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Three Boeing 777 aircraft belonging to the defunct Jet Airways, which have been parked in Mumbai for nearly six years, have been sold for $46 million to European cargo airline Challenge Group. The sale, finalized after three years of legal disputes, was announced by Jet Airways to the Bombay Stock Exchange. Malta-based Ace Aviation, part of Challenge Group, won the bid in October 2022 but faced opposition from the Jalan Kalrock Consortium, which aimed to revive the airline. The sale was further complicated by objections from Mumbai International Airport Ltd, but a consent agreement was reached last August. The National Company Law Tribunal and the Supreme Court ultimately cleared the sale, marking a significant milestone in India's aviation and insolvency landscape. This transaction is notable as it is the first instance of Boeing 777 aircraft being sold under the insolvency framework, setting a precedent for future aviation asset transactions. 
Published: Feb 11 2026, 6 pmeznews.inIn response to concerns from New Delhi, the White House has revised its fact sheet on the India-US interim trade framework, removing references to pulses and softening language regarding digital trade commitments. The original document had raised alarms over potential infringements on India's policy autonomy, particularly regarding digital services taxes (DST) and customs duties on electronic transmissions. The updated fact sheet now states that India "intends" to purchase over $500 billion in US products, rather than being "committed" to the deal. Experts caution that while the revisions may appear significant, they do not fundamentally alter the agreement's substance, as issues surrounding agricultural tariffs and digital trade rules remain ambiguous. India is wary of any commitments that could undermine its tax sovereignty, particularly as digital trade evolves. Notably, the contentious content was absent from the joint statement issued last Friday.
Published: Feb 11 2026, 7 pmeznews.inUranium prices have surged past $100 a pound due to supply disruptions, but analysts remain divided on the mineral's long-term prospects. UBS forecasts a 3% growth in nuclear reactor demand, while BMI predicts spot prices may peak in January 2026, citing a minor current deficit supported by supply from Central Asia, Canada, and Namibia. The Australian Office of the Chief Economist anticipates prices will rise from $73 in 2025 to an average of $91 in 2027, driven by demand outpacing supply. However, concerns linger over speculative trading and potential supply gluts, particularly if Canada’s NexGen project is approved. Despite a $80 billion US reactor deal boosting sentiment, major producers are cautious about new investments. The geopolitical landscape, particularly following Russia's invasion of Ukraine, has further complicated the market, with calls for uranium to be designated a critical material by the US government.
Published: Feb 11 2026, 7 pmeznews.inAgritech firm BigHaat has secured $10 million in a funding round led by Bidra Innovation Ventures, the US-based venture capital arm of OCP Group, a leader in plant nutrition solutions. Existing investors, including JM Financial and Ashish Kacholia, also participated in the round. The investment aims to enhance BigHaat's digital-first, farmer-centric agri ecosystem and position it as a globally compliant player in the traceable food value chain. Established as a key player in India's spices sector, BigHaat operates the country's largest direct-to-farmer network and emphasizes environmentally sustainable practices, significantly reducing carbon footprints and ensuring food safety compliance. Following this funding, BigHaat's total capital raised has reached approximately INR 300 crore. CEO Sateesh Nukala expressed the goal of delivering advanced agricultural solutions to Indian farmers, while Bidra's CEO Yassine Cherkaoui highlighted the importance of locally grounded solutions for sustainable agricultural productivity.
Published: Feb 11 2026, 5 pmeznews.inKenneth Andrade, founder and chief investment officer of Old Bridge Asset Management, has highlighted significant investment opportunities in the current market, urging investors to focus on corporates poised to establish a foothold in global markets. Despite benchmark indices remaining stagnant and high valuations, Andrade believes that Indian companies are well-positioned due to deleveraged balance sheets and lower capacity utilization. Sectors such as automobiles, pharmaceuticals, textiles, and chemicals are expected to thrive as trade deal uncertainties diminish, particularly with the near-finalization of a free trade agreement between India and the US. This development is anticipated to enhance India's access to US and EU markets, stimulating a revival in capital expenditure. Andrade also noted the need for IT companies to adapt to AI disruptions. The firm’s new Flexi-cap fund, launching soon, will adopt a thematic, bottom-up investment strategy, focusing on mid- and small-cap stocks with high conviction.
Published: Feb 11 2026, 6 pmeznews.inThe six international airports operated by the Adani Group under a Public Private Partnership (PPP) have reported a significant 19% increase in freight handling from April to December 2025 compared to the previous year. Ahmedabad airport led the growth with a remarkable 29.7% rise, surpassing 100,000 tonnes, and is closing in on Kolkata airport, which handled 125,000 tonnes during the same period. The Adani Group manages Lucknow, Thiruvananthapuram, Jaipur, Guwahati, and Mangaluru airports, all awarded for a 50-year term in 2020-2021. While Thiruvananthapuram and Mangaluru saw declines, the remaining airports experienced growth. Industry experts emphasize the importance of cargo operations as a vital revenue stream, urging government-run airports to modernize infrastructure and enhance management to meet the demands of India's evolving air cargo landscape. This shift is moving the focus from a metro-centric model to a more regional network, reshaping India's air cargo dynamics.
Published: Feb 11 2026, 6 pmeznews.inAmul has launched Sarlaben, an artificial intelligence-powered assistant designed to support 3.6 million milk producers in India with cattle health, breeding, and government schemes. Integrated with Amul’s Automatic Milk Collection System and Pashudhan applications, Sarlaben offers tailored advice on vaccination, medical treatment, and feeding practices, leveraging one of the world's largest dairy databases. The initiative, unveiled by Gujarat Chief Minister Bhupendra Patel in Anand, is backed by a comprehensive database that tracks 200 crore milk procurement transactions annually and details veterinary treatments for nearly 30 million cattle. Accessible via the Amul Farmer Mobile Application and phone calls, Sarlaben aims to provide personalized guidance primarily in Gujarati, while also serving farmers outside Amul’s cooperative network. The AI assistant is a collaboration with EkStep Foundation, enhancing the digital infrastructure that supports India's dairy sector.
Published: Feb 11 2026, 5 pmeznews.inAt the Madras Management Association's Annual Convention 2026 in Chennai, Dr. C. Rangarajan, former Governor of the Reserve Bank of India, emphasized the need for India to achieve a consistent economic growth rate of 7.5% annually to meet its Viksit Bharat goal by 2047. He highlighted the necessity of increasing per capita income from $3,000 to $18,000 and urged a rise in Gross Fixed Capital Formation (GFCF) by 2%. While government capital expenditure is on the rise, private sector investment remains stagnant, prompting Rangarajan to call for introspection among corporates. He also stressed the importance of embracing new technologies, particularly AI, to maintain competitiveness. Gopal Srinivasan of TVS Capital Funds noted the government's ₹1 lakh crore R&D commitment, which aims to leverage private investment for innovation. The event also recognized young professionals through the 29th MMA competition for Young Managers.
Published: Feb 11 2026, 4 pmeznews.inUnion Fisheries Joint Secretary Sagar Mehra addressed a global workshop at the World Seafood Congress in Chennai, emphasizing the urgent need for India to tackle the significant issue of post-harvest fish loss, which accounts for nearly one-third of the global catch. He outlined a shift from traditional volume-centric growth to a sustainable, circular economy model that optimizes resource use and reduces waste. With India producing around 20 million tonnes of fish annually, Mehra highlighted the importance of aligning with Sustainable Development Goals (SDGs) to meet the demands of global buyers for responsibly sourced and traceable supply chains. The workshop, organized by the Bay of Bengal Programme Inter-Governmental Organisation and the FAO, discussed strategies for enhancing value addition from fish by-products and improving regulatory frameworks. Experts underscored the need for better traceability systems and collaboration among stakeholders to ensure the sector's competitiveness and sustainability.
Published: Feb 11 2026, 4 pmeznews.inIndia's persistent air pollution is increasingly impacting corporate profits and public health, as highlighted in the latest earnings reports from various sectors, including real estate and retail. Visibility in Delhi has plummeted due to pollution, prompting construction halts and reduced consumer footfall, with executives noting significant economic repercussions. The term "air pollution" was cited 988 times in earnings discussions among BSE AllCap Index members in 2025, reflecting growing concern over its effects. The World Bank estimates that air pollution contributes to over a million deaths annually in northern India, with economic costs potentially reaching $260 billion in 2024. Companies like Shoppers Stop Ltd. reported a 69% drop in net profit attributed to pollution, while Omaxe Ltd. is adapting by developing air-conditioned malls with purifiers. Analysts warn that the "Smog Season" could hinder revenue for retailers, underscoring the urgent need for pollution control measures.
Published: Feb 11 2026, 3 pm
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