📰 India Business Brief: Top Headlines for February 23, 2026

Business Standard

• IDFC First Bank has reported a fraudulent activity involving ₹590 crore at its Chandigarh branch, primarily affecting accounts linked to the Haryana state government.
• The board of UPL has approved a composite scheme of arrangement to demerge its Indian and international crop protection businesses into independent listed entities.
• SEBI has issued a fresh show-cause notice to Zee Entertainment and its top management, reopening investigations into alleged fund diversion and governance lapses.
• Indian equity indices are expected to see a gap-up start, with GIFT Nifty trading up by over 150 points after the US Supreme Court overturned several of President Trump’s "reciprocal" tariffs.
• A massive 7.1-magnitude earthquake struck off the coast of eastern Malaysia early Monday morning, though no immediate casualties were reported.

Economic Times

• MakeMyTrip has achieved a major milestone by surpassing $1 billion in gross corporate bookings for the 2025 calendar year, driven by rising demand from large enterprises and SMEs.
• Gautam Adani, Chairman of the Adani Group, reviewed power projects worth ₹43,000 crore in Jharkhand and Bihar, including a 1,600 MW plant in Godda supplying power to Bangladesh.
• Legendary actor Amitabh Bachchan has been appointed as the official face of the Skill India Digital Hub (SIDH) to promote digital skilling and lifelong learning.
• State Bank of India (SBI) has announced a target to increase its green advances to 7.5%-10% of its total portfolio by 2030 through its new "CHAKRA" initiative.
• Adani Ports has signed a strategic MoU with NMDC and Vale SA to develop an integrated iron ore blending facility.

Mint

• The Insolvency and Bankruptcy Board of India (IBBI) will now share data on dubious transactions and defaulting promoters with the Enforcement Directorate (ED) to assist in money laundering probes.
• Global market sentiment remains cautious as President Trump responded to the US Supreme Court's tariff ruling by threatening to hike global tariffs to 15% via alternative avenues.
• Investors are closely monitoring rising US-Iran tensions, with reports suggesting potential military action, which could impact global oil prices and capital flows.
• Analysts have recommended a "Buy" on stocks including Coal India, L&T, and Canara Bank for Monday's trading session, citing strong technical setups.
• Wall Street's focus for the week has shifted toward Nvidia’s upcoming quarterly earnings and January's wholesale inflation data.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News