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    TN Cabinet gives nod to 15 proposals for commitment of Rs 34,000 cr investment
    US applications for jobless benefits jump by 22,000 to 231,000 last week, most in 2 months
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    Poll-bound Bengal interim budget turns welfare into electoral currency
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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.
February 5, 2026
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Urban India protein deficiency survey finds 60% not consuming protein daily; affordability and awareness are key barriers.
A nationwide urban survey of over 207,000 respondents finds roughly 60% of urban Indians do not consume protein-rich foods daily and that major knowledge gaps exist about recommended protein intake and symptoms of deficiency. Affordability, not availability, is the principal barrier, with taste and dietary restrictions also limiting consumption. The release reports industry responses including a high-protein milk product and a partnered awareness campaign aimed at improving protein access and literacy.
February 5, 2026
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Bank of England keeps interest rate at 3.75%, forecasts inflation toward 2% and signals possible further cuts.
The Bank of England maintained its policy rate at 3.75 per cent with the Monetary Policy Committee narrowly split (five to hold, four to cut). Accompanying forecasts project inflation falling toward the 2 per cent target from 3.4 per cent, and the Bank signalled scope for further reductions in the Bank Rate later in the year provided inflation declines as projected.
February 5, 2026
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India Art Fair 2026 spotlights BMW's decade-long cultural partnership and Afrah Shafiq's immersive commissioned installation.
BMW Group India returns as presenting partner of India Art Fair 2026, operationalising its decade-long cultural sponsorship through the "The Future is Born of Art" Commission; the 2026 Commission, themed "Crafting in Continuum," is awarded to Afrah Shafiq for an immersive fac ade installation that combines textile traditions with an interactive Augmented Reality experience, while BMW also presents the limited-run Concept Speedtop in a collectors' showcase.

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Sunmeister Energy: Engineering Reliable Power and Energy Solutions for Indian Realities

February 5, 2026

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Solar Hybrid and Off-grid Power & Energy Solutions | Chennai, India | Since 2014 Chennai, Tamil Nadu, India (NewsVoir) At Swayambhu Farm in Odisha, a farmer checks his hybrid solar cold storage unit, fully electric, steady at 4°C through the entire monsoon season. His mangoes will reach market in perfect condition. Eight hundred kilometres north, at 16,000 feet in high altitude observation posts, where temperatures plunge to -50°C and conditions become barely livable for humans, a Sunmeister solar hybrid generator operates in silence powering communications and essential equipment through conditions that would defeat most machines. From coastal farmland to Himalayan peaks, this is what Sunmeister Energy has spent a decade building: solar hybrid power that people never have to think about. Starting with the right question Founded in Chennai in 2014, Sunmeister began not with solar panels but with a deeper question: How do you make power and energy truly dependable, across India's diverse terrains and regardless of grid conditions? The answer led to a storage-first philosophy that would define everything the company built. Rather than treating solar as a standalone solution, Sunmeister engineered holistic solar hybrid power and energy systems intelligently combining solar generation, battery storage, grid power, and generators into ecosystems that think for themselves. These systems switch seamlessly between power sources, protect sensitive equipment, and keep critical loads running regardless of external conditions. The panels matter, certainly. But they're one instrument in an orchestra, not a solo act. Holistic, not standalone A solar panel on a roof is just the beginning. True energy independence requires a complete ecosystem - generation, storage, backup, monitoring, and intelligent management working together. Sunmeister designs holistic power and energy solutions where every component serves the whole. Batteries store excess solar generation for use after dark. Inverters manage the flow between solar, grid, and backup sources. Smart monitoring tracks performance and anticipates maintenance needs. The result isn't a collection of parts, it's an integrated system engineered for reliability across every condition. This holistic approach means clients don't worry about individual components. They simply have power when they need it. A problem-solving approach Every Sunmeister project starts with listening. What are the critical loads? What are the site conditions? What does reliability actually mean for this client? The team works backwards - designing systems that meet specific requirements rather than offering off-the-shelf configurations. A healthcare centre in Nagaland has different needs than a factory in Chennai or a farmhouse in Odisha. When hybrid generators were needed for forward posts at high altitudes , or marine applications. Sunmeister's team spent weeks understanding extreme cold conditions refining designs for reliability at -50°C. When farmers needed cold storage that could survive monsoons, Sunmeister developed India's first fully electric, hybrid solar cold rooms - zero-diesel and now deployed across Bihar, Madhya Pradesh, and Odisha. India's leading Victron Energy partner Sunmeister is India's foremost distributor and solution provider for Victron Energy - a Dutch power electronics company with nearly five decades of experience in marine, off-grid, and mission-critical applications. It's technology trusted on ocean-crossing yachts and Antarctic research stations. As authorised distributors, Sunmeister provides access to the full Victron product range. As design and solution providers, the team engineers complete systems tailored to Indian conditions. As service partners, they deliver installation, commissioning, and ongoing maintenance. Remote monitoring through Victron's VRM platform provides real-time visibility into system performance. Issues are identified and addressed before they become problems. Designed for India Global technology alone wasn't enough. Every component and installation practice had to be adapted for Indian conditions: summers, coastal humidity, fine dust, monsoon rains, voltage fluctuations. Over a decade of on-ground experience shaped an approach where nothing is assumed and everything is engineered for resilience. Today, with over 600 installations operational and failure rate under 0.1%, Sunmeister has earned a reputation for solar hybrid systems that simply work—day after day, year after year. Trusted across sectors The company's journey has taken it from Chennai rooftops to healthcare centres in Nagaland, from the National Blind School to the French Consulate in Puducherry. The client portfolio spans homes, commercial establishments, factories, farms, hospitals, educational institutions, government bodies, development organisations including UNDP and UNICEF, and defence installations. What unites them: power they can count on, every single time. Engineering for the long term Sunmeister doesn't compete on being the cheapest. The focus is on lowest total cost of ownership, holistic solar hybrid systems engineered for 15–25 years of service life, backed by warranties that match. At its core, Sunmeister Energy is built on a simple belief: power and energy should be something people never have to worry about. Not during monsoons. Not at -50°C. Not when everything depends on it. About Sunmeister Energy Pvt. Ltd. Sunmeister Energy is a Chennai-based solar hybrid power and energy solutions company founded in 2014. As India's leading Victron Energy distributor and solution provider, the company designs, installs, and maintains holistic solar, storage, and hybrid power and energy systems across India and international markets. www.sunmeister.in www.sunmeister.in | [email protected] | WhatsApp: +91 9600763493 | 044 4011 4424 (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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