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    ED arrests ex-panchayat CEO who allotted govt funds for fake marriages during COVID lockdown
    Goyal blames market conditions for Jet Airways' downfall; ED says he 'bled airline to death'
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    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
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    Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
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September 4, 2026
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Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
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Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.
September 4, 2026
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Personal security frameworks evolved from elite guards into intelligence-led protection systems, while VIP culture can distort their necessity.
Personal security evolved from elite guards into structured systems combining physical protection, intelligence, technology and specialised protocols. Prime Ministerial security in India was reorganised after the 1984 assassination of Prime Minister Indira Gandhi by her bodyguards. A commission recommended a single protective agency, leading to the formation of the Special Protection Group in 1985. Statutory parameters introduced in 1988 sought to rationalise and scientifically streamline protection arrangements. Advanced technology, training, intelligence and protocols do not eliminate personal-protection vulnerabilities, and security is characterised as a necessity rather than a status symbol.
September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
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Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.
September 3, 2026
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Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
Unauthorised digital applications allegedly enabled toll collection from vehicles without FASTag stickers outside the official reporting system. Mobdata and Any were allegedly used to generate unauthorised or fake toll receipts, conceal collections from NHAI, and monitor such collections through dedicated portals. A PMLA investigation followed an FIR alleging fraudulent toll collection, with digital forensic material indicating use of the mechanism across around 100 toll plazas. Searches resulted in seizure of financial and digital records and freezing of bank accounts.
September 3, 2026
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Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
Capacity-building training under the Indian Technical and Economic Cooperation programme equipped officers from member countries with practical skills for investigating economic offences. It covered varied forms of financial and economic crime, cross-border impact, challenges in investigation and prosecution, standard operating procedures, and investigative best practices. The specialised law-enforcement engagement aims to strengthen international cooperation and investigative capacity in economic-offence matters.
September 3, 2026
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Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
Alleged unauthorised use of Aadhaar Registrar/EA Code credentials after termination of an operational engagement led the Delhi Construction and Other Workers Welfare Board to blacklist MDS Solution Pvt Ltd. UIDAI communication indicated that Aadhaar-related activity allegedly continued after cancellation through the Board's credentials. The Board lodged a police complaint, barred the firm from its tenders, procurement processes, empanelment and contract awards, and recommended consideration of action under applicable rules and policies.
September 3, 2026
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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.

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Voices of Distinction: Ten Professionals Creating Enduring Impact

January 9, 2026

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CHANDIGARH, India, Jan. 8, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly recognizes Voices of Distinction: Ten Professionals Creating Enduring Impact. Extending well beyond conventional roles, they emerge as mentors, thought pioneers, and drivers of change—fostering creativity, analytical thinking, ethical governance, and social accountability. Through their influential professional contributions, visionary leadership, and active community involvement, these remarkable individuals inspire generations to dream ambitiously and lead with purpose. Their shared impact creates a lasting legacy, establishing them as true architects of progress and guiding pillars for the nation's future. Dr. Ravineet R. Sami: Dr. Ravineet R. Sami is a respected leader in financial governance and higher education, with over two decades of experience defined by strategic vision, disciplined leadership, and commitment to institutional excellence and nation-building. As Chief Finance, Planning, and Development Officer at The University of Fiji, he has strengthened financial sustainability, governance frameworks, and long-term growth through digital transformation, infrastructure development, and robust compliance systems. A strong advocate of lifelong learning, Dr. Sami holds a Professional Doctorate in Leadership Management, an Honorary Doctorate in Accounting and Financial Management, an MSc in Finance and Investment, multiple MBAs, and prestigious international fellowships from Australia, New Zealand, and the United Kingdom. Beyond his institutional role, he serves as an Ambassador for the Association. Mr. Harish Chelani (CEO & Founder): Mr. Harish Chelani is a global entrepreneur whose rise from modest beginnings to a multi-million-dollar enterprise reflects vision and execution. Arriving in Dubai in 2003 with a salary of 1,000 AED, he worked relentlessly, often putting in 18 hours a day, to master global trade, consumer behavior, and supply chains. In 2014, he founded the Jumbo Master Group of Companies, now comprising 13 businesses across the UAE, Africa, and Oman, with active expansion into real estate and a large-scale entry into the Indian market underway. The group operates across FMCG and real estate, generating over USD 500 million annually. Its flagship brand, Classy, manages 250+ SKUs across food, non-food, and personal care, distributed in 1,500+ stores across 35+ countries. In 2025, the group won Best International Food Brand of the Year, while Mr. Harish Chelani received Best Innovative Businessman of the Year. Dr. Sanjeev Kumar: Dr. Sanjeev Kumar is a distinguished scholar, entrepreneur, and Supreme Court advocate whose career reflects a rare integration of literature, law, and leadership. He holds a Doctor of Literature (D.Lit.) along with advanced qualifications from MIT, Boston, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India, underscoring his academic and professional depth. With over 35 years of experience, he has successfully led organizations such as India Netbooks Pvt. Ltd. and BPA Advisory Limited, contributing significantly to finance, corporate governance, and legal strategy. A prolific author of 290 books across literature, law, and children's education, he stands among India's most versatile intellectuals. As Founder-Chairman of BPA Foundation and Vama Academy, he actively promotes language learning and empowerment. Mr. Pritesh Patel: Pritesh Patel is the Founder and CEO of Akshar Holdings, a UAE-based diversified group with operations spanning real estate leasing, brokerage, holiday homes, and allied services. Established in 2018, the organization was built on principles of trust, operational discipline, and long-term value creation. His entrepreneurial journey began in general trading, where early challenges shaped his conviction that sustainable businesses are driven by structure, patience, and accountability. Over time, he strategically expanded Akshar Holdings across the UAE, India, and select international markets. Known for his grounded and methodical leadership style, he prioritizes stability, compliance, and consistent performance. Patel remains focused on building resilient enterprises that create enduring value for clients, partners, investors, and the communities they serve with integrity and vision. Dr. Venugopal Reddy: Dr. Venugopal Reddy Iragamreddy, MBBS, DCH, MRCPCH, DSc, FRCPCH, FRACP, MBA, PhD, is an internationally recognised paediatrician, community health advocate, and healthcare leader with over fourteen years of clinical, academic, and administrative experience. At Ovum Woman and Child Specialty Hospital, Bengaluru, he has strengthened paediatric and community healthcare through evidence-based practice, quality systems, and structured hospital governance. A prolific academic, he has authored more than 150 peer-reviewed research papers and twelve medical books, contributing significantly to paediatric education and clinical preparedness. He also serves as Course Director for MRCPCH and MRCOG training programmes and is a recognised faculty member of the American Academy of Pediatrics and the Royal College of Paediatrics and Child Health. Beyond institutional roles, Dr. Reddy leads community health initiatives with organisations such as UNICEF and the United Nations Volunteers programme, focusing on maternal and child health, preventive care, public health awareness, and equitable access. Dr. Anupam Narula: Dr. Anupam Narula is a renowned Professor of Marketing and Head of Public Relations and Communication at Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi. With over 30 years of rich experience spanning teaching, research, consulting, training, industry engagement, and institution building, he is widely recognised as a thought leader in management education. He has held key academic leadership roles including Founder Director, Dean, Head of Department, and Area Chairman, and has been associated with premier institutions such as FORE School of Management, Amity University, BIMTECH, and Jaipuria Institute of Management. Dr. Narula holds a Ph.D. in Economics, multiple postgraduate qualifications, and international certifications, with core expertise in consumer behaviour, service marketing, global innovation strategy, and marketing for higher education institutions. Dr. Dharmesh J. Shah : Dr. Dharmesh J. Shah is a nationally respected academic leader shaping India's higher education and research landscape. With over three decades of experience, he blends scholarly depth with strategic vision to build institutions that are research-driven, innovation-focused, and globally connected. An expert in Artificial Intelligence, Digital Image Processing, and VLSI Design, he has authored more than 100 research publications and holds multiple patents, reflecting his commitment to application-oriented innovation. Renowned for academic governance and curriculum reform, Dr. Shah has championed interdisciplinary learning, ethical leadership, and strong industry integration. As a mentor and thought leader, he has guided countless scholars and educators, playing a pivotal role in nurturing future talent and strengthening India's position as a competitive, knowledge-driven nation worldwide today. Mr. Vikram Kamrendra Singh: The artistic journey of Vikram Kamrendra Singh spans more than three decades of discipline and thoughtful exploration. A contemporary Indian artist, he is known for a refined visual language defined by minimal lines, symbolic restraint, and conceptual depth. His work explores time, memory, literature, and inner consciousness, inviting reflection rather than spectacle. Over the years, he has exhibited at respected institutions including AIFACS Gallery, Nehru Centre Mumbai, Arpana Art Gallery, India Habitat Centre, and the Gaiety Theatre Cultural and Heritage Complex, Shimla. Beyond gallery spaces, his illustrations and designs have appeared in books, journals, and publications, bridging visual art and literature. Recently conferred an Honorary Doctorate in Visual Art, Singh's career reflects integrity, patience, and enduring artistic relevance globally. Mr. Biswajit Chowdhury: Mr. Biswajit Chowdhury is a respected leader in India's social reform and community development space, known for decades of consistent humanitarian service. With over twenty-five years of active engagement, his work reflects integrity, perseverance, and a deep commitment to inclusive growth. A former President of the Rotary Club of Kolkata, he has focused on translating social responsibility into practical, sustainable action. His initiatives span public health, sanitation, community welfare, and organizational development, closely aligned with national priorities and grassroots needs. Honored with the Bharat Ratna Samman, his contributions are recognized nationally and internationally, not merely for achievements, but for a life devoted to ethical leadership, social harmony, and long-term societal transformation that continues to inspire future generations across communities. Dr. Ananth Vaidyanathan: Dr. Ananth Vaidyanathan, born into a middle-class Brahmin family in Kerala, exemplifies how perseverance, discipline, and passion can transform ambition into achievement. His professional journey began humbly as a bellboy at a five-star hotel in Hyderabad, from where he steadily rose through dedication and hard work. Over the years, he served across the hospitality spectrum, holding roles from kitchen steward and cook to general manager and senior vice president. For the past eighteen years, he has successfully led his own hospitality enterprise, Touch of Class, as its CEO. A doctorate holder from Panama University, he is among only four professionals in Maharashtra with a PhD in Hospitality. Honored with multiple national awards, he also leads the Bhagyam Impact Foundation. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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