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Financial Express Kochi

IOC Q3 net jumps over fourfold to ₹12,126 cr

STATE-RUN REFINER INDIAN Oil Corporation on Thursday reported a more than fourfold jump in its standalone net profit for the December quarter, driven by a sharp improvement in refining and marketing margins and higher fuel sales, even as its petrochemicals business continued to remain under pressure.

1 min  |

February 06, 2026

Financial Express Kochi

‘Our capex for FY27 will be around ₹25,000 crore’

Tata Power posted a 25% yo-y drop in net profit to ₹772 crore in Q3FY26 and its revenues fell 9.4% yo-y to ₹13, 948 crore.

1 min  |

February 06, 2026

Financial Express Kochi

Drug trials with non-animal testing can cut costs by 90%

A SHIFT TOWARDS non-animal methods (NAMs) can significantly reduce the timelines and costs associated with drug development, said a multi-stakeholder report released on Thursday.

1 min  |

February 06, 2026

Financial Express Kochi

Heavy industry to gain from carbon capture push

INDIA HAS PLACED one of its biggest industrial climate bets yet committing ¥20,000 crore over the next five years to scale up carbon capture, utilisation and storage (CCUS) — signalling a decisive shift from climate pledges to capital-backed execution in sectors that drive both growth and emissions.

2 min  |

February 06, 2026

Financial Express Kochi

‘WORLD MOVING TO NEW GLOBAL ORDER’ World confident of stability after trade deals with EU, US: PM

INDIA REACHING

2 min  |

February 06, 2026

Financial Express Kochi

Fitch revises Axis Bank outlook to positive

FITCH RATINGS ON Thursday revised the outlook on Axis Bank’s long-term issuer default rating (IDR) to ‘positive’ from ‘stable’, and affirmed the IDRat ‘BB+’.

1 min  |

February 06, 2026

Financial Express Kochi

PhysicsWallah net profit jumps 33%

LISTED EDTECH MAJOR PhysicsWallah reported a 34% year-on-year increase in revenue from operations to ₹1,082.4 crore for Q3FY26.

1 min  |

February 06, 2026

Financial Express Kochi

Centre widens startup definition to include deeptech; turnover limit up

THE GOVERNMENT HAS expanded the scope of the Startup India programme by formally recognising deep technology companies as a distinct category, while also easing eligibility norms for the broader startup ecosystem by raising the turnover threshold.

1 min  |

February 06, 2026

Financial Express Kochi

PVR Inox profit rises 166% on festive boost

PVR INOX SAW its consolidated net profit rise 1.6 times to nearly %96 crore in the

1 min  |

February 06, 2026

Financial Express Kochi

‘We will deliver sustained growth next year also’

Godrej Properties saw a 20% yo-y jump in profit in Q3FY26 at ₹195 crore and its revenues fell 49% to ₹498 crore.

1 min  |

February 06, 2026

Financial Express Kochi

Hyderabad Angels Fund eyes GenAI, spacetech

HYDERABAD-BASED ANGEL INVESTMENT firm Hyderabad Angels Fund is sharpening its focus on generative AI, spacetech and deeptech as it steps up deployments from its debut fund amid a shift in the startup funding environment towards fundamentals and execution.

1 min  |

February 06, 2026

Financial Express Kochi

Budget opens door for overseas investors

INDIA STANDS AS the world’s fourth-largest economy by GDP and among the fastest-growing economies globally.

3 min  |

February 06, 2026

Financial Express Kochi

Increase termination charge for international calls: Telcos

TELECOM OPERATORS HAVE stepped up their push for a sharp increase in international incoming call termination charges, stating that the current regime is out of sync with global benchmarks and is increasingly being misused for fraud and spam.

1 min  |

February 06, 2026

Financial Express Kochi

Bengal interim budget pro-people, reflects fiscal discipline: Mamata

WEST BENGAL CHIEF Minister Mamata Banerjee on Thursday said that the interim Budget tabled by her government in the assembly is “pro people” and shows fiscal discipline, “unlike the directionless and rudderless” Union Budget.

1 min  |

February 06, 2026

Financial Express Kochi

Sensex falls 504 pts ahead of RBI policy

THE EQUITY INDICES, Sensex and Nifty, halted their three-day rally to close with deep cuts on Thursday, in line with bearish global markets, as participants turned cautious ahead of the RBI policyannouncementamid geopolitical uncertainties.

1 min  |

February 06, 2026

Financial Express Kochi

Govt-backed challenger to Ola, Uber hits the road

Bharat Taxi, launched on Thursday in Delhi-NCR and Gujarat by Home Minister Amit Shah, is India's first cooperative ride-hailing platform where drivers are owners.

1 min  |

February 06, 2026

Financial Express Kochi

Customs duty tweaks to lower costs for India Inc

PRODUCTION BOOST

2 min  |

February 06, 2026

Financial Express Kochi

Nykaa PAT rises 142%, beats Street

BEAUTY AND FASHION firm FSN E-commerce, which operates Nykaa, recorded a 142% jump in profit after tax (PAT) attributable to shareholders for the third quarter of FY26.

1 min  |

February 06, 2026

Financial Express Kochi

Green energy attracts over $2 bn in January

INDIA'S RENEWABLE ENERGY sector began 2026 with a sharp acceleration in project activity and capital inflows, as over 7 GW of fresh tenders were floated in January, investments crossed $2.1 billion, and green power generation jumped more than 20% in a single month — underlining strong execution momentum even as equipment costs moved higher.

1 min  |

February 06, 2026

Financial Express Kochi

Fare hikes unlikely to reduce passenger subsidy: Vaishnaw

THE TWO CONSECUTIVE passenger fare hikes by the Railways in 2025 will unlikely reduce the subsidy burden on the national transporter that it provides on the passenger services significantly, Railway Minister Ashwini Vaishnaw told Parliament on Thursday.

1 min  |

February 06, 2026

Financial Express Kochi

Govt eyes rejig of rules to help audit firms go global

LESSER HURDLES

2 min  |

February 06, 2026

Financial Express Kochi

A shot in the arm

BUDGETARY ALLOCATIONS BODE WELL FOR INDIA'S FOREIGN AND SECURITY POLICIES

4 min  |

February 06, 2026

Financial Express Kochi

UK PM flays ex-envoy over links to Epstein

BRITISH PRIME MINISTER Keir Starmer launched a fierce attack on his former US ambassador Peter Mandelson on Thursday, seeking to assuage anger from across British politics and saying he was sorry he had believed his “lies” before appointing him.

1 min  |

February 06, 2026

Financial Express Kochi

Rio walks away from Glencore merger talks

RIO TINTO GROUP is walking away from talks to acquire Glencore Plc after the two sides failed to agree on valuation, scuttling a potential mega merger that would have created the world’s largest mining company.

1 min  |

February 06, 2026

Financial Express Kochi

LIC to leverage ₹45K-cr real estate portfolio

LIFE INSURANCE CORPORATION of India (LIC) is planning to monetise its real estate holdings, including large land parcels and premium commercial buildings across key cities, valued at over ₹45,000 crore.

3 min  |

February 06, 2026

Financial Express Kochi

Liquidity plan, brokers’ push may help MSE make its mark

THE METROPOLITAN STOCK Exchange (MSE) is overhauling its equity segment by launching a liquidity enhancement scheme and upgrading systems as it seeks to challenge the the NSE-BSE duopolyin the cash market.

1 min  |

February 06, 2026

Financial Express Kochi

16th FC nudges states to mirror Centre's PSU policy

THE FINANCIAL PERFORMANCE of State Public Sector Enterprises (SPSEs) underscores the urgent need for comprehensive reforms at the state level, aligned with the Union government’s New Public Sector Enterprise (PSE) policy, the 16th Finance Commission said in its report.

2 min  |

February 06, 2026

Financial Express Kochi

Shell misses Q4 profit target

SHELL MISSED Q4 profit expectations with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its bumper share buyback programme.

1 min  |

February 06, 2026

Financial Express Kochi

Banks urge RBI to change accounting rule for state bonds

BANKED HAVE URGED the Reserve Bank of India (RBI) to change the way state government bonds are valued on their books, saying current rules result in accounting losses and discourage further investment, sources said.

1 min  |

February 06, 2026

Financial Express Kochi

US to cut India tariff in 4-5 days, says commerce minister

“OUR AIRCRAFT DEMAND alone, orders placed on Boeing and yet to be placed but ready, arenearly $70-80 billion.

1 min  |

February 06, 2026