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    Piramal Pharma Limited Announces Results for Q1 FY27
    Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
    Innovation, Startups, MSMEs and Quality Manufacturing are Pillars of India's Future Growth: Shri Piyush Goyal at 22nd J.R.D. Tata Memorial Lecture
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    Regional Rural Banks (RRBs) Post Highest-Ever Net Profit of Rs. 10,177 Crore in FY 2025–26, show consistent improvement in other key financial param...
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    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
    July 30, 2026
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 30, 2026
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    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
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    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
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    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
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    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.
    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.

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      Trump visiting Gulf Arab states while crises flare in Gaza, Iran

      May 12, 2025

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      Dubai, May 12 (AP) On his trip this week to the Middle East, US President Donald Trump will visit Saudi Arabia, Qatar and the United Arab Emirates, though his most pressing regional challenges concern two other countries: Israel and Iran.

      After ending a ceasefire two months ago, Israel is intensifying the war in the Gaza Strip, where a blockade on food, medicine and other supplies is worsening a humanitarian crisis. And Iran, an enemy of Israel and a rival of Saudi Arabia, stands on the cusp of being able to develop nuclear weapons.

      Yet Trump will focus his attention on three energy-rich nations home to existing or planned Trump-branded real estate projects — places where he aims to leverage American economic interests to do what he personally revels in: making business deals.

      “This is his happy place,” said Jon B Alterman, a senior vice president at the Washington-based Centre for Strategic and International Studies. “His hosts will be generous and hospitable. They'll be keen to make deals. They'll flatter him and not criticize him. And they'll treat his family members as past and future business partners.” But Trump won't be able to avoid altogether diplomacy on Gaza or Iran: The Gulf countries hosting him are also interested in easing the regional tensions that emanate from these two places.

      “Trump can easily score a win by reassuring them of America's strategic commitment to the region, demonstrating consistent messaging and generally rising above the fray,” analysts Elizabeth Dent and Simon Henderson of the Washington Institute for Near East Policy wrote Friday.

      Trump doesn't plan to visit Israel By not scheduling a trip to Israel during his first trip to the region during his second term as president, Trump is reinforcing a feeling in Israel that its interests may not be top of mind for him.

      That sense intensified last week, when Trump announced that the US would halt its strikes on the Houthis, an Iran-backed rebel group in Yemen that agreed to stop its attacks on American vessels in the Red Sea.

      The Houthis' attacks on Israel did not appear to be covered by that deal, which came as a surprise to Israel, according to an Israeli official who spoke on condition of anonymity to discuss a sensitive diplomatic issue. Days after the deal between the US and the Houthis — and despite a two-day Israeli assault on Houthi targets — a missile from Yemen again set off air raid sirens in Israel. Then Israel's military warned Sunday that Houthi-controlled ports in Yemen could be targeted again.

      Trump's move to launch negotiations with Iran over its nuclear programme also jarred Israel, which fears a deal that would not be strict enough to prevent Iran from obtaining a nuclear weapon or rein in its support for regional militant groups.

      Israel had hoped that Trump might provide military assistance in any strike it carried out on the country's nuclear facilities — an action that is unrealistic so long as there are negotiations, or if they reach a deal.

      That has raised questions in Israel over Trump's reliability on other major issues, like a long-sought normalisation deal with Saudi Arabia as part of any defence pact the administration may reach with the kingdom. Saudi Arabia has said it would only normalize ties with Israel in exchange for significant concessions for the Palestinians toward statehood, something the current Israeli government is unlikely to agree to.

      Israel has said it will hold off on expanding the war in Gaza until after Trump's visit, leaving the window open for a new ceasefire deal to materialize. But Trump's earlier attention on the war appears to have shifted, and it's unclear how hard his administration is working to goad the sides toward a deal. Trump has given Israel free rein in Gaza and, like Israel, blames Hamas for any civilian casualties.

      US Ambassador to Israel Mike Huckabee played down any significance to Trump's decision not to visit the country, saying in interviews with Israeli media that his visit to the region was focused on economic issues.

      And on Sunday, Hamas said the last living American hostage in Gaza, Edan Alexander, will be released as part of efforts to establish a ceasefire, reopen crossings into the Israeli-blockaded territory and resume the delivery of aid.

      No major breakthrough in Iran nuclear talks For Iran, much depends on the talks it is having with the US over its rapidly advancing nuclear programme. A reported two-month deadline to reach a deal likely has passed as US officials signal America may push for Iran to give up enrichment entirely — something Tehran has insisted is a red line.

      Although four rounds of talks mediated by Oman have not led to a major breakthrough, they have gone into the so-called “expert level” — meaning specifics about any possible accord likely have been discussed.

      Iranian Foreign Minister Abbas Araghchi traveled over the weekend to both Saudi Arabia and Qatar ahead of Trump's trip. Iran likely is trying to pass messages to the US while signalling its interest in continuing the talks. Iranian officials increasingly threaten to pursue a nuclear weapon, while Trump and Israel have both threatened to strike Iranian nuclear sites if a deal isn't reached.

      The Islamic Republic is running out of options. Its economy has cratered since Trump in 2018 unilaterally pulled America out of their initial nuclear deal with world powers. And Iran's self-described “Axis of Resistance” — a group of aligned nations and militant groups, including Hamas in Gaza and Hezbollah in Lebanon — has been mauled since the Israel-Hamas war began.

      Iran also faces internal political pressure, including from women increasingly refusing to wear the state-mandated headscarf, or hijab.

      There is one thing that unites most Iranians, however — pride over the Persian Gulf. Trump's consideration of having America uniformly call the body of water the “Arabian Gulf” instead drew fierce criticism from across the country.

      “This gulf has always been the Persian Gulf — and it will forever remain the Persian Gulf,” Tehran's Friday prayer leader Ayatollah Ahmad Khatami said Trump's 2017 trip still haunts the Gulf After starting his trip in Saudi Arabia, Trump will then go to Qatar, which recently announced plans for a Trump-branded development there.

      This tight embrace of the president comes after his first trip to the Middle East — in 2017 — apparently sparked what became known as the Qatar crisis. That is when Bahrain, Egypt, Saudi Arabia and the UAE boycotted Qatar over its support of Islamists in the region and its ties to Iran, with which it shares a massive offshore natural gas field.

      The dispute grew so serious that Kuwait's ruling emir at the time, Sheikh Sabah Al Ahmad Al Sabah, suggested on a visit to the White House there could have been “military action.” Trump initially criticized Qatar as having “historically been a funder of terrorism at a very high level” at the start of the boycott. Less than a year later, he praised Qatar and rolled that back. The four nations ended their boycott just before Biden took office.

      Then on Sunday, President Donald Trump said he was ready to accept a luxury Boeing 747-8 jumbo jet as a gift from the ruling family of Qatar during his trip to the Middle East. US officials say it could be converted into a potential presidential aircraft — which would amount to the president accepting an astonishingly valuable gift from a foreign government With crude oil prices trading just over $60 a barrel — lows not seen since 2021 — one major criticism Trump has for the Gulf states isn't there. The question is how Trump will deal with the region's multitude of crises and still-tender wounds.

      To avoid a repeat of the 2017 diplomatic crisis, Trump “should reemphasise efforts to unite the Gulf" said Dent and Henderson, of the Washington Institute for Near East Policy. (AP) NSA NSA

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