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INDIA BUSINESS | Sat, 28 Feb 2026, 12:56AM IST Proterial, a Japanese supplier of advanced materials, is exploring India as a site to manufacture rareearth magnets and cuttingedge EV magnets. With government incentives underpinning investment, the move could strengthen local production and supplychain resilience. India is part of Proterials broader market assessment as it maps out a major manufacturing expansion.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 28 Feb 2026, 12:49AM IST Upholding the January 19 order that also reprimanded SpiceJet for failing to fulfil its obligations even after three years of the apex court's July 2023 order, a bench led by Justice PS Narsimha questioned the airline on how it would justify not paying the amount mentioned in its earlier order.

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INDIA BUSINESS | Sat, 28 Feb 2026, 12:25AM IST National Fibre Scheme: The textiles ministry has begun work on the scheme that will address structural inefficiencies and bridge quality gaps to position India against global leaders such as China, Bangladesh and Italy.

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INDIA MARKET | Sat, 28 Feb 2026, 12:23AM IST IAEA says it cannot verify Iran's enriched uranium stockpiles after Tehran blocks access to bombed nuclear facilities, raising fresh concerns amid fragile US-Iran talks.

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INDIA NEWS | Sat, 28 Feb 2026, 12:21AM IST New Delhi: Lower-than-expected nominal gross domestic product (GDP) under the new series could make it a tad tougher for the government to realise its targeted fiscal deficit and debt ratios next fiscal, economists said on Friday.However, the Centre would still be able to cope with these issues over the medium term and contain its debt at the targeted level of 50% (plus-minus 1%) of nominal GDP by the end of FY31, they added. The new series data (with FY23 base year) released on Friday pegs FY26 nominal GDP at 345.47 lakh crore, 3.3% lower than what the latest budget has pencilled in on the basis of the old series data. Assuming a 10% nominal expansion for FY27--as projected in the budget--upon the revised base, the targeted fiscal deficit of 16.96 lakh crore will now turn out to be 4.46% of GDP, instead of the budgeted 4.31%. Similarly, the targeted fiscal deficit for FY26 would be 4.51% of GDP, against 4.36%, unless deficit in absolute term is curtailed suitably. Meanwhile, the fiscal deficit ratios for FY24 and FY25 would also have to be revised up to 5.7% and almost 4.95% of GDP, respectively, from 5.5% and 4.8%.Debt trajectoryLower nominal GDP would also "have some bearing on the debt consolidation roadmap, with the debt-to-GDP ratio pegged 1.9 percentage points higher at 57.5% for FY27 as against the budgeted target of 55.6%, making the consolidation path unto FY31 relatively steeper than previously estimated", said Aditi Nayar, chief economist at ICRA. DK Pant, chief economist at India Ratings, said: "Given the new series numbers, fiscal consolidation and nominal growth rates have to be stronger than previously assumed to achieve the targets."] "The bigger surprise to us was the downward revision in the nominal GDP base for FY26," Rahul Bajoria and Smriti Mehra, economists at BofAS India, said in a note. This will "push the fiscal deficit and debt estimates modestly higher", they said.

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INDIA BUSINESS | Sat, 28 Feb 2026, 12:16AM IST The initiatives aim to institutionalise uniform procedures and introduce objective performance benchmarks while reinforcing shared responsibility in safeguarding public funds.

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INDIA BUSINESS | Sat, 28 Feb 2026, 12:14AM IST Investigation is relating to business partner(s) of the Bank and not relating to the GST compliance of the Bank, the bank said in a filing with stock exchanges.

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GLOBAL NEWS | Sat, 28 Feb 2026, 12:10AM IST His store, Bobby From Boston, transformed the way vintage mens wear is sold, serving as a model for a generation of retailers.

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INDIA MARKET | Sat, 28 Feb 2026, 12:09AM IST Vice President JD Vance speaks during a news conference on efforts to combat fraud, in the Old Eisenhower Executive Office Building on the White House campus on Feb. 25, 2026, in Washington.

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INDIA BUSINESS | Fri, 27 Feb 2026, 11:54PM IST The project, which had its ground-breaking ceremony in September 2023, was the first one approved under India Semiconductor Mission. With a total outlay of over 22,500 crore, once the facility is fully ramped up, it will feature around 500,000 square feet of cleanroom space.

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INDIA NEWS | Fri, 27 Feb 2026, 11:54PM IST Chennai: Prime minister Narendra Modi will inaugurate American memory chip maker Micron's Assembly, Test and Packaging (ATMP) facility in Sanand on Saturday, as per a government press release. Union minister for electronics and information technology Ashwini Vaishnaw is also expected to be present at the event. The project, which had its ground-breaking ceremony in September 2023, was the first one approved under India Semiconductor Mission. With a total outlay of over 22,500 crore, once the facility is fully ramped up, it will feature around 500,000 square feet of cleanroom space.

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INDIA NEWS | Fri, 27 Feb 2026, 11:50PM IST New Delhi: Andhra Pradesh is set to open its long coastline for beach sand mining of rare earths and titanium-based minerals - a move aimed at reducing India's dependence on China-dominated global supply chains while creating a new downstream manufacturing hub along the state's coastline.The Andhra Pradesh government is also finalising a policy for rare earth mining and processing. According to sources, Andhra Pradesh Mineral Development Corporation (APMDC) has secured approvals from Department of Atomic Energy (DAE) for 10 major beach sand deposits across coastal districts of Srikakulam, Vizianagaram, Visakhapatnam, Kakinada and Krishna, covering thousands of hectares. Several additional blocks are under development and in advanced clearance stages, sources said.Apart from mining of rare earth minerals, the state is also exploring the possibility of developing processing capacity in collaboration with Indian Rare Earth Limited. According to a detailed presentation by the state-run mining major APMDC, accessed exclusively by ET, Andhra Pradesh hosts the second-highest beach sand mineral reserves in India, accounting for nearly 25% of national resources, with particularly high concentrations of ilmenite, rutile, zircon and monazite - the last being a key source of rare earth elements (REEs). Beach sand minerals are critical inputs across a range of high-value industries - from paints and aerospace components to nuclear fuel and permanent magnets used in electric vehicles and wind turbines. Ilmenite and rutile are processed into titanium dioxide pigment and titanium metal, while monazite yields rare earth oxides essential for electronics and clean energy technologies.The timing of Andhra Pradesh's move is strategic. China currently dominates more than half of global titanium mineral production and controls over 90% of rare earth processing capacity. India already imports over 75% of its titanium dioxide pigment requirements, with nearly two-thirds sourced from China, despite having some of the world's largest titanium mineral reserves. With Andhra opening up its beach sand mining, India could greatly reduce its dependence on imports gradually. The move is also in sync with the Centre's push to rare earth mining. In budget 2026-27, finance minister Nirmala Sitharaman had announced dedicated rare earth corridors in Odisha, Kerala, Andhra Pradesh and Tamil Nadu.

Continue reading at Economic Times

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INDIA MARKET | Fri, 27 Feb 2026, 11:38PM IST England's captain Harry Brook, second from right, celebrates with teammates after their win against New Zealand during the T20 World Cup cricket match in Colombo, Sri Lanka, on Feb. 27, 2026.

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INDIA BUSINESS | Fri, 27 Feb 2026, 11:35PM IST Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for Rs 7,635 crore through open market transactions. Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group. According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart. The shares were offloaded in the price range of Rs 117-117.03 apiece, taking the combined transaction value to Rs 7,635.55 crore. Following the stake sale, Samayat Services LLP's holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent. Meanwhile, HDFC Mutual Fund (MF), the Singapore government and the Monetary Authority of Singapore have collectively bought shares of the supermarket chain. The Singapore .

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INDIA MARKET | Fri, 27 Feb 2026, 11:23PM IST File image of a tram in Milan. Used for representational purpose.

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INDIA MARKET | Fri, 27 Feb 2026, 11:20PM IST Gaudium IVF gained nearly 2% on debut, Omnitech IPO saw muted demand, while oil prices hit seven-month highs amid uncertainty over extended US-Iran talks

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INDIA BUSINESS | Fri, 27 Feb 2026, 11:17PM IST Anupam Rasayan India has acquired US-based Jayhawk Fine Chemicals Corporation for approximately USD 150 million. This strategic move aims to broaden Anupam Rasayan's global presence and access new end-use markets. The acquisition is expected to enhance its integrated platform and create cross-selling opportunities. Jayhawk's operations in performance materials will now be consolidated into Anupam Rasayan's financials.

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INDIA NEWS | Fri, 27 Feb 2026, 11:16PM IST New Delhi: The defence ministry on Friday said three flight-trials of a very short-range air defence missile system were conducted successfully from Chandipur off the coast of Odisha.It said the trials were carried out to "revalidate" the capability of the VSHORADS (Very Short-Range Air Defence System) missile system in neutralising high-speed threats flying at varying speed, range, and altitude.The VSHORADS is a man-portable air defence system designed and developed indigenously by Research Centre Imarat (RCI) in collaboration with other DRDO (Defence Research & Development Organisation) laboratories and Indian industry partners."During all the flight-tests, the missiles intercepted and destroyed the high-speed aerial targets mimicking enemy aircraft in various threat scenarios meeting all extreme engagement points," the ministry said in a statement."The tests were carried out in final deployment configuration, where target acquisition and missile firing were carried out by field operators," it said.Defence Minister Rajnath Singh congratulated the DRDO, armed forces and the industries for the successful flight-tests of the missile system.The three consecutive flight trials of VSHORADS are a great success, and the system can soon be inducted into armed forces, he said."The flight data captured by various range instruments like telemetry, electro-optical tracking system and radars deployed by Integrated Test Range, Chandipur, validated the effectiveness of VSHORADS against a wide range of aerial threats," the ministry said.It said these user validation flight-trials were carried out in the presence of the representatives of joint forces along with senior officials from DRDO and development-cum-production partners.

Continue reading at Economic Times

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INDIA MARKET | Fri, 27 Feb 2026, 11:14PM IST Bill Clinton told the House panel that he is ready to answer them the best of his abilities, consistent with the facts as he knows them

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INDIA BUSINESS | Fri, 27 Feb 2026, 11:08PM IST Japanese equity financing is cheaper than conventional debt financing, and aviation financiers and lawyers say the transaction signals growing confidence in the creditworthiness of Indian airlines and the country's laws.

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INDIA MARKET | Fri, 27 Feb 2026, 11:06PM IST The decision has drawn criticism from across the political spectrum.

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GLOBAL NEWS | Fri, 27 Feb 2026, 10:53PM IST The Pentagons contract dispute with Anthropic is part of a wider clash about the use of artificial intelligence for national security and who decides on any safeguards.

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GLOBAL NEWS | Fri, 27 Feb 2026, 10:53PM IST The Pentagons contract dispute with Anthropic is part of a wider clash about the use of artificial intelligence for national security and who decides on any safeguards.

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INDIA MARKET | Fri, 27 Feb 2026, 10:51PM IST England beat New Zealand by four wickets to give Pakistan a slimmer of hope to reach the semifinals.

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INDIA MARKET | Fri, 27 Feb 2026, 10:41PM IST Pakistan's Usman Tariq celebrates with Babar Azam, right, after the fall of a wicket during the T20 World Cup cricket match against England in Pallekele, Sri Lanka, on Feb. 24, 2026.

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INDIA MARKET | Fri, 27 Feb 2026, 10:38PM IST Bill Clinton's testimony is taking place a day after his wife and former Secretary of State, Hilary Clinton, testified.

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INDIA MARKET | Fri, 27 Feb 2026, 10:36PM IST File image of Delhi Chief Minister Rekha Gupta

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INDIA MARKET | Fri, 27 Feb 2026, 10:34PM IST A broker-dealer, with no direct relationship with a foreign broker, is considered to be an introducing broker'.

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INDIA BUSINESS | Fri, 27 Feb 2026, 10:31PM IST Air India plans significant international expansion and network optimization for the 2026-27 financial year. The airline aims for premium growth by enhancing its product and operational reliability. This strategic move focuses on converting its strengthened platform into yield and market share. Air India Express will also expand its operations across Asia and the Middle East.

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INDIA NEWS | Fri, 27 Feb 2026, 10:31PM IST New Delhi: With "structural tailwinds", Air India will expand its international operations, optimise networks as well as tap premiumisation-led growth in the 2026-27 financial year, a senior airline executive said on Friday. Describing FY27 as a "conversion year", Air India Chief Commercial Officer Nipun Aggarwal said the airline would have a credible product foundation to compete for premium share across key markets. Tata Group-owned loss-making Air India is in the midst of an ambitious turnaround journey as part of which it is upgrading fleet, adding new aircraft and improving services. Emphasising that product alone will not determine FY27 for Air India, Aggarwal said the differentiating factors will be reliability of the schedule, on-time performance and the way it handles disruptions. FY27 is not about recovery and it is about acceleration, he said and added that the year would be about returning to the growth trajectory that has defined Air India since privatisation. "In FY26, there was a surge in disruptions, misconnections, and flight changes which has dented the confidence of customers, especially corporate clients who measure airlines by such reliability and it is critical that we rebuild this confidence," he said in a message to the staff on Friday. According to him, seamless connectivity is equally critical but extended flight times due to airspace constraints have significantly increased misconnection risk. "Proactive connection management - before disruption, not after - must remain a priority for all of us by identifying risks before they materialise and going the extra mile for the customers when they do," he said. Aggarwal said that FY27 offers "structural tailwinds" with a fully retrofitted narrow-body fleet, accelerating wide-body upgrades, strengthened global partnerships and a sharpened commercial framework. "The platform is stronger than at any point in recent years. FY27 is about conversion - converting product into yield, partnerships into share, data into decisions, and consistency into trust," he noted. As its wide-body fleet increases, the airline would expand presence in existing markets such as Germany and Japan, as well as launch new international destinations from Delhi and Mumbai hubs over the next 12 months. By the end of 2026, Aggarwal said 20 more wide-body aircraft will carry the new product - comprising five new B787-9s, two A350-1000s and more than a dozen retrofitted legacy Boeing 787s. Also, the cooperation agreements with Singapore Airlines and Lufthansa Group would materially strengthen the airline's reach across Southeast Asia and continental Europe, covering scheduling, sales, distribution, and loyalty integration, Aggarwal said. Another focus area would be network optimisation aimed at strengthening its hubs and enhancing seamless domestic-to-international and international-to-international connectivity. As part of its commercial strategy for FY27, the airline would also focus on customer-centric and premiumisation-led growth. Aggarwal also said that following the completion of the Air India Express network restructuring, the focus will be on optimal deployment of different fleet types and enhancing utilisation. "With the induction of new aircraft, AIX will expand across markets in Asia and the Middle East, while building its domestic operations from hubs in Bengaluru, Delhi, and Navi Mumbai," Aggarwal, who is also the Chairman of Air India Express, said. While mentioning that FY26 was arguably the most challenging operating year for Air India. The Chief Commercial Officer said airspace closures across Pakistan, Iran and Iraq, geopolitical volatility affecting demand patterns, and the tragic events surrounding AI171 created headwinds that few airlines face within a single financial year. "And yet, we adapted. We protected our network, stabilised operations, and continued advancing our transformation agenda," he added.On June 12, 2025, an Air India Boeing 787-8 aircraft enroute from Ahmedabad to London Gatwick crashed soon after take off, killing 260 people, including 241 people who were onboard.

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INDIA MARKET | Fri, 27 Feb 2026, 10:29PM IST The process of fortification will remain suspended until a more effective mechanism for delivery of nutrients to beneficiaries is identified, an official statement said

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