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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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Indians abroad celebrate 76th Republic Day; greetings pour in from leaders across world

January 26, 2025

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Beijing/Male, Jan 26 (PTI) Leaders from various countries wished India on its 76th Republic Day on Sunday, expressing hopes to strengthen bilateral relations, while the Indian diaspora, adorned in colourful traditional attire, celebrated the occasion with enthusiasm at Indian missions abroad, where the national tri-colour was unfurled.

Extending his heartfelt greetings and best wishes to President Droupadi Murmu and Prime Minister Narendra Modi, Maldives President Dr Mohamed Muizzu in a post on X said his country will always cherish the strong bonds of friendship and cooperation it shares with India, which is built on mutual trust, respect, and understanding that have "withstood the test of time".

"I am committed to strengthening our strategic partnership to address common challenges and work for the mutual benefit of people of both our neighbourly nations," he said.

In his congratulatory message, Nepal Prime Minister KP Sharma Oli in a post on X said may the ideals of democracy and national unity flourish evermore, "fostering deeper ties of friendship between our two nations".

Nepal's Foreign Minister Arzu Rna Deuba also extended her best wishes to the people and Government of India for continued progress, prosperity, and advancement.

Bhutanese Prime Minister Tshering Tobgay said, "May the spirit of unity and the vision that shaped your republic continue to drive remarkable achievements and inspire the world." In their respective letters to the Indian leaders, Singapore President Tharman Shanmugaratnam and Prime Minister Lawrence Wong hailed the close relationship that Singapore and India shared, with both looking forward to deepening the partnership between the two countries.

Australian Foreign Affairs Minister Penny Wong said Australia will continue to work with India to pursue a peaceful and stable region, where sovereignty is respected.

Nepal's former prime minister and Nepali Congress President Sher Bahadur Deuba in his congratulatory post on X said Nepal and India share a time-honoured bond of friendship, rooted in shared history and values.

Maldives former president Ibrahim Mohamed Solih said, "It is my firm belief that India’s adherence to the values of democracy and constitutionalism continue to be an inspiration and guiding example for young democracies such as the Maldives." Earlier in the day, the US extended its greetings to India, emphasising the importance of the India-US relationship.

US Secretary of State Marco Rubio said, "On behalf of the United States of America, I congratulate the people of India as they celebrate their nation's Republic Day...The enduring friendship between our two peoples is the bedrock of our cooperation and propels us forward as we realise the tremendous potential of our economic relationship." "We look forward to deepening our cooperation in the year ahead, including by advancing our joint efforts in space research and coordination within the Quad to promote a free, open, and prosperous Indo-Pacific region," he said.

Meanwhile, in Beijing, officials and diaspora members attended the flag unfurling ceremony on the premises of the Indian Embassy.

India's Ambassador to China Pradeep Rawat read out the important parts of the President's speech.

"Ambassador unfurled tri-colour at @EOIBeijing marking the #76thRepublicDay. He also read the Hon'ble President's Republic Day message to Embassy officials and members of the Indian community who attended the ceremony in large numbers. The event also included vibrant cultural performances," the Indian Embassy in China said in a post on X along with some pictures.

In Sri Lanka, the island nations' Navy band performed Indian patriotic tunes in a demonstration of the cultural closeness between the two countries.

"Celebrating #RepublicDay2025. Acting HC @DrSatyanjal unfurled the #Tiranga at India House this morning. Members of the Indian diaspora in Sri Lanka joined the festivities with their patriotic fervour and resolve to realise #ViksitBharat," the High Commission of India in Colombo said in a post on X.

Acting High Commissioner Satyanjal Pandey and other officials also paid tributes at the IPKF Memorial, honouring Indian soldiers who made the supreme sacrifice for peace and unity in Sri Lanka.

In Singapore, High Commissioner Shilpak Ambule was joined by an estimated 2,500 Indians living in Singapore to celebrate the 76th Republic Day at the chancery.

Ambule read the President's message to the country, which updated the Indian diaspora on the country’s progress.

Students from Indian schools in the city-state sang patriotic songs and performed traditional dances. An exhibition showcased products by the Tribal Cooperative Marketing Development Federation of India Ltd and the 75th anniversary of the adoption of the constitution of India as well as the State Bank of India.

In Israel, Charge de Affaires, Rajiv Bodwade, unfurled the Indian flag in presence of about two hundred Indians who gathered from across the country to celebrate the Republic Day.

He read out the President’s address to the nation, and then touched upon regional and bilateral issues in his address to the gathering.

“We welcome the long awaited hostage and ceasefire deal that brings respite to the hostages and their families. This we believe is the harbinger of a year full of hope and peace," Bodwade said.

“We do hope of a sustained flow of humanitarian aid to Gaza”, he said emphasising “early and peaceful resolution of the conflict, including release of all hostages, through dialogue and diplomacy”.

The Charge de Affaires also mentioned the arrival of more than 13,000 Indians to Israel to join the construction sector, around half of whom came through India-Israel Framework signed in November 2023.

He also appreciated the role of the Indian diaspora and the Indian Jewish community in strengthening bilateral ties, calling them a “powerful link”.

In Japan, Ambassador Sibi George unfurled the Indian national flag at the ceremony.

In the Philippines, Ambassador Harsh K Jain unfurled the national flag at the India House and read out the address given by President Droupadi Murmu.

There were also cultural programmes and the awarding of certificates to the top performers in the Bharat Ko Janiye (BKJ) Quiz. Around 300 people from the Indian diaspora and friends of India attended the function.

In Indonesia, Republic Day was celebrated with patriotic fervour by the Indian community & friends of India.

Deputy Chief of Mission Indonesia Bijay Selvaraj also paid homage to Indian martyrs of World War II at the Commonwealth War Memorial, Menteng Pulo Jakarta. PTI TEAM SCY

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