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    MGM Anand Muthu Spearheads MGM Muthu Group’s 60 Cr. (USD 6.54 million) Strategic Entry into Kumbakonam
    Jacqueline Fernandez Joins Lux Cozi’s Grand Indore Meet, Over 2000 Retailers Attend
    Asian benchmarks mostly rise, led by post-election rally in Japan
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February 10, 2026
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MGM Paradise Kumbakonam opens after Rs. 60 crore acquisition and renovation, debuting mid April with phased 100 room resort.
MGM Muthu Group acquired a 10 acre Kumbakonam estate for Rs. 40 crore and will invest Rs. 20 crore to convert it into MGM Paradise Kumbakonam, opening mid April 2026. The resort will open in two phases-initially 50 keys with dining and leisure facilities, later expanding to 100 rooms-featuring Chettinad inspired design, event and cultural venues, and amenities. The project highlights local employment, regional supplier partnerships, and sustainable tourism commitments as core elements of the Group's expansion.
February 10, 2026
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Lux Cozi Grand Retailers' meet brought 2,000+ retailers together to deepen trade partnerships and align distribution strategy.
Lux Cozi held a Grand Retailers' meet in Indore with over 2,000 retailers to strengthen retailer relationships, discuss market opportunities and consumer preferences, and promote retailer empowerment via product relevance, supply chain efficiency and sustained brand investment as part of a coordinated market expansion and distribution strategy.
February 10, 2026
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Asian markets rose on Japan's post-election rally while investors await US jobs and inflation data influencing Fed rate expectations.
Asian equity benchmarks rose, led by a post-election surge in Japan's Nikkei after a decisive parliamentary win for Sanae Takaichi's party, with investors expecting pro-growth reforms. Global sentiment was influenced by expectations of future Federal Reserve rate cuts, persistent concerns about high equity valuations and AI investment returns, and upcoming US employment and inflation reports that could shift rate expectations; Treasury yields were steady while commodities and FX reflected risk-on positioning.
February 10, 2026
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Jana Nayagan censorship row: producers withdraw petition after bench set aside certification order and restored case for amendment.
Producers of Jana Nayagan withdrew their writ petition seeking a CBFC censor certificate after interlocutory litigation in which a Single Judge ordered certification and quashed a referral communication, a First Bench stayed and later set aside that direction while restoring the petition for amendment; the bench allowed amendment, affording CBFC opportunity to file counter affidavit and permitting the Single Judge to determine whether referral to the Revising Committee complied with law.
February 10, 2026
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Sunetra Pawar assumes deputy chief minister duties, attends cabinet and budget committee meetings as guardian minister.
Sunetra Pawar assumed the official responsibilities of Deputy Chief Minister, will attend the next cabinet meeting and the business advisory committee meeting for the budget session, and has been assigned the excise, sports, minority welfare and aukaf portfolios while serving as guardian minister for two districts.
February 10, 2026
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Time Out Market Delhi to open under a franchise agreement, with QDL holding an exclusive option to expand across India.
Quint Digital Limited has signed a franchise agreement with Time Out Group plc to open Time Out Market Delhi (approx. 24,500 sq ft) at Worldmark Aerocity, with the lease advised by India Sotheby's International Realty. QDL holds an exclusive option to invest in, open, and operate additional Time Out Markets across India and will launch timeout.com/india alongside the physical market to integrate Time Out's editorial curation with QDL's digital and AI capabilities.
February 10, 2026
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fischer opens a national subsidiary in Saudi Arabia to support major construction projects and local production.
fischer has opened a national subsidiary in Saudi Arabia, headquartered in Riyadh with offices in Jeddah, Dammam and Tabuk and a production site in Dammam, strengthening its regional presence alongside Dubai and Qatar to supply fastening, fac ade and fire-protection solutions for major construction projects including Jeddah Tower, the Red Sea Project, the Solitaire Mall and Riyadh International Airport.
February 10, 2026
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GFTN and Startup Policy Forum announce collaboration to accelerate fintech innovation and cross-border startup growth.
A memorandum of understanding between GFTN and SPF establishes a strategic collaboration to accelerate fintech and digital innovation via coordinated policy engagement, ecosystem development, and programmes supporting cross border growth of Indian startups. The partnership will enable structured regulator industry dialogue, strengthen global-India innovation corridors, and facilitate knowledge exchange on digital finance infrastructure, responsible AI, digital assets, cross border payments, and regulatory innovation to support international expansion and capacity building.
February 10, 2026
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Forbes Global Properties launches Mission 2030 to set standards for branded luxury real estate, focusing on quality, governance and investor links.
Mission 2030 is a standards-led strategic vision to develop branded residences, commercial assets, and institutional advisory in India, prioritising selective partner criteria, asset excellence, transparency, governance, sustainability, and long-term value creation as prerequisites for endorsement and market linkage to global capital.
February 10, 2026
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Tina Ambani to be re-summoned for questioning under PMLA over alleged money trail linked to Manhattan condominium.
Enforcement agency to reissue summons to Tina Ambani to record her statement under the Prevention of Money Laundering Act concerning an alleged money trail linked to a Manhattan condominium; the probe alleges sale proceeds were remitted via a sham investment arrangement during a corporate insolvency resolution process and has produced arrests, ECIRs, a special investigation team, and asset attachments.
February 10, 2026
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Russian oil exports face sanctions, shipping bans and tariffs, sharply reducing revenues and prompting higher taxes and borrowing.
Sanctions on major oil producers, bans on refined products and shipping restrictions, plus interdictions of shadow tankers, have cut export receipts by widening discounts on Russian crude and disrupting payment and logistics channels; in turn, the government has raised taxes and increased borrowing to offset lost oil-related tax revenues.
February 10, 2026
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Kanpur Lamborghini crash: police cite CCTV and witnesses placing owner's son at wheel, despite lawyer's denial.
Investigation focuses on competing claims about who drove the Lamborghini: defence counsel says the designated driver was at the wheel, while police rely on CCTV footage, eyewitness accounts and other evidence to identify the accused-the owner's son-as driver. The FIR was amended from an unidentified driver to name the son, the vehicle has been seized for forensic examination, and police have attempted notice service and taken administrative steps pending further evidentiary development.
February 10, 2026
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Shatak Dhwaj Yatra begins at Lal Chowk with Bhagwa flag waved, marking RSS centenary and nationwide march.
The Shatak Dhwaj Yatra began at Srinagar's Lal Chowk with the Bhagwa flag waved there for the first time since Independence, launching a nationwide procession marking the Rashtriya Swayamsevak Sangh's 100-year centenary; the first leg ended in Ludhiana with a 100-biker rally, cultural celebrations and a felicitation ceremony, and the events are linked to the promotional release of the commemorative film Shatak: Sangh's 100 Years.
February 10, 2026
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US-India interim agreement talks and US tariff reduction on Bangladesh to 19% highlighted alongside regional election and conflict coverage.
US and India are cooperating to finalise an Interim Agreement toward a broader bilateral trade arrangement, while the United States has reduced applied tariffs on Bangladesh to 19 per cent; the release also notes related electoral developments in Nepal, Bangladesh, and Japan and ongoing coverage of Pakistan and the Russia-Ukraine conflict.
February 10, 2026
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Markets extend third day rally as Asian peers and foreign inflows lift benchmarks amid trade optimism.
Equity benchmarks extended a three day rally as positive Asian peers and sustained foreign institutional inflows supported gains; optimism over an interim trade framework with the United States and strength in US markets boosted investor sentiment while markets awaited US employment and CPI data to guide Fed policy. Foreign institutional investors bought equities worth Rs 2,254.64 crore and Brent crude eased slightly, with several large caps among the session's gainers and select financials and consumer names lagging.
February 10, 2026
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US-India trade framework requires India to cut tariffs, boost US purchases, and negotiate digital trade and supply chain rules.
The United States and India will implement a framework toward an Interim Agreement aiming to conclude a Bilateral Trade Agreement; India will eliminate or reduce tariffs on US industrial and specified agricultural goods and commit to significant purchases of US products, while the US will adjust reciprocal tariffs. The parties will continue negotiations on remaining tariffs and non-tariff barriers, rules of origin, services and investment, intellectual property, government procurement, digital trade rules including removal of digital services taxes, and measures to strengthen economic security and supply chain resilience.
February 10, 2026
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Rupee weakens to 90.77 as markets stay cautious after the India-US interim trade framework; RBI intervention expected.
The rupee fell to 90.77 against the US dollar as markets reacted cautiously to the India-US interim trade framework; concerns about continued US oversight of energy imports and possible penalties diminished initial optimism. Technical support around 90.00-90.20 is viewed as key, with RBI intervention via dollar purchases expected to anchor the currency, while FII inflows have improved sentiment but their durability is uncertain.
February 10, 2026
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Tina Ambani to be re summoned for questioning in a money laundering probe linked to a Manhattan condo purchase.
Enforcement Directorate to issue fresh summons for questioning in an alleged money laundering probe linked to a Manhattan condominium purchase; a prior request to depose went unmet and a former corporate executive has been attested as part of the inquiry. These actions occur within a broader investigatory framework in which a Special Investigation Team is probing alleged bank fraud and related financial irregularities concerning a corporate group on the directions of the Supreme Court.
February 10, 2026
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US tariffs on Bangladesh trimmed to 19% with zero reciprocal tariff for certain apparel made with US inputs.
The United States and Bangladesh agreed to reduce reciprocal tariffs to 19 per cent and to establish a mechanism granting zero reciprocal tariff treatment for certain textile and apparel goods made in Bangladesh using US produced cotton and man made fibre, alongside commitments on imports, e commerce tariff restraint, intellectual property standards, and support for WTO reform.
February 10, 2026
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Lok Sabha floor disorder: BJP women MPs urge strongest disciplinary action against opposition MPs over chamber disruptions.
BJP women MPs urged the Speaker to initiate disciplinary action under House rules against opposition members for entering the well, climbing on tables, tearing and throwing papers, carrying banners, moving into treasury benches, and laying siege to the Prime Minister's seat, asserting these acts breached parliamentary decorum and requesting the strongest possible sanctions; the letter notes ruling party restraint and situates the events amid earlier disruptions and subsequent procedural consequences, including passage of the Motion of Thanks without the Prime Minister's speech and suspensions of members.

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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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