INDIA
Shashi Tharoor fractures leg after tripping on Parliament stairs, attends House in wheelchair
Despite the injury, he attended the ongoing Parliament session on Thursday, arriving at the House in a wheelchair
BANKING
Federal Bank receives RBI approval for Blackstone’s 9.99% stake buy
The deal, which would make Blackstone the largest shareholder in Federal Bank, involves an investment of around $700 million for a 9.9% stake. The private equity major had reached an agreement for the investment in October
BUSINESS
Bulk deals: Mobius Investment Trust offloads 0.52% stake in CarTrade Tech; Oaklane Capital Management picks up 0.79%
In addition, Nishant Pitti bought 16.11 lakh shares (0.77 percent stake) of SMC Global Securities at an average price of Rs 83.80 per share.
MARKETS
SEBI tightens pledge invocation norms to protect the rights of pledgers, mandates notice before invocation
SEBI has mandated that pledge request forms must include specific undertakings by both the pledger and the pledgee to comply with the provisions of the Indian Contract Act, 1872
INDIA
Rahul Gandhi on PM Modi's Rajya Sabha address: 'Scared of truth, sought refuge in lies'
The Rajya Sabha witnessed noisy scenes as Opposition MPs raised slogans and staged walkout while Prime Minister Narendra Modi replied to the Motion of Thanks to the President’s address
BUSINESS
Hindustan Copper Q3: Consolidated PAT and income up, declares interim dividend of Re 1
The increase comes amid the government-owned firm's efforts to grow its copper production and a significant increase in copper prices during a global shortage
EARNINGS
PhysicsWallah Q3: Net profit rises 33% YoY to Rs 102.3 crore, revenue up 34% YoY
Total expenses for the firm increased 33 percent to Rs 979.9 crore in the quarter ended December, up from Rs 738.3 crore a year ago. Its expenses stood at Rs 999.6 crore a quarter ago.
BUSINESS
SEBI issues consultation paper on extending SWP, STP standing instructions to demat-held mutual funds; seeks comments till Feb 26
Through the consultation paper, the regulator has sought public comments on extending the standing instruction facility to demat-held mutual fund units, the proposed processes under two phases, and whether the phased rollout approach is appropriate.
INDIA
Mamata govt boosts ASHA wages, Lakshmir Bhandar aid in pre-poll push
The government also announced a Rs 1,000 increase in honorarium for ASHA workers and raised remuneration for ICDS staff, para teachers, Siksha Bandhu, Siksha Sahayak, civic volunteers and green police personnel.
INDIA
FIIs net sell shares worth Rs 2151 crore, DIIs net buy Rs 1130 crore on February 5
For the year so far, FIIs have been net sellers of shares worth Rs 43,063 crore, while DIIs have net bought shares worth Rs 70,978 crore.
INDIA
PM Modi launches sharp attack on Gandhis: ‘Stole a Gujarati surname…’
The Prime Minister also took a swipe at the Congress’s ‘Mohabbat ki Dukaan’ slogan -- popularised by Rahul Gandhi -- asking what kind of “shop of love” dreams of digging the grave of a fellow citizen
INDIA
PM Modi hits out at Opposition, says ‘mohabbat ki dukan’ leaders chant ‘teri kabr khudegi’
Replying to the motion of thanks on the President’s Address, the Prime Minister said such language was an insult to the decorum of public life and reflected poorly on parliamentary conduct.
BUSINESS
Michael Kratsios to lead US delegation to AI Impact Summit in India; Sriram Krishnan among key members
White House and commerce officials to showcase America’s AI export strategy at New Delhi summit
INDIA
Bengaluru Metro fare hike from Feb 9: Full list of revised ticket prices
The Bangalore Metro Rail Corporation Limited (BMRCL) said that it is being implemented as per the First Fare Fixation Committee (FFC) constituted under the Metro Railways (Operation & Maintenance) Act, 2002.
INDIA
PM Modi’s first reaction to India-US trade deal: ‘World more confident of our stability’
Replying to a discussion on the Motion of Thanks to the President's Address, the Prime Minister said the world is feeling more confident of stability after India's trade deals with the European Union and the US
STARTUP
Govt expands startup definition to include deep tech firms, extends recognition period to 20 years
The notification replaces the February 2019 startup framework and introduces a separate set of eligibility, tax and compliance conditions for research-intensive businesses under Startup India.
BUSINESS
Supreme Court orders NBCC to complete Supertech homes, ends 20-year wait for homebuyers
The NCLAT had directed NBCC, a PSU under the Union Ministry of Housing and Urban Affairs, to complete 16 projects comprising nearly 49,748 homes across Uttar Pradesh, Uttarakhand, Haryana and Karnataka, with around 27,000 homebuyers awaiting possession.
POLITICS
Bofors 'scam' to trade agreements: In Rajya Sabha, PM Modi highlights how India redefined 'deals' under NDA
From banking sector reforms to the turnaround in PSUs, Prime Minister Narendra Modi on Thursday underlined India's transformation under the NDA's rule in his address in the Rajya Sabha.
BUSINESS
Fractal Analytics IPO GMP declines ahead of share sale next; should you subscribe?
Fractal Analytics’ Rs 2,834-crore IPO will open for subscription on February 9 and close on February 11.
POLITICS
PM Modi targets TMC over illegal immigration, says infiltrators hurting jobs
PM Modi said that political parties, including the Congress, TMC and Left, had remained in power for years but focused only on “filling their own coffers” instead of working for the welfare of people.
INDIA
PM Modi says new world order leaning towards India: 'Voice of global south'
Today, India has become a powerful voice for global south in international platforms, said Prime Minister Narendra Modi
AUTOMOBILE
Kia-BPCL MoU expands public EV charging access to over 15,000 points nationwide
Kia's partnership with BPCL expands K-Charge to 15,000 points, improving public charging access for EV owners across India.
INDIA
‘Future-ready trade deals’: PM Modi cites India-EU, US agreements, hits back at Oppn
The Prime Minister was replying to the Motion of Thanks to the President's address in Rajya Sabha
BUSINESS
AI’s growing role in finance takes centre stage at Bengaluru Fintech Conclave on 6 February
The conclave is being organised by the India Fintech Foundation (IFF) and the Unified Fintech Forum (UFF), and will serve as a pre-summit event ahead of the India AI-Impact Summit convened by the Ministry of Electronics and Information Technology (MeitY).
