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    DRI seizes 10,000 kg of firecrackers worth Rs. 3 crore at Nhava Sheva port
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September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.
September 23, 2026
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Commercial vehicle after-sales support expands authorised repairs, genuine spares, roadside assistance, and uptime for remote high-altitude fleet operations.
Commercial vehicle after-sales support is expanded through a BharatBenz 3S facility operated by PPS Trucking for remote high-altitude fleet operations. The facility provides sales, authorised service, genuine spare parts, diagnostic systems, repair tools and round-the-clock roadside assistance. Trained technicians, service bays and regional spare-parts inventory are intended to reduce repair turnaround times and vehicle downtime. The support network serves commercial vehicles engaged in stone-crushing, road construction, communication-infrastructure transport and other heavy-duty operations in difficult terrain.
September 23, 2026
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Redeem-code eligibility limits govern BGMI's final Golden Miramar Pan reward drop through the official redemption portal.
BGMI's final redeem-code series offers limited-time Golden Miramar - Pan rewards through general redeem codes valid only until September 25 on the official redemption website. Redemption requires a Character ID, valid code, Captcha verification, and submission through the redeem centre. Each code is limited to 10 users on a first-come, first-served basis; users may redeem one code daily, and each code is usable once per account. Guest accounts are excluded, and in-game mail rewards must be claimed within 30 days.
September 23, 2026
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Aadhaar-based biometric attendance requires employee registration, integrates leave records, and triggers automated pay deductions for unauthorised absences.
Aadhaar Enabled Biometric Attendance System (AEBAS) is mandatory for regular and temporary government employees and integrates attendance and leave data with PRANALI. Monthly reports are verified to identify authorised leave and net absence. Remaining unauthorised absence may result in digitally issued extraordinary-leave or leave-without-pay orders, personnel-record updates, and automated salary deductions. Temporary employees' failure to record attendance is treated as leave without pay.
September 23, 2026
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Initial public offering by Swastika Infra combines a fresh issue and offer for sale, subject to approvals.
Swastika Infra Limited proposes an initial public offering comprising a fresh issue of equity shares and an offer for sale, with proposed listings on BSE Limited and National Stock Exchange of India Limited. The allocation framework covers qualified institutional buyers, anchor investors, non-institutional investors and retail individual investors. Net fresh-issue proceeds are intended for incremental working-capital requirements and general corporate purposes. Completion remains subject to statutory and regulatory requirements, approvals, market conditions and other considerations.
September 23, 2026
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Monetary policy tightening may follow resilient growth as inflation, conflict risks, and weather pressures reshape economic projections.
FY27 GDP growth projections were raised to a range of 6.9%-7.1% on stronger June-quarter activity, resilient demand, investment, consumption, exports, capital inflows and limited supply disruptions. Growth may moderate as energy costs reduce purchasing power, activity slows and weather risks persist. Policy-rate tightening is projected as an inflation response, with forecasts of a 25-basis-point increase and temporary rate rises to offset price pressures.
September 23, 2026
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Fisheries subsidy disciplines require transparent reporting, domestic monitoring, and coordinated implementation to address harmful subsidies and IUU fishing.
Fisheries subsidy disciplines target support linked to illegal, unreported and unregulated fishing, fishing of overfished stocks subject to rebuilding conditions, and fishing on the unregulated high seas. Members accepting the Agreement must implement and administer these disciplines and comply with notification and transparency obligations. Effective implementation depends on reliable fisheries data, monitoring and reporting systems, vessel registration, inter-agency coordination and technical capacity.
September 23, 2026
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Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
September 23, 2026
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Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
September 23, 2026
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Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.
September 23, 2026
Show AI Summary
Inflation-driven monetary tightening may accompany strong growth as demand, price increases and adverse supply conditions shape rate expectations.
Inflationary pressures, robust demand, price rises and adverse supply developments are expected to lead to policy-rate tightening by RBI. Fitch anticipates a 25-basis-point rate rise in October, further tightening in early 2027, followed by easing in 2028. Growth projections were upgraded following stronger-than-expected June-quarter activity, but activity is expected to moderate as the effects of GST rationalisation and income-tax cuts recede, manufacturing and services slow, and below-normal monsoon conditions affect activity.
September 23, 2026
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GDP growth forecast rises as domestic demand, investment, and public capital spending sustain economic resilience amid external risks.
India's GDP growth forecast for the current fiscal year is raised to 7 per cent, supported by investment demand, resilient consumption, manufacturing and services activity, lower-than-expected supply disruptions, and sustained capital inflows. Domestic demand, infrastructure expenditure, regulatory reforms, and improving private investment are expected to support growth. Inflation is projected to remain within the central bank's target range, subject to risks from geopolitical uncertainty, commodity prices, and weather-related disruption. Fiscal management is supported by public capital expenditure and robust direct-tax revenue.
September 23, 2026
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Primary and secondary investment funds ammunition manufacturing expansion, increasing small-caliber capacity and establishing medium-caliber production.
Hughes Precision Manufacturing Pvt. Ltd. completed a Rs. 250+ crore investment round through primary and secondary investments. The capital will expand small-caliber ammunition capacity from approximately 80 million to 220 million rounds and establish a dedicated medium-caliber ammunition manufacturing facility. The expansion broadens its product portfolio and is supported by an order book exceeding Rs. 1,000 crore, including domestic defence and export orders scheduled for execution over approximately two years.
September 23, 2026
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GDP growth outlook signals resilient expansion, but inflation, weaker rural demand, and supply pressures may prompt monetary tightening.
India's FY 2026-27 GDP growth forecast is raised to 6.9 per cent from 6.4 per cent, reflecting strong June-quarter growth and economic resilience. Economic momentum is projected to moderate as slower manufacturing and services expansion, below-normal monsoon rains, and rising inflation constrain demand. Strong demand, price increases and adverse supply conditions are expected to lead to monetary tightening.
September 23, 2026
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FEMA scrutiny of insolvency acquisitions examines fund flows and possible indirect control by potentially ineligible resolution participants.
FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company.
September 23, 2026
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Export facilitation reforms integrate local support, digital trade intelligence, and streamlined Free Trade Agreement procedures to improve market access.
Export facilitation reforms contemplate integrated Commerce and Industry offices and trained local personnel to provide exporters with common access points and district-level handholding support. The Trade Connect platform is envisaged to provide product-wise and HSN-code-wise tariff, Free Trade Agreement and procedural information, supported by digital and AI-enabled tools. Reforms also address electronic verification of Certificates of Origin, integration across the export cycle, digitalisation, simplified trade documentation, reduced compliance burden, and adherence to international quality standards.
September 23, 2026
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Monetary policy outlook: resilient growth and persistent inflation support a projected policy-rate increase amid weather and geopolitical risks.
India's FY27 growth outlook is revised upward to 7 per cent from 6.6 per cent, supported by industrial activity, consumption, goods exports and government investment. Consumer inflation is projected to average 5.1 per cent. Persistent inflationary pressures, solid growth, conflict in West Asia and weather-related risks are expected to support higher interest rates, while below-normal monsoon rainfall may affect agricultural output and food inflation.

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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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