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    Kennametal India Sustains Growth Momentum with Strong Q2 FY26 Performance
    PM's visit to Tamil Nadu rescheduled to March 1: Nainar Nagenthran
    No duty concessions on sensitive grains, fruits, dairy, meat under trade pact with US
    Indo-US interim trade pact will empower diverse sectors: Himanta
    The Film ‘Godan’ Based on Gau Mata Connects Culture and Religion – Shantanu Shukla
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February 7, 2026
Show AI Summary
Kennametal India reports Q2 growth; PBT includes a one-time cost tied to new labour codes impact.
Implementation of new labour codes generated a one-time cost of ?34 Mn disclosed in Kennametal India Limited's Q2 FY26 results, incorporated into reported Profit Before Tax of ?353 Mn as a discrete, non-recurring impact on the period's financials.
February 7, 2026
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PM visit rescheduled; BJP plans large rally, ally talks and notes tax penalty confirmation and temple appearance.
Prime Minister's visit to Madurai was rescheduled to March 1 with a major BJP rally planned at Mandela Nagar and a likely visit to Tirupparankundram Murugan temple; the state BJP highlighted local anguish over inability to light the Karthigai Deepam despite a favourable court ruling, criticised actor-politician Vijay after confirmation of an income-tax fine, and formed a two-member committee to hold talks with potential allies.
February 7, 2026
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India-US interim trade agreement protects sensitive agricultural and dairy products from duty concessions to safeguard rural livelihoods.
The interim India-US trade framework reduces US tariffs on Indian goods while India will not grant import duty concessions on specified sensitive agricultural and dairy products-including maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat-to protect small and marginal farmers and rural livelihoods, consistent with India's practice of excluding certain agricultural sectors from tariff liberalisation and using tariffs, phased reductions and quota mechanisms elsewhere.
February 7, 2026
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Interim trade agreement framework will cut import duties to boost two way trade and support manufacturing and farmers.
An interim trade agreement framework between India and the United States will reduce import duties on specified goods to boost two way trade and market access, while supporting domestic production initiatives and protecting agricultural interests; it also promotes innovation, technology partnerships and supply chain resilience to expand opportunities for entrepreneurs, MSMEs, startups, fishermen, women and youth.
February 7, 2026
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Film Godan spotlights Gau Mata to connect youth with culture and Sanatan Dharma through scientific and social messaging.
The film Godan is dedicated to Gau Mata and presents her significance through Indian culture, Sanatan Dharma, and scientific explanation, using true incidents to convey a social and spiritual message aimed at connecting youth with cultural roots. The release highlights a shifting film industry exploring diverse subjects and records public acknowledgements of support from multiple state chief ministers and religious leaders, with a disclaimer that the press material was supplied under arrangement and the distributor disclaims editorial responsibility.
February 7, 2026
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India US interim trade agreement reduces bilateral tariffs, expands market access, and ties concessions to stopping Russian oil imports.
A framework for an Interim Trade Agreement sets reciprocal tariff adjustments and prompt implementation toward a Bilateral Trade Agreement, reducing US duties on many Indian goods to 18% and requiring India to eliminate or lower tariffs on specified US industrial and agricultural products. The joint statement conditions concessions on India's commitment to cease direct or indirect imports of Russian oil, with the US reserving the right to reimpose a 25% additional duty if that commitment is breached.
February 7, 2026
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India US interim trade pact reduces US tariffs to 18% and expands market access while addressing non tariff barriers.
An interim trade framework commits the US to lower tariffs on covered Indian goods to 18% and to remove an additional 25% duty, while India will eliminate or reduce duties on US industrial and many agricultural products, protect specified sensitive agricultural and dairy items, undertake significant purchase commitments of US goods, and address long-standing non-tariff barriers with provisions for tariff rate quotas, negotiated sectoral outcomes, and discussions on standards and conformity assessment.
February 7, 2026
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Presidential social media post depicting the Obamas as primates was deleted after bipartisan backlash and raised vetting concerns.
A presidential social media post depicting the Obamas as primates was deleted after bipartisan backlash; the White House blamed a subordinate and defended the account while the president declined to apologise. The episode raised questions about social media governance, vetting procedures, staff responsibility for content dissemination, and the use of dehumanising racial tropes in political messaging.
February 7, 2026
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Affordable rental housing: state to convert vacant government buildings into rental units under PMAY-U 2.0 guidelines.
The government has instructed departments to identify vacant state-owned urban buildings for conversion into affordable rental housing under the Odisha Urban Housing Mission. Implementation follows PMAY-U 2.0: conversions or new rental housing may be carried out by public agencies or via public-private partnership, with cost recovery through rents. Local authorities will set initial rents by survey and may permit biennial increases of 8% up to a 20% aggregate cap over five years to maintain affordability.
February 7, 2026
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Iran-US talks in Oman focused on nuclear negotiations amid US military deterrence and new sanctions plus potential import tariffs.
Indirect Oman talks focused on a framework for further negotiations limited to Iran's nuclear programme, with Iranian insistence on dialogue without threats and US military presence underscoring deterrence. Simultaneously the US imposed sanctions targeting a shadow fleet, trading firms and executives, froze assets in US jurisdictions, and issued an executive order authorizing potential import taxes on goods from countries buying Iranian oil, removable if purchasers align with specified US security and policy interests.
February 7, 2026
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Interim trade agreement with the US aims to bolster Make in India, expand jobs, and deepen investment and technology ties.
An interim trade agreement framework with the United States is intended to bolster Make in India by opening opportunities for farmers, entrepreneurs, MSMEs, startups and fishermen, and by generating employment for women and youth. The framework emphasizes deepening investment and technology partnerships to promote innovation, and strengthening resilient, trusted supply chains to contribute to economic growth.
February 7, 2026
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India-US trade framework expands market access by lowering tariffs, addressing non tariff barriers, and increasing US purchases.
The India-United States framework commits India to eliminate or lower tariffs on all US industrial goods and many agricultural products, address longstanding non tariff barriers to imports, and increase purchases of US goods and services, including a stated target exceeding $500 billion; the arrangement is described as an interim, reciprocal trade agreement requiring further negotiation and implementation to make commitments operational.
February 7, 2026
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India-US interim trade pact cuts tariffs to 18%, removes extra 25% levy, and commits to reciprocal market access and barrier removal.
The framework establishes an Interim Agreement under which the US removes the additional 25% duty and reduces import duties on Indian goods to 18%, while India will eliminate or reduce tariffs on US industrial and agricultural products and grant a preferential tariff rate quota for certain automotive parts; the framework provides for product specific tariff eliminations upon conclusion, addresses non tariff barriers and standards cooperation, permits reciprocal modification of commitments, and will be converted into a legal agreement expected to be signed by mid March with concessions effective after signature.
February 7, 2026
Show AI Summary
India-US interim trade framework reduces many tariffs, opens sectoral market access, and addresses non-tariff and digital trade barriers.
An interim trade framework sets reciprocal tariff reductions-many tariffs capped at 18% and zero tariffs for specified goods-and sectoral market access expansions for textiles, leather, chemicals, pharmaceuticals, gems, aircraft parts and select machinery. It includes negotiated exemptions, tariff rate quotas, mutually agreed rules of origin, commitments to remove non-tariff and digital trade barriers, measures to ease access for medical devices and ICT goods, and a reciprocal modification mechanism tied to tariff changes, alongside coordinated actions to strengthen supply chain resilience and technology trade.
February 7, 2026
Show AI Summary
US removes 25% tariffs on India after commitments to stop importing Russian oil and expand defence cooperation.
The President determined that India has taken significant steps to address the national emergency described in Executive Order 14066 by committing to stop directly or indirectly importing Russian Federation oil, to purchase energy products from the United States, and to expand defence cooperation, and accordingly eliminated the additional ad valorem rate of duty previously imposed on imports from India.
February 7, 2026
Show AI Summary
India-US trade framework protects sensitive agricultural and dairy products while US tariffs on Indian goods fall to 18%.
An interim India-US trade framework reduces US tariffs on Indian goods to 18% while India withholds duty concessions on a specified list of sensitive agricultural and dairy products (maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat) to protect small and marginal farmers; concurrently India will eliminate or reduce tariffs on various US food and agricultural items such as dried distillers' grains, tree nuts, processed fruit, soybean oil, and wine and spirits.
February 7, 2026
Show AI Summary
A president's racist social media post depicting the Obamas as primates was deleted amid bipartisan backlash and questions of responsibility.
A video posted to the president's social media account briefly depicted Barack and Michelle Obama with their faces imposed on jungle primates; it was deleted after bipartisan and civil society backlash and the White House said a subordinate staffer had posted the clip. The incident raised operative questions about accountability for official social media content, vetting procedures for presidential posts, calls for apology or staff discipline, and the broader context of historically racist dehumanising portrayals.
February 7, 2026
Show AI Summary
India-US trade framework cuts tariffs to 18%, expands market access, tackles non tariff barriers, and boosts tech trade.
The interim framework provides reciprocal tariff and market access commitments: the US will reduce import duties on Indian goods to 18 percent, while India will eliminate or reduce tariffs on US industrial and numerous agricultural products; it contemplates zero tariffs on specified goods upon conclusion, establishes rules of origin, commits to remove targeted non tariff barriers and restrictive import licensing, provides a preferential tariff rate quota for automotive parts consistent with national security, expands technology trade and cooperation, and includes mechanisms to modify commitments and strengthen economic security and supply chain resilience.
February 7, 2026
Show AI Summary
India-US interim trade framework cuts many US tariffs, removes duties on select goods, and protects sensitive farm and dairy items.
The interim trade framework reduces reciprocal US tariffs on Indian goods to 18% and eliminates tariffs to zero on specified items including generic pharmaceuticals, gems and diamonds, and aircraft parts; it provides tariff rate quotas and negotiated outcomes for auto parts and generic pharmaceuticals to boost export competitiveness in priority manufacturing sectors while preserving full protections for sensitive agricultural and dairy products such as maize, wheat, rice, soya, poultry, milk, cheese, ethanol, tobacco, certain vegetables and meat.
February 7, 2026
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US removes additional 25% duty on Indian imports as India commits to stop importing Russian oil and expand defence ties.
The executive action rescinds an additional 25 percent ad valorem duty on products of India effective for goods entered for consumption on or after February 7, 2026, contingent on India's commitment to cease directly or indirectly importing Russian oil, and provides that if the Secretary of Commerce finds resumption of such imports the executive branch may recommend reimposing the additional 25 percent duty.

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Embassy REIT Delivers Robust 17% YoY Revenue Growth in Q3 FY2026; Evaluates Acquisition of Embassy Zenith, a 0.4 MSF Prime Office Asset in Bengaluru

February 7, 2026

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Bengaluru, Karnataka, India – Business Wire India • Leased 1.1 million square feet (msf) across 22 deals in Q3 FY2026, taking total leasing to 4.6 msf year-to-date • Delivered strong double-digit YoY growth, reporting highest-ever Revenue (up 17% YoY) and Net Operating Income (up 19% YoY) • Declared distributions of Rs. 613 crores or Rs. 6.47 per unit for Q3 FY2026, up 10% YoY • Received an invitation to offer to acquire Embassy Zenith, a 0.4 msf prime office tower in Bengaluru, fully leased to a multi-trillion-dollar global technology company • Launched the third redevelopment at Embassy Manyata for 0.8 msf at a 23% yield on cost; total development pipeline stands at 7.6 msf • Expanded hospitality portfolio with a proposed addition of 116-Key Hotel at Embassy TechZone, Pune Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the third quarter ended December 31, 2025.

Amit Shetty, Chief Executive Officer of Embassy REIT, said, “Q3 FY2026 marked another strong quarter for Embassy REIT, underpinned by sustained leasing momentum, robust GCC demand across our gateway markets, and disciplined financial execution. We delivered 4.6 msf of leasing year-to-date, reported our highest-ever Revenue and NOI, announced our first third-party acquisition and continued to enhance distributions for our unitholders. The invitation to offer for Embassy Zenith reflects our focus on acquiring high-quality, income-accretive assets that strengthen our world-class portfolio and create long-term value.” The Board of Directors of Embassy Office Parks Management Services Private Limited (EOPMSPL), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of Rs. 613 crores or Rs. 6.47 per unit for the quarter. The record date for the Q3 FY2026 distribution is February 11, 2026, and the distribution will be paid on or before February 18, 2026.

Business Highlights • Leased 1.1 msf across 22 deals, including 0.8 msf of new leases at 17% re-leasing spreads; signed at an average 5% premium to market rents, with Bengaluru contributing over two-thirds of total leasing • Strong traction in Chennai from large global companies, anchoring 42% of the REIT’s development pipeline • Overall portfolio occupancy stood at 94% by value, with 3 out of 5 cities at or above 95% occupancy Financial Highlights • Grew Revenue from Operations by 17% YoY to Rs. 1,193 crores and Net Operating Income (NOI) by 19% YoY to Rs. 985 crores • Delivered quarterly distributions of Rs. 613 crores or Rs. 6.47 per unit, up 10% YoY • Raised Rs. 400 crores through a commercial paper at an effective rate of 6.44% per annum. Reduced in-place cost of debt by 61 bps (over 9 months) to 7.29% • Hotel segment NOI grew by 13% YoY, driven by 100 bps increase in occupancy to 60% as well as 11% growth in ADR Operational & Growth Highlights • Delivered 0.4 msf new development at Embassy Splendid TechZone in Chennai, 100% leased to a global healthcare firm • Launched third redevelopment project of 0.8 msf at Embassy Manyata in Bengaluru at a 23% yield on cost • Proposed addition of a 116-key hotel at Embassy TechZone, Pune, to enhance park ecosystem • Announced third-party acquisition of a 0.3 msf marquee office asset at Embassy GolfLinks in Bengaluru • Completed Rs. 530 crore divestment at Embassy Manyata in Bengaluru • Delivered ~25% total returns in CY2025, while expanding the unitholder base to over 125,000, up from 4,000 at IPO Investor Materials and Quarterly Investor Call Details Embassy REIT has released a package of information on the quarterly results and performance, that includes (i) unaudited standalone and consolidated financial results for the nine months ended December 31, 2025 (ii) an earnings presentation covering Q3 FY2026 results and, (iii) supplemental operating and financial data book that conforms with leading reporting practices across global REITs. All these materials are available in the Investors section of our website at www.embassyofficeparks.com.

Embassy REIT will host a conference call on February 9, 2026 at 8:30 hours Indian Standard Time to discuss the Q3 FY2026 results. A replay of the call will be available in the Investors section of our website at www.embassyofficeparks.com.

About Embassy REIT Embassy REIT is India’s first publicly listed Real Estate Investment Trust and the largest office REIT in Asia, by area. Embassy REIT owns and operates a portfolio of over 50 million square feet of world-class office spaces across India’s key gateway markets, including Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai. The portfolio comprises 14 premium office ecosystems, including large, integrated office parks and city-centre office assets, and is home to approximately 280 leading global and domestic corporations. In addition to office assets, the portfolio includes strategic amenities such as four operational business hotels, two hotels under development, and a 100 MW solar park that supplies renewable energy to tenants. Embassy REIT’s industry-leading ESG programme has received multiple accolades from globally recognised institutions, including GRESB, USGBC LEED, the British Safety Council, among others. In 2023, Embassy REIT was included in the Dow Jones Sustainability Indices, becoming the first REIT in India to be recognised for its sustainability initiatives by a leading global benchmark. For more information, please visit www.embassyofficeparks.com.

Disclaimer This press release is prepared for general information purposes only. The information contained herein is based on management information and estimates. It is only current as of its date, has not been independently verified and may be subject to change without notice. Embassy Office Parks Management Services Private Limited (“the Manager”) in its capacity as the Manager of Embassy REIT, and Embassy REIT make no representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and completeness of the content hereof. Each recipient will be solely responsible for its own investigation, assessment and analysis of the market and the market position of Embassy REIT. Embassy REIT does not provide any guarantee or assurance with respect to any distribution or the trading price of its units.

This press release contains forward-looking statements based on the currently held beliefs, opinions and assumptions of the Manager. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Embassy REIT or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, recipients of this press release are cautioned not to place undue reliance on these forward-looking statements. The Manager disclaims any obligation to update these forward-looking statements to reflect future events or developments or the impact of events which cannot currently be ascertained. In addition to statements which are forward looking by reason of context, the words ‘may’, ‘will’, ‘should’, ‘expects’, ‘plans’, ‘intends’, ‘anticipates’, ‘believes’, ‘estimates’, ‘predicts’, ‘potential’ or ‘continue’ and similar expressions identify forward-looking statements. There can be no assurance that any potential opportunities will result in definitive transactions.

This press release also contains certain financial measures (including guidance and proforma information) which are not measures determined based on GAAP, Ind-AS or any other internationally accepted accounting principles, and the recipient should not consider such items as an alternative to the historical financial results or other indicators of Embassy REIT's cash flow based on Ind-AS or IFRS. These non-GAAP financial measures, as defined by the Manager, may not be comparable to similarly titled measures as presented by other REITs due to differences in the way non-GAAP financial measures are calculated. Even though the non-GAAP financial measures are used by management to assess Embassy REIT's financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and the recipient should not consider them in isolation or as substitutes for analysis of Embassy REIT's financial position or results of operations as reported under Ind-AS or IFRS. Certain figures in this press release have been subject to rounding off adjustments. Actual legal entity name of occupiers may differ. Occupancy by value refers to occupancy of the commercial offices weighted by the Gross Asset Value (GAV) of completed commercial offices.

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

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