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 06 Feb 2026 01:30 PM   EconomicTimes

Alembic Pharmaceuticals gets USFDA nod for generic Parkinson's disease treatment tablets

Alembic Pharmaceuticals has secured a significant approval from the US health regulator. The company's generic version of Carbidopa, Levodopa, and Entacapone tablets, used for Parkinson's disease, has been cleared by the USFDA. This development marks a crucial step for Alembic in the US market.

 06 Feb 2026 01:29 PM   EconomicTimes

ACME Solar wins government-backed project for reliable renewable power

ACME Solar has reached new heights by landing a transformative 301 megawatt, 1,204 megawatt hour renewable energy deal with SECI. This innovative project merges solar, wind, and advanced battery storage systems to ensure uninterrupted power supply. As a result of this victory, ACME Solar now boasts a staggering contracted capacity exceeding 8,000 megawatts.

 06 Feb 2026 01:26 PM   EconomicTimes

RBI tightens oversight of financial product sales, targets mis-selling

The Reserve Bank of India is taking significant action by rolling out innovative regulations for banks and lenders. These comprehensive guidelines will redefine how financial products are promoted and sold, with a strong emphasis on preventing mis-selling and ensuring customer protection.

 06 Feb 2026 01:11 PM   EconomicTimes

Online fraud losses? RBI may compensate up to ₹25,000, but conditions apply. Check here

The Reserve Bank of India will propose a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital transactions, Governor Sanjay Malhotra said on Friday, as part of steps to strengthen customer protection and payment safety. Draft guidelines will be issued soon and will review customer liability in electronic banking frauds.

 06 Feb 2026 12:40 PM   EconomicTimes

India’s largest oil, gas bid round gets fresh three-month extension

India's government has extended the bid deadline for its largest oil and gas acreage offering. Potential investors now have until May 29, 2026, to submit bids. This is the fourth extension for OALP Bid Round X. The move allows more time for investors to study new liberalised rules. This round offers the largest area for exploration and production to date.

 06 Feb 2026 12:34 PM   EconomicTimes

Tankers speed through Hormuz chokepoint on rising Iran tensions

Some supertanker operators are speeding up their vessels while passing through the Strait of Hormuz due to rising US-Iran tensions and concerns over safety in the key oil shipping route. Ship-tracking data show some large crude carriers moving at up to 17 knots, faster than the usual 13 knots, after Iran announced plans for live-firing drills and as the US increased its military presence in the region.

 06 Feb 2026 12:33 PM   EconomicTimes

RBI to allow bank funding to REITs

The Reserve Bank of India will soon allow banks to lend to Real Estate Investment Trusts. This move signals a relaxation of regulations. It aims to provide a new source of funding for the real estate sector. This is expected to boost economic activity and job creation. The central bank is issuing draft directions for public consultation.

 06 Feb 2026 11:26 AM   EconomicTimes

Ahead of IPO, Oyo parent PRISM logs Rs 245 crore profit in FY25

Oyo's parent company, PRISM, has reported a profit of Rs 245 crore for the financial year ending March 31, 2025. Revenue grew to Rs 6,253 crore. The company has filed confidential IPO papers with SEBI. This follows a previous withdrawal of IPO plans due to market volatility.

 06 Feb 2026 10:58 AM   EconomicTimes

Maruti ties up with Andhra Pradesh to build automated driving test tracks

Maruti Suzuki India has partnered with the Andhra Pradesh government to establish four automated driving test tracks. These tracks will be located at RTOs in Eluru, Ongole, Vizianagaram, and Anakapalli. The company will automate and maintain these facilities for three years. This initiative aims to ensure only skilled drivers receive licenses, enhancing road safety across the state.

 06 Feb 2026 10:41 AM   EconomicTimes

RBI is about to make banking easier for Indians. Here's how

RBI MPC Meet: The Reserve Bank of India has rolled out a series of customer-centric reforms, including stronger fraud protection and compensation for small-value losses, alongside regulatory relief for NBFCs and co-operative banks.

 06 Feb 2026 10:38 AM   EconomicTimes

RBI MPC Meet: RBI allows banks to lend to REITs, boosting long-term funding

RBI MPC Meet Highlights: The Reserve Bank of India has permitted banks to lend to Real Estate Investment Trusts. This move aims to boost funding for commercial real estate projects. It will help REITs access more stable, long-term capital. This decision is expected to strengthen financing avenues for the sector. It will also reduce reliance on capital markets alone.

 06 Feb 2026 09:33 AM   EconomicTimes

Hotel rates swing as Delhi plays the grand host

Delhi hotels are experiencing sharp price increases. A major AI summit and the ongoing wedding season are driving demand. Luxury and upper upscale hotels are nearly sold out. This surge follows a slower period in December and January. Hoteliers anticipate full occupancy for key dates. The situation highlights a gap between room availability and event needs in the capital.

 06 Feb 2026 09:12 AM   EconomicTimes

Bankruptcy court orders insolvency proceedings against Gurgaon-based builder

A Gurgaon real estate developer faces insolvency proceedings. The National Company Law Tribunal admitted the case after a default of Rs 274 crore. IDBI Trusteeship Services filed the application on behalf of debenture holders. The developer argued the default claim was premature as the redemption date was extended. The court has appointed an interim resolution professional to manage the process.

 06 Feb 2026 09:12 AM   EconomicTimes

Insolvency proceedings ordered against realty developer Vatika

The Chandigarh bench of the National Company Law Tribunal has admitted Gurgaon-based real estate developer Vatika Ltd into the corporate insolvency resolution process after a default of about Rs 274 crore on dues to non-convertible debenture holders.

 06 Feb 2026 12:46 AM   EconomicTimes

Grievances in general, health insurance jump 41% in FY25

Policyholder complaints against insurance companies, particularly for health covers, surged in FY25. Grievances in general and health insurance jumped 41% to 1,37,361. Standalone health insurers saw a 33% rise. Claims settlement issues, including repudiation and delays, were the primary cause. Life insurance complaints focused on survival claims and servicing. Irdai is addressing mis-selling concerns.

 06 Feb 2026 12:32 AM   EconomicTimes

Aviation bodies short of hands; over 2,600 jobs lying vacant

In a written reply to the Lok Sabha, Minister of State for Civil Aviation Murlidhar Mohol said adequate steps are taken from time to time to fill up vacancies under the ministry, including its attached offices and regulatory bodies.

 06 Feb 2026 12:25 AM   EconomicTimes

TRAI revamps TV distribution audit regime, offers relief to small operators

New rules for television distribution platform audits are coming. The Telecom Regulatory Authority of India has set clear deadlines and eased requirements for smaller operators. Infrastructure sharing norms are also updated. These changes aim to improve compliance and reduce audit complexities. The revised framework will be effective from April 1, 2026, bringing significant updates for broadcasters and distributors.