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    DRI seizes 10,000 kg of firecrackers worth Rs. 3 crore at Nhava Sheva port
    CCI approves acquisition of certain additional equity share capital of IIFL Capital Services Ltd by FIH Mauritius Investments Ltd.
    CCI approves acquisition of Onesto Labs Private Limited by L’Oréal India Private Limited
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September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.
September 23, 2026
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Commercial vehicle after-sales support expands authorised repairs, genuine spares, roadside assistance, and uptime for remote high-altitude fleet operations.
Commercial vehicle after-sales support is expanded through a BharatBenz 3S facility operated by PPS Trucking for remote high-altitude fleet operations. The facility provides sales, authorised service, genuine spare parts, diagnostic systems, repair tools and round-the-clock roadside assistance. Trained technicians, service bays and regional spare-parts inventory are intended to reduce repair turnaround times and vehicle downtime. The support network serves commercial vehicles engaged in stone-crushing, road construction, communication-infrastructure transport and other heavy-duty operations in difficult terrain.
September 23, 2026
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Redeem-code eligibility limits govern BGMI's final Golden Miramar Pan reward drop through the official redemption portal.
BGMI's final redeem-code series offers limited-time Golden Miramar - Pan rewards through general redeem codes valid only until September 25 on the official redemption website. Redemption requires a Character ID, valid code, Captcha verification, and submission through the redeem centre. Each code is limited to 10 users on a first-come, first-served basis; users may redeem one code daily, and each code is usable once per account. Guest accounts are excluded, and in-game mail rewards must be claimed within 30 days.
September 23, 2026
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Aadhaar-based biometric attendance requires employee registration, integrates leave records, and triggers automated pay deductions for unauthorised absences.
Aadhaar Enabled Biometric Attendance System (AEBAS) is mandatory for regular and temporary government employees and integrates attendance and leave data with PRANALI. Monthly reports are verified to identify authorised leave and net absence. Remaining unauthorised absence may result in digitally issued extraordinary-leave or leave-without-pay orders, personnel-record updates, and automated salary deductions. Temporary employees' failure to record attendance is treated as leave without pay.
September 23, 2026
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Initial public offering by Swastika Infra combines a fresh issue and offer for sale, subject to approvals.
Swastika Infra Limited proposes an initial public offering comprising a fresh issue of equity shares and an offer for sale, with proposed listings on BSE Limited and National Stock Exchange of India Limited. The allocation framework covers qualified institutional buyers, anchor investors, non-institutional investors and retail individual investors. Net fresh-issue proceeds are intended for incremental working-capital requirements and general corporate purposes. Completion remains subject to statutory and regulatory requirements, approvals, market conditions and other considerations.
September 23, 2026
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Monetary policy tightening may follow resilient growth as inflation, conflict risks, and weather pressures reshape economic projections.
FY27 GDP growth projections were raised to a range of 6.9%-7.1% on stronger June-quarter activity, resilient demand, investment, consumption, exports, capital inflows and limited supply disruptions. Growth may moderate as energy costs reduce purchasing power, activity slows and weather risks persist. Policy-rate tightening is projected as an inflation response, with forecasts of a 25-basis-point increase and temporary rate rises to offset price pressures.
September 23, 2026
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Fisheries subsidy disciplines require transparent reporting, domestic monitoring, and coordinated implementation to address harmful subsidies and IUU fishing.
Fisheries subsidy disciplines target support linked to illegal, unreported and unregulated fishing, fishing of overfished stocks subject to rebuilding conditions, and fishing on the unregulated high seas. Members accepting the Agreement must implement and administer these disciplines and comply with notification and transparency obligations. Effective implementation depends on reliable fisheries data, monitoring and reporting systems, vessel registration, inter-agency coordination and technical capacity.
September 23, 2026
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Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
September 23, 2026
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Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
September 23, 2026
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Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.
September 23, 2026
Show AI Summary
Inflation-driven monetary tightening may accompany strong growth as demand, price increases and adverse supply conditions shape rate expectations.
Inflationary pressures, robust demand, price rises and adverse supply developments are expected to lead to policy-rate tightening by RBI. Fitch anticipates a 25-basis-point rate rise in October, further tightening in early 2027, followed by easing in 2028. Growth projections were upgraded following stronger-than-expected June-quarter activity, but activity is expected to moderate as the effects of GST rationalisation and income-tax cuts recede, manufacturing and services slow, and below-normal monsoon conditions affect activity.
September 23, 2026
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GDP growth forecast rises as domestic demand, investment, and public capital spending sustain economic resilience amid external risks.
India's GDP growth forecast for the current fiscal year is raised to 7 per cent, supported by investment demand, resilient consumption, manufacturing and services activity, lower-than-expected supply disruptions, and sustained capital inflows. Domestic demand, infrastructure expenditure, regulatory reforms, and improving private investment are expected to support growth. Inflation is projected to remain within the central bank's target range, subject to risks from geopolitical uncertainty, commodity prices, and weather-related disruption. Fiscal management is supported by public capital expenditure and robust direct-tax revenue.
September 23, 2026
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Primary and secondary investment funds ammunition manufacturing expansion, increasing small-caliber capacity and establishing medium-caliber production.
Hughes Precision Manufacturing Pvt. Ltd. completed a Rs. 250+ crore investment round through primary and secondary investments. The capital will expand small-caliber ammunition capacity from approximately 80 million to 220 million rounds and establish a dedicated medium-caliber ammunition manufacturing facility. The expansion broadens its product portfolio and is supported by an order book exceeding Rs. 1,000 crore, including domestic defence and export orders scheduled for execution over approximately two years.
September 23, 2026
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GDP growth outlook signals resilient expansion, but inflation, weaker rural demand, and supply pressures may prompt monetary tightening.
India's FY 2026-27 GDP growth forecast is raised to 6.9 per cent from 6.4 per cent, reflecting strong June-quarter growth and economic resilience. Economic momentum is projected to moderate as slower manufacturing and services expansion, below-normal monsoon rains, and rising inflation constrain demand. Strong demand, price increases and adverse supply conditions are expected to lead to monetary tightening.
September 23, 2026
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FEMA scrutiny of insolvency acquisitions examines fund flows and possible indirect control by potentially ineligible resolution participants.
FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company.
September 23, 2026
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Export facilitation reforms integrate local support, digital trade intelligence, and streamlined Free Trade Agreement procedures to improve market access.
Export facilitation reforms contemplate integrated Commerce and Industry offices and trained local personnel to provide exporters with common access points and district-level handholding support. The Trade Connect platform is envisaged to provide product-wise and HSN-code-wise tariff, Free Trade Agreement and procedural information, supported by digital and AI-enabled tools. Reforms also address electronic verification of Certificates of Origin, integration across the export cycle, digitalisation, simplified trade documentation, reduced compliance burden, and adherence to international quality standards.
September 23, 2026
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Monetary policy outlook: resilient growth and persistent inflation support a projected policy-rate increase amid weather and geopolitical risks.
India's FY27 growth outlook is revised upward to 7 per cent from 6.6 per cent, supported by industrial activity, consumption, goods exports and government investment. Consumer inflation is projected to average 5.1 per cent. Persistent inflationary pressures, solid growth, conflict in West Asia and weather-related risks are expected to support higher interest rates, while below-normal monsoon rainfall may affect agricultural output and food inflation.

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Trump gives Republican senators no set strategy as leaders struggle to craft his priorities

January 9, 2025

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Washington, Jan 9 (AP) President-elect Donald Trump likes the idea of “one, big beautiful bill" for his top legislative priorities, but he emerged from a lengthy closed-door meeting with Republican senators late Wednesday open to other strategies as GOP leaders strain to develop a plan before the party gains full power in Washington.

Trump said it “feels great” to be back inside the US Capitol for the first time since he left office four years ago, after the Jan 6, 2021, riot by his supporters. With his wife, Melania, he also paid tribute to the late President Jimmy Carter lying in state in the Rotunda ahead of funeral services Thursday.

With Trump taking the oath of office on Jan 20, Republicans have no time to waste.

“We're looking at the one bill versus two bills, and whatever it is, it doesn't matter," Trump said about the conflicting strategies as he arrived. "We're going to get the result.” More than 90 minutes later, after bantering with GOP senators on a wide range of topics, Trump exited with the same message: “One bill, two bills, doesn't matter.” Trump's return to Capitol Hill marked a changed era in Washington as he strode through the corridors where four years ago a mob of his supporters had laid siege to the U.S. Capitol as senators fled to safety in a failed attempt to salvage Trump's election defeat to President Joe Biden.

Inside the private meeting, Trump received applause and bursts of laughter from the Republican senators, staying late into the evening to confer with him behind closed doors. He took questions as the conversation roamed — from his designs on Canada, Greenland and the Panama Canal to the fires raging in California and even the North Dakota Bison game, senators said.

At stake are tax cuts, border security, money to deport immigrants and efforts to boost oil and gas energy production — priorities for Republicans coming to the White House, House and Senate.

He first met privately with Senate Majority Leader John Thune, R-S.D., and is also expected to huddle over the weekend with House GOP lawmakers at his private club Mar-a-Lago.

Thune said afterward the Republican senators and Trump want the same results. “It's an ongoing conversation,” he said.

Political capital is almost always at its peak at the start of a new presidential term, even more so because this is Trump's second and he is prevented under the Constitution from a third. Moving swiftly is all the more important because the GOP majorities are slim, particularly in the House, where House Speaker Mike Johnson can't afford to lose hardly any votes.

Johnson, who greeted Trump at the Capitol, has said he sees himself operating as the GOP quarterback with Trump as their coach calling plays. But Republicans are quickly finding themselves in a dilemma: What happens when the coach changes his mind? Trump has given Republicans on Capitol Hill mixed signals, flip-flopping over what is the best approach. Over the weekend, he said he wanted “one big, beautiful bill.” By Monday, he had reopened the door to two.

House Republicans want a single package. Senate GOP leaders are proposing at least two.

At one point during the meeting, Sen. John Hoeven, R-N.D. said he suggested, "Well, Mr. President, you love a horse race and then whatever works best is great.'” Hoeven said, “He prefers one big, beautiful bill but hey you know he wants to get all this done.” Budget reconciliation carries high risk, but potentially high reward Republicans are relying on perhaps the most complicated legislative tool at their disposal, the budget reconciliation process, as the vehicle to advance Trump's priorities.

It's a strategy with high risk, but also potentially high reward.

Reconciliation allows Congress to pass bills on a majority basis, without the threat of a filibuster in the Senate that could delay or kill action. But it is also a difficult, strict and time-consuming process that can fall apart at any moment.

Democrats used the same tool during the Obama era to approve the Affordable Care Act in 2010 without any Republican support. Republicans used it during Trump's first term to pass the 2017 Tax Cuts and Jobs Act without Democrats.

Using reconciliation is a herculean task. Doing it twice could prove doubly difficult.

Democrats are trying to stand their ground House Democratic Caucus Chairman Pete Aguilar of California said what's at stake is that Trump and the Republicans are proposing a tax giveaway to the wealthy and budget cuts that will cut social services and other programs that Americans rely on.

Republicans are “huddling behind closed doors” focused on “how they provide tax cuts to millionaires and billionaires and how they cut programs that hurt people,” he said.

Thune has said one could be approved within the first 30 days of the new administration with provisions for border security and mass deportations, energy development and military funds. The tax cuts would come later, in a second package.

Sen. Shelley Moore Capito of West Virginia, a member of GOP leadership who invited the president-elect to meet with senators, said she could go with one or two bills.

“But I still think the two-bill strategy is better simply because I think we can get a victory in early, which will show the American people and the president we mean business,” she said.

Trump plans meetings at Mar-a-Lago with House Republicans Johnson, R-La., revived his football metaphor Tuesday.

“We have very well-designed plays," he said. "Now we are working out the sequence of those plays, working with a new head coach, in that metaphor, President Trump.” Rep. Kevin Hern, R-Okla., among those House Republicans headed to Florida for this weekend's meetings, said he supports the House's one-bill approach.

“You're not going to get everything that you want,” he said. “So how do we put something together that everybody can get something?” Once back in Florida on Thursday, Trump is hosting Republican governors for dinner at Mar-a-Lago.

Nevada Gov. Joe Lombardo is one of the governors headed to South Florida, according to an official who spoke on condition of anonymity because the details were not public. Utah Gov. Spencer Cox is also expected to attend the dinner, according to a schedule released by the governor's office earlier this week.

During his first term, Trump was known for changing his mind, a habit that members of Congress became accustomed to as they navigated his presidency.

Trump ally Sen. Markwayne Mullin, R-Okla., said Trump just “wants all of it done.” (AP) NSA NSA

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