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    Punjab records highest GST collections in April: FM Cheema
    FDI easing for foreign cos with up to 10 pc Chinese stake comes into effect
    Nashik court denies pre-arrest bail to TCS employee Nida Khan; custody of 4 extended till May 5
    India should create strategic buffers to navigate 'most difficult' energy shock: CEA Nageswaran
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May 2, 2026
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Goods and Services Tax collections in Punjab hit a record high, driven by stronger enforcement and improved compliance.
Punjab reported its highest-ever monthly Goods and Services Tax collection in April 2026, with gross and net collections at record levels and the State claiming the highest year-on-year GST revenue growth among the States. The comparison with the previous year was said to be affected by an abnormal IGST adjustment from April 2025, and adjusted growth figures were presented as evidence of continued organic improvement in tax administration and compliance. The performance was attributed to intensified enforcement activity and broader administrative measures under the State's GST regime.
May 2, 2026
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Foreign investment liberalisation expands automatic-route access for companies with limited Chinese shareholding and opens insurance sector to full FDI.
Foreign companies with Chinese or Hong Kong shareholding of up to 10 per cent are eligible to invest in India under the automatic route in sectors where FDI is permitted, subject to sectoral conditions. The land-border restriction now applies to beneficial owners, with excluded coverage for entities registered in China, Hong Kong, or other land-border countries, and certain investments remain subject to Reserve Bank reporting requirements. The rules also allow 100 per cent FDI in the insurance sector under the automatic route, subject to a 20 per cent cap for Life Insurance Corporation.
May 2, 2026
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Anticipatory bail and custodial interrogation shape a Nashik harassment probe involving alleged coercion and multiple accused.
A Nashik court rejected the anticipatory bail application of a TCS employee accused in a case involving alleged sexual harassment and forcible religious conversion, after the prosecution said custodial interrogation was necessary. The case is part of a wider SIT investigation into multiple FIRs concerning alleged sexual harassment at the company's Nashik unit, while police custody of four other accused was extended for further investigation.
May 2, 2026
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Strategic buffers are needed to manage the West Asia energy shock, rising import dependence and inflationary pressure.
India should build strategic buffers to manage the impact of the West Asia energy shock, which is described as unusually severe because it affects both oil and gas and creates wider vulnerabilities in import-dependent inputs such as nickel, tin and copper. The shock is presented as primarily a price shock for India, with implications for energy costs, trade, logistics and remittances, while policymakers are urged to remain flexible and to strengthen resilience for manufacturing and supply security.
May 2, 2026
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Government equity stakes in private companies drive Trump's activist industrial policy and profit-focused intervention strategy.
Government equity stakes in private companies are being used by the Trump administration as an industrial and economic security tool, with the president treating such investments as potentially profit-making public transactions rather than traditional bailouts. The article describes the administration's willingness to take ownership interests in businesses such as Intel and its consideration of a stake in Spirit Airlines, subject to the deal being financially advantageous to the government. It also notes related interventions, including a golden share structure, limits on foreign buyers' conduct, and arrangements tied to chip sales and critical minerals.
May 2, 2026
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Anticipatory bail and custodial interrogation in alleged harassment and forced conversion case at a TCS unit.
Anticipatory bail was sought by an accused in a case involving alleged sexual harassment and forcible religious conversion at the Nashik unit of TCS. The prosecution opposed pre-arrest protection on the ground that the offence was serious and that custodial interrogation was necessary because the applicant was described as one of the prime accused. The FIR alleged that she advised women employees to dress and behave in accordance with Islamic traditions.
May 2, 2026
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Preferential trade pact and wider cooperation shape India-Ecuador ties across healthcare, trade, technology and medical regulation.
India and Ecuador explored a preferential trade pact alongside wider cooperation in healthcare, agriculture, digital technology, trade and investment. The talks also covered expansion of Indian pharmaceutical exports, critical mineral supply chain partnerships, Ecuador's decision to join the International Solar Alliance and the International Big Cat Alliance, and a grant assistance MoU for Quick Impact Projects in Ecuador. Health discussions focused on affordable healthcare solutions, medical systems, regulatory cooperation in medical products and recognition of the Indian Pharmacopoeia.
May 2, 2026
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Foreign currency financing in GIFT City expands Natixis CIB's India presence and client servicing capabilities.
Natixis Corporate & Investment Banking opened a branch in GIFT City to strengthen its presence in India and the Asia Pacific region and expand client servicing. The branch will offer foreign currency-denominated structured products and financing, including energy and commodities, infrastructure, aviation and export financing, and will cater to corporate and institutional clients. The expansion is described as aligned with operational requirements and the applicable regulatory framework governing activity in GIFT City, including External Commercial Borrowings.
May 2, 2026
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Airline insolvency and shutdown prompt immediate wind-down, flight cancellations, refunds, and major job and market impact.
Spirit Airlines announced an immediate orderly wind-down of operations, cancelling all flights and ending customer service. The shutdown followed the failure to secure a government bailout amid severe financial distress, including repeated bankruptcy proceedings, heavy debt, rising operating costs and higher jet fuel prices. The company said customers could expect refunds, while about 17,000 jobs and competition in the budget airline market could be affected.
May 2, 2026
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Bankruptcy and bailout pressure left Spirit Airlines facing shutdown risk amid mounting debt and repeated insolvency filings.
Spirit Airlines faced an acute shutdown risk after the expected government bailout did not materialise, leaving its future uncertain amid a reported final proposal for a taxpayer-funded takeover. The airline's financial distress arose against the backdrop of repeated bankruptcy proceedings, rising operating costs, mounting debt and higher jet fuel prices, with prior Chapter 11 protection and later bankruptcy filings reflecting continuing balance-sheet strain.
May 2, 2026
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Financial market development reforms deepen liquidity, expand participation, and strengthen transparency across India's money, bond, and derivatives markets.
Indian financial markets are described as having matured through policy support, with stronger liquidity management in money markets, deeper and more liquid government securities markets, and an evolved derivatives framework for wider participation and easier risk management. Market infrastructure reforms include electronic trading platforms, expanded central clearing, initial margin rules for non-centrally cleared derivatives, and enhanced reporting of OTC foreign exchange, interest rate derivative, and gold transactions. Ease of investment for foreign investors has also been improved through relaxed norms, expanded retention routes, permitted investments from Special Rupee Vostro Accounts, and connectivity between domestic and global bond platforms.
May 2, 2026
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Industrial corridor development gains focus as DPIIT reviews infrastructure progress, stakeholder concerns and investor facilitation needs.
DPIIT reviewed progress of industrial corridor projects in Haryana and Rajasthan under the National Industrial Corridor Programme and held stakeholder consultations on implementation issues, infrastructure needs and investor facilitation. The review covered logistics hub development, industrial area infrastructure, a solar power project for industrial use and coordinated action by DPIIT, NICDC and State Governments to address bottlenecks, support industry requirements and strengthen investor confidence.
May 1, 2026
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Tariffs on EU autos rise amid dispute over trade deal compliance and shifting trade authority.
Higher tariffs on cars and trucks imported from the European Union are set to be imposed, on the stated ground that the EU is not complying with the trade deal previously reached between the parties. The trade framework had set a tariff ceiling on most goods, but the legal basis originally used to impose those charges was later rejected, prompting the use of alternative authorities and interim duties tied to trade imbalance and national security inquiries.
May 1, 2026
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War powers and tariff authority shape the administration's latest moves on Iran, EU trade, and pipeline approvals.
The Trump administration is arguing that the war in Iran ended with an early-April ceasefire, so the War Powers Resolution deadline for congressional authorization does not apply. The administration is also reshaping tariff policy after a Supreme Court ruling limited emergency-based tariffs on EU goods, while a new Canada-to-U.S. oil pipeline has received a key federal approval but still needs further state and environmental clearances.
May 1, 2026
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Money laundering through benami accounts alleged as ED seeks production warrant in extortion and fraud probe.
Enforcement Directorate sought a production warrant before a special PMLA court for a self-styled godman-cum-astrologer already in custody in separate rape and cheating cases, to proceed in a money-laundering investigation. The agency alleged an extortion racket, laundering through benami bank accounts, and acquisition of properties from proceeds of alleged victim exploitation and financial fraud, and said custody was needed to trace the money trail and identify beneficiaries.
May 1, 2026
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Money laundering risk assessment now targets digital and cross-border frauds, cyber scams, and emerging PMLA threats.
Risk assessment vetting within the Enforcement Directorate has been used to screen and record PMLA matters involving emerging money-laundering threats. The committee, chaired by a Special Director-rank officer, identifies new risk categories such as cyber and crypto-related fraud, digital arrest, fake loan scams, foreign interference, lobbying against national interest, immigration scams, intellectual property fraud, human trafficking and drug trafficking. The reported trend has shifted from cash-based corruption allegations to complex digital and globally connected financial crimes.
May 1, 2026
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EU auto tariffs and trade deal compliance take center stage as proposed tariff hikes unsettle bilateral trade terms.
The United States President announced an intention to raise tariffs on cars and trucks imported from the European Union to 25%, asserting that the EU was not complying with the parties' trade deal. The trade arrangement previously fixed a 15% tariff on most goods and was identified as the Turnberry Agreement, which both sides had earlier said they would preserve. The report notes that the status of the 2025 deal had already been unsettled after a Supreme Court ruling said the President lacked authority to declare an economic emergency and impose tariffs on EU goods.
May 1, 2026
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GST collections rise on compliance drives, AI-based scrutiny and expanded tax administration across Andhra Pradesh
Andhra Pradesh reported its highest-ever monthly tax collections since the introduction of GST, with April 2026 revenue showing year-on-year growth despite the impact of GST rate rationalisation. The collections rose across GST, IGST settlement, petroleum VAT and professional tax, supported by administrative efficiency, compliance improvement and growth in sectors such as real estate and construction. Revenue gains were reinforced by AI-driven data analytics, automated scrutiny, anti-evasion drives, UPI-based transaction analytics and database integration.
May 1, 2026
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Goods and Services Tax collection surge in Punjab driven by enforcement, compliance gains and technology-based anti-evasion measures.
Punjab reported its highest-ever monthly Goods and Services Tax collection for April, with gross and net GST receipts at record levels and strong year-on-year growth. The increase was attributed to improved core tax administration and compliance, and adjusted growth remained positive even after neutralising an abnormal IGST adjustment from the comparable period. Intensified enforcement, data analytics, intelligence-based inspections and anti-evasion drives were cited as key contributors, alongside technology-driven enforcement and taxpayer facilitation.
May 1, 2026
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Money laundering enforcement shifts toward cyber fraud and terror financing as asset attachments, prosecutions and safeguards expand.
Financial crimes have shifted from bank frauds, corporate scams and real estate cheating toward cryptocurrency fraud, cyber-enabled offences, terror financing and narcotics trafficking, with money laundering investigations described as highly complex because they involve multiple jurisdictions, cross-border transactions, layered financial structures and evolving technologies. The agency reported increased prosecution complaints, a high conviction rate, substantial asset attachments and use of restoration provisions to return properties to victims, while also strengthening supervisory controls, summons verification and accountability mechanisms.

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Redmi Note 15 SE Debuts in India with Snapdragon 6 Gen 3 And 5,800 Mah Battery

May 13, 2026

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Pune (Maharashtra) [India], May 13: Redmi has launched the Redmi Note 15 SE in India, targeting buyers who want a feature-rich 5G smartphone without crossing the Rs. 20,000 mark. Priced starting at Rs. 19,999, the smartphone brings a curved 120Hz AMOLED display, Qualcomm Snapdragon 6 Gen 3 processor built on a 4nm process, a 5,800 mAh battery with 45W turbo charging, and 5G connectivity. The Redmi Note 15 SE is available in Crimson Red, Frosted White, and Carbon Black across three storage configurations, targeting first-time buyers, students, and everyday users seeking genuine value in the mid-range segment. Upgrading to the latest Redmi smartphone does not have to stretch the budget. During the Bajaj Finserv Summer Sale, customers can split the total cost into affordable EMIs over a tenure ranging from 3 to 60 months. With an Easy EMI Loan of up to Rs. 5 lakh, zero down payment on select models, and instant approvals at partner stores, the entire process remains simple and hassle-free. Shoppers can visit any of the 1.5 lakh+ Bajaj Finserv partner stores across 4,000+ cities in India to bring home their new smartphone the same day. Curved AMOLED display - Designed for entertainment and gaming The Redmi Note 15 SE features a 6.77-inch curved AMOLED display with Full HD+ resolution and up to 120Hz refresh rate. The display also supports a 240Hz touch sampling rate and an instant touch sampling rate of up to 2560Hz, which may appeal to mobile gaming enthusiasts. Key display highlights include: • 3200 nits peak brightness • 12-bit colour depth with DCI-P3 wide colour gamut • 3840Hz PWM dimming • TÜV Rheinland Low Blue Light certification • 92% screen-to-body ratio The curved design and slim profile are expected to improve the multimedia viewing experience for streaming and gaming users. Snapdragon 6 Gen 3 processor with expandable storage The smartphone is powered by the Qualcomm Snapdragon 6 Gen 3 Mobile Platform built on a 4nm manufacturing process. The octa-core chipset delivers clock speeds of up to 2.4GHz and is paired with an Adreno GPU. The device supports expandable storage of up to 1TB through a microSD card, offering additional flexibility for buyers storing large files, videos, and games. 50MP AI camera system with 4K video recording The Redmi Note 15 SE comes equipped with a 50MP dual AI rear camera system featuring the Light Fusion 400 sensor and f/1.8 aperture. The rear camera supports 4K video recording at 30fps. Camera features include: • 50MP primary camera • 2MP depth sensor • 20MP front camera • 1080p front and rear video recording • AI-enhanced photography features The smartphone is expected to appeal to buyers seeking a balanced camera setup for social media content creation and everyday photography. Large battery with 45 W turbo charging The Redmi Note 15 SE packs a 5,800 mAh battery and supports 45 W turbo charging. Xiaomi is also bundling the charger in the box, which may attract buyers looking for a complete smartphone package without additional accessory purchases. The large battery capacity, combined with the energy-efficient 4nm chipset, is expected to support extended usage for streaming, gaming, and productivity. Enhanced durability and audio experience The smartphone includes IP65 and IP66 ratings for splash, water, and dust resistance under tested laboratory conditions. It also features dual speakers with Dolby Atmos and Hi-Res audio support. Additional features include: • In-screen fingerprint sensor • AI face unlock • Bluetooth 5.1 • Dual-band Wi-Fi support • IR blaster • Hybrid SIM slot with expandable storage The Redmi Note 15 SE also supports multiple 5G bands for wider network compatibility across India. Redmi Note 15 SE - Pricing and storage options In comparison to the upcoming Redmi Note 16 Pro, the Redmi Note 15 SE offers a more affordable package with dependable everyday performance. It is comfortably priced considering the range of features it offers. The storage and RAM options for the Redmi Note 15 SE include: • 6GB RAM + 128GB storage at Rs. 19,999* • 8GB RAM + 128GB storage at Rs. 21,999* • 8GB RAM + 256GB storage at Rs. 23,999* *Disclaimer: Prices and EMI amounts are subject to change based on offers and availability. Customers are advised to check the latest details at their nearest Bajaj Finserv partner store. How to buy the Redmi Note 15 SE on Easy EMIs at Bajaj Finserv partner stores The buying process at Bajaj Finserv partner stores is simple and typically takes 10 to 15 minutes, with customers able to take their new smartphone home the same day. 1. Visit the nearest Bajaj Finserv partner store from among 1.5 lakh+ stores across 4,000+ cities in India. 2. Select the preferred Redmi Note 15 SE variant based on budget and storage requirements. 3. Check eligibility for Easy EMIs at checkout using a mobile number and OTP verification. 4. Choose a flexible repayment tenure between 3 and 60 months. 5. Complete the purchase and take the new smartphone home the same day. For buyers searching for the best mid-range 5G phone under Rs. 20,000 in India or the Redmi Note 15 SE price in India 2026, Bajaj Finserv partner stores offer Easy EMIs, zero down payment on select models, and instant approvals — making this one of the most accessible smartphone upgrades available this summer. Bajaj Finance Limited  Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with a significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India, and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global Ratings.      To know more, visit www.bajajfinserv.in (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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