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    Rupee rises 9 paise to close at 90.57 against US dollar
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February 10, 2026
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Rupee gains to 90.57 amid equity inflows and weak dollar, offset by geopolitical tensions and importer dollar demand.
Rupee settled stronger by 9 paise at 90.57 against the US dollar after intraday trading between 90.48 and 90.77, supported by domestic equity gains and foreign inflows but capped by geopolitical tensions and importer dollar demand; market views expect a slight positive bias tempered by external risks and upcoming US economic data.
February 10, 2026
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Lok Sabha disruptions escalated after opposition incursions onto the treasury benches, prompting petitions and member suspensions.
Parliamentary discipline measures and petitions followed disruptions when opposition members advanced onto the treasury benches during the Motion of Thanks; BJP ministers said ruling party MPs were restrained from confronting them to preserve House dignity. The BJP's women MPs submitted a letter urging the Speaker to take the strongest action for alleged incursions, climbing of furniture and siege of the prime minister's seat. The Motion of Thanks proceeded without the prime minister's speech, and eight opposition members were suspended for the remainder of the Budget session for unruly behaviour.
February 10, 2026
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MIDASX posts 30% quarterly revenue growth; SaaS reaches breakeven and multi asset marketplace expands and scales operations.
MIDASX recorded 30% revenue growth in Q3 FY25-26 while its SaaS division reached breakeven, signaling cash flow positivity and enhanced unit economics. The company launched a B2B2C multi asset marketplace covering mutual funds, equities, debt and alternative products, onboarded 250+ IFAs, expanded headcount and opened a new Mumbai office, and plans to scale marketplace supply, add product manufacturers, expand AI workflows, and run nationwide events.
February 10, 2026
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Tirupati laddu ghee adulteration probe leads to money laundering case under PMLA over alleged illicit proceeds.
Enforcement Directorate registered a probe under the Prevention of Money Laundering Act into alleged proceeds of crime from a ghee adulteration scheme tied to Tirupati laddu production. The ED is examining the FIR and chargesheet from a CBI-led SIT that named 36 accused, and is investigating alleged hawala dealings, fund diversion and other financial channels used to generate or conceal illicit funds from the supply of chemically processed oil sold as ghee, valued at about Rs 250 crore.
February 10, 2026
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Advance search notice may allow destruction of electronic evidence, risking and hampering tax investigations in the digital age.
Challenge to search and seizure powers under Section 132 raises that prior notice may allow destruction of electronic evidence, risking investigative defeat, while petitioners assert excessive authority and third-party exposure; the court deferred further hearing and observed the powers are not uncontrolled.
February 10, 2026
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Andhra Pradesh exempts stamp duty and registration fees to facilitate BPCL refinery land transfers near Ramayapatnam Port.
The government exempted stamp duty of about Rs 17.6 crore and registration fees of about Rs 2.72 crore for transfer of 600.4 acres from APMB to APIIC and then to BPCL to facilitate a greenfield refinery, as part of incentives under the Andhra Pradesh Industrial Development Policy 4.0; the GO notes a valuation discrepancy between the registration authority and APIIC and treats the waived amounts as foregone state revenue.
February 10, 2026
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ACT Fibernet's AI SmartWiFi improved in-home broadband speeds, reduced support calls, and optimized device connectivity at scale.
ACT Fibernet's AI-powered ACT SmartWiFi , developed with Aprecomm, automatically optimizes in-home Wi Fi by steering smart TVs, laptops, and mobile devices to optimal channels, producing rapid measurable gains in throughput and stability; initial deployment across 250,000 homes yielded an average threefold speed increase and, at broader scale, reduced support calls and latency while improving video conferencing and streaming performance.
February 10, 2026
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Merck Tagore Award honours Lars Christian Koch for advancing Indo German cultural exchange on Tagore's musical legacy.
Merck India and the Goethe Institut / Max Mueller Bhavan India granted the sixth Merck Tagore Award to Professor Dr. Lars Christian Koch for his sustained contributions to Indo German cultural exchange concerning Rabindranath Tagore. The award, sponsored by Merck India and administered by the Goethe Institut, is part of Merck's global literary prizes and recognises writers and scholars who deepen cultural ties between Germany and India.
February 10, 2026
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Corporate India is rapidly scaling net-zero strategies and turning to sustainable finance and carbon markets to fund decarbonisation.
Corporate India shows broad confidence in achieving net-zero objectives, with most surveyed firms adopting net-zero strategies and increasing investments in emissions-reduction solutions. Sustainable finance-particularly green and sustainability-linked bonds and loans-is identified as a primary mechanism to mobilise capital for the transition, while carbon markets are expected to complement direct emissions reductions. Significant additional annual investment will be required, and enablers include scaling local manufacturing, expanding government support, and strengthening the financial sector's role in offering sustainable finance.
February 10, 2026
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IIFL Finance wins 'Changemakers 2026' award for cybersecurity excellence, strengthening digital trust and driving innovation.
IIFL Finance received the 'Changemakers 2026' award for its comprehensive cybersecurity framework that integrates advanced threat detection, continuous monitoring, intelligent automation and a zero trust mindset. Cybersecurity is embedded across technology architecture, product design and business processes as a security by design approach. The Company links ongoing investments in next generation security technologies, employee training and global partnerships to strengthen resilience, protect customer data and align technological innovation with governance and risk management.
February 10, 2026
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Japan's election may enable fiscal loosening and tax relief, influencing markets and central bank interest-rate expectations.
Japan's election gave the new administration capacity to implement fiscal loosening through tax relief and growth-oriented investment spending, measures noted by market commentators. These fiscal expectations have affected equity and currency markets, while upcoming U.S. jobs and consumer inflation reports may alter Federal Reserve interest-rate expectations and thus influence cross-border asset valuations and market stability.
February 10, 2026
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IBS selection process for MBA/PGPM uses a Micro Presentation and Personal Interview; apply with valid test scores by Feb 14.
ICFAI Business School's selection for the 2 year MBA/PGPM comprises a timed Micro Presentation (one minute preparation, three minutes total) and a Personal Interview assessing profile, goals and program fit; applicants must apply with valid CAT/XAT/NMAT/GMAT scores by the stated deadline and selection emphasises communication, structured thought, practical orientation and awareness of current affairs.
February 10, 2026
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Shriram Life debuts AI-created Rahul Dravid ads promoting the Flexi Shield plan's adjustable cover, premium holidays, and terminal illness advance.
Shriram Life used advanced AI to produce multilingual advertisements featuring Rahul Dravid, promoting the Flexi Shield term plan that allows customers to increase or decrease cover, take premium holidays, and receive 50% of the sum assured upfront on terminal illness while the policy continues without further premiums; the campaign emphasizes AI-enabled localized production and targeted regional marketing.
February 10, 2026
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Jewelry-watch hybrids for women combining jewelry aesthetics and reliable timekeeping, priced under Rs. 3,000 and sold direct-to-consumer.
Canon Quartz launched the Serenite Collection, a women's jewelry-watch range priced under Rs. 3,000 that combines jewelry aesthetics with everyday timekeeping. The line features balanced proportions, interchangeable straps, sapphire crystal elements, a curated colour palette, and reliable Japanese movements backed by 28 years of brand heritage. Positioned for Gen Z and millennial women, the collection is sold direct-to-consumer through canonquartz.com and Eternz.com to deliver jewelry-grade design at accessible pricing by bypassing traditional retail markups.
February 10, 2026
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APAC engineers accelerate AI adoption, prioritizing reliability, Edge AI integration, and addressing data and maintenance challenges.
APAC engineers are accelerating commercial scale AI integration-led by China's large scale deployments and Japan's emphasis on reliability-targeting applications like process automation, predictive maintenance, and anomaly detection while combining Edge AI and machine learning. Persistent challenges of data quality and continuous maintenance are driving investment in model optimization and data analysis to enable reliable, cost and power constrained deployments, with the survey of 1,200 engineers informing industry support strategies for semiconductor, design, and supply chain solutions.
February 10, 2026
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India private equity buyouts expand, emphasizing control-led investments, governance, structured financing and exit planning for scalable value creation.
The IVCA Buyouts Summit 2026 convenes market participants to examine how control capital is deployed and scaled in India, focusing on investment strategies for control transactions, governance and leadership transitions, operational value-creation, capital structuring (including leverage and private credit), and credible exit pathways. The forum emphasises practical experience sharing on structuring and running buyouts, the role of policy certainty and governance standards, and the institutional frameworks required to sustain and integrate large-scale control-led transactions into global private equity portfolios.
February 10, 2026
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Embassy Developments posts ~240% QoQ pre-sales growth; key RERA approvals and an occupancy certificate bolster FY26 outlook.
Embassy Developments recorded ~240% QoQ pre-sales growth to ~INR 1,392 crore and strong bookings and collections, launched multiple high-GDV residential and commercial projects, and achieved key RERA approvals plus an Occupancy Certificate for 239 senior-living units; management highlights prudent leverage, cash reserves, an estimated project surplus and a net operational cash margin while cautioning that forward-looking statements are subject to economic, regulatory and execution risks.
February 10, 2026
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Singhasan triple win strengthens Indian spirits' global recognition, supporting premiumisation, quality benchmarking and international market access.
Singhasan won three top distinctions at the World Drink Awards 2026, reflecting competitive performance in the Indian blended spirits category and signalling enhanced global recognition. Determined through blind tastings by an independent expert panel, the awards highlight Modi Illva's positioning through investment in craftsmanship, alignment with international quality benchmarks, and the influential role of independent competitions in driving trade confidence and distribution opportunities.
February 10, 2026
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State Budget presentation set by the Finance Minister as an inclusive, sector-spanning fiscal proposal for the coming year.
The Finance Minister will present the state Budget in the Assembly, marking her third consecutive annual Budget; the presentation initiates consideration of proposed expenditures and allocations for the forthcoming fiscal year during the ongoing Budget session and is described by officials as inclusive, covering multiple sectors and targeting youth, farmers, women and other social groups.
February 10, 2026
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PayU inFINity 3.0 accelerator offers fintech startups market access, compliance support, AWS credits, and investor connections.
inFINity 3.0 is a four-week fintech accelerator providing startups with structured access to PayU's payments infrastructure, merchant and banking partners, focused mentorship on Go To Market strategy and regulatory compliance, and Demo Day investor connections. Selected participants gain exposure to Atrium Ventures for potential early institutional capital and may receive up to $10,000 in AWS Activate credits subject to eligibility and credit-application timelines. Eligibility is limited to early-stage fintech startups seeking seed to Series A funding with less than $5 million raised.

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Ahmedabad University Announces Institute of Manufacturing and Economy at R&D Conclave on the Changing Nature of Innovation

February 9, 2026

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Ahmedabad, Gujarat, India (NewsVoir) India stands at a critical juncture, with manufacturing expected to drive the next phase of growth and development. Recent Free Trade Agreements are expected to intensify global competition while opening new opportunities for Indian firms to integrate into global markets. At the same time, India’s development trajectory will require increasing manufacturing’s contribution to GDP from about 15 percent to 25 percent, while addressing a dual challenge of leading in innovation-driven, technology-intensive manufacturing and enabling labour-intensive enterprises to achieve high productivity and create jobs.

These imperatives formed the backdrop to the R&D Conclave on the Changing Nature of Innovation, held at Ahmedabad University in collaboration with the Centre for Technology, Innovation and Economic Research (CTIER). The Conclave brought together perspectives from national research and funding institutions, government, industry, and academia, including participation from the Anusandhan National Research Foundation (ANRF), the Ministry of Electronics and Information Technology, Centre for Sustainable Energy and Mobility (C-SEM) and industry leaders from Tata Chemicals, Pidilite Industries Limited, and NXP Semiconductors.

In his keynote address at the conclave, Shivkumar Kalyanaraman, Chief Executive Officer of ANRF, spoke about the various mechanisms being put in place to strengthen collaboration between industry and academia in advanced manufacturing. He also emphasised the growing importance of interdisciplinary approaches in addressing complex technological and manufacturing challenges, and the need to align research, talent development, and industrial capability building.

On the sidelines of the Conclave, Ahmedabad University announced the setting up of the Institute of Manufacturing and Economy to rethink the future of manufacturing in relation to innovation, productivity, and economic strategy.

The transformation of manufacturing demands advances in materials, processes, and digital manufacturing, alongside stronger linkages between small and large firms and better coordination across supply chains. It also requires new approaches to talent development and to research, both managerial and technological, to enhance productivity and innovation.

Conceived in response, the Institute of Manufacturing and Economy brings together scientists, engineers, economists, managers, social scientists, policymakers, and industry practitioners, and treats manufacturing as a cross-disciplinary challenge spanning engineering, management, public policy, economics, and science, with a strong emphasis on collaboration with industry and government.

“Manufacturing challenges cannot be addressed in isolation. Envisioned as a leading global centre for research, education, innovation, and industrial problem-solving, the Institute recognises that productivity, technology adoption, research translation, workforce readiness, and supply chain coordination require integrated perspectives and sustained collaboration between academia, industry, and policymakers,” said Professor Pankaj Chandra, Vice Chancellor of Ahmedabad University. Through sustained engagement with firms and industrial clusters, the Institute aims to translate research into solutions relevant to manufacturing practice while developing a distinct and informed point of view on Indian manufacturing.

According to Professor Sunil Kale, Dean of the School of Engineering and Applied Science and Co-Director of the Institute, strengthening manufacturing requires close engagement with firms alongside a deep understanding of industrial policy, labour capabilities, productivity, and innovation systems. Advanced manufacturing will require systems integration that brings AI into various production domains. The Institute is planned to work closely with manufacturing industry in India.

The Institute’s activities will include new product and process optimisation, executive education programmes, manufacturing clinics for SMEs, publishing policy and competitiveness reports, and the biannual Stepwell Manufacturing and Economy Dialogue. It will also support postgraduate education at Ahmedabad University in areas such as composites, microelectronics and semiconductors, advanced manufacturing, 3D printing and operations management, alongside initiatives that support startups in advanced manufacturing.

The Institute draws on the breadth and depth of facilities at Ahmedabad University, including cutting-edge laboratories, fabrication and prototyping shops, The Learning Factory, VentureStudio, Tinkerers’ Laboratory, High Performance Computing infrastructure, Bloomberg Laboratory and incubation and research infrastructure. These facilities will support collaborative research, prototyping, testing, and training in partnership with industry. Through its integrated approach to research, education, and industry collaboration, the Institute of Manufacturing and Economy seeks to contribute to India’s transition towards a high-productivity, innovation-driven manufacturing ecosystem.

About Ahmedabad University Ahmedabad University is a leading private, non-profit research university offering students a liberal education focused on interdisciplinary learning, practice orientation, and research thinking.

The University has been • Recognised by the Government of Gujarat as a Centre of Excellence.

• Accredited with 'A' grade by the National Assessment and Accreditation Council (NAAC).

• Awarded Leadership and Management Team of the Year at the Times Higher Education Awards Asia 2025.

• Awarded a 5-star rating, the highest awarded in the Gujarat State Institutional Rating Framework (GSIRF) for 2021-22 and 2023-24, by the Knowledge Consortium of Gujarat (KCG), Department of Education, Government of Gujarat.

• Awarded the Royal Institute of British Architects (RIBA) International Award for Excellence 2024 for our University Centre.

• Awarded a 'Platinum Rating' by the Indian Green Building Council for sustainability and green practices.

• Recognised by the UGC under Section 12(B) of the UGC Act, becoming one of the very few private research universities to have been awarded this recognition for select research universities.

• Recognised as a Highly Commended University for Teaching and Learning Strategy of the Year in the Times Higher Education (THE) Awards Asia 2023.

• Awarded the AACSB’s Innovations That Inspire Award 2023 for its Foundation Programme.

• Awarded Gold Rating by the Indian Green Building Council for achieving the Green Building Standards at our University Centre.

The University, established in 2009, is rooted in the vision of one of India’s finest educational foundations, the Ahmedabad Education Society, which was founded in 1935 by nationalist leaders. Programmes at the University range from bachelors to doctoral levels in humanities and social sciences, natural sciences, engineering, and management through its 14 Schools and Centres: Amrut Mody School of Management | Bagchi School of Public Health | School of Arts and Sciences | School of Engineering and Applied Science | Ahmedabad Design Lab | Centre for Heritage Management | Centre for Learning Futures | Global Centre for Environment and Energy | International Centre for Space and Cosmology | Sahyog: Centre for Promoting Health | Stepwell Centre for Asian Futures | The Climate Institute | The Institute of Manufacturing and Economy | VentureStudio An urban university, Ahmedabad promotes independent-mindedness and diversity across all dimensions of its activity and helps students mature into critical thinkers who are analytically equipped, practically oriented, and contextually aware global citizens. The University provides a contemporary educational framework that brings liberal arts, sciences, and the professions to engage together in creating new knowledge for addressing complex challenges of the society and in offering majors that merge the boundaries of disciplines to prepare students for the new economy.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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