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    Day after obtaining bail from SC in liquor 'scam', Cong MLA Lakhma walks out of Raipur jail
    Syria signs landmark offshore oil field deal with Chevron and Qatari investor
    AI Express to clock operating profit in second half of FY26; plans USD 70 mln investment
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February 4, 2026
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Congress MLA Kawasi Lakhma released on interim bail in money laundering and corruption probe, with residency restrictions.
The Supreme Court granted interim bail to MLA Kawasi Lakhma in two parallel cases arising from an alleged multi crore liquor scam, imposing conditions including residence outside the state and restricted entry to attend court hearings and barring participation in assembly proceedings. The Enforcement Directorate and the state Anti Corruption Bureau/EOW allege extensive money laundering and large proceeds of crime diverted through a syndicate; a final prosecution complaint names numerous accused and expands the charges in the case.
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.
Air India Express projects an operating profit in the second half of FY2025-26 and will invest USD 70 million to standardise and refurbish aircraft cabin interiors, including retrofitting 26 Boeing 737 NGs and ongoing retrofit work on 50 Boeing 737 MAXs that includes converting business-class-configured MAXs to all-economy and upgrading interiors.
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 seek action over presiding officer being called 'yaar'; members suspended for rest of Budget Session.
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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India oil purchases remain diversified; replacing Russian crude faces technical blending and volume limits amid tariff tensions.
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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Acid-attack case: acquittal attributed to evidentiary contradictions, delayed FIR, missing acid traces and inconsistent testimonies.
Prosecution failed to prove beyond reasonable doubt that the accused committed wrongful restraint, voluntarily caused hurt, or threw acid: the court highlighted an unexplained two week delay in filing the FIR, material contradictions in complainant and witness testimony about presence and conduct at the scene, lack of medicolegal evidence of burn injuries, failure to seize allegedly acid damaged clothing, and no forensic traces of acid at the crime scene, concluding these evidentiary gaps defeated proof of the charged offences.
February 4, 2026
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India's growth 8-10% yearly prompts a push to move household savings into capital markets and mutual funds.
India's GDP is forecast to grow 8-10% annually, prompting calls to shift household savings from bank deposits into capital markets. A large asset management joint venture plans to drive retail mutual fund adoption via technology based distribution, investor onboarding, and financial inclusion, projecting significant mutual fund asset growth and urging incumbents to adapt to a changing financial tech landscape.
February 4, 2026
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Bharat Taxi cooperative ride-hailing app uses a zero-commission model with direct profit distribution and driver social security.
A cooperative ride-hailing platform registered under the Multi-State Cooperative Societies Act, 2002 operates on a zero-commission, surge-free model with direct profit distribution to driver-members, non-exclusivity for drivers, mandated social-security benefits (health and accident insurance, retirement savings, emergency assistance) and support centres, and plans nationwide expansion and integration with national digital public infrastructure through stakeholder MoUs.
February 4, 2026
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Congress MLA released on interim bail amid money laundering and anti corruption probes into an alleged liquor scam.
A political officeholder obtained interim bail after being held in judicial custody following arrest in a PMLA money laundering probe; a separate anti corruption inquiry into an alleged liquor scheme produced additional detention. Allegations span money laundering and corruption, claim large proceeds of crime and substantial loss to the state exchequer, and involve parallel investigative tracks by different agencies.
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.
The India-US trade arrangement is alleged to create a tariff disparity disadvantaging Indian farmers-US imports at zero duty while Indian exports face 18%-and its public announcement by the US President rather than the government is characterised as an affront to parliamentary oversight. The critique links this trade impact to broader governance concerns: erosion of social justice and democratic accountability, labour law reforms favouring corporate interests, reduced support for disadvantaged groups, and failures in addressing communal violence and inequality.
February 4, 2026
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Individual taxpayers: 88% have opted for the new tax regime; government not planning a sunset clause.
About 88% of individual filers (ITR 1-4) and 97% of presumptive taxpayers have moved to the new tax regime; roughly 60% of corporate income is reported under it. The government is not considering a sunset clause for the old regime. FY27 Budget measures-MAT made final with a reduced old-regime rate and higher STT on futures and options-are expected to further encourage migration and to dissuade aggressive retail trading.
February 4, 2026
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Electoral roll revision challenged over mass logical-discrepancy notices; petition seeks Aadhaar acceptance to prevent wrongful voter deletions.
The chief minister challenged the Special Intensive Revision of electoral rolls, alleging mass notices and wrongful deletions based on logical discrepancies, and sought a direction requiring the poll panel to accept Aadhaar as proof of identity for resolving such discrepancies to ensure inclusion rather than deletion of voters; the court directed sensitive treatment of minor mismatches, asked the poll panel to upload reasons for discrepancy listings, and issued notices for replies.
February 4, 2026
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Air India inspections of Boeing 787 fuel control switches found no issues; regulator requires strict crew procedure compliance.
Air India completed precautionary re-inspections of the Fuel Control Switch across all operational Boeing 787 aircraft and found no issues. The inspections followed a pilot report of a switch defect and independent regulator checks that cleared the FCS. The regulator noted that correct procedure had not been followed in operating the switch and directed Air India to ensure crew compliance; the airline will circulate OEM-recommended operating procedures to all crew and has grounded the affected aircraft for checks.
February 4, 2026
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India-France judicial cooperation strengthened through bilateral meetings on training, technology, arbitration and dispute resolution.
Chief Justice Surya Kant led a delegation in Paris to strengthen judicial cooperation through bilateral meetings with French judicial leaders, focusing on judicial training, court technology, comparative court structures, and approaches to adjudication; the delegation resolved to deepen engagement and promote Alternative Dispute Resolution, arbitration and mediation under the aegis of enhanced Indo French legal exchanges.
February 4, 2026
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Halwara airport to begin operations in March; Air India to launch Delhi-Halwara service, boosting regional air connectivity.
Halwara airport's civil terminal has been inaugurated and is scheduled for operational commencement in early March with Air India to operate the initial Delhi-Halwara service. The terminal was developed on an Indian Air Force base through a Rs 54.67-crore joint venture between the Punjab government and the Airports Authority of India, representing a government-led infrastructure investment to expand regional air connectivity and support local economic sectors.
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.

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Merck Foundation Marks World Cancer Day by Providing 258 Oncology Scholarships to Healthcare Providers Across 34 African and Asian Countries

February 5, 2026

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Mumbai, Maharashtra, India & Accra, Ghana – Business Wire India • Merck Foundation, together with African First Ladies and Ministries of Health continues to build cancer care capacity by providing around 260 Scholarships of One-year Clinical Training in many oncology sub- specialties, and One year and Two year Post Graduate Diploma and Master Degree of Cancer and Clinical Oncology, Medical Oncology and Pain Management. • Merck Foundation is making history in Africa by training the First African Oncologists and First Cancer Care Teams in Countries such as The Gambia, Sierra Leone, Burundi, Liberia, Guinea Conakry, Central African Republic, Chad, Malawi, Niger, Namibia, Zambia, Zimbabwe and more. • Merck Foundation Chairman and CEO, together with African First Ladies, recently released “Ray of Hope” children’s storybook and Animation Film for Cancer Awareness in three languages. Watch ‘Ray of Hope’ animation film here: https://youtu.be/6vCAufPnCPw Merck Foundation, the philanthropic arm of Merck KGaA Germany, marks ‘World Cancer Day 2026’ together with Africa’s First Ladies and Ministries of Health by continuing to build and advance cancer care capacity through their Cancer Access Program, with the aim to increase the limited number of Oncologists in Africa. Senator Dr. Rasha Kelej (Ret.) explained, “At Merck Foundation, we mark World Cancer Day through our sustained, everyday efforts to transform cancer care in Africa by addressing one of its most critical gaps: late diagnosis and the shortage of trained specialists. Together with my dear sisters, African First Ladies, we have strengthened cancer care capacity in the continent by providing 258 Oncology Scholarships for healthcare providers from 34 African and Asian countries, significantly increasing the number of trained oncologists and developing the multidisciplinary cancer care teams. In several of these countries, there wasn’t even a single oncologist. We are very proud that we are making history by training the first oncologists and first multidisciplinary cancer care teams in many countries like The Gambia, Sierra Leone, Burundi, Liberia, Guinea Conakry, Central African Republic, Chad, Niger, and many more.” Merck Foundation in total provided more than 2500 scholarships for healthcare providers from 52 countries in 44 critical and underserved specialities. “Merck Foundation remains committed to transforming the landscape of patient care in general, and cancer care in particular, leading Africa toward a healthier future,” Dr. Rasha Kelej further explained. As part of their Cancer Access Program, Merck Foundation has to date provided 258 Scholarships for healthcare providers from 34 countries as per the following: Merck Foundation is establishing Multidisciplinary Oncology Care teams in many African countries by providing scholarships of One year clinical training in most of oncology sub- specialties such as; Medical Oncology, Surgical Oncology, Pediatrics Oncology, Gynecology Oncology, Breast Oncology, Haemato-Oncology, Orthopedic Oncology, Palliative Care, Pathology Oncology, Radiation Oncology, Research in Oncology, Genital Urinary oncology, Advanced Cytopathology Training, Interventional Radiology, Radiation Technician, Laboratory Technician, Oncology Nursing. Moreover, Merck Foundation provides One-year and Two-year Post Graduate Diploma and Master Degree of Cancer and Clinical Oncology, Medical Oncology and Pain Management from reputed Universities in the UK like, such as the University of South Wales, University of Buckingham, Queen Mary University of London, and Cardiff University. The 34 countries include Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo Brazzaville, Democratic Republic of the Congo, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Kenya, Liberia, Malawi, Malaysia, Mauritius, Mozambique, Namibia, Nepal, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Sierra Leone, South Africa, Sri Lanka, Tanzania, Togo, Uganda, Zambia, and Zimbabwe. According to WHO data (2022), Africa sees roughly 1.1 million new cancer cases and up to about 700,000 cancer deaths each year. Cancer mortality rates in Africa are much higher than in many other regions of the world, reflecting late diagnosis, limited access to care, and gaps in health systems. Therefore, Merck Foundation’s oncology scholarships play a critically important role in strengthening cancer care capacity across the continent. Dr. Rasha Kelej further shared, “Nearly two-thirds of cancer cases can be successfully treated when diagnosed early, and up to one-third can be prevented by reducing key risk factors such as exposure to radiation, certain infections, and lifestyle-related causes. To raise awareness about it, we have recently launched a children storybook and its adaptive animation film “Ray of Hope”, in partnership with African First Ladies. The story deals with childhood cancer and highlights the critical importance of early detection and access to well-trained cancer care teams capable of recognizing early warning signs.” Read ‘Ray of Hope’ storybook here: https://merck-foundation.com/flipbook-proxy/digital_library/1760607426_e5e3447ae2996a8d743f.pdf# Watch ‘Ray of Hope’ animation film here: https://youtu.be/6vCAufPnCPw Merck Foundation has also created awareness materials including awareness leaflets and videos on Cancer Prevention and Early Detection. Dr Judith Mkwaila, Merck Foundation Alumni from Malawi shares, “It was a great honor and privilege to be awarded the Merck Foundation Scholarship to pursue the Surgical Oncology fellowship training program at Krishna Vishwa Vidyapeeth, India. The fellowship gave me both, theoretical and hands-on training in complex oncological procedures for head and neck cancers, breast, upper gastrointestinal and colorectal cancers. I was exposed to a multidisciplinary team approach in cancer care hence deepening my knowledge and skills in a multimodality approach to cancer treatment for both curative and palliative purposes. Due to the knowledge and skills acquired through the training, I was able to start a General Surgical Clinic and become the First and Only Female Chief Surgeon at the Mzuzu Central Hospital. I am very thankful to Merck Foundation for the opportunity given to me to pursue this fellowship program and for continuing this noble cause of increasing access to high quality cancer care.” Click the link below to Download Merck Foundation App https://www.merck-foundation.com/MF_StoreRedirection Join the conversation on our social media platforms below and let your voice be heard Facebook: Merck Foundation X: @MerckFoundation YouTube: MerckFoundation Instagram: Merck Foundation Threads: Merck Foundation Flickr: Merck Foundation Website: www.merckfoundation.com About Merck Foundation The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.merck-foundation.com to read more. Follow the social media of Merck Foundation: Facebook, X, Instagram, YouTube, Threads and Flickr. The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors. To View the Image, Click on the Link Below: Merck Foundation and African First Ladies are Making History in Africa by Training the First Oncologists and Cancer Care teams in their Countries.

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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