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    Markets rebound nearly 1 pc on buying in power, banking stocks; Sensex jumps 650 pts
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    West Midlands announces 'A mission to seize the moment' to India during the Year of the Free Trade Agreement
    Cabinet approves Rehabilitation and upgradation of Ghoti – Trimbak (Mokhada) – Jawhar – Manor – Palghar section of NH-160A to 2 Lane /4 Lane w...
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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.
February 15, 2026
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Tax accountability: Allegations of fundraising and money laundering prompt calls to apply law and constitutional obligations to unregistered organisations.
Allegations focus on tax accountability and potential money laundering by an unregistered organisation receiving funds via a broad domestic and international network; the commentator demands that law and the Constitution apply equally, questions the source and treatment of donations described as "guru dakshina," and urges registration, disclosure and tax compliance along with scrutiny of cross border fundraising.
February 15, 2026
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Customs enforcement underscores trade facilitation, regulatory compliance and protection of taxpayers' rights amid vigilance-driven awards and recognition.
Customs enforcement in Kerala was emphasised as combining trade facilitation with statutory compliance, transparency, and protection of taxpayers' rights, with priorities including anti-smuggling vigilance, modernisation, export promotion, and international cooperation to support lawful cross-border trade.
February 15, 2026
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Trade deal transparency: interim agreement may expose agricultural sovereignty and pressure policy on imports, GM crops, and procurement.
The India-US interim trade deal is criticised for risks to agricultural sovereignty through import liberalisation of DDGs and potential GM soy oil, which may increase feed dependence and expose soy and pulse producers to price shocks; concerns also target non-trade barrier concessions and quota-based duty relief as mechanisms that could pressure relaxation of GM regulations, procurement policies, and MSPs, while alleged tariff asymmetries may harm cotton farmers and the textile export sector.
February 15, 2026
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Trade agreements and Budget incentives seek to expand market access and compel private investment in innovation and capacity.
The policy framework relies on expanded free trade agreements to improve exporters' access and on a Budget focused on productive capital outlays and incentives to strengthen manufacturing, value addition, skills and scale. The state provides tariff preferences and fiscal incentives, while explicit expectations are placed on the private sector to invest aggressively in R&D, frontier technologies, supply-chain capabilities and productivity. Equitable sharing of productivity gains-through rising real wages, skill upgrading and stable employment-is presented as essential to sustain domestic demand and long-term investment. Budget incentives for digital infrastructure and data centres aim to position the country as a global hub for AI and data.
February 15, 2026
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Minimum sustainable price mechanism sought to align tea production costs with prices; calls for subsidies, tariff relief, import monitoring.
Planters seek a minimum sustainable price mechanism to align production costs and price realisation, expedited release of pending Tea Board subsidies, interest subvention on working capital loans, and access to agricultural schemes. They also request lower power tariffs and implementation of West Bengal solar provisions, financial incentives for specialty production and machinery upgrades, and stricter monitoring of cheap imports and mislabelling to protect quality and export credibility.
February 15, 2026
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Unique land parcel identifier to standardize property records and reduce boundary disputes through georeferenced mapping.
The Delhi government is assigning a Unique Land Parcel Identification Number (ULPIN or Bhu Aadhaar) to each land parcel using drone surveys and high resolution geospatial imaging to produce geo referenced identifiers for accurate parcel delineation. The revenue department's IT branch, supported by the Survey of India, will implement the system in phased rollouts under a standard operating procedure to centralise land records, enhance transparency, prevent fraudulent transactions and simplify citizen access to property information.
February 15, 2026
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Agricultural sovereignty under threat from interim trade deal; questions raised over GM imports, market access, and procurement safeguards.
Allegations that the India-US interim trade deal compromises agricultural sovereignty by allowing imports such as DDG from GM corn and GM soy oil, potentially displacing domestic producers and creating dependency. The statement questions vague references to "additional products" and removal of "non trade barriers," warning these could open pulses and other crops to imports and pressure India to relax positions on GM crops, procurement, MSPs and bonuses. It also asserts the deal disadvantages cotton farmers and textile exporters and demands clarity and safeguards on covered products and protections.
February 15, 2026
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Trade agreement protections reassure farmers and dairy sectors amid tariff reductions and EU FTA negotiations.
Government statements assert that recent trade agreements and tariff adjustments include agricultural safeguards and explicit protections for the dairy sector, assuring farmers, cattle rearers and fishermen that their interests are preserved. The summary notes completed negotiations on a proposed free trade agreement with a major trading bloc and a contemporaneous tariff reduction as components of the trade policy framework, amid political dispute over the agreements' implications.
February 14, 2026
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Political hypocrisy over communal representation: attack on a Muslim mayor criticized as incitement and double standards.
Shiv Sena (UBT) calls the BJP's attack on Syed Iqbal's election as Parbhani mayor political hypocrisy and communal bias, asserting Iqbal attained office through loyalty and noting Muslim officeholders within BJP-led bodies to rebut claims that his mayoralty threatens communal balance.

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WORLD CLIMATE ACTION LEADERS, CITIZEN GROUPS, CORPORATES TO CONVERGE IN MUMBAI FOR GLOBAL SOUTH'S FIRST MUMBAI CLIMATE WEEK

February 11, 2026

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• Over 100 institutions, 400 speakers including Bill Gates, Hillary Clinton, Union Ministers, International governments, Sachin Tendulkar, Cosmonauts, among those in attendance. • From 17–19 February 2026, Mumbai will host the inaugural Mumbai Climate Week (MCW) MUMBAI, India, Feb. 11, 2026 /PRNewswire/ -- Over three days, the city will become a Global South climate leadership stage, as heads of government, global and Indian business leaders, climate innovators, philanthropies, youth and community voices come together to move from climate dialogue to action. With entry by invitation and registration, but free, climate enthusiasts are expected to attend in the thousands. Citizens can register on www.mumbaiclimateweek.com. MCW will do this through a central hub at the Jio World Convention Centre and a citywide network of campus, community and cultural events that showcase and scale real-world climate solutions. The global conversation on climate is being led by award-winning NGO Project Mumbai and is supported by the Government of Maharashtra, the Environment and Climate Change Department, MMRDA and the Brihanmumbai Municipal Corporation (BMC). It positions Mumbai as a living testbed for climate solutions that can be scaled across India and other Global South cities. Speaking about MCW, Maharashtra Chief Minister Devendra Fadnavis said, "Mumbai Climate Week showcases India's resolve to lead with action on climate, from the city level to the global stage. As Mumbai hosts leaders from across India and the world, including governments, businesses, financiers, experts and young people, we are sending a clear message that Maharashtra is ready to work with all partners to build cleaner, safer and more resilient futures for our citizens and for the Global South." "Mumbai has always been a city of grit and imagination, and Mumbai Climate Week is where that spirit meets the climate crisis at scale. This is India's first citizen-led climate movement at this level, where ministers, businesses and experts share the same space as students, frontline workers and neighbourhood volunteers, and where Mumbai can signal what climate leadership from the Global South really looks like," said Shishir Joshi, CEO & Founder, Project Mumbai and MCW. The week follows a hub-and-spoke model. The three-day central hub at Jio World Convention Centre will host leadership dialogues, thematic tracks, the MCW Innovation Challenge, the Youth Green Innovation Challenge and a solutions exhibition arena. Day 1 at the hub will also feature an Earthshot Prize debut evening focused on nature, food systems and people. Presented exclusively at Mumbai Climate Week, the world's most prestigious and impactful environmental award, The Earthshot Prize founded by HRH Prince William, will bring together global climate innovators, frontline solution-builders from the Global South, and leading voices from across India, to spotlight scalable solutions and inspire mass public engagement with climate action. Spoke events have already begun across campuses, neighbourhoods and cultural institutions, and will continue through MCW, including roadshows, art and media activations, and a Sustainability Mela that takes climate action into everyday spaces. MCW will also feature a special space–themed session where Indian space heroes Rakesh Sharma and astronaut Shubhanshu Shukla, both Ashoka Chakra awardees, interact with school students as well as global leadership on 18 February to link space exploration, science and climate responsibility. MCW is powered by a broad partnership architecture. IDFC FIRST Bank is the Principal Partner. Monitor Deloitte serves as Strategic Knowledge Partner, and Tata Institute of Social Sciences (TISS) and IIT Bombay are Academic Partners. VaartaVaran is MCW's citizen-speak platform, inviting people to share their climate perspectives unfiltered. Through talks, poems, storytelling, song and other creative formats, it brings everyday experiences and emotions around climate into the heart of Mumbai Climate Week. Thematic partners and ecosystem contributors include Eversource Capital, India Climate Collaborative, Shakti Sustainable Energy Foundation and World Resources Institute (WRI) India, along with international networks such as Climate Group and C40, and business and industry platforms including Mahindra Group and Indian Merchants Chamber. YuWaah! by UNICEF is the Youth Engagement Partner. Delegations are expected from over 30 countries, alongside leaders from Union and state governments, multilateral agencies, financial institutions, industry, philanthropy, civil society, academia and youth networks, with MCW's success defined by solutions funded, partnerships formed, policies influenced and communities empowered after the week. Global and national leadership at MCW Mumbai Climate Week will feature an eminent line-up of global and Indian leaders shaping climate action across policy, finance, business and civil society. Confirmed international speakers include Hillary Clinton, Bill Gates, Rajiv Shah, representing The Rockefeller Foundation; Imad Fakhoury, Regional Director, South Asia, International Finance Corporation (IFC), World Bank Group; Amanda Leland, Executive Director, Environmental Defense Fund; and Clarisa De Franco, Senior Advisor, Allied Climate Partners. From India's public sector there is an expected galaxy of leadership in attendance which include Shri Bhupendra Yadav, Union Minister for Environment; Union Minister for Renewable Energy Pralhad Joshi, Minister for External Affairs S. Jaishankar, Chief Minister Devendra Fadnavis, Corporate Affairs Minister Piyush Goyal, among others. Indian leadership including business and finance leaders such as Noel Tata, (Chairman Tata Trusts), V. Vaidyanathan (Managing Director & CEO, IDFC First Bank), Amit Chandra (Managing Director, Bain Capital PE India), Ankur Gupta (Managing Partner, Brookfield Asset Management), Jamshyd Godrej (Chairman and Managing Director, Godrej & Boyce), Nadir Godrej (Managing Director, Godrej Industries), Schneider Electric Global CFO Esther Finidori, UNEP Global Head Martin Krause, UNICEF India head Cynthia McCaffrey, Anjalli Ravi Kumar (Chief Sustainability Officer, Zomato), Pratik Agarwal (Chairman, Serentica Renewables) and Sameer Shisodia (CEO, Rainmatter Foundation) will bring perspectives on capital flows, markets and corporate climate action. The philanthropy and knowledge ecosystem will be represented by Rohini Nilekani (Chairperson, Rohini Nilekani Philanthropies), Soumya Swaminathan (Chair, M. S. Swaminathan Research Foundation), Manoj Kumar (Founding CEO, Naandi Foundation), Satyajit Bhatkal (CEO, Paani Foundation), Mridula Ramesh (Founder, Sundaram Climate Institute), Seema Paul (Program Director, India, Sequoia Climate Foundation), Shishir Sinha (Executive Director, Clean Air Fund), Dr Veena Srinivasan (Director, WELL Labs) and other research and impact leaders. MCW will also see participation from leading voices in Indian cinema who have championed environmental causes, including actor and UN Environment/UN SDG advocate Dia Mirza and actor Bhumi Pednekar, known for her 'Climate Warrior' initiative and work on sustainable lifestyles and the SDGs. Across the three days, plenary sessions on sub-national climate action, future cities and climate finance will bring together Chief Ministers and senior leaders from Indian states, underscoring the role of states and cities in driving net-zero, climate-resilient growth. First Ever Citizen Speakers Corner: Mumbai Climate Week will provide a free speaking opportunity to speakers, especially citizens. Across three days, all those who register on the website, for Varta Varan, will get a free speaking slot. Three pillars and theme partners MCW's programme is structured around three core focus areas that sit at the heart of India's climate and development agenda: food systems, energy transition and urban resilience. The food systems pillar is anchored by India Climate Collaborative (ICC), working with a coalition of leading organisations across agriculture, nutrition, markets and finance. The energy transition pillar is supported by partners such as Shakti Sustainable Energy Foundation, Eversource Capital and ISEG Foundation, alongside sectoral experts and ecosystem collaborators. The urban resilience stream is anchored by WRI India in partnership with the HT Parekh Foundation and India Climate Collaborative as thematic partners. Detailed Agenda: A detailed agenda of all three thematic pillars and session-wise programming is available on the MCW website. https://www.mumbaiclimateweek.com/inside-the-hub/ Innovation, youth leadership and citizen engagement Innovation is a cornerstone of Mumbai Climate Week. The MCW Innovation Challenge, led by the National Stock Exchange of India (NSE) as Innovation Challenge Partner, will invite early-stage and growth-ready innovators from startups, civil society, academia and the wider climate ecosystem to present high-impact solutions across three themes. Marico Innovation Foundation, Social Alpha are supporting the Innovation challenge while Climate Collective Foundation has curated a "Climate Redesign Challenge" contest for innovators. Finalists will receive mentoring and visibility and will pitch live at the MCW hub to policymakers, funders, industry leaders, philanthropies and global climate networks. Children and young people will be at the heart of MCW through a dedicated partnership with UNICEF India and YuWaah, the official Youth Engagement Partner for Mumbai Climate Week 2026. Together with Project Mumbai, they will lead youth engagement throughout January and February via a Campus Roadshow and the Youth Green Innovation Challenge for young changemakers aged 16–24. Youth-led innovations across food systems, urban resilience and energy transition will be showcased during MCW, connecting young people directly with experts, policymakers and funders. Beyond the convention centre, MCW's hub-and-spoke design activated a Sustainability Mela and a range of community experiences, including public talks, film screenings, art and culture events, neighbourhood walks and citizen workshops across Mumbai. These activities are designed to make climate action accessible, inclusive and rooted in everyday life, so that residents from diverse backgrounds can see, shape and participate in solutions. Exhibition Arena: The Hub will also host an Exhibition Arena where startups, companies, universities and NGOs showcase practical climate solutions across the themes. Exhibitors are expected to include groups such as Godrej Group, IDFC FIRST Bank, Mahindra Group, Hindustan Unilever and Mirik Tech, alongside impact-led enterprises and community initiatives, giving MCW participants a chance to see and interact with real prototypes and pilots from India and the wider Global South. The exhibition will be open throughout the three days of MCW, enabling policymakers, investors and citizens to discover solutions, offer feedback and explore opportunities for collaboration and scale. A new kind of climate week for India and the Global South Mumbai Climate Week offers a distinctly Indian and Global South–led model for climate action, rooted in citizen engagement and city-level implementation. It reflects India's resolve to lead with action on climate, as highlighted by state and city leadership in positioning MCW as a maiden, global-level climate summit for February 2026. With its Public–Private–People partnership architecture and hub-and-spoke design, MCW aims to become an annual platform where leaders, communities and partners return each year to track progress, scale successful pilots and co-create the next generation of climate solutions from Mumbai for India and the Global South. About Mumbai Climate Week Scheduled from February 17 to 19, 2026, at the Jio World Convention Centre, Mumbai Climate Week will be more than a three-day event. Its impact will be extended through preparatory activities before and synthesis efforts after the main conference, including workshops, case studies, films, testimonials, and follow-up reports. By mobilizing India's vibrant network of climate-focused organizations and movements, it will highlight the nation's pioneering efforts in climate action while charting a bold path forward. Conceptualised & initiated by Project Mumbai, a citizen-driven non-profit founded in 2018, and, in partnership with Government of Maharashtra's Department of Environment and Climate Change, and supported by Brihanmumbai Municipal Corporation, MCW reflects the vision of a dynamic megacity from the Global South stepping into a role of global climate leadership. About Project Mumbai Project Mumbai, founded in 2018 by a former renowned journalist and social entrepreneur Shishir Joshi, is a pioneering not-for-profit initiative that works as a trusted bridge between citizens, government, and private institutions to co-create solutions for the city's most pressing challenges. With a focus on participatory governance, community engagement, and public service, Project Mumbai has consistently mobilized people and partnerships to deliver impact at scale—from mental health initiatives and waste management drives to urban mobility solutions and disaster relief. Its citizen-centric model has earned recognition nationally and internationally as an example of collaborative problem-solving rooted in transparency, trust, and accountability. Logo: https://mma.prnewswire.com/media/2831726/5737009/MCW_Logo.jpg' alt='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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