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    DRI seizes around 21 kg foreign-origin gold worth Rs. 32 crore in crackdown on gold smuggling
    DRI seizes around 12 kg foreign-origin gold smuggled from Bangladesh worth Rs. 17 crore in a crackdown on cross border gold smuggling
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman inaugurates BRICS Heads of Tax Authorities Meeting in New Delhi
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September 24, 2026
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Gold Smuggling Enforcement: Concealed foreign-origin gold recovered from vehicles and a traveller, with arrests under customs law.
Gold-smuggling enforcement involved the seizure of approximately 21 kg of foreign-origin gold in two operations and the arrest of five persons under the Customs Act, 1962. Gold bars were recovered from sophisticated vehicle-chassis cavities, while gold bars and cut pieces were recovered from a passenger's specially designed cotton waist belt. The operations concerned suspected cross-border gold movement and targeted organised smuggling networks using sophisticated concealment methods.
September 24, 2026
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Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
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BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.
September 24, 2026
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Wildlife trafficking enforcement applies protected-species safeguards to seized Tokay Geckos and enables further statutory action against suspected illegal trade.
Wildlife-trafficking enforcement led to interception of two persons and seizure of 86 live Tokay Geckos under the Wildlife (Protection) Act, 1972. Tokay Geckos receive Schedule I protection under that legislation and are listed in Appendix II of CITES, regulating international trade. The persons and recovered geckos were transferred to the Mariani Range Forest Office for further action.
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.

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Kanpur Lamborghini crash adds to long list of luxury car accidents in India

February 9, 2026

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New Delhi, Feb 9 (PTI) Speed, privilege and unaccountability. The Kanpur Lamborghini crash, involving a tobacco businessman's son, that left at least six injured has fuelled outrage over perceived elite impunity and once again drawn attention to a series of high-profile crashes involving luxury cars and reckless driving.

The incident took place on Sunday in Kanpur's Gwaltoli area when the high-end sports car went out of control and ploughed pedestrians, two-wheelers and an autorickshaw, injuring at least six people.

Police said the name of Shivam Mishra, son of Banshidhar Exports Pvt Ltd's owner K K Mishra, is not there in the FIR, but he is part of the investigation.

Here is a list of major accidents involving speeding luxury cars reported in India over the years: * Rewa, Madhya Pradesh (2026): Three people, including a father and son, were killed on February 7, 2026, after a speeding luxury car rammed their motorcycle on a highway in Rewa district. The impact was so severe that the motorcycle was completely mangled. The car driver was taken into custody and further investigation was launched.

* New Delhi (2025): A senior Union Finance Ministry official, Navjot Singh, died on September 14, 2025 after a BMW allegedly rammed into his motorcycle near the Delhi Cantonment Metro station on Ring Road. His wife sustained serious injuries in the crash. Police registered a case of culpable homicide and took the woman allegedly driving the luxury car into custody as part of the investigation.

* New Delhi (2025): A drunk driver of an Audi car allegedly ran over five people, including two couples and an eight-year-old girl, injuring them while they were sleeping on a footpath near Shiva Camp in southwest Delhi’s Vasant Vihar area on July 9, 2025. The driver was booked for rash and negligent driving.

* Noida, Uttar Pradesh (2025): A red Lamborghini allegedly hit two labourers working on a footpath near an under-construction complex in Noida's Sector 94 on March 30, 2025, injuring both of them. Police arrested the driver and registered a case of rash and negligent driving.

* Pune, Maharashtra (2024): Two IT professionals were killed in Kalyani Nagar after a speeding Porsche, allegedly driven by 17-year-old boy and the son of a prominent builder, rammed their motorcycle in the early hours of May 19, 2024. The case triggered nationwide outrage over juvenile justice laws and drunk driving, and the accused was later ordered to be tried as an adult.

* Noida, Uttar Pradesh (2024): Two people were killed and three others injured after a speeding BMW rammed into an e-rickshaw around 6 am on May 16, 2024, in Noida. Police arrested occupants of the luxury car and registered a case of rash and negligent driving.

* Noida, Uttar Pradesh (2024): A speeding BMW allegedly driven by a young man hit pedestrians near Sector 53 in the early hours of January 14, 2024, killing Janak Dev Shah, who was crossing the road, and injuring another person. Police arrested the driver and registered a case of rash and negligent driving causing death. The vehicle was seized and an investigation was launched.

* Ahmedabad, Gujarat (2023): Nine people were killed and several injured after a speeding Jaguar car allegedly driven by a businessman’s son rammed into a crowd on ISKCON Bridge in the early hours of July 20, 2023. Police arrested the driver and booked him under serious criminal charges, including culpable homicide.

* Nuh, Haryana (2023): A Rolls-Royce Phantom collided with a fuel tanker on the Delhi–Mumbai Expressway near Umri village on August 22, 2023, killing the tanker driver and his helper. Police registered a case of rash and negligent driving, and the high-end vehicle was severely damaged in the crash.

* Purvanchal Expressway, Uttar Pradesh (2022): On October 14, 2022, a BMW travelling at more than 230 kmph on the expressway crashed into a truck and was completely mangled, killing all four occupants of the luxury car on the spot. The crash drew attention to overspeeding on newly built high-speed corridors.

* Palghar, Maharashtra (2022): One of the most-reported car accidents killed former Tata Sons chairman Cyrus Mistry and his friend Jehangir Pandole on September 4, 2022. The duo were travelling in a Mercedes-Benz car which got crashed into a road divider on the Mumbai–Ahmedabad highway near Charoti. Investigators later pointed to overspeeding and seat-belt use issues as key factors, prompting renewed national discussion on highway safety and rear-seat belt compliance.

* Bengaluru, Karnataka (2021): Seven people were killed, including three women and the son and daughter-in-law of a DMK MLA from Hosur, after a speeding Audi Q3 rammed into a roadside pole, mounted the footpath, and crashed into a building wall in the early hours of August 31, 2021, in Bengaluru. Police said overspeeding and loss of control caused the crash.

* Hosapete, Karnataka (2020): On February 10, 2020, an overspeeding Mercedes-Benz car on a national highway near Hosapete hit an 18-year-old pedestrian standing at a tea stall, killing him on the spot after dragging him for several metres. The crash also killed a passenger in the luxury car, while others were injured. Police registered a case of rash and negligent driving, detained the driver, and launched an investigation into overspeeding on the highway. PTI MG NB NB

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