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    Industry bodies welcome West Bengal interim budget's thrust on urban infra
    Women, youth in focus as Bengal unveils Rs 4.06 lakh cr pre-poll budget, BJP calls it 'false doc'
    India, Malaysia set to ink pact for cooperation in semiconductor sector during PM Modi's visit
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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.
February 5, 2026
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West Bengal pre-poll budget increases women's Lakshmir Bhandar and proposes Rs 1,500 monthly youth stipend.
The interim Rs 4.06 lakh crore vote-on-account prioritises welfare: Lakshmir Bhandar payments rise by Rs 500 (to Rs 1,500/1,700 for general/SC-ST women) with an additional Rs 15,000 crore allocation and immediate disbursement from February; Banglar Yuva Sathi proposes Rs 1,500 monthly for unemployed youth (21-40) for up to five years subject to rollout from August 15 if the incumbent is returned, with Rs 5,000 crore earmarked. The opposition contends many promises are election-oriented and may be restricted by the Model Code of Conduct.
February 5, 2026
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India Malaysia visit advances semiconductor cooperation, defence partnerships, trade reviews and renewed extradition request for Zakir Naik.
India and Malaysia will formalise cooperation including an anticipated agreement on semiconductor cooperation, prioritise trade and investment facilitation and review bilateral economic instruments under ASEAN frameworks; they will explore defence sales and technical cooperation on maintenance and upgrades (Dornier aircraft, Scorpene naval mid life upgrades, Su 30 fleet support) and will renew India's diplomatic request for extradition while engaging with industry leaders and the diaspora under the countries' comprehensive strategic partnership.
February 5, 2026
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Karnataka Congress leadership: Shivakumar expects high command to call him when a political decision is taken.
Internal party leadership dynamics center on the expectation that the national party high command will intervene to resolve a leadership tussle in Karnataka by summoning state leaders when it takes a political decision. D K Shivakumar expressed confidence he will be called to New Delhi for such determinations, while allied MLAs and ministers urged an early resolution to prevent damage to party unity and electoral prospects.
February 5, 2026
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Prime Minister Modi condemns parliamentary disruptions, says opposition cannot "dig his grave" and highlights government achievements.
Prime Minister addressed the Rajya Sabha during the Motion of Thanks, condemning Opposition interruptions as insults to the President's office and the Constitution, and asserting that electoral defeats and personal attacks will not unseat him because of broad popular support. He criticised a principal opposition party for corruption, double standards and derogatory remarks, accused regional parties of protecting illegal entrants harming tribal and youth interests, and reiterated government achievements-security operations, economic performance, startup promotion and recent trade deals-as proof of governance and progress toward national development goals.
February 5, 2026
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Punjab-Canada economic cooperation explores investment, technology collaboration and alignment of Invest Punjab operations to boost sustainable growth.
A Punjab delegation and a Canadian delegation led by Alberta's Indigenous Relations minister discussed strengthening economic ties, with Punjab presenting its industrial ecosystem, investment opportunities, an industry-friendly ease of doing business approach, and the operational framework of Invest Punjab; technology and innovation were identified as priority sectors for collaboration.
February 5, 2026
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Himachal geothermal energy: state signs MoU with Geotropy to begin exploration with no state cost.
A Memorandum of Understanding between the Himachal Pradesh government and GEOTROPY ehf./Geotropy India establishes immediate commencement of geothermal exploration to assess and harness the state's geothermal potential as a continuous renewable energy source, with the state confirming that exploration will not impose financial liability on it.
February 5, 2026
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Haryana agriculture: State targets Rs3.67 lakh crore priority sector credit and promotes tech-driven rural development.
Haryana's strategy pairs innovation and institutional finance to tackle agricultural challenges by prioritising infrastructure and productivity intensification. NABARD's State Focus Paper 2026-27 sets the state's priority sector credit potential at Rs 3.67 lakh crore-Rs 1.32 lakh crore for agriculture and Rs 2.11 lakh crore for MSMEs-while RIDF sanctions support roads, irrigation, storage, renewable energy and social infrastructure. The plan also focuses on Smart Agriculture Zones, crop diversification, micro irrigation, FPO strengthening, cooperative reform, timely bank credit and measures to improve farm to market linkages.
February 5, 2026
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U.S. markets fell as Alphabet's massive spending plans and softer job data drove tech sell-offs and lower Treasury yields.
U.S. equities and commodities fell as investor focus shifted from quarterly profits to elevated corporate capital expenditures and weakening labour-market signals. Alphabet's planned near-doubling of equipment and investment spending drove tech-sector selling, while rising unemployment claims, increased layoffs and fewer advertised openings pushed Treasury yields down amid greater odds of eventual rate easing. Precious metals and bitcoin corrected sharply, and global markets declined alongside U.S. losses.
February 5, 2026
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UT-with-Assembly model undermines governance; approval of Business Rules sought to clarify administrative roles pending constitutional change.
Omar Abdullah urged abolition of the Union Territory-with-Assembly model as unworkable, citing conflicted control over senior appointments and functions-illustrated by a mid-budget finance secretary transfer and the Resident Commissioner post given as additional charge-which impede budget preparation and central coordination; he urged approval of the Transaction of Business Rules to clarify delegation and administrative roles pending any constitutional change.
February 5, 2026
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India rejects report of NSA Doval's US visit and meeting; MEA says no such visit or meeting occurred.
The Ministry of External Affairs denied a media report that the National Security Adviser visited Washington and met a senior US official to press for renewed trade negotiations, stating there was "absolutely no basis" for the claim and that no such visit or meeting occurred; the report's allegations about India's refusal to be bullied and its willingness to wait out the US administration were likewise rejected.
February 5, 2026
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India trade deals with the EU and US reduce tariffs, aim to remove non tariff barriers and expand market access.
India concluded a comprehensive free trade agreement with the European Union and a bilateral trade deal with the United States that reduces reciprocal tariffs on Indian goods to 18% and contemplates elimination of tariffs and non tariff barriers, thereby altering tariff schedules and market access conditions; these international commitments are coupled with domestic reforms to enhance export competitiveness and institutional resilience.
February 5, 2026
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Airline inspections found 377 of 754 analysed aircraft with recurring defects; regulator stepped up surveillance and staffing.
Of 754 aircraft across six scheduled carriers analysed for repetitive defects since January 2025, 377 were identified with recurring defects. The Air India Group had 267 analysed aircraft, of which 191 (nearly 72%) had repetitive defects. DGCA reported 3,890 surveillance inspections, 56 regulatory audits, 84 surveillance of foreign aircraft, 492 ramp checks, 874 spot checks and 550 night surveillance events, and increased sanctioned technical posts from 637 to 1,063 to address manpower shortfalls.
February 5, 2026
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Posing as Hindu saints led to arrests for impersonation and possession of forged identity documents in Muzaffarnagar.
Six individuals were arrested for allegedly posing as Hindu religious mendicants and collecting alms; a criminal case was registered under relevant penal provisions for impersonation and related offences. Investigators recovered forged identity documents, including counterfeit Aadhaar cards, from the suspects, and further inquiry into the scope and method of the alleged fraud is ongoing.
February 5, 2026
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Lok Sabha Speaker says he had information of an attempt on the Prime Minister's seat; PM asked not to attend.
Speaker said he had concrete information that opposition members might reach the Prime Minister's seat and carry out an unexpected act, and therefore requested the Prime Minister not to come to the House to reply to the Motion of Thanks. The Motion of Thanks was passed by voice vote without the Prime Minister's customary reply amid opposition sloganeering, posters in the Well, rejection of amendments by voice vote, and the Speaker's warnings and adjournment of the House to uphold parliamentary dignity.
February 5, 2026
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Indo-US trade deal defended as protecting farmers while promoting exports and criticised opposition's parliamentary obstruction.
The Agriculture Minister defended the Indo-US trade agreement as preserving staple crops and dairy, asserting farmers' interests are protected while tariff reductions will boost exports of rice, spices, textiles and benefit cotton growers, and denied that large quantities of US agricultural imports will open domestic markets; he also criticised the Opposition for obstructing parliamentary debate and misrepresenting the deal.
February 5, 2026
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West Bengal economy projected to grow 7.62% in 2025-26, driven by tax revenue gains and rising capital expenditure.
West Bengal's Economic Review projects real GSDP growth of 7.62% for 2025-26 and estimates nominal GSDP at about Rs 19.91 lakh crore based on First Advance Estimates. The Review highlights multi fold growth in the state's own tax revenue and a sustained rise in capital expenditure since 2011 12, focused on roads, bridges and social and economic development, as underpinning factors for the projected expansion.
February 5, 2026
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Rupee inches up on India-US trade optimism but faces pressure from dollar demand, oil prices, and RBI rate uncertainty.
The rupee rose to 90.34 against the US dollar on optimism about an India-US trade deal and lower commodity prices, though gains were capped by corporate dollar demand and weak equities. Analysts projected USD INR trading ranges near 90.00-90.50 and 90.05-90.88. The RBI's Monetary Policy Committee met to set bi monthly rates, with the bank having cut the repo by 125 basis points since last February and facing a choice between status quo and a further cut; dollar strength, crude prices and FIIs' selling were noted as sources of pressure.
February 5, 2026
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India prioritises energy security, diversifying crude sources while remaining open to Venezuelan supplies amid a US tariff reduction.
Ensuring energy security for 1.4 billion Indians is the government's supreme priority, guiding a policy of diversifying energy sourcing based on objective market conditions and commercial merits; procurement decisions are driven by national interest and market dynamics. The statement also notes a negotiated reduction in US tariffs on Indian goods to 18 percent and indicates openness to commercial crude supply options such as Venezuela, subject to sanctions and commercial viability.
February 5, 2026
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Supertech EV begins operations at Harapanahalli plant with local assembly and capacity for 12,000 two-wheelers annually.
Supertech EV Limited has started operations at its Harapanahalli, Karnataka manufacturing facility with annual capacity for 12,000 electric two-wheelers and 1,200 electric three-wheelers, undertaking complete local assembly of its established scooter and three-wheeler models and targeting monthly sales of about 500 units while expanding market presence in southern and western India.

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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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