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July 18, 2026
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Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
July 18, 2026
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Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
July 18, 2026
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EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
July 18, 2026
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India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
July 18, 2026
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Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
July 17, 2026
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Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
July 17, 2026
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Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
July 17, 2026
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E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
July 17, 2026
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Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
July 17, 2026
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Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
July 17, 2026
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Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
July 17, 2026
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Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
July 17, 2026
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Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
July 17, 2026
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Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.
July 17, 2026
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Promoter shareholding increase through market purchases remains within creeping acquisition limits and signals confidence in long-term growth prospects.
Promoter and promoter-group shareholding in Reliance Industries Ltd increased by nearly 0.5 percentage points through market purchases during the June quarter. The purchases were reported to be within SEBI creeping acquisition limits, allowing gradual promoter acquisitions without triggering a mandatory open offer where prescribed thresholds are met. The increase may strengthen promoter control and marginally reduce public float, and was characterised as reflecting confidence in long-term growth, earnings trajectory and capital-allocation plans.
July 17, 2026
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Tariffs on Russian oil purchasers would target sanctions evasion, with reassessment mechanisms and limited energy-sector exemptions proposed.
Proposed United States Senate legislation would impose mandatory tariffs on imports from leading purchasers of Russian oil or gas and leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustments, while exempting qualifying countries reducing Russian gas imports. Russian uranium purchases for specified nuclear and medical needs, and certain nuclear and space cooperation activities, would be excluded.
July 17, 2026
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Foreign currency non-resident deposits enable overseas Indians to invest foreign earnings while supporting India's foreign-exchange reserves.
Foreign Currency Non-Resident deposits allow Non-Resident Indians and Persons of Indian Origin to maintain overseas earnings as foreign-currency fixed deposits with Indian banks without conversion into Indian rupees. Banks may offer enhanced interest rates for a limited period under an initiative intended to strengthen foreign-exchange reserves and support the rupee. The framework covers the investment process, regulatory requirements, taxation aspects and advantages for eligible overseas investors.
July 17, 2026
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GST compliance management integrates reconciliation, input tax credit support, invoicing and statutory monitoring within an AI-powered enterprise platform.
The unified cloud platform combines accounting, manufacturing, inventory, procurement, human resources, payroll, compliance, reporting and document management with an embedded AI agent. Its compliance functions include GST validation, purchase-register reconciliation with GSTR-2B, input tax credit support, supplier filing-gap detection, e-invoicing, e-way bills, TDS and statutory due-date tracking. Financial and operational workflows are intended to use common real-time data, with automation for invoices, journal entries, reconciliations, reporting, workflow approvals and compliance-risk monitoring.
July 17, 2026
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Institutional trade cooperation expands through industry MoUs, supporting investment, innovation and technology partnerships across strategic economic sectors.
Bilateral trade and investment cooperation was advanced through ministerial discussions and industry engagements concerning financial markets, innovation, enterprise financing and commercial relations. Two institutional Memoranda of Understanding established mechanisms for industry collaboration and greater business engagement. Sector-specific interactions covered digital and frontier technologies, space, clean energy, bioeconomy, circular economy, infrastructure and advanced manufacturing, focusing on collaboration, investment and technology partnerships.
July 17, 2026
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Codex spice standards harmonise quality benchmarks for cardamom, coriander and vanilla, supporting trade consistency, market access and export competitiveness.
Codex standards for large cardamom, coriander and vanilla establish harmonised international quality benchmarks following review by relevant committees on analytical methods, food additives and food labelling. The standards are intended to promote consistent quality requirements, facilitate trade, improve market access and support export competitiveness. India was also accepted as Co-Chair of an Electronic Working Group developing policy guidance on risk analysis for new food products.

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August 26, 2026

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New Delhi, Aug 26 (AP) Following are the top stories at 5 pm: TOP STORIES FGN28 NEPAL-FLOOD-INDIANS (3.49 PM)

Nearly 400 people, including 105 Indians, missing after Nepal floods near Tibet border Kathmandu: At least 105 Indians are among the nearly 400 persons missing after the devastating flash floods in Nepal's Rasuwa district bordering Tibet on Wednesday. By Shirish B Pradhan

DEL29 HM-BIHAR-FLOOD (4.51 PM)

Nepal flash floods: Amit Shah dials Bihar CM on flooding risk, NDRF being mobilised New Delhi: Union Home Minister Amit Shah on Wednesday spoke to Bihar Chief Minister Samrat Choudhary on the risk of flooding in the state following torrential rains and a glacier burst in neighbouring Nepal, officials said.

NATION BOM4 MH-MPSC-EXAM-CANCELLATION (3.07 PM)

MPSC cancels Drug Inspector recruitment process over paper leak findings Mumbai: The Maharashtra Public Service Commission (MPSC) has cancelled the recruitment process for Drug Inspector Group-B posts under the Food and Drug Administration Department following a preliminary inquiry into alleged malpractice in the screening examination conducted earlier this year.

BOM7 MH-MPSC EXAM-REAX (3.51 PM)

Drug Inspector recruitment exam paper sold for Rs 40 lakh, claims Oppn; govt assures probe Mumbai: NCP (SP) MLA Rohit Pawar on Wednesday alleged that the question paper of the Drug Inspector Group-B recruitment exam conducted by Maharashtra Public Service Commission (MPSC) in March was sold for Rs 40 lakh each to candidates, and demanded an inquiry.

DEL25 RAHUL-BH-PROTEST (4.22 PM)

BJP-led Bihar govt weaponising police to evade accountability to students: Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Wednesday lashed out at the BJP-led Bihar government over the student protests there, accusing it of turning the police into a weapon to evade accountability.

CAL17 BH-TEJASHWI-STUDENTS (4.30 PM)

Tejashwi Yadav meets injured protestors at Patna hospital, accuses govt of 'crushing' youth's future Patna: Bihar Leader of Opposition Tejashwi Yadav on Wednesday met students who were injured during an agitation here over alleged inconsistencies in competitive exams.

DEL19 BJP-CONG-PATRIARCHY (3.47 PM)

'Rahul Gandhi reduced to memes and reels,' says BJP on his smash-patriarchy remark New Delhi: The BJP on Wednesday slammed Congress leader Rahul Gandhi over his "smash the patriarchy" remark, alleging that he had reduced himself to "memes and reels" and questioning his record on women's empowerment.

DEL23 HEALTH-FMGE-NBEMS (4.07 PM)

FMGE row: NBEMS says open to genuine concerns, but qualifying standards cannot be diluted New Delhi: The National Board of Examinations in Medical Sciences (NBEMS) is willing to address genuine concerns of Foreign Medical Graduates (FMGs), but there can be no compromise on the minimum competency required to practise medicine in India, a senior official said on Wednesday.

DEL17 CONG-FADNAVIS-APTEL (3.37 PM)

Full of hypocrisy: Congress slams Fadnavis' flagging of APTEL ‘bias’ in favour of private firms New Delhi: The Congress on Wednesday said Maharashtra Chief Minister Devendra Fadnavis' reported letter to Prime Minister Narendra Modi flagging the Appellate Tribunal for Electricity's bias in favour of private power companies was full of "hypocrisy" and that he should also question decisions that have benefited the Adani group.

MDS10 KA-LAKE-LD BODIES (3.05 PM)

Karnataka: Woman, five children found dead in Vijayapura lake Vijayapura: A woman and her five children were found dead in Bhutnal Lake in Vijayapura, with police suspecting that they may have died by suicide, though the exact circumstances are yet to be established, an official said on Wednesday.

BOM5 MH-HC-FOREIGNERS-AADHAAR (3.21 PM)

HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action Mumbai: The Bombay High Court has noted a "concerning pattern" of foreign nationals infiltrating borders and fraudulently obtaining documents like Aadhaar and PAN cards to claim Indian citizenship, and urged the Centre to take immediate steps to address the issue.

DEL14 EC-GEN Z-OUTREACH (2.42 PM)

EC renews outreach plans for Gen Alpha, Z New Delhi: The Election Commission (EC) has initiated renewed efforts to reach out to Gen Alpha and Z ahead of the 2029 Lok Sabha polls to make them aware voters who are well-acquainted with the electoral process and can lead future campaigns to educate people.

BOM6 MP-MINISTER-CONGRESS (3.42 PM)

Cong seeks MP govt's dismissal for 'not sanctioning' prosecution of Vijay Shah over remarks against Col Qureshi Bhopal: The Congress on Wednesday demanded that the President dismiss the BJP government in Madhya Pradesh for 'not sanctioning' the prosecution of minister Vijay Shah for his objectionable remarks about Indian Army officer Colonel Sofia Qureshi.

CAL16 MG-ASSEMBLY-URANIUM (3.59 PM)

Meghalaya assembly passes resolution against exploration, mining of uranium Shillong: The Meghalaya assembly on Wednesday passed a resolution against exploration and mining of uranium in the northeastern state.

DEL9 GEN ALPHA-PROTESTS-LOUDER (2.41 PM)

One for the future: Gen Alpha rise to demand accountability, better infrastructure New Delhi: The summer of student discontent is moving into autumn... from Jantar Mantar to obscure muddy paths, from the heart of the Indian capital to villages and towns fighting for a place on the education map, and from Gen Z to Gen Alpha.

MDS12 KA-DELHI VISIT-CM (4.39 PM)

Karnataka CM Shivakumar to meet union ministers, SC lawyers in Delhi on Aug 27 Bengaluru: Karnataka Chief Minister D K Shivakumar will visit New Delhi on Thursday to meet union ministers and lawyers representing the state in the Supreme Court over river water disputes.

MDS11 KL-LD ONAM (4.34 PM)

Thiruvonam brings Keralam alive with homecomings, feasts and cherished traditions Thiruvananthapuram: The vibrant colours of Onam were in full bloom across Kerala on Wednesday with people celebrating the auspicious Thiruvonam, the culmination of the state's 10-day Onam festivities, with family gatherings and reunions that brought together generations.

LEGAL LGD6 SC-SAMADHAN SAMAROH-SUCCESS (4.14 PM)

1978 trade dispute, 47-year tenancy row among cases resolved in Supreme Court's special Lok Adalat New Delhi: Several long-pending disputes have been brought to closure including a 47-year-old tenancy battle, a commercial matter dating back to 1978 and an Ayodhya property dispute resolved with the help of a digitally signed agreement transmitted from Dubai - thanks to a mega Lok Adalat held in the Supreme Court.

LGD3 DL-HC-RIOTS-TAHIR (4.05 PM)

Ex-councillor Tahir Hussain moves Delhi HC against conviction, life term for murder of IB officer New Delhi: Former AAP councillor Tahir Hussain has approached the Delhi High Court against his conviction and life sentence for the murder of Intelligence Bureau (IB) staffer Ankit Sharma during the February 2020 riots, saying the investigation was aimed at implicating him to satisfy public anger.

LGD4 SC JUDGE-CJI-LETTERS (3.58 PM)

SC judge Sandeep Mehta writes to CJI against ACJ of Rajasthan HC New Delhi: Supreme Court judge Sandeep Mehta has urged Chief Justice of India (CJI) Surya Kant to appoint with "immediate effect" a chief justice from outside Rajasthan to head the high court in the state, alleging serious administrative irregularities and selective case listings under its acting Chief Justice Sanjeev Prakash Sharma.

LGD5 AST-TRACK COURTS-CASES (4.11 PM)

UP tops pendency list across fast-track courts; Delhi has 7,385 pending cases: RTI reply New Delhi: Uttar Pradesh accounts for nearly 78 per cent cases pending before Fast Track Courts (FTCs) across the country, with more than 13.74 lakh cases awaiting disposal, according to data obtained under the Right to Information (RTI) Act from the Department of Justice. By Manish Raj

FOREIGN FGN25 NEPAL-LD FLOOD (3.01 PM)

At least four killed after flash flood sweeps through Nepal districts near Tibet border Kathmandu: A sudden, massive flood swept through two central Nepal districts bordering Tibet killing four people, causing extensive devastation at settlements along the river and damaging at least a dozen hydropower projects early Wednesday. By Shirish B Pradhan

FGN24 CHINA-FLOODS (3.00 PM)

Xi orders all-out rescue, relief efforts after mudslide hits China-Nepal border Beijing: Chinese President Xi Jinping has ordered all-out efforts to search for and rescue people missing after a mudslide struck villages at the China-Nepal border area in Tibet causing heavy casualties. By K J M Varma

FGN27 US-CLINTON (3.24 PM)

India, China can help resolve West Asia conflict: Hillary Clinton New York: India and China could be among key players who could contribute to resolving the West Asia conflict if US President Donald Trump wants to use "diplomacy instead of bluster", said former Secretary of State Hillary Clinton.

FGN23 US-MAMDANI-LD BHAGWAT (2.32 PM)

NYC Mayor Mamdani opposes RSS chief Bhagwat's Madison Square Garden event New York: New York City Mayor Zohran Mamdani has said he does not support the planned event at Madison Square Garden featuring RSS chief Mohan Bhagwat, who is scheduled to address the Indian diaspora later this week.

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