapidly expanding its managed office network across South India. New centres are planned for Bengaluru, Kochi, Coimbatore, Trivandrum, and Calicut by early 2026. The company aims to add substantial managed office space in Bengaluru, investing significantly. This expansion targets enterprises and startups seeking flexible workspace solutions.

India EU FTA: In the automotive sector, the agreement is poised to redefine the top end of the passenger vehicle market. With proposed reductions in import duties on select European cars, global manufacturers are likely to reassess pricing strategies and product launches in India, particularly in the luxury and high-technology segments.

Numaligarh Refinery Ltd will soon process imported crude oil. This follows its capacity expansion to nine million tonnes per annum. The project is set for completion by the end of the year. Imported crude will arrive via Paradip Port. A new pipeline connects the port to Numaligarh. This expansion will meet fuel demand in eastern and northeastern India.

BPCL is developing a large refinery-cum-petrochemical complex near Ramayyapatnam port in the Nellore district of Andhra Pradesh. The base investment for the project is estimated at around Rs 96,000 crore.

ONGC and Reliance Industries Ltd have partnered to share offshore resources like supply vessels. This collaboration aims to boost efficiency and speed up oil and gas exploration projects. The agreement allows for joint use of infrastructure and technical capabilities. This move is expected to reduce duplication and optimize capital deployment.

India has entered a new growth phase. President Droupadi Murmu highlighted successes and achievements from the past decade. Infrastructure development, especially in the Northeast, has improved connectivity. The nation also commemorated significant historical and cultural figures. The government's commitment to social justice has lifted 25 crore citizens out of poverty. This marks the start of the Budget Session.

India's Department for Promotion of Industry and Internal Trade is proposing updates to the Designs Act. The changes aim to protect digital and virtual designs, reflecting modern innovation. The law will be updated to include graphical user interfaces and animated designs. Other proposals include extending protection periods and simplifying filing processes.