Business

New Delhi, February 9, 2026, IST: Max Estates Limited (BSE: 544008 | NSE: MAXESTATES) today reported strong operating momentum alongside its unaudited Q3 and nine-month FY26 performance, driven by robust residential demand in Gurugram and accelerating commercial leasing traction. The company has crossed ₹1,900 crore in pre-sales year-to-date in Gurugram, underpinned by the launch of its latest LiveWell residential project, Estate 361. Key Operating Highlights Estate 361 Launch, Gurugram Max Estates launched Phase 1 of Estate 361 in Sector 36A, Gurugram, a forest-anchored residential community with a Gross Development Value of approximately ₹2,500 crore. The project is spread across 18.23 acres and integrates over 2,50,000 sq ft of...

Hyderabad, February 9, 2026: Bartronics India Limited (BSE: 532694, NSE: ASMS) on Monday announced the appointment of Dr. Raja Krishna Murthy as Head – Agri Tech Business, a move aimed at accelerating the company’s expansion into agri-tech and climate-focused platforms under Project Avio Agritech.Strategic Leadership to Drive Agri-Tech and Climate Growth The appointment strengthens Bartronics’ senior leadership at a time when the company is scaling Project Avio Agritech, its integrated agri-tech platform designed to create new and scalable revenue streams. The initiative spans agri-commerce, sustainable agriculture, digital advisory services, and climate and carbon solutions, while leveraging Bartronics’ extensive rural footprint...

Chandigarh, February 8, 2026: SML Mahindra Limited (BSE: 505192 | NSE: SMLMAH) reported a strong operational performance for January 2026, with sharp year-on-year growth across production, sales, and exports, reflecting improving demand momentum in the commercial vehicle segment. Production, Sales and Export Performance During January 2026, the company recorded a significant increase in commercial vehicle output, supported by higher dispatches and steady export traction. Operational Performance Comparison (January)ParticularsJan 2025Jan 2026YoY ChangeProduction (Units)1,2971,681+29.6%Sales (Units)9251,220+31.9%Exports (Units)100117+17.0%Production rose by nearly 30 percent year-on-year to 1,681 units, while domestic and...

Tariff Rollback Linked to India’s Oil Import Commitment The United States has announced the removal of the additional 25 percent tariffs imposed on Indian goods after India committed to stop directly or indirectly importing Russian oil. The decision takes effect from February 7, marking a significant shift in trade relations between the two countries.According to an executive order issued by the White House, Indian products entering the United States on or after 12.01 am Eastern Standard Time on February 7, 2026, will no longer be subject to the additional ad valorem duty that had been imposed earlier.Background to the Tariff Decision In August last year, the US had imposed reciprocal tariffs of 25 percent along with an additional...

New Delhi, February 7, 2026 (Saturday) India and the United States have announced a framework for an Interim Trade Agreement, marking a significant step in bilateral economic engagement and setting the stage for deeper cooperation under a proposed Bilateral Trade Agreement. The interim framework outlines reciprocal tariff adjustments, market access commitments, and a roadmap for expanded trade and technology cooperation between the two countries.Interim Agreement Anchors Reciprocal Tariff Commitments Under the framework, India has committed to eliminate or reduce tariffs on all US industrial goods and a wide range of American food and agricultural products. These include dried distillers’ grains, red sorghum for animal feed, tree...

Trade Focus on Energy, Technology, Aviation and Critical Materials India has outlined plans to purchase goods worth USD 500 billion from the United States over the next five years, covering a wide range of sectors including energy products, aircraft and aircraft components, precious metals, technology products and coking coal, according to a joint statement released on Friday.The statement said the proposed purchases would span strategic and industrially critical segments, reflecting an effort to deepen bilateral trade ties between India and the United States.Push for Technology Trade and Data Centre Equipment Both countries also plan to significantly expand trade in technology products. This includes items used in data centres such...

Major Export Opportunity for MSMEs, Farmers and Fishermen India’s proposed trade pact with the United States is set to unlock access to a USD 30 trillion market for Indian exporters, with significant benefits expected for MSMEs, farmers and fishermen. Commerce and Industry Minister Piyush Goyal said the agreement would also generate lakhs of new employment opportunities, particularly for women and youth across the country.Interim Agreement Framework Finalised According to the minister, India has reached a framework for an Interim Agreement with the United States under the leadership of Narendra Modi. The framework is expected to significantly expand India’s export footprint in the world’s largest economy.Tariff Cuts to Boost Key...

Tariff Cuts and Broader Access to Indian Market US President Donald Trump is expanding access for American farmers and producers to one of the world’s largest economies under a new trade arrangement with India, according to the United States Trade Representative.The agency said India has committed to eliminating or lowering tariffs on all US industrial goods and a wide range of agricultural products. This move is aimed at improving market access for American exports across multiple sectors.Agricultural and Industrial Goods in Focus The agreement covers a broad spectrum of agricultural products, including tree nuts, dried distillers’ grains, red sorghum, and fresh and processed fruits. The USTR said the arrangement will open new...

Tariff Cuts to Ease Market Access for Indian Exporters India and the United States have announced a framework for an interim trade agreement aimed at significantly reducing import duties on a wide range of goods, marking a major step toward strengthening bilateral trade ties. The framework is designed to provide immediate relief to exporters and set the stage for a comprehensive Bilateral Trade Agreement in the future.Under the arrangement, the United States will reduce import duties on Indian goods to 18 percent from the earlier level of 50 percent. This follows the withdrawal of the additional 25 percent tariffs imposed last year, after India committed to stopping direct or indirect imports of Russian oil.Interim Pact Opens USD 30...

Tariff Reduction and Trade Commitments Announced The United States and India on Saturday announced that they have reached a framework for an interim trade agreement, under which America will reduce tariffs on Indian goods to 18 per cent. The development was confirmed through a joint statement issued by the White House.Framework Linked to Ongoing Bilateral Trade Talks According to the statement, the framework reaffirms the commitment of both countries to the broader US India Bilateral Trade Agreement negotiations. These talks were launched by US President Donald J Trump and Indian Prime Minister Narendra Modi on February 13, 2025.The framework also includes provisions for additional market access commitments and aims to support more...

Extended Timeline for India’s Largest Oil and Gas Acreage Offering The government has extended the deadline for submitting bids under the tenth round of the Open Acreage Licensing Policy, known as OALP-X, by an additional three months. The new bid submission closing date is May 29, 2026, as updated by the Directorate General of Hydrocarbons.This marks the fourth extension for the current bid round. While no official reason was cited for the revised timeline, the extension allows potential investors more time to review the recently liberalised rules framed following the passage of the Oilfields Regulation and Development Amendment Bill.OALP-X Launch and Previous Extensions OALP-X was launched in February during India Energy Week 2025...

Move Aims to Boost Credit Access and Strengthen Last-Mile Lending The Reserve Bank of India on Friday announced a significant step to improve access to formal credit for Micro and Small Enterprises (MSEs) by enhancing the limit for collateral-free loans from ₹10 lakh to ₹20 lakh. The move is aimed at supporting entrepreneurial activity and strengthening last-mile credit delivery across the sector.The announcement was made by Sanjay Malhotra, Governor of the Reserve Bank of India, while unveiling the sixth and final bi-monthly monetary policy review of the current financial year.The revised limit will apply to all loans to MSE borrowers that are sanctioned or renewed on or after April 1, 2026. The central bank said that detailed...

Inflation Projections See Modest Increase The Reserve Bank of India has revised its inflation projections upward for the current financial year and the first half of the next fiscal, citing a rise in prices of precious metals as the primary driver.For 2025–26, the central bank now projects inflation at 2.1 percent, higher than its earlier estimate of 2 percent made in December. Looking ahead, consumer price index based inflation is projected at 4 percent for the first quarter of 2026–27 and 4.2 percent for the second quarter of the same fiscal year.Recent Inflation Trends Remain Subdued Headline CPI inflation remained low in recent months, standing at 0.7 percent in November and 1.3 percent in December 2025. Food prices continued to...

Policy Decision Reflects Benign Inflation and Easing Growth Concerns The Reserve Bank of India on Friday kept its benchmark interest rate unchanged, aligning with expectations as inflation remained manageable and growth concerns eased. The assessment follows increased government spending in the Union Budget and reduced tariff pressures after a trade agreement with the United States.The central bank’s six member Monetary Policy Committee voted unanimously to retain the repurchase or repo rate at 5.25 percent. The RBI also maintained its neutral policy stance, signalling that rates are likely to remain on hold for now.External Developments and Trade Relief Support Outlook Earlier this week, US President Donald Trump announced a...

RBI Moves to Strengthen Customer Protection in Digital Payments The Reserve Bank Governor Sanjay Malhotra on Friday announced a proposed framework to compensate bank customers up to Rs 25,000 for losses arising from small-value fraudulent transactions. The announcement was made while unveiling the last bi-monthly monetary policy of the current financial year.The proposed compensation framework forms part of a broader effort by the Reserve Bank of India to enhance consumer protection amid the rapid adoption of digital banking and payment systems across the country.Discussion Paper Planned on Digital Payment Safety As part of the policy measures, the central bank will release a discussion paper outlining possible steps to improve the...

Gurugram, Friday, February 6, 2026: ACME Solar Holdings Limited (BSE: 544283, NSE: ACMESOLAR) on Friday announced two key developments that strengthen its renewable energy portfolio and financing profile. The company secured a 301 MW assured peak supply FDRE project, while its wholly owned subsidiary received a long-term AA- credit rating for a 300 MW solar project. ACME Solar Wins 301 MW Assured Peak Supply FDRE Project ACME Solar has secured a 301 MW / 1,204 MWh assured peak supply FDRE-VII project through an e-reverse auction conducted on February 5, 2026. Following this win, the company’s overall contracted portfolio has expanded to 8,071 MW, covering solar, wind, storage, hybrid, FDRE and round-the-clock solutions. The formal...

Haryana, Friday, February 6, 2026: Talbros Automotive Components Limited (BSE: 505160 | NSE: TALBROAUTO) on Friday announced that it, along with its joint ventures, has secured multi-year orders aggregating over ₹1,000 crore from leading original equipment manufacturers across domestic and international markets. The orders are scheduled to be executed over the next five years, with commercialisation expected to begin from FY27. The wins span the company’s full product portfolio, including gaskets, heat shields, forgings, chassis components, hoses, and anti-vibration parts. Strong Order Inflows Across Core Businesses The latest order inflows reflect a diversified mix of export-led demand, domestic business, and growing exposure to...

Mumbai, February 6, 2026 (Friday): YES Bank confirmed the receipt of ₹282 crore as part of a one-time settlement with a borrower linked to a non-performing advance, marking a recovery from a previously stressed exposure.The bank had entered into a settlement agreement with the borrower in November 2025, under which a total amount of ₹288 crore was agreed as full and final settlement of outstanding dues. Of this, ₹282 crore has already been received, while the remaining balance is expected to be realised shortly.According to the bank, the net proceeds from the settlement exceed the underlying net carrying value of the asset on its books, resulting in a positive financial impact from the recovery. The receipt of funds is expected to...

Leadership and specialised talent remain key drivers of higher compensation growth General annual salary increments across industries are expected to stabilise in the range of 8 to 12 percent, reflecting a more balanced and sustainable compensation environment in 2026. At the same time, professionals with niche technical skills and strong leadership capabilities continue to command significantly higher pay hikes, with compensation increases of up to 30 percent when switching jobs.According to the Salary Guide 2026 released by Michael Page India, demand remains firm for talent that brings specialised expertise and strategic leadership depth, even as overall salary movements moderate after several years of accelerated growth.Senior...

A special court in Mumbai has discharged the now-defunct Dewan Housing Finance Corp Ltd in a ₹5,050 crore money laundering case, holding that the company, now under new ownership, is entitled to statutory protection following the completion of its insolvency resolution process.Immunity Limited to the Corporate Entity While granting relief to DHFL as a corporate entity, the court made it clear that the protection does not extend to individuals linked to the alleged offences. Those who were involved in the company’s affairs prior to the insolvency process will continue to face prosecution.The order, passed on February 2 and made available on Wednesday, stated that once a resolution plan is approved by the competent authority, the...