February 07, 2026

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IMC EVENTS

NOTICE

Notifications

 
CUSTOMS

3
Feb

Circular No. 01 /2026-Customs (Delhi)
Extending export benefits for exports made through Postal mode- Amendment to Circular No. 25/2022-Customs dated 09.12.2022

3
Feb

Circular No. 02 /2026-Customs (Delhi)
Clarification on the term RPA (Remote Pilot Aircraft) for military use

3
Feb

Circular No. 03 /2026-Customs (Delhi)
Extension of time period under Deferred Payment of Import Duty Rules, 2016 and addition of eligible manufacture importer in class of eligible importers to avail the facility

3
Feb

Circular No. 04 /2026-Customs (Delhi)
Guidelines for uniform implementation of Baggage Rules, 2026.

3
Feb

Circular No. 05 /2026-Customs (Delhi)
Onboarding of CDSCO, WCCB, Textile Committee and MeitY on SWIFT 2.0 as Single Touch Point for Trade.

3
Feb

Circular No. 06 /2026-Customs (Delhi)
Automation of Customs processes in import and export

3
Feb

Circular No. 07 /2026-Customs (Delhi)
Introduction of system-based e-Scheduling for examination of cargo and mandatory use of Body Worn Cameras (BWC) during examination of import cargo.

2
Feb

Notification No. 11 /2026 - CUSTOMS (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

2
Feb

Notification No. 12 /2026 - CUSTOMS (Delhi)
G.S.R.... (E). In exercise of the powers conferred by the proviso to sub-section (1) of section 47 of the Customs Act, 1962 (52 of 1962)

2
Feb

Notification No. 13 /2026 - CUSTOMS (Delhi)
G.S.R....(E). In exercise of the powers conferred by the proviso to sub-section (1) of section 47 and section 156 of the Customs Act, 1962

2
Feb

Notification No. 14 /2026 - CUSTOMS (Delhi)
G.S.R.... (E). - In exercise of the powers conferred by section 79 of the Customs Act, 1962 (52 of 1962)

2
Feb

Notification No. 15 /2026 - CUSTOMS (Delhi)
S.O....- In exercise of the powers conferred by section 81 of the Customs Act, 1962

INCOME TAX

2
Feb

Notification No. 16/2026 (Delhi)
S.O. 433(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

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LIVE MARKET

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INDIAN ECONOMY

FTAs to cover 71% of India’s exports as US, EU deals expand trade footprint

India’s expanding network of free trade agreements (FTAs) has significantly reshaped the country’s external trade profile over the past two decades. With the US now joining India’s FTA partners alongside the European Union, nearly 71 percent of India’s exports are expected to fall under trade agreements in 20...

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RBI Inflation 2026–27: FY26 forecast rises slightly to 2.1%, Q4 at 3.2%

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday raised its inflation forecast for FY27, marking a shift from the central bank’s earlier expectation of disinflation. CPI inflation projections for Q1 and Q2 of FY27 have been revised slightly upward to 4% and 4.2%, respectively. "The sli...

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RBI’s inflation gaze adds gold and silver prices along with onion and tomatoes

RBI MPC: The Reserve Bank of India in its Monetary Policy Committee on Friday flagged rising gold and silver prices as a material factor shaping its inflation outlook, marking a shift in how the central bank is interpreting recent price pressures. Elevated prices of the two precious metals have prompted a ...

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India must act as an independent pole in multipolar world: ex-Singapore FM

Former Singapore Foreign Minister George Yeo has advocated that India should act as an independent pole in a multipolar world, emphasizing to pursue "firm but flexible" diplomacy against the USA. He has urged India to normalize ties with China, suggested a "Panchsheel 2.0" framework, and highlighted India'...

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RBI GDP Growth 2026: Central bank nudges forecast higher, upgrades early FY27 outlook

India’s central bank on Friday raised its real GDP growth projection for 2025-26 to 7.4%, signalling confidence in the durability of domestic demand even as global trade uncertainties and financial market volatility cloud the external outlook, as it held interest rates steady. The revised forecast marks a ...

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India-US trade deal to boost merchandise exports, FTAs may help sustain growth momentum, says RBI Governor Malhotra

With the signing of a landmark trade deal with the European Union and the US trade agreement in sight, growth momentum is likely to be sustained for a longer period, Reserve Bank of India Governor Sanjay Malhotra said on Friday. "While services exports are expected to remain strong, merchandise exports wil...

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India-US trade deal details to determine the impact on Rupee, says RBI chief Malhotra

India-US trade deal will have an impact on the Indian Rupee, however, the extent would depend on the details of the pact, Reserve Bank of India Governor Sanjay Malhotra said on Friday. "Now the trade deal will be signed. So what will be the impact of this trade deal It will depend on the details of the tra...

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India open to buying oil from Venezuela depending on ‘commercial viability’: Foreign Ministry

The Indian Foreign Ministry spokesperson Randhir Jaiswal said that India is open to buying oil from nations including Venezuela, depending on commercial viability. “There is a history of engagement with Venezuela. We have a long-standing energy partnership with them, and we remain open to exploring options...

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Finance Commission nudges states to mirror Centre’s PSU policy

The financial performance of State Public Sector Enterprises (SPSEs) underscores the urgent need for comprehensive reforms at the State level, aligned with the Union government’s New Public Sector Enterprise (PSE) Policy, the 16th Finance Commission said in its report. As per the latest available data, nea...

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US to cut India tariff in 4-5 days: Piyush Goyal

The steep cuts in tariff on Indian exports to the US, agreed on as part of the bilateral trade deal, will take effect ‘in the next 4-5 days’ on the signing of the joint statement between the two countries, Commerce and Industry Minister Piyush Goyal said Thursday. India will lower its tariffs for American goo...

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MARKET & FINANCE

RBI lifts cap on foreign bond investments via lock-in route

India's central bank has removed the limit of Rs 2.5 lakh crore ($27.70 billion) for investments in debt securities under the voluntary retention route (VRR), the Reserve Bank of India governor said on Friday. "Investment through the VRR in each category of securities will be subject to the investment ceil...

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RBI MPC 2026: India's forex reserves stand at $723.8 billion as on January end, Guv Malhotra says

India’s foreign exchange reserves climbed to $723.8 billion as of January 30, 2026, providing a robust merchandise import cover of more than 11 months, Reserve Bank of India chief Sanjay Malhotra said on Friday, adding that the central bank is confident of meeting its external financing requirements comfortab...

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India may go slow on full digital rupee rollout, track global cues

India is likely to adopt a wait-and-watch approach in deploying the central bank digital currency (CBDC) beyond the ongoing pilots, taking cues from other major economies, government sources said. India is monitoring developments the United Kingdom and parts of Europe, among others, on their CBDC framework...

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RBI lifts cap on foreign bond investments via lock-in route

India's central bank has removed the limit of Rs 2.5 lakh crore ($27.70 billion) for investments in debt securities under the voluntary retention route (VRR), the Reserve Bank of India governor said on Friday. "Investment through the VRR in each category of securities will be subject to the investment ceil...

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RBI MPC 2026: India's forex reserves stand at $723.8 billion as on January end, Guv Malhotra says

India’s foreign exchange reserves climbed to $723.8 billion as of January 30, 2026, providing a robust merchandise import cover of more than 11 months, Reserve Bank of India chief Sanjay Malhotra said on Friday, adding that the central bank is confident of meeting its external financing requirements comfortab...

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GLOBAL CORPORATE

Saudia in Talks With Boeing, Airbus for Its Largest Jet Order to Date, Bloomberg News Reports

Saudi Arabia's flagship carrier Saudia is in early talks with Boeing and Airbus to buy at least 150 narrowbody and widebody jets, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report....

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Supply Chain Chaos Becomes Aviation's 'New Norm' as Demand Hits Records

Years after the pandemic, the aviation industry is still struggling to recover from supply chain disruptions that have been exacerbated by record passenger demand and geopolitical challenges, executives and suppliers say. Airlines have been forced to keep older, less fuel-efficient planes flying for longer...

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Toyota Raises Full-Year Operating Profit Outlook by 11.8%

Toyota Motor raised its full-year operating profit forecast on Friday, as it expects a weak yen and cost reduction efforts to lift its results. The world's biggest automaker now expects operating profit of 3.8 trillion yen ($24.26 billion) for the year to the end of March, up 11.8% from its previous outloo...

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INCOME TAX

No plan to reopen old cases after Tiger Global verdict: CBDT Chairman

Chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal said there is no intention to reopen old cases following the Supreme Court’s ruling in the Tiger Global matter. In an exclusive interaction with Pushpita Dey and Dipak Mondal, he also explained how the Budget has addressed complications around ...

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Crypto assets ‘unregulated in India’, I-T Dept takes action in tax evasion cases: What it means for crypto holders

The government has once again made it clear that crypto assets remain unregulated in India, but that does not mean crypto investors are outside the tax and enforcement net. In a written reply in Parliament, the Finance Ministry said that while the government does not collect data on crypto holdings, tax ev...

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Banking

RBI announces up to Rs 25,000 compensation for digital fraud, proposes curbs on mis-selling and recovery agents

Reserve Bank Governor Sanjay Malhotra announced a new framework to compensate customers up to Rs 25,000 for losses incurred from small-value fraudulent transactions. “It is also proposed to introduce a framework to compensate customers up to an amount of Rs 25000 for loss incurred in small-value fraudulent...

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How Cyber fraud victims can get Rs 25,000 compensation, RBI Governor clarifies

RBI Monetary Policy, MPC Meet 2026 Live Updates: The Reserve Bank of India has kept repo rate unchanged at 5.25%, maintains ‘Neutral’ stance. Going forward, the RBI Monetary Policy Committee will be guided by external and domestic factors. External headwinds have intensified but the successful completion o...

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GLOBAL ECONOMY

Mexico keeps interest rate steady after 12 consecutive cuts

Mexico's Banxico Central Bank on Thursday ended a prolonged streak of monetary easing, leaving its benchmark interest rate unchanged at 7.0 percent, citing upside risks to inflation. After 12 consecutive rate cuts, the bank's pol...

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German exports to US plunge in 2025 due to tariffs

German exports to the United States plunged last year due to President Donald Trump's tariff blitz, and the trade surplus of Europe's top economy with the US shrunk to a four-year low, data showed Friday. But total exports for 20...

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Moody's Cuts Indonesia Outlook to Negative on Governance Concerns

Moody's said on Thursday it had cut Indonesia's credit rating outlook to negative from stable, citing reduced predictability in policymaking days after MSCI flagged transparency issues that triggered a market rout of more than $80...

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Singapore Budget May Be Less Generous Amid Resilient Growth

Singapore is expected to unveil a fiscally conservative budget next week, focusing on balancing robust growth with longer-term fiscal discipline after elevated support for households in 2025. Bank of America, Maybank and DBS fo...

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Hungary's Orban Flags Fourth Year of 5% Deficit as Election Spending Bites

Hungary's budget deficit could stay around 5% of output for the fourth successive year in 2027, Prime Minister Viktor Orban said on Friday, amid heavy pre-election spending and the lack of a clear strategy on how to curb the short...

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Vietnam's Trade Surplus With US Surges in January as Imports From China Hit New High

Vietnam's trade surplus with the United States grew in January by nearly 30% year on year as exports climbed, while imports from China hit a new monthly high, official data released on Friday showed. Hanoi has been in talks for...

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Japan Q4 GDP Seen Returning to Growth on Robust Investment: Reuters Poll

Japan's economy is expected to have returned to growth in the final three months of 2025, thanks to vigorous corporate investment and resilient consumption, a Reuters poll showed on Friday. Gross domestic product (GDP) in real ...

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Yuan Heads for Longest Weekly Winning Streak Against Dollar in 13 Years

China's yuan held a soft tone on Friday, but remained on track for its longest winning streak against the dollar in nearly 13 years buoyed by strong exports. By 0355 GMT, the yuan was 0.05% lower at 6.9396 to the dollar after t...

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Indonesian Markets Slide Again, After Moody's Cuts Outlook

Indonesia's stocks and currency skidded on Friday after Moody's lowered the country's credit rating outlook, the latest jolt for Southeast Asia's largest economy, wiping about $120 billion off its equity market in a turbulent star...

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Morning Bid: Fed Under Pressure as Layoffs Mount

A look at the day ahead in European and global markets from Gregor Stuart Hunter. It's Jobs Friday and there is no jobs report. With non-farm payrolls delayed by a U.S. government shutdown - again - and a selloff on Wall Street...

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Hungary's Orban Flags Fourth Year of 5% Deficit as Election Spending Bites

Hungary's budget deficit could stay around 5% of output for the fourth successive year in 2027, Prime Minister Viktor Orban said on Friday, amid heavy pre-election spending and the lack of a clear strategy on how to curb the short...

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INDIAN CORPORATE

SC Orders NBCC to Complete Supertech Housing Projects, Protecting Homebuyers

Coming to the rescue of thousands of hassled homebuyers waiting for the delivery of their dream homes for almost two decades, the Supreme Court on Thursday upheld an NCLAT order asking the State-owned NBCC to complete 16 housing p...

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LIC takes Rs 1,400 crore hit from loss of GST-linked input tax credit

Life Insurance Corp. (LIC) has taken a hit of Rs 1,400 crore due to the loss of input tax credit after certain life and health plans were exempted from the goods and services tax (GST). However, the country’s largest insurer ma...

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LIC Q3 FY26 profit rises 17% to Rs 12,958 crore on strong premium growth

State-owned life insurer Life Insurance Corporation of India (LIC) reported a 17 per cent jump in net profit at Rs 12,958 crore in the third quarter ended December 2025. The country’s biggest insurer earned a net profit of Rs 11,0...

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Tata Motors posts Rs 3,483 crore Q3 loss as JLR cyber fallout persists

Tata Motors reported a consolidated net loss of Rs 3,483 crore for the quarter ended December 31, 2025, as the lingering impact of a cyber attack incident at its luxury arm Jaguar Land Rover continued to weigh on performance. R...

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IOC Q3 profit jumps over four-fold to Rs 12,126 crore on strong refining and fuel sales

State-run refiner Indian Oil Corporation on Thursday reported a more than four-fold jump in its standalone net profit for the December quarter, driven by a sharp improvement in refining and marketing margins and higher fuel sales,...

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‘Our capex for FY27 will be around Rs 25,000 crore’: Praveer Sinha, MD and CEO at Tata Power

ata Power posted a 25% y-o-y drop in net profit to Rs 772 crore in Q3FY26 and its revenues fell 9.4% y-o-y to Rs 13,948 crore. Praveer Sinha, managing director and CEO, Tata Power, in an interview with Raghavendra Kamath, shared h...

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Hero MotoCorp profit rises 12%; misses estimates

Hero MotoCorp reported a 12% jump in its standalone net profit for the third quarter of FY26 to Rs 1,349 crore, compared with Rs 1,203 crore in the year-ago period, though it missed the Bloomberg estimate of Rs 1,387 crore. Rev...

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Airtel profit dips on higher provisions

Bharti Airtel on Thursday reported a marginal quarter-on-quarter decline in net profit for the October–December quarter, as higher exceptional charges and increased provisions weighed on the bottom line, even as operating performa...

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PhysicsWallah posts 34% revenue growth, 33% profit jump in Q3

Listed edtech major PhysicsWallah reported a 34% year-on-year increase in revenue from operations to Rs 1,082.4 crore for Q3FY26. The Noida-based firm posted a profit after tax (PAT) of Rs 102.3 crore during the period, marking a ...

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