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    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
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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.
February 18, 2026
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Business correspondent operationalisation advances as banks urged to scale services and complete digital monitoring and geotagging.
Monitoring Committee reviewed operational and governance aspects of the Business Correspondent model, noting implementation of a Business Correspondent Registry that identifies duplicate BCs and captures service and performance records; member banks completed geotagging of BC points and are using digital monitoring tools. The Committee advised banks to scale up and expand services at BC outlets, and discussed commission structures in remote areas, grievance resolution for BC organisations, and coordination to strengthen performance monitoring and financial inclusion.
February 17, 2026
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People's budget shaped by public suggestions to advance development priorities while maintaining fiscal discipline in state finances.
The upcoming state budget is characterized as a people's budget shaped by public suggestions, with over twelve thousand submissions and several thousand to be incorporated. It follows prior budget commitments-248 announcements with seventy-seven implemented and most others near completion-and is presented against strengthened fiscal metrics: rising GDP and per capita income, increased own revenue, broad departmental expenditure, fiscal deficit within FRBM limits, and a higher central tax share under the 16th Finance Commission. Socio economic gains cited include employment growth, expanded higher education, MSME formalisation, and export increases.
February 17, 2026
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Trade deal protections for farmers: government assures imports will be allowed only where farmer interests are safeguarded.
The minister stated the interim India-US trade agreement includes safeguards to prevent harm to farmers while allowing necessary imports to address domestic shortages; he defended policy choices on MSP orientation, procurement and buffer stocks as central to protecting farmer interests, and announced Bharat-VISTAAR, an AI-based platform to deliver market prices, crop advice, weather updates and scheme information to enhance farmer welfare and transparency.
February 17, 2026
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PMLA bail conditions prevent release where alleged large-scale fund diversion, multiple FIRs and risk of evidence tampering exist.
Denial of regular bail under the Prevention of Money Laundering Act followed allegations that the accused diverted homebuyer funds, leaving major construction incomplete; investigative records and account certifications showed a large shortfall between amounts collected and expenditure, and the accused was named in multiple FIRs and charge-sheets. The court found a strong possibility of reoffending or tampering with evidence if released and held that the PMLA twin bail conditions-opportunity for the prosecutor to oppose bail and judicial satisfaction of non-guilt and non-recidivism-were not satisfied.
February 17, 2026
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Secured shareholding: Byju's stake in Aakash to remain secured pending NCLAT disposal; TLPL allowed to subscribe.
Aakash undertook in the Supreme Court that Byju's shareholding in Aakash shall remain secured until disposal of the interlocutory application before the NCLAT; the Court recorded that undertaking and gave Byju's parent a limited period to subscribe to the second tranche of the rights issue. The dispute arises from TLPL's challenge to the rights issue amid TLPL's insolvency proceedings, and the NCLAT has permitted TLPL to apply for shares up to its original entitlement while restraining Aakash from taking matters requiring a special resolution until the dispute is adjudicated.
February 17, 2026
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Reporting requirement for local-currency foreign exchange derivatives now covers related-party global transactions; stakeholders invited to comment.
The Reserve Bank proposes draft Directions requiring Authorised Dealer Category - I banks to report foreign exchange derivative transactions involving the Indian currency undertaken by their related parties globally, extending trade repository coverage to offshore rupee derivative flows to enhance market transparency and pricing. The measure builds on earlier requirements for market-makers, primary dealers, and banks to report OTC and rupee interest-rate derivatives, and is published for stakeholder consultation with specified submission procedures.
February 17, 2026
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Customs digitisation shortens clearance times, enabling asset-backed logistics expansion aligned with infrastructure-focused trade reforms.
Union Budget emphasis on multimodal freight connectivity and customs modernisation is expected to reduce structural logistics costs and improve transit predictability. Glottis Logistics will invest in trailers and container assets to increase owned capacity, reduce third-party dependence and strengthen execution across trade corridors. Concurrent customs digitisation measures-electronic cargo sealing, non-intrusive inspections and extended duty deferment for authorised operators-aim to shorten clearance times and ease working capital pressures, making asset-backed operators with disciplined capital allocation better positioned to capture long-term trade competitiveness gains.
February 17, 2026
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Draft directions on foreign exchange dealings invite public comment to broaden authorised dealers' flexibility in products, risk management and platforms.
The Reserve Bank has issued draft Directions on Foreign Exchange Dealings of Authorised Persons and invited stakeholder comments. The draft seeks to refine regulation by expanding facilities and operational flexibility available to authorised dealers, focusing on foreign exchange products, risk management and trading platforms. It forms part of regulatory updates announced in the recent Statement on Developmental and Regulatory Policies, and specifies submission channels for public feedback.
February 17, 2026
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Health insurance co-payment options enhance CGHS beneficiary coverage with cashless hospitalization access and flexible network choices.
Paripoorna Mediclaim Ayush Bima is an optional indemnity-based in patient hospitalization policy exclusively for CGHS beneficiaries, coverable up to six members per policy. The product offers selectable co-payment sharing ratios between insurer and subscriber, cashless treatment through insurer and Third Party Administrator networks, and is promoted as a retail complement to existing CGHS benefits with a GST exemption to improve affordability.
February 17, 2026
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Economic security tied to self-reliance and trusted partners as trade deals reshape export controls and supply chains.
India is intensifying engagement from a position of strength, using recent trade agreements to strengthen economic security through self reliance, trusted partners, supply chain diversification and de risking in response to weaponised production, tightened export controls, market leverage and tariff induced demand uncertainty.
February 17, 2026
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Financial performance: Axis Max Life posts strong premium and profitability growth, boosting market share and new business margins.
Axis Max Life's 9M FY26 results show 20% YoY growth in Individual Adjusted First Year Premium to Rs. 6,396 crores and a 30% YoY increase in Value of New Business to Rs. 1,633 crores, with New Business Margin at 23.6% and private market share rising by 53 basis points to 9.8%; renewal premium, gross written premium, Embedded Value and Assets Under Management also registered double digit growth, while the release includes a standard disclaimer on forward looking statements and investment reliance.
February 17, 2026
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Money laundering probe: Tina Ambani skips ED summons; investigation targets alleged fraudulent foreign remittance and property sale.
Tina Ambani failed to appear for a second ED summons in a PMLA investigation concerning an alleged money trail tied to a Manhattan condominium purchase; she has been issued a fresh notice and will be questioned with her statement recorded under the Prevention of Money Laundering Act. The ED alleges a fraudulent sale of the New York property during a corporate insolvency process and that sale proceeds were remitted via a sham investment arrangement through a Dubai-based entity without the Resolution Professional's knowledge. The agency has arrested a former executive, formed a Special Investigation Team, attached assets, and filed multiple Enforcement Case Information Reports against group companies.
February 17, 2026
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Goods and Services Tax expansion lifted revenues and IGST settlements, backed by tech-driven compliance and targeted small-taxpayer measures.
GST receipts in the Union Territory rose steadily over three years, with concurrent IGST settlements from the Centre reflecting the destination-based tax design. The unified Goods and Services Tax (GST) regime and technology-enabled compliance (online registration, return filing, refunds, e-way bills) strengthened tax administration and widened the tax base. Administrative measures-Composition Scheme, quarterly returns, QRMP and district Suvidha Kendras-aim to ease compliance for small taxpayers, while sector-specific rate rationalisation and concessional inputs support handicrafts, horticulture and tourism. Remaining issues for small and unorganised producers include compliance burdens and IGST refund delays, which authorities are addressing through simplification and support.
February 17, 2026
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Exports growth drives trade expansion with larger services surplus despite a widening merchandise trade deficit in estimates.
India's combined merchandise and services exports for April-January 2025-26 are estimated at US$ 720.76 billion, up year on year, while combined imports are estimated at US$ 823.41 billion, producing a wider trade deficit; merchandise exports were US$ 366.63 billion and non petroleum exports US$ 320.94 billion, with services exports driving a services surplus of US$ 180.58 billion for the period.
February 17, 2026
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Vote on account authorizes provisional state expenditures to maintain services pending a full election year budget.
An interim state budget was presented seeking a vote on account to authorize provisional expenditures for the initial months of the 2026-27 financial year, enabling continuity of government services pending a full budget. The finance minister framed the vote on account alongside reported strong GDP expansion and rising per capita income to contextualize fiscal planning in the election year.

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Fermenta 9MFY26 Consolidated Revenues up 25% YoY; Net profit up 20% YoY

February 10, 2026

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On the back of strong growth in Vitamin D3 - Human Nutrition: • Consolidated Revenue for 9MFY26 INR 421.2 crore, up by INR 83.6 crore YoY • Consolidated EBITDA for 9MFY26 INR 97.2 crore, up 20% YoY • Q3FY26 Consolidated Revenues INR 140.5 crore, down 11% YoY; up 4% QoQ MUMBAI, India, Feb. 10, 2026 /PRNewswire/ -- Fermenta Biotech Limited (BSE: 506414) (Bloomberg: FERMENTA.IN) (Reuters: FERM.BO), India's leading manufacturer of premium-grade APIs, intermediates, and mixes of vitamins and minerals for the global markets, today announced that its consolidated revenue (other than from real estate) for the nine months ended 31 December 2025 was INR 413.6 crore, up 41% from the same year-ago period; EBITDA for the nine months ended 31 December 2025 was INR 95.1 crore, up 86% from the same year-ago period on the back of strong growth in Vitamin D3 - Human Nutrition. Fermenta Biotech Limited Logo Key financials (consolidated) without real estate Q3FY26 9MFY26 Revenue INR 138.4 crore (up 15% YoY, up 3% QoQ) INR 413.6 crore (up 41% YoY) EBITDA INR 27.9 crore (up 13% YoY, down 12% QoQ) INR 95.1 crore (up 86% YoY) Key financials (consolidated) with real estate Q3FY26 9MFY26 Revenue INR 140.5 crore (down 11% YoY, up 4% QoQ) INR 421.2 crore (up 25% YoY) EBITDA INR 28.1 crore (down 49% YoY, down 12% QoQ) INR 97.2 crore (up 20% YoY) Profit after tax INR 12.0 crore (down 68% YoY, down 33% QoQ) INR 51.7 crore (up 20% YoY) EPS (diluted) INR 4.87 INR 18.47 Revenue mix (consolidated) 9MFY26 (INR crore) 9MFY25 (INR crore) YoY change (%) Nutrition Business Vitamin D3 – Human Nutrition 230.8 152.8 +51 % Vitamin D3 – Animal Nutrition 85.5 58.7 +46 % Others 24.1 31.1 -23 % Other Business Other APIs and Intermediates 29.5 25.6 +15 % Green Chemistry Solutions / Enzymes 9.0 5.5 +64 % Environmental Solutions 18.4 13.6 +35 % Other Income 22.3 14.2 +57 % Value Unlocking Real Estate 1.6 36.0 -95 % Performance highlights • Human nutrition segment volumes grew 46% over 9MFY25 • Animal nutrition segment volumes grew 52% over 9MFY25 and average realization down by 8% over 9MFY25 • Green chemistry sales in 9M FY26 surpassed those in full-year FY25, with 9M FY26 sales at INR 9 crore compared with INR 7 crore in FY25 • Other Income includes non-recurring insurance claim received amounting to INR 2.7 crore in Q1FY26 and 9MFY26 • Our German toll manufacturing subsidiary's 9MFY26 revenue was INR 65.4 crore, up 147% YoY from the same period a year ago, with EBITDA at INR 11.2 crore, up 28% YoY. Our US trading business subsidiary's 9MFY26 revenue was INR 37.5 crore, up 4% from a year ago, with EBITDA at INR 1.1 crore loss against INR 1.6 crore profit in the same period a year ago. • Continued utilisation of slow moving semi-finished inventory used in animal feed production resulted in further reversal of INR 2.0 crore in the current quarter. • The Board of Directors of the Company at its meeting held on 19 September 2025 approved transfer of the 'Environment Division' as a going concern on a slump sale basis, effective 01 October 2025, to its wholly owned subsidiary, Fermenta Environment Solutions Private Limited, for a sales consideration of INR 19 crore. • On 21 November 2025, the Government of India notified four new Labour Codes, which have resulted in a one-time, exceptional expense of INR 2.19 crore towards employee benefits. • On 10 December 2025, the Board approved INR 110 crore capex at Dahej for plant-based Vitamin D3 (with Indian patent protection), green chemistry enzymes (CAL-B Lipase and Penicillin G Acylase), and Vitamin D3 derivatives, reinforcing Fermenta's leadership in sustainable biocatalysis and Vitamin D3 innovation. Commenting on the results, Prashant Nagre, Managing Director, said: "The turnaround of FY25 was further confirmed in 9MFY26. While growth of revenue, excluding that from real estate unlocking, was 57% in FY25 over FY24, in 9MFY26 revenue was already 96.9% of that achieved in full FY25. Our 9MFY26 EBITDA (excluding real estate) demonstrates robust operational leverage—in just nine months of FY26, we have already surpassed our full-year FY25 EBITDA by 14.1%. While human nutrition volumes grew by 43% in FY25 over FY24, we have further seen the volumes grow by 46% in 9MFY26 over 9MFY25. Our sustained volume momentum, combined with improving margins, positions Fermenta well for continued value creation We remain focused on scaling our core human nutrition business while exploring strategic opportunities Our INR 110 crore capex at Dahej will establish commercial-scale production of plant-based Vitamin D3—for which we hold Indian patent protection—alongside expanded enzyme capacity and new Vitamin D3 derivatives. This strengthens our position as one of the world's leading fully integrated Vitamin D3 manufacturers while positioning us at the forefront of sustainable biocatalysis." Geographical Revenue Mix (consolidated) excluding real estate value unlocking 9MFY26 9MFY25 Change (%) India 39 % 41 % -2 % Europe 32 % 25 % +7 % North America 13 % 18 % -5 % Others 16 % 16 % 0 % About Fermenta Biotech Limited Fermenta Biotech Limited (www.fermentabiotech.com) delivers best-in-class, science-validated nutritional ingredients across pharmaceuticals, dietary supplements, food & beverage, veterinary, and animal nutrition industries. Our state-of-the-art manufacturing facilities located at Kullu (Himachal Pradesh), Dahej (Gujarat), and Tirupati (Andhra Pradesh), supported by the R&D Excellence Centre at Thane (near Mumbai) drive Fermenta's comprehensive portfolio of premium vitamins, nutritional premixes and ingredients that exceed the unique needs and stringent regulatory standards of over 400 discerning customers in more than 60 countries. With decades of expertise at global-scale complex manufacturing, Fermenta also provide research-based custom solutions in green chemistry, APIs & intermediates, and environmental solutions. Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this release. Such information and opinions are in all events not current after the date of this release. Certain statements made in this release may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Fermenta Biotech Limited ("Company" or "FBL" or Fermenta), which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this release are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This release is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This release does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. This release is confidential and may not be copied or disseminated, in whole or in part, and in any manner. Contact Varadvinayak Khambete| [email protected] Logo: https://mma.prnewswire.com/media/2740927/5437566/Fermenta_Biotech_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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