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    India-US trade pact to open $30 trillion market for Indian exporters: Goyal
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February 7, 2026
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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.
February 7, 2026
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India-US trade pact: India to buy $500bn of US goods over five years and pursue robust digital trade rules.
India commits to purchase USD 500 billion of US goods over five years, focusing on energy products, aircraft and parts, precious metals, technology products including GPUs, and coking coal, while both countries agree to address discriminatory or burdensome practices affecting digital trade and to establish a pathway toward robust, mutually beneficial digital trade rules within their bilateral trade agreement.
February 7, 2026
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US India interim trade agreement framework sets reciprocal 18% tariff on Indian goods and expands market access commitments.
The Interim Agreement framework establishes reciprocal tariff and market access adjustments: India will eliminate or reduce tariffs on US industrial and specified agricultural products, while the United States will apply a reciprocal tariff of 18 per cent on originating Indian goods in designated sectors; the framework also foresees additional market access commitments, supply chain resilience measures, and potential removal of reciprocal tariffs on certain goods subject to successful conclusion of the Agreement.
February 7, 2026
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Milan Cortina Olympics opened with a coordinated four-site ceremony and dual cauldrons to reflect dispersed venues.
The Milan Cortina opening ceremony was a coordinated multi-site event with four simultaneous venues and two cauldrons, enabling athletes to participate at mountain sites while the main Milan hub hosted a parallel parade with placard representation for delegations absent from the stadium. Organisers presented the format as a means to represent city and mountain identities, reduce travel for winter-sport athletes, and combine cultural programming with governance and broadcast considerations.
February 7, 2026
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Canada and France open consulates in Greenland, signaling support amid US push for control and talks.
Canada and France established consular presences in Nuuk to reinforce political and cooperative ties with Greenland and Denmark, highlighting commitments on defence, security, climate, economic resilience and Arctic cooperation. France sent a consul general as the first EU consulate-level presence; Canada formally opened its consulate. The moves are framed as allied solidarity amid US proposals and tariff threats related to access to Greenland and follow technical talks among the US, Denmark and Greenland on an Arctic security framework.
February 7, 2026
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Trump's social media post depicting the Obamas as primates was deleted after bipartisan backlash and blamed on a staffer.
A presidential social media post depicting the Obamas as primates was deleted after bipartisan backlash; the White House blamed a staffer and described the removal as corrective. The incident raised questions about control and vetting of the President's account, the attribution of posts to the President versus aides, and procedural gaps that allow reposted memes and AI generated content to be published under the administration's official channels.
February 7, 2026
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Minor lured into ovum donation using forged identity and consent documents for IVF; suspects detained.
Allegations indicate a minor was lured to an IVF centre, had her ovum extracted after being falsely portrayed as an adult through a forged identity document and a fabricated consent form prepared by an agent, and that several persons have been detained on charges including kidnapping, document forgery, and falsifying medical consent for a minor.
February 7, 2026
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US stock market surges past 50,000 as tech stocks and bitcoin recover, no legal or regulatory issues discussed.
The document reports a sharp equity market rebound-Dow surpassing 50,000 with S&P 500 and Nasdaq gains driven by chip stocks and improved sentiment-and a recovery in bitcoin above USD 70,000; it contains no statutory, regulatory, compliance, governance, enforcement, or other legal content.
February 7, 2026
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Hooda-hosted lunch drew MPs across parties; Congress to press issues during Haryana Vidhan Sabha budget session.
Bhupinder Singh Hooda hosted a Delhi lunch attended by over 85 MPs and numerous legislators from multiple parties, including Rahul and Priyanka Gandhi, facilitating cross-party social engagement. Afterwards, Hooda chaired a Congress Legislative Party meeting and indicated the party will seek answers on several public-importance issues during the upcoming Haryana Vidhan Sabha budget session, signalling a planned legislative scrutiny agenda.
February 7, 2026
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Pan masala advertisement: issuance of a non-bailable warrant stayed while the bailable warrant cancellation is pursued.
The state consumer commission stayed issuance of a non-bailable warrant against the celebrity and restrained the district commission from issuing that warrant until the existing bailable warrant is executed, directing the district commission to expeditiously hear the pending application seeking cancellation of the bailable warrant.
February 7, 2026
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Jammu and Kashmir Budget defended as manifesto-driven; opposition brands it partisan and disappointing, citing unmet wage and youth employment needs.
The Jammu and Kashmir government presented a Rs 1.27 lakh crore Budget for 2026-27 defended as reflecting the National Conference manifesto and intended to promote growth, social harmony and prosperity. Opposition parties labelled the Budget partisan and criticised its failure to address long standing concerns of daily wagers, employees, unemployed youth and farmers, accusing the government of repackaging central schemes without new local initiatives. The Congress urged greater central funding given the UT's resource constraints, while business representatives welcomed selected infrastructure and scheme commitments.
February 6, 2026
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App-based taxi and auto-rickshaw drivers strike over panic-button costs, illegal bike taxis, and fare policies.
Drivers announced a nationwide one-day strike alleging that state declarations of many Central Government-approved panic button providers as unauthorized have forced costly device replacements (about Rs 12,000 each), causing severe financial hardship. The union also protests alleged illegal bike taxi services that purportedly deny accident victims insurance benefits, disputes ride aggregator fare policies as arbitrary, and links income loss to an expanded open permit policy for auto-rickshaws.
February 6, 2026
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Four family members found dead by hanging in a Rajgir dharmshala; police seized evidence and launched a special investigation team.
Four family members were found dead by hanging in a locked dharmshala room; police entered with a magistrate, conducted dog squad inspection and forensic photography, and seized phones, identity documents, cash, personal effects and 25 strips of sleeping pills. An inquest report was prepared, bodies sent to the district hospital for autopsy by a medical board with videography, and a special investigation team was constituted with inter state police coordination and a two member team sent to the victims' hometown.
February 6, 2026
Show AI Summary
Chabahar port faces changing US sanction waivers, prompting India to assess exposure of its port operator.
The article highlights Chabahar's strategic role for access to Afghanistan and Central Asia and reports recent US sanctions developments: the revocation of a 2018 sanctions exception effective September 29, 2025, and a conditional waiver extended to April 26, 2026. India confirmed IPGL's ten-year contract to operate the Shahid Beheshti Terminal and its USD 120 million equipment contribution, and states it is engaging with relevant parties to assess and mitigate exposure to potential secondary sanctions.
February 6, 2026
Show AI Summary
Return of Kashmiri Pandits depends on restoring their sense of security, beyond packages and housing measures.
Return of Kashmiri Pandits depends on restoring their sense of security; packages alone cannot ensure return. The government focuses on non-monetary measures including construction and allotment of transit accommodations (6,000 units targeted), community facilities, a PoK displaced persons bhawan, expanded civic and utility services, extension of health insurance benefits, and strengthened digital service delivery with a dedicated online platform for migrant certificates and grievance redressal.
February 6, 2026
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Amaravati Quantum Valley will be founded to build a quantum research hub through industry, academia and government partnerships.
The Amaravati Quantum Valley foundation will establish a quantum research and innovation hub through government, academia and private sector collaboration, formalised by launches, Memoranda of Understanding and agreements. Key components include the AQV launch, quantum cloud services from major firms, an IBM TCS Quantum Innovation Center, a Quantum Talent Hub, a Quantum Reference Facility by a private university, a quantum safe application, and agreements with nine companies to develop the ecosystem.
February 6, 2026
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Jammu and Kashmir budget secures SASCI interest-free loans and mandates SPARSH/Aadhaar DBT to streamline funding.
Jammu and Kashmir's budget secures inclusion in the Special Assistance to States for Capital Investment (SASCI) scheme for 50 year interest free loans, reports utilisation and matching approvals for capital and disaster works, and implements financial-administration reforms including the SPARSH payment system and mandatory Aadhaar-based direct benefit transfers to streamline fund flow and bill processing.
February 6, 2026
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CyFi units improve detection of cyber and financial crimes in Navi Mumbai, raising detection rates and expanding CCTV infrastructure.
CyFi units at every police station in Navi Mumbai increased detection of cyber and economic offences: cybercrime detection rose from 18% (2024) to 35% (2025) and economic offence detection from 51% to 66%. The police also report a 6.5-minute average response time and forthcoming inauguration of a CCTV Command Centre; overall recorded cases rose from 7,369 (2024) to 7,835 (2025) with detections increasing from 5,678 to 6,278.
February 6, 2026
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Proposed anti-hate speech law aims to criminalise hateful statements; critics warn it may be used to target political rivals.
Proposed anti-hate speech law in Telangana aims to criminalise or regulate speech deemed hateful, modelled on a neighbouring state's draft, and is expected to create new bases for investigation and prosecution; critics allege selective enforcement targeting specific political actors and that the measure is intended to suppress political competition.

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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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