Merger approval: CCI okays combination transferring control of multiple investee companies to the acquirer under a scheme.
The Competition Commission of India approved the merger by Scheme of Amalgamation under Sections 230 and 232 of the Companies Act, by which the Target's shareholdings in several listed and unlisted investee companies will transfer to the Acquirer, causing the Acquirer group to acquire control over Padmavati Investment Private Limited, Pilani Investment and Industries Corporation Limited, Century Textiles and Industries Limited, Century Enka Limited, and Ganesh Tubes and Services Private Limited; approval followed modifications offered by the Acquirer.

Government securities auction: re issue offered by uniform and multiple price methods with non competitive allocation and specific bid windows.
Re issue auctions for four Government of India securities will be conducted on the scheduled date using price based methods (uniform price for three issues and multiple price for one). The Government may retain additional subscriptions up to a stated cap per security. Up to 5% of each notified amount is allocated under the Scheme for Non Competitive Bidding. Competitive and non competitive electronic bids must be submitted on the central banking system within prescribed windows; auction results and payment dates are scheduled separately. Securities will be eligible for when issued trading under central bank guidelines.

Corporate bond market reform to deepen liquidity, diversify investors and develop repo and credit derivative infrastructure.
The Reserve Bank and SEBI have implemented market microstructure reforms and facilitated institutional investor participation to expand corporate bond funding and financial stability benefits, yet development is constrained by limited secondary liquidity from fragmented, small issuances and a buy and hold institutional investor base, concentration in highly rated issuers, underdeveloped repo and credit derivative markets, and gaps in price transparency; priorities include strengthening repo/derivative infrastructure, widening the investor base, promoting public issuance and reissuance consolidation, improving valuation and transaction reporting, and developing domestic markets for ESG and capital bonds.

Overseas investment rules streamline approvals and shift many transactions to automatic route, enhancing ease of doing business.
The Foreign Exchange Management (Overseas Investment) Rules and Regulations, 2022, prepared in consultation with the Reserve Bank, subsume prior outward investment and immovable property abroad regulations, clarify Overseas Direct Investment and Overseas Portfolio Investment, and move various previously approval-route transactions to the automatic route to simplify compliance and enhance ease of doing business.

Government securities auction announced: re-issues, reserved non-competitive allocation and eligibility for when-issued trading.
The Government announced re-issues of four central government securities via auctions specifying auction methods (uniform price and multiple price), notified amounts, and an option to accept additional subscriptions against each security. Up to a reserved percentage of each notified amount will be allotted under the Non-Competitive Bidding Facility. Auctions will be conducted on the Reserve Bank's E-Kuber platform with prescribed submission windows for non-competitive and competitive bids; results and payment dates are fixed. The securities are eligible for When Issued trading under the central bank's guidelines.

Sovereign Gold Bond issue price set; online digital applicants receive a per-gram discount during subscription.
Sovereign Gold Bond 2022-23 (Series II) subscriptions are opened for a defined window with a published issue price per gram and a specified settlement date; investors applying online and paying through digital mode are eligible for a per-gram discount from the issue price, resulting in a reduced payable price for such applicants as set out in the issuance press communications.

Government securities auction: issuance via competitive and non competitive bids with E Kuber submission and allotment rules.
Announcement of auctions for four Government securities specifying that two re issues will be offered by price based uniform price auction, one new security by yield based uniform price auction, and one long dated security by price based multiple price auction; Government may retain additional subscription against each security; up to a capped portion of notified amounts is allotted under the Non Competitive Bidding Facility; bids must be submitted electronically via the RBI E Kuber system within prescribed windows; auction results, payment timeline and eligibility for When Issued trading are provided.

Government securities auction: re-issue conducted via uniform and multiple price methods with non competitive allocation and E Kuber bidding.
The Government announced re-issue auctions of four Government securities to be conducted by the central bank on a specified date: three via the uniform price method and one via the multiple price method, with an option to retain additional subscriptions. Up to five percent of each notified amount is reserved for eligible bidders under the Non-Competitive Bidding facility. Competitive and non-competitive bids must be submitted electronically on the central bank's E Kuber system within prescribed windows; auction results and the payment date are scheduled, and the securities are eligible for When Issued trading under the central bank's guidelines.

Deposit insurance expanded to protect most depositors and allow time bound interim payouts after regulatory restrictions on banks.
DICGC provides deposit insurance covering the aggregate unpaid balances of a depositor's accounts, including accrued interest, payable up to the statutory ceiling per depositor across all branches of an insured bank; the insurance limit was raised to Rs.5 lakh. The 2021 amendment (new Section 18A) requires DICGC to make time bound interim payments up to the insurance limit within ninety days when regulatory restrictions are imposed on a bank, improving depositor access and financial stability.

Repo rate increase tightens monetary stance to check inflation and support currency stability.
The policy raises the short-term lending rate by a further 50 basis points, with the Monetary Policy Committee deciding to withdraw the accommodative stance to check inflation while retaining retail inflation and GDP growth projections; the statement notes large portfolio outflows and rupee depreciation attributed mainly to a stronger US dollar, reliance on foreign exchange reserves and a sound financial sector as buffers, and activation of a mechanism for NRIs to use the Bharat Bill Payment System for family payments.

Monetary policy rate increase to tighten accommodation and rein in inflation while supporting economic growth.
The Monetary Policy Committee decided to raise the policy repo rate with corresponding adjustments to standing facility rates and to pursue withdrawal of accommodation to ensure inflation is brought within the medium term inflation target while supporting growth. The decision was taken in light of CPI inflation persisting above the tolerance band, elevated core inflation, resilient domestic demand, surplus liquidity conditions, and risks from global monetary tightening and commodity volatility. The resolution records the Committee's voting positions and signals further minutes and future meetings.

Acquisition approval: CCI clears transfer of control of IDFC Asset Management and its trustee to a consortium of investors.
The Competition Commission of India approved a combination under which Bandhan Financial Holdings, Lathe (GIC linked) and ChrysCapital entities will acquire 99.96% of IDFC Asset Management Company Limited and 100% of IDFC AMC Trustee Company Limited, effecting a change of control of the asset management, portfolio management and AIF investment management activities related to IDFC Mutual Fund; the parties' group relationships and roles are identified and a detailed CCI order will follow.

Government securities auction opens re-issue sales; competitive and non-competitive bids via e-Kuber with reserved allotment rules.
Re-issue auctions for four Central Government securities will be conducted with three offered under the uniform price method and one under the multiple price method; the Government may accept additional subscriptions against each security and up to five percent of each notified amount is reserved for eligible participants under the Non-Competitive Bidding Facility. Bids must be submitted electronically on the RBI E-Kuber system within specified time windows on the auction day, results are announced the same day, payment falls on the prescribed settlement date, and the securities qualify for "When Issued" trading per RBI guidelines.