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    Sebi bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
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    Good corporate governance central to India's development: Jitendra Singh
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August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.

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October 23, 2025

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New Delhi, Oct 23 (PTI) Following are the top stories at 9 pm: NATION DEL71 PM-BIHAR-LD YOUTH (7.28 PM)

People won't forget Bihar's 'jungle raj' for another 100 years: PM's attack on RJD-Congress New Delhi: Prime Minister Narendra Modi on Thursday said the "jungle raj" in Bihar will be discussed for another 100 years and no matter how hard the opposition tries to hide its misdeeds, people will not forgive it.

CAL48 BH-POLLS-4THLD INDIA BLOC (7.28 PM)

Tejashwi CM face for Bihar polls, VIP's Sahani to be his deputy: INDIA bloc Patna: The opposition INDIA bloc on Thursday declared RJD leader Tejashwi Yadav its chief ministerial candidate for the Bihar assembly polls, in what is being seen as a last-ditch effort to put an end to squabbles after weeks of intense deliberations and project unity ahead of the elections.

DEL73 DEF-2NDLD PROCUREMENT (7.40 PM)

Defence ministry approves procurement proposals worth Rs 79,000 crore New Delhi: The defence ministry on Thursday cleared proposals to procure weapons and military hardware worth Rs 79,000 crore, including Nag missiles, amphibious warfare ships and electronic intelligence and surveillance systems, to boost the combat capabilities of the three services.

DEL77 CBI-DIG (8.27 PM)

CBI conducts second round of searches at suspended Punjab DIG's residence; cash, valuables seized Chandigarh: The CBI on Thursday carried out a second round of searches at the residence of suspended Punjab Deputy Inspector General of Police (Ropar Range) Harcharan Singh Bhullar -- arrested on bribery charges last week -- resulting in seizure of cash and valuables, officials said.

DEL57 JK-RS POLLS-LD PDP (6.34 PM)

PDP to support NC in RS polls; 'must keep BJP away,' says Mehbooba Srinagar: The People's Democratic Party (PDP) on Thursday announced its support to the ruling National Conference, saying it wanted to keep the "fascist forces" out.

DEL69 DL-ENCOUNTER-3RDLD DEAD (7.19 PM)

Four wanted Bihar gangsters killed in police encounter in Delhi's Rohini New Delhi: Four wanted criminals, allegedly involved in multiple cases of extortion-cum-murder in Bihar and planning a major operation ahead of the assembly elections there, were killed in a shootout with police in Delhi's Rohini in the early hours of Thursday, officials said.

MDS16 KA-VOTE-CHORI-LD SIT(6.15 PM)

'Vote chori': SIT zeroes in on 6 suspects who charged Rs 80 per vote deletion in K'taka's Aland Bengaluru: The SIT probing the alleged 'vote chori' (vote theft) in Aland assembly segment in 2023 assembly elections in Karnataka has discovered that "attempts" were made to delete names from the voters list and zeroed in on at least six suspects involved in the scam.

BOM22 MP-CARBIDE-GUN-LD INJURIES (8.46 PM) MP: More than 100 hospitalised, mostly children, from use of calcium carbide guns during Diwali Bhopal: More than 100 persons, most of them children aged between 8 and 14, were hospitalised in Bhopal and neighbouring Vidisha district in Madhya Pradesh due to injuries sustained after using calcium carbide guns on Diwali, officials said on Thursday.

MDS30 KA-BULL-TAMING-DEATHS (8.13 PM)

Four die in separate incidents during bull-taming in Karnataka Haveri (Karnataka): Four people died in separate incidents during bull-taming rituals associated with the Diwali festival in this district on Thursday, police said.

MDS29 KA-KAVACH-FACILITY (8.11 PM)

Priyank Kharge inaugurates Kavach 4.0 train safety system facility in Bengaluru Bengaluru: Karnataka IT Minister Priyank Kharge inaugurated the manufacturing facility of Kavach 4.0, the next generation of India’s indigenous Automatic Train Protection (ATP) system, here on Thursday.

BUSINESS DEL80 BIZ-INDIA-US-TRADE (8.50 PM)

India, US trade talks progressing; hope to work towards fair, equitable pact in near future: Goyal New Delhi: Commerce and Industry Minister Piyush Goyal on Thursday said talks between India and the US for the proposed trade agreement are progressing, and expressed hope that both sides would work towards a fair and equitable agreement in the near future.

DEL51 BIZ-LD INDIA-RUSSIA-OIL (6.14 PM)

Body blow to Reliance as US sanctions force cut in Russian oil imports New Delhi: Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said.

DEL79 BIZ-NPCI-CHEQUE (8. 37 PM)

Some teething issues persist in new cheque clearing system: NPCI New Delhi: The National Payments Corporation of India (NPCI) on Thursday said that some teething issues persist in the continuous cheque clearing system.

LEGAL LGD5 DL-COURT-AYODHYA VERDICT (5.47 PM)

Court upholds civil judge order dismissing plea seeking declaration of Ayodhya verdict as void New Delhi: A Delhi court has dismissed a plea challenging a civil judge's order that had rejected a suit seeking that the Supreme Court's judgment in the Ayodhya case be declared "null and void".

FOREIGN FGN43 US-INDIAN-CRASH (7.25 PM)

Intoxicated Indian-origin trucker allegedly causes crash in US, killing 3 New York: A 21-year-old Indian-origin truck driver has been accused of causing a semi-truck crash while allegedly driving intoxicated, killing three people in the US state of California earlier this week, according to a media report.

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