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August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
Show AI Summary
Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.

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Customs, DGFT & SEZ

Data on ECB/FCCB for the month of April 2012

June 14, 2012

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 I AUTOMATIC ROUTE*

 

ECB/ FCCB

Borrower

Equivalent Amount in USD

Purpose

Maturity Period (Appx)

1

ECB

Mainetti India Pvt Ltd., 

314,193

Rupee Expenditure Loc.CG 

8 Years 1 Month

2

ECB

Velan Valves India Private Limited

4,500,000

Import of Capital Goods

6 Years

3

ECB

Pengg Usha Martin Wires Pvt.Ltd.

2,105,676

Modernisation

4 Years 8 Months

4

ECB

Noble Natural Resources India Pvt. Ltd.#

20,000,000

Rupee Expenditure Loc.CG 

9 Years

5

ECB

Shahi Exports Pvt. Ltd.

20,000,000

Modernisation

9 Years 10 Months

6

ECB

Solarfield Energy Private Limited

11,000,000

Rupee Expenditure Loc.CG 

11 Years 3 Months

7

ECB

Piaggio Vehicles Pvt. Ltd.

17,850,000

Rupee Expenditure Loc.CG 

7 Years 4 Months

8

ECB

Flometallic India Ltd.

3,750,000

New Project 

5 Years 5 Months

9

ECB

Mach Aero Components Pvt. Ltd.

1,105,480

New Project 

7 Years 10 Months

10

ECB

Bando India Private Limited

7,800,000

Modernisation

5 Years 8 Months

11

ECB

JayShree Tea & Industries Ltd. 

5,000,000

Rupee Expenditure Loc.CG 

5 Years

12

ECB

Aarvee Denims & Exports Ltd.

5,000,000

Redemption of FCCBs

5 Years

13

ECB

John Energy Ltd

6,000,000

Modernisation

5 Years

14

ECB

Jacquard Fabrics (India)Pvt. Ltd.

500,000

Modernisation

6 Years 10 Months

15

ECB

Jacquard Fabrics (India)Pvt. Ltd.

500,000

Modernisation

6 Years 10 Months

16

ECB

Indo Baijin Chemicals Pvt. Ltd.

12,500,000

New Project 

7 Years 4 Months

17

ECB

Scania Commercial Vehicles India Pvt Ltd

16,694,942

Rupee Expenditure Loc.CG 

3 Years 11 Months

18

ECB

Haworth India Private Limited

5,000,000

Rupee Expenditure Loc.CG 

4 Years 10 Months

19

ECB

BTR Packaging Pvt. Ltd.

300,000

Rupee Expenditure Loc.CG 

4 Years 9 Months

20

ECB

Nippon Steel Pipe India Pvt.Ltd.

13,000,000

Import of Capital Goods

7 Years 6 Months

21

ECB

Nippon Steel Pipe India Pvt.Ltd.

13,500,000

Import of Capital Goods

7 Years 7 Months

22

ECB

Bhushan Steel  Limited

5,033,883

Import of Capital Goods

7 Years 2 Months

23

ECB

WNS Global Services Pvt. Ltd. #

7,000,000

Import of Capital Goods

3 Years 4 Months

24

ECB

Star Cement Meghalaya  Ltd.

12,200,000

New Project 

7 Years 9 Months

25

ECB

Abdos Labtech Private Limited

2,500,000

Modernisation

5 Years

26

ECB

Nucon Industries Private Limited

329,012

Modernisation

5 Years 1 Month

27

ECB

Eurecat India Catalyst Services Private

9,254,826

New Project 

5 Years 3 Months

28

ECB

IRB Ahmedabad Vadodara Super Exp Tollway

100,000,000

Road

7 Years 1 Month

29

ECB

Everest Industries Limited

12,000,000

Modernisation

4 Years 9 Months

30

ECB

Craftsman Automation Pvt.Ltd.

6,000,000

Import of Capital Goods

5 Years

31

ECB

Gulbarga Power Pvt. Ltd.

15,792,574

Rupee Expenditure Loc.CG 

13 Years 1 Month

32

ECB

Zahoransky  Moulds & Machines Pvt.L

394,814

New Project 

6 Years 1 Month

33

ECB

JSW Steel Ltd.

63,683,746

Import of Capital Goods

11 Years 7 Months

34

ECB

JSW Steel Ltd.

63,723,140

Import of Capital Goods

11 Years 8 Months

35

ECB

JSW Steel Ltd.

50,872,587

Modernisation

6 Years 2 Months

36

ECB

Rane Engine Valve Ltd.

5,000,000

Modernisation

5 Years

37

ECB

Behr- Hella Thermocontrol India Pvt. Ltd

460,617

Rupee Expenditure Loc.CG 

3 Years 8 Months

38

ECB

Liebherr CMCtec India Pvt. Ltd.

1,316,048

New Project 

4 Years 8 Months

39

ECB

Interlink Petroleum Ltd.  # 

1,000,000

Other

4 Years

40

ECB

Claris Lifesciences Ltd.

10,000,000

Modernisation

5 Years

41

ECB

RHI Clasil Ltd.

1,316,048

Modernisation

6 Years

42

ECB

Ambattur Developers Private Limited

6,000,000

Import of Capital Goods

4 Years 10 Months

43

ECB

Jindal Aluminium Ltd.

20,000,000

New Project 

10 Years 10 Months

44

ECB

Exedy India Ltd.

1,000,000

Rupee Expenditure Loc.CG 

4 Years

45

ECB

Sadbhav Engineering Ltd.

10,000,000

New Project 

10 Years

46

ECB

Taeyang Metal India Pvt.Ltd.

4,842,984

Import of Capital Goods

5 Years 4 Months

47

ECB

Bangalore Metro Rail Corporation Limited

250,000,000

Railways

18 Years 8 Months

48

ECB

Teva API India Ltd.

48,000,000

Modernisation

13 Years 3 Months

49

ECB

NTL Logistics Plus India Pvt. Ltd.

60,000

Rupee Expenditure Loc.CG 

3 Years 5 Months

50

ECB

Posco Maharashtra Steel Pvt. Ltd.

243,069,000

Import of Capital Goods   

8 Years 1 Month

51

ECB

Posco Maharashtra Steel Pvt. Ltd.

180,000,000

Import of Capital Goods

8 Years 1 Month

52

ECB

Three Bond India Pvt. Ltd.

1,200,000

Rupee Expenditure Loc.CG 

5 Years

53

ECB

Gindre India Components Pvt. Ltd.

171,086

Rupee Expenditure Loc.CG 

6 Years

54

ECB

Kobelco Cranes India Pvt.Ltd.

2,362,742

Import of Capital Goods

7 Years 1 Month

55

ECB

Polyhose India P. Ltd.

1,511,435

Import of Capital Goods

5 Years 7 Months

56

ECB

Meneta Automotive Components Pvt Ltd.

2,105,676

Rupee Expenditure Loc.CG  

4 Years 11 Months

57

ECB

Larsen & Toubro Limited

100,000,000

Rupee Expenditure Loc.CG 

6 Years 3 Months

58

ECB

Hyundai Sealtech Manufacturing Pvt.Ltd.

1,500,000

Import of Capital Goods

5 Years

59

ECB

Allied Refractory Products India Pvt. Lt

4,000,000

New Project 

8 Years

60

ECB

FEV India Pvt. Ltd.

105,284

Rupee Expenditure Loc.CG 

3 Years 1 Month

61

ECB

Samson Maritime Ltd. 

6,750,000

Import of Capital Goods

7 Years 1 Month

62

ECB

Refu Solar Electronics Private Limited

526,419

New Project  

3 Years 5 Months

63

ECB

IAC International Automotive India P. L.

8,500,000

New Project 

7 Years 9 Months

64

ECB

The Andhra  Pradesh Paper Mills Ltd

14,000,000

Modernisation

5 Years 9 Months

65

FCCB

3i Infotech Ltd.

130,000,000

Redemption of FCCBs

5 Years

66

ECB

Lanco Industries Ltd

10,000,000

Modernisation

5 Years

67

ECB

Monnet Power Company Ltd.

25,000,000

New Project 

8 Years 1 Month

68

ECB

Sunrise Containers Ltd

2,000,000

Rupee Expenditure Loc.CG 

5 Years

69

ECB

Sekisui Dljm Molding Pvt. Ltd.

360,000

Rupee Expenditure Loc.CG 

5 Years

70

ECB

Compact India Pvt. Ltd. #

111,502

Rupee Expenditure Loc.CG 

6 Years 9 Months

71

ECB

Renault Nissan Automotive India Pvt. Ltd

13,510,358

Rupee Expenditure Loc.CG 

5 Years

 

 

Automatic Route Total

1,620,984,073

 

 

* Based on Form 83 submitted for allotment of Loan Registration Number

# Clarification sought from the company for conformity with the end-use requirement, eligibility of the borrower and other parameter of ECB

 

II APPROVAL ROUTE*

1

ECB

MTU India Pvt. Ltd.

987,036

Modernisation

5 Years  11 Months

2

ECB

Bharat Forge Limited.

40,000,000

Redemption of FCCBs

5 Years  7 Months

3

ECB

Power Grid Corpn. of India Ltd

250,000,000

Power

14 Years  11 Months

4

ECB

Dana India Technical Centre Pvt. Ltd.

25,000,000

New Project 

5 Years  11 Months

5

ECB

Go Airlines (India ) Ltd.

795,070,921

Import of Capital Goods

8 Years  3 Months

 

 

Approval Route Total

1,111,057,957

 

 

 

 

Grand Total

2,732,042,030

 

 

Topics

Acts Income Tax