Order & deals

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...

New Delhi, February 16: Travel technology platform EaseMyTrip on Monday announced plans to raise up to ₹500 crore to strengthen its presence across high-potential segments, with a clear focus on hotels and holiday offerings.Board Approves Fundraising Plan in Principle The company’s Board has approved, in principle, a proposal to raise funds through the issuance of equity shares and or other eligible securities, subject to the necessary approvals.According to the company, the fundraising may be carried out in one or more tranches. It could take place through permissible routes under applicable law, including a rights issue, qualified institutions placement, preferential issue, private placement, or other approved methods. The final...

New Delhi, February 16: The integration of artificial intelligence into India’s road and transport ecosystem could play a transformative role in preventing accidents and curbing vehicular pollution, a senior government official said on Monday at the India AI Impact Summit in the national capital.Speaking during a panel discussion titled AI for Road Safety: Data Driven Solutions for Enhancing Road Safety in India, Pankaj Aggarwal, an officer in the Ministry of Road Transport and Highways, outlined how AI-led systems can address long-standing challenges in road safety enforcement and environmental monitoring.AI to Strengthen Road Safety and Accident Prevention Aggarwal emphasized that artificial intelligence can significantly reduce...

New Delhi, February 16: Amid rising concerns over artificial intelligence disrupting traditional roles, leading technology industry executives have delivered a unified message to professionals across sectors: remain calm and focus on upskilling.At the AI Impact Summit 2026, speakers emphasized that the rapid evolution of AI over the next three to five years will trigger significant workforce restructuring. However, they stressed that adaptation through continuous learning will be the defining factor for long term employability. AI to Restructure Jobs, Not Eliminate Them Entirely During a session titled The Future of Employability in the Age of AI, industry leaders acknowledged that some current job roles may become redundant as...

Mumbai, February 16: The benchmark equity indices Sensex and Nifty opened lower on Monday, mirroring mixed global cues, before turning volatile as investors stepped in with selective buying after early losses.Sensex and Nifty Open Lower, Swing Between Gains and Losses The 30 share BSE Sensex slipped 349.81 points, or 0.42%, to 82,276.95 during the initial trade. The broader NSE Nifty declined 98.4 points to 25,372.70.As trading progressed, both indices oscillated between positive and negative territory. The Sensex later quoted 155.41 points higher at 82,782.17, while the Nifty recovered 51.35 points to trade at 25,522.45 after the early fall.The volatile movement reflected cautious sentiment amid sectoral rotation and mixed...

Indian Rupee Opens Higher, Trades Lower in Morning Session Mumbai, February 16: The Indian rupee slipped by 1 paisa to 90.67 against the US dollar in early trade on Monday, pressured by foreign investor outflows and a firmer US currency.At the interbank foreign exchange market, the rupee opened slightly stronger at 90.63 before easing to 90.67 against the greenback, down 1 paisa from its previous close. On Friday, the rupee had consolidated in a narrow range and settled 5 paise lower at 90.66 against the US dollar.Crude Oil, Forex Reserves Add to Pressure Forex traders said a marginal rise in global crude oil prices and a sharp fall in India’s foreign exchange reserves also weighed on the domestic currency.Data released by the...

Mumbai, February 16, 2026 – Keystone Realtors Limited (BSE: 543669 | NSE: RUSTOMJEE), operating under the Rustomjee brand, has been selected as the developer for a large society redevelopment project in Andheri (East), Mumbai, with an estimated Gross Development Value of approximately ₹1,775 crore. The project involves the redevelopment of Om Nagar Co-operative Housing Society Federation Limited, comprising eight housing societies situated on a combined land parcel measuring around 20,569.90 square meters. Project Scope and Financial Overview As detailed in the company’s press release , the redevelopment will facilitate the rehousing of 637 existing members across all eight societies. The project is expected to unlock a free sale...

Surat, February 16, 2026: Desco Infratech Limited (BSE: 544387) has secured purchase orders aggregating to ₹40.43 crore from entities within the KP Group, marking a significant step in strengthening its presence across power and renewable energy infrastructure segments. The company has received two separate domestic purchase orders, including a major solar infrastructure contract and a power cable execution project, reinforcing its calibrated diversification beyond the City Gas Distribution segment. Order Details Purchase Order SummaryAwarding EntityNature of WorkOrder Value (₹)SegmentSun Drops Energia LimitedSupply & Services for EPC Works39,33,58,900 (inclusive of GST)Solar InfrastructureKP Energy LimitedCable Laying with...

Gurugram, February 16, 2026 (IST) – Le Travenues Technology Limited (NSE: IXIGO | BSE: 544192) has announced the acquisition of a 60% upfront stake in Spain-based Online Travel Solutions S.L., operating as “Trenes,” for €11.70 million (approximately ₹126 crore), marking its strategic entry into the European rail OTA market. The transaction, executed through its wholly owned Singapore subsidiary IXIGO PTE. LTD., will make Trenes a step-down subsidiary. The acquisition includes secondary share purchases and non-compete fees, with additional earnout obligations linked to future financial performance. Strategic Rationale: Extending the Rail-First Playbook to Europe ixigo stated that the acquisition aligns with its established M&A...

New Delhi, February 15 In response to the India-US interim trade deal, Congress leader Rahul Gandhi questioned Prime Minister Narendra Modi on Sunday, alleging that "we are witnessing a betrayal" of the country's farmers.Gandhi, who has been attacking the BJP-led government and accusing it of selling out through the deal, said the issue concerns the future and asked whether India is allowing another country to gain a long-term hold over its agriculture industry.The ruling Bharatiya Janata Party (BJP) responded to Gandhi, saying he has a dangerous habit of dragging India down globally and claiming that he is "completely unfit for the role of Leader of the Opposition".In a post on X, Gandhi said, "In the name of a trade deal with...

New Delhi, February 15 Bharti Airtel has enhanced its network to handle the increased traffic load during the India AI Impact Summit 2026, the company said on Sunday.The India AI Impact Expo 2026 is expected to attract over 2.5 lakh visitors, including international delegates."The AI Impact Summit is a major platform for India to showcase its AI achievements and future roadmap to the world, bringing together global business and political leaders in New Delhi. Airtel has strengthened its network infrastructure to provide seamless, high-speed connectivity for the summit, which begins on February 16," the company said.Spanning 10 venues covering over 70,000 square metres, the Expo will bring together global technology firms...

PM Modi Urges Private Sector to Step Up as Government Raises FY27 Capital Expenditure to Rs 12.2 Lakh Crore PM Modi Calls for Bold Private Investment to Drive Innovation-Led Growth New Delhi, February 15: Prime Minister Narendra Modi on Sunday called on India’s private sector to step up investments and lead the next phase of innovation driven, globally competitive growth, as the government sharpens its focus on capital expenditure and long term infrastructure creation.In a written interview, the Prime Minister said that after years of aggressive public investment and structural reforms, the time has come for corporate India to respond decisively. He emphasized that policy can only create an enabling framework and that sustained...

PM Modi Calls Budget 2026 a Launchpad for Developed India, Urges Private Sector to Act Boldly Prime Minister Narendra Modi on Sunday described the Union Budget 2026-27 and a series of recently concluded global trade agreements as the foundation for India’s journey toward becoming a Developed India. Speaking in an extensive interaction, he urged the private sector to take more aggressive and bold steps in the next phase of economic transformation.Budget 2026-27 Reflects Long-Term Vision According to the Prime Minister, the latest budget is not a routine financial exercise but part of a broader strategy built over decades. He said that his approach to governance has consistently focused on continuity of purpose, step-by-step...

Prime Minister Says Achievement Inspires Women Across India New Delhi, February 15: Prime Minister Narendra Modi on Sunday said it is a matter of national pride that Finance Minister Nirmala Sitharaman has presented nine consecutive Union Budgets, calling the milestone a record in itself and an inspiration for women across the country.Speaking in an exclusive interview, the Prime Minister highlighted the significance of Sitharaman’s achievement, noting that delivering nine straight Budgets reflects continuity and commitment at the highest level of financial governance.“It is a matter of national pride that our Finance Minister, Nirmala Ji, has presented the Budget nine times consecutively, which is a record and a matter of pride in...

Three Day Budget Session Begins with Governor’s Address Shimla, February 15: Discussions on the discontinuation of the Revenue Deficit Grant and its impact on the state economy are set to dominate the three day budget session of the Himachal Pradesh Vidhan Sabha, beginning Monday with the Governor’s address.Addressing journalists after a meeting of the press gallery committee, Speaker Kuldeep Singh Pathania confirmed that 125 notices have been received so far. These include 111 oral starred questions, 14 unstarred written questions, one call attention notice under Rule 62, and one notice for discussion on the Revenue Deficit Grant under Rule 102.The first phase of the session will comprise three sittings from Monday to Wednesday...

New Delhi, February 15: Prime Minister Narendra Modi on Sunday asserted that women will play the most important role in shaping a developed India, underlining that the government’s policy decisions are designed to empower them across sectors.He said it has been a matter of pride over the past few years that Indian women are leading in science and technology. From space missions to start-ups, women are making a significant impact, he noted, emphasizing their growing presence in high-growth domains.“It is my conviction that women will play the most important role in creating a developed India,” the prime minister said.STEM Hostels and Healthcare Training to Boost Women’s Participation Highlighting new initiatives, Modi said the...

New Delhi, February 15: Prime Minister Narendra Modi on Sunday asserted that his government’s “Reform Express” is delivering tangible benefits to common citizens, while outlining three key reform priorities that will shape India’s trajectory over the next decade: structural reforms, deeper innovation, and simplified governance.Speaking in an interview, the Prime Minister emphasized that reform remains a continuous commitment and not a limited agenda.Three Core Reform Priorities for the Next Decade When asked to prioritize economic reforms for the coming decade, Modi said the direction of the government is clear.“First, we will continue structural reforms that improve competitiveness and productivity. Second, we will deepen...

Department of State Taxes and Excise Announces Transparent Digital Bidding Process Shimla, February 15: The Department of State Taxes and Excise has announced that retail excise liquor vends and entry toll barriers for the financial year 2026 to 2027 will be allotted through an online e auction process, officials said on Sunday.The move is aimed at enhancing transparency, accountability, and ease of doing business. Authorities stated that the e auction will be conducted unit by unit, with separate online bids invited for each unit comprising retail excise liquor vends.Applicants will be able to participate in the bidding process remotely from their homes or offices, eliminating the need for physical presence.Mandatory Digital...