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    Tata Sons reappoints Chandrasekaran, but Tata Trusts call the vote 'illegal', setting up boardroom battle
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September 17, 2026
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Board reappointment validity depends on shareholder-nominated director consent, directorship quorum concerns, and leadership continuity amid listing compliance.
Tata Sons' board approved by majority vote the Executive Chairman's reappointment for a further five-year term after he reconsidered an earlier decision not to seek renewal. Tata Trusts contest the validity of the resolution, maintaining that the Articles of Association require affirmative votes from both Trust-nominated directors and that a dissenting vote renders a chairmanship resolution legally void. They also cite the accepted succession process and unresolved directorship status arising from a general meeting lacking quorum.
September 17, 2026
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Buyer-seller engagement supports sourcing and export-market opportunities for tools and hardware businesses through an international trade fair.
International Hardware Fair India 2026 is scheduled for 23-25 October 2026 at Bharat Mandapam, New Delhi, as a trade platform for the tools and hardware sector. Organised by Koelnmesse in association with the Federation of Indian Export Organisations, it is intended to facilitate product discovery, sourcing activity and exploration of domestic and international markets. Its Reverse Buyer-Seller Meet will bring hosted international buyers together with Indian manufacturers and suppliers for direct discussions on product presentations, buyer requirements and export-market opportunities.
September 17, 2026
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Financial services technology interoperability drives new card, digital banking and UPI platforms for banks, fintechs and consumers.
86400 has expanded its financial-services technology portfolio through CardsXT as a Service, a UPI app experience and IBMB, extending its activities across card-programme infrastructure, consumer-facing digital payments and digital banking. CardsXT is intended to let banks and fintechs build, launch and manage card programmes through an integrated offering, with flexibility to develop and scale card products while reducing card-lifecycle technology complexity. The UPI app experience provides a platform developed by 86400 for a more seamless consumer UPI payments experience.
September 17, 2026
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Intergovernmental fiscal coordination will guide deliberations on macroeconomic priorities, agricultural transformation, energy transition, growth measurement, and technology-enabled governance.
The thematic programme covers the macroeconomic outlook, financing agricultural transformation, and financing the energy transition. Background material addresses macroeconomic pathways, private financing, implications of GST 2.0 for States, agricultural markets and marketing, agricultural resilience and sustainable resource use, renewable energy and transmission assets, and carbon capture, utilisation and storage. Further sessions address measurement of growth outcomes and the contribution of new-age technology to good governance.
September 17, 2026
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GST-compliant festive planning helps apparel businesses protect input tax credit, manage price thresholds, inventory, cash flow and peak-season operations.
GST-sensitive festive planning for apparel businesses requires early procurement, phased inventory, supplier reorder commitments and separate stock strategies for the post-Diwali wedding season. Pricing and costing require assessment of the revised GST structure for readymade garments and GST-rate reductions affecting man-made fibres and yarns. Proper purchase documentation is important for protecting input tax credit during high-volume festive transactions. Cash-flow planning, credit limits, return policies, retail staffing, digital campaigns and weekly sell-through monitoring support replenishment and pricing decisions.
September 17, 2026
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Competitive Tender Conditions: allegations question replacement of a public-sector power project with terms allegedly favouring a single supplier.
Allegations of tender tailoring concern the replacement of a proposed UJVN-THDC public-sector thermal project with long-term procurement of 1,320 MW from a private generating plant. Congress alleges that 84 of 86 tender conditions were revised after the public-sector venture was abandoned, producing terms suited to an existing Korba expansion acquired by Adani Power through insolvency proceedings. The objections include plant-location flexibility, transmission costs for supply to Uttarakhand, and a 75% fixed-charge ceiling, which are alleged to narrow competition and shift long-term costs to consumers.
September 17, 2026
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Upper-layer NBFC listing requirements drive Tata Sons' listing process and proposed leadership renewal, subject to shareholder approval.
RBI's refusal to permit Tata Sons to surrender its core investment company registration revives the prospect of a public listing. Classified as an upper-layer non-banking financial company, Tata Sons is subject to a listing requirement whose deadline expired while its deregistration request was under consideration. Its board has agreed to advance the listing process, subject to annual general meeting approval. Any legal challenge to the refusal of deregistration may be pursued by Tata Sons itself rather than directly by the Tata Trusts.
September 17, 2026
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Mandatory listing obligations for upper-layer non-banking financial companies drive leadership continuity planning after deregistration is rejected.
Rejection of Tata Sons' request to deregister as a core investment company leaves it subject to the mandatory listing obligation arising from its upper-layer non-banking financial company classification. The board's majority support for N. Chandrasekaran's third term is linked to maintaining leadership continuity for prospective investors if a public listing proceeds.
September 17, 2026
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Gulfood partnership expands market access for food exporters through global buyer engagement and broader inclusion of emerging enterprises.
APEDA and InD Events Dubai have entered into a memorandum of understanding to support India's participation as Official Partner Country at Gulfood 2027. The partnership is directed at increasing global visibility for India's agricultural and processed food products, connecting Indian exporters with international buyers, and expanding market-access and business-engagement opportunities. Participation will bring together exporters, farmer producer organisations, MSMEs, startups, commodity boards and government institutions through product showcases, curated business-to-business meetings, conferences and industry engagements.
September 16, 2026
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Foreign exchange pressure drives rupee depreciation as a stronger dollar, capital outflows, and elevated crude prices weigh on markets.
Rupee depreciation continued for a seventh consecutive session, with the currency closing weaker against the US dollar amid overseas dollar strength and foreign fund outflows. Elevated crude oil prices and rising US Treasury yields increased pressure by raising importers' demand for dollars, while positive domestic equity markets limited the decline. Dollar strength reflected expectations of a US interest-rate increase, while domestic equity gains contrasted with net foreign institutional investor equity sales.
September 16, 2026
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Perpetual lease termination and public-premises eviction challenge turns on privity, statutory jurisdiction bar, and interim protection.
Challenges concern termination of Delhi Gymkhana Club's perpetual lease and a show-cause notice seeking eviction. The Government maintains that a member who is not party or privy to the bilateral lease has no personal estate in the land or right to restrain contractual resumption. It also contends that the Public Premises (Eviction of Unauthorised Occupants) Act bars civil-court eviction proceedings and injunctions against estate-officer action. The challengers seek a stay or status quo, arguing that the notice prematurely assumes valid lease termination.
September 16, 2026
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Lawful vehicle repossession requires contractual notice, due process, and safeguards against force, stealth, harassment, and arbitrary recovery methods.
Vehicle repossession by banks and non-banking financial companies must be lawful and fair despite contractual self-help repossession rights. Lenders and recovery agents must not use force, stealth, intimidation, harassment, or arbitrary methods. Legally valid repossession clauses must provide notice periods, lawful possession procedures, a final repayment opportunity, and sale or auction processes. Financial institutions must ensure recovery-agent compliance and prevent unlawful dispossession of borrowers from hypothecated vehicles.
September 16, 2026
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Credit rating transparency strengthens public enterprise access to debt markets through disclosure, risk assessment, and capital structure optimisation.
Objective and independent credit ratings measure CPSE financial strength, risk, credibility, and public-sector creditworthiness, supporting benchmarking and cost-effective access to global and domestic debt markets. Engagement between CPSE leadership and rating agencies focuses on rating methodologies, risk pricing, debt-market dynamics, transparent disclosures, and capital-structure optimisation. Such engagement is directed toward improving credit assessment, investor information, regulatory compliance, funding access at competitive rates, and market-facing disclosure practices.
September 16, 2026
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Raw-material security and import-duty reform are urged to strengthen ferro-alloy competitiveness amid expanding steel demand.
Ferro-alloy competitiveness depends on raw-material security, commercially viable domestic mineral access and lower input costs as steel demand expands. Faster exploration and development of manganese, chrome and other critical minerals, supported by mine-auction frameworks that encourage operational production, can reduce import dependence. Measures sought include zero import duties on unavailable-grade raw materials for noble alloys, competitive electricity costs and rationalised electricity levies. Cleaner energy, efficient furnaces, automation and improved raw-material utilisation are also necessary to reduce costs and emissions.
September 16, 2026
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Free trade agreement tariff liberalisation expands market access through phased concessions, services mobility pathways, safeguards, and investment commitments.
The free trade agreement grants duty-free access across all New Zealand tariff lines for Indian exports and provides Indian tariff liberalisation for a substantial share of New Zealand goods, while preserving exclusions for sensitive dairy, agricultural, industrial and other specified products. It provides duty-free entry, phased levy reductions, and quota-based concessions with minimum import price and other safeguards for identified goods. New Zealand also commits market access for Indian service suppliers and establishes skilled-employment, student-mobility and post-study work visa pathways.
September 16, 2026
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Expedited criminal trials involving real-estate directors require consolidated case details and safeguards against homebuyer inconvenience.
Supreme Court sought case details from the Enforcement Directorate and Delhi Police to facilitate expeditious criminal prosecution of Unitech directors without causing inconvenience to homebuyers. Protection of purchasers and completion of stalled housing projects remain central concerns. Project revival measures include RERA registration exemption for specified projects to enable stalled homebuyer loan disbursals, scrutiny of loan accounts classified as non-performing, and authority for the Centre-appointed board to raise outstanding funds, sell inventory, and monetise unencumbered assets for completion of housing units.
September 16, 2026
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RCMC exemption for eligible small-value exports reduces upfront registration requirements while preserving compliance for larger consignments.
RCMC or Certificate of Registration is not required, wherever otherwise mandated under the Foreign Trade Policy, 2023, for export consignments with a Free-on-Board value of up to Rs. 3 lakh. Export consignments exceeding that threshold continue to require a valid RCMC or Certificate of Registration wherever applicable. The exemption reduces the initial registration burden for MSMEs, artisans, small businesses, first-time exporters and occasional exporters undertaking eligible small-value exports, including through Postal, Courier, e-commerce and other emerging channels.
September 16, 2026
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Methamphetamine trafficking enforcement enabled coordinated vehicle interceptions, contraband seizures, and arrests under narcotic drug control law.
Intelligence-led narcotics enforcement led to the interception of four trucks in Assam and Tripura suspected of carrying methamphetamine tablets concealed in vehicle cabins. A total of 231.8 kg of suspected methamphetamine tablets, along with all four vehicles, was seized under the NDPS Act, and three persons were arrested. The action involved coordinated surveillance, interception and searches directed at an alleged drug-smuggling syndicate.
September 16, 2026
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Authorised Economic Operator programme advances trusted trade through risk-based customs facilitation, streamlined EMI documentation, and stakeholder-led reforms.
India's Authorised Economic Operator Programme promotes voluntary compliance, supply-chain security, risk-based customs administration and predictable cross-border movement of goods. Compliant trade and logistics entities may receive simplified customs procedures and risk-based facilitation. Proposed process reforms include uniform operating procedures, applicant checklists, single-deficiency processing, time-bound applications, clearer financial-solvency requirements, and strengthened client relationship and validation arrangements. Documentation under the Eligible Manufacturer Importer Scheme has been reduced, supporting lower compliance burdens and a pathway towards higher AEO tiers.
September 16, 2026
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Fraudulent procurement of a second passport allegedly involved false identity records, a false loss report, and overseas travel.
Alleged fraudulent procurement of a second passport arose after a passport had been surrendered in money-laundering-related proceedings. Authorities allege that the individual falsely reported the passport as lost and obtained another passport through false information, including an incorrect address in identity documentation and supporting records. The second passport was allegedly used for international travel. Criminal proceedings concern alleged forged documents, false representations and passport-related offences under the Bharatiya Nyaya Sanhita and the Passports Act.

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Maharashtra votes for high-stakes civic polls on Jan 15; Mumbai key battleground

January 14, 2026

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Mumbai, Jan 14 (PTI) As Maharashtra heads to the elections on Thursday for 29 municipal corporations, the spotlight is firmly on Mumbai, where the BJP-led Mahayuti is locked in a keen battle with the united Thackeray cousins Raj and Uddhav for control of the cash-rich BMC.

Polling for the 2,869 seats spread across 893 wards will begin at 7.30 am and end at 5.30 pm. A total of 3.48 crore voters are eligible to decide the fate of 15,931 candidates. In the Brihanmumbai Municipal Corporation (BMC), whose annual budget is over Rs 74, 400 crore, 1,700 candidates are vying for 227 seats in elections being held after a four-year delay.

Except for Mumbai, the other urban bodies have multi-member wards. Vote count will take place on January 16.

The polls, being held after a gap of several years due to various legal and administrative delays, are being seen as a "mini-assembly" battle that will test the ground strength of the split factions of the Shiv Sena and the NCP, as well as the electoral prowess of the ruling Mahayuti and the Congress.

Chief Minister Devendra Fadnavis, who spearheaded the campaign for BJP-led Mahayuti, has predicted that MNS leader Raj Thackeray would emerge as the biggest loser in his alliance with cousin and Shiv Sena (UBT) president Uddhav.

He dismissed the coming together of rival NCP factions in Pune and Pimpri Chinchwad as merely a localised development.

The CM led the ruling alliance’s canvassing, traversing the state to campaign for candidates of the Mahayuti, which includes his party BJP and the Eknath Shinde-led Shiv Sena.

These are the first BMC polls since the 2022 split in the Shiv Sena when Eknath Shinde broke away with a majority of the party’s MLAs. The undivided Shiv Sena held sway over India's richest civic body for 25 years (1997-2022).

More than 25,000 police personnel will be deployed across Mumbai to oversee elections to the BMC and vote counting.

In a significant political turn ahead of the elections, estranged cousins Uddhav and Raj Thackeray reunited after two decades in their bid to consolidate Marathi votes even as rival NCP factions forged a local alliance in Pune and Pimpri-Chinchwad.

The Congress has asserted its presence in Mumbai by stepping out of the shadow of its Maha Vikas Aghadi allies - Shiv Sena (UBT) and NCP (SP). The Congress has joined hands with Prakash Ambedkar’s Vanchit Bahujan Aghadi (VBA) and the Rashtriya Samaj Paksh in the state capital, even as it contests independently in Nagpur.

Elections to 29 municipal corporations are being held after a gap of over 6 years, with their terms having ended between 2020 and 2023. Of these, nine fall within the Mumbai Metropolitan Region (MMR).

The cities and towns going to polls are: Chhatrapati Sambhajinagar, Navi Mumbai, Vasai-Virar, Kalyan-Dombivli, Kolhapur, Nagpur, Mumbai, Solapur, Amravati, Akola, Nashik, Pimpri-Chinchwad, Pune, Ulhasnagar, Thane, Chandrapur, Parbhani, Mira-Bhayandar, Nanded-Waghala, Panvel, Bhiwandi-Nizampur, Latur, Malegaon, Sangli-Miraj-Kupwad, Jalgaon, Ahilyanagar, Dhule, Jalna and Ichalkaranji.

Fadnavis, along with his deputies Shinde and Ajit Pawar, campaigned across Maharashtra, while cousins Uddhav and Raj Thackeray concentrated their efforts on Mumbai, Thane, Nashik, and Chhatrapati Sambhajinagar.

Telangana minister Mohammad Azharuddin, AIMIM chief Asaduddin Owaisi and Tamil Nadu BJP leader K Annamalai were also among the star campaigners.

Populist promises for women were key features of the manifestos of both Mahayuti and the Shiv Sena (UBT)-MNS.

The Mahayuti has promised a 50 per cent concession for women in BEST bus travel, while the Thackeray cousins have assured a Rs 1,500 monthly allowance for women domestic helps and a property tax waiver on houses up to 700 sq ft.

The Congress manifesto, by contrast, prioritises combating Mumbai’s pollution, upgrading the BEST fleet, and strengthening the city’s financial health.

The race for Mumbai’s mayoral post took centre stage in the campaign, with the BJP claiming that a Sena (UBT) victory could lead to a Muslim mayor, a charge the Uddhav Thackeray-led party countered by assuring voters of a Marathi mayor.

Fadnavis also guaranteed that the next mayor will be a "Hindu and Marathi".

In Mumbai, the BJP is contesting on 137 seats, the Shiv Sena 90, while the NCP is fighting separately on 94 seats. The Shiv Sena (UBT) has fielded 163 candidates, the MNS 52, the Congress 143 and the VBA 46. The Congress has fielded 1,263 candidates across the rest of the state.

Mumbai will see several prominent candidates battling it out for supremacy in civic polls. These include former MLA Sada Sarvankar's son and Shiv Sena candidate Samadhan, who is contesting from Ward 194 in Worli, the constituency of Shiv Sena (UBT) MLA Aaditya Thackeray.

Sada Sarvankar's daughter Priya Gurav Sarvankar is contesting from Ward 191 (Mahim). Saurabh Ghosalkar (Shiv Sena-UBT), son of former MLA Vinod Ghosalkar, is contesting from Ward 7 (Dahisar).

Nishikant Shinde (Shiv Sena-UBT), brother of Shiv Sena (UBT) MLC Sunil Shinde, is locked in a prestige battle in Central Mumbai. Assembly Speaker Rahul Narwekar's relatives Makrand, Harshita and Gauravi Shivalkar are in the fray in different wards in Colaba.

Shiv Sena (UBT) MLA Sunil Prabhu's son and BJP leader Kirti Somaiya's son Neil are also in the fray. Former mayors who are once again in the poll ring include Kishori Pednekar, Shraddha Jadhav, Milind Vaidya and Vishakha Raut.

Several leaders who lost Assembly or parliamentary polls are also in the ring. Yamini Jadhav (Shiv Sena), who lost in the 2024 Lok Sabha and assembly polls, is contesting from Ward 209 (Byculla). Praveena Morajkar (Shiv Sena-UBT), an ex-corporator and assembly poll candidate, is contesting from Ward 169 (Kurla). PTI MR GK RSY

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