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    HDFC Bank board imposes Rs 1 lakh penalty on its MD, CFO and Group head in MSRDC case
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    July 27, 2026
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    RBI direction compliance prompted internal disciplinary action over deposit mobilisation and marketing-expenditure payments, with the matter referred to RBI.
    HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India.
    July 27, 2026
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    Precious-metal market pricing rebounds as easing inflation concerns, global bullion strength and lower yields support gold and silver.
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    July 27, 2026
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    Consumer financing eligibility supports instalment purchases of washing machines through partner stores, requiring in-person application and approval.
    Consumer financing for Panasonic washing-machine purchases is available through Bajaj Finance partner stores under an Easy EMI Loan or Insta EMI Card, subject to eligibility and available credit limits. Repayment is offered through instalments over specified tenures, with zero down payment available on select models. Buyers must be physically present at a partner store to apply. The process includes comparing models, verifying pre-approved eligibility through mobile-number and OTP verification, evaluating the product in store, selecting an EMI plan, and completing the transaction after approval.
    July 27, 2026
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    MBA campus placements across industry-linked management programmes report recruitment activity spanning finance, analytics, technology, supply chain, healthcare and marketing roles.
    Chandigarh University reports MBA placement activity during 2025 and 2026 across banking, information technology, financial technology, healthcare, retail, analytics, consumer goods and automobile sectors. It describes placements in flagship, applied finance and analytics, and industry-collaborated MBA programmes, including marketing, human resources, operations, supply chain, business analytics, digital marketing, financial technology, data science and healthcare management. The release identifies industry collaborations and participating recruiters, and is issued under a PRNewswire arrangement with PTI disclaiming editorial responsibility.
    July 27, 2026
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    General Counsel leadership now integrates commercial decisions, regulatory risk, legal-team design, and technology adoption within corporate management.
    Corporate legal departments are evolving from compliance-focused functions into strategic business partners. The General Counsel's role encompasses commercial decision-making, regulatory and reputational risk, acquisitions, market entry, contracts, disputes, crisis management and technology adoption. Increased regulatory complexity and the growth of legal capability centres require proactive legal functions with appropriately structured teams, processes, workflow allocation, and use of technology and artificial intelligence.
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    Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification.
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    July 27, 2026
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    UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting.
    A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
    July 27, 2026
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    Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions.
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    July 27, 2026
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    FCV tobacco market stability was reviewed with emphasis on protecting growers' interests and considering long-term measures for the sector. The delegation inspected Tobacco Board auction operations, interacted with growers on prevailing market conditions, and noted the transparent and orderly conduct of auctions. The Government is monitoring developments and examining appropriate measures with the State Government, Tobacco Board and stakeholders to safeguard FCV tobacco farmers' interests.
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    Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance.
    The Corporate Mitra Scheme seeks to strengthen MSMEs by connecting them with accredited para-professionals providing affordable compliance and business-support services. Corporate Mitras are envisaged to assist with regulatory compliance, finance, taxation, accounting and governance, allowing enterprises to focus on growth. The scheme also trains young graduates in industry-relevant skills and creates employment opportunities. IICA Shillong serves as the nodal agency for coordination, stakeholder liaison, promotion and awareness in the North Eastern Region.
    July 26, 2026
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    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
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    July 26, 2026
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    Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access.
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
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    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
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    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
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    July 24, 2026
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    Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.

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      Conservative Kast's victory in Chile suggests a hard-right, pro-Trump surge across Latin America

      December 16, 2025

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      Santiago, Dec 16 (AP) Chile has become the latest country in Latin America to veer toward the right, electing a deeply conservative veteran politician who has long attracted comparisons to Donald Trump.

      The president-elect, Jose Antonio Kast, has expressed nostalgia for the 17-year military dictatorship of the late Gen Augusto Pinochet, opposed the legalisation of same-sex marriage and advocated in recent years for a constitutional ban on abortion.

      Those stances, which some say sabotaged Kast's previous presidential bids in the increasingly liberal country, didn't seem to matter in Sunday's election.

      Instead, Kast, 59, won a landslide victory by tapping into a deep well of resentment at the status quo in a country whiplashed by an unprecedented rise in organised crime and disappointed by the failure of President Gabriel Boric to live up to his grand promises of change.

      A dramatic turn from two decades ago ----------------------------------------- Experts say this reflects the pervasive anti-incumbent mood that has gripped South America and, significantly, boosted the radical right at time when Trump is seeking to influence the region's political future.

      It's a dramatic turn from only two decades ago, when the commodities boom brought the so-called “pink tide” of left-wing leaders like the late socialist icon Hugo Chavez who whipped up voters by railing against US imperialism and vowing to redistribute government revenues.

      “The last decade, it's been rough,” said Steven Levitsky, a Harvard political scientist. “And the people who get blamed for stagnant economies, rising crime -- or, rising perceptions of crime at least -- and not insignificant corruption are those who've been in power, and that's the left.” A continental shift ------------------- Across South America this year alone, voters strengthened the mandates given to anarcho-capitalist President Javier Milei in Argentina and iron-fisted President Daniel Noboa in Ecuador, rather than return their countries to the left-wing traditions that held sway previously.

      In Bolivia, October saw the election of right-wing President Rodrigo Paz end nearly two decades of socialist rule.

      In Peru in recent weeks, demand for a ruthless approach to organized crime has caused political chaos and empowered the country's right-wing politicians ahead of the 2026 presidential election.

      Last week, partial results in Honduras' paralysed presidential vote showed a conservative former mayor endorsed by Trump and his right-wing sportscaster rival deadlocked in a stunning rebuke of the incumbent left-wing government.

      Chile's turn at the polls ------------------------ Then, on Sunday, voters traumatised by insecurity, angry about uncontrolled migration and frustrated with a dispiriting economy chose Kast over Jeannette Jara, his communist rival from the centre-left governing coalition who failed to persuade them that she was something other than the continuity candidate.

      Experts say the new Latin American hard right underscores Trump's influence.

      Speaking to reporters in Washington, Trump praised Kast on Monday as “a very good person,” adding, “I look forward to pay(ing) my respects to him.” Like Milei and Brazil's ex-President Jair Bolsonaro, Kast has been a fixture on the global speaking circuit of the Conservative Political Action Conference, decrying socialism, lambasting “gender ideology” and vowing the mass deportations of immigrants.

      “The far right is not a majority anywhere, it's usually 25-30 per cent of electorates, but it's punching above its weight because it has a real ideological project,” said Levitsky. “They've got political momentum right now, and that clearly helped in Chile.” At Kast's victory rally Sunday in Santiago, Chile's capital, supporters waved American flags, sported red “Make Chile great again” caps and raised banners emblazoned with Milei's 2023 campaign slogan, “The force of change.” A moment of reflection for the left ------------------------------------- Just four years ago, deep-rooted social discontent and popular mistrust of the political elite helped bring a new crop of left-wing leaders to office.

      In Chile, President Boric, a firebrand former student protest leader, came to power on the back of social unrest over inequality that presented a rare opportunity for his government to transform the market-led economy.

      But within months, a series of legislative defeats, a corruption scandal and an unprecedented wave of organised crime derailed his ambitions. His approval ratings dropped from 50 per cent to less than 30 per cent — and never recovered.

      In Colombia, progressive President Gustavo Petro was elected on plans to help the poor and achieve what he called “total peace” with the nation's many armed groups. Now, with just months to go until presidential elections that could swing the country back toward the right, Petro's most ambitious reforms are stuck in Congress. The militias haven't put down their guns.

      Mexico stands out as an exception to the regional trend. President Claudia Sheinbaum, who was ushered into office last year by ex-President Andres Manuel Lopez Obrador, has enjoyed soaring approval thanks to the association with her hugely popular mentor and measured handling of a volatile relationship with Trump.

      But while Milei and other regional conservative leaders hailed Kast's win as another milestone in their ideological movement's continental sweep, Sheinbaum on Monday urged fellow left-wing leaders to learn from defeat.

      “This is a moment of reflection,” she said. “We have to analyse what happened in Chile.” Kast speaks to Chile's reality ------------------------------ Kast has praised the crime-fighting tactics of El Salvador's Nayib Bukele, touring his 40,000-capacity mega prison last year. His vows to cut a staggering USD 6 billion from the budget in just 18 months have drawn comparisons to Milei's chainsaw methods.

      But in stark contrast to his ideological allies, Kast promoted himself as a moderate in this election runoff against Jara, whose lifelong membership in Chile's hard-line Communist Party led many voters to view her as a radical despite her vows of fiscal restraint.

      “He's not who I wanted, but at the end of the day, he's the least bad option,” said Carol Mesa, 54, who backed the right-wing establishment candidate, Evelyn Matthei, eliminated in the first round of voting last month. “I couldn't vote for a communist.” Despite his budget-slashing ambitions, Kast promised not to touch social benefits. He defended the free-market institutions that have guided Chile's economy over 35 years of democracy. And the devout Catholic and father of nine managed to avoid all talk of moral conservatism.

      “The main issues are crime and immigration, and that's why the majority of the middle class geared up to vote against continuity and in favour of Kast,” said Kenneth Bunker, a Chilean political analyst. “They saw him as somebody that can deliver results that are much needed.” In his first act as president-elect, Kast tried to narrow Chile's divisions and calm the fears of his critics, promising to “be the president of all Chileans.” “They say we are not good at agreements," he said. “We are going to surprise them.” (AP) MPL MPL MPL

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