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February 9, 2026
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Investment scam: alleged Rs 1,200 crore fraud affecting 11,000 investors prompts detention of three company directors.
Alleged large-scale investment fraud collected about Rs 1,200 crore from roughly 11,000 investors, and the Economic Offences Wing is investigating the firm and its founding directors who were arrested in January; during their production a crowd of alleged victims attempted to gherao the directors and breach security, after which police custody of the accused was extended and they were taken to an EOW lockup.
February 9, 2026
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Agricultural trade agreement secures protection for major grains and dairy while opening export markets and duty relief for spices.
The agreement preserves domestic controls by excluding major foodgrains (wheat and paddy), protecting fruits and vegetables, and prohibiting imports of dairy products such as milk, curd, buttermilk, butter and milk powder; a detailed list of covered commodities will be published and spices are to receive zero per cent export duty treatment, while the pact opens expanded market access to international markets to boost exports and farmer income.
February 9, 2026
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Tamannaah Bhatia named brand ambassador of KSDL with two-year exclusivity on similar product endorsements and promotional duties.
Actor Tamannaah Bhatia has been appointed brand ambassador of KSDL for a two-year term beginning February 10, required to feature in advertisements and promotional campaigns and subject to an exclusivity obligation barring endorsement of similar private-company products; the appointment accompanies a relaunch of Mysuru Sandal Soap and supports KSDL's campaign to reach Rs 5,000 crore annual turnover by 2030 across its 57-product portfolio.
February 9, 2026
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Artificial Intelligence in tackling mule accounts and telecom-enabled fraud via coordination and tech adoption for real-time tracing and victim protection.
The conference focuses on deploying Artificial Intelligence and data analytics to detect and disrupt mule accounts and laundering mechanisms, structured around three pillars: financial systems, telecommunications infrastructure, and human exploitation; it targets misuse of SIMs, eSIMs, VoIP and OTP interception, and emphasizes inter-agency and public-private coordination for faster fraud reporting, real-time fund tracing, evidence preservation and victim protection, alongside international cooperation and state-level investigation models.
February 9, 2026
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Financial literacy for rural poor urged to prevent fraud and promote KYC updates in bank accounts.
Banks are urged to expand financial literacy efforts for poor, rural, and tribal populations to prevent small-value financial and cyber frauds, addressing language barriers and remote access constraints. The RBI's Financial Literacy Week emphasizes KYC as a foundational safeguard and calls for promotion of KYC updates and account-level awareness within literacy campaigns to secure deposit accounts and reduce exploitation of low-income customers.
February 9, 2026
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Confident Group assures projects will finish, denies wrongdoing amid Income Tax inspection and ongoing probe.
The Confident Group described the office searches as a routine Income Tax inspection, confirmed full cooperation with investigators and an ongoing SIT probe, asserted it is a zero-debt, zero-investor firm financed by sales collections, denied benami transactions and external investments including claims about film personalities, and assured customers that all projects have resumed and will be completed on time.
February 9, 2026
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Parliamentary speaking rights and suspensions stalled Budget debate amid dispute over the Speaker's refusal to allow pre-debate remarks.
The dispute concerned the Chair's refusal to allow the Leader of the Opposition to quote from material and speak before the Budget debate, leading to repeated adjournments, the suspension of eight members for the Budget session, and consideration by opposition parties of a resolution to remove the Speaker for alleged partisan denial of speaking rights. The Chair cited rules against raising issues without notice while opponents claimed an agreement permitting pre-debate remarks, highlighting tensions over the Right to Debate, suspension as discipline, and remedies for alleged Speaker partiality.
February 9, 2026
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Congestion tax proposal in Mumbai aims to pilot fees in business hubs to reduce traffic and fund environmental improvements.
A municipal representative proposes a congestion tax for Mumbai's central business districts, recommending a south Mumbai pilot project to deter single-occupant vehicles, boost public transport use, reduce emissions, and generate estimated annual revenue of Rs 200-300 crore to be reinvested in environmental and transport improvements; the proposal cites the national Economic Survey and seeks inclusion in the municipal budget.
February 9, 2026
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Kolkata domicile certificate applications surge amid electoral roll revision; centralized processing, police verification, and WBCS approvals expedited.
Kolkata Municipal Corporation centralised domicile certificate intake and established dedicated counters to process 19,167 SIR linked applications; borough offices route requests to headquarters and the Kolkata Police for field verification, after which a WBCS rank officer grants final approval. Applications are accepted chiefly for SIR requirements and must be supported by documentary proof; many certificates were issued following police enquiry reports, while others were rejected after adverse verification.
February 9, 2026
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Luxury car crashes causing injuries and deaths highlight overspeeding, drunk driving, and charges from rash driving to culpable homicide.
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February 9, 2026
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Rupee volatility driven by importer dollar demand and an India-US interim trade framework reducing bilateral import duties.
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February 9, 2026
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Anil Ambani Group alleged Rs 40,000 crore banking and corporate fraud is being probed under money laundering provisions.
A specialised investigative team has been constituted to probe alleged Rs 40,000 crore banking and corporate fraud by the Anil Dhirubhai Ambani Group under the Prevention of Money Laundering Act, with authority to file additional Enforcement Case Information Reports, examine alleged diversion of public funds and dubious financial transactions, and pursue asset attachment and restitution arising from suspected collusion, connivance and conspiracy among company executives.
February 9, 2026
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MSME lending: collateral-free loan limit raised to Rs 20 lakh; banks may extend to Rs 25 lakh under internal policy.
RBI amended the Master Direction on MSME lending to raise the collateral-free loan limit for micro and small enterprises to Rs 20 lakh, mandating banks not accept collateral for loans up to that amount and advising the same limit for PMEGP units. Banks may, under internal policy and based on borrowers' track record and financial position, dispense with collateral up to Rs 25 lakh and may use Credit Guarantee Scheme cover where applicable; voluntarily pledged gold and silver within the threshold will not breach the mandate. The amendments aim to strengthen last mile credit delivery and align MSME lending with other regulatory changes.
February 9, 2026
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LTCG tax abolition proposed for individual investors and a statutory inflation-linked wage adjustment urged.
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February 9, 2026
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Himachal Pradesh finances face cuts: rollback of subsidies, staff reductions, and pension migration to plug a major revenue shortfall.
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February 9, 2026
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Ukrainian actor in Torres investment fraud case denied bail due to alleged large scale scheme and flight risk.
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February 9, 2026
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Lamborghini crash in Kanpur: medical exam to assess fitness to drive; FIR filed, vehicle seized and investigation ongoing.
Police registered an FIR against an unidentified driver for rash and negligent driving after a Lamborghini crash that injured six; the car was seized and sent for mechanical inspection, CCTV is being analysed to determine speed, and the suspected driver will undergo medical tests to assess whether epilepsy or another condition contributed, with subsequent scrutiny of driving licence issuance and RTO procedures if medical unfitness is found.
February 9, 2026
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February 9, 2026
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Enforcement action seizes crypto and cash from Ahmedabad call centre that coerced victims into gift card payments.
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February 9, 2026
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India energy procurement prioritises diversification and national interest; companies make market-based sourcing choices for secure, affordable supply.
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Lamborghini crash in Kanpur: Tobacco baron's son to undergo medical exam, no arrests yet

February 9, 2026

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Kanpur (UP), Feb 9 (PTI) The tobacco baron’s son allegedly driving the speeding Lamborghini that ploughed into pedestrians, injuring six people, will be examined to ascertain whether he suffers from epilepsy or any other medical condition, police said on Monday, a day after the latest crash involving a recklessly driven luxury car grabbed headlines.

No arrests have been made yet in the accident that took place in broad daylight on Sunday afternoon. An FIR has been registered an “unidentified driver”, officials said. However, Shivam Mishra, son of Banshidhar Exports Pvt Ltd's owner K K Mishra who has been under the IT department’s scanner, is part of the investigation, they said.

The accident involving the Lamborghini Revuelto, an Italian luxury sports car that costs upwards of Rs 10 crore, took place on VIP Road in Kanpur’s upscale Gwaltoli area around 3.15 pm. SHO of the area Santosh Gaur was removed from his post and sent to police lines.

“He failed to follow due procedure after the accident... The lapse amounts to negligence. Immediate action has been taken,” Commissioner of Police Raghubir Lal told PTI.

The place was buzzing with people and vehicles at the time. Recalling the horror, eyewitnesses said the car first hit an autorickshaw and then crashed into a stationary motorcycle, flinging its rider nearly 10 feet into the air.

The car mounted the motorcycle's front wheel and dragged it for some distance before hitting an electric pole and coming to a halt.

The black Lamborghini with a Delhi number plate, DL 11 CF 4018, has been seized and sent for mechanical inspection, police said.

Angry locals gathered at the spot after the accident and surrounded the car, forcing the driver to remain inside. Witnesses alleged that private bouncers accompanying the accused tried to push back the crowd, escalating tensions.

Police rushed to the spot, rescued the driver and shifted him and the injured to a private hospital, officials said.

At the police station, the victims and local residents alleged that associates of the accused misbehaved with them. They also claimed that police was going soft on Mishra due to his family's influence.

Sonu Tripathi, one of the injured, told reporters that he and his cousin were standing near their motorcycle when the car hit them. He said his cousin fell and two other persons were flung onto the footpath.

On Monday, as speculation swirled that Shivam Mishra may have been inebriated, his family stepped into say that he has been suffering from epilepsy.

“We then decided to subject him to a medical examination to check whether epilepsy or another medical condition could have contributed to the crash,” an official said.

Lal said further action would depend on the medical findings.

"If the tests show that he was medically unfit to drive, we will examine how he obtained a driving licence," added Lal. He said the role of officials of the Regional Transport Office (RTO) would also be scrutinised if any violation of norms is found.

“Strict instructions have been issued to complete the investigation within the stipulated time and file the chargesheet at the earliest,” Lal told PTI.

"We will leave no stone unturned to ensure legal action against the accused," he said.

Footage from multiple CCTV cameras installed at nearby shops, traffic intersections and residential buildings is being examined to reconstruct the sequence of events and determine the speed of the vehicle at the time of the crash.

Mishra is under close surveillance to prevent any attempt to evade the investigation, according to police.

The FIR was registered under charges of rash and negligent driving and causing hurt based on a complaint filed by Taufiq, one of the injured.

Taufiq was thrown several metres and suffered serious leg injuries. The remaining injured sustained fractures and bruises, police said.

All injured have been discharged from the hospital.

K K Mishra's Banshidhar Exports Pvt. Ltd. supplies tobacco to gutkha manufacturers in the region.

Officials said the Mishras had come under the scanner of the Income Tax Department in March 2024. The department conducted searches at multiple premises in Delhi and Kanpur, and found luxury vehicles and around Rs 4.5 crore in cash.

Among the seized cars was a Rolls-Royce Phantom, McLaren, Porsche and the black Lamborghini Revuelto involved in Sunday's accident. Many of them bore the distinctive registration number "4018", the official added.

Jewellery and expensive watches were also seized.

Sunday’s accident highlights once again the dangers of powerful cars speeding through often congested streets of India’s cities.

In May 2024, for instance, two IT professionals were killed in Pune after a speeding Porsche, allegedly driven by a minor and the son of a prominent builder, rammed their motorcycle. The case triggered nationwide outrage over juvenile justice laws and drunk driving, and the accused was later ordered to be tried as an adult.

In July last year, a drunk driver of an Audi car allegedly ran over five people, including two couples and an eight-year-old girl, injuring them while they were sleeping on a footpath in Delhi’s Vasant Vihar.

Before that, in March, two labourers were injured when a red Lamborghini allegedly hit them while they were working on a footpath in Noida.

And in 2023, nine people were killed and several injured after a speeding Jaguar car allegedly driven by a businessman’s son rammed into a crowd on ISKCON Bridge in the early hours of July 20, 2023. PTI COR ABN KIS MG MIN MIN MIN

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