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    PM Modi, Estonia prez welcome significant strategic upswing in India-EU ties
    WinZo case: ED attaches Rs 500-crore bank deposits in US, Singapore
    Can't say when I'll return to India; legally barred from leaving UK: Mallya tells Bombay HC
    Save Box app case: ED attaches asset linked to Malayalam actor Jayasurya
    PM Modi, Croatia PM discuss ways to add momentum to bilateral ties
    CCI approves proposed Merger of Hinduja Leyland Finance into NDL Ventures
    CCI approves internal reorganization of Bennett Coleman & Co. Ltd.’s (BCCL) certain businesses etc. into Times Horizon Pvt Ltd (THPL) on a going con...
    CCI approves acquisition of portfolio management services business of Axis Securities by Axis Asset Management Company
    Kerala grants temporary pay relief to 20,000 teachers after SC K-TET ruling
    Indo US Bio-Tech Limited to invest Rs.71.51 crore in Agricultural Innovation and Research and Development by 2030-31
    Delhi govt mandates online application for ration cards, Aadhaar details of all family members
    Can't say when I'll return to India; legally barred from leaving UK: Mallya to Bombay HC
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    Rs 640 crore cyber fraud: SC refuses anticipatory bail to CA in ED case
    PM Modi meets president of Spain, PM of Finland; says India-EU FTA ushers in golden era
    Rising number of Indian freelancers, digital entrepreneurs forming US companies; compliance risks often overlooked, say experts
    imm india 2026 Positions India's Furniture & Interiors Industry for Global Leadership
    Asian shares gain as most regional markets stay closed for Lunar New Year holidays
    Cong cites OCCRP report to allege use of benami funds to amass large stakes in Adani Group
    AU Small Finance Bank Enhances Digital Savings Account Experience for Smarter Everyday Banking
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February 18, 2026
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India-EU free trade agreement accelerates strategic economic and technological cooperation, enabling enhanced talent mobility and digital collaboration.
Prime Minister Modi and Estonian President Karis affirmed that the India-EU free trade agreement will act as a catalyst for deeper economic partnership and committed to leveraging it to expand trade and investment linkages, while intensifying cooperation in AI, digitalisation, e-governance, cybersecurity, startups, skilling, talent mobility, tourism, and clean energy collaboration.
February 18, 2026
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Provisional attachment under PMLA of overseas deposits linked to a real money gaming app for alleged money laundering and algorithmic manipulation.
The Enforcement Directorate issued a provisional order under the Prevention of Money Laundering Act to attach overseas bank deposits held in the names of alleged shell companies linked to Winzo Pvt Ltd, operated and controlled by its promoters, as part of a money laundering investigation into the real money gaming business alleging use of BOTs/AI and restrictions on customer withdrawals; a chargesheet has been filed and cumulative attachments have been reported.
February 18, 2026
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Fugitive economic offender status challenged as absence due to passport revocation and UK travel prohibition.
The petitioner challenges his designation as a fugitive economic offender and the constitutional validity of the Fugitive Economic Offenders Act, asserting he cannot specify a return date because his Indian passport was revoked and English and Welsh court orders prohibit him from leaving; counsel contends absence stems from international legal constraints and need not bar the High Court from hearing the petitions. The bench directed the Union government to file its reply and posted the matter for further hearing.
February 18, 2026
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Provisional attachment under PMLA used to secure asset linked to alleged investor cheating and diverted endorsement proceeds.
Provisional attachment under the Prevention of Money Laundering Act was used to secure an immovable property in Kerala linked to proceeds allegedly generated through cheating by an online bidding application, with investigators tracing diverted funds to celebrity endorsement payments, cryptocurrency trading losses and personal expenses and issuing a provisional order to preserve the property equivalent to the identified proceeds.
February 18, 2026
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Free trade agreement momentum boosted as leaders discuss cooperation across technology, shipbuilding and corridor connectivity.
Leaders focused on strengthening bilateral ties by promoting a Free Trade Agreement and enhancing cooperation in technology, innovation, shipbuilding, blue economy, and connectivity via the India Middle East Europe Economic Corridor. Croatia flagged increased trade and opportunities in logistics, maritime transport, digital transformation, defence and security, and emphasised its gateway role linking the Three Seas Initiative with the IMEC corridor. The visit occurred alongside the AI Impact Summit, framing AI's policy relevance to these economic agendas.
February 18, 2026
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Merger approval: consolidation of an NBFC's asset finance business into an inactive holding entity cleared, detailed regulatory order to follow.
The Competition Commission approved the proposed merger of Hinduja Leyland Finance Limited into NDL Ventures Limited, enabling consolidation of Hinduja Leyland Finance's asset finance activities-small ticket retail and vehicle loans, loan against property and housing loans-into NDL Ventures, which presently has no active business; a detailed regulatory order and any conditions will follow.
February 18, 2026
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Competition approval for internal reorganisation permits transfer of specified BCCL businesses to newly formed THPL on going concern basis.
Competition Commission approval granted for an internal reorganisation by Bennett Coleman & Company Limited to demerge and transfer specified entities, businesses, undertakings, assets and liabilities (EIBME Business) into newly incorporated Times Horizon Private Limited on a going concern basis, with further detailed order to follow.
February 18, 2026
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Competition approval for acquisition of portfolio management services business, consolidating PMS activities under an asset manager.
The Competition Commission of India has approved an acquisition in which Axis Asset Management Company Limited will acquire the portfolio management services business of Axis Securities Limited in India. The Acquirer manages a mutual fund business, provides portfolio management services, and manages alternative investment funds across Category II and Category III; the Target Business comprises the Transferor's portfolio management services in India. A detailed order will follow.
February 18, 2026
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Teacher eligibility requirement: temporary pay preserved for affected teachers pending K-TET compliance within the prescribed compliance period.
Following the court's removal of a pre-existing exemption, the State will grant temporary pay-scale approval to teachers appointed before the ruling's effective date provided they clear K-TET within the prescribed compliance period; equivalent qualifications are accepted and promotions will be considered after legal advice. The State will also re-fix posts to include students with Aadhaar EIDs or pending corrections to remedy staff losses caused by Aadhaar data discrepancies.
February 18, 2026
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Agricultural innovation investment roadmap drives company expansion into exports, joint ventures and multiyear seed R&D projects.
Indo US Bio-Tech Limited's roadmap commits to phased investments in infrastructure, capacity and crop-specific multi-year R&D through 2030-31, including a high-tech greenhouse, a 5,000 sq. ft. seed processing plant with dedicated machinery, processing capacity modernization, a joint venture groundnut seed plant, and multiple staged tomato, bottle gourd, chilli and brinjal breeding and commercialization projects, alongside a strategic export push into the US and African markets with staged pilot-to-full-scale operations.
February 18, 2026
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Aadhaar linkage: Delhi mandates household Aadhaar for online ration card applications, with verification and eligibility checks.
Delhi mandates online applications via the e-district portal for new ration cards with Aadhaar numbers for all family members and supporting residence and income documentation. Food supply officers will scrutinise and verify applications, forwarding eligible cases to assistant commissioners and a district-level committee which applies Delhi Food Security Rules, 2026 and the SOP, enforces exclusion criteria, prioritises needy applicants, maintains a waiting list, and routes appeals to the Public Grievance Commission as State Food Commission.
February 18, 2026
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Fugitive economic offender status limits challengeability while the declared person is legally barred from leaving a foreign jurisdiction.
This matter concerns a challenge to a declaration under the Fugitive Economic Offenders regime and a constitutional challenge to the Act, where the petitioner states he cannot return because his Indian passport was revoked and English and Welsh orders bar his departure, and the court has invited the government to reply while indicating it will not hear the challenge to the declaration until the petitioner returns.
February 18, 2026
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Trade agreements driving investment: operationalising TEPA and sectoral cooperation to convert agreements into industrial collaboration and investments.
India emphasises an expanding trade architecture providing a durable framework for trade, industrial collaboration and long-term investments, supported by domestic regulatory and budgetary reforms to ease compliance. Discussions focused on operationalising the TEPA with the European Free Trade Association (EFTA) and on sectoral cooperation in renewables, carbon capture, rare earths, green tech, maritime, fisheries, semiconductors and financial services, with presentations outlining bilateral investment potential and mechanisms to translate agreements into practical cooperation.
February 18, 2026
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Anticipatory bail denial in money laundering probe tied to cyber fraud highlights custodial interrogation necessity.
Refusal of anticipatory bail to a chartered accountant in a PMLA investigation stemmed from an alleged intricate mesh of laundering involving layering through thousands of mule accounts, use of an overseas payment platform and cross border cash withdrawals; the high court held custodial interrogation necessary to unravel transactions crafted by skilled professionals and to secure electronic evidence, distinguishing ordinary cryptocurrency dealings from an organised scheme to siphon investors' funds and noting allegations of assault, bribery and destruction of electronic material.
February 18, 2026
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India-EU Free Trade Agreement expands economic ties and drives technology, defence and education cooperation across Europe and India.
The India EU Free Trade Agreement is presented as the principal catalyst for deeper India-Europe economic relations, expected to expand market access and commercial opportunities. Bilateral meetings with Spain and Finland focused on leveraging the FTA to strengthen economic partnership and targeted cooperation in defence, security, advanced technologies (including AI and 6G), clean energy and higher education, while India's AI Expo serves as a platform to operationalise joint technology, startup and institutional collaboration.
February 18, 2026
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Foreign owned US LLC compliance: nonresident owners face mandatory IRS reporting and parallel Indian tax and FEMA obligations.
Nonresident ownership of US single member LLCs triggers an annual IRS Form 5472 filing obligation with steep per form penalties for non filing; this filing must be submitted by mail or fax. The US FinCEN BOI exemption for domestically formed entities does not remove Form 5472 duties. Indian residents must report and tax worldwide income and may face FEMA and Overseas Direct Investment reporting requirements, so professional cross border tax and FEMA advice is recommended before formation.
February 18, 2026
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Tariff elimination boosts India's export competitiveness, enhancing global sourcing and buyer engagement through imm india's trade platform.
Trade-policy shifts, notably the EU-India Free Trade Agreement, have eliminated or substantially reduced import duties on several Indian furniture categories, lowering average tariffs and simplifying customs procedures. imm india 2026 is structured as a B2B trade platform-featuring a Hosted Buyer Programme, The Sourcing Hub, curated showcases, and industry alliances-to enable direct sourcing, streamline buyer-seller engagement, and translate tariff and customs liberalisation into expanded export market access for Indian manufacturers.
February 18, 2026
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Trade tariffs reshape investment flows as US-Japan deal ties increased export levies to large bilateral investment commitments.
A bilateral trade arrangement between Japan and the United States is reported to include a substantial Japanese investment pledge in the US and an associated increase in export tariffs on Japanese goods, while a Japanese subsidiary's participation in a major US natural gas facility links cross border investment commitments to energy project involvement, framing market movements alongside investor concerns about overinvestment in AI infrastructure and resultant volatility.
February 18, 2026
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Benami funds allegations prompt call for parliamentary probe amid claimed regulatory inaction and governance failures.
Allegations assert the use of benami funds by close associates to amass significant stakes in a corporate conglomerate through intermediaries and trading firms, accompanied by claims of over-invoicing, cross-border transfers, and an alleged bribery scheme to secure contracts; these claims form the basis for demands for a parliamentary inquiry into corporate ownership concealment and associated governance failures amid perceived regulatory and enforcement inaction.
February 18, 2026
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Digital savings account transparency improves customer decision-making through instant account opening, UPI integration and built in interest tools.
AU Small Finance Bank's enhanced digital savings account focuses on instant digital account opening, UPI integration, 24x7 mobile banking, contactless debit card capabilities, and an integrated savings account interest rate calculator that provides transparent interest rate visibility to help customers evaluate returns, plan finances, and maintain liquidity while supporting financial inclusion.

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Dead economy: Only thing that is dead is certain people's confidence in India, says Milind Deora

February 10, 2026

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New Delhi, Feb 10 (PTI) Taking a dig at Rahul Gandhi's "dead economy" remarks on India, which echoed comments made by US President Donald Trump, Shiv Sena Rajya Sabha member Milind Murli Deora on Tuesday said the only thing that is dead is certain people's confidence in India and its economy, with only their hatred for the country alive.

Participating in a discussion on Union Budget 2026-27, Deora asked if India's economy was indeed dead, why did the EU signed "the biggest trade deal" with India and not with China or the US and asserted all countries in the world want to do trade with India and want to sign trade deals.

"Some people overseas and more importantly right here had the wilful ignorance to call our economy dead," he said, without naming Gandhi and Trump.

If India's economy is dead, he asked how is India the fastest growing major economy in the world; how is UPI processing over 70 crore transactions per day making India the global leader in real time digital payment.

Similarly, he pointed out that the 'Jan Dhan Yojna' alone brought 50 crore Indians into the formal banking system and transferred Rs 41 lakh crore directly to citizens saving Rs 3.5 lakh crore of tax payers money by preventing leakages and inefficiencies.

Besides, gross GST revenues increased from Rs 11 lakh crore in 2020 to Rs 22 lakh crore in 2025, effectively doubling over four years, he said, adding these would not have been possible if the Indian economy was dead.

"If the Indian economy is dead, why did the Europeans sign the biggest trade deal with India and not with China or the United States?," Deora asked.

All the countries in the world across continents want to do trade with India and want to sign trade deals with India, he said, adding "these are being done on our terms not on their terms".

"The only thing that is dead is certain people's confidence in India, in India's economy and India's people. The only thing that is alive is their hatred for India," Deora said.

Countering senior Congress leader P Chidambaram's remarks on lack of private sector investment, he said,"Private sector investments have peaked to Rs 6.5 lakh crore in 2024, which is 66 per cent more than the figure in 2021." He alleged that "draconian" amendments brought by the former finance minister in the Prevention of Money Laundering Act made it hard for entrepreneurs to do business in this country and also blamed the UPA government for ignoring the manufacturing sector, a key for creating jobs.

"When the previous governments have completely ignored manufacturing and had written off manufacturing, this government has used PLI (to boost manufacturing)... in the last ten years there has been a tectonic shift in thinking about manufacturing," Deora said, adding Rs 24,000 crore have been spent on PLI and 12.5 lakh jobs created in this country.

He said the budget was presented amid a very volatile and disruptive world and when there is political and economic instability in the world, India stands alone as a rare island of macro-economic growth and stability.

Surendra Singh Nagar (BJP) also lauded the Budget saying it is an important step towards Viksit Bharat and said the spending on infrastructure will help propel India towards its goals, while helping its citizens fulfil their aspirations.

Opposition members, however, continued their attack on the government over the budget.

Kanimozhi NVN Somu (DMK) termed the Union Budget 2026-27 as a "failed budget" which is anti-poor and detached from the country's reality.

She said there is no relief for workers, farmers and the middle class and continues to favour corporates.

Similarly, Neeraj Dangi (Congress) said how stock markets crashed on the day when the budget was announced showed how the budget was many investors lost "lakhs of crores" of rupees, failing to meet the expectations of investors, market and common people.

Sukhendu Sekhar Ray (TMC) criticised the government for failing to come up with concrete steps to address unemployment while highlighting the challenges faced by jute industries. PTI RKL RKL DR DR

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