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    PM Modi's huglomacy, photo-ops did not amount to much: Cong on India-US interim trade pact
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February 7, 2026
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India US interim trade pact requires India to stop Russian oil imports and reduce duties on US goods, risking trade shifts.
The interim India US framework commits India to cease direct or indirect imports of Russian oil under penalty of a reinstated 25% tariff if non compliance is found, and provides for reciprocal tariff reductions: India will eliminate or reduce duties on a broad set of US industrial and agricultural goods while US duties on certain Indian goods will fall to 18%, with prompt implementation intended and further negotiation toward a Bilateral Trade Agreement.
February 7, 2026
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US India interim trade framework establishes reciprocal tariff adjustments, rules of origin, and commitments to reduce non tariff barriers.
An interim trade framework establishes reciprocal tariff and market access commitments: India will reduce or eliminate tariffs on U.S. industrial and specified agricultural goods while the United States will apply an 18 percent reciprocal tariff on designated Indian-origin goods and, subject to the Interim Agreement, remove that reciprocal tariff for a range of goods. The parties will adopt rules of origin ensuring benefits accrue predominantly to them, address long-standing non-tariff barriers including medical devices and ICT licensing, discuss standards and conformity assessment procedures, and pursue broader BTA negotiations to expand market access, digital trade rules, and economic security alignment.
February 7, 2026
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Credit derivatives: draft enables derivatives on credit indices and total return swaps; public feedback invited by Feb 27.
The Reserve Bank has published a draft revised Master Direction consolidating provisions for credit derivatives, including credit default swaps, and proposing enabling provisions for derivatives on credit indices and total return swaps on corporate bonds; public comments are invited by February 27, 2026 by email or postal submission to the Chief General Manager, Financial Markets Regulation Department.
February 7, 2026
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RBI invites comments on draft amendment removing prior approval for NBFC branch openings in India.
The Reserve Bank published Amendment Directions, 2026, removing the requirement of prior approval or intimation for NBFCs (including Housing Finance Companies) to open branches in India and inviting comments on the draft until February 27, 2026 via the 'Connect 2 Regulate' portal or by submission to the Registration and Authorisation Group; relevant provisions of the Directions on Acceptance of Public Deposits and Housing Finance Companies will be amended consequentially.
February 7, 2026
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Karnataka Deputy Chief Minister D K Shivakumar says elevation timing uncertain and all must abide by party high command.
Deputy Chief Minister D K Shivakumar stated that the timing of any elevation to chief ministership depends on the Congress high command, that everyone must abide by the party's decision, and he would not predict a post budget change.
February 7, 2026
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Assembly proposal condemns MLA remarks on madrasa funding; remarks expunged and opposition staged brief walkout.
Speaker allowed a government member to move a resolution condemning an opposition MLA's remarks alleging madrasa funding supports "anti-social elements" in a minority community; the Speaker said such communal comments would not be permitted, the matter is under consideration, and the contested portions of the MLA's speech were expunged from House records, prompting a brief opposition walkout and competing claims about the propriety and motive for the action.
February 7, 2026
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Vinay Kumar Dubey honoured for legal excellence, NPA resolution work and extensive social-service initiatives supporting vulnerable communities.
Vinay Kumar Dubey, Chairman of VKDL NPA Advisory Council and member of the Hindi Advisory Committee, was honoured for professional contributions, expertise in NPA resolution balancing bank, industry and public interests, and longstanding legal assistance to economically weaker sections.
February 7, 2026
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International oil smuggling disrupted by mid sea transfers; vessels seized and to be handed to customs for investigation.
An international oil smuggling syndicate using coordinated mid sea transfers to evade duties was intercepted when three vessels were boarded about 100 nautical miles west of Mumbai. Digital surveillance and vessel movement pattern analysis within the Exclusive Economic Zone identified suspects; onboard electronic data, document checks, and crew interrogation corroborated the scheme. The vessels, suspected of frequent identity changes and foreign ownership, will be escorted to Mumbai and handed to Customs and law enforcement for further investigation and action.
February 7, 2026
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Satish Gupta's Gujarat debut exhibition spotlights Ahmedabad's emergence within India's growing contemporary art market.
Satish Gupta's Gujarat debut solo exhibition 'Haiku of a Still Mind' at Bespoke Art Gallery in Ahmedabad is presented as the state's first museum-quality solo show of his spiritually rooted work, curated by Devin Gawarwala, featuring paintings and metal sculptures priced between Rs. 5 lakh and Rs. 5 crore and positioned as a milestone within a national market projected to reach Rs. 5,000 crore by 2030 amid rising domestic collectors, HNW participation, and institutional buying.
February 7, 2026
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Voter deletions in India via roll-revision risk excluding marginalised citizens absent transparency and safeguards.
The article argues that the Election Commission's Special Intensive Revision can operate as a mechanism for widespread voter deletions-through classifications like deaths, migration or "logical discrepancy"-disproportionately affecting marginalised groups. It notes state-level resistance and court challenges reframing timing, implementation and bias as issues of transparency and accountability, and warns that without safeguards and scrutiny such exercises risk becoming tools for electoral exclusion.
February 7, 2026
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Oil smuggling operation intercepted mid-sea; three vessels detained and set for handover to customs and enforcement agencies.
Coast Guard forces interdicted three vessels after digital maritime surveillance detected an illicit ship-to-ship transfer about 100 nautical miles offshore; boardings, document verification, electronic data corroboration, and crew interviews established a syndicate modus operandi involving vessel identity changes to evade customs duties, and the vessels were detained for handover to customs and enforcement agencies for further legal processes.
February 7, 2026
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Temple entry: court says ceremonial guest entry by non-Hindus isn't a statutory violation and rules must align with the Act.
Permissive ceremonial entry by non Hindus as guests is distinct from a right of entry and cannot be treated as a violation of the parent Act; Rule 3(a)'s prohibition on non Hindu entry appears inconsistent with the Act's object, and subordinate rules that conflict with the Act should be reconsidered, amended or modified to align with legislative intent, constitutional values and social harmony after consultation with relevant stakeholders.
February 7, 2026
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HCLTech named to Fortune's World's Most Admired Companies 2026 list for IT services and innovation.
HCLTech was named to Fortune's 2026 World's Most Admired Companies list in IT services based on a survey of over 3,000 executives, board members and analysts evaluating nine parameters such as quality of management, innovation, global competitiveness, talent attraction and social responsibility; the release highlights HCLTech's AI focus, global scale and consolidated revenues.
February 7, 2026
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Sonata Software reports consolidated PAT growth, a one time labour code expense and a quarterly interim dividend declared.
Consolidated PAT before exceptional item rose 6.1% QoQ to INR 127.5 crore and 21.4% YoY, with consolidated revenue growth led by Domestic Products & Services and steady International IT Services. An exceptional one time employee benefit expense of INR 31.3 crore was recognised under the new Labour Codes, reducing PAT post exceptional item to INR 104.4 crore. The company declared a quarterly interim dividend of INR 1.25 per share and reported key operating metrics including EBITDA, DSO, ROCE, RONW, cash balances and segmental performance.
February 7, 2026
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CHANDO 4-Butylresorcinol (577) research shows targeted microRNA inhibition reduces melanin and brightens Asian skin with high tolerability.
CHANDO identified that a specific microRNA drives UV-induced pigmentation by regulating MITF, TYR, and TYRP1, and reported that 4-Butylresorcinol (577) inhibits this microRNA's abnormal expression to reduce melanin overproduction; laboratory and clinical testing showed reductions in dark spots and sallowness with high tolerability, and 577 has been incorporated into CHANDO's Cellcrystal Whitening Radiance Series.
February 7, 2026
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Angel Yeast Indonesia project trains local workers and pairs a 20,000 ton yeast plant with wastewater treatment and fertilizer reuse.
Angel Yeast's Indonesia project deploys a six month training program to prepare 29 local employees to commission and operate a Lampung facility comprising a 20,000 ton annual yeast line, a 3,500 ton/day wastewater treatment unit, and a 20,000 ton organic fertilizer plant. The plan emphasises local molasses sourcing, by product repurposing into animal feed, conversion of treated wastewater to fertilizer, technology transfer, workforce development, and a circular economy approach to reduce waste and support regional value chains, with commissioning targeted for 2027.
February 7, 2026
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Dubstep's Love on Loop campaign awards purchasers on Instamart prizes based on maximum Dubstep spend during the campaign.
A promotional campaign, Love on Loop, makes Swiggy users who purchase eligible Dubstep products on Instamart eligible to win prizes based on maximum spends during the campaign: nine INR 3,000 dinner vouchers and one grand prize of air tickets for two to Goa plus a potential meet-and-greet, all subject to availability and terms. The promotion is exclusive to Instamart and tied to the launch and marketing of the limited edition Dubstep Buzz X12 Wireless Earbuds - Love Edition, with product features and quick-commerce delivery highlighted to facilitate participation.
February 7, 2026
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Female genital mutilation: Merck Foundation and African First Ladies promote education, media outreach, awards and scholarships to end FGM.
Merck Foundation and African First Ladies marked the International Day of Zero Tolerance for FGM through a dedicated episode of their pan African TV program, the More Than a Mother Awards to recognise media raising awareness, and the Educating Linda scholarship program funding secondary education for high performing, underprivileged girls across numerous African countries, using media, storybooks, animation, songs, and school material distribution to promote education as the core strategy to end FGM and related harms.
February 7, 2026
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Embassy REIT reports 17% revenue growth and declares distributions while evaluating acquisition of a Bengaluru office asset.
Embassy REIT delivered 17% YoY revenue growth and 19% NOI growth in Q3 FY2026, declared distributions of Rs. 613 crores (Rs. 6.47/unit), reported 4.6 msf year to date leasing with c.94% portfolio occupancy, and received an invitation to offer to acquire the 0.4 msf Embassy Zenith in Bengaluru while continuing redevelopment and acquisition activity within its development pipeline.
February 7, 2026
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Shikshagraha announces 2026 awards honoring grassroots education leaders with grants, mentorship and partnerships to reach millions.
Shikshagraha announced the 2026 Shikshagraha Awards granting multi-year monetary support, mentorship, national visibility and policy engagement to three grassroots education leaders to help scale practitioner-led improvements. Concurrently, Shikshagraha and the Childaid Network Foundation formed a strategic partnership to combine regional implementation experience and national convening power with an explicit goal of mobilising partners and government relationships to reach two million children.

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PM Modi holds talks with Malaysian counterpart Anwar Ibrahim

February 8, 2026

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Kuala Lumpur, Feb 8 (PTI) Prime Minister Narendra Modi on Sunday held wide-ranging talks with his Malaysian counterpart Anwar Ibrahim, focusing on boosting defence and security ties and enhancing economic and innovation partnership.

The two sides are expected to ink a number of agreements that will provide for cooperation in several key sectors including semiconductor.

Modi arrived in Kuala Lumpur on Saturday to a grand red-carpet reception, with Ibrahim receiving him at the airport, signalling a new momentum in the bilateral relations.

Ahead of the talks, Modi was accorded a ceremonial welcome at Perdana Putra this morning.

"India shares close bonds with Malaysia anchored in civilisational, historical and people-to-people ties," External Affairs Ministry spokesperson Randhir Jaiswal said.

  In his departure statement on Saturday, the prime minister signalled that the visit will focus on a major push for deeper defence cooperation and robust economic engagement.

"The historic ties between India and Malaysia have seen steadfast progress in recent years. I look forward to my discussions with Prime Minister Anwar Ibrahim, and further enhancing our comprehensive strategic partnership," Modi said.

"We will aim to deepen our defence and security ties, enhance our economic and innovation partnership, and expand our collaboration into new domains," he said.

India and Malaysia elevated their bilateral ties to a comprehensive strategic partnership in August, 2024. PTI MPB 

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