February 12, 2026

Personalised for *|FNAME|*

Sign In | Forward to Friend

IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org

IMC EVENTS

NOTICE

Notifications

 
CUSTOMS

10
Feb

Notification No. 16/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

10
Feb

Notification No. 17/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

10
Feb

Notification No. 18/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

10
Feb

Notification No. 19/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

RBI

10
Feb

RBI/2025-26/204 (Delhi)
All Agency Banks to remain open for public on March 31, 2026 (Tuesday)

10
Feb

RBI/2025-26/205 (Delhi)
Voluntary Retention Route – Imparting predictability and increasing ease of doing business

10
Feb

RBI/2025-26/206 (Delhi)
Lending to Micro, Small & Medium Enterprises (MSME) Sector (Amendment) Directions, 2026

You will be redirected on the external link. You will be redirected on IMC online membership renewal page
Click for BILATERAL TRADE ENQUIRIES

LIVE MARKET

NSE (NIFTY)

0

BSE (SENSEX)

0

NASDAQ

0

FTSE 100

0

USD

0

EURO

0

GBP

0

GOLD

0

SILVER

0

INDIAN ECONOMY

It is inevitable that the India-US trade deal reflects a structural imbalance, says Brahma Chellaney

The structural imbalance in the India-US trade deal is inevitable, mostly due to power differentials and asymmetry in negotiations, reasoned geostrategist Brahma Chellaney. He argued that leverage is the “currency of diplomacy” and “reciprocity is its governing principle”. “Because of power differentials,...

Read More

India's trade deals with US, EU lift its credit outlook to 'Stable', CareEdge Ratings says

India’s recent trade breakthroughs with the US and the European Union, coupled with a calibrated fiscal roadmap in the Union Budget 2026-27, are reinforcing the country’s credit fundamentals, according to CareEdge Global Ratings (BBB+/Stable). The newly announced India-US trade pact is expected to lower US...

Read More

Andhra aims to become $3.4 trillion economy by 2047: Guv in Assembly; YSRCP walks out

The Andhra Pradesh government has determined to achieve its sustained high growth to build a Rs 308 lakh crore (USD 3.4 trillion) economy with a per capita income of Rs 55 lakh by 2047, Governor S Adbul Nazeer said in the Assembly on Wednesday. Amid sloganeering by YSRCP MLAs seeking Opposition Party statu...

Read More

UP govt’s first-ever economic survey highlights economic growth

For decades, Uttar Pradesh has served as the shorthand for missed opportunities. Trapped within the “BIMARU” acronym—backward, burdened, and perpetually playing catch-up—the state sat at the heart of India’s demographic advantage but failed to capitalize on it. Today, that label is being strategically dismant...

Read More

New CPI base reflects spending reality: Saurabh Garg

Pushing back on the claims that the reduced weight of food and beverages in the new consumer price index (CPI) series would diminish the headline inflation during food price spikes, Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg has said it would not be appropriate to make ...

Read More

Jobless rate eases to 4.8% in Q3

The unemployment rate (UR) among persons aged 15 years and above declined to 4.8% in the October–December quarter of 2025–26, the lowest print so far in the current financial year, according to the quarterly Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementatio...

Read More

Experts flag risks from duty cuts on US goods

Domestic manufacturing of industrial goods in sectors such as automobiles and auto components, shipbuilding, basic metals, and others may be impacted by the reduction or removal of import duties on industrial products imported from the US, experts said. “The industrial products in these sectors (auto, ship...

Read More

US U-turn on India trade deal: New white paper removes three sticky points on pulses, $500bn ‘commitment’

The White House has quietly changed the wording in its fact sheet on the proposed India-US trade agreement. The update tones down some of the earlier, stronger language and adds clarity on what India may buy from the United States, especially when it comes to energy and farm products. India and the US anno...

Read More

MARKET & FINANCE

Morning Bid: Yen Roars Back as US Consumer Engine Sputters

A look at the day ahead in European and global markets from Tom Westbrook Earnings season and data are driving markets on Wednesday, and a rebound in the yen is gathering steam. TotalEnergies, Siemens Energy, Deutsche Boerse, Heineken, Schindler and EssilorLuxottica are among the companies reporting in ...

Read More

Birla ups stake in Vodafone Idea via market purchases

Aditya Birla Group chairman Kumar Mangalam Birla has increased his personal stake in Vodafone Idea through open market purchases in four tranches between January end and first week of February . Birla purchased 22.1 million shares on January 30, 18.8 million shares on February 1, t4.5 million shares on Feb...

Read More

GLOBAL CORPORATE

US Issues License Facilitating Oil, Gas Exploration and Production in Venezuela

The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country. Washington has relaxed sanctions on Venezuela's energy industry since U.S. forces captured President...

Read More

Exclusive-ByteDance Developing AI Chip, in Manufacturing Talks With Samsung, Sources Say

China's ByteDance is developing an artificial intelligence chip and is in talks with Samsung Electronics to manufacture it, two people familiar with the matter said, as the TikTok parent seeks to secure supply of advanced processors. ByteDance aims to receive sample chips by end-March, they said. The compa...

Read More

Submarine Maker TKMS Hits Record $22 Billion Order Backlog, Raises Sales Outlook

German submarine maker TKMS reported a $22 billion order backlog - a new record - and raised its 2026 sales outlook on Wednesday, citing a boost in demand for warships at a time of rising geopolitical tensions. Like many of its peers, TKMS has been riding a surge in investor demand for shares in defence co...

Read More

South Korea Crypto Exchange Bithumb Says System Flaws Led to $40 Billion Error

South Korea's Bithumb said on Wednesday that serious flaws had left the crypto exchange's internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week. The country's second-largest virtual asset exchange said it accidentally gave...

Read More

Siemens Energy Profit Soars on AI-Driven Power Demand, Shares Hit Record

Siemens Energy's net profit nearly tripled in the first three months of its fiscal year, boosted by AI-driven demand for gas turbines and grid equipment and a narrower loss at its struggling wind turbine division. The company's results on Wednesday reflect the global build-out of data centres to power AI t...

Read More

The trade deal that stitches US gains while Bangladesh threads the needle of risk

Bangladesh may have signed on the dotted line, but in the trade tug-of-war with the United States, it looks like Washington came out the clear winner, as per a GTRI report. The recently announced US–Bangladesh deal offers conditional benefits for Dhaka, but at a cost that may far outweigh the gains. Zero d...

Read More

INCOME TAX

How The Taxman Plans To Close Cases Faster

The income tax (I-T) department has set a target to dispose of over 2 lakh Commissioner of Income Tax (Appeals), or CIT(A), cases this financial year (FY26), building on last year's disposal of 1.72 lakh cases, with a significant number already cleared by January, a senior finance ministry official said in a ...

Read More

Now request for nil or lower TDS deduction for property and other transactions via this new form as per Income Tax Act, 2025; See what's changed

To get relief from TDS deduction, you need to submit an application to the Income Tax Department using a specific form, and then you can get a nil or lower TDS certificate for a particular period of time. For instance, if you are planning to sell your property and expect it to be sold between April and Octobe...

Read More

Tax refunds delay: Nearly 24 lakh ITRs pending for processing for more than 90 days, govt explains why

Nearly 24 lakh income tax returns (ITRs) for AY 2025-26 have remained pending for processing for over 90 days till 4th February 2026, the government told Parliament, triggering concerns among taxpayers — especially senior citizens — who have been waiting for their tax refunds for months. In a written reply...

Read More

Banking

Interview with chairman SC Shetty: 'SBI Will Double Its Balance Sheet In 6-7 Years'

CS Setty, chairman of State Bank of India (SBI), in a conversation with Tamal Bandyopadhyay, at the Business Standard BFSI Insight Summit 2025, discusses the slowdown in credit growth in the economy, the Reserve Bank of India’s (RBI) reforms in the banking sector announced after the October Monetary Policy Co...

Read More

Unclaimed bank deposits of Rs 72,454 crore lying with DEA Fund: MoS Finance

Around Rs 72,454 crore unclaimed deposits of banks, including foreign lenders, are with the Depositor Education and Awareness (DEA) Fund maintained by the Reserve Bank of India (RBI) as of January 28, 2026, Parliament was informed on Tuesday. The balances in savings and current accounts that remain inopera...

Read More

GLOBAL ECONOMY

China Makes Small Dent in Deflation Battle as Supply-Demand Imbalance Persists

China's consumer inflation cooled in January while producer price deflation persisted, highlighting once again the underlying weakness in domestic demand and a key challenge for policymakers looking to shore up an uneven economic ...

Read More

Australia Central Bank Again Says Inflation Rate Is Too High

A top Australian central banker said on Wednesday inflation was too high and policy makers were committed to doing whatever was necessary to bring it to heel, pointing to the strength of credit growth as a sign rates were not rest...

Read More

US Job Growth Likely Picked up in January; Unemployment Rate Forecast Steady at 4.4%

U.S. job growth likely picked up in January, supported by fewer layoffs in some seasonal industries, but the labor market remained sluggish as lingering uncertainty over import tariffs tempered hiring and tighter immigration enfor...

Read More

EU leaders meet to chart economic path amid China rivalry, US uncertainty

European Union leaders gather in a Belgian castle on Thursday to thrash out how they can compete economically with a global rival like China and a less reliable ally like the U.S. as the rules-based world order frays. EU growth...

Read More

INDIAN CORPORATE

Titan Q3 profit up 61% on high gold prices, beats estimate

Led by high gold prices, Titan Company, the country’s largest jewellery retailer, reported a consolidated net profit of Rs 1,684 crore for the December quarter (Q3) of fiscal 2026 (FY26), marking a 61% year-on-year (YoY) rise in b...

Read More

CNH resumes tractor exports to US, expand portfolio, increase component sourcing

CNH India, a manufacturer of agricultural and construction equipment, is resuming its exports of tractors and components to the United States. The company plans to significantly increase its exports of components and aggregates fr...

Read More

Britannia Q3 net grows 17%, in line with estimate

Biscuit major Britannia Industries saw consolidated third-quarter profit for FY26 rise 17% year-on-year to Rs 680 crore, driven by an uptick in consumption on the back of GST-led price cuts. The number was in line with street e...

Read More

Airtel zooms past Jio in subscriber additions in December: Trai

For the first time since January 2025, Bharti Airtel outpaced market leader Reliance Jio in net subscriber additions in December 2025 as the telco added 5.43 million net new users in the month, compared to Jio’s 2.96 million, acco...

Read More

India long-term contributor to volume growth: Coca-Cola

The world’s largest beverage company Coca-Cola on Tuesday told investors that it continued to bet on India despite weather-related uncertainty and heightened competition in the market. The comments were made following its December...

Read More

Polaris plans Rs 4,500-cr expansion, battery storage foray

Betting on the surge in smart meters in the country, Polaris Smart Metering has committed close to Rs 4,500 crore in capital by 2027 across manufacturing, project execution and a new battery energy storage business, while also exp...

Read More

Oil India Q3 profit falls 34% as crude prices soften; refinery arm posts strong rebound

State-owned upstream major Oil India Limited reported a sharp 34% year-on-year decline in standalone net profit to Rs 808 crore for the December quarter, weighed down by a steep fall in crude oil realisations amid a softer global ...

Read More

M&M Q3FY26 profit rises 32.62% on strong SUV, farm demand; records labour code impact of Rs 293 cr

Mahindra & Mahindra (M&M) reported a 32.62% year-on-year (YoY) increase in its Q3FY26 standalone net profit at Rs 3,931.3 crore, from Rs 2,964.31 crore reported in Q3FY25. The automaker’s revenue from operations stood at Rs 38,...

Read More

IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .

Head Office :
IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India
Tel : 91-22-71226633

E-Mail : imc@imcnet.org
Website : www.imcnet.org