GIC Re Q3 result: Profit falls 6% to 1,519 cr; income rises to 11,557 cr
INDIA BUSINESS | Sat, 7 Feb 2026, 10:32PM IST
GIC Re on Saturday reported a 6 per cent drop in net profit to Rs 1,519 crore for the third quarter ended December 2025.
The state-owned reinsurance company earned a net profit of Rs 1,621 crore in the October-December period of the last fiscal.
Total income of the re-insurer rose to Rs 11,557 crore in the quarter, compared to Rs 10,479 crore in the same quarter a year ago, GIC Re said in a regulatory filing.
Gross premium improved to Rs 10,987 crore during the third quarter of the current fiscal against Rs 9,968 crore a year ago period.
During the quarter, the premium earned rose to Rs 9,580 crore, as against Rs 8,540 crore in the same period a year ago.
The solvency ratio increased to 3.87 from 3.52 at the end of December 2024.
Total assets of the company rose to Rs 2,03,414 crore, as against Rs 1,88,953 crore in the same period of previous year.
GIC Re is the largest reinsurer in the domestic reinsurance market and leads most of the domestic companies' treaty programmes and .
Continue reading at Business Standard
16m
Embassy REIT declares distribution of 613 crore to unitholders for December quarter
INDIA BUSINESS | Sat, 7 Feb 2026, 9:57PM IST
Amit Shetty, Chief Executive Officer of Embassy REIT, said it was another strong quarter for Embassy REIT, underpinned by sustained leasing momentum, robust GCC demand across its gateway markets, and disciplined financial execution.
Continue reading at The Hindu
51m
Endeavour is to increase throughput, utilisation within safety mandates: Bharat Petroleum chief
INDIA BUSINESS | Sat, 7 Feb 2026, 9:30PM IST
The Bharat Petroleum chief also stated the refiner has amongst the highest capacity utilisation among peers in the industry.
Continue reading at The Hindu
1h
I-T dept releases draft rules, forms for new Income Tax Act; seeks public inputs
INDIA BUSINESS | Sat, 7 Feb 2026, 9:26PM IST
Along with the new draft rules and forms, two navigators one providing the mapping of the old rules and the new draft rules and the second providing the mapping of the old forms and the new draft forms is also provided for the guidance of stakeholders and the public
Continue reading at The Hindu
1h
Perot Jain expands cricket footprint with US Cricket sponsorship
INDIA BUSINESS | Sat, 7 Feb 2026, 8:49PM IST
The sponsorship reflects Perot Jains long-standing belief in crickets growth potential in the United States and its commitment to strengthening the sports ecosystem, from grassroots development to elite international competition.
Continue reading at Economic Times
1h
SBI Q3 FY26 net increased 24.5% to 21,028 crore
INDIA BUSINESS | Sat, 7 Feb 2026, 8:47PM IST
Tackling the role of banks in the context of financialising savings will have to be taken into consideration for banking in viksit bharat
Continue reading at The Hindu
2h
INDIA BUSINESS | Sat, 7 Feb 2026, 8:36PM IST
Indias design capabilities have advanced significantly with companies now undertaking end-to-end chip design work in the country, from product definition to silicon validation, the Union Minister said
Continue reading at The Hindu
2h
NDTV Profit Conclave 2026: India on Track to Become $30 Trillion Economy by 2047, Says Piyush Goyal
INDIA MARKET | Sat, 7 Feb 2026, 8:30PM IST
Goyal said the trade deal framework would help unlock "huge potential", with particularly strong tailwinds for artificial intelligence and data centre investments in India.
Continue reading at NDTV
2h
INDIA MARKET | Sat, 7 Feb 2026, 8:23PM IST
The Profit Conclave brings together some of the country's most influential policy makers and industry leaders to unpack the implications of the newly-forged India-US trade framework.
Continue reading at NDTV
2h
Zero-duty entry to US for diamonds, coloured gems a 'turning point': says industry
INDIA BUSINESS | Sat, 7 Feb 2026, 8:16PM IST
India-US trade deal: India and the US on Saturday announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.
Continue reading at Economic Times
2h
NDTV Profit Conclave 2026: 'Main Interest Is To Import Cheaper Crude', Says Sanjeev Sanyal
INDIA MARKET | Sat, 7 Feb 2026, 8:14PM IST
Sanyal stated that Centre's main interest is to make sure the economy gets cheap fuel.
Continue reading at NDTV
2h
Component warehousing safe harbour to offer competitive tax outcome
INDIA MARKET | Sat, 7 Feb 2026, 8:13PM IST
The proposed safe harbour regime for component warehousing linked to manufacturing may offer multinationals a globally competitive tax outcome and greater certainty on transfer pricing
Continue reading at Business Standard
2h
Domestic spirits makers seek fair play in India-US trade deal
INDIA BUSINESS | Sat, 7 Feb 2026, 8:08PM IST
Indian spirits makers want import duties to match new trade deals. They seek a fair market against foreign liquor. The industry faces disadvantages from high costs and licensing. They urge states to end concessions for imported drinks. This move aims to protect domestic producers from a double impact. Stricter measures against dumping are also demanded.
Continue reading at Economic Times
2h
INDIA MARKET | Sat, 7 Feb 2026, 8:03PM IST
An expert market panel outlined India's long-term growth prospects, while expressing confidence on return of foreign investments to Indian equities.
Continue reading at NDTV
2h
CBDT puts draft Income-tax Rules, forms out for feedback till Feb 22
INDIA NEWS | Sat, 7 Feb 2026, 8:02PM IST
Draft rules and forms placed in public domain for 15 days as part of preparatory work for implementation of Income-tax Act, 2025 from April 2026
Continue reading at Business Standard
2h
India-US trade deal: Farmer groups fear backdoor entry of GM crops via DGSS
INDIA MARKET | Sat, 7 Feb 2026, 7:52PM IST
Most farmer organisations and Opposition parties have sounded an alarm about the possible entry of GM products; Say could harm soy farmers in MP, Maharashtra, Rajasthan
Continue reading at Business Standard
2h
Zero duty for US wines, spirits, dry fruits
INDIA NEWS | Sat, 7 Feb 2026, 7:49PM IST
New Delhi: American goods ranging from wines and spirits to dry fruits will enter India either duty-free or at reduced import tariffs, a move expected to make these imports cheaper for domestic consumers. India and the US on Saturday announced that they have reached a framework for the first phase of the bilateral trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade. The framework will be converted into a legal agreement, which is expected to be signed by mid-March. The duty concessions will take effect on the day of implementation. According to a joint statement, India will eliminate or reduce tariffs on all US industrial goods and a wide range of American food and agricultural products, including dried distillers' grains, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, and wine and spirits. The other US goods which will enjoy duty concession by India include walnuts, almonds, pistachios, and some lentils. New Delhi will also grant duty concession on goods such as high-end cars and motorcycles. It said that the US and India have also agreed to address non-tariff barriers that affect bilateral trade. "India agrees to address long-standing barriers to the trade in US medical devices; eliminate restrictive import licensing procedures that delay market access for, or impose quantitative restrictions on, US Information and Communication Technology (ICT) goods," the statement said. India needs these ICT goods for its data centres and other industrial activities. India has also agreed to address long-standing non-tariff barriers to the trade in US food and agricultural products. Commerce and Industry Minister Piyush Goyal said that India has opened its market under the pact in a "very calibrated" way for American goods. Minimum import prices have been fixed on certain products like apples to protect interests of MSMEs and farmers, he said. Under the pact, India will eliminate import duties on certain US goods on the day the agreement comes into force, while duties on other items may be phased out over time. In some sectors, tariffs will be reduced, while in others, quota-based concessions will be provided. Duty benefits will also be extended by New Delhi on certain American medicines for neuro, heart and diabetes, cosmetics, medical devices, X-ray valves, diagnostic reagents, pacemakers, imaging apparatus, hearing aid, and artificial joints. American aircraft, semiconductor chips, and high quality machinery will be allowed into India, he said. On the other hand, India's exports to the US, including spices, tea, coffee, copra, coconut oil, areca nut, cashew, Brazil nut, chestnut, avocado, banana, guava, mango, kiwi, papaya, pineapple, shiitake mushroom, vegetable planting material and saplings, roots and tubers such as taro, barley, canary seeds, bakery goods, cocoa and cocoa products, sesame seeds, poppy seeds, and fruit jams and pastes, will attract zero reciprocal tariffs in the American market.Spices, tea, coffee, copra, vegetable wax, areca, chestnut, cashews, several fruits and vegetables exported from India to the US will also attract nil reciprocal tariffs.
Continue reading at Economic Times
2h
NDTV Profit Conclave 2026: 'People Get In Thinking It's A Lottery Game' Devina Mehra On IPOs
INDIA MARKET | Sat, 7 Feb 2026, 7:25PM IST
Mehra noted that IPO frenzies come and go have been there since stock exchanges have been around.
Continue reading at NDTV
3h
Thiruvananthapuram airport achieves milestone of handling 4.5 lakh passengers in Jan 2026
INDIA BUSINESS | Sat, 7 Feb 2026, 7:06PM IST
Thiruvananthapuram International Airport achieved a historic milestone in January 2026. The airport handled its highest ever monthly passenger traffic. Daily average passenger traffic also crossed a significant mark. International and domestic passenger numbers showed robust growth. This reflects the airport's growing importance as a regional aviation gateway. TIAL is committed to enhancing infrastructure and services for seamless travel.
Continue reading at Economic Times
3h
India To Offer Safe Harbour On Component Warehousing From April 2026 Key Details
INDIA MARKET | Sat, 7 Feb 2026, 6:59PM IST
Under the proposal, income from component warehousing activities will be deemed to earn a fixed profit margin of 2% of the invoice value.
Continue reading at NDTV
3h
Odisha CM launches ambitious economic regional plan BCPPER
INDIA BUSINESS | Sat, 7 Feb 2026, 6:51PM IST
The BCPPERs economy stands at $22.4 billion and is targeted to take it to $500 billion by 2047; it has proposed to create a special economic zone (SEZ) for education, innovation city, and logistics hub
Continue reading at The Hindu
3h
INDIA MARKET | Sat, 7 Feb 2026, 6:50PM IST
The Profit Conclave brings together some of the country's most influential policy makers and industry leaders to unpack the implications of the newly-forged India-US trade framework.
Continue reading at NDTV
3h
Farmers flag backdoor GM entry via DDGS under India-US trade deal
INDIA MARKET | Sat, 7 Feb 2026, 6:47PM IST
Most farmer organisations and Opposition parties have sounded an alarm about the possible entry of GM products, particularly through cheaper DDGS that typically uses GM maize
Continue reading at Business Standard
4h
India-US trade pact boosts Boeing's parts sourcing from India: Goyal
INDIA MARKET | Sat, 7 Feb 2026, 6:41PM IST
India-US interim trade pact removes tariffs on aircraft parts, boosting sourcing by Boeing and Airbus as India emerges as a key global OEM hub
Continue reading at Business Standard
4h
RIL arm Model Economic Township to build 100-acre project at Jhajjar
INDIA BUSINESS | Sat, 7 Feb 2026, 6:38PM IST
RIL's subsidiary Model Economic Township Ltd on Saturday launched a 100-acre project in its large integrated township 'Reliance MET City' at Jhajjar, Haryana.
Reliance Industries group has acquired 8,250-acre land to develop 'Reliance MET City'.
Already more than 650 companies from 11 countries, including Japan, have set up industries in the integrated smart city.
In a statement, the company announced the launch of 'Metropolis by MET City', mixed-use development comprising residential and industrial plots.
This new project is spread across 140 acre. In the first phase, the company has launched 100 acre for sale. The residential component offers plots in sizes ranging from 112 square yards to 179 square yards.
Model Economic Township Limited did not disclose investment on development of this new project as well as the revenue potential.
Shrivallabh Goyal, CEO & Whole Time Director of the company, said, "Metropolis is an important step forward in our vision for Reliance MET City.
Continue reading at Business Standard
4h
INDIA BUSINESS | Sat, 7 Feb 2026, 6:36PM IST
Union Minister Ashwini Waishnaw said, We have not included any item where any Indian farmer will be hurt. All sensitive items have been kept out of the deal".
Continue reading at The Hindu
4h
NDTV Profit Conclave 2026: CEA Nageswaran Highlights Need For Non-Cognitive Roles In The Age Of AI
INDIA MARKET | Sat, 7 Feb 2026, 6:34PM IST
Dr V Anantha Nageswaran says AI will reshape jobs, but new opportunities exist in sectors beyond coding and cognitive roles.
Continue reading at NDTV
4h
Prediction Markets and Casinos Go to War Over Sports Betting
GLOBAL NEWS | Sat, 7 Feb 2026, 6:30PM IST
Kalshi and Polymarket say their prediction markets are not subject to gambling laws and taxes. The casino industry is lobbying to shut them down as a wave of court cases take on the question.
Continue reading at The New York Times
4h
more