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- The middle class and upper middle class get tax relief, as 30% tax only starts after INR 24 lakh. - The new tax regime is automatic, and if one wants the old one, they must actively choose it.
- UPS to Drop Amazon Deliveries by 1 million packages per day. - There could be additional layoffs as the company plans to close another 24 facilities in 2026. - The company is doing well financially, yet wants to let people go.
- Bluesky acknowledges core flaws as daily user activity drops 40% compared to last year. - Makers missed core basics such as post drafts, private accounts, slow video uploads, and more. - A better Bluesky algorithm is coming soon, says Head of Product, Alex Benzer.
- Chinese companies can now get U.S. chips, but with tight restrictions. - ByteDance, Alibaba, and Tencent get the green light to import chips from Nvidia. - Other companies are in line for approval.
- Silicon Valley turns loud with a political feud between tech billionaires. - Indian-American billionaire Vinod Khosla accused Elon Musk of racism on 'X.' - Khosla urged Elon Musk's employees to join companies backed by Khosla Ventures.
- Nike is set to cut overstaffed warehouses in Tennessee and Mississippi. - Nike’s sales have been weak for two years, and the company wants to align with its profits again. - The recent data breach is also putting pressure on the company.
- Meta will keep the core features free for its users. - Content creators and power users are put in the spotlight for the new paid version. - Meta plans to roll out testing of subscription features soon.
- Geopolitical shock (Greenland issue) sends the dollar lower despite strong U.S. Investments. - Markets ignore Fed drama, but sell the Dollar on geopolitical tensions. - The dollar weakens as the U.S. angers allies, echoing the 2025 tariff crash all over again.
PVR INOX wants to focus only on its core cinema business and is ready to exit the snack business. Here are the details…
- Trump accuses JPMorgan of politically “Debanking” him and his family. - Trump's personal lawyer, Alejandro Brito, filed the case in Miami. - JPMorgan denies the allegations, yet some claims remain unclear.
- Silver jumped to INR 3.34 lakh/kg on MCX, but fell 4% after global tensions eased. - ETF prices crashed because Indian silver had become overhyped due to Budget rumors. - Long-term demand will still remain strong for silver, say experts.
- The crash continues, hitting a 19-month low and dropping 25% in two weeks. - The price fell below key support at INR 394–INR 398, and market experts are overall negative. - Kalyan's revenue numbers have remained strong over the last few quarters, giving it a breather.
- OpenAI announces that age protection systems in ChatGPT will likely launch in a few weeks. - The update will apply to ChatGPT users worldwide. - Additionally, parental controls will be added to the tool to give parents more control over the safety.
- Starting from February 21, Albinder Dhindsa (CEO of Blinkit) will be the new CEO of Eternal. - Deepinder Goyal says he wants to work on his high-risk ideas, and so he is resigning. - Goyal can still be on the board of directors as Vice Chairman, but shareholders' approval is due.
- The initiative is set to help 1,000 African Clinics with AI technology. - The project will start in Rwanda and spread across Africa by 2028. - From recordkeeping to providing reliable medical information, AI will integrate into healthcare at every step.
- Nifty slips below 25,000 and Sensex cracks 1,000 points today. - U.S. vs. Greenland, Denmark & Europe trade tensions, weak domestic performance, and a depreciating rupee value are the reasons. - At 1 PM, the market made a comeback, but experts call it a short-term recovery.
- The U.S. Dollar fell by 0.8% against the Euro, as Trump still pursues his plan to seize Greenland. - Europe stands firm (even after Trump's 10% tariff threat) together with Greenland, and Denmark says "full solidarity."
- Netflix wants to look convincing to WBD's shareholders and is offering to pay in all cash ($27.75 per share for $72 billion). - Paramount is threatening a proxy fight to replace WBD's board with loyalists. - WBD's CEO David Zaslav says that the vote on the deal will likely happen in the spring.
- India tightens diamonds labelling rules to protect buyers; lab-grown diamonds can't be called 'diamonds' alone. - BIS has introduced a new official standard called IS 19469:2025 for diamonds. - Jewellery industry leaders strongly support the new BIS rules and say they build trust.
- Tariffs, trade tensions, and a weak rupee will not slow down the Indian economy. - IMF projects 7.3% growth, lowering inflation to 4%, and improving economic stability.
- The global economy is overly reliant on AI, and if it fails, growth could drop by 0.4 percentage points this year. - The growth forecasts for the U.S., Canada, and China look promising for 2026 and 2027. - Reality check: Only 30% of the increased revenue was due to AI, says a PwC survey.
- Despite tariff tensions, China's $1.19 trillion trade surplus surpasses expectations. - Internal issues such as the housing crisis, 17.2% fall in property investment, and low consumer spending remain. - Experts doubt the 5% and say the number is likely at least 1.5 percentage points lower.
- Deloitte targets Tier II cities in India for their strong talent and real estate. - Mangaluru can become Deloitte's new destination. - Romal Shetty, Deloitte’s CEO for South Asia, at the TiEcon Mangaluru 2026 event, suggested “innovate for Bharat."
- Elon says OpenAI benefited from his reputation and wants his share of the profits. - Elon posts stating, "Can’t wait to start the trial", which will likely start in April 2026. - OpenAI publishes 2 news articles calling Elon's claims baseless and a harassment campaign.