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    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
    Rupee fell 14 paise to close 96.44 against US dollar
    SC to direct CBSE to implement Orissa HC verdict on APAAR consent forms across country
    APEDA Facilitates First Export of 24 MT Frozen French Fries from Uttarakhand to Iraq
    Fourth Edition of National Conference on Responsible Business Conduct (NCRBC) 2026 Concludes in New Delhi
    DRI seizes 15 kg methamphetamine, 4 kg pseudoephedrine, 85 lakh smuggled cigarettes, and 2 drone-dropped Pakistan-made pistols in nationwide operation...
    DRI intensifies crackdown on precious metals smuggling; seizes 15 kg smuggled gold, 20 kg silver and ₹2 crore cash in nationwide operations; 13 ...
    Union Minister of Commerce and Industry Shri Piyush Goyal concludes successful visit to Spain, Belgium, Finland and Estonia; strengthens India's econo...
    Trump wants Iran added to Russia sanctions bill
    HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1
    Indian-origin woman sentenced to 2 years jail over Covid business loan fraud in UK
    Onion growers welcome agri market near Vadhvan port, urge govt to develop Nashik as export hub
    Vizhinjam port to begin full EXIM operations from Aug 18
    Union Minister of Commerce and Industry Shri Piyush Goyal Engages with Leading Finnish Technology and Industrial Companies to Deepen India–Finland P...
    US oil firms sign deals with Iraq to develop alternative shipping routes
    HC transfers probe against ex-MLC Haji Iqbal from UP STF to SFIO
    Rupee rises 12 paise to close at 96.30 against US dollar
    MP industrial corporation, Amazon ink pact to accelerate e-commerce exports
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    Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: SC
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    July 20, 2026
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    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
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    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
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    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
    July 20, 2026
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    Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
    Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
    July 20, 2026
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    Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
    Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
    July 20, 2026
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    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
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    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
    Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
    July 18, 2026
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    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
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    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
    July 18, 2026
    Show AI Summary
    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
    July 18, 2026
    Show AI Summary
    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
    July 18, 2026
    Show AI Summary
    India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
    India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
    July 18, 2026
    Show AI Summary
    Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
    Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
    July 17, 2026
    Show AI Summary
    Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
    A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
    July 17, 2026
    Show AI Summary
    Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
    Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
    July 17, 2026
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    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
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    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
    Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
    July 17, 2026
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    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.

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      New LA-area fire prompts more evacuations while over 10,000 structures lost to 2 biggest blazes

      January 10, 2025

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      Los Angeles, Jan 10 (AP) The two biggest wildfires ravaging the Los Angeles area this week burned at least 10,000 homes, buildings and other structures, officials said Thursday as they urged more people to heed evacuation orders after a new blaze ignited and quickly grew.

      The fast-moving Kenneth Fire started in the late afternoon in the San Fernando Valley near the West Hills neighbourhood and close to Ventura County. Only hours earlier officials expressed encouragement after firefighters aided by calmer winds and help from crews from outside the state saw the first signs of successfully beating back the region's devastating wildfires that have killed seven people so far.

      “We are expecting this fire to rapidly spread due to high winds,” Los Angeles Mayor Karen Bass said, echoing the forecast that called for winds to strengthen Thursday evening through Friday morning.

      The orders came as Los Angeles County officials announced the Eaton Fire near Pasadena that started Tuesday night has burned more than 5,000 structures, a term that includes homes, apartment buildings, businesses, outbuildings and vehicles. To the west in Pacific Palisades, the largest of the fires burning in the LA area has destroyed over 5,300 structures.

      Between the Eaton and Palisades fires, more than 10,000 structures have burned.

      All of the large fires that have broken out this week in the Los Angeles area are located in a roughly 25-mile band north of downtown.

      The Kenneth blaze ignited less than 2 miles (3.2 kilometers) away from the El Camino Real Charter High School, where people are sheltering from the fire in Palisades. The two fires are about 10 miles (18 kilometers) apart.

      Dozens of blocks were flattened to smoldering rubble in scenic Pacific Palisades. Only the outlines of homes and their chimneys remained. In Malibu, blackened palm strands were all that was left above debris where oceanfront homes once stood.

      At least five churches, a synagogue, seven schools, two libraries, boutiques, bars, restaurants, banks and groceries were lost. So too were the Will Rogers' Western Ranch House and Topanga Ranch Motel, local landmarks dating to the 1920s. The government has not yet released figures on the cost of the damage or specifics about how many structures burned.

      AccuWeather, a private company that provides data on weather and its impact, on Thursday increased its estimate of the damage and economic loss to USD 135-USD 150 billion.

      Firefighters made significant gains Thursday at slowing the spread of the Eaton and Palisades fires, though both remained at 0% containment, officials said.

      Crews also knocked down a blaze in the Hollywood Hills, allowing an evacuation to be lifted Thursday. The fire that sparked up late Wednesday near the heart of the entertainment industry came perilously close to igniting the famed Hollywood Bowl outdoor concert venue.

      “While we are still facing significant threats, I am hopeful that the tide is turning,” Los Angeles County Supervisor Kathryn Barger said Thursday.

      Water dropped from aircraft helped fire crews quickly seize control of the fires in the Hollywood Hills and Studio City, officials said. Much of the widespread destruction occurred Tuesday after those aircraft were grounded due to high winds.

      Fire officials said Thursday that they don't yet know the cause of the fires but are actively investigating.

      Enormity of destruction emerges Earlier in the week, hurricane-force winds blew embers, igniting the Southern California hillsides.

      Right now, it's impossible to quantify the extent of the destruction other than “total devastation and loss,” said Barbara Bruderlin, head of the Malibu Pacific Palisades Chamber of Commerce.

      “There are areas where everything is gone, there isn't even a stick of wood left, it's just dirt,” Bruderlin said.

      Of the seven deaths so far, Los Angeles Fire Chief Kristin Crowley confirmed two were in the Palisades Fire. County officials said the Eaton Fire had killed five.

      Cadaver dogs and search crews are searching through rubble, Los Angeles County Sheriff Robert Luna said.

      Anthony Mitchell, a 67-year-old amputee, and his son, Justin, who had cerebral palsy, were waiting for an ambulance to come, but they did not make it out, Mitchell's daughter, Hajime White, told The Washington Post.

      Shari Shaw told KTLA that she tried to get her 66-year-old brother, Victor Shaw, to evacuate Tuesday night but he wanted to stay and fight the fire. Crews found his body with a garden hose in his hand.

      On Thursday, recovery crews pulled a body from rubble of what was a beachfront residence in Malibu on the scenic Pacific Coast Highway. A charred washer and dryer were among the few things that remained.

      Evacuations, school closures and arrests At least 180,000 people were under evacuation orders, and the fires have consumed about 45 square miles (117 square kilometers) — roughly the size of San Francisco. The Palisades Fire is already the most destructive in Los Angeles' history.

      All schools in the Los Angeles Unified School District, the nation's second largest, will be closed Friday because of the heavy smoke wafting over the city and ash raining down in parts, and classes will not resume until the conditions improve, officials said.

      At least 20 arrests have been made for looting, and the city of Santa Monica declared a curfew Wednesday night because of the lawlessness, officials said. Luna said to protect properties national guard troops would be stationed near the areas ravaged by fire and a curfew was expected to go into effect from 6 p.m. until 6 a.m., starting as soon as Thursday.

      Actors lost homes Flames destroyed the homes of several celebrities, including Billy Crystal, Mandy Moore and Paris Hilton.

      Jamie Lee Curtis pledged USD 1 million to start a “fund of support” for those affected by the fires that touched all economic levels from the city's wealthy to its working class.

      A longer fire season California's wildfire season is beginning earlier and ending later due to rising temperatures and decreased rainfall tied to climate change, according to recent data.

      Dry winds, including the notorious Santa Anas, have contributed to warmer-than-average temperatures in Southern California, which has not seen more than 0.1 inches (2.5 millimeters) of rain since early May.

      Picking up the pieces with nowhere to go Robert Lara sifted through the remains of his home in Altadena on Thursday with tears in his eyes, hoping to find a safe containing a set of earrings that once belonged to his great-great-grandmother.

      “All our memories, all our sentimental attachments, things that were gifted from generation to generation to generation are now gone,” he said. (AP) NSA NSA

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