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    Trump's made tariffs central to his presidency, chaos may come next
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February 20, 2026
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Presidential emergency tariff power invalidated, forcing alternative legal routes and prolonging trade and political uncertainty.
The Court held the president lacked authority to declare an economic emergency and impose sweeping import tariffs, removing an executive legal basis for those tariffs and forcing the administration to pursue alternative statutory mechanisms, which will prolong legal and political debate over trade policy.
February 20, 2026
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IEEPA authority curtailed: major emergency based tariffs invalidated, leaving sectoral trade measures and exemptions intact.
The President exceeded statutory authority by invoking IEEPA to impose broad import tariffs, nullifying core emergency based levies. Affected measures include the wide ranging "Liberation Day" tariffs, trafficking justified duties on Canada, Mexico and China, Brazil linked duties, and India related levies tied to Russian oil purchases. The decision removes the IEEPA route for economy wide tariffs but leaves intact sectoral and statute specific tools that continue to impose tariffs on selected industries and products.
February 20, 2026
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IEEPA authority struck down; partners unlikely to abandon recent tariff deals, administration to rely on other statutes.
The Supreme Court invalidated reliance on the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs, finding IEEPA does not authorize such duties. Observers anticipate the Administration will instead invoke clear congressional tariff statutes and that trading partners who made recent deals are unlikely to withdraw them, having expected alternative statutory mechanisms to keep tariffs in place.
February 20, 2026
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Emergency-powers tariff invalidation restores trade predictability for exporters, but sectoral steel and aluminium duties remain in force.
The US Supreme Court invalidated country-specific reciprocal tariffs imposed under emergency powers, restoring predictability for exporters and enabling importers to seek refunds for duties paid under the invalidated regime, while separate sector-specific duties on steel, aluminium and certain auto components remain in force.
February 20, 2026
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Tariff authority options: multiple statutory pathways remain for imposing import duties despite limits on emergency powers.
After the court rejected the administration's emergency-based authority for sweeping reciprocal tariffs, the president can still impose import duties using alternative statutes: the Trade Act unfair-practices authority permitting unlimited tariffs after investigation and hearings; the Trade Act provision for addressing unbalanced trade that allows time-limited tariffs without prior investigation but is untested; the national-security tariff authority under the Trade Expansion Act which requires Commerce investigations; and a rarely used Tariff Act depression-era authorisation that allows very high, indefinite tariffs without investigation.
February 20, 2026
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IEEPA authority questioned as tariffs ruled unauthorized; dissent stresses tariffs' foreign affairs leverage, including India example.
The decision holds that the International Emergency Economic Powers Act does not authorize the imposition of import duties, rejecting the use of IEEPA as a statutory basis for tariffs; a dissent argued such tariffs fall within foreign affairs practice, serve as leverage in international negotiations, and cautioned against applying a major questions constraint to executive statutory authority in national security and diplomatic contexts.
February 20, 2026
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Trade deals improve market access and spur investor confidence, supporting growth and fiscal consolidation momentum.
Trade agreements with the EU and an interim US deal are expected to improve market access, boost export competitiveness, and reverse investor sentiment with renewed foreign portfolio investment into equity and debt. Fiscal consolidation alongside stepped up capital expenditure aims to crowd in private investment and support state infrastructure. Concurrently, the Reserve Bank recorded consecutive spot market dollar sales amid rupee volatility and capital flow intermittency, while inflation is expected to remain near target, sustaining a favourable near term growth-inflation balance.
February 20, 2026
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Emergency powers limits curb broad presidential tariffs, invalidating sweeping reciprocal trade measures and reshaping trade policy authority.
The Supreme Court found that tariffs enacted under asserted emergency statutory powers-including widely applied reciprocal tariffs-exceeded the President's lawful authority, clarifying statutory limits on unilateral tariff measures and signaling judicial constraints on executive use of emergency powers for sweeping trade regulation.
February 20, 2026
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Repo rate decision maintains neutral monetary stance as growth outlook brightens while inflation risks remain monitored.
The Monetary Policy Committee held the repo rate steady and retained a neutral stance, finding the current policy rate appropriate amid buoyant growth and broadly benign inflation. Members cited healthy medium term macroeconomic fundamentals and improving external outlook driven by trade agreements and fiscal measures, while noting persistent global volatility and risks to inflation. The MPC emphasized ongoing transmission of prior easing, awaited new GDP and inflation data series, and reaffirmed readiness to reassess policy as fresh data emerge.
February 20, 2026
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Money laundering allegations prompt former MD to surrender to custody after interim bail term expires in fraud-linked probe.
Allegations of money laundering and diversion of homebuyer funds form the basis of an ED investigation and FIRs alleging that two group companies misapplied project receipts, leaving residential projects incomplete and purchasers defrauded. The promoter was arrested, obtained interim bail, and later surrendered after a court denied regular bail, the court noting allegations of widespread cheating and criminal breach of trust. A related listed company filed a regulatory update confirming the director's surrender upon expiration of interim bail.
February 20, 2026
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Policy rate maintained as appropriate: neutral monetary stance justified by buoyant growth and benign inflation.
The Monetary Policy Committee voted to maintain the existing policy repo rate and retain a neutral stance, finding the current policy rate appropriate given buoyant growth and benign inflation. The Governor noted healthy medium term macroeconomic fundamentals, while the Deputy Governor cited upward revisions to near term growth projections and incomplete transmission of earlier rate cuts as reasons to defer further easing until new GDP and inflation series data are available.
February 20, 2026
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Free trade agreements improving market access and export competitiveness, prompting investor confidence and supporting growth policy.
Free trade agreements with the EU and an interim pact with the US are expected to improve market access, enhance export competitiveness, and deepen Indian firms' integration into global value chains; this expectation has altered investor sentiment, prompting a return of foreign portfolio investment, while the Union Budget stresses fiscal consolidation alongside stepped up capital expenditure, and headline inflation remains benign under the revised CPI series.
February 20, 2026
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Market rebound driven by banking and metal stock buying as trade deal signals and supply chain shifts lift sentiment.
Equity markets rebounded with strong buying in large-cap banking and metal stocks restoring benchmark indices to positive territory after a sharp correction. Broad sector participation favored Power, PSU Banks, Utilities, Capital Goods and Metals, while IT lagged. Sentiment was supported by trade-agreement signals and India's participation in Pax Silica, enhancing supply chain security for AI and semiconductors, even as elevated volatility and recent institutional net selling influenced near-term flow-driven moves.
February 20, 2026
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Foreign exchange reserves rise to record level after gains in foreign currency assets and gold, RBI data shows
India's foreign exchange reserves rose to USD 725.727 billion in the week ended February 13, driven by increases in foreign currency assets (up USD 3.55 billion to USD 573.603 billion) and gold reserves (up USD 4.99 billion to USD 128.466 billion); SDRs increased by USD 103 million to USD 18.924 billion and the IMF reserve position rose by USD 19 million to USD 4.734 billion, with dollar reporting reflecting valuation effects of non US currency movements.
February 20, 2026
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Supply chain security for critical minerals and AI strengthened as partners commit to trusted, diversified industrial cooperation.
India joined Pax Silica to build a resilient, trusted supply chain for critical minerals and AI, addressing over concentration and risks of economic coercion. The declaration commits partners to coordinated cooperation across the value chain-from raw materials and mineral processing through semiconductors and AI infrastructure-emphasising diversification, trusted industrial bases, workforce development, and a pro innovation approach that treats economic security as national security.
February 20, 2026
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Export Promotion Mission expands MSME trade support with export factoring, e commerce credit and compliance facilitation.
The Export Promotion Mission deploys coordinated financial and ecosystem measures-under Niryat Protsahan and Niryat Disha-to strengthen MSME export competitiveness by reducing cost of capital, diversifying trade finance through export factoring and structured e commerce credit with interest subvention and partial guarantees, and by enhancing compliance capabilities, overseas warehousing, logistics reimbursements and trade intelligence to facilitate market entry and integration.
February 20, 2026
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Production Linked Incentive scheme links incentives to incremental domestic production, deepening localisation and strengthening manufacturing competitiveness.
The Production Linked Incentive (PLI) Scheme links financial incentives to incremental domestic production over a defined base year, incentivising scale, technology adoption and domestic value addition across 14 strategic sectors. Operative approvals and performance metrics channel payments to approved applicants to deepen localisation, expand manufacturing capacity and integrate with global value chains; reported outcomes as of 31 December 2025 include 836 approved applications, cumulative rises in investment, production, exports, employment and disbursed incentives.
February 20, 2026
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Interim India-US trade agreement likely operationalised in April after legal-text finalisation meeting, with related FTAs scheduled for implementation.
An interim trade agreement between India and the United States is expected to be signed in March and made operational in April after officials finalise the legal text; FTAs with the United Kingdom and Oman are likely to be implemented in April and a pact with New Zealand in September.
February 20, 2026
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Interim trade agreement legal text to be finalised, codifying reciprocal tariff concessions and paving way for signature.
A three-day bilateral meeting will finalise the legal text converting the previously agreed framework into an interim trade agreement to be signed by the two governments; the agreement will codify reciprocal duty concessions and specific tariff adjustments, with the Indian negotiating team led by the chief negotiator.
February 20, 2026
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Investor verification: public SEBI Check awareness activation promotes verification-first behaviour to reduce fraud and strengthen investor protection.
SEBI Check is a verification mechanism to confirm whether market entities are registered with the regulator, aimed at reducing impersonation and unregistered advisory fraud by promoting verification before investing. NSDL has advanced this objective through behavioural investor education-digital content, transit-led campaigns, and on-ground activations-culminating in a flash mob at Priya High Street that reinforced the green triangle thumbs-up symbol as a trust marker and used public-space storytelling to drive symbol recall and verification-first behaviour.

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ElevateX 2026, Marking a New Chapter in Human Centric and Intelligent Automation

February 11, 2026

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Poi Toong Tang, VP Sales APAC; James Davidson, Chief AI Officer; Sougandh K M, Business Director South Asia, at ElevateX 2026, Bengaluru Bengaluru, India | February 11, 2026: Teradyne Robotics today hosted ElevateX 2026 in Bengaluru - its flagship industry forum bringing together Universal Robots (UR) and Mobile Industrial Robots (MiR) to spotlight the next phase of human‑centric, collaborative, and intelligent automation shaping India’s manufacturing and intralogistics landscape.

Designed as a high‑impact platform for industry leadership and ecosystem engagement, ElevateX 2026 convened 25+ CEO/CXO leaders, technology experts, startups, and medias, reinforcing how Indian enterprises are progressing from isolated automation pilots to scalable, business‑critical deployments. Ots) Teradyne Robotics emphasized the rapidly expanding role of flexible and intelligent automation in enabling enterprises to scale confidently and safely. With industrial collaborative robots (cobots) and autonomous mobile robots (amr’s) becoming mainstream across sectors, the company underlined its commitment to driving advanced automation, skill development, and stronger industry‑partner ecosystems in India.

The event showcased several real‑world automation applications featuring cobots and amr’s across key sectors including Automotive, F&B, FMCG, Education, and Logistics. These demos highlighted the ability of Universal Robots and MiR to help organizations scale quickly, redeploy easily, and improve throughput and workforce efficiency.

Showcasing high‑demand applications from palletizing and welding to material transport, machine tending, and training, the demonstrations reflected how Teradyne Robotics enables faster ROI, simpler deployment, and safe automation across high‑mix and high‑volume operations.

Speaking at the event, James Davidson, Chief Artificial Intelligence Officer, Teradyne Robotics, said, “Automation is entering a defining era - one where intelligence, flexibility, and human-centric design are no longer optional, but fundamental to how businesses innovate, scale, and compete. AI is transforming robots from tools that simply execute tasks into intelligent collaborators that can perceive, learn, and adapt in dynamic environments. In India, we are witnessing a decisive shift from experimentation to enterprise-wide adoption, and ElevateX 2026 reflects this momentum - bringing the ecosystem together to explore how collaborative and intelligent automation can become a strategic growth engine for both established enterprises and the next generation of startups.” Poi Toong Tang, Vice President of Sales, Asia Pacific, Teradyne Robotics, added, “India is rapidly emerging as one of the most important and dynamic automation markets in Asia Pacific. Organizations today are not just looking to automate - they are looking to build operations that are flexible, resilient, and future-ready. The demand is for modular automation that delivers faster ROI and can evolve alongside business needs. Through Universal Robots and MiR, we are enabling end-to-end automation across production and intralogistics, helping Indian companies scale with confidence and compete on a global stage.” Sougandh K.M., Business Director – South Asia, Teradyne Robotics, said, “India’s automation journey will be defined by collaboration across its ecosystem — by partners, system integrators, startups, and skilled talent working together to turn technology into real impact. At Teradyne Robotics, our belief is simple: automation should be for anyone and anywhere, and robots should enable people to do better work, not work like robots. Our focus is on automating tasks that are dull, dirty, and dangerous, while helping organizations improve productivity, safety, and quality. ElevateX 2026 is about lowering barriers to adoption and building long-term capability in India, making automation practical, scalable, and accessible, and positioning Teradyne Robotics as a trusted partner in every stage of that growth journey .” Customer Case Story Testimonial/Teaser A key highlight of ElevateX 2026 was the spotlight on customer success and Origin stood out. As a fast‑growing U.S. construction tech startup, they shared how partnering with Universal Robots is driving measurable impact through improved productivity, stronger safety and consistently high‑quality project outcomes powered by collaborative automation.

Yogesh Ghaturle is the Co-founder and CEO of Origin, said “Our goal is to bring true autonomy to the construction site, transforming how the world builds. Executing this at scale requires a technology stack where every component operates with absolute predictability. Universal Robots provides the robust, operational backbone we need. With their cobots handling the mechanical precision, we are free to focus on deploying our intelligent systems in the real world.” ABOUT TERADYNE ROBOTICS Teradyne Robotics is a global leader in advanced robotics, dedicated to revolutionizing manufacturing processes through innovation in collaborative and mobile robotic technology. Teradyne Robotics companies, Universal Robots and Mobile Industrial Robots (MiR) empower businesses of all sizes to enhance operational efficiency by integrating the power of machines with human talent. Our comprehensive range of solutions enables companies to optimize manufacturing processes, leading to improved product quality, and increased productivity, while greatly improving worker safety.

Teradyne Robotics is a division of Teradyne (NASDAQ:TER), a leading supplier of automatic test equipment and advanced robotics. For more information, visit www.teradyne.com.

www.universal-robots.com and www.mobile-industrial-robots.com, Teradyne® is a registered trademark of Teradyne, Inc. in the U.S. and other countries.

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

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