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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
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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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Fukushima nuclear plant operator to restart reactor at another plant, reviving safety concerns

January 21, 2026

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Tokyo, Jan 21 (AP) The world's largest nuclear power plant is set to restart Wednesday in north-central Japan for the first time since the 2011 Fukushima nuclear meltdown, as resource-poor Japan accelerates atomic power use to meet soaring electricity needs.

The first steps in energy production at the No. 6 reactor of the Kashiwazaki-Kariwa nuclear power plant are important because the operator is Tokyo Electric Power Company Holdings, the same utility that runs the ruined Fukushima Daiichi plant. TEPCO's past safety issues at Fukushima have led to public worries about operations at the Kashiwazaki-Kariwa plant, which also sits in an isolated, quake-prone region.

All seven reactors at Kashiwazaki-Kariwa have been dormant since a year after the Fukushima Daiichi plant on Japan's northeastern coast was hit by a massive quake and tsunami in March 2011 and suffered meltdowns that contaminated the surrounding land with radioactive fallout so severe that some areas are still unlivable.

TEPCO is still trying to recover from the hit to its image, even as it works on a cleanup at Fukushima Daiichi that's estimated to cost 22 trillion yen ($139 billion). Government and independent investigations blamed the Fukushima debacle on TEPCO's bad safety culture and criticized it for collusion with safety authorities.

Fourteen other nuclear reactors have restarted across Japan since 2011, but this is the first TEPCO-run unit to resume production.

Residents near the plant welcome the potential economic and employment benefits but worry about nuclear safety and the feasibility of evacuation plans, especially after a major quake in the nearby Noto region two years ago.

Worries about safety issues ----------------------------- A restart of the No. 6 reactor at the Kashiwazaki-Kariwa plant, about 220 kilometers (135 miles) northwest of Tokyo, could generate an additional 1.35 million kilowatts of electricity, enough to power more than 1 million households in the capital region.

All seven units were taken offline in 2012 as part of nationwide safety shutdowns after the Fukushima disaster, though they were unaffected by that quake and tsunami.

The Kashiwazaki-Kariwa plant was partially damaged in a 2007 earthquake, causing safety worries and distrust among locals. TEPCO responded by installing a quake-resistant command center at the compound in 2009.

No. 6 was one of the two reactors that had cleared safety tests in 2017, but faced an operational ban by the Nuclear Regulation Authority over serious safeguarding problems found in 2021. It finally got a greenlight in 2023.

The restart follows revelations of seismic data falsification by another utility during safety screenings of one of its reactors. That has angered regulation officials and shaken public confidence.

Evacuations would be difficult -------------------------------- Under a government draft evacuation plan, about 18,600 residents within a 5-kilometer (3-mile) radius of the plant would need to evacuate if there were radiation leak worries, while about 400,000 others in a wider zone would be asked to stay indoors.

The 2024 Noto quake caused only moderate damage to two idled reactors at the nearby Shika nuclear power plant. But the earthquake severely damaged roads and houses, making many places inaccessible and trapping thousands on the narrow peninsula.

Nuclear safety officials say that such damage could make existing evacuation plans largely unworkable.

Mie Kuwabara, who lives near Kashiwazaki and was at a recent protest outside TEPCO's Tokyo headquarters, said information provided by the utility seems “one-sided ... and not enough” for residents.

Growing energy needs ------------------------ Japan has reversed its post-Fukushima nuclear phaseout policy, citing the need for a stable and affordable energy supply, and the rising cost of fossil fuel imports after Russia's war on Ukraine and other global conflicts.

Prime Minister Sanae Takaichi wants to maximize nuclear energy use by accelerating restarts of workable and safe reactors, extending their operational lifespan and building replacements as well as new reactors while developing next-generation models. She also wants to lower the use of Chinese-made solar panels.

Despite its population decrease, Japan expects growing energy needs from power-hungry AI data centers. Under new decarbonization targets released last year, Japan aims to more than double the share of nuclear power in the country's energy mix to 20% by 2040.

The Kansai Electric Power Co. last year announced plans to start surveys toward constructing a new reactor for western Japan; this would be the first new unit since the Fukushima disaster.

Lessons from the Fukushima crisis ------------------------------------- Since the Fukushima disaster, TEPCO has reinforced seawalls and added other safety features at Kashiwazaki-Kariwa.

Workers have made reactor buildings and other key facilities watertight, installed a reservoir for emergency water injection, mobilized a mobile cooling unit, and constructed filtered venting systems that can largely remove radioactive particles when gasses need to be released to prevent reactor damage.

TEPCO has spent more than 1 trillion yen ($6.33 billion) on safety measures.

When the restarted Kashiwazaki-Kariwa No. 6 reactor reaches 50% of its power output capacity, in about a week, it will be temporarily shut down for inspection, likely from late January to early February.

The reactor will then be reactivated for a full startup and commercial power generation in late February, TEPCO said. (AP) AMS

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