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    IDFC FIRST Bank successfully accesses international debt capital markets with maiden US$500 million bond issuance
    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
    QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises
    ED raids SP leader Azam Khan's Trust and university in UP
    Rupee rises 1 paisa to 95.73 against US dollar in early trade
    CCI approves acquisition of 23% equity shareholding of TM International Logistics by Tata Steel Ltd
    CCI approves acquisition of additional shareholding of Acko Technology & Services Pvt Ltd. by General Atlantic Singapore ACK Pte. Ltd
    Union Minister of Commerce & Industry Shri Piyush Goyal invites Japanese businesses to deepen investments and partnerships in India
    Department of Commerce Organises Awareness Session on EU CBAM Regulations for Exporters
    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
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    India-UK trade agreement to benefit Haryana's industries and services sector: CM Saini
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    CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company by Prudential Corporation Holdings
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August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
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Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
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India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
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Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.
August 18, 2026
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Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
August 18, 2026
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Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
August 18, 2026
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Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
August 18, 2026
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Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
August 18, 2026
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Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
August 18, 2026
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Foreign remittance certification due diligence faces nationwide verification targeting shell entities, their controllers, and certifying professionals.
Nationwide verification of suspicious outward foreign remittances targets entities with little or no reported business activity, their controllers, and professionals issuing tax determination certificates. Scrutiny concerns remittances disproportionate to reported turnover, inconsistent with stated purposes, or linked to entities not operating from declared addresses. Form 15CB, or Form 146 under the corresponding framework, requires certifying accountants to assess taxability from books of account and relevant records, supporting tax deduction at source and treaty compliance through due care, diligence and professional judgment.
August 18, 2026
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Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.

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News and Press Release

India Marks Three Years of National Logistics Policy: Transforming India’s Supply Chain Ecosystem

September 16, 2025

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Unified Logistics Interface Platform Facilitates Over 160 Crore Transactions, Enhancing Real-Time Visibility Across 101 Inland Container Depots

LEADS Index and Sectoral Policy for Efficient Logistics Propel India’s Rise in Global Logistics Performance and Sustainable Growth

Government Strengthens Multimodal Transport and Green Logistics with Development of Multi-Modal Parks, Skill Initiatives, and Emission Measurement Tools

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, commemorates the third anniversary of the National Logistics Policy (NLP), launched by the Prime Minister Shri Narendra Modi on 17th September 2022. Over the past three years, NLP has catalysed reforms across the logistics ecosystem, driving improvements in digital integration, skill development, policy alignment, and infrastructure planning. These initiatives have contributed significantly to enhancing efficiency and reducing logistics costs across domestic and international supply chains.

Aligned with the PM GatiShakti National Master Plan, the National Logistics Policy focuses on strengthening soft infrastructure, advancing digitization, fostering human resource development, and enabling regulatory reforms. Its key objectives are to reduce logistics costs to global benchmarks, improve India’s ranking in the Logistics Performance Index (LPI) to the top 25 by 2030, and establish a robust, data-driven decision support system to ensure an efficient and integrated logistics ecosystem.

Key achievements under the National Logistics Policy (2022–2025) includes the Unified Logistics Interface Platform (ULIP) which has facilitated secure API integration across more than 30 digital systems, enabling over 160 crore digital transactions as of August 2025. The Logistics Data Bank has tracked over 75 million EXIM containers across 101 Inland Container Depots (ICDs), providing real-time visibility and streamlining logistics operations.

The Logistics Ease Across Different States (LEADS) index assesses logistics performance across States and Union Territories. The 2024 edition introduced new parameters such as corridor access and terminal speed, while the 2025 edition expanded to include digital logistics and sustainability metrics. LEADS has played a crucial role in supporting India’s rise to the 38th position in the World Bank’s Logistics Performance Index.

The Logistics Excellence, Advancement, and Performance Shield (LEAPS) initiative recognizes innovation in logistics by MSMEs, startups, and academia, while promoting green logistics and Environmental, Social, and Governance (ESG) practices. Additionally, DPIIT is conducting a logistics cost assessment in partnership with the National Council of Applied Economic Research (NCAER) to develop actionable strategies for cost reduction.

DPIIT’s collaboration with NCAER, initiated in 2024, has led to a systematic, data-driven assessment of logistics costs. Now in its final stages, this study is expected to provide actionable insights to inform policy planning and optimize logistics expenditures.

Large-scale Multi-Modal Logistics Parks (MMLPs) are being developed to enhance multimodal transport by integrating services such as customs clearance, cold storage, and packaging. Efforts are underway to harmonize planning and implementation under a unified framework involving multiple agencies.

To improve digital integration and ease of doing business, an institutional mechanism called the Service Improvement Group (SIG) was established to address policy and regulatory issues. The E-Logs portal has onboarded more than 35 logistics and industry associations, and has successfully resolved 100 out of 140 issues submitted by stakeholders.

In pursuit of green and sustainable logistics, the Indian Institute of Management Bangalore developed the Transportation Emissions Measurement Tool (TEMT), a cloud-based platform aligned with ISO 14083 standards. The National Logistics Policy also encourages logistics service providers to adopt green practices and renewable energy solutions.

Skill development and capacity building have received significant focus, with over 100 universities and institutes now offering logistics-related courses. The Centre of Excellence for City Logistics at SPA Bhopal has trained more than 100 officials, while over 65,000 professionals have been trained between 2023 and 2025 with new qualification packs approved. Furthermore, a Memorandum of Understanding with GatiShakti Vishwavidyalaya has facilitated the launch of undergraduate and postgraduate logistics programs. Over 250 workshops have been conducted for government officials, complemented by digital courses available on the iGoT platform.

The Sectoral Policy for Efficient Logistics (SPEL) aims to create resilient, sector-specific logistics frameworks tailored to industries such as coal, cement, steel, food processing, and pharmaceuticals. SPEL promotes multimodal transport, cost reduction, and data-driven decision-making. To date, the Coal Logistics Policy and Integrated Coal Logistics Plan have been notified, the Cement SPEL finalized, and draft plans for steel, fertilizer, and food processing sectors are underway.

DPIIT, in collaboration with GIZ, has initiated a study to improve women’s participation in the logistics sector. Key findings and recommendations from this study are currently under review to promote gender inclusion and empower women in logistics.

Under the National Logistics Policy, DPIIT has issued guidelines for preparing City Logistics Plans (CLPs) aimed at reducing traffic congestion, pollution, and logistics costs while enhancing urban freight efficiency. These guidelines are being integrated into State Action Plans and State Logistics Policies.

To strengthen logistics at the regional level, twenty-seven States and Union Territories have formulated State Logistics Policies, with fourteen States preparing Logistics Action Plans. Nineteen States have granted industry status to logistics, enabling tax benefits and incentives. Policies in nine States are presently in draft stages, with ongoing efforts to ensure their timely finalization.

While significant progress has been made, challenges remain in addressing infrastructure gaps, regulatory harmonization, and improving digital literacy among smaller logistics operators. Enhanced coordination between States, Union Territories, and Central Ministries is critical to achieving seamless multimodal integration. The Government remains committed to overcoming these challenges through the ‘Whole of Government’ approach under PM GatiShakti, supported by active stakeholder engagement, public-private partnerships, and innovative financing mechanisms.

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