LIC Mutual Fund launches India's first women-centric AMC branch in Delhi

INDIA BUSINESS | Mon, 9 Feb 2026, 4:49PM IST LIC Mutual Fund Asset Management on Monday inaugurated its women-centric branch in South Delhi, becoming the first asset management company in the country to set up a branch aimed at increasing women's participation in mutual fund investing. The initiative aims to bridge the gender gap in investment participation by encouraging women to take greater ownership of their financial futures, said Ravi Kumar Jha, Managing Director & CEO of LIC Mutual Fund. The South Delhi branch is staffed and managed entirely by women. The region is considered a key growth market for the mutual fund industry, with an estimated assets under management (AUM) of about Rs 1.30 lakh crore and more than 2,000 active mutual fund distributors. As of December 31, 2025, LIC Mutual Fund's AUM in South Delhi stood at around Rs 200 crore, including nearly Rs 175 crore in equity assets. Jha said the branch is intended to provide a dedicated space where women can learn about investments and make informed decisions ..

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In Pictures: Inside Tata Motors-Jaguar Land Rover manufacturing plant in Tamil Nadu

INDIA BUSINESS | Mon, 9 Feb 2026, 4:49PM IST Images from the Tata Motors-Jaguar Land Rover (JLR) plant established in Tamil Nadu. The luxury car manufacturing facility was opened on February 9, 2026

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Rupee falls 9 paise to close at 90.74 against U.S. dollar

INDIA BUSINESS | Mon, 9 Feb 2026, 4:48PM IST At the interbank foreign exchange market, the rupee opened at 90.66 against the U.S. dollar, then gained some ground to touch 90.37, registering a gain of 28 paise over its previous close

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Sharad Pawar brought to Pune hospital; doctor confirms chest infection

INDIA MARKET | Mon, 9 Feb 2026, 4:47PM IST A CT scan was performed and there is chest infection, Ruby Hall Clinic chief cardiologist and managing trustee Dr Parvez Grant said

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Gainers & Losers: SBI, Shipping Corporation and PFC among 6 big movers on Monday

INDIA MARKET | Mon, 9 Feb 2026, 4:47PM IST Benchmark indices closed higher for a second session as broad-based buying lifted financials. Stocks like SBI, Shipping Corporation and Kalyan Jewellers moved sharply on earnings and corporate developments news.

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NCLT clears Ambuja CementsSanghi merger

INDIA NEWS | Mon, 9 Feb 2026, 4:45PM IST The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal's green light on Monday.In an exchange filing, Ambuja Cements said the tribunal pronounced its order on February 9, 2026, sanctioning the scheme of arrangement between the two companies and their respective shareholders. As per the scheme, April 1, 2024 has been fixed as the appointed date, while the merger is set to take effect after all formalities and steps outlined in the scheme are completed.Ambuja had announced in December 2024 that Sanghi Industries would be merged into the company as part of a broader consolidation plan, which also includes the merger of Penna Cement Industries. According to the arrangement with Sanghi Industries, shareholders will receive 12 shares of Ambuja Cements for every 100 shares held in Sanghi.Moreover, Ambuja Cements, which is the promoter of Sanghi Industries and holds a 58.08% equity stake, had completed the acquisition of Sanghi Industries last year for about Rs 5,185 crore. The Adani Group-owned firm had also said the merger will allow it to fully absorb Sanghis operations, streamline its organisational structure and simplify compliance requirements.Sanghi Industries operates a clinker capacity of 6.6 million tonnes per annum (MTPA) and cement capacity of 6.1 MTPA, with limestone reserves estimated at around one billion tonnes. Its Sanghipuram facility in Gujarat is among the largest single-location cement and clinker plants in the country, supported by a captive jetty and power plant.Following a series of acquisitions, Ambuja Cements is aiming to scale up its cement to about 140 MTPA by 202728. The company had said that the consolidation is expected to improve operational efficiency, strengthen cash flow management and support faster expansion, ultimately enhancing shareholder value.

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NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries

INDIA BUSINESS | Mon, 9 Feb 2026, 4:45PM IST Ambuja Sanghi merger: The National Company Law Tribunal has approved the merger of Sanghi Industries with Ambuja Cements. This significant development was announced by Ambuja Cements in an exchange filing. The tribunal pronounced its order on February 9, 2026, sanctioning the scheme of arrangement. April 1, 2024, is the appointed date for this merger.

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Soon, you may buy or sell electricity directly from your neighbour

INDIA BUSINESS | Mon, 9 Feb 2026, 4:43PM IST India is planning to launch a peer-to-peer electricity trading system under the India Energy Stack, allowing consumers to buy and sell surplus renewable power directly. This pilot, starting in Delhi and western Uttar Pradesh, aims to make renewable energy trading easier and more transparent for households and small users, with transactions adjusted on monthly bills.

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Yarn maker Trident posts quarterly profit slump as exports soften

INDIA MARKET | Mon, 9 Feb 2026, 4:38PM IST Indian towel and bedsheet maker Trident reported a 44% profit fall in the third quarter due to a U.S. tariff-induced export slowdown. Revenue dropped 6%, with bedsheet sales declining by a third. The company is establishing a domestic subsidiary to boost overseas sales, particularly in the United States, following recent trade deal developments.

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Gold, silver slide after rally: Experts explain buy, hold or book profit

INDIA BUSINESS | Mon, 9 Feb 2026, 4:37PM IST 'Buy, hold or book profits should be based on allocation, not emotion,' say experts

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JK Lakshmi Cement sees pre-tax earnings improve from Q4 on higher sales

INDIA BUSINESS | Mon, 9 Feb 2026, 4:36PM IST JK Lakshmi Cement expects its pre-tax earnings or EBITDA to improve in the fourth quarter and subsequent periods on the back of rising sales realisation and growing non-trade (B2B) volumes, its President & Director Arun Kumar Shukla said on Monday. Non-trade (Institutional) prices are firming up, demand remains strong, and costs are inching higher, which together will support better realisations compared to the December quarter. "So, EBITDA (earnings before interest, tax, depreciation and amortisation) will be better because institutional prices have gone up, demand is better, and cost is also going up. So, I think it is going to be better than Q3 realisation-wise," he said. Cement companies in their Q3 earnings have reported an impact on topline on account of softer cement prices due to GST reduction. When asked about the fourth quarter, Shukla said, "I see it (Q4/FY'26) good because volume and demand are good. Since cost has gone up, prices are also inching up. So, Q4 is going .

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GreenCell Mobility to deploy 570 e-buses in Delhi over next few months

INDIA BUSINESS | Mon, 9 Feb 2026, 4:34PM IST Eversource Capital-promoted GreenCell Mobility on Monday announced it will deploy 570 electric buses in Delhi over the next few months as part of the Delhi Government's e-bus project. The 12-metre, air-conditioned electric city buses with higher battery capacities, specifically designed to meet Delhi's operating requirements and challenging road conditions, will operate from depots at Rajghat, Dilshad Garden, and Seemapuri, strengthening commuter connectivity and enhancing the quality of public transport services across key routes in the city, Greencell Mobility said. Earlier late last month, the company had announced securing USD 89-million mezzanine funding from International Finance Corporation (IFC), British International Investment (BII) and Tata Capital to support its electric vehicle operations pan-India. The deployment follows the completion of the USD 89 million investment round, reflecting strong institutional confidence in GreenCell Mobility's ability to deliver scalable

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Mizoram strengthens ties with Assam as new SairangSilchar railway link becomes operational

INDIA BUSINESS | Mon, 9 Feb 2026, 4:34PM IST A new railway service connecting Sairang in Mizoram and Silchar in Assam has been inaugurated. This development is set to boost connectivity and economic growth in the region. Mizoram's Chief Minister highlighted the link as a vital economic gateway. The initiative is seen as a significant step in the state's progress and integration with national development plans.

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In Pictures: Inside Tata Motors Jaguar Land Rover manufacturing plant in Tamil Nadu

INDIA BUSINESS | Mon, 9 Feb 2026, 4:33PM IST Images from the Tata Motors-Jaguar Land Rover (JLR) plant established in Tamil Nadu. The luxury car manufacturing facility was opened on February 9, 2026

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Nifty February futures trade slightly at premium

INDIA MARKET | Mon, 9 Feb 2026, 4:31PM IST India VIX jumped over 2% to 12.19.

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GlaxoSmithKline Pharma Q3 profit up 29 pc at Rs 296 cr

INDIA BUSINESS | Mon, 9 Feb 2026, 4:31PM IST GlaxoSmithKline Pharmaceuticals on Monday posted 29 per cent increase in consolidated profit after tax at Rs 296 crore for the third quarter ended December 31, 2025. The drugmaker reported a profit after tax of Rs 230 crore for the October-December period of last fiscal. Revenue from operations rose to Rs 1,041 crore from Rs 949 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals Ltd said in a regulatory filing. The company said its competitive performance comes against the backdrop of the broader macro environment and efforts to mitigate internal supply challenges. The implementation of the new Labour Codes did not have a material impact on the company, it added. Shares of the company on Monday settled 1.01 per cent up at Rs 2,511 apiece on BSE.

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Markets end higher on trade deal optimism; Sensex reclaims 84,000-mark

INDIA BUSINESS | Mon, 9 Feb 2026, 4:30PM IST Sensex jumped 485.35 points, or 0.58%, to close at 84,065.75; Nifty appreciated by 173.60 points, or 0.68%, to settle at 25,867.30

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9 Nifty500 stocks with rising Promoter pledges in Q3FY26

INDIA MARKET | Mon, 9 Feb 2026, 4:27PM IST This can indicate financial stress or the need for liquidity, as it suggests the promoters are using their shares to secure funding.

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Euler Motors ties up with Jio-bp to expand EV charging infra

INDIA BUSINESS | Mon, 9 Feb 2026, 4:27PM IST Euler Motors and Jio-bp are joining forces. They will work together to build more electric vehicle charging stations. This initiative focuses on key areas for commercial electric vehicles across India. The goal is to make charging easier for fleet operators. This partnership aims to boost the adoption of electric commercial vehicles nationwide. It supports India's move towards cleaner transportation.

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Delhi to get 570 new electric buses

INDIA NEWS | Mon, 9 Feb 2026, 4:26PM IST Mumbai: Eversource Capital-promoted GreenCell Mobility on Monday announced it will deploy 570 electric buses in Delhi over the next few months as part of the Delhi Government's e-bus project.The 12-metre, air-conditioned electric city buses with higher battery capacities, specifically designed to meet Delhi's operating requirements and challenging road conditions, will operate from depots at Rajghat, Dilshad Garden, and Seemapuri, strengthening commuter connectivity and enhancing the quality of public transport services across key routes in the city, Greencell Mobility said.Also Read: Delhi CM Rekha Gupta flags off 500 electric buses to mark BJP-led govt's first yearEarlier late last month, the company had announced securing USD 89-million mezzanine funding from International Finance Corporation (IFC), British International Investment (BII) and Tata Capital to support its electric vehicle operations pan-India.The deployment follows the completion of the USD 89 million investment round, reflecting strong institutional confidence in GreenCell Mobility's ability to deliver scalable electric mobility solutions for India's transportation sector, the company said."Delhi's electric bus rollout represents the next phase of India's public transport transition from pilots to scaled, city-wide adoption. This deployment showcases how institutional capital, policy intent and operational capability can come together to deliver clean mobility at scale," said Devndra Chawla, Managing Director and CEO at GreenCell Mobility.The company currently operates a fleet of over 1,200 electric buses across intra-city and inter-city routes, supported by more than 270 charging stations nationwide.With projects awarded under the National E-Bus Program and the PM Seva E-Mobility Program across Delhi, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Bihar, and the Union Territory of Puducherry, the company is set to scale its fleet to over 3,700 electric buses following the recent investment round, it stated.Besides the National Capital, the company is executing large-scale electric city bus projects across multiple states, including Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Bihar as well as in Pondicherry.The company also operates 50 intercity electric buses for the Maharashtra State Road Transport Corporation (MSRTC).

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Delhi to get 570 new electric buses from GreenCell Mobility

INDIA BUSINESS | Mon, 9 Feb 2026, 4:26PM IST GreenCell Mobility will introduce 570 electric buses in Delhi soon. These buses will enhance public transport across the city. This deployment follows a significant funding round. The company is expanding its electric bus fleet nationwide. This marks a major step in India's public transport transition. GreenCell Mobility is a key player in scalable electric mobility solutions.

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Edelweiss Mutual Fund launches Greater China Equity Fund via GIFT City

INDIA MUTUAL FUNDS | Mon, 9 Feb 2026, 4:24PM IST Edelweiss Mutual Fund has launched the Edelweiss Greater China Equity Fund through GIFT City, allowing investors to invest online with a minimum investment of $5,000. The new offering feeds into the existing Edelweiss Greater China Fund, providing exposure to Chinesechina equities.

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Euler Motors partners Jio-bp to expand EV charging network across India

INDIA BUSINESS | Mon, 9 Feb 2026, 4:19PM IST Electric commercial vehicle manufacturer Euler Motors on Monday said it has tied up with Jio-bp to collaborate on expanding EV charging infrastructure across high-demand logistics hubs in India. The strategic partnership aims to support the growth of electric commercial vehicles by improving charging accessibility for fleet operators and users nationwide. As part of the collaboration, the partners will identify business hubs for commercial EV deployment. "India's transition towards sustainable mobility requires strong collaboration between vehicle innovation and energy infrastructure. Our partnership with Euler Motors represents a shared commitment to accelerating the electrification of commercial logistics, a segment that will play a decisive role in reducing urban emissions and improving freight efficiency," Jio-bp Chairman Sarthak Behuria said in a statement. Ashish Tandon, Global Head of Customer Excellence, Euler Motors, added that the MoU brings together two committed partner

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Religare Broking appoints Vijay Kumar Goel as Managing Director

INDIA MARKET | Mon, 9 Feb 2026, 4:18PM IST Religare Broking on Monday said it has appointed Vijay Kumar Goel as its managing director as the broking firm focuses on scaling its core broking business and expanding wealth product distribution offerings.

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HCL Technologies achieves AWS Competencies in Supply Chain, Security and HPC

INDIA MARKET | Mon, 9 Feb 2026, 4:16PM IST HCL Technologies (HCLTech) has achieved AWS Competencies in three categories: Supply Chain, Security and High Performance Computing (HPC). The recognitions underscore HCLTech's continued investment in building deep cloud capabilities and delivering meaningful outcomes for clients on Amazon Web Services (AWS) .

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Rupee finds muted relief from weaker dollar; corporate flows dominate

INDIA CURRENCY | Mon, 9 Feb 2026, 4:15PM IST The Indian rupee closed a tad weaker on Monday, unable to benefit from a broadly weaker dollar in the face of corporate demand for the greenback over a trading session that was also marked by technical glitches.

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Gujarat signs LoI with Starlink for satellite internet in remote areas

INDIA MARKET | Mon, 9 Feb 2026, 4:13PM IST Chief Minister Bhupendra Patel said the agreement aims to improve high-speed internet access in areas where telecom infrastructure remains limited

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New EPFO app to allow members to withdraw EPF money via UPI: Report

INDIA MARKET | Mon, 9 Feb 2026, 4:05PM IST Currently, the member uses either the Universal Account Number (UAN) portal or the UMANG app to access their EPF accounts and avail of their services

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China's Shanghai Composite index rallies 1.41%

INDIA MARKET | Mon, 9 Feb 2026, 4:05PM IST A weaker dollar lifted precious metals, with gold surging above $5,000 an ounce ahead of key U.S. jobs data due this week, including reports on jobs, inflation and consumer spending.

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Indices extend gains for 2nd day; Nifty ends above 25,850 mark

INDIA MARKET | Mon, 9 Feb 2026, 4:04PM IST All the sectoral indices on the NSE were ended in the green, led by gains in Media, Consumer Durables and PSU Bank shares.

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Sky Gold & Diamonds consolidated net profit rises 120.42% in the December 2025 quarter

INDIA MARKET | Mon, 9 Feb 2026, 4:03PM IST Sales rise 77.13% to Rs 1767.68 crore

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Alan Scott Enterprises reports consolidated net loss of Rs 0.70 crore in the December 2025 quarter

INDIA MARKET | Mon, 9 Feb 2026, 4:03PM IST Sales rise 5.76% to Rs 8.26 crore

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Man Industries (India) consolidated net profit rises 61.31% in the December 2025 quarter

INDIA MARKET | Mon, 9 Feb 2026, 4:03PM IST Sales rise 13.45% to Rs 830.38 crore