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    CIBF 2026: The World's Largest Battery Show Lands in Shenzhen — Powering the Global Green Energy Revolution
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April 29, 2026
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Battery technology and low-carbon innovation drive CIBF 2026, highlighting energy storage, recycling and carbon footprint management.
Battery technology, energy storage and low-carbon innovation are the central themes of CIBF 2026, a large-scale international industry event in Shenzhen covering the battery value chain, advanced materials, intelligent manufacturing and circular recycling technologies. The accompanying forums address next-generation battery technology, electric aviation batteries, large-scale energy storage deployment and carbon footprint management, while highlighting green development through fuel cells, low-carbon manufacturing and recycling solutions.
April 29, 2026
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Bilateral trade cooperation deepens as India and Kenya expand market access, customs facilitation and local currency settlement talks.
Bilateral trade and economic cooperation between India and Kenya was reviewed and strengthened at the Joint Trade Committee meeting in Nairobi, with emphasis on trade diversification, market access and institutional engagement. The discussions covered trade facilitation through standardisation cooperation, exchange of pre-arrival customs information, and possible use of local currency settlement mechanisms, along with broader sectoral collaboration in engineering, pharmaceuticals, agriculture, renewable energy, digital public infrastructure, capacity building and education.
April 29, 2026
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Sports-related intellectual property fee waiver promotes innovation, eases registrations, and supports creators across the sports ecosystem.
All intellectual property registrations connected with sports, including trademarks, copyrights, patents, designs, traditional knowledge and geographical indications, were announced to be exempt from fees for three years with immediate effect. The initiative was presented as a special drive to promote innovation in the sports ecosystem, along with facilitation support under existing schemes to help innovators, students, artisans and other stakeholders file and secure IP rights.
April 29, 2026
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International taxation outreach highlights tax certainty, voluntary compliance, and guidance on new tax law, rules, forms, and APA issues.
International taxation outreach was conducted to familiarise stakeholders with the new Income-tax Act, 2025, the Income-tax Rules, 2026, and the new forms, with particular emphasis on international taxation, transfer pricing, and advance pricing agreements. The programme also highlighted simplified laws, trust-based governance, decriminalisation of several provisions, timely taxpayer services, and data-driven NUDGE campaigns to encourage voluntary compliance. The outreach included brochures on safe harbour, APA, foreign tax credit, and TRC, and a demonstration of the AI-powered chatbot "Kar Sathi" for taxpayer guidance.
April 29, 2026
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Fraudulent Input Tax Credit through bogus invoices led to detection of a GST evasion network and arrest of an accused.
Fraudulent availment and utilisation of Input Tax Credit through bogus invoices was detected in a GST evasion network involving a non-functional entity that passed fake ITC without actual supply of goods or services. Investigation also identified a smartphone trading entity as the principal beneficiary, and the son of its director was found to have knowingly availed and utilised fake ITC through paper transactions, attracting contravention of Section 16 and liability under Section 132 of the CGST Act, 2017.
April 28, 2026
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Agricultural trade and innovation partnerships drive Punjab's outreach on horticulture exports, crop diversification, and research collaboration.
Punjab's investment promotion outreach to the Netherlands and Finland focused on expanding cooperation in agriculture, horticulture, industrial investment, education, research exchange, technology transfer, and startup collaboration. Discussions included the possibility of importing roses from Punjab, developing export-quality flower production, and exploring joint projects in modern agricultural techniques, sustainable farming, and high-value crops. The outreach also identified opportunities for global partnerships in innovation and agricultural development, including a proposed research and development unit and an innovation hub in Mohali.
April 28, 2026
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Corporate guarantees as financial debt and limits on blocking roads for religious activities shape the latest legal developments.
Liabilities arising from corporate guarantees constitute financial debt under the Insolvency and Bankruptcy Code, and a consortium of banks led by SBI was recognised as financial creditors. Roads cannot be blocked in the name of religious activities; while a denomination has autonomy in the manner of worship, the government may interfere where a secular activity is affected.
April 28, 2026
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Interim bail under money-laundering law requires exceptional humanitarian grounds, not general hardship or chronic family illness.
Interim bail in offences under the Prevention of Money Laundering Act must rest on compelling, immediate and exceptional humanitarian circumstances. A plea based on the deteriorating medical condition of the accused's mother was rejected because the court found no sudden or life-threatening emergency, noted that dementia is a chronic condition, and held that the materials did not show an acute crisis requiring the accused's immediate presence. The court also found that other family members were available and that alternative care arrangements had not been shown to be impossible.
April 28, 2026
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Money-laundering probe over alleged homebuyer fraud leads to provisional attachment of Raheja Developers-linked assets.
Provisional attachment of immovable properties and related assets under the Prevention of Money Laundering Act was reported in a money-laundering investigation concerning alleged fraud against homebuyers by Raheja Developers and linked entities. The Enforcement Directorate stated that the case arose from FIRs alleging cheating of homebuyers and diversion of funds collected for residential projects. The agency alleged that project funds were routed through related entities and shell companies and used for purposes unrelated to the projects, while the company denied wrongdoing and attributed delays to missing infrastructure.
April 28, 2026
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Plastic-free packaging norms proposed for pan masala, gutkha and tobacco with eco-friendly material options.
Food safety packaging regulations are proposed to be amended to expand the range of suggestive packaging materials for pan masala by including naturally derived and eco-friendly options such as paper, paperboard, cellulose and similar materials. The draft amendment states that packaging for gutkha, pan masala and tobacco in all forms should be free from plastic, including vinyl acetate-maleic acid-vinyl chloride copolymer, and that plastic sachets should not be used for storing, packing or selling those products.
April 28, 2026
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Corporate guarantees as financial debt under insolvency law protect lender claims despite stamping and disclosure objections.
Liabilities arising from corporate guarantees executed by the corporate debtor constitute financial debt under the Insolvency and Bankruptcy Code where the guarantee secures money borrowed against interest. The guarantor's liability is co-extensive with that of the principal borrower, and a consortium of banks relying on such guarantees is entitled to be recognised as financial creditors in the insolvency process. Improper stamping does not render the instrument void, and non-disclosure in financial statements does not extinguish the lender's substantive right to claim the debt.
April 28, 2026
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Inflation concerns and rising oil prices keep central banks cautious as energy stocks gain and markets trade mixed.
Global markets traded mixed as rising oil prices and stalled diplomatic efforts over the Iran war lifted energy stocks and intensified inflation concerns. Brent and US crude advanced sharply, and major energy companies gained after stronger profit results. Central banks were expected to remain cautious, with the Federal Reserve likely to hold rates steady and the Bank of Japan keeping its policy rate unchanged while monitoring the impact of Middle East developments on the economy.
April 28, 2026
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Retail banking-led profitability improves as Bandhan Bank reports stronger quarterly earnings and better asset quality
Bandhan Bank reported a sharp year-on-year rise in quarterly net profit, driven mainly by stronger retail banking and treasury performance and improved asset quality. Retail banking returned to profit, treasury income stayed robust, and these gains offset wholesale banking losses. Better collection efficiency, stabilisation of the microfinance-led portfolio, and a shift toward secured lending supported profitability. Asset quality strengthened as gross and net NPAs declined, while lower slippages and improved recoveries reduced stress despite continued provisions. Advances and deposits grew, the secured-loan share increased, and net interest income and total income also rose.
April 28, 2026
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Smart Home Expo 2026 opened in Mumbai as a trade platform showcasing India's smart living ecosystem, with emphasis on home automation, intelligent lighting, immersive audio-visual systems, energy management and smart security solutions. The event brings together more than 450 brands and over 8,000 products, and is presented as a forum for knowledge exchange, collaboration and business opportunities across the architecture, interior design and technology sectors.
April 28, 2026
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Money laundering attachment under PMLA targets family-linked assets in the Reliance Communications bank fraud probe.
Provisional attachment under the Prevention of Money Laundering Act was made in a bank fraud-linked money laundering investigation involving Reliance Communications and related entities. The Enforcement Directorate attached a Mumbai flat, a Khandala farmhouse, a land parcel and shares of Reliance Infrastructure Ltd through a group entity, stating that the action was intended to prevent dissipation of assets and protect the interests of banks and the public. The agency also referred to restitution of assets to the victims under the PMLA.
April 28, 2026
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Carbon border adjustment mechanisms and climate justice shaped discussions on balancing trade competitiveness with climate responsibility.
Carbon governance and climate justice were examined through an international symposium on trade competitiveness and climate responsibility, jointly organised by CTIL and CITIL at DNLU, Jabalpur. The discussions centred on the legal, ethical and economic dimensions of carbon pricing mechanisms, carbon border adjustment mechanisms and other climate-linked trade instruments, with emphasis on balancing climate action with trade competitiveness and on equitable climate outcomes in developing countries.
April 28, 2026
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Multilateral trade governance is being reshaped by geopolitical contestation, technological change, and economic imbalances, with the World Trade Organization's future role assessed in light of these pressures. The discussion examined the WTO's core functions of monitoring, negotiation, and dispute settlement, and noted that monitoring through committees and trade policy reviews remains active while negotiations face persistent difficulty. The dispute settlement system was described as impaired by the continued non-functionality of the Appellate Body, with interim arrangements providing only partial solutions.
April 28, 2026
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The Indian Institute of Corporate Affairs completed the first in-person assessment cycle of its Arbitrator Qualifying Assessment Program, a three-tier certification process designed to develop professionally trained, globally benchmarked arbitrators. The programme is part of a broader effort to strengthen India's arbitration ecosystem, improve the credibility and efficiency of arbitration as a dispute resolution mechanism, and build a pool of world-class arbitrators and mediators at global standards.
April 28, 2026
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Expected Credit Loss framework to raise bank provisioning as markets slip on crude price surge and foreign outflows.
Indian equity markets declined as surging crude oil prices, foreign institutional investor outflows and persistent geopolitical uncertainty weakened sentiment across benchmark indices and sectoral stocks. Banking, financial and auto shares led the fall, while energy, commodities, telecom, utilities, metal and oil and gas counters showed resilience in selective trading. The Reserve Bank of India has finalised implementation of the Expected Credit Loss framework from April 2027, replacing the incurred loss model with a forward-looking system for earlier recognition of credit risk and ongoing monitoring.
April 28, 2026
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Export approval for Class D HIV self-test highlights regulated private diagnostics and expansion into global healthcare markets.
Approval has been granted for the manufacture and export of a Class D in-vitro diagnostic HIV 1&2 self-test under the Medical Devices Rules, 2017. The product is designed for private use and uses rapid lateral flow immunoassay technology with a finger-prick blood sample to detect HIV-1 and HIV-2 antibodies without laboratory infrastructure. The approval is for export markets only and is not intended for domestic commercial distribution in India.

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Macron faces backlash after interrupting Africa summit panel in Kenya

May 13, 2026

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Dakar (Senegal), May 13 (AP) French President Emmanuel Macron is facing backlash after he interrupted a panel at the Africa Forward Summit in Kenya to demand silence from the audience.

Macron stormed the stage to rebuke audience members for what he called a “total lack of respect”, accusing them of disrupting speakers during a presentation by artists and young entrepreneurs. He had earlier described himself as a “Pan-Africanist” during a news conference.

The summit is meant to showcase France's new policy for the continent — a shift from a former colonial power seen as dominating to what Paris describes as a partnership of equals.

On Tuesday, Macron announced a USD 27 billion investment into various sectors in Africa, including energy, artificial intelligence and agriculture.

Videos of Macron's heated intervention on Monday quickly spread across social media, drawing a mix of mockery, praise and criticism.

Appearing visibly frustrated by the noise in the room, Macron abruptly walked onto the stage and asked the speaker to hand him the microphone, saying he would “restore order”.

Addressing the audience in English, he criticised attendees for talking over the speakers and creating disruptions during the session.

Some audience members applauded the intervention, but Macron also drew criticism over his response.

“Just imagine what would happen if an African leader did the same thing in America or Europe,” said Thierno Mbaye, a history student at a university in Senegal's capital, Dakar.

“He acted like a schoolteacher scolding children,” Mbaye told The Associated Press.

The intervention also drew criticism in France.

“It's stronger than him: as soon as he sets foot on the African continent, he can't help but behave like a coloniser,” Danièle Obono, a lawmaker for the hard-left party France Unbowed, said in a post on X.

Diplomatic and military setbacks in West Africa ============================ The Africa Forward Summit, which is set to close on Tuesday with a declaration that is expected to be signed by all 30 heads of state, comes amid a fallout between France and its former colonies, mostly in West Africa.

France has long maintained a colonial policy of economic, political and military sway dubbed Françafrique, which included keeping thousands of troops in the region it controlled.

After years of criticism from leaders and opposition parties in many West African countries over what they described as a demeaning and heavy-handed approach, France has withdrawn most of its troops from the region. It completed the withdrawal of troops from Senegal in July.

Macron had already faced a backlash ahead of the summit for claiming Sunday at news conference alongside Kenyan President William Ruto that “we are the true Pan-Africanists”.

“We believe that Africa is a continent, and that this continent has an enormous amount to build,” Macron said.

Pan-Africanism refers to an ideology seeking the unity of Africans and the elimination of colonialism. Given France's colonial history across the continent, the remark went viral on social media and drew swift backlash.

“Pan Africanism is not a brand, Mr. Macron, neither is it a diplomatic posture,” Farida Nabourema, a Togolese human rights activist, said in an open letter on Monday.

“It is a political philosophy that said no to everything France spent three centuries saying yes to: slavery, colonialism and neocolonialism,” she added.

Beverly Ochieng, a senior analyst at geopolitical risk consultancy Control Risks, said Macron is trying to distance France from its diplomatic and military setbacks in West Africa by turning to the east of the continent, signalling that its strategic priorities now follow where it finds goodwill.

She said Macron's remarks were raising questions about whether France's renewed engagement with Africa represented a genuine equal partnership or merely convenient rhetoric.

The French presidency and Foreign Ministry did not immediately respond to a request for comment.

Paris will be respectful of each African country's independence, Macron said on Tuesday, adding that “sovereignty and autonomy is shared, and your success is our success”.

Inauthentic or politically manipulated ====================== Alioune Tine, founder of the Afrikajom Center think tank, said Macron's remark might also be a subtle jab at Russia, which has replaced France as the main security partner in some West African countries.

“When Macron describes himself as the true' pan-Africanist, it is also a subtle response to the pro-Russian pan-Africanist voices online, which French officials tend to view as inauthentic or politically manipulated,” Tine said.

He said relations between Western powers and African states are inherently paternalistic and France is no exception, but that Macron has shifted policy away from the colonial legacy through a more informal diplomatic style aimed at rebuilding trust.

According to an Ipsos survey conducted on behalf of the French Foreign Ministry in nine African countries ahead of the summit, 74 pr cent of respondents said they have a positive image of France. Support was highest in English-speaking countries and among respondents under 35.

Macron, who is the first French president born after the colonial era, had pledged after his first election in 2017 that he would reset French relations with Africa. (AP) PY PY

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