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February 6, 2026
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Interest rates to remain low; policy decisions by committee; government borrowing manageable as T-bills support the yield curve.
Interest rates will remain low and may fall further, with the Monetary Policy Committee making rate decisions; the repo rate was held at 5.25% after a 125 basis point reduction since last February, while deposit-rate transmission has been slow and fixed deposit rates are expected to decline. Treasury bills will be used to manage the yield curve and support the government borrowing programme, recent trade deals may add marginal GDP growth, budget measures for data centres are expected to draw foreign investment, and currency in circulation has increased significantly.
February 6, 2026
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Sabarimala gold loss: ED questions former TDB officer in money laundering probe under PMLA, summons expected.
Enforcement Directorate is probing a money laundering angle under the PMLA in the reported loss of Sabarimala temple gold; former TDB administrative officer S Sreekumar, who signed documents when Dwarapalaka idols were taken for gold plating, was summoned and questioned. The ED has interrogated other former TDB officers and will summon accused from related SIT investigations, including the prime accused released on statutory bail, to pursue the money laundering inquiry.
February 6, 2026
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Banks lending to REITs proposed with prudential safeguards; draft rules and related market reforms to follow.
The Reserve Bank proposes permitting commercial banks to lend to REITs subject to prudential safeguards and a review of regulatory and governance frameworks, harmonising InvIT lending guidelines for parity, and issuing draft directions for public consultation; it also proposed a regulatory framework for derivatives on credit indices and total return swaps on corporate bonds, revised flexibility for Authorised Dealers and primary dealers in foreign exchange, and removal of the stated cap on Voluntary Retention Route investments subject to General Route ceilings.
February 6, 2026
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Vijay's challenge to Rs 1.5 crore income tax penalty dismissed; penalty held time bar valid and appellate remedy available.
Madras High Court held that the Income Tax Department's Rs 1.50 crore penalty for alleged non-disclosure of Rs 15 crore of film income was imposed within the statutory time limit and thus not open to interference; the department's findings were based on documents seized in a 2015 raid, and the petitioner was permitted to challenge the order before the appellate authority.
February 6, 2026
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Jammu and Kashmir budget prioritises inclusive growth, fiscal prudence, debt sustainability and targeted infrastructure investment for recovery.
The Union Territory Budget 2026-2027 prioritises inclusive growth and fiscal prudence, directing strategic investment to infrastructure, social services and job creating initiatives while addressing revenue constraints and high committed expenditure. With own revenues covering roughly 25% of needs and about 60% of spending committed to salaries, pensions and debt, the administration enforces austerity, maintains borrowings within approved limits to strengthen debt sustainability, and utilises Central special assistance for capital projects, disaster mitigation and hydroelectric development. Power sector reforms aim to reduce losses and expand the consumer base to ease fiscal pressure.
February 6, 2026
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Lok Sabha adjourned after opposition protests halted Budget business and blocked proceedings, forcing the Speaker to suspend sittings.
Parliamentary proceedings were adjourned for the day after opposition members' protests-trooping into the Well, displaying placards and shouting slogans-prevented consideration of the Union Budget and other business; the Speaker adjourned the House until Monday, warned against crossing into the treasury benches, recorded that over 19 hours of sitting time had been lost to disruptions, and noted that the Motion of Thanks proceeded without the Prime Minister's customary reply due to ongoing sloganeering.
February 6, 2026
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2026-27 Budget promotes inclusive growth, fiscal prudence, investment-led development and participatory governance for sustainable prosperity.
The 2026-27 Budget establishes a financial framework prioritizing sustainable growth, social cohesion and fiscal prudence, emphasizing investment, innovation and participatory governance to transform the territory into a modern, economically vibrant region.
February 6, 2026
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2025 Bihar Assembly elections challenged over alleged Model Code of Conduct breach by state scheme payments to women.
Allegation that state payments under the Mukhyamantri Mahila Rojgar Yojana, timed after the poll schedule and during the Model Code of Conduct, constituted a breach of electoral fairness and an impermissible advantage, with the petition invoking electoral supervision and statutory election law remedies; the bench characterised the pleading as a composite statewide election petition and indicated the dispute's single state character should be pursued in the competent High Court.
February 6, 2026
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DeepSnitch AI presale offers tiered bonuses, fundraising figures, and claims of potential 100x gains tied to user adoption.
Promotional material focused on a DeepSnitch AI (DSNT) presale, reporting over $1.48 million raised, an entry price of $0.03830, and a tiered bonus structure (30%, 50%, 150%, 300% codes) tied to projected exponential returns-including an asserted 100x price scenario contingent on reaching 1.35 million users. The piece names Shiba Inu and Canton as alternative speculative picks, cites institutional buying by ARK Invest for market context, and concludes with a press-release disclaimer that the distributor takes no editorial responsibility.
February 6, 2026
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Resolution professional arrested for alleged money laundering and misuse of the insolvency framework impacting creditor recoveries.
A former resolution professional was arrested under anti-money laundering laws for allegedly diverting funds during his CIRP tenure, channeling payments through intermediaries linked to his business interests back into his personal accounts as proceeds of an earlier alleged bank fraud; investigators say this misuse of the insolvency framework favored promoters and caused large creditor recovery losses, and the RP's registration had been suspended by the IBBI for related contraventions.
February 6, 2026
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DeepSnitch AI presale raised $1.48M with large tiered bonuses; Strium targets institutional tokenization with KYC and compliance.
The text reports a DeepSnitch AI presale raising $1.48M with tiered allocation bonuses (up to 300%) and utility claims via multi agent AI tools, and describes Strium, a new layer 1 blockchain for institutional trading of FX, tokenized equities and RWAs that will enable compliant dividend and royalty payments and require KYC and local compliance checks before issuance, with a proof of concept focused on settlement efficiency, resilience, and interoperability ahead of a public testnet.
February 6, 2026
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Oil and gas acreage bid deadline extended to May 29, 2026 for OALP X, giving bidders a three month extension.
The OALP X bid submission deadline has been extended to May 29, 2026, a fourth extension giving bidders three additional months, while DSF and special CBM bid deadlines remain unchanged. OALP X offers 25 blocks totalling about 191,986 sq km across onshore, shallow, deep and ultra deepwater tracts in 13 basins, including four Andaman blocks (~47,058 sq km). Under OALP/HELP, explorers identify acreage (with a five point advantage), areas are clubbed biannually, and blocks are awarded based on highest revenue share and committed work programmes; HELP provides reduced royalties, concessional early production rates, no oil CESS, retained exploration rights, and marketing and pricing freedom.
February 6, 2026
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Deepsnitch AI presale offers live market-intelligence tools while Fireblocks enables institutional custody and regulated settlement.
Fireblocks has integrated support for the Canton Network to enable regulated settlement and institutional custody of Canton-linked assets through its NYDFS-chartered trust entity; Fireblocks also operates a Super Validator on Canton. Deepsnitch AI is offered during a presale as a live market-intelligence product (SnitchFeed, SnitchScan) with disclosed token pricing, staking levels, bonus allocation mechanics and a closed-access testing period, and the document reiterates standard cryptocurrency risk disclaimers and notes broader institutional integrations.
February 6, 2026
Show AI Summary
Agricultural carbon credits in India risk benefiting intermediaries unless transparency and fair revenue-sharing protect farmers.
Agricultural carbon credits monetise practices that sequester soil and biomass carbon, offering mitigation potential and farmer income only if supported by robust measurement and verification, fair revenue-sharing, aggregation models, and policy measures; concentrated market control by large aggregators-including firms with input-intensive histories-creates risks of information asymmetry, value capture by intermediaries, and greenwashing, requiring transparency, independent verification, and safeguards to ensure benefits reach farmers and address drivers of soil degradation.
February 6, 2026
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Enforcement Directorate files chargesheet over alleged money laundering in R G Kar Hospital financial irregularities.
The Enforcement Directorate submitted a chargesheet under the Prevention of Money Laundering Act following an ECIR tracing an alleged illicit money trail relating to financial irregularities at R G Kar Medical College and Hospital; accused Sandip Ghosh remains in judicial remand after arrest by the CBI.
February 6, 2026
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Joyville launches premium row houses in Howrah offering private ownership within a managed gated community with extensive amenities.
Joyville Shapoorji Housing launches Shapoorji Pallonji One Estate: an 8 acre enclave of 180 premium row houses within Joyville Howrah that pairs private ownership with a managed gated community. The project features landscaped open spaces, communal outdoor areas, a clubhouse with 25+ amenities, on site retail, and strategic connectivity to major transport nodes and arterial roads, presented as part of the developer's ongoing gated community housing platform emphasising livability, security and infrastructure quality.
February 6, 2026
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Halfway to the Moon by Pratik Shah sold strongly at the New Delhi World Book Fair, praised for direct, resonant free verse.
Pratik Shah's Halfway to the Moon, a forty-poem free-verse collection published by Nu Voice Press and distributed by Penguin Random House India, sold strongly at the New Delhi World Book Fair 2026. Structured in three sections-Gulmohar, Milk, and Lunation-the poems move from outward observation to love and adolescent fracture, and finally to inward identity and mental-state reflection. Its direct, accessible voice resonated across age groups, and all author profits from sales were pledged to charity.
February 6, 2026
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Inflation projections revised upward due to rising precious metals prices; core inflation remains benign but upside risks persist.
The central bank modestly raised CPI inflation projections-current year to 2.1% and Q1/Q2 of 2026-27 to 4.0% and 4.2%-principally due to higher precious metals prices accounting for about 60-70 basis points; headline inflation remained low while core inflation excluding food and fuel is benign at 2.6%, though geopolitical, energy and weather risks present upside pressure and a new CPI series will inform the April full-year projection.
February 6, 2026
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Hasiru Farms launches VRUKSHA with 77km Cyclothon and 77 tree plantation promoting road safety and sustainable farmland.
Hasiru Farms launched the VRUKSHA managed farmland project alongside a 77 km Cyclothon to promote road safety and community engagement, culminating in a 77 tree plantation drive. VRUKSHA offers curated farmland plots within a professionally managed ecosystem with long term plantation planning and maintenance, communal wellness and learning areas, and theme based features such as Mannina Mane (mud homes) to integrate sustainability and cultural living.
February 6, 2026
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Lok Sabha disruptions led the Speaker to adjourn proceedings, citing lost time and warning on maintaining order.
Lok Sabha proceedings were disrupted by opposition protests, leading the Speaker to adjourn the House until noon after recording that over 19 hours of the session had been lost. The chair warned members against crossing into the treasury benches and emphasized the need to maintain order; disruptions followed the disallowance of a quotation from an unpublished memoir and culminated in the Motion of Thanks being passed without the Prime Minister's customary reply due to relentless sloganeering.

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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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