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September 17, 2026
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Board reappointment validity depends on shareholder-nominated director consent, directorship quorum concerns, and leadership continuity amid listing compliance.
Tata Sons' board approved by majority vote the Executive Chairman's reappointment for a further five-year term after he reconsidered an earlier decision not to seek renewal. Tata Trusts contest the validity of the resolution, maintaining that the Articles of Association require affirmative votes from both Trust-nominated directors and that a dissenting vote renders a chairmanship resolution legally void. They also cite the accepted succession process and unresolved directorship status arising from a general meeting lacking quorum.
September 17, 2026
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September 17, 2026
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Financial services technology interoperability drives new card, digital banking and UPI platforms for banks, fintechs and consumers.
86400 has expanded its financial-services technology portfolio through CardsXT as a Service, a UPI app experience and IBMB, extending its activities across card-programme infrastructure, consumer-facing digital payments and digital banking. CardsXT is intended to let banks and fintechs build, launch and manage card programmes through an integrated offering, with flexibility to develop and scale card products while reducing card-lifecycle technology complexity. The UPI app experience provides a platform developed by 86400 for a more seamless consumer UPI payments experience.
September 17, 2026
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Intergovernmental fiscal coordination will guide deliberations on macroeconomic priorities, agricultural transformation, energy transition, growth measurement, and technology-enabled governance.
The thematic programme covers the macroeconomic outlook, financing agricultural transformation, and financing the energy transition. Background material addresses macroeconomic pathways, private financing, implications of GST 2.0 for States, agricultural markets and marketing, agricultural resilience and sustainable resource use, renewable energy and transmission assets, and carbon capture, utilisation and storage. Further sessions address measurement of growth outcomes and the contribution of new-age technology to good governance.
September 17, 2026
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GST-compliant festive planning helps apparel businesses protect input tax credit, manage price thresholds, inventory, cash flow and peak-season operations.
GST-sensitive festive planning for apparel businesses requires early procurement, phased inventory, supplier reorder commitments and separate stock strategies for the post-Diwali wedding season. Pricing and costing require assessment of the revised GST structure for readymade garments and GST-rate reductions affecting man-made fibres and yarns. Proper purchase documentation is important for protecting input tax credit during high-volume festive transactions. Cash-flow planning, credit limits, return policies, retail staffing, digital campaigns and weekly sell-through monitoring support replenishment and pricing decisions.
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Competitive Tender Conditions: allegations question replacement of a public-sector power project with terms allegedly favouring a single supplier.
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September 17, 2026
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Upper-layer NBFC listing requirements drive Tata Sons' listing process and proposed leadership renewal, subject to shareholder approval.
RBI's refusal to permit Tata Sons to surrender its core investment company registration revives the prospect of a public listing. Classified as an upper-layer non-banking financial company, Tata Sons is subject to a listing requirement whose deadline expired while its deregistration request was under consideration. Its board has agreed to advance the listing process, subject to annual general meeting approval. Any legal challenge to the refusal of deregistration may be pursued by Tata Sons itself rather than directly by the Tata Trusts.
September 17, 2026
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Mandatory listing obligations for upper-layer non-banking financial companies drive leadership continuity planning after deregistration is rejected.
Rejection of Tata Sons' request to deregister as a core investment company leaves it subject to the mandatory listing obligation arising from its upper-layer non-banking financial company classification. The board's majority support for N. Chandrasekaran's third term is linked to maintaining leadership continuity for prospective investors if a public listing proceeds.
September 17, 2026
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Gulfood partnership expands market access for food exporters through global buyer engagement and broader inclusion of emerging enterprises.
APEDA and InD Events Dubai have entered into a memorandum of understanding to support India's participation as Official Partner Country at Gulfood 2027. The partnership is directed at increasing global visibility for India's agricultural and processed food products, connecting Indian exporters with international buyers, and expanding market-access and business-engagement opportunities. Participation will bring together exporters, farmer producer organisations, MSMEs, startups, commodity boards and government institutions through product showcases, curated business-to-business meetings, conferences and industry engagements.
September 16, 2026
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Rupee depreciation continued for a seventh consecutive session, with the currency closing weaker against the US dollar amid overseas dollar strength and foreign fund outflows. Elevated crude oil prices and rising US Treasury yields increased pressure by raising importers' demand for dollars, while positive domestic equity markets limited the decline. Dollar strength reflected expectations of a US interest-rate increase, while domestic equity gains contrasted with net foreign institutional investor equity sales.
September 16, 2026
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Perpetual lease termination and public-premises eviction challenge turns on privity, statutory jurisdiction bar, and interim protection.
Challenges concern termination of Delhi Gymkhana Club's perpetual lease and a show-cause notice seeking eviction. The Government maintains that a member who is not party or privy to the bilateral lease has no personal estate in the land or right to restrain contractual resumption. It also contends that the Public Premises (Eviction of Unauthorised Occupants) Act bars civil-court eviction proceedings and injunctions against estate-officer action. The challengers seek a stay or status quo, arguing that the notice prematurely assumes valid lease termination.
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Lawful vehicle repossession requires contractual notice, due process, and safeguards against force, stealth, harassment, and arbitrary recovery methods.
Vehicle repossession by banks and non-banking financial companies must be lawful and fair despite contractual self-help repossession rights. Lenders and recovery agents must not use force, stealth, intimidation, harassment, or arbitrary methods. Legally valid repossession clauses must provide notice periods, lawful possession procedures, a final repayment opportunity, and sale or auction processes. Financial institutions must ensure recovery-agent compliance and prevent unlawful dispossession of borrowers from hypothecated vehicles.
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Raw-material security and import-duty reform are urged to strengthen ferro-alloy competitiveness amid expanding steel demand.
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September 16, 2026
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Free trade agreement tariff liberalisation expands market access through phased concessions, services mobility pathways, safeguards, and investment commitments.
The free trade agreement grants duty-free access across all New Zealand tariff lines for Indian exports and provides Indian tariff liberalisation for a substantial share of New Zealand goods, while preserving exclusions for sensitive dairy, agricultural, industrial and other specified products. It provides duty-free entry, phased levy reductions, and quota-based concessions with minimum import price and other safeguards for identified goods. New Zealand also commits market access for Indian service suppliers and establishes skilled-employment, student-mobility and post-study work visa pathways.
September 16, 2026
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Expedited criminal trials involving real-estate directors require consolidated case details and safeguards against homebuyer inconvenience.
Supreme Court sought case details from the Enforcement Directorate and Delhi Police to facilitate expeditious criminal prosecution of Unitech directors without causing inconvenience to homebuyers. Protection of purchasers and completion of stalled housing projects remain central concerns. Project revival measures include RERA registration exemption for specified projects to enable stalled homebuyer loan disbursals, scrutiny of loan accounts classified as non-performing, and authority for the Centre-appointed board to raise outstanding funds, sell inventory, and monetise unencumbered assets for completion of housing units.
September 16, 2026
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RCMC exemption for eligible small-value exports reduces upfront registration requirements while preserving compliance for larger consignments.
RCMC or Certificate of Registration is not required, wherever otherwise mandated under the Foreign Trade Policy, 2023, for export consignments with a Free-on-Board value of up to Rs. 3 lakh. Export consignments exceeding that threshold continue to require a valid RCMC or Certificate of Registration wherever applicable. The exemption reduces the initial registration burden for MSMEs, artisans, small businesses, first-time exporters and occasional exporters undertaking eligible small-value exports, including through Postal, Courier, e-commerce and other emerging channels.
September 16, 2026
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Methamphetamine trafficking enforcement enabled coordinated vehicle interceptions, contraband seizures, and arrests under narcotic drug control law.
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September 16, 2026
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Authorised Economic Operator programme advances trusted trade through risk-based customs facilitation, streamlined EMI documentation, and stakeholder-led reforms.
India's Authorised Economic Operator Programme promotes voluntary compliance, supply-chain security, risk-based customs administration and predictable cross-border movement of goods. Compliant trade and logistics entities may receive simplified customs procedures and risk-based facilitation. Proposed process reforms include uniform operating procedures, applicant checklists, single-deficiency processing, time-bound applications, clearer financial-solvency requirements, and strengthened client relationship and validation arrangements. Documentation under the Eligible Manufacturer Importer Scheme has been reduced, supporting lower compliance burdens and a pathway towards higher AEO tiers.
September 16, 2026
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Fraudulent procurement of a second passport allegedly involved false identity records, a false loss report, and overseas travel.
Alleged fraudulent procurement of a second passport arose after a passport had been surrendered in money-laundering-related proceedings. Authorities allege that the individual falsely reported the passport as lost and obtained another passport through false information, including an incorrect address in identity documentation and supporting records. The second passport was allegedly used for international travel. Criminal proceedings concern alleged forged documents, false representations and passport-related offences under the Bharatiya Nyaya Sanhita and the Passports Act.

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Delhi Police busts 'Khilafat' terror module linked to Pakistan, 5 held in multi-state raids

September 11, 2025

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New Delhi, Sep 11 (PTI) The Special Cell of the Delhi Police has busted a Pakistan-handled pan-India terror module plotting to establish "Khilafat" in India by violent means with the arrest of five radicalised men from different states and the seizure of arms, ammunition and bomb-making chemicals in coordinated raids across Delhi, Jharkhand, Telangana and Madhya Pradesh, officials said on Thursday.

In what investigators described as a major counter-terror breakthrough ahead of the upcoming festive season, the arrests have dismantled a pan-India network that was working to create an underground base for jihadist training.

All the accused, led by a 23-year-old postgraduate from Jharkhand, were allegedly planning to acquire land to establish secret training facilities with the ultimate objective of waging "Gazwa-e-Hind" -- a radical Islamist concept envisioning the conquest of India through "jihad".

"The terror operatives were in touch with a Pakistan-based handler who guided them through encrypted social media platforms, radicalising them with extremist content and instructing them to collect weapons, chemicals and ammunition components.

"The group's aim was not just to prepare improvised explosive devices (IEDs) but also to create a self-sustaining ecosystem for manufacturing arms and spreading radical propaganda," Additional Commissioner of Police (Special Cell) Pramod Kushwah told a press conference here.

He said the Special Cell conducted the operation in close coordination with the police forces and anti-terrorism squads of Jharkhand, Telangana, Karnataka, Maharashtra and Madhya Pradesh.

"We have arrested Ashhar Danish alias CEO (23), a resident of Jharkhand's Bokaro and the mastermind of the module, Aaftab Nasir Qureshi (25), a resident of Kalyan in Mumbai, Sufiyan Abubakar Khan (20), a resident of Mumbra in Maharashtra, Mohammed Huzaif Yaman (20), a resident of Narsapur in Telangana and Kamran Qureshi alias Samar Khan (26), a resident of Rajgarh in Madhya Pradesh," Kushwah said.

Police said the coordinated action prevented the expansion of the module and averted possible terror strikes at a time when crowded markets, religious gatherings and public celebrations are expected in the coming weeks.

The group was planning to acquire land for secret terror training to establish a Caliphate with the ultimate objective of Gazwa-e-Hind, police said in a statement.

Danish was arrested from Ranchi. From his rented room, IED-making components and chemical substances were seized. He admitted that he had procured arms, ammunition and explosives in pursuance of a criminal conspiracy to establish a Caliphate through violent means, the statement said.

He further revealed that he was receiving instructions from a Pakistan-based handler and was in constant communication with other module members, police said.

"This plan, if successful, could have provided the group with a physical hub to expand their activities beyond online radicalisation," a source in the Special Cell said.

Sharing details about the arrest, Kushwah said the first breakthrough came on September 9, when a trap was laid near the Theme Park adjoining the Hazrat Nizamuddin railway station in Delhi and two suspects -- Aaftab Qureshi and Sufiyan Khan -- were intercepted while allegedly carrying two semi-automatic pistols (.32-bore) and 15 live cartridges. They were immediately arrested.

"Subsequent raids on September 10 in Ranchi, Thane, Bengaluru, Nizamabad and Rajgarh led to the arrests of the other accused. The most significant seizure was from mastermind Ashhar Danish's rented room in Ranchi, where police found chemicals, ammunition components and equipment for fabricating IEDs.

"Danish reportedly admitted to procuring arms, ammunition and explosives as part of a conspiracy to establish a Caliphate through violent means," the officer said.

Another accused, Mohammed Huzaif Yaman, a pharmacy student, was arrested from Nizamabad. He confessed to conducting experiments related to arms and ammunition under Danish's guidance. Kamran Qureshi, arrested from Rajgarh, revealed that he came into contact with Danish through social media groups, where speeches of clerics such as Tariq Masood, Tariq Jameel, Zakir Naik and Israr Ahmed were circulated to spread extremist propaganda.

Police said they have seized two semi-automatic pistols (.32-bore) and 15 live cartridges, a country-made firearm (.315-bore) and one live cartridge, one air gun (.22-bore), copper sheets, steel hollow pipes, ball bearings, all used in IED fabrication, chemical substances including sulphuric acid, nitric acid, sodium bicarbonate and sulphur powder, laboratory equipment such as weighing machines, beaker sets, safety gloves, respiratory masks and pH value checker, four knives, Rs 10,500 in cash, laptops, mobile phones and electronic circuits with diodes and motherboards.

They described the haul as significant, pointing out that the combination of chemicals, components and technical equipment indicated that the group had already advanced beyond mere planning to actual preparation of explosives.

Sharing profiles, police said born in Bokaro, Danish came from a middle-class family. His father is a practising lawyer and mother a homemaker.

A postgraduate in English from the Silli College in Ranchi, Danish reportedly became radicalised in 2024 after listening to online lectures of Israr Ahmad, a controversial cleric known for advocating Khilafat.

"To disguise his activities from surveillance, Danish created multiple social media profiles portraying himself as a company CEO, professor or NGO operator. He formed social media groups with up to 40 members where discussions revolved around the idea of establishing a Caliphate in India," Kushwah said.

The investigators said Danish personally procured sulphur for making gunpowder and copper plates for manufacturing cartridges. In August, he acquired a bullet and a country-made pistol to study as prototypes for weapons production.

Danish was also the central link connecting the others. He met Aaftab Qureshi and Izhar-Ul-Haq through social media, recruited Yaman via other social media platforms and added several members to radical online groups.

Aaftab Qureshi (25) studied up to Class 10 and assisted at his father's meat shop.

Active on social media, he started consuming radical content in 2020. His association with Danish was primarily online.

Sufiyan Abubakar Khan, 20, worked as a welder in Mumbra, police said. A school dropout after Class 5, he was introduced to extremist ideas by Aaftab Qureshi, who shared radical videos with him. On September 8, he accompanied Aaftab to Delhi to collect arms from a Mewat-based supplier.

Yaman, 20, was a third-year pharmacy student in Telangana, police added. Danish had persuaded him to believe that Muslims were facing "atrocities" in India and that an armed jihad was the solution, police said. He was tasked with learning the process of manufacturing firearms.

Kamran Qureshi alias Samar, 26, worked as a laboratory assistant and typist for advocates. He was introduced to radical social media groups, where he absorbed extremist ideology. He not only contributed funds but was also instructed to recruit more members and help acquire land for terror training.

The officer said the Special Cell was monitoring radicalised youngsters active on social media for months. Danish's activities came under suspicion as he was seen attempting to procure arms and chemicals from Delhi-NCR markets, agro-chemical shops and even online platforms. Discreet physical surveillance was mounted, with advance teams deployed across states.

Kushwah also said the Pakistan-based handler maintained contact with Danish and other module members through encrypted channels, encouraging them to prepare for an armed jihad and giving step-by-step guidance on weapon and IED fabrication.

Further interrogation of the arrested men is underway to trace their funding sources, identify other associates and determine the extent of the Pakistan-based handler's network in India, police added.

The investigators are also probing whether the group had already selected land for training camps and if more people were on the verge of joining it. PTI BM BUN RC

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