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    April 8, 2026
    CCI approves acquisition of 100% equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Ltd.
    April 8, 2026
    CCI directs 17 Opposite Parties to cease and desist from anti-competitive practices in relation to tenders invited by Assam Police Housing Corporation...
    April 8, 2026
    CCI approves acquisition by Citrus Investment LLC (Citrus) of additional shareholding of 0.4% in Hitachi Construction Machinery Co., Ltd. (HCM) and (i...
    April 8, 2026
    CCI approves proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Ltd. by ...
    April 8, 2026
    CCI approves acquisition of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. by Indriya Ltd.
    April 8, 2026
    Rupee surges 50 paise to 92.56 against USD in early trade after US, Iran agree to 2-week ceasefire
    April 7, 2026
    Adani seeks dismissal of SEC case, cites extraterritorial overreach, lack of jurisdiction
    April 7, 2026
    AERA announces 25 pc cut in flight landing, parking charges across major airports for 3 months
    April 7, 2026
    Rupee falls 16 paise to close at 93.06 against US dollar
    April 7, 2026
    Delhi Court grants bail to 'conman' Sukesh Chandrasekhar in ED case
    April 7, 2026
    TN polls: AIADMK's Leema Rose richest candidate
    April 7, 2026
    ED attaches over Rs 39-cr assets of Al-Falah chairman Siddiqui, his charitable Trust
    April 7, 2026
    RBI invites comments on the Draft “Reserve Bank of India (Branch Authorisation) Amendment Directions, 2026”
    April 7, 2026
    DBS Bank India launches relationship-led banking, for India’s globally mobile, emerging affluent
    April 7, 2026
    Most Gujarat industries functional despite West Asia crisis; no issue of gas availability: Officials
    April 7, 2026
    Delhi court grants bail to 'conman' Sukesh Chandrasekhar in money laundering case
    April 7, 2026
    Release of Draft Uniform Guidelines for Compilation of Gross State Value Addition (GSVA) Estimates with Base Year 2022-23 and District Domestic Produc...
    April 7, 2026
    All-India Workshop on State Income and Related Aggregates with new base year (2022-2023) during 8th to 10th April, 2026, Visakhapatnam, Andhra Pradesh
    April 7, 2026
    ‘bob SAMVAD’, an AI-powered multilingual conversational platform of Bank of Baroda to transform in-branch customer interactions launched in Mumbai
    April 7, 2026
    Stopgap measures aren't enough to halt rising prices as world scrambles for more oil
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April 8, 2026
CCI approves acquisition of 100% equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Ltd.
Show AI Summary
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
CCI directs 17 Opposite Parties to cease and desist from anti-competitive practices in relation to tenders invited by Assam Police Housing Corporation for “Internal and External Electrification works in Police Station Buildings” across the State
Show AI Summary
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
CCI approves acquisition by Citrus Investment LLC (Citrus) of additional shareholding of 0.4% in Hitachi Construction Machinery Co., Ltd. (HCM) and (ii) sole control of its 50:50 joint venture, HCJI Holdings K. K. (HCJI)
Show AI Summary
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
CCI approves proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Ltd. by Torrent Power Ltd.
Show AI Summary
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
CCI approves acquisition of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. by Indriya Ltd.
Show AI Summary
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
Rupee surges 50 paise to 92.56 against USD in early trade after US, Iran agree to 2-week ceasefire
Show AI Summary
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
Adani seeks dismissal of SEC case, cites extraterritorial overreach, lack of jurisdiction
Show AI Summary
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
AERA announces 25 pc cut in flight landing, parking charges across major airports for 3 months
Show AI Summary
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
Rupee falls 16 paise to close at 93.06 against US dollar
Show AI Summary
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
Delhi Court grants bail to 'conman' Sukesh Chandrasekhar in ED case
Show AI Summary
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
TN polls: AIADMK's Leema Rose richest candidate
Show AI Summary
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
ED attaches over Rs 39-cr assets of Al-Falah chairman Siddiqui, his charitable Trust
Show AI Summary
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
RBI invites comments on the Draft “Reserve Bank of India (Branch Authorisation) Amendment Directions, 2026”
Show AI Summary
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
DBS Bank India launches relationship-led banking, for India’s globally mobile, emerging affluent
Show AI Summary
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
Most Gujarat industries functional despite West Asia crisis; no issue of gas availability: Officials
Show AI Summary
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
Delhi court grants bail to 'conman' Sukesh Chandrasekhar in money laundering case
Show AI Summary
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
Release of Draft Uniform Guidelines for Compilation of Gross State Value Addition (GSVA) Estimates with Base Year 2022-23 and District Domestic Product (DDP) Estimates
Show AI Summary
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
All-India Workshop on State Income and Related Aggregates with new base year (2022-2023) during 8th to 10th April, 2026, Visakhapatnam, Andhra Pradesh
Show AI Summary
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
‘bob SAMVAD’, an AI-powered multilingual conversational platform of Bank of Baroda to transform in-branch customer interactions launched in Mumbai
Show AI Summary
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
Stopgap measures aren't enough to halt rising prices as world scrambles for more oil
Show AI Summary
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.

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GST REIMBURSEMENT SCHEME

May 20, 2026

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GST REIMBURSEMENT SCHEME

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