Centre Releases Rs 1,275.86m Grants To Tamil Nadu Panchayats
NPCI And Nvidia To Build Sovereign AI Layer For Payments
At the India AI Impact Summit 2026, the National Payments Corporation of India (NPCI) outlined a wider push to create a payments-native, sovereign artificial intelligence layer for the country's digital payments infrastructure. The organisation announced on 18 February a collaboration with Nvidia to scale in-house AI work and to build on the recent launch of the Finance Model for India (FiMI), a domain-specific language model developed for the payments ecosystem. The initiative is presented as part of a strategy to balance innovation with regulatory and data sovereignty needs. FiMI was develop..
Cement Demand Revives As Prices Decline In Q3 FY26
A report by Nuvama Financial Services (Nuvama) said cement sector demand revived in the third quarter of fiscal year twenty twenty six as prices declined, supporting volume growth across regions. The note indicated that sequential price correction helped replenish demand that had been subdued by elevated pricing earlier in the year. Nuvama quantified the price decline as a sequential correction that varied across states and segments, facilitating restocking by merchants and traders. The report suggested that improved affordability after the price correction encouraged housing and infrastructur..
Coal India Launches CoalSETU Window For Transparent Coal Auctions
Coal India has introduced the CoalSETU (Seamless, Efficient and Transparent Utilisation) window under its Non-Regulated Sector Linkage Auction Policy to enable seamless, efficient and transparent utilisation of coal by eligible domestic industrial users. The facility permits industrial plants including cement, sponge iron, steel and independent washery operators to bid for coal linkages for internal consumption, for coal washing operations or for export, while explicitly excluding traders from participation. CoalSETU will operate on a first-price sealed-bid electronic auction platform where pr..

