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India to Host Asian Rifle/Pistol Championship 2027 in New DelhiOn February 3, 2026, India secured the hosting rights for the Asian Rifle/Pistol Championship 2027 following a successful bid by the National Rifle Association of India (NRAI).It marks the second consecutive time India will host the premier continental championship for rifle and pistol shooters.About Asian Rifle/Pistol Championship 2027:Overview: The championship is scheduled to take place from 1 to 10 December 2027 at the Dr. Karni Singh Shooting Ranges in New Delhi, Delhi.Olympic Qualification: The 2027 edition of the championship will serve as a qualifying event for the 2028 Los Angeles Olympics(the United States of America, USA), with eight Olympic quota places available for shooters from across Asia.Eight Olympic quota places are continental slots that enable countries to earn spots for the Olympics.Other Event: India is also scheduled to host the International Shooting Sport Federation(ISSF) World Cup (Rifle/Pistol/Shotgun) in New Delhi in April 2027, where 12 Olympic quota places for the Los Angeles 2028 Games will be available to shooters.
India to Host Asian Rifle/Pistol Championship 2027 in New DelhiOn February 3, 2026, India secured the hosting rights for the Asian Rifle/Pistol Championship 2027 following a successful bid by the National Rifle Association of India (NRAI).It marks the second consecutive time India will host the premier continental championship for rifle and pistol shooters.About Asian Rifle/Pistol Championship 2027:Overview: The championship is scheduled to take place from 1 to 10 December 2027 at the Dr. Karni Singh Shooting Ranges in New Delhi, Delhi.Olympic Qualification: The 2027 edition of the championship will serve as a qualifying event for the 2028 Los Angeles Olympics(the United States of America, USA), with eight Olympic quota places available for shooters from across Asia.Eight Olympic quota places are continental slots that enable countries to earn spots for the Olympics.Other Event: India is also scheduled to host the International Shooting Sport Federation(ISSF) World Cup (Rifle/Pistol/Shotgun) in New Delhi in April 2027, where 12 Olympic quota places for the Los Angeles 2028 Games will be available to shooters.
India to Host Asian Rifle/Pistol Championship 2027 in New DelhiOn February 3, 2026, India secured the hosting rights for the Asian Rifle/Pistol Championship 2027 following a successful bid by the National Rifle Association of India (NRAI).It marks th...
DRDO Successfully Demonstrates Solid Fuel Ducted Ramjet Technology in OdishaIn February 2026, the Defence Research & Development Organisation (DRDO) successfully conducted a flight demonstration of the Solid Fuel Ducted Ramjet (SFDR) technology at the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha.About SFDR Missile Test:Execution: The system was boosted to the required Mach number, after which the SFDR propulsion and all key subsystems performed as expected throughout the flight.Test Performance: All key subsystems, including the nozzle-less booster, solid fuel ducted ramjet (SFDR) motor, and fuel flow controller, functioned successfully during the test.Validation: Flight performance was confirmed using radar, Electro-Optical Tracking System (EOTS) and telemetry deployed by the ITR along the Bay of Bengal coast, under monitoring by senior scientists from DRDO laboratories.Significance: The successful test enhances India’s indigenous missile development programme, supports next-generation Beyond-Visual-Range (BVR) Air-to-Air Missiles(AAM) for the Indian Air Force (IAF), and places India among an elite group of nations with advanced ramjet-powered missile capability.
DRDO Successfully Demonstrates Solid Fuel Ducted Ramjet Technology in OdishaIn February 2026, the Defence Research & Development Organisation (DRDO) successfully conducted a flight demonstration of the Solid Fuel Ducted Ramjet (SFDR) technology at the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha.About SFDR Missile Test:Execution: The system was boosted to the required Mach number, after which the SFDR propulsion and all key subsystems performed as expected throughout the flight.Test Performance: All key subsystems, including the nozzle-less booster, solid fuel ducted ramjet (SFDR) motor, and fuel flow controller, functioned successfully during the test.Validation: Flight performance was confirmed using radar, Electro-Optical Tracking System (EOTS) and telemetry deployed by the ITR along the Bay of Bengal coast, under monitoring by senior scientists from DRDO laboratories.Significance: The successful test enhances India’s indigenous missile development programme, supports next-generation Beyond-Visual-Range (BVR) Air-to-Air Missiles(AAM) for the Indian Air Force (IAF), and places India among an elite group of nations with advanced ramjet-powered missile capability.
DRDO Successfully Demonstrates Solid Fuel Ducted Ramjet Technology in OdishaIn February 2026, the Defence Research & Development Organisation (DRDO) successfully conducted a flight demonstration of the Solid Fuel Ducted Ramjet (SFDR) technology at th...
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RBI Approves Vinay Muralidhar Tonse as MD & CEO of YES BankOn February 3, 2026, the Reserve Bank of India (RBI) approved the appointment of Vinay Muralidhar Tonse as the Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank for a term of three years. His appointment is further subject to Shareholder approval.He will succeed Prashant Kumar, whose tenure is scheduled to end in April 2026.About Vinay Muralidhar Tonse:Profile: He is a banker with over three decades of experience in Indian and international banking. He has worked across multiple business lines and held senior leadership roles in banks such as State Bank of India (SBI).Career: In 1988, he joined SBI as a Probationary Officer (PO) and spent over 30 years rising through banks.Leadership Positions: He worked as Deputy MD at SBI and looked after the Corporate Accounts Group (CAG), managing relationships and credit facilities for large corporate clients.He served as MD & CEO of SBI Funds Management Limited (SBI Mutual Fund), the asset management arm of SBI.He also served as the Managing Director (MD) (Retail Business & Operations) until 30 November 2025.About Yes Bank:Founded in 2003 by Rana Kapoor and Ashok Kapur, YES Bank received its banking licence from the Reserve Bank of India (RBI) in May 2004 and is headquartered in Mumbai, Maharashtra.
RBI Approves Vinay Muralidhar Tonse as MD & CEO of YES BankOn February 3, 2026, the Reserve Bank of India (RBI) approved the appointment of Vinay Muralidhar Tonse as the Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank for a term of three years. His appointment is further subject to Shareholder approval.He will succeed Prashant Kumar, whose tenure is scheduled to end in April 2026.About Vinay Muralidhar Tonse:Profile: He is a banker with over three decades of experience in Indian and international banking. He has worked across multiple business lines and held senior leadership roles in banks such as State Bank of India (SBI).Career: In 1988, he joined SBI as a Probationary Officer (PO) and spent over 30 years rising through banks.Leadership Positions: He worked as Deputy MD at SBI and looked after the Corporate Accounts Group (CAG), managing relationships and credit facilities for large corporate clients.He served as MD & CEO of SBI Funds Management Limited (SBI Mutual Fund), the asset management arm of SBI.He also served as the Managing Director (MD) (Retail Business & Operations) until 30 November 2025.About Yes Bank:Founded in 2003 by Rana Kapoor and Ashok Kapur, YES Bank received its banking licence from the Reserve Bank of India (RBI) in May 2004 and is headquartered in Mumbai, Maharashtra.
RBI Approves Vinay Muralidhar Tonse as MD & CEO of YES BankOn February 3, 2026, the Reserve Bank of India (RBI) approved the appointment of Vinay Muralidhar Tonse as the Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank for a term ...
HMG Stones Secures ISO 9001:2015 and 5S Gold Grade CertificationsIn February 2026, HMG Stone LLP (HMG Stones), a premium natural stone importer, exporter, manufacturer and supplier, achieved International Organization for Standardization (ISO) 9001:2015 certification for its Quality Management System (QMS) and 5S Gold Grade certification for workplace organisation and operational discipline.With this, HMG Stones became the first company in India’s natural stone industry to simultaneously secure both certifications.Certifications Overview:ISO 9001: HMG Stones has been awarded ISO 9001:2015 by TÜV India Private Limited, accredited by German based accreditation body DAkkS, certifying a robust QMS for consistent quality and customer satisfaction.5S Gold: The company received the 5S Gold Grade (Basic Level Category) from Japan’s Asia Bunka Kaikan-Association for Overseas Technical Scholarship (ABK-AOTS) DOSOKAI (Alumni association) for excellence in workplace organisation and operational discipline.Framework: The 5S system implemented the Japanese 5S framework Sort, Set in Order, Shine, Standardise, and Sustain supported by regular training on 5S awareness, internal audits, fire safety, first aid, emergency drills, Personal Protective Equipment usage, and waste management to strengthen accountability and workplace safety culture.Coverage: The certifications cover manufacturing units at Attibele (Unit I) and Yadavanahalli (Unit II), the Wilson Garden flagship showroom (Unit III), and the Sankey Road Experience Centre.
HMG Stones Secures ISO 9001:2015 and 5S Gold Grade CertificationsIn February 2026, HMG Stone LLP (HMG Stones), a premium natural stone importer, exporter, manufacturer and supplier, achieved International Organization for Standardization (ISO) 9001:2015 certification for its Quality Management System (QMS) and 5S Gold Grade certification for workplace organisation and operational discipline.With this, HMG Stones became the first company in India’s natural stone industry to simultaneously secure both certifications.Certifications Overview:ISO 9001: HMG Stones has been awarded ISO 9001:2015 by TÜV India Private Limited, accredited by German based accreditation body DAkkS, certifying a robust QMS for consistent quality and customer satisfaction.5S Gold: The company received the 5S Gold Grade (Basic Level Category) from Japan’s Asia Bunka Kaikan-Association for Overseas Technical Scholarship (ABK-AOTS) DOSOKAI (Alumni association) for excellence in workplace organisation and operational discipline.Framework: The 5S system implemented the Japanese 5S framework Sort, Set in Order, Shine, Standardise, and Sustain supported by regular training on 5S awareness, internal audits, fire safety, first aid, emergency drills, Personal Protective Equipment usage, and waste management to strengthen accountability and workplace safety culture.Coverage: The certifications cover manufacturing units at Attibele (Unit I) and Yadavanahalli (Unit II), the Wilson Garden flagship showroom (Unit III), and the Sankey Road Experience Centre.
HMG Stones Secures ISO 9001:2015 and 5S Gold Grade CertificationsIn February 2026, HMG Stone LLP (HMG Stones), a premium natural stone importer, exporter, manufacturer and supplier, achieved International Organization for Standardization (ISO) 9001:2...
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Bhutan Queen Mother Honoured with 22nd Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025:In February 2026, Lakshman Prasad Acharya, Governor of Assam, attended the 22nd Edition of Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025 ceremony at the Bodoland University, Kokrajhar, Assam, where ‘Gyalyum Ashi Dorji Wangmo Wangchuck’, Queen Mother of Bhutan, was honoured for her exemplary humanitarian service and compassionate leadership.Award Highlights:Prize Details: The award comprised a citation, a memento of Bodofa Upendra Nath Brahma, traditional Bodo Aronai, Dokhna, Gwmgra, Endi Sadar, and a cash prize of Rs 2 lakh.Recognition: The honour was conferred for lifelong humanitarian contributions and visionary leadership of the Tarayana Foundation in rural development, women’s empowerment, education, healthcare, and preservation of Bhutan’s cultural heritage.Award Background: Instituted in 2004 by the Upendra Nath Brahma Trust, the ‘Soldier of Humanity’ Award upholds the ideals and philosophy of Bodofa Upendra Nath Brahma, centred on sacrifice, courage, and service to humanity.Legacy Day: Governor Lakshman Prasad Acharya referred to the declaration of 31 March as Chatra Divas (Students’ Day) by the Government of Assam to commemorate the legacy and contributions of Bodofa Upendra Nath Brahma.
Bhutan Queen Mother Honoured with 22nd Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025:In February 2026, Lakshman Prasad Acharya, Governor of Assam, attended the 22nd Edition of Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025 ceremony at the Bodoland University, Kokrajhar, Assam, where ‘Gyalyum Ashi Dorji Wangmo Wangchuck’, Queen Mother of Bhutan, was honoured for her exemplary humanitarian service and compassionate leadership.Award Highlights:Prize Details: The award comprised a citation, a memento of Bodofa Upendra Nath Brahma, traditional Bodo Aronai, Dokhna, Gwmgra, Endi Sadar, and a cash prize of Rs 2 lakh.Recognition: The honour was conferred for lifelong humanitarian contributions and visionary leadership of the Tarayana Foundation in rural development, women’s empowerment, education, healthcare, and preservation of Bhutan’s cultural heritage.Award Background: Instituted in 2004 by the Upendra Nath Brahma Trust, the ‘Soldier of Humanity’ Award upholds the ideals and philosophy of Bodofa Upendra Nath Brahma, centred on sacrifice, courage, and service to humanity.Legacy Day: Governor Lakshman Prasad Acharya referred to the declaration of 31 March as Chatra Divas (Students’ Day) by the Government of Assam to commemorate the legacy and contributions of Bodofa Upendra Nath Brahma.
Bhutan Queen Mother Honoured with 22nd Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025:In February 2026, Lakshman Prasad Acharya, Governor of Assam, attended the 22nd Edition of Upendra Nath Brahma ‘Soldier of Humanity’ Award 2025 ceremony at th...
Goldman Sachs Upgrades India’s CY26 GDP Growth Forecast to 6.9%In February 2026, Goldman Sachs upgraded India’s Calendar Year 2026 (CY26) real Gross Domestic Product (GDP) growth forecast by 20 basis points (bps) from 6.7% to 6.9%, following the conclusion of the United States of America (USA)–India trade deal that reduced reciprocal tariffs on Indian goods from 25% to 18%.About the Forecast:Basis: The estimate is based on goods export exposure of about 4%of GDP to USA final demand and an export demand elasticity of around 0.7.Investment: The deal is expected to reduce trade-policy uncertainty and improve private investment intentions, with capex recovery likely in the second half of CY26.External: Lower tariffs are projected to narrow the Current Account Deficit (CAD) by about 0.25% of GDP to nearly 0.8% in CY26.Currency: Easing trade tensions may support capital inflows and reduce pressure on the Indian Rupee (INR).Trade: India’s bilateral goods trade surplus with the USA has doubled from about USD 20 billion in CY15 to nearly USD 40 billion in CY25.Sectors: The surplus expansion has been driven mainly by electronics, pharmaceuticals, and textiles.
Goldman Sachs Upgrades India’s CY26 GDP Growth Forecast to 6.9%In February 2026, Goldman Sachs upgraded India’s Calendar Year 2026 (CY26) real Gross Domestic Product (GDP) growth forecast by 20 basis points (bps) from 6.7% to 6.9%, following the conclusion of the United States of America (USA)–India trade deal that reduced reciprocal tariffs on Indian goods from 25% to 18%.About the Forecast:Basis: The estimate is based on goods export exposure of about 4%of GDP to USA final demand and an export demand elasticity of around 0.7.Investment: The deal is expected to reduce trade-policy uncertainty and improve private investment intentions, with capex recovery likely in the second half of CY26.External: Lower tariffs are projected to narrow the Current Account Deficit (CAD) by about 0.25% of GDP to nearly 0.8% in CY26.Currency: Easing trade tensions may support capital inflows and reduce pressure on the Indian Rupee (INR).Trade: India’s bilateral goods trade surplus with the USA has doubled from about USD 20 billion in CY15 to nearly USD 40 billion in CY25.Sectors: The surplus expansion has been driven mainly by electronics, pharmaceuticals, and textiles.
Goldman Sachs Upgrades India’s CY26 GDP Growth Forecast to 6.9%In February 2026, Goldman Sachs upgraded India’s Calendar Year 2026 (CY26) real Gross Domestic Product (GDP) growth forecast by 20 basis points (bps) from 6.7% to 6.9%, following the conc...
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Walmart Becomes World’s First Retail Company to Reach USD 1 Trillion Market ValueIn January 2026, Walmart Inc., an American multinational retail corporation, became the first retail company globally to achieve a market capitalisation of USD 1 trillion, following a strong rally in its share price over the past year.Key Highlights:Stock Performance: Walmart’s shares rose by nearly 26% over the last 12 months and about 468% over the past decade, outperforming the S&P 500, which gained around 264% during the same period.Nasdaq-100: In December 2025, Walmart was added to the tech-focused Nasdaq-100 Index, which features the world’s most valuable non-financial companies.AI Adoption: Walmart invested billions of dollars in Artificial Intelligence(AI)-enabled supply chains to improve inventory planning, fresh produce delivery, and delivery speed, enabling the company to exceed same-store sales estimates for 15 consecutive quarters.Peer Group: Other companies with market capitalisation exceeding USD 1 trillion include Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta, Taiwan Semiconductor Manufacturing Company, Tesla, and Broadcom.
Walmart Becomes World’s First Retail Company to Reach USD 1 Trillion Market ValueIn January 2026, Walmart Inc., an American multinational retail corporation, became the first retail company globally to achieve a market capitalisation of USD 1 trillion, following a strong rally in its share price over the past year.Key Highlights:Stock Performance: Walmart’s shares rose by nearly 26% over the last 12 months and about 468% over the past decade, outperforming the S&P 500, which gained around 264% during the same period.Nasdaq-100: In December 2025, Walmart was added to the tech-focused Nasdaq-100 Index, which features the world’s most valuable non-financial companies.AI Adoption: Walmart invested billions of dollars in Artificial Intelligence(AI)-enabled supply chains to improve inventory planning, fresh produce delivery, and delivery speed, enabling the company to exceed same-store sales estimates for 15 consecutive quarters.Peer Group: Other companies with market capitalisation exceeding USD 1 trillion include Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta, Taiwan Semiconductor Manufacturing Company, Tesla, and Broadcom.
Walmart Becomes World’s First Retail Company to Reach USD 1 Trillion Market ValueIn January 2026, Walmart Inc., an American multinational retail corporation, became the first retail company globally to achieve a market capitalisation of USD 1 trillio...
RBI Imposes Compounding Fee of Rs 18.76 Lakh on One 97 Communications for FEMA ViolationsIn February 2026, the Reserve Bank of India (RBI) issued a compounding fee of Rs. 18.76 lakh to One 97 Communications Limited (OCL), the parent company of Paytm Payments Services Limited (PPSL), under the provisions of the Foreign Exchange Management Act (FEMA), 1999, for contraventions related to foreign investment transactions in its subsidiary.About the Compounding Order:Transaction: Investments worth approximately Rs. 33 crore were made by Little Internet Singapore Private Limited into Little Internet Private Limited (LIPL) during March 2016 to June 2017.Violation: The case involves contravention of Regulation 5(1) read with Regulation 13 of FEMA Notification 120/RB-2004.Disclosure: One 97 Communications Limited (OCL) disclosed the compounding order under Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements, LODR) Regulations, 2015.Settlement: Compounding under FEMA is a voluntary process involving admission of contravention and payment of a fee, after which the matter stands disposed.Others: RBI compounded the Nearby India Private Limited subsidiary of OCL issues for Rs 4.28 lakh in Quarter 3(Q3) of Financial Year 2025-2026(FY26).
RBI Imposes Compounding Fee of Rs 18.76 Lakh on One 97 Communications for FEMA ViolationsIn February 2026, the Reserve Bank of India (RBI) issued a compounding fee of Rs. 18.76 lakh to One 97 Communications Limited (OCL), the parent company of Paytm Payments Services Limited (PPSL), under the provisions of the Foreign Exchange Management Act (FEMA), 1999, for contraventions related to foreign investment transactions in its subsidiary.About the Compounding Order:Transaction: Investments worth approximately Rs. 33 crore were made by Little Internet Singapore Private Limited into Little Internet Private Limited (LIPL) during March 2016 to June 2017.Violation: The case involves contravention of Regulation 5(1) read with Regulation 13 of FEMA Notification 120/RB-2004.Disclosure: One 97 Communications Limited (OCL) disclosed the compounding order under Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements, LODR) Regulations, 2015.Settlement: Compounding under FEMA is a voluntary process involving admission of contravention and payment of a fee, after which the matter stands disposed.Others: RBI compounded the Nearby India Private Limited subsidiary of OCL issues for Rs 4.28 lakh in Quarter 3(Q3) of Financial Year 2025-2026(FY26).
RBI Imposes Compounding Fee of Rs 18.76 Lakh on One 97 Communications for FEMA ViolationsIn February 2026, the Reserve Bank of India (RBI) issued a compounding fee of Rs. 18.76 lakh to One 97 Communications Limited (OCL), the parent company of Paytm ...
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Equitas SFB Partners with Bharti AXA Life Insurance to Expand Life Insurance Reach On February 3, 2026, Equitas Small Finance Bank ( Equitas SFB) signed a strategic bancassurance partnership with Bharti AXA Life Insurance, backed by Bharti Enterprises and France’s AXA, to expand the reach of life insurance across India.Key Details of Bancassurance Partnership:Objective: The partnership seeks to boost life insurance penetration while assisting customers in securing their long-term financial future.Role of Entities: As part of the partnership, Bharti AXA Life will offer its life insurance products such as protection, savings and retirement plans to customers of Equitas SFB.The partnership will utilize both physical and digital channels for wider customer access.Focus Areas: The collaboration aims to deepen life insurance penetration in semi-urban and rural areas, where insurance adoption has been limited.
Equitas SFB Partners with Bharti AXA Life Insurance to Expand Life Insurance Reach On February 3, 2026, Equitas Small Finance Bank ( Equitas SFB) signed a strategic bancassurance partnership with Bharti AXA Life Insurance, backed by Bharti Enterprises and France’s AXA, to expand the reach of life insurance across India.Key Details of Bancassurance Partnership:Objective: The partnership seeks to boost life insurance penetration while assisting customers in securing their long-term financial future.Role of Entities: As part of the partnership, Bharti AXA Life will offer its life insurance products such as protection, savings and retirement plans to customers of Equitas SFB.The partnership will utilize both physical and digital channels for wider customer access.Focus Areas: The collaboration aims to deepen life insurance penetration in semi-urban and rural areas, where insurance adoption has been limited.
Equitas SFB Partners with Bharti AXA Life Insurance to Expand Life Insurance Reach On February 3, 2026, Equitas Small Finance Bank ( Equitas SFB) signed a strategic bancassurance partnership with Bharti AXA Life Insurance, backed by Bharti Enterprise...
16th Finance Commission recommends 41% tax devolution to StatesOn February 1, 2026, the Union Finance Minister (FM) Nirmala Sitharaman tabled the 16th Finance Commission (FC) report in Parliament alongside the presentation of the Union Budget for 2026–27, with the government accepting its key recommendation to retain the states’ share in central taxes at 41% for the period 2026–31.Key RecommendationsShare of States: The 16th FC has recommended that the Central Government (CG) retain the 41% share of tax devolution to the States that had been implemented since 2021.Criteria for Devolution: To provide for the distribution of central taxes among states, FC define a formula with weightage for certain parameters.
16th Finance Commission recommends 41% tax devolution to StatesOn February 1, 2026, the Union Finance Minister (FM) Nirmala Sitharaman tabled the 16th Finance Commission (FC) report in Parliament alongside the presentation of the Union Budget for 2026–27, with the government accepting its key recommendation to retain the states’ share in central taxes at 41% for the period 2026–31.Key RecommendationsShare of States: The 16th FC has recommended that the Central Government (CG) retain the 41% share of tax devolution to the States that had been implemented since 2021.Criteria for Devolution: To provide for the distribution of central taxes among states, FC define a formula with weightage for certain parameters.
16th Finance Commission recommends 41% tax devolution to StatesOn February 1, 2026, the Union Finance Minister (FM) Nirmala Sitharaman tabled the 16th Finance Commission (FC) report in Parliament alongside the presentation of the Union Budget for 202...
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