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 19 Feb 2026 11:52 PM   EconomicTimes

Unilever to sharpen India play with premium & q-comm push

The Indian unit, Hindustan Unilever (HUL), is reshaping and investing in its product portfolio to prepare for the future, with a sharper focus on premium offerings and an expanded presence in digital commerce, chief executive Fernando Fernandez said.

 19 Feb 2026 11:51 PM   EconomicTimes

Centre sets up high-level panel to steer merger of Power Finance Corporation, REC

A high-level committee and a working group have been established to oversee and study the merger of Power Finance Corporation (PFC) and REC. This move aims to enhance scale and efficiency in public sector NBFCs, with the new entity remaining government-owned. The working group will focus on integration aspects, while the committee monitors progress for a smooth transition.

 19 Feb 2026 11:47 PM   EconomicTimes

Trade pacts to speed up GCC expansion, lift office realty outlook

India's office market is poised for accelerated growth driven by Global Capability Centres (GCCs) evolving into innovation hubs. Ongoing tariff rationalization and trade facilitation are expected to broaden demand beyond technology, with BFSI and manufacturing sectors contributing significantly. This synchronized growth across office, industrial, and digital infrastructure is supported by India's robust GDP forecast.

 19 Feb 2026 11:45 PM   EconomicTimes

India Inc awaits regulatory clarity on nuclear energy following notification of SHANTI Act

Following the notification of SHANTI Act, India Inc is awaiting decisive government measures to liberalize the nuclear energy sector for private players. Clear regulations are essential for attracting investments, providing potential stakeholders with insights into licensing processes, eligibility criteria, and liability structures.

 19 Feb 2026 11:43 PM   EconomicTimes

Philippines' Aboitiz in talks for majority stake in Fourth Partner

Philippine firm Aboitiz Power is in discussions to buy a significant stake in Indian renewable energy company Fourth Partner Energy. Early investors in Fourth Partner are looking to sell their holdings. This move signals continued investment in India's green energy sector. Fourth Partner Energy supplies power to commercial and industrial clients and has international projects.

 19 Feb 2026 11:42 PM   EconomicTimes

Garden Reach Shipbuilders set for Navratna status as DPE clears proposal, final nod awaited

The Department of Public Enterprises has approved a proposal to grant Navratna status to state-run shipbuilder Garden Reach Shipbuilders & Engineers Ltd (GRSE). This move will provide GRSE with greater financial and operational autonomy, allowing for larger investments and quicker expansion.

 19 Feb 2026 11:42 PM   EconomicTimes

Local permanent magnet production to begin in 2026, says mines minister G Kishan Reddy

India is set to commence domestic production of permanent magnets by 2026, with commercial production of Neodymium materials and rare earth permanent magnets expected to begin this year. This initiative, supported by government funding and technology transfer, aims to boost value addition and reduce import reliance. Critical minerals are highlighted as a significant geopolitical concern, especially following China's export halt.

 19 Feb 2026 11:41 PM   EconomicTimes

Public sector banks may approach RBI seeking changes in climate finance rules

Public sector banks are set to propose changes to the RBI's climate finance guidelines, citing a lack of incentives for green deposits. Lenders seek a reduction in the cash reserve ratio for green deposits and greater clarity on climate finance taxonomy. These proposals aim to boost the adoption of green finance initiatives.

 19 Feb 2026 11:37 PM   EconomicTimes

India's spend on Russian oil falls to €2 billion, half of China's €4 billion in Jan

China's January spending on Russian crude doubled to ₹4 billion, a significant increase from previous months, while India's spending fell to ₹2 billion. This shift highlights Chinese refiners absorbing Russian cargoes as Indian buyers reduce their imports amid US pressure.

 19 Feb 2026 11:25 PM   EconomicTimes

Sebi sends show-cause notice to ZEEL over 'fund diversion'

India's market regulator Sebi has issued a show cause notice to Zee Entertainment Enterprises and its top executives. The notice alleges fund diversion and governance lapses. Zee Entertainment has denied all allegations. The company plans to file a response and take legal steps to protect shareholder interests.

 19 Feb 2026 10:04 PM   EconomicTimes

Federal Bank to receive Rs 686 crore tax refund after tribunal ruling

Federal Bank is set to receive a substantial Rs 686 crore tax refund, marking the resolution of a long-standing tax dispute. This significant financial boost, covering assessment years 2012-13 and 2013-14, is expected to positively impact the bank's profitability in the upcoming quarter. The development follows recent orders from the Income Tax Appellate Tribunal.

 19 Feb 2026 09:49 PM   EconomicTimes

Air India's aircraft fleet reliability has improved, says CEO Campbell Wilson

Air India's CEO Campbell Wilson has announced a positive trend in fleet reliability, highlighting the airline's substantial investment in spare parts inventory. As part of ongoing enhancements, upgrades to the Boeing 787 fleet are currently in progress, with aspirations to modernize over half of its wide-body aircraft by the end of 2026.

 19 Feb 2026 09:12 PM   EconomicTimes

Investigate each case of rail fracture: Railway Ministry to DRMs amidst rising instances

The Railway Ministry has directed 70 rail divisions to thoroughly investigate rising rail fractures, a significant safety concern. A recent review highlighted that fractures originating from bolt holes are increasing, possibly due to improper chamfering. Divisional Railway Managers are now tasked with investigating each fracture case to identify contributing factors and ensure track integrity.

 19 Feb 2026 07:13 PM   EconomicTimes

Heineken bets on India’s premium beer demand for future growth

Heineken views India as a vital part of its global strategy. The company acknowledges recent sales dips due to weather but confirms its market share remains strong. Kingfisher and its premium brands like Heineken Silver are driving growth. India's beer market is expanding, and Heineken is leading category development and sales transformation.

 19 Feb 2026 05:56 PM   EconomicTimes

ICICI Prudential Life Insurance hit with Rs 9.84 billion tax demand

ICICI Prudential Life Insurance faces a significant tax demand of Rs 9.84 billion. An appellate order upheld the tax, penalty, and interest. This demand relates to input tax credit reversal from July 2017 to July 2022. The company stated there is no immediate impact. ICICI Prudential Life plans to file a further appeal.

 19 Feb 2026 05:56 PM   EconomicTimes

ICICI Prudential Life Insurance hit with Rs 984 crore tax demand

ICICI Prudential Life Insurance faces a significant tax demand of Rs 984 crore. An appellate order upheld the demand, which relates to input tax credit reversal. The company plans to file a further appeal. Despite the large sum, ICICI Prudential Life states there is no immediate impact. This development concerns tax liabilities from July 2017 to July 2022.

 19 Feb 2026 05:23 PM   EconomicTimes

Renault forecasts 2026 margin drop as price pressure dents profit

Renault is bracing for a tighter financial future, forecasting lower profit margins by 2026. Following a 15% fall in operating profit last year, the French automaker faces mounting pressure from Chinese upstarts and traditional rivals alike. In response to this competitive squeeze, Renault is committed to slashing costs and unveiling new car lines.