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GLOBAL NEWS | Sat, 14 Feb 2026, 3:22AM IST The department has sent Google, Meta and other companies hundreds of subpoenas for information on accounts that track or comment on Immigration and Customs Enforcement, officials and tech workers said.

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51m

GLOBAL NEWS | Sat, 14 Feb 2026, 2:30AM IST Solid jobs data and a soft inflation reading for January are welcome news for President Trump. But the bigger economic picture is less encouraging.

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1h

GLOBAL NEWS | Sat, 14 Feb 2026, 1:55AM IST Strong jobs data and a soft inflation reading for January are welcome news for President Trump. But the bigger economic picture is less encouraging.

Continue reading at The New York Times

2h

INDIA BUSINESS | Sat, 14 Feb 2026, 1:09AM IST Indias autonomy and global credibility could be undermined by its unilateral trade deal with the United States

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INDIA NEWS | Sat, 14 Feb 2026, 1:01AM IST Mumbai: More banks are expected to enter the pension fund management space as the Pension Fund Regulatory and Development Authority (PFRDA) looks to widen participation and deepen the investment universe for retirement savings.PFRDA chairman Sivasubramanian Ramann said while two banks have shown interest, others are in the process. When regulations were first framed around 2012-13, asset management experience was largely limited to mutual funds and insurers, he said.Banks, however, manage substantial treasury portfolios and possess adequate investment expertise, he added. "The application window remains open until March 31," he said.Two banks have already shown interest. Bank of Baroda and ICICI Bank's applications have come, Axis Bank's is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, he said.PFRDA is examining ways to deepen the pension fund's participation in long-term infrastructure and project finance, while remaining within prudent risk parameters.Ramann said it is possible for long-term money to get into certain project financing stages, where an entity like a bank is assessing the risk and then inviting other people to join. "These are the kinds of discussions that we need to have to be able to understand how to improve the asset classes, the distribution of money between them, and introducing new asset classes," he said.On investments, pension funds will be permitted to invest in gold and silver through ETFs. These will fall under the alternatives category, which is capped at 5% of the equity allocation. Within this bucket, exposure to gold and silver is likely to be initially restricted to around 1%, subject to periodic review.The pension regulator is working on creating simpler payout products that give subscribers greater flexibility at retirement, including options beyond traditional annuities.A committee has already begun work on designing one or two standardised products that would allow subscribers to choose between annuity payouts or structured withdrawals. The regulator is also exploring products with varied payout tenures, which would not necessarily be 25 years but potentially 10, 15 or 18 years.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 1:01AM IST Two banks have already shown interest. Bank of Baroda and ICICI Bank's applications have come, Axis Bank's is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, PFRDA chairman Sivasubramanian Ramann said.

Continue reading at Economic Times

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INDIA NEWS | Sat, 14 Feb 2026, 12:49AM IST Mizuho's India strategy is to build a Japan-India investment corridor by combining its commercial-banking strengths with expanded investment banking capabilities, supported by its Avendus Capital acquisition in December. Mizuho Bank Global CEO Masahiko Kato tells ET, in what is his first interaction with the domestic business media since the Avendus deal announcement, that India has rapidly become the most promising destination for Japanese companies. Kato, who leads the banking business of Japan's third-largest megabank with assets of $2 trillion, added that client inquiries related to India have surged sharply in recent years. Edited excerpts:How do you view the recent tariff agreement between India and the US from a Japanese corporate perspective?These agreements are ultimately matters between governments, but from a business standpoint, I see them as positive and constructive. Trade deals create a more predictable global economic environment, which is vital for companies making long-term decisions. Improvements in India's trade relations-not just with the US but also with the EU-are encouraging for global supply chains and long-term investment planning. It also underscores India's negotiating capability.How will the Avendus acquisition work, and how will the collaboration be structured within Mizuho?Avendus has been acquired by Mizuho Securities, not Mizuho Bank, and the collaboration will be group-wide. Mizuho Bank maintains deep relationships with nearly 80% of Japanese corporates, and we will leverage this client base to introduce Avendus to companies looking to invest in India.Mizuho Securities brings a strong global client portfolio, while the bank has close ties with the senior management of Japanese clients. Together with Avendus, we will create a seamless Japan-India-US investment corridor, integrating banking, securities, and boutique advisory capabilities. This combined model-bank + securities + Avendus-is the core of our global corporate and investment banking (GCIB)strategy, and we will continue to focus on corporate and investment banking, which is our strongest area.Why did Mizuho choose Avendus? What does it add to your India strategy?Avendus is an excellent company with a strong franchise in India's investment banking and wealth businesses. It fills an important gap for us. Globally, we have Greenhill in the US and Augusta in Europe. India was the missing piece in our global boutique network. Avendus allows us to build a seamless India-Japan-US-Europe investment corridor. Our bank has deep client relationships-especially with Japanese corporates-while Avendus brings strong on-ground investment banking capability. Together, we can offer holistic solutions: cross-border M&A, financing, advisory, and strategic capital raising.What does Mizuho see as its competitive edge in India?Our strengths originate in Japan. We serve 80% of Japan's listed companies and have built a strong global corporate and investment banking model, particularly in the US, where our equity capital market and debt capital market rankings are No. 1 among non-US players. We are now applying this model to Asia, including India. Our strategy is to combine the strengths of Mizuho Bank and Mizuho Securities with platforms such as Greenhill and Augusta, and now, pending regulatory completion, Avendus in India. Once Avendus formally joins us, we expect powerful synergies that will help clients on both sides.How does India compare with China and other Asian markets for Japanese investors?Japanese companies now view India as their most promising market. Japan Bank for International Cooperation surveys have ranked India No. 1 since 2022, and Japanese investment is set to reach 1.2 trillion yen in 2025. Conversations in Tokyo increasingly focus on expanding in India, and our client inquiries rose over 50% in FY2024. India stands out for its 1.4-billion-strong market, rising GDP, and strong consumption. Its digital ecosystem and deep technology talent make it a key hub for innovation. India also offers competitive conditions in semiconductors, materials, and renewable energy, sectors where many Japanese companies are now exploring opportunities.Japanese investors have made several large investments in Indian financial services recently-Yes Bank, Shriram Finance, and now Avendus. What explains this interest?Two reasons. First, the relationship between India and Japan-governmental and people-to-people-is very deep. Second, the Indian financial sector across banking, NBFCs, asset management and investment banking is growing rapidly. Japanese investors are poised for exponential, not incremental growth in India's financial sector over the coming years.Mizuho is also expanding its Global Capability Centres (GCCs) in India. What is the road map?Today, our GCCs in Navi Mumbai and Chennai employ 650 people. which is about eight times more than four years ago. We are now setting up a third location, after which our headcount will increase to around 1,000.Is Mizuho planning further capital infusion into India?In 2023, we injected $500 million into the India business. Further capital plans will depend on the market environment and growth strategy.Does Mizuho plan to enter retail banking in India?No. Our global strategy is clear. Outside Japan, our focus is the global commercial-investment banking model (GCIB). Retail banking is not part of our India strategy.What is your broader vision for Mizuho in India?We have been in India for more than 30 years and are deeply committed to this market. Our strategy is to build the India-Japan corridor-supporting Japanese companies entering India and Indian companies expanding overseas. We aim to bring the full strength of the Mizuho group-commercial banking, investment banking, and global boutique advisory-into a single integrated offering. This model has succeeded for us in the US, and we are confident it will succeed here as well.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:49AM IST Mizuho Bank aims to build a Japan-India investment corridor using its banking strength and the Avendus Capital acquisition, as CEO Masahiko Kato highlights rising Japanese investor interest and Indias growing strategic appeal.

Continue reading at Economic Times

3h

INDIA BUSINESS | Sat, 14 Feb 2026, 12:40AM IST Aviation regulator DGCA has tightened breath analyser test rules for pilots. Repeated violations now risk license cancellation. Foreign pilots testing positive will have their temporary authorization revoked permanently. A pilot testing positive three times faces license cancellation. These new norms aim to enhance flight safety by ensuring crew are alcohol-free before operating flights.

Continue reading at Economic Times

3h

INDIA BUSINESS | Sat, 14 Feb 2026, 12:33AM IST IndiGo is launching a major recruitment drive for over 1,000 pilots. This comes after significant flight cancellations due to crew shortages following new pilot rest rules. The airline is actively building a pilot pipeline to support its aircraft expansion. IndiGo is also enhancing its network with increased schedule buffers and standby crew to ensure operational stability.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:22AM IST India is a key growth market for Airbnb. Bookings and new users saw substantial increases in the last quarter. This strong performance outpaces many other regions. Airbnb plans to expand its services further in India. The company anticipates continued growth in the coming years.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:20AM IST Reliance Industries has secured a US general license to import Venezuelan crude oil directly. This allows India's largest private refiner to resume buying discounted heavy feedstock. The Jamnagar refinery is well-equipped to process this type of crude. This move diversifies India's oil sources and optimizes refining margins. Other Indian companies are also benefiting from eased sanctions on Venezuela's energy sector.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:15AM IST A luxury travel company is offering an exclusive around-the-world trip for 40 guests. The 22-night expedition aboard a private jet costs $125,000 per person. It includes unique experiences in Iceland, Cuba, and Tahiti. Indian entrepreneurs and family office principals are a key target audience for such high-end global journeys.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:13AM IST Apple is opening its sixth store in India. The new store will be in Borivali, Mumbai, on February 26. This marks Apple's second store in Mumbai. The company is expanding its offline retail presence. This follows strong sales in the offline channel for recent iPhone models. Apple's retail expansion continues to grow.

Continue reading at Economic Times

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INDIA NEWS | Sat, 14 Feb 2026, 12:13AM IST Every child in our son's school was given a memory chest in kindergarten which they filled with memorabilia through their 13-year journey. Looking back on those years through what our kids thought was significant enough to be stored away in the boxes revealed so much about their evolution from tots to teenagers. I remembered that time capsule this week as I opened a couple of dusty Air India 'attache cases' that had been lying under the bed for quite a while now. They belonged to my mother, who found their compact size the perfect receptacle for the bits and bobs that she wanted to store safely given the peripatetic nature of her life as a diplomat's wife/ mother / political worker. Going through it six years after she passed away, I connected almost each item inside with a memory, either lived or recounted; a few were a total surprise. And a couple even harked back to events in my own life that I had forgotten but Ma had preserved.Neatly stacked inside were knitting needles, recipes, stamps, a pair of faux leather gloves, photo negatives of amateur drama performances, letters from her sisters all living in different parts of India and the world, and hand-written boarding cards for Air India's legendary 747 flights between New Delhi and New York, via London. Also tucked away, a paediatrician's certificate saying I was too ill to travel.An entry passbook for East Berlin in 1955, yellow fever vaccination certificates for Africa and a handwritten invitation for an art exhibition in New York in 1974 reflected one side of her life. Another side was delineated through badges for various sessions of the Congress, a copy of Indira Gandhi's speech in Parliament outlining what became the infamous 42nd Constitution Amendment in 1976 and even Ma's expenses invoice (Rs 113 /-) for the 1977 election campaign. That a photo of my mother and other ladies presenting a cheque to Padmaja Naidu for Bangladesh made it to the front page of a Delhi newspaper on May 19, 1971 was revealing: helping our now-churlish neighbour was a national effort, clearly. But two other cuttings that Ma kept - an article on the disconnect of Indian authors living abroad, and the prospects of women entering or returning to the job market after marriage and kids - showed that some things never change! All these and more ephemera emerged from only one of the cases; the onrush of memories they triggered proved overwhelming, so the other one remains closed. Ma's mementos are what historians call 'material culture' - physical objects that define or are evocative of a period. Thus far, most human experiences and memories have been connected to 'materials' that can be stored and passed on - with stories attached - as personal histories. But for how much longer?Who writes or keeps letters anymore? Who develops photos to put in albums once they are posted in family groups or social media? Who has physical tickets and boarding passes? How many read actual newspapers, much less keep cuttings? So much of life is now lived via gadgets and stored in them. Once they become obsolete, like VCD/DVD players and cassette recorders have in a few decades, vast tranches of our lives will become inaccessible to future generations.This is not an exhortation to hoard; decluttering has become a conscious goal of many in our overtly materialistic times, after all. Rather, my mother's seemingly random yet evocative preservation of parts of her life made me think about what I consider the defining aspects of mine. We all need to introspect on this and form a virtual memory chest, one that may not occupy actual space but exists in our mindspace, to be passed down orally. We exist only as long as memory does.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:09AM IST Alkem Laboratories is entering the advanced cardiovascular devices market. Its medical devices unit will acquire a significant stake in Switzerland's Occlutech Holding. This strategic move aims to access high-value global markets. The deal is expected to finalize by June 2026. Occlutech is a key player in Europe's minimally invasive cardiac implants.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:09AM IST India is poised to become the world's largest ice cream market within twenty years. Unilever's demerged ice cream business is undergoing a significant turnaround in India. The company sees immense growth potential in the Indian market. This business is set to debut on local stock exchanges soon. India's ice cream sector is experiencing rapid expansion.

Continue reading at Economic Times

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INDIA BUSINESS | Sat, 14 Feb 2026, 12:06AM IST Indian auto sales are off to a strong start in the new year. Passenger vehicle sales saw double-digit growth for the fourth month running in January. Two- and three-wheeler segments also posted significant gains. This positive trend indicates sustained demand and supports economic activity across the country. The automotive sector is poised for continued growth.

Continue reading at Economic Times

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INDIA MARKET | Sat, 14 Feb 2026, 12:02AM IST Chief Adviser to the Bangladesh government Professor Muhammad Yunus.

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