February 10, 2026

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INDIAN ECONOMY

Fine print of India-US interim trade framework: The section that's India's real win

At first glance, the India–US framework for an Interim Agreement reads like a conventional tariff-for-tariff deal. A closer look at the fine print, however, shows a carefully hedged document—one that prioritises legal durability, strategic signalling and negotiating leverage over irreversible commitments. ...

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Indian goods to gain edge over China, others in US market

Commerce and Industry Minister Piyush Goyal on Sunday said Indian goods will have a competitive advantage in US markets compared to products from China and other competitor countries, which face higher levies, following the reduction in reciprocal tariffs to 18 per cent. India and the US have finalised a f...

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Inflation needs monitoring in FY27 as new CPI series kicks in: SBI Research

The trajectory of inflation needs to be monitored before taking a monetary policy call by the Reserve Bank in 2026-27, with the Consumer Price Index (CPI) series set to come into effect soon, said SBI Research in a report. The new CPI series with base year 2024 will be released on February 12, 2026, as per...

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India's real GDP to grow 6.4% in FY27: Moody's

India’s economic expansion is expected to remain among the strongest globally, with Moody’s projecting real GDP growth of 6.4% in FY2026–27, the fastest pace among G-20 economies. The agency said sustained output growth would provide a strong macroeconomic foundation, supporting financial stability and credit...

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New CPI base reflects spending reality: Saurabh Garg

Pushing back on the claims that the reduced weight of food and beverages in the new consumer price index (CPI) series would diminish the headline inflation during food price spikes, Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg has said it would not be appropriate to make ...

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Labour codes spur hiring in tier III, IV cities; job postings rise up to 56 pc: Report

As businesses expand beyond metros, labour codes are accelerating recruitment in smaller cities, pushing job postings in tier III and IV markets by up to 56 per cent, according to a report. India's Labour Codes are triggering a dramatic redistribution of job opportunities across the country, with smaller c...

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Zero duty for over half of India’s exports to US: Piyush Goyal

The trade deal with the US will bring down duties on $44 billion worth of Indian exports to its biggest market to zero—covering more than half of India’s $86.5-billion merchandise exports to the US, Commerce and Industry Minister Piyush Goyal said on Saturday. For the remaining exports, the framework of th...

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India seeking higher product coverage in Asean-India FTA

India’s aim is to liberalise trade in 80% of the tariff lines and product-specific Rules of Origin in the review of Asean India Trade in Goods Agreement (AITIGA) which it hopes will conclude in the next few months, a senior official said Sunday. “Our broad objective is to overall achieve liberalisation of ...

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Buying oil from US is in India’s strategic interests: Piyush Goyal

India’s plan to buy crude oil, LNG and LPG from the United States is driven by strategic energy diversification rather than any obligation under the proposed bilateral trade agreement, Commerce and Industry Minister Piyush Goyal said on Sunday, underlining that purchasing decisions will continue to rest with ...

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MARKET & FINANCE

SEBI mulls further tightening of fund utilisation norms amid IPO boom

Market regulator Securities and Exchange Board of India (SEBI) is considering a comprehensive tightening of the regulatory framework governing monitoring agencies to ensure timely, adequate and transparent reporting on the utilisation of issue proceeds raised through Initial Public Offers, rights issues and o...

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FPIs invested Rs 8,100 cr in a week on US trade deal

After three consecutive months of heavy selling, foreign portfolio investors (FPIs) turned net buyers in the first week of February, infusing more than Rs 8,100 crore in Indian equities, aided by improving risk sentiment, along with a trade deal with the US. The inflows follow sustained withdrawals in rec...

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Japan stocks soar to record, super-long bonds steady in nod to Takaichi's 'responsible' stimulus

Japanese stocks swept to all-time peaks while super-long bonds quickly reversed early weakness in an apparent vote of confidence in Prime Minister Sanae Takaichi's "responsible, proactive" fiscal policy. The yen initially declined to a record trough against the Swiss franc, but rapidly switched direction a...

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India-US trade deal: Rupee depreciation could slow down

With the much-awaited US-India deal getting announced during the weekend, the Indian rupee’s depreciation is expected to slow down, said experts. However, the extent of recovery remains a question. When US President Donald Trump imposed a total of 50% tariffs on Indian goods, the currency took a major hit...

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RBI removes cap on VRR to boost long-term FPI debt investments

The Reserve Bank of India on Friday unveiled a set of measures to deepen financial markets, including a major change to the voluntary retention route (VRR) for foreign investors. By scrapping the Rs 2.5 lakh crore cap and offering greater operational flexibility, the RBI aims to make long-term FPI participati...

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Can FII selling pause after India-US trade deal? 3 game-changing catalysts set to spark a trend shift

Is the FII (Foreign Institutional Investors) trend changing? For the first time since last June, FIIs are net buyers in Indian equities so far in February. Though they are net buyers of equities worth just Rs 2,645 crore, the changing world dynamics is what is making many market observers excited. The key fac...

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RBI lifts cap on foreign bond investments via lock-in route

India's central bank has removed the limit of Rs 2.5 lakh crore ($27.70 billion) for investments in debt securities under the voluntary retention route (VRR), the Reserve Bank of India governor said on Friday. "Investment through the VRR in each category of securities will be subject to the investment ceil...

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RBI issues draft rules for credit derivatives and total return swaps linked to corporate bonds

The Reserve Bank of India (RBI) has released draft rules for derivatives on credit indices and total return swaps (TRS) linked to corporate bonds. RBI in the draft said that a well-functioning credit derivatives market will improve liquidity in the corporate bond market and make it easier for companies acr...

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India-US trade deal: Rupee depreciation could slow down

With the much-awaited US-India deal getting announced during the weekend, the Indian rupee’s depreciation is expected to slow down, said experts. However, the extent of recovery remains a question. When US President Donald Trump imposed a total of 50% tariffs on Indian goods, the currency took a major hit...

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GLOBAL CORPORATE

Oil Drops More Than 1% as US-Iran Talks Ease Supply Worries

Oil prices fell more than 1% on Monday as fears of a Middle East conflict eased after the U.S. and Iran pledged to continue indirect talks about Tehran's nuclear programme, calming worries about potential supply disruptions. Brent crude futures fell 84 cents, or 1.2%, to $67.21 a barrel by 0747 GMT on Mond...

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Australian AI Infrastructure Developer Firmus Lands $10 Billion Debt Package From Blackstone, Coatue

Australian artificial intelligence company Firmus said on Monday it had finalised a $10 billion debt funding package led by global private equity firm Blackstone and Coatue Management, a New York-based technology investor. Firmus said the funding would be used to build the next phase of its Project Southga...

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New Zealand set to build LNG import facility to boost energy security

New Zealand has shortlisted contractors to build a liquefied natural gas (LNG) import facility to boost energy security, provide a reliable backup power source and support economic growth, Energy Minister Simon Watts said on Monday. The government aims to sign a contract by the middle of this year for an i...

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INCOME TAX

Good news for taxpayers in old tax regime: Higher HRA benefits extended to these new cities in new draft Income Tax Rules, 2026

Taxpayers residing in cities like Bengaluru, Hyderabad, Pune and Ahmedabad in rented accommodations are set to get significant tax relief as the government has proposed the expansion of 50% house rent allowance (HRA) exemption under the old tax regime....

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Govt publishes draft income tax rules 2026: How ITR-1 to ITR-7 may change for taxpayers

India’s income tax system is set for a structural reset. The Income-tax Act, 2025 will come into force from April 1, 2026, replacing the six-decade-old Income-tax Act, 1961. To operationalise the new law, the government has drafted the Income-tax Rules, 2026, along with revised tax forms, including ITR forms....

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Banking

PSU banks’ profit set to cross Rs 2 lakh crore in FY26, says DFS Secretary Nagaraju

Public sector banks (PSBs) are on track to post a record combined profit exceeding Rs 2 lakh crore in the current financial year, Financial Services Secretary M Nagaraju said, expressing confidence in the sector’s improving financial strength and resilience. Speaking to PTI, Nagaraju emphasised that the br...

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Govt to constitute high-level panel on banking soon: FM Sitharaman

The government will soon constitute a High-Level Committee on Banking for Viksit Bharat to draw up a blueprint to create mega-lenders capable of meeting the financing needs of a developed India, Finance Minister Nirmala Sitharaman said. "We want the committee to tell us what kind of things we need to do so...

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Banks rely on bulk deposits as retail dries up

When retail deposits are not growing enough, banks have increased their dependence on bulk or wholesale deposits to meet higher credit demand. For example, Bank of Baroda’s bulk deposits (including certificate of deposits) grew 18.6% on year, while retail term deposits grew merely 9.8% year-over-year, as ...

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GLOBAL ECONOMY

UK Jobs Downturn Abates Slightly, Starting Pay Stronger, REC/KPMG Say

Starting salaries for permanent staff in Britain showed their biggest rise in nearly a year and a half in January, according to a survey on Monday that also showed the downturn in the number of new permanent staff recruiters hired...

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South Korea Parliament Forms Committee to Fast-Track US Investment Legislation

South Korea's parliament voted on Monday to form a special committee to accelerate legislation tied to Seoul's $350 billion investment commitments in the United States under a trade agreement between the countries. The committe...

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Japan's $1.4 Trillion FX Reserves Under Scrutiny as Takaichi Hunts for Revenue Sources

Japan's massive foreign currency reserves, a priority war-chest for future yen interventions, have come under renewed scrutiny as Prime Minister Sanae Takaichi scours for funding to bankroll a controversial plan to suspend a consu...

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Turkey to Maintain Tight Monetary Policy and Fiscal Discipline, Vice President Says

Turkey will maintain its tight monetary policy and keep fiscal discipline in order to further lower inflation, Vice President Cevdet Yilmaz said on Saturday. Turkish consumer price inflation leapt to a higher-than-expected 4.84...

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Japan Must Take 'Professional' Approach in Tapping FX Reserves, Finance Minister Says

Japan must take a "professional" approach in tapping its huge foreign reserves to fund spending and tax cuts as doing so would not be easy, Finance Minister Satsuki Katayama said on Sunday. Tapping foreign reserves could be an ...

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INDIAN CORPORATE

Titan eyes Swiss watch boom post EU trade pact, sets $2 bn overall watch sales target by FY30

Leading watch maker Titan Company expects sales of luxury Swiss watches to rise sharply in India following the recent India-EU Free Trade Agreement, which has further lowered import duties on such products, said a top company offi...

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L&T to expand data centre capacity to 32 MW by March

Infrastructure major Larsen & Toubro (L&T) plans to commission 18 MW of data centre capacity by March-end, taking its total operational capacity to 32 MW by the end of the current fiscal. The total capital expenditure for the d...

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SBI outperforms street expectations; posts its highest-ever quarterly profit of Rs 21,028 crore

State Bank of India (SBI), the country’s largest lender, delivered its highest-ever quarterly profit, supported by strong credit demand, healthy deposit mobilisation and continued improvement in asset quality. SBI beat street exp...

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SBI eyes Rs 15 lakh crore in its wealth management AUM by 2030

State Bank of India’s (SBI) wealth management franchise has set an ambitious target to scale its total assets under management (AUM) to Rs 15 lakh crore by 2030. Interestingly, in its first nine months of FY26, India’s largest len...

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