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    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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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
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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.
September 23, 2026
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Trade partnership frameworks seek diversified market access through proposed economic agreements, investment cooperation, stronger business linkages, and improved connectivity.
Trade and market-access cooperation is to be advanced through a proposed Comprehensive Economic Partnership Agreement with Chile, a proposed Free Trade Agreement with Peru, and expansion of the Preferential Trade Agreement with MERCOSUR. The frameworks seek mutually beneficial outcomes while respecting respective sensitivities and priorities. Diversified trade, investment and business partnerships are envisaged through stronger business-to-business linkages, improved connectivity and more predictable market access.

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Gaza ceasefire goes into effect on Sunday. Israel says details in flux, Qatari PM

January 16, 2025

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Doha, Jan 15 (AP) Qatar's prime minister on Wednesday announced a ceasefire agreement between Israel and Hamas that will pause the devastating 15-month war in Gaza and clear the way for dozens of Israeli hostages to go home.

Sheikh Mohammed bin Abdulrahman Al Thani announced the agreement in the Qatari capital of Doha, the site of weeks of painstaking negotiations. He said the deal would go into effect on Sunday.

Israel and Hamas agreed to a ceasefire deal to pause the devastating war in the Gaza Strip, multiple officials announced on Wednesday, raising the possibility of winding down the deadliest and most destructive fighting between the bitter enemies.

The deal, coming after weeks of painstaking negotiations in the Qatari capital, promises the release of dozens of hostages held by Hamas in phases, the release of hundreds of Palestinian prisoners in Israel and would allow hundreds of thousands of people displaced in Gaza to return to what remains of their homes.

It also would flood badly needed humanitarian aid into a territory ravaged by 15 months of war.

Three officials from the US and one from Hamas confirmed that a deal had been reached, while the office of Israeli Prime Minister Benjamin Netanyahu said final details were still being ironed out.

All three US officials and the Hamas official requested anonymity to discuss the contours of the deal before the official announcement by mediators in Doha.

Netanyahu's office said in a statement that it hoped “details will be finalised tonight".

An Israeli official familiar with the talks said those details centre on confirming the list of Palestinian prisoners, currently serving lengthy sentences for deadly attacks on Israelis, who are to be freed as part of the deal. Any agreement must be approved by Netanyahu's Cabinet.

Once official, the deal is expected to deliver an initial six-week halt to fighting that is to be accompanied by the opening of negotiations on ending the war altogether.

Over six weeks, 33 of the nearly 100 hostages are to be reunited with their loved ones after months in in captivity with no contact with the outside world, though it's unclear if all are alive.

It remained unclear exactly when and how many displaced Palestinians would be able to return to what remains of their homes and whether the agreement would lead to a complete end to the war and the full withdrawal of Israeli troops from Gaza — key Hamas demands for releasing the remaining captives.

Many longer-term questions about postwar Gaza remain, including who will rule the territory or oversee the daunting task of reconstruction after a brutal conflict that has destabilised the broader Middle East and sparked worldwide protests.

Hamas triggered the war with its October 7, 2023, cross-border attack, which killed some 1,200 Israelis and took 250 others hostage. Israel responded with a fierce offensive that has killed over 46,000 Palestinians, according to local health officials, displaced an estimated 90 per cent of Gaza's population and sparked a humanitarian crisis.

More than 100 hostages were freed from Gaza in a week-long truce in November 2023.

The US, along with Egypt and Qatar, have brokered months of indirect talks between the bitter enemies that finally culminated in this latest deal. It comes after Israel and the Lebanese militant group Hezbollah agreed to a ceasefire in November, after more than a year of conflict linked to the war in the Gaza.

Israel responded with a brutal air and ground offensive that has killed over 46,000 Palestinians, according to local health officials. They do not distinguish between civilians and militants but say women and children make up more than half of those killed.

UN and international relief organisations estimate that some 90 per cent of Gaza's 2.3 million people have been displaced, often multiple times. They say tens of thousands of homes have been destroyed and hospitals are barely functioning.

Experts have warned that famine may be underway in northern Gaza, where Israel launched a major offensive in early October, displacing tens of thousands of residents.

“The best day in my life and the life of the Gaza people,” Abed Radwan, a Palestinian father of three, said of the ceasefire deal. “Thank God. Thank God.” Radwan, who has been displaced from the town of Beit Lahiya for over a year and shelters in Gaza City, said he hopes to return and to rebuild his home. As he spoke to AP by phone, his voice was overshadowed by the celebrations of fellow Gazans.

“People are crying here. They don't believe it's true," he said.

In Israel, hundreds of demonstrators gathered outside Israel's military headquarters in Tel Aviv, calling for a deal to be completed. Many held posters of hostages held by Hamas, others hoisted candles in the air.

As the deal was announced, some people were unaware that it had gone through. Sharone Lifschitz, whose father Oded is being held in Gaza, told the AP by phone she was stunned and grateful but won't believe it until she sees all the hostages come home.

“I'm so desperate to see them if by some miracle my father has survived,” she said.

US President Joe Biden, who has provided crucial military aid to Israel but expressed exasperation over civilian deaths, announced the outline of the three-phase ceasefire agreement on May 31. The agreement eventually agreed to followed that framework.

He said the first phase would last for six weeks and include a “full and complete ceasefire”, a withdrawal of Israeli forces from densely populated areas of Gaza and the release of a number of hostages, including women, older adults and wounded people, in exchange for the release of hundreds of Palestinian prisoners.

Humanitarian assistance would surge, with hundreds of trucks entering Gaza each day.

The second and most difficult phase would include the release of all remaining living hostages, including male soldiers, and Israeli forces would withdraw from Gaza.

The third phase calls for the start of a major reconstruction of Gaza, which faces decades of rebuilding from devastation caused by the war.

Hamas had been demanding assurances for a permanent end to the war and complete withdrawal of all Israeli forces from Gaza. Israel, meanwhile, has repeatedly said it would not halt the war until it destroys Hamas' military and governing capabilities.

The various players have conducted months of on-again, off-again negotiations. But with Biden's days in office numbered and President-elect Donald Trump set to take over, both sides had been under heavy pressure to agree to a deal.

Trump celebrated the soon-to-be-announced agreement in a posting on his Truth Social social media platform: “WE HAVE A DEAL FOR THE HOSTAGES IN THE MIDDLE EAST. THEY WILL BE RELEASED SHORTLY. THANK YOU!” Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, said Biden deserves praise for continuing to push the talks. But Trump's threats to Hamas and his efforts to “cajole” Netanyahu deserve credit as well.

“The ironic reality is that at a time of heightened partisanship even over foreign policy, the deal represents how much more powerful and influential US foreign policy can be when it's bipartisan,” Panikoff said.

Hezbollah's acceptance of a ceasefire in Lebanon after it had suffered heavy blows, and the overthrow of President Bashar Assad in Syria, were both major setbacks for Iran and its allies across the region, including Hamas, which was left increasingly isolated.

Israel has come under heavy international criticism, including from its closest ally, the United States, over the civilian toll. Israel says it has killed around 17,000 militants — though it has not provided evidence to support the claim.

It also blames Hamas for the civilian casualties, accusing the group of using schools, hospitals and residential areas for military purposes.

The International Court of Justice is investigating allegations brought by South Africa that Israel has committed genocide. The International Criminal Court, a separate body also based in The Hague, has issued arrest warrants for Prime Minister Benjamin Netanyahu, his defence minister and a Hamas commander for war crimes and crimes against humanity linked to the war.

Israel and the United States have condemned the actions taken by both courts.

Netanyahu also faced great domestic pressure to bring home the hostages, whose plight has captured the nation's attention. Their families have become a powerful lobbying group with wide public support backed by months of mass protests urging the government to reach a deal with Hamas.

Israeli authorities have already concluded that more than a third of the roughly 100 remaining people held captive are dead, and there are fears that others are no longer alive. A series of videos released by Hamas showing surviving hostages in distress, combined with news that a growing number of abducted Israelis have died, put added pressure on the Israeli leader.

Hamas, a militant group that does not accept Israel's existence, has come under overwhelming pressure from Israeli military operations, including the invasion of Gaza's largest cities and towns and the takeover of the border between Gaza and Egypt.

Its top leaders, including Yahya Sinwar, who was believed to have helped mastermind the October 7, 2023, attack, have been killed.

But its fighters have regrouped in some of the hardest-hit areas after the withdrawal of Israeli forces, raising the prospect of a prolonged insurgency if the war continues.

Netanyahu has vowed to continue the war until Hamas's military and governing capabilities are destroyed. But it has never been clear what that would entail or if it's even possible, given the group's deep roots in Palestinian society, its presence in Lebanon and the occupied West Bank, and its exiled leadership.

If the ceasefire takes hold, both sides face many difficult and unanswered questions.

As the war winds down, Netanyahu will face growing calls for postwar investigations that could find him at least partially responsible for the security failures of October 7 — the worst in Israel's history. His far-right governing partners, who opposed a ceasefire deal, could also bring down the coalition and push the country into early elections.

There is still no plan for who will govern Gaza after the war. Israel has said it will work with local Palestinians not affiliated with Hamas or the Western-backed Palestinian Authority. But it is unclear if such partners exist, and Hamas has threatened anyone who cooperates with Israeli forces.

The United States has tried to advance sweeping postwar plans for a reformed Palestinian Authority to govern Gaza with Arab and international assistance. As part of those plans, the US hope Saudi Arabia would normalize relations with Israel in return for US security guarantees and aid in setting up a civilian nuclear programme.

But those plans depend on credible progress toward the creation of a Palestinian state, something Netanyahu and much of Israel's political class oppose. Netanyahu has said Israel will maintain open-ended security control over Gaza as well as the occupied West Bank, territories captured by Israel in the 1967 war that the Palestinians want for their future state.

In the absence of a postwar arrangement with Palestinian support, Hamas is likely to remain a significant force in Gaza and could reconstitute its military capabilities if Israeli forces fully withdraw. (AP) PY PY

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