Thursday, February 12, 2026 ਪੰਜਾਬੀ हिंदी

Business

India needs 3.2 million green‑skilled workers by 2030: Report

Nearly 45 per cent of core skills are projected to change by 2030 and India will need 3.2 million additional green‑skilled workers by then, a report said on Wednesday.

The report from KPMG in India and the Confederation of Indian Industry (CII) said the current MSME talent landscape is characterised by fragmented skill levels, limited formal skilling exposure, and varying degrees of digital readiness.

Samsung to unveil new flagship Galaxy smartphone at US event this month

Samsung Electronics said on Wednesday it will showcase a new flagship smartphone during the Galaxy Unpacked event in the United States this month, teasing the new device will come with enhanced artificial intelligence (AI) features.

The Galaxy Unpacked 2026 will be held in San Francisco on February 25 (US time), the South Korean tech giant said in the invitation titled "The Next AI Phone Makes Your Life Easier."

Probe on Coupang based on law without discrimination: Science minister

Science Minister Bae Kyung-hoon said on Wednesday that the government has been conducting a probe into the South Korean unit of US-listed e-commerce giant Coupang under principle without discrimination, refuting criticism from the US political circle.

'Unexecuted' budget of South Korea falls to $3.7 billion in 2025, lowest in 4 years

Unexecuted spending in South Korea's annual budget totalled 5.4 trillion won ($3.7 billion) last year, the smallest amount in four years, the finance ministry said on Tuesday.

Excluding internal transactions, the "practical unexecuted" amount came to 5.4 trillion won in 2025, according to the Ministry of Economy and Finance. The figure is down 3.9 trillion won from 9.3 trillion won the previous year and is the lowest since 2021, when it totalled 5.2 trillion won.

Adani Energy Solutions secures Japanese funding for 6,000 MW green energy corridor

Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project.

Affordable 5G smartphone shipments surge over 1,900 pc in India in 2025

The affordable 5G smartphone shipments surged over 1,900 per cent in India in 2025 (year-on-year), steered by aggressive pricing, enhanced availability of entry-level 5G chipsets and expanding nationwide 5G network coverage, a report showed on Monday.

Coupang's interim CEO undergoes 14-hour questioning over perjury allegations

Harold Rogers, interim CEO of Coupang, returned early on Saturday after a 14-hour police questioning over allegations he committed perjury while testifying before the South Korean parliament in December.

Rogers is accused of lying under oath during a parliamentary hearing from Dec. 30-31 on Coupang's massive data breach that has affected more than 33 million customers in South Korea, reports news agency.

EU FTA to put Indian textiles on level-playing field with Bangladesh, Vietnam

The India-EU Free Trade Agreement (FTA) eliminates duties and places Indian shipments on a level-playing field with key competitors such as Bangladesh and Vietnam, among other preferential trade partners, according to a new report.

The agreement is expected to bring down EU import duties on Indian textiles to zero, addressing a longstanding tariff disadvantage that had limited India’s competitiveness in the region.

Police set to question interim CEO of Coupang again over perjury allegations

The interim chief executive of Coupang, Harold Rogers, was set to undergo police questioning on Friday over perjury allegations related to his testimony to lawmakers last year, marking his second appearance before investigators in a week.

Police seek to question Rogers about allegations that he gave false testimony under oath about Coupang's internal investigation into its massive data breach during a two-day parliamentary hearing on the leak in late December, reports news agency.

Adani Energy 1st Indian firm to deliver 1 crore electricity smart meters across discoms

In a significant development, Adani Energy Solutions Limited (AESL) on Thursday became the first player in India, and perhaps globally, to have successfully delivered 1 crore electricity smart meters across discoms — with the next 1 crore projected to be delivered in the coming financial year (FY27).

As India’s leading AMISP (Advanced Metering Infrastructure Service Provider), AESL has a mandate to install 2.5 crore smart meters across five states.

Musk's net worth soars past $800 billion after SpaceX‑xAI deal

US entrepreneur Elon Musk’s net worth surged past the $800 billion mark after SpaceX acquired his artificial‑intelligence firm xAI, making him the richest person in history by a wide margin.

Musk's net worth reached roughly $852 billion, almost $578 billion higher than the world’s second-wealthiest person, Google co-founder Larry Page, whose net worth is estimated at $281 billion.

Hyundai Motor, Kia post record Jan sales in US on SUV, hybrid demand

Hyundai Motor and Kia reported record vehicle sales for January in the United States, driven by strong demand for sport utility vehicles (SUVs) and hybrid models, the automakers said on Wednesday.

The two automakers sold a combined 125,296 vehicles in the U.S. last month, up 7.7 percent from a year earlier, according to the companies, reports news agency.

India doubles down on exploration, mining of rare earths

The Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of DAE, is carrying out exploration and augmentation of minerals of rare earth group elements along the coastal and inland placer sands as well as in hard rock terrains in several potential geological domains of the country, informed the government.

Adani Group stocks surge over India-US trade deal, Adani Enterprises leads

Stocks of the Adani Group companies surged on Tuesday in early trade after the announcement of the India-US trade deal, led by Adani Enterprises Ltd (AEL), which traded near the upper circuit of 10 per cent.

Adani Green and Adani Energy also gained more than 7 per cent as the stock market rallied. The gains trickled down to Adani Ports, Adani Power, Ambuja Cements and Adani Total, all of which rose by than 4 per cent.

Apple sets quarterly revenue record in India, huge opportunity ahead for us: Tim Cook

Apple CEO Tim Cook has said that the company set a quarterly revenue record during the October-December period in India — a market which has seen Apple production and exports touching new highs with each quarter.

For the December quarter, Apple set all-time revenue records in the Americas, Europe, Japan, and rest of Asia Pacific, and grew in the vast majority of markets we track.

“We continued to gain momentum in emerging markets, which includes India, where we saw strong double-digit revenue growth,” said Cook during the earnings call late on Thursday (US time).

India remains world’s largest recipient of remittances, forex stays robust: Economic Survey

India remains the world’s largest recipient of remittances, with inflows reaching $135.4 billion in FY25, supporting stability in the external account, the Economic Survey 2025-26 said on Thursday.

The share of remittances from advanced economies increased, reflecting a growing contribution from skilled and professional workers, said the Survey tabled by Finance Minister Nirmala Sitharaman in Parliament.

Amazon's 'accidental' layoff mail sparks fresh fears of job cuts at AWS

An internal Amazon Web Services (AWS) email, seemingly sent by mistake referencing “organizational changes,” heightened speculation that US tech giant Amazon may announce another round of layoffs, though employees were already expecting one despite no official announcement.

The message, sent by Colleen Aubrey, senior vice president of applied AI solutions at Amazon Web Services (AWS), acknowledged that “changes like this are hard on everyone” and said they were intended to position the vertical for “future success,” according to multiple reports.

Cheap Chinese imports flood Indonesia, threatening MSMEs and local manufacturing

Indonesia’s micro, small and medium enterprises are coming under growing pressure as cheap imports from China flood domestic markets, raising concerns about the country’s long-term industrial health and economic independence, a report has said.

Latest trade data shows that China now accounts for more than one-third of Indonesia’s total imports -- highlighting a deepening imbalance in trade relations.

Over 30 million accounts affected by Coupang's data leak

Personal information from more than 30 million Coupang customers is believed to have been leaked, a top police official said on Monday, leaving open the possibility that the detention of the company's interim CEO, Harold Rogers, who has ignored two police summonses, will be sought.

Park Jeong-bo, head of the Seoul Metropolitan Police Agency, made the remarks, refuting Coupang's own conclusion that the scope of the data leak was only 3,000 cases, reports news agency.

Samsung to offer treasury shares worth $120 million as bonuses

Samsung Electronics said on Monday it plans to provide treasury shares worth 175.2 billion won ($120 million) to its executives under its excess profit incentive (OPI) system.

The South Korean tech giant said in a regulatory filing that it will distribute a total of 1.15 million treasury shares to 1,051 executives under the incentive program, without selling the shares on the market.

Amazon’s 2nd round of 30,000-job cut plan likely next week: Report

US e-commerce giant Amazon is likely to announce a second round of job cuts next week, in its plan to trim its workforce by 30,000, due to efficiency gains from artificial intelligence (AI), according to reports.

The new round of layoffs is expected to impact white collar roles across divisions including Amazon Web Services (AWS), the People Experience and Technology unit (human resources), Prime Video and retail, according to reports.

Newgen Software clocks 29.4 pc drop in Q3 profit, shares tank over 15 pc

Newgen Software Technologies on Tuesday reported 29.42 per cent year-on-year (YoY) drop in net profit in the December quarter of the current financial year (Q3 FY26).

The company’s net profit declined to Rs 62.81 crore in Q3, compared to Rs 89 crore in corresponding quarter of previous financial year (Q3 FY25), according to its stock exchange filing.

EV deal with China could hamper Canada’s domestic auto production: Report

China's deal with Canada to export up to 49,000 Chinese electric vehicles (EVs) represents more than a bid for market access but a ploy for market domination that could hollow out the North American country’s domestic auto production, a report has warned.

The report from Windsor Star said that as Canada's Prime Minister Mark Carney visited Beijing, “he should know that just like US President Donald Trump, Chinese Counterpart Xi Jinping also doesn't want Canada to build cars”.

Centre likely to roll out collateral‑free loans for gig workers, domestic helpers soon

The government reportedly plans to launch a microcredit programme in April 2026, offering collateral‑free loans of up to Rs 10,000 per annum to gig workers, domestic helpers, and other vulnerable groups.

The Ministry of Housing and Urban Affairs is apparently designing the scheme on the lines of the PM Street Vendors Atma Nirbhar Nidhi (PM‑SVANidhi), which provides street vendors with small working‑capital loans, according to reports.

Tech jobs in India to grow 12-15 pc in 2026, add 1.25 lakh new roles

 The overall tech job market in India, including permanent, temporary and contractual profiles, is expected to see a 12–15 per cent uptick in 2026, adding around 1.25 lakh new roles, a report has said.

The report from work solutions provider Adecco India said the talent gap soared to 44 per cent in 2025, pushing median packages 18 per cent higher than 2024 and creating a fierce talent war.

Tesla sells 225 electric vehicles in India in 2025

US-based Electric vehicle (EV) manufacturer Tesla sold 225 units of its only electric vehicle in India, Model Y SUV, in calendar year 2025, according to industry data.

Federation of Automobile Dealers Associations (FADA) data showed that Tesla retailed 64 units in September, 40 in October, 48 in November and 73 in December.

US electric‑vehicle maker is yet to complete a year of retail deliveries in India as it opened its maiden showroom in July.

Defence to space, India’s vibrant startup ecosystem becomes foundation of nation building

As the nation marks the decade of the ‘Startup India’ initiative, the revolution is no longer merely an economic phenomenon; it has become a nation-building instrument, reshaping how the India creates capability, opportunity, and confidence for the next century.

‘Startup India’ was launched on January 16, 2016 by Prime Minister Narendra Modi as a transformative national programme to nurture innovation, promote entrepreneurship and enable investment-driven growth, with the objective of making India a nation of job creators rather than job seekers.

Hyundai, Porsche Korea, 2 others to recall over 340,000 vehicles due to faulty parts

Hyundai Motor, Porsche Korea and two other automakers will voluntarily recall more than 340,000 vehicles in South Korea to fix various component defects, the transport ministry here said on Thursday.

The four companies, including Kia Corp. and Mercedes-Benz Korea, are recalling a combined 344,073 vehicles across 74 models, according to the Ministry of Land, Infrastructure and Transport, reports news agency.

Groww parent company Billionbrains’ Q3 profit falls 28 pc

 Billionbrains Garage Ventures, the parent company of stock broking platform Groww, on Wednesday reported a sharp fall in profits for the third quarter of financial year 2026 (Q3 FY26).

The company’s consolidated net profit declined 27.8 per cent year-on-year (YoY) to Rs 546.93 crore in Q3 FY26, compared with Rs 757.11 crore in the same quarter last financial year.

India’s office market scales new high in 2025, global firms account for 58.4 pc share

The year 2025 established yet another new record for the India's office market with 83.3 million square feet of gross leasing volumes for the full year, according to a report released on Tuesday.

With global firms accounting for a robust 58.4 per cent share, India's position as a strategic business hub offering genuine structural tailwinds was reaffirmed during a period marked by global uncertainties, said the JLL report.

Elon Musk calls Apple‑Google AI partnership 'unreasonable concentration of power'

Tesla CEO and founder of AI firm xAI, Elon Musk, on Tuesday sharply criticised Apple’s decision to adopt Google’s Gemini models for next‑generation Siri and Apple Foundation Models, calling it “an unreasonable concentration of power” for Google.

Musk posted his criticism on the social media platform X after Google confirmed the multi‑year deal would supply Gemini models and cloud infrastructure to power Apple Intelligence features.

Apple’s iPhone CY25 exports from India cross Rs 2 lakh crore for first time

For the first time since domestic production began in 2021, US tech giant Apple Inc’s iPhone exports from India crossed Rs 2 lakh crore in 2025, as per industry data.

Exports of the tech company in January–December 2025 reached a record $23 billion or Rs 2.03 lakh crore, up nearly 85 per cent over 2024 exports.

Around three months remain before Apple’s five‑year PLI window ends. Under the production-linked incentive scheme (PLI), Apple’s focus in India had been expansion of the iPhones exports.

Maruti Suzuki approves Rs 4,960 crore land deal for capacity addition in Gujarat facility

Maruti Suzuki India Limited, the country’s largest car manufacturer, on Monday informed that its board has approved a Rs 4,960-crore proposal to acquire land for expansion of its manufacturing capacity in Gujarat.

The land acquisition is for the expansion of production capacity at Khoraj Industrial Estate from Gujarat Industrial Development Corporation, and “the proposed capacity addition is up to 1 million (10 lakh) units”, Maruti Suzuki India said in an exchange filing.

"The cost of land acquisition, development, and preparatory activities approved by the board is Rs 4,960 crore," it said, adding that the overall investment would be finalised and approved by the board while framing the phases of installation of capacity.

LG Display vows to address China's rise through OLED cost reduction

LG Display Chief Executive Officer (CEO) Jeong Chul-dong has vowed to address China's rise in the liquid crystal display (LCD) sector by improving the price competitiveness of its premium organic light-emitting diode (OLED) panels.

Jeong made the remark during a meeting with reporters in Las Vegas on Wednesday (U.S. time) on the margins of CES 2026, sharing his views on exhibitions by Chinese technology firms, news agency reported on Monday

Tejas Networks clocks Rs 196.55 crore loss in Q3, revenue drops nearly 88 pc

Domestic telecom equipment maker Tejas Networks has reported a consolidated loss of Rs 196.55 crore for the October–December quarter (Q3 FY26).

This marked its second straight quarterly loss, mainly due to weak sales and a delay in orders from state-owned BSNL, according to its stock exchange filing.

The company had posted a profit of Rs 165.67 crore in the same quarter last financial year.

Top Indian IT firms gear up to declare Q3 results amid tighter H-1B visa regime

The stock market focus in the coming week will shift firmly to third-quarter (Q3) earnings from India Inc, with heavyweight IT companies set to take centre stage and drive index-level direction, analysts said on Saturday.

HCL Tech, TCS, Infosys, Tech Mahindra and Wipro— together accounting for nearly 13 per cent of the Nifty’s weight — are scheduled to report, making their results and management commentary critical for broader market sentiment.

Vodafone Idea confirms AGR relief, to repay dues in staggered instalments till 2041

Vodafone Idea said on Friday that its adjusted gross revenue (AGR) dues for the period FY 2006–07 to FY 2018–19 will remain frozen from December 31, 2025, and it will repay the liability in staggered instalments through 2041.

Shares of the telecom operator rose in early trade, hitting an intraday high of Rs 12.40 on the BSE, up 7.8 per cent, and were trading at Rs 12.05 on the NSE at 9:55 a.m, up 4.78 per cent.

DIIs lend robust support to Indian markets, led by mutual fund assets

 India’s top domestic institutional investors reported a 12 per cent to 20 per cent surge in assets across multiple segments during 2025, underscoring continued local support for equity and debt markets even as foreign investor assets growth softened.

Mutual funds led the expansion, with equity assets up 20.6 per cent to Rs 52.25 lakh crore from Rs 43.34 lakh crore a year earlier, and their combined equity and debt assets climbed 23.34 per cent to Rs 73.21 lakh crore from Rs 59.35 lakh crore, as per data.

Apple’s iPhone exports from India cross $50 billion under PLI scheme

 US tech giant Apple achieved a major milestone under India’s smartphone production‑linked incentive (PLI) scheme, with the company's iPhone exports crossing $50 billion by December 2025, industry data showed.

The figure is expected to rise further, with three months still remaining in Apple’s five‑year PLI window. In the first nine months of FY26, iPhone exports stood at nearly $16 billion, pushing cumulative shipments during the PLI period beyond the $50‑billion mark.

By comparison, Samsung exported devices worth around $17 billion during its five‑year eligibility period under the scheme from FY21 to FY25.

Adani Group not just building a conglomerate but fulfilling national promise: Group CFO

Adani Group CFO Jugeshinder ('Robbie') Singh said on Friday that in 2026 and looking out over the next 10 years, “we stand with folded hands in gratitude to India and its people” and “we are not just building a conglomerate; we are fulfilling a national promise”.

In a post on LinkedIn, he said that by marrying the ESG (Environmental, Social, and Governance) framework with governance of iron-clad integrity, “we are no longer just an Indian success story; we are the global benchmark for how a utility and infra platform can be both ‘Best-in-Class’ growth engine and a ‘Best-in-Class’ guardian of the future”.

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