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    Curis Lifesciences Charts a New Growth Path with Uninova, Export Markets and Branded Pharma Expansion
    IBC @ Crossroads: A Decade of Evolution, The Road Ahead
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on official visit to Canada and USA from 25th August to 2nd Septemb...
    UPI Completes 10 Years of Digital Payments Revolution- Globally Recognised as World’s Largest Real‑Time Payment System
    PROVISIONAL ESTIMATES OF SERVICE PRODUCER PRICE INDICES (BASE YEAR 2022-23) FOR Q1 OF FY 2026-27 AND FINAL INDICES FOR Q4 OF FY 2025-26.
    Minister of State for Commerce and Industry and Electronics & Information Technology Shri Jitin Prasada on Official Visit to Morocco.
    Rupee falls 3 paise to close at 95.74 against US dollar
    HSBC INDIA OPENS NEW BRANCH IN NASHIK TO SUPPORT WEALTH EXPANSION
    Commerce and Industry Minister Shri Piyush Goyal Leads A 200-Member Business Delegation to Japan.
    CBN busts inter-state heroin syndicate in ‘Op Black Hawk’; seizes over 18.6 kg crude heroin - Three members of inter-state trafficking network arr...
    Bank unions threaten nationwide strike on Sep 11 to press for 5-day banking, other demands
    Goyal says India negotiating FTAs with 8-9 more blocs, aims to cover 75 pc of global trade
    Rupee rises 7 paise to 95.64 against US dollar in early trade
    Woman passenger from Sharjah held with undeclared gold chain at Ahmedabad airport
    Delhi: Retired railway employee put under 'digital arrest', duped of Rs 30 lakh; one held
    CPI(M) accuses ED of ‘politically targeting’ Pinarayi Vijayan in CMRL case
    ED arrests ex-Andhra minister K Nageswara Rao in liquor transport 'scam'
    Orris Infrastructure MD Amit Gupta arrested in cheating case
    In a knot: Surat weaving units take voluntary two-day holiday as yarn prices shoot up
    Canada will impose retaliatory tariffs on US goods beginning Sept 8 as trade negotiations collapse
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August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions pressured the rupee as dollar strength, crude concerns and geopolitical uncertainty shaped narrow USD/INR trading.
Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.
August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.
August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
Retaliatory tariffs are set to escalate bilateral trade restrictions after the United States imposed tariffs of up to 50 per cent on specified Canadian imports. Canada proposes dollar-for-dollar countermeasures covering sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Section 338 of the Tariff Act of 1930 is invoked as the legal basis for the United States measures, permitting presidential import duties up to 50 per cent without a prior investigation or prescribed maximum duration. Escalation creates uncertainty for supply chains and renewal of the United States-Mexico-Canada Agreement.

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Customs & Trade

Trump wraps up UK state visit with gratitude for his hosts while largely sidestepping tough issues

September 19, 2025

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Aylesbury (UK), Sep 18 (AP) President Donald Trump said Thursday that he was “tremendously thankful” for the pageantry and splendour lavished on him during his second state visit to the United Kingdom as he wrapped up a trip that largely sidestepped major public disagreements over difficult trade and geopolitical issues.

The mutual warmth, along with Trump's abundance of kind words bestowed on the host country, suggested that an all-out charm offensive by the royal family and British Prime Minister Keir Starmer had its desired effect, even though there was a notable lack of progress on some key matters.

Trump and Starmer signed what both sides hailed as a historic agreement on science and technology, and they held a roundtable with global business leaders where they suggested the deal could mean significant job gains. Among the topics tackled mostly in private talks between Trump and Starmer were the wars in Ukraine and Gaza and US tariff rates on steel imported from Britain.

"The bond between our countries is like no other anywhere in the world,” Trump said at a news conference at Chequers, a 16th-century manor house northwest of London that serves as a rural retreat for British leaders. The US and UK, the American president said, have “done more good for the planet than any other nation in history”.

Joining in the bonhomie, Starmer said "time and time again, it is British and American men and women, side by side, changing the path of history and turning it towards our values, towards freedom, democracy and the rule of law.” The mutual admiration followed King Charles III and Queen Camilla's feting of Trump and first lady Melania Trump at Windsor Castle on Wednesday with all the pomp the monarchy can muster, including the biggest military honour guard ever assembled for a state visit.

Trump called the king and queen “two fantastic people" and said he was" “tremendously thankful” and “grateful beyond words" for the hospitality.

Even high-profile points of dissent, such as Britain's impending move to recognize a Palestinian state, stayed cordial. “I have a disagreement with the prime minister on that score,” Trump said, adding that "it's one of our few disagreement, actually.” When Trump was asked about his lack of progress in brokering a deal to end Moscow's war in Ukraine and he acknowledged that Russian President Vladimir Putin has ”let me down," Starmer escalated the flattery a notch. The prime minister said he and Trump had discussed how to "decisively increase the pressure on Putin” and that Trump had “led the way here.” There was disagreement, too, over immigration policy.

Trump urged Britain to take a harder line and insisted he had made clear to Starmer that when too many people enter illegally, it “destroys countries from within." Still, when Starmer sharply criticised Hamas, Trump reached over from his podium and slapped the prime minister on the back in support.

At an earlier signing ceremony for the agreement meant to promote tech investment, Starmer referred to the Republican president as “my friend, our friend” and spoke of “leaders who respect each other and leaders who genuinely like each other.” The Trumps' final day in Britain began by bidding farewell to the king and queen at Windsor Castle and flying by helicopter to Chequers for more spectacle: a ceremonial honor guard with bagpipers, in a nod to Trump's Scottish heritage, and a parachute demonstration. He also was shown the archive of wartime leader Winston Churchill, who coined the term “special relationship” for the bond between the allies.

It's something Trump's British hosts have stressed repeatedly, almost 250 years after that relationship endured a rocky start in 1776.

To coincide with the visit, Britain said US companies had pledged 150 billion pounds ($204 billion) in investment in the UK, including 90 billion pounds ($122 billion) from investment firm Blackstone in the next decade. Investment will also flow the other way, including almost $30 billion by pharmaceutical firm GSK in the US.

UK officials say the deal will bring thousands of jobs and billions in investment in artificial intelligence, quantum computing and nuclear energy. It includes a UK arm of Stargate, a Trump-backed AI infrastructure project led by OpenAI, and a host of AI data centres around the UK American companies are announcing 31 billion pounds ($42 billion) in investment in the UK's AI sector, including $30 billion from Microsoft for products including Britain's largest supercomputer.

British officials said they have not agreed to scrap a digital services tax or water down internet regulation to get the deal, some details of which have yet to be announced.

There was less movement on tariffs.

In May, Starmer and Trump said they had agreed to reduce US tariffs on Britain's key auto and aerospace industries. Talks on lowering duties on steel and aluminum to zero from their current level of 25% have stalled even with a promise four months ago of a settlement within weeks.

The British government has grown increasingly critical of Israel's conduct in Gaza and the suffering of Palestinian civilians. Starmer said the situation was “a humanitarian catastrophe” as he acknowledged a divide with the president on recognising a Palestinian state.

While the prime minister has played a major part in European efforts to shore up US support for Ukraine, Trump's visit offered few major advancements, Trump has expressed frustration with Putin, but has not made good on threats to impose new sanctions on Russia. The king, in his state banquet speech Wednesday night, offered Trump a gentle nudge, noting “as tyranny once again threatens Europe, we and our allies stand together in support of Ukraine, to deter aggression and secure peace”.

It seemed like questions about Jeffrey Epstein would dog Trump throughout the trip, especially given that his visit began days after Starmer fired Britain's ambassador to the US, Peter Mandelson, over the envoy's past friendship with the convicted sex offender, who authorities say killed himself in 2019.

But Trump largely avoided the issue. Police did arrest four people over a stunt that saw an image of Trump and Jeffrey Epstein projected on a tower at Windsor Castle.

Asked about Mandelson during the news conference, Trump said only that he did not know the former ambassador, despite photographs showing the pair together in the Oval Office. (AP) SCY SCY

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