RBI mandates unique transaction identifier for all OTC derivatives from 2027

RBI mandates unique transaction identifier for all OTC derivatives from 2027


The Reserve Bank of India has mandated the use of a Unique Transaction Identifier (UTI) for all over-the-counter derivative transactions from January 1, 2027
| Photo Credit:
FRANCIS MASCARENHAS

Market participants will be required to use a Unique Transaction Identifier (UTI) for all over-the-counter (OTC) derivative transactions from January 1, 2027, per the final RBI guidelines on UTI use.

The draft circular on UTI for OTC Derivative Transactions in India had proposed that the instructions on its use will come into effect from April 1, 2026.

The extended timeline in the final circular is intended to provide sufficient time for market participants to build the necessary technical capabilities.

UTI has been identified globally as one of the key data elements for reporting over-the-counter (OTC) derivative transactions, with a view to enabling policymakers to obtain a comprehensive view of the OTC derivatives market.

At present, all transactions in OTC markets for Rupee interest rate derivatives, forward contracts in Government securities, foreign currency derivatives, foreign currency interest rate derivatives, and credit derivatives are reported to the Trade Repository managed by Clearing Corporation of India Limited (CCIL-TR).

RBI said it has been decided to mandate UTI for the aforementioned transactions. It has also issued a framework for implementing UTI for OTC derivative transactions.

Published on February 18, 2026



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SEBI imposes ₹1.35 crore penalty on Oriental Trimex, promoters and others for accounting irregularities

SEBI imposes ₹1.35 crore penalty on Oriental Trimex, promoters and others for accounting irregularities


According to SEBI’s adjudication order, this action is the outcome of a multi-year investigation spanning FY17 through FY20.
| Photo Credit:
HEMANSHI KAMANI

The Securities and Exchange Board of India (SEBI) on Wednesday levied aggregate monetary penalties of ₹1.35 crore on Oriental Trimex, its promoters, and other associated parties for alleged large-scale misstatement and manipulation of the company’s financial statements.

According to SEBI’s adjudication order, this action is the outcome of a multi-year investigation spanning FY17 through FY 20.

The investigation revealed that a major portion of reported sales and purchases was inflated through transactions with 22 entities that were non-existent, not traceable at their registered addresses, or not engaged in the company’s core marble business.

These 22 entities represented a significant share of the company’s disclosed turnover, contributing between approximately 80 per cent and 90 per cent of total revenue and purchases in certain financial years. This concentration raised serious doubts about the reliability and authenticity of Oriental Trimex’s financial statements, the SEBI order said.

The entities involved are Rajesh Kumar Punia, MD; Savita Punia, Whole-time Director; Om Prakash Sharma, Mirage Marble Private Ltd, Nirmal Marble Ltd; Abhishek Jain, Vivek Seth and Jitendra Surendra Gupta.

SEBI found that Oriental Trimex artificially boosted its reported revenue and raw material expenses by entering into transactions with 22 entities that were either non-existent, struck off from statutory records, untraceable at their registered addresses, or not involved in the marble trade—the company’s primary line of business.

The stock of Orient Trimex on Wednesday closed at ₹7.12 on the NSE, up 0.71 per cent.

Published on February 18, 2026



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अब AI की और बढ़ेगी पहुंच, दशक के अंत तक माइक्रोसॉफ्ट करेगी 50 अरब डॉलर का निवेश

अब AI की और बढ़ेगी पहुंच, दशक के अंत तक माइक्रोसॉफ्ट करेगी 50 अरब डॉलर का निवेश


Microsoft Investment To AI: दिग्गज प्रौद्योगिकी कंपनी Microsoft ने विकसित देशों और ‘वैश्विक दक्षिण’ (विकासशील देशों) के बीच बढ़ती एआई असमानता पर चिंता जताते हुए घोषणा की है कि वह इस दशक के अंत तक 50 अरब डॉलर निवेश कर इस खाई को कम करने का लक्ष्य रखती है. यह घोषणा कंपनी के वाइस चेयर एवं अध्यक्ष Brad Smith और एआई प्रभारी उपाध्यक्ष Natasha Crampton ने ‘इंडिया एआई इम्पैक्ट शिखर सम्मेलन’ में की.

कंपनी की ‘एआई डिफ्यूजन रिपोर्ट’ के अनुसार, एआई की पहुंच में असमानता आर्थिक अवसरों और विकास को सीमित कर सकती है, जिससे वैश्विक उत्तर (विकसित देश) और वैश्विक दक्षिण के बीच आर्थिक अंतर और बढ़ सकता है. माइक्रोसॉफ्ट ने बताया कि 50 अरब डॉलर का निवेश पांच प्रमुख स्तंभों- बुनियादी ढांचा, कौशल विकास, बहुभाषी एआई, स्थानीय नवाचार और एआई अपनाने के मापन पर केंद्रित होगा.

50 अरब डॉलर का होगा निवेश

पिछले वित्त वर्ष में कंपनी ने वैश्विक दक्षिण को सेवाएं देने वाले डेटा सेंटर ढांचे पर आठ अरब डॉलर से अधिक खर्च किए. इसमें भारत, मेक्सिको और अफ्रीका, दक्षिण अमेरिका, दक्षिण-पूर्व एशिया तथा पश्चिम एशिया के देश शामिल हैं. कंपनी ने 25 करोड़ वंचित लोगों तक इंटरनेट पहुंच बढ़ाने का लक्ष्य रखा है, जिनमें 10 करोड़ अफ्रीका में हैं. साझेदारियों के माध्यम से वह पहले ही अफ्रीका में 11.7 करोड़ लोगों तक पहुंच बना चुकी है.

कौशल विकास के तहत माइक्रोसॉफ्ट ने पिछले वित्त वर्ष में क्लाउड, एआई और डिजिटल प्रशिक्षण कार्यक्रमों पर दो अरब डॉलर से अधिक खर्च किए. ‘माइक्रोसॉफ्ट एलिवेट’ पहल के तहत 2028 तक दो करोड़ लोगों को एआई प्रमाणन दिलाने का लक्ष्य है. भारत में 2025 में 56 लाख लोगों को प्रशिक्षित करने के बाद 2030 तक दो करोड़ भारतीयों को एआई कौशल से लैस करने की योजना है. इसके अलावा ‘एलिवेट फॉर एजुकेटर्स’ कार्यक्रम के तहत दो लाख से अधिक संस्थानों के 20 लाख शिक्षकों और 80 लाख छात्रों तक पहुंचने का लक्ष्य रखा गया है.

2030 तक 2 करोड़ को AI ट्रेनिंग

कंपनी का कहना है कि भाषाई बाधाएं एआई के प्रसार में बड़ी रुकावट हैं, इसलिए बहुभाषी और बहुसांस्कृतिक एआई प्रणालियों में निवेश बढ़ाया जा रहा है. साथ ही भारतीय संस्थानों के साथ मिलकर सामुदायिक-आधारित एआई मूल्यांकन उपकरण विकसित किए जा रहे हैं.

डेवलपर इकोसिस्टम के संदर्भ में, माइक्रोसॉफ्ट ने बताया कि GitHub पर भारत का 2.4 करोड़ डेवलपर्स का समुदाय दूसरा सबसे बड़ा है और शीर्ष 30 अर्थव्यवस्थाओं में सबसे तेज गति से बढ़ रहा है. 2020 से इसकी वार्षिक वृद्धि दर 26 प्रतिशत से अधिक रही है. कुल मिलाकर, माइक्रोसॉफ्ट का यह निवेश एआई को अधिक समावेशी और वैश्विक स्तर पर संतुलित बनाने की दिशा में एक बड़ा कदम माना जा रहा है.

ये भी पढ़ें: चांदी ने फिर पकड़ी तेज रफ्तार, एक दिन में उछले 8000 रुपये से ज्यादा भाव, अब आगे क्या होगा?



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TNAU secures patent for sugarcane single bud sett cutter to cut costs and boost yields

TNAU secures patent for sugarcane single bud sett cutter to cut costs and boost yields


During trials, it achieved a capacity of 1,700 buds per hour at an operational cost of ₹1,000 per hectare, compared with ₹6,250 for conventional methods.
| Photo Credit:
Siva Saravanan S / The Hindu.

Tamil Nadu Agricultural University (TNAU) has secured a 20-year patent from the Patent Office, Government of India, for a sugarcane single bud sett cutter developed under the Sustainable Sugarcane Initiative (SSI).

SSI is an innovative method that promotes the use of single-budded chips to produce uniform and more millable canes per seedling. The machine will improve yields further and reduce cultivation costs for farmers, said a press release from the farm university.

Conventional bud chippers and manual operations are often inefficient and labour-intensive. The machine, powered by a 4-HP diesel engine, is designed to quickly and uniformly cut sugarcane stalks into single-bud setts. Built on a sturdy mild steel frame, it includes a power transmission system, serrated cutting discs, protective covers, a cane holder for easy feeding, a delivery chute, a counter to record output, vibration control mounts, and wheels for mobility, the release said.

India, which has the second-largest area under sugarcane cultivation after Brazil, is set to benefit from this new mechanised solution to improve planting efficiency and reduce labour costs. Sugarcane is cultivated across 4.7 million hectares in the country, with an average productivity of 72 tonnes per hectare. Tamil Nadu leads the country in sugarcane productivity, averaging more than 100 tonnes per hectare.

Performance and savings

The machine was tested at a blade rotational speed of 2,200 rpm with 200 mm-diameter cutting discs. It can produce sets of 30 mm, 35 mm and 40 mm by adjusting spacers between the cutting discs.

During trials, the cutter achieved a capacity of 1,700 buds per hour. The operational cost of bud cutting was estimated at ₹1,000 per hectare, significantly lower than ₹6,250 for conventional bud chippers. Developers said the machine can save more than 50 per cent in time and cost.

Beyond reducing cultivation expenses, the mechanised system also eases labour drudgery in sugarcane farming.

Germination rates were recorded at 95 per cent in protray nurseries and 90 per cent under field conditions, indicating high planting efficiency.

The machine is priced at ₹34,000, offering a cost-effective solution for farmers adopting SSI-based sugarcane cultivation, the release said.

Published on February 18, 2026



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Broker’s Call: Ipca Laboratories (Buy)

Broker’s Call: Ipca Laboratories (Buy)


Target: ₹1,710

CMP: ₹1,480.15

Ipca reported strong EBITDA of ₹530 crore, up 19 per cent year on year, which was 10 per cent above our estimates. Its revenues came in at ₹2,400 crore, up 6.6 per cent; broadly in line with our est.

Domestic formulations growth was 12 per cent. Export formulation was up 17 per cent at ₹530 crore above our estimare. . API sales remained flat at ₹410 crore. Export API was up 6 per cent, whereas domestic API declined 14 per cent. Revenues from subsidiaries, including Unichem, were at ₹560 crore.

The company has witnessed 400 bps gross margin expansion, ex Unichm, for 9MFY26, which should sustain, given product mix and softer raw material prices. Export API business witnessed recovery in 9MFY26 with 26 per cent growth.

Consolidated gross margins improved 230 bps to 72.5 per cent. There was forex loss to the tune of ₹3.5 crore booked under other expenses. Adjusted for forex, other expenses were up 2 per cent. EBITDA adjusted for forex gain came in at ₹530 crore, up 19 per cent vs our est of ₹480 crore. . Adjusted for Unichem, EBITDA growth was at 35 per cent with OPM of 25.9 per cent. PAT came at ₹310 crore, up 31 per cent.

We believe recovery in API segment, higher margins ex Unichem, steady growth in domestic formulation are the key growth drivers. We maintain our “Buy” rating on stock with revised TP of ₹1,710/share; valuing at 17x EV/EBITDA on FY28E.

Published on February 18, 2026



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Government Tax Hike के बाद Cigarette Stocks में तेज़ Rally! | Paisa Live

Government Tax Hike के बाद Cigarette Stocks में तेज़ Rally! | Paisa Live


Cigarette companies जैसे ITC aur Godfrey Phillips के shares में strong rally देखने को मिली है recent price hikes के बाद. Government ने excise duty aur GST structure में change किया, जिसके बाद companies ने cigarette prices Rs. 22–55 तक बढ़ा दिए. इसका burden customers पर pass हो गया, जिससे profit pressure limited रहा. ITC का share 2% चढ़ा, जबकि Godfrey Phillips 12% से ज्यादा jump हुआ. Global brokerage UBS ने ITC पर “Buy” rating maintain करते हुए Rs. 395 का target दिया है. Market sentiment फिलहाल positive है.                                                           



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