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    Assam Cabinet okays funds for land acquisition for Guwahati satellite city
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    August 11, 2026
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    Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
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    August 11, 2026
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    Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
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    August 11, 2026
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    GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
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    August 11, 2026
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    Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
    Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
    August 11, 2026
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    Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
    Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
    August 11, 2026
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    Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
    Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
    August 11, 2026
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    Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
    PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
    August 11, 2026
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    MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
    GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
    August 11, 2026
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    Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
    Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
    August 11, 2026
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    Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
    NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
    August 11, 2026
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    Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
    Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
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    Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
    Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
    August 11, 2026
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    Money laundering investigation in alleged liquor scam leads to arrest and proposed custodial-remand proceedings under anti-money-laundering law.
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    August 11, 2026
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    Money-laundering investigation into an alleged liquor scam leads to arrest and proposed custodial interrogation under the prevention law.
    Money-laundering investigation under the Prevention of Money Laundering Act concerns an alleged liquor scam in Chhattisgarh. A former state political party treasurer has been arrested for alleged involvement and is to be produced before a local court for a request for custodial interrogation. The alleged scheme is stated to have involved control of the state excise department by a criminal syndicate, with multiple accused named in six chargesheets.
    August 11, 2026
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    Immediate FIR registration for every missing person is mandatory, with missing children treated as suspected kidnapping or abduction cases.
    Immediate FIR registration is required whenever information is received that any person is missing, irrespective of age or gender, without preliminary inquiry. Missing-person FIRs must include relevant provisions concerning kidnapping and trafficking. A missing child must be treated from the outset as a suspected case of kidnapping or abduction. States and Union Territories may face contempt action for non-compliance. Traced children should ordinarily be restored to their families within 24 hours unless trafficking or exploitation by the family is suspected.
    August 11, 2026
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    Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
    Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
    August 11, 2026
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    Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
    Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
    August 10, 2026
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    GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
    Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
    August 10, 2026
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    Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
    Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
    August 10, 2026
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    Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
    Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.

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      Corp. Laws / SEBI / IBC

      Greaves Cotton Ltd. Showcases Innovative product and services to Build the complete Mobility Ecosystem at The Auto Expo 2025- The Motor Show

      January 18, 2025

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      • Greaves is building a complete mobility ecosystem, spanning vehicle ownership to life cycle services, to address the needs across the mobility value chain.

      • Greaves Electric Mobility showcased the line-up of its flagship Ampere Nexus, now available in more premium variants: the Race and Executive editions.

      • Greaves Electric Mobility also unveiled the concept of its first e-motorcycle, the 'Xyber', which boasts a certified range of up to 200 km per charge, with fast-charging capability.

      • The company introduced charging solutions, new two-wheeler/three-wheeler concepts, and retail aftermarket accessories.

      • Greaves Engineering demonstrated a variety of innovative and sustainable engine and powertrain solutions, including a trailblazing hydrogen-powered engine concept.

      NEW DELHI, Jan. 18, 2025/PRNewswire/ -- Greaves Cotton Limited, one of India's leading diversified engineering companies, showcased its comprehensive mobility solutions at the ongoing Auto Expo 2025 – The Motor Show, held at New Delhi's Bharat Mandapam today. The company unveiled its new, 'Made in India' product offerings across two-wheelers and three-wheelers, including concept vehicles, charging solutions, engines, powertrain systems, and retail aftermarket accessories.

      Building on its rich 165-year legacy of innovation in engineering solutions, the company is unfolding a new chapter in its transformational journey from a single-business, single-fuel organisation to a fuel-agnostic, multi-business enterprise. Its aim is to create a holistic and sustainable mobility ecosystem that empowers consumers, business partners, and service providers alike. In line with this vision, its showcase at the expo included: • Futuristic electric two- and three-wheelers: This includes the concept of its e-motorcycle, 'Xyber', and 'Xpress', a tailored solution for the quick commerce and delivery segment. Also featured was 'Xargo', a high-speed electric three-wheeler designed for multiple applications within the thriving e-commerce ecosystem.

      • Fast Charger: A wall-mounted fast-charging system designed for efficiency and ease of use.

      • Variants: Brand-new variants of its existing best-selling two-wheelers, Nexus and Magnus: • Nexus Exec: India's first ultra-luxury, high-performance family electric scooter, featuring an Executive Class variant with a 5 kW motor, a top speed of 93 km/h, a 3.5-hour charging time, and a 7" TFT touchscreen.

      • Nexus S Tourismo: India's first premium race-edition high-performance family electric scooter, equipped with a 5 kW motor, a top speed of 93 km/h, a 3.5-hour charging time, and a 7" TFT touchscreen.

      • Magnus Neo: The upgraded Magnus, renowned for its achievement of being driven from Bengaluru to Delhi, covering over 2,300 km for the expo and creating a national record. Competitively priced at ₹79,999, it features an LFP battery and a 5-year/75,000 km battery warranty.

      • Engines and Powertrains: Innovative solutions catering to the automotive sector, including a groundbreaking hydrogen-powered engine concept, a CNG engine, and a Euro V+ compliant engine for the European market.

      • Retail aftermarket accessories: This includes motors, rear axle assemblies, and a high-performance lithium-ion battery tailored to the specific requirements of data centres and banks.

      • Automotive components and motion control systems: The showcase also featured new and existing automotive components from Greaves, alongside advanced motion control systems from Excel Controlinkage Pvt. Ltd.

      Ever since its entry into the sustainable mobility sector, Greaves Cotton, through its electric mobility business, Greaves Electric Mobility, and its Ampere brand, has been redefining last-mile mobility in India with its vision of making "Har Gully Electric". To date, its vehicles have collectively travelled 3.8 billion electric kilometres, saving 1.5 lakh tonnes of CO2 emissions—an impact equivalent to planting 5.9 million trees.

      Commenting on the company's innovative solutions displayed at the expo, Nagesh Basavanhalli, Non-Executive, Vice Chairman, Greaves Cotton Limited said, "Greaves Cotton continues to leverage its engineering expertise to build a complete and agile mobility ecosystem that maximises synergies across its various businesses, in line with our objective to lead India's transition to a more sustainable and inclusive economy. The products showcased today blend technology, sophisticated engineering, and intelligent design applications across versatile segments, and are inspired by deep consumer insights. These innovations have been proudly conceptualised and created in India, with the aim of positively impacting a billion lives and empowering them through smart, sustainable, and accessible solutions.

      Our approach to diversification has been clear—get closer to the customer, embrace fuel-agnostic solutions, and democratise smart and sustainable mobility. Empowering lives lies at the heart of our purpose, and 2025 marks an exciting new chapter in our transformation from a single-fuel organisation to a diversified provider of future-ready, fuel-agnostic solutions designed to meet the needs of an evolving world." Segment 1 Greaves Electric Mobility showcased a spectrum of 2- and 3-wheeler concepts across diverse applications including • Ampere Xyber: Ampere's e-motorcycle concept is set to redefine urban mobility with a certified range of up to 200 km per charge, a top speed of approximately 100 km/h, and fast-charging capability. The motorcycle features a futuristic Arctic-Tern-inspired design with a 'space-age' themed cockpit.

      • Ampere Xpress: This electric two-wheeler concept, dubbed the 'multi-purpose workhorse', is designed to meet the unique demands of the quick-commerce segment. With a robust build capable of supporting a payload of up to 230 kg, its flexible design accommodates accessories for multiple use cases. It is equipped with safe LFP battery technology and comes with a 5-year/75,000 km battery warranty.

      • Greaves Xargo: A customisable, multi-application electric three-wheeler with a payload capacity of 300 kg, a 5 kWh LFP battery, and a range of over 100 km per charge. Stylishly and functionally designed, it incorporates innovative features and is IoT-enabled.

      It also unveiled new sport and business-class variants of its highly acclaimed Nexus and Magnus models, including the Nexus Exec, Nexus Tourismo, and the recently launched Magnus Neo, featuring enhanced power capacities. The Magnus Neo, showcased at the expo, was driven from Bengaluru to New Delhi, demonstrating its remarkable endurance. The scooter completed an impressive journey of over 2,300 km, proving its capabilities on the road even before arriving at the exhibition floor.

      Notably, the company also showcased the Ampere Charger, a convenient wall-mounted fast AC charging solution designed to cater to the charging needs of consumers on the move.

      Remarking on Greaves Electric Mobility's display at the expo, Mr K. Vijaya Kumar, Executive Director and CEO, Greaves Electric Mobility, said, "We are thrilled to unveil our concepts and offerings designed to cater to a diverse range of consumers and applications. This approach aligns with our goal to democratise sustainable mobility in India and empower people and livelihoods through our expertise in automotive technology, showcased through our leading brands, Ampere, Greaves 3 Wheelers, and more. By leveraging our 165-year-old Greaves legacy in engineering, we have sought to provide category-leading options that merge the best of aesthetics, functionality, and performance.

      As electric mobility gains greater adoption in India, we remain committed to delivering the best in electric two- and three-wheeler passenger and cargo mobility. Our solutions are not only viable but also superior alternatives to traditional ICE vehicles." Segment 2 Greaves Engineering, the flagship engineering solutions business of Greaves Cotton Limited, also showcased a wide range of fuel-agnostic mobility solutions at the expo, including the Hydrogen engine concept, CNG engine, Euro V+ engine, EV powertrain, engine components, and other motion control components from Excel Controlinkage.

      With technology as a key differentiator, the products are defined by design, engineering, materials chemistry, weight optimisation, and aesthetics, underscoring the company's commitment to the "Make in India" initiative.

      Greaves Engineering's focus on emerging technologies was also evident at the showcase, with notable demonstrations such as its pioneering G396 hydrogen-powered engine, developed as part of the company's alternate fuel strategy.

      Elaborating on these developments, Dr. Arup Basu, Managing Director, Greaves Cotton Ltd., said, "Staying true to our purpose of empowering prime-over solutions, we are proud to introduce our new alternate fuel engines, e-powertrains, and other advanced engineering solutions. By leveraging synergies across our diverse and time-tested capabilities, we aim to drive innovation and build a future-ready product portfolio.

      Our focus extends beyond product development to delivering value across the entire product lifecycle, ensuring efficiency and reliability at every stage. With a strategic emphasis on hydrogen energy and other clean technologies, we remain committed to shaping the future of mobility through sustainable and scalable solutions." About Greaves Cotton Limited: Greaves Cotton Limited (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a legacy of 165 years and strong brand trust. Originally renowned for its single-cylinder diesel engines, Greaves has transformed into a fuel-agnostic, end-to-end mobility solutions provider, driven by the purpose of "Empowering Lives". The Company is enabling a sustainable transition to green mobility and aims to touch a billion lives by 2030. Greaves is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.

      Through its five independent business units—Greaves Engineering, Greaves Electric Mobility Ltd., Greaves Retail, Greaves Finance Ltd., and Greaves Technologies Ltd.—Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. With significant investments in technology and human capital, the Company is positioned to lead in India's EV and sustainable mobility markets. The Company remains committed to sustainable growth and economic progress, making it a trusted partner in shaping the future of mobility in India.

      For more information, visit- www.greavescotton.com Disclaimer:- GREAVES ELECTRIC MOBILITY LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus dated December 23, 2024 ("DRHP") with SEBI and the Stock Exchanges. The DRHP is available on the website of SEBI at www.sebi.gov.in , on the websites of the Stock Exchanges, i.e., BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.greaveselectricmobility.com and on the websites of the BRLMs, i.e. Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) at www.iiflcap.com and JM Financial Limited at www.jmfl.com , respectively. Any potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus which may be filed with the Registrar of Companies, Tamil Nadu at Chennai in the future. Potential Bidders should not rely on the DRHP filed with SEBI and the Stock Exchanges in making any investment decision.

      This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) in private transactions exempt from the registration requirements of the U.S. Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S and the applicable laws of the jurisdiction where those offers and sales occur. There will be no public offering of the Equity Shares in the United States.

      Disclaimer: - "This press release may include statements of future expectations and other forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates ("Greaves"). These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Indian Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither Greaves, nor our directors, or any of our subsidiaries/associates assume any obligation to update any forward-looking statement contained in this release." Logo - Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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