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    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
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    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
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    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
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August 13, 2026
Show AI Summary
Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
Show AI Summary
Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
Show AI Summary
Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.
August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
August 12, 2026
Show AI Summary
Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
Show AI Summary
Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
August 12, 2026
Show AI Summary
Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.

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HIGHLIGHTS

December 10, 2025

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New Delhi, Dec 10 (PTI) Following are the top stories at 9.10 pm: TOP STORIES PAR59 LS LDALL ELECTION (8.47 PM)

Congress' defeat in polls due to its leadership, not EVMs or 'vote chori': Amit Shah in Lok Sabha New Delhi: A combative Union Home Minister Amit Shah on Wednesday hit out at the opposition in the Lok Sabha for its campaign against SIR, saying the issue has been raked up as it can no longer win elections by "corrupt practices", and asserted that the reason for Congress' defeat in polls was its leadership, not EVMs or "vote chori".

DEL83 RAHUL-SHAH-RESPONSE (9.03 PM)

Didn't answer any questions, completely defensive response': Rahul on Shah's speech in LS New Delhi: After the Lok Sabha witnessed a heated exchange between him and Amit Shah during a debate on election reforms, Congress leader Rahul Gandhi on Wednesday called the home minister's response "completely defensive" and asserted that "vote chori" is the "biggest treason".

DEL81 AVI-LDALL INDIGO (8.49 PM)

DGCA to deploy staff inside IndiGo HQ amid tightening oversight of airline New Delhi/Mumbai: Aviation watchdog DGCA will station its personnel at IndiGo's headquarters as it steps up oversight on India's largest airline, which continues to cancel dozens of flights despite saying operations have stabilised.

LGD22 DL-HC-2NDLD INDIGO (6.52 PM)

IndiGo crisis: Why situation precipitated, are you helpless? Delhi HC asks Centre; tells airline to compensate passengers New Delhi: The Delhi High Court on Wednesday questioned the central government for not taking timely action to check the crisis caused by IndiGo flight cancellations and asked why the situation was allowed to precipitate, with lakhs of passengers stranded and other airlines charging hefty fares.

MDS20 KA-LDALL HATE SPEECH (8.35 PM)

Bill to curb hate speech tabled in Karnataka assembly; BJP opposes, says act against political opponents Belagavi (Karnataka): The Karnataka government on Wednesday tabled in the state Assembly a bill to curb hate speech that proposed a jail term of up to 10 years and a maximum fine of Rs 1 lakh amid strong opposition from the BJP, which alleged that the move was aimed at "snatching freedom of expression" of political opponents.

NATION DEL76 PANEL-CIC-APPOINTMENT (8.18 PM)

PM-led panel meets to select new CIC, Rahul gives dissent note New Delhi: The committee headed by Prime Minister Narendra Modi to select the new Chief Information Commissioner met here on Wednesday and is learnt to have decided on the appointment of CIC and eight Information Commissioners, with Leader of Opposition in Lok Sabha Rahul Gandhi apparently giving a dissent note.

DEL77 PM-ISRAEL (8.29 PM)

Netanyahu calls PM Modi, briefs on West Asia situation New Delhi: Prime Minister Narendra Modi on Wednesday spoke with his Israeli counterpart Benjamin Netanyahu and discussed ways to further strengthen the strategic partnership between the two nations.

DEL69 UNESCO-ICH-3RDLD DEEPAVALI (7.31 PM)

India's Deepavali now on UNESCO Intangible Cultural Heritage list, PM hails inscription New Delhi: India's Deepavali, the festival of lights, was on Wednesday inscribed on the UNESCO's Representative List of the Intangible Cultural Heritage of Humanity, sparking celebrations on earning the coveted tag. By Kunal Dutt

PAR15 RS-VANDE-JAIRAM (4.31 PM)

Aim of debate on Vande Mataram is to malign Nehru: Jairam Ramesh New Delhi: The Opposition on Wednesday accused BJP leaders of distorting history, with Congress leader Jairam Ramesh saying that the whole aim of the debate on 150 years of Vande Mataram was to malign first prime minister Jawaharlal Nehru.

BOM34 GA-LD NIGHTCLUB-FIRE (7.50 PM)

Goa nightclub fire: Partner Ajay Gupta arrested; no court relief for absconding owners Panaji/New Delhi: Goa Police on Wednesday arrested Ajay Gupta, a partner in the controversial 'Birch by Romeo Lane' nightclub, even as two absconding owners failed to secure interim relief from a Delhi court on their plea for anticipatory bail.

BOM39 GA-NIGHTCLUB-FIRE-PROBE (8.14 PM)

Luthras booked Thailand tickets as fire raged at Goa nightclub: probe Panaji: Saurabh Luthra and Gaurav Luthra, the main accused and owners of the Goa nightclub where a massive blaze claimed 25 lives, booked tickets to Thailand within an hour of learning about the fire at their establishment, officials said on Wednesday.

DEL70 EC-SIR-DEAD VOTERS (7.46 PM)

SIR in 12 states, UTs: Parties to get list of dead, absent voters before draft roll is out New Delhi: The Election Commission (EC) on Wednesday said the booth-level agents appointed by political parties will be provided with a list of dead, shifted and dead voters before the publication of the draft voters' list in the 12 states and Union territories where the Special Intensive Revision (SIR) exercise is underway.

DEL71 ED-RELIANCE INFRA-LD SEIZE (8.18 PM)

ED seizes 13 bank accounts of Reliance Infra over FEMA 'violations' New Delhi: The Enforcement Directorate on Wednesday said it has seized more than a dozen bank accounts, holding about Rs 55 crore worth deposits, of Anil Ambani Group company Reliance Infrastructure as part of a hawala-linked FEMA investigation.

DEL66 H1B-VISA-INTERVIEWS-CANCEL (7.01 PM)

H1B visa interviews of thousands of applicants in India cancelled triggering outrage New Delhi: Pre-scheduled interviews of thousands of H-1B visa applicants slated for later this month in India have been abruptly postponed by several months apparently to scrutinise their social media posts and online profiles.

CAL20 WB-SHAHJAHAN-WITNESS- 2ND LD ACCIDENT (6.28 PM)

Prime witness in Sandeshkhali violence cases injured, son, driver killed in road accident Barasat: Bholanath Ghosh, one of the prime witnesses in the attack on ED officials in Sandeshkhali and connected CBI cases which implicated now-jailed TMC leader Sheikh Shahjahan, was injured when a truck collided with his car in West Bengal's North 24 Parganas district on Wednesday, a senior officer said.

CAL22 AS-FOREIGNER-LD HARASSMENT (7.11 PM)

Foreigner alleges harassment at Post Malone's concert in Guwahati Guwahati: Two foreigners were allegedly harassed and "touched without consent" at American rapper Post Malone's first Indian concert in Guwahati two days ago, one of them claimed in her social media account.

BUSINESS DEL68 BIZ-LD-INDIA US TRADE TALKS (7.30 PM)

US receives best ever offers from India, says USTR; two-day talks begin New Delhi: US Trade Representative (USTR) Jamieson Greer has said the US has received "best" ever offers from India on the proposed trade agreement amid commencement of two-day talks here between the two countries.

DEL61 BIZ-LD SATYA-NADELLA (6.28 PM)

Thrilled about data centre capacity coming up in India, discussed investments with PM Modi: Nadella New Delhi: Microsoft's investment plan reflects India's progress in the era of technology, its CEO Satya Nadella said on Wednesday, a day after announcing a whopping USD 17.5 billion AI-driven investment in the country and discussing funding plans with Prime Minister Narendra Modi.

LEGAL LGD29 DL-COURT-GOA-FIRE-LD LUTHRAS (7.31 PM)

Goa fire: Luthras fail to get interim relief, court to hear transit anticipatory bail on Thurs New Delhi: Saurabh and Gaurav Luthra, owners of Goa's Birch by Romeo Lane nightclub that caught fire killing at least 25 people, on Wednesday failed to get interim relief from a Delhi court which fixed their pleas seeking transit anticipatory bail for hearing the following day.

LGD30 SC-IAF-PERMANENT COMMISSION (7.46 PM)

No discrimination in grant of permanent commission to women officers in IAF, Centre tells SC New Delhi: The Centre on Wednesday refuted in the Supreme Court the allegation of discrimination and bias in grant of permanent commission to Short Service Commission (SSC) women officers in the Indian Air Force and said 243 men and 177 women were inducted since 2019.

LGD25 DL-HC-SALMAN KHAN (7.07 PM)

Bollywood actor Salman Khan moves Delhi HC for protection of personality rights New Delhi: Bollywood actor Salman Khan has approached the Delhi High Court seeking protection of his personality rights.

FOREIGN FGN44 UK-INDIA-TRADE (8.14 PM)

UK firms boost India presence, turnover hits Rs 5,693 bn as FTA growth unlocked: Report London: UK companies have expanded their footprint in India with a collective turnover of Rs 5,693 billion and a workforce of 552,902 employees over the past year as they tap into new growth unlocked by the Free Trade Agreement (FTA), according to an annual analysis released on Wednesday. By Aditi Khanna

FGN41 RUSSIA-INDIA-LAVROV (8.02 PM)

Lavrov lauds 'good friend' India for pursuing independent multi-vector foreign policy Moscow: Russian Foreign Minister Sergei Lavrov on Wednesday lauded "good friend" India for pursuing an independent multi-vector foreign policy. By Vinay Shukla

FGN37 UK-INDIAN-NURSE (6.55 PM)

British Indian nurse jailed for rape, sexual assaults at Scotland care home London: A 47-year-old nurse from Kerala has been sentenced to seven years and nine months' imprisonment after pleading guilty to rape and sexual assault offences at a care home in Scotland.

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