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February 16, 2026
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Interim trade agreement: reciprocal tariff reductions and mutual duty concessions to be finalised through legal text.
An Indian negotiating team will visit the US to translate a previously announced framework into a signed interim trade agreement legal text. Ongoing virtual talks will be advanced to resolve drafting intricacies; tariff and preferential market access measures agreed in the framework will take effect only after the legal agreement is finalised and signed. The discussions cover reciprocal duty concessions, including a US processing of a reciprocal tariff reduction and the sequencing of implementation tied to signature of the legal pact.
February 16, 2026
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Money laundering allegation against a nationalist organisation denounced as defamatory strategy and political insult to patriots.
VHP condemns a Karnataka minister's claim linking the RSS to money laundering as false, defamatory and a deliberate political strategy to insult patriotic organisations and reduce the speakers' acceptance; it asserts such tactics aim at appeasement and defamation, calls for those who prioritise Hindu interests to hold power for community protection, and warns against exploiting religion for political gain.
February 16, 2026
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Compliance first stablecoin payments enable regulated cross border payouts and corporate cards for emerging market businesses.
Endl secured pre seed funding to scale a compliance focused, stablecoin centred cross border payments platform offering multi currency accounts, regulated stablecoin rails, fiat stablecoin conversions, corporate cards and treasury services, with investments directed toward regional banking integrations, compliance systems and enterprise security to serve businesses in emerging markets.
February 16, 2026
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Money laundering notices issued after chargesheet alleging diversion of foreign loan proceeds into non-oil uses.
A special PMLA proceeding alleges systematic diversion of foreign currency loan facilities sanctioned for Mozambique oil and gas assets; loan proceeds were routed via Videocon Hydrocarbon Holdings Ltd and multiple overseas group companies, layered through a complex web of entities, and remitted back to India for non-sanctioned uses including non-oil business expenses, investments and creation of personal and corporate assets, with the ED quantifying the proceeds of crime and a PMLA court issuing notices to thirteen accused following the chargesheet.
February 16, 2026
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Interim trade agreement: delegation to finalise legal text ahead of expected signing following framework agreement.
An interim trade agreement framework will be converted into operative legal text through bilateral drafting: an Indian negotiating delegation will travel to the United States to finalise the legal agreement while virtual talks continue, moving from a joint statement of contours to definitive treaty language and preparing the instrument for signature.
February 16, 2026
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FD-backed secured credit: card links credit limit to fixed deposit, with tiered cashback, fee waivers, and FD access.
Introduction of a fixed deposit-backed secured credit card linking credit limit to 100% of an underlying fixed deposit, permitting FD access via ATM withdrawals subject to a withdrawal fee and an interest free window. The card applies a tiered cashback structure with category and monthly caps, includes joining and annual fees with time limited waivers and conditional reversals tied to annual spends, and provides consumer protections such as insurance, purchase protection, lost card liability cover, and surcharge waivers.
February 16, 2026
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Deposit-taking NBFC registration enables instant digital personal loans with streamlined KYC, quick disbursal, and flexible repayment options.
Bajaj Finance offers an instant digital personal loan delivered via a personal loan app that uses analytics and electronic verification to provide quick eligibility decisions, minimal documentation, OTP mobile verification, online KYC completion, and rapid electronic disbursal to the customer's registered bank account, with flexible tenures, repayment management tools, and features designed to meet diverse consumer financing needs.
February 16, 2026
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Trade balance worsens as imports outpace exports, prompting elevated trade deficit and revised export projections for the fiscal year.
Merchandise exports rose 0.61% to USD 36.56 billion in January while imports grew 19.2% to USD 71.24 billion, producing a January trade deficit of USD 34.68 billion; April-January exports increased 2.22% to USD 366.63 billion. The Commerce Secretary stated exports in goods and services remain on an upward trend and projected combined fiscal year exports of goods and services are likely to exceed USD 860 billion.
February 16, 2026
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Incentive Scheme for digital payments increased UPI adoption and expanded payment infrastructure, recommending targeted measures for RuPay uptake.
The report assesses the design, implementation and socio-economic effects of the Incentive Scheme for promotion of RuPay debit cards and low-value BHIM-UPI P2M transactions, noting that structured budgetary support reduced cost barriers, accelerated merchant onboarding, expanded acceptance infrastructure and strengthened the payments ecosystem. Based on primary and secondary research, it finds marked increases in UPI adoption, merchant QR deployment and bank participation, increased user confidence and reduced cash reliance, and recommends targeted measures to deepen RuPay usage, rural penetration, connectivity, digital literacy and fraud mitigation.
February 16, 2026
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Market rebound as banking and power stocks lead recovery amid global rate-cut expectations and stable currency support.
Equity benchmarks rebounded nearly one percent led by renewed buying in banking and power stocks, reversing a recent decline as large-cap financials and utilities outperformed. The rally was supported by expectations of sustained power demand, improving loan growth and stable bank asset quality. Macro cues-falling US long-term yields, a stable rupee and steady crude oil-added support, while foreign institutional investors were net sellers and domestic institutional investors were net buyers.
February 16, 2026
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Inflation trends show rising wholesale prices, prompting continued RBI focus on retail inflation for monetary policy.
Wholesale price inflation rose to 1.81% in January due to increases in food articles, non-food articles, textiles and manufacturing subgroups, while fuel and power remained in deflation. Manufactured products and non-food articles recorded higher inflation compared with the prior month. The Reserve Bank of India continues to emphasise retail inflation as the primary indicator for benchmark interest-rate decisions, having reduced policy rates earlier in the fiscal year and subsequently retained key rates.
February 16, 2026
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Trade mission to India leverages the UK India Free Trade Agreement to boost West Midlands investment, exports and academic ties.
A West Midlands mayoral trade mission to Ahmedabad, Mumbai and Bengaluru (23-27 February 2026) aims to operationalise the UK India Free Trade Agreement by promoting exports, attracting inward investment to the West Midlands Investment Zone, and deepening academic and cultural ties. Led by regional political, business and university figures and coordinated by the West Midlands Growth Company with Indian partners, the programme features sectoral roundtables and events on the Commonwealth legacy, visitor economy, technology, urban transformation, and AI skilling to foster commercial, research and skills partnerships between West Midlands entities and Indian corporations and institutions.
February 16, 2026
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Highway upgradation provides an alternate freight corridor, reducing urban congestion and enhancing regional connectivity and employment.
Approval is granted for rehabilitation and upgradation of the Ghoti-Trimbak-Jawhar-Manor-Palghar section of NH-160A in Maharashtra on Engineering, Procurement and Construction (EPC) mode, covering 154.635 km with a Total Capital Cost of Rs.3320.38 crore. The project provides 2-lane or 4-lane configurations with paved shoulders according to traffic projections to relieve congestion, integrate with expressways and highways, connect multiple economic and logistics nodes under PM GatiShakti, and generate substantial direct and indirect employment.
February 16, 2026
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Four-lane upgradation of NH-56 sections approved to improve regional connectivity and reduce travel time substantially.
Cabinet approval authorises upgradation of two NH-56 sections in Gujarat to four-lane standard under the HAM Mode, totaling 107.67 km at a Total Capital Cost of Rs.4583.64 crore. Designed for 100 km/h (70 km/h average), the works aim to cut travel time by about 40%. The alignment passes through aspirational and tribal districts, enhances access to the Statue of Unity, links to major highways and the Delhi-Mumbai Expressway, began partial construction in November 2025 with a two-year completion target, and is projected to generate significant direct and indirect employment.
February 16, 2026
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Highway widening approval advances NH 167 to four lanes under Hybrid Annuity Mode, enhancing regional connectivity and employment.
The Cabinet approved widening NH 167 from Gudebellur to Mahabubnagar to a four lane access controlled standard over 80.01 km on Hybrid Annuity Mode (HAM) under the NH (O) scheme, covering bypasses, realignments and utility shifting. The alignment connects with NH 150 and NH 167N and links multiple economic, social and logistic nodes, aiming to reduce congestion and travel time, enhance freight efficiency and multimodal integration, and generate substantial direct and indirect construction period employment.
February 16, 2026
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Project approval for underwater road rail tunnel enabling 4 lane greenfield connectivity between Gohpur and Numaligarh under EPC.
Cabinet approved a 33.7 km 4 lane access controlled greenfield corridor between Gohpur (NH 15) and Numaligarh (NH 715) including a 15.79 km twin tube TBM underwater Road cum Rail tunnel with rail provision in one tube, implemented on an EPC basis. The scope covers civil works, land acquisition, short road and rail cut and cover sections, and integration with existing highways and railway sections to deliver multimodal connectivity to airports, inland waterways, railway stations and economic, social and tourist nodes, with estimated traffic and employment implications.
February 16, 2026
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Currency depreciation driven by FII outflows and a stronger dollar, pressured further by declining forex reserves.
The rupee weakened to 90.67 against the US dollar amid FII outflows and a stronger dollar, with rising crude prices and a notable weekly decline in forex reserves cited as contributing factors; market commentary noted narrow intraday trading and flagged impending trade balance data as potentially influential.
February 16, 2026
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Rail network expansion approved to add multitrack capacity, boost freight movement and reduce emissions while improving regional connectivity.
Cabinet approved three multitracking projects (Kasara-Manmad, Delhi-Ambala, Ballari-Hosapete) under PM Gati Shakti to add third and fourth lines across 12 districts, increasing the rail network by about 389 km at an estimated combined cost of Rs 18,509 crore through 2030-31. The works are projected to generate about 265 lakh human days of construction employment, augment freight capacity by 96 MTPA, improve connectivity to roughly 3,902 villages (population ~97 lakh), reduce logistics costs and oil imports, and lower CO2 emissions for more sustainable rail operations.
February 16, 2026
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Venture capital mobilisation for startups to prioritise deep tech, early growth support, and regional investment across the country.
The Startup India Fund of Funds 2.0 establishes a government-backed corpus to mobilize long-term domestic venture capital, strengthen the domestic venture capital base by supporting smaller funds and AIFs, and address capital gaps. The Scheme prioritises deep tech and tech-driven innovative manufacturing, supports early-growth stage founders to reduce funding shortfalls, and promotes national reach to crowd in private investment beyond major metropolitan centres.
February 16, 2026
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Credit to G.D.P. ratio reform to expand financing and make financial institutions more agile for national development.
The Department of Financial Services convened a policy shivir to solicit strategic reforms to align banking and financial services with Viksit Bharat@2047, focusing on enhancing the Credit to G.D.P. ratio, increasing agility of public financial institutions, deploying new large scale financing mechanisms, deepening the bond market, reducing intermediation costs, strengthening banks' role in MSME financing, and promoting insurance and pension product innovation alongside financial inclusion and cyber security to build a more resilient financial system.

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When Fashion Becomes a Force for Health: Suta Joins Sanjeevani's Pink Tag Project for Breast Cancer Awareness

February 10, 2026

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The homegrown D2C brand carries a behavioral health intervention from grassroots communities into millions of wardrobes Mumbai, Maharashtra, India – Business Wire India In a village outside Delhi, a woman notices a Pink Tag stitched inside her blouse- next to the wash-care label. It gently reminds her how to check herself with simple visuals, no alarms, no fear, just awareness. This is how the Federal Bank Hormis Memorial Foundation | Network 18 Sanjeevani - Pink Tag Project was born from rural India, is being amplified by local tailors and community trust. The ambitious initiative is now entering the fashion mainstream through Suta- the homegrown D2C brand that’s been redefining what the saree means to the modern Indian woman. In this moment, tradition meets contemporary purpose. A garment becomes a carrier of care, and the fashion industry takes a step into nation-building. Watch the film here: https://www.youtube.com/watch?v=dRG0__kCzjI In India, every four minutes a woman is diagnosed with breast cancer. Over 70% are detected late. Women don't screen because they have no time- no time for themselves. Between household work, earning livelihoods, and caring for families, self-care is a luxury they cannot afford. The Pink Tag Project began with a simple observation: women have one moment alone each day. When they get dressed. Stitched into clothing, the Pink Tag carries self-examination steps. A behavioral nudge embedded in a moment that already belongs to her. Rural tailors, volunteers, trusted voices, made it real. Tradition Meets Contemporary Purpose Suta entered Indian fashion with a mission: to reclaim the saree for the modern woman. In a market where tradition felt frozen in nostalgia, Suta brought fresh energy, cultural confidence, and design innovation. Now, Suta integrates the Pink Tag into its blouses that are no longer just identity, they become a carrier of care. A reminder that a woman's health matters as much as her responsibilities to others. From Grassroots to Industry Blueprint By stitching the Pink Tag into Suta blouses, right next to the wash-care label, the brand demonstrates a blueprint for how fashion companies can embed social purpose into product design and corporate philosophy. This tangible integration creates a replicable model for the broader apparel industry to adopt. The intervention scales from rural communities to mainstream fashion. A behavioural change nudge, once tested by local tailors, is now manufactured at scale by Suta. This convergence of community insight, industry participation, and market innovation creates the conditions for systemic health behaviour change. Sujata Biswas, Co-founder, Suta, said, "At Suta, we understand that the garments women wear carry meaning beyond purchase. They carry identity, confidence, and now- care. When we learned about the Pink Tag, we saw something we couldn't ignore: an opportunity to use the trust women place in us for something that matters more. If a blouse can remind a woman that her health deserves attention, then fashion becomes a force for nation-building." Taniya Biswas, Co-founder, Suta, added, "The dressing moment is sacred- it's when a woman is truly alone with herself. Placing the Pink Tag there felt inevitable. We're not instructing. We're simply being present in a moment that already belongs to her, reminding her that she matters." Siddharth Saini, COO, News18 Studios, added, " Sanjeevani’s scale across News18’s broadcast network and digital platforms has ensured that vital health information reaches every segment of Indian society—from the nation’s most influential audiences to underserved regions where lack of awareness still hinders early action and healthier outcomes. The Pink Tag shows how media can move beyond communication to drive measurable behavioural change. Designed as a simple, repeatable nudge, it reaches women at moments where traditional media influence ends, embedding awareness into the rhythms of daily life. Our partnership with Suta strengthens this impact by extending the intervention to retail touchpoints and social engagement. Today, the initiative operates at true scale, combining national reach with sustained, personal reinforcement and this is how we believe insight-led innovation delivers real-world results and builds systemic, long-term change.” Speaking about Suta coming on board, MVS Murthy, Chief Marketing Officer, Federal Bank, "The Pink Tag was always designed to scale beyond any single campaign. Suta's partnership proves that the real barrier to widespread adoption isn't innovation or resources- it is belief. It's the willingness of brands to align commercial success with social purpose. With Suta, we're not just launching a collaboration. We're building a blueprint for how India's fashion industry can become a partner in public health. This is nation-building through business." What Happens Next The Pink Tag is now stitched into Suta garments. This partnership extends an invitation to the apparel industry to adopt similar models. The D2C ecosystem, manufacturers, and policy circles are observing how scale and impact intersect. A tag becomes a daily reminder. That reminder, repeated across millions of wardrobes, creates sustained behavior change. Suta has established a precedent for how brands can drive social impact at scale. About Federal Bank Federal Bank (NSE: FEDERALBNK) is a leading Indian private sector bank with a network of around 1591 banking outlets and 2093 ATMs/Recyclers spread across the country, and the Bank’s total business mix (deposits + advances) stood at Rs 5.29 Lakh Crore as on 30th June 2025. Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines, stood at 16.03 % as on 30th June 2025. Federal Bank has Representative Offices in Dubai and Abu Dhabi that serve as a nerve centre for Non-Resident Indian customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance TecCity (GIFT City). Federal Bank is transforming itself, keeping its principles intact, into an organisation that offers services beyond par. It has a well-defined vision for the future as a guidepost to its progress. About Tata Trusts Since its inception in 1892, Tata Trusts, India's oldest philanthropic organisation, has played a pioneering role in bringing about an enduring difference in the lives of the communities it serves. Guided by the principles and the vision of proactive philanthropy of the Founder, Jamsetji Tata, the Trusts' purpose is to catalyse development in the areas of health, education, nutrition, water, sanitation, hygiene, and livelihoods among others. The Trusts have pioneered efforts in the field of cancer care since the inception of the Tata Memorial Hospital in 1941. In 2017, Tata Trusts established a Tata Cancer Care Foundation (formerly known as Alamelu Charitable Foundation) to implement its comprehensive Cancer Care Programme, based on the four pillars of access, affordability, quality, and awareness. Through its efforts, over 20 facilities across six states- Andhra Pradesh, Assam, Jharkhand, Maharashtra, Uttar Pradesh, and Karnataka - have been developed and augmented through collaborations with state governments and like- minded organisations. The Trusts are committed to downstaging the impact of cancer by flipping the ratio of early to late detection through increased awareness and screening while improving the quality of life of patients and their families. To View the Video, Click on the Link Below: Sanjeevani x Suta | Pink Tag Project (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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