Category: Corporate

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Corporate

Belagavi tech company in Karnataka sues Anthropic over name

An Indian software company based in Belagavi, Karnataka, has filed a lawsuit against US-based artificial intelligence company Anthropic, accusing it of using a name that the Indian firm says it has owned and operated under for years.

The company, Anthropic Software Private Limited, was founded in 2017 and provides technology solutions in areas such as education platforms, digital connectivity, and safety systems. It claims that it has been legally using the name “Anthropic” in India well before the US AI startup entered the Indian market.

According to the lawsuit, the Indian firm says the arrival of Anthropic PBC, the American company known globally for developing the AI model Claude, has led to serious confusion among customers, partners, and even government departments. The firm argues that people often assume both companies are linked, which it says has affected its reputation and business operations.

Anthropic Software has approached the Commercial Court in Belagavi seeking legal protection for its brand identity. It has asked the court to recognise its prior use of the name in India and to stop the US company from using “Anthropic” in a way that could mislead customers. The Indian firm is also seeking damages of ₹1 crore for the alleged loss and harm caused by brand dilution.

The company’s founder stated that attempts were made earlier to resolve the issue through the trademark process, but the matter remained unresolved, forcing the firm to take legal action.

The case comes at a time when Anthropic PBC is expanding its footprint in India, including plans to set up offices and hire talent as part of its global growth strategy. The US company is backed by major investors and is considered one of the leading players in the fast-growing AI sector.

The court has issued notices to the US firm and is expected to hear the matter later this month. No interim relief has been granted so far.

Also Read: China’s BYD challenges Trump’s tariffs at US court

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Radiance Renewables raises $100m from Danish, Dutch Funds

Radiance Renewables, an India-based clean energy company, has raised $100 million in fresh equity funding to accelerate its growth in the country’s renewable energy sector. The investment has come from two European development finance institutions, Impact Fund Denmark and FMO, the Dutch entrepreneurial development bank , with both investors contributing around $50 million each.

The funding will be used to expand Radiance Renewables’ portfolio of clean energy projects across India, especially for commercial and industrial (C&I) customers who are increasingly shifting to renewable power to cut costs and reduce carbon emissions. The company focuses on supplying green energy directly to businesses through long-term power purchase agreements.

Radiance Renewables currently operates more than 2 gigawatt-peak (GWp) of renewable energy assets and has a development pipeline of over 1 GWp. With the new capital, the company plans to invest in new solar power plants, hybrid wind-solar projects, and behind-the-meter solutions that allow factories and commercial units to generate power closer to where it is consumed.

A key part of the expansion strategy also includes battery energy storage systems, which help manage power supply during non-solar hours, and investments in inter-state transmission infrastructure to supply clean energy across multiple regions. These steps are aimed at offering reliable, round-the-clock renewable power to large energy consumers.

Company executives said the funding will strengthen Radiance’s financial position and support long-term growth as India moves towards its clean energy and decarbonisation targets. The investment is expected to help the firm scale operations over the next few years and support businesses looking to meet sustainability goals.

Investors highlighted India as a priority market for clean energy due to its strong policy support, rising power demand, and growing focus on sustainability. They also pointed to Radiance Renewables’ execution capabilities, governance standards and partnership with Eversource Capital as key reasons for backing the company.

Also Read: Gujarat signs letter of intent with Starlink for satellite internet

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Sensex gains 300+, Nifty climbs past 25,950

Indian equity markets extended their winning streak on Tuesday, February 10, 2026, with BSE Sensex climbing over 300 points to close near 64,700 and the Nifty 50 holding above 25,950. Positive global cues, renewed foreign investor interest, and broad-based buying across sectors supported the rally.

Top gainers included Reliance Industries (RIL), Axis Bank, Tata Motors, Pfizer, and Tata Steel, which saw strong investor demand. Pfizer surged nearly 9% after posting an 11% rise in its Q3FY26 profit, while Tata Motors advanced on robust sales momentum. Consumer stocks like Marico posted modest gains following strategic expansion moves, including its acquisition of a Vietnamese skincare company for ₹262 crore.

On the downside, Ramco Cements, Marico, and some defensive banking stocks experienced minor declines as traders booked profits in selective names. Ramco Cements, despite reporting a 19% jump in net profit, saw its shares dip marginally.

Sectorally, the auto, financials, and consumer segments led the advance, while broader indices like the Nifty Smallcap rose 0.55%, following a strong 2.65% rally in the previous session. Market breadth remained healthy with more advancing stocks than decliners across the NSE and BSE.

Also Read: Sensex rises 485 Points, Nifty crosses 25,850

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Corporate

Sensex rises 485 Points, Nifty crosses 25,850

The Indian stock market ended sharply higher on Monday, 9 February 2026, as positive global cues and optimism surrounding the India–US trade deal boosted investor sentiment. The BSE Sensex climbed 485 points, while the NSE Nifty 50 crossed 25,850, marking a robust start to the week for Dalal Street.

Market gains were broad-based, led by Titan, UltraTech Cement, and SBI, with strong buying in financial, metal, and realty stocks. Consumer and private banking shares also saw healthy inflows, while FMCG stocks slightly capped the rally. On the other hand, heavyweights like Infosys, HDFC Bank, and Reliance Industries slipped, partially offsetting the upside.

Among notable movers, Kalyan Jewellers surged 10% to hit the upper circuit after posting strong Q3 earnings, with brokerages projecting a potential 80% upside from current levels. Conversely, Power Finance Corporation (PFC) and REC shares fell up to 4% after PFC approved an in-principle merger with REC, in line with government plans to restructure major public sector NBFCs.

Global markets supported domestic sentiment, with S&P 500 futures up 0.1%, Japan’s Topix rising 2.4%, and Hong Kong’s Hang Seng climbing 1.3%. The rupee strengthened 21 paise to 90.44 against the US dollar, while gold prices in major cities remained stable, with 24-carat gold trading around ₹1,25,000 per 8 grams.

Overall, the day reflected investor confidence on trade optimism and strong global trends, with selective profit booking in IT, pharma, and auto sectors.

Also Read: Sensex up 300 points, Nifty near 25,800

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Corporate

Kalyan Jewellers jumps 10% after strong Q3 results

Shares of Kalyan Jewellers India Ltd surged on Monday, hitting the 10% upper circuit on the BSE after posting a robust third-quarter (Q3 FY26) performance. Investors cheered higher-than-expected profit and revenue, boosting market sentiment around jewellery retail stocks.

The company reported a net profit of ₹417 crore, nearly doubling year-on-year, while consolidated revenue rose 42% to ₹10,343 crore. Operating margins expanded, reflecting efficient cost management and better product mix. Strong festive sales and consistent demand across domestic and international markets drove the performance. Same-store sales growth also contributed to the earnings beat.

Brokerages have largely maintained buy ratings on Kalyan Jewellers after the results. Target prices indicate upside potential of up to 80% from current levels, citing continued demand, store expansions, and margin sustainability. Analysts noted that the company’s focus on premium offerings and operational efficiency is key to future growth.

The broader Indian markets also trended higher, with Sensex and Nifty 50 ending the day in positive territory, reinforcing investor confidence in strong earnings plays.

The combination of robust revenue growth, margin improvement, and a healthy profit surge positions Kalyan Jewellers as a stock attracting short-term and medium-term investor interest.

Also Read: India clarifies $500bn US import figure

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SBI Q3 profit hits record, shares rise 7%

Shares of State Bank of India (SBI) surged nearly 7% on Monday, hitting a record high, after the country’s largest public sector lender posted its highest-ever quarterly profit for Q3 of FY26.

SBI reported a net profit of ₹21,277 crore for the October–December period, up 24.5% year-on-year from ₹17,073 crore in the same quarter last year. Analysts attributed the growth to strong net interest income, improved asset quality, and disciplined risk management.

The bank’s net interest income (NII), which reflects core lending performance, rose by 9% to ₹45,323 crore. Non-interest income, which includes fees and trading gains, also contributed positively, amounting to ₹12,000 crore, marking a healthy year-on-year increase.

SBI’s asset quality improved significantly, with gross non-performing assets (GNPA) declining to 3.12% from 3.35% in the previous quarter. Provisions for bad loans also decreased, allowing the bank to post stronger profitability.

On the loan growth front, SBI reported a 13% increase in advances, with broad-based growth across corporate, retail, and small-business segments. The bank’s management raised its loan growth guidance for FY26 to 13–15%, signaling confidence in sustained credit demand.

The strong results led brokerages including Jefferies, Morgan Stanley, and BofA Securities to upgrade SBI’s stock. Price targets were raised, with some suggesting a potential upside of up to 14% from current levels. Most analysts maintained a “Buy” or “Outperform” rating, citing strong earnings momentum and improved fundamentals.

Investors responded positively to the earnings announcement, driving the stock to its all-time high of ₹1,145 per share during the trading session.

Also Read: FPIs return, pump ₹8,100 cr into Indian stocks

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Corporate

FPIs return, pump ₹8,100 cr into Indian stocks

Foreign portfolio investors (FPIs) have returned to the Indian stock market as net buyers, pumping over ₹8,100 crore into equities in early February. This marks the first major inflow after three consecutive months of heavy selling, reflecting renewed optimism following a landmark India‑US trade deal and improving global risk sentiment.

Data from depositories shows FPIs invested around ₹8,129 crore up to 6 February. This is a sharp turnaround from the outflows seen over the past months, where investors withdrew ₹35,962 crore in January, ₹22,611 crore in December, and ₹3,765 crore in November. The selling spree had been driven by global uncertainties, currency volatility, and fears of trade restrictions, which dampened foreign investor confidence.

Analysts say the recent inflows are largely motivated by the interim India‑US trade agreement, which eased geopolitical concerns and boosted expectations for stronger export growth and corporate earnings. “The trade deal has removed some of the uncertainty around bilateral trade, encouraging FPIs to return to Indian equities,” noted a market strategist.

Apart from the trade deal, stabilising domestic and global conditions, a stronger rupee, and lower market volatility have contributed to improved investor sentiment. Positive policy measures and clearer regulatory frameworks have further reassured foreign investors about India’s growth trajectory.

Despite the encouraging inflows, experts caution that this may not signal a long-term reversal yet. “While early February’s data is positive, sustained foreign investment will depend on macroeconomic stability, corporate performance, and the broader global trade environment,” said an economist.

The return of FPIs is seen as a welcome support for the Indian stock market, which had been under pressure from prolonged foreign selling.

Also Read: India pledges $175 mn economic support for Seychelles

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SpaceX puts Moon first, Mars to wait now

Elon Musk has once again reshaped the future of space travel, saying SpaceX will now focus on building a “self-growing city” on the Moon before sending humans to Mars. The decision marks a pause to Musk’s long-held dream of colonising the Red Planet.

In simple terms, Musk believes the Moon is the smarter place to start. It is closer to Earth, easier to reach, and allows SpaceX to move faster. A trip to the Moon takes just two days, and rockets can be launched every few weeks. Mars, on the other hand, is far away and only reachable during narrow windows that open once every 26 months. Each journey to Mars takes about six months, making mistakes costly and progress slow.

Musk says this difference matters. Being close to Earth means SpaceX can test new technology, fix problems quickly, and improve life-support systems through trial and error. That learning speed, he believes, could help build a sustainable lunar city within the next decade — a place that slowly grows as more people, machines and supplies arrive.

The idea of a “self-growing city” is not science fiction, Musk insists. He imagines small beginnings, basic shelters, power systems and supply chains, that expand over time. With frequent missions, the Moon could become a permanent home for humans, not just a research stop.

Importantly, Musk has made it clear that Mars is still the ultimate goal. He says serious work on a Martian city could begin in five to seven years. But first, SpaceX wants to reduce risks by learning how humans can live off Earth for long periods, starting closer to home.

The shift also fits well with global space plans. SpaceX is a key partner in NASA’s Artemis programme, which aims to return astronauts to the Moon later this decade. Starship, SpaceX’s next-generation rocket, is expected to carry people and cargo for these missions.

By learning to live there on the Moon , Musk believes humanity will be better prepared for the much harder journey to Mars. In his vision, the future of human life beyond Earth will begin not on a distant planet, but on the Moon just above us.

Also Read: Adani Energy wins Japanese funding for 6,000 MW link

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Corporate

Adani Energy wins Japanese funding for 6,000 MW link

Adani Energy Solutions Ltd has taken a major step in strengthening India’s clean energy backbone by securing long-term funding from Japanese banks for a 6,000 megawatt green energy transmission corridor. The project will help move renewable electricity from areas where it is generated in large quantities to regions where demand is high, making clean power more accessible and reliable for millions of people.

The corridor will run for nearly 950 kilometres, connecting Bhadla in Rajasthan, one of the country’s biggest solar power hubs, to Fatehpur in Uttar Pradesh. Once completed, it will carry electricity generated from solar and other renewable sources across northern India. The project is expected to be operational by 2029.

The financing has come from a group of well-known Japanese financial institutions, led by MUFG Bank and Sumitomo Mitsui Banking Corporation. Their participation reflects growing global confidence in India’s renewable energy plans and in Adani Energy Solutions’ ability to deliver large infrastructure projects. The funding has been structured as a green loan, meaning it meets international environmental and sustainability standards.

What makes this corridor special is the technology being used. The project will use advanced high-voltage direct current (HVDC) systems, which allow electricity to travel long distances with minimal loss. The equipment will be supplied by Hitachi Energy, while Bharat Heavy Electricals Limited (BHEL) will handle key execution work, supporting India’s push for local manufacturing under the “Make in India” programme.

For Adani Energy Solutions, the project is more than just a transmission line. It is part of a larger effort to build a strong, future-ready power network that can support India’s rapid shift to renewable energy. As more solar and wind power is added to the grid, efficient transmission systems like this corridor become critical.

Experts are of the opinion that the project will help stabilise the power grid, reduce dependence on fossil fuels, and ensure that clean energy generated in remote regions reaches homes, factories, and cities without interruption. It also strengthens economic and strategic ties between India and Japan in the clean energy space.

Also Read: Jeff D’Onofrio steps in as Washington Post Chief

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Sensex up 300 points, Nifty near 25,800

Equity benchmarks opened firmly on Monday as buying interest in heavyweight banking stocks lifted market sentiment. The BSE Sensex rose over 300 points, while the NSE Nifty 50 hovered near the 25,800 level in early trade, supported by positive global cues and steady domestic flows.

The rally was led by State Bank of India (SBI), which advanced sharply after reporting strong quarterly earnings and outlining a healthy growth outlook. The stock’s rise spilled over to the broader PSU banking space, with several public sector lenders posting solid gains. Other frontline financial stocks also traded higher, reflecting renewed confidence in the sector.
Outside banking, select infrastructure and metal stocks moved up on expectations of steady demand and supportive macro conditions, adding to the upward momentum in the indices.

On the flip side, IT stocks remained under pressure, as investors stayed cautious amid concerns over global demand and booked profits after recent gains. The auto sector also saw selling, with most major auto names trading lower as valuations prompted profit-taking. In addition, select pharma stocks slipped, contributing to the mixed tone in the broader market.

Overall market breadth was balanced, with advances in financials offset by weakness in IT, auto and pharma counters. The India VIX declined, indicating easing volatility, while the rupee traded marginally stronger against the US dollar.

Market participants said sentiment remains positive in the near term, but the Nifty’s move towards the 26,000 level will be closely watched, with global cues and ongoing corporate earnings likely to guide further direction.

Also Read: Mahindra to invest ₹15,000 cr in Maharashtra plant