Business

Mumbai, February 5, 2026: Swan Defence and Heavy Industries Limited (BSE: 533107, NSE: SWANDEF) has secured a significant defence export order from the Government of the Sultanate of Oman for the supply of a state-of-the-art naval training ship. The vessel is intended to support advanced training and maritime operations of the Royal Navy of Oman, with delivery expected within 18 months. Key Details of the Order The order marks a major milestone for the company’s defence shipbuilding operations and strengthens India’s position in the global maritime and defence manufacturing space. The project also reinforces bilateral maritime cooperation between India and Oman. Vessel Specifications and Capabilities The training ship will have the...

Bengaluru, February 5, 2026 – Strides Pharma Science Limited on Wednesday announced a key operational milestone for its US business, with its step-down subsidiary Strides Pharma Inc receiving an inspection closure report for its formulations facility at Chestnut Ridge, New York.The inspection at the Chestnut Ridge plant was conducted between December 17 and December 23, 2025, and covered manufacturing practices along with capabilities related to drug-device combinations. The assessment also included the company’s recent filing activity in the nasal sprays segment.Following the review of the company’s responses submitted after the inspection, the facility has now received confirmation that the inspection has been formally closed...

Mumbai, February 4, 2026 – Samvardhana Motherson International Limited (NSE: MOTHERSON, BSE: 517334) on Tuesday disclosed that its indirect wholly owned subsidiary in France, SMRC Automotive Modules France SAS, has been levied a monetary penalty following a routine audit related to social contribution calculations. The penalty has been imposed on SMRC France after an audit covering the periods 2022, 2023, and 2024, relating to adjustments in social security contribution computations. Penalty Details and Financial Exposure According to the disclosure, the French subsidiary has been directed to pay a penalty of €74,592, which translates to approximately ₹79.41 lakh. The order was dated January 28, 2026, and was received by the subsidiary...

Consultation Paper Seeks Greater Clarity, Fairness, and Reduced Regulatory Uncertainty Markets regulator Securities and Exchange Board of India on Wednesday proposed a comprehensive revamp of the Fit and Proper Person framework governing market intermediaries, aiming to strengthen procedural clarity, fairness, and predictability in regulatory assessments.In a consultation paper, the regulator suggested amendments to Schedule II of the Intermediaries Regulations, 2008, which define the Fit and Proper Person criteria applicable to intermediaries, their key management personnel, and persons in control. The proposed changes focus on codifying procedural rights, refining disqualification triggers, and reducing uncertainty for applicants...

End of Trade Frictions Can Spur Investment Decisions Securities market regulator Securities and Exchange Board of India Chairman Tuhin Kanta Pandey on Wednesday said that the easing of trade frictions through international trade agreements, including the recent deal with the United States, plays a critical role in removing uncertainty from the investment environment and accelerating capital formation in the country.Responding to queries on whether such trade arrangements could encourage higher foreign capital inflows, Pandey noted that the removal of regulatory and trade-related overhangs helps investors take clearer and faster investment decisions. According to him, greater predictability around policy and capital flows creates...

Mumbai, February 3, 2026 BASF India Limited (BASF) has received a formal no-objection clearance for its proposed restructuring plan involving the separation of its Agricultural Solutions business into a wholly owned subsidiary, BASF Agricultural Solutions India Limited. Key Development The approval clears the way for BASF India to move ahead with its plan to transfer its Agricultural Solutions business into a separate entity through a demerger. The observation letter confirms that there are no objections to the proposed scheme at this stage, allowing the company to proceed with the next steps in the process. The restructuring is aimed at creating a more focused operational structure, enabling each business to pursue independent growth...

Finance Minister Welcomes Major Trade Breakthrough Finance Minister Nirmala Sitharaman on Tuesday welcomed the decision by the United States to reduce tariffs on Indian goods, calling it a significant boost for the Made in India initiative. She said Indian products will now face a reduced reciprocal tariff of 18 percent, improving their competitiveness in the American market.In a social media post, the finance minister described the move as good news for Indian manufacturing and exports, stating that people in both countries stand to benefit from closer economic cooperation.Modi Trump Talks Lead to Tariff Reduction The tariff cut follows a high level telephonic conversation between Prime Minister Narendra Modi and US President...

Mumbai, February 3, 2026: Indian equity benchmarks opened sharply higher on Monday, with the NIFTY 50 and BSE Sensex logging strong gains, supported by positive sentiment following the announcement of reduced US tariffs on Made-in-India products after India–US bilateral discussions. Nifty 50 Records Broad-Based Rally The Nifty 50 opened at 26,308.05, rising 1,219.65 points or 4.86 percent from its previous close of 25,088.40. The index remained firmly in the green through early trade, touching an intraday high of 26,373.20. Market breadth was decisively positive, with all 50 index constituents advancing, indicating broad-based participation across sectors. Key Nifty metrics:ParticularsDetailsOpen26,308.05Intraday High26,373.20...

Hyderabad, February 3, 2025: Blue Cloud Softech Solutions Ltd (BSE: 539607) announced the successful completion of a Proof of Concept for its BluHealth Screener and BluHealth Scanner at Madgaon Railway Station in Goa, marking a key milestone in the deployment of AI-enabled preventive health screening solutions within live railway operations.PoC Execution and Key Outcomes The two-day exercise, conducted on January 15 and 16, tested BluHealth’s AI-driven screening platform in a high-footfall public environment. The PoC involved 44 participants, including 30 Konkan Railway staff members and 14 passengers, under the supervision of 5 to 7 railway officials, with operational support from two BluHealth team members.The platform enabled...

Pune, February 3, 2026 – Bajaj Auto Limited (BSE: 532977 | NSE: BAJAJ-AUTO) reported a strong performance in January 2026, with total vehicle sales rising 25 percent year-on-year to 4,77,422 units, supported by robust export demand and accelerated growth in the commercial vehicle segment. The company recorded broad-based momentum across two-wheelers and commercial vehicles, with both domestic and overseas markets contributing to the expansion. January 2026 Sales Performance (YoY Comparison)ParticularsJan 2026 (Units)Jan 2025 (Units)YoY ChangeTwo-Wheelers – Domestic2,14,7271,71,299+25%Two-Wheelers – Exports1,91,5681,57,114+22%Total Two-Wheelers4,06,2953,28,413+24%Commercial Vehicles – Domestic47,24837,060+27%Commercial...

American Leaders Welcome Trade Agreement with India Senior American leaders have welcomed the trade agreement announced by US President Donald Trump with India, describing it as a strategic step that expands market access for American farm products while strengthening geopolitical cooperation.The agreement is expected to open India’s vast consumer base to US agricultural exports and support broader efforts to reshape global energy and trade flows.Senate Leaders Highlight Strategic Importance Senate Foreign Relations Committee Chairman Jim Risch praised the agreement, calling it a major achievement that reduces trade barriers between the two democracies. He described India as a close partner of the United States and an integral ally...

Force Motors Limited (BSE: 500033 | NSE: FORCEMOT) reported a steady improvement in vehicle dispatches for January 2026, with combined domestic and export volumes rising 4.64 percent year-on-year, led by growth in domestic sales across its commercial and utility vehicle portfolio. The company sold a total of 3,764 units in January 2026, compared with 3,597 units in the corresponding period last year. Domestic volumes continued to outpace exports, reflecting stable demand conditions in the local market for small commercial vehicles and utility-led applications. Domestic Sales Performance Domestic dispatches showed a positive trajectory during the month, supported by improved demand for SCVs and LCVs.CategoryJanuary 2026 (Units)January...

Ahmedabad, February 3, 2026 Prime Minister Narendra Modi on Monday announced a significant reduction in United States tariffs on Made in India products to 18 percent. The announcement followed a discussion with US President Donald Trump, which the Prime Minister shared through a social media post.Announcement After Bilateral Discussion The Prime Minister said he was pleased to speak with President Trump and highlighted the importance of cooperation between the two nations. He noted that when the world’s two largest economies and leading democracies work together, it creates meaningful benefits for people and opens vast opportunities for mutually beneficial collaboration.Message of Appreciation and Partnership Expressing gratitude on...

Mumbai, February 3, 2026 Sun Pharma Advanced Research Company Ltd. (SPARC) announced that it has received a Priority Review Voucher linked to the approval of its drug Sezaby, marking a significant milestone in the company’s innovation-led growth strategy.The receipt of the voucher strengthens SPARC’s ability to accelerate the development of its clinical pipeline and enhances strategic flexibility in advancing future drug applications.Key Development and Strategic Significance The Priority Review Voucher is a transferable asset that enables expedited review of a subsequent drug application, allowing companies to significantly reduce regulatory timelines for future therapies. Such vouchers are typically awarded for the successful...

Mumbai, February 03, 2026: Godrej Properties Limited (GODREJPROP) announced sales exceeding ₹1,000 crore at the launch of its premium plotted development project, Evora Estate, in Panipat, marking a strong entry into the Haryana city’s residential market.The company has sold over 600 plots since the project’s launch in December 2025, covering nearly 8 lakh square feet of saleable area. This is Godrej Properties’ first project in Panipat and its most successful plotted development launch to date in terms of sales value.Evora Estate is located in Sector 40, Panipat, along the NH-44A corridor. Spread across 43 acres, the project features a Mediterranean-themed layout, a luxury clubhouse, and multiple lifestyle amenities. The...

MAT Relief Proposed for Non-Resident Taxpayers Finance Minister Nirmala Sitharaman on Sunday proposed exempting Minimum Alternate Tax for non-residents who pay tax on a presumptive basis, offering relief to eligible overseas taxpayers under the proposed tax framework for 2026-27.Safe Harbour Threshold for IT Services Raised In her Budget speech, the Finance Minister announced a significant increase in the threshold for availing safe harbour provisions for IT services. The limit has been proposed to be raised from Rs 300 crore to Rs 2,000 crore, a move aimed at expanding the scope of simplified tax compliance for eligible service providers.TCS Rate Rationalised on Select Goods The Budget also proposed rationalisation of the tax...

New Delhi, February 1 Finance Minister Nirmala Sitharaman on Sunday unveiled a series of taxpayer-focused and development-oriented measures while presenting the Union Budget 2026-27 in the Lok Sabha.Six-Month Foreign Asset Disclosure Window The finance minister proposed a six-month foreign asset disclosure scheme aimed at small taxpayers, including students, technology professionals, and non-resident Indians who have relocated overseas. The initiative is designed to facilitate voluntary compliance within a defined timeframe.Relief on Interest Liability During Appeals In a move offering procedural relief, Sitharaman announced that taxpayers will not face any interest liability on the penalty amount for the period of appeal before the...

More Time for Filing Revised Income Tax Returns Finance Minister Nirmala Sitharaman on Sunday proposed extending the deadline for filing revised income tax returns, offering taxpayers additional time to correct or update their filings. Under the proposal announced in the Union Budget 2026-27, the last date for submitting a revised return would be moved from December 31 to March 31, subject to payment of a nominal fee.The move is aimed at easing compliance for taxpayers and reducing procedural pressure, particularly for individuals who may require more time to reconcile financial details.Lower TCS Rates Under Liberalised Remittance Scheme The Budget also announced a reduction in Tax Collected at Source rates for individuals remitting...

New Tax Law to Replace Six-Decade-Old Income Tax Act Finance Minister Nirmala Sitharaman on Sunday announced that the Income Tax Act, 2025 will be implemented from April 1, marking a major overhaul of India’s direct tax framework. The new law will replace the Income Tax Act of 1961, which has governed taxation in the country for more than six decades.The finance minister said that the rules and income tax return forms under the new legislation will be notified shortly, giving taxpayers sufficient time to understand and adapt to the revised system.Budget 2026-27 Changes to Be Built Into New Legislation Presenting the Union Budget 2026-27 in the Lok Sabha, Sitharaman stated that all changes announced in the latest Budget relating to...

New Education Infrastructure Announced in Budget Speech The Government will establish five university townships in the vicinity of major industrial logistics centres, Union Finance Minister Nirmala Sitharaman announced while presenting the Union Budget 2026-27 in the Lok Sabha on Sunday.The announcement is aimed at strengthening the link between higher education and industrial ecosystems by placing academic institutions closer to key logistics and manufacturing zones.One Girls’ Hostel Planned in Every District As part of the education and social infrastructure push, the Finance Minister also announced the setting up of one girls’ hostel in every district across the country. India has more than 700 districts, making the initiative...