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      February 11, 2026
      'Yield', 'authenticate' and 'leave': Jargons swell Parliament's 'Well'
      February 11, 2026
      Rs 172 crore fake input tax credit racket busted; chemical company owner held
      February 11, 2026
      Sensex, Nifty close almost unchanged in choppy trade; IT shares decline
      February 11, 2026
      'Fine tandoori' India FTA gives UK first mover advantage, UK Parliament told
      February 11, 2026
      Grounded Jet Airways to sell 3 aircraft frames, 6 engines for USD 46 mln
      February 11, 2026
      World shares are mixed ahead of update on US employment
      February 11, 2026
      Jharkhand Assembly to go paperless, CM inaugurates NeVA Seva Kendra
      February 11, 2026
      Crypto Market News Today: Binance Adds $300M in Bitcoin for SAFU Reserve as DeepSnitch AI Crushes $1.5M in Presale
      February 11, 2026
      Rupee falls 14 paise to close at 90.70 against US dollar
      February 11, 2026
      Next Crypto to Explode: SBF Seeks New Trial While LayerZero Pumps and AVAX Dumps, But DeepSnitch AI Is the Project Offering a Potential Path to Turn $...
      February 11, 2026
      Himanta hints at increase in tea workers’ daily wages; hikes orthodox tea subsidy
      February 11, 2026
      Alliance with Congress intact: M K Stalin
      February 11, 2026
      Bhupender Yadav slams TMC govt over 'poor governance, corruption' in Bengal
      February 11, 2026
      UP Budget 2026-27: Rs 43,565 crore earmarked for new schemes
      February 11, 2026
      UP Budget: Hike in allocations to health, education and AYUSH for boosting healthcare infra, services
      February 11, 2026
      SC dismisses plea alleging absence of mechanism to make people aware of TDS obligation
      February 11, 2026
      Delhi: Occultist held for killing 3 people with poison-laced 'ladoos' in name of 'dhanvarsha'
      February 11, 2026
      UP Budget 2026-27: Rs 150 cr for Ayodhya infra, Rs 500 for CM tourism development scheme
      February 11, 2026
      Punjab: Opposition slams Bhagwant Mann over shooting at migrant labourers in Moga
      February 11, 2026
      UP has moved from 'policy paralysis' to a land of 'unlimited potential' in 9 years: CM Yogi
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    February 11, 2026
    'Yield', 'authenticate' and 'leave': Jargons swell Parliament's 'Well'
    Show AI Summary
    Parliamentary jargon clarified: authentication, leave of the House, yield, zero hour and division defined and procedural effects noted.
    Authentication requires a member to provide in writing any quoted document to the Speaker or Table of the House, affirming and verifying its contents; the presiding officer may admit or reject it and the government may act later if the authenticated document is incorrect. The Table of the House is the formal place for papers to be laid. Leave of the House permits moving or withdrawing a motion only after the Speaker's permission, while yielding the floor allows orderly interruptions subject to the Chair's discretion.
    February 11, 2026
    Rs 172 crore fake input tax credit racket busted; chemical company owner held
    Show AI Summary
    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
    Sensex, Nifty close almost unchanged in choppy trade; IT shares decline
    Show AI Summary
    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
    'Fine tandoori' India FTA gives UK first mover advantage, UK Parliament told
    Show AI Summary
    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
    Grounded Jet Airways to sell 3 aircraft frames, 6 engines for USD 46 mln
    Show AI Summary
    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
    World shares are mixed ahead of update on US employment
    Show AI Summary
    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
    Jharkhand Assembly to go paperless, CM inaugurates NeVA Seva Kendra
    Show AI Summary
    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
    Crypto Market News Today: Binance Adds $300M in Bitcoin for SAFU Reserve as DeepSnitch AI Crushes $1.5M in Presale
    Show AI Summary
    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
    Rupee falls 14 paise to close at 90.70 against US dollar
    Show AI Summary
    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
    Next Crypto to Explode: SBF Seeks New Trial While LayerZero Pumps and AVAX Dumps, But DeepSnitch AI Is the Project Offering a Potential Path to Turn $4k Into $200k
    Show AI Summary
    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
    Himanta hints at increase in tea workers’ daily wages; hikes orthodox tea subsidy
    Show AI Summary
    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
    Alliance with Congress intact: M K Stalin
    Show AI Summary
    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
    Bhupender Yadav slams TMC govt over 'poor governance, corruption' in Bengal
    Show AI Summary
    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
    UP Budget 2026-27: Rs 43,565 crore earmarked for new schemes
    Show AI Summary
    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
    UP Budget: Hike in allocations to health, education and AYUSH for boosting healthcare infra, services
    Show AI Summary
    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
    SC dismisses plea alleging absence of mechanism to make people aware of TDS obligation
    Show AI Summary
    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
    Delhi: Occultist held for killing 3 people with poison-laced 'ladoos' in name of 'dhanvarsha'
    Show AI Summary
    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
    UP Budget 2026-27: Rs 150 cr for Ayodhya infra, Rs 500 for CM tourism development scheme
    Show AI Summary
    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
    Punjab: Opposition slams Bhagwant Mann over shooting at migrant labourers in Moga
    Show AI Summary
    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
    UP has moved from 'policy paralysis' to a land of 'unlimited potential' in 9 years: CM Yogi
    Show AI Summary
    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.

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    News and Press Release

    CCI approves acquisition of low voltage motor business of Siemens Ltd. by Innomotics India Pvt Ltd.

    February 13, 2026

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    Competition Commission of India has approved the proposed combination involving Amundi Asset Management S.A.S. (Acquirer) and ICG Plc (Target).

    The proposed combination pertains to the slump sale of the low voltage motor business of Siemens Limited (Target Business) by Innomotics India Private Limited (Acquirer).

    The Acquirer is engaged in the manufacturing and supply of industrial motors (High and Medium voltage) and large drive systems (Medium voltage) to sectors such as oil & gas, metals, cement, power & marine etc. The Acquirer is part of KPS Capital Partners, LP.

    The Target Business is currently owned by the Siemens Limited. It sells low voltage motors for industrial applications in India and also exports them by following an outsourced manufacturing model.

    Detailed order of the Commission will follow.

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