📰 India Business Brief: Top Headlines for February 24, 2026

Business Standard

• GIFT Nifty futures indicated a weak opening for Indian indices, trading approximately 100 points lower at 25,760, tracking a sharp overnight sell-off on Wall Street.
• The third edition of the "Business Standard Manthan" thought leadership summit officially kicks off today, featuring discussions on India's economic trajectory.
• Finance Minister Nirmala Sitharaman addressed concerns over gold imports, stating they are "not alarming yet," while noting that FDI inflows remain a "puzzle" in the current global climate.
• Shares of AU Small Finance Bank (AU SFB) plummeted nearly 7% following reports of de-empanelment by the Haryana government.
• Stocks to watch for the day include BPCL, IDFC First Bank, Vodafone Idea, Mobikwik, and Mahindra & Mahindra (M&M).

Economic Times

• The Indian government has slashed duty benefits for exporters under the RoDTEP scheme by 50%, a move that has prompted industry bodies to seek an urgent review.
• Finance Minister Nirmala Sitharaman has issued a stern warning to banks, urging them to focus on core banking activities and strictly desist from the "mis-selling" of insurance and other products.
• Amazon has announced a massive $12 billion investment to build out a new data center hub in Louisiana, reflecting the continued global boom in AI infrastructure spending.
• Patel Engineering emerged as the lowest bidder for a significant ₹910 crore dam project commissioned by the Himachal Pradesh Power Corporation (HPPCL).
• Gold prices retreated from a three-week high as the US dollar strengthened, despite initial safe-haven buying triggered by global trade uncertainty.

Mint

• The Central Government has unveiled a "monster-size" monetization plan aimed at unlocking value from state-owned assets to fund infrastructure development.
• Global brewing giant Carlsberg is reportedly planning a $700 million Initial Public Offering (IPO) on the Indian stock exchanges to capitalize on the growing domestic market.
• In a significant regulatory win, India has successfully protected the Clearing Corporation of India Ltd (CCIL) from EU interference after ESMA dropped its demand to supervise the domestic clearing house.
• US markets, including the Dow Jones and S&P 500, saw significant declines after President Trump increased the temporary tariff rate from 10% to 15%, citing a recent Supreme Court ruling.
• The Open Network for Digital Commerce (ONDC) continues to face scrutiny over its adoption rates as it attempts to replicate the success of the UPI ecosystem in the retail sector.

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