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    India will lead the Global South one day: Mohan Bhagwat in Lucknow
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    PM Modi, Estonia prez welcome significant strategic upswing in India-EU ties
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February 19, 2026
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Trade tariffs nullified by national economic strength - call for self-reliance and firmness in external trade relations.
India's prospective leadership of the Global South and economic self-reliance were foregrounded, asserting that strengthened national capacity will nullify the effect of external tariffs and reduce foreign leverage. The speaker urged firmness in trade relations, linked social harmony and a shared Hindu identity to national unity, advocated moving temple administration from government control to devotees, and highlighted village-level development work including education, dispute resolution, land access, and local employment.
February 18, 2026
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Sovereign energy policy: India's continued purchase of Russian hydrocarbons seen as mutually beneficial despite US claims.
Russia's Foreign Ministry states it has no reason to believe India has changed its position on purchasing Russian hydrocarbons, asserting such purchases are mutually beneficial and help maintain international energy market stability. The statement rebuts US claims that India agreed to stop importing Russian crude, notes that India has not confirmed Washington's assertion, and characterises previous US actions - tariffs, sanctions and prohibitions - as coercive measures intended to dissuade countries from buying Russian oil.
February 18, 2026
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India-EU free trade agreement accelerates strategic economic and technological cooperation, enabling enhanced talent mobility and digital collaboration.
Prime Minister Modi and Estonian President Karis affirmed that the India-EU free trade agreement will act as a catalyst for deeper economic partnership and committed to leveraging it to expand trade and investment linkages, while intensifying cooperation in AI, digitalisation, e-governance, cybersecurity, startups, skilling, talent mobility, tourism, and clean energy collaboration.
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.

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Tata Group working on building AI chips, says Chairman N Chandrasekaran

February 19, 2026

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New Delhi, Feb 19 (PTI) From data centres to software to semiconductors, Tata Group is engaged heavily in building AI layers, and it has started working on industry-specific AI chips as well, Tata Sons Chairman N Chandrasekaran said on Thursday.

In an interview with PTI at the India AI Impact Summit 2026, Chandrasekaran said that AI is going to make a big impact and the Tata Group is working to build several layers from industrial solutions to data centres to vertical-specific AI solutions.

"We, over a period of time, want to build industry-specific AI-driven chips. That's the other major initiative that I talked about. It will take time. I can't give you a timeline. But the work has already started,” Chandrasekaran said.

Earlier in the day, he said that Tata Group is in the process of adopting AI across the stack while also looking to produce chips for multiple industries, with the first set expected to cater to the automotive sector.

Tata Group has partnered with OpenAI to build the first 100 megawatt capacity, which will scale to one gigawatt.

Its group firm TCS has made an announcement with AMD to create a sustainable high-density AI capacity in India for global standards.

“We are also building an AI operating system for industrial solutions which will be built by TCS and Tata Communications. We want to build it in such a way that we can build a lot of vertical agentic AI solutions on top of that,” Chandrasekaran said.

The AI technology ecosystem has several high-tech layers which include data centres where data is hosted, servers which store and manage data technologically, electronics and semiconductors that make servers etc.

The Indian government is promoting all elements of the AI ecosystem where companies like Tata Electronics, TCS, Tata Communications etc are engaged heavily.

Tata Electronics plans to build a mega semiconductor fabrication facility in Dholera, Gujarat, in partnership with Taiwanese firm PSMC, entailing a total investment of around Rs 91,000 crore.

Initially, the plant will produce chips with high nodes starting from 28 nanometers onwards. Chips with 28 nm node size are used mostly in consumer electronics products, IoT devices, automotive electronics, networking devices etc.

It is also setting up a chip packaging unit in Assam with an investment outlay of Rs 27,000 crore and is expected to generate over 27,000 direct and indirect jobs in the region.

Chandrasekaran said that there is a huge opportunity in the semiconductor space and there are a lot of things that the company needs to do.

“But we will need partners and an ecosystem where we will collaborate. So, we are working with a lot of people on semiconductors. We work with ASML, with Tokyo Electron, with Applied Materials. We work with a whole lot of players. Similarly, we work with players like Qualcomm, Intel,” Chandrasekaran said.

He said that Tata Group is also working with many other tech companies and European companies as well.

“It's not fair for me to list all the companies because there are many different partnerships and some are customers, some are suppliers, some co-create with us. So, I think it's a very exciting opportunity,” Chandrasekaran said.

He said that the company’s plants Dholera and Assam are getting a good response from all stakeholders. PTI PRS MR

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