📰 India Business Brief: Top Headlines for February 13, 2026

Economic Times

• Unilever has reported a 4.6% rise in annual profits to $6.8 billion following the demerger of its ice cream division, though the company warned of "slower market conditions" ahead for 2026.
• State-owned Coal India saw its Q3 consolidated net profit decline by 16% YoY to ₹7,166 crore, despite declaring a third interim dividend of ₹5.5 per share.
• Agrochemical and animal-feed stocks surged significantly, with Avanti Feeds hitting a 20% upper circuit, driven by robust Q3 earnings and clarity regarding reduced US tariffs.
• Budget carrier SpiceJet reported a consolidated net loss of ₹261.38 crore for the December quarter, a sharp decline from the profit recorded in the same period last year.
• Mahindra & Mahindra is investing ₹196 crore to expand its Chennai research facility to boost capabilities in advanced vehicle design and future technology platforms.

Business Standard

• The GIFT Nifty indicates a negative start for the Indian indices today, trading down by over 130 points amid muted global cues and concerns over AI-related disruptions in US markets.
• India's consumer price index (CPI) inflation for January 2026 rose to 2.75% under the newly introduced series with 2024 as the base year, influenced by higher food and precious metal prices.
• SEBI is reportedly considering new measures to reduce regulatory costs for market participants, aiming to improve the ease of doing business in the financial sector.
• Metal giant Hindalco reported a 45% decline in its December quarter consolidated net profit at ₹2,049 crore, even as revenue grew by 14% to ₹66,521 crore.
• Axis Securities has identified bullish trends for Ujjivan Small Finance Bank and Shriram Finance, projecting a potential upside of up to 18% for the former.

Mint

• The Indian government is moving forward with a massive ₹3.25 lakh crore deal to acquire 114 Rafale fighter jets, with a significant portion of the fleet to be manufactured domestically under the 'Make in India' initiative.
• Draft Income Tax Rules 2026 propose a substantial hike in tax exemptions for meal vouchers, with the annual limit potentially rising to ₹1,05,600 from the current ₹26,400.
• The IT sector rout deepened as Infosys ADRs slumped more than 7% on Wall Street, following a steep sell-off in domestic technology stocks that wiped out significant market capitalization.
• Proposed changes to PAN-related rules in the draft Income Tax regulations suggest mandatory disclosure for a wider range of high-value cash deposits, withdrawals, and property transactions.
• Adani Group's Kutch Copper is targeting an EBITDA of ₹3,100 crore in FY27 as the group expands its footprint in the metals and mining segment.

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