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    MIDASX Records Best Quarter Since Inception, 30% YoY Growth; SaaS Vertical Turns Cash-Flow Positive
    ED registers money laundering case in Tirupati laddu 'adulteration' case
    SC refers to practical difficulties of IT sleuths if advance search notice served on offenders
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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.
February 10, 2026
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Almighty Motion Picture launches Almighty All In LLP to produce legacy documentaries, advertiser-funded films and AI-powered brand content globally.
Almighty Motion Picture formed Almighty All In LLP to deliver legacy-focused content-high-end documentaries, advertiser-funded programming, premium brand films, and AI-powered historical/mythological docu-dramas-targeting Indian and global markets, prioritising design-led, authenticity-focused work over volume-driven production and embedding cross-border leadership to enable international collaboration.
February 10, 2026
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Cookme's Smart Pack links spice packs to batch-specific lab reports via QR codes, revealing testing parameters and results.
Cookme's Smart Pack links each spice batch via QR code to a batch-specific laboratory report that details standards, testing parameters, results, and plain-language explanations, converting in-house testing and supply-chain practices into consumer-facing quality disclosure to enable factual comparison of value, price, and quality.

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Democrats, White House trade offers as shutdown of Homeland Security looms

February 10, 2026

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Washington, Feb 10 (AP) Democrats have begun tentative talks with the White House on their demands for “dramatic” new restrictions on President Donald Trump's immigration crackdown, trading offers just days before funding for the Department of Homeland Security is set to expire.

Senate Democratic Leader Chuck Schumer said Monday that Democrats had sent the White House their list of demands for Immigration and Customs Enforcement and other federal law enforcement agencies. The White House said it had responded with a counterproposal. No details were immediately available.

Time is running short, with another partial government shutdown threatening to begin Saturday. Among the Democrats' demands are a requirement for judicial warrants, better identification of DHS officers, new use-of-force standards and a stop to racial profiling. They say such changes are necessary after two protesters were fatally shot by federal agents in Minneapolis last month.

“Republicans, the clock is ticking,” Schumer said on the Senate floor. “We have sent you our proposals and they are exceedingly reasonable.” There were some small signs of progress. Senate Majority Leader John Thune said Monday there has been a “good back and forth” between the sides on substantive issues and Republicans would send a counterproposal “soon.” Still, it was unclear if the two sides could find agreement on the charged issue of immigration enforcement — and as rank-and-file lawmakers in both parties were skeptical about finding common ground.

Many Republicans have balked at the Democrats' requests and some have demands of their own, including the addition of legislation that would require proof of citizenship before Americans register to vote and restrictions on cities that they say do not do enough to crack down on illegal immigration.

And Democrats who are furious about ICE's aggressive crackdown have said they won't vote for another penny of Homeland Security funding until enforcement is radically scaled back.

“Dramatic changes are needed at the Department of Homeland Security before a DHS funding bill moves forward,” House Democratic Leader Hakeem Jeffries said Monday. “Period. Full stop.” Trump deals with Democrats Congress is trying to renegotiate the DHS spending bill after President Donald Trump agreed to a Democratic request that it be separated out from a larger spending measure that became law last week. That package extended Homeland Security funding at current levels only through February 13, creating a brief window for action as the two parties discuss new restrictions on ICE and other federal officers.

The funding issue came to a head after ICU nurse Alex Pretti was shot and killed by a US Border Patrol officer in Minneapolis on January 24, and some Republicans suggested that new restrictions were necessary. Renee Good was shot by ICE agents on January 7.

While he agreed to separate the funding, Trump has not publicly responded to the Democrats' specific demands, and it is uncertain whether he would agree to any of them.

White House press secretary Karoline Leavitt said late last week that the Trump administration is willing to discuss some items on the Democrats' list, but “others don't seem like they are grounded in any common sense, and they are nonstarters for this administration.” Democratic demands Schumer and Jeffries have said they want immigration officers to remove their masks, to show identification and to better coordinate with local authorities. They have also demanded a stricter use-of-force policy for the federal officers, legal safeguards at detention centres and a prohibition on tracking protesters with body-worn cameras.

The Democrats say Congress should end indiscriminate arrests, “improve warrant procedures and standards,” ensure the law is clear that officers cannot enter private property without a judicial warrant and require that before a person can be detained, it's verified that the person is not a US citizen.

Republicans have said they support the requirement for DHS officers to have body-worn cameras — language that was in the original DHS bill — but have balked at many of the other Democratic asks.

“Taking the masks off ICE officers and agents, the reason we can't do that is that it would subject them to great harm, their families at great risk because people are doxing them and targeting them,” said House Speaker Mike Johnson, R-La., on Monday. “We've got to talk about things that are reasonable and achievable." Tennessee Senator Bill Hagerty said on “Fox News Sunday” that Democrats are ”trying to motivate a radical left base.” "The left has gone completely overboard, and they're threatening the safety and security of our agents so they cannot do their job,” Hagerty said.

Consequences of a shutdown In addition to ICE and US Customs and Border Protection, the homeland security bill includes funding for the Federal Emergency Management Agency and the Transportation Security Administration. If DHS shuts down, Thune said last week, “there's a very good chance we could see more travel problems” similar to the 43-day government closure last year.

Lawmakers in both parties have suggested they could separate out funding for ICE and Border Patrol and pass the rest of it by Friday. But Thune has been cool to that idea, saying instead that Congress should pass another short-term extension for all of DHS while they negotiate the possible new restrictions.

Many Democrats are unlikely to vote for another extension. But Republicans could potentially win enough votes in both chambers from Democrats if they feel hopeful about negotiations.

“The ball is in the Republicans' court,” Jeffries said Monday. (AP) SKY SKY

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