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    CCI approves proposed acquisition of certain shareholding (on a fully diluted basis) of Haldiram Snacks Food Pvt Ltd by L. Catterton India Fund
    CCI approves subscription to 15.01% equity shareholding of Ambit Wealth Private Limited (Target) by Daiwa International Holdings Inc. (Acquirer)
    CCI approves acquisition of certain shareholding of Aadhar Housing Finance Limited (Target) by AXDI LDII SPV 1 LTD (Acquirer)
    Union Budget 2026–27 Drives Passenger-Centric Railway Modernisation, Enhanced Safety, and All-Round Regional Development
    India will lower tariffs on wide array of US industrial, agricultural goods to zero per cent: USTR Greer
    EAM meets US Treasury Secretary Bessent; discusses economic partnership, strategic cooperation
    Jaishankar, Rubio welcome trade deal; discuss energy, nuclear, defence, critical minerals
    Palestinians wait at Gaza-Egypt border as uncertainty clouds reopening of Rafah crossing
    Iran's president seeks 'fair and equitable' negotiations, while US shoots down drone
    Trump signs bill to end partial government shutdown, setting stage for next fight
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    US shoots Iranian drone as Iran's president seeks 'fair and equitable negotiations'
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    UP: Five arrested for GST fraud, Rs 7.03 crore revenue loss unearthed in Etawah
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February 4, 2026
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Proposed acquisition of Haldiram Snacks shareholding by L. Catterton India Fund received regulatory approval today.
Approval was granted for the acquisition of certain fully diluted shareholding of Haldiram Snacks Food Private Limited by L. Catterton India Fund, a scheme of L. Catterton India Trust classified as a Category II Alternative Investment Fund; the Target and its affiliates manufacture and sell packaged food products including snacks, sweets, ready to eat, dairy, bakery, chocolates and non carbonated ready to drink beverages, and a detailed regulatory order will follow.
February 4, 2026
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Daiwa to subscribe 15.01% equity in Ambit Wealth; regulatory approval granted by foreign intermediary investor.
Approval has been granted for a subscription to 15.01% equity shareholding in Ambit Wealth Private Limited by Daiwa International Holdings Inc., structured as a minority equity subscription calculated on a fully diluted basis; the Acquirer is a Japan incorporated intermediary management holding company and the Target is a subsidiary engaged in wealth management services.
February 4, 2026
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Acquisition of Aadhar Housing Finance 10.04% stake by AXDI LDII SPV 1 Ltd from BCP Topco VII approved.
Approval is recorded for the acquisition by AXDI LDII SPV 1 Ltd, an Abu Dhabi Global Market special-purpose vehicle, of a specified minority shareholding in Aadhar Housing Finance Limited from BCP Topco VII Pte. Ltd. Aadhar Housing Finance is a listed housing finance company registered with the National Housing Bank and registered as a corporate agent for insurance distribution; a detailed order will follow.
February 4, 2026
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High-speed rail investments and freight corridors in the 2026-27 budget aim to transform passenger travel and logistics efficiency.
The Union Budget 2026-27 increases capital allocations to accelerate network modernisation focused on high-speed connectivity, widespread electrification, station redevelopment, passenger safety upgrades and a 40 km underground, four line corridor linking the North East, alongside dedicated freight corridors to separate goods traffic and support a 3,000 million tonne freight loading objective.
February 4, 2026
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US-India trade deal cuts most Indian tariffs to 0% and lowers US tariff to 18%, expanding market access and standards recognition.
India will cut tariffs on a broad range of US industrial and agricultural products to zero for the vast majority of lines while retaining protection for certain sensitive sectors; the US will lower its reciprocal tariff on Indian imports to 18%. The agreement establishes a process to address non tariff technical barriers and to recognise certain US regulatory standards, and contemplates increased US exports of energy, technology and agricultural goods alongside sectoral exemptions and monitoring of energy sourcing.
February 4, 2026
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India-US trade deal reduces reciprocal tariffs and advances cooperation on supply chains and critical minerals.
Jaishankar and Bessent discussed advancing the bilateral economic partnership and strategic cooperation with emphasis on securing supply chains and operationalising cooperation on critical minerals. The talks were framed by a trade understanding to reduce reciprocal US tariffs on India from 25 per cent to 18 per cent and included discussion of aligning tariff and sanction-related policies affecting energy purchases and geopolitical considerations.
February 4, 2026
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India US cooperation on critical minerals and a reciprocal trade tariff reduction were welcomed and advanced.
India and the United States welcomed a reciprocal trade agreement and agreed to convene early meetings of mechanisms to operationalise cooperation on trade, energy, nuclear, defence and technology. They emphasised formalising bilateral cooperation on critical minerals exploration, mining and processing and committed to expanding bilateral and multilateral cooperation through the Quad. The inaugural Critical Minerals Ministerial aims to strengthen and diversify critical minerals supply chains to support technological innovation, economic resilience and national security.
February 4, 2026
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Rafah crossing reopened under security conditioned transit, allowing few medical evacuations while barring humanitarian imports.
The Rafah reopening established a security conditioned transit regime: Israel and Egypt jointly vet and screen small cohorts of medical evacuees and returnees, enforce strict baggage and escort rules, and prohibit importation of humanitarian goods, producing significant delays and throughputs far below announced allowances and limiting humanitarian access despite international calls to open the crossing as a functional humanitarian corridor.
February 4, 2026
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Iran-US negotiations sought amid a US shootdown of an Iranian drone and maritime security incidents.
Iran directed its foreign minister to seek negotiations with the United States while a US jet shot down an Iranian Shahed-139 drone near a carrier. Talks, tentatively supported by regional hosts such as Turkey and Oman, are expected to begin indirectly and focus on the nuclear issue, moving to direct talks if a deal becomes attainable. Concurrent maritime incidents, including alleged harassment of a US-flagged merchant vessel and US escort response, highlight security risks affecting the diplomatic process.
February 4, 2026
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Federal funding bill signed, ending a partial shutdown and temporarily funding Homeland Security for two weeks pending immigration talks.
President signed a roughly $1.2 trillion appropriations package that ends a brief partial federal shutdown by funding most agencies through September 30 while leaving Department of Homeland Security funding in place only for a two week period to compel further negotiations over immigration enforcement.
February 4, 2026
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EAM Jaishankar meets US Sec. of State; US-India agreement reduces reciprocal tariff from 25% to 18%.
External Affairs Minister S. Jaishankar met U.S. Secretary of State Marco Rubio in Washington before a Critical Minerals Ministerial, with Jaishankar holding additional meetings with senior U.S. officials. Concurrently, it was announced that India and the United States agreed to a trade arrangement reducing the reciprocal tariff from 25% to 18%.
February 4, 2026
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US-Iran tensions: planned talks risk collapse after US shoots down Iranian drone near carrier and maritime harassment.
Iran's president instructed the foreign minister to pursue fair and equitable negotiations with the United States, with Turkey and regional states positioned to facilitate talks; US officials acknowledged planned discussions but contemporaneous military incidents - an F-35C shooting down an Iranian Shahed-139 drone near a carrier and IRGC harassment of a US-flag merchant vessel - complicate scheduling and political willingness. Negotiation scope is contested, with US/Israeli demands on Iran's nuclear programme and Iranian advisers proposing phased, nuclear-focused indirect talks.
February 4, 2026
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House passage of $1.2 trillion spending package to end partial government shutdown; DHS funding extended short term.
The House passed a roughly $1.2 trillion appropriations package, 217-214, funding 11 of 12 annual bills through September 30 and sending the measure to the President, who has said he will sign it; the package includes a short-term funding patch for the Department of Homeland Security through February 13 while lawmakers negotiate changes to Homeland Security funding and enforcement operations.
February 4, 2026
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Fraudulent property sale: excise official arrested for using forged allotment letter to register and sell a Gurugram plot.
An excise department official is accused of obtaining a fake allotment letter and, in collusion with developer employees, registering a conveyance deed on that basis to transfer and sell a Gurugram plot; an FIR names multiple accused, bail was rejected for some, and the official was arrested to be presented for police remand in the ongoing criminal investigation into property fraud and forgery.
February 4, 2026
Show AI Summary
House passes $1.2 trillion appropriations package to end partial government shutdown; DHS funding remains contested.
A House-passed roughly $1.2 trillion appropriations package (217-214) funds 11 of 12 annual appropriations bills, ending a partial government shutdown by financing most federal operations through the fiscal year and leaving Department of Homeland Security funding unresolved amid demands for enforcement restrictions.
February 4, 2026
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Helicopter technical snag delays Maharashtra minister's campaign flight; regulator grounded the Agusta 109 pending rectification of rotor link issue.
A post flight inspection by an Aircraft Maintenance Engineer revealed excessive play in the pitch operating link rod of a main rotor blade on an Agusta 109. The defect was flagged, the helicopter was not released for further flights, the operator informed the chartering agency, and subsequent sorties were cancelled pending rectification; the regulator issued a precautionary grounding note.
February 4, 2026
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Iran-US negotiations: Iran's president orders foreign minister to pursue fair, conditional talks amid rising tensions.
The president instructed the foreign minister to pursue fair and equitable negotiations with the United States provided a suitable environment free from threats and unreasonable expectations; talks, potentially facilitated by regional states, would initially be indirect, focus solely on nuclear issues, and face complicating security incidents such as the U.S. shooting down an Iranian drone and substantive disputes over uranium enrichment and related demands.
February 4, 2026
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Suspended Lok Sabha MPs barred from House access and allowances during suspension period and committee participation.
Suspension excludes members from entering the chamber, lobbies and galleries; from committee sittings; from listing business or tabling notices; and from voting in committee elections during the suspension period, and suspensions covering the remainder of a session also forfeit entitlement to daily allowance because the stay cannot be regarded as residence on duty.
February 3, 2026
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GST fraud uncovered in Etawah: shell firms issued fake invoices to illegally generate and transfer input tax credit, triggering a probe.
An organised racket in Etawah allegedly used shell firms and fake tax invoices to generate and transfer input tax credit without supply, causing an estimated Rs 7.03 crore GST revenue loss; a special team analysed call data, GST portal activity, banking transactions and questioned accountants to trace registrations, commissions paid for passing on illegal input tax credit, and follow the money trail.
February 3, 2026
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NABARD priority sector credit potential for Jammu and Kashmir: Rs 49,795.58 crore aims at last mile inclusion.
NABARD projects Rs 49,795.58 crore as priority sector credit potential for Jammu and Kashmir for 2026-27 and positions the Potential Linked Plan (PLP) as the guiding instrument to direct credit flow. The strategy prioritises last mile inclusion, universal Kisan Credit Card coverage, a shift to commercially viable agriculture through infrastructure, processing and term lending, strengthening FPOs and Rural MSMEs, and sectoral support for horticulture, handloom and handicrafts, wool processing, fisheries, and decentralised tourism, supported by collaborative planning and delivery tools like micro ATMs.

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Customs & Trade

Spin doctors at work but still no details on India-US deal€™: Congress

February 4, 2026

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New Delhi, Feb 4 (PTI) Attacking the government over the India-US trade deal, the Congress on Wednesday said spin doctors are at work, but any details on it have still not been shared, although it is clear that India has made concessions on liberalising imports of agricultural items.

US President Donald Trump on Monday said India and the US agreed to a trade deal. On his part, Prime Minister Narendra Modi said he was delighted that "made in India products will now have a reduced tariff of 18 per cent".

Commerce and Industries Minister Piyush Goyal, in a news conference on Tuesday, had said a joint statement will be issued by both countries "shortly", which will have details of the pact.

Congress general secretary in-charge communications Jairam Ramesh said, "36 hours have passed since President Trump said the India-US trade deal was being announced and coming into effect immediately at Mr. Modi's request".

"Spin doctors are at work, but we still don't have any details on the deal - although it is clear that India has made concessions on liberalising imports of agricultural items. There is not even a joint statement," Ramesh said on X.

"It is absolutely clear that Mr. Modi pushed through the announcement. Why? There are at least three reasons..," he added.

His remarks come a day after the Congress demanded that the Modi government should take Parliament into confidence on the details of both the EU and US trade deals, while alleging that Prime Minister Modi has "completely surrendered to appease" US President Trump at the cost of India's farmers.

Congress leader Rahul Gandhi had alleged that Prime Minister Modi buckled under US pressure to finalise a trade deal and sold out the hard work of the Indian farmers through the agreement.

In a post on X, Gandhi charged, "PM Modi is Compromised. PM is too afraid to let me speak in Parliament about Naravane, Epstein Files and how he has surrendered on Tariffs." Hitting back at the Congress and Gandhi, BJP MP Anurag Thakur asked whether the Congress and others in the opposition are for India's interest. PTI ASK DV DV DV

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