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    India and Gulf Cooperation Council Sign Terms of Reference for India–GCC Free Trade Agreement
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February 5, 2026
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India-GCC free trade agreement terms of reference set to guide negotiations for trade, services and investment liberalisation.
Terms of Reference for the India-GCC Free Trade Agreement were signed by the chief negotiators to establish the procedural framework that will define the FTA's scope and negotiation modalities. The ToR mandates negotiations focused on liberalising trade in goods and services, facilitating investment flows, and creating predictable rules to support seamless cross border movement of goods and services, with priorities including market access, investment facilitation, and measures to bolster food and energy security.
February 5, 2026
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AMNS India receives green steel certification; hot rolled products 4 star, cold rolled products 3 star under emissions taxonomy.
AMNS India has been certified under the government's green steel taxonomy, which assigns star ratings based on CO2 emissions per tonne of finished steel (five star 1.6 tCO2; four star 1.6-2 tCO2; three star 2-2.2 tCO2). AMNS's hot rolled products received a four star rating and cold rolled products a three star rating, enabling commercial supply of these certified products and allowing customers to reduce scope 3 emissions across their value chains.
February 5, 2026
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Umbrella imports now subject to minimum import price of Rs 100 per piece; imports below that level are prohibited.
A minimum import price of Rs 100 per piece for finished umbrellas prohibits imports with CIF value below that floor and reclassifies finished umbrella imports from free to restricted, while exempting Advance Authorisations, Export Oriented Units and Special Economic Zones; concurrent tariff increases apply to umbrellas and to parts, trimmings and accessories.
February 5, 2026
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Bharti Airtel disclosed a sharp fall in consolidated profit while reporting higher revenue and improved India ARPU in a regulatory filing.
Bharti Airtel disclosed in a regulatory filing a marked year on year fall in consolidated net profit for the quarter ended December 2025 alongside higher consolidated revenue from operations; segmented India metrics including India revenue, India mobile revenue, and a rise in ARPU were reported to satisfy investor oriented disclosure norms and enable market assessment of operational drivers.
February 5, 2026
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India and GCC launch formal FTA negotiations under agreed terms of reference to expand trade and investment.
India and the Gulf Cooperation Council signed terms of reference to formally launch free trade agreement negotiations, defining the scope, modalities and negotiating mandate. The ToR aim to address elimination or reduction of tariffs and non tariff barriers, facilitate trade in goods and services, and promote investment and sectoral cooperation-notably in infrastructure, petrochemicals, ICT, and energy and food security-under appointed chief negotiators and as a resumption of earlier halted talks.
February 5, 2026
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DMK launches 'halwa' protest over Union Budget, alleging Tamil Nadu received no allocations and warning electoral consequences.
The DMK launched a symbolic "halwa" campaign to protest the Union Budget, alleging the Centre made no meaningful allocations for Tamil Nadu, including no flood relief funds or major infrastructure outlays despite prior representations, and warned of electoral consequences for the ruling national party.
February 5, 2026
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Bengal interim budget emphasises pro-people welfare and fiscal discipline, totalling Rs 4.06 lakh crore ahead of elections.
The West Bengal interim budget for 2026-27 is described as a pro-people plan that pairs targeted welfare allocations for women, youth, workers and vulnerable groups with asserted fiscal discipline. Despite alleging deprivation of legitimate central dues, the state maintained development and social spending and tabled an interim estimate of Rs 4.06 lakh crore ahead of upcoming elections.
February 5, 2026
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India US trade agreement will cut US tariffs on Indian goods to 18% and link reciprocal Indian tariff changes to a legal pact.
The first tranche of a bilateral trade arrangement will reduce US tariffs on Indian exports from 50% to 18% via a US executive order after a joint statement is signed; Indian tariff reductions will follow only after a formal legal agreement, with Indian duties treated as MFN levies and US duties as executive tariffs.
February 5, 2026
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Vizhinjam port achieves 83rd global rank; records 123,092 TEUs monthly and expands under Rs16,000-cr Phase 2.
Vizhinjam International Seaport climbed to the 83rd global position in container ports after recording a monthly high of 1,23,092 TEUs, 62 vessels and a gross crane rate of 30.12 lifts per hour; since opening it has handled 740 vessels and 1.57 million TEUs. Phase 2 is a Rs 16,000-crore expansion within a Rs 30,000-crore investment commitment under the PPP model. The port's semi-automated operations, capacity for ultra-large container vessels, indigenous Vessel Traffic Management System, and deployment of women automated crane operators have driven productivity, safety and regional transshipment capability.
February 5, 2026
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Stock markets snap rally; Sensex falls 504 points amid global weakness and cautious stance ahead of policy meeting.
Benchmark indices reversed a three-day rally as the Sensex fell about 504 points to 83,313.93 and the Nifty declined to 25,642.80 amid profit-booking. Global market weakness, geopolitical tensions, and caution ahead of a central bank policy meeting intensified risk-off sentiment; limited net buying by foreign and domestic institutional investors provided some support but did not prevent consolidation.
February 5, 2026
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DeepSnitch AI presale claims DSNT utility with AuditSnitch screening, 300% bonus, and advertised high multiple returns.
The piece reports DeepSnitch AI's DSNT presale having raised $1.48M in Stage 5 at $0.03830, promoted with a 300% bonus and hypothetical 100X-500X returns, and details claimed product features including five AI monitoring agents and an AuditSnitch forensic token-address scanner that screens for honeypots, ownership traps, and liquidity issues. It also notes Tether's reported scaling back of fundraising plans and frames AI surveillance as a tool to monitor resulting liquidity and funding signals, while including a risk disclaimer on crypto volatility and investor suitability.
February 5, 2026
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DeepSnitch AI presale surges 160% amid market claims; article includes risk disclaimer and no investment advice.
DeepSnitch AI presale is reported to have risen 160% with over $1.5 million raised and marketed utility in smart contract auditing and AI market intelligence. The article cites on-chain data about exchange reserves and coordinated online posts raising market concerns. It includes a clear legal disclosure: trading crypto entails high risk, the content does not constitute investment advice, the publisher disclaims liability, and the item is a third party press release not edited by the channel.
February 5, 2026
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Voice-based billing AI enables SMEs to create invoices, record transactions, and fetch reports via conversational input.
Pilloo AI is a voice-driven billing and accounting agent enabling SMEs to create invoices, record sales and payments, retrieve reports (balance sheets, receivables, payables), and automate purchase and bank transaction entries by uploading bills and bank statements for instant data extraction; it requires no accounting expertise and supports conversational interactions in five Indian languages with plans to scale to over fifty.
February 5, 2026
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Rupee rises amid trade-deal optimism as markets await RBI interest-rate decision while equities cap gains.
Rupee gains were driven by optimism over an India-US trade deal and lower commodity prices but capped by corporate dollar demand, weak equities and undocumented deal terms. Market focus shifted to verification and the upcoming Reserve Bank of India Monetary Policy Committee decision; analysts expect either status quo or a modest additional rate cut, with the RBI's announcement, the dollar index and Brent crude futures seen as principal near-term determinants of the rupee's trajectory.
February 5, 2026
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Interim budget boosts women, youth and frontline workers with cash transfers, new youth allowance and multiple pay hikes.
Interim budget of Rs 4.06 lakh crore increases Lakshmir Bhandar monthly grant by Rs 500 (Rs 15,000 crore allocation); proposes Banglar Yuva Sathi providing Rs 1,500 monthly to unemployed 21-40 year olds until employment or up to five years (to start Aug 15 if the incumbent party returns); raises Anganwadi worker/helper pay by Rs 1,000 with Rs 5 lakh death compensation (Rs 280 crore allocation); grants ASHA workers an extra Rs 1,000 monthly; raises civic volunteer and Green Police pay by Rs 1,000 (Rs 150 crore allocation); and increases dearness allowance for government employees by four percent.
February 5, 2026
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India's logistics sector needs 47 lakh workers by 2030, prompting major skilling and digital workforce reforms.
The Logistics Sector Skill Council projects a need for 47 lakh additional logistics workers by 2030 and calls for major skilling reforms and creation of a digital workforce; it has partnered with LogiMAT India to advance training, industry collaboration, technology adoption and measures to boost women's participation as part of workforce transformation.
February 5, 2026
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Bharat Taxi cooperative ride-hailing launches with zero-commission model and direct profit-sharing for drivers, plus social security benefits.
Bharat Taxi is established as a multi-state cooperative under the Multi-State Cooperative Societies Act, structured as a driver-member owned platform backed by cooperative organisations. It operates a zero-commission, surge-free pricing model with direct profit-sharing to drivers and implements driver welfare measures including health and accident insurance, retirement savings and dedicated support centres, while planning phased nationwide expansion and cross-jurisdictional cooperative operation.
February 5, 2026
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G Square Group acquires historic 5 acre TVS founder land in Madurai for residential commercial plotted development.
G Square Group acquired a 5 acre heritage land parcel in Madurai from the TVS founder's legacy for 167 crore and will develop it as G Square Temple View Square (TVS), allocating 1.63 acres to residential use, 2 acres to commercial use and 1.37 acres to infrastructure. The project comprises 55 plots (50 residential, 5 commercial) with residential pricing from 15,990 per sq. ft. and commercial pricing from 25,990 per sq. ft. The developer commits to a no cash policy, clear documentation, transaction transparency and post purchase construction support.
February 5, 2026
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Mumbai Climate Week spotlights extreme heat and climate inequality through a Civic Studios short film to spur local action.
Urban heat and climate inequality are highlighted through a Civic Studios short film that dramatizes how extreme heat disproportionately burdens frontline urban workers, using storytelling to expose invisible labour and prompt public awareness of heat vulnerability as a social and policy concern; these cultural interventions are presented as complements to policy dialogues on urban resilience and locally rooted climate solutions during Mumbai Climate Week.
February 5, 2026
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Healthcare career platform Jobslly launches to connect verified healthcare professionals with upskilling and global job opportunities.
Jobslly is a dedicated career platform matching healthcare professionals with 100% verified clinical and non-clinical job opportunities domestically and internationally, addressing regulatory complexity and credentialing requirements, providing resume curation, expert support and AI-driven upskilling and job matching for placements in hospitals, pharma, biotech, CROs and consulting firms.

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Joyville Shapoorji Housing to develop row houses in Howrah, West Bengal

February 6, 2026

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Howrah, February 6, 2026: Joyville Shapoorji Housing, an aspirational housing platform by Shapoorji Pallonji, Actis, ADB, and IFC, has announced the launch of Shapoorji Pallonji One Estate, a collection of premium row houses within its integrated 30 acres gated development, Joyville Howrah, strategically located near Santragachi in Howrah. Spread across 8 acres, the project will offer 180 premium row houses. Building on the strong response of earlier phases of Joyville Howrah, Shapoorji Pallonji One Estate reintroduces the charm of independent living through thoughtfully designed row houses that combine the privacy of standalone homes with the safety, convenience, and shared benefits of a modern gated development.

Home to a thriving community of over 800 families, Joyville Howrah is one of the largest occupied gated developments in Howrah. Nearly 75 per cent of the masterplan is dedicated to open and green spaces, creating a balanced lifestyle shaped by landscaped environments, well-planned infrastructure and vibrant social spaces.

The row houses at Shapoorji Pallonji One Estate have been designed to offer residents a greater privacy while maintaining a strong sense of community. Landscaped lawns, walking paths and dedicated outdoor areas create everyday spaces for relaxation and recreation, allowing families to enjoy the familiarity of independent homes within a secure, managed setting.

Strategically located near Santragachi, the project offers excellent connectivity to key parts of Kolkata and surrounding areas. It enjoys seamless access to Netaji Subhash Chandra Bose International Airport, Santragachi and Howrah railway stations, Dakshineshwar and Howrah Maidan metro stations, and the upcoming elevated flyover for improved east-west connectivity, as well as arterial roads such as the Kona Expressway, and Howrah Bridge, ensuring convenient access to business districts, social hubs and essential services.

Commenting on the launch, Mr Sriram Mahadevan, CEO, Shapoorji Pallonji Real Estate and Managing Director, Joyville by Shapoorji Housing, said, “In established urban markets, the definition of a good home is evolving. While the aspiration for independent living remains strong, homebuyers today are equally mindful of long-term livability, security and the quality of infrastructure. Row houses within a well-planned gated development strike this balance thoughtfully. With Shapoorji Pallonji One Estate, we intend to offer homes that provide privacy and ownership while being supported by professionally managed amenities, open spaces and community infrastructure. This approach reflects our broader philosophy of building homes that remain relevant, comfortable and valuable over time.” The residents will have access to a fully operational clubhouse featuring over 25 premium amenities, including a swimming pool, gymnasium, banquet hall, indoor games facilities, and serviced guest rooms. The development also integrates a high-street retail zone, offering convenient shopping, dining, and leisure experiences within the premises.

Shapoorji Pallonji One Estate is part of SPRE’s continued vision to develop quality homes within thoughtfully planned gated community that prioritise comfort, openness, and community living. Backed by the 160+ year legacy of the Shapoorji Pallonji Group’s engineering excellence and trust, Joyville by Shapoorji Housing continues to shape aspirational housing across India.

About Joyville: Joyville is a platform by Shapoorji Pallonji, Actis, ADB, and IFC to develop aspirational housing projects in India. It has already launched Joyville Howrah (near Kolkata), Joyville Virar (near Mumbai), Joyville Hinjewadi (Pune), Joyville Gurugram, Joyville Hadapsar Annexe (Pune), Joyville Sensorium (Pune), and Joyville Celestia (Pune) to the Joyville bouquet of projects.

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

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