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ED raids on I-PAC offices irk Mamata

Financial Express Chandigarh

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January 09, 2026

CENTRAL AGENCY SAYS IT’S PART OF AN ONGOING PROBE, CM CALLS IT A ‘PLOY’

- PRESS TRUST OF INDIA

THE ENFORCEMENT DIRECTORATE on Thursday carried out searches at the office of the political consultancy firm Indian Political Action Committee (I-PAC) and the residence of its Director Pratik Jain in Kolkata, triggering high drama, as West Bengal Chief Minister Mamata Banerjee unexpectedly storming into the sites during raids, alleging that the central agency was trying to seize the TMC’s sensitive data ahead of the high-stakes state elections.

In a strong rebuttal, the ED, which maintained that the searches were part of a money laundering probe into an alleged multi-crore rupee coal pilferage scam, accused Banerjee of obstructing a lawful investigation and claimed that she and the state police forcibly removed “key evidence” during the raids.

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China first to full self-driving: HERE CEO

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Reliance to invest...

ON INFRASTRUCTURE AND logistics, Karan Adani, managing director of Adani Ports & SEZ, said the Adani Group will invest %1.5 lakh crore in Gujarat’s Kutch region over

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Beyond the IIT shadow

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Digi Yatra to add 17 airports as adoption rises to 30%

TRAVELLING THROUGH INDIAN airports is set to get faster and less stressful for a large chunk of Indian flyers as Digi Yatra gears up to add its biometric-based travel system across 17 additional airports during the current financial year.

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January 12, 2026

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Modi pitches stability as firms commit to state

PRIME MINISTER NARENDRA Modi on Sunday said India is passing through a phase of unprecedented certainty and political stability at a time when the global economy is facing prolonged uncertainty, positioning the country as a dependable destination for long-term investment.

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'Uncertainty is the new normal'

India’s goldilocks situation can be sustained, with GDP growth expected to touch 7% in FY27, says Sonal Varma, managing director and chiefeconomist for India and Asia ex-Japan at Nomura.

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2 mins

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Countdown for Isro's PSLV-C62 launch begins

ISRO ON SUNDAY commenced a 22.5-hour countdown for the launch of a PSLV rocket that will place an earth observation satellite along with 14 other co-passenger satellites into orbit, marking the space agency’s first launch of the year.

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Pvt credit gains ground in realty

CREDIT SHIFT Structured debt from nonbank lenders fills gaps in land and construction financing

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The global order in 2026

SOME COUNTRIES WILL INCREASINGLY SEEK GREATER STRATEGIC AUTONOMY

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RBI advocates disclosure of NPA; banks approach CIC

FOUR MAJOR BANKS — Bank of Baroda, RBL Bank, Yes Bank and State Bank of India — have approached the CIC objecting to the disclosure of information such as the list of defaulters and NPA, penalties and inspection reports, even as the RBI termed the records “liable to be disclosed” under the RTI Act.

time to read

1 min

January 12, 2026

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