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    India's forex kitty jumps USD 8.66 bn to record USD 725.72 bn
    India joins US-led 'Pax Silica' alliance to bolster AI and critical minerals supply chains
    Union Minister of Commerce and Industry Shri Piyush Goyal Launches Export Promotion Mission to Boost MSME Exports and Strengthen Global Competitivenes...
    Production Linked Incentive Scheme with ₹1.91 Lakh Crore Outlay Drives Strong Industry Participation Across 14 Strategic Sectors
    India-US interim trade pact likely to be operationalised in April, says commerce minister
    Officials of India and US to begin 3-day meet on Feb 23 to finalise legal text for interim trade pact
    When Investor Safety Meets Street Culture: NSDL Activation Draws Attention in Delhi
    GCCs to drive up to 50% of India office demand; US to dominate while UK & EU to gain share- says Colliers India
    Attention : Update on Advisory on Interest Collection and Related Enhancements in GSTR-3B
    Indian-origin lettings boss who wanted to run for London Mayor guilty of fraud
    Trump pushes trade, defence ties with B'desh as he congratulates new PM Rahman
    J&K govt initiates liquidation of SCARD bank, assures protection of depositors’ interests: Dar
    Access pass for fishing in country's EEZ to be launched in Gujarat's Veraval
    Gujarat's debt rises to Rs 3.99 lakh cr in 2024-25 as per revised estimates: Desai in assembly
    US trade deficit slipped to USD 901 billion last year amid Trump tariffs
    Tata Group working on building AI chips, says Chairman N Chandrasekaran
    AccessifyLabs Appoints Abin Roy Choudhury as Chief Executive Officer to Accelerate Global Expansion and Enterprise Accessibility Leadership
    Proposed India-US trade deal compromises India’s sovereignty, farmers' interests: Sachin Pilot
    Cristiano Ronaldo Invests $7.5 Million in Herbalife's Pro2col™ Technology, Acquires 10% Equity Stake
    rivexa Ignites a New Era of Global Exports
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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.
February 20, 2026
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Trade agreements to reduce market barriers, spurring GCC expansion and materially boosting Grade A office demand in India.
Bilateral trade agreements with major partners are expected to reduce market barriers and tariffs, incentivizing multinational firms to expand India-based GCCs into higher value functions and thereby materially increase Grade A office demand across the top seven Indian markets; Colliers projects GCCs could account for a substantial share of future leasing while noting that benefits depend on finalisation and implementation of agreement details.
February 20, 2026
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Interest computation in GSTR-3B updated; portal auto-populates minimum interest and permits CGST/SGST ITC for IGST liabilities.
From January-2026 the portal revises interest computation in GSTR-3B table 5.1 to deduct the minimum cash balance in the Electronic Cash Ledger from net tax liability for interest calculation; the computed interest is auto-populated as a non-editable minimum and taxpayers must self-assess upward if necessary. The portal will auto-populate the Tax Liability Breakup from GSTR-1/GSTR-1A/IFF document dates for prior-period supplies discharged in the current period, and once IGST ITC is exhausted allows use of CGST and SGST ITC in any sequence in Table 6.1. Interest on late final returns for cancelled taxpayers will be collected via GSTR-10.
February 19, 2026
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Fraud in anticipation of winding-up: director diverted company funds after loss of control, now facing criminal and confiscation proceedings.
A director was convicted of fraud in anticipation of winding-up after transferring the company's bank funds to his personal account following appointment of a Law of Property Act receiver and the transfer of the company's assets and sole share to that Receiver. The jury rejected his claimed belief in entitlement to the funds. The Insolvency Service is pursuing confiscation under proceeds legislation, and the director remains disqualified with an indefinite suspension of bankruptcy discharge for noncooperation with the Official Receiver.
February 19, 2026
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Trade agreement obligations require tariff cuts, import and defence commitments, triggering transparency and sovereignty concerns.
The bilateral package imposes binding commercial and defence commitments requiring tariff reductions, duty-free access for specified exports, mandated imports of US agricultural and energy commodities, and increased purchases of US military hardware while limiting procurement from certain other countries. The deals were negotiated under a Non-Disclosure Agreement, and commentators question whether an unelected interim government had authority to conclude secretive, long-term obligations without parliamentary oversight, raising transparency, fiscal stability, and sovereignty concerns.
February 19, 2026
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Liquidation of cooperative bank initiated; depositors' claims to be settled under statutory priority after KYC verification and phased settlement.
Liquidation proceedings for SCARD Bank Ltd have been initiated under the Cooperative Societies Act due to accumulated losses, weak governance, poor loan recovery and liquidity pressures; the bank is not registered under the Banking Regulation Act and thus lies outside RBI purview. A comprehensive KYC verification of claims is complete and, following a winding-up order and appointment of liquidators, duly verified depositor claims will be settled in phased manner strictly pursuant to statutory provisions and the prescribed order of priority. Deposit insurance and credit guarantee mechanisms do not apply; the government has compiled depositor liability projections and may consider budgetary provisioning.
February 19, 2026
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EEZ access pass allows regulated offshore fishing with traceability and sustainability safeguards to support seafood export competitiveness.
An access pass framework regulates organised fishing in India's Exclusive Economic Zone, establishing entry conditions, monitoring, compliance, and traceability standards under the Sustainable Harnessing of Fisheries in the EEZ Rules, 2025, to enable responsible offshore harvesting, empower fishing communities and support seafood export competitiveness.
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.

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Summer 2026 AC Guide: Top picks, deals and savings

February 19, 2026

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Pune, Maharashtra, India (NewsVoir) As summer approaches, most Indian families are looking for a reliable way to escape the rising heat. With heatwaves becoming more frequent, owning a high-performance AC from trusted brands like Voltas, Daikin, or LG has become an essential for staying comfortable at home. The latest 2026 models are designed to do more than just cool; whether it is the energy-saving technology of Samsung or the heavy-duty cooling of Blue Star, these units provide instant relief and keep rooms chilled even on the hottest days. Buying a new air conditioner can feel like a big investment, but Bajaj Finserv makes it simple and affordable. With the Easy EMI Loan, customers can break down the cost into manageable monthly installments, choosing repayment tenures of up to 60 months. Many AC models are also available with zero down payment, making instant ownership possible. And with over 1.5 lakh partner stores across 4,000 cities, upgrading to a reliable cooling solution this season is both convenient and budget-friendly. What’s on offer this summer Beat the heat without burning a hole in the pocket. Bajaj Finserv offers exclusive deals on premier AC brands tailored to different needs—whether prioritising eco-friendly energy savings, cutting-edge smart features, or powerful, consistent performance, there is an ideal cooling solution for every space. Voltas ACs • Discounts: Up to 52% off • Deal offered: 1.5 Ton 5 Star Inverter Split AC at Rs. 37,490 • Models covered: 2024 and 2025 range • Ideal for: Families seeking maximum savings with trusted performance Daikin ACs • Discounts: 36% – 41% off • Deal offered: 1.5 Ton 3 Star models starting at Rs. 34,490 • Known for: Japanese precision and durability • Ideal for: Homeowners who value long-lasting quality and quiet cooling LG ACs • Discounts: Up to 30% off • Special feature: AI convertible cooling adapts to room occupancy • Ideal for: Tech savvy users who want smart, customised cooling with options like the LG 1.5-ton air conditioner. Who can avail these offers These EMI plans are available to Bajaj Finserv EMI Network Card holders or those eligible for Easy EMI loan across India. Customers can check their pre-approved loan eligibility by entering their mobile number online. Disclaimer: The prices are subject to change and may vary by location or retailer. For the latest prices and offers, visit the nearest Bajaj Finserv partner store. Why buy a new AC from Bajaj Finserv this summer Upgrading to a high-performance air conditioner has never been easier or more affordable. With Bajaj Finserv’s Summer Sale offers, customers can bring home the latest AC models through Easy EMIs, zero down payment schemes, and exclusive seasonal discounts designed to fit every budget. To help buyers save even more, Bajaj Finserv offers the Maha Bachat Savings Calculator — a smart tool that combines brand discounts, dealer offers, and EMI benefits. It helps customers plan purchases efficiently while lowering the overall cost of ownership. • Browse online: Explore a wide range of ACs from top brands like Voltas, Daikin, and LG on Bajaj Mall. Compare features such as inverter technology, star ratings, and cooling capacity. • Visit partner stores: Experience models in person at any of the 1.5 lakh+ Bajaj Finserv partner stores across 4,000 cities, with expert guidance available. • Opt for Easy EMI Loan: Finance up to Rs. 5 lakh with flexible tenures ranging from 3 to 60 months. Many AC models come with zero down payment for instant ownership. • Check eligibility online: Quickly verify pre-approved loan limits by entering a mobile number and OTP. • Use Insta EMI Network Card: Existing cardholders can convert purchases into EMIs instantly with a paperless checkout process. With trusted brands offering powerful, energy-efficient ACs at exclusive prices — and Bajaj Finserv making ownership simple and budget-friendly — this is the perfect time for families to upgrade their home cooling setup. Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit www.bajajfinserv.in. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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