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August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.
August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
August 12, 2026
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Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
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Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.

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Through their eyes: Donald Trump and his actions, as seen by leaders from around the world

September 28, 2025

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United Nations, Sep 28 (AP) Regardless of political perspective, no one could argue that the presidency of Donald Trump — and his second term so far in particular — has been anything less than consequential, not only for the United States but for the world.

That hasn't gone unremarked-upon at the UN General Assembly's meeting of world leaders, to whom Trump spoke Tuesday. In marquee speeches and other settings, many of them have mentioned Trump and his policies, be it obliquely or directly.

Here's a sampling of quotes by leaders and luminaries from around the world this past week at the United Nations talking about Trump and his administration — positive, negative and in between.

FRANCE “Guess what? I'm waiting in the street because everything is frozen for you! ... I would love this weekend to have a short discussion with Qatar and you on the situation in Gaza.” — French President Emmanuel Macron in a phone call to Trump after encountering a road closure because of the US president's motorcade.

CHINA “A major cause of the current global economic doldrums is the rise in unilateral and protective measures, such as tariff hikes and erection of walls and barriers. We should collaborate more closely to identify and expand convergence of interests, promote universally beneficial and inclusive economic globalisation, and help each other succeed by moving forward in the same direction.” — Chinese Premier Li Qiang in his General Assembly speech.

ARGENTINA “President Trump of the United States also understands that the time has come to reverse a dynamic that is leading the United States towards a disaster, and we know that a disaster in the United States is a global disaster. His unflinching and successful policy in terms of halting illegal immigration makes that conviction more than clear. ... What Donald Trump is also doing is restructuring the terms of international trade in unprecedented fashion. ... Furthermore, he's instituting a cleanup of the institutional capture of the American state.” — Argentine President Javier Milei in his General Assembly speech.

BOLIVIA “We have a third cause of the current wars, which is more immediate. That is the obsessive zeal of the new Trump administration to give the United States back its position as a hegemonic power, at the cost of the liberal system, free trade, globalisation, and to cause pain and death. For what? To take ownership over natural resources, to take control over commodities for the benefit of an imperial system, and to subordinate the majority of countries for their insatiable thirst for privilege and wealth, and to try to maintain a unipolar order at any cost.” — Bolivian President Luis Arce in his General Assembly speech.

UKRAINE “Yesterday, we had a good meeting with President Trump, and I also spoke with many other strong leaders, and together, we can change a lot.” — Ukrainian President Volodymyr Zelenskyy in his General Assembly speech.

RUSSIA “In the approaches of the current US administration, we see a desire not only to contribute to ways to realistically resolve the Ukrainian crisis, but also a desire to develop pragmatic cooperation without adopting an ideological stance.” — Russian Foreign Minister Sergey Lavrov in his General Assembly speech.

INDIA "If climate action itself is questioned, what hope is there for climate justice?” — Indian Foreign Minister Subrahmanyam Jaishankar.

ARMENIA “The role of United States President Donald Trump is decisive in this (Armenia-Azerbaijan) peace process, whose dedication, consistency and principledness made possible what seemed to be impossible.” — Armenian Prime Minister Nikol Pashinyan in his General Assembly speech. Azerbaijani President Ilham Aliyev also thanked Trump for his role in the peace initiative and “for opening a new chapter in the US -Azerbaijan relationship.

CAMBODIA “We are grateful that a ceasefire (with Thailand), brokered by US President Trump, effectively halted armed clashes.... However, the ceasefire remains very fragile.” — Cambodian Deputy Prime Minister Sokhonn Prak in his General Assembly speech. Thai Foreign Minister Sihasak Phuangketkeow also saluted “President Trump's strong dedication to peace” while calling the ceasefire “fragile.” SLOVENIA “States are withdrawing from the Paris climate agreement, from the Ottawa treaty and from U.N. agencies, or simply cutting their financing. Each such act chips away at the support for multilateralism, a system designed not for the powerful few, but for the benefit of us all.” — President Natasa Pirc Musar of Slovenia in her General Assembly speech. (The US has withdrawn from the Paris accord and from multiple UN agencies. The US never signed onto the Ottawa Convention against antipersonnel land mines; some other countries are withdrawing from it.) BELARUS “The actions of the United States of America to reduce its support to the UN, which has already caused plans to cut staff in our organisation, are a very unpleasant wake-up call. But you'll have to agree that if the UN is able to be an impartial forum and move with the times, it will be in demand by everyone.” — Foreign Minister Maxim Ryzhenkov of Belarus in his General Assembly speech.

CONGO “I applaud, in this regard (the Congo-Rwanda peace deal ) the leadership of President Donald Trump.” — President Felix Tshisekedi of Congo in his General Assembly speech. Rwandan Foreign Minister Olivier Nduhungirehe also credited “strong leadership” from Trump and Qatari Emir Sheikh Tamim bin Hamad Al Thani.

HAITI “I also must thank President Trump's administration for the efforts made to bring support and resources to our common fight against gangs, the enemies who threaten both Haiti and the whole region.” — Laurent Saint-Cyr, head of Haiti's transitional presidential council, in his General Assembly speech.

SAINT KITTS AND NEVIS “We recognize the serious threats posed by drug trafficking and other transnational crimes. These scourges must be addressed through cooperation, dialogue respect for sovereignty and the full respect for the principles of international law....We encourage dialogue between our two friends — the Bolivarian Republic of Venezuela and the United States of America — to ensure that our region remains a zone of peace.” — Prime Minister Terrance Drew of Saint Kitts and Nevis.

COLOMBIA “Was it really necessary to bomb unarmed, poor young people in the Caribbean? The anti-drug policy is not meant to stop cocaine that is coming to the United States. The anti-drug policy is to dominate the peoples of the South as a whole.... And there should be criminal cases against those officials of the United States for doing this, including the the utmost official, President Trump, who allowed the shooting of missiles against these young people who were simply trying to escape poverty.” — Colombian President Gustavo Petro in his General Assembly speech.

SOUTH KOREA “It would be fantastic if (Trump and North Korean leader Kim Jong Un) met with each other in the near future. And (South Korean) President Lee Jae Myung made it clear to President Trump that he will not be sitting in the driver's seat. He asked President Trump to become a peacemaker, and he relegated himself to become a pacemaker. We don't mind. On the contrary, we want President Trump to exercise his leadership to pull North Korea to dialogue table.” — South Korean Foreign Minister Cho Hyun, in an interview with the Associated Press.

IRELAND “I call on those who have provided — and who continue to provide — Israel with the means necessary to prosecute its war (in Gaza) to reflect carefully on the implications of their actions and the consequences for the Palestinian people.” — Irish Prime Minister Micheal Martin in his General Assembly speech.

ISRAEL “Thankfully, President Trump's administration is forcefully fighting the scourge of antisemitism, and every government here should follow its lead.” — Israeli Prime Minister Benjamin Netanyahu in his General Assembly speech.

PALESTINIANS “We are ready to work with US President Donald Trump and with the Kingdom of Saudi Arabia and France and the United Nations to implement (a proposal for settling the Israeli-Palestinian conflict).” — Palestinian leader Mahmoud Abbas in his video speech to the General Assembly.

BRAZIL “I think that indeed there was some chemistry there.... I'm going to treat him with the respect that he deserves as the president of the US, and he's going to treat me with the respect that the president of the Federal Republic of Brazil deserves.” — Brazilian President Luiz Inacio Lula da Silva at a press conference at UN headquarters after he and Trump crossed paths in the General Assembly hall. (AP) MPL MPL

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