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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
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    CPI(M) accuses ED of ‘politically targeting’ Pinarayi Vijayan in CMRL case
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    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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Corp. Laws, SEBI & IBC

IICA organises National Conference & Exhibition on Leveraging CSR Excellence for Tribal Development in New Delhi

October 7, 2025

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The Initiative marks 2nd Annual CSR Day; aims to promote CSR excellence through innovation, inclusion and sustainable partnerships for holistic tribal development across India

DG & CEO, IICA, Shri Gyaneshwar Kumar Singh notes a notable rise in CSR spending by Indian companies, surpassing the 2% threshold, reflecting a deeper commitment to social welfare

CSR efforts should reach every part of society, fostering inclusivity and equitable development: Shri Chanchal Kumar, Secretary, MDoNER

The National Conference & Exhibition on Leveraging CSR Excellence for Tribal Development, a two-day event was inaugurated on 6th October 2025 at New Delhi. The Conference was organised by the Indian Institute of Corporate Affairs (IICA), an autonomous institution under the Ministry of Corporate Affairs, Government of India.

The event was organised to mark the 2nd Annual CSR Day in India, commemorating the Birth Anniversary of Mahatma Gandhi, and to promote the Gandhian philosophy of trusteeship in CSR initiatives with a focus on advancing CSR excellence for tribal development.

The inaugural ceremony was graced by Shri Durgadas Uikey, Union Minister of State, Ministry of Tribal Affairs, and Shri Harsh Malhotra, Union Minister of State, Ministry of Corporate Affairs who visited the Exhibition and took a detailed tour of the vibrant stalls showcasing CSR best practices, along with a special delegation of tribal artisans marketing their merchandises from Pan-India, supported by TRIFED.  Shri Chanchal Kumar, Secretary, Ministry of Development of North Eastern Region; Shri M. Raja Murugan, Managing Director, TRIFED; Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA; Shri Shombi Sharp, UN Resident Coordinator in India; and Prof. Garima Dadhich, Head, School of Business Environment, IICA inaugurated the conference.

Shri Chanchal Kumar, Secretary of MDoNER, delivered an insightful keynote address emphasizing the importance of diversity and inclusion in CSR initiatives. He urged corporations to focus on small, impactful projects that provide tangible benefits to all sections of society. He highlighted the need for qualitative resource expenditure rather than large-scale investments, aiming for measurable outcomes by 2047. Shri Kumar stressed that CSR efforts should reach every part of society, fostering inclusivity and equitable development. He also pointed out the North East Region’s readiness to attract greater investment, with enhanced infrastructure and improved project implementation capabilities. This, he noted, would contribute to the region’s development and serve as a model for balanced growth. Shri Kumar underscored the role of Artificial Intelligence (AI) in improving efficiency, creating job opportunities, and addressing social inequalities, particularly in tribal and rural areas. AI can play a pivotal role in sectors like healthcare, education, and agriculture, transforming the lives of underserved communities. Focusing on education and skills, Shri Kumar emphasized their critical role in reducing inequality. He called for CSR initiatives to prioritize these areas, as they empower individuals, provide economic opportunities, and create a more skilled workforce for sustainable national development.

In his welcome address, Shri Gyaneshwar Kumar Singh, DG & CEO of IICA, highlighted the growth and transformation of India’s CSR landscape, emphasizing its shift towards community-driven, impact-oriented initiatives. He noted a notable rise in CSR spending by Indian companies, surpassing the 2% threshold, which reflects a deeper commitment to social welfare. He urged CSR programs to evolve beyond just financial contributions, advocating for stronger support in the form of technology, management, and knowledge sharing to empower local communities, particularly in tribal areas. As India’s social sector continues to make tangible impacts through CSR, he stressed the importance of aligning CSR efforts with the United Nations' 2030 Agenda for Sustainable Development. CSR, he noted, has shifted from being demand-driven to supply-driven, with companies now investing more than the required 2%. He emphasized the urgent need for capacity building within implementing agencies, underscoring IICA’s role in supporting these partners to drive sustainable development effectively.

In his special addressShri M. Raja Murugan emphasized the role of value addition and entrepreneurship in tribal economies, stressing the need for skill development, branding, and digital market access to empower tribal artisans. Shri Shombi Sharp lauded India’s CSR framework, which he described as a global model of corporate accountability and social innovation, noting that India is now a leader in aligning private sector creativity with the Sustainable Development Goals (SDGs).

The session concluded with a Vote of Thanks by Dr Garima Dadhich, Head, School of Business Environment, IICA, who expressed gratitude to the distinguished speakers and attendees for their valuable contributions. She reaffirmed IICA’s commitment to strengthening CSR governance, capacity building, and cross-sectoral partnerships that drive sustainable and inclusive development, empowering India’s tribal communities through knowledge, innovation, and collaboration.

The day featured three high-impact panel sessions that explored diverse dimensions of CSR’s role in advancing tribal livelihoods, health, and entrepreneurship.

The first High-Level Panel, Leadership Dialogue: Leveraging CSR Excellence for Tribal Development, brought together eminent corporate leaders and development thinkers including Mr. Pradeep Fellow, Executive Director, REC Limited, Mr. Anil Kumar Jadli, Director, NTPC Limited; Mr. Pravir Krishna, Former Managing Director, TRIFED, Mr. Bibhuti Ranjan Pradhan, Executive Director, Indian Oil Corporation Limited, Ms. Ruchi Sadhana, Vice President –Corporate Audit, HCLTech, Mr. Mathew Cherian, Chief Executive Officer, HelpAge India; and Prof. Garima Dadhich, Head, School of Business Environment, Indian Institute of Corporate Affairs (IICA).

The second High-Level Panel, CSR for Sustainable Livelihoods & Tribal Entrepreneurship: Glocal Case Studies, convened thought leaders from government and industry, including Mr. Santanu Mitra, Senior Economic Adviser, Ministry of Corporate Affairs, Government of India; Dr. Raji N.S., Deputy Secretary, Ministry of Tribal Affairs, Government of India; Dr. Bhaskar Chatterjee, Former Director General & CEO, Indian Institute of Corporate Affairs; Mr. Gaurav Majumdar, Lead – Skill Development & Livelihood, HCL Foundation; Mr. Binu Nair, Chief – Program and Operations, Bharti Airtel Foundation; Mr. Ujas Dave, General Manager, Tata Chemicals, and Mr. Stanley Joseph, Lead – Programmes, Dialectics.

The third  High-Level Panel, CSR for Health & Nutrition in Tribal Areas, featured a cross-section of experts and practitioners, including Mr. Lucas L. Kamsuan, Joint Secretary (Administration & Coordination), Department of Public Enterprises, Government of India; Ms. Ashwini Deodeshmukh, CSR Head, Godrej & Boyce, Dr. Vivek Virendra Singh, Health Specialist, Health Section, UNICEF India, Mr. Keshav Kanoria, Partner, The Bridgespan Group, Ms. Gayatri Subramaniam, Director, Association for Women in Business, and Director, International Centre for Socially Responsible Businesses, and Mr. Praveen Karn, Group Head – Sustainability & CSR, Spark Minda Group.

The event witnessed the participation of over 300 delegates from government, academia, industry, and civil society, reaffirming India’s collective resolve toward sustainable and inclusive development. The accompanying exhibition showcased exemplary CSR initiatives by leading corporations, PSUs, and foundations, highlighting projects that promote tribal entrepreneurship, education, healthcare, and environmental conservation.

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