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February 4, 2026
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Syria offshore oil deal with Chevron and Qatari investor establishes framework for joint exploration and foreign investment.
A memorandum of understanding between Syria's state-owned petroleum company, Chevron, and Power International Holding creates a framework for joint offshore exploration and development in Syria's territorial waters, focusing on attracting foreign investment, mobilising technical expertise, and enabling operational collaboration under Syrian oversight to expand hydrocarbon production.
February 4, 2026
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Air India Express expects operating profit and plans USD 70M cabin refurbishment and fleet retrofits.
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February 4, 2026
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Rupee slips to 90.47 as trade deal uncertainty, weak services PMI and higher oil curb gains; range seen 90-90.60.
The rupee depreciated 15 paise to 90.47 against the US dollar amid suspected corporate and importer dollar buying and caution over unsigned India-US trade deal terms, while weaker services PMI and elevated crude oil prices limited gains; analysts cited a near-term USD-INR trading range of 90.00-90.60 with support near 90.05 and resistance around 91.10, and flagged the central bank's upcoming interest rate announcement as a key market influence.
February 4, 2026
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IndiGo faces a CCI probe for allegedly abusing its dominant position by cancelling flights and creating artificial scarcity, limiting access.
CCI ordered a detailed DG investigation after prima facie finding that IndiGo abused its dominant position by cancelling thousands of flights, withholding services and creating artificial scarcity in the domestic air passenger transport market. The regulator noted IndiGo's sustained ~60-61% ASKM share, route exclusivity, larger fleet and financial strength as indicia of dominance, rejected jurisdictional objections, and observed that DGCA lacks competition-law analysis functions, thereby affirming CCI's authority to probe alleged abuse under the Competition Act.
February 4, 2026
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Dalit MPs lodged a written complaint with the Lok Sabha Speaker alleging that a presiding officer from their community was insulted when opposition members addressed him as "yaar," that the conduct demeaned the Chair and targeted the officer's community, and that papers were thrown at the Chair; following the disorder, eight members were suspended for the remainder of the Budget Session.
February 4, 2026
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Kremlin spokespeople rejected assertions that India agreed to stop buying Russian oil, stating India may freely diversify suppliers; analysts warned U.S. light shale cannot directly replace Russia's heavier Urals without costly blending and that U.S. export volumes are insufficient to match Russian shipments. The report also highlights U.S. tariffs on India tied to Russian energy purchases and notes recent declines in India's Russian crude imports.
February 4, 2026
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Telangana politics: BJP accuses the state government of appeasement, welfare failures and preferential land allocations.
The BJP accused the Telangana government of practising appeasement politics and suppressing Telugu language and culture, citing past remarks as evidence of vote bank politics. The party alleged that the Wakf Board's large landholdings indicate preferential allocation, that promised welfare schemes for women, farmers and disadvantaged groups remain unimplemented, and that temple vandalism and a continuing "commission raj and mafia raj" reflect governance failures; these claims underpin the BJP's electoral mobilisation strategy.
February 4, 2026
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India-US trade deal lacks details; government says agriculture safeguarded while opposition calls it a non-statement.
The government asserts the India-US trade arrangement reduces tariffs for Indian exports to 18 per cent and enhances export competitiveness while stating that core sensitivities in food and agriculture have been fully safeguarded. Negotiations over the prior year are said to have protected sensitive domestic sectors even as the pact provides comparative advantage to labour intensive exporters. Opposition parties describe the announcement as a "non statement," faulting lack of disclosed details, potential concessions on agricultural imports, and conflicting public messages from US officials.
February 4, 2026
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February 4, 2026
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India-US trade deal will hurt Indian farmers and weaken agriculture due to tariff disparities and lack of parliamentary notice.
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Individual taxpayers: 88% have opted for the new tax regime; government not planning a sunset clause.
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February 4, 2026
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INDI Alliance cracks as Congress appears indecisive about coalition plans; concerns raised over governance and security.
Claims of weakening Alliance Stability in the INDI Alliance focus on Congress uncertainty about contesting elections with the DMK or independently, raising questions about coalition coherence. Concurrently, the DMK is criticized for alleged governance failures-including drug-related crimes, attacks on marginalized groups, and unsafe university campuses-issues the opposition is urged to probe. The entry of a prominent actor into politics is identified as intensifying electoral competition and unsettling the ruling coalition, while the BJP-led alliance is portrayed as cohesive.
February 4, 2026
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IndiGo faces probe for alleged abuse of dominant position after mass flight cancellations creating artificial scarcity.
IndiGo faces a probe for possible abuse of dominant position after mass flight cancellations that allegedly withheld services and created artificial scarcity, limiting consumer access and producing a prima facie appreciable adverse effect on competition; a detailed investigation by the Director General has been ordered to examine whether these operational decisions amount to unfair business practices and breach competition norms.

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Mamata says people being 'bulldozed', urges SC to save democracy

February 4, 2026

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New Delhi, Feb 4 (PTI) Mamata Banerjee became the first serving chief minister to argue in the Supreme Court on Wednesday as she sought an intervention in the SIR (Special Intensive Revision) of electoral rolls, alleging that West Bengal was being "targeted" and its people were being "bulldozed".

The court took note of Banerjee's petition and said genuine persons must remain on electoral rolls.

A bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi issued notices and sought replies to the petition by February 9 from the Election Commission and the chief electoral officer of West Bengal.

The CJI asked the poll panel to instruct booth-level officers and electoral roll officers to be more sensitive while issuing notices on grounds of minor discrepancies such as mismatched spelling of names, etc.

The chief minister referred to the poll panel as "WhatsApp Commission" in an apparent reference to directions being allegedly passed by the Election Commission to electoral officials through the instant messaging app.

Banerjee, dressed in her signature white sari paired with a black scarf to resist the Capital's winter, reached the Supreme Court premises flanked by her lawyers, including Trinamool Congress leader and senior advocate Kalyan Banerjee, around 10 am.

Several lawyers and litigants jostled to enter the CJI's courtroom to catch a glimpse of the CM making her arguments. At the outset, Banerjee sought permission to argue for five minutes. The CJI responded by saying the court would give her not five but 15 minutes to make her submission.

"The problem is our lawyers always fought our case from the beginning but when everything is finished, we are not getting justice... We are not getting justice anywhere. I am a bonded labourer, sir... I am from a common family and I am not fighting for my party," Banerjee said.

"West Bengal is being targeted," Banerjee alleged, questioning why the same yardstick was not applied to Assam.

"They are targeting West Bengal to bulldoze its people," said the chief minister, who was permitted by the bench to supplement the submissions of her lawyer and senior advocate Shyam Divan.

Alleging that the state was not getting justice anywhere, Banerjee said she wrote six letters to the Election Commission on the SIR issue but got no response.

At the end of the hearing, she conveyed her gratitude to the bench for the opportunity to argue in person and urged it to "save democracy".

Banerjee has challenged the SIR of electoral rolls in the state and sought a direction to the poll panel to "accept Aadhaar cards as proof of identity especially in cases of 'logical discrepancy' without insisting on any other documents".

Logical discrepancies cited while reconciling the rolls with the 2002 voter list include mismatches in a parent's name or the age gap between a voter and their parent being less than 15 or more than 50 years.

Divan referred to a large number of unmapped voters and said there was hardly any time left for remedial measures as the process was set to conclude on February 14.

He said the poll panel had to upload the reasons for putting names in the "logical discrepancy" list.

Divan contended 1.36 crore people had been issued notices after their credentials were found to have logical discrepancies.

Taking the issue further, the CM said in some cases people who were alive had been declared dead by the poll panel.

"Their SIR process is only for deletion, not for inclusion," she said.

She flagged difficulties being faced by citizens due to the exercise and said they were relieved that the court had earlier given a direction to include Aadhaar as one of the documents in the process.

Banerjee alleged that despite the apex court's direction, the panel was not allowing Aadhaar and kept insisting on other documents.

"In other states, documents like domicile certificate, family register card, etc are allowed... they are only targeting Bengal on the eve of elections. What was the hurry?" she asked.

She said the process, which usually takes two years, was being undertaken in a short span of three months even during the festival and harvesting season in the state.

She also flagged the issue of deaths of officials involved in the exercise and deployment of micro-observers in the state.

Senior advocate Rakesh Dwivedi, appearing for the Election Commission, countered the charges and alleged that the West Bengal government provided the services of 80 grade-two officers for overseeing the SIR process.

Banerjee contested that and said the state provided whatever was sought by the commission.

When the counsel appearing for the commission interrupted, Banerjee, with folded hands, said, "Please allow me to speak, sir!" She flagged that married women were being put to notice for shifting to their in-laws' home or using their husbands' surname.

When the counsel objected to her submissions, CJI Kant interrupted, saying, "Madam has come all the way to speak." During the hearing, the bench observed that "genuine persons must remain on the electoral roll".

The CJI said every problem could be solved and it must be ensured that no innocent person was left out.

Divan said in many cases, names of persons issued notices for logical discrepancies were misspelt and it could be rectified easily.

The CJI referred to a Bengali dialect and observed that at times names could be misspelt in English because of it. PTI SJK ABA ABA SAP SAP

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