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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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Air India's transformation is like 'morning of 5th day of cricket Test match': CEO

February 6, 2026

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New Delhi, Feb 6 (PTI) Air India's transformation is now like being on the morning of the fifth day of a cricket Test match as the heavy lifting has been done, the airline's chief Campbell Wilson has said.

The loss-making Air India, which was privatised in January 2022, has been facing various headwinds and when asked about profitability, the CEO and MD said "some unexpected events" have impacted the airline's performance.

Air India is in the process of revamping its fleet, which currently stands around 190 planes. In January, the airline took delivery of its first Boeing 787-9 aircraft after privatisation.

To a PTI query on the transformation journey, Wilson, who is from New Zealand, said, "Clearly, I think we are may be (in) the morning of the fifth day (of cricket Test match)".

A Test match is played over five days.

"There is a lot of aircraft that need to go through the refit process. But that's now a mechanical process. We just need the seats to be manufactured, delivered, installed.

"All of the design, all of the certification, all of that is done. And so, whilst it will take some time, the heavy lifting is finished," he said.

Wilson made the comments during a media interaction after the opening of its new lounge at the Delhi airport on Thursday.

"The upliftment from where we were to where we are today has happened. And so it is iteration rather than revolution... so, the reinforcement cycle is now a positive one.

"And so I think that's why I think we're nearing the end of that process because most of the upliftment is done. It's just the refinement and the completion of the rollout that is still a work in progress," he said.

The loss-making airline has faced multiple headwinds, including the fatal crash of the Boeing 787-8 Dreamliner that killed 260 people in June last year. Also, the closure of Pakistan airspace has significantly impacted the financials of the carrier.

Back in November 2024, Wilson had described the airline's transformation journey as a cricket Test match.

"It is a Test match and not a T20, we are at about lunch on Day 3," Wilson had said when the ambitious five-year transformation plan 'Vihaan.AI' completed little over two years.

Elaborating on 'Vihaan.AI', Wilson said it has 22 different work streams across many different fleets, and most of them are either complete or nearly complete.

"The mechanical part of rolling out across the full fleet or the full global network still takes some time. So this year, we will see 20 aircraft either delivered with new product or refitted with new product...

"I think we can say that what we aspired to do in the Vihaan programme is now becoming more and more visible. And the completion of that project unfortunately won't be until the last aircraft is fitted. But the substantive part of planning for it, designing it, certifying it and then starting the installation is pretty much done," he said.

While announcing the Vihaan.AI plan in September 2022, Air India said it was a roadmap with clear milestones.

Asked about profitability, Wilson on Thursday did not provide a direct reply but said there have been some unexpected events, including the India-Pakistan conflict, political change in countries, tariffs, and US visa constraints.

"Airspace closure, not just in our immediate neighbourhood but further afield... All of these things have impact on performance of an airline. And unfortunately there's been quite a few (things) happening in quick succession that have particularly impacted Air India. Again, that's life, we just have to deal with it and move forward," he said.

Last month, sources told PTI that Air India was working on a revised plan for achieving profitability, which is likely to be at least three to four years away, as the airline was grappling with multiple headwinds. PTI RAM TRB

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