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    DRI seizes 10,000 kg of firecrackers worth Rs. 3 crore at Nhava Sheva port
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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
Show AI Summary
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
Show AI Summary
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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Vance to meet Zelenskyy amid concerns about US-Russia talks to end war in Ukraine

February 14, 2025

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Munich, Feb 14 (AP) Vice President JD Vance will lead the US delegation to the Munich Security Conference that starts Friday in the southern German city, where world leaders and diplomats are gathering amid intense concern and uncertainty over the Trump administration's foreign policy.

The future of Ukraine will be the top item on the agenda following a phone call between US President Donald Trump and Russian leader Vladimir Putin this week, when they pledged to work together to end the 3-year-old Russia-Ukraine conflict.

Vance is expected to meet Ukrainian President Volodymyr Zelenskyy on Friday for talks that many — particularly in Europe — hope will shed at least some light on Trump's ideas for a negotiated settlement to the war.

Hours before the meeting was set to take place, a Russian drone with a high-explosive warhead hit the protective confinement shell of the Chernobyl Nuclear Power Plant in the Kyiv region, the Ukrainian president said. Radiation levels have not increased, Zelenskyy and the U.N. atomic agency said.

US Secretary of State Marco Rubio was supposed to join Vance and Zelenskyy but was delayed when his Air Force plane had to return to Washington after developing a mechanical problem en route to Munich. The State Department spokeswoman said he would take a different aircraft, but it was unclear whether he would arrive in time for the meeting with Zelenskyy.

Trump, who upended years of steadfast US support for Ukraine during his call with Putin on Wednesday, has been vague about his specific intentions — other than suggesting that a deal will likely result in Ukraine being forced to cede territory that Russia has seized since it annexed Crimea in 2014.

“The Ukraine war has to end,” Trump told reporters Thursday. “Young people are being killed at levels that nobody's seen since World War II. And it's a ridiculous war.” The Russia-Ukraine war is the biggest conflict on the European continent since World War II.

Trump's undetailed musings have left Europeans in a quandary, wondering how — or even if — they can maintain the post-WWII security that NATO afforded them or fill the gap in the billions of dollars of security assistance that the Biden administration provided to Ukraine since Russia's February 2022 invasion.

Trump has been highly skeptical of that aid and is expected to cut or otherwise limit it as negotiations get underway in the coming days.

“There can be no negotiation about Ukraine without Ukraine. And Ukraine's voice must be at the heart of any talks,” UK Defence Secretary John Healey told reporters at NATO headquarters as the alliance's 32 defense ministers met for talks on the war-torn country.

Trump was noncommittal on Wednesday about whether Ukraine would have a seat at the table in US negotiations with Russia. But asked by reporters Thursday, Trump said, “Of course they would. I mean, they're part of it. We would have Ukraine, we have Russia and we'll have other people involved, too.” He also noted that representatives from Russia would be at the Munich Security Conference.

Both Trump and US Defence Secretary Pete Hegseth dashed Ukraine's hopes this week of becoming part of NATO, which the alliance said less than a year ago was “irreversible,” or getting back its territory captured by Russia, which currently occupies close to 20% including Crimea.

“I don't see any way that a country in Russia's position could allow ... them to join NATO,” Trump said Thursday. “I don't see that happening.” Asked what he thought Russia should give up to reach a deal, he noted that talks have not yet begun and that “maybe Russia will give up a lot, maybe they won't.” At NATO headquarters, Hegseth reiterated Thursday that “simply pointing out realism like the borders won't be rolled back to what everybody would like them to be in 2014 is not a concession to Vladimir Putin.” He said it's a recognition of realities on the ground.

He added, though, that neither Russia nor Ukraine will “get everything that they want” and stressed that “any negotiation that's had will be had with both.” Rubio also told Ukrainian Foreign Minister Andrii Sybiha in a call before leaving for Munich that the US was committed to Ukrainian independence. He reiterated “the need for bold diplomacy to end the war in a negotiated manner leading to a sustainable peace,” according to a State Department readout.

Vance, in an interview with the Wall Street Journal, said that the US would hit Moscow with sanctions and potentially military action if Putin won't agree to a peace deal with Ukraine that guarantees Kyiv's long-term independence.

The warning that military options “remain on the table” was striking language from a Trump administration that's repeatedly underscored a desire to quickly end the war.

“There are economic tools of leverage, there are of course military tools of leverage,” Vance added.

The US reassurances may have somewhat allayed Zelenskyy's fears, although they will not replace any lost military or economic support that the Biden administration had provided.

The Ukrainian leader conceded Thursday that it was “not very pleasant” that the American president spoke first to Putin. But he said the main issue was to “not allow everything to go according to Putin's plan.” “We cannot accept it, as an independent country, any agreements (made) without us,” Zelenskyy said as he visited a nuclear power plant in western Ukraine.

The track Trump is taking also has rocked Europe, much as his dismissive comments about France and Germany did during his first term.

French Deputy Foreign Minister Benjamin Haddad described Europe as being at a turning point, with the ground shifting rapidly under its feet, and said Europe must wean itself off its reliance on the United States for its security. He warned that handing a victory to Russia in Ukraine could have repercussions in Asia, too.

“I think we're not sufficiently grasping the extent to which our world is changing. Both our competitors and our allies are busy accelerating,” Haddad told broadcaster France Info on Thursday.

“What's at stake is not just the interests of Ukraine and the Europeans. Everyone would lose, starting with the United States. And I think the United States know that,” he said.

But Trump said Thursday that he trusts that Putin wants to find an end to the war.

“I trust him on the subject," the US president offered. “I think he'd like to see something happen.” (AP) AMS

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