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September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.
September 4, 2026
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Personal security frameworks evolved from elite guards into intelligence-led protection systems, while VIP culture can distort their necessity.
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September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
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Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
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September 3, 2026
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Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
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September 3, 2026
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Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
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September 3, 2026
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Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
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September 3, 2026
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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
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September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.

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PMLA / Black Money

SC rejects ex-Tamil Nadu minister Senthil Balaji's plea seeking clarification of earlier order

October 6, 2025

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New Delhi, Oct 6 (PTI) The Supreme Court on Monday refused to entertain a plea of DMK leader V Senthil Balaji seeking clarification of court's earlier order on whether he can be appointed as a minister again during the pendency of trial in alleged cash-for-job scam.

A bench of Justices Surya Kant and Joymalya Bagchi rejected the contention of Balaji, put forth by senior advocate Kapil Sibal representing him, that this court has never said anything about his ministership.

"We don't read the order or cannot read the order as an injunction on you in becoming a minister. However, if the atmosphere of the state is impacted by your becoming a minister or holding a post of power, then we have to ensure that the scheme of justice prevails," the bench said.

Sibal said there was not a word in the April 28 order about Balaji becoming a minister and there can't be any injunction by the court on his becoming a minister while he is being prosecuted.

Justice Kant questioned Sibal as to why the application for clarification was filed after apex court judge Justice Abhay S Oka, who asked him to resign as minister in Tamil Nadu government, has retired.

Solicitor General Tushar Mehta, appearing for the Enforcement Directorate, also questioned the timing of the application and said that it was not in good taste.

Justice Kant told Sibal, "This court has not prevented you from taking over the post of the minister and it can't prevent you. But after it was found that on becoming minister just days after being granted bail, you were exercising some influence in the trial of cases, the court said it is better you go to jail".

Sibal pointed out that maybe this was in the court's mind but it was not reflected from the order and hence this application was filed.

Justice Bagchi said there were allegations of influence and the court found that these were prima facie correct.

Both Mehta and senior advocate Gopal Sankaranarayanan, appearing for the victims of the scam, took the bench through sequence of orders passed in the matter and said that the court on April 23 gave an ultimatum to Balaji and asked him to make a choice "between post and freedom" as it warned him of cancelling bail if he did not step down as minister.

Sensing the mood of the court, Sibal sought permission to withdraw the plea.

The bench allowed him to withdraw the plea seeking clarification.

In another matter related to Balaji, where victims have approached the court seeking appointment of a special public prosecutor, the bench asked the Tamil Nadu government why these cash-for-job scam cases involving the former minister and state officials be not transferred to Delhi or some other neutral place.

Senior advocates Abhishek Singhvi and Amit Anand Tiwari, appearing for the Tamil Nadu government, opposed the suggestion of the court saying that it will be a reflection on state judiciary that nothing is being done in these cases.

"We are only giving a suggestion that why not transfer the trial to Delhi or to some other neutral ground because the investigation is complete and only trial remains. The witnesses can depose virtually, if required. This is the court's suggestion because whenever a high state functionary or a minister is involved in criminal cases, allegations of influence or delay in trial are bound to be made," the bench said.

Singhvi and Tiwari sought time to file their response on the issue saying the response of the accused needs to be seen on the issue of transfer of trial outside the state.

Sankaranarayanan submitted that when a former chief minister of the state was involved in a criminal case, the trial was shifted to Karnataka and the court can think on that line also.

The bench said it will look into it and took on record a chart of leading lawyers submitted by Sankaranarayanan for being appointed as special public prosecutors.

It also asked the state government counsels to submit some names who can be appointed as special public prosecutors.

The top court was hearing a petition filed by Y Balaji, challenging the March 28 Madras High Court order dismissing pleas against the clubbing of multiple chargesheets in cases related to the alleged scam.

On July 30, terming the trial involving Balaji a "rudderless ship", the top court said a cricket stadium will be needed to conduct prosecution in the cash-for-job scam related cases where over 2,000 people have been implicated as accused.

It had pulled up the Tamil Nadu government for implicating so many persons as accused, questioned whether they are victims or victimisers and asked for the details of the accused and witnesses.

The top court had said it appears to be the most populated trial of India with 2,000 accused and 500 witnesses and that a small courtroom would not suffice.

Balaji resigned from the M K Stalin-led state Cabinet on April 27 after being pulled up by the top court.

On April 23, the apex court took exception to the fact that Balaji was reinstated as a minister, days after he obtained bail in a money laundering case related to the alleged cash-for-jobs scam.

On September 26, 2024, the top court granted bail to Balaji in a case probed by the Enforcement Directorate.

With Balaji spending more than 15 months in jail, the top court had observed that there was no possibility that the trial would be concluded in the near future. PTI MNL MNL KVK KVK

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