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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
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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.

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Trump's demand that US aid workers return home sparks outrage in Washington and anxiety overseas

February 6, 2025

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Washington, Feb 6 (AP) Frustration boiled over Wednesday among supporters of the United States' lead aid agency at a Washington rally, and anxious aid workers abroad scrambled to pack up households after the Trump administration abruptly pulled almost all agency staffers off the job and out of the field.

The order issued Tuesday followed 2 1/2 weeks that have seen the Trump administration and teams led by billionaire ally Elon Musk dismantle much of the US Agency for International Development, shutting down a six-decade mission intended to shore up US security by educating children, fighting epidemics and advancing other development abroad.

Secretary of State Marco Rubio, who has been touring Central America on his first visit in office, defended the administration's broad shutdown of aid funding and other actions while saying, “Our preference would have been to do this in a more orderly fashion.” But, Rubio said, the administration faced a lack of cooperation in an attempt to review the worth of each agency program. He gave no evidence, and agency staffers deny his and Musk's claims of obstruction. As a result, Rubio said, the administration would now “work from the bottom up” to determine which U.S. aid and development missions abroad were in the national interest and would be allowed to resume.

“This is not about ending foreign aid. It is about structuring it in a way that furthers the national interest of the United States,” he said in the Guatemalan capital of Guatemala City.

In Washington, Democratic lawmakers and hundreds of others rallied outside the Capitol to protest the fast-moving shutdown of an independent government agency. “This is illegal and this is a coup,” California Democratic Rep. Sara Jacobs cried.

“We are witnessing in real time the most corrupt bargain in American history,” Maryland Sen. Chris Van Hollen shouted to supporters at the rally, referring to Musk, his support for President Donald Trump and his role in challenging USAID and other targeted agencies.

“Lock him up!” members of the crowd chanted. Addressing Democratic lawmakers, who have promised court battles and other efforts but have been unable to slow the assault on USAID, they said: “Do your job!” Scott Paul, a director at the Oxfam American humanitarian nonprofit, said the damage already done meant that key parts of the global aid and development system would have to be rebuilt “from scratch.” Jennifer Kates, senior vice president and director of the global health and HIV policy program at KFF, cited one large organization alone that expects to close up to 1,226 maternal and child-care clinics serving more than 630,000 women.

“The health care system is not one that you just press on and off,” Kates said. If the US shutdown lays off staffers and closes those clinics, “you can't just say, All right, we're ready to start again. Let's go.'” USAID has been one of the agencies hardest hit as the new administration and Musk's budget-cutting team target federal programs they say are wasteful or not aligned with a conservative agenda.

U.S. embassies in many of the more than 100 countries where USAID operates convened emergency town hall meetings for the thousands of agency staffers and contractors looking for answers. Embassy officials said they had been given no guidance on what to tell staffers, particularly local hires, about their employment status.

A USAID contractor posted in an often violent region of the Middle East said the shutdown had placed the contractor and the contractor's family in danger because they were unable to reach the U.S. government for help if needed.

The contractor woke up one morning earlier this week blocked from access to government email and other systems, and an emergency “panic button” app was wiped off the contractor's smartphone.

“You really do feel cut off from a lifeline,” the contract staffer said, speaking on condition of anonymity because of a Trump administration ban forbidding USAID workers from speaking to people outside their agency.

USAID staffers and families had already faced wrenching decisions as the rumored order loomed, including whether to pull children out of school midyear. Some gave away pet cats and dogs, fearing the administration would not give workers time to complete the paperwork to bring the animals with them.

Despite the administration's assurances that the U.S. government would bring the agency's workers safely home as ordered within 30 days, some feared being stranded and left to make their own way back.

Most agency spending has been ordered frozen, and most workers at the Washington headquarters have been taken off the job, making it unclear how the administration will manage and pay for the sudden relocation of thousands of staffers and their families.

The mass removal of thousands of staffers would doom billions of dollars in projects in some 120 countries, including security assistance for Ukraine and other countries, as well as development work for clean water, job training and education, including for schoolgirls under Taliban rule in Afghanistan.

The online notification to USAID workers and contractors said they would be off the job, effective just before midnight Friday, unless deemed essential. Direct hires of the agency overseas got 30 days to return home, the notice said.

The United States is the world's largest humanitarian donor by far. It spends less than 1% of its budget on foreign assistance, a smaller share of its budget than some countries.

Hundreds of millions of dollars of food and medication already delivered by U.S. companies are sitting in ports because of the shutdown.

Health programs like those credited with helping end polio and smallpox epidemics and an acclaimed HIV/AIDS program that saved more than 20 million lives in Africa have stopped. So have programs for monitoring and deploying rapid-response teams for contagious diseases such as Ebola.

South African Health Minister Aaron Motsoaledi told Parliament on Wednesday that officials scrambled to meet with U.S. Embassy staff for information after receiving no warning the Trump administration would freeze crucial funding for the world's biggest national HIV/AIDS program.

South Africa has the world's highest number of people living with HIV, at around 8 million, and the United States funds around 17 per cent of its USD 2.3 billion-a-year program through the President's Emergency Plan for AIDS Relief, or PEPFAR. The health minister did not say whether U.S. exemptions for lifesaving care affect that work.

Democrats and others say the USAID is enshrined in legislation as an independent agency and cannot be shut down without congressional approval. Supporters of USAID from both political parties say its work overseas is essential to countering the influence of Russia, China and other adversaries and rivals abroad, and to cementing alliances and partnerships.

In Istanbul on Wednesday, Hakan Bilgin sat in the downsized office of his medical-care nonprofit, surrounded by half-unpacked boxes and worried colleagues. Days ago, Doctors of the World Turkey received an unexpected stop-work order from USAID, forcing them to close 12 field hospitals and lay off over 300 staff members in northern Syria.

“As a medical organization providing lifesaving services, you're basically saying, 'Close all the clinics, stop all your doctors, and you're not providing services to women, children and the elderly,”' Bilgin said. HIG HIG

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