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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
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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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Netanyahu defends new military offensive in Gaza and says it will be wider than announced

August 11, 2025

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Jerusalem, Aug 10 (AP) Israeli Prime Minister Benjamin Netanyahu on Sunday defended a new military offensive in Gaza that is more sweeping than previously announced, declaring in the face of growing condemnation at home and abroad that Israel “has no choice but to finish the job and complete the defeat of Hamas.” Even as more Israelis express concern over the 22-month war, Netanyahu said the security Cabinet last week instructed the dismantling of Hamas strongholds not only in Gaza City but also in the “central camps” and Muwasi. A source familiar with the operation, who spoke on condition of anonymity because they were not authorised to talk to the media, confirmed that Israel plans it in both areas.

The crowded camps — sheltering well over a half-million displaced people, according to the UN — had not been part of Israel's announcement on Friday. It was not clear why, though Netanyahu faced criticism this weekend within his ruling coalition that targeting Gaza City was not enough. Netanyahu said there would be “safe zones," but such designated areas have been bombed in the past.

Netanyahu spoke with Trump about plan Netanyahu's office late on Sunday said he had spoken with US President Donald Trump about the plan and thanked him for his “steadfast support.” Rejecting starvation in Gaza as well as a “global campaign of lies," Netanyahu spoke to foreign media just before an emergency meeting of the United Nations Security Council, a platform for outrage but little action on the war.

“Our goal is not to occupy Gaza, our goal is to free Gaza,” Netanyahu asserted.

Netanyahu said there is a “fairly short timetable” for next steps there, but did not give specifics. The goals, he said, include demilitarising the territory, the Israeli military having “overriding security control” and a non-Israeli civilian administration in charge.

Israel wants to increase the number of aid distribution sites in Gaza, he said, but in a later briefing to local media, he asserted, “There is no hunger. There was no hunger. There was a shortage, and there was certainly no policy of starvation." Netanyahu also said he has directed Israel's military to “bring in more foreign journalists” — which would be a striking development, as they have not been allowed into Gaza beyond military embeds during the war.

He again blamed many of Gaza's problems on the Hamas militant group, including civilian deaths, destruction and aid shortages. “Hamas still has thousands of armed terrorists," he asserted, adding that Palestinians are “begging” to be freed from them.

Hamas responded with a lengthy statement that summed up Netanyahu's remarks as “blatant lies.” The United States defended Israel, saying it has the right to decide what is best for its security. It called allegations of genocide in Gaza false.

The US has veto power at the council and can block proposed actions there.

Other council members, and UN officials, expressed alarm. China called the “collective punishment” of people in Gaza unacceptable. Russia warned against a “reckless intensification of hostilities.” “This is no longer a looming hunger crisis; this is starvation,” said Ramesh Rajasingham with the UN humanitarian office. “Humanitarian conditions are beyond horrific. We have frankly run out of words to describe it.” Israel faces growing action even by its closest allies. Netanyahu said Chancellor Friedrich Merz of Germany had “buckled under” the growing international criticism by stopping exports of military equipment to Israel that could be used in Gaza. Merz, for his part, told public broadcaster ARD that Germany and Israel were talking “very critically” but Berlin's overall policies of friendship have not changed.

More Palestinians killed as they seek aid At least 31 Palestinians were killed while seeking aid in Gaza, hospitals and witnesses said. The Associated Press spoke to witnesses of gunfire in the Israeli-controlled Morag and Netzarim corridors and the Teina area in the south. All accused Israeli forces of firing at crowds trying to reach food distributions or waiting for convoys.

Fifteen people were killed while waiting for trucks near the Morag corridor that separates the southern cities of Rafah and Khan Younis, according to Nasser hospital.

The situation is a “death trap,” said Jamal al-Laweh, who said Israeli forces opened fire there. “But I have no other choice to feed the kids.” Six were killed while waiting for aid in northern Gaza near the Zikim crossing, according to Gaza's Health Ministry and Shifa hospital.

In central Gaza, witnesses said they heard warning shots before fire was aimed toward crowds trying to reach a distribution site operated by the Israeli-backed and US-funded Gaza Humanitarian Foundation. The AP could not independently confirm who fired. Awda hospital said four people were killed by Israeli gunfire.

Six other aid-seekers were killed while trying to reach GHF sites in Khan Younis and Rafah, Nasser hospital said.

The GHF sites opened in May as an alternative to the UN-run aid system, but operations have been marred by deaths and chaos.

Responding to AP inquiries, the GHF media office said: “There were no incidents at or near our sites today.” Israel's military said there were no incidents involving troops near central Gaza aid sites.

Hunger death toll among children hits 100 Israel's air and ground offensive has displaced most Palestinians and pushed the territory toward famine. Two Palestinian children died of malnutrition-related causes on Saturday, bringing the toll among children to 100 since the war began.

At least 117 adults have died of malnutrition-related causes since June, when the ministry started to count them.

The hunger toll is in addition to the ministry's war toll of 61,400 Palestinians. The ministry, part of the Hamas-run government and staffed by medical professionals, does not distinguish between fighters or civilians, but says around half of the dead have been women and children. The UN and independent experts consider it the most reliable source on war casualties.

Labour strike urged in Israel over looming offensive Hostages' relatives have urged a labour strike in Israel next week over the plans to expand military operations, fearing it will endanger their loved ones. Fifty hostages remain after being taken in the Hamas-led attack on October 7, 2023, that sparked the war. Twenty are believed to be alive.

Dozens of people sat outside the US consulate in Jerusalem to protest Israel's offensive. “I think it's a horrible decision. It's like deciding that we don't want (hostages) alive anymore,” said one, Milly Rothschild. (AP) RUK RUK

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