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February 7, 2026
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BMW Ventures reports deleveraging-driven profit rise and declares interim dividend, revises FY26 bottom-line guidance upward.
BMW Ventures reported material profit improvement driven by reduced finance costs after using IPO proceeds to repay debt, declared an interim dividend of Rs. 1.50 per share, and raised FY26 bottom line growth guidance to 30-35% on expectations of continued growth in higher margin fabricated steel products, stronger margins from operational resilience, and disciplined working capital management.
February 7, 2026
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House decorum: Debate is vital, but members must maintain dignity and follow legislative rules and procedures.
Maintaining the decorum of the House is essential: members must express views with dignity, know and follow legislative procedures, and avoid sloganeering, disruptions and entering the Well. The National e-Vidhan Application (NeVA) promotes paperless legislative processes by providing a cloud-based workflow with rules, notices, bills, questions and committee reports to aid members in conducting business transparently and efficiently.
February 7, 2026
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SBI posts record standalone profit, driven by loan growth, higher net interest income and a special dividend.
State Bank of India reported a record standalone Q3 profit of Rs 21,028 crore driven by 15.14% loan growth and higher Net Interest Income, aided by a Rs 2,200 crore special dividend from SBI Mutual Fund; deposits rose 9.02%, gross Non Performing Assets ratio improved to 1.57%, overall provisions increased, and Capital Adequacy was 14.04% with a 10.99% core buffer.
February 7, 2026
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Graduate-led tour service helps jobseekers earn a London Living Wage through flexible, part-time guided tours.
A graduate established a social-enterprise tour service to provide flexible part-time work for recent graduates, especially those on the Graduate Route visa, enabling them to earn the London Living Wage. The model offers bespoke, low-cost itineraries following a free online consultation, accommodates health and access needs, and requires payment at the meeting point. It aims to avoid exploitative zero-hour roles by delivering predictable earnings, potential tips, and mental-health support while allowing guides time to pursue formal job applications.
February 7, 2026
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Kameleo expands international presence with fast in store customised waterproof footwear and a scalable retail model aiming global growth.
Kameleo offers a rapid in store personalisation service assembling customised flip flops in under two minutes from modular style and colour options, combining comfort, waterproof durability, skin friendly materials, and accessible pricing. With a scalable retail model and 20 stores in South India, the brand plans international launches in several countries and aims to reach over 50 stores worldwide by the end of 2026, leveraging a founding team with combined business, design, and operational expertise to replicate product market fit.
February 7, 2026
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Mumbai mayoral election: BJP nominates Ritu Tawde; ally Shiv Sena names deputy with 15-month share.
Ritu Tawde filed nomination as the BJP's mayoral candidate in Mumbai while the Mahayuti alliance named a Shiv Sena corporator as deputy mayor with a 15-month term; nominations were submitted amid party leaders' presence ahead of the election, and the alliance controls 118 of 227 BMC seats, positioning it above the majority threshold.
February 7, 2026
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SBI Q3 net profit rises 13% to Rs 21,317 crore; capital adequacy and asset quality improved.
State Bank of India reported consolidated net profit of Rs 21,317 crore for Q3 FY26 (up 13.06% yoy) and standalone net profit of Rs 21,028 crore (up 24.48% yoy); standalone total income rose to Rs 1,40,915 crore and expenses to Rs 1,08,052 crore. Gross NPA ratio improved to 1.57% from 1.73% sequentially, provisions increased to Rs 4,507 crore year-on-year, and overall capital adequacy stood at 14.04% with a core buffer of 10.99% as of December 31, 2025.
February 7, 2026
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Divine Drop Festival blends traditional devotional rites with contemporary performances to broaden audience appeal.
The Divine Drop Festival integrated traditional devotional rites-Ganesh Vandana, Hanuman Chalisa, Shiv Tandav and Ganga Aarti-with contemporary performance elements (dance, live band, poetry) to shift devotional gatherings from bhajan-only formats to hybrid spiritual-cultural experiences designed to engage multiple generations.
February 7, 2026
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Maiden Rajya Sabha speech by C Sadanandan Master praised for moral strength, patriotic tone, and focus on Kerala development.
Prime Minister Narendra Modi commended BJP-nominated Rajya Sabha MP C Sadanandan Master for his maiden Upper House speech, praising its moral strength, conviction and calm presentation; noted Sadanandan's display of his artificial limbs and the allegation of a decades-old politically motivated attack; observed the MP's patriotism and focus on Kerala's development and the anticipated benefits to the state from recently presented Budget measures.
February 7, 2026
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India US interim trade framework will reduce compliance burdens and streamline exports for Indian businesses, boosting competitiveness.
The India US interim trade framework is described as a regulatory arrangement to reduce compliance burdens and streamline export procedures by eliminating repetitive testing and aligning standards, thereby lowering transaction costs and facilitating deeper integration of Indian digital products and technology components into global value chains.
February 7, 2026
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India US interim trade pact requires India to stop Russian oil imports and reduce duties on US goods, risking trade shifts.
The interim India US framework commits India to cease direct or indirect imports of Russian oil under penalty of a reinstated 25% tariff if non compliance is found, and provides for reciprocal tariff reductions: India will eliminate or reduce duties on a broad set of US industrial and agricultural goods while US duties on certain Indian goods will fall to 18%, with prompt implementation intended and further negotiation toward a Bilateral Trade Agreement.
February 7, 2026
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US India interim trade framework establishes reciprocal tariff adjustments, rules of origin, and commitments to reduce non tariff barriers.
An interim trade framework establishes reciprocal tariff and market access commitments: India will reduce or eliminate tariffs on U.S. industrial and specified agricultural goods while the United States will apply an 18 percent reciprocal tariff on designated Indian-origin goods and, subject to the Interim Agreement, remove that reciprocal tariff for a range of goods. The parties will adopt rules of origin ensuring benefits accrue predominantly to them, address long-standing non-tariff barriers including medical devices and ICT licensing, discuss standards and conformity assessment procedures, and pursue broader BTA negotiations to expand market access, digital trade rules, and economic security alignment.
February 7, 2026
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Credit derivatives: draft enables derivatives on credit indices and total return swaps; public feedback invited by Feb 27.
The Reserve Bank has published a draft revised Master Direction consolidating provisions for credit derivatives, including credit default swaps, and proposing enabling provisions for derivatives on credit indices and total return swaps on corporate bonds; public comments are invited by February 27, 2026 by email or postal submission to the Chief General Manager, Financial Markets Regulation Department.
February 7, 2026
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RBI invites comments on draft amendment removing prior approval for NBFC branch openings in India.
The Reserve Bank published Amendment Directions, 2026, removing the requirement of prior approval or intimation for NBFCs (including Housing Finance Companies) to open branches in India and inviting comments on the draft until February 27, 2026 via the 'Connect 2 Regulate' portal or by submission to the Registration and Authorisation Group; relevant provisions of the Directions on Acceptance of Public Deposits and Housing Finance Companies will be amended consequentially.
February 7, 2026
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Karnataka Deputy Chief Minister D K Shivakumar says elevation timing uncertain and all must abide by party high command.
Deputy Chief Minister D K Shivakumar stated that the timing of any elevation to chief ministership depends on the Congress high command, that everyone must abide by the party's decision, and he would not predict a post budget change.
February 7, 2026
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Assembly proposal condemns MLA remarks on madrasa funding; remarks expunged and opposition staged brief walkout.
Speaker allowed a government member to move a resolution condemning an opposition MLA's remarks alleging madrasa funding supports "anti-social elements" in a minority community; the Speaker said such communal comments would not be permitted, the matter is under consideration, and the contested portions of the MLA's speech were expunged from House records, prompting a brief opposition walkout and competing claims about the propriety and motive for the action.
February 7, 2026
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Vinay Kumar Dubey honoured for legal excellence, NPA resolution work and extensive social-service initiatives supporting vulnerable communities.
Vinay Kumar Dubey, Chairman of VKDL NPA Advisory Council and member of the Hindi Advisory Committee, was honoured for professional contributions, expertise in NPA resolution balancing bank, industry and public interests, and longstanding legal assistance to economically weaker sections.
February 7, 2026
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International oil smuggling disrupted by mid sea transfers; vessels seized and to be handed to customs for investigation.
An international oil smuggling syndicate using coordinated mid sea transfers to evade duties was intercepted when three vessels were boarded about 100 nautical miles west of Mumbai. Digital surveillance and vessel movement pattern analysis within the Exclusive Economic Zone identified suspects; onboard electronic data, document checks, and crew interrogation corroborated the scheme. The vessels, suspected of frequent identity changes and foreign ownership, will be escorted to Mumbai and handed to Customs and law enforcement for further investigation and action.
February 7, 2026
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Satish Gupta's Gujarat debut exhibition spotlights Ahmedabad's emergence within India's growing contemporary art market.
Satish Gupta's Gujarat debut solo exhibition 'Haiku of a Still Mind' at Bespoke Art Gallery in Ahmedabad is presented as the state's first museum-quality solo show of his spiritually rooted work, curated by Devin Gawarwala, featuring paintings and metal sculptures priced between Rs. 5 lakh and Rs. 5 crore and positioned as a milestone within a national market projected to reach Rs. 5,000 crore by 2030 amid rising domestic collectors, HNW participation, and institutional buying.
February 7, 2026
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Voter deletions in India via roll-revision risk excluding marginalised citizens absent transparency and safeguards.
The article argues that the Election Commission's Special Intensive Revision can operate as a mechanism for widespread voter deletions-through classifications like deaths, migration or "logical discrepancy"-disproportionately affecting marginalised groups. It notes state-level resistance and court challenges reframing timing, implementation and bias as issues of transparency and accountability, and warns that without safeguards and scrutiny such exercises risk becoming tools for electoral exclusion.

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Trump's racist post about Obamas deleted after backlash despite White House earlier defending it

February 7, 2026

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Washington, Feb 7 (AP) US President Donald Trump's racist social media post featuring former President Barack Obama and his wife Michelle Obama as primates in a jungle was deleted after a backlash from both Republicans and Democrats who criticised the video as offensive.

The Republican president's Thursday night post was deleted on Friday and blamed on a staffer after widespread backlash, from civil rights leaders to veteran Republican senators, for its treatment of the nation's first Black president and first lady. The deletion, a rare admission of a misstep by the White House, came hours after press secretary Karoline Leavitt dismissed "fake outrage" over the post. After calls for its removal for being racist -- including by Republicans -- the White House said a staffer had posted the video erroneously and it had been taken down.

The post was part of a flurry of social media activity on Trump's Truth Social account that amplified his false claims that the 2020 election was stolen from him, despite courts around the country and a Trump attorney general from his first term finding no evidence of fraud that could have affected the outcome.

Trump has a record of intensely personal criticism of the Obamas and of using incendiary, sometimes racist, rhetoric -- from feeding the lie that Obama was not a native-born US citizen to crude generalisations about majority Black countries.

The post came in the first week of Black History Month and days after a Trump proclamation that cited "the contributions of black Americans to our national greatness and their enduring commitment to the American principles of liberty, justice, and equality." An Obama spokeswoman said the former president, a Democrat, had no response.

An internet meme -------------------- Nearly all of the 62-second clip, which was among dozens of Truth Social posts from Trump overnight, appears to be from a conservative video alleging deliberate tampering with voting machines in battleground states as the 2020 presidential votes were tallied. At the 60-second mark is a quick scene of two primates, with the Obamas' smiling faces imposed on them.

Those frames were taken from a separate video, previously circulated by an influential conservative meme maker. It shows Trump as "King of the Jungle" and depicts a range of Democratic leaders as animals, including Joe Biden, who is white, as a jungle primate eating a banana.

"This is from an internet meme video depicting President Trump as the King of the Jungle and Democrats as characters from the Lion King," Leavitt said by text.

Disney's 1994 feature film that Leavitt referenced is set on the savannah, not in the jungle, and it does not include great apes.

"Please stop the fake outrage and report on something today that actually matters to the American public," Leavitt added.

By noon, the post had been taken down with responsibility placed on a Trump subordinate.

The White House explanation raised additional questions about the control of Trump's social media account, which has also been used to levy import taxes, threaten military action, make domestic policy announcements and intimidate political rivals. The president often signs his name or initials after policy announcements.

The White House did not immediately respond to questions about its process for vetting posts and how it guarantees that the public knows when Trump himself is posting.

Mark Burns, a pastor and a prominent Trump supporter who is Black, said Friday afternoon on X that he had spoken "directly" with Trump about the post. He recommended to Trump that he fire the staffer who posted the video and publicly condemn what happened.

"He knows this is wrong, offensive, and unacceptable," Burns posted.

Condemnation across the political spectrum ------------------------------------------------ Trump and the official White House social media accounts frequently repost memes and artificial intelligence-generated videos. As Leavitt did on Friday, Trump aides typically dismiss critiques and cast the images as humorous.

Yet while it was still up, Trump's post drew condemnation from across the political and ideological spectrum -- and demands for an apology that had not come by the early afternoon.

The Rev Bernice King, daughter of the assassinated civil rights icon Martin Luther King Jr, resurfaced her father's words, "Yes. I'm Black. I'm proud of it. I'm Black and beautiful." She praised Black Americans as "diverse, innovative, industrious, inventive" and added, "We are beloved of God as postal workers and professors, as a former first lady and president. We are not apes." The US Senate's lone Black Republican, Tim Scott of South Carolina, called on Trump to take down the post. "Praying it was fake because it's the most racist thing I've seen out of this White House," Scott, who chairs Senate Republicans' mid-term campaign arm, said on social media.

Another Republican, Sen Roger Wicker of Mississippi, is white but represents the state with the largest percentage of Black residents. Wicker called the post "totally unacceptable" and said the president should apologise.

Some Republicans who face tough reelections this November voiced concerns as well, feeding an unusual cascade of intra-party criticism for a president who often has enjoyed a strangle-hold over fellow Republicans who stayed silent over some of Trump's previous controversial statements or fear a public spat with the president or losing his endorsement in a future campaign.

NAACP President Derrick Johnson pointed to Trump's wider political concerns, asserting that Trump is trying anything to distract from economic conditions and attention on the Jeffrey Epstein case files.

"Donald Trump's video is blatantly racist, disgusting, and utterly despicable," Johnson said in a statement. "You know who isn't in the Epstein files? Barack Obama," he continued. "You know who actually improved the economy as president? Barack Obama." A long history of racism -------------------------- There is a long history in the US of powerful white figures associating Black people with animals, including apes, in demonstrably false and racist ways. The practice dates back to 18th century cultural racism and pseudo-scientific theories in which white people drew connections between Africans and monkeys to justify the enslavement of Black people in Europe and North America, and later to dehumanise freed Black people as an uncivilised threat to white people.

Thomas Jefferson, author of the Declaration of Independence, wrote in his famous text "Notes on the State of Virginia" that Black women were the preferred sexual partners of orangutans. President Dwight Eisenhower, discussing the desegregation of public schools in the 1950s, once argued that white parents were concerned about their daughters being in classrooms with "big Black bucks." Obama, as a candidate and president, was featured as a monkey or other primate on T-shirts and other merchandise.

In his 2024 campaign, Trump said immigrants were "poisoning the blood of our country," language similar to what Adolf Hitler said to dehumanise Jews in Nazi Germany.

During his first White House term, Trump referred to a swath of developing nations that are majority Black as "shithole countries." He initially denied using the slur but admitted in December 2025 that he did say it.

When Obama was in the White House, Trump advanced the false claims that the 44th president, who was born in Hawaii, was born in Kenya and was constitutionally ineligible to serve. Trump, in interviews that helped endear him to many conservative voters, repeatedly demanded that Obama produce birth records and prove he was a "natural-born citizen" as required to become president.

Obama eventually released his Hawaii records. Trump finally acknowledged during his 2016 campaign, after having won the Republican nomination, that Obama was born in Hawaii. But he immediately said, falsely, that his Democratic rival Hillary Clinton started those birtherism attacks on Obama. (AP) RUK RUK

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