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February 8, 2026
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Union Budget focuses on farmers, tourism, healthcare and productivity to boost rural employment and local infrastructure.
The Union Budget prioritises social welfare and rural prosperity through productivity-enhancing investments to address unemployment and improve living standards. It focuses on agricultural support-processing of pulses and oilseed crops, promotion of high-yielding seeds and measures to enable better price realisation for farmers-alongside tourism infrastructure development to generate local employment, with complementary commitments to healthcare and education to bolster human capital.
February 8, 2026
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Stone mining industry: prioritise environmental protection, safe mining and social security to sustain heritage and exports.
Prioritising environmental protection and ecological balance alongside safe mining practices is urged as a core policy objective for the stone industry, with social security for mining communities framed as a moral responsibility; this priority is set against Rajasthan's dominant production role and the sector's export, craftsmanship and heritage significance.
February 8, 2026
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India-US trade statement uses safeguards and calibrated openings to protect farmers while offering limited market access.
The India-US joint statement provides safeguards and calibrated market-opening measures to protect farmers and domestic industry from import surges while granting limited market access for certain pulses and lentils; no duty concessions were granted on dairy, genetically modified products, meat, poultry, soya meal and corn, with tariff differentials cited as an exporter advantage.
February 8, 2026
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India-US trade deal threatens Jammu and Kashmir horticulture if zero tariffs allow US agricultural imports.
The article argues that the India-US trade arrangement's allowance of zero tariff imports of agricultural products threatens Jammu and Kashmir's apple and walnut producers, while the regional budget is criticised for not addressing unemployment and for fiscal losses from an electric-bus subsidy that has allegedly displaced private transport operators.
February 8, 2026
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Free trade agreements require sharp, cautious negotiation balancing mutual sensitivities, rapport, and protection of national interests.
Commerce Minister Piyush Goyal described free trade agreement negotiations as intense processes requiring negotiators to be sharp and cautious because terms will affect nations for decades; he emphasised mutual respect for sensitivities, the utility of personal rapport to secure additional benefits, and the overriding need to protect national interests.
February 8, 2026
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India intends to purchase $500 billion of US goods over five years across energy, aviation, technology, and coal.
India and the United States finalised a framework for the first phase of a bilateral trade agreement under which India intends to purchase USD 500 billion of US goods over five years, targeting energy products, aircraft and parts, precious metals, technology products, and coking coal; the figure includes existing orders (notably significant aviation commitments) and is presented as conservative relative to projected import demand, contingent on US competitiveness.
February 8, 2026
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Uniform Civil Code should be framed by consensus and stakeholder consultation to avoid divisions and build trust.
Uniform Civil Code should be framed through broad consensus and structured stakeholder consultation to avoid social divisions, with large scale public suggestions cited as an exemplar; law reform is conditioned on inclusive procedure, trust, and dialogue with Muslim and Christian communities to align religious practice with non dominating principles.
February 8, 2026
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Household caregiver verification recommended to curb thefts using digital registration, ID checks and background details.
Kolkata Police recommended mandatory verification and digital registration of household employees via the Domestic Help Profile on the 'Bondhu' app or website, requiring identity proof, permanent address and photographs to enable background checks and faster investigation; awareness drives will encourage compliance, with family members urged to assist elderly residents in completing registration.
February 8, 2026
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Digital arrest scam used impersonation and coercion to extract funds; Rs 100 crore linked to shell accounts and directors arrested.
Two individuals were arrested in a digital arrest scam using impersonation, forged FIRs and threats to coerce victims into transferring funds; one victim paid Rs 40 lakh. A private limited company in west Delhi, with the accused as joint directors, operated as a conduit. Digital forensics traced layered fund movements through multiple bank accounts and UPI IDs linked to shell entities across states, with 190 complaints and suspected proceeds over Rs 100 crore connected to the network. The accused admitted opening multiple accounts; investigation continues.
February 8, 2026
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India Malaysia ties expand across trade, defence and counter terrorism, including semiconductor cooperation and local currency trade.
India and Malaysia agreed to deepen cooperation across trade, investment, defence, energy, advanced manufacturing and semiconductors via 11 agreements, promoted trade settlement in local currencies, and established an Indian Consulate General. They committed to strengthened counter terrorism cooperation-intelligence sharing, maritime security, defence ties, countering radicalisation and terrorism financing-and pledged coordinated support for reforms to make multilateral institutions more representative, including mutual backing on international candidatures and an expedited review of the ASEAN India Trade Agreement.
February 8, 2026
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Kerala paddy procurement bonus faces central review; state says discontinuation threatens farmers and food security.
The Union Finance Ministry asked Kerala to review and consider discontinuing its additional incentive bonus on paddy and wheat procurement, citing bumper production that has produced stocks exceeding PDS, buffer and contingency requirements and creating a recurring burden on the public exchequer; the state rejects this direction, defending its Rs 6.31 per kilogram bonus above the Minimum Support Price as necessary farmer support and contesting the fiscal-burden characterization.
February 8, 2026
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India-Malaysia cooperation expands in defence, semiconductors and trade while domestic governance and electoral actions advance.
India and Malaysia announced expanded cooperation in defence and security, semiconductor supply chains, and trade after leaders' talks. Concurrent domestic matters include calls for judicial intervention over a ruling party unit's allegedly targeting social-media video, a state request to expedite and fund sanctioned railway projects, emphasis on policy stability in the Union Budget, and a state offering thousands of Group B officers for a special electoral roll revision. An invitation for India to join an international supply-chain security initiative was also reported.
February 8, 2026
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Delhi hotel tariffs skyrocket as AI summit drives unprecedented demand and room rates into lakhs.
Five-star hotel tariffs and occupancy in New Delhi have surged for India AI Impact Summit dates, with standard rooms usually priced Rs 20,000-40,000 now listed at rates approaching and in some categories exceeding several lakh rupees per night; premium suites and club-level categories command multi-lakh rates or face minimum-stay conditions, and leading properties are nearly sold out or listing steep peak-season pricing.
February 8, 2026
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Japanese prime minister Sanae Takaichi seeks electoral majority to enact right-wing security, defence spending and immigration reforms.
Prime Minister Sanae Takaichi called a snap election to win a lower-house majority for a conservative agenda prioritising security and economic measures. Core operative aims include revising security and defence policy to develop offensive military capabilities, lifting the weapons export ban, increasing defence spending, tightening immigration and foreign-owner rules, and aligning more closely with the United States. Financing plans and diplomatic approaches to China were not detailed. The LDP's coalition with the Japan Innovation Party is framed as necessary to secure the legislative majority Takaichi says she needs to pursue these changes.
February 8, 2026
Show AI Summary
Union Budget 2026 27 anchors policy stability, multi year planning and capital expenditure to build Viksit Bharat.
Union Budget 2026 27 is anchored in policy stability and multi year planning toward 2047-2050, emphasising fiscal discipline over populist measures. The Budget prioritises capital expenditure and infrastructure expansion, highlights CPSE contributions and state utilisation of long term interest free loans for signature projects, and seeks to crowd in private investment to strengthen economic resilience and enable export led growth.
February 8, 2026
Show AI Summary
High-Level Committee on Banking to recommend scaling banks and restructuring public sector NBFCs to meet development financing needs.
The government will set up a High-Level Committee on Banking for Viksit Bharat to recommend how to scale the banking sector to meet financing, credit and access needs while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring public sector NBFCs, noting PFC's 2019 majority acquisition of REC and the PFC board's in-principle approval to merge REC into PFC to improve scale and efficiency.
February 8, 2026
Show AI Summary
Farm labourers duped into motorcycle loans; FIR filed against farm owner and two associates for fraud and intimidation.
An FIR alleges a farm owner and two associates induced illiterate tribal labourers to allow use of their Aadhaar and thumb impressions to obtain motorcycle loans without informed consent, resulting in two motorcycles purchased and victims receiving repayment notices; when confronted the accused allegedly assaulted and threatened a labourer. Charges include cheating by impersonation, dishonest inducement to obtain property, criminal intimidation, and intentional insult provoking breach of peace, and police are seeking the accused.
February 8, 2026
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Liquor shop auctions in Jammu and Kashmir raised significant revenue; no new wine shops planned.
The administration generated about Rs 2,152 crore from auctioning retail liquor outlets over two financial years, primarily from the Jammu region, and has stated that no new wine shops or JKEL-2 licences are proposed for 2026-27. Licence issuance and auction allocations are governed by domicile eligibility and other conditions under the J&K Excise Act, 1958 and the applicable Excise Policy.
February 8, 2026
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India-US trade deal excludes key agricultural products and bans imports of genetically modified products to protect farmers.
The interim India-US trade arrangement preserves national and farmer interests by excluding core agricultural commodities from tariff concessions, listing numerous staples, fruits, vegetables, dairy, meat, sugar, ethanol and tobacco as not eligible for tariff reductions, and affirming a prohibition on genetically modified product imports to protect seed and soil integrity.
February 8, 2026
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India-US trade agreement to cut tariffs, grant zero duty in select categories, and boost MSMEs, exports and jobs.
The proposed India-US interim trade framework would expand market access for exporters and strengthen MSMEs and labour intensive industries while safeguarding agriculture. Reportedly, average US tariffs on Indian products would be reduced from about 50% to 18%, with zero duty in selected categories; tariff cuts for textiles and apparel and zero duty for silk products are expected to benefit cluster based, labour intensive regions.

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Sonata Software consolidated PAT (before exceptional item) grew by 6.1% QoQ and 21.4 % YoY.

February 7, 2026

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Consistent quarterly interim dividend of INR 1.25 per share. BENGALURU, India, Feb. 6, 2026 /PRNewswire/ -- Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leading Modernization Engineering Company, today reported its unaudited financial results for the Quarter ended December 31, 2025. Sonata Software Logo in ₹ Crores Description For the Quarter ended For the nine months ended 31-Dec-25 30-Sep-25 QoQ 31-Dec-24 YoY 31-Dec-25 31-Dec-24 YoY Revenues International IT Services 738.6 730.3 1.1 % 731.7 0.9 % 2168.8 2,127.4 1.9 % Domestic- Products & Services 2,345.9 1,391.3 68.6 % 2,111.1 11.1 % 6011.9 5,422.4 10.9 % Consolidated 3,080.6 2,119.3 45.4 % 2,842.8 8.4 % 8165.1 7,540.0 8.3 % EBITDA# International IT Services 144.0 126.3 14.0 % 107.1 34.5 % 386.2 364.8 5.9 % Domestic- Products & Services 56.2 46.5 20.9 % 56.4 -0.5 % 146.6 152.2 -3.6 % Consolidated 200.2 172.7 15.9 % 163.6 22.4 % 532.5 517.0 0.0 PAT before exceptional item^ International IT Services 80.4 78.0 3.0 % 56.9 41.2 % 229.1 184.3 24.3 % Domestic- Products & Services 47.1 42.2 11.6 % 48.1 -2.1 % 128.7 132.8 -3.1 % Consolidated 127.5 120.2 6.1 % 105.0 21.4 % 357.0 317.1 12.6 % PAT post exceptional item^ International IT Services 59.8 78.0 - 56.9 - 208.6 184.3 - Domestic- Products & Services 44.6 42.2 - 48.1 - 125.3 132.8 - Consolidated 104.4 120.2 - 105.0 - 333.9 317.1 - #EBITDA (before Other Income & Fx, and exceptional item) ^ Pursuant to the notification of the new Labour Codes by the Government of India, Sonata recognised a one-time incremental expense towards past service costs for employee benefits. Accordingly, an exceptional item of ₹31.3 crore was recorded during the quarter, comprising gratuity of ₹23.3 crore and leave encashment of ₹8.0 crore. Commenting on the Q3 performance, Mr. Samir Dhir, MD & CEO of Sonata Software, said: "International IT Services delivered steady progress during the quarter, with consolidated PAT improving significantly in the last two quarters. Following a 10% PAT growth in the previous quarter, we achieved a further 6.1% quarter-on-quarter growth in the current quarter. The business secured a large deal in the BFSI vertical with a Fortune 500 fintech client, reinforcing our strategy of driving growth through large deals backed by disciplined execution. Our continued strategic investments in Artificial Intelligence contributed approximately 14% of the overall order book for the quarter." Mr. Sujit Mohanty, MD & CEO of Sonata Information Technology Limited, added: "We delivered a seasonally strong quarter in our domestic business. Our three-pillar strategy to diversify the business is in motion, focused on building a scaled and resilient operating model. We remain confident that this strategic direction will drive a more diversified, scalable, and future-ready business." Financial Highlights for Q3'26: • International IT Services: • In USD terms, Q3'26 revenue stood at $82.3 million, growth of 0.4% QoQ and 0.3% in CC. • In Rupee terms, Q3'26 revenue stood at ₹738.6 crores, growth of 1.1% QoQ. • EBITDA (before other income and forex) for Q3'26 stood at 19.5%, 220bps accretion QoQ. • PAT before exceptional item for Q3'26 stood at ₹80.4 crores, growth of 3.0% QoQ • PAT post exceptional item for Q3'26 stood at ₹59.8 crores. • DSO stood at 71 days in Q3'26, compared to 68 days in Q2'26. • ROCE stood at 18.7% in Q3'26, compared to 17.8% in Q2'26. • RONW stood at 23.1% in Q3'26, compared to 22.6% in Q2'26. • 3 new customers were added during the quarter. • Domestic Products & Services: • Revenue for Q3'26 stood at ₹2,345.9 crores, growth of 68.6% QoQ. • Gross contribution for Q3'26 stood at ₹76.1 crores, growth of 10.8% QoQ. • EBITDA (before other income and forex) for Q3'26 stood at ₹56.2 crores, 20.9% QoQ. • PAT before exceptional item for Q3'26 stood at ₹47.1 crores, growth of 11.6% QoQ. • PAT post exceptional item for Q3'26 stood at ₹44.6 crores. • DSO stood at 42 days in Q3'26, Same as compared to Q2'26. • ROCE stood at 43.1% in Q3'26, compared to 43.8% in Q2'26. • RONW stood at 41.8% in Q3'26, compared to 42.5% in Q2'26. • Consolidated: • Revenue for Q3'26 stood at ₹3,080.6 crores, growth of 45.4% QoQ. • EBITDA (before other income and forex) for Q3'26 stood at ₹200.2 crores, growth of 15.9% QoQ. • PAT before exceptional item for Q3'26 stood at ₹127.5 crores, growth of 6.1% QoQ and 21.4% YoY. • PAT post exceptional item for Q3'26 stood at ₹104.4 crores. • Cash and cash equivalents (gross) stood at INR 564 Crores. • Cash and cash equivalents (net) stood at negative ₹ 12 Crores. • ROCE stood at 23.3% in Q3'26, compared to 22.1% in Q2'26. • RONW stood at 27.7% in Q3'26, compared to 27.1% in Q2'26. • The Company has declared its third interim dividend for the financial year at ₹1.25 per share. This is in line with the commitment made during the Q1'26 earnings call to implement a quarterly interim dividend payout policy starting this year. About Sonata Software Limited In today's market, there is a unique duality in technology adoption. On one side, extreme focus on cost containment by clients, and on the other, deep motivation to modernize their Digital storefronts to attract more consumers and B2B customers. Sonata Software, with $1 Billion Revenue, is the leading AI-first Modernization Engineering company. Our unique Modernization approach through Platformation.AI helps create Efficient and Agile digital businesses to drive intelligent ecosystems of the future. Our bouquet of Modernization Engineering Services cuts across Data, Cloud, Dynamics, Automation, Cyber Security, and around newer technologies like Generative AI, Microsoft Fabric, and other modernization platforms. Our unique and innovative Responsible-first AI offering Sonata Harmoni.AI is a comprehensive platform powered by GenAI and encompasses a variety of industry solutions, service delivery platforms, and accelerators. It is distinguished by its embedded ethics, privacy, security, and compliance. We enable our clients to leverage AI in three different ways: i) driving efficiencies, ii) driving higher consumer experience/modern sales, and iii) driving innovative business models. We have launched bleeding edge Agentic AI offering – AgentBridge – that enables enterprises to usher in the era of intelligent, scalable AI-driven operations. Headquartered in Bengaluru, India, Sonata Software has a strong global presence, including key regions North America, UK, Europe, APAC, and ANZ. We are one of the fastest growing IT Services companies and a trusted partner of Fortune 500 companies in Banking, Financial Services and Insurance (BFSI); Healthcare and Lifesciences (HLS); Telecom, Media, and Technology (TMT); and Retail, Manufacturing and Distribution (RMD) space. Sonata Software boasts of a very strong partnership with Microsoft, AWS and many others. We are proud member of Microsoft AI Partner Council and have also achieved AWS Generative AI Competency. Also, we are member of the prestigious Inner Circle for Microsoft Business Applications and Featured and Launch Partner for Microsoft Fabric. About Sonata Information Technology Limited Sonata Information Technology Limited, our Domestic Business, partners with Indian enterprise customers in their digital transformation journeys. As a digital transformation partner, it helps enterprises adopt and scale cloud solutions, fostering innovation and growth. It also helps customers in managing & maintaining their Hybrid Cloud Platforms and related enterprise IT security environments. For more information, please visit https://www.sonata-software.com/ Logo: https://mma.prnewswire.com/media/2681656/5338813/Sonata_Software_logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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