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    SBI Q3 profit up 13 pc at Rs 21,317 cr
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February 7, 2026
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SBI Q3 net profit rises 13% to Rs 21,317 crore; capital adequacy and asset quality improved.
State Bank of India reported consolidated net profit of Rs 21,317 crore for Q3 FY26 (up 13.06% yoy) and standalone net profit of Rs 21,028 crore (up 24.48% yoy); standalone total income rose to Rs 1,40,915 crore and expenses to Rs 1,08,052 crore. Gross NPA ratio improved to 1.57% from 1.73% sequentially, provisions increased to Rs 4,507 crore year-on-year, and overall capital adequacy stood at 14.04% with a core buffer of 10.99% as of December 31, 2025.
February 7, 2026
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Divine Drop Festival blends traditional devotional rites with contemporary performances to broaden audience appeal.
The Divine Drop Festival integrated traditional devotional rites-Ganesh Vandana, Hanuman Chalisa, Shiv Tandav and Ganga Aarti-with contemporary performance elements (dance, live band, poetry) to shift devotional gatherings from bhajan-only formats to hybrid spiritual-cultural experiences designed to engage multiple generations.
February 7, 2026
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Maiden Rajya Sabha speech by C Sadanandan Master praised for moral strength, patriotic tone, and focus on Kerala development.
Prime Minister Narendra Modi commended BJP-nominated Rajya Sabha MP C Sadanandan Master for his maiden Upper House speech, praising its moral strength, conviction and calm presentation; noted Sadanandan's display of his artificial limbs and the allegation of a decades-old politically motivated attack; observed the MP's patriotism and focus on Kerala's development and the anticipated benefits to the state from recently presented Budget measures.
February 7, 2026
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India US interim trade framework will reduce compliance burdens and streamline exports for Indian businesses, boosting competitiveness.
The India US interim trade framework is described as a regulatory arrangement to reduce compliance burdens and streamline export procedures by eliminating repetitive testing and aligning standards, thereby lowering transaction costs and facilitating deeper integration of Indian digital products and technology components into global value chains.
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.

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Japanese Prime Minister Sanae Takaichi hopes for big win in national elections

February 8, 2026

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Tokyo, Feb 8 (AP) Polls opened on Sunday in parliamentary elections that Japan's popular Prime Minister Sanae Takaichi hopes will give her struggling party a big enough win to push through an ambitious conservative political agenda.

Takaichi is hugely popular, but the ruling Liberal Democratic Party, which has governed Japan for most of the last seven decades, has struggled with funding and religious scandals. She called Sunday's snap elections only after three months in office, hoping to turn that around before her popularity fades.

She wants to make progress on a right-wing agenda that aims to boost Japan's economy and military capabilities as tensions grow with China. She also wants to nurture ties with her crucial US ally, and a sometimes unpredictable President Donald Trump.

Popular leader poised to win big --------------------------------------- The ultraconservative Takaichi, who took office as Japan's first female leader in October, pledged to “work, work, work,” and her style, which is seen as both playful and tough, has resonated with younger fans.

The latest surveys indicated a landslide win in the lower house for the LDP. The opposition, despite the formation of a new centrist alliance and a rising far-right, is seen as too splintered to be a real challenger.

Takaichi is betting that her LDP party, together with its new partner, the Japan Innovation Party, will secure a majority in the 465-seat lower house, the more powerful of Japan's two-chamber parliament.

Recent surveys by major Japanese newspapers show a possibility that Takaichi's party could win a simple majority on its own, while her coalition could win as many as 300 seats, a big jump from the thin majority it held since a 2024 election loss.

If the LDP fails to win a majority, “I will step down,” she said.

Pushing right-wing policies --------------------------------- A big win by Takaichi's coalition could mean a significant shift to the right in Japan's security, immigration and other policies, with its right-wing partner JIP's leader Hirofumi Yoshimura saying his party will serve as an “accelerator.” Japan has recently seen far-right populists gain ground, such as the anti-globalist and surging nationalist party Sanseito.

Takaichi has pledged to revise security and defence policies by December to bolster Japan's offensive military capabilities, lifting a ban on weapons exports and moving further away from the country's postwar pacifist principles.

She has been pushing for tougher policies on foreigners, anti-espionage and other measures that resonate with a far-right audience, but ones that experts say could undermine civil rights.

Takaichi also wants to increase defence spending in response to Trump's pressure on Japan to loosen its purse strings.

Nation splitting policies' not clearly explainedThough Takaichi said she is seeking the public's mandate for her “nation splitting policies,” she avoided contentious issues such as ways to fund soaring military spending, how to fix diplomatic tension with China and other controversial issues.

In her campaign speeches, Takaichi enthusiastically talked about the need for “proactive” government spending to fund “crisis management investment and growth,” such as measures to strengthen economic security, technology and other industries. Takaichi also seeks to push tougher measures on immigration and foreigners, including stricter requirements for foreign property owners and a cap on foreign residents.

The snap election after only three months in office “underscores a problematic trend in Japanese politics in which political survival takes priority over substantive policy outcomes,” said Masato Kamikubo, a Ritsumeikan University politics professor. “Whenever the government attempts necessary but unpopular reforms ... the next election looms.” The impact of snow and younger voters is uncertain ------------------------------------------------------------- There are some uncertainties. The hastily called election that gave little time for people to prepare has already invited complaints.

Sunday's vote also began under fresh snowfall across the country, including in Tokyo. Record snowfall in northern Japan over the past few weeks, which blocked roads and was blamed for dozens of deaths nationwide, could hinder voting or delay vote counting in hard-hit areas. How her popularity will translate into votes among younger voters, notorious for their low turnout, during bad weather, is unpredictable.

Kazuki Ishihara, 54, said she voted for the LDP for stability and in hopes of something new under Takaichi. “I have some hope that she could do something” her predecessors could not.

A 50-year-old office worker, Yoshinori Tamada, said his interest is wages. “I think a lot when I look at my pay slip, and I cast my vote for a party that I believe I can trust in that regard.” (AP) SKS SKS

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