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    BJP set to get first Mumbai mayor, Ritu Tawde files nomination
    SBI Q3 profit up 13 pc at Rs 21,317 cr
    Divine Drop Festival reflects changing face of spiritual events in India
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February 7, 2026
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Mumbai mayoral election: BJP nominates Ritu Tawde; ally Shiv Sena names deputy with 15-month share.
Ritu Tawde filed nomination as the BJP's mayoral candidate in Mumbai while the Mahayuti alliance named a Shiv Sena corporator as deputy mayor with a 15-month term; nominations were submitted amid party leaders' presence ahead of the election, and the alliance controls 118 of 227 BMC seats, positioning it above the majority threshold.
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.

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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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