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    WinZo case: ED attaches Rs 500-crore bank deposits in US, Singapore
    Can't say when I'll return to India; legally barred from leaving UK: Mallya tells Bombay HC
    Save Box app case: ED attaches asset linked to Malayalam actor Jayasurya
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    Kerala grants temporary pay relief to 20,000 teachers after SC K-TET ruling
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    Asian shares gain as most regional markets stay closed for Lunar New Year holidays
    Cong cites OCCRP report to allege use of benami funds to amass large stakes in Adani Group
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February 18, 2026
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Provisional attachment under PMLA of overseas deposits linked to a real money gaming app for alleged money laundering and algorithmic manipulation.
The Enforcement Directorate issued a provisional order under the Prevention of Money Laundering Act to attach overseas bank deposits held in the names of alleged shell companies linked to Winzo Pvt Ltd, operated and controlled by its promoters, as part of a money laundering investigation into the real money gaming business alleging use of BOTs/AI and restrictions on customer withdrawals; a chargesheet has been filed and cumulative attachments have been reported.
February 18, 2026
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Fugitive economic offender status challenged as absence due to passport revocation and UK travel prohibition.
The petitioner challenges his designation as a fugitive economic offender and the constitutional validity of the Fugitive Economic Offenders Act, asserting he cannot specify a return date because his Indian passport was revoked and English and Welsh court orders prohibit him from leaving; counsel contends absence stems from international legal constraints and need not bar the High Court from hearing the petitions. The bench directed the Union government to file its reply and posted the matter for further hearing.
February 18, 2026
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Provisional attachment under PMLA used to secure asset linked to alleged investor cheating and diverted endorsement proceeds.
Provisional attachment under the Prevention of Money Laundering Act was used to secure an immovable property in Kerala linked to proceeds allegedly generated through cheating by an online bidding application, with investigators tracing diverted funds to celebrity endorsement payments, cryptocurrency trading losses and personal expenses and issuing a provisional order to preserve the property equivalent to the identified proceeds.
February 18, 2026
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Free trade agreement momentum boosted as leaders discuss cooperation across technology, shipbuilding and corridor connectivity.
Leaders focused on strengthening bilateral ties by promoting a Free Trade Agreement and enhancing cooperation in technology, innovation, shipbuilding, blue economy, and connectivity via the India Middle East Europe Economic Corridor. Croatia flagged increased trade and opportunities in logistics, maritime transport, digital transformation, defence and security, and emphasised its gateway role linking the Three Seas Initiative with the IMEC corridor. The visit occurred alongside the AI Impact Summit, framing AI's policy relevance to these economic agendas.
February 18, 2026
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Merger approval: consolidation of an NBFC's asset finance business into an inactive holding entity cleared, detailed regulatory order to follow.
The Competition Commission approved the proposed merger of Hinduja Leyland Finance Limited into NDL Ventures Limited, enabling consolidation of Hinduja Leyland Finance's asset finance activities-small ticket retail and vehicle loans, loan against property and housing loans-into NDL Ventures, which presently has no active business; a detailed regulatory order and any conditions will follow.
February 18, 2026
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Competition approval for internal reorganisation permits transfer of specified BCCL businesses to newly formed THPL on going concern basis.
Competition Commission approval granted for an internal reorganisation by Bennett Coleman & Company Limited to demerge and transfer specified entities, businesses, undertakings, assets and liabilities (EIBME Business) into newly incorporated Times Horizon Private Limited on a going concern basis, with further detailed order to follow.
February 18, 2026
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Competition approval for acquisition of portfolio management services business, consolidating PMS activities under an asset manager.
The Competition Commission of India has approved an acquisition in which Axis Asset Management Company Limited will acquire the portfolio management services business of Axis Securities Limited in India. The Acquirer manages a mutual fund business, provides portfolio management services, and manages alternative investment funds across Category II and Category III; the Target Business comprises the Transferor's portfolio management services in India. A detailed order will follow.
February 18, 2026
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Teacher eligibility requirement: temporary pay preserved for affected teachers pending K-TET compliance within the prescribed compliance period.
Following the court's removal of a pre-existing exemption, the State will grant temporary pay-scale approval to teachers appointed before the ruling's effective date provided they clear K-TET within the prescribed compliance period; equivalent qualifications are accepted and promotions will be considered after legal advice. The State will also re-fix posts to include students with Aadhaar EIDs or pending corrections to remedy staff losses caused by Aadhaar data discrepancies.
February 18, 2026
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Agricultural innovation investment roadmap drives company expansion into exports, joint ventures and multiyear seed R&D projects.
Indo US Bio-Tech Limited's roadmap commits to phased investments in infrastructure, capacity and crop-specific multi-year R&D through 2030-31, including a high-tech greenhouse, a 5,000 sq. ft. seed processing plant with dedicated machinery, processing capacity modernization, a joint venture groundnut seed plant, and multiple staged tomato, bottle gourd, chilli and brinjal breeding and commercialization projects, alongside a strategic export push into the US and African markets with staged pilot-to-full-scale operations.
February 18, 2026
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Aadhaar linkage: Delhi mandates household Aadhaar for online ration card applications, with verification and eligibility checks.
Delhi mandates online applications via the e-district portal for new ration cards with Aadhaar numbers for all family members and supporting residence and income documentation. Food supply officers will scrutinise and verify applications, forwarding eligible cases to assistant commissioners and a district-level committee which applies Delhi Food Security Rules, 2026 and the SOP, enforces exclusion criteria, prioritises needy applicants, maintains a waiting list, and routes appeals to the Public Grievance Commission as State Food Commission.
February 18, 2026
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Fugitive economic offender status limits challengeability while the declared person is legally barred from leaving a foreign jurisdiction.
This matter concerns a challenge to a declaration under the Fugitive Economic Offenders regime and a constitutional challenge to the Act, where the petitioner states he cannot return because his Indian passport was revoked and English and Welsh orders bar his departure, and the court has invited the government to reply while indicating it will not hear the challenge to the declaration until the petitioner returns.
February 18, 2026
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Trade agreements driving investment: operationalising TEPA and sectoral cooperation to convert agreements into industrial collaboration and investments.
India emphasises an expanding trade architecture providing a durable framework for trade, industrial collaboration and long-term investments, supported by domestic regulatory and budgetary reforms to ease compliance. Discussions focused on operationalising the TEPA with the European Free Trade Association (EFTA) and on sectoral cooperation in renewables, carbon capture, rare earths, green tech, maritime, fisheries, semiconductors and financial services, with presentations outlining bilateral investment potential and mechanisms to translate agreements into practical cooperation.
February 18, 2026
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Anticipatory bail denial in money laundering probe tied to cyber fraud highlights custodial interrogation necessity.
Refusal of anticipatory bail to a chartered accountant in a PMLA investigation stemmed from an alleged intricate mesh of laundering involving layering through thousands of mule accounts, use of an overseas payment platform and cross border cash withdrawals; the high court held custodial interrogation necessary to unravel transactions crafted by skilled professionals and to secure electronic evidence, distinguishing ordinary cryptocurrency dealings from an organised scheme to siphon investors' funds and noting allegations of assault, bribery and destruction of electronic material.
February 18, 2026
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India-EU Free Trade Agreement expands economic ties and drives technology, defence and education cooperation across Europe and India.
The India EU Free Trade Agreement is presented as the principal catalyst for deeper India-Europe economic relations, expected to expand market access and commercial opportunities. Bilateral meetings with Spain and Finland focused on leveraging the FTA to strengthen economic partnership and targeted cooperation in defence, security, advanced technologies (including AI and 6G), clean energy and higher education, while India's AI Expo serves as a platform to operationalise joint technology, startup and institutional collaboration.
February 18, 2026
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Foreign owned US LLC compliance: nonresident owners face mandatory IRS reporting and parallel Indian tax and FEMA obligations.
Nonresident ownership of US single member LLCs triggers an annual IRS Form 5472 filing obligation with steep per form penalties for non filing; this filing must be submitted by mail or fax. The US FinCEN BOI exemption for domestically formed entities does not remove Form 5472 duties. Indian residents must report and tax worldwide income and may face FEMA and Overseas Direct Investment reporting requirements, so professional cross border tax and FEMA advice is recommended before formation.
February 18, 2026
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Tariff elimination boosts India's export competitiveness, enhancing global sourcing and buyer engagement through imm india's trade platform.
Trade-policy shifts, notably the EU-India Free Trade Agreement, have eliminated or substantially reduced import duties on several Indian furniture categories, lowering average tariffs and simplifying customs procedures. imm india 2026 is structured as a B2B trade platform-featuring a Hosted Buyer Programme, The Sourcing Hub, curated showcases, and industry alliances-to enable direct sourcing, streamline buyer-seller engagement, and translate tariff and customs liberalisation into expanded export market access for Indian manufacturers.
February 18, 2026
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Trade tariffs reshape investment flows as US-Japan deal ties increased export levies to large bilateral investment commitments.
A bilateral trade arrangement between Japan and the United States is reported to include a substantial Japanese investment pledge in the US and an associated increase in export tariffs on Japanese goods, while a Japanese subsidiary's participation in a major US natural gas facility links cross border investment commitments to energy project involvement, framing market movements alongside investor concerns about overinvestment in AI infrastructure and resultant volatility.
February 18, 2026
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Benami funds allegations prompt call for parliamentary probe amid claimed regulatory inaction and governance failures.
Allegations assert the use of benami funds by close associates to amass significant stakes in a corporate conglomerate through intermediaries and trading firms, accompanied by claims of over-invoicing, cross-border transfers, and an alleged bribery scheme to secure contracts; these claims form the basis for demands for a parliamentary inquiry into corporate ownership concealment and associated governance failures amid perceived regulatory and enforcement inaction.
February 18, 2026
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Digital savings account transparency improves customer decision-making through instant account opening, UPI integration and built in interest tools.
AU Small Finance Bank's enhanced digital savings account focuses on instant digital account opening, UPI integration, 24x7 mobile banking, contactless debit card capabilities, and an integrated savings account interest rate calculator that provides transparent interest rate visibility to help customers evaluate returns, plan finances, and maintain liquidity while supporting financial inclusion.
February 18, 2026
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Business correspondent operationalisation advances as banks urged to scale services and complete digital monitoring and geotagging.
Monitoring Committee reviewed operational and governance aspects of the Business Correspondent model, noting implementation of a Business Correspondent Registry that identifies duplicate BCs and captures service and performance records; member banks completed geotagging of BC points and are using digital monitoring tools. The Committee advised banks to scale up and expand services at BC outlets, and discussed commission structures in remote areas, grievance resolution for BC organisations, and coordination to strengthen performance monitoring and financial inclusion.

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AccessifyLabs Appoints Abin Roy Choudhury as Chief Executive Officer to Accelerate Global Expansion and Enterprise Accessibility Leadership

February 19, 2026

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Hyderabad, Telangana, India – Business Wire India AccessifyLabs today announced the appointment of Abin Roy Choudhury as its Chief Executive Officer, marking a decisive new chapter of global expansion, enterprise engagement, and innovation-led growth. A three-time founder and seasoned SaaS growth leader, Abin brings more than 22 years of experience scaling enterprise technology and accessibility-driven solutions across APAC, MENA, North America, and Europe. His appointment reinforces AccessifyLabs’ strategic focus on positioning digital accessibility not merely as a compliance requirement, but as a core pillar of digital trust, governance architecture, and long-term enterprise value creation. Digital accessibility has evolved into a business-critical requirement that affects procurement processes, regulatory compliance, customer interactions, and engineering requirements. The design and development of products now depend on accessibility because digital platforms have become essential for business operations. Abin Roy Choudhury, CEO of AccessifyLabs, stated, “Accessibility has become essential for building digital trust and maintaining product quality and brand trustworthiness. Our organization aims to establish accessibility as a fundamental element of digital operations for businesses by integrating it into their processes for innovation, governance, and engineering activities to achieve measurable results in risk management, operational performance, and sustainable development.” Proven Enterprise Accessibility and Growth Leadership Abin is widely recognized as a global leader in enterprise accessibility and growth. Most recently, he served as Vice President of Sales, APAC at Deque Systems, where he built and scaled the regional accessibility business into a multi-million-dollar operation. His leadership drove adoption across highly regulated sectors, including banking and financial services, airlines, telecom, healthcare, and government. During his tenure, enterprises integrated accessibility into development lifecycles and governance frameworks aligned with WCAG 2.2, ADA, and Section 508, shifting accessibility from a reactive obligation to an operational discipline embedded within product teams. In parallel, Abin is the Founder & Chairman of Bivuti Technologies, an enterprise SaaS reseller and OEM delivery partner operating across India, the United States, and Europe, supporting AI driven scalable technology adoption. Recognized Voice in the Global Accessibility Community Beyond operational leadership, Abin is an active public speaker and advocate for digital inclusion. He has delivered keynote sessions and participated in strategic discussions at national and international forums, including Global Accessibility Awareness Day (GAAD) initiatives, India Banking Summit & Awards accessibility forums, National Conferences on Digital Accessibility for Persons with Disabilities, Government Policy Roundtables, and Industry Panels addressing accessibility in banking, financial inclusion, and accessible travel innovation. His work has helped advance accessibility as both a governance responsibility and a strategic business enabler. Abin is also the author of The Sales Innings and an alumnus of the Indian Institute of Management Calcutta. Scaling Enterprise Accessibility Across Global Markets Under Abin’s leadership, AccessifyLabs will deepen its enterprise advisory capabilities, strengthen accessibility governance frameworks, and expand its international footprint across regulated markets. The company will continue investing in integrated models spanning consulting, expert-led audits, remediation advisory, automation, documentation, and developer enablement. AccessifyLabs invites enterprises worldwide to partner in building inclusive digital futures, where accessibility strengthens innovation, trust, and long-term growth. About AccessifyLabs Founded in 2015, AccessifyLabs is a global digital accessibility and compliance partner helping enterprises embed digital accessibility into governance, engineering, and risk management frameworks. Serving SaaS companies, financial institutions, healthcare providers, government agencies, and other regulated sectors across the United States, Europe, APAC, and India, the company enables enterprises to move beyond compliance and build inclusive, trusted digital experiences at scale. AccessifyLabs delivers services-first accessibility solutions, including strategy consulting, expert WCAG 2.2 audits aligned to global regulations (ADA, Section 508, EN 301 549, EAA), VPAT/ACR documentation, remediation guidance, developer enablement, and enterprise training. Complementing its advisory expertise, the company provides an integrated technology suite for continuous compliance at scale—featuring automated testing and real-time monitoring embedded in development workflows, along with an advanced document engine that converts high-volume enterprise content into PDF/UA-compliant formats using intelligent tagging and AI-assisted remediation. For more information, visit: https://accessifylabs.com/. To View The Image, Click On The Link Below: Abin Roy Choudhury, Chief Executive Officer (CEO), AccessifyLabs (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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