Prime Minister highlights role of budget in driving inclusive growth and strengthening India's position in global economy

Prime Minister highlights role of budget in driving inclusive growth and strengthening India's position in global economy


Prime Minister Narendra Modi shared his perspectives on a wide range of issues shaping Indias economic and developmental trajectory. The Prime Minister spoke about this years Union Budget, highlighting its role in driving inclusive growth and strengthening Indias position in the global economy. He emphasized the momentum of the Reform Express, underscoring the Governments commitment to structural reforms that enhance transparency, efficiency, and competitiveness.

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First Published: Feb 16 2026 | 1:05 PM IST



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Prime Minister highlights role of budget in driving inclusive growth and strengthening India's position in global economy

KFin Tech climbs after Q3 PAT rises 2% YoY to Rs 92 cr


KFin Technologies rallied 5.53% to Rs 1,021.60 after the company’s consolidated net profit increased 2.02% to Rs 91.99 crore on 27.88% jump in revenue from operations to Rs 370.87 crore in Q3 FY26 over Q3 FY25.

Profit before exceptional items and tax rose 9.56% YoY to Rs 133.76 crore in Q3 FY26. The company reported exceptional loss of Rs 8.55 crore due to the impact of the new labour code.

EBITDA stood at Rs 151.62 crore, up 16.1% YoY, EBITDA margin reduced to 40.9% as against 45.0% in Q3 FY25. Revenue from value added services (VAS) stood at Rs 25.20 crore, registering the growth of 11.5% YoY.

 

Asset under management (AUM) jumped 30.9% YoY to Rs 1,80,000 crore. Cash and Cash equivalents stood at Rs 507.27 crore as on 31st December 2025.

Sreekanth Nadella, managing director and CEO, KFin Technologies, said, KFintech continues to deliver yet another strong quarter, reinforcing the strength of our diversified business model amidst uncertain global macro environment. We witnessed strong growth in revenue and profitability across our line of businesses, supported by new deal wins, differentiated service excellence, and strong operational control.

During the quarter, we have made significant strides in our joint efforts to integrate with Ascent Fund Services and have seen fast progress in terms of business synergies. It is exciting to see Ascents flagship EKYC, AML, CFT compliance platform, OneConstellation, being selected by one of the largest multinational banks as their global investor onboarding and compliance platform, reinforcing Ascents commitment to combine fund administration with institutional-grade RegTech infrastructure.

KFintechs maiden pension administration platform deal from one of the largest banks in the Philippines validates our multi-geography strategy and platform strength. As we look forward, we remain focused on our integration plan, disciplined execution, harnessing technology to enhance operating leverage, and capturing emerging opportunities across geographies to deliver sustainable growth, profitability, and cash flows for all stakeholders.

KFin Technologies (KFintech) is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions, including transaction origination and processing for mutual funds and private retirement schemes to global asset managers across 18 jurisdictions.

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Prime Minister highlights role of budget in driving inclusive growth and strengthening India's position in global economy

Fabtech Tech secures $7.05 million order from West Africa


Fabtech Technologies has announced that it has secured an order worth $7.05 million (approximately Rs 63.6 crore) from a company based in West Africa.

According to an exchange filing, the contract involves the supply, installation, and commissioning of infrastructure for an Oral Solid Dosage (OSD) facility.

The project is scheduled to be executed within 2327 months from the date of receipt of the advance payment. The company stated that it received the order on 14 February 2026.

Fabtech Technologies Cleanrooms (FTCL) is an India-focused cleanroom infrastructure company, offering in-house manufactured modular partitions, HVAC, and MEP systems for pharma, biotech, semiconductor, and green energy sectors.

 

The companys consolidated net profit declined 37.83% to Rs 3.32 crore despite of 23.03% increase in revenue from operations to Rs 76.18 crore in H1 FY26 over H1 FY25.

The counter shed 0.53% to Rs 160.55 on the BSE.

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First Published: Feb 16 2026 | 11:05 AM IST



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Prime Minister highlights role of budget in driving inclusive growth and strengthening India's position in global economy

Vikran Engg slips after Q3 PAT tumbles 38% YoY to Rs 21 cr


Vikran Engineering declined 7.09% to Rs 79.83 after the company reported a 37.9% decline in standalone net profit to Rs 20.91 crore on a 0.5% rise in net sales to Rs 266.46 crore in Q3 FY26 as compared with Q3 FY25.

Profit before tax (PBT) fell 42.9% YoY to Rs 25.92 crore in Q3 FY26.

During the quarter, total expenses increased 11.19% to Rs 245.83 crore in Q3 FY26 compared with Rs 221.09 crore in Q3 FY25. Cost of material consumed stood at Rs 69.78 crore (down 50.92% YoY), project-related expenses were at Rs 121.34 crore (up 293.96% YoY), employee benefit expenses stood at Rs 20.92 crore (up 7.67% YoY), and finance cost was at Rs 13.06 crore (down 35.76% YoY) during the period under review.

 

The companys consolidated order book surged 146% YoY to over Rs 4,987 crore as of 31 December 2025, from Rs 2,027 crore a year ago, providing strong revenue visibility for the next two years. The company has also incorporated a Special Purpose Vehicle (SPV), Vikran MP Solar.

Rakesh Markhedkar, chairman & managing director of Vikran Engineering, said, FY26 marks a pivotal year for Vikran Engineering as we significantly strengthened our presence in the Solar EPC segment. The large-format solar orders secured during the year have materially enhanced our revenue visibility, with our consolidated order book now exceeding Rs 4,700 crore as of 13th February 2026.

While margins during the period reflect execution ramp-up and project mix dynamics, we expect operating leverage benefits to play out as solar projects move into advanced execution phases. With a strong pipeline across Power T&D, Solar, and Water, and a clear focus on disciplined bidding and risk management, we are positioning Vikran Engineering for scalable and sustainable growth. We are also actively evaluating opportunities in select international markets, particularly in Africa and the Middle East, to diversify our growth trajectory.

Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure.

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Prime Minister highlights role of budget in driving inclusive growth and strengthening India's position in global economy

Supraneet Finance & Consultants reports standalone nil net profit/loss in the December 2025 quarter


Sales rise 28.57% to Rs 0.09 crore

Supraneet Finance & Consultants reported no net profit/loss in the quarter ended December 2025 and during the previous quarter ended December 2024. Sales rose 28.57% to Rs 0.09 crore in the quarter ended December 2025 as against Rs 0.07 crore during the previous quarter ended December 2024.

ParticularsQuarter EndedDec. 2025Dec. 2024% Var.Sales0.090.07 29 OPM %11.1114.29 PBDT0.010.01 0 PBT00 0 NP00 0

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First Published: Feb 16 2026 | 9:05 AM IST



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Prime Minister highlights role of budget in driving inclusive growth and strengthening India's position in global economy

Ashoka Buildcon bags $45.28 Mln Intl road project in West Africa


Ashoka Buildcon said that it has received letter of award (LoA) from an international entity for upgrading the road in Republic of Liberia, West Africa.

The company has been awarded the project from Ministry of Public Works, Liberia, for the upgradation of road stretches from Nrowkia (Sasstown Junction) to Barclayville, Nrowkia (Sasstown Junction) to Sasstown, and part of the Nrowkia (Sasstown Junction) to Nipleppo road in the Liberia.

The said project is valued at $ 45,276,621.07. The construction work is scheduled to be completed within a period of 24 months.

Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads.

 

The companys consolidated net profit zoomed 222.59% to Rs to Rs 2,111.41 crore in Q3 FY26 as against Rs 654.50 crore posted in Q3 FY25. Revenue from operations fell 23.47% YoY to Rs 1,827.33 crore in the quarter ended 31 December 2025.

The counter declined 4.26% to settle at Rs 151.75 on the BSE.

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First Published: Feb 16 2026 | 8:04 AM IST



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