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February 10, 2026
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India will continue importing crude from cheapest, best-quality sources and pursue interim trade agreements with the US and EU.
Indian oil companies will continue to procure crude from jurisdictions offering the lowest prices and best quality, considering geopolitical factors and excluding sanctioned sources; procurement may include suppliers newly available after sanctions are lifted. Separately, officials reported progress toward an interim India-US trade agreement and an India-EU FTA, describing reciprocal tariff adjustments (notably an 18 percent US tariff on Indian goods) and an aspirational bilateral import objective of USD 500 billion, with finer terms and confidentiality to be resolved.
February 10, 2026
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Opposition moves to remove the Lok Sabha Speaker under Article 94C for alleged partisan conduct in House proceedings.
Opposition parties moved a resolution under Article 94C seeking removal of the Lok Sabha Speaker for allegedly conducting House business in a blatantly partisan manner, citing denial of speaking opportunities, arbitrary suspensions of opposition MPs, failure to discipline a government MP for personalised attacks, and the Speaker's remarks urging the Prime Minister not to attend a reply. The Speaker stepped aside from chairing sittings while the motion is pending; Article 96 and voting limitations for a Speaker during a removal motion are noted, and the motion is slated for consideration when the House reconvenes for budget business.
February 10, 2026
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Peeragarhi triple deaths probe centers on a self-styled mystic; phones seized and forensics pursued amid murder and suicide inquiries.
Investigation into three deaths in a locked car centers on a self-styled mystic with prior acquittals; police cite items at the scene and CCTV showing the mystic in the vehicle, have seized mobile phones for forensic analysis, questioned multiple persons, and are pursuing both murder and suicide lines while awaiting post-mortem and toxicology findings.
February 10, 2026
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Adulterated food sales targeted in crackdown; enforcement, lab testing and licence cancellations for repeat offenders.
Enforcement actions under the Food Safety and Standards Act, 2006 address unsafe, substandard and misbranded dairy products following laboratory testing; offences include marketing non-dairy formulations as paneer and open sale of soya products, with penalties ranging up to licence/registration cancellation for repeat offenders and administrative measures such as shop sealing, FIR registration and prohibition of sale.
February 10, 2026
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Power distribution: HERC pushes modernisation, lower AT&C losses and explores consumer choice amid ARR deficit.
HERC reviewed ARR petitions for 2026-27, noting a projected revenue requirement of Rs 51,156.71 crore and estimated revenue at existing tariffs of Rs 52,761.87 crore (surplus Rs 1,605.16 crore) but a net deficit of Rs 4,484.71 crore after adjusting past revenue gaps; the Commission emphasised reducing AT&C losses, modernising the distribution network, improving consumer satisfaction, avoiding passing unnecessary costs to consumers, and exploring future consumer choice, while holding public hearings to solicit stakeholder input.
February 10, 2026
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Journalist Ravi Nair convicted for criminal defamation over tweets alleged to be false and damaging to Adani Enterprises' reputation.
A magistrate court in Mansa convicted journalist Ravi Nair of criminal defamation after finding that tweets he published contained false and defamatory statements intended to harm Adani Enterprises Ltd's reputation, concluding the publications were not protected as fair comment and that AEL established the essential elements of the offence; the court imposed a custodial term and a fine following a full trial.
February 10, 2026
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Five-day festival in Mizoram promotes entrepreneurship, MSME growth, and job linkage through skills and targeted support.
A five-day state-led festival organised by the Labour, Employment, Skill Development, and Entrepreneurship Department promotes entrepreneurship, MSME development, decentralised economic activity, and market-linked skill acquisition. The event showcases departmental services and programmes, integrates a job fair to connect job seekers and employers, and emphasises hand-holding support for youth, women, and rural communities with priorities on quality, sustainability, and market relevance.
February 10, 2026
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Andhra Pradesh seeks Centre approval for Polavaram project, funding for Phase II and release of Rs 1,211 crore for farm schemes for infrastructure and relief.
Andhra Pradesh seeks revocation of the Polavaram stop work order, reimbursement for canal capacity upgrades, and full central funding for Polavaram Phase II including land acquisition, rehabilitation and embankments; requests approvals and support for the Polavaram Nallamala Sagar Link Project; and urges gazette notification of the Vamsadhara tribunal report and constitution of a Godavari Water Disputes Tribunal to resolve interstate water sharing.
February 10, 2026
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DGCA orders special safety audit of non-scheduled flight operators after fatal VSR Ventures Learjet crash.
DGCA ordered a special safety audit of non-scheduled flight operators, including VSR Ventures, directed on February 2, commencing February 4 and conducted in a phased manner covering VSR Ventures and 14 other non-scheduled operators through February 25, as regulatory oversight pending the Aircraft Accident Investigation Bureau's probe of the January 28 Learjet 45 crash (VT-SSK).
February 10, 2026
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Lok Sabha resumes Budget debate after stalemate; 18-hour debate set amid Speaker removal notice and member suspensions.
Lok Sabha resumed the Union Budget debate after a stalemate, with Shashi Tharoor opening debate and the Business Advisory Committee allocating 18 hours; the Finance Minister is expected to respond later in the week. The resumption followed opposition notices seeking the Speaker's removal and came in the wake of repeated disruptions since February 2 that led to the suspension of eight members, prevented the Prime Minister from replying to the Motion of Thanks, and resulted in over 19 hours of lost House time.
February 10, 2026
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Haryana solarisation drive: officials ordered time-bound PM-KUSUM rollout and rooftop solar on government buildings and feed surplus power into grid.
The Chief Minister ordered time-bound acceleration of PM-KUSUM implementation and solarisation of agricultural pumps, requiring surplus power from those pumps to be fed into the government grid and fast-tracking rooftop solar installation on government buildings and infrastructure, with deputy commissioners tasked to actively monitor and expedite implementation.
February 10, 2026
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Delhi LakhpatiBitiya Yojna provides phased, education linked cash deposits into Aadhaar linked accounts for eligible girls.
The Delhi LakhpatiBitiya Yojna replaces the Ladli scheme, offering up to Rs 56,000 per girl in phased, education linked instalments invested to accrue interest and paid into Aadhaar linked accounts at maturity. Eligibility: girls born in Delhi, three year city residency, family income Rs 1.20 lakh, maximum two surviving girls per family, with registration at birth or specified educational entry points. Instalments and maturity conditions are tied to specific class admissions and graduation; unclaimed or non compliant amounts revert to the government.
February 10, 2026
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IRCTC scam: prosecution alleges decade-long conspiracy, quid pro quo and corruption leading to charges under anti-corruption and criminal laws.
Prosecution opposes challenges to framing of charges in the IRCTC matter, alleging a decade-long criminal conspiracy and quid pro quo that caused loss to the exchequer through a manipulated tender process and undervalued land transfers. Charges include corruption, criminal conspiracy and cheating under the penal code and provisions of the Prevention of Corruption Act for criminal misconduct and abuse of position by a public servant, forming the basis for continued prosecution.
February 10, 2026
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India-US trade deal seen as coerced opening; concessions may erode India's textile advantage versus Bangladesh.
The India-US trade arrangement is described as a coerced opening in which India conceded more than it obtained, and a US-Bangladesh textile understanding-reducing tariffs and exempting certain goods made with US materials from reciprocal tariffs-is said to have erased India's competitive advantage in US textile markets.
February 10, 2026
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Mizoram to table the 2026-27 state budget and supplementary grants on February 26 during a month-long assembly session.
Presentation of the state budget is scheduled for February 26, when the Chief Minister holding the Finance portfolio will table the 2026-27 budget and supplementary grants for 2025-26. The budget session runs February 17-March 16 with 17 sittings, opening with the Governor's address. The secretariat has listed 946 starred and 339 unstarred questions for Question Hour, and three amendment bills, including amendments to marriage, inheritance and local bodies, are slated for presentation.
February 10, 2026
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AB InBev to procure over 16,000 tons of barley in 2026 to strengthen supply chains and farmer partnerships.
AB InBev India will procure over 16,000 tons of domestically grown barley in 2026 through the SmartBarley programme, engaging over 2,000 farmers, increasing per-farmer malt-quality land allocation, and pairing purchases with science-based agronomy, regenerative practices, R&D trials and digital tools to strengthen supply-chain resilience and market access.
February 10, 2026
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US stocks drift near records as mixed earnings and Fed rate expectations shape market direction this week.
US equities traded near record highs amid mixed corporate earnings and lower Treasury yields after retail results signalled softer consumer spending; upcoming employment and consumer inflation reports were identified as pivotal for Federal Reserve decisions on the timing of interest-rate cuts. Company earnings and forecasts produced divergent stock moves-Hasbro and DuPont beat expectations while Coca-Cola and S&P Global fell-and Paramount's revised takeover terms influenced sector activity alongside record gains in Japan's Nikkei on prospective fiscal measures.
February 10, 2026
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Rupee gains 10 paise to 90.56 against US dollar amid equity support and softer dollar.
Rupee strengthened by 10 paise to settle at 90.56 against the US dollar, driven by domestic equity support and foreign fund inflows while constrained by geopolitical tensions and importer dollar demand; intraday range recorded between 90.77 and 90.48 and USDINR expected to trade in a 90.30-90.80 band ahead of US employment data.
February 10, 2026
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Odisha industrial approvals: 23 projects worth Rs 4,111.80 crore approved, spanning multiple sectors and creating nearly 10,000 jobs.
The State Level Single Window Clearance Authority approved 23 industrial proposals totalling Rs 4,111.80 crore across multiple sectors to be implemented in 11 districts, expected to create nearly 10,000 jobs. Notable approvals include five-star hotels in Khurda and Puri, a railway component manufacturing unit, a multi-drone manufacturing centre, a shipbuilding and ship-repair facility, and apparel and pharmaceutical manufacturing units.
February 10, 2026
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Notice to remove Speaker Om Birla alleges blatantly partisan conduct and abuse of office under Article 94(c) of the Constitution.
Opposition parties filed a notice under Article 94(c) seeking removal of the Lok Sabha Speaker for alleged blatant partisanship and abuse of office, citing denial of speaking rights during the Motion of Thanks, suspension of eight MPs, tolerance of personalised attacks by a ruling party MP, and derogatory statements from the Chair; the notice was submitted to the Secretary General for examination and the Speaker abstained from presiding until the matter is settled.

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KRAFTON RECORDS ANNUAL REVENUE OF KRW 3.3266 TRILLION IN 2025

February 9, 2026

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Bengaluru (Karnataka) [India], February 09: KRAFTON, Inc. today announced its full-year and fourth-quarter earnings for 2025 in its investor relations (IR) briefing. Annual revenue of KRW 3.3266 trillion, operating profit at KRW 1.0544 trillion - Record-high annual revenue driven by PUBG IP Franchise double-digit growth - New titles inZOI and MIMESIS surpassed one million sales each; 15 new projects in development - To secure mid- to long-term growth centered on core gaming business and Franchise IPs with long-term PLCs Based on consolidated financial statements prepared in accordance with Korean International Financial Reporting Standards (K-IFRS), KRAFTON reported annual revenue of KRW 3.3266 trillion and operating profit of KRW 1.0544 trillion in 2025. Annual revenue increased by KRW 616.8 billion (+22.8%) year-over-year, surpassing KRW 3 trillion for the first time in company history and marking an all-time high. Annual operating profit also exceeded KRW 1 trillion once again. Key Performance Highlights for FY 2025 Annual revenue by business segment recorded KRW 1.1846 trillion from PC, KRW 1.7407 trillion from mobile, KRW 42.8 billion from console, and KRW 358.5 billion from others. On PC platforms, the PUBG: BATTLEGROUNDS IP reached its highest annual revenue, having recorded 16% year-over-year growth. User engagement and traffic increased, as cultural elements were incorporated into gameplay via major collaborations with global artists and luxury brands, alongside diversified game modes. The November collaboration with luxury automaker Porsche particularly delivered the strongest performance among all supercar collaborations in PUBG history. inZOI and MIMESIS also contributed to revenue growth as they both surpassed one million units sold each since launching in March and October, respectively. With this, fourth quarter PC revenue reached KRW 287.4 billion, up roughly 24% year-over-year. On mobile, PUBG MOBILE continued to record growth by steadily expanding its core fanbase through new themed modes and World of Wonder (WoW) UGC updates. Additional growth was supported by cross-platform collaborations with PUBG PC and console, reinforcing a virtuous cycle across the broader PUBG IP Franchise and generating long-term growth momentum. BATTLEGROUNDS MOBILE INDIA (BGMI) also maintained stable performance, solidifying its position as a national game through India-exclusive skins, customized premium items, and strategic partnerships with well-known local brands. Compared to 2024, the number of paying users for PUBG MOBILE and BGMI increased by 5% and 27%, respectively. Other revenue surged 963% year-over-year, as it included the consolidated performance of ADK Group (ADK) and Neptune. Meanwhile, fourth quarter revenue totaled KRW 919.7 billion. A one-time expense of KRW 81.6 billion relating to a joint labor welfare fund covering the next four years—in line with the company’s plans to relocate to its new headquarters in Seongsu, Korea—was reflected in the quarter’s operating profit, recording KRW 2.4 billion. Business St​rategy for 2026 Building on its core gaming business, KRAFTON outlined a strategic vision focused on expanding Franchise IPs with long-term PLCs (Product Life Cycles) and leading future-facing AI innovation. The PUBG IP Franchise will continue to deliver double-digit growth, supported by strong traffic and robust live service operations. On PC and console, KRAFTON will provide culturally enhanced experiences through collaborations with globally renowned IPs, while creating synergy across the franchise through shared content. In parallel, PUBG will evolve as a PUBG 2.0 gameplay platform, driven by an upgrade to Unreal Engine 5, expanded game modes, and UGC updates. The company will also continue to diversify genres and platforms, targeting wider generations and regions through new titles based on the PUBG IP. Key projects include the extraction shooter Black Budget, the top-down tactical shooter PUBG: BLINDSPOT, and the console battle royale Valor. Under its mid- to long-term strategy centered on Big Franchise IPs, KRAFTON is focusing resources on scaling titles into long-term PLC franchises. inZOI, Last Epoch, and MIMESIS are aimed to become genre-leading IPs through continued improvements in game quality, enhanced live service operations, and diversified content offerings. To secure new Big Franchise IPs, KRAFTON will explore large-scale M&A opportunities targeted at generating immediate financial performance, while also pursuing small- to mid-scale M&A transactions to boost value by securing IPs with high growth potential. The company is also advancing strategic equity investments and second-party publishing (2PP) of teams with projects nearing release or demonstrated development capabilities. In terms of first-party production, KRAFTON is developing 15 new projects supported by newly recruited creative leadership and elite, small-scale teams. KRAFTON plans to further expand its development pipeline through its learn-fast, scale-up approach. In line with this strategy, new titles such as Subnautica 2, Palworld Mobile, Dinkum Together, and NO LAW are gearing up for launch as KRAFTON strengthens its IP lineup across a wide range of genres and platforms. Moreover, KRAFTON plans to expand its business scope and boost its fundamental competitiveness by leveraging its accumulated expertise and assets from its gaming business. The company will focus on delivering new gameplay experiences powered by AI and innovation across production and live service operations, as part of its “AI for Games” initiative. Over the mid- to long-term, KRAFTON will consider opportunities to extend into new frontiers such as physical AI under its “Game for AI” initiative, building on its capabilities and technologies in gaming. At the same time, KRAFTON will explore adjacent new business areas based on gaming synergy. With ADK, KRAFTON aims to maximize IP PLCs by linking games and animations, while improving marketing efficiency in the Japanese market. Neptune will leverage its advertising technology to expand KRAFTON’s influence in India and use traffic from core titles such as BGMI to unfold India-focused advertising business opportunities. Current year’s performance (2025) Previous year’s performance (2024) Current performance (Q4 2025) Revenue 33,266 27,098 9,197 Operating Profit 10,544 11,825 24 Table Description: Based on Krafton’s consolidated financial statements, operating (provisional) results for the fourth quarter of 2025 (unit: 100 million won) About KRAFTON, Inc. Headquartered in Korea, KRAFTON, Inc. is dedicated to discovering and publishing captivating games that offer fun and unique experiences. Established in 2007, KRAFTON is built on a global network of 19 creative studios that include PUBG STUDIOS, Striking Distance Studios, Unknown Worlds, Neon Giant, KRAFTON Montréal Studio, Bluehole Studio, RisingWings, 5minlab, Dreamotion, ReLU Games, Flyway Games, Tango Gameworks, inZOI Studio, JOFSOFT, Eleventh Hour Games, OmniCraft Labs, Olivetree Games, Loonshot Games, and 9B STUDIO. Each independent studio strives to continuously take on new challenges and leverage innovative technologies. Their goal is to win over more fans by broadening KRAFTON’s platforms and services. KRAFTON is responsible for premier game IPs, including PUBG: BATTLEGROUNDS, PUBG MOBILE, PUBG: BLINDSPOT, inZOI, Subnautica, MIMESIS, Hi-Fi Rush, Dinkum, TERA, My Little Puppy, and more. With a passionate and driven team across the globe, KRAFTON is a tech-forward company with world-class development capabilities, continuously exploring new possibilities that enhance the gameplay experience — including AI and other emerging technologies. For more information, visit www.krafton.com. About KRAFTON India In India, KRAFTON is responsible for premier mobile games, including BATTLEGROUNDS MOBILE INDIA (BGMI), which has surpassed 250 million downloads, Bullet Echo India, Road To Valor: Empires, and CookieRun India, among others. Committed to enhancing the start-up ecosystem in India, KRAFTON has invested over $200 million in several Indian startups across interactive entertainment, gaming, Esports, and technology since 2021. KRAFTON actively supports India’s game development ecosystem through its KRAFTON India Gaming Incubator. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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