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February 6, 2026
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Bitcoin and Asian markets fell as technology stocks and AI spending concerns drove broad market losses.
Asian equities and US futures fell as technology sector weakness and investor concern over large AI investments pressured markets; Bitcoin plunged about 9 percent (briefly over 12 percent), wiping out gains since the prior US election. Precious metals retreated after a safe haven rally, crude oil edged higher, and currencies showed modest moves amid cross asset volatility.
February 6, 2026
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Stock markets fell as IT stocks lagged and investors awaited a central bank policy decision amid foreign fund outflows.
Stock indices opened lower with IT heavyweights leading losses as investors remained cautious ahead of a central bank monetary policy announcement; foreign institutional selling and global technology weakness were cited as primary downward drivers affecting short-term market dynamics and sector volatility.
February 6, 2026
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Rupee rises on central bank monetary policy anticipation; gains limited by FII outflows and rising crude oil prices.
Rupee appreciation to 90.23 against the US dollar was driven by market positioning ahead of the central bank's monetary policy announcement, with guidance from that announcement cited as the main near term driver. Gains were capped by net foreign portfolio outflows, a firmer dollar index and rising global crude oil prices, which together limited stronger upward movement and shaped short term market expectations.
February 6, 2026
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Trans-Arunachal highway compensation scam: Enforcement agency seizes Rs2.2 crore during PMLA money laundering probe linked to fake beneficiaries and inflated assessments
Enforcement Directorate searches under the Prevention of Money Laundering Act seized about Rs 2.2 crore from premises linked to an alleged Trans Arunachal Highway compensation scheme. The probe alleges large scale irregularities in assessment, certification and disbursement of land acquisition compensation, diversion of funds into savings accounts, issuance of cheques to fabricated or ineligible beneficiaries, inflated and fictitious assessments and inclusion of non existent structures, causing an alleged loss of about Rs 44 crore.
February 6, 2026
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Telangana minority reservations, caste survey data and a proposed hate speech law tied to protecting the four per cent quota.
Telangana's Chief Minister challenged the BJP to form government after past statements promising to end the four per cent minority reservation, and stated the state has finalized Muslim population figures via a caste survey to support making that reservation permanent. He announced that a hate speech law and policy document will be prepared for the upcoming budget session to deter and punish hate crimes and inflammatory remarks, and that a former judge has been asked to assist in drafting the legislation.
February 6, 2026
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Retired IIT Bombay staffer cheated of Rs 4.62 crore through impersonation and bank account laundering.
A retired IIT Bombay employee was induced by callers impersonating officials to withdraw deposits and transfer Rs 4.62 crore into bank accounts supplied by cybercriminals; a case was registered for cheating by impersonation and Information Technology Act offences and transferred to a regional cyber cell. Investigation traced the funds to two intermediaries who had opened multiple accounts, withdrew the deposits, and handed proceeds to fraudsters for commission; both were arrested and further inquiries to identify other participants and trace funds continue.
February 6, 2026
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Amazon announces surge in capital spending amid strong Q4 sales but shares fall despite AWS growth.
Amazon reported a 14% fourth quarter sales increase and announced a near 60% rise in capital expenditures to USD 200 billion to expand AI, robotics, semiconductors and satellites, alongside workforce reductions and store closures, while AWS grew 24% with USD 35.6 billion revenue.
February 6, 2026
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Santa Cruz del Norte faces power outages and fuel shortages after disrupted oil shipments and threatened import tariffs.
Persistent power outages and fuel shortages in Santa Cruz del Norte stem from disrupted oil shipments and threatened tariffs that have constrained imports. Residents rely on coal, firewood, improvised stoves and charged lanterns, face rising prices and broken household devices, and endure impacts on transport, hospitals, schools and food production. Government statements label the situation complex but provide no detailed reserve or supply plan; diplomatic contacts and pledged humanitarian aid are noted while many households remain unable to afford alternatives.
February 6, 2026
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US announces $6M humanitarian aid to Cuba amid accusations of an energy blockade and worsening fuel shortages.
The United States announced USD 6 million in humanitarian aid for hurricane affected eastern Cuba, to be delivered by the Catholic Church and Caritas while US embassy personnel monitor distribution to prevent regime diversion. US officials fault Cuban resource misallocation for shortages and signalled potential further assistance if Cuba permits greater US support. Cuban leadership describes US threats to oil suppliers as an "energy blockade," cites fuel shortages and blackouts, and conditions dialogue on respect for Cuban sovereignty.
February 6, 2026
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Amazon Q4 earnings disclosed EPS below estimates, AWS growth strong, and a planned $200B capital expenditure increase.
Amazon reported Q4 net income of USD 21.2 billion and revenue of USD 213.4 billion, with EPS of USD 1.95 below analyst estimates; AWS revenue rose 24% to USD 35.6 billion. The company announced an increase in planned capital expenditures to USD 200 billion from USD 125 billion to fund investments in AI, robotics, semiconductors, and satellites, and after-hours trading reflected an approximately nine percent share decline.
February 6, 2026
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Wall Street plunges as tech stocks and bitcoin fall, job reports lower yields and raise rate-cut prospects.
Equity and crypto markets fell sharply as technology stocks and bitcoin dropped, coinciding with labor-market reports showing rising unemployment claims, increased layoffs and fewer job openings; these signals pushed Treasury yields lower and heightened discussion that weaker labor conditions could raise the likelihood of central-bank interest-rate easing, while commodities also swung sharply and corporate earnings produced mixed sectoral effects.
February 6, 2026
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Homeland Security funding hangs on proposed statutory restraints on immigration enforcement including warrants, ID, and force limits.
DHS appropriations are stalled as Democrats condition funding on reforms to immigration enforcement, including judicial warrants, officer identification and no masks, standardized uniforms and equipment, stricter use-of-force standards, detention safeguards, prohibitions on racial profiling, and verification to prevent wrongful detention of citizens; Republicans counter that such demands must be negotiated within a funding bill and caution that splitting DHS funding or singling out agencies could effectively defund law enforcement, prompting proposals to fund certain DHS components separately to limit shutdown impacts.
February 6, 2026
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DHS funding standoff threatens shutdown as parties clash over ICE reforms and enforcement limits and oversight.
A budget impasse threatens a DHS shutdown as Democrats condition passage of the homeland security spending bill on a suite of immigration enforcement reforms-including judicial warrant requirements, mandatory officer identification, standardized uniforms and equipment, stricter use of force standards, detention safeguards, verification before detention, bans on racial profiling, and limits on tracking protesters-while Republicans call the demands unrealistic, propose alternative conditions, and press for negotiation or partial funding of other DHS components.
February 6, 2026
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Kisan Credit Cards: farmers access loans in five minutes via e KCC; agricultural credit target increased for fiscal 2026 27.
Digital governance measures have accelerated disbursal under the Kisan Credit Card mechanism, enabling loans within five minutes through e KCC instead of delays up to a month. The government has set an elevated agricultural credit target for 2026-27, increasing planned credit flow by 13 percent to Rs 3 lakh crore, and is emphasising integration of technologies including artificial intelligence into agricultural finance platforms.
February 6, 2026
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Drug trafficking suspects arrested; heroin seized and a vehicle reported bought with illicit proceeds, financial probe and asset tracing underway.
Police arrested three family members after intercepting a vehicle in Khanyar and recovering heroin worth lakhs; the vehicle was seized and is reported to have been bought with proceeds of the alleged drug trade. A criminal case under narcotics provisions has been registered, and investigations aim to trace supply and distribution links while conducting a financial probe to identify and attach properties acquired through alleged proceeds of crime.
February 5, 2026
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Drug de-addiction rules to be finalised; bill planned and CCTV mandated at medical and chemist shops.
Finalisation of de-addiction rules and a bill is planned to create a statutory framework; pharmacies and chemist shops are required to install CCTVs to curb unauthorised drug sales. The Health Department, alongside home, social welfare and education departments, is strengthening services under Nasha Mukt Bharat Abhiyan: de-addiction OPD services exist in all 20 districts, nine medical colleges offer psychiatrist oversight, and 11 ATFs in Kashmir and nine in Jammu are functional, with no new government centres under consideration.
February 5, 2026
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Rapido-linked motorbikes seized for operating without trade licence; company ordered to stop bike-taxi bookings and explain noncompliance.
Authorities seized twelve motorbikes linked to a ride-hailing platform for operating bike taxis without a required trade licence, issued a notice directing immediate cessation of bike-taxi bookings through the app, and demanded an explanation under threat of unilateral legal enforcement; police assistance was sought after prior notices to app providers could not be operationally enforced.
February 5, 2026
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Retired medical officer duped of Rs 4.62 crore after impersonation scam led to transfers into mule bank accounts.
A retired medical officer was defrauded of Rs 4.62 crore after impersonators claiming Aadhaar misuse and a Central investigative agency money laundering case threatened arrest; she transferred funds into bank accounts supplied by intermediaries. Police registered cheating by impersonation and Information Technology Act offences and, upon tracing the money trail, arrested two suspects who had opened multiple accounts, accepted deposits, withdrawn funds, and handed them to cybercriminals for a commission; further investigation continues.
February 5, 2026
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Mata Vaishno Devi medical college: call to grant minority status so it can resume operations and preserve private investment.
The Medical Assessment and Rating Board withdrew SMVDIME's letter of permission for non compliance, halting operations and dispersing the initial cohort. The chief minister urged designation of the college as a minority institution to resume operations, preserve significant private investment, reconcile merit based NEET admissions with concerns about student composition, and ensure continued production of doctors for public service.
February 5, 2026
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Interim budget focuses on urban infrastructure: road widening, encroachment regulation, corridors, MSME parks and a global trade centre.
Interim budget prioritises infrastructure-led growth via district town modernisation, road widening and encroachment regulation to unlock corridor development, continued investment in industrial and economic corridors, logistics connectivity and MSME parks, and the proposed global trade centre supported by public private collaboration to develop sustainable, people friendly cities.

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BMW Group India presents India Art Fair 2026

February 5, 2026

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(L-R) Jaya Asokan, Fair Director, India Art Fair and Hardeep Singh Brar, President and CEO, BMW Group India • Celebrating a Decade of Cultural Leadership and Innovation at the Intersection of Art, Design, and Technology. • ‘The Future is Born of Art’ Commission winner Afrah Shafiq showcases ‘A Giant Sampler’ across the India Art Fair façade. • BMW Concept Speedtop on exclusive display at BMW Collectors Lounge. Gurugram. BMW Group India returns as the presenting partner of the 17th edition of India Art Fair from 5 – 8 February 2026 at the NSIC Exhibition Grounds in New Delhi, marking a decade of the brand’s enduring commitment to cultural engagements in India. India Art Fair is the leading platform showcasing modern and contemporary art from India and South Asia and convenes audiences to explore a record 135 exhibitors, including 94 commercial galleries, presented alongside major regional and international art institutions. The fair welcomes 26 new exhibitors, marking its broadest showcase yet, continuing its mission to foreground the most compelling practices and voices from South Asia alongside major contemporary international artists and collectible design, reaffirming its position as leading site for the discovery of art and culture in the region. Mr. Hardeep Singh Brar, President and CEO, BMW Group India, said, “BMW Group India’s decade-long partnership with India Art Fair reflects our unwavering belief that culture, creativity, and innovation are inseparable pillars of progress. Through ‘The Future is Born of Art’ Commission and our presence at this vibrant platform, we celebrate the power of artistic expression to shape a sustainable and inclusive future. The BMW Concept Speedtop, showcased this year, symbolizes our commitment to pushing boundaries, where design, technology, and craftsmanship converge to inspire new horizons. Together with India Art Fair, we are proud to nurture a dynamic ecosystem where art and innovation fuel transformation, not just for the automotive world, but for society at large.” ‘The Future is Born of Art’ Commission: A Bold New Chapter Marking ten years of creative partnership with India Art Fair and five years of the landmark ‘The Future is Born of Art’ Commission, BMW Group India continues to champion emerging Indian artists on the global stage. The 2026 Commission, themed ‘Crafting in Continuum’, is awarded to Afrah Shafiq for her immersive installation ‘A Giant Sampler’, displayed prominently across the fair’s façade for the first time. Shafiq’s work reimagines progress as continuity, a harmonious coexistence of handcraft traditions, digital systems, and human touch. Drawing on embroidery motifs and textile practices linked to women’s histories, the installation integrates an interactive Augmented Reality (AR) experience, inviting visitors to engage with layered narratives of memory, movement, and transformation. The BMW wheel, rendered in cross-stitch, emerges as a contemporary emblem of precision, motion, and cyclical change, connecting the brand’s heritage with artistic innovation. As winners of the prestigious ‘Future is Born of Art’ Commission, led by BMW and India Art Fair, Afrah Shafiq joins the ranks of India’s most promising artistic voices. Previous winners, Non-Linear (Dennis Peter) and Cursorama (Yash Chandak) 2025, Sashikanth Thavudoz (2024), Devika Sundar (2023) and Faiza Hasan (2022), have set the stage with visionary works exploring community, materiality and ecology. Exclusive Showcase: BMW Concept Speedtop at the BMW Collectors Lounge The BMW Concept Speedtop embodies BMW’s seamless fusion of art, design, and innovation, presenting a bold vision of craftsmanship and performance. Its striking shark-nose front, illuminated kidney grille, flowing central spline, and distinctive Touring profile create a powerful presence, enhanced by a dramatic roof gradient from Floating Sunstone Maroon to Floating Sundown Silver and bespoke two-tone wheels. Inside, the precise craftsmanship from BMW’s Dingolfing plant defines a luxurious cabin with brogue style detailing, two-tone leather in Sundown Maroon and Moonstone White, and an ambient light beam inspired by the exterior spline. The leather finished trunk is thoughtfully divided for multi-day journeys. A collaboration with Italian leather specialist Schedoni adds bespoke luggage and behind seat storage, underscoring the concept’s exclusivity. Powered by BMW’s most powerful V8, the Concept Speedtop combines dramatic design with exhilarating performance. Limited to just 70 units worldwide, it offers collectors a rare opportunity to own a true automotive masterpiece. The Concept Speedtop reflects BMW Group’s commitment to cultural engagement and the convergence of art, technology, and future mobility. About BMW Group India Cultural Commitment The BMW Group has initiated and been engaged in hundreds of global cultural initiatives for over 50 years. From music to film, from architecture to design, contemporary art has played an essential role – via long-term institutional partnerships with major museums or partnering with the leading art fairs around the world, such as Art Basel and Frieze from Los Angeles, New York and Miami, to Seoul, Hong kong, Paris, and London. Since its inception, BMW India has participated in leading cultural engagements across the country. In 2007, two BMW Art Cars embellished by world-renowned artists Andy Warhol and Roy Lichtenstein were presented at the Jehangir Art Gallery in Mumbai. BMW Art Car by Andy Warhol, Jeff Koons, Sandro Chia and Cesar Manrique have been exclusively showcased at various editions of the India Art Fair. Since its inception in 2012, BMW has partnered with Kochi-Muziris Biennale, the contemporary art exhibition, which brings international artists to India and creates a global platform for Indian artists. In 2012-13, the innovative BMW Guggenheim Lab came to India. Based at Dr. Bhau Daji Lad Museum and conducted at six different venues in Mumbai, the lab organised six weeks of free programmes with diverse audiences and communities addressing the challenges and conditions of the urban city. In 2026, BMW Group India and India Art Fair celebrate ten years of partnership and five years of The Future is Born of Art Commission. A milestone that underscores their shared commitment to creativity, innovation and sustainability at the intersection of art, design and technology. About India Art Fair | Indiaartfair.in India Art Fair is the leading platform to discover modern and contemporary art from South Asia. Established in 2008, India Art Fair is the region’s premier modern and contemporary art fair, providing a unique access point to its thriving cultural scene, drawing together galleries, artists, private foundations, arts charities, artist collectives, national institutions, cultural events and festivals. Launching in 2025, IAF EDI+IONS is a new initiative designed as a series of curated showcases across India, reaffirming the fair’s commitment to expanding its regional footprint to celebrate the best of art and culture from across South Asia. Rooted in local cultural contexts while connected to global networks, IAD EDI+IONS extends the fair’s annual curatorial vision beyond Delhi, offering intimate yet impactful experiences for collectors, patrons and institutions, while celebrating the best of South Asian art and design. India Art Fair is owned and operated by Angus Montgomery Arts (AMA), a division of Angus Montgomery Ltd. If you have any queries, please contact: BMW Group India Richa Sharma, Head of Press and Corporate Affairs Cell: +91 9910022148; Tel: + 91 124 4566600; Email: [email protected] Satchit Gayakwad, Press and Corporate Affairs Cell: +91 9892579925; Tel: + 91 124 4566600; Email: [email protected] Internet: www.bmw.in Facebook: https://www.facebook.com/bmwindia X: https://x.com/bmwindia YouTube: https://www.youtube.com/user/bmwindia Instagram: https://www.instagram.com/bmwindia_official (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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