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March 6, 2026
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PMLA investigation prompts raids at locations linked to corporate group; company denies premises were targeted.
Enforcement Directorate teams conducted coordinated searches at multiple locations linked to a corporate group under a PMLA probe into alleged bank loan fraud and associated money laundering, with parallel allegations of financial irregularities under FEMA. The agency has filed three money laundering cases and formed a special investigation team; the principal individual has been questioned twice. The company denies any raids at its offices.
March 6, 2026
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NBFC middle layer classification underscores diversified funding through multiple debt instruments and strengthened risk and tech-based underwriting.
The company, an RBI registered NBFC categorised as an NBFC middle layer under Scale Based Regulations, emphasised technological underwriting, risk management, and collections platforms to support disciplined scaling. Since April 2025 it mobilised diversified capital across instruments including Non Convertible Debentures, Commercial Papers, Term Loans, Securitisation, Direct Assignment and Co Lending Arrangements to strengthen its capital base while prioritising sustainability and asset quality.
March 6, 2026
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Export-oriented agriculture: scale high-value production, strengthen missions, technology and market linkages for global competitiveness growth.
Transition agriculture to an export-oriented model by scaling high-value crop production, strengthening value addition, processing and storage, and aligning output with global quality and branding standards through national missions, budgetary support and coordinated engagement of experts, industry and farmers; promote chemical-free natural farming and crop diversification to access global markets and mitigate risks.
March 6, 2026
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Money laundering investigation triggers Enforcement Directorate searches at company locations, probing alleged bank loan fraud and FEMA irregularities.
Enforcement Directorate teams searched multiple locations linked to Reliance Power Ltd. and its executives in Mumbai and Hyderabad in an investigation into alleged money laundering connected to suspected bank loan fraud and related financial irregularities under the Foreign Exchange Management Act. The ED has filed multiple money laundering cases against the group, constituted a special investigation team on the Supreme Court's direction, and has questioned the principal corporate figure under the anti money laundering law.
March 6, 2026
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Pay commission representations invited for stakeholders; online submissions required by deadline, paper copies may be disregarded.
The Eighth Central Pay Commission invites representations from employees, pensioners, associations and organizations through a prescribed structured memorandum format available on innovateindia.mygov.in and 8cpc.gov.in, with online submissions to be received up to 30th April, 2026; paper-based copies, emails or PDFs submitted by other means may not be considered.
March 5, 2026
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Currency intervention stabilizes local currency amid geopolitical-driven oil price shock and capital outflows.
Central bank intervention to curb exchange-rate volatility is identified as the primary operative mechanism: suspected Reserve Bank purchases supported a rebound in the rupee, with the RBI expected to sterilise these operations to maintain liquidity. Geopolitical conflict and rising crude prices increased import-cost risk and safe-haven flows, while a firm dollar and foreign portfolio outflows added depreciation pressure even as domestic equities recovered.
March 5, 2026
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Political risk insurance sought to secure maritime energy shipments, with premiums borne by contracting parties to maintain supply continuity.
India is seeking political risk insurance and financial guarantees from the International Development Finance Corporation to secure maritime transit for oil, LPG and LNG through the Strait of Hormuz; a dedicated corpus must be established before cover can be provided and premiums will be paid by contracting parties. The government is also diversifying suppliers and considering reprioritisation of domestic gas allocation to manage LNG shortfalls caused by route disruption and force majeure.
March 5, 2026
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Trade disruption risk from Strait closure threatens Indian tea exports and underscores maritime chokepoint vulnerability.
Escalating tensions in West Asia threaten India's tea exports by imperilling shipping through the Strait of Hormuz, a key maritime chokepoint for consignments to Gulf markets. A substantial share of Indian tea shipments to the Persian Gulf - notably consignments to the UAE, Iran and Iraq - transit this route, making export flows sensitive to any closure or suspension of passage. The Tea Association of India emphasises that recent export growth, driven by orthodox teas from Assam, is concentrated in markets served via the strait, increasing sectoral exposure to disruption.
March 5, 2026
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Climate innovation competition expands to Asia, with Singapore hosting finals and partners supporting early-stage green ventures.
Applications are open for ClimateLaunchpad 2026, which expands into Asia with Singapore hosting regional and Global Grand Finals. The programme offers a staged accelerator curriculum-mini-course, Boot Camp, coaching, national/regional pitches and a Global Grand Final-aimed at turning early-stage climate ideas into scalable ventures. Climate KIC partners with Better Earth Ventures and TPC/NO.17 Foundation to provide local delivery, systems-oriented support, capital linkage and ecosystem access, while long-term supporters such as Bank of America and Irish Aid bolster funding and market connectivity.
March 5, 2026
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Economic growth slowdown signals structural pressures; export strength and trade surplus reshape bilateral trade imbalances and strategy.
China's lowered GDP target signals slower, quality oriented growth due to structural domestic constraints - notably property market decline, unemployment and weak consumption - while policy focuses on technological innovation to raise productivity. At the same time, robust exports sustain a record trade surplus, producing rising bilateral trade imbalances as export strength contrasts with domestic weakness.
March 5, 2026
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Ease of doing business reforms streamline compliance, expand credit access, modernise customs and simplify tax certainty for investors.
The Union Budget 2026-27 and related policy measures present a coordinated reform package to enhance ease of doing business by reducing compliance complexity, improving tax certainty and rationalising penalties, expanding access to finance through credit guarantee schemes and a digital Credit Assessment Model, liberalising insurance sector investment norms, modernising customs and trade facilitation with AEO benefits and electronic cargo clearances, and consolidating regulatory frameworks including master directions and a unified securities code to improve predictability and transparency.
March 5, 2026
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GST-IBC interplay clarifies tax compliance and moratorium effects on statutory claims during insolvency resolution.
Interplay between GST and insolvency law addressed tax liability treatment, compliance by interim administrators and resolution professionals (fresh registration, return filing, availability of input tax credit), and the moratorium's effect on recovery; judicial authority was noted that claims not included in approved resolution plans may be extinguished. The relationship between insolvency processes and anti money laundering enforcement was examined, focusing on proceeds of crime, asset attachment during CIRP, jurisdictional friction with enforcement agencies, and statutory protections designed to preserve resolution objectives while reconciling PMLA enforcement with insolvency aims.
March 5, 2026
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Governance-first fintech infrastructure expands via enterprise expense cards, closed-loop clean mobility payments and premium leadership engagement.
Zaggle is shifting toward a governance-first fintech infrastructure model by integrating Corporate Expense Cards with its Spend Management Platform for marquee enterprises, deploying a closed-loop CNG fleet payment solution aligned with clean-mobility regulatory and operational requirements, and expanding premium engagement through its ZGolf leadership platform. These platform-led integrations prioritise real-time visibility, structured controls, compliance alignment and recurring enterprise wallet share rather than standalone transactions.
March 5, 2026
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RBI intervention stabilizes rupee amid strong dollar, rising crude and foreign fund outflows constraining gains.
Reports of Reserve Bank intervention supported a rebound in the rupee, with domestic equity buying also contributing; however, a strong dollar, rising crude oil prices and foreign institutional outflows continued to limit gains and pose downside risk to the currency and India's import bill.
March 5, 2026
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AI governance and process automation recognized for enabling responsible, scalable GenAI deployments and compliance improvements in banking.
LTM is recognized as a Leader in NelsonHall's NEAT Evaluation for GenAI & Process Automation in Banking based on its industry experience, investments in GenAI and agentic AI, and its BlueVerseTM platform. The platform supplies modular, composable agentic solutions and digital agents across banking segments, together with pre-built industry-specific AI agents, AI-enabled compliance and risk-monitoring tools, proprietary IP, partnerships, and AI governance to enable rapid, responsible deployment of AI for compliance, personalization, payments, and operational efficiency.
March 5, 2026
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Weekly petroleum price revision to preserve market liquidity and compensate fuel suppliers amid supply-route disruptions.
The government proposes immediate measures to keep markets liquid after Strait of Hormuz disruptions by shifting to weekly petroleum price revision, establishing a mechanism to compensate OMCs and refineries for surged insurance, freight and import premiums, and directing PSO to tender imports outside the Strait. Regulators will temporarily ration supplies to dealers and retailers based on an eight month sales track record to discourage hoarding, while considering mandatory work from home and alternative routing to maintain supply continuity.
March 5, 2026
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Energy security: Russia offers crude while India diversifies imports amid regional instability and external trade monitoring.
Russia affirms willingness to supply crude to India as West Asia instability and Strait of Hormuz disruptions threaten energy security. The article links recent military escalations to surging global prices, notes a fall in India's Russian oil purchases, and reports U.S. executive measures tying tariff relief to monitoring of India's Russian oil procurement. India emphasizes supplier diversification and protecting national interests in its procurement strategy.
March 5, 2026
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Regulatory frameworks evolving to support long-term value creation, prompting stronger governance and deeper domestic capital participation.
The IVCA Conclave 2026 focuses on aligning evolving regulatory frameworks and stronger governance standards with deeper domestic capital participation to support long-term value creation. Industry leaders, institutional allocators, and regulators will examine AIF growth, fund governance, liquidity pathways, and capital allocation priorities, with an emphasis on institutionalizing compliance and reporting practices that enable disciplined deployment and diversified exit mechanisms in India's alternate capital ecosystem.
March 5, 2026
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Inclusive finance expansion catalyses cooperative bank modernisation and AI-driven institutional transformation at national finance forum.
i-exceed Technology Solutions is Principal Partner of a national forum convening regulators, ministries, and financial stakeholders to accelerate inclusive finance, cooperative bank modernisation, and the emergence of AI-led financial institutions through three tracks focusing on cooperative banking, MSME capital access, and future AI-native systemic resilience, emphasising embedded finance, assisted banking models, and secure, scalable digital infrastructure to deepen credit access for underserved populations.
March 5, 2026
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RERA approval and statutory permits underpin award-winning residential project, emphasising sustainability, wellness certification, and compliance.
The Cascades Neopolis carries RERA approval (TS RERA No: P02400009538) and HMDA building permission (No: 003505/BP/HMDA/0728/SKP/2024); it emphasizes construction commencement, a planned handover timeline, and industry certifications-IGBC Platinum pre-certification and WELL Pre-Certification-as key compliance and performance credentials relied upon for award assessment and execution-readiness.

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Customs & Trade

West Midlands announces 'A mission to seize the moment' to India during the Year of the Free Trade Agreement

February 16, 2026

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• The UK's Mayoral-led mission to India – the first of 2026 – to strengthen economic and cultural ties between West Midlands and Indian subregions. • Trade mission to Ahmedabad, Mumbai and Bengaluru from 23rd to 27th February follows recent signing of UK-India Free Trade Agreement. • Official trade mission partners include Aston University, Birmingham City University (BCU), energy provider E.ON, GEDU Global Education, University of Birmingham and University of Warwick. BIRMINGHAM, England, Feb. 16, 2026 /PRNewswire/ -- From 23rd to 27th February 2026, Richard Parker, Mayor of the UK's West Midlands region is set to lead a strategic trade mission to Ahmedabad, Mumbai and Bengaluru, building on the historic UK-India Free Trade Agreement signed in July 2025. The mayoral-led mission to India – the first from the UK in 2026 – aims to strengthen economic and cultural ties between the two markets and forge valuable partnerships for the benefit of the region's universities, businesses and communities. It will also deepen political engagement with key national and state-level leaders, reinforcing the West Midlands' role as a trusted long-term partner for India. As well as promoting new job creation the mission aims to affirm the region – including the flagship West Midlands Investment Zone – as an advantageous location for innovative Indian businesses looking to expand. It will also facilitate strategic engagement with Indian travel trade agents and tour operators, cement cultural ties and celebrate cultural exchange, as India gears up to host the 2030 centenary Commonwealth Games. Led by Mayor Richard Parker, the delegation of West Midlands business, academic and political leaders will also include Dr Julie Nugent, CEO at Coventry City Council, Prof. David Mba, Vice-Chancellor at Birmingham City University and Greg Clark, Executive Chair of University of Warwick Innovation District, alongside senior representatives from the West Midlands Growth Company (WMGC) - the official investment promotion agency for the UK's West Midlands region. The official trade mission partners include Aston University, Birmingham City University (BCU), energy provider E.ON, GEDU Global Education, University of Birmingham and University of Warwick. The West Midlands Growth Company (WMGC) – in collaboration with the India Global Forum and Greater Birmingham Chambers of Commerce - has organised a series of events and meetings with senior figures from Indian businesses and institutions. These include multinational manufacturer Tata Motors, multinational technology company Infosys, motorcycle manufacturer TVS Motors and energy company Atri Energy Transition.  The West Midlands delegation will also host an event in Ahmedabad focused on "The Commonwealth Legacy", with the city set to host the 2030 Commonwealth Games and will host a number of roundtable events bringing together key industry bodies and intermediaries. These include visitor economy-focused roundtables with VisitBritain in Mumbai and Bengaluru; a roundtable with India technology trade association NASSCOM, following its Technology and Leadership Forum; a roundtable on Urban Transformation and Smart Cities with the Mumbai Metropolitan Regional Development Authority and an event on AI Skilling & the Future of Work, with the Indian Institute of Management, Bangalore.   The West Midlands has a uniquely strong cultural relationship with India, through its 'living bridge' of 276,000 ethnic Indians that live and work in the region. The two markets have strong economic links, with India representing the UK's second largest source of investment projects for six consecutive years and the West Midlands representing the UK's largest recipient of FDI projects from India outside London. The number of visits from Indian tourists to the region has grown by more than 20 per cent over the last decade and Indian visitors also spend more in the West Midlands than any English region outside of London, valuing experiences such as world-class cricket at Edgbaston and Birmingham's premium retail and dining scenes. The region is already home to some of India's biggest companies, including Tata Group, TVS, Infosys, Hexaware Technologies, Enzen Global, Suprajit Group, State Bank of India, Microland, and more recently, Firstsource and Mahindra. Richard Parker, Mayor of the West Midlands, said: "The West Midlands and India already share real strengths in manufacturing and automotive, in digital tech and in clean energy. That gives us a solid foundation to turn last year's trade deal into something that delivers here at home. "We've built a strong trading relationship with India over many years, rooted in trust and deep cultural ties across our communities. This mission is about taking that further - growing exports from West Midlands firms, attracting new investment into our towns and cities, and bringing more visitors to our region. "If we get this right, it means good jobs for local people, stronger businesses and more money going back into people's pockets across the West Midlands." Harjinder Kang, His Majesty's Trade Commissioner to South Asia & Deputy High Commissioner to Western India, said: "The economic partnership between the UK and India is at an all-time high following the signing of the landmark trade deal last year. The Mayor of West Midlands' visit to India is another strong testament to our ever-strengthening collaboration. Besides reinforcing the growing contribution of the West Midlands to the UK-India partnership, this visit will help businesses from both sides to gear-up to take advantage of the deal which will boost growth by adding billions of pounds across both economies." Further commentary from the delegation: Professor Aleks Subic, Aston University Vice-Chancellor and CEO, said:     "Aston University has a long-term commitment to education, skills, and research partnerships with India, spanning UK study pathways, high-quality transnational education in India, and collaboration with our partner universities and research institutes.    "As a central partner in the Birmingham Knowledge Quarter, Aston is also helping attract significant international investment into Birmingham and the wider West Midlands.   "This mission is a timely opportunity to showcase Birmingham as a global innovation city and to deepen collaboration with Indian industry, researchers, and policymakers on shared global challenges."  Professor David Mba, Vice-Chancellor of BCU, said:  "For Birmingham City University this mission is about strengthening mutually beneficial economic, cultural and educational links between India and the West Midlands.   "We are proud of our Birmingham roots but are always striving to reach beyond, including the deep ties we have in South Asia – thousands of our students are either from India or part of the local Indian diaspora.  "This visit will give BCU new opportunities to advance the implementation of our ambitious 2030 Strategy, including the chance to deepen collaborative research on sustainable cities and cultural exchanges through our Royal Birmingham Conservatoire."  Vijay Tank, Chief Commercial Officer at E.ON Energy Infrastructure Solutions, said:  "Local energy systems are vital in delivering the benefits of the energy transition where they are most needed. Tailoring solutions to specific areas can drive economic growth, create local jobs and skills, and attract investment and innovation where needed.  "Whether it's our Net Zero Training Academy equipping apprentices with sustainable tech skills; providing batteries that cut bills for vulnerable customers, or our strategic partnership to accelerate Coventry's clean energy future, at E.ON we are already delivering some of those very real benefits and we're well placed to champion the Mayor's ambitions for the West Midlands as well as supporting investors in the region when it comes to navigating any energy challenges."  Kevin McCole, Managing Director at GEDU Global Education, said:  "This delegation is important as India matters to the West Midlands and the West Midlands matters to India. There are strong people to people links, strong economic ties across a range of innovation-rich sectors, and deep education partnerships. We're proud to support the Mayor's mission which will bring more investment to the West Midlands, increase two-way trade, and strengthen our education partnerships."  The Rt Hon Greg Clark, Executive Chair of the University of Warwick's Innovation District, said:   "The University of Warwick has a long history of strong ties with India - from the students on campus, to our business partnerships, to our research collaborations.   "As we deepen the cultural, economic, and educational ties between Warwick, the West Midlands, and India, we will accelerate innovation, develop talent, and drive growth that will benefit us all.   "Working with the West Midlands Growth Company and our partners in India, Warwick looks forward to creating a better world together."  Notes to editors: West Midlands Growth Company The West Midlands Growth Company helps the region make its mark nationally and internationally. Its primary purpose is to attract investment, jobs, visitors and businesses to the West Midlands. The West Midlands Growth Company focuses on the WMCA geography of Greater Birmingham and Solihull, Coventry and Warwickshire, and the Black Country. Once the powerhouse of the industrial revolution, the West Midlands has evolved into a world-class and highly sought-after international business destination, with an economy worth £117bn. Situated at the heart of the UK, the region is home to three major cities (Birmingham, Coventry, Wolverhampton) and four thriving boroughs, which come together to form one of Europe's most dynamic and diverse metropolitan clusters. Photo - https://mma.prnewswire.com/media/2902991/West_Midlands.jpg' alt='Embedded Media' /> Logo - https://mma.prnewswire.com/media/2702236/5793849/WMGC_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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