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    CCI directs 17 Opposite Parties to cease and desist from anti-competitive practices in relation to tenders invited by Assam Police Housing Corporation...
    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 ...
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    ‘bob SAMVAD’, an AI-powered multilingual conversational platform of Bank of Baroda to transform in-branch customer interactions launched in Mumbai
    Stopgap measures aren't enough to halt rising prices as world scrambles for more oil
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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.
April 7, 2026
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Bail in money-laundering case granted after prolonged custody crossed the statutory threshold under the bail provision.
Bail was granted in a money-laundering case arising from allegations of acting as a middleman in relation to the AIADMK's election symbol, after the court noted detention beyond half of the maximum imprisonment prescribed under the Prevention of Money Laundering Act. The court applied the near-mandatory bail provision under Section 479(1) of the Bharatiya Nagarik Suraksha Sanhita, subject to strict conditions including bonds, non-interference with witnesses, surrender of passport and travel restrictions.
April 7, 2026
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Election affidavit disclosures and money laundering scrutiny mark the legal backdrop to a high-profile Tamil Nadu Assembly contest.
Election affidavit disclosures in the Tamil Nadu Assembly elections record that an AIADMK candidate for the Lalgudi constituency declared assets of about Rs 1,049.56 crore, comprising movable and immovable properties, along with business interests in real estate, gaming and hospitality. The filing also records four pending criminal cases, including Income Tax Department proceedings over transfer of tax assessments and matters under the Prevention of Money Laundering Act linked to Enforcement Directorate scrutiny of the husband's lottery business.
April 7, 2026
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Provisional attachment under money laundering law freezes Al-Falah-linked assets amid alleged diversion of proceeds of crime.
Provisional attachment under the Prevention of Money Laundering Act was issued against residential and agricultural immovable property, demat holdings, bank balances and fixed deposits linked to Al-Falah Group chairman Jawad Ahmad Siddiqui and Al-Falah Charitable Trust. The attachment was stated to freeze the properties pending further proceedings in an ongoing money laundering probe concerning alleged generation and diversion of proceeds of crime through the trust and university, including routing of funds through controlled entities and alleged siphoning of funds to a foreign destination.
April 7, 2026
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Business correspondent framework reform proposes new delivery point definitions, simpler eligibility norms, and uniform remuneration arrangements.
Reserve Bank of India has issued draft amendment directions for public comments across multiple categories of banks, revising branch authorisation and the business correspondent framework. The proposals define branch, Business Correspondent-Banking Outlet and Business Correspondent-Banking Touchpoint, simplify eligibility criteria for engaging business correspondents, subsume Business Facilitators under the business correspondent model, and standardise commission and remuneration arrangements in the business correspondent ecosystem.
April 7, 2026
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Relationship-led banking targets the emerging affluent with premium service features, digital access, and zero forex mark-up benefits.
DBS Bank India introduced DBS Aspire, a relationship-led banking proposition aimed at the emerging affluent segment and globally mobile customers seeking premium service features with digital access. Eligibility is linked to a total relationship value of Rs. 10 lakh or a minimum monthly savings account average balance of Rs. 2 lakh. The programme includes a DBS Aspire debit card with zero forex mark-up on international spends, zero charges on banking transactions and services, access to a relationship manager, competitive savings account returns on eligible balances, and access to the bank's digiportfolio investment platform.
April 7, 2026
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Industrial viability and gas availability in Gujarat remain intact despite West Asia disruptions, officials say.
Industrial activity in Gujarat remains largely functional despite the West Asia crisis, with officials stating that gas supply is fully available and that shutdowns in some sectors are driven mainly by viability, pricing, logistics and export-demand pressures rather than fuel shortage. The State Government is monitoring fuel supply, logistics and operational disruption, prioritising critical sectors, and has permitted temporary use of alternative fuels such as agro-waste, biofuels and briquettes to ease pressure on gas consumption.
April 7, 2026
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PMLA bail principles shape relief in a money laundering case despite multiple pending proceedings and prolonged detention.
Bail was granted in a money laundering complaint under the PMLA arising from the AIADMK "two leaves" symbol matter. The court held that the pendency of multiple cases did not, by itself, defeat the accused's right to bail in the present case when detention had crossed more than half of the proposed imprisonment period. It also noted that the accused was already on bail in most connected cases and had undergone prolonged detention because the predicate offence and PMLA proceedings had remained stayed.
April 7, 2026
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Regional accounts standardisation advances with draft guidelines for Gross State Value Addition and district income estimates.
Uniform guidelines have been released for the compilation of Gross State Value Addition estimates and District Domestic Product estimates, with a revised base year intended to improve accuracy, consistency and comparability of regional economic measurement. The framework aligns regional accounts with national accounts, emphasises updated data sources, refined estimation techniques, improved district allocation methods and standardised compilation practices across States and Union Territories.
April 7, 2026
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Base year revision for national and state accounts supports more accurate, consistent, and comparable economic estimates.
The base year for National Accounts has been revised to 2022-23 to reflect the current structure of the economy, incorporate updated data sources, and align estimation practices with international standards. States and Union Territories are also to revise the base year for Gross State Domestic Product so that state-level estimates remain accurate, consistent, and comparable. A three-day workshop is being organised to discuss methodological changes in GSDP compilation and draft uniform guidelines for District Domestic Product.
April 7, 2026
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Multilingual banking platform bob SAMVAD enables real-time branch conversations and makes customer service more inclusive.
AI-powered multilingual banking platform bob SAMVAD was launched to transform in-branch customer interactions through real-time, low-latency two-way communication in local languages. Developed in-house, it removes language barriers at branch counters by allowing customers and staff to communicate in their preferred language. The platform uses AI-driven speech and language technologies to translate spoken or typed queries instantly, with text display and an optional voice mode for audio access. It is being rolled out in phases across the branch network.
April 7, 2026
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Global oil supply disruption limits emergency reserve releases, sanctions waivers, and shipping fixes as prices remain elevated.
Rising oil and gasoline prices after disruption to Middle East supply routes have led governments to deploy emergency reserves, sanctions waivers, and shipping measures to add oil to the market. The article says these steps are only incremental and cannot fully replace the volumes stranded by conflict-related disruption, especially while transit through the Strait of Hormuz remains blocked. Analysts emphasize that resumption of transit is the most important step to restore stable oil and gas flows, and note that U.S. production and refinery constraints limit the effect of short-term fixes.
April 7, 2026
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Rupee depreciation and forex curbs weigh on currency sentiment amid geopolitical uncertainty and monetary policy watch.
The rupee weakened against the US dollar and closed at 93.00 (provisional) amid foreign capital outflows, a firm dollar, higher crude oil prices and geopolitical uncertainty. Market participants remained focused on the Reserve Bank's forthcoming monetary policy review, while the Reserve Bank had tightened foreign exchange market safeguards to curb speculative positions and cap banks' net open positions at USD 100 million.

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5th India–Tanzania Joint Trade Committee Meeting Held in Dar es Salaam to Strengthen Bilateral Economic Cooperation

May 1, 2026

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India–Tanzania Trade Shows Consistent Growth, Crosses USD 9 Billion Mark

The 5th Session of the India–Tanzania Joint Trade Committee (JTC) was held on 29–30 April 2026 in Dar es Salaam, Tanzania. The meeting was co-chaired by Commerce Secretary, Ministry of Commerce and Industry, Government of India, Shri Rajesh Agrawal, and Permanent Secretary, Ministry of Foreign Affairs and East African Cooperation of the United Republic of Tanzania, Amb. Dr. Samwel William Shelukindo. The session reviewed the progress achieved since the 4th Session held in New Delhi in August 2017 and reaffirmed a shared commitment to further strengthening bilateral trade, investment, and economic cooperation.

The discussions were held in a friendly and positive atmosphere, reflecting the strong and close relations between India and Tanzania. The deliberations highlighted the importance of the JTC as a key institutional mechanism for dialogue on trade and investment issues and for promoting mutually beneficial economic engagement. A comprehensive review of bilateral merchandise trade reflected steady and consistent growth since the 4th JTC held in August 2017 in New Delhi. Bilateral trade reached USD 9.02 billion in 2025–26, rising from USD 8.64 billion in 2024–25.

The discussions covered the promotion of trade settlement in local currencies, facilitation of long-term business visas for Indian businesspersons, strengthening regulatory collaboration in pharmaceuticals and capacity building in areas of health, AYUSH, education and shipbuilding.

Collaboration in mining sector including geological exploration and mining, value addition in the gemstone sector, regulatory developments related to gemstone exports, and opportunities for capacity building and skill development were discussed.

Strengthening cooperation in education and skills development remained a key focus area. The role of IIT Madras Zanzibar as a growing regional hub for higher education in science and technology was highlighted. Enhanced collaboration in MSME sector and to explore new institutional partnerships were emphasised.Areas such as vocational training, industrial research, innovation, and sustainable technologies were identified as promising avenues for cooperation.

Developments in digital cooperation in respect of existing MoU were reviewed, with a focus on digital public infrastructure, including India Stack. Opportunities for collaboration in real-time payments, Digilocker, and digital services were explored. Engagement in e-commerce, including sharing best practices and addressing regulatory challenges, also formed part of the deliberations.

India offered its expertise in shipbuilding and highlighted shipyard development and port infrastructure alongside potential partnerships with Tanzanian institutions.

India’s development cooperation through Lines of Credit exceeding USD 1.1 billion for water infrastructure projects in Tanzania was highlighted. These projects, currently under implementation, are expected to benefit over 6 million people across 24 towns. Continued collaboration in expanding water supply networks and infrastructure development remains a priority area.

The importance of fisheries and marine resources in supporting economic growth, livelihoods, and food security was underscored. Tanzania’s proposal for enhanced cooperation in aquaculture, fish processing, capacity building, and sustainable marine resource management received a positive response.

Emphasis was placed on fostering deeper involvement in healthcare and medicine, as well as enhancing capacity building in fields like oncology, and establishing exchange programs for medical specialists, nurses, and healthcare professionals from India. Collaboration aimed at expanding digital health and telemedicine to guarantee the provision of healthcare services to the most remote areas in Tanzania was promoted. Joint research concerning diseases common in Tanzania, including malaria, tuberculosis, and HIV/AIDS, was also deliberated.

Cooperation in agriculture was emphasised, covering emphasis on technology transfer, agro-processing, and research collaboration. Opportunities for Indian investment in agro-processing industries and value addition for key crops were highlighted. Collaboration in contract farming, micro-irrigation, and trade in pulses, including pigeon peas, was also explored. Engagement in the livestock sector, including dairy development, capacity building, and value chain strengthening, were also agreed as an important area for greater cooperation.

India extended support in the supply of locomotives and rolling stock, modernization of railway infrastructure, and capacity building through specialized institutions. Opportunities for collaboration in feasibility studies and maintenance systems were also explored.

Cooperation in renewable energy, natural gas, biofuels, and power infrastructure was discussed. The need for a comprehensive MoU covering all energy sub-sectors was emphasised. India offered support in consultancy, capacity building, project management, and development of energy infrastructure, including transmission systems and hybrid energy solutions.

A wide range of additional areas of cooperation were discussed, including participation in trade fairs and exhibitions, exchange of agricultural scientists, housing and urban development, and mutual recognition agreements in professional services. Market access issues, such as tariffs, phytosanitary measures, and regulatory procedures, were addressed, with continued engagement envisaged to resolve these concerns. Cooperation in standardization, competition policy, trade promotion, immigration, and fire and rescue services was also explored.

A delegation of Indian businesspersons, led by the Confederation of Indian Industries (CII), had also accompanied the Commerce Secretary. On the sidelines of the 5th session of India-Tanzania JTC, an India–Tanzania Joint Business Meet was also organized. Commerce Secretary of India, Shri Rajesh Agrawal, delivered the keynote speech, expressing high appreciation for the accelerating trade partnership between the two nations and the growing synergy between their respective markets. with participation from leading Indian and Tanzanian business representatives. The Tanzanian perspective was represented by Amb. John Ulanga, Director of International Trade and Economic Diplomacy, along with several prominent local business leaders. Their remarks focused on the strategic importance of Indian investment and the shared goal of fostering a more integrated and prosperous business environment across the East African region.

The Joint Trade Committee meeting concluded with a reaffirmation of the shared commitment to deepening bilateral trade and economic relations between India and Tanzania. The deliberations reflected a forward-looking approach, emphasizing strengthened institutional mechanisms, faster implementation of ongoing initiatives, and expanded cooperation across key sectors.

The next (6th) Session of the India–Tanzania Joint Trade Committee was agreed to be held in New Delhi, India, on mutually convenient dates.

 

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