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    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
    Shapoor Mistry backs Tata Sons listing, calls it opportunity for greater accountability
    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
    FinMin allays fears of increase in cash transactions post UPI MDR levy: Sources
    Tata Sons reappoints Chandrasekaran, but Tata Trusts call the vote 'illegal', setting up boardroom battle
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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.
September 17, 2026
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Board reappointment validity depends on shareholder-nominated director consent, directorship quorum concerns, and leadership continuity amid listing compliance.
Tata Sons' board approved by majority vote the Executive Chairman's reappointment for a further five-year term after he reconsidered an earlier decision not to seek renewal. Tata Trusts contest the validity of the resolution, maintaining that the Articles of Association require affirmative votes from both Trust-nominated directors and that a dissenting vote renders a chairmanship resolution legally void. They also cite the accepted succession process and unresolved directorship status arising from a general meeting lacking quorum.

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Ride for a Cause, Rally for a Cure: Manipal Hospital Yeshwanthpur Leads the Charge Against Breast Cancer

November 4, 2025

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BENGALURU, India, Nov. 4, 2025 /PRNewswire/ -- The streets of Bengaluru turned pink on Saturday morning, as over 30 women bikers and pink auto drivers rode together in solidarity for a cause, the fight against breast cancer. Manipal Hospital Yeshwanthpur organized an innovative rally, 'Ride for a Cause, Rally for a Cure'. The rally served as a powerful call to action, urging every woman to prioritize her health, embrace early screening, and stand united against fear and stigma. The rally began from Manipal Hospital Yeshwanthpur and passed through major city landmarks, saw participants carrying placards with messages of hope and awareness. Their message was simple but powerful, 'Listen to your body and act early'. The rally also marked the launch of Manipal Hospital Yeshwanthpur's new Breast Cancer Clinic, a comprehensive centre equipped with advanced imaging, screening, and diagnostic facilities. The clinic brings together a multidisciplinary team of oncologists, radiologists, and surgeons to ensure every woman receives timely, compassionate, and personalized care, from screening to recovery. Raising Awareness, Empowering Women Dr. Rahul S. Kanaka, Senior Consultant – Surgical & Robotic Oncology, Manipal Hospital Yeshwanthpur, emphasized how awareness and early action can change outcomes. "When breast cancer is caught early, treatment can be simple and effective. Surgery or small targeted procedures often remove the lump completely, sometimes followed by short courses of radiation or medication. In later stages, therapies like chemotherapy, hormone treatments, or newer targeted medicines help control the disease and protect the body. The key is early detection — the sooner it's found, the better the chances of a full recovery," he stated. Health is a Daily Choice Dr. Neelesh Reddy, Senior Consultant – Medical Oncology, Manipal Hospital Yeshwanthpur, spoke about how small lifestyle choices can make a big difference. He stated, "Good health doesn't need expensive plans. It starts with what you eat, how you move, and how you rest. Opt for fresh home-cooked food instead of oily or packaged snacks. Avoid smoking and limit alcohol, and give yourself the gift of enough sleep. Most importantly, never skip your regular health check-ups. For women managing work, home, and everything in between, these simple habits can be your strongest protection. Awareness isn't a campaign; it's a lifestyle." Technology Making Early Detection Easier Highlighting how technology is redefining breast cancer care, Dr. Rajesh V. Helavar, Senior Consultant – Interventional Radiology, Manipal Hospital Yeshwanthpur, said, "Breast cancer treatment today isn't what it used to be. It is faster, gentler, and far more precise. With advanced imaging, we can now detect even the tiniest changes early and treat them using pinhole procedures instead of major surgeries. Techniques like cryoablation cause minimal pain, allow freezing the tumour and destroying it. This results in fewer scars and a quicker return to normal life. For women who are constantly on the move, particularly our city's fearless bikers and pink auto drivers, these innovations mean freedom, dignity, and confidence to bounce back stronger." Know the Body, Know the Signs Dr. Roopa S P, Senior Consultant – Medical Oncology, Manipal Hospital Yeshwanthpur, reminded women that awareness begins with self-care. "If you notice a small lump, pain, dimpling, swelling, or discharge from the breast, don't ignore it. Most times, it's harmless, but not always. Early detection can make treatment simple and recovery faster. Make it a habit to do a quick self-check every month," she stated. Personalized Care Through Grading and Staging Adding to this, Dr. Ganesh Kumar KR, Consultant- Surgical Oncology, Manipal Hospital Yeshwanthpur, explained the importance of understanding how breast cancer differs from person to person. He said, "Breast cancer isn't the same for every woman. The grade tells us how fast the cancer cells are growing, while the stage shows how far it has spread. In the early stages, it's confined to the breast and can be treated completely with surgery or targeted therapy. As the stage progresses, treatments like chemotherapy, radiation, or advanced medicines help control it. Knowing the grade and stage helps doctors design the best, most personalized care plan. Early diagnosis means more options, faster recovery, and better outcomes." Adding to their insightful discussions and expert guidance the doctors also addressed some of the most common myths and fears surrounding breast cancer. As the rally ended, participants underwent free breast screenings and health check-ups offered by Manipal Hospital Yeshwanthpur, a fitting finale to a powerful morning of awareness and action. Through this initiative, the Manipal Hospital Yeshwanthpur, reaffirmed its commitment to empowering women with knowledge, technology, and care, because when women take charge of their health, they don't just fight disease, they inspire a movement. For more information, please visit: https://www.manipalhospitals.com/. Photo: https://mma.prnewswire.com/media/2813083/Manipal_Yeshwanthpur_Breast_Cancer.jpg' alt='Embedded Media' /> Photo: https://mma.prnewswire.com/media/2813082/Manipal_Breast_Cancer_Rally.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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