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    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
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    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.

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      Hiring surges 23% in 2025 as India prepares for a 1.28-crore job expansion in 2026: foundit insights tracker

      December 18, 2025

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      Bengaluru, 18 December 2025: India’s job market closed 2025 on a strong note, recording a +23% year-on-year increase in hiring activity, according to the foundit insights tracker (fit) by leading jobs and talent platform, foundit. This surge reflects robust employer confidence, steady recruitment across major industries, and the rising prominence of Tier-2 and Tier-3 cities as strategic talent hubs. However, growth in the second half of the year moderated to +4% over six months, indicating a shift toward more calibrated, productivity-led hiring. “2025 shaped up as a year of strong expansion but disciplined hiring. We witnessed the decentralisation of talent, with Tier-2 hubs becoming operational anchors for tech, BFSI, logistics and retail,” said Anupama Bhimrajka, VP, Marketing, foundit. “As we head into 2026, demand for AI-ready skills, strategic leadership, and mid-career digital talent will keep momentum high despite measured intake in some sectors.” HIRING TRENDS FOR 2025 NPOs, Consumer Electronics, and Healthcare & Pharmaceuticals Emerge as the Fastest-Growing Industries (YoY) With 24 out of 27 industries reporting a surge in recruitment activity over the past year, the data points to a broad-based revival in hiring sentiment. • Non-Profit Organisations (NPOs) emerged as the fastest-growing sector, with hiring up 55% YoY, reflecting rising demand for impact-led roles • Consumer Electronics (+53%) and Healthcare & Pharmaceuticals (+45%) saw strong momentum, driven by manufacturing expansion and healthcare demand • Core sectors such as Manufacturing (+39%), Logistics & Transportation (+37%), and Construction & Engineering (+34%) recorded steady growth, signalling infrastructure and supply-chain strength • Services-led sectors including Media & Entertainment (+36%), Retail (+34%), and BFSI (+27%) continued to expand alongside consumer demand and digital adoption Beyond the headline growth sectors, this momentum underscores how India’s job market is being powered by a mix of impact-led roles, manufacturing expansion and digital-first business models reflecting a labour market that is not just recovering but evolving at speed. Senior Management and IT Lead India’s Functional Hiring Growth With 11 of 13 functions reporting sustained annual growth, 2025 marks a clear revival in demand for specialised and leadership talent. Senior Management and IT roles are seeing the strongest momentum, driven by digital transformation, strategic expansion and the rise of AI-enabled business models. • Senior Management roles saw the strongest growth at +39% YoY, highlighting demand for strategic and transformation leadership • IT hiring rose 30% YoY, supported by digital modernisation and AI-led initiatives • Corporate support functions recorded healthy growth, led by HR & Admin (+33%) and Finance & Accounting (+25%) • Sales & Business Development (+23%) remained resilient as companies focused on revenue and market expansion • Creative and specialist roles, including Marketing & Communications (+14%) and Legal (+12%), saw steady but selective hiring The surge in mid-to-senior level hiring across HR, Finance and Sales indicates that companies are prioritising experienced professionals who can steer execution, strengthen governance and accelerate technology adoption in a rapidly evolving market. Tier-2 Cities Lead India’s Next Wave of Job Market Growth India’s job market in 2025 shows strong geographic momentum, with Tier-2 cities like Coimbatore and Ahmedabad emerging as high-growth talent hubs. • Tier-2 cities emerged as high-growth talent hubs, led by Coimbatore (+24%) and Ahmedabad (+19%), reflecting decentralised hiring strategies • Bengaluru (+23%) and Hyderabad (+21%) continued to anchor national hiring, driven by tech, manufacturing, and BFSI demand • Mumbai (+22%) and Pune (+19%) reinforced their strength in finance, consumer-facing, and enterprise roles Overall, 2025 saw hiring momentum spread beyond traditional metros, signalling a more distributed and cost-optimised talent model. The varied growth patterns across cities reflect a more distributed hiring landscape, with companies widening their talent search beyond traditional metros to support scale and regional market penetration. Experience Levels: Mid-Senior Talent Gains Ground • Mid-to-senior professionals (7–10 years) saw the strongest growth at +29% YoY, underscoring demand for execution-ready talent • Early-career hiring (0–3 years) grew 19% YoY, reflecting continued entry-level intake • Hiring for 4–6 years experience roles rose 15% YoY, indicating steady mid-level demand • 15+ years roles saw marginal contraction (-1%), pointing to more selective, lean leadership structures OUTLOOK FOR 2026 • India’s hiring outlook for 2026 signals steady growth, with overall recruitment expected to rise by 2.3 percentage points, translating to an estimated 1.28 crore jobs, and hiring concentrated in the first half of the year. • Demand will be strongest for mid-to-senior talent in digital, AI, cloud, data and cybersecurity, driven by continued enterprise transformation. • Tech, BFSI, manufacturing, infrastructure and renewable energy are set to lead hiring, with emerging sectors like fintech, health tech and electric mobility creating niche opportunities. • Hiring is expected to expand beyond metros as companies develop talent hubs in Tier 2 cities to optimise costs and access wider talent pools. • Overall, 2026 is shaping up to be a skills-led year of hiring, as growth expands beyond metros and strengthens India’s position as a resilient and future-ready talent market. Trends in Focus for 2026 1. Tech and Semiconductor Push Demand will remain strongest in AI, cloud, data engineering, cybersecurity, and embedded systems, supported by continued GCC expansion and early-stage semiconductor design activity in Bengaluru, Hyderabad, and select Tier-2 hubs. 2. Leadership and Mid-Career Demand Hiring is expected to continue favouring mid-to-senior professionals who can lead digital programmes, manage transformation roadmaps, and drive cost-efficient scaling as companies shift from pilot projects to enterprise-wide execution. 3. Tier-2 Talent Diversification Firms will increasingly be expanding support, operations, and select tech functions into Tier-2 cities to optimise cost structures and tap into growing engineering and digital talent pools outside metros. 4. Startups Regain Momentum Renewed funding across SaaS, fintech, health tech, and AI-first ventures is set to drive selective hiring in product, engineering, growth, and revenue roles, even as startups remain disciplined on non-core functions. Top Hiring Industries in 2026 India’s hiring outlook for 2026 is led by Consumer Electronics and Media, with a 5-percentage-point (pp) increase, followed by Healthcare, Life Sciences and Pharma at +4 pp. IT and Construction sectors are close behind at +3 pp. The core sectors and services are expected to see steady expansion, while trade-linked industries are likely to experience comparatively slower growth. Top Hiring Locations in 2026 In 2026, Bengaluru and Hyderabad are set to lead hiring with 3 percentage points growth, driven by tech, GCCs, AI, cloud, and semiconductor operations. Mumbai, Chennai, Pune, Kochi, and Tier-2 cities such as Coimbatore, Jaipur, and Baroda are expected to record a steady 2 percentage points growth, while Delhi-NCR remains flat. Overall, the trend reflects India’s shift toward a distributed, multi-city talent model. About foundit: foundit, formerly Monster (APAC & ME) is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 120 million job seekers across 18 countries in upskilling and connecting them with the right job opportunities. Over the last two decades, the company has been a leader in the world of recruitment solutions and has recently launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring. Additionally, foundit has been recognised as a Great Place To Work, reflecting its dedication to fostering a supportive and dynamic work culture. To learn more about foundit in APAC & Gulf, visit: www.foundit.in | www.founditgulf.com | www.foundit.sg | www.foundit.my | www.foundit.com.ph | www.foundit.com.hk| www.foundit.id (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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