eznews.inArvind SmartSpaces Ltd is set to launch projects worth ₹9,500 crore across Gujarat, Maharashtra, and Karnataka over the next four to five years, with a significant portion expected to enter the market within 18 months. Gujarat leads with ₹5,077 crore in upcoming projects, followed by Karnataka at ₹2,899 crore and Maharashtra at ₹1,520 crore. However, the company has missed its launch targets for the current financial year, achieving only ₹500 crore of the anticipated ₹2,500 crore due to delays in approvals and phased rollouts. Managing Director Priyansh Kapoor noted that the residential market is stabilising after a period of rapid growth, with sales volumes remaining flat but realisations increasing. In the March quarter, Arvind plans to launch ₹1,500 crore worth of projects, including phases of developments in Vadodara and Ahmedabad, while navigating regulatory challenges in Bengaluru. 
Published: Feb 12 2026, 6 pmeznews.inPrasanna Kumar D has been elected as the new President of the Institute of Chartered Accountants of India (ICAI) for the term 2026-27, succeeding Charanjot Singh Nanda. The election, held on Thursday, also saw Mangesh Pandurang Kinare appointed as Vice President. As the 74th President, Prasanna will oversee all Standing Committees, serve as an ex-officio member of Non-Standing Committees, and act as Editor-in-Chief of _The Chartered Accountant_ Journal. His extensive experience includes leadership roles in various ICAI committees and significant contributions to professional development and governance. Kinare, with over 33 years in the field, has previously chaired key committees and represented ICAI on national and international platforms. Both leaders are expected to enhance member engagement and institutional strengthening within the organization.
Published: Feb 12 2026, 6 pmeznews.inMauritius is intensifying its efforts to enhance air connectivity with India to boost tourism, as highlighted by Tourism Minister Christian Harold Richard Duval during a recent meeting with airline executives and travel agents at the OTM travel show in Mumbai. Duval emphasized that India is a key focus in Mauritius' tourism growth strategy, aiming to strengthen air corridors and collaborate closely with Indian partners to position the island as a preferred destination for leisure and business. Currently, Air India, Air Mauritius, and IndiGo operate flights between the two nations, with over 75,000 Indian visitors recorded last year, marking a 35% increase. The Mauritius Tourism Promotion Authority (MTPA) is also targeting tier-2 and tier-3 markets, expanding its MICE segment, and promoting wellness and golf tourism, while specifically aiming to attract Gen Z and first-time young Indian travelers.
Published: Feb 12 2026, 4 pmeznews.inThe Odisha State Appellate Authority for Advance Ruling (AAAR) has determined that companies providing Annual Maintenance Contract (AMC) services through service engineers do not establish a fixed business presence in the state, thus negating the need for separate GST registration. This ruling, which overturns a previous decision by the State Authority for Advance Ruling (AAR), is expected to ease compliance for corporations operating AMC services across multiple locations. The AAAR clarified that all transactions for the appellant were conducted from their head office in Maharashtra, with invoices issued from there, despite the presence of Field Service Engineers (FSEs) in Odisha. The ruling emphasizes that a fixed establishment must be linked to the supplier's registered location, and the appellant's operations in Odisha do not meet this criterion. Experts believe this decision will significantly reduce regulatory burdens for service providers in the region.
Published: Feb 12 2026, 4 pmeznews.inRetail inflation in India, based on the Consumer Price Index (CPI) for the base year 2024, was reported at 2.75% by the Statistics Ministry on Thursday. The inflation rates for rural and urban areas stood at 2.73% and 2.77%, respectively. Year-on-year inflation for the All India Consumer Food Price Index (CFPI) in January 2026 was 2.13%, with rural and urban rates at 1.96% and 2.44%. Housing inflation for the same month was recorded at 2.05%. The new CPI series has adjusted the weight of food and beverages from 45.9% to 36.8% and expanded the item basket from 299 to 358, incorporating new categories such as rural house rent and online streaming services. Additionally, prices will now be collected weekly from 12 e-commerce platforms to reflect changing consumer behavior, while standard jewellery items will be priced instead of customized pieces.
Published: Feb 12 2026, 4 pmeznews.inIndia's top airlines, represented by the Federation of Indian Airlines (FIA), have urged the government to reconsider proposed fatigue management rules for cabin crew, warning that they could disrupt flight schedules and hinder growth. The rules, which aim to enhance safety, include increasing minimum weekly rest from 36 to 48 hours and requiring flight attendants to have individual hotel rooms during layovers. The FIA argues that these measures could strain hotel availability at airports and complicate crew scheduling, ultimately reducing the competitiveness of Indian airlines globally. This pushback follows IndiGo's cancellation of approximately 4,500 flights in December due to inadequate planning for similar pilot fatigue rules. The FIA is advocating for a phased implementation of the new regulations and adjustments to night operation provisions, as the current proposals exceed international standards. The Directorate General of Civil Aviation has yet to respond to the FIA's concerns.
Published: Feb 12 2026, 3 pmeznews.inFarmgate prices for arabica parchment coffee have plummeted from ₹29,000-29,400 per 50 kg bag in November to around ₹24,000, marking a 20% decline since the start of the 2025-26 crop year. This drop has raised concerns among growers, particularly as robusta prices have only eased slightly. Contributing factors include improved supplies from major producers like Brazil, which is expected to see a 17% increase in output. Despite rising production costs, including labor, growers are struggling with price volatility, leading many to sell at lower rates to maintain cash flow. While global coffee markets show signs of easing, India faces elevated price differentials that hinder trade volumes. Experts suggest that growers may need to enhance collective marketing efforts to better engage with buyers and improve price realization amid ongoing market fluctuations.
Published: Feb 12 2026, 3 pmeznews.inThe Indian commerce ministry is set to launch eight components of the ₹25,060-crore Export Promotion Mission (EPM), which aims to enhance the country's export capabilities through initiatives in e-commerce, warehousing, and factoring services. This follows the Union Cabinet's approval of two significant schemes last November, totaling over ₹45,000 crore, including the EPM and a ₹20,000 crore Credit Guarantee Scheme. The EPM comprises two sub-schemes: Niryat Protsahan, which focuses on financial support for MSME exporters, and Niryat Disha, aimed at improving market readiness and competitiveness. Recent government measures also include a ₹4,531-crore Market Access Support scheme and a ₹7,295-crore export support package announced in January. Despite the global cross-border factoring market being valued at $758 billion, India's participation remains low at just $1 billion, primarily due to high costs and risk premiums associated with factoring services. The rollout of the EPM components is expected to be announced next week.
Published: Feb 12 2026, 12 pmeznews.inThe Indian government is poised to release retail inflation data for January, utilizing a new base year of 2024, with expectations that the headline inflation will range between 2% and 3%. The previous December figure, based on the 2012 series, stood at 1.33% and is anticipated to be revised upwards. A recent report from the Statistics Ministry has led to a significant adjustment in the Consumer Price Index (CPI), reducing the weight of volatile food and beverage items from 45.9% to 36.8% and incorporating new categories such as rural housing rentals and online shopping. This overhaul aims to enhance the effectiveness of monetary policy actions by the Reserve Bank of India (RBI), which is likely to maintain interest rates amid these changes. Economists predict that the revised inflation figure for January could reach approximately 2.77%, influencing the RBI's future monetary decisions.
Published: Feb 12 2026, 12 pmeznews.inIndia's agricultural exports to the United States are poised for a substantial increase, with a report from SBI indicating that 75% of these exports will now be subject to zero tariffs. Currently, India enjoys a trade surplus of $1.3 billion in agricultural trade with the US, with exports valued at $1.36 billion set to benefit from this new tariff structure. Key commodities such as rice, spices, oilseeds, tea, and coffee are expected to see enhanced competitiveness and expanded market access, bolstering the incomes of Indian farmers and exporters. Notably, Indian rice holds a 24% share of US imports, while the fishery sector, previously impacted by tariffs, is also likely to gain from the reduced 18% duty. Overall, India's share in selected agricultural imports to the US stands at 3.5%, with total imports from India reaching $2.8 billion.
Published: Feb 12 2026, 10 am
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