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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
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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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Bangladeshi students who toppled Hasina regime form political party, say no room for 'pro-India, pro-Pakistan' politics

February 28, 2025

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Dhaka, Feb 28 (PTI) The students' group that led the protests against Bangladesh prime minister Sheikh Hasina launched itself as a political party on Friday, declaring there will be no room now for pro-India and pro-Pakistan politics in the country.

The Anti-Discrimination Student Movement or Students against Discrimination (SAD) turned into 'Jatiya Nagorik Party' or National Citizen Party (NCP) at a rally at Manik Mia Avenue in central Dhaka near Parliament with one of the key leaders of the July-August uprising, Nahid Islam, 26, as its convenor.

The student leaders also issued a declaration that outlined “a transformative political and economic roadmap for Bangladesh” at the inaugural event, which was attended by representatives of some political parties and envoys of the Vatican and Pakistan.

The student movement led a mass protest leading to the ouster of Hasina's over 15 years of rule on August 5 last year. Three days later, Muhammd Yunus assumed charge as the Chief Adviser of the Interim government.

The NCP’s inaugural rally began with a recitation from the Quran, the Bhagwad Gita, the Bible and the Tripitaka, followed by the national anthem.

A minute of silence was also observed in memory of those killed during the July uprising.

“There will be no room for pro-Indian and pro-Pakistani politics in Bangladesh. We will build the state keeping Bangladesh, the interest of the people of Bangladesh ahead,” said NCP’s convenor Nahid Islam, who resigned as the Information adviser from Yunus' advisory council earlier this week.

“We want to talk about the future,” he said. “We want to move beyond the past and discuss the possibilities of Bangladesh.” The party would be “solely Bangladesh-oriented, dedicated to the country's progress,” echoed SAD coordinator Nusrat Tabassum.

SAD member secretary Arif Sohel told the gathering at the inauguration of the party: “People will no longer accept elite groups or dynastic loyalty. Instead, future leaders will emerge from the working class — farmers, labourers, and the children of daily wage earners.” He added that the new political party will uphold this vision and fulfill the people's aspirations.

Family members of those who lost their lives during the July-August 2024 mass protests, leaders of different political parties, except Hasina’s Awami League and its allies in the past regime, joined the NCP’s inauguration event.

According to the mass circulation Prothom Alo and other newspapers, two foreign diplomats -- ambassador of Vatican in Dhaka and Pakistan High Commission’s political councilor -- joined the function and took the front row seats reserved for foreign diplomats.

Former prime minister Khaleda Zia’s Bangladesh Nationalist Party (BNP) sent its senior joint secretary general Ruhul Kabir Rizvi and joint secretary general Shahid Uddin Chowdhury Anny to the event. It was also attended by Jamaat-e-Islami secretary general Mia Golam Parwar and several other Islamic parties and right and left wing groups.

Most of the top leaders of the NCP began their political activism during the 2018 movement for reforms in quota system for government jobs and later under the banner of the Bangladesh Chhatra Odhikar Parishad during the 2019 Dhaka University Central Students' Union (DUCSU) elections.

The new party was floated apparently with the blessings of Yunus, who had assumed as the chief adviser, effectively the prime minister, as the SAD nominee last August.

Neither Yunus nor any other representative of his council of advisers attended the function, however, coinciding with NCP’s launch, the interim government on Friday published a gazette recognising 1,401 individuals injured in the July-August 2024 mass protests as 'July Warriors'.

Yunus had inducted three SAD representatives as members of his advisory council. One of them, Nahid Islam resigned earlier this week amid criticism that the new party was being floated using the advantage of being part of the government.

Zia's BNP earlier expressed its skepticism about the neutrality of the Yunus’ interim administration ahead of expected general elections in December this year, particularly after he extended his support for the proposed student-led party.

Meanwhile, the NCP issued a declaration at the inaugural event that outlined “a transformative political and economic roadmap for Bangladesh, which will begin with writing a new constitution,” newspaper The Daily Star said, adding, with it, the party announced its mission “to dismantle constitutional autocracy and adopt a new democratic constitution.” The first few lines of the declaration read: “We stand as the people of the Bengal delta, bearing a rich and distinct culture shaped over a thousand years of historical evolution.

“After nearly 200 years of British colonial rule, the state of Pakistan was established in 1947 following a long struggle. However, the general people of this land did not attain freedom from exploitation and discrimination,” it said.

Consequently, the declaration said, after 23 years of struggle, the people of this land waged the great liberation war of 1971, sacrificing the lives of hundreds of thousands of martyrs to achieve an independent Bangladesh.

“However, even after more than five decades of independence, we have failed to establish a political settlement that ensures democracy, equality, human dignity, and social justice,” it said.

Instead, the NCP charter said, over the past 15 years, Bangladesh was “subjected to a brutal fascist regime that recklessly weaponised state institutions to serve the ruling party's interests and destroyed democracy.” The declaration then went on to outline the new party's vision for various sectors, including foreign policy and economy, and asserted: “Our country, our rights, our future—the second republic is not an unattainable dream. It is our solemn commitment!” PTI AR NPK NPK

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