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    Rupee rises 10 paise to 92.41/USD; faces risks from rising global tensions
    TCS Q4 net profit jumps 12 pc to Rs 13,718 cr; adds 2k employees as layoffs end
    Multi-crore share trading scams unravelled with 2 arrests in UP
    Puri heads to Qatar amid energy supply disruptions
    PIL in SC seeks stringent guidelines for issuing Aadhaar cards to adolescents, adults
    Financial Intelligence Unit-India and Indian Cyber Crime Coordination Centre sign landmark mou to combat cyber fraud and financial crimes
    Manohar Lal arrives in Bhutan on 4-day visit; focus on energy security, sustainable development
    RBI Issues Draft Directions for ‘Trade Receivables Discounting System’
    RBI invites comments on Draft “Reserve Bank of India (Governance) Amendment Directions, 2026”
    RBI invites public comments on the draft Amendment Directions on ‘Investment Fluctuation Reserve’
    RBI invites public comments on Draft Amendment Directions on ‘Review of guidelines on inclusion of quarterly profits to Common Equity Tier 1 (CET1) ...
    NITI Aayog calls for 'Operation Golden Green' to boost J&K's horticulture sector, increase exports
    The Dow surges 1,300 in worldwide rally as oil plunges toward USD 90 following ceasefire with Iran
    Goa nightclub fire: ED attaches assets worth over Rs 17 crore
    Rupee surges 52 paise to close at 92.54/USD on US-Iran ceasefire, RBI pause on policy rates
    Investors' wealth surges by Rs 16.25 lakh cr as stock markets celebrate US-Iran ceasefire
    HDFC Bank's board minutes reviewed, no concern on ethics and governance: RBI
    Connecting the Globe, Empowering Green Energy: China International Battery Fair 2026 Shapes the Next Era of Battery Technology
    Rupee likely to stabilise at 92-93, growth of 7-8pc key for developed India: EAC-PM chief
    Sensex, Nifty soar nearly 4 pc on US-Iran ceasefire, correction in crude prices
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April 10, 2026
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Rupee volatility and RBI position limits weigh on USD/INR as global tensions and crude prices stay elevated.
Rupee trading remained volatile amid rising global tensions, with the USD/INR pair pressured by the US-Iran conflict, fragile ceasefire conditions and firmer crude prices. Market participants linked near-term movement to fading domestic support from unwinding of overnight positions, while noting that the RBI's instructions to banks on curbing overnight USD positions were nearing expiry. India's forex reserves and stable banking system were seen as buffers, though external uncertainty continued to weigh on the outlook.
April 9, 2026
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Profitability and revenue growth support stronger margins as headcount turns positive and workforce cuts end.
Revenue, profitability, and operating margin expanded in the March quarter, with net profit rising and revenue from operations increasing on the back of wider margins and continued customer technology spending. The company also reported new deal signings and said AI-related revenue had scaled materially on an annualised basis, while macroeconomic headwinds were still present. Headcount turned positive after two quarters of decline, the workforce reduction plan had ended, restructuring costs were capped, and salary hikes would resume across the organisation.
April 9, 2026
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Fraudulent share trading and crypto investment schemes exposed through unregistered entities, fake documents, and laundering methods.
Fraudulent share trading, cryptocurrency, and foreign exchange investment schemes were allegedly operated through unregistered entities, fake documents, fabricated user accounts, and misleading promises of high returns. One accused was said to have run a firm not registered with SEBI, used fake share certificates and investor documents, and attracted complaints from multiple states after promising gains in shares and IPOs. A separate investment fraud allegedly involved an online trading company using advertisements, social media campaigns, seminars, and an unauthorised trading application to induce investments in cryptocurrency and USDT.
April 9, 2026
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Energy supply security drives talks on restoring LNG and LPG shipments amid Middle East disruptions.
India is seeking to secure uninterrupted energy supplies amid geopolitical disruptions that have affected liquefied natural gas and LPG flows from the Middle East. Qatar, India's largest supplier of LNG and a major supplier of cooking gas, had halted supplies after the conflict in the region and the shutdown of a key export facility led to a declaration of force majeure on gas exports. Discussions are expected to centre on resumption of shipments, review of existing arrangements and strengthening bilateral energy cooperation.
April 9, 2026
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Aadhaar enrolment safeguards sought to prevent misuse of identity documents and curb improper citizenship claims.
Public interest litigation seeks directions to restrict fresh Aadhaar issuance to children up to six years of age and to frame stricter guidelines for adolescents and adults to prevent misuse by infiltrators or foreigners masquerading as Indian citizens. It also seeks display notices at common service centres stating that Aadhaar is only proof of identity and not proof of citizenship, address, or date of birth, and alleges that weak verification enables improper enrolment and acquisition of other identity documents.
April 9, 2026
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Cyber fraud prevention through intelligence sharing and coordinated action now strengthened by a new inter-agency memorandum.
The Financial Intelligence Unit-India and the Indian Cyber Crime Coordination Centre entered into a Memorandum of Understanding to strengthen coordination in combating cyber fraud and financial crimes. The arrangement provides for enhanced information sharing, development of operational intelligence, and support to investigative agencies for prevention of financial crimes, protection of digital transactions, and asset recovery. It also contemplates feedback mechanisms to improve fraud detection and the dissemination of guidelines and red flag indicators for financial institutions.
April 9, 2026
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Energy security and cross-border power trade shape India-Bhutan cooperation through hydropower, clean energy and technical agreements.
India-Bhutan bilateral engagement focused on strengthening cooperation in energy security, sustainable development, clean energy, hydropower and regional power trade. Discussions covered an enhanced bilateral institutional framework for regular review and coordination of initiatives, including non-hydro energy, cross-border transmission, project financing, capacity building and institutional partnerships. The parties also signed the Tariff Protocol for the Punatsangchhu-II Hydroelectric Project and a methodology for reactive energy accounting to support grid stability and cross-border electricity exchange.
April 9, 2026
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Trade Receivables Discounting System directions seek to harmonise TReDS guidelines and support MSME receivables financing.
Reserve Bank of India has released draft Trade Receivables Discounting System Directions to rationalise and harmonise the existing guidelines governing TReDS platforms. The draft framework is intended to support financing of MSME trade receivables through regulated discounting mechanisms. The draft Directions have been issued for public consultation, and comments or feedback may be submitted by regulated entities and other stakeholders through the prescribed online regulatory feedback channel within the stipulated consultation period.
April 9, 2026
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Bank board governance reform shifts to principle-based guidance after RBI issues draft amendment directions for public consultation.
Reserve Bank of India has issued draft governance amendment directions for commercial banks, small finance banks, payments banks and local area banks for public comments. The proposed changes follow a comprehensive review and rationalisation of existing instructions on matters to be placed before bank boards, including their periodicity, so that boards may focus more effectively on strategy and risk governance. The draft framework replaces the earlier seven broad themes with principle-based guidance on board matters and retains RBI's ability to mandate policies and items for board approval, review or information.
April 9, 2026
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Investment Fluctuation Reserve rules updated through draft directions to align bank-wise prudential treatment and reporting clarity.
Reserve Bank of India has placed draft Amendment Directions for public comments to revise the framework on Investment Fluctuation Reserve across multiple categories of banks, together with related amendments on capital adequacy and financial statement disclosures. The draft seeks to modify the existing instructions governing classification, valuation and operation of investment portfolios and the treatment of IFR under the applicable prudential framework. The proposed changes aim to address operational difficulties, align instructions across bank categories, dispense with the IFR requirement for certain banks, require compliance as on balance-sheet dates, and harmonise related instructions for regulatory clarity.
April 9, 2026
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Common Equity Tier 1 capital rules revised as quarterly profit recognition conditions for CRAR are proposed for removal.
Reserve Bank of India has issued draft amendment directions on the inclusion of quarterly profits in Common Equity Tier 1 capital for CRAR computation by commercial banks, small finance banks and payments banks. The draft proposes revisions to the prudential norms on capital adequacy and invites public comments. The existing rule for commercial banks permits quarterly recognition of current-year profits for CRAR calculation subject to a condition on incremental provisions for non-performing assets, and the proposed review removes that qualifying condition.
April 8, 2026
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Horticulture development roadmap targets export growth, stronger production, and better market linkages for Jammu and Kashmir crops.
Operation Golden Greens proposes a phased horticulture development roadmap for Jammu and Kashmir centred on five sub-missions for dry fruits, fresh fruits, vegetables, floriculture and minor crops. The plan seeks to raise production, improve quality, strengthen market linkages and expand exports of apple, walnut, almond and saffron through branding, irrigation support, storage and cold-chain infrastructure, grading, packaging, processing, CA storage and high-density plantations.
April 8, 2026
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Ceasefire-driven oil supply relief lifts global stocks as Strait of Hormuz disruption fears ease.
Global markets rallied and crude oil prices fell after a two-week ceasefire eased fears of disruption to shipping through the Strait of Hormuz and the flow of oil from the Persian Gulf. The article notes that uncertainty remained over whether maritime traffic would normalise and whether the truce would last, but the immediate effect was a sharp recovery in stocks, especially energy-sensitive sectors, and lower Treasury yields as inflation concerns eased.
April 8, 2026
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Money-laundering investigation leads to provisional attachment over alleged illegal nightclub operation and forged compliance documents.
Money-laundering investigation under the Prevention of Money Laundering Act concerned a Goa nightclub allegedly operated without mandatory statutory approvals, including the requisite fire no objection certificate and a valid trade licence. The Enforcement Directorate issued a provisional attachment of immovable assets valued at Rs 17.45 crore, stating that the properties were connected with the suspected illegal operation of the establishment and were situated in Goa. The agency alleged that forged documents were used to obtain licences and that revenue from the alleged illegal operation constituted proceeds of crime.
April 8, 2026
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Rupee recovery and unchanged RBI policy reflect easing geopolitical stress, softer crude, and cautious monetary outlook.
The rupee appreciated against the US dollar after easing geopolitical tensions, a softer dollar index and lower crude oil sentiment. The Reserve Bank of India kept the key policy rate unchanged and maintained a neutral stance, assessing the impact of the West Asia conflict on energy supplies, inflation, growth and trade flows. It also projected higher crude oil prices and a weaker rupee for the next financial period.
April 8, 2026
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Repo rate unchanged as geopolitical uncertainty eases and equity markets rally on lower crude prices.
Equity markets rallied sharply after a two-week US-Iran ceasefire, with broad gains across stocks, sectoral indices and market capitalisation. The surge was linked to lower crude prices, reduced geopolitical uncertainty and improved risk sentiment, with comments noting support for inflation, the current account deficit, the rupee and fiscal conditions. The Reserve Bank of India kept the benchmark repo rate unchanged at 5.25 per cent and maintained a neutral stance as policymakers assessed uncertainty from the West Asia conflict, including risks to energy supplies, inflation, growth, trade flows and currency stability.
April 8, 2026
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Banking supervision review confirms no governance concern and no present need for regulatory changes.
Banking sector supervision includes review of board minutes and related records as part of regular oversight. The supervisory review disclosed no governance or conduct-related material issue, and the regulator stated that no change in guidelines is presently considered necessary, though further directions may be introduced if future circumstances require them. Reported fraud incidents were characterised as criminal activity involving colluding individuals, with no present indication of systemic risk or need for a regulatory tweak.
April 8, 2026
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Battery industry transition toward higher-value lithium-ion, energy storage, and low-carbon manufacturing takes center stage at a major exhibition.
China's battery sector is described as shifting from scale toward higher-value lithium-ion products, power batteries, energy storage technologies, smart manufacturing, and lower-emission production. The 18th China International Battery Fair is presented as a major international exhibition covering batteries, materials, manufacturing equipment, system solutions, and recycling applications, with forums on advanced batteries, new energy storage, battery carbon-footprint management, and battery passport themes.
April 8, 2026
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Rupee stability and high-growth reforms frame India's path to developed nation status amid global uncertainty.
The Indian Rupee is expected to stabilise around the 92-93 level against the US dollar, with pressure attributed to global geopolitical headwinds and foreign institutional investor withdrawals. Strong macroeconomic fundamentals, fiscal space, and a comfortable current account deficit are described as supporting currency resilience, while the Reserve Bank of India's decision to keep policy rates unchanged is characterised as appropriate in the prevailing environment.
April 8, 2026
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Crude price correction and ceasefire-led sentiment drive a broad equity rally as the central bank holds policy steady.
Equity benchmark indices rallied sharply as global risk sentiment improved following a temporary US-Iran ceasefire, which triggered a steep correction in crude oil prices and eased concerns over inflation, growth and energy supply disruptions. Broad-based buying across sectors, stronger global markets and a firmer rupee supported the advance, while Indian volatility eased and sectoral indices, mid-cap stocks and small-cap stocks also moved higher. Brent crude fell sharply and Asian and European markets recorded strong gains, reflecting the wider recovery in market sentiment.

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IDFC FIRST Bank Goes Live on ICEGATE 2.0 Portal for Customs Duty Payments

April 20, 2026

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Integration of ICEGATE 2.0 completes IDFC FIRST Bank’s tax payment suite • Authorised by RBI, Central Board of Indirect Taxes and Customs (CBIC) and Ministry of Finance • Among a select private sector banks supporting tax payments across Direct Tax, GST and Customs • Extends secure, digital tax payment capabilities to businesses and individuals • Provides easy access to downloadable challans and instant payment confirmations. Mumbai, 18 April 2026: IDFC First Bank today announces the launch of special services for its individual and business customers, enabling seamless digital payment of Customs Duty, Central Excise and Service Tax through integration with ICEGATE 2.0. With this integration, customers can initiate tax payments seamlessly through the ICEGATE portal and complete transactions using IDFC FIRST Bank’s Retail and Corporate Internet Banking platforms, ensuring a secure, efficient and fully digital experience. The platform provides customers with real-time transaction confirmation, an intuitive online journey, and the ability to download challans instantly for record-keeping and reconciliation. Commenting on the launch, Mr. Ashish Singh, Head – Retail Liabilities, IDFC FIRST Bank, said, “Customs Duty payments are critical to trade velocity and business continuity. By going live on ICEGATE 2.0, we are enabling importers, exporters and businesses to meet these obligations digitally with the same ease and reliability they expect across Direct Tax and GST payments. This is a meaningful step in strengthening our role in India’s digital tax and trade ecosystem”. IDFC FIRST Bank is among a select group of private sector banks authorised to support tax payments across Direct Taxes (CBDT), GST and Customs, offering customers a single, integrated banking destination for financial and statutory compliance. ICEGATE 2.0 portal allow customers now make payments digitally across the year, supporting efficient cash-flow planning for businesses and timely compliance for all taxpayers. How to Pay Customs Duty on ICEGATE 2.0 Using IDFC FIRST Bank 1. Log in to the ICEGATE portal: https://foservices.icegate.gov.in/#/login 2. Create the challan(s) and select Net Banking as the payment mode 3. Choose IDFC FIRST Bank and complete the payment securely 4. Download or print the paid challan for your records For more information, please visit www.idfcfirstbank.com Click here for more details related to Tax Payment About IDFC FIRST Bank About the Bank 1. Vision: To build a world-class Bank in India, founded with principles of Ethical, Digital, and Social Good Banking. 2. Scale: IDFC FIRST Bank is one of India’s fast-growing private banks, building its UI, UX, and tech stack like a fintech. As of December 31, 2025, the Bank serves 35 million customers, with a customer business of Rs. 5,62,090 crore ($63.0b) comprising customer deposits of ₹2,82,662 crores ($31.7b) and loans & advances of ₹2,79,428 crores ($31.3b). Customer deposits grew 24.3% YoY and loans 20.9% YoY. We reach over 60,000 cities, towns, and villages, operate through 1,066 branches. 3. Scope: We are a universal Bank offering complete range of services, including Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Credit Cards, Wealth Management, Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions. 4. Ethical Banking: We are committed to doing right even when customers are not watching. We have simplified descriptions, calculations, and legal jargon to avoid confusing customers. 5. Digital Banking: The Bank's modern technology stack delivers high-quality services across all channels like mobile, branch, internet banking, call centers and relationship managers. Built on cloud-native, API-led, microservices architecture, supported with data, analytics, AI, and fine aesthetics, we strive to deliver fintech-grade experiences on banking platform. 6. Social Good: We work for society. We have impacted over 40 million lives including 3.6 million women entrepreneurs. We have financed over 7.5 million lifestyle improvement loans (for laptops, washing machines, refrigerators etc. that enhance the quality of life of middle class), 2.5 lakh electric 2W and 3W vehicles, 2.7 lakh water, sanitation, and hygiene loans, 2 million livelihood (cattle) loans, and 300,000+ SMEs. On deposits, we provide access of premium investment research, which is usually reserved for the wealthy, even to those holding balances as low as ₹5,000. Our ESG scores are high and improving. 7. Customer Friendly Banking: We make banking easy by having a customer first approach. We have waived fees on 36 essential savings account services which are commonly charged in the market, the first and only bank in India to do so. We create “pull” products that customers actively seek out. 8. Governance: We adhere to regulatory guidelines in letter and spirit and actively work with regulators to make things better. We take pride in maintaining highest levels of corporate governance. 9. Shareholders: We are building a well-diversified universal banking portfolio designed to deliver consistent ROE of 16%+. 10. Employees: IDFC FIRST Bank is designed to be a happy place to work, with cutting-edge roles, meaningful growth opportunities, and a culture of meritocracy. Compensation is healthy, efforts are recognized, and employees experience the pride and excitement of creating a world-class Bank in India. (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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