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    CBI Arrests CGST Superintendent and a Consultant in Bribery Case
    Global Fintech Awards 2026 Celebrate Trailblazers Shaping the Future of Finance
    IIFL Finance Becomes First Non-PSU NBFC to Execute ₹25 Crores Tokenised Bond Transaction
    DICV Expands Regional Role as India Anchors New ISEAA Customer Region
    India, New Zealand trade pact may come into force from later half of October: Comm Secy
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    India, China start discussions on trade concerns; expected to hold more meetings going forward
    Bank of India unveils 12 digital banking initiatives at Global FinTech Fest 2026
    SC asks Delhi Gymkhana Club members to raise management takeover concerns before HC
    Rupee slumps 38 paise to close at 95.92 against US dollar
    DBS Bank India expands DBS MAX to simplify multi-gateway digital payment collections for businesses
    Natixis strengthens coordination between its Portugal and India Expertise Centers under Etienne Huret's leadership
    Bajaj Finance Personal Loan Interest Rates: Borrowers Can Access Loans Starting from 10% p.a.
    India's exports up 26.12 pc to USD 43.81 bn in Aug; trade deficit narrows to USD 26.86 bn
    Bacancy Systems Secures Granted Design and Utility IP for Its CCS2 EV Dispenser, Locking In a Charging Architecture Built to Scale
    India-New Zealand trade pact likely to come into force from Oct 19: Official
    CKGSB-IE University Report Reveals New Models of Chinese Companies Going Global
    Celebrate Ganpati, Travel Smart With AU Credit Cards, and Enjoy Exciting Offers on Flights & Hotels
    DFS Wins First Prize under ‘Rajbhasha Kirti’ for 2025-26 at 6th All India Official Language Conference and Hindi Diwas
    LAUNCHING OF NEGOTIATIONS FOR THE EXPANSION OF THE INDIA-MERCOSUR PREFERENTIAL TRADE AGREEMENT
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September 15, 2026
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Bribery allegations in CGST redevelopment approvals lead to arrests following a trap involving an intermediary consultant.
Bribery allegations concerning CGST redevelopment approvals led to registration of a case against a CGST Superintendent and unknown persons. The Superintendent allegedly sought undue advantage for issuing a no-objection certificate and handing over CGST-owned flats. Following verification, a trap was laid after the complainant was allegedly directed to deliver cash to a CGST consultant. Both the Superintendent and consultant were arrested, produced before the competent court, and placed in police custody. Further investigation remains in progress.
September 15, 2026
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Financial technology innovation receives recognition across banking, payments, lending, insurance, wealth management, cybersecurity and digital trust.
Global Fintech Awards 2026 recognised financial-technology innovation across banking, fintech, artificial intelligence, digital trust and identity, payments, lending, insurance, wealth management and cybersecurity. Its theme emphasised trusted, connected and inclusive financial systems, identifying Agentic AI, tokenisation and quantum technologies as areas of transformation. AI-powered financial innovation recognition covered AI applications in payments, banking, lending, insurance, and asset or wealth management.
September 15, 2026
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Tokenised corporate bonds under the regulatory sandbox enable blockchain-based issuance and settlement experimentation for non-banking finance companies.
IIFL Finance completed a tokenised bond transaction under the SEBI Regulatory Sandbox framework for securities tokenisation. The transaction used the Metropolitan Stock Exchange of India bidding platform, with Trust Investment Advisors Private Limited as sole arranger and advisor, and the bonds are intended to be listed on the National Stock Exchange of India. Securities tokenisation digitally represents securities through blockchain and distributed ledger technology to support more efficient, transparent and faster debt-market processes.
September 15, 2026
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Commercial-vehicle safety readiness and connected fleet support underpin expanded regional operations, automated transmission adoption, and localized manufacturing investment.
BharatBenz's product transformation is directed toward safer, more productive and efficient commercial transport. The truck and bus portfolio is being prepared with Advanced Driver Assistance Systems calibrated to Indian operating conditions in advance of evolving safety requirements. Automated Manual Transmission technology is being expanded to improve driver comfort, reduce fatigue, support fleet safety and efficiency, and lower total cost of ownership. Customer support combines connected fleet technology, service assurance, parts availability and service-network expansion.
September 15, 2026
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Duty-free market access under the India-New Zealand free trade agreement is expected to support goods, services, and investment ties.
India-New Zealand Free Trade Agreement is expected to enter into force in the latter half of October 2026, subject to both parties completing operationalisation processes and procedures. The agreement grants duty-free access to New Zealand for 100 per cent of Indian exports, replacing existing peak tariffs on key Indian products. It is intended to expand bilateral trade in goods and services, promote investment, and includes New Zealand's investment commitment in India.
September 15, 2026
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NBFC registration surrender denial places listing, chairman continuity, and trust nomination deadlock at the centre of governance deliberations.
RBI's rejection of Tata Sons' application to surrender its NBFC registration retains the company within the regulatory framework associated with a stock-exchange listing requirement. A prospective listing would entail regular disclosure obligations, greater scrutiny of finances, capital allocation and investments, and increased public shareholder expectations. The listing issue intersects with chairman continuity and succession, while proceedings restraining the Sir Ratan Tata Trust from holding meetings may impede joint trustee nominations required to constitute the chairman selection committee.
September 15, 2026
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Bilateral trade engagement addresses structural imbalances, supply chain concerns, and investment restrictions through continued ministerial discussions.
India and China have commenced bilateral trade engagement to identify positions on trade-related concerns and pursue further meetings. Discussions are directed at structural trade imbalances, supply-chain issues, and trust in commercial relations. India's widening trade deficit with China is identified as a principal concern, while investment issues remain relevant because India has tightened its foreign direct investment policy for countries sharing land borders with it. Engagement is intended to explore approaches to more balanced commercial relations and supply-chain resilience.
September 15, 2026
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Programmable digital currency and interoperable payment tools expand secure, purpose-bound banking services through integrated mobile and self-service platforms.
Bank of India introduced integrated digital-banking capabilities covering UPI mandate management, transaction replay, contactless UPI payments, interoperable ticketing and bulk IMPS payments. Programmable Central Bank Digital Currency enables tokens to carry merchant, geographic, expiry and acceptance conditions, with real-time compliance checks for purpose-bound transfers. Additional measures include a self-service cash recycler proof of concept, automated compliance management, a fintech proposal portal, in-branch customer-engagement tools and voice-enabled conversational banking.
September 15, 2026
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Government takeover challenge enables members to contest lease resumption, eviction proceedings, and unelected club management through constitutional property-rights claims.
Eleven Delhi Gymkhana Club members challenge the Central Government's lease resumption and proposed eviction proceedings, alleging a colourable exercise of power and violation of constitutional property protections. They contend that no specific public-purpose project, supporting material, compensation or defence endorsement was disclosed. The dispute also concerns government-nominated management following supersession of the elected committee, delayed restoration of elected control, and an alleged conflict arising from governmental influence over both the lessor and the Club's management. Retrospective ground-rent revision is challenged separately.
September 15, 2026
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Rupee depreciation reflects oil-price pressures, strong dollar demand, weak domestic markets and global risk-off sentiment.
Rupee depreciation against the US dollar was attributed to higher crude oil prices, increased dollar demand from oil importers, weak domestic equity markets, a stronger US dollar and concerns over rising global treasury yields. Higher oil-import payments raised inflation and external trade-balance concerns. Market expectations indicated continued pressure amid global risk-off conditions, although central bank intervention could support the rupee at lower exchange-rate levels.
September 15, 2026
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Multi-gateway digital payment collections streamline merchant routing, reconciliation, tokenisation and performance visibility through a single integration.
DBS MAX enables businesses to access multiple payment aggregators through a single integration, reducing the effort required for separate gateway connections or changes between supported aggregators. The platform supports merchant-defined intelligent routing and provides consolidated visibility across payment gateways and methods for transaction success rates, refunds and reconciliation. Gateway-agnostic card tokenisation supports movement between supported gateways, while the combined functionality is intended to improve payment resilience, optimise transaction flows and strengthen control over digital-payment collections.
September 15, 2026
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Cross-border expertise-center coordination places international teams under common leadership to promote shared standards, continuity, mobility and career development.
Natixis has placed its Portugal and India Expertise Centers under common leadership to strengthen coordination, collaboration, knowledge sharing and consistent working methods across locations. Teams are to work through shared platforms and standards, supporting business continuity across geographies and time zones. The model also promotes talent mobility and international career development while supporting global operational needs and recognising each market's circumstances.
September 15, 2026
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Personal loan pricing requires borrowers to compare lender-assessed rates, repayment tenure, fees, EMIs and total borrowing cost.
Personal loans are available to eligible customers as collateral-free credit, subject to lender assessment, eligibility criteria and applicable lending terms. Interest rate, loan amount and repayment tenure determine the monthly EMI and total repayment obligation, while processing fees and other charges form part of the overall borrowing cost. Borrowers should compare rates, EMIs, tenure, total repayment amount, fees and repayment terms. Applications involve online eligibility checking, submission of personal and financial details, review of an offer, KYC verification and completion of applicable requirements.
September 15, 2026
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Merchandise trade growth strengthened in August as exports rose faster than imports, narrowing India's trade deficit.
India's merchandise exports grew faster than imports in August 2026, reducing the merchandise trade deficit to USD 26.86 billion. Exports reached USD 43.81 billion, with engineering goods, petroleum products, chemicals and textiles supporting growth, while imports amounted to USD 70.76 billion. During April-August, both exports and imports increased. Export demand was significant in the United States, European Union, BRICS countries and other emerging economies, while gold imports declined substantially in August.
September 15, 2026
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Distributed CCS2 charging architecture receives intellectual property protection for centralized power conversion, scalable dispensers, and simplified charging-site expansion.
Granted design and utility intellectual property protection covers a distributed CCS2 EV charging architecture that centralizes power conversion in a shared Power Unit while compact Dispenser Units provide connectors, authentication hardware and displays. The arrangement supports multiple output terminals, permits scalable addition of dispensers, and avoids duplication of conversion and cooling equipment at each charging bay. Dispensers deliver up to 375A per CCS2 connector through natural air cooling and include authentication, monitoring, communication and standards-aligned charging functions.
September 15, 2026
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India-New Zealand free trade agreement is expected to grant duty-free access for Indian exports and promote bilateral investment.
India-New Zealand Free Trade Agreement is expected to enter into force from 19 October 2026. It provides duty-free access in New Zealand for all Indian exports, replacing peak tariffs applicable to specified Indian goods, including ceramics, carpets, automobiles and auto components. The arrangement is intended to expand bilateral trade in goods and services, promote investment, and includes New Zealand's investment commitment in India over a 15-year period.
September 15, 2026
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Capability export reshapes overseas expansion through localization, ecosystem deployment, and adaptation to local regulatory and cultural conditions.
Chinese corporate globalisation is moving towards capability export, involving the transfer of operating capabilities into overseas markets with local adaptation. Expansion requires understanding local rules, investing in local capabilities and building stakeholder trust. Chain-style globalisation extends industrial ecosystems through suppliers and partners, while swarm-style globalisation enables smaller firms to use industrial clusters, platforms and logistics networks. Overseas operations must address fragmented demand, regulatory complexity, local-content requirements, supply-chain gaps and cultural differences. Cross-border acquisitions require executives who bridge organisational, cultural and institutional divides.
September 15, 2026
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Credit-card travel promotions enable eligible cardholders to receive booking discounts and instalment options, subject to partner terms.
Eligible AU Small Finance Bank credit-cardholders may obtain partner-platform discounts on flight, hotel, holiday-package and related travel bookings, subject to validity periods, minimum transaction requirements, eligible card variants and applicable card tiers. Select platforms also provide no-cost or low-cost EMI arrangements with instant discounts or cashback for eligible travel purchases. Cardholders should review partner-specific conditions before booking. The AU 0101 application enables transaction tracking, balance monitoring, eligible-purchase EMI conversion and credit-card bill payments.
September 15, 2026
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Official Language Hindi implementation and innovative official use receive recognition for advancing departmental language compliance and adoption.
Department of Financial Services received the First Prize under the Rajbhasha Kirti award for outstanding implementation and innovative achievements in Official Language Hindi during 2025-26. Recognition was conferred for effective use of Hindi in official work, efforts to maximise its departmental use, and promotion of innovative and creative Hindi-language practices.
September 15, 2026
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Expansion of the India-MERCOSUR Preferential Trade Agreement begins negotiations to broaden cooperation and define the future agreement's scope.
Expansion of the India-MERCOSUR Preferential Trade Agreement has entered negotiations to broaden the existing arrangement into areas of mutual interest. The proposed expansion seeks to deepen economic relations and create greater benefits and opportunities for the respective private sectors. Terms of Reference are being finalised to define the scope and structure of the future expanded agreement.

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Lawsuit seeks to stop Trump's USD 100,000 fee for H-1B visas

October 4, 2025

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Seattle, Oct 4 (AP) In what appears to be the first major challenge to the new USD 100,000 fee required for H-1B visa applications, a coalition of health care providers, religious groups, university professors and others filed a federal lawsuit Friday to stop the plan, saying it has “thrown employers, workers and federal agencies into chaos.” President Donald Trump signed a proclamation on September 19 requiring the new fee, saying the H-1B visa program “has been deliberately exploited to replace, rather than supplement, American workers with lower-paid, lower-skilled labour.” The changes were slated to go into effect in 36 hours, which caused panic for employers, who instructed their workers to return to the US immediately.

The lawsuit, filed in US District Court in San Francisco, said the H-1B program is a critical pathway to hiring healthcare workers and educators. It drives innovation and economic growth in the US, and allows employers to fill jobs in specialised fields, the lawsuit said.

“Without relief, hospitals will lose medical staff, churches will lose pastors, classrooms will lose teachers, and industries across the country risk losing key innovators,” Democracy Forward Foundation and Justice Action Centre said in a press release. “The suit asks the court to immediately block the order and restore predictability for employers and workers.” They called the new fee “Trump's latest anti-immigration power grab.” Messages seeking comment from the Department of Homeland Security and US Customs and Border Protection, which are named as defendants along with Trump and the State Department, were not immediately returned.

The H-1B visa program was created by Congress to attract high-skilled workers to fill jobs that tech companies find difficult to fill. About a third of H-1B workers are nurses, teachers, physicians, scholars, priests and pastors, according to the lawsuit.

Critics say the program is a pipeline for overseas workers who are often willing to work for as little as USD 60,000 annually, well below the USD 100,000-plus salaries typically paid to US technology workers.

Historically, H-1B visas have been doled out through a lottery. This year, Seattle-based Amazon was by far the top recipient of H-1B visas with more than 10,000 awarded, followed by Tata Consultancy, Microsoft, Apple and Google. Geographically, California has the highest number of H-1B workers.

The USD 100,000 fee will discourage the best and brightest minds from bringing life-saving research to the U.S., said Todd Wolfson, president of the American Association of University Professors.

Mike Miller, Region 6 Director of the United Automobile, Aerospace and Agricultural Implement Workers of America, said Trump's plan “prioritizes wealth and connections over scientific acumen and diligence." Skye Perryman, president and CEO of Democracy Forward, contends the “exorbitant fee” invites corruption and is illegal. Congress created the program and Trump can't rewrite it overnight or levy new taxes by executive order, the groups said. (AP) MPL MPL

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