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    India–Nepal Inter-Governmental Sub-Committee on Trade, Transit and Cooperation to Control Unauthorised Trade Meets in New Delhi
    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
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    CCI approves acquisition of certain additional shareholding in Azure Power Global Limited by OMERS Infrastructure Asia Holdings Pte. Ltd.
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    CCI approves acquisition of three professional cricket franchises: Rajasthan Royals (India), Paarl Royals (South Africa) and Barbados Royals (Barbados...
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    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
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September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
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.

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OPPI Annual Summit 2025 Highlights the 'Power of Partnership' in Driving India's Pharma Transformation

November 21, 2025

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The Summit highlights how collaboration, trust, and digital innovation are shaping India's evolution into a global pharma powerhouse committed to equitable access and patient-centric care. NEW DELHI, Nov. 20, 2025 /PRNewswire/ -- The Organisation of Pharmaceutical Producers of India (OPPI) organized its flagship Annual Summit today at Shangri-La Eros, New Delhi. The summit brought together a distinguished assembly of key Government officials, regulators, industry leaders, member organisations, academia, patient support groups, innovators and other key stakeholders. This year's summit, themed 'Power of Partnership', underscored the pivotal role of collaboration in propelling India's pharmaceutical sector toward global leadership by 2047. The theme celebrated the collective strength of alliances — between industry and government, science and technology, policy and practice — that enable breakthroughs in innovation, access, and quality healthcare. It emphasized that India's vision of transforming from the Pharmacy of the World to a Pharma Powerhouse to the World can only be realized through sustained partnerships grounded in trust, transparency, and shared purpose. Bhushan Akshikar, President – OPPI, President & Managing Director, GlaxoSmithKline Pharmaceuticals Limited, said: "The OPPI Annual Summit celebrates the spirit of collaboration and the transformative power of partnership, that continues to shape India's healthcare landscape. This platform serves as a reminder that the greatest breakthroughs in healthcare emerge when diverse minds unite behind a shared vision of advancing innovation and delivering quality care to every patient. Partnerships are not merely alliances; they are the catalysts that turn scientific discovery into meaningful impact. By combining the strengths of industry, government, academia, and the medical community, we can accelerate innovation, strengthen healthcare delivery, and create sustainable solutions that reach those who need them most. Together, we have the opportunity to reimagine healthcare — one that is data-driven, digitally enabled, and deeply human in its purpose. The power of partnership will define how effectively we translate today's ideas into tomorrow's healthier, more resilient India." Anil Matai, Director General, OPPI, said: "The OPPI Annual Summit stands as a celebration of collaboration and shared purpose — a forum that unites leaders, innovators, and changemakers across the healthcare ecosystem to shape a collective vision for India's healthcare future. The theme, Power of Partnership, reflects our belief that meaningful progress in innovation, access, and quality healthcare can only be achieved through collaboration grounded in trust, transparency, and a shared commitment to improving lives. By fostering collaboration between the public and private sectors, we can accelerate the development of cutting-edge therapies, ensure the timely availability of affordable medicines, and build robust systems that enhance patient outcomes. Partnerships also empower us to integrate digital health solutions, advance R&D capabilities, and drive the transition towards value-based care. As India moves toward the Viksit Bharat vision, our mission must be to harness the country's immense scientific talent, entrepreneurial energy, and digital potential to strengthen the healthcare infrastructure for generations to come. The journey to becoming a global healthcare powerhouse will be defined by how effectively we work together — breaking silos, aligning goals, and ensuring that innovation reaches every patient in need. At OPPI, we remain deeply committed to enabling these partnerships — partnerships that are not only about collaboration but about co-creation; not only about progress but about purpose. The strength of the alliances we build today will determine how successfully we can realize the vision of a healthier, self-reliant, and inclusive India — one where innovation thrives, access is equitable, and quality care is the right of every citizen." The summit also marked the launch of a landmark report, 'Fuelling Innovation, Advancing Equity: The Power of Partnerships and Digital-First Strategies Driving Indian Pharma's Global Dominance', developed in collaboration with EY Parthenon (EY-P). In addition, OPPI unveiled the 'Essays on Innovation' publication and a Coffee Table Book celebrating milestones in India's healthcare journey. The OPPI – EY-P report presents a comprehensive view of India's rapidly evolving pharmaceutical sector, emphasizing how collaboration and digital transformation are shaping its journey from being the 'Pharmacy of the World' to a global innovation powerhouse. The report highlights India's strengths in generics, growing innovation and IP capabilities, and its expanding footprint across biopharma, biotech, APIs, CDMOs, MedTech, and digital health. It underscores that strategic partnerships among government, industry, academia, startups, and civil society are vital to achieving healthcare equity at home while boosting global competitiveness. Through case studies and industry insights, it explores opportunities in R&D, clinical trials, supply chain resilience, AI-driven transformation, and healthcare access innovations, positioning India as a preferred global investment and innovation destination. Essays on Innovation, launched by OPPI at its Annual Summit, celebrates innovation as the cornerstone of progress — the bridge between imagination and impact that fuels economic growth, transforms societies, and paves the way for Viksit Bharat @2047. The publication brings together insights from 39 distinguished voices across India's healthcare and life sciences ecosystem — spanning industry, academia, policy, media, and patient groups — each sharing their vision of how innovation can drive India's journey from being the 'Pharmacy of the World' to becoming the Pharma Powerhouse of Innovation for the World. Marking sixty years of purposeful leadership, the OPPI Coffee Table Book chronicles its legacy of shaping policy, elevating standards, and building partnerships that transformed India's healthcare landscape. It captures defining milestones, campaigns, and collaborations that strengthened access, innovation, and patient-centric progress across the nation. The Annual Summit celebrated exceptional contributors and innovators in the healthcare sector with the prestigious OPPI Awards. Presented during the summit, these awards recognized excellence, innovation, and a steadfast commitment to enhancing healthcare in Bharat. The esteemed OPPI Awards for 2025 included: OPPI Lifetime Achievement Award 2025 Dr. D. Nageshwar Reddy, Founder and Chairman, Asian Institute of Gastroenterology & AIG Hospitals OPPI Scientist Awards 2025 Young Scientist of the Year Dr. Chinmoy Kumar Hazra, Associate Professor, Department of Chemistry, Indian Institute of Technology, Delhi Woman Scientist of the Year Prof. (Dr.) Sheffali Gulati, Faculty-in-charge, Child Neurology Division, Department of Pediatrics, All India Institute of Medical Sciences, New Delhi Scientist of the Year Dr. Malla Reddy Chilla, Professor, Department of Chemistry, Indian Institute of Technology, Hyderabad OPPI Excellence in Innovation Award for Healthcare Start-up of the Year 2025 Aarca Research India Pvt Ltd About OPPI The Organisation of Pharmaceutical Producers of India (OPPI) established in 1965, represents the research-based global pharmaceutical companies in India. OPPI has been an integral part of the healthcare journey of the country. We remain committed to supporting the nation's healthcare objectives, putting patients at the core of all decision making and collaborating with all stakeholders to find sustainable solutions to realize the collective vision of Health for All. Our member companies have been serving the country's healthcare ecosystem since pre-independence and continue to remain committed to patient safety and providing quality care in the future as well. As an association, our advocacy decisions, patient commitment and work are always keeping the country first and we embody the spirit of working for 'Bharat Ke Liye'; driven with innovation to find solutions for unmet medical needs, collaboration with Government stakeholders, and co-creation with partners coming together to address the nation's healthcare challenges. We are committed to the Hon'ble Prime Minister Shri Narendra Modi-ji's clarion call of 'Jai Vigyan and Jai Anusandhan'. Photo: https://mma.prnewswire.com/media/2828663/OPPI_Annual_Summit_2025.jpg' alt='Embedded Media' /> Logo: 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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