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    Bajaj Finance Acquires 5% Stake in TrueFan AI as part of Finserv Intelligence
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September 8, 2026
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Corporate share transaction validity was sustained after allegations of altered control and financial impropriety were rejected in prolonged proceedings.
The National Company Law Appellate Tribunal set aside the Tribunal's decision after considering historical corporate records and contemporaneous material, rejecting allegations of financial impropriety concerning the private placement and share transfers. It upheld the relevant corporate decisions and transactions. The Supreme Court declined to interfere with the appellate determination, concluding the prolonged challenge brought by Bhagwati Developers Private Limited.
September 8, 2026
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PMLA information-sharing enables a police FIR request over alleged bribery, sham consultancy payments, and suspected fund routing.
Enforcement Directorate used PMLA information-sharing powers to seek a police FIR over alleged bribery, sham consultancy payments, and laundering of funds linked to CMRL and Exalogic Solutions. The allegations concern purported payments for IT consultancy services, use of Exalogic Solutions as a corporate vehicle for routing payments, and alleged transfers of funds to Dubai. The investigation also draws on allegations of fictitious corporate expenditure that generated cash for unlawful payments.
September 8, 2026
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PMLA information-sharing in alleged consultancy payments enables police FIR registration and potential money-laundering proceedings thereafter.
Section 66(2) of the Prevention of Money Laundering Act permits the Enforcement Directorate to share criminal-investigation findings with law-enforcement agencies for registration of a fresh FIR or complaint. A police case registered on that information can form the basis for a PMLA case. In the reported investigation, FIR registration was sought on evidence gathered during the PMLA probe and searches concerning alleged consultancy payments.
September 8, 2026
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Governance and risk oversight gain focus as strategic advisers support institutional-grade alternative credit operations for MSMEs.
Strategic Advisory Board appointments add Mr. Rajaram and Mr. Bala Swaminathan to UpTik's advisory leadership for its invoice discounting and alternative credit operations. Their respective experience in structured finance, regulatory compliance, banking operations, treasury and institutional finance is intended to strengthen governance, risk oversight, compliance, credit-management frameworks and institutional partnerships. The appointments support expansion of transparent and responsible alternative credit access for MSMEs.
September 8, 2026
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Homebuyer claims and delayed possession require a comprehensive proposal, while frozen accounts remain unavailable for insolvency operations.
Proceedings concerning delayed real-estate projects require a fresh comprehensive proposal addressing possession, refunds, delayed-possession compensation, and enforcement-related claims of all homebuyers across the developer's group entities. An inadequate proposal may lead to appointment of a High-Powered Committee to assume relevant responsibilities. Frozen bank accounts remain under restraint, and a request by the Insolvency Resolution Professional to operate an account for company affairs was not entertained. The proceedings also raise concerns over enforcement of real-estate regulatory directions and protection of homebuyers facing prolonged delays.
September 8, 2026
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Crude oil price volatility heightens India's import, inflation and fuel-retailer margin pressures amid West Asia supply disruptions.
Elevated crude prices arising from West Asia supply and maritime-transit risks increase India's oil import costs and may pressure the trade balance and currency. Higher international crude prices can feed into domestic inflation through fuel, transport and energy costs, depending on domestic price pass-through and the duration of the increase. Retail fuel-price restraint may compress fuel-retailer margins and increase LPG under-recoveries. Refiners, distributors, airlines, petrochemical businesses and other energy-intensive sectors also face higher costs, particularly where crude, LPG and naphtha supplies depend on regional transit flows.
September 8, 2026
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Alternative investment fund private placements require eligible investors and governing offering documents, with market-risk and no-advice disclosures.
Alternative Investment Fund units are not offered through public solicitation. Subscriptions, purchases or dealings in units may occur only by private placement to eligible investors and on the terms of the relevant private placement memorandum and constitutive documents. The material is not investment advice or a recommendation concerning securities or companies. Securities-market investments carry market risk, and past performance does not assure future results. Category III fund management is also associated with investment-process assessment, risk governance and institutional infrastructure.
September 8, 2026
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PMLA information-sharing mechanism triggers requested corruption FIR based on alleged consultancy payments and suspected proceeds of crime.
The requested police case concerns allegations that CMRL made fraudulent payments to Exalogic Solutions, a now-defunct company, by representing them as consideration for IT consultancy services. The investigation also alleged generation of proceeds of crime by CMRL management and persons connected with the recipient company. Searches reportedly resulted in seizure of handwritten notes containing details of certain fund transfers to Dubai.
September 8, 2026
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PMLA information-sharing mechanism supports police FIR referral based on alleged CMRL-linked payments and investigation material.
PMLA information-sharing power under section 66(2) permits the Enforcement Directorate to transmit money-laundering investigation findings and material recovered through searches to a law-enforcement agency for consideration of a fresh FIR or complaint. An FIR registered on that basis may also support a PMLA case. Registration was reportedly sought in relation to alleged CMRL-linked bribery involving purported fraudulent consultancy payments and material said to record fund transfers to Dubai.
September 8, 2026
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Export-led growth in technology goods and autos widens trade imbalances amid tariffs, strategic supply constraints, and diversification.
China's export growth accelerated in August, driven by demand for automobiles and high-technology goods, while imports also rose and the trade surplus widened. Export growth continued to outpace imports, supported by expanded shipments to Southeast Asia, Latin America and Africa and by rising exports of electric vehicles, industrial machinery and semiconductors. Reliance on exports amid weak domestic consumption and investment contributed to concerns over global economic imbalances and continuing strategic trade tensions.
September 8, 2026
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Foreign-exchange intervention supports rupee stability amid elevated oil prices, geopolitical tensions, and shifting global market indicators.
Rupee depreciation in the interbank foreign-exchange market reflected elevated Brent crude prices, Middle East geopolitical tensions and weaker investor confidence. RBI dollar sales and foreign-currency inflows under special schemes supported range-bound currency trading despite external pressures. A softer dollar index, foreign institutional equity purchases, inflation data and the Federal Open Market Committee meeting were identified as relevant indicators for currency-market direction.
September 8, 2026
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Performance-linked incentives for public sector bank executives are kept in abeyance pending bipartite settlement and joint note discussions.
Implementation of the Performance Linked Incentive Scheme for Public Sector Bank executives is kept in abeyance for FY 2025-26 following employee concerns about its structure. The scheme will be considered during ongoing Bipartite Settlement and Joint Note discussions. Employee representatives also raised issues concerning ex-gratia benefits and medical facilities for retired employees. The concerns are to be addressed through dialogue, consultation and mutual understanding.
September 8, 2026
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Customs trade data show stronger export and import growth, driven by automotive and high-technology demand.
China's customs trade indicators for August record export growth of 25% year-on-year, accelerating from July's 23.9% rate, supported by demand for automobiles and high-technology goods. Imports rose 28.2% year-on-year, up from July's 27.5% growth. Higher import and export values produced a trade surplus of $119.1 billion, widening from $112.5 billion in July.
September 8, 2026
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Money-laundering searches of media-linked premises prompted allegations of political vendetta, while investigators cited suspected funding and circulation irregularities.
Enforcement Directorate searches at premises linked to a Rajya Sabha member and an Urdu daily were undertaken in connection with a money-laundering investigation. The investigation arose from a police FIR and concerned allegations of material promoting communal disharmony, unaccounted cash transactions, suspicious funding, overstated circulation figures to secure government advertising, and advertising-linked funding connected with a Dubai-based entity. The political party disputed the action, alleging political motivation and targeting of a media voice.
September 8, 2026
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Money-laundering investigation into alleged Valmiki Corporation fund diversion includes renewed questioning and scrutiny of related irregularities.
Money-laundering investigation concerning alleged misappropriation of Karnataka Maharishi Valmiki Scheduled Tribes Development Corporation Limited funds involved further recording of a former minister's statement under the Prevention of Money Laundering Act. The inquiry follows earlier questioning, arrest, grant of bail and filing of a chargesheet over alleged fund-transfer irregularities. The former minister denied involvement, characterised the matter as bank fraud, and stated that no documents were sought during the inquiry.
September 7, 2026
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Aadhaar-based learning licence authentication faces challenge over age verification, identity safeguards, and compliance with prescribed licensing formalities.
Aadhaar-based online processing of learning and driving licence applications is challenged on the ground that Aadhaar is not valid proof of age and that reliance on Aadhaar details may enable issue of licences to underage applicants. Allegations that licences were issued using a deceased person's Aadhaar number and despite an obscene uploaded photograph raise identity-verification and security concerns. The Union and State maintain that Aadhaar alone does not result in licence issuance because prescribed formalities must also be completed.
September 7, 2026
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Digital payment transparency for religious institutions supports direct trust-account donations, reconciliation, and technology-led banking services.
Digital donation collection facilities for temples and religious establishments include kiosks, Bharat Bill Payment System payments and UPI QR-code payments. Donations may be credited directly to the relevant trust account, supported by transaction reconciliation and digital records to improve transparency and ease of transactions. Technology services also cover municipal dues payments and property-tax assessment, alongside banking support for defence-sector ecosystems, MSMEs, agriculture and priority-sector lending.
September 7, 2026
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Rupee exchange-rate movement reflected crude oil pressures, domestic equity weakness, foreign inflows, and a softer dollar.
Foreign-exchange market conditions resulted in the rupee closing weaker against the US dollar after initial support from foreign currency deposit inflows. Rising crude oil prices and weakness in domestic equity markets weighed on sentiment and offset support from a softer dollar and foreign investor equity purchases. Future movement may remain influenced by foreign inflows, crude oil prices, domestic market conditions, geopolitical tensions and inflation data.
September 7, 2026
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Surrogate advertising allegations challenge notices targeting brand ambassadors and raise jurisdiction and hearing concerns for product promoters.
Challenge to surrogate advertising allegations concerns notices requiring brand ambassadors promoting Vimal Elaichi to prove that it differs from prohibited pan masala, halt promotions, and remove digital materials. The product promoter contests the notices because they were addressed only to the actors, it was not heard, and the regulator allegedly lacked jurisdiction to stop the advertisements. Territorial jurisdiction to entertain the challenge is also contested.

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Customs, DGFT & SEZ

India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services

July 24, 2026

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Government Expands Global Market Access for Indian Service Providers Through FTAs and Trade Promotion Initiatives

 

The trend in India’s services exports over the last five years from 2021-22 to 2025-26, along with the major sectors driving this growth are:

Sectors

 

2021-

22

 

2022-

23

 

2023-

24

 

2024-

25

 

2025-

26

Share in Total Services exports

(1)

(2)

(3)

(4)

(5)

(FY26)

Total Services

254.5

325.3

341.1

387.5

421.3

100.0%

Sub-sectors contributing to major share of services exports

Telecommunications, computer and information services

125.6

152.3

163.6

183.3

206.6

49.03%

Business services

58.9

80.3

88.6

107.2

124.2

29.5%

In order to enhance services exports, Government of India follows a multi-pronged strategy. It comprises the following:

1. Focused strategies for enhancing exports are undertaken for specific markets and sectors.

2. Domestic sectoral challenges impeding services exports are identified in consultation with the stakeholders and addressed through concerned departments/ ministries.

3. Through Free Trade Agreements

  • Government has secured comprehensive market access and national treatment in services to allow Indian service providers to provide services in key sectors on no less favourable terms through different modes such as cross-border (including digital mode), commercial presence in the FTA partner country and temporary movement of professionals to the partner country. India’s recent FTAs have incorporated disciplines on domestic regulation to ensure that authorisation processes for key services are time-bound, predictable, objective, impartial, and transparent. This ensures that Indian service suppliers do not face challenges in partner countries due to opaque, unpredictable or burdensome regulatory procedures. Through FTAs, India has been able to obtain structured, expedited routes that will facilitate temporary mobility of skilled Indian professionals to provide services in foreign markets.
  • Facilitative provisions for time-bound negotiations of Mutual Recognition Agreements (MRAs) between relevant professional bodies, to facilitate recognition of qualifications and associated licensing requirements. Such MRAs aim to ensure that partner nations accept each other's certifications, and professionals do not have to go through duplicative local testing, additional training, or lengthy re-certification processes before they can practice.
  • Some other beneficial provisions are highlighted below :-
  • India has secured supportive framework for Students in FTAs with Australia and New Zealand.
  • Supportive framework related to Social Security Agreements (SSA) to avoid double payments and ensure continuity of social security protection have been secured in recent FTAs such as India-Oman CEPA, the side letter on SSA provisions in India-New Zealand FTA, Double Contribution Convention in India-UK CETA, and in India-EU FTA. Based on the understanding arrived under the India- UK CETA, an agreement on Social Security Contributions was signed on Feb. 10, 2026. This Agreement will ensure that workers will not be required to pay double contributions towards their social security, when they work temporarily in each other’s territory.
  • Traditional Medicine: Dedicated provisions/ annexes are secured in agreements with Oman and EU.
  • Double Taxation related provisions negotiated in India-Australia ECTA, securing commitments to eliminate Double taxation on India's IT services.

4. Trade promotion through schemes, and participation in and organization of international fairs/ exhibitions

SEPC, set up by the Department of Commerce, plays a key role in services trade promotion and undertakes market development, trade facilitation, policy advocacy, capacity building, buyer-seller engagement, international outreach and export-promotion activities across major services sectors. They are supported in this through financial assistance under the Export Promotion Mission of Government of India. Few of the recent activities undertaken by SEPC are highlighted below:

  • 2nd edition of Medical Value Tourism (MVT) Summit on 4-5 April 2025 organised with Tamil Nadu government, featuring hospitals, wellness centres, AYUSH centres and medical institutions from Tamil Nadu.
  • Indian Pavilions in association with relevant ministries and departments: at the Arabian Travel Market (ATM) 2025, from 28 April to 1 May 2025 at the Dubai World Trade Centre, Dubai; at Global Education & Training Exhibition (GETEX) held from 30th April 2025 – 2nd May 2025 at Dubai International Convention & Exhibition Centre, Dubai, UAE; at MIPCOM 2025 in Paris, France from 13-16 October 2025 on the theme "Waves Bazaar"; at Malaysia Health & Pharma Expo from 7-9th October 2025 in Kula Lumpur, Malaysia; at Tokyo Games Show from 24-26 September 2025 at Tokyo, Japan; and at GAMESCOM 2025 from 20-24th August 2025 at Cologne, Germany showcasing Indian companies’ capabilities in gaming and entertainment segments.
  • Organised events such as Future-Ready Logistics in India on 29th August 2025; International Conference on Transforming Higher Education & Skilling towards Viksit Bhat@2024 & Education Excellence Awards 2025 on 19th September 2025; Finolegal Convergence Summit 2025 on 5th December 2025 on the theme: “Regulation. Innovation. Globalization– Building India’s Legal–Fintech Edge”; and a National Dialogue on School Education Building Future- Ready Learners for a Skilled India on 13th December 2025 at New Delhi.

This information was given by Minister of State for Ministry of Commerce and Industry, Shri Jitin Prasada in a written reply in Rajya Sabha today.

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