RBI summons Yes Bank executives over forex card breach
INDIA BUSINESS | Thu, 26 Feb 2026, 1:29AM IST
The Reserve Bank of India has called in senior Yes Bank executives after a major security incident involving the Yes BankBookMyForex multi-currency forex card. According to reports, card numbers and CVV details of numerous customers may have been exposed. The RBI has demanded a full account of how the breach occurred and what safeguards failed.
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Businesses Push for Tariff Refunds as Trump Aides Hint at Fight to Come
GLOBAL NEWS | Thu, 26 Feb 2026, 1:23AM IST
By the presidents own admission, it could be years before the matter is settled, even though the administration previously indicated it would pay.
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INDIA MARKET | Thu, 26 Feb 2026, 1:20AM IST
The spotlight during the Galaxy Unpacked 2026 will be on the Galaxy S26 series.
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Rooh afza a fruit drink, eligible for lower VAT: Supreme Court
INDIA BUSINESS | Thu, 26 Feb 2026, 1:20AM IST
In a key tax ruling, the Supreme Court classified Hamdards popular beverage Sharbat Rooh Afza as a fruit drink. As a result, it is liable to only 4% tax. The Court dismissed the Uttar Pradesh commercial tax departments attempt to shift it into a higher tax bracket, underscoring that the drink is fundamentally derived from fruit ingredients.
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Microfinance in revival mode; MFIs, private banks expand business in January
INDIA BUSINESS | Thu, 26 Feb 2026, 1:14AM IST
The microfinance sector is consolidating after a period of stress. Private banks and NBFC-MFIs have increased their lending portfolios. While the overall market saw a slight dip, early delinquency rates are improving. Experts anticipate a return to normal growth by the end of the first quarter of FY27. This marks an inflection point for the industry.
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INDIA MARKET | Thu, 26 Feb 2026, 1:07AM IST
An up-close look at the Samsung Galaxy S26 Ultra, including its specs, features, and price.
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Demagogue salesman: On Donald Trump and 2026 State of the Union address
INDIA BUSINESS | Thu, 26 Feb 2026, 1:04AM IST
Donald Trump will need more than words to alter the bitter ground realities
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Trump admin hits Iran with new sanctions
INDIA NEWS | Thu, 26 Feb 2026, 12:57AM IST
Washington: The Trump administration on Wednesday imposed another tranche of sanctions on people and companies accused of enabling Iran's ballistic missile program, drone production and illicit oil sales as the US presses Tehran to make a deal ahead of nuclear talks this week.The sanctions against 30 people, companies and ships come as President Donald Trump has massed the largest US buildup of warships and aircraft in the region in decades and has threatened to use military action in a bid to get Iran to constrain its nuclear program.The latest round of talks between US officials, including envoy Steve Witkoff, and Iranian negotiators via mediator Oman are scheduled for Thursday in Geneva.The new sanctions imposed by the Treasury Department's Office of Foreign Assets Control include a list of ships accused of being part of Iran's "shadow fleet," which refers to rusting oil tankers that smuggle oil for countries facing stiff sanctions.Also targeted are drone manufacturing firms, including Qods Aviation Industries, which has supplied drones "to all branches of the Iranian military and buyers in Africa and Latin America," the Treasury Department said.Among other things, sanctions deny the people and firms access to any property or financial assets held in the US and prevent American companies and citizens from doing business with them. However, they are largely symbolic because many of them do not hold funds with US institutions."Treasury will continue to put maximum pressure on Iran to target the regime's weapons capabilities and support for terrorism, which it has prioritized over the lives of the Iranian people," Treasury Secretary Scott Bessent said in a statement.Trump and other top administration officials insist that Iran cannot be allowed to develop a nuclear weapon and ramped up pressure months after US strikes in June on three Iranian nuclear sites.Iran long has maintained its nuclear program is peaceful. It had been enriching uranium up to 60 per cent purity before the June attack - a short, technical step away from weapons-grade levels of 90 per cent."We wiped it out and they want to start all over again. And they're at this moment again pursuing their sinister ambitions," Trump said during his State of the Union speech Tuesday night. "We are in negotiations with them. They want to make a deal, but we haven't heard those secret words: We will never have a nuclear weapon."
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Escorts Kubota bets on new plant & models to chart comeback strategy
INDIA BUSINESS | Thu, 26 Feb 2026, 12:43AM IST
Five years after Japans Kubota Corp acquired majority control of Escorts, the merged entity, Escorts Kubota, is struggling to gain significant market share in Indias competitive tractor sector. Domestic sales growth lagged the industry at 11% versus 20%, though exports rose 54%. Management acknowledged delays in aligning Indian and Japanese strengths, rebuilding systems, and developing a quality-focused corporate culture. The limited Kubota product lineup, import dependence, and regional gaps hindered growth, but new models and a fully localised Indian platform are being launched to address these challenges.
Continue reading at Economic Times
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INDIA BUSINESS | Thu, 26 Feb 2026, 12:39AM IST
Amid currency swings, volatile commodity prices and global trade uncertainty, leaders at Voltas, Tata Consumer Products and Bisleri International say long-term forecasting is losing relevance, as supply chain disruptions, tariffs and inflation push companies toward agile, short-cycle planning across consumer sectors.
Continue reading at Economic Times
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DFS to discuss NBFC-to-bank conversion
INDIA BUSINESS | Thu, 26 Feb 2026, 12:33AM IST
Government officials will meet top non-banking financial company executives on Thursday. The discussion will focus on sector issues. A key topic is the possibility of NBFCs converting into full banks. This aims to boost financial inclusion under the Viksit Bharat Mission 2047. Capital availability and liquidity for NBFCs will also be reviewed. Suggestions on RBI's IWG report may be sought.
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Tender to support 500,000 tonnes green methanol production in works
INDIA BUSINESS | Thu, 26 Feb 2026, 12:29AM IST
India is gearing up to scale green methanol output, with the renewable energy ministry preparing a tender for 500,000 tonnes per year. The Deendayal Port Authority is expected to source this low-carbon fuel for use by shipping lines. The move is part of a broader strategy to decarbonise hard-to-abate sectors, with clarity on subsidy and incentive structures anticipated by March.
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Credit card spends moderate in Jan from festival highs in Dec
INDIA BUSINESS | Thu, 26 Feb 2026, 12:27AM IST
Credit card spending in India moderated in January to Rs 1.99 lakh crore, down from December's festival-led high but up over 8% year-on-year. This indicates a normalization of growth after a festive surge, with active card numbers rising to 116.6 million, though new additions slowed due to tighter underwriting and regulatory caution.
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Jharkhand Crash: 40-Year-Old Plane Did Not Have Cockpit Voice Or Flight Data Recorders
INDIA MARKET | Thu, 26 Feb 2026, 12:23AM IST
Directorate General of Civil Aviation (DGCA) team members investigate the site after seven people on board the Beechcraft C90 air ambulance were killed on Monday in a crash near Simaria in Jharkhand's Chatra district on Feb. 25, 2026.
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PSBs mull portal to verify paper-based bank guarantees
INDIA BUSINESS | Thu, 26 Feb 2026, 12:19AM IST
Indian banks are working together to create a unified platform for validating paper-based bank guarantees. The system is designed to curb fraud during the transition from traditional paper guarantees to fully digital ones.
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Revenue Growth Of India Inc. Comes At 12-Quarter High In December Quarter: RBI
INDIA MARKET | Thu, 26 Feb 2026, 12:16AM IST
IT companies' operating profit growth improved to 11.1%, while it moderated to 4% for non-IT services companies, it said.
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Cut costs, fix mis-selling to make insurance products affordable: IRDAI member to insurers
INDIA BUSINESS | Thu, 26 Feb 2026, 12:13AM IST
An IRDAI official has called for insurance companies to cut high customer acquisition and management costs. This move is crucial for boosting profits and making insurance products more affordable. The focus is on reaching households not covered by government schemes. Reforms aim to simplify processes and encourage new product launches.
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IIFL Finance to raise up to $750 million via ECBs, dollar bonds
INDIA BUSINESS | Thu, 26 Feb 2026, 12:10AM IST
Fairfax-backed IIFL Finance is planning to raise $500-750 million in external commercial borrowings and dollar bonds this March. This move aims to diversify its funding sources and support business growth, with discussions underway with existing investors and banks from Singapore and Taiwan. The fundraising will utilize dollar-denominated loans and foreign currency social bonds.
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INDIA MARKET | Thu, 26 Feb 2026, 12:09AM IST
The spotlight during the Galaxy Unpacked 2026 will be on the Galaxy S26 series.
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Supreme Court seeks Customs Department's response on Xiaomi's appeal in evasion case
INDIA BUSINESS | Thu, 26 Feb 2026, 12:07AM IST
Xiaomi faces a Supreme Court challenge against a customs tribunal ruling. The tribunal found the company liable for evading 653 crore in customs duty. This is linked to royalty payments on imported smartphone components. Xiaomi argues royalty payments are separate from import transactions. The customs department issued notices based on DRI investigations. The court is now reviewing Xiaomi's appeal.
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Zydus plans launch of semaglutide generic in reusable pen form
INDIA BUSINESS | Thu, 26 Feb 2026, 12:03AM IST
Zydus Lifesciences is set to launch a generic version of the weight-loss injection semaglutide next month. The drug will be available under brand names Semaglyn, Mashema, and Altreme. Zydus will offer a unique reusable pen for easier dosage adjustment. This move aims to simplify treatment for patients managing Type 2 diabetes and obesity.
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RaGa takes swipe at Modi over Israel trip
INDIA NEWS | Thu, 26 Feb 2026, 12:01AM IST
New Delhi: Congress leader Rahul Gandhi on Wednesday took a swipe at Prime Minister Narendra Modi, saying it has been more than 24 hours since he challenged the PM to scrap the India-US interim trade deal and once again, he (Modi)has "quietly slipped off to Israel".In a post in Hindi on X, Gandhi said, "Narendra 'Surrender' Modi, it's been more than 24 hours since I challenged you to cancel the US Trade Deal -- and once again, you've quietly slipped off to Israel."
, US Trade Deal 24 - Israel
Epstein Israel dance and sing' - ? pic.twitter.com/EpvXFOelcJ
Rahul Gandhi (@RahulGandhi) February 25, 2026
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IOCL, BPCL, and HPCL to take 35% stake in shipping freight joint venture with SCI
INDIA BUSINESS | Thu, 26 Feb 2026, 12:01AM IST
India's major oil companies and the Shipping Corporation of India are joining forces. This new venture will acquire ships to transport crude oil and refined fuels. The goal is to reduce dependence on foreign vessels. This move aims to save India significant foreign exchange annually. The joint venture will also boost India's energy security.
Continue reading at Economic Times
1h
Orbit Crowded: Stanford Scientists Flag Urgent Need For Rules Before Space Chokes On Debris
INDIA MARKET | Wed, 25 Feb 2026, 11:54PM IST
As per the report, space has become a finite planetary resource, especially after the surge in active satellites from roughly 1,000 in 2014 to a projected tens of thousands within the next decade.
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Trai holds off on net neutrality rules for 5G network slicing
INDIA BUSINESS | Wed, 25 Feb 2026, 11:50PM IST
Telecom regulator TRAI is observing 5G network slicing's impact on net neutrality. Telecom operators want explicit permission for slicing, deeming it vital for 5G revenue. Network slicing creates virtual networks for customized services. Critics fear it violates net neutrality by allowing differentiated service quality. Operators argue slicing can coexist with current rules, offering dedicated services without degrading general user experience.
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INDIA MARKET | Wed, 25 Feb 2026, 11:46PM IST
New Zealand's players celebrate and walk off the field after winning the T20 World Cup cricket match against Sri Lanka in Colombo on Feb. 25, 2026.
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INDIA BUSINESS | Wed, 25 Feb 2026, 11:44PM IST
Communications minister Jyotiraditya Scindia has rejected calls for an extension on SIM binding for OTT apps. This mandate, effective March 1, requires apps like WhatsApp to link to a registered SIM card. Scindia emphasized national security as the driving force behind this decision. He stated that user experience concerns are secondary to security imperatives.
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INDIA MARKET | Wed, 25 Feb 2026, 11:33PM IST
He said the few more semiconductor projects are expected to be finalised under India Semiconductor Mission (ISM) 1.0 by next month after which ISM 2.0 will be rolled out.
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Apple Set To Launch Sixth Store In India In Mumbai's Borivali
INDIA MARKET | Wed, 25 Feb 2026, 11:32PM IST
The store will employ over 70 people, and be powered completely on renewable energy.
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2h
Samsung unveils Galaxy S26 series with agentic AI focus: Highlights & pics
INDIA MARKET | Wed, 25 Feb 2026, 11:32PM IST
Samsung unveils Galaxy S26, S26 and S26 Ultra with agentic AI features, Privacy Display and APV codec. Galaxy Buds4 series also announced. India launch soon
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Noel Tata's stance on IPO stalled N Chandrasekaran's reappointment
INDIA BUSINESS | Wed, 25 Feb 2026, 11:31PM IST
Chandrasekaran defers third-term nod as Noel Tata seeks assurances on listing, debt and SP Group dispute, exposing fresh fault lines within Tata Sons
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RBI MPC Member Sees Negligible Chance Of Rate Hike In Near Term
INDIA MARKET | Wed, 25 Feb 2026, 11:29PM IST
Weather risks, rising metals prices and elevated crude oil amid geopolitical tensions will weigh on the CPI.
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2h
Xiaomi Contests Tax Tribunal Ruling Claiming $72 Million In Royalty Payment Tariffs
INDIA MARKET | Wed, 25 Feb 2026, 11:29PM IST
Xiaomi argued that the tribunal's decision injures the established practices of the manufacturing sector.
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2h
Haryana clears final alignment of Gurugram-Faridabad-Noida-Greater Noida Namo Bharat RRTS corridor
INDIA BUSINESS | Wed, 25 Feb 2026, 11:28PM IST
Haryana's Chief Minister Nayab Singh Saini announced the approval of the final alignment for the Gurugram-Faridabad-Noida-Greater Noida Namo Bharat RRTS-cum-Metro Corridor. This 64 km project, with over 52 km in Haryana, aims to connect key economic hubs. It will integrate with existing metro networks, offering high-speed travel and reducing congestion.
Continue reading at Economic Times
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Trump to Hike Tariff to 15% Where Appropriate,' Says US Trade Representative
INDIA MARKET | Wed, 25 Feb 2026, 11:28PM IST
He repeatedly suggested the changes would not result in a larger cumulative rate for certain economies with trade agreements, a positive signal for the EU, UK and others which faced a higher tariff burden under a blanket 15% levy.
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Entire 11,790 MHz telecom spectrum available for auction valued at Rs 2.1 lakh cr: Sources
INDIA BUSINESS | Wed, 25 Feb 2026, 11:22PM IST
The Telecom Regulatory Authority of India (Trai) on Tuesday recommended auctioning the entire available radiowave spectrum, while proposing lower entry barriers for new players and a uniform 35 per cent spectrum cap to safeguard competition in the telecom sector.
Continue reading at Economic Times
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Reliance Enterprise Intelligence ceases to be wholly owned arm of RIL
INDIA BUSINESS | Wed, 25 Feb 2026, 11:21PM IST
Reliance Enterprise Intelligence is no longer a wholly owned step-down subsidiary of RIL after issuing shares to a Meta unit, which now holds 30% of its equity
Continue reading at Business Standard
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