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    Ahmedabad University Announces Institute of Manufacturing and Economy at R&D Conclave on the Changing Nature of Innovation
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February 9, 2026
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Ahmedabad University launches Institute of Manufacturing and Economy to boost industry-academia collaboration and manufacturing innovation.
Ahmedabad University announced the Institute of Manufacturing and Economy to promote integrated responses to productivity, technology adoption, workforce readiness, supply chain coordination and research translation in manufacturing. The Institute will pursue applied research, postgraduate and executive education, SME clinics, startup support, and policy and competitiveness reporting, leveraging university laboratories, prototyping facilities, incubation platforms and computing infrastructure to collaborate with industry and government and strengthen industry-academia collaboration.
February 9, 2026
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Lok Sabha adjourned after a standoff over Rahul Gandhi's demand to speak before the Budget debate.
Lok Sabha was adjourned after a standoff over whether the Leader of the Opposition should be allowed to speak before the Union Budget debate. The Chair declined to permit a prior LoP intervention, citing no notice or agreement, and government representatives disputed any arrangement. The impasse, following earlier adjournments that day, occurred amid prior disruptions including the LoP being disallowed from quoting an unpublished memoir and the Motion of Thanks proceeding without the Prime Minister's customary reply.
February 9, 2026
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Competition Commission of India reforms enable faster M&A approvals, global turnover based penalties and AI competition safeguards for antitrust cases.
Reforms adopt global turnover based penalty calculation implemented via detailed penalty guidelines; reduce merger review timelines from 210 to 150 days; introduce a settlement and commitment framework and a Green Channel route for deemed approval; and the Commission's AI market study identifies concentration, lock in, algorithmic collusion and self preferencing risks, recommending self audits, transparency, advocacy, policy support and inter regulatory cooperation.
February 9, 2026
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AI music therapy for cancer patients offers patented adaptive pain relief with clinical validation and investor backing.
Mindful Gurukul's Skitii is a patented AI-driven music therapy medical device that combines proprietary algorithms and continuous biometric monitoring to deliver adaptive therapeutic music; clinical validation reported significant pain reduction, Indian patents secured with international PCT filings, CDSCO Class B approval in progress, DPIIT recognition, and Rs. 4 crore committed by a US angel investor to support global scale and integration into oncology care.
February 9, 2026
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Markets rally as India-US trade deal optimism and PSU bank buying lift Sensex to 84,065.75; FIIs net buyers.
Equity benchmarks rose as India-US trade deal optimism and strong public sector bank buying lifted the Sensex to 84,065.75 and the Nifty to 25,867.30. FIIs purchased equities worth Rs 1,950.77 crore, with gains concentrated in consumer durables, realty, cement, capital goods and consumer discretionary sectors while some large-cap IT and private banks underperformed.
February 9, 2026
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KRAFTON records KRW 3.3266 trillion annual revenue and plans franchise expansion, AI innovation, and M&A.
KRAFTON's consolidated FY2025 results under K-IFRS show annual revenue of KRW 3.3266 trillion and operating profit of KRW 1.0544 trillion, with Q4 revenue KRW 919.7 billion and a KRW 81.6 billion one-time labor welfare expense reducing quarterly operating profit. PC delivered KRW 1.1846 trillion and mobile KRW 1.7407 trillion; other revenue rose due to ADK and Neptune consolidation. The company plans 2026 growth through scaling Franchise IPs, AI-led production and live services, targeted M&A, strategic investments, 2PP, and a 15-project first-party pipeline.
February 9, 2026
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HDFC Life and Muthoot FinCorp partner to distribute life insurance via branches and digital channels to expand coverage.
HDFC Life and Muthoot FinCorp have formed a distribution partnership to offer HDFC Life's group and individual life insurance products, including protection and long-term savings solutions, via Muthoot FinCorp's branch network and digital platform, leveraging HDFC Life's product and risk expertise and digitally integrated sales processes to expand insurance access and financial inclusion in semi-urban and rural markets.
February 9, 2026
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JK Cement Bikaner grinding unit: 2 MTPA capacity, INR 500 crore investment, construction Feb 2026, production March 2027.
JK Cement has commenced Bhoomi Poojan for a 2 MTPA grinding unit in Bikaner on 100 acres along the Jaipur-Bikaner highway, with an approximate INR 500 crore investment. Construction is to begin February 2026 and commercial production is projected by March 2027. The facility is intended to shorten distribution lead times across Rajasthan, enable 24-hour deliveries to most locations, deepen the company's market presence, and generate direct and indirect employment while fostering ancillary industry development.
February 9, 2026
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India-US interim trade framework cuts tariffs and includes $500bn purchase intentions, coinciding with rupee volatility and market moves.
The interim trade framework will see the US reduce tariffs on Indian goods to 18% from roughly 50%, while India will eliminate or lower import duties on US industrial goods and a broad range of American food and agricultural products; India also expressed intent to purchase USD 500 billion of specified US goods over five years. The announcement coincided with rupee volatility, which settled at 90.74 per USD, amid equity gains, foreign inflows and a rise in forex reserves to USD 723.774 billion.
February 9, 2026
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Investment scam victims protest over Rs 1,200 crore fraud, demand probe, restitution and asset seizure transparency.
Three accused associated with Trade with Jazz were arrested after an alleged scheme promising 4% monthly returns defrauded about 11,000 investors of roughly Rs 1,200 crore; authorities have invoked depositor protection and criminal provisions, while protesters demand an expedited probe, restitution and point to minimal asset seizures of about Rs 12 lakh.
February 9, 2026
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Union Budget supports MSME credit and artisanal schemes, boosts electronics and textile manufacturing, and promotes AI and GCC growth.
The 2026-27 Union Budget provisions focus on MSME support through a Rs 10,000 crore credit and institutional package and include the Mahatma Gandhi Gram Swaraj Yojana for handloom and handicrafts. Sectoral emphasis is placed on electronics manufacturing, textile parks to boost trade opportunities, AI engagement via an upcoming summit, and expansion of Global Capability Centres to increase employment and revenue.
February 9, 2026
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India 2030 Leadership Conclave returns to Mumbai on 6 April to convene leaders on growth and launch The Power Chair.
The ninth India 2030 Leadership Conclave will convene on 6 April 2026 in Mumbai to host sectoral discussions on India's next growth supercycle, institutional leadership, enterprise innovation and brand trust, include a Business & Brand Excellence Awards night, and launch the digital initiative 'India 2030: The Power Chair' as a year round platform seeded by 15 minute agenda setting sessions evolving into longer podcast dialogues; registration and sponsorship information are provided through a web form and contact email.
February 9, 2026
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Outreach OPD services in Bongaon connect residents to specialist care, prevention, and early diagnosis through local seminars and referral links.
Manipal Hospital Whitefield and Varthur Road launched New Outreach OPD Services in Bongaon with an Information Centre to provide patient guidance and referral pathways to specialised care; the accompanying seminar emphasized prevention, early diagnosis, lifestyle modification, and accessible specialist intervention for cardiovascular, gastrointestinal, orthopaedic, and spine disorders.
February 9, 2026
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IIFL Capital received SEBI nod to form an IFSC subsidiary to serve global investors and enable cross-border investment flows.
SEBI issued a No Objection for IIFL Capital to form a Wholly Owned Subsidiary at GIFT IFSC to carry out permitted financial services and capital market activities as a separate legal entity, subject to remaining statutory and regulatory approvals and operational clearances.
February 9, 2026
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Breach of privilege notice over announcing Indo US trade deal details outside Parliament during a sitting.
DMK MP Tiruchi Siva lodged a breach of privilege notice against Commerce Minister Piyush Goyal for announcing details of the Indo US trade framework to the media while Parliament was in session, asserting such external disclosure contravenes parliamentary practice and amounts to a breach of the House's privilege; the Chairman noted Goyal had earlier made a statement in the House and said the matter would be examined later while proceeding with the day's business.
February 9, 2026
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EPF withdrawals to be enabled via UPI in new EPFO app, with portion frozen and auto-settlement expanded.
EPFO will deploy a mobile application allowing members to transfer an eligible portion of their EPF balance to their seeded bank accounts via UPI, authenticated by the member's UPI PIN, while a proportion of the balance remains frozen and existing portals remain operational.
February 9, 2026
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Rahul Gandhi urges revocation of eight MPs' suspensions to break Lok Sabha stalemate and demand right to speak.
Opposition leaders urged the Lok Sabha Speaker to allow the Leader of the Opposition to speak before the Budget discussion and to revoke the suspension of eight opposition MPs, citing those suspensions and related conduct complaints as the cause of repeated disruptions. The Speaker had earlier restricted interventions based on information alleging risk of disorder and unexpected acts, framing the issue as one of Chair authority, parliamentary discipline, and resumption of proceedings on the Motion of Thanks and Budget debate.
February 9, 2026
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Jammu and Kashmir plans hydro capacity growth to 7,314.85 MW; a delayed IPP project faces default proceedings and policy review.
Jammu and Kashmir plans installed hydro capacity of 7,314.85 MW by 2030-31 via 3,704.5 MW of additions from eight proposed and six under construction projects. The Ans (Nandoli) project faces delay due to IPP non performance; a notice of default was issued, the IPP submitted a DPR and a financial analysis citing a Rs 7.30/kWh levelized tariff and seeks exit and premium refund; the State Power Development Corporation is considering the matter under the implementation agreement and Hydro Electric Power Policy 2011. Electrification gaps in certain habitations are being addressed under the DA JGUA scheme with new DPRs.
February 9, 2026
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Agricultural carbon markets must protect farmers through revenue transparency, yield protection, and independent verification.
Agricultural carbon markets in India emphasize financial efficiency and credit volumes over farmer welfare, creating risks from underreported yield declines and intermediary value capture; standards like VM0042 bar certification where reduced fertilizer causes yield loss. Soil methods such as biochar are context-dependent and require multi-year, large-scale field evidence before crediting. The dairy sector is an untapped mitigation opportunity needing India-specific methodologies and scalable pilots. Recommended reforms include mandated revenue transparency, farmer-first contracts, independent yield monitoring with compensation, publicly funded trials, corporate co-financing for research, and stronger public oversight to protect farmers.
February 9, 2026
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Digital Twin solution shifts facility management to proactive BIM- and data-driven asset management demonstrating WELL-aligned performance monitoring.
Neilsoft and RSP developed a Predictive Digital Twin for a United World College campus, shifting facility management to a proactive BIM- and data-analytics-driven asset management model for operations, demonstrating monitoring, visualization and optimisation aligned to seven WELL Building Standard concepts and planning a dedicated Digital Twin Practice for large projects.

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altM Launches Integrated Biorefinery Pilot to Advance Post-Petrochemical Materials

February 9, 2026

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BENGALURU, India, Feb. 9, 2026 /PRNewswire/ -- altM, a deep-tech materials company developing sustainable alternatives to fossil-derived chemicals, today announced the launch of its fully integrated biorefinery pilot plant in Bengaluru, marking its transition from laboratory R&D to pilot-scale manufacturing. The facility validates the company's ability to produce industrial-grade, bio-derived materials with drop-in compatibility across existing manufacturing systems. While modern manufacturing relies on a narrow set of petrochemical inputs, nature builds strength, flexibility, and durability using a far simpler molecular toolkit. altM is translating that toolkit into high-performance materials for a post-petrochemical world. The pilot plant operates at 15–50 tons per annum, enabling altM to scale production from kilograms to tons while testing throughput, yield, quality, and unit economics under real industrial conditions. Initial materials produced at the facility are already being evaluated across cosmetics, wood adhesives, and construction inputs, some of the most performance-sensitive and petrochemical-dependent sectors. "This pilot is about proving that bio-based materials can meet industrial performance expectations and commercial requirements at scale. Our focus is not demonstration chemistry, but manufacturable materials that integrate seamlessly into existing value chains. This plant is the proof point that sustainable, low-carbon materials can be produced at scale and make economic sense. The climate transition will only happen when sustainable materials outperform incumbents on cost and scalability," said Apoorv Garg, CEO & Co-Founder, altM. altM's integrated biorefinery produces multiple functional materials from a single system, including a cellulose-based rheology modifier, a 100% formaldehyde-free lignin wood adhesive, and a lignin-based UV blocker. By utilizing all fractions of the biomass within one process, the company improves yields, unit economics, and scalability. "The real challenge with bio-based materials is execution at scale. This pilot plant allows us to stress-test operations, refine process controls, and build the manufacturing discipline required for commercial deployment. We've designed a facility that is capital-efficient, repeatable, and robust under real-world conditions. Now we're translating years of R&D into consistent, reliable production", said Yugal Raj Jain, COO & Co-Founder, altM. The pilot facility is expected to generate early commercial revenue from Q1 2026. altM plans to commission its first commercial manufacturing plant (1,500–2,000 TPA) in 2027, with a roadmap to 10,000 TPA within five years supported by a decentralized production model. About altM altM is a materials innovation company building the next generation of sustainable, circular, and bio-based chemistry. Using agricultural residue as feedstock, altM develops high-performance alternatives to fossil-based chemicals for industries including cosmetics, coatings, and wood products. Its proprietary integrated biorefinery platform ensures that every component of the biomass is utilized to create value, enabling both environmental and economic sustainability at industrial scale. altM raised $3.5 million in a seed round led by Omnivore in August 2023, supplemented by grants from organizations including BII and ACT. For more information, visit: https://www.altm.bio/ For the Editors: For images, background research, and social assets, please view the press kit: https://drive.google.com/drive/folders/1WmadC9h3UMrpfP5V-KlGprE6DyTMCF8N?usp=drive_link Photo: 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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