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    ED raids several places in UP, Haryana in GST fraud case; over Rs 1 crore cash seized
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August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions pressured the rupee as dollar strength, crude concerns and geopolitical uncertainty shaped narrow USD/INR trading.
Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.
August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.
August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.

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Customs & Trade

Celebrities, politicians, corporate giants in Delhi HC in 2025 seeking relief

December 31, 2025

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New Delhi, Dec 31 (PTI) Several Bollywood stars, senior politicians and corporate giants approached the Delhi High Court in 2025 seeking relief in high-profile legal disputes ranging from protection of their personality to constitutional rights.

The entire judiciary was rocked after burnt wads of huge currency notes were found at the official residence of Justice Yashwant Varma, the then sitting Delhi High Court judge, on March 14. He is currently serving at Allahabad High Court sans judicial work and facing parliamentary inquiry ahead of probable impeachment motion for his removal.

The high court remained in news for suspending the life sentence of expelled BJP leader Kuldeep Sengar, who was convicted for raping a minor girl, and also for denying bail to 10 persons including Umar Khalid and Sharjeel Imam in the "larger conspiracy" case of February 2020 riots by ruling that "conspiratorial" violence under the garb of demonstrations or protests by citizens cannot be allowed.

However, the decision suspending the life term of Sengar was quickly stayed by the apex court amid huge public uproar over the high court order.

Big shots including Bollywood actors Aishwarya Rai Bachchan, her husband Abhishek Bachchan, her mother-in-law Jaya Bachchan, Salman Khan, Hrithik Roshan, R Madhavan and Ajay Devgn, filmmaker Karan Johar, singer Kumar Sanu, Telugu actor Akkineni Nagarjuna, 'Art of Living' founder Sri Sri Ravi Shankar, journalist Sudhir Chaudhary and podcaster Raj Shamani approached the high court seeking protection of their personality and publicity rights. The court granted them interim relief.

The list also includes Telugu actor NTR Junior and Andhra Pradesh Deputy Chief Minister Pawan Kalyan and former cricketer Sunil Gavaskar who urged the court to protect their personality rights by restraining unauthorised use of their name, image, likeness, persona and voice.

Bollywood actress Karisma Kapoor's two children also hotly contested their suit in the high court challenging the authenticity of the purported will of their late father Sunjay Kapur with the kids accusing his wife Priya Kapur of being "greedy" and terming her "Cinderella stepmother".

Priya Kapur also left no stone unturned to defend herself and the will of her husband, who passed away in June after collapsing and reportedly suffering a cardiac arrest during a polo match in England, her husband's will and informing the court that the actress' children have already received Rs 1,900 crore from the family trust. Karisma's children are seeking share in the assets reportedly worth Rs 30,000 crore.

The year also saw challenge on release of several movies, including "Dhurandhar", "Udaipur Files", "2020 Delhi", in theatres and web series on OTT platforms with the high court either refusing to interfere or granting partial reliefs.

The high court also set aside the CIC orders directing disclosure of details related to Prime Minister Narendra Modi's bachelor degree and BJP leader Smriti Irani's class 10 and 12 records, saying just because they were holding a public office, it did not render all their "personal information" to public disclosure. An appeal against the single judge's order is pending before a division bench.

At the fag end of the year, the high court asked Congress leaders Sonia and Rahul Gandhi and others to respond to a plea by the Enforcement Directorate challenging the order of the trial court that refused to take cognisance of its charge sheet against them in the National Herald case.

Besides them, several other politicians like TMC leaders Mahua Moitra and Saket Gokhale, AAP leaders Arvind Kejriwal, Manish Sisodia and Atishi and Jammu and Kashmir MP Sheikh Abdul Rashid were also in the high court contesting their respective legal battles.

Taking student leaders to task, the high court pulled up the authorities and Delhi University Student Union candidates over the defacing of public and private property during campaigns and showing muscle and money power.

It highlighted that students’ suicides are becoming more frequent and emphasized that a proper, functional and effective anti-ragging helpline is an immediate and utmost necessity.

In a separate case related to the death of law student Sushant Rohilla by suicide in 2016 after allegedly being barred from sitting for the semester exams due to lack of requisite attendance, the high court passed a slew of directions including that no law college or university can bar students from taking examinations due to lack of minimum attendance and directed the Bar Council of India to re-evaluate the mandatory attendance norms.

It also held as maintainable and agreed to hear a plea by the Popular Front of India (PFI) against a tribunal order upholding the Centre's five-year ban on the group. Several accused in terror funding cases also failed to get any relief from the high court.

Corporates like Apple Inc, Indigo and Spicejet were also contesting their legal battles in the high court. While Tech giant Apple approached the high court challenging CCI’s direction to furnish its audited financial statements, interGlobe Aviation which operates the IndiGo airline sought refund of more than Rs 900 crore paid as customs duty on aircraft engines and parts re-imported into India after overseas repairs.

PILs were also filed against Indigo to compensate passengers affected by the cancellation of hundreds of its flights in November and December, citing changes in the pilots’ flight duty and regulatory norms.

In the case concerning SpiceJet, the high court dismissed an appeal of media baron Kalanithi Maran challenging a certain portion of a single judge's order upholding an arbitral award in relation to his dispute with the airlines and its promoter Ajay Singh. Though the arbitral tribunal had passed the award in favour of Maran and his company Kal Airways, it had rejected certain claims raised by him.

In a jolt to the hospitality industry, the high court dismissed the petitions of restaurant bodies against the Central Consumer Protection Authority (CCPA) guidelines prohibiting hotels and restaurants from mandatorily levying service charge on food bills. It held that this was against public interest and amounted to unfair trade practice.

Several COVID-19 related matters also saw closure in 2025 with the high court quashing a criminal case against Indian cricket team head coach Gautam Gambhir, his foundation and others for allegedly illegally stocking and distributing COVID-19 drugs during the pandemic.

The court also quashed 16 cases against 70 Indian nationals for housing foreign attendees of Tablighi Jamaat congregation in March 2020 allegedly in violation of COVID-19 norms.

The high court saw several fresh appointments of judges, transfers, retirements and elevations during the year, taking its current strength to 44 as against the sanctioned strength of 60. PTI SKV SJK ZMN

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