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    India–Nepal Inter-Governmental Sub-Committee on Trade, Transit and Cooperation to Control Unauthorised Trade Meets in New Delhi
    OnEMI Technology Solutions Limited’s Board Approves Fundraise of approximately ₹832 Crore through a Preferential Issue of Securities
    CGST Delhi South officers bust firm in fraudulent availment of ITC involving over Rs. 25.22 crore; proprietor arrested
    Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sep 17 on higher advance tax mop-up
    Protean launches next-generation KYC Onboarding & Reporting Solution at Global Fintech Fest 2026
    Japan's central bank raises benchmark interest rate to 1.25 pc, highest in 31 years
    Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sept 17 on higher advance tax mop-up
    SP Group backs Tata Sons listing, bolstering board's push despite Trusts' opposition
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    India Welcomes Passage of New Zealand Legislation to Give Effect to India-New Zealand FTA
    CCI approves acquisition of certain additional shareholding in Azure Power Global Limited by OMERS Infrastructure Asia Holdings Pte. Ltd.
    CCI approves acquisition of certain equity share capital of Great White Global Pvt Ltd by ISAF III Onshore Fund, India Special Assets Fund III, Specia...
    CCI approves acquisition of three professional cricket franchises: Rajasthan Royals (India), Paarl Royals (South Africa) and Barbados Royals (Barbados...
    India warns that Washington's Russia sanctions bill holds implications for bilateral ties, energy market
    Tata Sons in open revolt: Board reappoints Chandrasekaran, Trusts call it illegal
    Tata Trusts puts Rs 25,000 cr SP Group liquidity plan before Tata Sons board
    Tata turf war spills over: Board reappoints Chandrasekaran, Trusts call it illegal
    Scale up fishing capacity in EEZ, target high-value species for export: Minister to fishermen
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September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
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Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
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Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.
September 18, 2026
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Upper-layer NBFC compliance places Tata Sons on a listing-oriented path emphasising transparency, governance, shareholder visibility, and philanthropic continuity.
Reserve Bank of India rejection of Tata Sons' application to surrender its core investment company registration requires compliance with the upper-layer non-banking financial company regulatory framework. The resulting regulatory path is associated with public listing. Shapoor Mistry supports listing as a means to enhance transparency, shareholder visibility, and corporate governance accountability, while potentially clarifying the holding company's value and supporting a durable flow of value towards charitable activities without compromising Tata's philanthropic mission.
September 18, 2026
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Duty-free market access will cover all covered exports upon entry into force under the bilateral free trade agreement.
Upon entry into force, the India-New Zealand Free Trade Agreement grants duty-free access in New Zealand for 100 per cent of Indian exports, including textiles and apparel, leather and footwear, engineering goods, pharmaceuticals, agriculture, and processed food products. It also provides enhanced preferential access to the Indian market for specified New Zealand exports. The Agreement further covers services, investment, professional, student and youth mobility, and cooperation in agricultural productivity, pharmaceuticals and medical devices, traditional medicine and AYUSH, technology, and trade facilitation.
September 18, 2026
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Competition clearance for additional shareholding acquisition facilitates increased investment in Azure Power's renewable energy business by OMERS Infrastructure.
Competition approval has been granted for a proposed combination involving OMERS Infrastructure Asia Holdings Pte. Ltd.'s acquisition of certain additional shareholding in Azure Power Global Limited from CDPQ Infrastructures Asia Pte. Ltd. Azure Power Global Limited is the parent entity of the Azure group, which establishes and operates renewable energy plants and sells solar power in India.
September 18, 2026
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Competition approval for interconnected acquisitions enables shared equity acquisition in Great White and sole control acquisition in ITVIS.
Competition-law approval covers an interconnected combination involving acquisition of 50% of Great White Global Private Limited's issued and paid-up equity share capital by EAAA Acquiring Entities and the Continuing Promoter group, through inter-connected steps using an acquisition special purpose vehicle that will merge into Great White. The combination also includes Mr. Mehul Shah's acquisition of sole control over ITVIS Innovations Private Limited.
September 18, 2026
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Competition approval for acquiring three Royals franchises covers cross-border professional cricket franchise ownership interests and related transaction arrangements.
Competition Commission of India granted competition approval for the proposed combination involving Westview Cricket Limited and Poonawalla Sports and Fitness Private Limited acquiring the Rajasthan Royals, Paarl Royals and Barbados Royals professional cricket franchises. The franchises operate respectively in India, South Africa and Barbados, with Rajasthan Royals participating in the Indian Premier League T20 cricket tournament organised by the Board of Control for Cricket in India.
September 17, 2026
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Sanctions bill permits punitive tariffs on oil and gas trading partners, raising energy-market and bilateral relationship concerns.
United States sanctions bill concerning Russia would authorize the President to impose sanctions on Russia and punitive tariffs of up to 100 per cent on nations importing Russian crude oil. The tariff mechanism may affect oil and gas trading partners, bilateral relations and global energy markets, with concern expressed over its implications for energy trade.
September 17, 2026
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Secondary sanctions on Russian energy trade could expose major crude importers to punitive tariffs and economic pressure.
Congressional legislation targeting Russia and Iran would authorise sanctions against Russia's leadership, energy sector, and vessels facilitating evasion of oil-delivery restrictions. It would also permit punitive tariffs of up to 100 per cent on leading trading partners continuing to import Russian oil and gas. India has identified possible effects on bilateral economic relations and the international energy market, while maintaining that diversified sourcing is necessary for energy security and that its trade and economic interests will be protected.
September 17, 2026
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Trust-nominated director consent shapes the contested chairmanship reappointment as regulatory classification renews pressure to consider a stock-market listing.
Validity of the reappointment is therefore contested under the company's internal governance framework despite the majority board vote, and the appointment is expected to be considered for ratification at the annual general meeting. The dispute also concerns the distinction between shareholder influence and directors' decision-making duties. A Trust sought to direct its nominee director to oppose a listing, but the director declined on the basis of independent director duties.
September 17, 2026
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Selective capital reduction offers a proposed shareholder-liquidity route while preserving private-company status, subject to valuation and approval scrutiny.
Tata Trusts has placed before the Tata Sons board a framework for the Shapoorji Pallonji Group to monetise part of its Tata Sons shareholding without requiring a public listing. The transaction would be valued under Rule 11UA principles, completed in two tranches over 18 months, and require Tata Sons to commence a selective capital reduction process before the National Company Law Tribunal. Completion remains contingent on financing capacity, regulatory and tribunal approvals, and scrutiny of valuation, shareholder treatment, and the legal validity of the capital-reduction structure.
September 17, 2026
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Board chair reappointment validity turns on mandatory nominee-director approval, amid separate listing-compliance and succession disputes.
Tata Sons' board reappointed its executive chairman by majority vote, but Tata Trusts contend that the resolution is void under the Articles of Association because both Trust-nominated directors must approve a chairmanship resolution. The dispute also concerns the effect of the chairman's earlier decision to step aside, an ongoing successor-selection process, and uncertainty over a nominee director's status following a failed general meeting. Separately, the rejection of Tata Sons' deregistration request has revived questions over compliance with the listing requirement applicable to an upper-layer non-banking financial company.
September 17, 2026
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Deep-sea fishing access supports export-oriented harvesting of high-value species, with foreign-port high-seas landings recognised as exports.
Deep-sea fishing policy promotes expansion of fishing operations within India's Exclusive Economic Zone (EEZ) and on the high seas to increase fisherfolk income through exports of high-value species. High-seas catch classification has been altered so that fish caught on the high seas and offloaded at a foreign port are treated as exports rather than imports.
September 17, 2026
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Merchant discount rate on eligible UPI payments places charges on merchants while preserving consumer protections and small merchant exemptions.
Merchant Discount Rate at 0.4 per cent will apply from October 15 to person-to-merchant UPI payments above Rs 2,000, payable by merchants and subject to a cap for high-value transactions. Individual transfers and most everyday merchant payments remain free, while eligible small QR-code merchants are exempt. Essential-service payments and capital-market transactions receive separate fee treatment, and a portion of MDR collections will support small-merchant UPI adoption.

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Dr. D. Y. Patil Medical College Celebrates 3 Scientists in Stanford Rankings – 2 in Global Top 2% List, 1 in Career-Long Top 2%

September 29, 2025

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Pune, Maharashtra, India (NewsVoir) Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune, proudly announces that three of its esteemed scientists have earned recognition in Stanford University’s prestigious global rankings of top researchers. Two faculty members, Dr. Sarika Chaturvedi, Senior Scientist and Dr. Sachin Atre, Research Consultant and Adjunct Faculty have been featured in the 2025 Top 2% global scientists list, while Dr. Amitav Banerjee, Professor of Community Medicine, has been recognized in Stanford’s career-long Top 2% global scientists list. This remarkable recognition highlights the institution’s commitment to world-class research and its contributions to global health. Dr. Amitav Banerjee, recognized in Stanford’s career-long Top 2% global scientists list, has a distinguished research career spanning over four decades. His substantial body of work encompasses critical investigations into epidemics, including typhoid, hepatitis, respiratory infections and pneumonia. Many of these pivotal studies were conducted during his tenure with the Indian Armed Forces. His recognition in the Stanford career-long list underscores his sustained excellence in epidemiology, especially in the fields of tribal malaria and viral hepatitis, earning him prestigious awards and recognition. His groundbreaking work on research methodology, population studies and sampling methodologies has garnered maximum citations. Notably, from 2000 to 2004, Dr. Amitav Banerjee, led the Mobile Epidemic Investigation Team at the Indian Armed Forces. After voluntarily transitioning from the armed forces in 2005, he assumed the role of a professor at Dr. D. Y. Patil Medical College. Presently, he serves as the editor of the International Medical Journal of Dr. D. Y. Patil Vidyapeeth, Pune. He is working as Professor Emeritus at Dr. D. Y. Patil Medical College Pune & Editor in Chief of Medical Journal Dr. D. Y. Patil Vidyapeeth & former Academic Editor of PLOS ONE. Among the notable figures recognized in the Stanford list is the accomplished young scientist, Dr. Sarika Chaturvedi, who holds a Ph.D. from the prestigious Karolinska Institute in Sweden. Dr. Sarika's research endeavours are primarily concentrated on public health and traditional medicine. She is mentored by Professor Bhushan Patwardhan, also a senior scientist featured on the Standford list. The majority of her highly cited work stems from her diligent contributions to the public healthcare system, focusing on the assessment of disease burdens and estimates of disease risk factors. Her work delves into identifying populations at risk of diseases and their geographical distribution, historical alterations and future predictions. Dr. Sarika’s recent studies include randomised controlled trials to assess traditional medicine interventions for public health. One of her studies pertains to the effect of 'Government of India's Common Yoga Protocol on brain functions in adults,’. While her another innovative study explored the health benefits of nasal oil instillation published in the Complementary Therapies in Medicine. Additionally, Dr. Sarika is currently serving a a fellow on the Lancet Citizens Commission to Reimagine India's Health System. And works closely with the WHO’s global Traditional Medicine Centre. Dr. Sachin Atre, a medical anthropologist with over two decades of research experience in public health, has also earned a place in the esteemed Stanford list. Dr. Atre received his Ph.D. from the University of Pune and was honored with the prestigious Fulbright-Nehru Postdoc Fellowship at Harvard Medical School in the USA. His significant contributions span research on tuberculosis and drug-resistant tuberculosis, as well as nutrition, diabetes, leprosy and access to medicines. He serves as an invited reviewer for The Lancet and Lancet group of journals and holds the role of an academic editor for PLOS Global Public Health. He has worked for World Health Organization (WHO), as a technical consultant for Global TB Program. Dr. Atre has an impressive portfolio with 80 publications, accumulating over 44,000 citations in SCOPUS. Dr. P. D. Patil, Chancellor of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune said, “We are immensely proud of our scientists. Dr. Amitav Banerjee’s career-long excellence in epidemiology, Dr. Sarika Chaturvedi’s impactful work in public health and indigenous medicine and Dr. Sachin Atre’s globally cited research in tuberculosis and community health reflect the strength of our academic and research ecosystem. Their contributions are inspiring and will motivate future researchers to address critical health issues at both national and global levels.” Dr. Bhagyashree P. Patil, Pro-Chancellor of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune remarked, “The scientists’ contribution reaffirms our institution’s commitment to fostering world-class research, innovation and academic excellence. These achievements inspire both our students and faculty to strive for global impact through knowledge and discovery.” Dr. Yashraj P. Patil, Trustee and Treasure of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune remarked, “Being featured in Stanford’s top 2% list of scientists further validates the world-class research ecosystem we have built over the years. This achievement puts us on the global map and strengthens our commitment to nurturing an environment of academic and scientific excellence.” Dr. Rekha Arcot, Dean, Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune, expressed her pride in the institution’s accomplishment, stating, “This achievement is a testament to the strong research culture we have built at Dr. D. Y. Patil Medical College. Our institution has always prioritized innovation, research and academic excellence that addresses global health challenges. We are immensely proud of our scientists for bringing this honor to the college.” About Dr. D. Y. Patil Medical College, Hospital and Research Centre, Pune D. Y. Patil Medical College, Hospital &Research Center, Pimpri, Pune follows international benchmarks that are performance-driven as well as patient-centric, strongly backed by evidence-based medical expertise. We are NABH and NABL accredited and have been certified as a Green Hospital by the Association of Healthcare Providers India (AHPI). Additionally, we hold the 12th rank in the National Institutional Ranking Framework (NIRF). The university has been awarded A++ status by the National Assessment and Accreditation Council (NAAC) and is an ISO 2015 certified organization (ISO 9001: 2015). For more information visit medical.dpu.edu.in • Facebook: Dr D. Y Patil Medical College, Hospital and Research Centre • Instagram: dpu.medicalcollege (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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