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    Gujarat's debt rises to Rs 3.99 lakh cr in 2024-25 as per revised estimates: Desai in assembly
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February 19, 2026
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Public debt increase signals higher state debt servicing obligations under revised estimates and disclosed budget figures.
Gujarat's revised estimates for 2024-25 show total public debt rising from Rs 3,52,718 crore in 2023-24 to Rs 3,99,633 crore, with interest payments and principal repayments disclosed as Rs 24,964 crore and Rs 26,136 crore for 2023-24, and Rs 25,945 crore and Rs 29,086 crore respectively for 2024-25; these figures were tabled in the state assembly alongside the 2026-27 Budget presentation.
February 19, 2026
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Tariffs on imports reshape trade incentives and pricing, prompting import timing and affecting customs revenues and consumer prices.
Presidentially imposed tariffs function as a tax on US importers often passed to consumers, shift commercial incentives by prompting import timing to avoid higher duties, and can be used to protect domestic industry and raise Treasury revenue; these effects influence trade flows, customs liabilities, and have produced only a muted aggregate inflationary impact while contributing to observed annual changes in the goods-and-services trade gap.
February 19, 2026
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Industry-specific AI chips drive Tata's semiconductor and AI infrastructure expansion through strategic partnerships and vertical solutions.
Tata Group is pursuing industry-specific AI chips and an industrial AI operating system while expanding semiconductor fabrication and packaging capacity, data centre AI hosting, and strategic partnerships to enable vertical AI solutions, with initial chip efforts focused on automotive applications.
February 19, 2026
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Digital accessibility compliance elevated to enterprise governance, integrating audits, remediation, documentation and continuous monitoring.
Digital accessibility is framed as an enterprise compliance and governance requirement to be embedded in procurement, engineering and risk management frameworks, aligned to standards such as WCAG 2.2, ADA, and Section 508. The firm proposes a combined advisory and technology approach - expert audits, VPAT/ACR documentation, remediation advisory, automation, developer enablement, and continuous monitoring - to convert regulatory obligations into operational discipline, procurement readiness, and managed accessibility risk across regulated sectors.
February 19, 2026
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Sovereignty concerns over trade pact: alleged compromise of farmers, regulatory protections and energy procurement autonomy.
The proposed India-US framework is alleged to compromise sovereignty and economic self reliance by opening India's agricultural market to zero duty US farm and food products, permitting duty free imports of specified processed grains, oils and cotton that threaten domestic producers, and by requiring removal of non tariff barriers which could erode subsidies, regulatory protections and seed biodiversity; it is also said to constrain energy security by limiting procurement autonomy and imposing large bilateral purchase commitments.
February 19, 2026
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Equity investment creates a minority ownership stake and strategic partnership, with regulatory and privacy forward looking disclosures.
Cristiano Ronaldo acquired a 10% equity interest in HBL Pro2col Software, LLC, accompanying an investment and a commitment of services and sponsorship rights to support Herbalife's Pro2col personalized health platform; Herbalife has begun a phased beta rollout and frames the initiative within forward looking statements that identify regulatory, data protection, AI governance, FTC consent order compliance, international operating, tax, intellectual property, cybersecurity and other business risks.
February 19, 2026
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Cross-border trade facilitation: rivexa advances digital export pathways and sustainability for Indian MSME global market access.
rivexa hosted rivOlution 2026 to advance digital facilitation of cross-border trade and broaden MSME market access by offering an integrated export platform-supplier discovery, quality assurance, production monitoring, and payment/finance solutions-to enhance visibility, credibility, and execution across export supply chains while promoting sustainability and ESG-aligned compliance.
February 19, 2026
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EMI financing enables consumers to acquire branded air conditioners through flexible tenures and zero down payment options.
Promotional offers couple branded air conditioner sales with Easy EMI loans and an EMI Network Card permitting flexible tenures, zero down payment options, paperless point-of-sale conversion, and online pre-approved eligibility verification by mobile number and OTP; pricing and offers are location- and retailer-dependent and subject to change.
February 19, 2026
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Re-enacted Boilers Act strengthens safety framework; stakeholders invited to streamline compliance and boost industry innovation.
The Boilers Act, re-enacted as the Boilers Act, 2025 and operational from 1 May 2025, was retained and reviewed to maintain a safety-focused regulatory framework; the Chintan Shivir solicited stakeholder feedback on the Act and subordinate rules, sought suggestions to rationalise regulations and reduce compliance burden, and addressed implementation issues including roles of Third-Party Inspecting Authorities and Competent Persons.
February 19, 2026
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Salary account package expands banking, insurance and card benefits to central government employees through PSB facilitation camps.
The Department of Financial Services launched a Salary Account Package for Central Government employees delivered via PSB organised facilitation camps, with PSBs as nodal banks coordinating with Ministries/Departments to ensure participation. The integrated Package covers banking, insurance and cards, offering zero balance accounts, free remittances and cheque facilities, concessions on locker rental and loan processing, concessional loan rates for housing, education, vehicle and personal loans, enhanced card benefits, and layered insurance protections including accident, disability, life and medical cover.
February 19, 2026
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NDPS Act enforcement uncovers clandestine synthetic drug laboratory, leading to seizure of drugs, chemicals, equipment and arrests.
Enforcement under the NDPS Act led to interception of suspects with concealed high-purity methamphetamine and admissions linking the consignment to a clandestine laboratory; coordinated multi-branch searches located a chemically hazardous manufacturing facility equipped with modern machinery and bulk chemicals, which was secured with PPE and dismantled with technical assistance, and all recovered contraband, chemicals and equipment were seized under the Act while suspects were charged or detained under relevant provisions.
February 19, 2026
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Initial public offering announces book built issue with retail/institutional allocation and offshore sale under Regulation S.
The company is making an initial public offering via a book building process with a disclosed price band, specified bid period and minimum lot requirements; the fresh issue proceeds will fund store expansion and general corporate purposes. Allocation among investor categories is set between qualified institutional buyers, non institutional bidders and retail individual bidders. The RHP has been filed with the RoC and is available on regulator, exchange and company websites; the shares are not registered under the U.S. Securities Act and will be offered offshore under Regulation S, with SEBI and exchange disclaimers noted.
February 19, 2026
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Cross-border trade facilitation expands as Yiwu strengthens digital trade infrastructure and foreign business integration.
Overview of Yiwu's role in facilitating international trade and community governance through infrastructure, business registration, and local dispute-resolution mechanisms. It highlights significant import-export activity, growth in cross-border e-commerce, the Global Digital Trade Centre, expanded rail connectivity, and a high density of registered foreign-invested entities that enhance trade facilitation and digital transactions.
February 19, 2026
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PMLA summons prompt fresh ED questioning over alleged money trail and disputed property sale.
Fresh summons under the Prevention of Money Laundering Act require the Reliance Group chairman and his spouse to give separate statements in an ED money laundering inquiry concerning an allegedly fraudulent sale of a Manhattan condominium, a related cross border remittance routed through a foreign entity, the arrest of a former executive, the constitution of a special investigation team, filing of ECIRs, and asset attachment measures.
February 19, 2026
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State GST eligibility and transport subsidy shaping a local tea auction centre to retain value and improve price realisation.
Establishment of a local tea auction centre at Gurkhabasti aims to internalise tea transactions, improve price realisation for Tripura producers, and reduce time and transport costs. The Tripura Tea Development Corporation will provide a transport subsidy from its own resources to enhance viability. Converting outbound auctioning into in-state auctions is expected to affect State GST eligibility and receipts, thereby altering the fiscal profile of tea transactions and retaining value within the state supply chain.
February 19, 2026
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Memorandum of Understanding renewal strengthens academic collaboration, joint research, faculty exchanges and capacity building between institutions.
Memorandum of Understanding renewal establishes a five-year institutional framework for academic collaboration between IICA and NALSAR, formalising faculty and student exchanges, joint research and publications, expert advisory services, and the organisation of workshops, seminars and conferences; it consolidates a two-year residential LL.M. programme in Insolvency and Bankruptcy Laws combining academic instruction and industry exposure.
February 19, 2026
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Ease of Doing Business reforms to rationalise e-forms and streamline corporate compliance through digital governance and consultations.
A high-level Advisory Group on Ease of Doing Business will recommend measures to rationalise e-forms and simplify corporate compliance under the Companies Act by reducing duplicative filings through consolidation, automation and event-based processing, develop an Integrated Form Blueprint and a phased implementation roadmap, conduct stakeholder consultations and impact assessments, and propose draft amendments to support a modern, transparent, technology-driven corporate regulatory framework; the School of Business Environment, IICA, will serve as Secretariat and a research MoU with the Ministry will produce evidence-based recommendations.
February 19, 2026
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National accounts methodology revised to adopt new data sources and updated compilation methods aligning quarterly and annual estimates.
Revision of national accounts introduces new administrative and survey data, disaggregated modeling, and updated rates to improve sectoral estimates. Corporate sector changes include activity wise revenue splitting and disaggregated Paid up Capital multipliers; government estimates add imputed housing services and wider coverage; household estimates move to annual direct estimation using specific surveys. PFCE uses a mixed survey/production/commodity flow approach with COICOP 2018, and quarterly benchmarking adopts Denton proportional benchmarking to align QNA with annual accounts.
February 19, 2026
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Trade tariffs nullified by national economic strength - call for self-reliance and firmness in external trade relations.
India's prospective leadership of the Global South and economic self-reliance were foregrounded, asserting that strengthened national capacity will nullify the effect of external tariffs and reduce foreign leverage. The speaker urged firmness in trade relations, linked social harmony and a shared Hindu identity to national unity, advocated moving temple administration from government control to devotees, and highlighted village-level development work including education, dispute resolution, land access, and local employment.
February 18, 2026
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Sovereign energy policy: India's continued purchase of Russian hydrocarbons seen as mutually beneficial despite US claims.
Russia's Foreign Ministry states it has no reason to believe India has changed its position on purchasing Russian hydrocarbons, asserting such purchases are mutually beneficial and help maintain international energy market stability. The statement rebuts US claims that India agreed to stop importing Russian crude, notes that India has not confirmed Washington's assertion, and characterises previous US actions - tariffs, sanctions and prohibitions - as coercive measures intended to dissuade countries from buying Russian oil.

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LaundryMate Launches ‘LaundryMate Sprint’, India’s First 4-Hour Laundry and Dry Cleaning Delivery Service

February 10, 2026

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Gurugram (Haryana) [India], February 10: LaundryMate, a Bengaluru-headquartered, app-led doorstep laundry and dry-cleaning brand, has entered the Gurugram market with the launch of LaundryMate Sprint, the city’s first-ever 4-hour dry-clean and laundry delivery service, tailored for the fast-paced lifestyle of urban consumers in the millennium city. LaundryMate Sprint offers doorstep pick-up within 45 minutes and a 4-hour turnaround timeline from pickup to delivery for all services, including dry cleaning, wash & iron, and steam ironing. In addition to its express delivery model, the store also entertains walk-in customers who prefer to drop and pick up their items directly. Backed by LaundryMate’s existing 24-hour full-service delivery model in Gurugram, an approach already proven successful in Bengaluru and trusted by over 50,000 families, the service brings together global-grade processes, technology-led operations, and premium garment care, delivering a world-class laundry experience tailored to the fast-paced lifestyle of Gurugram residents.

Commenting on the expansion, Abhinay Choudhari, Co-Founder & CEO of LaundryMate.in (formerly Co-founder of BigBasket.com), said, “After the successful launch and scaling of our services in Bengaluru, expanding to Gurugram was a logical next step. The city’s fast-paced lifestyle and high concentration of working professionals require reliable and timely solutions. While LaundryMate Sprint, with its 4-hour TAT, addresses urgent laundry needs, our 24-hour service continues to meet common daily-use case requirements. Together, these offerings demonstrate our commitment to combining convenience, speed, and consistent garment care.” In Bangalore, LaundryMate has set up a state-of-the-art facility spanning 50,000 sq ft with imported equipment worth upwards of INR 35 Crore, and a capacity to process 24,000 items per day in a 3-shift operation. Underscoring company’s long-term commitment to the market, the full-service delivery launch in Gurugram is backed by a strategic partnership with Central Linen Park (CLPPL), with its facility in Bhiwadi, Rajasthan, which has a significant infrastructure investment of upwards of INR 75 crore and has the largest such facility in India for B2B. CLPPL which has been servicing various leading hotel chains in Delhi NCR since more than a decade is backed by Arun Saraf, Chairman, Juniper Hotels (Owner of Grand Hyatt Properties in India & Nepal).

Speaking on the partnership and local relevance, Mr Surendra Ruia, Chairman, Central Linen Park and LaundryMate’s Gurugram Partner, added: “North India has specific garment care needs, especially during winter when woollens and premium fabrics require specialised handling. LaundryMate’s technology-led processes and attention to garment integrity make it a strong fit for Gurugram’s discerning consumers. This partnership is about bringing a reliable, world-class laundry solution to a market that values quality over compromise.” Founded in Bengaluru in 2022 by five co-founders- Abhinay Choudhari, Pushpendra Yadav, Raghavendra Joshi, Tripat Singh, and Uday Vijayan- LaundryMate has established itself as a trusted name in organised laundry services. It is known for its seamless app experience, precision-led logistics, consistent garment care, and reliable delivery promise.

Over the past three years, the brand has achieved over 5.5 lakh app downloads, processed over 45 lakh garments, and delivered more than 3.5 lakh orders across Bengaluru. It has approximately 10,000 monthly transacting customers who choose its convenient and time-bound services. LaundryMate raised $ 6 million USD as pre-Series A from various investors in June 2023 and is currently in discussions with investors for a Series A round to expand to five cities.

With its Gurugram expansion, LaundryMate aims to address a clear gap in the market by offering a convenient, affordable, technology-enabled, time-bound laundry service, built for urban consumers who expect reliability, transparency, quick TAT and superior garment care.

About LaundryMate: New Age Consumer Services Pvt Ltd, the owner of brand LaundryMate was Founded in 2022 by 5 co-founders, Abhinay Choudhari, Pushpendra Yadav, Raghavendra Joshi, Tripat Singh & Uday Vijayan and is headquartered in Bengaluru, LaundryMate is India’s most convenient app-led laundry and a sustainability focused brand designed for modern urban consumers. The brand uses 100% EVs in its last mile delivery operations and recycles 40% of the water at its Bangalore facility and uses zero plastic packaging and eco-friendly chemicals.

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

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