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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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Thousands are feared dead in Myanmar’s quake. Trump’s USAID cuts will cause even more unnecessary deaths

March 31, 2025

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Sydney, Mar 31 (The Conversation) In early 2021, after a decade of political and economic reforms, Myanmar looked like it was finally beginning to shake off the hangover of decades of military rule. Foreign investment was growing, and standards of living were gradually improving.

In February that year, however, the military again grabbed power after ousting Aung San Suu Kyi’s democratically elected government in a coup. This sent the country spiralling towards civil war and social and economic collapse.

In the latest addition to the daily misery of Myanmar’s long-suffering people, a huge 7.7-magnitude earthquake hit the centre of the country on Friday. Its epicentre was just outside Mandalay, the county’s second-largest city.

The Thai capital of Bangkok, more than 1,000 kilometres from the epicentre, experienced extensive damage too. Video images showed a collapsing building under construction and sloshing rooftop infinity pools causing waterfalls down high-rise condominiums.

Information on the extent of the damage in Myanmar was slower to emerge, given the junta has largely banned social media and communications apps, such as Facebook, Instagram, WhatsApp, Signal and X.

The death toll has now passed 1,000 at the time of writing. US Geological Survey modelling, however, suggests there could be more than 10,000 deaths and economic losses potentially exceeding the country’s gross domestic product (GDP).

Unusually for the isolationist military juntas of Myanmar, its leader, Min Aung Hlaing, immediately issued a call for international assistance.

The junta, however, has full control of as little as 21% of the country in the ongoing civil war, with the rest contested or controlled by ethnic armed groups and resistance fighters. This indicates some hard-hit areas of the country may be inaccessible to international aid.

Compounding these difficulties, the Trump administration has decimated the US Agency for International Development (USAID) activities in the country. This will make it far more challenging to determine the areas most in need and distribute any aid on the ground.

Natural disasters in Myanmar Along with its history of brutal and authoritarian military rule since gaining independence in 1948, Myanmar is also regularly afflicted by natural disasters.

At least 430 people are believed to have died in floods last September due to the remnants of Typhoon Yagi. In 2023, Cyclone Mocha reportedly killed about 460 of the Rohingya ethnic minority, who are largely confined to government camps in Rakhine state in inhuman conditions.

The worst natural disaster in living memory, however, was Cyclone Nargis in 2008, which left at least 140,000 dead. On that occasion, the military junta resisted international assistance, likely resulting in many unnecessary deaths.

At that time, there was no independent media in Myanmar and it was almost impossible to find out what was actually happening on the ground.

Fortunately, the proliferation of mobile phones in the last decade has allowed information to spread much more widely, even with the junta’s internet blocks and other methods of censorship currently in place.

When Cyclone Nargis occurred – the year after the iPhone was launched – only around 1% of the Myanmar’s population had mobile phones. By the time of the coup in 2021, Myanmar had a smartphone penetration rate of 114%. (This means the country has more smartphones than people.) Foreign assistance has been compromised While Min Aung Hlaing has gone farther than his predecessor in 2008 in asking for international help, US President Donald Trump’s actions have ensured that any aid will be far less effective than it would have been two months ago.

On Friday, the same day the earthquake hit, the Trump administration told Congress it would cut nearly all remaining jobs at USAID and shut the agency, closing all USAID missions worldwide.

Jeremy Konyndyk, the president of Refugees International and a former USAID official, called the move “a total abdication of decades of US leadership in the world”. He argued the firings would cut “the last remnants of the team that would have mobilised a USAID disaster response” to the earthquake.

In 2024, USAID spent US$240 million (A$380 million) in Myanmar, around one-third of all multilateral humanitarian assistance to the country.

However, since Trump’s inauguration in January, the number of USAID programs in Myanmar has shrunk from 18 to just three. Several NGOs and at least seven US-funded hospitals operating along Myanmar’s border with Thailand have been shut down.

Myanmar’s exiled independent media outlets, which shine a light on the military’s atrocities, have also seen their funding slashed by the Trump administration’s USAID cuts.

What happens now? The day before the earthquake, Min Aung Hlaing addressed troops at the 80th anniversary of Armed Forces Day Parade. He announced national elections would go ahead in December – a vote that human rights groups are already calling a “sham”.

There is no conceivable way elections of any integrity can be held in the country under military rule or while the civil war continues to rage.

Military-backed parties have been overwhelmingly rejected by Myanmar’s electorate in every remotely free or fair election over the last four decades. This includes the most recent elections held in 2020, won by the National League of Democracy (NLD), led by Aung San Suu Kyi.

While the world should welcome – and urgently respond to – Min Aung Hlaing’s invitation for international assistance, this doesn’t mean the past is forgotten. Thousands of innocent lives have been lost as a result of the military’s unnecessary and destructive 2021 coup.

If the NLD had remained in government, the country would be infinitely more prepared to deal with consequences of this earthquake. Once again, the military’s brutal rule – and Trump’s draconian aid cuts – will no doubt cause more unnecessary suffering and deaths. (The Conversation) AMS AMS

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