Business News: Economy & Markets

Broke Pakistan is splurging on pay & perks of military, civil officials

IANS | February 12, 2026 4:36 PM

New Delhi, Feb 12 (IANS) A structural issue responsible for perpetuating Pakistan’s dependence on the IMF is its failure to control expenditure, which has spiralled, at both federal and provincial levels, via salary increases far exceeding inflation for the civil, judicial, and military bureaucracies alongside expanding vehicle fleets, luxury housing, plush offices, overseas junkets, and discretionary budgets, often without mandates, sunset clauses or performance tests, according to an article in the Pakistani media.

Homegrown NavIC helping in real-time tracking of 10,400 trains, 40,000 fishing vessels: Minister

IANS | February 12, 2026 4:30 PM

New Delhi, Feb 12 (IANS) Real-time train tracking is operational on over 10,400 locomotives and over 40,000 fishing vessels have been equipped with NavIC (Navigation with Indian Constellation) receivers for tracking and emergency alerts, the Parliament was informed on Thursday.

Nifty IT dips 5.51 pc, erasing Rs 1.6 lakh in market cap; TCS touches 52-week low

IANS | February 12, 2026 4:27 PM

New Delhi, Feb 12 (IANS) The technology sector saw heightened panic selling on Thursday, sending the Nifty IT index down 5.51 per cent to a four‑month low as investors were spooked over AI‑led disruption and weaker hopes for near‑term US interest‑rate cuts.

India’s medical devices market likely to hit $50.1 bn by 2030

IANS | February 12, 2026 4:09 PM

New Delhi, Feb 12 (IANS) India’s medical devices industry is projected to reach $50.1 billion by 2030 from $15.2 billion in 2025, at a compound annual growth rate of 26.9 per cent, a report has said.

India now has market access to 70 pc of global GDP at mostly zero duty: Piyush Goyal

IANS | February 12, 2026 3:57 PM

New Delhi, Feb 12 (IANS) India now has market access to 70 per cent of global GDP, in most cases at zero duty for domestic products, Union Commerce and Industry Minister Piyush Goyal said on Thursday.

Sensex, Nifty end lower as IT stocks drag market

IANS | February 12, 2026 3:56 PM

Mumbai, Feb 12 (IANS) Indian stock markets ended lower on Thursday as heavy selling in major IT stocks pulled the benchmark indices into negative territory.

Bharat Forge’s Q3 profit falls 17 pc, Rs 2 interim dividend announced

IANS | February 12, 2026 3:32 PM

Mumbai, Feb 12 (IANS) Bharat Forge on Thursday reported nearly 17 per cent year-on-year decline in its standalone net profit for the quarter ended December 2026 (Q3 FY26).

Black Box reports Q3 FY26 results with revenue growth and strategic expansion

IANS | February 12, 2026 3:18 PM

Mumbai, Feb 12 (IANS) Black Box Limited, a leading provider of digital infrastructure solutions, announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Company delivered sustained growth, with improvements across revenue and operating profit, driven by broad-based performance across its key markets.

Defence Ministry okays Rs 3.25 lakh crore deal to buy 114 Rafale fighter jets from France

IANS | February 12, 2026 3:11 PM

New Delhi, Feb 12 (IANS) The Defence Ministry on Thursday approved the Rs 3.25 lakh crore proposal to buy 114 Rafale fighter jets from France for the Indian Air Force, according to reliable sources.

Polio campaign falls short in Pakistan as nearly 1 mn children remain unvaccinated

IANS | February 12, 2026 2:49 PM

New Delhi, Feb 12 (IANS) Nearly one million children were missed and more than 53,000 families refused vaccination during Pakistan’s latest nationwide polio campaign, raising serious concerns about the effectiveness of eradication efforts, a report has said.

business

Broke Pakistan is splurging on pay & perks of military, civil officials

Homegrown NavIC helping in real-time tracking of 10,400 trains, 40,000 fishing vessels: Minister

Nifty IT dips 5.51 pc, erasing Rs 1.6 lakh in market cap; TCS touches 52-week low

India’s medical devices market likely to hit $50.1 bn by 2030

India now has market access to 70 pc of global GDP at mostly zero duty: Piyush Goyal

Sensex, Nifty end lower as IT stocks drag market

Bharat Forge’s Q3 profit falls 17 pc, Rs 2 interim dividend announced

Black Box reports Q3 FY26 results with revenue growth and strategic expansion

Defence Ministry okays Rs 3.25 lakh crore deal to buy 114 Rafale fighter jets from France

Polio campaign falls short in Pakistan as nearly 1 mn children remain unvaccinated

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