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    Good corporate governance central to India's development: Jitendra Singh
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August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.

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Swyom Advisors Marks Three Years of Operations at 'Beyond Alpha: Chapter 3' in Mumbai

September 8, 2026

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Investment manager uses anniversary platform to set out its reading of a maturing Indian alternatives market Mumbai, Maharashtra, India (NewsVoir) Swyom Advisors Limited, the SEBI-registered investment manager to the Swyom India Alpha Fund, marked the completion of three years of operations at Beyond Alpha: Chapter 3, an evening reception held on Saturday, 5 September at the Grand Ballroom, Taj Santacruz, Mumbai. The gathering brought together the firm’s investors, distribution partners, service providers and associates from across the Indian capital markets ecosystem.

L–R: Jaideep Kanse, Swyom; Radha Raman Agarwal, MD & CEO, Swyom Advisors; and Sanjay Mishra, former COO, Marico India, at Beyond Alpha, Taj Santacruz, 5 September 2026 The evening ran under the theme ‘Building Bonds, Breaking Boundaries, Blazing Beyond’, a framing the firm has used to describe the three priorities it says have defined its first three years: deepening relationships with its stakeholders, widening the research questions it is willing to take on, and building the institutional infrastructure to carry both forward.

“Three years is a short life for an investment firm, but it has not been a quiet one,” said Radha Raman Agarwal, Managing Director and Chief Executive Officer, Swyom Advisors Limited. “This period has handed Indian markets a broad market advance, a mid-cycle correction, a geopolitical energy shock and a sharp reversal in foreign flows. Firms are not built in benign conditions. What we take from these three years is a working method we trust, a team that has been tested, and the relationships that made both possible.” Building the firm In a presentation to guests, Agarwal set out the firm’s progress as an operating business. Swyom Advisors now manages assets of over Rs. 300 crore across close to 200 investors, and has grown to a team of more than 20 professionals, including a dedicated in-house research team. Growth in assets under management reflects a combination of investor inflows and market movement and is not a representation of returns.

Aditi Kedia, Director, Swyom Advisors Limited, spoke to the widening of the firm’s investor and partner base over the three years, and to the work of building a distribution network across independent advisers, wealth platforms and family offices. Sweta Agarwal, Director and a member of the firm’s Investment Committee, closed the evening with a vote of thanks, in which more than 24 partner firms and professional associates were formally recognised for their role in the firm’s first three years.

A maturing alternatives market Speaking to the wider context, Agarwal pointed to the changing composition of India’s alternatives market. Citing SEBI’s Alternative Investment Funds statistics, he noted that total commitments raised across AIFs have reached approximately Rs. 16.94 lakh crore since the framework was introduced in 2012, with Category III funds accounting for around Rs. 3.15 lakh crore - the fastest-growing of the three categories. Category III funds, which pursue diverse and often complex strategies, have moved over the past decade from a niche allocation to a recognised line item in the portfolios of Indian family offices and ultra-high-net-worth investors.

The firm noted that three years of continuous operation is also the point at which institutional allocators and intermediaries typically begin formal evaluation of a manager, making the anniversary an operational milestone as much as a symbolic one.

“The Indian alternatives market is at the stage where the conversation has to move past product and towards process,” Agarwal said. “Allocators are asking harder questions about how decisions get made, how risk is governed, what happens when a thesis is wrong. Those are the right questions, and the firms that answer them plainly are the ones this market will reward with longevity.” The programme also included a fireside conversation on the premiumisation of Indian consumption between Sanjay Mishra, a consumer-sector business leader who previously served as Chief Operating Officer, India and Chief Executive Officer, New Business at Marico, and Jaideep Kanse, Business Consulting Partner at Swyom and former Chief Marketing Officer at Asian Paints.

What comes next Setting out the firm’s priorities for the period ahead, Agarwal described an ambition framed less around size than around institutional depth. Swyom Advisors has opened an office in Kolkata as it widens its partner network beyond western India, has strengthened its research function with institutional data and analytics infrastructure, and is adding to both its research and sales teams. The firm is separately evaluating a presence at GIFT City as a route to a more geographically diversified investor base. Alongside these, it says it will continue to invest in governance, talent and investor experience as the business scales.

About Swyom Advisors Limited Swyom Advisors Limited is the investment manager to the Swyom India Alpha Fund, a Category III Alternative Investment Fund registered with the Securities and Exchange Board of India (SEBI Registration No. IN/AIF3/22-23/1170). The firm commenced operations in September 2023 and is headquartered in Mumbai.

Further information is available at www.swyom.com.

Disclaimer This release is issued for information purposes only. It does not constitute, and must not be construed as, an offer, invitation, inducement or solicitation to subscribe to, purchase or deal in units of any scheme of any Alternative Investment Fund. Units of Alternative Investment Funds are offered solely by way of private placement to eligible investors, through and on the terms of the relevant private placement memorandum and constitutive documents. Nothing in this release constitutes investment advice or a recommendation in respect of any security or company, and no reference to any person or organisation should be read as such. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Past performance is not indicative of, and carries no assurance of, future results.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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