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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.
February 10, 2026
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Shivakumar orders a special investigation into alleged irrigation department looting while pursuing consultations on the Mekedatu reservoir.
The Deputy Chief Minister ordered a Special Investigation Team in the Revenue Department to probe an alleged nexus looting the Irrigation Department and will pursue administrative and political consultations-meeting party leaders, the Union Water Resource Minister, legal counsels, and seeking the Chief Minister's approval-regarding pre-budget matters and the proposed Mekedatu balancing reservoir on the Cauvery.
February 10, 2026
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Homeland Security funding is being negotiated with Democrats demanding strict new ICE restrictions, including warrant, ID and use-of-force reforms.
Democrats are conditioning DHS funding on enactment of strict limits on immigration enforcement: a judicial warrant requirement for entry onto private property, officer identification including removal of masks, verification of noncitizen status before detention, prohibitions on racial profiling, legal safeguards at detention centers, stricter use-of-force standards, and limits on tracking protesters with body-worn devices; negotiations with the White House and Republicans continue amid an imminent short-term funding deadline.
February 10, 2026
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Israeli strikes in Gaza amid a months-long ceasefire and UN concern over expanded West Bank control.
Israeli strikes in Gaza during a months-old ceasefire killed civilians amid contested tactical exchanges; Israel describes the strikes as precise responses to fire it says violated the truce. A UN official warned that Israeli measures to deepen control over the West Bank could be unlawful and destabilising for the Occupied Palestinian Territory, linking settlement-facilitating policies to erosion of Palestinian Authority powers. Rafah crossing operations show limited humanitarian movements and unresolved authorisation and coordination issues.
February 10, 2026
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AIMIM says chief ministers seek its support and alleges GST rationalisation cost Telangana Rs 7,000 crore.
AIMIM claims chief ministers seek the party's support to secure electoral and developmental gains, citing influence in the Jubilee Hills by-election. The party alleges GST rationalisation caused a Rs 7,000 crore loss to Telangana and faults the state government for not implementing promised minority-welfare funding and subsidised loans, while accusing the BJP of communalising politics and diverting attention from core issues like employment, farmers' welfare and housing.
February 10, 2026
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Uttar Pradesh budget increases to Rs 8.33 lakh crore with record health allocation improving institutional deliveries and medical infrastructure.
Uttar Pradesh's budget rose to Rs 8.33 lakh crore in 2025-26 with capital expenditure up materially; the Economic Survey describes a balanced fiscal position with a reduced public debt to GSDP ratio. The Survey records a record health allocation of Rs 46,728.48 crore (6.1% of the budget), reporting reduced out of pocket expenditure, stronger medical infrastructure, expanded medical colleges and higher institutional delivery and immunisation coverage.
February 10, 2026
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Maharashtra receives large tax devolution and budgeted capital expenditure to accelerate transport, rail and logistics infrastructure.
Union Budget allocates Rs 89,855.80 crore as tax devolution for Maharashtra for 2026-27 and elevates capital expenditure to accelerate transport, rail and urban transit projects, including Nagpur metro expansions and 41 rail projects, while proposing an Infrastructure Risk Guarantee Fund to bolster BOT and PPP models and reduce logistics costs.

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UP presents record Rs 9.12 lakh cr budget for 2026-27 ahead of assembly polls next year

February 11, 2026

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Lucknow, Feb 11 (PTI) The Uttar Pradesh government on Wednesday presented a record Budget of Rs 9.12 lakh crore for the financial year 2026-27, the largest in the state's history, with a focus on employment, infrastructure development and healthcare.

The Budget, tabled by Finance Minister Suresh Kumar Khanna in the state Assembly is being seen as the last full Budget ahead of the Assembly elections scheduled early next year.

Khanna said the outlay of Rs 9,12,696.35 crore is about 12.2 per cent higher than that of the previous financial year, making it the "biggest Budget ever" presented in the state.

He said Chief Minister Yogi Adityanath has been working for the development of every section and every region of the state.

The minister said capital expenditure accounts for 19.5 per cent of the total Budget. In line with the recommendations of the 16th Central Finance Commission, accepted by the Centre, the fiscal deficit limit for 2026-27 has been fixed at three per cent, which will remain applicable till 2030-31.

He asserted that the state government remains fully committed to prudent financial management and debt control.

The allocations for education and health stood at 12.4 per cent and six per cent of the total Budget, respectively. Agriculture and allied services have been allocated nine per cent of the total outlay.

Stressing that strengthening law and order remains a top priority, Khanna said Rs 1,374 crore has been proposed for the construction of non-residential police buildings and Rs 1,243 crore for residential buildings.

For medical education, an allocation of Rs 14,997 crore has been proposed. At present, the state has 81 medical colleges, of which 45 are run by the state government and 36 by the private sector. An amount of Rs 1,023 crore has been proposed for the establishment of 14 new medical colleges.

Additionally, Rs 315 crore has been earmarked for the Cancer Institute in Lucknow and Rs 130 crore for providing free treatment for incurable diseases.

Khanna said Rs 37,956 crore has been proposed for medical, health and family welfare, which is 15 per cent higher than the previous year. About Rs 8,641 crore has been allocated for the National Rural Health Mission, Rs 2,000 crore for the Ayushman Bharat National Health Protection Scheme, and around Rs 2,867 crore for AYUSH services.

For infrastructure and industrial development, Rs 27,103 crore has been proposed, 13 per cent higher than 2025-26. A provision of Rs 5,000 crore has been made for the Chief Minister Industrial Area Expansion and New Industrial Area Promotion Scheme.

Under the Swami Vivekananda Yuva Sashaktikaran Yojana, distribution of tablets and smartphones is underway, for which Rs 2,374 crore has been proposed. An allocation of Rs 2,000 crore has been made under the Atal Infrastructure Mission for infrastructure development.

The government has also provided Rs 1,000 crore for the implementation of the Incentive Policy 2023 aimed at attracting foreign direct investment and investments from Fortune 500 companies.

On the Defence Industrial Corridor project, the minister said MoUs have so far been signed for setting up 200 defence industries, entailing a proposed investment of Rs 35,280 crore and generating an estimated 53,263 direct jobs.

For micro, small and medium enterprises (MSMEs), Rs 3,822 crore has been provided, 19 per cent higher than the previous year. A new Sardar Vallabhbhai Patel Employment and Industrial Zone scheme has been proposed with an outlay of Rs 575 crore. An allocation of Rs 75 crore has been proposed for a new 'One District, One Dish' scheme.

For the handloom and textile sector, about Rs 541 crore has been proposed — more than five times the previous year's allocation. The government has set a target of generating 30,000 jobs in the textile sector in 2026-27.

A new scheme has been proposed for the modernisation of the blanket production centre in Gorakhpur with a provision of Rs 7.5 crore.

Khanna said Rs 2,059 crore has been allocated for IT and electronics schemes, 76 per cent higher than the previous year. The state will launch the Uttar Pradesh AI Mission for development in the field of artificial intelligence, for which Rs 225 crore has been proposed.

Khanna, during his speech, emphasised that capital investment and infrastructure development play a vital role in strengthening the economy and said providing employment opportunities to the state's youth and equipping them with the necessary skills is equally important.

He noted that individuals possessing technical skills or proficiency in any trade are unlikely to remain unemployed. To this end, large-scale employment-oriented training and skill enhancement programmes will be run in mission mode on a priority basis. Alongside formal education, arrangements will be made to strengthen the skill base of the youth.

The capacity of existing skill development training centres will be enhanced, and new centres will be set up across the state. Private sector participation will also be ensured in this campaign.

Skill development and job placement centres will be established in various districts under the public-private partnership (PPP) mode, he said. Separate centres will be set up for women to increase their participation in the workforce, the minister added. PTI KIS MAN DRR

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