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    US-Iran ceasefire, drop in crude oil prices fuel rally in stock markets; Sensex jumps 4 pc
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee April 6 to 8, 2026
    Adani wins US court hearing in push to throw out SEC fraud suit
    RBI holds rates, awaits clarity on Iran war's impact on economy
    Highlights of RBI's April monetary policy
    RBI projects FY27 retail Inflation at 4.6 pc, within government-mandated target
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    Pradhan Mantri Mudra Yojana (PMMY) — completes 11 Years of empowering Small and Micro Entrepreneurs
    CCI approves acquisition of certain equity shares by Coastal Cedar Investments B.V. in Fleur Hotels and internal restructuring of Lemon Tree Hotels gr...
    CCI approves acquisition of 100% equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Ltd.
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    CCI approves acquisition by Citrus Investment LLC (Citrus) of additional shareholding of 0.4% in Hitachi Construction Machinery Co., Ltd. (HCM) and (i...
    CCI approves proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Ltd. by ...
    CCI approves acquisition of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. by Indriya Ltd.
    Rupee surges 50 paise to 92.56 against USD in early trade after US, Iran agree to 2-week ceasefire
    Adani seeks dismissal of SEC case, cites extraterritorial overreach, lack of jurisdiction
    AERA announces 25 pc cut in flight landing, parking charges across major airports for 3 months
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April 8, 2026
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Market rally and unchanged RBI policy follow easing geopolitical stress and a sharp fall in crude oil prices.
Equity markets rallied sharply after a US-Iran ceasefire and a fall in crude oil prices reduced concerns over energy supply disruption and inflation pressure. The Reserve Bank of India kept the benchmark repurchase rate unchanged and maintained a cautious wait-and-watch stance, citing uncertainty from the West Asia conflict, its impact on energy supplies, inflation, growth, the rupee, and trade flows.
April 8, 2026
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Monetary policy stance remains neutral as the policy repo rate is held unchanged amid supply shocks and inflation risks.
The Monetary Policy Committee kept the policy repo rate unchanged at 5.25 per cent, retained the standing deposit facility rate at 5.00 per cent, the marginal standing facility rate and Bank Rate at 5.50 per cent, and continued a neutral stance. The decision was based on resilient domestic growth, contained headline inflation, and heightened uncertainty from geopolitical tensions, supply-chain disruption, energy price pressures, and weather-related risks affecting the inflation and growth outlook.
April 8, 2026
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Personal jurisdiction and extraterritorial reach challenged in SEC fraud action over Indian bond offering and alleged misstatements.
Personal jurisdiction and extraterritorial reach were challenged in a US SEC fraud action arising from an Indian solar-energy bond offering. The defendants argued that the securities were sold outside the United States under Rule 144A and Regulation S, the issuer and alleged conduct were Indian, and the complaint failed to plead a domestic transaction, minimum contacts, or an actionable US nexus. They also denied credible evidence of bribery, asserted no investor losses, and contended that the relied-upon statements were non-actionable corporate puffery.
April 8, 2026
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Monetary policy stance held steady as the RBI weighs energy shocks, inflation risks and growth uncertainty from geopolitical tensions.
The Reserve Bank of India retained the benchmark repurchase rate and the neutral monetary policy stance, adopting a wait-and-watch approach in view of heightened geopolitical uncertainty arising from the West Asia conflict. The central bank assessed the possible effects of disrupted energy supplies, higher crude prices, rupee weakness, supply-chain disruptions and freight-cost pressures on inflation, growth and the current account, while noting that inflation remained within the target band for the time being. It also indicated that the economy faced a supply shock and that the full impact of the conflict would become clearer over the coming months.
April 8, 2026
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Monetary policy remains neutral as the repo rate stays unchanged, with growth and inflation projections set for FY27.
The Reserve Bank's first bi-monthly monetary policy for fiscal 2026-27 kept the repo rate unchanged at 5.25 per cent and retained a neutral monetary policy stance. It projected GDP growth at 6.9 per cent for FY27 and inflation at 4.6 per cent, while noting that the West Asia crisis and elevated energy and commodity prices may weigh on domestic economic activity and production. The Reserve Bank said it would remain proactive in ensuring sufficient liquidity in the banking system.
April 8, 2026
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Retail inflation outlook remains within target as the repo rate stays unchanged amid supply and price pressures.
Retail inflation is projected at 4.6 per cent for the current financial year, within the government-mandated target range. Quarterly CPI-based inflation is estimated at 4 per cent in the first quarter, 4.4 per cent in the second, 5.2 per cent in the third and 4.7 per cent in the fourth, while headline inflation remains contained and below target. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent amid geopolitical uncertainty, energy price pressures, weather-related food risks and supply chain dislocations.
April 8, 2026
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School meal partnership expands nutritious mid-day meals through a centralised kitchen, improving classroom attendance and child nutrition.
Deutsche Bank, under its CSR programme in India, partnered with The Akshaya Patra Foundation to inaugurate a centralised kitchen in Pune for the PM POSHAN initiative. The facility is designed to provide hot, nutritious mid-day meals to 25,000 children in 29 government and government-aided schools, supporting classroom attendance, nutrition outcomes, and access to education. The kitchen operates as a food-safe and hygiene-compliant unit with electric meal-delivery vehicles, reflecting environmental sustainability alongside social impact.
April 8, 2026
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GDP growth projection moderates as supply chain disruption, commodity prices and global volatility weigh on domestic outlook.
India's real GDP growth for 2026-27 is projected at 6.9 per cent, with quarterly estimates of 6.8 per cent in Q1, 6.7 per cent in Q2, 7.0 per cent in Q3 and 7.2 per cent in Q4. The projection reflects elevated commodity and energy prices, supply chain disruptions, and higher freight and insurance costs, while domestic demand is supported by services activity, GST rationalisation, manufacturing capacity utilisation, and healthy financial sector and corporate balance sheets.
April 8, 2026
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Repo rate unchanged as inflation pressures and currency movements keep monetary policy in a cautious stance.
Monetary policy retains the repo rate unchanged at 5.25 per cent with a neutral stance amid inflationary and external market pressures. The decision follows concerns arising from disrupted energy supplies, higher crude prices, and import-linked inflation, while headline retail inflation had moved closer to the medium-term target. The inflation framework also reflects a fresh government mandate requiring the central bank to maintain retail inflation at 4 per cent within a tolerance band of 2 per cent on either side for the next five years ending March 2031.
April 8, 2026
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Financial inclusion through PMMY expands collateral-free credit for small entrepreneurs across banks, NBFCs and MFIs.
Pradhan Mantri Mudra Yojana (PMMY) extends collateral-free institutional credit to small and micro entrepreneurs for non-corporate, non-farm income-generating activities, with the objective of funding the unfunded and broadening financial inclusion. The scheme operates through banks, NBFCs and MFIs, and is structured into Shishu, Kishor, Tarun and TarunPlus categories according to the borrower's credit needs. Loan support covers term finance and working capital across manufacturing, trading, service activities and allied agricultural activities, while interest rates are governed by RBI guidelines and repayment terms are flexible.
April 8, 2026
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Competition Commission approval for hospitality sector acquisition and group restructuring through amalgamation and demerger.
Competition Commission approval was granted for the acquisition of certain equity shares in Fleur Hotels Limited by Coastal Cedar Investments B.V. and the internal restructuring of the Lemon Tree Hotels Limited group through amalgamation and demerger. The transaction concerns a hospitality sector structure in which Fleur Hotels Limited is a subsidiary of Lemon Tree Hotels Limited and owns and leases hotels directly and through subsidiaries, while several wholly owned subsidiaries of Lemon Tree Hotels Limited are involved in the restructuring.
April 8, 2026
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Infrastructure investment trust acquisition of KNR SPVs approved for highway project SPVs under the Hybrid Annuity Model.
The Competition Commission of India approved the proposed acquisition of 100% equity shareholding in KNR SPVs by Indus Infra Trust from KNR Constructions Ltd. The transaction is structured through the trust's investment manager and concerns four special purpose vehicle companies incorporated for infrastructure development projects. Indus Infra Trust is a SEBI-registered infrastructure investment trust governed by the SEBI (Infrastructure Investment Trusts) Regulations, 2014, while the target SPVs operate highway projects under concession agreements on a Hybrid Annuity Model.
April 8, 2026
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Bid rigging in public tenders led to cease-and-desist directions for anti-competitive conduct and proprietor liability.
The Competition Commission of India directed seventeen opposite parties to cease and desist from anti-competitive conduct in tenders for internal and external electrification works in police station buildings across Assam. The proceedings concerned alleged bid rigging by bid rotation and cover bidding, supported by identical mistakes in bids, identical IP addresses, call detail record details, and consecutive demand draft numbers, and the Commission acted under Section 27 for contravention of Section 3(3)(d) read with Section 3(1), with proprietors also held liable under Section 48.
April 8, 2026
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Acquisition of sole control and minor shareholding increase in a joint venture were approved under competition law scrutiny.
Acquisition of an additional 0.4% shareholding in Hitachi Construction Machinery Co., Ltd. through market purchases, together with acquisition of sole control over the 50:50 joint venture HCJI Holdings K. K. through a share buyback, was approved by the Competition Commission of India. Citrus Investment LLC is an investment vehicle with no other business activities, while HCM manufactures construction equipment and HCJI is a holding company with no other activities.
April 8, 2026
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Competition approval for Torrent Power's acquisition of Nabha Power's equity and convertible preference shares.
Competition approval was granted for the proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Limited by Torrent Power Limited from L&T Power Development Limited. The transaction was structured on a fully diluted basis and concerned a target operating a 2x700 MW supercritical thermal power plant at Rajpura, Punjab. The acquirer is a listed power company engaged in generation, transmission, distribution and cable manufacturing, and forms part of the Torrent Group.
April 8, 2026
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Competition approval for minority equity acquisition in a housing finance company through preferential issue and private placement.
Approval was granted for a proposed combination involving acquisition of equity shares in a housing finance company through a preferential issue on a private placement basis. The transaction contemplates acquisition of 14.286% of the post-issue paid-up equity share capital of the target on a fully diluted basis by an investment holding company. The target is a non-deposit accepting housing finance company registered with the National Housing Bank and engaged in home loans, loans against property, construction finance loans, and lease rental discounting loans.
April 8, 2026
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Rupee appreciation follows ceasefire-driven risk-on buying as markets watch central bank policy and currency stability.
The rupee appreciated in early trade after a two-week suspension of military strikes against Iran triggered risk-on buying across currencies, equities and commodities, while Brent crude and the dollar index fell. Foreign exchange conditions were also shaped by the Reserve Bank of India's deadline for squaring overnight positions and the day's monetary policy announcement, with markets expecting the rupee to remain range-bound and volatile as attention shifted to inflation, growth, global uncertainty and currency stability.
April 7, 2026
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Extraterrestrial reach and personal jurisdiction challenges frame dismissal bid in offshore securities fraud proceedings.
US securities fraud proceedings concerning an offshore bond offering by an Indian renewable energy company were met with a request for dismissal on grounds of lack of personal jurisdiction and impermissible extraterritorial application of US law. The filing contends that the securities were issued outside the United States under Rule 144A and Regulation S, were not listed or traded on a US exchange, and involved an Indian issuer and conduct alleged to have occurred in India. It further asserts that the complaint does not plead a domestic transaction, sufficient minimum contacts, or that irrevocable liability was incurred in the United States.
April 7, 2026
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Landing and parking charges reduced for domestic flights as AERA implements tariff relief across major airports.
AERA reduced landing and parking charges at major airports by 25 per cent, effective immediately, for all domestic flights for three months. The reduction applies to aeronautical tariff components and was implemented in response to the government's direction in view of the ongoing West Asia crisis.
April 7, 2026
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Rupee volatility eases as dollar pressure, capital outflows and RBI policy caution keep the market on edge.
The rupee weakened against the US dollar amid foreign capital outflows, a firm dollar, higher crude oil prices, and geopolitical uncertainty. Market participants remained cautious ahead of the Reserve Bank's monetary policy review and the expiry of a geopolitical deadline affecting the Strait of Hormuz. The market also reflected the Reserve Bank's recent steps to curb speculative positions and limit banks' net open positions to reduce volatility in the domestic currency.

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Customs & Trade

Gartex Texprocess India Mumbai opened on 9th April: Innovations driving apparel manufacturing and textile technologies on display

April 10, 2026

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Mumbai, Maharashtra, 10th April 2026: The exhibition comes at a time when India’s textile industry continues to chart a strong growth trajectory, supported by policy initiatives and rising global demands. With textile exports currently valued at nearly USD 36 billion (approx. Rs 3 lakh crore), the Ministry of Textiles has set an ambitious Vision 2030 target of expanding exports to USD 100 billion (approx. Rs 9 lakh crore) by strengthening domestic manufacturing and enhancing India’s global textile footprint. Events such as Gartex Texprocess India incorporating the Denim Show plays an important role in supporting this momentum by enabling technology adoption, industry collaboration and business opportunities across the textile value chain. The show opened with a ceremonial inauguration attended by distinguished dignitaries and industry leaders, including eminent dignitaries from the industry which included: Guest of Honour: Shri Ajay Pandit, Additional Textile Commissioner, Office of the Textile Commissioner, Ministry of Textiles, Government of India Mr Sharad Jaipuria, President, Denim Manufacturers Association & Chairman & Managing Director of Ginni International Ltd Mr Simon Lee, Managing Director of Hyosung Group (Hyosung corporation India Pvt Ltd & Hyosung India Pvt Ltd) Mr Aamir Akhtar, Group President & CEO Textiles, Jindal Worldwide Ltd Ms. Himani Gulati, Director, MEX Exhibitions Pvt Ltd Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Mr Winston Pereira, Executive Director, Messe Frankfurt Trade Fairs India Pvt Ltd Mr Gaurav Juneja, Director, MEX Exhibitions Pvt Ltd Mr Gagandeep Singh, Secretary General, Denim Manufacturers Association Mr Akhilesh Rathi, Vice President, Denim Manufacturers Association India’s textile sector, one of the country’s oldest and most diverse industries, is deeply rooted in centuries-old traditions while continuously evolving through innovation and modern manufacturing. Gartex Texprocess India Mumbai 2026 will witness several new product launches, technology demonstrations and live showcases, providing industry professionals with hands-on experience of garment manufacturing machinery, embroidery machines, laundry and finishing equipment, printing technologies and advanced textile solutions. The industry stands at a transformative juncture, driven by innovation, policy support and strong global demand. Platforms such as Gartex Texprocess India play a vital role in bringing together technology providers, manufacturers and brands to explore new opportunities and accelerate modernisation across the value chain. With live machinery demonstrations, product launches and focused knowledge exchange, the Mumbai edition offers an important gateway for industry stakeholders to experience the latest advancements shaping the future of garment and textile manufacturing. The Union Budget 2026–27 has placed the textile sector firmly at the centre of India’s economic growth strategy, recognising it as a key driver of employment, export growth, rural livelihoods and sustainable manufacturing. The sector also possesses significant intrinsic strengths. India is the world’s largest cultivator of cotton by acreage, the largest producer of jute, the second-largest producer of silk and cotton, a major global hub in the man-made fibres (MMF) segment and the second-largest producer of polyester and viscose fibres. According to the IMARC Group, the India textile manufacturing market reached USD 133.6 billion in 2025 and is projected to grow to USD 192 billion by 2034, registering a CAGR of 3.99%. The growth is being fuelled by government initiatives such as the Production Linked Incentive (PLI) scheme, increasing exports and rising domestic demand for apparel and home textiles. Technological advancements, the growing adoption of synthetic fibres, sustainability-focused production practices and expanding e-commerce channels are also accelerating industry expansion. Alongside the exhibition, knowledge sessions and industry discussions will provide insights into key topics including technology adoption in garment manufacturing, sustainability in textile production, digital printing innovations, automation in apparel manufacturing and emerging opportunities in denim and fashion supply chains. With a strong mix of technology, innovation and industry dialogue, Gartex Texprocess India Mumbai 2026 is set to serve as an important platform for collaboration, networking and business development within India’s fast-evolving textile and garment manufacturing ecosystem. Press information and photographic material: www.gartexindia.com Links to Social Media: Facebook | Instagram | LinkedIn | X Press Contacts: Messe Frankfurt Trade Fairs India Viral Parekh | Manager – PR & Corporate Communications +91 9930837978 | [email protected] Background information on MEX Exhibitions Pvt Ltd https://www.mexexhibits.com/ Background information on Messe Frankfurt www.messefrankfurt.com/background-information Sustainability at Messe Frankfurt www.messefrankfurt.com/sustainability-information Texpertise Newsroom (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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