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    1.4 billion people first: India reaffirms 'supreme priority' over energy sourcing
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February 5, 2026
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India prioritises energy security, diversifying crude sources while remaining open to Venezuelan supplies amid a US tariff reduction.
Ensuring energy security for 1.4 billion Indians is the government's supreme priority, guiding a policy of diversifying energy sourcing based on objective market conditions and commercial merits; procurement decisions are driven by national interest and market dynamics. The statement also notes a negotiated reduction in US tariffs on Indian goods to 18 percent and indicates openness to commercial crude supply options such as Venezuela, subject to sanctions and commercial viability.
February 5, 2026
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Supertech EV begins operations at Harapanahalli plant with local assembly and capacity for 12,000 two-wheelers annually.
Supertech EV Limited has started operations at its Harapanahalli, Karnataka manufacturing facility with annual capacity for 12,000 electric two-wheelers and 1,200 electric three-wheelers, undertaking complete local assembly of its established scooter and three-wheeler models and targeting monthly sales of about 500 units while expanding market presence in southern and western India.
February 5, 2026
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Amit Rautela appointed CFO at Patratu Vidyut Utpadan Nigam to oversee financials and optimise borrowing costs.
Appointment of Amit Rautela as Chief Financial Officer of Patratu Vidyut Utpadan Nigam assigns him responsibility for all company financials with priorities to optimise borrowing costs, improve working capital, and strengthen fiscal discipline for the 74:26 NTPC-Jharkhand joint venture; his prior CFO experience at Meja Urja Nigam Private Limited and over 27 years in finance are noted.
February 5, 2026
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Tamil Nadu Cabinet approves 15 industrial projects worth Rs 34,237 crore, creating 55,000 jobs across the state.
The state government granted Cabinet approval to 15 industrial project proposals totaling Rs 34,237 crore, covering expansions and new projects across Chennai, Ranipet, Thiruvallur and other districts, including an international footwear brand, and projecting the creation of 55,000 jobs as part of the executive's investment promotion measures.
February 5, 2026
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Unemployment claims rose to 231,000, signaling modestly higher separations amid a broader hiring slowdown and fewer job openings.
Initial unemployment-claim applications rose by 22,000 to 231,000 for the week ending January 31, above forecasts, with the four-week moving average up to 212,250 and continuing claims at 1.84 million. These high-frequency claim measures indicate modestly higher separations amid an overall hiring slowdown: just 50,000 jobs added in December and 584,000 jobs for 2025. Declining job openings and high-profile corporate layoffs, coupled with recent Fed rate trims and a subsequent hold, are identified as contributing factors to softer hiring momentum.
February 5, 2026
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Civil Services Examination requires mandatory face authentication and restricts eligibility of candidates already appointed to IAS, IFS, or IPS.
UPSC requires mandatory face authentication at examination venues, advises Aadhaar use for identity verification, mandates upload of photograph, live photograph capture and three signatures in the CAF, and bars withdrawal or post submission corrections. The notification enforces eligibility restrictions: serving IAS and IFS officers are ineligible for CSE 2026; appointments to IAS/IFS after prelims preclude mains participation and appointments after mains commencement but before results exclude candidates from CSE 2026 consideration. Time to make representations on prelim papers is reduced to five days.
February 5, 2026
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West Bengal interim budget expands cash transfers and targeted allowances to consolidate voter blocs ahead of assembly elections.
The interim vote-on-account repackages targeted welfare as electoral commitments by immediately raising Lakshmir Bhandar allowances, proposing the conditional Banglar Yuva Sathi unemployment stipend with an Rs 5,000 crore allocation, increasing stipends and compensations for frontline workers, granting a four per cent dearness allowance hike for government employees and pairing these measures with MSME parks, a Rs 2,000 crore rural job allocation and a river-erosion master plan for electorally sensitive districts.
February 5, 2026
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West Bengal interim budget projects 14% higher spending to Rs 3.96 lakh crore and narrows the revenue deficit.
The interim budget projects total expenditure of Rs 3.96 lakh crore for 2026-27 with a vote-on-account for the first four months, a marginal overall deficit of Rs 4 crore (Rs 62.70 crore including opening balance), and a narrowed revenue deficit of Rs 21,759.34 crore. Major allocations include Rs 1.80 lakh crore for social welfare and Rs 86,533.10 crore for capital expenditure (over half for loan repayments); own-tax revenues, central grants-in-aid, and market borrowings are separately forecast.
February 5, 2026
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India US trade deal nearing completion reportedly cuts US tariffs on Indian exports to 18 percent and advances critical minerals cooperation.
A bilateral India US trade agreement is in advanced finalisation and reportedly includes a tariff reduction to 18 percent and removal of a 25 percent additional levy tied to energy purchases; the deal is expected to boost Indian exports and labour intensive industries. Concurrently, cooperation on critical minerals is advancing and further engagement on defence and energy is anticipated, while India emphasises energy security and historical commercial ties with Venezuela when assessing supply options.
February 5, 2026
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Soda ash plant expansion gets environmental clearance, doubling capacity, adding sodium bicarbonate production and jobs.
SOKA has obtained environmental clearance to double soda ash capacity from 500,000 to 1,000,000 MTPY in phased steps (first to 750,000 MTPY), will add sodium bicarbonate production, uses a captive co generation power facility, and anticipates ~2,000 new jobs while strengthening domestic supply for detergents, glass (including solar glass), textiles, chemicals, and export markets.
February 5, 2026
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Leasing residential flats does not automatically bar consumer-protection claims; focus is on the purchaser's dominant commercial purpose.
A purchaser's exclusion from "consumer" status due to leasing depends on whether the dominant purpose of purchase was profit-generating commercial activity; the onus of proving such a commercial purpose and a close nexus to profit lies on the party asserting the exclusion, and mere leasing does not ipso facto demonstrate that dominant commercial intention.
February 5, 2026
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Bharat Taxi launch: cooperative, driver-owned ride-hailing with zero-commission fares and direct profit sharing.
A driver-owned ride-hailing platform registered as a multistate cooperative implements a zero-commission, surge-free fare model that keeps Rs 20 per Rs 100 as the platform share (owned by drivers) and channels Rs 80 directly to drivers, pairs collective ownership with mandated social-security measures, and will expand from initial pilot regions to nationwide operation within three years.
February 5, 2026
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Housing completion, modification of sports board ban, and dearness allowance directed for past service period.
Orders addressed completion of 16 stalled housing projects by a state contractor for an insolvent developer; modification permitting a sports administrator's board association; direction to pay dearness allowance for 2008-2019 as a legally-enforceable right; adjournment of an NSA detention challenge; upholding of a legislative election. The court authorised the civil service commission to flag delays in senior police appointment proposals, called for fresh hearing of retrospective environmental clearance challenges, and listed petitions on election challenges and deregistration for parties promising pre-poll freebies.
February 5, 2026
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European Central Bank holds deposit rate at 2% as growth stays resilient and inflation sits below target.
The European Central Bank kept its deposit rate at 2 percent as lower rates, low unemployment and easing energy costs supported resilient eurozone growth, while inflation fell to 1.7 percent. A US EU tariff deal reducing trade uncertainty and anticipated higher public spending in Germany, plus France's budget resolution via special powers, contribute to forecasts that rates may remain unchanged into 2027 absent stronger growth.
February 5, 2026
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Silver and gold plunged amid a global selloff as a stronger dollar and Chinese futures liquidations intensified the rout.
Silver and gold fell sharply as a stronger US dollar, hawkish Fed remarks and reduced safe haven demand triggered a global selloff; international pressures, notably a steep decline in Shanghai silver futures and forced liquidations at a major Chinese silver futures fund, intensified the rout and transmitted additional downward pressure to domestic precious metal prices.
February 5, 2026
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Manipur finances: state resources and tax collection rose, excise revenues and security funding increased, boosting resettlement and anti-narcotics efforts.
State resources rose from Rs 1,443 crore to Rs 2,087 crore between 2023-24 and 2024-25, with own tax collections improving markedly (Rs 1,254 crore by October 2025 versus Rs 608 crore in October 2024). Phased lifting of prohibition is expected to boost excise duty. The administration pursues a zero tolerance policy on narcotics-destroying illicit poppy cultivation and seizing drugs-and has secured Rs 196.61 crore for security and smart policing plus over Rs 54 crore for police infrastructure, while targeting resettlement of more than 10,000 IDP households.
February 5, 2026
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India-EU and India-US FTAs expected to boost manufacturing, exports, investment and job creation in key sectors.
NDA leaders in Kerala endorsed the economic effects of India's Free Trade Agreements with the US and EU, arguing the accords will expand market access, boost manufacturing and exports in electronics, semiconductors, apparel and footwear, attract investment, spur startups and job creation, and position India as a competitive supplier. They criticised the state government's development record and opposition resistance. An industry representative denied any improper link to an enforcement notice, characterised inspections as routine, and said alleged violations must be proven in court.
February 5, 2026
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Rajasthan's stone industry: investor-friendly policies, single-window clearances and infrastructure to boost value addition and exports.
The state announced an investor-friendly, policy-stable initiative for the stone industry centred on a single-window clearance, simplified procedures, stronger industrial infrastructure and improved logistics to facilitate business setup, value addition and access to global markets.
February 5, 2026
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SaltDiscovery Media Group launches Brand Communion to cover branding, marketing, and consumer behaviour with multilingual plans.
SaltDiscovery Media Group celebrated five years and launched Brand Communion, an English-language flagship focused on brands, marketing, public relations, consumer behaviour, and corporate storytelling for India and the Eurasian market, with plans for multilingual expansion; the group emphasised responsible journalism, intent to bolster research and analytics, expand its global contributor network in 2026, and to broaden its publishing portfolio including the forthcoming Business Journal Live.
February 5, 2026
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KaarTech named among India's Top 50 Best Workplaces in IT & IT BPM for commitment to trust and people first culture.
KaarTech was named one of India's Top 50 Best Workplaces in IT & IT BPM for 2025 by Great Place to Work India, attributed to a people first culture emphasising trust, inclusion, innovation, and strong employee experience, with the company's global operations, SAP S/4HANA engagements, proprietary IP (KTern.AI), and industry awards presented as contextual support for its workplace practices.

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Merck Foundation Marks World Cancer Day by Providing 258 Oncology Scholarships to Healthcare Providers Across 34 African and Asian Countries

February 5, 2026

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Mumbai, Maharashtra, India & Accra, Ghana – Business Wire India • Merck Foundation, together with African First Ladies and Ministries of Health continues to build cancer care capacity by providing around 260 Scholarships of One-year Clinical Training in many oncology sub- specialties, and One year and Two year Post Graduate Diploma and Master Degree of Cancer and Clinical Oncology, Medical Oncology and Pain Management. • Merck Foundation is making history in Africa by training the First African Oncologists and First Cancer Care Teams in Countries such as The Gambia, Sierra Leone, Burundi, Liberia, Guinea Conakry, Central African Republic, Chad, Malawi, Niger, Namibia, Zambia, Zimbabwe and more. • Merck Foundation Chairman and CEO, together with African First Ladies, recently released “Ray of Hope” children’s storybook and Animation Film for Cancer Awareness in three languages. Watch ‘Ray of Hope’ animation film here: https://youtu.be/6vCAufPnCPw Merck Foundation, the philanthropic arm of Merck KGaA Germany, marks ‘World Cancer Day 2026’ together with Africa’s First Ladies and Ministries of Health by continuing to build and advance cancer care capacity through their Cancer Access Program, with the aim to increase the limited number of Oncologists in Africa. Senator Dr. Rasha Kelej (Ret.) explained, “At Merck Foundation, we mark World Cancer Day through our sustained, everyday efforts to transform cancer care in Africa by addressing one of its most critical gaps: late diagnosis and the shortage of trained specialists. Together with my dear sisters, African First Ladies, we have strengthened cancer care capacity in the continent by providing 258 Oncology Scholarships for healthcare providers from 34 African and Asian countries, significantly increasing the number of trained oncologists and developing the multidisciplinary cancer care teams. In several of these countries, there wasn’t even a single oncologist. We are very proud that we are making history by training the first oncologists and first multidisciplinary cancer care teams in many countries like The Gambia, Sierra Leone, Burundi, Liberia, Guinea Conakry, Central African Republic, Chad, Niger, and many more.” Merck Foundation in total provided more than 2500 scholarships for healthcare providers from 52 countries in 44 critical and underserved specialities. “Merck Foundation remains committed to transforming the landscape of patient care in general, and cancer care in particular, leading Africa toward a healthier future,” Dr. Rasha Kelej further explained. As part of their Cancer Access Program, Merck Foundation has to date provided 258 Scholarships for healthcare providers from 34 countries as per the following: Merck Foundation is establishing Multidisciplinary Oncology Care teams in many African countries by providing scholarships of One year clinical training in most of oncology sub- specialties such as; Medical Oncology, Surgical Oncology, Pediatrics Oncology, Gynecology Oncology, Breast Oncology, Haemato-Oncology, Orthopedic Oncology, Palliative Care, Pathology Oncology, Radiation Oncology, Research in Oncology, Genital Urinary oncology, Advanced Cytopathology Training, Interventional Radiology, Radiation Technician, Laboratory Technician, Oncology Nursing. Moreover, Merck Foundation provides One-year and Two-year Post Graduate Diploma and Master Degree of Cancer and Clinical Oncology, Medical Oncology and Pain Management from reputed Universities in the UK like, such as the University of South Wales, University of Buckingham, Queen Mary University of London, and Cardiff University. The 34 countries include Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo Brazzaville, Democratic Republic of the Congo, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Kenya, Liberia, Malawi, Malaysia, Mauritius, Mozambique, Namibia, Nepal, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Sierra Leone, South Africa, Sri Lanka, Tanzania, Togo, Uganda, Zambia, and Zimbabwe. According to WHO data (2022), Africa sees roughly 1.1 million new cancer cases and up to about 700,000 cancer deaths each year. Cancer mortality rates in Africa are much higher than in many other regions of the world, reflecting late diagnosis, limited access to care, and gaps in health systems. Therefore, Merck Foundation’s oncology scholarships play a critically important role in strengthening cancer care capacity across the continent. Dr. Rasha Kelej further shared, “Nearly two-thirds of cancer cases can be successfully treated when diagnosed early, and up to one-third can be prevented by reducing key risk factors such as exposure to radiation, certain infections, and lifestyle-related causes. To raise awareness about it, we have recently launched a children storybook and its adaptive animation film “Ray of Hope”, in partnership with African First Ladies. The story deals with childhood cancer and highlights the critical importance of early detection and access to well-trained cancer care teams capable of recognizing early warning signs.” Read ‘Ray of Hope’ storybook here: https://merck-foundation.com/flipbook-proxy/digital_library/1760607426_e5e3447ae2996a8d743f.pdf# Watch ‘Ray of Hope’ animation film here: https://youtu.be/6vCAufPnCPw Merck Foundation has also created awareness materials including awareness leaflets and videos on Cancer Prevention and Early Detection. Dr Judith Mkwaila, Merck Foundation Alumni from Malawi shares, “It was a great honor and privilege to be awarded the Merck Foundation Scholarship to pursue the Surgical Oncology fellowship training program at Krishna Vishwa Vidyapeeth, India. The fellowship gave me both, theoretical and hands-on training in complex oncological procedures for head and neck cancers, breast, upper gastrointestinal and colorectal cancers. I was exposed to a multidisciplinary team approach in cancer care hence deepening my knowledge and skills in a multimodality approach to cancer treatment for both curative and palliative purposes. Due to the knowledge and skills acquired through the training, I was able to start a General Surgical Clinic and become the First and Only Female Chief Surgeon at the Mzuzu Central Hospital. I am very thankful to Merck Foundation for the opportunity given to me to pursue this fellowship program and for continuing this noble cause of increasing access to high quality cancer care.” Click the link below to Download Merck Foundation App https://www.merck-foundation.com/MF_StoreRedirection Join the conversation on our social media platforms below and let your voice be heard Facebook: Merck Foundation X: @MerckFoundation YouTube: MerckFoundation Instagram: Merck Foundation Threads: Merck Foundation Flickr: Merck Foundation Website: www.merckfoundation.com About Merck Foundation The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.merck-foundation.com to read more. Follow the social media of Merck Foundation: Facebook, X, Instagram, YouTube, Threads and Flickr. The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors. To View the Image, Click on the Link Below: Merck Foundation and African First Ladies are Making History in Africa by Training the First Oncologists and Cancer Care teams in their Countries.

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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