February 06, 2026

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IMC EVENTS

NOTICE

Notifications

 
CUSTOMS

3
Feb

Circular No. 01 /2026-Customs (Delhi)
Extending export benefits for exports made through Postal mode- Amendment to Circular No. 25/2022-Customs dated 09.12.2022

3
Feb

Circular No. 02 /2026-Customs (Delhi)
Clarification on the term RPA (Remote Pilot Aircraft) for military use

3
Feb

Circular No. 03 /2026-Customs (Delhi)
Extension of time period under Deferred Payment of Import Duty Rules, 2016 and addition of eligible manufacture importer in class of eligible importers to avail the facility

3
Feb

Circular No. 04 /2026-Customs (Delhi)
Guidelines for uniform implementation of Baggage Rules, 2026.

3
Feb

Circular No. 05 /2026-Customs (Delhi)
Onboarding of CDSCO, WCCB, Textile Committee and MeitY on SWIFT 2.0 as Single Touch Point for Trade.

3
Feb

Circular No. 06 /2026-Customs (Delhi)
Automation of Customs processes in import and export

3
Feb

Circular No. 07 /2026-Customs (Delhi)
Introduction of system-based e-Scheduling for examination of cargo and mandatory use of Body Worn Cameras (BWC) during examination of import cargo.

2
Feb

Notification No. 11 /2026 - CUSTOMS (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

2
Feb

Notification No. 12 /2026 - CUSTOMS (Delhi)
G.S.R.... (E). In exercise of the powers conferred by the proviso to sub-section (1) of section 47 of the Customs Act, 1962 (52 of 1962)

2
Feb

Notification No. 13 /2026 - CUSTOMS (Delhi)
G.S.R....(E). In exercise of the powers conferred by the proviso to sub-section (1) of section 47 and section 156 of the Customs Act, 1962

2
Feb

Notification No. 14 /2026 - CUSTOMS (Delhi)
G.S.R.... (E). - In exercise of the powers conferred by section 79 of the Customs Act, 1962 (52 of 1962)

2
Feb

Notification No. 15 /2026 - CUSTOMS (Delhi)
S.O....- In exercise of the powers conferred by section 81 of the Customs Act, 1962

INCOME TAX

2
Feb

Notification No. 16/2026 (Delhi)
S.O. 433(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

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INDIAN ECONOMY

Joint statement on India–US trade deal due in 4-5 days: Trade minister

India and the United States are expected to issue a joint statement within the next four to five days on the proposed bilateral trade agreement, with the first tranche of the deal almost ready, the trade minister said on Thursday. Piyush Goyal said discussions between New Delhi and Washington were progress...

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India to ensure its record borrowing plan doesn't disturb markets, economic affairs secretary says

The Indian government will use various instruments, including bond switches, to ensure its record borrowings in the fiscal year starting April do not unsettle the market or push up yields, a senior finance ministry official said. The borrowing plan will make sure rates are competitive and the market is not...

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India-US energy corridor talks focus on India's growth-linked energy priorities

India's ambition to maintain high economic growth is closely linked to long-term energy security, Consul General D C Manjunath said, underlining the importance of dialogue and cooperation with the US industry to ensure reliable and affordable energy supplies, while advancing cleaner technologies and innovatio...

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India sets sail to add more trade muscle as it signs FTA terms with Gulf Cooperation Council

India signed the terms of reference for a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) on Thursday to restart talks for a trade pact that is overdue since 2004. FTA talks between India and the Middle-East group began with the signing of a framework agreement in 2004, followed by two r...

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India’s GDP can reach $25–30 trillion in 20–30 years: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani said that India’s GDP could grow to $25-30 trillion in the next 20-30 years. He hinted that India could sustain a double-digit growth. “I think that the Indian opportunity—we stand at about $4.5 trillion of GDP in a $110 trillion world. I like seeing us outgrowing...

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India, GCC to re-start negotiations on FTA

The negotiations between India and six-nation Gulf Cooperation Council (GCC) for a Free Trade Agreement (FTA) are ready to take-off more than two decades after the first attempt was made. Both sides would be signing the Terms of Reference (ToR) of the agreement on Thursday which establish the framework, sc...

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India’s growth bet needs scale, not caution: Ambani, Fink

India’s next phase of growth will demand both scale and conviction, with the country needing the equivalent of “100 new Reliances” over the next few decades even as artificial intelligence reshapes global productivity rather than inflating a speculative bubble, Mukesh Ambani and Larry Fink said at a joint int...

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MARKET & FINANCE

Bitcoin Slumps With Key $70,000 Level in Sight

Bitcoin was on the cusp of breaking below the key $70,000 level on Thursday as a slide in the world's largest cryptocurrency showed no signs of stopping. Bitcoin tumbled more than 3% in the Asian session to $70,052.38, its lowest level since November 2024. Ether, the world's second-largest cryptocurrenc...

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Japanese government bonds rise on solid 30-year auction as snap election looms

Longer-dated Japanese government bonds rose on Thursday following solid demand at a closely watched auction of 30-year debt, even as a crucial election loomed on Sunday that would shape the government's big fiscal stimulus plans. The 30-year JGB yield sank 6.5 basis points (bps) to 3.57% by 0611 GMT, while...

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GLOBAL CORPORATE

Tesla UK Sales Plunge in January as Chinese Rivals Race Ahead, New Automotive Data Shows

Tesla sold less than half the number of battery-electric vehicles recorded by Chinese rival BYD in the UK last month, data from New Automotive showed on Wednesday, pointing to mounting competitive pressures on the U.S. automaker. UK car sales of Tesla plunged more than 57% over the year earlier to 647 vehi...

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US, Mexico to Develop Coordinated Trade Policies on Critical Minerals

The United States and Mexico on Wednesday unveiled a 60-day plan to develop coordinated trade policies aimed at mitigating vulnerabilities in critical mineral supply chains, including possible price floors for certain mineral imports. The plan, which includes no specific mention of China and its chokehold ...

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TSMC CEO Flags 3-Nanometre Chip Production in Japan, Investment Reported at $17 Billion

TSMC plans to mass produce advanced 3-nanometre chips in Kumamoto in southern Japan, TSMC CEO C.C. Wei said on Thursday, an investment local media reported was worth $17 billion as the Taiwanese firm seeks to meet soaring demand for AI chips. TSMC, the world’s largest contract chipmaker and a key supplier ...

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Google Goes From Laggard to Leader as It Pulls Ahead of OpenAI With Stellar AI Growth

Alphabet is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock. Alphabet executives struck a more confident tone on the company'...

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Exclusive-BYD Shifts to Local Parts in Brazil Factory in Bid for Market Leadership

Chinese automaker BYD is aiming to produce and source 50% of its vehicle components locally at its new Brazilian factory by the end of 2026, the company’s top executive in the country told Reuters, amid concerns about the EV giant undercutting the local industry. Senior Vice President Alexandre Baldy said ...

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EU lawmakers agree to unfreeze US trade deal after Trump's Greenland backtrack

European Union lawmakers decided on Wednesday to resume work on enacting the EU's trade deal with the United States, which they had suspended in protest against President Donald Trump's demands to acquire Greenland and his threats of related tariffs. The European Parliament's trade committee had been due t...

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Oil prices fall as US, Iran agree to talks, easing conflict concerns

Oil prices fell on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, easing concerns of a potential military conflict between them that could disrupt supply from the key Middle East-producing region. Brent crude futures fell $1, or 1.4%, to $68.47 per barrel at 0152 GMT. U.S. West Te...

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INCOME TAX

Old tax regime is not going to end soon: CBDT chairman rules out sunset clause for old regime

Ravi Agrawal, chairman of the Central Board of Direct Taxes (CBDT), has made it clear that the old tax regime is not going away anytime soon even though about 88% individual taxpayers have switched to the new regime. He mentioned that the Indian government is not considering a sunset clause for the old tax re...

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Fire H-1B workers or pay India’s tax — US firms in a bind

Thousands of H-1B workers who travelled to India are now stuck there for months because of long visa interview delays. What began as a routine trip home has turned into a major headache—not just for workers, but also for their US employers. Companies are now struggling with a tough question: should they allow...

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Banking

Centre, RBI weigh linking UPI with Singapore's Alipay+ for cross-border payments

The Centre and the Reserve Bank of India are examining a proposal to link India's Unified Payments Interface (UPI) with Singapore's Alipay to facilitate cross-border payments. If the proposal is adopted, it will allow Indians travelling overseas to make UPI payments via the Alipay+ system and vice-versa. P...

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Tariff cut lifts lending outlook for banks, NBFCs

Banks and non-bank finance companies (NBFCs) with exposure to tariff-affected sectors are likely to see a revival in lending activity following the reduction in US tariffs from 25% to 18%, though lenders remain cautious as they await the final contours of the trade agreement. When the US tariff hike was a...

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GLOBAL ECONOMY

Economically weak nations not taken seriously on world stage: NITI Aayog ex-vice-chair Kumar

A robust economy forms the foundation of a strong foreign policy and India must grow faster and increase its share in global trade to gain respect on the world stage, economist and NITI Aayog's former vice-chairman Rajiv Kumar has...

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Indonesian economic growth tops 5% on consumption boost

Indonesia's economy picked up pace last year to grow more than five percent, data showed Thursday, thanks to a pick-up in consumption following a huge government stimulus package. The government unveiled a $1.5 billion package of...

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Canada's Services PMI Shows Sector Downturn Gathering Pace in January

The downturn in Canada's services economy deepened in January as trade uncertainty contributed to declines in activity and new business, S&P Global's Canada services PMI data showed on Wednesday. The headline Business Activity ...

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Thai Headline CPI Drops More Than Forecast in January, to Rise From April, Ministry Says

Thailand's annual headline inflation rate was negative for a 10th straight month in January, driven by lower energy prices and government support measures, but is set to turn positive by April, the commerce ministry said on Thursd...

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Pakistan Must Create 30 Million Jobs Over Next Decade, World Bank President Says

Pakistan must create up to 30 million jobs over the next decade to turn its youth bulge into an economic dividend or risk instability and outward migration, World Bank President Ajay Banga said in an interview with Reuters. Pa...

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German Industrial Orders Rise 7.8% in December

German industrial orders rose 7.8% in December, when compared with the previous month, on a seasonally and calendar-adjusted basis, the federal statistics office said on Thursday. A Reuters poll of analysts had pointed to a fa...

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Global Investors Betting on 'Rising Star' Malaysia as Foreign Cash Piles In

Malaysian assets are drawing global investors as a soft U.S. dollar and rising geopolitical tensions spur diversification and the country's stability and growth are seen as an attractive alternative to stuttering regional rivals. ...

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INDIAN CORPORATE

Coal India board clears Chile arm for lithium, copper; approves over Rs 6,300cr investments

Coal India Ltd's board on Wednesday approved setting up an intermediate holding company in Chile to pursue critical minerals opportunities, including lithium and copper, as both countries move closer to finalising a free trade agr...

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Tata Motors to start assembling Range Rover Evoque in its new India plant

Jaguar Land Rover will begin assembling the Range Rover Evoque at a new factory in southern India on Feb. 9, accelerating a shift to relocate production and capture surging domestic demand for luxury cars. The first vehicle wil...

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Bajaj Finserv Q3 FY26 profit slips marginally to Rs 2,229 crore; Income rises 24%

Bajaj Finance reported a marginal 0.09 per cent YoY profit decline in the third quarter of FY26. The company posted a consolidated net profit of Rs 2,229 crore in Q3 FY26. The financial service sector company’s consolidated net pr...

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BHEL wins Rs 1,200 crore BTG package order for Hindalco’s Aditya Aluminium unit in Odisha

Bharat Heavy Electrical (BHEL) secured an order in the range of Rs 1,200-1,500 crore from Hindalco Industries. The state owned company in its BSE release said that the order win is for the execution of a 2 x 150 MW BTG package ...

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‘We are investing Rs 25,000 cr in city gas distribution over five years’: BPCL CMD

State-run Bharat Petroleum Corporation (BPCL) is stepping up investments across gas infrastructure, global fuel trading, refining expansion and clean energy as part of a broader strategy to strengthen its core business while build...

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Tata Power Q3 profit drops 25% to Rs 772 cr

Tata Power on Wednesday reported a 25% drop in net profit for the third quarter of FY26 at Rs 772 crore as compared to Rs 1,031 crore during the same period last year. Analysts had estimated a net profit of Rs 919 crore for the qu...

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