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February 11, 2026
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Fake input tax credit scheme using non-existent suppliers exposed, alleging Rs 172 crore in fraudulent ITC claims.
Investigators allege the director orchestrated systematic availment and passing of ineligible input tax credit using non-existent and cancelled supplier registrations, with searches and recovered documents evidencing no actual receipt or supply of goods and purported fraudulent ITC claims of Rs 172 crore and fabricated credits of Rs 952 crore.
February 11, 2026
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Sensex and Nifty ended nearly flat as gains in banks and autos offset IT losses amid choppy trade.
Benchmark indices finished flat amid sectoral divergence: PSU banks and autos gained while IT stocks declined, causing modest underperformance in midcap and smallcap segments. Market consolidation followed a recent rally, driven by mixed earnings, forthcoming inflation data, and evolving details of a US-India trade agreement. Institutional flows showed net FII purchases with larger domestic institutional buying, and global factors including weak US retail sales, AI-related tech volatility, and rising Brent crude tempered risk appetite.
February 11, 2026
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India UK trade deal secures tariff cuts, procurement access and a double contributions convention to ease temporary worker levies.
The India-UK Comprehensive Economic and Trade Agreement will eliminate tariffs on 90% of lines covering 92% of current UK exports, reduce average tariffs from 15% to 3%, deliver immediate and rising tariff savings, secure UK access to India's federal procurement market, and include a Double Contributions Convention preventing duplicate social levy payments for temporary highly skilled workers; parliamentary ratification and committee review are required before entry into force.
February 11, 2026
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Jet Airways sale of three aircraft frames and six engines for USD 46 million amid liquidation process.
Sale of three Boeing 777 frames and six engines to a Malta based buyer for USD 46 million executed by Jet Airways under liquidation pursuant to the Insolvency and Bankruptcy Code; the agreement specifies separate prices for each frame engine grouping and identifies the purchaser as Ace Aviation as part of asset realisation in the liquidation estate.
February 11, 2026
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Global markets mixed ahead of US jobs data, with commodities up, major earnings affecting stocks, and currencies shifting.
Global equity markets traded mixed ahead of US employment data, with European benchmarks down and select Asian markets up; US futures near flat. The report links softer consumer spending and cooling wage growth to weaker corporate profits and notes that worsening labour-market data could prompt faster central bank rate cuts, whereas persistent inflation might delay them. Corporate earnings and merger developments moved individual stocks, while oil and precious metals rose, bitcoin fell, and major currency pairs shifted as markets positioned for upcoming US economic releases.
February 11, 2026
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NeVA rollout enables paperless assembly proceedings with mobile access for legislators and staged implementation.
Jharkhand Assembly launched a NeVA Seva Kendra, issued tablets with the National e-Vidhan Application, and trained members to enable partial adoption in the budget session and full implementation in the Monsoon session; NeVA allows online submission and tracking of questions, notices, private member bills, and access to session documents via mobile devices.
February 11, 2026
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Binance's $300M Bitcoin buy framed as institutional accumulation; DeepSnitch AI presale claims 150% gains and large bonus offers.
Reportedly, Binance purchased about $300 million of Bitcoin for its SAFU reserve, which the text presents as institutional dip buying validating an accumulation phase; concurrently, the DeepSnitch AI presale is promoted with claimed 150% launch gains, operational surveillance tools, and large bonus incentives (150% on $10,000+ and 300% on $30,000+ entries), while a risk disclaimer states the material is not investment advice and was published under a press arrangement without editorial responsibility.
February 11, 2026
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Indian rupee falls to 90.70 as importer dollar demand, geopolitical tensions and rising oil prices pressure markets.
The rupee fell 14 paise to 90.70 against the US dollar due to importer dollar demand, geopolitical tensions and higher crude oil prices, while foreign portfolio inflows and a softer dollar limited further declines; market uncertainty was compounded by the India-US trade fact sheet outlining tariff reductions and large US purchase commitments.
February 11, 2026
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Sam Bankman Fried seeks a new trial while DeepSnitch AI presale claims large upside amid mixed crypto market performance.
Sam Bankman Fried has filed a motion for a new trial claiming newly available witness testimony could undermine the evidence supporting his 2023 fraud conviction. Separately, the document contrasts rapid token market movements-highlighting LayerZero's volume surge and Avalanche's bearish outlook-and promotes DeepSnitch AI's postponed token generation event and presale mechanics as conferring an informational advantage to early purchasers while providing explicit purchase examples and a general trading risk disclaimer.
February 11, 2026
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Assam tea industry: subsidy for orthodox tea raised and workers urged to receive higher daily wages.
Increase in the state subsidy for orthodox tea production from Rs 10 to Rs 15 per kg is intended to promote exports and production; the government has directed garden managements and tea associations to pass benefits to workers by increasing daily wages and committed to consult workers' organisations. The state also couples this subsidy policy with worker-focused measures including a one-time grant programme and an administrative plan to distribute land pattas to tea garden residents.
February 11, 2026
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DMK-Congress alliance intact; Stalin rules out power sharing and coalition government while highlighting Thozhi hostels policy.
The DMK chief affirms the DMK-Congress alliance is intact and rejects formal power sharing or a coalition government, attributing seat sharing delays and public disputes to isolated intra party issues rather than alliance collapse; he emphasizes that the DMK will retain executive leadership and notes the Thozhi hostels scheme as a key welfare policy.
February 11, 2026
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West Bengal governance criticized for alleged misuse of central scheme funds and failure to submit required utilisation certificates.
Allegations of regulatory non compliance and misuse of centrally sponsored schemes are raised against the West Bengal government, citing irregularities in MGNREGA, non submission of utilisation certificates for PM Awas Yojana, and corruption in PM Poshan Yojana, plus failures to hold mandated Disha meetings and fully implement PM Kisan; the minister also criticised the vote on account for low capital expenditure, continuing borrowing, and skewed allocations while highlighting central budget proposals for infrastructure, SME support, and jute upgradation.
February 11, 2026
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Uttar Pradesh budget 2026-27: Rs 43,565 crore earmarked for new development and social sector schemes.
The Uttar Pradesh 2026-27 budget earmarks Rs 43,565 crore for new initiatives including Rs 575 crore for an MSME-focused industrial zone, Rs 3,500 crore for urban expansion and new city promotion, sectoral infrastructure such as a dairy plant and fish processing facilities, Rs 580 crore for residential girls' schools where Kasturba Gandhi Balika Vidyalayas are absent, and significant allocations for cashless medical coverage for school staff and conversion of primary schools into smart schools under Samagra Shiksha Abhiyan.
February 11, 2026
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UP budget increases health and medical education allocations to expand healthcare infrastructure and insurance coverage.
The state budget increases health-sector funding, raising the Medical, Health and Family Welfare allocation by 15% and assigning funds to major programmes: cashless maternal deliveries under Janani Shishu Suraksha Karyakram, block-level child health teams, Pulse Polio and Japanese Encephalitis vaccination drives, Integrated Disease Surveillance reporting, Ayushman Bharat insurance schemes, the National Rural Health Mission, and district mental health services. It also funds expansion of medical education-including 14 new colleges and a PPP approach for underserved districts-and allocates capital for cancer care, incurable-disease treatment, and AYUSH infrastructure and drug production.
February 11, 2026
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TDS on property purchases: buyers currently bear the deduction liability; petitioner sought institutional safeguards for buyer awareness.
The petitioner argued that buyers of property over Rs. 50 lakh are placed solely liable for TDS despite many purchasers lacking knowledge of the obligation and that no registrar-level verification or administrative awareness mechanism exists; he sought limited procedural directions to establish institutional safeguards at registration to prevent inadvertent defaults, improve voluntary compliance, and protect revenue, without challenging the statutory tax liability.
February 11, 2026
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Occultist accused of killing three people by giving poison-laced ladoos during a ritual and stealing their cash.
An occult practitioner was arrested for allegedly killing three persons by administering poison-laced sweets and drinks during a ritual promising dhanvarsha. Investigators say he instructed the victims to bring cash and refreshments, fed them poisoned ladoos and drinks, took their money after they lost consciousness, and fled. Technical surveillance, call detail records, CCTV and location data placed the accused with the victims; personal effects and cash were recovered and a criminal case was registered while inquiries continue to identify accomplices.
February 11, 2026
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Tourism budget proposes Rs 150 crore for Ayodhya infrastructure and Rs 500 crore for a tourism development scheme.
The budget designates Rs 150 crore for Ayodhya-region tourism infrastructure and Rs 500 crore for a tourism places development scheme, funding specific projects such as completion of the Ram Path approach road, upgrades linking a proposed Vedic wellness precinct to the temple, and allocations for parikrama paths, temple renovation, and tourist facilities at multiple pilgrimage and heritage sites, with initial phases of a Vedic Science Centre completed and increased tourist footfall cited as rationale.
February 11, 2026
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Shooting of migrant labourers in Moga prompts demands for urgent investigation and action against communal targeting.
A shooting injured two migrant workers in Moga; an unverified social media post claimed responsibility and justified the attack. Police are tracing the assailants and probing the incident from all angles. The matter raises issues of targeted violence against migrant workers, potential online incitement, evidentiary questions regarding posted video material, and calls from political leaders for urgent investigation, accountability, and measures to protect migrants and maintain public order.
February 11, 2026
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State budget increases outlays, prioritises social and tech investment, and claims revenue surplus achieved without new taxes.
The Rs 9,12,696.35 crore 2026-27 budget increases outlays by about 12.2 percent, highlights priorities of women's safety, youth employment, farmer welfare and technological investment, and asserts that no new taxes have been imposed. The executive credits improved financial management and plugging tax leakages for transforming the fiscal position from a historically weak classification to a revenue surplus state, indicating reliance on compliance and administrative reform for revenue growth rather than tax increases.
February 11, 2026
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Jupiter International commissions 1 GW mono PERC solar cell unit, doubling capacity to about 2 GW and expanding tech lineup.
Commissioning of a new 1 GW mono PERC solar cell unit at Baddi raised Jupiter International's installed capacity from 959 MW to about 2 GW through its subsidiary Jupiter Solartech Pvt Ltd; the facility targets high efficiency mono PERC production, aims to double the local skilled workforce, and the company plans a further 1.25 GW TOPCon line to strengthen its technology portfolio and support national renewable energy goals.

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OTM 2026 Concludes in Mumbai, Reinforcing India's Rise as a Priority Market for Global Tourism

February 11, 2026

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Asia's leading travel trade show, organized by Fairfest Media brings together 2,200+ exhibitors from 60+ countries, spotlighting new travel demand, corporate mobility, weddings and the future of distribution MUMBAI, India, Feb. 10, 2026 /PRNewswire/ -- OTM 2026, Asia's leading travel trade show, concluded today at the Jio World Convention Centre, Mumbai, bringing together the global travel and tourism ecosystem at a moment when India has firmly emerged as one of the world's most strategically important outbound travel markets. Recognised by NielsenIQ as the Leading Travel Trade Show in India and Asia for two consecutive years, OTM 2026 hosted over 2,200 exhibitors from more than 60 countries, with 45+ National Tourism Organisations participating and over 50,000 travel trade visitors and 1,000+ top travel industry professionals participating over the three days. With strong exhibitor and visitor participation across leisure, corporate travel, MICE and weddings, OTM 2026 reaffirmed its position as one of the most internationally diverse travel trade platforms in the region, reflecting the growing scale and strategic focus global destinations are placing on the Indian market. Event Highlights • Exhibitor Showcase: Over 2,200 exhibitors from 60+ countries, representing national and state tourism boards, airlines, hotels and resorts, destination management companies, cruise operators, attractions, and travel technology providers. • Global Participation: Strong representation from Europe, Africa, Asia, the Middle East, the Americas and Oceania, including long-standing outbound markets and a growing number of emerging and experiential destinations engaging with India as a priority growth market. • High-Quality Buyer Access: More than 50,000 travel trade visitors, including 1,000+ hosted and VIP buyers, enabling focused B2B engagement across leisure, corporate travel, MICE, weddings and niche travel segments. • Structured Business Engagement: Over 50,000 pre-scheduled B2B meetings across the three days, reinforcing OTM's positioning as a platform built for measurable business outcomes. • Destination & Airline Announcements: Multiple tourism boards and airlines used OTM 2026 to sharpen their India strategy and spotlight new developments, including Thailand's destination push, Air India and Air India Express' product updates, and Morocco's India-facing tourism momentum. • Leadership & Knowledge Exchange: The OTM Forum brought together senior leaders from destinations, airlines, travel platforms, corporate travel, MICE, weddings and technology, examining outbound travel growth, destination competitiveness, corporate travel evolution, distribution, marketing, technology and the changing expectations of the Indian traveller. • Inaugural Programme & Media Briefing: Day 1 opened with the Inaugural Programme & Media Briefing titled 'India takes its Place on the Global Travel Stage', featuring addresses by H.E. Dato Sri Abdul Karim Rahman Hamzah, Minister for Tourism, Creative Industry and Performing Arts, Sarawak; Datuk Manoharan Periasamy, Chairman, Tourism Malaysia; and Hon. Prof. Ruwan Ranasinghe, Deputy Minister of Tourism, Sri Lanka, moderated by Tanya Khanijow. • Corporate Travel & Buyer Insight: Day 2 featured a strong focus on India's corporate travel momentum through 'Building India's Corporate Travel Ecosystem: A $20B Journey' and a buyer-led session, 'What India's Top Corporate Travel Buyers Expect from the Industry Today', bringing together senior stakeholders from Reliance Industries, Aditya Birla Group, Deloitte, Tata Consultancy Services and Godrej Industries Group. • Travel Trade & Distribution: Day 3 spotlighted the renewed relevance of intermediaries through 'The New Power of the Intermediary' and 'Inside India's Travel Trade: What's Changed, What's Working, What's Next', featuring leaders from TripJack, TravClan, Rezlive, Riya Tours and Travels, Classic Holidays, Akbar Online Booking Company, Travesla, Rail Europe and MakeMyTrip. • Weddings & Destination Celebrations: WeddingSutra Engage brought luxury wedding and wedding-travel leaders into the programme, spotlighting how destination weddings are shaping hospitality demand, guest experiences and travel-led celebrations. Destinations worldwide recalibrate long-term strategies around India OTM 2026 saw strong official participation from destinations across Europe, Africa, Asia, the Middle East, the Americas and Oceania, with nearly 50 global tourism boards officially participating at OTM. Alongside long-standing outbound markets, several destinations that were once considered niche or aspirational for Indian travellers continued to deepen their engagement with India as their next major growth market, with many participating exclusively at OTM 2026 as their primary interface with the Indian travel trade. Announcements and showcases OTM 2026 also served as a launchpad for multiple India-focused announcements across destinations, airlines and experiential travel segments. Thailand Tourism Authority outlined its target of 2.55 million Indian visitors and THB 93 billion in tourism revenue for the year, launching its 'Healing is the New Luxury' campaign in Mumbai to attract high-value wellness travellers and destination weddings, supported by 60-day visa-free entry and expanded outreach to Tier 2 cities including Ahmedabad, Amritsar and Pune. Morocco reinforced India's growing importance as a source market, highlighting a 224% increase in Indian tourist arrivals compared to pre-pandemic levels, alongside deeper trade engagement through OTM. Sarawak Tourism Board spotlighted its Visit Malaysia Year 2026 campaign, while Sabah Tourism Board introduced the 'North Borneo Cycling Paradise' initiative to promote niche adventure tourism to Indian travellers. From Africa, the Zambia Tourism Agency showcased safari and wildlife experiences tailored for the Indian outbound market, while Da Nang strengthened its positioning as a MICE and destination wedding hub. Indonesia outlined renewed efforts to grow Indian arrivals, while Air India and Air India Express presented product and service enhancements supporting India's expanding global travel footprint. WeddingSutra Engage also unveiled emerging destination wedding and travel trends reflecting evolving Indian traveller preferences. Malaysia Airlines strengthens India's outbound connectivity at OTM 2026 Reflecting the role of air connectivity in unlocking outbound growth, Malaysia Airlines participated as the Partner Airline at OTM 2026 with a prominent presence at the exhibition, showcasing its network connectivity, premium offerings and India-focused travel solutions for the Indian travel trade. Several other airlines also participated across the show floor, reflecting broader airline confidence in India's expanding global travel footprint. OTM Forum: Three days of sharp, segment-led industry dialogue Complementing the exhibition, the OTM Forum delivered a high-density programme of leadership, insight and industry direction, bringing together senior voices from travel platforms, corporate travel, weddings, marketing, technology and distribution. On Day 2, the programme moved into sharper conversations on how and why India's traveller motivations are changing, with 'Vibe Traveling - Aesthetics, Experiences, and the New Indian Narrative' featuring Adedayo Olawuyi (Uganda Airlines), Amit Jaipuria (Postcard Travel Club), Maanav Saraf (Gainwell Travel), Nupur Gupta (Google India) and Pabs Raghava (Tours Limited). The day also deep-dived into business mobility through 'Building India's Corporate Travel Ecosystem: A $20B Journey' with Bhavin Modi (Quest2Travel by MakeMyTrip), Gaurav Shekhar Nagwekar (Reliance Industries), Shaheen Karoji (Aditya Birla Group) and Sunny Sodhi (FCM Travel India), moderated by Dr. Sanjay Pai (Larsen & Toubro). A buyer-led session on 'What India's Top Corporate Travel Buyers Expect from the Industry Today' brought together Ajay Bhatt (Godrej Industries Group), Devendra Saraiya (Deloitte), Ranjit Nair (Tata Consultancy Services) and Sri Arardhi (Fast Collab), moderated by Mridul Pahuja (Motilal Oswal). Day 2 also expanded into destination weddings through WeddingSutra Engage sessions focused on luxury hospitality and discovery-led wedding travel, and continued the conversation on experience-led travel and commercial growth through 'Live Tourism - The Anti-AI Bet on Human Connection', featuring Chitra Daga (Thrillophilia), Daniel Dsouza (Dream Set Go), Sabbas Joseph (Wizcraft Group) and Uttam Garodia (Headout). The day further examined performance-led marketing and retention in 'The Future of Travel Marketing: AI, Personalisation and Loyalty Shifts', with leaders including Anurag Jain (RateGain), Neel Ghose (Skyscanner), Neeraj Singh Dev (Thomas Cook India), Nikhil Dhar (Indigo), Ravi Shankar (Air Asia Move) and Sandeep Sonawane (DreamFolks). The Forum also featured an executive-only session on alternate accommodation, presenting VIDEC's market insights with participation from MakeMyTrip, Zostel, Elivass and Saffron Stays, moderated by Virendra Jain (VIDEC). On Day 3, the Forum turned to distribution power and travel trade evolution through 'The New Power of the Intermediary: Why India's Travel Agents Are More Relevant Than Ever', featuring B A Rahim (OA Globe DMC), Chirag Agarwal (TravClan), Jaal Shah (Rezlive), Manoj Samuel (Riya Tours and Travels) and Srijit Nair (Rail Europe), moderated by Parikshit Choudhury (MakeMyTrip). This was followed by 'Inside India's Travel Trade: What's Changed, What's Working, What's Next', featuring Hussain Patel (TripJack), Jitesh Poojari (Akbar Online Booking Company), Rishabh Doshi (Classic Holidays) and Salil Nath (Travesla). Valedictory and Awards OTM 2026 concluded with the Valedictory and Awards Function, alongside key partner announcements including the ICRT Indian Subcontinent Awards 2026 announcement. Commenting on the conclusion of the show, Sanjiv Agarwal, Chairman & CEO, Fairfest Media, said, "OTM continues to reflect the reality of global travel today, where India is no longer an emerging opportunity but one of the most sought-after and strategic travel markets globally. The diversity and depth of participation at OTM 2026, alongside the quality of conversations across the show floor and the Forum, demonstrate how the world is repositioning itself around the Indian traveller in a focused, business-driven environment." OTM 2026 was organised by Fairfest Media. The next edition of OTM is scheduled to take place from 1st-3rd February 2027. About OTM and Fairfest Media: OTM is Asia's leading travel trade platform, connecting global travel suppliers with India and Asia's fastest-growing travel markets through large-scale exhibitions, curated buyer programmes and structured B2B engagement. OTM is organised by Fairfest Media. Founded in 1989, Fairfest Media is a global trade show organiser and media company, providing platforms for doing business in the world's fastest-growing markets. Fairfest recently acquired WTE Miami, the fastest-growing travel show in the United States, which will be held at the Miami Beach Convention Centre on the 27th and 28th of October, 2026. For more information, please visit: https://otm.co.in/. Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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