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    DRI seizes 10,000 kg of firecrackers worth Rs. 3 crore at Nhava Sheva port
    CCI approves acquisition of certain additional equity share capital of IIFL Capital Services Ltd by FIH Mauritius Investments Ltd.
    CCI approves acquisition of Onesto Labs Private Limited by L’Oréal India Private Limited
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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
Show AI Summary
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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Opulence, business deals and USD 400M plane from Qatar: Takeaways from Trump's West Asia tour

May 16, 2025

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Abu Dhabi, May 16 (AP) President Donald Trump used the first major foreign trip of his second term to outline a vision for restoring global stability that is grounded in pragmatism and self-interest rather than values, holding out US ties to wealthy Gulf countries as a model for America's longtime foes.

His four-day swing through Saudi Arabia, Qatar and the United Arab Emirates, which ends Friday, put a spotlight on Trump's transactional approach to foreign affairs as he was feted by autocratic rulers with a trio of lavish state visits where there was heavy emphasis on economic and security partnerships.

His trip played out against the backdrop of stubborn global conflicts, including Gaza and Ukraine, that showed the limits of his influence. But Trump insisted he was turning the page on American “interventionalism” in the region as he moved to recognise the new government in Syria for the first time and prodded Iran to engage on nuclear talks before it's too late.

Some takeaways from Trump's travels: Trump marvelled at Gulf state opulence but held his tongue on human rights Presidential trips to the Middle East usually feature at least some public calls for authoritarian governments to improve their human rights efforts. Not this one, as Trump celebrated his business deals with Gulf royals and admired their wealth.

Trump toured the marble and gilded palaces of Gulf rulers and deemed them “perfecto” and “very hard to buy.” He praised the “gleaming marvels” of the skyline in Saudi Arabia. And he groused about the “much less impressive” Air Force One.

In Trump's remarks at a VIP business conference in Riyadh, he went out of his way to distance himself from the actions of past administrations, the days when he said American officials would fly in “in beautiful planes, giving you lectures on how to live and how to govern your own affairs.” Rights advocates took that as a pledge of nonintervention, swearing off some of the pressure past US presidents have brought to bear on partners to varying degrees to ease up on detentions, suppression of critics and other issues.

“It's absolute support for absolute monarchy,” said Saudi exile Abdullah Alaoudh. His father, a Saudi cleric with a wide following there, is imprisoned in the kingdom.

Some rights advocates said Trump officials gave them private assurances the administration was working on behalf of detained Americans and rights advocates.

Tommy Pigott, a deputy spokesman at the State Department, declined to say whether Trump raised those or other rights issues in discussions with Gulf royals.

Thwarted by Putin While Trump was in the Mideast, Vladimir Putin opted to skip direct peace talks with Ukraine's Volodymyr Zelenskyy despite the US president's strong calls for them to meet face to face.

Trump has been pushing Putin and Zelenskyy to move with greater haste to end Russia's grinding war in Ukraine.

But after it became clear Putin wouldn't be attending talks in Turkey this week and would instead be sending underlings to Istanbul, an annoyed Trump insisted he knew all along that it was highly likely Putin would be a no-show.

“I don't believe anything's going to happen whether you like it or not, until he and I get together,” Trump said. “But we're going to have to get it solved because too many people are dying.” As he wrapped up his visit on Friday, Trump said the face-to-face would happen “as soon as we can set it up.” Trump was scheduled to fly back to Washington on Friday, but tried to keep people guessing until the end. He teased late Thursday that he would be heading to a “destination unknown” — “probably” Washington, he added. His opaque language stoked speculation that he might make a drop-by to Turkey.

But on Friday morning, he told reporters he needed to get back to Washington. His daughter Tiffany had her first child while the president has been away.

“I would actually leave here and go,” Trump said. “I do want to see my beautiful grandson.” On Syria sanctions, Trump takes a leap of faith Just two months ago, the Trump administration wasn't sold on Syria's interim government led by Ahmad al-Sharaa, the onetime al-Qaida-affiliated insurgent. They worried the Syrian president didn't have the legitimacy to govern the country's ethnically diverse population.

Clashes broke out in early March, killing hundreds and targetting many more members of the Alawite religious minority to which the ousted Syrian leader Basher Assad belongs.

The moment gave the Trump White House pause about easing sanctions on Syria. But Trump signalled Monday that he was having a change of heart and was moving toward lifting the Syria sanctions.

A day later, he announced the move during an address to Gulf leaders.

Trump then took it another step by agreeing to meet al-Sharaa.

Trump said he was impressed with al-Sharaa, who not that long ago had a USD 10 million US bounty on his head. The president called him a “young, attractive guy” with a “very strong past.” Trump said it was recommendations from Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman that nudged him to take a chance on al-Sharra.

“President Erdogan called me and said: 'Is there any way you could do that? Because if you don't do that, they don't have a chance,'” Trump said. “So, I did it.” Trump's fuzzy math on display Throughout the trip, Trump felt more than comfortable dishing out exaggeration and hyperbole.

“This has been an amazing trip.” Trump told reporters Thursday as Air Force One was about to land in Qatar. “We've raised trillions of dollars of investment for our country.” A little later he put the figure at USD 4 trillion.

That figure is about two times the combined gross domestic products of Saudi Arabia, Qatar and the United Arab Emirates, meaning that any announced investments would likely accrue over several years — if at all — in ways that might not show up in overall US economic growth numbers.

Boeing confirmed that Qatar's USD 96 billion purchase of its 787 and 777X jets was the largest order for 787s and wide body jets in the company's history. Trump enthused it was “the biggest order in the history of, I think, aviation, certainly of that size” of jets.

Trump also went overboard in running down the economic record of his predecessor, Democrat Joe Biden, at one point declaring, “The days of economic misery under the last administration are rapidly giving way to the greatest economy in the history of the world.” The US economy grew at 2.8 per cent last year. It declined at an annualised rate of 0.3 per cent during the first three months of this year.

Intractable conflicts remain just that While Trump's trip initially was conceived as a visit to reward countries that invest in the United States, Trump at one point hoped it also would herald significant steps to end the wars in Gaza and Ukraine. Positive news on both fronts proved elusive.

Trump barely mentioned either conflict on his trip – and when he did, it was generally in the context of his assertion that they wouldn't have occurred had he won reelection in 2020.

As Israel stepped up an offensive in Gaza — a prelude to a promised full takeover of the territory if Hamas doesn't release the remaining hostages in its captivity — Trump was again musing about the creation of a “freedom zone” in its territory. It's a notion rejected by Palestinians and the broader Arab world because Trump's plan would relocate civilians from Gaza to allow for rebuilding.

Israel conducted significant airstrikes all week in Gaza as Trump was in the region and the fighting on the ground appeared to escalate Friday morning even before Trump left the UAE.

Ethics issues follow along as Trump travels the Mideast Trump was already facing questions about conflicts of interest for travelling to the Middle East to shape US policy at a time when his family's business interests in the region have boomed.

He attempted to quiet worries about national security and constitutional questions by insisting he's smart to accept a USD 400 million luxury plane from Qatar and use it as Air Force One.

“Why should our military, and therefore our taxpayers, be forced to pay hundreds of millions of Dollars when they can get it for FREE,” Trump posted on his social media site during his Middle East swing.

The president also dodged questions about a state-backed investment company in Abu Dhabi using a Trump family-aligned stablecoin for a USD 2 billion investment in the world's largest cryptocurrency exchange.

“I don't know anything about it,” he said.

Beyond that, the Trump family has piled up deals to license its brand for real estate projects, and to build Trump towers and golf courses, around the Middle East.

White House press secretary Karoline Leavitt says it's “frankly ridiculous” to wonder if those profits might influence Trump's governing decisions. (AP) NPK NPK

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