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    INDEX OF EIGHT CORE INDUSTRIES (BASE YEAR: 2011-12=100) FOR JANUARY, 2026.
    Rupee rises 21 paise to 90.73 against the US dollar in early trade
    US futures fall while Asian markets are mostly higher after the Supreme Court nixes Trump's tariffs
    Indo-US deal against country’s honour, sovereignty: Congress’ Shrinate
    EU says US must honour a trade deal after court blocks Trump tariffs
    EU-India FTA opens doors to trade, AI, resilient supply chains: Austrian official
    'Don't share OTP, Aadhaar, bank details': PM Modi's tips on combating digital fraud
    ED sets target of filing 500 chargesheets this fiscal; completing probe in 1-2 years
    India, US reschedule chief negotiators meeting on interim trade deal: Sources
    SC to hear Meta-WhatsApp privacy policy case on Monday
    Supreme Court ruling offers little relief for Republicans divided on Trump's tariffs
    Trump says he'll raise tariffs to 15 per cent after Supreme Court ruling
    Trump announces hike in tariffs to 15 pc on all countries
    Cheating case: Delhi court refuses bail to businessman Satya Prakash Bagla
    Trump now hikes global tariffs 15 pc, up from 10 pc; US to announce new levies soon
    President Trump wants to impose 15% tariff, up from 10% he announced after Supreme Court decision
    President Trump wants to impose 15 pc tariff, up from 10 pc he announced after Supreme Court decision
    Modi, Lula discuss US supreme court striking down reciprocal tariffs; set USD 30 bn annual trade target
    Global leaders, businesses pore over fallout of more US tariff swoons
    MP Congress targets Chouhan over Indo-US deal
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February 23, 2026
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Index of Eight Core Industries shows overall growth, with cement and steel leading while oil and gas sectors decline.
The combined Index of Eight Core Industries rose provisionally by 4.0 per cent year on year in January 2026, with Cement, Steel, Electricity, Fertilizers and Coal recording positive monthly growth while Crude Oil and Natural Gas declined and Refinery Products remained unchanged. The cumulative April-January 2025-26 growth is reported as 2.8 per cent (provisional). The release provides industry weights, monthly and annual indices, notes that January data are provisional and December data final, and explains methodological inclusions and revision practice.
February 23, 2026
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Foreign exchange volatility: rupee strengthened after oil-led dollar weakness, while reserve gains and capital flows shape market risk.
The rupee strengthened in early trade due to lower global crude prices and a softer dollar amid tariff-related uncertainty, aided by a strong equity opening; persistent dollar-buying sentiment and foreign institutional outflows could reintroduce selling pressure. The Reserve Bank of India's rise in foreign exchange reserves to a record level is a material macroprudential indicator affecting market liquidity and perceived intervention capacity under FEMA and central bank reserve management frameworks.
February 23, 2026
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Supreme Court rejection of sweeping tariffs reshapes import-tax authority and prompts pursuit of alternative tariff mechanisms.
The Supreme Court struck down the majority of the President's broad import tariffs, prompting varied market reactions as investors repriced winners and losers; the administration announced alternative measures including an executive-order global tariff and use of Commerce Department trade-investigation authorities, preserving the prospect of import taxation while altering statutory mechanism and temporal limits.
February 22, 2026
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Sovereignty concerns over Indo US trade agreement; alleged tariff and procurement conditions threaten national, energy and data autonomy.
Allegations that an interim trade arrangement with the United States compromises national sovereignty and domestic interests by conceding tariff advantages and large import commitments, harming agriculture and industry. The pact is criticized for limiting energy procurement choices and creating dependency by discouraging purchases from alternative suppliers, thereby threatening energy security and raising inflationary pressure. Concerns also focus on obligations affecting data sovereignty, which are said to risk exposing sensitive data to foreign access.
February 22, 2026
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Trade commitments: EU urges US to honour agreed tariff ceiling and warns of anti-coercion countermeasures and uncertainty.
EU urges the United States to adhere to the trans Atlantic trade agreement and not exceed the agreed tariff ceiling, warning that unpredictable tariff changes harm trade stability and supply chains. The EU noted it may pause ratification and could deploy its Anti Coercion Instrument-permitting trade and investment restrictions, exclusions from public tenders, and limits on foreign direct investment-to defend its interests if commitments are not honoured.
February 22, 2026
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EU-India free trade agreement expands trade and AI cooperation and strengthens supply chain resilience pending final ratification.
The EU India Free Trade Agreement substantially liberalises tariffs across the majority of bilateral trade to expand market access, while prioritising cooperation on human centred artificial intelligence and promoting interdependent, resilient supply chains; the agreement is subject to final legal vetting and ratification before implementation.
February 22, 2026
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Digital fraud prevention: protect accounts by not sharing OTP or Aadhaar and using authorised re KYC channels.
Individuals must not share OTP, Aadhaar numbers, or bank account details and should change passwords regularly. KYC and re KYC are security measures that must be undertaken only via bank branches, official apps, or authorised platforms because criminals use fake calls, SMS and links to compromise accounts.
February 22, 2026
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PMLA enforcement targets accelerate investigations and timely prosecution filings, urging probes to finish within a short defined timeframe.
The Enforcement Directorate directed acceleration of PMLA prosecutions by increasing prosecution filings and concluding most investigations within one to two years, except in complex cases. Officers must exercise PMLA powers with caution, ensure legally sustainable attachments and penalties, and issue notices judiciously. Operational priorities include tracing illicit assets abroad, targeting misuse of trade channels and insolvency processes for laundering, prioritising digital arrest and cyber fraud work, checking illegal online gaming and share market manipulation, leveraging MLATs, Interpol and extradition, and completing pending FERA adjudications while addressing manpower, cooperation and valuation challenges.
February 22, 2026
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Trade tariffs altered by recent court ruling disrupt interim trade agreement negotiations and prompt rescheduling of chief negotiators' meeting.
The meeting of chief negotiators was postponed to permit assessment of a court ruling limiting executive tariff authority and subsequent US tariff adjustments, which have introduced uncertainty into agreed concessions under the interim trade framework. The framework must be converted into a legal instrument, but finalisation of the legal text and implementation timelines are deferred pending clarification of how additional US tariff layers will interact with existing Most Favoured Nation duties and the ultimate tariff treatment for the partner country.
February 22, 2026
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Data privacy: Appeals on platform data sharing penalty and consent safeguards to be heard, with government party added.
Appeals challenge a CCI penalty and limits on platform data sharing under privacy and competition law; an appellate tribunal removed a ban on advertising related data sharing but retained the penalty. The dispute centers on consent standards, protection of dependent or unaware users, and whether platform data aggregation creates market dominance. Procedural issues include interim directions, inclusion of the technology ministry as a party, and a cross appeal by the regulator against the tribunal's narrowing of remedies.
February 22, 2026
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Congressional authority over tariffs affirmed, but executive invoked temporary trade statute to impose new global import tax.
A majority of justices held that the power to levy tariffs is vested in Congress, voiding a major part of the presidential global tariff program; the President then invoked the Trade Act's temporary emergency authority to impose a new short-term global import tax, a provision never previously used this way, raising questions about the statute's reach and prompting political fallout, calls for consumer refunds, and intensified partisan divisions over trade policy.
February 21, 2026
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Tariff authority: President seeks to impose a higher global tariff using alternate legal powers after court rebuke.
The President seeks to impose a higher global tariff relying on alternative executive authority and statutory avenues requiring Commerce Department investigations, while a separate executive order established a temporary import tax limited in duration and contingent on legislative extension; this raises constitutional questions about the allocation of tariff-setting and taxation powers and uncertainty over funds already collected.
February 21, 2026
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Presidential tariff authority raised a temporary global import surcharge, altering trade deal dynamics and exemptions for critical goods.
The executive invoked trade act authority to impose a temporary global import surcharge, increasing a recently announced ad valorem levy and reserving the right to issue further legally permissible tariffs within a 150 day period; the proclamation excludes specified critical minerals, energy products, select agricultural goods, pharmaceuticals, certain electronics, passenger vehicles and aerospace products, and the surcharge is applied in addition to existing Most Favoured Nation import duties, affecting ongoing bilateral trade negotiations.
February 21, 2026
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Criminal breach of trust: bail denied due to complex fund diversion, risk of evidence tampering and undisclosed antecedents.
Refusal of bail rested on prima facie findings that the NBFC owner-director engaged in calculated, layered diversion of investor funds amounting to criminal breach of trust; investigation remained at a nascent stage with a complex money trail requiring forensic analysis and a real risk of evidence tampering, compounded by the applicant's non-disclosure of prior criminal antecedents and insufficient medical justification.
February 21, 2026
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Presidential authority on emergency economic powers challenged; administration announces higher worldwide import levies pending new tariff rules.
President announced an immediate increase in the worldwide import surcharge to a higher legally framed rate and stated the administration will determine new legally permissible tariffs; this follows a Supreme Court decision holding that reliance on IEEPA to impose sweeping duties exceeded presidential authority and has affected bilateral tariff arrangements under an interim trade framework with India.
February 21, 2026
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Presidential tariff authority to impose global import taxes expanded via executive order, with temporary duration and statutory investigations.
The President announced an increase in a global import tariff implemented by an executive order designed to bypass ordinary congressional action and operate for a limited temporary period unless extended by legislation; concurrently, the administration is pursuing additional tariff measures under federal statutes that require Commerce Department investigations and administrative determinations.
February 21, 2026
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Presidential tariff authority contested; executive order raises global import tariff after review of recent legal limitation.
After a judicial ruling that his emergency powers did not authorize sweeping tariffs, the President signed an executive order bypassing Congress to impose a temporary global import tax limited to 150 days unless extended by legislation; following review of the court decision he announced an upward adjustment to the proposed global tariff rate.
February 21, 2026
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Reciprocal tariffs: leaders agree to study implications and adopt a wait-and-watch approach while boosting strategic trade ties.
Discussion focused on the trade-policy implications of a major US decision affecting reciprocal tariffs, with both leaders adopting a "wait-and-watch" posture to study potential US administrative responses. Parallel measures included a pact on critical minerals to build resilient supply chains, a joint digital partnership declaration, and multiple MoUs covering mining, MSMEs, healthcare, defence maintenance cooperation, and technology and energy collaboration.
February 21, 2026
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Tariff invalidation prompts review of affected duties, potential refund claims, and continued uncertainty from proposed new tariff measures.
Invalidation of certain executive-era import duties removes the legal basis for specified tariff measures and creates potential refund claims by importers and foreign suppliers, while other tariffs tied to distinct statutory or product-specific authorities remain in force. Governments and businesses must distinguish between invalidated and continuing duties when reviewing compliance, pursuing restitution, and adapting contractual and supply chain plans amid the added uncertainty of proposed new tariff measures under alternative rules.
February 21, 2026
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Trade agreement criticised as threatening farmers' livelihoods and spurring nationwide farmer protests and political agitation.
The state Congress contends the interim Indo US trade agreement will expose Indian farmers to damaging import competition-particularly in soybean and cotton-depress domestic prices, threaten small traders and related industries, and amount to a surrender of national agricultural interests. It has announced coordinated protests and gatherings (Kisan Sammelans, chaupals, marches) in Bhopal, Budhni and Vidisha, blaming the Union Agriculture Minister for failing to defend farmers and urging mobilisation to protect rural livelihoods.

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Second Edition of Art de Vivre à la française to be unveiled at India Design ID 2026

February 11, 2026

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A Celebration of French Excellence in Design, Creativity, and Lifestyle Innovation -- France celebrated as Country of Honour -- 18th– 22nd February 2026 | NSIC Grounds, Okhla, New Delhi NEW DELHI, Feb. 11, 2026 /PRNewswire/ -- As part of the India-France Year of Innovation 2026, Business France and the Embassy of France in India are proud to unveil the second edition of Art de Vivre à la française at India Design ID 2026, where France will be celebrated as the Country of Honour. Held at the NSIC Exhibition Grounds in Okhla, New Delhi, India Design ID attracts professionals, buyers, luxury brands, cultural institutions, and media from across the country and abroad. This prestigious event will bring together the finest of French craftsmanship, contemporary creativity, and lifestyle innovation. Presented as a highlight of the India-France Year of Innovation 2026, this edition reinforces the vibrant dialogue between design and savoir-faire, illustrating how French and Indian creativity converge to shape the aesthetics, materials, and art de vivre of the future. Attending the event, H.E. Mr. Thierry Mathou, Ambassador of France to India, said, "I am delighted to witness the remarkable success of the latest edition of the Art de Vivre à la française exhibition, showcasing the finest of French excellence in design, creativity, and craftsmanship. Being held under the India-France Year of Innovation banner, this event combines the excellence of the French lifestyle industry with innovation to build ambitious and inspiring collaborations between our two countries." A 350m2 Immersive Exhibition Celebrating French Excellence The exhibition will feature a 350m2 scenographic space designed to immerse visitors in the elegance, refinement, and vision that define l'art de vivre à la française. The curated showcase will spotlight the mastery and innovation of 16 leading French Houses and creators, spanning tableware and crystalware, contemporary design objects, home accessories, decorative textiles and interiors, lighting, furniture, sound equipment, fashion, gastronomy and leather goods. List of participating French Houses: ASSOULINE: The world's leading luxury publishing house, renowned for its beautifully designed books celebrating culture, travel, fashion, and lifestyle. Its volumes are considered both cultural references and decorative art objects. (www.eu.assouline.com / www.altiusluxury.com) BACCARAT: Baccarat embodies the ultimate French art de vivre, shaped since 1764 by a collective of master artisans. Renowned for crafting the world's purest crystal, the Maison sets the benchmark for contemporary elegance through a constant dialogue between heritage and innovation. (www.baccarat.com/en_fr/) CASAMANCE & MISIA: MISIA creates prestigious, high-quality fabrics and wallcoverings, offering collections that provide an emotional and sensorial interlude for interior design connoisseurs. The brand is known for its meticulous color palettes, patterns, and textures. (www.casamance.com / www.misia-paris.com) CRISTAL BENITO: French family atelier specializing in exquisitely crafted crystal objects. Their refined, hand finished pieces embody traditional expertise and luxury French artistry. (www.cristal-benito.fr) DASSAULT SYSTEMS: HomeByMe is a suite of 3D interior planning and product configuration solutions developed by Dassault Systèmes (the 3DEXPERIENCE Company) to help both consumers and businesses design, visualize, plan, and sell home interiors in 3D. (www.3ds.com) DAUM: Daum is an iconic French crystal maison renowned for its artistic heritage and exceptional craftsmanship. Historic French leader of pâte de verre, producing collectible glass sculptures in collaboration with leading artists and celebrated worldwide for its mastery of pâte de verre, an ancient and highly complex glassmaking technique. (www.daum.fr / www.altiusluxury.com) DEVIALET: French audio innovator with 250+ patents, known for its Phantom Ultimate and high-fidelity speakers. The brand blends cutting-edge engineering with elegant design to deliver powerful, immersive sound. (www.devialet.com) GALERIES LAFAYETTE MUMBAI: Galeries Lafayette, the legendary 130-year-old Parisian institution, marks its Indian debut through a strategic alliance with the Aditya Birla Group. More than a department store, Galeries Lafayette Mumbai is a 'retail-tainment' destination designed to transcend conventional shopping. (Galeries Lafayette India / Home - ABFRL) LAC – HUMIDORS: Specialist in crafting luxury cigar humidors, watch winders, and leather cases from rare materials, combining Riviera craftsmanship with innovative engineering. Their pieces reflect French excellence, exclusivity, and timeless design. (www.lac-humidors.fr) LE CREUSET: Global icon since 1925, Le Creuset produces premium, handcrafted enameled cast iron cookware made in France. Celebrated for durability, colour innovation, and culinary performance, the brand remains a favourite among chefs and design conscious consumers worldwide. (www.lecreuset.in) LUX TEMPORIS: Specialist in designing kinetic, bioinspired lighting that merges robotics with artisanal savoir-faire. Their poetic, moving light sculptures transform interiors through delicate, nature inspired motion and materials. (www.luxtemporis.com) NATHALIE BORDERIE: French glass artist Nathalie Borderie creates expressive sculptures using the fusing technique, blending colour, texture, and light. Her couture influenced pieces combine glass, crystal, and metal to produce unique, collectible artworks. (https://nathalieborderie.fr) NATTIOT: Specialist in designing creative, sustainable children's rugs and accessories made in India, Belgium, and Turkey. Using OEKOTEX® certified materials, the brand offers practical, safe, and playful decor for modern families. (www.nattiot.fr) ST. DUPONT: The iconic French luxury Maison renowned worldwide for its exceptional savoir-faire in fine writing instruments, lighters and leather goods. (www.st-dupont.com) WATERFALL AUDIO: Known for its handcrafted glass loudspeakers blending haute couture aesthetics with advanced acoustic engineering. Made in Provence, their iconic designs combine glass, wood, aluminium, and French developed technologies for exceptional sound clarity. (www.waterfallaudio.com/en) L'OPÉRA: A French pâtisserie brand celebrating the refinement, precision, and emotion of French pastry. Rooted in classical French savoir-faire and elevated through contemporary creativity, L'Opéra reinterprets iconic pâtisserie codes with elegance and modernity. (L'Opéra India – French Bakery) Indian guest designer at the 2026 edition: KLOVE: A luxury design and lighting studio known for its hand-blown glass lighting fixtures, sculptural objects, and bespoke installations that blend artistry with spatial design. Klove aims to spotlight and promote an Indian designer, celebrating India's creative talent and craftsmanship while fostering cross-cultural dialogue within the global design community. (www.klovestudio.com) Indo-French Design Dialogues on 19th February 2026 As part of the programme, India Design ID will host the Indo-French Design Dialogues on Thursday, 19th February, co-organized by the Indo-French Chamber of Commerce and Industries (IFCCI) and Business France in partnership with Atout France, and bringing together influential voices from both countries — including senior representatives from Mobilier National, Atout France, Galeries Lafayette, leading Indian and international designers and architects like Vikram Goyal, Ashiesh Shah, India Mahdavi as well as French luxury and design houses. The discussions will explore design innovation, material intelligence, creative collaboration, and the shared values that connect India and France. This flagship event will celebrate the excellence of French and Indian Art de Vivre while highlighting design as a cultural bridge, where creation and identity mutually inspire and enrich one another. A Key Highlight of the Franco-Indian Year of Innovation 2026 By positioning Art de Vivre à la française at the heart of the Year of Innovation, France and India reaffirm how traditional savoir-faire and contemporary innovation mutually reinforce each other. Celebrating craftsmanship is not only about preserving heritage — it is also about inspiring new creative processes, integrating cutting-edge technologies, and promoting sustainable, future oriented design. This edition, therefore, highlights the capacity of French and Indian artisans, designers, and creative industries to transform ancestral techniques into modern solutions, fostering business partnerships and cross-cultural collaboration that shape the innovations of tomorrow. Business France extends its special appreciation to its institutional partners — the Indo-French Chamber of Commerce and Industry (IFFCI), the Institut Français en Inde (IFI), Atout France, Alliance Française, Ameublement Français, Mobilier National, La French Tech India , Francéclat as well as to our private partners Air France, l'Opéra, Klove, The Works, Lyra Network, ESI Group, Cooperl, Bacardi, Monin, Jaipur Rugs, Creaticity, Aaron Fernandes Entertainment and Furtado s whose support and collaboration have been instrumental in making this edition possible. About Business France Business France is the public agency supporting the international development of the French economy. It assists companies in expanding abroad, promotes exports, attracts foreign investment to France, and develops the V.I.E programme connecting companies with young talent for international assignments. With more than 1,400 employees in France and 53 countries, Business France helped generate €1.8 billion in additional export revenue for French SMEs in 2024, creating or planning over 31,010 jobs. The agency supported 66% of 1,688 foreign investment decisions in 2024, representing 69% of the 37,787 jobs projected to be created or maintained within three years. For more information and media inquiries, please contact: Embassy of France in India 2/50E Shantipath, Chanakyapuri New Delhi 110021, India Logo: 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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