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    Sebi board approves slew of reforms; widens investment avenues, FPI access
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    K'taka Deputy CM Parameshwara rejects Opposition's allegation of 'bankruptcy'
    EOW registers case against businessman, 4 others for ''forgery, unauthorised transactions''
    India's Russian oil imports hold near 1.8 million bpd as Middle East fills gaps
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    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
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    US and China agree to extend trade truce by 2 months: Bessent
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    DRI seizes around 12 kg foreign-origin gold smuggled from Bangladesh worth Rs. 17 crore in a crackdown on cross border gold smuggling
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September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
September 24, 2026
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Merchant discount rate on UPI merchant payments may be treated as a taxable payment settlement service with input credit availability.
GST treatment of MDR charged on UPI merchant payments above Rs 2,000 is to be considered by the GST Council. The MDR framework imposes a merchant-borne charge for payment processing and settlement. As these activities are services, MDR may attract GST at 18 per cent, subject to the Council's view. Merchants paying GST on MDR may claim input tax credit, potentially reducing their net tax burden.
September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
Finance-department advice treats fiscal indicators as grounds for restraint in approving additional expenditure rather than as evidence that funds are unavailable. Funding new projects may be difficult until additional resources are mobilised or allocations already approved are reallocated. Project proposals lacking budgetary provision or earmarked funding may create cash-flow pressures and fiscal-management challenges, requiring deferment until resources are finalised.
September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
An FIR concerns alleged cheating, forgery, criminal conspiracy, corporate-document misuse, and unauthorised financial liabilities arising from participation in a corporate insolvency resolution process. Allegations include entering a consortium arrangement without the Parekh Group's knowledge or authorisation, reliance on a fabricated and unapproved board resolution, and unauthorised transfer of shares to a group-controlled entity. Investigation covers disputed-record authenticity, alleged digital-signature misuse, and financial transaction trails.
September 24, 2026
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Energy security shapes continued Russian crude sourcing as alternative suppliers replace shortfalls amid potential sanctions-related restrictions.
Russian crude imports are operating near 1.8 million barrels daily in September, with refinery maintenance, stronger Chinese buying, and disruptions to Russian export infrastructure constraining availability. Middle Eastern supply, especially from Iraq and Saudi Arabia, has offset reduced Russian volumes. Potential tougher restrictions on countries purchasing Russian oil could complicate procurement, but energy security and tight physical oil markets make a significant near-term reduction in Russian crude purchases unlikely. Replacement remains technically possible but may raise procurement costs and competition for medium-grade crude.
September 24, 2026
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Direct tax payment gateway integration enables nationwide payments through digital options, branch channels, and customers' respective internet-banking services.
IDFC FIRST Bank's payment-gateway integration for Central Board of Direct Taxes collections enables Direct Tax payments through UPI, credit cards, debit cards, Retail and Corporate Internet Banking, and branch-based cheque, demand draft, or cash payments. Customers of other banks may use their own internet-banking facilities through the gateway. Taxpayers create a challan on the Income Tax e-Filing Portal, select Payment Gateway and IDFC FIRST Bank, choose a payment mode, complete payment, and download or print the paid challan. Payment confirmations are also accessible.
September 24, 2026
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Insurance distribution controls target commissions, expenses and loan-linked sales, reshaping bancassurance arrangements and intermediary remuneration structures.
IRDAI's consultation proposals for insurance distribution contemplate lower Expenses of Management limits, tighter commission controls, and greater control over loan-linked insurance practices. The prospective framework concerns insurer and intermediary remuneration, distribution expenses, and bancassurance fee structures. Reported concerns centre on potential effects on insurer earnings, intermediary economics, and lending-linked distribution arrangements; the measures are not described as final operative obligations or enforcement action.
September 24, 2026
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Personal loan eligibility and repayment planning: loan variants and digital applications remain subject to assessment, verification, and applicable terms.
Eligible customers may seek collateral-free personal loans within stated amount, tenure and interest-rate ranges. Loan amount, interest rate and tenure determine the EMI and total interest payable, while calculator results are estimates rather than final repayment obligations. Eligibility includes nationality, age, employment and credit-score conditions, but approval, final pricing and loan amount remain subject to lender assessment, document verification and applicable terms. Online applications require personal, financial and employment details and KYC verification.
September 24, 2026
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Nidhi company deposits lack insurance protection, requiring verification of government declaration before relying on high-return promises.
Each company seeking to function as a Nidhi must file Form NDH-4 for declaration or updated Nidhi status and comply with the Companies Act, 2013 and applicable Nidhi Rules. Nidhi companies may accept deposits and grant loans only to members. Public investors should verify declared Nidhi status rather than rely on unusually high-return promises, agent representations, or informal assurances. Deposits with Nidhi companies are not insured by the Deposit Insurance and Credit Guarantee Corporation, and recovery may be difficult where a company fails or fraud occurs.
September 24, 2026
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FCNR(B) liquidity deployment remains within banks' discretion, guided by credit pipelines, asset-liability positions, and prudent underwriting standards.
Banks retain full discretion to deploy liquidity mobilised through FCNR(B) deposits, based on their credit pipeline, lending proposals, liquidity outlook and asset-liability position. No sector-specific direction applies to use of these funds. FCNR(B) deposits are fixed-term foreign-currency deposits in which principal and interest are repayable in the same foreign currency, protecting non-resident depositors from direct rupee exchange-rate risk. Continued prudent credit appraisal and underwriting standards are expected.
September 24, 2026
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Compulsory Muslim marriage registration shifts registration to registrars under a statewide procedural framework, with local officials authorised when needed.
Compulsory registration of Muslim marriages will operate under the Assam Muslim Marriage Registration (Compulsory) Rules, 2026, framed under the Assam Compulsory Registration of Muslim Marriage and Divorces Act, 2024. Registration will be undertaken by registrars, with panchayat-level officials potentially authorised where application volumes require additional capacity. The framework addresses the registration forum after kazis were barred from registering Muslim marriages.
September 24, 2026
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Macroeconomic resilience supports fiscal consolidation, financial-sector stability, and orderly foreign-exchange management through persistent global and market shocks.
Policy management emphasises clear communication, policy certainty, macroeconomic and financial-sector stability, efficient use of buffers, and sustained structural reform. Fiscal prudence is treated as necessary to avoid unsustainable stimulus and preserve long-term stability. External-sector resilience rests on services exports and remittances, while oil and gold shocks and weaker capital inflows have created temporary balance-of-payments pressure. Further improvement is linked to lower oil dependence, export diversification, trade agreements, capital inflows and orderly foreign-exchange market management.
September 24, 2026
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Software export growth strengthens IT ecosystem as campus expansion supports startup activity, infrastructure development, and skilled employment.
Software export revenue generated by Technopark reached Rs 17,092 crore in FY 2025-26, reflecting year-on-year growth of approximately 17.3 per cent. Growth is attributed to IT infrastructure, a skilled talent base, and company performance. Technopark also operates as an IT and ITeS hub and startup ecosystem centre, with ongoing campus development intended to expand its position among major IT hubs.
September 24, 2026
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Artificial intelligence centre of excellence partnership advances industry-aligned training, supervised internships, startup mentorship, and applied research collaboration.
IIEST Shibpur and Tata Consultancy Services have entered into a Memorandum of Understanding to establish an Artificial Intelligence Centre of Excellence at the Electrical Engineering Department's high-performance computing laboratory. The collaboration supports industry-aligned training, professional certifications, practical projects, supervised internships, startup mentorship, curriculum benchmarking, and applied research in natural language processing, computer vision, image processing, and advanced data analytics.
September 24, 2026
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Money-laundering searches prompt protests over alleged political misuse while operations continue at public development offices and residences.
Enforcement Directorate search and survey operations connected with a money-laundering investigation continued at development authority offices and premises linked with housing administration, a realty company, and private residences. AAP workers protested against the searches, alleging political and administrative pressure through central investigative agencies. The party further alleged that the operations could disrupt the development authority's functioning and impede Punjab government welfare schemes.
September 24, 2026
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Money-laundering investigation procedure raises allegations over FIR registration, conflict concerns, and the choice between police, vigilance, or federal inquiry.
A police inquiry, rather than a Vigilance inquiry, was directed following an Enforcement Directorate communication seeking registration of an FIR for cognizable offences. It was contended that FIR registration should be dealt with by the police and that governmental or ministerial intervention would raise concerns where a person facing allegations is involved in deciding the investigative course. A transfer to a federal investigative agency was sought on grounds of investigative independence and perceived conflict of interest.
September 24, 2026
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Trade truce extension maintains tariff pauses and export-restriction rollbacks while negotiations continue on broader economic commitments.
United States-China trade relations may remain governed by the Busan Agreement through January 10 under a stated two-month extension, though Chinese official confirmation is pending. The arrangement maintains pauses on elevated tariffs and prior rollbacks of restrictions affecting critical minerals and high-technology exports. Negotiations may produce a broader economic package or further continuation of existing terms, while implementation of agreed commitments is under review. The parties have also proposed reciprocal alerts on AI-related hacking incidents involving national-security concerns.
September 24, 2026
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Gold Smuggling Enforcement: Concealed foreign-origin gold recovered from vehicles and a traveller, with arrests under customs law.
Gold-smuggling enforcement involved the seizure of approximately 21 kg of foreign-origin gold in two operations and the arrest of five persons under the Customs Act, 1962. Gold bars were recovered from sophisticated vehicle-chassis cavities, while gold bars and cut pieces were recovered from a passenger's specially designed cotton waist belt. The operations concerned suspected cross-border gold movement and targeted organised smuggling networks using sophisticated concealment methods.
September 24, 2026
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Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
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BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.

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As Ripple (XRP) and Cardano (ADA) Flip Bullish, Can Rexas Finance at $0.20 Outperform Them?

March 6, 2025

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Ripple (XRP) and Cardano (ADA) managed to move the crypto market as they gained bullish momentum. Investors can be more positive about XRP due to the SEC’s approval of Grayscale’s 19b-4 application to transform their XRP Trust Fund into an ETF. In parallel, Cardano shows some very positive technical indicators suggesting a bullish rally towards $3, their previous all-time high. Additionally, Rexas Finance (RXS) is seeking the position of an altcoin with the highest potential value growth. RXS aims to lead the altcoin sphere for 2025, being a frontrunner in marketing strategies alongside a profitable business model. With RXS’s presale nearing the end, all this paints a picture of an ideal crypto business.

Ripple (XRP) Gears Up for a Major Rally XRP is one of those altcoins that has garnered a lot of attention lately, and if the price continues to increase, it may top the charts even more. While some see the SEC’s decision to allow Grayscale’s application as a vote of confidence, the Bitcoin ETF approval had previously sent BTC to record levels, which many expect to be the same for XRP. XRP’s current trading price exceeds $2.70, indicative of bullish price action. Analysts highlight $2.75 and $3.40 as the most important resistance levels, while $3 remains the immediate target. With the most recent moves in the market, XRP could break above $3 in the upcoming weeks and enter price levels that have not been visited before. As per the estimates of CoinCodex, XRP is expected to consolidate around these price levels until early April. Afterward, XRP should be targeting $3.20 by April 10. The platform predicts that April 15 could increase to $4.37, a 70% rise from current levels. Market analyst Egrag Crypto notes that there is an M Shape that bonds XRP’s price action with bullish possibilities, wherein the regions of decline create higher resistance levels. As long as investor sentiment remains strong, XRP could see one of its most robust rallies of the decade.

What to Expect from Cardano (ADA) in the Coming Months Cardano, valued at $0.7726 and with a market cap of $29.04 billion, is showing relevant interest as the altcoin's price nears important breakout zones. With increased trading volume tracked in the last 24 hours, ADA's performance is improving, as $2.2 billion has been traded, giving the token fresh liquidity. Its fragmented market activity remains popular on trading platforms, suggesting an upward breakout is highly likely. After remaining stagnant for a few weeks, ADA seems to be climbing back as long as buyer support remains, resulting in a bullish pattern in the weekly chart. If resistance is broken, ADA will retest its all-time high of $3. If the previous all-time leader is reached, there is a strong chance of a bull run. With increased trading volume tracked in the last 24 hours, ADA's performance is improving. $2.2 billion has been traded, giving the token fresh liquidity. With such drastic funding, ADA looks ready. History suggests the altcoin will once again breach the previously captured dollar and even beyond. All eyes are on a major spike, as ADA is known to break accumulation.

Rexas Finance (RXS): The $0.20 Token Ready to Outperform XRP and ADA Meet Rexas Finance (RXS). With a low presale price of $0.20, RXS is also set to release in December, with ADA and XRP presale tokens ready to target. The potential of Rexas Finance could surpass even ADA and XRP, making it stand out from other tokens. Rexas Finance aims to change the tokenization of real-world assets by enabling the purchasing of intellectual property, real estate, or fine art. RXS aims to be one of the leaders in bringing tangible assets to the blockchain, making it more than just another speculative token.

Why Rexas Finance is the Better Investment Rexas Finance aims to integrate an AI, Rexas AI, which can be used as a powerful analytical tool to aid investors. It is also set to compete with Rexas Treasury, which competes with ADA and XRP. Rexas aims to add a structured revenue model that other tokens on the blockchain lack, providing long-term sustainability to RXS as a whole. Furthermore, Rexas Launchpad makes building new projects easier, furthering the ecosystem's growth. Compliance is one of RXS's major advantages. The project has also had a Certik audit done, improving transparency and investor protection. Compared to numerous altcoins that capitalize on marketing, Rexas Finance has established a firm and comprehensive base for future expansion. The selling of tokens has also proved successful, as 451,100,000 tokens have already been sold. Most tokens were sold in the last round, raising $46.22 million; this report stands at 90.22% at the time of writing. The token is currently valued at $0.200 and will be listed on multiple exchanges at $0.25. This change is expected to happen by June 19, 2025. RXS investors can expect great investment returns, making this trade highly lucrative.

RXS vs XRP and ADA: The Clear Winner Between XRP and ADA, XRP has more value, and so does RXS. Despite the recent bullish trend, XRP’s value may plunge because of regulatory doubts. Similarly, ADA has never shown strong value after bullish cycles. Fortunately, RXS enters the market with significant community backing and at a favorable time. RXS has the potential to outperform XRP and ADA in the coming months. Analysts project that RXS could surpass the $5 mark, making it one of the most valuable altcoins in 2025. Thanks to the new ecosystem, cutting-edge technology, and comparatively lower entry points, RXS seems destined to deliver profits.

Conclusion XRP and ADA are preparing for massive spikes as the crypto ecosystem picks up momentum and the prospect of returns becomes far more appealing. However, looking for a lesser-known coin like Rexas Finance will provide far more value, as there will emerge a greater demand for those looking for profound gains. RXS is the foremost choice for surpassing XRP and ADA in 2025. So, if you are an investor searching for extraordinary returns, RXS will be a better bet before the presale ends.

For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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