Audi India opens second showroom in Hyderabad
INDIA BUSINESS | Fri, 6 Feb 2026, 11:27PM IST
Audi has opened a new showroom in Hyderabad. This marks a significant expansion for the German luxury car maker in India. The state-of-the-art facility is Audi's second in the city. It reflects the brand's commitment to the growing Hyderabad market. Audi India is seeing strong momentum in Telangana. The brand's market share in the region is double its national average.
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Kotak Mahindra Bank issues India's first fully digital FPI licence
INDIA BUSINESS | Fri, 6 Feb 2026, 11:23PM IST
The move follows Securities and Exchange Board of India operationalising a unified digital workflow in January 2026
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Bankers welcome RBI regulatory measures; say rate status quo on expected lines
INDIA BUSINESS | Fri, 6 Feb 2026, 11:19PM IST
The Reserve Bank of India has maintained its policy rates. Bankers generally welcomed this decision and the announced regulatory and developmental policies. Initiatives to enhance customer protection, digital payment safeguards, and support for MSMEs are highlighted. These measures aim to strengthen the financial ecosystem and sustain credit flows.
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Embassy REIT posts record revenue and NOI
INDIA NEWS | Fri, 6 Feb 2026, 11:11PM IST
Bengaluru: Embassy Office Parks REIT reported a strong operational and financial performance for the quarter ended December 2025, led by sustained leasing momentum, rising rentals and continued demand from global capability centres (GCCs), reinforcing the recovery in Indias Grade A office market.Indias largest office REIT leased 1.1 million sq ft across 22 deals during the quarter, taking its total leasing for the first nine months of FY26 to 4.6 million sq ft. The leasing traction was supported by new leases accounting for 0.8 million sq ft, signed at re-leasing spreads of 17%, with rentals averaging 5% above prevailing market levels. Bengaluru remained the key growth driver, contributing more than two-thirds of the quarters leasing activity. The REITs overall portfolio occupancy stood at 94% by value during the quarter, with three of its five markets reporting occupancy levels of 95% or higher, indicating stable demand across core office clusters. Chennai also emerged as a strong leasing market, with large multinational occupiers anchoring nearly 42% of the REITs ongoing development pipeline. The leasing momentum translated into strong financial growth, with Embassy REIT reporting its highest-ever quarterly revenue and net operating income (NOI). Revenue from operations rose 17% year-on-year to 1,193 crore, while NOI grew 19% to 985 crore, reflecting operating leverage and rental escalations across key assets. The board declared a distribution of 613 crore, or 6.47 per unit, for the quarter, marking a 10% year-on-year increase. The record date for the distribution is February 11, 2026, with payouts scheduled on or before February 18, 2026. Amit Shetty, chief executive officer of Embassy REIT, said the performance underscores sustained occupier demand and disciplined capital management. The quarter was underpinned by strong leasing activity, robust GCC demand across gateway markets and continued focus on enhancing unitholder returns, he said.The REIT also strengthened its balance sheet during the quarter, raising 400 crore through commercial paper at an effective interest rate of 6.44%. The move helped reduce its in-place cost of debt by 61 basis points over the past nine months to 7.29%, supporting profitability and future growth plans. Beyond leasing, Embassy REIT continued to expand its portfolio through both acquisitions and development. The trust received an invitation to acquire Embassy Zenith, a 0.4 million sq ft prime office tower in Bengaluru that is fully leased to a global technology company. On the development front, the REIT launched its third redevelopment project at Embassy Manyata in Bengaluru, adding 0.8 million sq ft with an expected yield on cost of 23%. Its total development pipeline currently stands at 7.6 million sq ft, indicating significant medium-term supply addition within existing office parks. The trust also completed delivery of 0.4 million sq ft of office space at Embassy Splendid TechZone in Chennai, which is fully leased to a global healthcare firm. Additionally, it announced the acquisition of a 0.3 million sq ft marquee office asset at Embassy GolfLinks in Bengaluru, while monetising assets worth 530 crore at Embassy Manyata, highlighting active portfolio recycling. The potential acquisition marks its first third-party asset buy, signalling a strategic shift towards inorganic growth.The hospitality segment, an ancillary revenue contributor, also recorded improved performance during the quarter. Hotel segment NOI grew 13% year-on-year, aided by a 100 basis point increase in occupancy to 60% and an 11% rise in average daily room rates. The REIT has also proposed adding a 116-key hotel at Embassy TechZone in Pune to strengthen ecosystem offerings at its business parks. Embassy REIT, which owns and operates over 50 million sq ft of office space across Bengaluru, Mumbai, Pune, NCR and Chennai, continues to benefit from Indias growing GCC footprint and strong demand for integrated office ecosystems. The REIT delivered approximately 25% total returns in calendar year 2025 and expanded its investor base to more than 125,000 unitholders, compared with around 4,000 investors at the time of listing. Industry experts say Embassy REITs strong leasing pipeline, steady rental growth and development-led expansion place it favourably amid improving office demand trends, particularly from technology, engineering and global services firms expanding their India operations.With continued asset acquisitions, redevelopment activity and stable occupancy levels, Embassy REIT is expected to maintain growth momentum, while its strong balance sheet and distribution track record continue to support investor confidence in Indias listed office real estate platform.
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Embassy REIT clocks strong leasing momentum, posts record revenue and NOI in Q3 FY26
INDIA BUSINESS | Fri, 6 Feb 2026, 11:11PM IST
Embassy Office Parks REIT: Indias largest office REIT leased 1.1 million sq ft across 22 deals during the quarter, taking its total leasing for the first nine months of FY26 to 4.6 million sq ft. The leasing traction was supported by new leases accounting for 0.8 million sq ft, signed at re-leasing spreads of 17%, with rentals averaging 5% above prevailing market levels.
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Dish TV discloses Rs 7,203 crore DTH licence fee claim as regulatory overhang deepens
INDIA BUSINESS | Fri, 6 Feb 2026, 10:51PM IST
Dish TV India faces a massive Rs. 7,203 crore licence fee demand from the Ministry of Information and Broadcasting, adding to ongoing legal battles. The company has also booked significant impairments on its investments, including those in new-age technologies and assets from Videocon d2h, impacting its net worth. Fines were also levied for SEBI norm non-compliance.
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India's U19 World Cup Heroes: The Standout Performers Behind Record 6th Title Win
INDIA MARKET | Fri, 6 Feb 2026, 10:47PM IST
India have won a record-extending sixth men's Under 19 World Cup title.
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MRF net profit surges over two-fold to 692 crore in Q3
INDIA BUSINESS | Fri, 6 Feb 2026, 10:34PM IST
Its revenue from operations increased to 8,050 crore in the period under review against 7,001 crore in the year-ago period, MRF Ltd said in a regulatory filing.
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Dish TV India sinks deeper into losses in Q3 as subscription revenues continue to slide
INDIA MARKET | Fri, 6 Feb 2026, 10:31PM IST
Dish TV reported a net loss of approximately Rs 276 crore for Q3 FY26, sharply higher than the loss of around Rs 47 crore reported in the same quarter last year. The company reported exceptional items of around Rs 70 crore during the quarter, taking the loss before tax to about Rs 276 crore.
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Dish TV India sinks deeper into losses in Q3
INDIA NEWS | Fri, 6 Feb 2026, 10:31PM IST
Direct to home (DTH) operator Dish TV India reported a weak performance for the quarter ended December 31, 2025, with revenues declining sharply and losses widening, even as the company continues its transition towards a hybrid DTH and OTT-led entertainment model.Dish TV reported a net loss of approximately Rs 276 crore for Q3 FY26, sharply higher than the loss of around Rs 47 crore reported in the same quarter last year. The company reported exceptional items of around Rs 70 crore during the quarter, taking the loss before tax to about Rs 276 crore.EBITDA slipped into a loss of about Rs 42 crore, compared with a positive EBITDA of around Rs 123 crore in the year-ago quarter.The companys operating revenues fell nearly 20% year-on-year to about Rs 300 crore, compared with around Rs 370 crore in the corresponding quarter last year, reflecting sustained pressure on its core subscription business amid cord-cutting and intensifying competition from digital platforms.Subscription revenues declined 32% year-on-year to about Rs 225 crore, down from roughly Rs 330 crore a year earlier. Subscription income accounted for about 75% of operating revenues, compared with nearly 89% in the year-ago quarter, highlighting continued subscriber churn and pressure on average revenue per user.The fall in subscription income was partially offset by growth in non-subscription revenue streams. Marketing and promotional fees rose 27% year-on-year to around Rs 40 crore, while advertisement income increased sharply to nearly Rs 5 crore, albeit on a low base.On the cost side, total expenditure rose 36% year-on-year to about Rs 341 crore, significantly outpacing revenue growth. Expenses as a proportion of operating revenues expanded to around 114%, compared with about 67% in the same quarter last year.Cost of goods and services increased 17% to nearly Rs 160 crore, while personnel costs rose 5% to about Rs 39 crore. Other expenses, including selling and distribution costs, jumped sharply by nearly 85% to around Rs 142 crore, reflecting higher operational and platform-related spending.Despite the weak financial performance, management reiterated its focus on building a hybrid entertainment ecosystem. The company continues to expand its connected-device footprint, scale its Watcho OTT platform, and deepen content partnerships to diversify revenues beyond traditional DTH subscriptions.Commenting on the performance, Executive Director Manoj Dobhal said the Indian home entertainment market is undergoing a structural shift, and Dish TV is repositioning itself by integrating live TV, OTT, and smart features into a unified offering. He added that deeper OTT integration, creator monetisation through FLIQS, and strategic content partnerships are expected to strengthen the companys long-term value proposition.Looking ahead, Dish TV said it remains focused on driving new activations through its Rs 999 no-subsidy set-top box, improving customer retention, and optimising costs to support cash flows, even as execution risks around churn, monetisation, and service quality remain elevated.
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Silver Whipsaws Again as Thin Liquidity Fuels Wild Price Swings
INDIA MARKET | Fri, 6 Feb 2026, 10:30PM IST
One kilogram silver bars at Conclude Zrt bullion dealer arranged in Budapest, Hungary, on Thursday, Jan. 22, 2026.
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RBI plans to compensate up to 25,000 in online fraud losses
INDIA BUSINESS | Fri, 6 Feb 2026, 10:17PM IST
For such small-value fraudulent transactions, which constitute 65% of online frauds, no questions will be asked to the victim if she/he has even given an OTP
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SBI Q3 Preview: NII Expected To Rise Over 8%, Profit Seen Up 5% Check Key Estimates
INDIA MARKET | Fri, 6 Feb 2026, 10:08PM IST
Here are the Q3 earning estimates of SBI
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Cboe Q4 Results: Co beats profit estimates on options trading boom
INDIA MARKET | Fri, 6 Feb 2026, 10:07PM IST
Cboe Global Markets has surpassed Wall Street profit expectations for the fourth quarter. Increased market volatility fueled options trading volumes, driving strong revenue. The exchange is focusing on growth areas like prediction markets and crypto. Cboe is also streamlining operations by exiting businesses in Australia and Canada.
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Natural gas inclusion in GST regime would help provide better prices, IGX chief
INDIA BUSINESS | Fri, 6 Feb 2026, 10:06PM IST
Inclusion of natural gas into the GST ambit is a long-pending demand of the hydrocarbons industry.
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RBI raises loan limits for small businesses, backs REIT lending
INDIA BUSINESS | Fri, 6 Feb 2026, 9:56PM IST
The Reserve Bank of India also said banks would be allowed to lend to real estate investment trusts under prudential safeguards, extending a facility already available to infrastructure investment trusts
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INDIA MARKET | Fri, 6 Feb 2026, 9:53PM IST
Vaibhav Sooryavanshi smashed 15 sixes and 15 fours in a barely believable innings.
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RBI removes investment cap under voluntary retention route for FPIs
INDIA BUSINESS | Fri, 6 Feb 2026, 9:46PM IST
The RBI has removed the Rs 2.5-trillion investment cap under the voluntary retention route for FPIs to deepen bond markets, enhance capital flow stability and encourage long-term foreign participation
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INDIA MARKET | Fri, 6 Feb 2026, 9:45PM IST
Heavyweights such as Tata Steel, Siemens, MRF, BEML and Kalyan Jewellers are among the marquee names investors will be tracking closely through the day.
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Monetary policy: RBI opts for status quo as it waits for new data series
INDIA NEWS | Fri, 6 Feb 2026, 9:41PM IST
The RBI's MPC unanimously kept the repo rate unchanged at 5.25 per cent, retaining a neutral stance while signalling that future policy decisions will be guided by data from new GDP and CPI series
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RBI Guv Malhotra signals lower rates for longer, trade deal growth boost
INDIA NEWS | Fri, 6 Feb 2026, 9:41PM IST
The RBI's MPC unanimously kept the repo rate unchanged at 5.25 per cent, retaining a neutral stance while signalling that future policy decisions will be guided by data from new GDP and CPI series
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RBI to roll out risk-based premium model for deposit insurance from April
INDIA BUSINESS | Fri, 6 Feb 2026, 9:37PM IST
The Reserve Bank of India will replace the flat-rate deposit insurance premium with a risk-based framework from April 2026, aiming to reward stronger banks and encourage better risk management
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Fear of AI Replacing Software Makers Hits Stocks. Heres What to Know.
GLOBAL NEWS | Fri, 6 Feb 2026, 9:37PM IST
The prospect of disruptions from artificial intelligence has hung over the economy for years. But this week advances in software tools precipitated a sell-off on Wall Street.
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India successfully tests fires nuclear-capable, 3K-km range Agni-3 missile
INDIA MARKET | Fri, 6 Feb 2026, 9:37PM IST
India successfully test-fires nuclear-capable Agni-3 ballistic missile with a strike range of over 3,000 km as part of a routine user training exercise
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INDIA MARKET | Fri, 6 Feb 2026, 9:30PM IST
Fractal Analytics raised Rs 1,249 crore from 52 anchor investors at Rs 900 per share ahead of its IPO opening February 9. Strong domestic and global institutional demand signals confidence in the AI analytics firm and growth prospects globally strong.
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Fractal Analytics raises Rs 1,249 crore from anchor investors ahead of IPO
INDIA NEWS | Fri, 6 Feb 2026, 9:30PM IST
Fractal Analytics on Friday said it has raised Rs 1,249 crore from anchor investors ahead of its proposed initial public offering (IPO), after allotting 1,38,69,499 equity shares to 52 anchor investors at the upper end of the price band of Rs 900 per share.The IPO will open for public subscription on Monday, February 9, and close on Wednesday, February 11. The price band has been fixed at Rs 857 to Rs 900 per equity share of face value Rs 1 each, with a minimum bid lot of 16 equity shares.Out of the total anchor allocation, 52,77,680 equity shares (38.05%) were allotted to 11 domestic mutual funds through a total of 22 schemes, indicating strong participation from domestic institutions.The anchor book witnessed demand from several leading mutual funds including SBI Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, UTI Mutual Fund, Trust Mutual Fund, Bandhan Mutual Fund, Invesco Mutual Fund, Baroda BNP Paribas Mutual Fund, and Sundaram Mutual Fund, among others.Insurance companies that participated in the anchor round included Life Insurance Corporation of India (LIC), HDFC Life Insurance, SBI Life Insurance, Bharti AXA Life Insurance, and Edelweiss Life Insurance.The issue also drew strong interest from global investors, including marquee long-only and institutional names such as Morgan Stanley Investment Funds and Goldman Sachs Bank Europe, along with Ashoka WhiteOak Emerging Markets Funds, Jupiter Global Fund, Societe Generale ODI, Flumen Investment Trust, Optimix Wholesale Global Emerging Markets Share Trust, Neo Prime Fund, and Neo Secondaries Fund, among others.Fractal Analytics describes itself as Indias first pure-play artificial intelligence company and a global provider of AI-powered analytics and decision science solutions to Fortune 500 companies, enabling enterprises to unlock business value through advanced data science, artificial intelligence and deep domain expertise.The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,023 crore and an offer for sale (OFS) aggregating up to Rs 1,810 crore. The OFS is being undertaken by existing shareholders including Quinag Bidco Ltd, TPG Fett Holdings Pte., Satya Kumari Remala, Rao Venkateswara Remala, and GLM Family Trust. The issue also includes an employee reservation portion of up to Rs 600 million.Kotak Mahindra Capital Company, Morgan Stanley India Company, Axis Capital, and Goldman Sachs (India) Securities are the book running lead managers to the offer.
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Google Workers Demand End to Cloud Services for Immigration Agencies
GLOBAL NEWS | Fri, 6 Feb 2026, 9:30PM IST
More than 800 employees delivered a petition to management, condemning the Trump administrations use of Google technology in immigration enforcement.
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