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    Raw jute crisis: IJMA hopeful after meeting with Union textiles minister
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February 9, 2026
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Raw jute crisis: traders urged to liquidate stocks as government considers time bound regulatory intervention to ensure supply
The IJMA reported traders are withholding 25-30 lakh bales, pushing prices to Rs 13,000/quintal and threatening mills and workers; it asked that trader stock limits be reduced to zero by March 31 and that all stocks be compulsorily liquidated to operating mills or tendered to the Jute Corporation of India to restore supply. The ministry indicated openness to extraordinary, time bound regulatory intervention, urgent review of raw jute seed exports, and strict action against speculators to ensure jute bag availability for RMS 2026-27.
February 9, 2026
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IIT Bombay-WashU Joint Executive MBA launches 11th cohort: 18 month global EMBA focusing on applied leadership and international immersion.
The IIT Bombay-Washington University Joint Executive MBA Program's 11th cohort begins an 18 month, jointly delivered executive education course emphasizing global faculty engagement, international immersion, a rigorous applied curriculum, and development of strategic, interdisciplinary leadership skills for experienced executives across diverse industries.
February 9, 2026
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Crypto presale promotions include explicit risk disclosures and liability exclusions; not investment advice, seek independent financial advice.
The publication markets three cryptocurrency presales with staged pricing, token bonuses, and high return claims while containing an explicit risk disclosure: content is general market commentary and not investment advice; cryptocurrency trading carries high risk and may not suit all investors; readers should seek independent financial advice. Publishers disclaim liability for any loss or damage from reliance on the information, state the content is published as received and not edited, and note that distributing parties assume no editorial responsibility under the press release arrangement.
February 9, 2026
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NUDGE campaign uses data-driven prompts to encourage taxpayer compliance before penalties are imposed and may be adopted across government.
The Income-Tax Department's NUDGE initiative is a technology-enabled, non-intrusive data-driven prompting mechanism that notifies taxpayers of identified compliance gaps and encourages voluntary correction and payment before initiation of penal proceedings, operating under the seven-element SAKSHAM framework to guide assessing officers' use of reporting-entity data for improved taxpayer communication.
February 9, 2026
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DeepSnitch AI presale raised $1.5M, using five AI agents for risk scoring, contract audits, and predictive sentiment tools.
DeepSnitch AI raised $1.50M at a $0.03906 presale and uses five specialized AI agents within a central intelligence layer to provide retail utilities - risk scoring, contract audits, whale tracking, breakout spotting, and predictive sentiment/FUD detection - supported by a native LLM for instant contract analysis; ai.com's retail autonomous agent launch and stated data segregation, encryption, and permission controls are cited as parallel catalysts for mainstream adoption.
February 9, 2026
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Indian Ocean naval cooperation convenes chiefs to advance non-binding maritime security cooperation and capacity building.
The Indian Ocean Naval Symposium convenes senior naval leaders in a non-binding framework to promote dialogue, trust-building, interoperability, capacity building, humanitarian assistance and disaster response, and to shape collective approaches to maritime security, resilience, and responsible ocean governance.
February 9, 2026
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Japan's agenda shifts to bolster defence, lift weapons export limits, tighten immigration rules, and alter family and tax policies.
The government proposes revising security and defence law to expand military capability, lift weapons export restrictions, create a national intelligence agency, enact an anti-espionage statute, and raise defence spending to 2% of GDP; it also advances stricter legal conditions on permanent residency and naturalisation and enforcement against unpaid taxes and social insurance by foreign workers.
February 9, 2026
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Income tax: CBDT invites stakeholder inputs on proposed Rules and Forms via e filing portal to improve rules and reduce burden.
CBDT has opened a public consultation on the proposed Income-tax Rules and Forms implementing the Income-tax Act, 2025 (effective 1 April 2026), posting drafts online for stakeholder review and submission. Inputs must be confined to four categories-Simplification of Language; Reduction of Litigation; Reduction of Compliance Burden; Identification of Redundant/Obsolete Rules and Forms-and must cite the specific rule, sub rule, or form number. A dedicated e filing portal utility (OTP-validated) has been activated for submissions.
February 9, 2026
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Book 'Made in India' chronicles Desh Bandhu Gupta, Lupin and India's rise as a global pharmaceutical supplier.
A biographical and industry account chronicles Desh Bandhu Gupta's rise from modest origins to found Lupin, highlighting entrepreneurship, institutional resilience amid financial and operational crises, the complementary role of family and community programs, and India's emergence as a major global supplier of medicines and vaccines-supported by manufacturing scale, FDA approved facilities, and policy-enabled export competitiveness.
February 9, 2026
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Domicile certificate applications surge amid electoral roll revision; centralised verification and issuance expedited to assist voters missing from draft rolls.
A surge in domicile certificate applications tied to the Special Intensive Revision of electoral rolls prompted KMC to centralise applications at borough offices, route requests through headquarters for scrutiny, forward documentation to the sector collector for police verification, and obtain final approval from a WBCS rank officer before issuing certificates, with guidance on required documents such as Aadhaar and rent receipts.
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.

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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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