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    SC notice to Centre on PIL seeking uniform, time-bound probe for child kidnapping cases
    Chinese electric bike imports surge as Africa's EV investments diversify
    Maharaja & Speedex India Limited IPO Opens on Thursday, September 10, 2026
    IFANOW partners with Appreciate to bring Global Investment Products to its financial advisors and their clients
    Orange Retail Finance Completes RS 50 Crore Listed NCD Issuance; First Tranche of RS 200 Crore Programme Supported by UMI Capital
    Emerging Technologies in Finance: The Imperatives of Purpose, Prudence, and Policy - Keynote Address by Shri Rohit Jain, Deputy Governor, Reserve Bank...
    Rupee falls 25 paise to 95.33 against US dollar in early trade
    NICDC Showcases India’s Next-Generation Industrial Ecosystems at First-Ever INNOPROM India 2026
    Union Minister Shri Jitin Prasada Lays Foundation Stone for BEDF Basmati and Organic Training Centre in Pilibhit
    India to work with BRICS partners to expand opportunities for women-led enterprises in global trade: Union Minister of Commerce and Industry Shri Piyu...
    DRI seizes two leopard pelts; 180 live Indian star tortoises; 12 live tokay geckos; around 24 kg pangolin scales and 500 grams tiger bones
    Alcohol, whey, motorcycles in crosshairs of US import ban on Canada products
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    Court takes cognizance of chargesheet on 'godman' Kharat in money laundering case, summons accused
    CBIC terms GST revenue comparison using compensation cess 'misleading'
    Maharashtra RTOs to accept manual applications to resolve Aadhaar registration mismatch bottlenecks
    ED freezes Urdu daily Akhbar-e-Mashriq's account having Rs 5.25 cr after searches linked to TMC MP
    First INNOPROM.India int'l industrial trade fair being held in Delhi from Sep 9-11: Russian Embassy
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September 10, 2026
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Uniform child kidnapping investigations: PIL seeks prompt FIR registration, specialised procedures, asset measures and speedy trials nationwide.
A public-interest petition seeks a uniform nationwide mechanism for child kidnapping and abduction investigations, including prompt FIR registration, time-bound inquiries, standard questionnaires, special investigation procedures and senior-level investigation. It proposes dedicated courts for speedy disposal and coordinated action against interstate trafficking and illegal-adoption networks. The petition also seeks property assessment and confiscation, use of money-laundering, benami-property and black-money provisions where applicable, and consecutive sentences to deter offenders.
September 10, 2026
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Electric motorcycle adoption depends on local assembly, battery swapping, affordable finance, reliable power, and interoperable infrastructure across African markets.
African electric two- and three-wheeler markets combine imports of Chinese electric scooters for consumer use with commercially focused electric motorcycle ecosystems supported by local assembly, battery swapping, charging, financing and servicing. Battery swapping supports intensive commercial operations by allowing rapid replacement of depleted batteries. However, local production remains dependent on imported motors, controllers and battery cells. Proprietary battery systems and fragmented swapping networks restrict interoperability, manufacturing scale and battery resale value. Wider adoption depends on affordable finance, reliable electricity, adequate infrastructure, predictable policies and standardisation.
September 10, 2026
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Initial public offering opens for SME listing, with fresh proceeds designated for debt repayment, machinery investment, and corporate purposes.
Maharaja & Speedex India Limited proposes an initial public offering of equity shares for listing on the BSE SME platform. The net offer provides allocations for qualified institutional buyers, non-institutional investors, retail individual investors, and a market maker. Net fresh-issue proceeds are intended for repayment or prepayment of company and subsidiary borrowings, capital expenditure on plant and machinery at the subsidiary's existing manufacturing facility, and general corporate purposes.
September 10, 2026
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FEMA-compliant global investment access integrates funds and US equity baskets into advisor workflows through assisted and DIY journeys.
Global investment access is integrated into IFANOW's wealth-management platform through Appreciate's technology infrastructure, enabling advisors and clients to access Global Funds and US Stock Baskets within existing workflows. Assisted and DIY journeys support onboarding, KYC, remittance and investment execution. Appreciate provides infrastructure for execution, payments, distribution, advisory and exchange connectivity through APIs and SDKs. Global investments are facilitated through regulated GIFT City IFSC and FEMA-compliant Liberalised Remittance Scheme routes, with supported banking channels for funding.
September 10, 2026
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Listed NCD funding enables an NBFC's diversified institutional debt strategy and transition to secured retail finance.
Orange Retail Finance India Private Limited completed a listed non-convertible debenture issuance as the first tranche of its listed debt programme. The issuance is part of a broader debt-fundraising plan to diversify funding sources, establish an institutional capital-raising platform and support asset-liability management. It accompanies a transition from legacy two-wheeler lending to secured retail finance focused on gold loans and MSME loan against property in semi-urban and rural markets.
September 10, 2026
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Responsible financial technology requires purpose-led design, proportionate safeguards, accountable governance, and adaptive policy to protect customers and resilience.
Emerging financial technologies should be evaluated by the financial need they address rather than by novelty alone. Their benefits depend on inclusive design choices such as interoperability, common standards and accessibility. Prudence requires safeguards against risks arising from automation speed, concentration in technology dependencies and opacity in advanced models. Institutions remain accountable for customer fairness and risk management despite algorithmic decision-making or third-party technology provision. Policy should apply proportionate governance, validation, oversight and intervention requirements, while allowing controlled experimentation and adaptive supervision to support responsible innovation.
September 10, 2026
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Rupee depreciation amid elevated crude prices increases import-bill and current-account pressures as dollar demand remains persistent.
Rupee depreciation against the US dollar was linked to Brent crude prices exceeding USD 100, persistent dollar demand and concern over India's import bill. India's substantial dependence on crude imports makes sustained oil-price increases a source of pressure on the import bill, current account and rupee. FCNR-related dollar inflows have largely faded, while movement above the 95 USD/INR level generated additional dollar demand and was viewed as technically significant.
September 10, 2026
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Industrial smart cities and digital logistics underpin manufacturing investment, localisation, technology partnerships and India-Russia industrial cooperation.
The National Industrial Corridor Development Programme spans industrial corridors and greenfield industrial smart cities designed as plug-and-play manufacturing ecosystems with serviced land, utilities, ICT infrastructure and multimodal connectivity. India-Russia engagement covers manufacturing investment, technology cooperation, localisation, business matchmaking and possible industrial clusters. NICDC also supports PM MITRA Parks, BHAVYA industrial parks, GIS-enabled industrial land information and digital logistics platforms to improve site selection, container visibility, logistics efficiency and data-driven decision-making.
September 10, 2026
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Basmati and organic export capacity building links seed quality, certification training, and farmer support with market access.
The BEDF Basmati and Organic Training Centre-cum-Demonstration Farm will provide practical support for Basmati cultivation, organic farming and agri-exports. Its activities include demonstrations of notified Basmati varieties, pest and nutrient management, organic inputs and cultivation practices. A Seed Multiplication Centre will produce and multiply breeder, foundation, certified and truthful seed, while maintenance breeding will support varietal purification. Training will cover seed production, organic and bio-input production, organic certification requirements, quality standards, packaging and export procedures, with technical support for farmers, Farmer Producer Organisations and extension workers.
September 10, 2026
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Women-led trade development promotes BRICS cooperation on finance, market access, digital documentation and predictable cross-border business rules.
BRICS cooperation is directed at improving women-led enterprises' access to credit, markets and predictable trade rules. Proposed measures include an invoice-discounting platform responsive to women exporters, a Women's Advancement Fund, a common trade platform, and greater participation in exhibitions, buyer-seller meetings and sector-specific delegations. Electronic trade documents and cross-border online services are envisaged alongside respect for domestic laws. Businesses are encouraged to identify procedural barriers and propose solutions to reduce documentation and improve ease of doing business.
September 10, 2026
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Wildlife trafficking enforcement targets protected species trade through coordinated seizures, arrests, and transfer for action under wildlife protection law.
Intelligence-led enforcement against illegal wildlife trafficking involved six coordinated operations, seizures of protected wildlife and derivatives, and arrests. The operations addressed alleged poaching, possession, transportation, sale and trafficking of leopard pelts, live Indian star tortoises, live tokay geckos, pangolin scales and tiger bones under the Wildlife (Protection) Act, 1972. Recovered articles, apprehended persons and relevant vehicles were transferred to Forest Department officers for investigation and further action.
September 10, 2026
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Import bans on Canadian goods expand trade restrictions to alcohol, whey, molasses and large-engine motorcycles while tariff coverage is revised.
United States import bans on specified Canadian goods are set to apply from September 29, prohibiting most alcoholic beverages, identified whey products, certain molasses products, and motorcycles and mopeds with larger engines. The tariff schedule also removes cement, toilet paper, bedsheets and fishing rods from tariff coverage while adding key products such as steel and aluminium. The measures form part of escalating bilateral trade restrictions and may contribute to reduced consumer choice, supply-chain disruption and retaliatory measures.
September 9, 2026
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Women-led international trade participation requires accessible credit, market access, predictable rules and digital trade platforms across BRICS economies.
Women entrepreneurs and women-led enterprises were identified as requiring improved access to credit, buyers and markets, and predictable business rules for international trade. BRICS cooperation was envisaged through voluntary principles for assessing small exporters, a common international-trade platform, and electronic trade documentation. Financial intermediaries, banks and export-import banks were encouraged to consider trade invoices in lending decisions, while an invoice discounting platform and Women's Advancement Fund were proposed to support women exporters.
September 9, 2026
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Nuclear safeguards noncompliance triggers Security Council referral, escalating oversight of undeclared uranium traces and restricted inspection access.
IAEA Board of Governors referral of Iran to the UN Security Council follows noncompliance with nuclear nonproliferation safeguards arising from failure to cooperate with an investigation into uranium traces at undeclared sites. Iran is called upon to remedy safeguards noncompliance and enable assurances on the non-diversion of nuclear material. Restricted access to affected nuclear sites has also prevented verification of Iran's enriched uranium stockpile. Security Council consideration may permit sanctions or asset freezes, subject to veto power.
September 9, 2026
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Merchandise export growth amid global uncertainty signals strengthening trade performance and expanded trade potential with BRICS partners.
Merchandise export growth is estimated at about 15 per cent for April-August of the fiscal year despite global uncertainty and softening international trade. Potential exists for expanded trade in goods and services between India and BRICS economies. Official August export and import data are scheduled for formal release by the commerce ministry, while both exports and imports recorded growth during April-July.
September 9, 2026
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Money laundering cognizance follows allegations of criminal proceeds being routed through benami accounts and portrayed as legitimate property.
Cognizance of a prosecution complaint for money laundering was taken against the principal accused and co-accused, with summonses issued. The material prima facie indicated generation of proceeds of crime through alleged fraudulent conduct and their projection as untainted property. The alleged mechanism involved benami accounts, use of devotees' identity documents without consent, and routing of funds through bank accounts, a cooperative credit society and family members' accounts. Co-accused were alleged to have aided and abetted the laundering activities.
September 9, 2026
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Comparable GST tax base governs revenue growth calculations, excluding discontinued compensation cess from year-on-year comparisons across different levy structures.
GST revenue growth must be calculated on a comparable tax base using the same levies for both periods. CBIC treats year-on-year growth based on Central GST, State GST and Integrated GST as the appropriate comparison and considers the inclusion of compensation cess from a different levy structure misleading. Compensation cess was discontinued except for tobacco and related products from 22 September 2025, with the remaining tobacco-related cess removed from 1 February 2026. Revenue tables separately display cess, while growth calculations use the corresponding GST tax base.
September 9, 2026
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Aadhaar-registration mismatch resolution permits manual vehicle service applications after identity verification and registration record correction where needed.
Aadhaar-registration certificate mismatches affecting vehicle-related services may be resolved through manual acceptance and processing of applications after verification of identity documents. Where the owner's name or address differs, officials may examine Aadhaar, voter identity card, PAN card or passport, correct the registration certificate, and process vehicle transfers or no-objection certificate applications. Owners may alternatively update Aadhaar details where required by the online system. Relevant documents must be scanned and preserved before subsequent processing.
September 9, 2026
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Money-laundering investigation: searches, seizures and account freezing followed allegations of dubious transactions, bitcoin purchases and inflated newspaper circulation.
Prevention of Money Laundering Act proceedings concerned allegations of dubious account transactions by a newspaper publisher and entities linked to its director. Investigative scrutiny alleged substantial cash deposits, closure of accounts after cash deposits, bitcoin purchases from purportedly tainted sources without identifiable business rationale, and inflation of claimed newspaper circulation to obtain higher advertisement revenue. Searches led to seizure of documents and digital devices, while the publishing company's bank accounts were frozen.
September 9, 2026
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Industrial export promotion supports participation in international trade fair through collective displays, partner meetings, logistics assistance, and market-entry services.
INNOPROM.India International Industrial Trade Fair in New Delhi is scheduled to facilitate trade, technology engagement and commercial cooperation between Moscow-based industrial enterprises and Indian customers. A Moscow collective stand will feature high-technology products and solutions, while participating companies will engage potential customers. Export-support arrangements include funding for exhibit transport and meetings with foreign partners. Wider support includes information, financial, insurance and logistics assistance, as well as digital access to expert advice, analytics, marketplace promotion assistance and online training.

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India’s GCC Growth Holds at 12% in 2025, Tier-2 Cities and Freshers Drive Momentum: foundit Insights Tracker

August 6, 2025

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Bengaluru, 06 August 2025 — Recruitment activity across India rose 19 % year-on-year in July 2025, even as hiring remained flat over the previous quarter and inched down by 2 % month-on-month, according to the latest foundit Insights Tracker (fit). Within this resilient landscape, Global Capability Centres (GCCs) maintained a robust 12 % YoY rise in job postings, confirming India’s position as the world’s favourite location for building high-value global teams. Metro cities, primarily Bengaluru, Hyderabad, Pune, Chennai, Mumbai, and NCR, accounted for a significant 91% of the GCC job share. However, Tier-2 cities such as Kochi, Coimbatore, Ahmedabad, Indore, and Jaipur showed accelerated growth, surging at 21% YoY, reflecting a strategic push towards geographic diversification. Pranay Kale, Chief Revenue & Growth Officer, foundit, said “We’ve seen steady growth in India’s GCC sector this year, especially across IT, Fintech, and Manufacturing. What stands out is the hiring momentum in Tier-2 cities. More freshers are landing jobs right in their hometowns, something we didn’t see a few years ago. Sure, the global IT slowdown has affected the pace a bit, but hiring hasn’t stopped. It’s adapting. And this shift could help build a more balanced and resilient GCC ecosystem in India going forward.” Tier-2 Cities Gain Momentum in GCC Hiring Amid Metro Dominance Metro locations remain central to GCC growth; however, Tier-2 cities are emerging fast, fuelled by strategic investments and improved infrastructure. City Cluster % Share of GCC Jobs YoY Hiring Growth Metros 91% +11% Tier-2 9% +21% IT and Fintech Industries Propel GCC Growth The IT/R&D sector remains the core growth engine, commanding 38% of GCC jobs, followed closely by BFSI/Fintech at 21%. Manufacturing & Engineering also held strong with an 11% job share, highlighting a diverse sectoral spread. Sector % Share of GCC Jobs % Share of GCCs YoY Growth IT / R&D 38% 35% +12% BFSI / Fintech 21% 22% +11% Manufacturing / Engg. 11% 13% +11% BPM 9% 7% +5% Healthcare 6% 4% +8% Automotive 5% 6% +8% Retail 5% 4% +6% Others 5% 9% +3% Entry-Level Professionals Drive GCC Hiring The entry-level segment (0–3 years of experience) led job demand, accounting for 42% of roles. This highlights the strength of India's fresher talent pool, particularly in software engineering, QA, data analytics, and finance operations. Experience Level % Share of GCC Jobs Top Roles 0–3 years 42% Software engineers, support roles, QA testers, data analysts, finance ops 4–6 years 26% Team leads, business analysts, DevOps engineers, automation testers 7–10 years 17% Project managers, solution architects, senior developers, process owners 11–15 years 9% Delivery managers, product heads, domain consultants 15+ years 6% GCC heads, VPs, transformation leaders, strategic advisors Function-Wise Trends Reflect Growing GCC Maturity IT functions remain the most significant driver, comprising 36% of jobs, reflecting sustained digital transformation efforts. The growth in Engineering, Finance & Accounting, and BPM/KPO also signifies broader maturity and diversification. Function % Share of GCC Jobs YoY Growth IT 36% +12% Customer Service (BPM/KPO) 18% +5% Engineering / Production 11% +9% Finance & Accounts 9% +10% Marketing & Communications 5% +6% Senior Management / Strategy 4% +1% HR & Admin 4% +5% What’s driving hiring in July ‘25 Industry trends • Hiring in IT – While Software & Services held flat this month, demand remains solid with a 14% YoY growth, driven by niche skills in AI, cloud, and cyber security. • FMCG was the standout, jumping 11% MoM with a 31% YoY growth, thanks to early festive prep and expansion in Tier-2 markets. • Sectors like Media & Entertainment (1% MoM) and Travel & Tourism (8% MoM) also saw small gains, while Energy (-10%) and Import & Export (-14%) took a sharp dip — likely a mix of global slowdowns and tighter cost controls. Function Trends • IT roles led the way (+5% MoM), continuing their strong run as companies hire full-stack Developers, AI/ML engineers, and data specialists. • Senior leadership hiring was also up 5%, with firms locking in transformation heads ahead of H2 planning. About foundit - APAC & Middle East foundit, formerly Monster (APAC & ME) is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 90 million job seekers across 18 countries in upskilling and connecting them with the right job opportunities. Over the last two decades, the company has been a leader in the world of recruitment solutions and has recently launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring. Additionally, foundit has been recognised as a Great Place To Work, reflecting its dedication to fostering a supportive and dynamic work culture. To learn more about foundit in APAC & Gulf, visit: www.foundit.in | www.founditgulf.com | www.foundit.sg | www.foundit.my | www.foundit.com.ph | www.foundit.com.hk| www.foundit.id (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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