๐ฐ India Business Brief: Top Headlines for February 12, 2026
Published: 2026-02-12 08:30 IST | Category: Markets | Author: Abhi
Business Standard
- State Bank of India (SBI) has overtaken TCS to become Indiaโs fourth-largest company by market capitalization, marking a significant shift in the domestic valuation league table.
- The Securities and Exchange Board of India (Sebi) has flagged the misuse of SME platforms and is planning to introduce simpler rules to ensure better market access and transparency.
- Linde India is seeking shareholder approval for related-party transactions (RPTs) worth โน417 crore with Praxair India.
- Market analysts suggest the Nifty is likely to consolidate around the 25,950 level following a period of lackluster trading and mixed sectoral trends.
- Jubilant FoodWorks remains under investor scrutiny as gains are expected to depend heavily on a growth uptick and margin expansion in a competitive QSR environment.
Economic Times
- A massive "Bharat Bandh" is underway today, February 12, with central trade unions and farmers' organizations protesting against the recently announced India-US trade deal and new labor codes.
- Public sector banks, including SBI and Bank of Baroda, have alerted customers that services may be impacted due to the participation of major bank unions in the nationwide strike.
- E-commerce giant Flipkart, owned by Walmart, is reportedly evaluating an entry into the $9 billion online food delivery market, with plans for a pilot program in Bengaluru by mid-2026.
- Shares of Bharat Heavy Electricals Limited (BHEL) tumbled 6% following the government's announcement of a 5% stake sale via an Offer for Sale (OFS).
- Mumbai is hosting the ET Enterprise AI Agentic Summit 2026 today, focusing on transitioning AI from simple automation to autonomous business operations.
Mint
- Trade unions claim that nearly 30 crore workers across 600 districts are participating in today's strike, which has led to the closure of schools and offices in several protest-hit areas.
- The Nifty 50 outlook remains cautious, with the index settling near 25,954 as IT shares slip and investors react to mixed Q3 earnings reports.
- In global markets, Japan's Nikkei 225 hit a historic milestone, topping the 58,000 mark for the first time ever, driven by domestic political stability.
- Gold and silver ETFs have seen a rebound of up to 5% as weak economic data from the US fuels hopes for further easing by the Federal Reserve.
- Canara Bank has announced a reduction in its overnight and one-month Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points, effective from today.
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