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    Central Board of Indirect Taxes & Customs organises post-Budget interactive session with stakeholders in Mumbai
    CCI approves acquisition of low voltage motor business of Siemens Ltd. by Innomotics India Pvt Ltd.
    CCI approves proposed acquisition of minority shareholding of ~6.63% of Valuedrive Technologies Pvt Ltd by Fidelity Funds
    CCI approves proposed combination involving Amundi Asset Management S.A.S. (Acquirer) and ICG Plc (Target)
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    KELTRON secures Rs 18 crore export deal for Passive Sonar Systems
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    India unveils new CPI series with 2024 base; Jan inflation at 2.75 pc
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    CCI imposes penalty on Intel Corp. for its India Specific Warranty Policy in respect of Boxed Microprocessors
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    India to receive same garment duty benefits as Bangladesh under US trade pact: Goyal
    SPJIMR PGPDM Batch 27: Building leaders for the development sector
    ICAR–IIMR and Gourmet Popcornica Collaboration Paves the Way for an Aatmanirbhar Popcorn Maize Ecosystem
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February 13, 2026
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Customs reforms introduce trust-based governance and an integrated digital ecosystem to simplify clearances and aid trade.
Reforms introduced in the Union Budget 2026-27 emphasise trust-based governance, simplification of customs procedures, and implementation through staff sensitisation across Mumbai Customs operations; a single integrated digital ecosystem connecting export-import stakeholders and participating agencies is being pursued to accelerate clearances, strengthen business planning, and improve ease of doing business, with FAQs released for public facilitation and ongoing stakeholder consultations to address industry queries.
February 13, 2026
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Low voltage motor business acquisition approved; Innomotics to acquire Siemens' unit in India through a slump sale.
The Competition Commission of India approved a proposed combination for the slump sale of the low voltage motor business of Siemens Limited to Innomotics India Private Limited. The Target Business sells low voltage motors for industrial applications in India and exports under an outsourced manufacturing model. Innomotics, part of KPS Capital Partners, is an industrial motors manufacturer supplying high and medium voltage motors and large drive systems to sectors including oil and gas, metals, cement, power and marine. A detailed order will follow.
February 13, 2026
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Acquisition of ~6.63% stake in Valuedrive by Fidelity Funds via CCPS subscription and secondary purchase.
The proposed transaction involves acquisition of approximately 6.63% minority shareholding in Valuedrive Technologies Private Limited by Fidelity group investment funds through a mix of primary subscription and secondary acquisition of compulsory convertible preference shares, with Fidelity Funds acting as diversified investment vehicles. Valuedrive is an operating-cum-holding company in the Spinny Group operating an electronic wholesale motor-vehicle platform and owning subsidiaries in lending, insurance broking, automotive publishing/events, and ancillary services.
February 13, 2026
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Amundi ICG proposed combination approved: Acquirer to buy 4.64% voting shares, nominate a director and subscribe to non voting instruments.
CCI approved Amundi's acquisition of 4.64% voting share capital of ICG via on-market purchases, a right to nominate a director, and subsequent subscription to non voting instruments up to 5.26% of ICG's capital. The Acquirer lacks direct Indian operations but is indirectly present through a minority joint venture that offers asset management services in India. The Target operates globally as an alternative asset manager across structured capital, private equity, real assets, private debt, and credit markets.
February 12, 2026
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Aadhaar card tracing: High Court directs Centre and state to create an SOP for faster police access.
The High Court directed central and state governments to formulate an SOP for police access to Aadhaar card details to enable faster tracing of victims, stressing expedited procedures for missing children and suspected human trafficking; it ordered the Unique Identification Authority director be made a party, received a report from the state legal services authority on action taken after an alleged assault, and scheduled further hearing.
February 12, 2026
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KELTRON secures Rs18 crore export deal to supply Passive Sonar systems; KS Smart to buy 40% stake in Kokonix.
KELTRON signed an Rs 18 crore export agreement, via Neo Power, to supply Passive Sonar systems to navies in the South Asia-North Africa region-its largest single export order following a successful 2025 shipment of 300 sonar elements that met delivery and quality standards. Concurrently, Kokonix will transfer a 40 percent stake to KS Smart to revive laptop manufacturing and bolster its smart-device production capacity.
February 12, 2026
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India-US trade framework remains the basis for an interim agreement; fact sheet amended to reflect shared understandings.
The India-US joint statement is the binding framework for an interim trade agreement; amendments to the White House fact sheet were made to reflect shared understandings, removing references to pulses and digital services taxes and reframing commitments as intentions to reduce tariffs on specified US industrial and agricultural goods and to increase purchases of US energy and technology products.
February 12, 2026
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New CPI series shows January inflation at 2.75%, revises basket and weights, impacting monetary policy signals.
The new CPI series rebased to 2024 (HCES 2023-24) expands the basket to 358 items, reweights components-notably lowering Food & Beverages to 36.75% and enlarging Housing to 17.67%-widens price collection across rural, urban and online markets, and reclassifies groups into a 12-category COICOP-aligned framework. Index values begin January 2025 with year on year comparability from January 2026 and a linking factor enables back-calculation; methodological changes aim to align inflation signals with current expenditure patterns and refine the basis for monetary and fiscal policy calibration.
February 12, 2026
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Money laundering probe alleges director diverted company funds through front entities, benami deals and forged documents causing large losses.
The director allegedly exceeded limited authority to generate and conceal proceeds of crime by diverting company funds through front entities, reselling land to the company at inflated prices, transferring land and TDRs at undervalued rates, executing benami transactions, fabricating MoUs to create bogus possession claims, and facilitating fraudulent allotment of flats, causing over Rs 85 crore wrongful loss; the money laundering probe proceeds under PMLA with the accused produced and arrested during production proceedings.
February 12, 2026
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New CPI series updates base year to 2024, widens basket and recalibrates weights to better measure inflation.
India introduced a new Consumer Price Index series with base year 2024=100, expanding coverage to 358 items and 12 classification groups, recalibrating weights using the Household Consumption Expenditure Survey 2023 24, reducing the food and beverages weight to 36.75%, and updating price collection across extensive rural, urban and online markets to provide more contemporaneous inflation signals for policy calibration.
February 12, 2026
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Loan recovery rules require agent training, call recording, respectful conduct, background checks and restrictions on contact timing.
The Reserve Bank proposes mandating recorded phone calls and civil conduct by recovery agents, prohibiting abusive language and inappropriate messaging, and banning contact at inopportune occasions. Banks must adopt internal guidelines, protect customer information held by agents, require completion of formal debt recovery training, and conduct pre engagement and periodic background verifications of agent representatives. Banks must exercise utmost caution before involving agents in matters that are subjudice and ensure recovery agencies comply with verification, training, and conduct standards.
February 12, 2026
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Sensex falls amid IT sell-off and AI concerns; TCS drops below Rs10 lakh crore market capitalisation.
Benchmark indices fell on heavy selling in IT stocks as AI-related disruption fears and diminished expectations of a near-term Fed rate cut following strong US jobs data drove volatility; TCS tumbled over 5%, pushing its market capitalisation below the Rs 10 lakh crore mark, while foreign institutional investor inflows in February provided limited offsetting support.
February 12, 2026
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New CPI series recalibrates weights and expands services and digital coverage to improve inflation measurement for policy use.
The National Statistics Office released a redesigned Consumer Price Index with base 2024=100 that recalibrates item weights using the Household Consumption Expenditure Survey 2023-24, expands coverage of goods, services and digital channels, reduces the food and beverages weight, and aims to provide more accurate inflation signals to aid monetary policy calibration and stabilize CPI-linked fiscal items.
February 12, 2026
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Intel's India-specific warranty policy deemed abusive of dominance; fined INR 27.38 crore and ordered to publicise withdrawal.
CCI held Intel dominant in the boxed desktop microprocessor market and found its India-specific warranty policy discriminatory and limiting of parallel imports, causing an appreciable adverse effect on competition under Section 4. The Commission imposed a reduced penalty of INR 27.38 crores after considering mitigation including policy withdrawal and directed Intel to publicise the withdrawal and submit a compliance report.
February 12, 2026
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Samsung Galaxy F70e 5G available with Bajaj Finserv Easy EMIs offering flexible tenures and zero down payment.
Samsung launched the Galaxy F70e 5G and promotes purchase via Bajaj Finserv Easy EMIs offering quick approvals, customised payment terms, zero down payment on select models, and flexible tenures (3-60 months). Bajaj Finance Limited is identified as a deposit taking NBFC registered with the Reserve Bank of India and classified as an NBFC Investment and Credit Company that engages in lending and acceptance of deposits, with a diversified lending portfolio and published credit ratings.
February 12, 2026
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India garment duty access: apparel made with US yarn or cotton to qualify for duty concessions under an interim trade pact.
India will receive apparel duty concessions under an interim India US trade agreement when garments meet yarn forward or cotton forward rules of origin by procuring yarn and/or cotton from the US, mirroring benefits extended to Bangladesh; the arrangement, contingent on signing the legal agreement by mid March, includes no quotas on raw material imports and aims to preserve protections for most Indian agricultural products.
February 12, 2026
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Nationwide strike contests labour codes and protest limits; courts question RERA functioning and expressive boundaries.
Trade unions held a nationwide strike opposing labour codes and the proposed Industrial Relations Code, alleging it favours employers and curtails protest rights. The Supreme Court criticised state RERA bodies for facilitating defaulting builders and urged reconsideration of their constitution and enforcement. The government approved a government to government purchase of 114 combat aircraft, while a defence contractor proposed co development of an aero engine with full intellectual property transfer, raising procurement and IP compliance issues.
February 12, 2026
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SPJIMR launches PGPDM Batch 27 to build development sector leaders with diverse, practice focused training and RBI emphasis on intermediaries.
SPJIMR launched Batch 27 of its PGPDM, a 37 member, gender balanced cohort emphasizing practice oriented learning and capacity building for development sector leadership. The programme highlights the importance of capable intermediaries to bridge government, business and society-critical to MSME promotion and entrepreneurial support-and is positioned as the only Indian development management programme with triple international accreditation.
February 12, 2026
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Popcorn maize collaboration boosts domestic production via hybrid agreements, contract farming, export readiness, and aatmanirbhar goals.
ICAR-IIMR and Gourmet Popcornica entered formal agreements for IIMR-bred popcorn hybrids to translate research into commercial cultivation, improving yields, kernel quality and pest resistance. Through structured contract farming, capacity building for over 17,500 farmers, mechanisation and responsible sourcing across tens of thousands of acres, the partnership reduced import dependence (domestic production now ~65% of demand) and aims to develop export readiness and an aatmanirbhar popcorn maize value chain.
February 12, 2026
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Kisan Credit Card scheme revised to standardize crop seasons, extend tenures, align drawing limits, and add tech expense eligibility.
Revised Directions propose an updated Kisan Credit Card (KCC) Scheme consolidating guidelines for multiple bank types, standardizing crop seasons into short (12 months) and long (18 months) durations, extending KCC tenure to six years, aligning drawing limits with the scale of finance for each crop season, and adding specified technological and certification expenses within a 20% additional component as eligible. The draft is open for public and regulated entity comments by March 6, 2026 through prescribed online and email channels.

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SPJIMR PGPDM Batch 27: Building leaders for the development sector

February 12, 2026

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Building leadership capacity for India's development ecosystem through diversity, rigour and grounded learning MUMBAI, India, Feb. 12, 2026 /PRNewswire/ -- Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research (SPJIMR) welcomed Batch 27 of its Postgraduate Programme in Development Management (PGPDM), reaffirming its commitment to shaping professionals who lead with purpose and impact in India's development sector. The inaugural ceremony, held at the SPJIMR campus, brought together distinguished speakers, faculty members, and a vibrant cohort of 37 professionals representing 13 Indian states. With nearly 50% female participation and an average work experience of eight years, this diverse cohort is well positioned to address complex development challenges with fresh insight and managerial rigour. In his welcome address, Prof. Tanojkumar Meshram, Chairperson, PGPDM, highlighted that, "The PGPDM classroom is a safe and liberating space where education transcends technical skills to shape your worldview, ensuring that nothing you learn is purely theoretical; it is grounded in reality and designed for sustainable, real-world change." He emphasised how the PGPDM's curriculum and pedagogy emphasise the emancipatory potential of education. Prof. Varun Nagaraj, Dean, SPJIMR, delivered an engaging address, emphasising that PGPDM Batch 27 brings together participants from NGOs, CSR, corporate organisations and government. He highlighted how non-profit organisations must cherish this diversity, celebrate one another's accomplishments, learn collectively, and contribute wherever meaningful collaboration is possible. Chief guest Sachin Shende, Regional Director, Reserve Bank of India (RBI), Nagpur, shared several stories from his on-the-ground experiences at the RBI, particularly in promoting entrepreneurship and strengthening the Micro, Small and Medium Enterprises (MSME). He highlighted why development professionals must focus on capable intermediaries to bridge the gap between government, business and society. Shri Shende said, "It is not only about lighting the lamp at the inaugural event but also about lighting the intent. Intent is good but it must be backed by discipline, skills, and capable intermediaries." He congratulated the new participants for taking a significant step towards building capacity that is crucial for designing and strengthening such intermediaries at scale. SPJIMR's Postgraduate Programme in Development Management is India's only internationally accredited development management programme by EQUIS, AACSB, and AMBA—the prestigious 'Triple Crown' of global excellence. The programme blends academic excellence with practice-oriented learning to empower professionals across NGOs, CSR arms, foundations, and government-linked development organisations. As Batch 27 embarks on its transformative academic journey, SPJIMR reiterates its commitment to nurturing leaders capable of designing and lead impactful development initiatives that address the urgent needs of India's most underserved communities. About SPJIMR Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research (SPJIMR) is one of India's leading postgraduate management institutes. It is recognised in the Financial Times MiM rankings as the #35 business school globally and among the Top 3 in India, ranked by Business Today as one of the country's top five business schools, and rated by the Positive Impact Rating as one of the top five schools worldwide for societal impact. Known for its innovative and socially conscious approach to management education, research, and community engagement, SPJIMR aims to influence managerial practice and promote the value-based growth of its students, alumni, organisations and its leaders, and society. SPJIMR holds the international 'Triple Crown' of accreditations from EQUIS, AACSB, and AMBA. Visit SPJIMR.org for more information. Logo: https://mma.prnewswire.com/media/1896222/5639305/SPJIMR_Logo_1.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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