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    SC asks Parsvnath Developers to file report on pending cases against it
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    July 27, 2026
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    Homebuyer enforcement measures require developer compliance with deposit, project completion, and disclosure of pending cases.
    Homebuyer enforcement proceedings required the developer and its directors to disclose the status of pending purchaser cases and complete outstanding work in the booked dwelling unit by the specified deadline. Earlier directions required deposit of the recoverable amount with annual interest and warned of coercive consequences for non-compliance. Protective measures included freezing bank accounts, issuing bailable warrants, and preventing creation of third-party rights or transfer of possession. Insolvency proceedings were stated not to impede enforcement of directions concerning the homebuyers' claims.
    July 27, 2026
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    RBI direction compliance prompted internal disciplinary action over deposit mobilisation and marketing-expenditure payments, with the matter referred to RBI.
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    July 27, 2026
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    Precious-metal market pricing rebounds as easing inflation concerns, global bullion strength and lower yields support gold and silver.
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    July 27, 2026
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    Consumer financing eligibility supports instalment purchases of washing machines through partner stores, requiring in-person application and approval.
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    July 27, 2026
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    MBA campus placements across industry-linked management programmes report recruitment activity spanning finance, analytics, technology, supply chain, healthcare and marketing roles.
    Chandigarh University reports MBA placement activity during 2025 and 2026 across banking, information technology, financial technology, healthcare, retail, analytics, consumer goods and automobile sectors. It describes placements in flagship, applied finance and analytics, and industry-collaborated MBA programmes, including marketing, human resources, operations, supply chain, business analytics, digital marketing, financial technology, data science and healthcare management. The release identifies industry collaborations and participating recruiters, and is issued under a PRNewswire arrangement with PTI disclaiming editorial responsibility.
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    Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification.
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    July 27, 2026
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    UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting.
    A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
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    Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions.
    Section 301 forced-labour import measures impose an additional ad valorem duty on imports from India, with India placed in a lower additional-tariff tier than initially proposed. Specified exports that attract no additional duties, and goods already subject to Section 232 measures, remain outside the Section 301 additional duty. A substantial portion of Indian exports is therefore excluded, while the remaining exports are subject to the additional duty. The textile-specific mechanism has not yet been operationalised, and engagement continues in relation to that mechanism and bilateral trade agreement negotiations.
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    Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance.
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    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
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    July 26, 2026
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    Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access.
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    July 25, 2026
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    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
    July 25, 2026
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
    The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
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    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
    July 25, 2026
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    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.

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      TruAlt Bioenergy Secures Oil Marketing Company (OMC) Status, Set to Launch Retail Flex Fuel Network

      June 12, 2025

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      Bengaluru (Karnataka) [India], June 12: In a landmark development for India’s energy transition, TruAlt Bioenergy Limited, India’s largest ethanol producer and one of the country’s leading integrated biofuels companies, has been officially granted authorisation as an Oil Marketing Company (OMC). Leveraging its strengths in ethanol and compressed biogas (CBG), TruAlt is now authorised to directly market clean fuels like ethanol and Bio-CNG, along with retailing Motor Spirit (Petrol) and High-Speed Diesel (HSD) across India, marking a strategic entry into the country’s fuel retailing sector.

      As one of the first private biofuel companies in India to receive this authorisation, TruAlt now joins an exclusive league of players licensed to market and retail petroleum products across the country. This recognition affirms the company’s robust manufacturing capabilities and leadership in driving India’s clean energy transition, empowering it to offer a seamless retail experience that integrates both biofuels and conventional fuels.

      TruAlt Bioenergy’s entry into the fuel retail sector is both timely and transformational. Backed by its deep manufacturing strengths in ethanol and Bio-CNG, TruAlt will offer a unique retail experience that blends conventional and renewable fuels under one roof, including petrol, diesel, E93, Bio-CNG, EV charging points and battery swapping facilities. This future-ready model aligns with India’s broader vision for energy security, clean mobility and decentralised fuel access.

      Under its OMC authorisation, TruAlt Bioenergy is committed to ensuring inclusive fuel access by establishing at least 5% of its retail outlets in notified remote areas, advancing the government’s goal of last-mile energy connectivity. In the initial rollout, the company plans to launch over 100 strategically located fuel stations in Karnataka and Maharashtra, creating a robust retail network that will cater to both conventional fuels and next-generation blended alternatives, including ethanol and Bio-CNG. This expansion is expected to generate employment opportunities for over 2,000 people across urban and rural regions, contributing meaningfully to local economies and supporting India’s broader energy transition goals.

      Commenting on the milestone, Vijay Nirani, Managing Director of TruAlt Bioenergy, said, “Securing OMC status marks a defining step in TruAlt Bioenergy’s growth journey. This milestone enables us to directly serve India’s evolving fuel needs while accelerating the shift toward cleaner energy. While our retail network will support conventional fuels, our greater focus will be on integrating biofuels and expanding rural outreach.

      By setting up outlets across high-demand corridors and remote regions, we aim to drive rural development, generate local employment, and help build a more inclusive and sustainable energy infrastructure for the country. Farmers have always been at the heart of our model. By sourcing agri-residue and biomass directly from rural communities, we are creating value at the grassroots while powering clean energy solutions like ethanol and Bio-CNG. Through this circular approach from farm to fuel and back to farm, we are returning health to the soil and wealth to the farmer, making sustainability economically empowering.” As a vertically integrated player, TruAlt Bioenergy commands a 7% market share in molasses-based ethanol and 3.7% in overall ethanol supply, making it a key pillar of India’s Ethanol Blending Programme (EBP). With rapid expansion underway in compressed biogas (CBG) production, the company is also poised to become one of the largest Bio-CNG producers in the country, further strengthening its leadership in the clean fuels segment.

      This milestone comes at a time when India’s fuel economy is undergoing a structural transformation driven by rising energy consumption, expanding mobility, and a decisive national shift toward cleaner alternatives. In FY 2024–25, the country recorded its highest-ever petroleum product consumption at 239.5 million metric tonnes (MMT), led by 7.5% growth in petrol, 8.9% in aviation turbine fuel (ATF), and steady gains in LPG and diesel. Over the past decade, petrol consumption has grown at a CAGR of 7.7%, reflecting the surge in personal mobility. The diesel-to-petrol ratio has dropped from 3.6 to 2.3, underscoring a clear shift in consumer preferences and offering a major inflexion point for next-generation fuel retail.

      “With over 2.5 crore cars sold annually, surpassing the population of many countries, India's appetite for mobility is growing at an extraordinary pace. This is our moment to shape a retail network that fuels today’s growth while powering the transition to a cleaner, more intelligent, and purpose-driven mobility ecosystem,” Nirani further added.

      India’s biofuel programme is also gaining scale at an unprecedented pace. Ethanol blending in petrol has surged to 18.4% in the current ethanol supply year (ESY 2024–25), with a record 19.7% blending achieved in February 2025, bringing the country within striking distance of its 20% target. This rapid progress is opening up new opportunities for companies with integrated biofuel capabilities, especially as flex-fuel vehicles and E20-ready infrastructure become mainstream.

      In line with its strategy to move up the biofuels value chain and tap into high-growth global markets, TruAlt Bioenergy is actively advancing its entry into Sustainable Aviation Fuel (SAF) production and intends to set up a facility with an annual capacity of 10 crore litres. This is likely to position the company as one of the world’s largest producers of SAF from ethanol, while also placing India at the forefront of global sustainable aviation efforts.

      About TruAlt Bioenergy Limited: TruAlt Bioenergy Limited is one of India’s largest and most forward-looking biofuel producers, playing a pivotal role in the country’s transition toward clean and sustainable energy. Positioned as a diversified leader in the bioenergy sector, the company operates five distilleries based on sugarcane juice and molasses, with a combined ethanol production capacity of 2,000 KLPD, making it the largest ethanol producer in India.

      TruAlt is also among the early adopters of Compressed Biogas (CBG) under the Government of India’s SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. Through its subsidiary, Leafiniti Bioenergy Private Limited, the company operates CBG plants, which also generates solid and liquid fermented organic manure (FOM) as by-products supporting circular agriculture and waste-to-energy innovation.

      With its integrated biofuels platform, strategic infrastructure and a commitment to rural value creation, TruAlt Bioenergy is shaping the next phase of India’s green energy landscape delivering scale, sustainability, and inclusive growth.

      For more information or media enquiries, please contact: • Ms. Shivaaneey Rai, TruAlt Bioenergy +91-9545850823 / [email protected] (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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