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    CCI approves acquisition of portfolio management services business of Axis Securities by Axis Asset Management Company
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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.
February 17, 2026
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People's budget shaped by public suggestions to advance development priorities while maintaining fiscal discipline in state finances.
The upcoming state budget is characterized as a people's budget shaped by public suggestions, with over twelve thousand submissions and several thousand to be incorporated. It follows prior budget commitments-248 announcements with seventy-seven implemented and most others near completion-and is presented against strengthened fiscal metrics: rising GDP and per capita income, increased own revenue, broad departmental expenditure, fiscal deficit within FRBM limits, and a higher central tax share under the 16th Finance Commission. Socio economic gains cited include employment growth, expanded higher education, MSME formalisation, and export increases.
February 17, 2026
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Trade deal protections for farmers: government assures imports will be allowed only where farmer interests are safeguarded.
The minister stated the interim India-US trade agreement includes safeguards to prevent harm to farmers while allowing necessary imports to address domestic shortages; he defended policy choices on MSP orientation, procurement and buffer stocks as central to protecting farmer interests, and announced Bharat-VISTAAR, an AI-based platform to deliver market prices, crop advice, weather updates and scheme information to enhance farmer welfare and transparency.
February 17, 2026
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PMLA bail conditions prevent release where alleged large-scale fund diversion, multiple FIRs and risk of evidence tampering exist.
Denial of regular bail under the Prevention of Money Laundering Act followed allegations that the accused diverted homebuyer funds, leaving major construction incomplete; investigative records and account certifications showed a large shortfall between amounts collected and expenditure, and the accused was named in multiple FIRs and charge-sheets. The court found a strong possibility of reoffending or tampering with evidence if released and held that the PMLA twin bail conditions-opportunity for the prosecutor to oppose bail and judicial satisfaction of non-guilt and non-recidivism-were not satisfied.
February 17, 2026
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Secured shareholding: Byju's stake in Aakash to remain secured pending NCLAT disposal; TLPL allowed to subscribe.
Aakash undertook in the Supreme Court that Byju's shareholding in Aakash shall remain secured until disposal of the interlocutory application before the NCLAT; the Court recorded that undertaking and gave Byju's parent a limited period to subscribe to the second tranche of the rights issue. The dispute arises from TLPL's challenge to the rights issue amid TLPL's insolvency proceedings, and the NCLAT has permitted TLPL to apply for shares up to its original entitlement while restraining Aakash from taking matters requiring a special resolution until the dispute is adjudicated.
February 17, 2026
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Reporting requirement for local-currency foreign exchange derivatives now covers related-party global transactions; stakeholders invited to comment.
The Reserve Bank proposes draft Directions requiring Authorised Dealer Category - I banks to report foreign exchange derivative transactions involving the Indian currency undertaken by their related parties globally, extending trade repository coverage to offshore rupee derivative flows to enhance market transparency and pricing. The measure builds on earlier requirements for market-makers, primary dealers, and banks to report OTC and rupee interest-rate derivatives, and is published for stakeholder consultation with specified submission procedures.
February 17, 2026
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Customs digitisation shortens clearance times, enabling asset-backed logistics expansion aligned with infrastructure-focused trade reforms.
Union Budget emphasis on multimodal freight connectivity and customs modernisation is expected to reduce structural logistics costs and improve transit predictability. Glottis Logistics will invest in trailers and container assets to increase owned capacity, reduce third-party dependence and strengthen execution across trade corridors. Concurrent customs digitisation measures-electronic cargo sealing, non-intrusive inspections and extended duty deferment for authorised operators-aim to shorten clearance times and ease working capital pressures, making asset-backed operators with disciplined capital allocation better positioned to capture long-term trade competitiveness gains.

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Customs & Trade

AAHAR 2026 – 40th Edition: Strengthening India’s role in the global food economy through a structured B2B platform

March 10, 2026

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New Delhi | 10th March 2026: At a time when the world is navigating geopolitical uncertainty, supply chain disruptions, and economic realignments, food security and food trade have become more critical than ever. In such a global environment, platforms that strengthen trade partnerships and supply chain resilience become extremely important. The 40th edition of AAHAR is therefore not just another exhibition — it is a statement of India’s growing role in the global food economy. Over the last four decades, AAHAR has evolved into one of Asia’s most respected Business-to-Business platforms for the food and hospitality sector. It connects producers, processors, exporters, technology providers, hospitality leaders and institutional buyers from across the world. As India hosts the 40th edition this year, the exhibition reflects both continuity and transformation — continuity of a trusted trade platform, and transformation in how the global food ecosystem is evolving.

AAHAR exists because trade platforms are essential for translating production strength into economic opportunity. India today is among the largest producers globally of milk, spices, rice, fruits and vegetables, and pulses. Specifically, India accounts for 24% of global milk production, commands a 25% share of the $20 billion global spices market, contributes 28% of world rice production, and leads in fruits like bananas (26% global production), mangoes (43%), and papayas (37%). However, production scale does not automatically translate into proportionate export dominance. These figures illustrate that production alone does not create economic value. Value is created when agriculture connects with processing, technology, packaging, logistics and global markets. AAHAR provides exactly this platform.

Recent export performance underscores this opportunity. In FY25, dairy exports reached 113,350 metric tonnes valued at $493 million, representing an 80% year-on-year increase. Similarly, while India produces spices at scale, it captures approximately 25% of global spice exports, exporting 1.5 million tonnes worth $4.5 billion annually. Rice exports demonstrate stronger global penetration, with India shipping 21.55 million tonnes in 2025, valued at approximately $12.95 billion in FY25, representing significant volume in global rice trade. Fruits and vegetables exports reached $1.82 billion in FY25, while pulses exports hit a record 876,000 metric tonnes from January to November 2025, with full-year projections approaching 1 million metric tonnes. These indicators underline a clear pathway: strengthen value addition and processing capability, promote technology adoption, and build structured market linkages that expand India’s presence in global food trade.

AAHAR enables this through outcomes that are clearly business-focused. It facilitates business matchmaking, export partnerships, technology exchange and investment opportunities. For entrepreneurs, processors, hospitality players and exporters, AAHAR is where real business conversations happen.

Food and hospitality is among the fastest growing sectors in India, driven by demography, rising prosperity, urbanisation, lifestyle changes, rapidly growing leisure travel, outsourcing events and the evolution of a modern market, services and supply chain infrastructure. At the heart of this growth is the food processing industry. In this context, AAHAR’s relevance extends across the complete sector—from the front end to the back end—bringing together stakeholders across food processing and hospitality solutions, and connecting them to the world.

The scale of this year’s edition demonstrates the confidence that global industry has in the platform. AAHAR 2026 features 1800+ exhibitors, including 155 international exhibitors from 17 countries, with Italy as the Partner Nation. Participants represent the entire food ecosystem including processed foods, dairy and marine products, spices and organic produce, bakery and confectionery, food processing machinery, cold chain technology, packaging innovations and hospitality solutions. This breadth makes AAHAR one of the most comprehensive food and hospitality trade events in the region.

The exhibition increasingly serves as a platform not just for physical products, but for technology solutions that enhance efficiency and sustainability across the food value chain. As global supply chains diversify, countries are looking for stable and reliable sourcing partners. India offers a unique combination of agricultural scale, skilled workforce, expanding food processing capacity, and a strong entrepreneurial ecosystem. Total agricultural and processed food exports reached approximately $49 billion in FY25, with agricultural exports constituting 11.9–13% of India’s total export basket. The food processing sector contributes 7.93–8.8% to India’s manufacturing Gross Value Added (GVA) and accounts for 12.91% of organized employment in the manufacturing sector. The role of platforms like AAHAR is to accelerate these global linkages and help Indian businesses connect with international buyers and partners.

A defining pillar of the platform is its relevance for Micro, Small and Medium Enterprises (MSMEs) and emerging entrepreneurs. AAHAR has always provided an inclusive platform for these businesses. Through dedicated startup pavilions, buyer-seller interaction sessions, and global networking opportunities, the exhibition enables smaller enterprises to connect with larger markets and institutional buyers. For many MSMEs, AAHAR is where their products first reach global buyers, where they secure their first export orders, and where they establish relationships with technology providers and logistics partners that enable scale. The government’s support through schemes like PM Formalization of Micro Food Processing Enterprises (PMFME), Production Linked Incentive (PLI) for food processing, and infrastructure development under the Pradhan Mantri Kisan Sampada Yojana (PMKSY) creates an enabling environment that platforms like AAHAR help translate into commercial opportunities.

The global food industry is increasingly focused on sustainability and responsible business practices. This includes responsible sourcing and ethical supply chains, efficient resource use particularly water and energy, sustainable packaging solutions reducing plastic use, lower carbon footprints through optimized logistics, waste reduction and circular economy principles, and organic and regenerative agriculture practices. Many exhibitors at AAHAR are showcasing innovations in these areas, reflecting the industry’s commitment to responsible growth. Sustainability is no longer a peripheral concern but a core competitive advantage in global food trade.

Chairman, ITPO Quote: The food and hospitality sector is among the fastest-growing sectors in India, driven by favourable demographics, rising prosperity, urbanisation, changing lifestyles, growing leisure and business travel, outsourcing of events, and the evolution of modern markets, services, and supply chain infrastructure.

At the core of this ecosystem lies the food processing industry.

India is already a major exporter of agricultural products. Exports of value-added products, equipment, and accessories are emerging as a new priority and are showing promising growth. Our new Free Trade Agreements will further expand export opportunities, which are vital for our farmers and the MSME sector.

AAHAR brings together all segments of this industry — from the front end to the back end — and connects them with the global market. International participation continues to grow, and for the first time, Italy is the Partner Country for this edition.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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