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    Forex kitty jumps by USD 14.361 bln to new peak of USD 723.774 bln
    Maharashtra govt, auto major M&M sign MoU for Rs 15,000 crore greenfield project in Nagpur
    No exact timeline to operationalise Kalwakurthy-Macherla line in Telangana: Railway Minister
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February 6, 2026
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India forex reserves rose to USD 723.774 billion as gold and SDR holdings increased despite lower foreign currency assets.
Reserve Bank data shows India's forex reserves reached USD 723.774 billion for the week ended January 30, driven chiefly by a USD 14.595 billion rise in gold reserves to USD 137.683 billion and a USD 216 million increase in SDRs to USD 18.953 billion, while Foreign Currency Assets fell by USD 493 million to USD 562.392 billion; reserve position with the IMF increased by USD 44 million to USD 4.746 billion.
February 6, 2026
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Maharashtra and Mahindra & Mahindra to establish Rs 15,000 crore greenfield auto and tractor plant in Nagpur.
The Maharashtra government and Mahindra & Mahindra signed a Memorandum of Understanding for a Rs 15,000 crore greenfield integrated automotive manufacturing project in Nagpur to produce cars, next-generation SUVs, electric vehicles and tractors, with approximately 1,500 acres envisaged for the site and complementary infrastructure including a 150-acre supplier park in Chhatrapati Sambhajinagar and a 300-acre expansion at Igatpuri.
February 6, 2026
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Kalwakurthy-Macherla rail link survey sanctioned; approvals and project appraisal required, so no definite timeline available.
A survey to prepare a Detailed Project Report for a proposed Gadwal-Dornakal via Kalwakurthy new line (316 km) has been sanctioned; thereafter project sanction requires stakeholder consultations and approvals such as appraisal by NITI Aayog and the Ministry of Finance. Sanction depends on factors including traffic projections, remunerativeness, first and last mile connectivity, and addressing missing links, and no definite timeline can be fixed.
February 6, 2026
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Railway budget for Punjab increased to Rs 5,673 crore, claimed 25 times higher than prior allocation.
The central government allocated a record railway budget of Rs 5,673 crore for Punjab, described as 25 times the allocation during the previous Congress administration, supporting new rail projects; the Minister of State for Railways was credited with personal monitoring and intervention to expedite implementation.
February 6, 2026
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SPR City reinstates floor rise charges Feb 16, with zero-floor waiver available only until Feb 15; ZERO EMI option requires 20% upfront.
Reinstatement of floor rise charges takes effect 16 February 2026 with price increases of INR 11 lakhs for 2 BHK, INR 15 lakhs for 3 BHK, and INR 25 lakhs for 4 & 5 BHK; the developer cites strong demand for higher floors and rising construction costs. A Zero Floor Rise Charges promotional waiver is available only for bookings through 15 February 2026 and may be combined with a ZERO EMI Festival requiring 20% upfront and deferring EMIs for 36 months.
February 6, 2026
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Obesity: Bariatric surgery addresses hormonal and metabolic causes to improve weight and related diseases like diabetes.
Obesity is a metabolic and hormonal disease caused by disrupted hormones (insulin, leptin, ghrelin), genetic factors and metabolic adaptation, which produce elevated hunger, reduced satiety and insulin resistance; durable treatment requires restoring metabolic health and correcting hormonal imbalances. Bariatric procedures (gastric bypass, sleeve gastrectomy) work partly by rewiring hormonal pathways to improve insulin response and metabolic function, benefiting obesity-related conditions like type 2 diabetes, hypertension and dyslipidaemia.
February 6, 2026
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RBI compensation up to Rs 25,000 for bank customers hit by digital fraud, once per lifetime.
Reserve Bank will compensate bank customers up to Rs 25,000 for fraudulent digital transactions from the Depositor Education and Awareness Fund, payable once per customer and subject to exclusion for malafide intent. Customers must bear 15% of the fraud amount even if the loss is within the cap; high-value frauds remain capped at Rs 25,000. A draft framework will be issued for public consultation and the RBI will add preventive measures like lagged beneficiary credit and enhanced authentication.
February 6, 2026
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MLA's remarks on madrasas sparked assembly condemnation, expungement of the record amid protests and demands for action.
An MLA's statement linking madrasa funding to anti national elements provoked protests and ministerial condemnation in the legislative chamber; the Speaker declared the assembly's unequivocal condemnation and ordered the remarks expunged from the official record while the MLA defended her comments as highlighting alleged exploitation and extremist sheltering.
February 6, 2026
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Navi Mumbai crime detection improved with major seizures, extraditions, deportations, and a new Cy Fi unit and helpline.
Navi Mumbai reported an 80% overall detection rate in 2025 (6,276 of 7,835 cases), including 99% for crimes against women and body offences, 57% for property offences and 66% for economic offences. The force recovered Rs 18.30 crore in detected stolen-property cases (54% recovery rate) and returned 2,550 phones via the CEIR portal. Enforcement actions included contraband seizures of Rs 63 crore with 1,156 arrests, dismantling an international narcotics racket, extradition and arrest of international suspects, deportation of 1,007 foreigners, blocking Rs 25.60 crore in cybercrime losses, and creation of a Cy Fi unit with a 24/7 helpline.
February 6, 2026
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DeepSnitch AI presale raised $1.5M with audited AI trading tools and hefty presale bonuses driving investor demand.
DeepSnitch AI secured $1.50M in a presale amid market downturn, supported by asserted utility and multiple third party security audits. The project offers a crypto focused LLM and five AI agents for instant smart contract audits, risk scoring, scam detection, breakout spotting, and sentiment monitoring. Aggressive presale incentives-advertised bonuses up to 300% on very large investments-are identified as a key factor driving the inflows.
February 6, 2026
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DeepSnitch AI presale claims 1000x potential as Vitalik urges L2s to pivot toward AI, privacy, and identity roles.
The document reports Vitalik Buterin's view that L2s should repurpose toward fields like AI and privacy, and it profiles three token presales-DeepSnitch AI (stage five, $0.03830; $1.49M raised; AI agent suite and priority access for holders; promotional bonus), Blazpay (phase eight; $2.40M raised; DeFi automation tools), and LiquidChain (multi chain settlement layer; $500K raised at $0.0133)-while noting promotional 1000x claims for DeepSnitch AI and a standard risk disclaimer regarding cryptocurrency trading.
February 6, 2026
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SARC pavilion highlighted Chartered Accountants' role in regulatory confidence, PMLA and Benami enforcement, and financial resilience.
SARC & Associates convened round tables at WOFA 2.0 stressing the Chartered Accountant's role in strengthening regulatory confidence and institutional trust, with focus on NFRA oversight, Union Budget analysis, and the use of PMLA and Benami Prohibition as instruments to combat illicit finance and reinforce clean governance, linked to digital sovereignty and long-term national financial resilience.
February 6, 2026
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Fortune Institute named PRME Champion advancing SDG-integrated management education, internships, reporting frameworks, and global institutional collaboration.
FIIB was designated a PRME Champion for 2026-27 for demonstrable progress in responsible management education, shown by SDG-linked content across flagship postgraduate programs, a credit-based Social Internship Program with over 1,650 placements, an SDG dashboard and responsibility reporting framework, collaborations with more than fifty social organizations, and student participation on global PRME platforms; the designation entails two years of expected collaboration with peer institutions to advance curriculum innovation and responsible management practice.
February 6, 2026
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Real Cricket launches 4.6: World Cup Season 3 pass, purchasable World Cup tournament, roster updates, and new stadiums.
Real Cricket's 4.6 update centres on RC Pass Season 3, a 50-level World Cup-themed progression track with tiered rewards and an added Spin system, plus paid Premium (INR 250) and Elite (INR 350) tiers for accelerated unlocks; it also introduces a purchasable standalone 20-20 World Cup 2026 Tournament mirroring real-world structure, updates existing tournaments' rosters and fixtures to current league editions, and adds two stadiums (Nagpur and Galle) priced at INR 50 each.
February 6, 2026
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PhysicsWallah offers free doubt resolution and nationwide mock preboards for Class 10 CBSE students to improve exam readiness.
PhysicsWallah offers free doubt-resolution services and offline mock preboard examinations for Class 10 CBSE students nationwide, open to all students. Participants obtain a Doubt Buster Pass to book doubt-resolution slots at Vidyapeeth, Pathshala and Tuition Centres or via the PW app; experienced faculty address Physics, Chemistry, Mathematics and Biology queries, provide revision cards, and offer answer-writing and time-management guidance. Mock preboards simulate board conditions and are conducted across PW's network of 192 centres in 132 cities.
February 6, 2026
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Social media platforms should be required to prevent and be held responsible for spreading misinformation harming users.
Parliamentarians urged the government to frame a comprehensive misinformation policy that fixes responsibility on social media platforms for spreading falsehoods and harms to individuals' reputations and mental health. Separately, they called for WHO aligned teacher training and expanded special needs educator capacity, sanctioning PSU assembly units to create jobs, company law amendments to promote corporate research, relaxed PMGSY connectivity criteria for remote villages, designation of strategic defence routes for border access, AYUSH service expansion, and financial assistance for communities affected by gas exploration.
February 6, 2026
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Doon Defence Dreamers' NDA coaching produced 93 final selections and over 710 students clearing the NDA written exam.
Doon Defence Dreamers reported 93 final selections across NDA 155 and NDA 156 (35 in NDA 155, including six women, and 58 in NDA 156) and over 710 students clearing the NDA 156 written exam. The institute achieved notable SSB success, with 14 recommendations in one day and clearances at multiple SSB boards, attributing results to a combined training focus on academics, personality development, group dynamics, and targeted SSB preparation.
February 6, 2026
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Kepra Pashmina uses GI authorization and tamper proof QR labels to verify authentic embroidered Pashmina products.
Kepra is a Srinagar manufacturer registered as M/S-KEPRA HD/DDQC/TTA/R/103 and an authorized user of three Geographical Indication tags for Kashmir Pashmina (AU/30397/GI/46/850), Kashmir Sozni Craft (AU/30398/GI/48/664) and Kani Shawl (AU/30399/GI/51/535). The firm uses tamper proof GI labels with QR codes to enable authenticity verification and trace provenance for its embroidered Pashmina, Kani and Sozni collections, while maintaining traditional production techniques and standardised quality controls.
February 6, 2026
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ICANN85 in Mumbai focuses on the New gTLD Program, multilingual Internet, and the multistakeholder model.
ICANN85 in Mumbai (7-12 March 2026), hosted by NIXI under MeitY, will advance operational and policy work to strengthen a single, globally interoperable Internet, with key focus on the upcoming application round for the New gTLD Program, multilingual Internet development, and reinforcing the multistakeholder model; registration closes 6 March 2026 and attendance is free.
February 6, 2026
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Trane Technologies and CIT launch centre for sustainable refrigeration and climate control, advancing hands-on HVAC training.
Trane Technologies and Cambridge Institute of Technology have created a Centre for Sustainable Refrigeration and Climate Control offering a learning focused laboratory with Trane systems for demonstrations, hands on training and faculty development, and will implement a credit based curriculum integrating academic foundations with industry relevant HVAC and climate control skills.

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JIL commissions Rs 1,100cr advanced metal coating line in Bengal

February 6, 2026

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Kolkata, Feb 6 (PTI) BC Jindal Group's Jindal (India) Limited (JIL) on Friday announced the commissioning of a state-of-the-art advanced metal coating line at its Ranihati manufacturing complex in Howrah, West Bengal, involving an investment of Rs 1,100 crore.

The first coated product has been rolled out this week, marking a key milestone in the company's downstream capacity expansion and modernisation programme, a statement said.

With the new line, Jindal (India) expects its production of value-added coated steel products to rise by about 60 per cent to nearly 0.3 million metric tonnes, while revenue is projected to grow by around 20 per cent in FY26, supported by higher volumes and an improved product mix.

These products cater to sectors such as infrastructure, construction, white goods, solar mounting structures, engineered buildings and premium roofing.

"The commissioning of this advanced metal coating line reflects our long-term vision to build a strong, technology-led downstream steel platform in India," said Shyam Sunder Jindal, promoter of BC Jindal Group, adding that investments in advanced manufacturing would help enhance product quality and expand value-added offerings.

The commissioning forms part of the group's previously announced Rs 1,500-crore capex plan for expanding downstream steel capacity in West Bengal.

The new facilities will strengthen the company's presence in galvanised iron and galvalume products, targeting fast-growing infrastructure, white goods and high-exposure industrial applications, the company said.

Jindal (India) Limited, one of the oldest players in the downstream steel products segment, currently derives a significant portion of its revenue from eastern India, followed by the southern region.

Contributions from north and west India account for around 20 per cent of revenue, which the company aims to raise to 30 per cent in the near term through capacity expansion and market penetration.

Separately, Jindal (India) has secured a Letter of Approval through its wholly owned subsidiary, Jindal India Steel Tech Limited, to set up a greenfield steel manufacturing plant in Dhenkanal, Odisha.

The company plans to invest Rs 3,600 crore in the first phase and a total of Rs 15,000 crore in the state in three phases by 2030. PTI BSM NN

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