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3-storey building collapses in Kota

Jaipur: A three-storey building collapsed in Rajasthan’s Kota on Saturday night, killing at least two people and leaving several trapped under the debris, an official said.The incident occurred in the Talwandi area, where a restaurant was operating in the building. Police and rescue teams rushed to the spot and launched a rescue operation.So far, five people have been pulled out from the rubble and shifted to a hospital, officials said. According to initial information, some customers and employees were present in the restaurant at the time of the collapse.— PTI_News (@PTI_News) BJP MLA Sandeep Sharma, who reached the spot soon after the incident said, "Prima facie, the reason appears to be that a nearby old building was dismantled, which may have led to issues with its foundation. We cannot reach a final conclusion yet. So far, 10 people have been recovered. The operation is ongoing and relief work is currently underway.”"There is a possibility that several people ...
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Imports from China fall across sectors: Govt

India's imports from China declined across multiple sectors, including fertilisers, chemicals, iron and steel, and man-made yarn, in 2024-25, the commerce and industry ministry told Parliament. Mobile phone imports fell to ₹3,710 crore in 2024-25 from ₹48,609 crore in 2014-15. In contrast, mobile phone exports rose to over ₹2,05,017 crore in FY25 from ₹1,566 crore in FY15. "In 2024-25, a decline in imports from China was observed across several sectors compared to the previous year," Jitin Prasada said. In a separate reply, he said:"The government of India undertakes appropriate measures, from time to time, to address concerns raised by various stakeholders, including in matters relating to national interest." Prasada said. from Economic Times https://ift.tt/Z3gz6VI
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100% FDI opens door for new insurers: LIC

With foreign ownership limits lifted and competition set to intensify, India's insurance sector is entering a new phase. In a conversation with ET, Life Insurance Corporation of India's CEO & MD R Doraiswamy discusses what the Insurance Amendment Act means, why insurance penetration is slipping, and how the state behemoth is expanding by focusing on the right product mix. Edited excerpts:What do you make of the recent changes to the Insurance Act, especially the clause that allows 100% foreign ownership?Two changes stand out: allowing 100% equity and enhanced regulatory powers. Both are in the right direction. If foreign ownership was a constraint for companies entering India, its removal opens the door for new players and expansion. When limits were raised from 49% to 74%, capital inflows were limited, so this move (100% FDI in insurance companies) could make a bigger difference. Stronger regulatory powers will also help protect policyholders. Overall, these are positive d...
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What the Budget didn't do

Budget 2026 is a business-as-usual exercise that increases some outlays, announces some new schemes, corrects some duty perversions, contains the fiscal deficit, and undertakes to devolve resources recommended by the Finance Commission to states. It gets a thumbs up by normal standards.But these are not normal times. We are experiencing what Mark Carney at Davos called a rupture in the global order. Trump has demolished old certainties about geopolitical alliances and enmities. No erstwhile US ally - European, West Asian or Asian - can count on Marines rushing to their rescue in the event of hostilities that, just a year ago, would have triggered intervention by the world's most powerful military. Every nation is scrambling to enhance its capacity to defend itself.While never an ally of the US, India had grown accustomed to considering itself a partner, not just formally in a grouping like Quad but in a comprehensive campaign, in general, to pre-empt any military adventurism by Chi...
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IIT PhDs in demand for high-end R&D jobs

New Delhi | Bengaluru: PhD students at the Indian Institutes of Technology (IITs) are increasingly getting corporate job offers for high-end research and development (R&D), a shift from recruitment largely for teaching roles in the past. It is the result of the institutes boosting in-house R&D to develop innovative and competitive products, said professors at the IITs including Kharagpur, Kanpur, Guwahati, Roorkee and BHU.Companies such as Denso, Japan Meteorological Corporation, Caterpillar, Aditya Birla Science & Technology, Tata Steel, AMD, Google, Microsoft, Philips, Samsung, CDAC, Siemens, L&T and Qualcomm have recently hired PhD students from the IITs, according to the institutes.For the first time, two PhD students at IIT Kharagpur have received overseas job offers, both from Japan. In addition, a PhD student received an offer of a ₹1 crore-plus annual package. 127951042 "This year, hiring of PhD students in corporate R&Ds is a new trend. This is an effo...
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ET Now GBS 2026: Sorrell, Schwimmer to speak

New Delhi: The ET Now Global Business Summit 2026 will bring together global business leaders, innovators and policymakers in New Delhi on February 13-14, with discussions spanning capital markets, corporate leadership, infrastructure resilience and the future of growth.Among the headline speakers is David Schwimmer, chief executive officer of London Stock Exchange Group (LSEG), who leads one of the world's most critical financial market infrastructure providers at a time of rapid transformation in global finance.Under Schwimmer's leadership, LSEG has expanded its role across exchanges, data and analytics, and post-trade infrastructure, while pushing initiatives focused on transparency, resilience and the digitisation of capital markets amid shifting regulatory and geopolitical landscapes.127917094 Also speaking at the summit is Yann Le Pallec, president of S&P Global Ratings and chairman of the board of Crisil. A member of S&P Global's executive leadership team, Le...
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India-US trade: Cos expect order book to swell

from Economic Times https://ift.tt/KwfJ09S
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