Radico Khaitan strengthens leadership pipeline to drive future growth

by Hansraj Agrawal | Feb 13, 2026 | Share Market

Radico Khaitan has announced a leadership progression in line with its strategic priorities of premiumisation, global brand building, and future readiness.

The Company has elevated Sudhir Upadhyay as Chief Sales Officer and Kunal Madan as Chief Marketing Officer; both seasoned, internally developed leaders with over a decade-long association with Radico Khaitan and deep industry experience, underscoring its emphasis on advancing next generation leadership as it enters its next phase of growth.

Under the leadership of Abhishek Khaitan, Managing Director, Radico Khaitan, the core leadership team comprises Dilip Banthiya, Chief Financial Officer, and Sanjeev Banga, President – International Business, and is supported by Sudhir Upadhyay, Chief Sales Officer; Kunal Madan, Chief Marketing Officer and Saket Somani, Head – Finance & Strategy, together ensuring a strong blend of seasoned experience and next-generation leadership to drive momentum across markets.

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Asian shares trading low after Wall Street losses on AI-related worries

by Hansraj Agrawal | Feb 13, 2026 | Share Market

Asia shares were trading mostly lower Friday, tracking sharp Wall Street losses on a sell-off of technology-related stocks that investors fear could lose out from artificial intelligence disruptions. US futures were mostly unchanged.

Tokyo’s Nikkei 225 fell 0.8 per cent to 57,165.13 on Friday, after it passed the 58,000 mark for the first time early Thursday. SoftBank Group, which has a focus on AI, fell 6.8 per cent even as the company reported a quarterly profit Thursday building on its investments in OpenAI, among other gains.

South Korea’s Kospi rose 0.4 per cent to 5,545.49, after crossing 5,500 on Thursday, driven by gains in technology-related stocks. Samsung Electronics, the Kospi’s largest listed company, was up 1.2 per cent.

Hong Kong’s Hang Seng fell 1.8 per cent to 26,547.97. The Shanghai Composite index was down 0.7 per cent to 4,105.04.

In Australia, the S&P/ASX 200 traded 1.4 per cent lower at 8,919.30.

On Thursday, Wall Street saw sharp losses as AI worries dampened sentiment. The S&P 500 fell for its second-worst day since Thanksgiving, dropping 1.6 per cent, or 108.71, to 6,832.76, but it’s still near an all-time high that was set last month. The Dow Jones Industrial Average was down 1.3 per cent, or 669.42, to 49,451.98. The Nasdaq composite lost 2 per cent, or 469.32, to 22,597.15.

American technology giant Cisco Systems sank 12.3 per cent even though it reported better-than-expected quarterly results, as investors were concerned about its ongoing profitability.

Shares of technology company AppLovin plunged 19.7 per cent despite better-than-expected quarterly profits as worries over AI undercutting its business weighed on its stock price.

Fears of AI disruptions across industries in recent days have hit investor confidence in companies, especially in software stocks. Some analysts say uncertainties surrounding the AI disruption risk are likely to go on for a while. Many remained concerned about whether massive AI investments by companies will eventually pay off.

But other analysts are more optimistic. Economists at Capital Economics, for example, argue that they still believe in the AI rally, and that this year will be a “good year” for the S&P 500, building on the technology-led gains.

“Our sense remains that a sustained reversal of tech outperformance would require a big slide in tech itself,” Thomas Mathews, head of markets for Asia Pacific at Capital Economics wrote in a recent note. “We think tech will fare very well.”
For other US stocks, McDonald’s was up 2.7 per cent following stronger-than-expected profits. Walmart gained 3.8 per cent.

Investors and economists are also paying close attention to the US inflation data set to be released Friday, which could impact on the Federal Reserve’s interest rate moves. Some economists expect the likelihood of another rate cut is low for the next few months.

In other dealings early Friday, US benchmark crude oil lost 0.1 per cent to $62.77 a barrel. Brent crude, the international standard, fell less than 0.1 per cent to $67.49 per barrel.

Gold and silver prices gained on Friday. The price of gold – which earlier fell back below $5,000 per ounce – was up nearly 1 per cent to $4,995.80. The price of silver rose 1.4 per cent to $76.72 per ounce.

The US dollar rose to 152.89 Japanese yen from 152.72 yen. The euro was trading at $1.1867, down from $1.1871.

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Desco Infratech receives LoI for pipeline infrastructure works

by Hansraj Agrawal | Feb 13, 2026 | Share Market

Last Updated : Feb 13 2026 | 11:32 AM IST

Feom Bharat Petroleum Corporation

Desco Infratech has received a Letter of Intent (LOI) from Bharat Petroleum Corporation (BPCL) for execution of critical pipeline infrastructure works across multiple states in India.

The LOI encompasses the following key segments:
h – Steel Pipe Laying Works
h – MDPE Pipe Laying Works
h – Last Mile Connectivity Works

The projects are spread across the states of Karnataka, West Bengal, Bihar, Maharashtra, Jharkhand and Tamil Nadu, representing a significant multi-state mandate and strengthening the Companys pan-India operational footprint.

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Feb 13 2026 | 11:32 AM IST

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India's growth potential not reflected in foreign allocations: Amundi

by Hansraj Agrawal | Feb 13, 2026 | Share Market

India’s rising share of global economic growth is not adequately reflected in foreign portfolio or strategic investment flows, the head of macro policy research at Amundi Investment Institute said.

Despite world-beating growth, benign inflation and a clear path toward consolidation of public finances, India has struggled to attract flows as investors ‌pivoted to AI opportunities and remained wary of trade frictions with the US

“The share of Indian equities in global portfolios does not reflect the new era that we see for India in the coming decade,” Amundi Investment Institute’s Didier Borowski, said in an interview in Mumbai.

He leads macro policy research for the institute, the research arm of Europe’s largest asset manager Amundi, which holds $2.7 trillion under management and has a “structural overweight,” view on Indian equities.

Borowski said the case for India was structural, rather than a call for equities to outperform this year, adding that investors building portfolios for the coming decade should include the country.

“There is earnings visibility of ‌domestic demand. You have still a strong demographic dividend in India. And the economy is, thanks to its domestic demand, less sensitive to trade shocks,” he added.

Foreign investors net sold nearly $23 billion of Indian stocks between January 2025 and 2026, pushing allocations to the country to decadal lows. A trade deal with the US, however, has helped draw back some flows over the past 10 days.

In addition to the US, India also recently concluded a trade deal with the European Union. Amundi expects both agreements to bolster foreign direct investment flows into the country.

Rebalancing portfolios, chasing yield

Rising geopolitical risks and ‌concerns over fragmentation in global trade will prompt investors to rebalance portfolios toward opportunities outside advanced economies, Borowski said.

He added that disruption to long-standing investment patterns could also drive diversification, as in ‌the case of US Treasuries which are losing their appeal as a hedge against drawdowns in risk assets, ‌he said.

“Last year, emerging market debt on average was less volatile than the US Treasury market with higher returns. You’ll see more appetite for EM debt looking ahead because the chase for yield ‌will stay there,” Borowski said.

Contrary to the United States and Europe, India’s strong fiscal discipline alongside a stable currency bolster its appeal for fixed income investors, he added, noting that the country’s ‌inclusion in major global bond indexes will supplement capital allocations to the country’s debt markets as well.

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Tusaldah reports standalone net loss of Rs 0.18 crore in the December 2025 quarter

by Hansraj Agrawal | Feb 13, 2026 | Share Market

Last Updated : Feb 13 2026 | 9:36 AM IST

Sales reported at Rs 0.12 crore

Net Loss of Tusaldah reported to Rs 0.18 crore in the quarter ended December 2025 as against net loss of Rs 0.03 crore during the previous quarter ended December 2024. Sales reported to Rs 0.12 crore in the quarter ended December 2025. There were no Sales reported during the previous quarter ended December 2024.

ParticularsQuarter EndedDec. 2025Dec. 2024% Var.Sales0.120 0 OPM %-158.330 –PBDT-0.18-0.03 -500 PBT-0.18-0.03 -500 NP-0.18-0.03 -500

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First Published: Feb 13 2026 | 9:36 AM IST

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Stocks to Watch today: Coal India, SpiceJet, HUL, Biocon, Infosys, IRCTC

by Hansraj Agrawal | Feb 13, 2026 | Share Market

Stocks to watch today, Friday, February 13, 2026: The GIFT Nifty indicates that Indian markets will likely extend losses from the previous session at the open. The futures were quoting at 25,723.50, down 134.70 points or 0.52 per cent as of 7:26 AM.

In the Asia-Pacific region, most share indices declined, mirroring overnight moves on Wall Street as concerns about artificial intelligence (AI) dented risk appetite. Japan’s Nikkei 225 retreated from a record high and was trading 0.9 per cent down. Mainland China’s CSI 300 and Hong Kong’s Hang Seng were trading 0.41 per cent and 1.33 per cent down, respectively.

Bucking the trend, South Korea’s Kospi scaled a fresh high, and Taiwan’s Taiex jumped over 1 per cent as the US signed a trade deal with the country.

Gold and silver prices rebounded on Friday and were trading 1 per cent and 1.2 per cent higher, respectively.

In this backdrop, here’s a list of stocks to watch during today’s session

Q3 Results Today

Akums Drugs and Pharmaceuticals, Alicon Castalloy, Alkem Laboratories, BASF India, Bharat Global Developers, Blue Jet Healthcare, Deccan Gold Mines, Fineotex Chemical, Brainbees Solutions, Fortis Healthcare, Gujarat Mineral Development Corporation (GMDC), Goodluck India, Honda India Power, Indo Count Industries, IFL Finance, Indigo Paints, Inox Green Energy Services, Inox Wind, Ipca Laboratories, IRB Infrastructure Developers, ITI, Jai Corp, Jindal Photo, Jindal Poly Films, CE Info Systems, Info Edge (India), NBCC(India), Ola Electric Mobility, Orient Technologies, Prabhat Technologies (India), Rategain Travel Technologies, Reliance Communication, Shakti Pumps India, Torrent Pharmaceuticals, Vikran Engineers will release their third-quarter results on Friday. IT stocks: IT stocks will be in the spotlight today as shares of Indian technology (IT) companies listed on Wall Street extended their losses, amid rising concerns over AI-driven disruption. The American Depositary Receipts (ADRs) of Infosys Ltd. ended 9.8 per cent lower on Thursday on the New York Stock Exchange, while the Wipro ADR slipped 4.6 per cent.

Biocon: The company reported a sharp surge in net profit, at ₹144 crore, in the third quarter (Q3FY26), up from ₹25 crore in the same quarter a year ago. The revenue was at ₹4,173 crore versus ₹3,821 crore.

Indraprastha Gas: The company reported ₹395 crore net profit in the third quarter (Q3FY26), up from ₹325.42 crore. The revenue was at ₹4,489 crore versus ₹4,142.23 crore.

Indian Railway Catering and Tourism Corporation (IRCTC): The company reported ₹394.33 crore net profit in the third quarter (Q3FY26), up from ₹341.1 crore in the same quarter a year ago. The revenue was at ₹1,449.5 crore versus ₹1,224.7 crore.

Petronet LNG: The company reported ₹845.5 crore net profit in the third quarter of the current financial year (Q3FY26), down from ₹866.6 crore in the same quarter a year ago (Q3FY26). The revenue was at ₹11,163.83 crore versus ₹12,226.9 crore.

Puravankara: The company reported ₹58.34 crore net profit in the third quarter (Q3FY26), compared to ₹92.64 crore loss in the same quarter a year ago. The revenue was at ₹1,069.31 crore versus ₹318.2 crore.

Ingersoll Rand: The company reported ₹71.9 crore net profit in the third quarter (Q3FY26), down from ₹77.7 crore in the same quarter a year ago. The revenue was at ₹455.5 crore versus ₹382 crore.

Inox India: The company reported ₹60.7 crore net profit in the third quarter (Q3FY26), up from ₹58.38 crore in the same quarter a year ago. The revenue was at ₹428.56 crore versus ₹333.62 crore.

Senco Gold: The company reported ₹264 crore net profit in the third quarter (Q3FY26) of the current financial year, up from ₹33.4 crore in the same quarter a year ago. The revenue was at ₹3,071 crore versus ₹2,046 crore.

SpiceJet: The company reported ₹262 crore net loss in the third quarter of the current financial year (Q3FY26), compared to ₹202.7 crore net profit reported in the same quarter last year. The revenue was ₹1,345.5 crore, compared to ₹1,178.7 crore in the previous year.

Mishra Dhatu Nigam: The company reported ₹27.64 crore net profit in the third quarter (Q3FY26), up from ₹25.52 crore net profit reported in the same quarter a year ago. The revenue was at ₹275.65 crore versus ₹237.96 crore.

Infosys: The company expanded its strategic collaboration with ExxonMobil to develop and deploy its suite of ‘ExxonMobil™ Data Centre Immersion Fluids’, according to the exchange filing.

Natco Pharma: The company will incorporate a new subsidiary named NATCO Pharma Chile SPA based in the South America, with an investment of up to $3000,000, the company said in the exchange filing.

Mahindra & Mahindra: The company is expanding its advanced research and development centre and additional testing facilities at Mahindra Research Valley (MRV) in Chennai with ₹196 crore investment, according to a Business Standard report.

AU Small Finance Bank: The Reserve Bank of India approved the re-appointment of Sanjay Agarwal as managing director and CEO of the bank for a period of three years, with effect from April 19.

Wipro India: The company is giving a raise in remuneration to its employees from March 1, Business Standard reported.

Godawari Power & Ispat: The company received approval from the Chhattisgarh Environment Conservation Board to enhance the capacity of Banded Magnetite Quartz Beneficiation Plant, the company said in the exchange filing.

eMudhra: The company has entered into an agreement with LankaPay to build Sri Lanka’s national digital signature ecosystem.

GAIL India: Deepak Gupta has been appointed as the chairman and managing director of the company till Feb. 28, 2029.

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