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Real estate developer Puravankara Ltd has reported a consolidated net profit of Rs 58.34 crore for the third quarter of the current financial year, marking a sharp turnaround from the loss recorded in the same period last year.The improved performance in the October to December quarter of FY26 was driven by a substantial rise in total income, reflecting stronger execution and better project deliveries.Strong Recovery in Q3 FY26 Performance The Bengaluru headquartered real estate firm had posted a net loss of Rs 92.64 crore in the corresponding quarter of the previous financial year. The latest quarterly numbers indicate a clear recovery in profitability.Total income for the third quarter of FY26 rose significantly to Rs 1,104.06...

NPCI Extends UPI Access to Foreign Delegates in New Delhi New Delhi, February 16: The National Payments Corporation of India announced that its ‘UPI One World’ wallet service is being made available to international visitors attending the ongoing five day India AI Impact Summit in the national capital.The initiative allows inbound foreign travelers to make secure and real time Person to Merchant payments using UPI during their stay in India. Visitors can access the wallet service without requiring an Indian mobile number or a local bank account, expanding the reach of India’s digital payments ecosystem to global delegates.Wallet Access Points at Airport and Bharat Mandapam According to NPCI, the ‘UPI One World’ wallet is available...

February and March Contracts Decline as Traders Cut Positions New Delhi, February 16: Cottonseed oil cake prices declined in futures trading on Monday, reflecting reduced participation and weak cues from the physical market.On the National Commodity and Derivatives Exchange, the February contract of cottonseed oil cake fell by Rs 32, or 0.99 per cent, to settle at Rs 3,186 per quintal. The contract recorded an open interest of 8,640 lots. In the previous session on Friday, it had closed at Rs 3,218 per quintal.The downward movement was mirrored in the March contract, which slipped by Rs 27, or 0.83 per cent, to Rs 3,220 per quintal. The contract saw trading activity across 54,980 lots. It had settled at Rs 3,247 per quintal in the...

The world’s largest artificial intelligence summit opened in New Delhi on Monday to packed halls and long queues, as technology leaders, policymakers, founders, and investors gathered for the AI Impact Summit 2026. The five-day event, being held at Bharat Mandapam from February 16 to 20, has drawn unprecedented interest, positioning India at the centre of global conversations on artificial intelligence governance, infrastructure, and equitable access.Packed Halls and Surging Interest Mark Opening Day Even before the summit officially opened at 9:30 am, long queues formed outside session halls, reflecting the scale of enthusiasm surrounding artificial intelligence. Large billboards across the capital welcomed delegates, while inside...

MCX Gold April Contract Declines 0.38% as International Markets Turn Bearish New Delhi, February 16: Gold prices declined by ₹589 to ₹1.55 lakh per 10 grams in futures trade on Monday, tracking weakness in global markets and profit booking after the previous session’s gains.On the Multi Commodity Exchange, gold for April delivery fell by ₹589, or 0.38 per cent, to ₹1,55,306 per 10 grams. The contract recorded a business turnover of 7,695 lots during the session, reflecting active participation despite the downward move.Comex Gold Futures Fall Below USD 5,025 Per Ounce In international markets, Comex gold futures for the April contract slipped by USD 24.31, or 0.48 per cent, to USD 5,021.99 per ounce in New York.Gold retreated to...

Copper Prices Decline in February and March Contracts New Delhi, February 16: Copper prices declined in futures trading on Monday, tracking weak global trends and subdued demand in the domestic spot market.On the Multi Commodity Exchange, copper for February delivery fell by Rs 5.90, or 0.49 percent, to Rs 1,203.60 per kilogram. The contract recorded a trading volume of 16,263 lots during the session.Similarly, the March contract slipped by Rs 6.40, or 0.52 percent, to Rs 1,228.65 per kilogram, with a traded volume of 7,698 lots.Global Market Trends Weigh on Copper Market participants attributed the decline in copper futures to weak international cues and muted demand from consuming industries in the domestic market.In the...

Zinc prices moved lower in futures trade on Monday, reflecting weak global trends and muted demand from consuming industries in the domestic spot market.February Zinc Contract Dips on MCX On the Multi Commodity Exchange, zinc futures for February delivery declined by 60 paise, or 0.19 percent, to ₹323 per kilogram. The contract recorded a business turnover of 1,755 lots during the session.The softness in prices signals cautious buying activity among participants, with domestic industries showing limited interest in fresh purchases.March Contract Extends Losses The March zinc contract also witnessed selling pressure. It fell by ₹1.20, or 0.37 percent, to ₹326 per kg. The contract saw a trading volume of 2,908 lots.Market...

Aluminium prices edged lower on Monday, with futures contracts closing at Rs 308.75 per kilogram on the Multi Commodity Exchange, as traders reduced their positions amid softer global cues.MCX Aluminium February Contract Declines 0.16% On the Multi Commodity Exchange, aluminium for February delivery slipped by 50 paise, or 0.16 percent, to settle at Rs 308.75 per kilogram. The contract recorded a trading volume of 3,099 lots during the session, reflecting cautious participation.Market participants trimmed their exposure in response to a subdued trend in overseas markets, which influenced domestic sentiment.Global Aluminium Prices Under Pressure on LME In the international market, aluminium prices also remained under pressure. On...

Crude oil prices declined by nearly 1 per cent in futures trading on Monday, mirroring weakness in global benchmarks and reflecting cautious sentiment in the energy market.MCX Crude Oil Contracts Trade Lower On the Multi Commodity Exchange, crude oil for February delivery fell by ₹48, or 0.84 per cent, to ₹5,675 per barrel. The contract recorded a trading volume of 8,416 lots during the session.The March crude oil contract also witnessed selling pressure, slipping by ₹38, or 0.66 per cent, to ₹5,694 per barrel, with a traded volume of 8,702 lots.The decline in domestic futures prices reflects the broader weakness seen in international crude benchmarks.Global Oil Benchmarks Edge Lower In the international market, West Texas...

MCX Silver Futures Slide on Subdued Domestic Demand Silver prices declined sharply in futures trade on Monday, falling nearly 2 per cent to hover around Rs 2.4 lakh per kilogram, weighed down by weak global trends and muted demand in domestic spot markets.On the Multi Commodity Exchange, silver contracts for March delivery slipped by Rs 3,630, or 1.49 per cent, to trade at Rs 2,40,730 per kilogram. The decline was recorded in a business turnover of 5,803 lots, reflecting cautious participation from traders.The drop in MCX silver mirrors softness in overseas markets, where global cues remained negative through the session.Comex Silver Futures Trade Lower in Thin Holiday Volumes In international markets, COMEX silver futures for the...

Denta Water and Infra Solutions Secures ₹377.31 Crore Orders in FY26, Order Book Rises to ₹841.48 Crore New Delhi, February 16: Denta Water and Infra Solutions on Monday announced that it has secured fresh orders worth ₹377.31 crore during the April to December period of the current financial year, strengthening its execution pipeline and pushing its total order book to ₹841.48 crore as of December 31, 2025.The latest inflows provide clear revenue visibility for the coming quarters, particularly across irrigation, urban water supply, and wastewater management projects.Strong Order Inflows in First Nine Months of FY26 For the nine months of FY26, the company secured new projects valued at ₹377.31 crore. Of this, ₹161.12 crore was...

Independent Luxury Homes in South Delhi Record Sharp Annual Price Growth New Delhi, February 16: Upscale residential pockets in South Delhi have witnessed a sharp surge in property prices over the past year, with independent luxury apartments registering an average annual appreciation of 22 to 34 percent, driven by sustained demand and constrained supply, according to a report released on Monday.The findings were published by Golden Growth Fund, a Category II real estate focused Alternative Investment Fund, in its latest assessment of the South Delhi residential market.Category A Areas Lead With 25–34% Price Appreciation The report highlights that independent apartments in Category A locations recorded price growth of 25 to 34...

Retail Sector Set to More Than Double in a Decade India’s retail market is projected to more than double over the next ten years, expanding to Rs 210–215 lakh crore by 2035 from Rs 90–95 lakh crore in 2025, according to a report released on Monday. The growth outlook reflects India’s continued outperformance among major global economies and its trajectory towards becoming the world’s third largest economy.The report titled Winning Codes for Retail 2035: Capturing the Rs 200 Trillion Prize was jointly released by Boston Consulting Group and Retailers Association of India at the Retail Leadership Summit 2026.AI and Structural Change to Define the Winners As the retail sector enters its next phase, the report emphasizes that growth...

Urgent Call for Structured AI Integration at AI Impact Summit 2026 New Delhi, February 16: Chief Economic Advisor V Anantha Nageswaran has emphasized that artificial intelligence adoption cannot be left to organic market forces and must be guided by a deliberate national strategy focused on mass employability.Speaking virtually at the AI Impact Summit 2026, Nageswaran underlined that countries need to act decisively to integrate AI into their economies while safeguarding growth and social stability.Strengthening Education and Skills Critical for AI Transition According to Nageswaran, the pathway to effective AI adoption requires strengthening foundational education, developing high quality skills, expanding labor intensive service...

Rustomjee-Backed Developer Secures Major Society Redevelopment Project in Mumbai New Delhi, February 16: Keystone Realtors Ltd has been appointed as the developer for a large-scale society redevelopment project in Mumbai’s Andheri East, with an estimated revenue potential of ₹1,775 crore from the free sale component.The Mumbai-based real estate company, which markets its properties under the ‘Rustomjee’ brand, will redevelop eight housing societies under the Om Nagar Co-operative Housing Society Federation Limited.Project Details: 20,569.90 Sq M Land Parcel in Andheri East The redevelopment project covers a total land parcel of 20,569.90 square metres in Andheri East, one of Mumbai’s key suburban real estate micro-markets...

New Delhi, February 16: Artificial intelligence will act as a force for good and enhance human capabilities, according to Kshitij Jain, Chief Operating Officer of Blue Machines AI, as the company showcases its enterprise voice AI solutions at the India AI Impact Summit.AI Versus Human Debate Puts Blue Machines AI in Spotlight Blue Machines AI recently gained national attention after participating in a live, unscripted, one hour AI versus human debate on primetime television. The company said the event demonstrated its real time enterprise voice AI capabilities in a high visibility setting.Describing the broadcast as a moment of pride, Jain said it marked a milestone in the enterprise deployment of long duration conversations and...

Committee to Assess Construction Status and Address Homebuyers’ Grievances New Delhi, February 16: The National Company Law Tribunal has appointed a two member committee to assess the progress of construction of projects undertaken by Jaypee Infratech Ltd, which is currently controlled by the Suraksha Group. The panel has also been directed to submit a comprehensive status report to the tribunal.The Corporate Insolvency Resolution Process against Jaypee Infratech Ltd was initiated on August 9, 2017. On March 7, 2023, the insolvency tribunal approved the resolution plan submitted by the Suraksha Group. However, flat buyers have since raised concerns over what they describe as excessive delays in project completion.NCLT Takes Note of...

JSW MG Motor India Unveils Five-Year Growth Plan JSW MG Motor India is preparing for its next phase of expansion with an ambitious five-year roadmap that includes launching four new SUVs in 2026 and scaling up annual production capacity to 3 lakh units.Managing Director Anurag Mehrotra said the company has drawn up a structured growth plan aimed at significantly expanding volumes and strengthening its presence in the Indian passenger vehicle market.“As we are preparing for the next phase, we have created a five-year plan. The five-year plan talks about growing volumes to about 3 lakh units,” he said.₹4,000 to ₹5,000 Crore Capex for Expansion and Localization As part of the expansion strategy, the company plans to invest between...

New Delhi, February 16: India holds the highest level of artificial intelligence skills penetration and is consciously avoiding over-regulation to ensure innovation continues to thrive, Union Minister Jitin Prasada said on Monday.Speaking at a session during the AI Impact Summit in the national capital, the Minister of State for Electronics and Information Technology highlighted the government’s flexible and responsive approach toward emerging technologies.Policy Agility and Innovation-First Approach Prasada said the present government remains agile and receptive to new ideas, fine-tuning policies and programmes in line with evolving technological needs.He emphasized that India’s strength in the AI space lies in its trajectory...

New Delhi, February 16: India’s wholesale price inflation extended its upward trajectory for the third straight month, climbing to 1.81 percent in January, as rising prices of food items, non food articles, and manufactured goods pushed the Wholesale Price Index higher on a month over month basis.The latest government data released on Monday shows that Wholesale Price Index inflation stood at 0.83 percent in December 2025. In January of the previous year, the figure was higher at 2.51 percent.Food and Manufacturing Segments Push WPI Higher According to the Ministry of Industry, the positive inflation rate in January 2026 was largely driven by price increases in basic metals, other manufacturing categories, non food items, food...