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    European Union, Mercosur bloc of South American nations sign landmark free trade agreement
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January 18, 2026
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EU Mercosur free trade agreement: phased tariff elimination, agricultural quotas, environmental conditions, and pending EU ratification.
The EU and Mercosur signed a free trade agreement providing for the progressive elimination of more than 90% of tariffs via staggered timelines, establishing strict quotas for sensitive agricultural imports, coupling market access with environmental and production-related regulatory conditions, and including subsidy and safeguard measures for affected agricultural sectors; final entry into force is contingent on EU parliamentary ratification while Mercosur ratification faces broad regional support.
January 18, 2026
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Minneapolis immigration crackdown spurred National Guard mobilization, judicial limits on detaining peaceful observers, and contested re-arrest procedures.
Federal immigration enforcement in Minneapolis prompted mobilization of the National Guard to support state patrol duties while remaining staged, amid daily protests over aggressive federal entries and arrests. A federal judge barred officers from detaining or tear-gassing peaceful observers not obstructing operations. The case of Garrison Gibson-subject to an order of supervision-illustrates procedural challenges where a judge found inadequate notice of supervision revocation and ordered his return pending further proceedings.
January 18, 2026
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Tariffs on eight European countries are proposed as leverage over Greenland, citing national security and emergency economic powers.
A presidential announcement imposing a 10 percent tariff (rising to 25 percent if no purchase deal is reached) on imports from eight European countries uses trade measures as leverage over Greenland, invoking potential reliance on emergency economic powers and raising questions about executive authority, applicability against an EU single economic zone, and risks to transatlantic relations and alliance cooperation.
January 18, 2026
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Greenlanders protest threats to sovereignty as US proposes tariffs and discusses acquiring Greenland, asserting self-governance.
Mass protests asserted the island's self-governance and sovereignty in response to a foreign leader's overtures about acquiring the territory, and respondents framed an announced 10% import tax as potential economic coercion intended to punish opposition and influence allied states, highlighting tensions between trade measures and territorial claims.
January 17, 2026
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IndiGo flight disruptions: DGCA levies Rs22.2 crore penalties and orders Rs50 crore bank guarantee linked reform scheme.
DGCA imposed Rs 22.20 crore in penalties on IndiGo for operational failures linked to over optimisation, inadequate preparedness, software deficiencies and shortcomings in management and operational control, and ordered a Rs 50 crore bank guarantee under the IndiGo Systemic Reform Assurance Scheme (ISRAS), with phased release contingent on DGCA verified reforms in leadership and governance, rostering and fatigue risk management, digital systems resilience, and board level oversight.
January 17, 2026
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Punjab accelerates potash exploration to cut import dependence, approving new surveys and 15 drilling sites.
Punjab directed accelerated potash exploration to cut import dependence, reviewing completed G4 stage work in Qabarwala and Shergarh-Dalmirkhera, proposing reconnaissance in Kera-Khera and Saiyadwala, and preliminary exploration in Kandhwala-Ramsra with 15 drilling sites; about 50 square kilometres of the evaporite basin have been identified for detailed geophysical exploration.
January 17, 2026
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EU-Mercosur free trade agreement signed, strengthening commercial ties amid global protectionism and geopolitical and resource competition.
Signature of a free trade agreement between the European Union and the Mercosur bloc concludes protracted negotiations and establishes a legal framework to deepen commercial ties by expanding market access, reducing barriers, and responding to rising global protectionism through codified trade liberalization commitments.
January 17, 2026
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Odisha investment roadshow secures around Rs 1 lakh crore in memoranda of understanding and intent proposals.
Odisha secured around Rs 1 lakh crore in collective investments through a Kolkata investor outreach, yielding 27 Memoranda of Understanding for Rs 81,864 crore and 19 investment intent proposals for Rs 18,453 crore across manufacturing, metals, chemicals, textiles, pharmaceuticals and renewable energy after roughly 130 sector-specific meetings with over 500 business participants.
January 17, 2026
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IndiGo fined Rs22.2 crore and ordered to post Rs50 crore guarantee tied to phased systemic safety reforms and warnings.
The aviation regulator imposed Rs 22.20 crore in one-time financial penalties on IndiGo for failures to implement Flight Duty Time Limitation requirements and related rostering, fatigue management, and operational-control arrangements, and directed a Rs 50 crore bank guarantee under a Systemic Reform Assurance Scheme. The bank guarantee's phased release is contingent on DGCA-verified reforms addressing leadership and governance, manpower planning, rostering and fatigue-risk management, digital systems and operational resilience, and board-level oversight, with independent verification required at each stage.
January 17, 2026
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Tariffs on eight European countries announced: 10% from February, rising to 25% if Greenland sale not secured.
Announcement imposes a 10 per cent import tariff from February on goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, rising to 25 per cent on June 1 unless a deal is reached for the Complete and Total purchase of Greenland, linking tariff escalation to the status of territorial acquisition negotiations.
January 17, 2026
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Delcy Rodri guez is a long-running DEA priority target linked to allegations of drug trafficking and money laundering.
Delcy Rodri guez has been under sustained DEA scrutiny since at least 2018 and was elevated to a priority target in 2022, based on intelligence alleging links to drug trafficking, money laundering via Isla Margarita hotels, gold smuggling, and corrupt government contracting tied to intermediaries like Alex Saab; records show multi-office investigations by the DEA's Special Operations Division, reliance on confidential informants, ongoing inquiries, and that the priority target designation does not itself constitute public criminal charges.
January 17, 2026
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Greenland faces US threats of takeover and tariffs; Denmark affirms sovereignty and increases military and diplomatic measures.
Threats by the US President to assert control over Greenland and to impose tariffs on allies prompted political and security responses emphasizing sovereignty and alliance obligations. Denmark increased military presence, planned NATO Arctic training, and cited Danish rules of engagement to deter unilateral action. Meetings between Danish, Greenlandic and US officials agreed to form a working group, while congressional statements urged de escalation and affirmed that decisions on Greenland's status are for Denmark and Greenland alone.
January 17, 2026
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SRS promoters declared fugitive economic offenders; assets to be subject to confiscation under the Fugitive Economic Offenders Act.
Two promoters and directors of an SRS real estate group were declared Fugitive Economic Offenders under section 12(1) of the Fugitive Economic Offenders Act, 2018 after failing to appear despite service of summonses under section 10; Interpol red notices were issued and the Enforcement Directorate will move to confiscate their assets. The declaration arises from allegations of investor fraud and money laundering involving funds routed through numerous shell companies, multiple FIRs, and a prior ED chargesheet and court framing of charges against several promoters, executives and companies.
January 17, 2026
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IndiGo fined Rs22.2 crore; regulator also demanded Rs50 crore bank guarantee after widespread flight cancellations.
DGCA imposed a Rs 22.20 crore penalty on IndiGo for December flight cancellations caused by inadequate preparation to implement new flight duty norms, warned the airline chief and two senior executives, required a Rs 50 crore bank guarantee to ensure compliance and systemic correction, and relied on a four member committee report assessing the disruptions.
January 17, 2026
Show AI Summary
SRS Group investor fraud led to two executives declared fugitive economic offenders and assets targeted for confiscation.
Two SRS Group executives were declared Fugitive Economic Offenders under section 12(1) of the Fugitive Economic Offenders Act after failing to appear under summons pursuant to section 10; the designation follows allegations of investor and homebuyer fraud of about Rs 2,200 crore and related money laundering through shell companies, and enables the Enforcement Directorate to move to confiscate the accused's assets under the Act.
January 17, 2026
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High Seas Treaty requires countries to create Marine Protected Areas, conduct environmental impact assessments, and build capacity.
The High Seas Treaty establishes a binding framework to create Marine Protected Areas on the high seas and imposes immediate obligations: states must cooperate on ocean science and technology, support developing states through capacity-building, require companies to perform environmental impact assessments for activities that could harm marine life, and notify and share research on commercially relevant ocean organisms; states must also promote the treaty's conservation goals in other international fora.
January 17, 2026
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Digital arrest scam: elderly man duped of Rs 40 lakh after scammers threatened 'digital arrest'.
Scammers impersonated courier and cyber cell officials, alleged drugs in a parcel and used digital arrest threats to obtain bank details and procure a transfer of Rs 40 lakh; an FIR was filed under the Bharatiya Nyaya Sanhita and the Information Technology Act, and cyber investigations are ongoing.
January 17, 2026
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Hydroponic weed seized at Mumbai airport; 61 kg recovered and suspects booked under the Narcotic Drugs and Psychotropic Substances Act.
Customs operations between January 9 and 16 seized 61 kg of hydroponic weed in 16 cases-including concealment in life vest packets and multiple seizures from passengers arriving from Bangkok-valued at about Rs 61 crore, and the suspects were booked under the Narcotic Drugs and Psychotropic Substances Act; concurrent seizures included undeclared 24 karat gold, diamonds and foreign currency.
January 17, 2026
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Trade: US lawmakers urge lower Indian tariffs on pulse crops; US sentences man for illegal export of aviation parts.
US lawmakers urged the President to seek lower Indian tariffs on pulse crops to address competitive disadvantages for American producers, while a separate enforcement action saw an Indian national sentenced to 30 months in US custody for conspiring to export controlled aviation components to Russia, illustrating criminal enforcement of export control regulations.
January 17, 2026
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HDFC Bank posts profit growth driven by non-interest income, lower provisions, and capital adequacy resilience.
HDFC Bank's quarter saw profit rise driven by non-interest income and lower provisions, with NPAs declining though agricultural stress raised third quarter ratios; the new labour codes caused an Rs 800 crore expense impact, and the bank maintained robust capital adequacy (total 19.9%, tier I 17.8%) while adjusting credit mix and branch footprint.

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ASME Foundation India (AFI) Launches EFx® India 2026 in Jaipur, Preparing Future Engineers for Interdisciplinary Skills

January 17, 2026

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JAIPUR, India - ASME Foundation India (AFI) launched EFx® India 2026, its national engineering festival, in Jaipur. The three-day event, being held from January 16 through 18, brings together 700+ engineering students from across India for innovation, hands-on learning, and real-world problem-solving. The event has drawn participation from engineering students representing 19 states, including Kerala, Odisha, Delhi NCR, Telangana, and Uttar Pradesh. EFx India 2026 aims to prepare future-ready engineers through hands-on workshops, industry-aligned challenges, and problem statements rooted in real-world applications, while promoting interdisciplinary thinking aligned with the evolving needs of the engineering ecosystem.

The focus of American Society of Mechanical Engineers (ASME) on interdisciplinary engineering is one of the key highlights of the festival, showcased through a workshop titled “Robotics in the Age of AI: Moving from Automation to Autonomy.”The session focuses on the role of artificial intelligence in robotics and autonomous systems and serves as a thematic lead-in to ASME India’s national conference, the International Mechanical Engineering Congress and Exposition® (IMECE India 2026), scheduled to be held in September 2026 in Chennai.

Speaking on the vision behind the initiative, Mr. Madhukar Sharma, President & Director, ASME India Pvt Ltd, said, “For India to truly evolve from a service economy into a global ‘Product Nation,’ we must move beyond ‘Make in India’ to ‘Design in India.’ ASME EFx India 2026 is the platform where this transformation begins. ASME is empowering a new generation of engineers who possess the multidisciplinary skills and innovation mindset required to solve real-world challenges — from sustainable mobility to autonomous systems.” Adding to this, Dr. Rahul Banerjee, Director, LNMIIT Jaipur, said,"ASME has a remarkable history, nurturing engineers and transforming lives by its technical offerings. EFx India is designed to foster creativity and innovation. I wish all students a wonderful experience of the festival and most importantly to observe everything. As problem-solving begins with observing, and this festival prepares students for the next steps in their engineering career." One of the event’s key focus areas is Women in Engineering (WIE), highlighted through “Gear Up FEME — Where Her Ideas Take Shape,” a women-only engineering challenge led by ASME Women in Engineering. The initiative features a four-hour CAD and simulation challenge designed to test creativity, precision, and problem-solving skills under time constraints.

Highlighting the initiative, Ms. Avni Malhotra, Deputy Director, ASME Foundation India, said, “True innovation requires a diversity of hearts and minds. Through ASME Foundation India, we are committed to unlocking that potential in every student. ‘Gear Up FEME’ is a challenge that proves women belong at the forefront of design engineering.” EFx India 2026 also features competitive challenges focused on real-world applications, including sustainable energy and mobility solutions. GAIL (India) Limited, an official sponsor of the event, is supporting student innovation through hands-on engineering competitions.

Sharing his perspective, Mr. Sanjay Chauhan, Chief General Manager, GAIL (India) Limited, Jaipur, said, “I welcome the opportunity to partner with EFx India 2026, where India’s brightest engineering minds pioneered sustainable energy solutions through hands-on competitions like the E-human-powered vehicle challenge. The women-only CAD challenge, Gear Up FEME, sharpens design, analysis, and innovation skills while amplifying our push for diversity and a sustainable future. ASME competitions blend multidisciplinary engineering into real-world prototyping, instilling teamwork, project management, and innovation skills that employers demand.” The event has drawn participation from academicians and industry professionals representing institutions and organisations such as IIT Ropar, Boeing, Giesecke & Devrient, and Siemens Energy India, providing opportunities for interaction between academia and industry. EFx India 2026 is supported by official sponsors GAIL and The Welding Institute (TWI) India, strengthening industry engagement and practical exposure for participating students.

With its focus on innovation, inclusion, and experiential learning, EFx India 2026 seeks to strengthen engagement between academia and industry while supporting the development of future engineers, contributing to India’s journey toward becoming a global hub for engineering design and innovation.

About ASME ASME helps the global engineering community develop solutions to real world challenges. Founded in 1880 as the American Society of Mechanical Engineers, ASME is a not-for-profit professional organization that enables collaboration, knowledge sharing, and skill development across all engineering disciplines, while promoting the vital role of the engineer in society. ASME codes and standards, publications, conferences, continuing education, and professional development programs provide a foundation for advancing technical knowledge and a safer world. In 2020, ASME formed the International Society of Interdisciplinary Engineers (ISIE) II & III LLC, a new for-profit subsidiary to house business ventures that will bring new and innovative products, services, and technologies to the engineering community. For more information, visit asme.org.

Media Contact from ASME: Hena Jafri ASME India [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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