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    PM Modi woos Swedish cos to invest in India, says 'reform express' going at full speed
    EPICs found strewn in Birbhum field; Aadhaar cards recovered from TMC office in Bidhannagar
    India, Netherlands elevate ties to strategic partnership; ink 17 pacts on defence, critical minerals, other sectors
    West Bengal rice industry seeks infra push, faster clearances from new BJP govt
    North America, NE Asia, Latin America account for over 35 pc of India's exports in FY26
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May 18, 2026
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Investment and industrial collaboration with Swedish and European companies advances India's reform-led growth, manufacturing and clean energy push.
India encouraged Swedish and European companies to deepen investment and industrial collaboration in manufacturing, clean energy, green hydrogen, telecom, digital infrastructure, electronics, deep tech, AI, mobility, healthcare, life sciences, semiconductors and advanced manufacturing. The engagement was linked to India's reform momentum, infrastructure growth, ease of doing business and young workforce. It also highlighted the India-EU Free Trade Agreement, connectivity initiatives and cooperation in resilient supply chains, skill partnerships, talent mobility, green transition and co-created technology solutions.
May 17, 2026
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Electoral identity documents and Aadhaar records recovered from two locations trigger police investigation and political allegations.
Electoral identity documents and personal identification records were recovered in two separate incidents in West Bengal, prompting police investigation and political allegations. In Birbhum, a large number of Electoral Photo Identity Cards were found scattered in a field near the residence of a former Booth Level Officer, who said the cards had been kept with other papers after being collected during distribution of new voter cards. In Bidhannagar, police recovered more than a hundred Aadhaar cards, along with PAN cards and land-related documents, from a local political party office and seized them for investigation.
May 17, 2026
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Strategic partnership expands India-Netherlands cooperation in defence, critical minerals, semiconductors and green hydrogen.
India and the Netherlands elevated their relationship to a strategic partnership and adopted a roadmap to expand cooperation across trade, investment, defence and security, critical and emerging technologies, green hydrogen, semiconductors, critical minerals, health, water, renewable energy, agriculture, culture and people-to-people ties. The two sides also agreed to explore a defence industrial roadmap involving joint manufacturing, technology transfer and joint ventures, and to strengthen links between the Dutch Semicon Competence Centre and the Indian Semiconductor Mission.
May 17, 2026
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Rice industry infrastructure and export promotion drive calls for faster clearances, better logistics and stronger branding.
West Bengal rice industry has sought better infrastructure, faster clearances and stronger export promotion to support mill operations, warehousing and investment. Stakeholders have also pressed for a single-window clearance system, better rail and port connectivity, and a dedicated development board to coordinate farmers, mill owners, exporters and government agencies. Mill owners further said free rice distribution affects viability, while branding premium rice varieties could expand market share.
May 17, 2026
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Export diversification drives India's merchandise trade as North America, Northeast Asia and Latin America lead broader market growth.
India's merchandise exports in 2025-26 showed a broader geographic spread, with North America, North-East Asia and Latin America together accounting for over 35 per cent of total exports. North America remained the largest destination, while North-East Asia recorded the fastest growth, and East Africa, North Africa and several smaller regions also posted steady gains, indicating a more diversified and resilient export pattern across Asia, Africa and Latin America. Export diversification also widened at the product level, with Indian exporters reaching 1,821 new principal commodities.
May 16, 2026
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Money laundering investigation under PMLA leads to summons for PSPCL officials and alleged associates in linked fraud probe.
Enforcement Directorate action under the Prevention of Money Laundering Act involved summons to senior PSPCL officials and two alleged associates of a Punjab minister arrested in a linked money-laundering case. The investigation concerned alleged routing of funds through shell companies, alleged purchase of benami properties, and examination of multiple individuals connected with the matter. The summons required the persons to appear in Delhi for questioning.
May 16, 2026
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Import curbs on silver tighten trade controls as import policy shifts from free to restricted with licensing requirements.
Import policy for silver, including silver plated with gold and platinum, was revised from free to restricted with immediate effect, requiring a government licence for imports. The change followed an increase in customs duty on precious metals and reflects tighter controls on silver imports and related precious metal trade.
May 16, 2026
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Cyber fraud through fake social media profiles allegedly targeted victims with gift and customs duty extortion.
Cyber fraud through fake social media profiles involved allegedly impersonating foreign nationals to befriend victims and induce payments on the pretext of expensive gifts and foreign currency. The operation allegedly escalated into posing as customs or income tax officials and demanding money toward customs duty, income tax, GST and related fees after claiming that parcels had been detained at airports. Mobile phones and SIM cards were seized, and a case was registered under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act.
May 16, 2026
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Inflation and affordability pressures dominate as tariffs, supply shocks, and rising borrowing costs strain US households.
Rising consumer inflation in the United States is reducing purchasing power as prices outpace wages and are expected to increase further under supply-side pressures, including tariffs, labor constraints, and oil disruptions. The article links higher inflation to increased borrowing costs and notes that trade and foreign-policy claims have produced little concrete relief for domestic affordability concerns. Political debate is focused on whether there is a credible plan to lower costs and address inflation.
May 16, 2026
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Insolvency resolution-driven land acquisition expands real estate portfolio through approved NCLT process and planned development
Acquisition of Township Developers India Pvt. Ltd. through the National Company Law Tribunal resolution process under the Insolvency and Bankruptcy Code, with Aspect Global Ventures emerging as the successful resolution applicant under the approved resolution plan and taking control of the assets for further development activity. The acquired assets include substantial land parcels in Maharashtra, intended for phased development subject to regulatory approvals.
May 16, 2026
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GST and VAT fraud through dummy firms and fund layering led to arrests and custodial interrogation.
Two persons, including a chartered accountant, were arrested in connection with alleged GST and VAT irregularities involving misuse of business credentials, dummy firms and layering of funds through multiple bank accounts. The complaint alleged unauthorised use of firm credentials for suspicious transactions, while investigators found cash withdrawals and electronic transfers without genuine business activity. The probe also pointed to dummy firms, filed GST compliances and rapid fund transfers to conceal beneficiaries and obscure the financial trail.
May 16, 2026
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GST fraud through shell companies and fake invoicing networks allegedly enabled bogus input tax credit claims and concealed fund routing.
Alleged GST fraud and fake invoicing activity involved shell companies, forged documents and fabricated business identities used to generate bogus GST invoices and claim wrongful Input Tax Credit without actual supply of goods or services. The enquiry also concerns accommodation entries, fake returns and concealed fund movements routed through bank accounts and intermediaries, with investigators identifying a syndicate said to have created numerous shell companies using fraudulently obtained documents.
May 16, 2026
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Unregulated deposit schemes and suspected investment fraud trigger action against a private investment firm owner.
Suspected investment fraud and unregulated deposit activity led to action against a private investment firm owner after district and police authorities found prima facie indications that funds had been collected from a large number of investors without valid approval from the RBI or SEBI. A case was registered under the Karnataka Protection of Interest of Depositors in Financial Establishments Act and the Banning of Unregulated Deposit Schemes Act, and the owner was taken into custody for further investigation. Officials also searched the firm's premises, examined records and laptops, and reported alleged collection of unsecured hand loans through informal agreements.
May 16, 2026
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Knowledge contribution framework seeks stakeholder input on measuring knowledge products, traditional knowledge, and economic value.
A framework is being developed to measure the contribution of knowledge and knowledge products to the Indian economy, with expert consultation, a technical advisory group, and a base paper prepared for stakeholder review. The paper covers conceptual issues, available methodologies and metrics, traditional knowledge, and an initial framework for valuing knowledge contribution. A committee has been constituted to prepare an actionable policy paper, and comments from stakeholders and the public are invited.
May 16, 2026
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Supply and Use Tables strengthen national accounts consistency through product-level reconciliation of production, income and expenditure estimates.
The Supply and Use Tables for 2022-23 and 2023-24 integrate annual national accounts with a product-by-industry framework to reconcile production, income and expenditure estimates at current prices. The tables distinguish domestic production, imports, taxes, margins and product uses, including intermediate consumption and final demand, and use product balancing to satisfy the identity between total supply and total use. The compilation covers 155 products and 67 industries and relies on survey and administrative data sources to improve consistency, granularity and comparability.
May 15, 2026
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Windfall tax on petrol exports and lower levies on diesel and ATF reshape petroleum export duties.
Windfall gains tax was imposed on petrol exports, while the levy on diesel exports and aviation turbine fuel exports was reduced, effective 16 May. Road and infrastructure cess was made nil on exports of petrol and diesel, and the existing duty rates on petrol and diesel cleared for domestic consumption remained unchanged. The export-duty revisions were stated to increase domestic availability of petroleum products and discourage exporters from taking undue advantage of price differentials.
May 15, 2026
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Fuel price hike protests intensify as opposition demands rollback and calls for petrol and diesel under GST.
Opposition parties in Odisha demanded an immediate rollback of the fuel price hike and protested the increase in petrol and diesel prices, alleging inconsistency in the ruling party's position on bringing petrol and diesel under the GST regime. The criticism also targeted the call to withdraw VAT, claims about oil company profits, and the broader burden of rising fuel costs, including commercial LPG and CNG prices.
May 15, 2026
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Foreign investment approval for Emirates NBD's majority stake in RBL Bank advances a banking acquisition subject to regulatory conditions.
Foreign investment approval was granted for Emirates NBD Bank to acquire up to 74 per cent of the paid-up equity share capital of RBL Bank through a preferential issue, subject to customary conditions, applicable foreign ownership limits and the mandatory open offer process. The transaction contemplates Emirates NBD becoming the promoter and RBL Bank operating as a foreign bank subsidiary under the Reserve Bank of India framework, with the eventual amalgamation of Emirates NBD's India branch operations subject to further regulatory clearances.
May 15, 2026
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Rupee depreciation under pressure from crude prices, inflation worries and dollar strength, with intervention offering support.
The Indian rupee weakened to a record intraday low and an all-time closing low against the US dollar amid elevated crude oil prices, inflation concerns, global uncertainty, a stronger dollar, and weak net FDI inflows. Likely RBI intervention helped limit further losses, while analysts said the rupee was expected to remain under pressure from crude oil, inflation, and dollar strength, with support possible from intervention and higher import duty on gold and silver.
May 15, 2026
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Energy security and defence cooperation deepen as India-UAE sign strategic pacts and expand trade and technology ties.
India and the UAE concluded agreements on strategic petroleum reserves, long-term LPG supply, defence industrial collaboration, shipping, trade facilitation and advanced technology, alongside a USD 5 billion UAE investment commitment in India. The energy arrangements aim to strengthen energy security and stable fuel supplies, while the defence framework covers technology sharing, innovation, training, exercises, maritime security, cyber defence, secure communications and possible joint development of military hardware.

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FIMER Announces Strategic Partnership With Redington Solar To Strengthen Pan India Distributor Network

May 20, 2026

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Bengaluru, Karnataka, India – Business Wire India In a landmark move set to reshape solar inverter distribution across the Country, FIMER India Private Limited and Redington Solar - subsidiary of Redington Limited, have signed a formal Pan-India Distributorship Agreement for FIMER's string inverter portfolio. The agreement positions Redington Solar as the new distribution partner for FIMER string inverters, leveraging Redington's nationwide reach to bring FIMER's cutting-edge technology closer to C&I customers, solar developers, EPCs, and rooftop installers all over the country. Through this partnership, Redington and FIMER will drive the adoption of residential 3KW and 5KW inverter solutions under the PM Surya Ghar initiative, as well as the other commercial range of inverters from FIMER. The collaboration strengthens market reach while enabling EPC and installer partners with a single-point distribution support for product availability, competitive pricing, credit assistance, and seamless logistics. The agreement was formally signed at RenewX Chennai on 27 April 2026, bringing together senior leadership from both organisations. The signing was concluded in the presence of Muthukumaran S, Senior Sales Manager, and Upasana Boruah, Senior Manager – Marketing & Corporate Communications, from FIMER, along with Nimit Parmar, Global Vendor Alliance Manager, ESG Division, and Dinesh Babu V, Head of Business, Redington Solar from Redington. Upasana Boruah, Senior Manager – Marketing & Corporate Communications, FIMER, said: “Our partnership with Redington Solar is a decisive step in ensuring that FIMER string inverters are accessible to every solar developer, EPC, and installer across the country. We are proud to combine our product excellence with Redington's extraordinary market reach to serve India's energy transition at scale." “Redington Solar has always been committed to unlocking impact while keeping sustainability at the core of its vision. This partnership marks a significant step toward making clean solar energy technologies more accessible and accelerating solar adoption across the country. Aligned with India’s renewable energy ambitions, our collaboration with FIMER will strengthen the adoption of its innovative string inverters, driving greater residential and commercial rooftop solar installations. Backed by Redington’s strong market presence and robust distribution network, we are well positioned to scale solar solutions nationwide,” - said Dinesh Babu V, Head of Business, Redington Solar. “At Redington Solar, sustainability is not just a business priority, but a long-term commitment toward enabling a cleaner energy future. Our partnership with FIMER reflects a shared vision of accelerating India’s transition to renewable energy by making advanced solar technologies more accessible across markets. By combining FIMER’s innovative inverter solutions with Redington’s extensive distribution ecosystem, we aim to support scalable, efficient, and sustainable solar adoption aligned with India’s growing clean energy ambitions,”- said Nimit Parmar, Global Vendor Alliance Manager, ESG Division, Redington. This partnership reinforces FIMER's strategic intent to deepen its footprint in India's rapidly growing solar sector through robust channel development and localized market support. With Redington Solar's pan-India infrastructure spanning thousands of channel partners, resellers, and service touchpoints, FIMER's string inverters will be supported end-to-end, from pre-sales advisory to commissioning assistance and after-sales service. The agreement also reinforces FIMER's commitment to Make-in-India aligned supply chains and the broader national goal of indigenous clean energy capacity building. About FIMER FIMER is a brand owned by MA Solar Italy and a leading manufacturer of renewable energy solutions. The Company, specializing in the production of solar inverters, offers a wide range of solutions designed for any application. With local training centers, 2 production sites, one in Italy and one in India, FIMER is close to its customers in the evolving dynamics of the energy sector. For further information, visit www.fimer.com and follow on their social channels: LinkedIn: https://www.linkedin.com/company/fimer-ma-solar/ Facebook: https://www.facebook.com/FIMERmasolar YouTube: https://www.youtube.com/user/FimerSpa X: https://x.com/FIMER_MA_Solar Instagram: https://www.instagram.com/fimer_solar/ TikTok: https://www.tiktok.com/@fimer.ma.solar About Redington Limited Redington Limited (NSE: REDINGTON; BSE: 532805), is a Fortune India 500 company, a leading technology service provider and technology ecosystem orchestrator, helping businesses Unlock Next™ in their digital transformation journey. With presence in over 40 markets, 450+ brand associations, and 75,000+ channel partners, Redington offers end-to-end solutions, from distribution to implementation for IT/ITeS, Telecom, Lifestyle, 3D printing and digital printing, and solar products. Through its focus on innovation and partnerships, Redington remains a trusted global distributor of products, services, and solutions across India, the Middle East, Africa, Turkey, South Asia, and South-East Asia. For more information, visit: https://redingtongroup.com To View the Image, Click on the Link Below: FIMER and Redington Solar sign strategic Pan-India distribution agreement for String inverters (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 PWR

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