Ikea India’s loss widens to Rs 1,325 crore in FY25; revenue dips

IANS | February 4, 2026 2:29 PM

Mumbai, Feb 4 (IANS) Ikea India, the local arm of Swedish furniture and home furnishing giant Ikea, has reported a wider loss for the financial year ended March 31, 2025 (FY25), even as it continues to invest heavily in expanding its presence in the country.

SC pulls up ED, CBI over delay in Anil Ambani-led RCOM loan fraud probe

IANS | February 4, 2026 1:57 PM

New Delhi, Feb 4 (IANS) The Supreme Court on Wednesday expressed serious concern over an “unexplained delay” by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) in probing alleged large-scale bank loan frauds linked to Reliance Communications Ltd (RCOM), its group companies, and promoter Anil Ambani, involving public funds estimated at Rs 40,000 crore.

India joins BRICS Centre for industrial competencies to boost MSMEs

IANS | February 4, 2026 1:51 PM

New Delhi, Feb 4 (IANS) India has joined the BRICS Centre for Industrial Competencies (BCIC) at an event organised by the Centre’s Department for Promotion of Industry and Internal Trade (DPIIT) in the national capital, according to an official statement issued on Wednesday.

Wait for fine print on US trade deal, India well placed: Report

IANS | February 4, 2026 12:39 PM

New Delhi, Feb 4 (IANS) History shows trade announcements by US President Donald Trump often evolve through revisions and reinterpretations, a report has said, adding that the Indian government has neither confirmed stopping purchase of Russian oil, nor mentioned tariff reduction against the US to zero.