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Interim trade deal with US, SBI rally boost markets

Financial Express Mumbai

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February 10, 2026

Investors richer by ₹6.03 lakh cr

- KISHOR KADAM

TRACKING POSITIVE GLOBAL cues, the equity benchmarks gained up to 0.68% on Monday as the announcement of an interim India-US trade deal over the weekend, along with a sharp rally in State Bank of India (SBI) shares following the bank’s record net profit of $21,028 crore in the December quarter, boosted the investor sentiment on Monday.

The country’s largest public sector lender alone contributed 280 points, or 58%, to the Sensex’s 485-point gain.

Starting the week on a strong note, the Sensex climbed 485.35 points, or 0.58%, to close at a one-month high of 84,065.75, while the Nifty surged 173.60 points, or 0.68%, to end the session at 25,867.30.

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Financial Express Mumbai

Raj budget announces state testing agency, carbon credit programme

FORMATION OF RAJASTHAN State Testing Agency (RSTA) to bring transparency in competitive exams, carbon credit pilot project to benefit farmers and formation of a high-level committee to look into the demands of government employees were among other announcements in the Rajasthan budget 2026-27 presented by Deputy Chief Minister Diya Kumari on Wednesday.

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February 12, 2026

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‘Will create enabling environment for investments in AI’

In the run-up to the India AI Impact Summit, which has drawn over 100,000 registrations, Abhishek Singh, additional secretary, MeitY and CEO of the IndiaAI Mission, speaks to Ojasvi Gupta about the country’s approach to AI infrastructure, regulation, data policy and foundational models. Excerpts:

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2 mins

February 12, 2026

Financial Express Mumbai

LATE CONFIRMATION OF FIXTURE PUSHES PRICES HIGHER: EXPERTS India-Pak T20 clash sends Colombo airfares soaring

Air India, IndiGo planning to add more flights

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2 mins

February 12, 2026

Financial Express Mumbai

Pulses imports drop sharply in FY26 on robust crop, stocks

AFTER SETTING A record in FY25, India's pulses imports have dropped sharply in the current financial year, trade sources said, citing adequate carry-forward stocks and robust domestic crop prospects.

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1 min

February 12, 2026

Financial Express Mumbai

Balancing security & agility

AI OFTODAY is becoming more precise, better at mathematics, and consuming longer contexts as reasoning becomes central to the models.

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2 mins

February 12, 2026

Financial Express Mumbai

Registration of new firms hits all-time high in Dec

REGISTRATION OF NEW companies touched a monthly high in December 2025 with a total of 26,631 firms incorporated during the month, latest data from the Ministry of Corporate Affairs (MCA) showed.

time to read

1 min

February 12, 2026

Financial Express Mumbai

US softens claims: Trade deal note drops pulses, digital tax

No commitment, only intent to buy 500-bn US goods

time to read

3 mins

February 12, 2026

Financial Express Mumbai

M&M Q3 profit up 33% to ₹3,931 cr

MAHINDRA & MAHINDRA REPORTED a 32.6% year-on-year (yo-y) rise in standalone net profit for the October-December quarter at ₹3,931 crore, compared with ₹2,964 crore a year ago, marginally ahead of Bloomberg estimate of ₹3,885 crore.

time to read

1 min

February 12, 2026

Financial Express Mumbai

Q-comm hiring moderates in Jan

THE WHITE-COLLAR hiring in the quick commerce segment grew 21% in January 2026 as the ultra-fast, hyperlocal delivery model has entered a second phase of maturity, said the latest Indeed report.

time to read

1 min

February 12, 2026

Financial Express Mumbai

Akasa Air Co-founder & CCO Praveen Iyer quits

AKASA AIR ON Wednesday announced that its Chief Commercial Officer (CCO) and Co-founder Praveen Iyer has resigned, marking the second high-profile departure at the three-year-old airline.

time to read

1 mins

February 12, 2026

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