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February 24, 2026
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Tariffs escalation jolts markets, triggering investor concern over AI-vulnerable firms and renewed trade uncertainty globally.
The article describes markets reacting to the administration's escalation of temporary import tariffs after the Supreme Court limited a prior broad tariff framework, with the executive signaling use of alternative statutory routes for permanent measures. That policy shift, coupled with investor selling of companies deemed vulnerable to AI-driven competition and ambiguous signals from monetary authorities, is framed as intensifying trade-policy uncertainty and contributing to sector-specific stock declines and broader market volatility.
February 24, 2026
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Tariff cap breach imperils trade agreement ratification as EU seeks clarity on unilateral global import duties.
EU legislators paused ratification of the US EU trade deal after the US announced a unilateral global import tariff under an alternative trade law; the EU says applying that duty on top of existing tariffs would breach the agreed tariff ceiling and demands clarity on how the US will honour the agreement. The measure also raises questions about bilateral deals negotiated with reference to prior tariff threats and is of limited duration unless extended by the legislature.
February 23, 2026
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Emergency powers limits shift trade leverage, constraining executive tariff authority and increasing political pressure ahead of midterms
A national emergency based tariff regime was largely invalidated by the highest court, prompting the executive to propose reliance on a narrower legal authority; coupled with a congressional resolution to end the declared emergency, these developments constrain executive tariff powers and affect trade sectors such as aluminum, steel, autos and lumber.
February 23, 2026
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Misuse of government funds prompts arrests in alleged DMF and overtime payment diversion probes and ongoing money laundering inquiry.
Anil Tuteja and Anwar Dhebar were arrested on allegations of diversion of public funds: Tuteja is accused of facilitating DMF project allotments to known firms in exchange for commissions, establishing prima facie offences of misuse of government funds, criminal conspiracy and corrupt practices, while the ED probes money laundering; Dhebar is accused of receiving commissions from diverted overtime payments billed by agencies for CSMCL workers, causing reported financial loss to the state. Both were remanded to custodial investigation and further probe is underway.
February 23, 2026
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Exchange rate volatility: Rupee edges higher as oil weakness supports the currency while geopolitical tensions cap gains.
Exchange rate movement recorded the rupee appreciating modestly against the US dollar, settling marginally stronger after declines in global crude oil prices and a softer dollar. Market dynamics included importer and foreign portfolio investor dollar purchases on dips, rising domestic debt yields that capped gains, and geopolitical tensions limiting upside. The report also notes that India's foreign exchange reserves rose to a new high, a factor relevant to reserve adequacy and forex market liquidity.
February 23, 2026
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Flexible inflation targeting review may adjust the CPI inflation target after adoption of a new CPI series.
The RBI will incorporate the new 2024-base CPI series, which broadens the consumption basket and reduces volatility, into upcoming CPI projections and the April policy estimate; this change occurs alongside the review of the flexible inflation targeting regime and the government's periodic determination of the CPI inflation target, for which the RBI has submitted recommendations after stakeholder consultation.
February 23, 2026
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Banking sector review to explore creation of mega-lenders while no current roadmap for public sector bank mergers.
No roadmap exists for public sector bank mergers; the Budget proposes a High-Level Committee on Banking for Viksit Bharat to review the sector and explore creation of mega-lenders while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring select public sector NBFCs to improve scale and efficiency. The central bank states banks are adequately capitalised to sustain credit growth and notes rising gross FDI alongside moderated net FDI due to repatriations and increased outward investment.
February 23, 2026
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Privacy guidelines extended to advertising data; companies to comply and furnish compliance report following tribunal directions.
Extension of privacy and consent safeguards to advertising-related user data is required, with Meta and WhatsApp indicating they will implement NCLAT directions to apply CCI standards to data collection and sharing for advertising. Stay applications were dismissed without prejudice and a compliance report was ordered. The CCI will examine the companies' affidavit on privacy policy and file a response, while its cross-appeal challenges the tribunal's modification permitting advertising-related data-sharing; a monetary penalty previously imposed by the CCI was retained by the tribunal.
February 23, 2026
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Tariff ruling spurs safe-haven demand, lifting precious metals prices amid renewed trade-policy uncertainty and tariff adjustments.
A US Supreme Court ruling against the contested tariff measure and a subsequent executive increase in the global tariff rate from ten per cent to fifteen per cent intensified trade-policy uncertainty, triggering cross-asset volatility and prompting safe-haven demand that drove silver and gold to multi-week highs in domestic and international markets.
February 23, 2026
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Skill development and sustainability urged to boost competitiveness through technology, design innovation and industry collaboration for graduates.
FDDI's 5th convocation conferred degrees and academic medals across programmes, with the institute stressing its contribution to skill development, research, innovation and industry engagement in the footwear, leather, fashion and retail ecosystem. Speakers urged adoption of technology, sustainability and design innovation to enhance global competitiveness, noted sectoral support for employment and MSME growth, and highlighted Hyderabad campus developments including a Centre of Excellence, modern laboratories and strengthened industry collaborations.
February 23, 2026
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Mis-selling prohibition: banks must stop bundling non-bank products and refund customers with compensation when mis-selling occurs.
Banks must stop mis-selling non-bank financial products and prioritise core banking-mobilising deposits, improving CASA, understanding customers, and lending responsibly. The Finance Minister supported RBI draft guidance that mandates full refunds and compensation for mis-selling and highlighted regulatory gaps between banking and insurance supervisors. The RBI characterised upcoming stricter mis-selling norms as consumer protection measures with effect from the announced implementation timeline.
February 23, 2026
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Workplace certification signals sustained employee trust and cultural investments as bank advances toward universal banking transition.
AU Small Finance Bank's consecutive workplace certification, grounded in employee feedback and an improved Trust Index Score, evidences its focus on employee trust and culture. The recognition reflects targeted investments in leadership, learning and development, inclusion, career mobility and a strengthened digital and IT capability to create future-ready roles, supporting the Bank's strategic progression toward universal banking.
February 23, 2026
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Regulatory clarity for crypto mining: compliance with tax, KYC and disclosure regimes shapes viable mining operations.
India's bitcoin mining market is professionalising as buyers shift to energy efficient ASICs and localised support while infrastructure improvements enable co location and data centre deployments. Electricity availability and sustainability measures (including hybrid renewables and off peak strategies) materially affect operational viability. Mining remains permitted within broader tax, AML, exchange control and emerging disclosure frameworks; operators should observe tax and KYC obligations, transparent accounting, and anticipate formalised reporting or environmental disclosure requirements.
February 23, 2026
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Gold import monitoring: government and RBI flag a recent import spike while keeping external account risks in check.
The government and the Reserve Bank of India are monitoring gold imports after a sudden January surge in value and volume; the RBI is analysing data, attributes part of the rise to global central bank purchases and domestic seasonal demand, and considers the situation not yet alarming while noting the current account remains manageable and external-sector resilience intact.
February 23, 2026
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Taxation of capital gains shifted to the company's residence; dividend rates, PE and information exchange provisions updated.
The Amending Protocol reassigns full taxing rights on capital gains from company share sales to the company's State of residence, removes the MFN clause, replaces a single dividend rate with a split withholding regime based on a ten percent ownership threshold, aligns the Fees for Technical Services definition with an established bilateral model, and expands Permanent Establishment to include Service PE.
February 23, 2026
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Banking and regulatory career preparation integrated into a BBA accelerates readiness for Grade A and Grade B recruitment while studying.
An institution launched an integrated BBA programme that combines an accredited undergraduate degree with concurrent, exam aligned preparation for Grade A and Grade B banking and regulatory recruitment. The modular curriculum covers quantitative aptitude, reasoning, English, finance, economics, current affairs, and interview training, delivered by faculty experienced in elite competitive examinations. The programme emphasises mentorship, mock testing, and time optimisation across three undergraduate years to prepare candidates for public sector regulatory posts and allied private financial sector roles.
February 23, 2026
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Quality-led manufacturing: institutionalise uniform standards and testing to convert market access into sustained export competitiveness.
Policy emphasis focuses on a quality-first agenda anchored in the zero defect, zero effect vision to convert expanded market access into export growth. A five-pillar roadmap mandates standard operating processes with continuous compliance and inspection, skilling and reskilling, gap analysis and global benchmarking, streamlined testing and certification, and shared modern testing infrastructure. Government support will finance testing facilities and assist micro and small enterprises in meeting international conformity requirements. The National Quality Conclave's multi-city, sector-specific consultations will feed into a National Quality Roadmap for Manufacturing to coordinate action across government, regulators and industry.
February 23, 2026
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Mis selling safeguards: banks must stop pushing non bank products and refocus on deposit mobilisation and lending.
The Finance Minister urged banks to stop mis selling non bank financial products and focus on core functions of deposit mobilisation and lending. She identified a regulatory gap between banking and insurance regulators that enabled unnecessary insurance sales. The RBI's draft guidelines require full refunds and compensation for mis sold products, invited public feedback until March 4, and set a proposed implementation date of July 1; the RBI also emphasised deposit and credit growth and its approach to policy rate decisions and liquidity provision.
February 23, 2026
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International drug trafficking leads to seizures and arrests after coordinated police and customs operation
An investigation targeted an international drug trafficking syndicate that used export consignments, logistics firms and courier services to smuggle psychotropic tablets abroad. Police coordination with Customs led to interception of a shipment misdeclared as household goods and, after obtaining police custody remand, a joint raid at a port warehouse recovered and seized a massive quantity of psychotropic tablets, following earlier local seizures and successive arrests that mapped the syndicate's supply chain roles.
February 23, 2026
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Tariff policy struck down spurs market rally while raising questions about future trade renegotiations and investor positioning.
The invalidation of the reciprocal tariff policy prompted investor reassessment of trade risks and the possible scope of renegotiations, boosting domestic equities-notably banks, power, FMCG and consumer discretionary-while IT faced pressure; currency moves, long-term yields, crude prices and a shift in institutional flows (foreign selling, domestic buying) moderated the overall market response.

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Axis Max Life Reports 20% YoY Growth in Individual Adjusted First Year Premium in 9M FY'26; VNB Increases by 30% YoY

February 17, 2026

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Noida, Uttar Pradesh, India (NewsVoir) 9-Months Financial Year 2026 (“9M FY’26”) Highlights: • Max Financial Services Limited reports 18% growth in consolidated revenue excluding investment income • Axis Max Life continues outperforming private industry; Private market share increases by 53 bps to 9.8% • Individual Adjusted First Year Premium at ₹6,396 crores, grew 20% YoY • Gross Written Premium: ₹25,195 crores, up 18% Year-on-Year (YoY) • Measure of profitability – Value of New Business (VNB) at ₹1,633 crores with a YoY growth of 30% • New business margin improved to 23.6%; Total APE growth of 21% achieved • Embedded Value at ₹28,110 crores, grew 16% with an Operating RoEV of 16.9% • Individual New Business Sum Assured grew by 41% • Assets Under Management (AUM) at ₹1.93 lakh crores, up by 12% YoY Max Financial Services Limited has recorded consolidated revenue excluding investment income at ₹24,625 crores, growing 18% year-on-year in 9M FY’26. The consolidated revenue including investment income stands at ₹36,891 crores and consolidated Profit after Tax (PAT) at ₹137 crores in 9M FY’26. Continuing to outpace the private life insurance industry in 9M FY’26, Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited (“Axis Max Life” / “Company”), has reported new business growth (Individual Adjusted First Year Premium) of 20% in 9M FY’26, reaching ₹6,396 crores. This has resulted in a private market share gain of 53 basis points (bps) to 9.8%. As one of the fastest growing life insurers, Axis Max Life has delivered a 21% YoY Annualized Premium Equivalent (APE) growth in the first nine months of the fiscal. This strong performance was driven by secular growth in its proprietary channels and the scaling up of new partnerships established over the past few years. In the fiscal, Axis Max Life has secured 51 new business partnerships including 24 Group and 27 Retail partnerships. Further, in 9M FY’26, Axis Max Life’s individual renewal premium grew by 17% to ₹15,551 crores, taking the Gross Written Premium to ₹25,195 crores, an 18% YoY increase. Additionally, the Company has reported New Business Margins of 23.6% in 9M FY’26 up from 21.9% during the same period last year. The Value of New Business, a measure of profitability, experienced a YoY growth of 30%, aided by improvements in product mix. Axis Max Life led the industry in Retail protection sales and has maintained leadership in the online market, in both protection and savings categories. Sumit Madan, Managing Director and Chief Executive Officer, Axis Max Life, said, "Axis Max Life’s 9M FY’26 performance reflects the strength of a well-defined strategy executed with discipline and consistency. We delivered sustained double-digit growth outpacing the private life insurance industry, emerging as the fastest-growing player among the top ten insurers and achieving the highest market share gains in the sector. This growth is driven by the strength of our Individual Adjusted First Year Premium and Value of New Business, supported by broad-based expansion across proprietary channels. Our Agency vertical remains the industry’s fastest-growing, with continued momentum across our strategic partnership businesses. As we scale, our commitment to delivering value to investors and customers remains steadfast. We are sharpening our competitive edge by focusing on elevating the customer experience through continuous digital innovation. This remains the primary engine driving our long-term growth and market leadership.” Key Financial Summary of Axis Max Life: ₹ Crores 9M FY’26 9M FY’25 YoY Financial performance Summary Individual Adjusted FYP 6,396 5,352 20% Total APE 6,908 5,731 21% Renewal Premium 15,551 13,269 17% Gross Written Premium 25,195 21,360 18% Number of Policies (000's) 638 540 18% Individual New business Sum Assured 3,67,679 2,59,925 41% Assets Under Management 1,92,688 1,71,705 12% Embedded Value 28,110 24,129 16% RoEV 16.9% 17.3% -40 bps New Business Margins 23.6% 21.9% 175 bps Value of new business 1,633 1,255 30% Solvency 201% 196% 500 bps About Max Financial Services Limited (https://maxfinancialservices.com) Max Financial Services Limited (MFSL) is part of India’s leading business conglomerate - the Max Group. Focused on Life Insurance, MFSL owns and actively manages an ~81% majority stake in Axis Max Life. MFSL is listed on the NSE and BSE. Besides a ~1.25% holding by Analjit Singh and sponsor family, some of the other group shareholders include MSI, Capital Group, Vanguard, Polar, Pictet, Jupiter, Blackrock, Kuwait Investment Authority, Abu Dhabi Investment Authority, Franklin Templeton, Pioneer, JP Morgan, Norges Bank, Principal Funds, BNP Paribas, Canada Pension Fund, MIT, Asset Management Companies - HDFC, Nippon, ICICI Prudential, DSP, SBI, Kotak, Aditya Birla Sun Life, Mirae, UTI, Canara Robeco, Invesco, HSBC, Whiteoak, Edelweiss, TATA, Bandhan, Abakkus and PGIM, and Private Life Insurance Companies – HDFC, SBI, TATA AIA, Kotak, ICICI Pru, Bajaj Allianz, Canara HSBC and Aditya Birla Sun Life. Company Information Number - L24223PB1988PLC008031 About Axis Max Life Insurance Limited (https://www.axismaxlife.com) Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr. IRDAI Registration. No – 104 Company Information Number - U74899PB2000PLC045626 Disclaimer This document has been prepared by Max Financial Services Limited (the “Company”) solely for the announcement of the Company’s financial results. This document contains certain forward-looking statements relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. When used in this document, the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “going forward”, “intend”, “may”, “ought” and similar expressions, as they relate to the Company or the Company’s management, are intended to identify forward-looking statements. These forward-looking statements reflect the Company’s views as of the date of the Presentation with respect to future events and are not a guarantee of future performance or developments. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward-looking statements. The Company assumes no obligation to update or otherwise revise these forward-looking statements for new information, events or circumstances that occur subsequent to the date of the Presentation. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The information and opinions contained herein are subject to change without notice. None of Company or any of its directors, officers, employees, agents or advisers, or any of their respective affiliates, advisers or representatives, undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise and none of them shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. This document does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The information herein is given to you solely for your own use and information, and no part of this document may be copied or reproduced, or redistributed or passed on, directly or indirectly, to any other person in any manner or published, in whole or in part, for any purpose. Axis Max Life Insurance Limited (formerly known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited ("MFSL") and Axis Bank Limited. Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122 002. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. You can call us on our Customer Helpline No. 1860 120 5577. Website: https://www.axismaxlife.com IRDAI Registration. No – 104 CIN number (U74899PB2000PLC045626) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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