Twelve Indian startups, selected by the government to develop indigenous foundational models, will showcase their progress at the India AI Impact Summit. These include Sarvam AI, Soket AI Labs, Gnani AI, Gan AI, Avataar AI, BharatGen, Genloop, Zenteiq, Intellihealth, Shodh AI, Fractal Analytics and Tech Mahindra's Makers Lab. The summit will take place from February 16 to 20.

South Goa's District Consumer Disputes Redressal Commission has issued a bailable warrant against Ola Electric CEO Bhavish Aggarwal for failing to appear in a consumer complaint case. The complainant alleged that his Ola Electric two-wheeler, given for repairs, has not been returned and its whereabouts remain unknown. The matter has been adjourned until February 23.

Ex-Infosys CFO Mohandas Pai countered economist Shamika Ravi after she opposed the Supreme Court's comment that it's better to abolish RERA as it only helps builders. "Research shows RERA has been a net positive...The rational reform path is strengthening, not scrapping," Ravi said. "There's been an increase in bribes...Most have a tariff card for bribes," Pai responded.

A Reddit user said they feel they "messed up" as they're earning ₹13 lakh/annum as a software engineer despite switching jobs repeatedly, while their fired ex-colleague is earning ₹20 lakh/annum. The techie noted they quit twice without a job offer over toxic work culture. Multiple users urged techie not to compare, saying quitting toxic work culture was the right move.

As many as five companies, including Hexagon Nutrition and mattress maker Duroflex, have secured Securities and Exchange Board of India (SEBI) approval to launch their IPOs. Virupaksha Organics, Premier Industrial Corporation and Om Power Transmission have also received SEBI's nod to float an IPO. These companies had filed their preliminary IPO papers with SEBI between September and October.

Gujarat government appointed veteran banker Uday Kotak as the chairman of Gujarat International Finance Tec-City Company (GIFT City) with immediate effect. Kotak succeeded retired bureaucrat Hasmukh Adhia, who had been serving as Chairman (Non-Executive) of Board of Directors since 2023. The appointment was announced through a resolution issued by Urban Development and Urban Housing Department.

US Treasury Secretary Scott Bessent stated that the Trump administration aims to 'de-risk' rather than decouple from China. In an interview with CNBC, he emphasized a dual strategy of engagement and fair trade. Bessent argued that previous free trade policies were unfair and resulted in American workers being 'wiped out'. The administration seeks to fix these imbalances.

Rivian shares surged 20% pre-market after Deutsche Bank and UBS upgraded the stock following its first positive gross margin quarter. Analysts praised the company's progress as legacy automakers slow EV adoption. While the R2 SUV rollout may pressure margins near-term, the upgrades signal strong confidence in Rivian's profitability path.

Crypto markets traded in a tight range ahead of the crucial US CPI report, which could sway Fed rate decisions. Bitcoin held above $66,000, while Ethereum struggled below $2,000, fueling fears of a deeper correction. Analysts warn failing to reclaim key levels could trigger further downside.

Roku shares surged 13.6% pre-market after reporting a return to net profitability for 2025. The streaming company delivered strong Q4 results and an upbeat outlook, beating Wall Street targets for revenue and future sales. Retail sentiment turned 'extremely bullish' as investors see a stronger rebound ahead after three years of losses.