📰 India Business Brief: Top Headlines for February 10, 2026
Published: 2026-02-10 08:30 IST | Category: Markets | Author: Abhi
Business Standard
- Corporate Capex Surge: Fixed asset creation by leading listed Indian firms hit a six-year high of 13.1% in H1FY26, signaling that the private investment cycle has shifted into top gear.
- AI Summit Luxury Boom: Delhi’s luxury hotels are seeing room rates soar to as much as ₹30 lakh per night as the city prepares to host 35,000 global delegates for the India AI Impact Summit on February 19-20.
- Record Tea Exports: India’s tea exports reached an all-time high of 280.40 million kg in 2025, driven by a sharp increase in demand from the UAE, Iraq, and China.
- Cricket Diplomacy: The Pakistan government has officially ended its boycott threat for the T20 World Cup, confirming that the high-stakes India-Pakistan match will proceed on February 15.
- BSE Financials: BSE reported a massive 166% year-on-year jump in consolidated net profit to ₹603 crore for Q3FY26, bolstered by a surge in transaction charges.
Mint
- MAT Overhaul Impact: Experts warn that the Budget 2026 overhaul of Minimum Alternate Tax (MAT)—which limits the use of tax credits to 25% per year—could force startups and power companies to pivot to the new tax regime.
- Growth Forecast Upgrade: Goldman Sachs has raised India’s 2026 growth forecast to 6.9%, citing the positive impact of lower US tariffs following the recent bilateral trade agreement.
- Ambuja-Sanghi Merger: Adani-owned Ambuja Cements has received the final nod from the NCLT for its merger with Sanghi Industries, further consolidating the group's position in the cement sector.
- Energy Policy: The Indian government reaffirmed its "multi-source" approach to oil procurement, defending continued Russian oil purchases as essential for national energy security.
- New Income Tax Rules: The Income Tax Department has issued draft rules under the new Income Tax Act, with final notifications expected by March 2026.
Economic Times
- US-India Trade Pact: Details of the landmark trade deal reveal that India has adopted quota-based auto duty cuts and provided relief on alcohol tariffs in exchange for wider market access for Indian exports.
- PSB Profit Records: Public Sector Banks (PSBs) posted a combined Q3 profit of ₹52,603 crore, with State Bank of India (SBI) leading the record-breaking growth.
- Monetary Policy Signal: The RBI has signaled a potential pause in interest rate cuts following the December reduction, as emerging inflation pressures keep the central bank cautious.
- 8th Pay Commission: The official website for the 8th Pay Commission has gone live, inviting feedback from government employees as the committee begins its deliberations on salary revisions.
- Market Trends: Seafood stocks faced selling pressure today due to rising competition and margin concerns, while the broader market remained optimistic about the "D-Street" impact of the US trade deal.
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