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Govt moves to shield trade as West Asia conflict chokes sea routes

The Centre has set up a multi-ministry support desk to assist exporters and importers as the West Asia conflict disrupts cargo movement, congests ports and heightens logistics challenges

Updated On: 02 Mar 2026 | 11:35 PM IST

India, Canada seal FTA talk terms; eye $50 billion trade by 2030

Eight agreements across trade, energy, defence and critical minerals mark a shift from normalisation to structured expansion as Modi and Carney outline deeper economic and strategic ties

Updated On: 02 Mar 2026 | 11:38 PM IST

Amid Hormuz closure, Indian refiners look at other crude oil sources

Indian refiners are diversifying crude sourcing to bypass the Strait of Hormuz and tapping inventories as the West Asia crisis disrupts key routes that handle over half of India's oil and gas imports

Updated On: 02 Mar 2026 | 11:41 PM IST

Marquee PSUs slipping on corporate governance standards, says survey

Survey flags gaps in independent directors, women representation, succession planning and SEBI compliance among Maharatna and Navratna companies

Updated On: 02 Mar 2026 | 11:46 PM IST

Companies

100% FDI gives flexibility to serious insurers: Generali Central Insurance

Anup Rau shared his views on FDI, insurance penetration, regulation, bancassurance, and the company's growth plans

Updated On: 02 Mar 2026 | 11:52 PM IST

Qcom enablement startup Inamo raises $8 million in Series A round

Quick commerce startup Inamo has raised $8 million in Series A funding led by Prime Venture Partners to expand its dark store network, accelerate brand onboarding, and scale technology and operations

Updated On: 02 Mar 2026 | 11:28 PM IST

Nasscom advises IT employees in West Asia to work from home amid tensions

Nasscom has asked IT employees in the Middle East to work from home and remain in touch with embassies as tensions escalate in West Asia, even as Indian IT firms say operations continue as usual

Updated On: 02 Mar 2026 | 11:13 PM IST

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

Updated On: 02 Mar 2026 | 11:09 PM IST

Extended Iran conflict may disrupt L&T's order inflows, regional projects

With nearly half its order book linked to the Middle East, L&T may see short-term disruptions from the Iran conflict, raising concerns over execution, exports and regional project pipelines

Updated On: 02 Mar 2026 | 11:06 PM IST

TollBit is about monetising AI bot traffic, says cofounder and CEO

Today we have crossed over 7,000 publishers (Time, AP and Adweek, among others) in the US, Europe, South Asia and Japan, says Toshit Panigrahi

Updated On: 02 Mar 2026 | 10:43 PM IST

Mercedes-Benz turns to localisation to lower luxury vans' entry price

Mercedes-Benz has localised assembly of V-Class in India, bringing its entry price to ₹1.4 cr, reducing dependence on costly imports, as the company repositions the van within its top-end portfolio

Updated On: 02 Mar 2026 | 10:35 PM IST

Pronto raises $25 million to expand instant-home services across cities

Epiq Capital leads the round; Pronto's daily bookings surge to over 18,000

Updated On: 02 Mar 2026 | 10:34 PM IST

Seiko resets its India clock, targets 2x revenue in 3 years: Kawada

Japanese watchmaker plans 30 exclusive boutiques by 2028

Updated On: 02 Mar 2026 | 10:33 PM IST

Vodafone Idea and Ericsson tie up for deploying additional capex

These efforts will lead to enhanced indoor coverage, improved data capacity and support Vi's ongoing efforts for expanding 5G and 4G connectivity

Updated On: 02 Mar 2026 | 9:31 PM IST

Dabur acquires minority stake in RAS Beauty under new ventures arm

Dabur Ventures has made its first investment by acquiring a minority stake in RAS Beauty for Rs 60 crore, strengthening Dabur's presence in the fast-growing premium skincare market

Updated On: 02 Mar 2026 | 9:02 PM IST

Sunil Bharti Mittal conferred Lifetime Achievement Award by GSMA

GSMA honoured Bharti Enterprises founder at Mobile World Congress in Barcelona, recognising his role in expanding global telecom connectivity and advancing digital inclusion

Updated On: 02 Mar 2026 | 8:31 PM IST

Sebi slaps ₹10 lakh penalty on Coffee Day for financial misstatements

Sebi has fined Coffee Day Enterprises and nine individuals for alleged financial misstatements, stating the company understated losses by not accounting for over ₹489 crore in interest expenses

Updated On: 02 Mar 2026 | 7:18 PM IST

Gaurs Group to invest ₹250 cr for precast manufacturing plant in Noida

Gaurs Group will invest Rs 250 crore to build a precast and modular construction facility in Noida after signing an MoU with Elematic India, aiming to boost efficiency and project timelines

Updated On: 02 Mar 2026 | 5:40 PM IST

Economy

Manufacturing PMI climbs to four-month high in Feb, rises to 56.9

However, the latest figure was significantly lower than the Flash India Manufacturing PMI of 57.5, released last month

Updated On: 02 Mar 2026 | 11:24 PM IST

India, Canada sign $1.9 bn uranium pact to strengthen energy cooperation

India has signed a $1.9 billion uranium supply deal with Canada's Cameco for deliveries from 2027 to 2035, part of a wider strategic energy partnership spanning renewables and fuels

Updated On: 02 Mar 2026 | 11:08 PM IST

India's CAD widened to 1.3% of GDP in Q3FY26 on higher trade deficit

India's current account deficit widened to $13.2 billion in Q3FY26 as the trade gap expanded, though higher services receipts, lower investment outflows and stronger remittances provided some support

Updated On: 02 Mar 2026 | 10:59 PM IST

Datanomics: How the West Asia conflict risks inflating India's oil bill

A major proportion of India's crude oil imports flows through the Strait of Hormuz, which remains an important trade point in the Gulf

Updated On: 02 Mar 2026 | 8:59 PM IST

Finance

Rupee records steepest decline in over 5 weeks amid geo-political tensions

The rupee saw its sharpest fall in over five weeks as crude oil prices surged on rising West Asia tensions; RBI interventions helped prevent the currency from breaching the 91.5-per-dollar level

Updated On: 02 Mar 2026 | 11:04 PM IST

EPFO retains employees' provident fund interest rate at 8.25% for 2025-26

This is the second year in a row that the EPF interest rate has been kept unchanged at 8.25%

Updated On: 02 Mar 2026 | 10:49 PM IST

Japan and India renew $75 bn bilateral swap pact to boost financial safety

Japan and India have renewed their Bilateral Swap Arrangement, keeping the facility size at $75 billion, to strengthen financial safety nets and deepen economic cooperation

Updated On: 02 Mar 2026 | 7:34 PM IST

Life-cycle funds: Match goals with tenure, pick glide path for your risk

Wait for greater clarity on how these funds will be taxed at maturity

Updated On: 02 Mar 2026 | 4:20 PM IST

Opinion

India's cities need bureaucrat-CEOs who do more than maintain order

In tandem, the Union Budget allocated ₹1 trillion to the Urban Challenge Fund, aimed at catalysing fund flows to urban local bodies (ULBs) over the next five years

Updated On: 02 Mar 2026 | 10:18 PM IST

Govt should amend SMC Bill to unify regulation of the corporate bond market

To facilitate retail participation in G-Secs, RBI came out in November 2021 with a scheme for direct retail participation in G-Secs through its own depository system and the NDS-OM trading platform

Updated On: 02 Mar 2026 | 10:13 PM IST

Preventive leap: Nationwide HPV drive can target the cervical cancer burden

Cost had earlier been a barrier. In the private market, vaccines such as Gardasil, manufactured by Merck, cost ₹3,000-4,000 per dose

Updated On: 02 Mar 2026 | 10:02 PM IST

Managing the fallout: West Asian conflict can be challenging for India

Oil imports account for 3.1% of gross domestic product, and according to Nomura, every 10% rise in oil prices worsens India's current account by 0.4 percentage point

Updated On: 02 Mar 2026 | 9:42 PM IST

Markets

India market capitalisation slips below $5 trn for first time in 10 months

In US dollar terms, India's mcap has declined nearly 13 per cent from its peak and is down about 5.6 per cent on a year-to-date basis, marking the steepest drop among major global markets

Updated On: 02 Mar 2026 | 11:53 PM IST

Domestic mkts rattled as Gulf unrest deepens; Sensex hits 6-month low

The Sensex and Nifty hit multi-month lows as West Asia tensions sent crude prices surging and sparked a flight to safe assets, with volatility jumping to a nine-month high

Updated On: 02 Mar 2026 | 11:29 PM IST

Swiggy hits all-time low; stock tanks 26% thus far in CY2026

The stock price of Swiggy slipped 5% and hit an all-time low of ₹285.85 on the BSE in Monday's intra-day, thus fell below its previous record low of ₹297 touched on May 13, 2025.

Updated On: 02 Mar 2026 | 10:36 PM IST

Sebi's 50% overlap rule to trigger churn in 51 thematic funds: Elara

However, the overlap is not high for the majority of the schemes. Only 13 of these schemes (excluding those with assets worth less than Rs 1,000 crore) have an overlap of over 52%, the report showed

Updated On: 02 Mar 2026 | 7:03 PM IST

Clean Max, Shree Ram Twistex crash on debut amid global equities selloff

Clean Max and Shree Ram Twistex fell up to 36 per cent on debut amid a global equities selloff, underscoring a turbulent year for India's primary markets and weak investor sentiment

Updated On: 02 Mar 2026 | 4:15 PM IST

Technology

Investing in domestic companies crucial for AI sovereignty: Mark Surman

Mozilla Foundation president Mark Surman says India and the Global South must build open-source AI models, buy from domestic firms and ensure that AI reflects local cultures and societal norms

Updated On: 02 Mar 2026 | 10:29 PM IST

Intel & Digital India Bhashini Division bring multilingual capabilities

Intel India and the Digital India Bhashini Division have integrated Bhashini's Vidyalekha into Intel-based AI PCs, enabling real-time translation and transcription across Indian languages

Updated On: 02 Mar 2026 | 5:32 PM IST

India News

PM Narendra Modi thanks top West Asian leaders for safety of Indians

PM Modi spoke to top leaders of Israel, Saudi Arabia, Bahrain and the UAE amid the worsening West Asia crisis, condemning attacks on Gulf nations and stressing the safety of Indian nationals

Updated On: 02 Mar 2026 | 10:58 PM IST

SC raps trial court for citing AI-generated orders in deciding case

SC has sharply criticised a trial court for relying on AI-generated fictitious judgments, stating such conduct strikes at judicial integrity and amounts to misconduct, warranting deeper scrutiny

Updated On: 02 Mar 2026 | 10:21 PM IST

SC takes cognisance of trial court relying on AI-generated 'fake' verdicts

Taking cognisance of a trial court relying on alleged non-existing verdicts that were generated with the help of artificial intelligence (AI), the Supreme Court has said a decision based on such fake judgments would not be an error in decision making but would amount to misconduct. A bench of Justices P S Narasimha and Alok Aradhe has said it will examine the matter in detail and issued a notice to Attorney General R Venkataramani, Solicitor General Tushar Mehta and the Bar Council of India. The court has also appointed senior advocate Shyam Divan to assist it in the matter. "We take cognisance of the trial court deploying AI-generated non-existing, fake or synthetic alleged judgments and seek to examine its consequences and accountability as it has a direct bearing on the integrity of the adjudicatory process," the bench said. "At the outset, we must declare that a decision based on such non-existent and fake alleged judgments is not an error in the decision making. It would be a

Updated On: 02 Mar 2026 | 4:01 PM IST

Industry

Japan, South Korea flag regulatory hurdles for their steel firms in India

Japan, South Korea have raised concerns over India's regulatory measures, including QCO norms and anti-dumping duties, even as both nations reaffirm major investment plans in the domestic steel sector

Updated On: 02 Mar 2026 | 11:12 PM IST

India's IIP growth eases to a three-month low of 4.8% in January

India's industrial output growth slowed to 4.8% in January, a three-month low, as manufacturing, mining and electricity softened, though several segments continued to post healthy gains

Updated On: 02 Mar 2026 | 11:03 PM IST

Hotels likely to wait before unlocking West Asia biz expansion door

Indian hotel companies exploring growth opportunities in West Asia are adopting a wait-and-watch stance as the sudden conflict in the region injects uncertainty into long-term expansion plans

Updated On: 02 Mar 2026 | 10:54 PM IST

Travel firms hit as West Asia crisis triggers cancellations, stock decline

Travel and tourism stocks fell more sharply than the Sensex as tensions in West Asia led to mass cancellations, flight disruptions and rising uncertainty across key outbound markets for India

Updated On: 02 Mar 2026 | 10:54 PM IST

Indian auto firms on a wait-and-watch as West Asia crisis blows up

Indian automakers assess West Asia exposure amid rising tensions, as export risks remain limited but higher fuel and input costs could weigh on domestic demand

Updated On: 02 Mar 2026 | 10:53 PM IST

Exporters, vessel operators at sea over stranded ships, Indian seafarers

DGFT, DGS officials have met stakeholders over past two days to discuss issues they are facing

Updated On: 02 Mar 2026 | 10:46 PM IST

Indians press pause on Dubai real estate amid rising West Asia conflicts

Developers planning new projects in the region may defer new launches

Updated On: 02 Mar 2026 | 10:45 PM IST

Tata Motors, M&M, and JSW MG oppose Niti Aayog's transport report

Tata Motors, Mahindra & Mahindra and JSW MG have challenged Niti Aayog's transport report, opposing its small-car incentives under CAFE-3 and its classification of flex-fuel and CBG vehicles as zero-e

Updated On: 02 Mar 2026 | 10:33 PM IST

Cipla, Kemwell form biologics JV to tap fast-growing biosimilars market

Cipla will hold 60% in the new JV with Kemwell Biopharma, aiming to develop, manufacture and commercialise biologics and biosimilars for global markets amid rising demand

Updated On: 02 Mar 2026 | 10:28 PM IST

10th IIMCAA awards: Soumya Pillai bags Journalist of the Year award

The Indian Institute of Mass Communication Alumni Association (IIMCAA) announced the winners of the 10th IIMCAA Awards on Monday, with Soumya Pillai selected as the 'Journalist of the Year'. The announcement came at the Association's 14th annual Connections Meet in Delhi, with the awards honouring achievements across journalism, advertising, public relations and public service. Among the prominent winners was Laxmi Devi Aere, a PTI senior correspondent, winning the 'Agriculture Reporter of the Year' title, while Medha Yadav received the 'Reporter of the Year (Broadcasting)' award. Other jury awardees included Safeena Wani (reporter of the year - publishing), Mohammad Asad (producer of the year - broadcasting), Saurav Kumar Borah, Alpesh Arvind Karkare, Tanzil Asif, Hasleen Kaur and Panchanan Mishra, with special mentions for Gargy Satapathy, Nantha Kishore G K and Garima Singh. Awardees received cash prizes ranging from Rs 10,000 to Rs 1.5 lakh along with trophies and certificates.

Updated On: 02 Mar 2026 | 10:27 PM IST

Holi adds splash of colour to quick-commerce carts and campaigns

In addition to curating a Holi section, Zepto is also allowing users to send festival greetings to one another on the mobile application itself

Updated On: 02 Mar 2026 | 10:23 PM IST

Flight cancellations due to West Asian crisis trouble telecom execs

Flight cancellations amid West Asia conflict disrupt travel plans of Indian telecom leaders headed to Mobile World Congress in Barcelona

Updated On: 02 Mar 2026 | 10:18 PM IST

Global reinsurers scrap marine hull war cover amid West Asia tensions

Several global reinsurers, including GIC Re, have withdrawn marine hull war cover as West Asia tensions escalate, sharply increasing premiums and raising operational risks for exporters

Updated On: 02 Mar 2026 | 9:54 PM IST

West Asia crisis: IndiGo to operate 10 relief flights from Jeddah on Tue

The Ministry of Civil Aviation (MoCA) said on X on Monday night that it continued to closely monitor the situation in the West Asia region to facilitate relief for passengers

Updated On: 02 Mar 2026 | 9:42 PM IST

Coal production from captive, commercial mines rises 18.5% in February

Captive and commercial coal production rose sharply in February, supported by policy measures and expanded mining capacity, with the Coal Ministry projecting continued stability in supplies

Updated On: 02 Mar 2026 | 9:38 PM IST

Telecom industry to need additional ARPU of ₹35-40 to get 15% ROCE: Ind-Ra

Ind-Ra says telcos need a Rs 35-40 ARPU increase to achieve 15% ROCE, indicating another round of tariff hikes even as profitability improves and capex intensity falls across the sector

Updated On: 02 Mar 2026 | 9:33 PM IST

PM inaugurates ₹3,600 cr Powergrid projects to boost Rajasthan solar flow

Powergrid's new transmission systems will evacuate renewable power from Rajasthan's major solar zones, including Bhadla, strengthening national green energy infrastructure

Updated On: 02 Mar 2026 | 9:23 PM IST

West Asia crisis: Piled-up cargo, frozen orders hit textile industry

Vessels wait outside ports as buyers in the UAE and Gulf pause shipments, raising freight, insurance and margin risks for Tiruppur and Surat exporters

Updated On: 02 Mar 2026 | 9:11 PM IST

Tea exporters brace for disruption as West Asia conflict hits shipments

Indian tea exporters face rising uncertainty as the West Asia conflict disrupts payments, shipping and freight costs, threatening flows to key Gulf markets that account for over 40% of total exports

Updated On: 02 Mar 2026 | 8:57 PM IST

FMCG companies worried about price pressure amid West Asia conflict

FMCG firms exporting to West Asia are monitoring the Iran conflict as rising crude prices and supply chain risks threaten higher packaging and freight costs, with exporters bracing for volatility

Updated On: 02 Mar 2026 | 8:18 PM IST

Fino PB sees no uncertainty over SFB nod from RBI after CEO's arrest

Payments bank says conversion into small finance bank will be completed before RBI's 18-month deadline and does not foresee any financial liability amid the ongoing GST probe

Updated On: 02 Mar 2026 | 8:12 PM IST

Tea exporters brace for disruption as West Asia conflict hits shipments

Indian tea exporters face rising uncertainty as the West Asia conflict disrupts payments, shipping and freight costs, threatening flows to key Gulf markets that account for over 40% of total exports

Updated On: 02 Mar 2026 | 7:56 PM IST

India to see exponential growth in data centre business: WD sales director

Owais Mohammed of Western Digital forecasts strong growth for India's storage and data centre business, driven by AI workloads, hyperscalers, and government incentives for long-term investment

Updated On: 02 Mar 2026 | 7:33 PM IST

Bombay HC asks Centre, Maharashtra to rule on Imagicaa incentive plea soon

The Bombay High Court has directed the Centre and Maharashtra to take a time-bound decision on Imagicaaworld's plea seeking an extension of tourism incentives for its theme and water parks

Updated On: 02 Mar 2026 | 6:12 PM IST

Strong demand, low credit costs to keep gold-loan NBFC profits healthy

Crisil Ratings expects gold-loan NBFCs to maintain strong profitability as rising demand, better operating leverage and benign credit costs support returns over the next two fiscals

Updated On: 02 Mar 2026 | 5:22 PM IST

Uttar Pradesh govt to carve out 1,000 acres for Singapore, Japan firms

'Each enclave will cater to investors from their respective countries across a range of industries and domains,' said a senior state official

Updated On: 02 Mar 2026 | 4:32 PM IST

Rajasthan govt streamlines ODOP, MSME approvals to ease doing business

Rajasthan streamlines ODOP and MSME approvals, delegates powers to district GMs and shifts fully online to speed up clearances and boost ease of doing business

Updated On: 02 Mar 2026 | 4:18 PM IST

Book

Marketing That Works: A book on how 'unify, magnify, amplify' builds brands

After laying the foundation to the UMA model in the first half of the book, Mr Das Gupta offers 28 nuggets, each looking at one aspect of the Indian consumer that has changed

Updated On: 02 Mar 2026 | 11:34 PM IST

World News

As West Asia crisis escalates, reluctant allies are forced to choose

For some leaders, the calculation is fraught: refuse Washington and risk a rupture with President Trump; or lean in and face political backlash at home from voters wary of another West Asian war

Updated On: 02 Mar 2026 | 11:26 PM IST

Pakistan death toll climbs to 24 as pro-Iran protests target US consulates

Protests erupted after the killing of Iran's Supreme Leader Ayatollah Ali Khamenei in coordinated attacks by the US and Israel

Updated On: 02 Mar 2026 | 11:19 PM IST

War in West Asia widens with no end in sight as multiple fronts open

Kuwait shoots down three US planes in 'friendly fire'

Updated On: 02 Mar 2026 | 11:09 PM IST

France to temporarily deploy nuclear aircraft to allies, says Macron

French President Emmanuel Macron announced Monday that France will increase its number of nuclear warheads from the current level of below 300, but did not give a figure for the increase. It will be the first time France increases its nuclear arsenal since at least 1992. "I have decided to increase the numbers of warheads of our arsenal," Macron said at a military base at L'Ile Longue in northwestern France that hosts the country's ballistic missile submarines. Macron's speech was aimed at spelling out how French nuclear weapons fit into Europe's security amid concerns raised on the continent by recurring tensions with US President Donald Trump.

Updated On: 02 Mar 2026 | 11:07 PM IST

PM Modi speaks to Saudi Crown Prince and Bahrain King, condemns attacks

Prime Minister Narendra Modi on Monday spoke to the King of Bahrain, Hamad Bin Isa Al Khalifa, and the Crown Prince and Prime Minister of Saudi Arabia, Mohammed Bin Salman, and condemned the recent attacks on the two countries in violation of their sovereignty and territorial integrity. During his telephonic conversations with the two leaders, Prime Minister Modi said that the earliest restoration of regional peace and stability is of utmost importance and thanked them for looking after the well-being of the Indian community living there in these difficult times. "Discussed the evolving situation in West Asia with Crown Prince and PM of Saudi Arabia, HRH Prince Mohammed bin Salman. India condemns the recent attacks on Saudi Arabia in violation of its sovereignty and territorial integrity. "We agreed that earliest restoration of regional peace and stability is of utmost importance. I thanked him for looking after the well-being of the Indian community in these difficult times," Modi

Updated On: 02 Mar 2026 | 8:16 PM IST

QatarEnergy to stop LNG output temporarily as West Asia crisis intensifies

The state-owned firm blamed the war for the decision

Updated On: 02 Mar 2026 | 5:52 PM IST

West Asia crisis: Oil rises 9% after Iran war disrupts key shipping routes

Oil jumps up to 13% after Iranian attacks disrupt shipping through the Strait of Hormuz, raising fears of inflation and higher US gasoline prices

Updated On: 02 Mar 2026 | 3:43 PM IST