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February 5, 2026
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ICE arrests in Oregon limited to cases with likely escape or an administrative arrest warrant.
Immigration agents in Oregon are barred from making warrantless arrests for civil immigration violations unless they develop probable cause to believe the person is likely to escape or have an administrative arrest warrant issued by a supervisor; the court relied on evidence of warrantless sweeps, arrests of individuals with valid immigration paperwork, and allegations of forceful detentions while stressing the need to respect due process when exercising arrest authority.
February 5, 2026
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US-China leaders discussed isolating Iran, a 25% tariff on Iran-linked trade, Taiwan arms sales, and critical minerals supply chains.
US-China discussions during a bilateral call focused on isolating Iran-combining diplomatic engagement, envoy talks, and an announced 25 percent tariff on imports from countries doing business with Iran-while addressing defense-related trade with Taiwan after a multibillion-dollar US arms package and considering inclusion of China in future nuclear-arms limitation talks as New START lapses. The leaders also discussed initiatives to diversify critical minerals supply chains away from China, indicating coordinated use of tariffs, arms transfer policy, export controls, and multilateral trade measures as state instruments.
February 5, 2026
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Google's growth: AI-driven expansion fuels ad and cloud revenue, enabling massive AI capital spending and strategic partnerships.
Sustained double digit growth in digital advertising financed substantial capital expenditures to expand data centre and AI capacity, while Cloud revenue rose sharply as Google embedded its large language model technology across core products and formed commercial AI partnerships.
February 5, 2026
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Argentina requests extradition of Nicola s Maduro to face crimes-against-humanity investigation under universal jurisdiction.
Argentina requested extradition of former Venezuelan President Nicola s Maduro from the United States to face an investigation alleging he oversaw abuses amounting to crimes-against-humanity, relying on the principle of universal jurisdiction and citing the 1997 extradition treaty; the petition follows a 2024 international arrest warrant and references Maduro's recent U.S. capture while noting concurrent U.S. narcotics indictments.
February 5, 2026
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Xi and Putin affirm deepening China-Russia strategic, economic cooperation and shared commitment to international law and strategic stability.
Xi and Putin committed to deepen bilateral strategic cooperation-economic, energy, nuclear technology and high tech ties-and to sustain high level exchanges, reciprocal visa free travel, and summit participation. They aligned on adherence to international law and the UN Charter, affirmed the One China Principle, and addressed arms control concerns, noting Washington's refusal to extend the New START treaty and expressing willingness to pursue negotiated measures to preserve strategic stability.
February 5, 2026
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Nearly 100 year old murder accused acquitted after decades due to prosecution failure and prolonged pendency and age.
The High Court acquitted a nearly 100 year old appellant in a 1982 murder case on the ground that the prosecution failed to prove charges beyond a reasonable doubt, directed discharge of his bail bond, and held that prolonged pendency, his advanced age, and decades of anxiety and social consequences were material in moulding relief.
February 5, 2026
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Industrial and MSME support expands credit access, restructuring pathways, subsidies and targeted assistance for artisans and farmers.
The government adopted financial and non financial measures to strengthen liquidity, address stress and improve access to credit for industrial units, MSMEs, artisans, weavers and farmers. Enhanced credit linkages under the RAMP programme and credit guarantee arrangements support restructuring and need based assistance for stressed enterprises. The Industrial Policy provides turnover and SGST incentives, green initiatives, full subsidy for diesel generator sets, stamp duty and court fee exemptions, and subsidies for quality certification, automation and pollution control. Artisans and GI certified units receive targeted credit schemes, rent free stalls and direct benefit assistance. Agricultural support includes interest subvention, credit restructuring after calamities, crop insurance and infrastructure funds with interest subvention and credit guarantees.
February 5, 2026
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Critical minerals trading bloc to stabilize prices, enforce minimum tariffs, and reduce reliance on Chinese supplies.
The administration proposes a critical minerals trading bloc among allies to stabilise prices via tariffs and sourcing rules, coupled with a US strategic stockpile funded by Export-Import Bank loans and private capital, plus direct government investments and procurement measures to diversify production and reduce reliance on dominant foreign processors.
February 5, 2026
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Union Budget 2026-27 promotes reform-driven growth with Jan Vishwas Act 2.0, fiscal discipline, and manufacturing incentives.
The Union Budget 2026 27 is a reform driven fiscal blueprint proposing the Jan Vishwas Act 2.0, prioritising Aatmanirbhar manufacturing support (Semiconductor Mission 2.0, Rs 10,000 crore BioPharma Shakti, electronics outlay, MSME funds), targeting a 4.3% fiscal deficit and Rs 12.2 lakh crore capital expenditure for transport and Tier 2/3 infrastructure, and increasing tax devolution to states (from 32% to 41%), with enhanced allocations cited for Maharashtra.
February 4, 2026
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Women MPs' protest gheraoed treasury benches, forcing adjournment amid disputes over quoting published material and disciplinary demands.
Women opposition members advanced to the Treasury benches during the Motion of Thanks debate, prompting the presiding officer to adjourn the House after they approached the Prime Minister's seat; the disruption occurred amid earlier adjournments, delays to the prime minister's scheduled reply, and prior suspensions of members for unruly behaviour. The acting Chair invoked the rule prohibiting reading from books, newspapers or letters except in connection with House business after a member quoted published works, triggering opposition demands for disciplinary action and consultations with the Speaker and ministers.
February 4, 2026
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India-US trade deal expands market access, boosting Indian manufacturing, exports, and MSMEs, including textiles, pharma and gems sectors.
The India-US trade agreement reinforces the "Make in India, Make for the World" policy by expanding export opportunities for textiles, pharma, chemicals, petroleum, gems and jewellery, and by positioning Gujarat's manufacturing and MSME sectors to benefit directly. The announcement highlights a stated US tariff position of 18% on Made in India products as a stimulus for production, exporters and job creation, framing the deal as strengthening bilateral economic ties and India's global economic presence.
February 4, 2026
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Coal India to set up Chile holding for lithium and copper; approves over Rs 6,300 crore in domestic project investments.
Coal India authorised the incorporation of a wholly owned intermediate holding company in Chile to pursue critical minerals (lithium and copper), subject to regulatory approvals, and approved domestic equity investments totalling over Rs 6,300 crore: Rs 3,132.96 crore for an energy joint venture with Damodar Valley Corporation (part of a Rs 20,886.40 crore project at 70:30 debt equity) and Rs 3,189.54 crore into Bharat Coal Gasification and Chemicals Ltd for a 0.66 mtpa coal to ammonium nitrate project.
February 4, 2026
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Turkish Airlines plane emergency landing after engine fire alert; passengers to depart on replacement flight at 6 am.
An Airbus A330-300 declared a PAN PAN due to a right-engine fire and diverted to Kolkata, landing safely on one engine after on-board fire detection and suppression brought the flames under control; passengers and crew were unharmed, housed overnight, and scheduled to continue on a replacement aircraft the next morning.
February 4, 2026
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Tamil Nadu budget allocations criticised as politically withheld ahead of assembly polls, despite central transfer figures cited in reply.
M K Stalin alleged the Union government withheld targeted budgetary allocations for Tamil Nadu ahead of Assembly elections, portraying the omission as politically motivated and harmful to the state's infrastructure needs; the Press Information Bureau, however, cited substantial tax devolution and grants-in-aid figures for Tamil Nadu in response.
February 4, 2026
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Uttar Pradesh streamlines industrial land allotment and creates plug-and-play clusters to boost MSME growth and approvals.
Uttar Pradesh simplifies industrial land allotment and approvals, rationalises lease rents, minimises litigation, and prioritises startups and existing units while institutionalising 100 acre district clusters under a plug-and-play model to accelerate MSME formation, infrastructure development, pollution control compliance, and technological upgradation through transparent, time bound processes and iterative digital reforms.
February 4, 2026
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Teacher and peon held for accepting bribes to alter a student's birth date on a class 10 certificate; case registered.
Teacher and a school peon were detained for allegedly accepting staged payments (Rs 1,000 and Rs 2,200 by online transfer, plus a demanded Rs 400 via the peon) to retrospectively change a student's date of birth on a class 10 certificate; searches were conducted and mobile phones seized. A case was registered under anti corruption provisions for public servants accepting gratification, both accused are in custody pending formal arrest and investigators are examining electronic payment records and messages.
February 4, 2026
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DHFL granted IBC immunity from corporate prosecution for pre CIRP offences; former officers remain prosecutable in a money laundering case.
The court held that DHFL, as a corporate debtor whose resolution plan was approved under the IBC, enjoys statutory immunity under section 32A that extinguishes corporate criminal liability for offences committed prior to CIRP, and that this IBC immunity overrides earlier PMLA provisions; however, immunity does not apply to former officers or directors who may still be prosecuted for pre CIRP conduct.
February 4, 2026
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Kerala budget boosts welfare with wage hikes, pension increases, SMA medicine funding, and committee review of allocations.
Kerala's 2025-26 expenditure approached Rs 2 lakh crore; the government announced a five percent wage increase for contractual staff, a raise in the Viswakarma pension to Rs 2,000, a Rs 1,000 hike for pre primary teachers, and Rs 30 crore for SMA medicine under the KARE scheme, while directing budget requests to subject committees and noting a High Court constituted Special Investigation Team into the Sabarimala gold loss.
February 4, 2026
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Critical minerals: India warns of excessive concentration and urges de risking supply chains via international cooperation.
Excessive concentration of critical minerals creates supply chain vulnerabilities necessitating structured international cooperation to de risk supply chains; the document records support for the FORGE initiative and highlights India's resilience measures, including the National Critical Minerals Mission, Rare Earth Corridors, and commitments to responsible commerce, alongside diplomatic engagements to promote diversification and governance frameworks.
February 4, 2026
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US stocks mixed as tech wobbles; gold tops $5,000 amid safe-haven flows and mixed economic signals.
US equities traded mixed as tech stocks pressured indices despite some upside from companies beating earnings; gold rose above USD 5,000 and silver jumped after volatile swings, reflecting safe-haven demand amid macro concerns. Treasury yields were steady with the 10-year little changed after mixed economic reports-softer private hiring and steady services growth but rising prices paid-producing nuanced signals for inflation and interest-rate expectations.

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Bringing Hybrid and Low-Emission Solutions in India: Horse Powertrain to Debut at ACMA 2026

February 5, 2026

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Aligned with the proposed India–EU FTA, Horse Powertrain’s entry aims to strengthen technology collaboration and localised supply chains with Indian OEMs New Delhi, Delhi, India – Business Wire India Horse Powertrain, a global leader in hybrid and combustion powertrain technologies, has announced its entry into the Indian market at a time when the country’s automotive sector is accelerating its transition toward cleaner, more efficient mobility solutions.

The timing of Horse Powertrain’s India entry also aligns with improving global trade dynamics with the recently proposed India–EU Free Trade Agreement which is expected to strengthen technology collaboration and component supply chains between the two regions, creating favourable conditions for global powertrain specialists to partner more closely with Indian OEMs and localise advanced technologies.

India is currently among the world’s fastest-growing automotive markets, producing over 4 million passenger vehicles annually, while tightening regulatory requirements under BS-VI emission norms and Corporate Average Fuel Economy (CAFE) targets are compelling manufacturers to reduce fleet emissions and improve fuel efficiency. Simultaneously, the government’s ethanol blending roadmap, targeting 20% ethanol (E20), and increasing focus on alternative fuels, are creating strong demand for flex-fuel, hybrid, and low-emission powertrain technologies that can be deployed quickly and cost-effectively.

Horse Powertrain’s portfolio is designed to address this transition phase, offering scalable and pragmatic solutions that help OEMs meet compliance goals without the need for immediate, full-scale electrification. By enabling easier integration into existing vehicle platforms, the company aims to support faster time-to-market and reduced development costs for Indian manufacturers.

Matias Giannini, CEO of Horse Powertrain, said, “At Horse Powertrain, we aim to provide practical, affordable solutions to the Indian market, all while reducing the emissions footprint of the nation’s hybrid and combustion vehicles. India is a strategically vital market for us, both in terms of its scale and in the role it will play in shaping global mobility trends. It's great to have our team on the ground at ACMA this year to engage with OEMs and partners who are driving this next phase of growth for the Indian automotive ecosystem.” Horse Powertrain will mark its official India debut at ACMA Automechanika New Delhi this year. At ACMA Automechanika, Horse Powertrain will present the following solutions: • HORSE H12 – A 1.2-liter turbocharged three-cylinder engine designed for mild hybrid (MHEV) vehicles. It is one of the first production engines worldwide capable of running on both petrol and liquefied petroleum gas (LPG).

• HORSE B15 & HORSE DHT160, a paired engine and transmission for use in HEVs, PHEVs, and range-extended EVs (REEVs). The HORSE B15 is a four-cylinder 1.5-liter turbocharged engine capable of burning gasoline, methanol, and ethanol. The DHT160 is a three-gear transmission and electric motor capable of outputting 160kW of power.

• HORSE M20 – A 2.0-liter four-cylinder engine capable of operating as a pure combustion engine or in REEV applications. The HORSE M20 can run on diesel or hydrogen.

• HORSE 4DHT120 – A four-speed hybrid transmission with an integrated electric motor, delivering up to 120 kW of power.

• HORSE C15 – An ultra-compact 1.5-liter four-cylinder engine and generator unit. Designed from the outset for REEV applications, it enables an existing battery electric vehicle (BEV) to be converted into a REEV by fitting into the available space in the frunk or under the seat.

About Horse Powertrain Horse Powertrain is a new global leader in hybrid and combustion powertrain solutions, supporting automotive OEMs with a range of systems including engines, transmissions, power electronics, and integrated hybrid platforms. Consisting of two divisions, Aurobay Technologies and Horse Technologies, Horse Powertrain operates 17 plants and 5 R&D centers globally, serving a range of OEMs, including Renault Group, Geely Auto, Volvo Cars, Proton, Nissan, and Mitsubishi Motors Corporation. Horse Powertrain is headquartered in London, UK, and employs 19,000 people globally. The company’s three shareholders are Renault Group (45%), Geely (45%), and Aramco (10%).

(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 PWR

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