Business

Mumbai, February 16, 2026: Tata Communications Limited (NSE: TATACOMM; BSE: 500483) on Monday announced the launch of a new global corporate brand identity, “Together, limitless,” marking a strategic milestone in its evolution as a global communications technology player.The company described the move as a defining moment in its 24-year journey, aimed at sharpening its differentiated competitiveness, reinforcing long-term momentum, and strengthening its leadership position in the emerging intelligent digital era.New Identity Aligns Strategy, Culture and Customer Experience The new brand positioning is designed to unify employee experience, customer engagement and commercial strategy under a single narrative. According to the...

Currency in Circulation Surges to Historic High Mumbai, February 16: India’s currency in circulation has climbed to a record high of approximately Rs 40 lakh crore by the end of January 2026, according to a report released by SBI Research on Monday.The report noted that year on year growth in currency in circulation accelerated sharply to 11.1 per cent, compared with 5.3 per cent in the previous year, indicating a stronger expansion in cash usage over the past 12 months.On an incremental year to date basis, the currency held by the public, which accounts for 97.6 per cent of total circulating currency, reached an all time high of around Rs 39 lakh crore. During the same period, currency in circulation rose by Rs 2.76 lakh crore...

Nashik, February 16, 2026: R M Drip and Sprinklers Systems Limited (NSE: RMDRIP | BSE: 544456) has announced a strategic technology partnership to enter the IoT-based smart irrigation and digital agriculture segment, marking a transition toward integrated hardware-plus-software solutions and recurring revenue streams. The initiative, set to commence from March 2026, positions the company in the rapidly expanding irrigation automation market and aligns with its long-term technology-led growth strategy. Market Opportunity: High-Growth Irrigation Automation Segment The company highlighted significant growth potential across domestic and global markets:India Irrigation Automation Market: USD 252 million (2024) projected to reach USD 899...

Indian Equity Markets Open Flat as Global Cues, AI Concerns Weigh on Sentiment Sensex, Nifty Trade With Mild Negative Bias in Early Session Mumbai, February 16: Indian equity markets begin the week on a subdued note on Monday, reflecting a cautious undertone amid weaker-than-expected earnings and sustained pressure on technology stocks linked to artificial intelligence concerns.At 9:25 am, the BSE Sensex slips 22 points, or 0.02 percent, to trade at 83,604. The NSE Nifty declines 6 points, or 0.03 percent, to 25,464.While benchmark indices remain largely flat, broader markets witness relatively sharper declines. The Nifty Midcap 100 falls 0.34 percent, and the Nifty Smallcap 100 drops 0.47 percent, indicating selling pressure beyond...

Nirmala Sitharaman Norway Visit: FM to Meet PM Jonas Gahr Store, Hold Talks With Finance and Trade Ministers Finance Minister to Engage With Norwegian Leadership, CEOs and Indian Diaspora in Oslo New Delhi, February 16: Union Finance Minister Nirmala Sitharaman is scheduled to begin a two day visit to Oslo, where she will meet senior Norwegian leadership, hold bilateral discussions, and engage with business leaders and the Indian diaspora.During her visit, Sitharaman will meet Jonas Gahr Store, Prime Minister of Norway. She will also hold bilateral meetings with Norwegian Finance Minister Jens Stoltenberg and Minister for Trade and Industry Cecilie Myrseth.The Ministry of Finance stated that the engagements will also include a...

Seoul, February 16: South Korea’s secondary stock market index, the KOSDAQ, has become the second-best-performing equity benchmark globally over the past month, ranking just behind the country’s main index, the KOSPI, amid fresh government measures aimed at strengthening the junior market.KOSDAQ Rallies Over 16% in One Month According to data compiled by Yonhap Infomax, the KOSDAQ climbed 16.45 per cent from 949.81 points on January 13 to 1,106.08 points on Friday.The strong performance placed the tech and venture-focused index ahead of several major global benchmarks. Thailand’s SET Index rose 16.05 per cent during the same period, while Turkey’s BIST 100 advanced 15.71 per cent.KOSDAQ Outpaces U.S. Markets The rally in South...

Hyundai Motor India Appoints Madhurendra Malu as Genesis Vertical Head; Anuraag Singh Exits Senior Management Role Gurugram, February 16, 2026 – Hyundai Motor India Ltd (NSE: HYUNDAI | BSE: 544274) has announced a change in its senior management structure with the appointment of Mr. Madhurendra Malu as Vertical Head – Genesis and inclusion in the Senior Management Personnel category, effective February 16, 2026. The company has also excluded Mr. Anuraag Singh, Vertical Head, from the list of Senior Management Personnel from the same date, following a change in reporting structure. Appointment of Madhurendra Malu as Senior Management Personnel Mr. Madhurendra Malu has been appointed as Vertical Head – Genesis with effect from February...

New Delhi, February 16, 2026 – Easy Trip Planners Limited (BSE: 543272 | NSE: EASEMYTRIP) has announced plans to raise up to ₹500 crore to strengthen its growth momentum and expand high-potential segments, particularly hotels and holiday offerings. The company informed the exchanges that its Board has approved, in principle, a proposal to raise funds through the issuance of equity shares and/or other eligible securities, subject to requisite approvals . Capital Raise Plan The proposed fundraise of up to ₹500 crore is aimed at:Expanding presence in high-growth verticals, especially hotels and holidays Investing in technology and platform enhancements Pursuing strategic opportunities aligned with long-term priorities Maintaining...

Mumbai, February 16, 2026 – JM Financial Limited (BSE: 523405, NSE: JMFINANC) has disclosed that 7,36,706 fully paid-up equity shares of Aadhar Housing Finance Limited have been tendered in the ongoing open offer by BCP Asia II Holdco VII Pte. Ltd., along with persons acting in concert. The shares tendered so far represent 0.65% of the total offer size, as of February 13, 2026, according to the escrow demat account statement. Open Offer Update: Shares Tendered So Far The disclosure states that the shares have been credited to the designated Open Offer Escrow Demat Account maintained for the transaction. Open Offer Tender StatusParticularsDetailsEquity Shares Tendered7,36,706 sharesPercentage of Offer Size0.65%Cut-off Date...

New Delhi, February 15 – Union Minister Dr Jitendra Singh has emphasized the crucial role of startups in driving innovation and strengthening India’s research-industry ecosystem, according to an announcement made on Sunday.At the Research-Industry-Startup-Entrepreneurship (RISE) Conclave at the Chennai Trade Centre, the minister also inaugurated the ‘Startup Expo’ and interacted with participating entrepreneurs.The ‘Startup Expo’ featured over 100 startups associated with technologies developed by CSIR laboratories, including CSIR-CLRI, CSIR-CECRI, and CSIR-SERC.The Expo showcased cutting-edge innovations in advanced materials, electrochemical technologies, infrastructure systems, sustainable manufacturing, and deep-tech...

Steel Cutting Ceremony Marks Start of Coastal Research Vessel Project Garden Reach Shipbuilders and Engineers Ltd has commenced construction of two Coastal Research Vessels for the Geological Survey of India, marking a significant addition to India’s offshore research capabilities.The ceremonial steel cutting, which formally signals the start of shipbuilding, was held in the presence of GSI Director General Asit Saha along with senior officials from GRSE and representatives of the Indian Armed Forces.Vessel Specifications and Research Capabilities Each Coastal Research Vessel will measure 64 metres in length and 13 metres in width. The ships are designed to support a wide range of offshore scientific activities.The vessels will be...

GPT 4o Removed From ChatGPT App, Developers Face API Cutoff New Delhi, February 15: OpenAI, led by Sam Altman, has removed access to the GPT 4o model from its ChatGPT application, triggering disappointment among users worldwide. The move has drawn particularly strong reactions from users in China, where many describe the chatbot as more than just a productivity tool.According to reports, GPT 4o was officially retired for app users on February 13. Developers using the model through API access are also set to lose access on the coming Monday. The decision follows an earlier attempt in August 2025 to phase out GPT 4o, which at the time led to immediate backlash from users.Users Describe GPT 4o as “Affectionate” and “Understanding” In...

Gujarat Names Uday Kotak as Chairman of GIFT City The Gujarat government has appointed Uday Kotak as the Chairman of Gujarat International Finance Tec-City Company Ltd., widely known as GIFT City, according to reports.Kotak will replace Dr. Hasmukh Adhia, who had been serving as the non-executive chairman since June 19, 2023.Leadership Transition at India’s Financial Hub Uday Kotak is the founder and former Managing Director and Chief Executive Officer of Kotak Mahindra Bank. He established the institution in 1985 as a small bill-discounting firm. Over time, it evolved into the first non-banking financial company in India to convert into a bank in 2003. He currently serves as a non-executive director at the bank.His appointment...

National Cremation Rate Hits Record High in 2024 Seoul, February 15: South Korea’s cremation rate continues its steady upward climb, intensifying concerns over potential shortages of cremation facilities, particularly in densely populated cities such as Seoul and Busan.Fresh data released on Sunday showed that the national cremation rate reached 94 percent in 2024, up from 92.9 percent in 2023. The figures were compiled by the Bank of Korea and the Ministry of Health and Welfare.The rise reflects a long-term structural shift in funeral practices across the country. The cremation rate stood at 33.5 percent in 2000, climbed to 67.5 percent by 2010, and further advanced to 89.9 percent in 2020 before reaching its current peak.Supply...

Regulator Seeks Public Comments on New Framework for Exchange Traded Funds The Securities and Exchange Board of India has proposed a revised mechanism to regulate price movements in exchange traded funds as it seeks to rein in volatility in the ETF market. In a consultation paper issued on Friday, February 13, 2026, SEBI said it will examine the base price and price band framework applicable to ETFs and has invited public comments on the proposal.The move could significantly alter trading dynamics in the ETF segment, particularly in commodities-linked funds such as gold and silver ETFs.Existing Price Band Mechanism At present, individual scrip-wise price bands of up to 20 percent on either side are applicable to all securities in...

Bharuch, February 15, 2026 (IST) – Gujarat Narmada Valley Fertilizers & Chemicals Limited (BSE: 500670 | NSE: GNFC) on Saturday informed stock exchanges that a sudden leakage of chlorine gas occurred at its TDI-I Plant in Bharuch on the night of February 14, 2026. The incident triggered an automatic shutdown of the plant’s safety systems, with operations fully restored within hours. According to the company’s communication dated February 15, 2026 , the leakage occurred at approximately 21:17 hours and was contained entirely within the plant premises. Incident Timeline and Immediate Response GNFC stated that the chlorine gas leakage led to an automatic shutdown as per the in-built safety mechanism at the facility. The company clarified...

Bengaluru, February 15, 2026 (Sunday) – Centum Electronics Limited (NSE: CENTUM | BSE: 517544) has announced a decisive global portfolio realignment, discontinuing its Canada operations and initiating restructuring actions for its French subsidiaries, as part of a broader strategy to sharpen focus on high-growth, high-reliability electronics segments. The company said these actions are aimed at arresting losses, enhancing capital efficiency, and redeploying resources toward its core Electronics System Design and Manufacturing (ESDM) operations across aerospace, defence, industrial and medical sectors. Exit from Canada Operations Centum has discontinued operations of its Canada-based subsidiaries:Centum E&S (Centum Equipment’s ET...

New Delhi, February 15 – Union Minister of State Dr. Jitendra Singh praised the consortium-driven innovation model pioneered by the IIT Madras Research Park on Sunday, stating that it has enabled the immediate and appropriate commercialization of technology and is now being adopted by several other academic institutions and universities across the country.The Minister, who holds independent charge of the Science and Technology and Earth Sciences ministries and also serves in the Prime Minister’s Office, made the remarks during his visit to the Immersive Technology and Entrepreneurship Labs (ITEL) Foundation and other advanced research facilities at the Indian Institute of Technology Madras.“This model is now being keenly picked up...

New Delhi, February 15: India is set to mark a major milestone in artificial intelligence with the launch of PARAM-2, a 17 billion parameter multilingual AI model, at the upcoming India AI Impact Summit 2026. The model has been developed under the BharatGen programme and reflects India’s push to build sovereign foundational AI systems tailored to its linguistic and governance landscape.PARAM-2: India’s Sovereign Multilingual AI Model PARAM-2 has been designed to support all 22 Scheduled Indian languages, making it one of the most comprehensive multilingual AI systems developed in the country. Trained on India focused datasets curated under Bharat Data Sagar, the model is built to address governance, cultural, and administrative...

Record-Breaking Capacity Addition India has achieved a significant milestone in its power sector, exceeding 50 GW in power generation capacity addition from all energy sources during the April-January period of the current fiscal year. An official statement confirmed this achievement, highlighting it as the highest-ever capacity addition in a single year.FY25-26 Performance During the financial year 2025–26 (up to January 31), a record 52,537 MW of generation capacity was added from all sources. This surpasses the previous record of 34,054 MW achieved during 2024–25.Renewable Energy Dominance A substantial portion of the added capacity comes from renewable energy sources, with 39,657 MW added. This includes 34,955 MW of solar power...