๐ฐ India Business Brief: Top Headlines for February 05, 2026
Published: 2026-02-05 08:30 IST | Category: Markets | Author: Abhi
Business Standard
- CCI Orders Antitrust Probe Against IndiGo: The Competition Commission of India has initiated a probe into IndiGo for alleged abuse of its dominant market position, following complaints regarding its pricing and operational practices.
- Yes Bank Appoints New Leadership: Vinay Tonse has been officially named as the new Managing Director and CEO of Yes Bank, a move expected to provide a new strategic direction for the private lender.
- Sebi Eases Algorithmic Trading Rules: The Securities and Exchange Board of India has relaxed the order-to-trade ratio framework, aimed at reducing the compliance burden for high-frequency and algorithmic traders.
- India-GCC FTA Milestone: India and the Gulf Cooperation Council (GCC) are scheduled to sign the terms of reference today, February 5, to officially launch negotiations for a Comprehensive Free Trade Agreement.
- Cognizant Posts Strong Q4 Growth: The IT major reported a 19% year-on-year rise in net profit for the December quarter and announced plans to significantly increase freshers' hiring in 2026.
Economic Times
- Larry Fink Urges Capital Market Depth: BlackRock CEO Larry Fink, in an interview in Mumbai, emphasized that India must prioritize domestic capital markets over foreign inflows to ensure citizens can participate in the countryโs projected 6-10% economic growth.
- India-US Trade Deal Progress: Commerce Minister Piyush Goyal confirmed that paperwork is underway to finalize the India-US trade deal, highlighting that sensitive domestic sectors have been carefully safeguarded.
- Mukesh Ambani's Bull Case for India: Reliance Industries Chairman Mukesh Ambani outlined a vision for the Indian economy to reach $30 trillion, suggesting the potential for "100 Reliances" to emerge within the next few decades.
- Energy Realignment with the US: In a strategic shift, reports indicate India is prepared to increase oil imports from the United States, even at a higher cost, as part of a broader diplomatic and trade realignment.
- Gig Workers Strike Call: Trade unions representing ride-hailing and delivery gig workers have called for a nationwide strike on February 7 to demand better social security and transparent wage structures.
Mint
- Market Outlook and RBI Policy: Indian benchmark indices, Sensex and Nifty 50, are expected to consolidate today as market participants await the Reserve Bank of Indiaโs (RBI) upcoming monetary policy decision and monitor global cues.
- Services Sector Rebound: Indiaโs services sector showed a strong recovery in January 2026, driven by robust domestic demand and a surge in new export orders, according to the latest PMI data.
- AI Disrupts IT Sentiment: Concerns over rapid advances in AI, specifically new productivity tools from startups like Anthropic, have weighed on the IT sector, leading to a cautious outlook for traditional software service models.
- Dividend Stocks in Focus: Investors are tracking several high-yield stocks today, including NTPC, REC, and HUDCO, as they approach their ex-dividend dates following recent payout announcements.
- Budget 2026 Tax Reliefs: Analysts are highlighting five key tax reliefs for middle-class taxpayers in the recently announced budget, including simplified TCS norms and extensions for revised return deadlines.
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Tags: Headlines Business News Economic Times Business Standard Mint Top News