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    25th Meeting of SCO Ministers Responsible for Economic and Foreign Trade Activities Held in Tajikistan
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September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
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Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
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Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.
September 18, 2026
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Upper-layer NBFC compliance places Tata Sons on a listing-oriented path emphasising transparency, governance, shareholder visibility, and philanthropic continuity.
Reserve Bank of India rejection of Tata Sons' application to surrender its core investment company registration requires compliance with the upper-layer non-banking financial company regulatory framework. The resulting regulatory path is associated with public listing. Shapoor Mistry supports listing as a means to enhance transparency, shareholder visibility, and corporate governance accountability, while potentially clarifying the holding company's value and supporting a durable flow of value towards charitable activities without compromising Tata's philanthropic mission.
September 18, 2026
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Duty-free market access will cover all covered exports upon entry into force under the bilateral free trade agreement.
Upon entry into force, the India-New Zealand Free Trade Agreement grants duty-free access in New Zealand for 100 per cent of Indian exports, including textiles and apparel, leather and footwear, engineering goods, pharmaceuticals, agriculture, and processed food products. It also provides enhanced preferential access to the Indian market for specified New Zealand exports. The Agreement further covers services, investment, professional, student and youth mobility, and cooperation in agricultural productivity, pharmaceuticals and medical devices, traditional medicine and AYUSH, technology, and trade facilitation.
September 18, 2026
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Competition clearance for additional shareholding acquisition facilitates increased investment in Azure Power's renewable energy business by OMERS Infrastructure.
Competition approval has been granted for a proposed combination involving OMERS Infrastructure Asia Holdings Pte. Ltd.'s acquisition of certain additional shareholding in Azure Power Global Limited from CDPQ Infrastructures Asia Pte. Ltd. Azure Power Global Limited is the parent entity of the Azure group, which establishes and operates renewable energy plants and sells solar power in India.
September 18, 2026
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Competition approval for interconnected acquisitions enables shared equity acquisition in Great White and sole control acquisition in ITVIS.
Competition-law approval covers an interconnected combination involving acquisition of 50% of Great White Global Private Limited's issued and paid-up equity share capital by EAAA Acquiring Entities and the Continuing Promoter group, through inter-connected steps using an acquisition special purpose vehicle that will merge into Great White. The combination also includes Mr. Mehul Shah's acquisition of sole control over ITVIS Innovations Private Limited.
September 18, 2026
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Competition approval for acquiring three Royals franchises covers cross-border professional cricket franchise ownership interests and related transaction arrangements.
Competition Commission of India granted competition approval for the proposed combination involving Westview Cricket Limited and Poonawalla Sports and Fitness Private Limited acquiring the Rajasthan Royals, Paarl Royals and Barbados Royals professional cricket franchises. The franchises operate respectively in India, South Africa and Barbados, with Rajasthan Royals participating in the Indian Premier League T20 cricket tournament organised by the Board of Control for Cricket in India.
September 17, 2026
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Sanctions bill permits punitive tariffs on oil and gas trading partners, raising energy-market and bilateral relationship concerns.
United States sanctions bill concerning Russia would authorize the President to impose sanctions on Russia and punitive tariffs of up to 100 per cent on nations importing Russian crude oil. The tariff mechanism may affect oil and gas trading partners, bilateral relations and global energy markets, with concern expressed over its implications for energy trade.
September 17, 2026
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Secondary sanctions on Russian energy trade could expose major crude importers to punitive tariffs and economic pressure.
Congressional legislation targeting Russia and Iran would authorise sanctions against Russia's leadership, energy sector, and vessels facilitating evasion of oil-delivery restrictions. It would also permit punitive tariffs of up to 100 per cent on leading trading partners continuing to import Russian oil and gas. India has identified possible effects on bilateral economic relations and the international energy market, while maintaining that diversified sourcing is necessary for energy security and that its trade and economic interests will be protected.
September 17, 2026
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Trust-nominated director consent shapes the contested chairmanship reappointment as regulatory classification renews pressure to consider a stock-market listing.
Validity of the reappointment is therefore contested under the company's internal governance framework despite the majority board vote, and the appointment is expected to be considered for ratification at the annual general meeting. The dispute also concerns the distinction between shareholder influence and directors' decision-making duties. A Trust sought to direct its nominee director to oppose a listing, but the director declined on the basis of independent director duties.
September 17, 2026
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Selective capital reduction offers a proposed shareholder-liquidity route while preserving private-company status, subject to valuation and approval scrutiny.
Tata Trusts has placed before the Tata Sons board a framework for the Shapoorji Pallonji Group to monetise part of its Tata Sons shareholding without requiring a public listing. The transaction would be valued under Rule 11UA principles, completed in two tranches over 18 months, and require Tata Sons to commence a selective capital reduction process before the National Company Law Tribunal. Completion remains contingent on financing capacity, regulatory and tribunal approvals, and scrutiny of valuation, shareholder treatment, and the legal validity of the capital-reduction structure.
September 17, 2026
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Board chair reappointment validity turns on mandatory nominee-director approval, amid separate listing-compliance and succession disputes.
Tata Sons' board reappointed its executive chairman by majority vote, but Tata Trusts contend that the resolution is void under the Articles of Association because both Trust-nominated directors must approve a chairmanship resolution. The dispute also concerns the effect of the chairman's earlier decision to step aside, an ongoing successor-selection process, and uncertainty over a nominee director's status following a failed general meeting. Separately, the rejection of Tata Sons' deregistration request has revived questions over compliance with the listing requirement applicable to an upper-layer non-banking financial company.
September 17, 2026
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Deep-sea fishing access supports export-oriented harvesting of high-value species, with foreign-port high-seas landings recognised as exports.
Deep-sea fishing policy promotes expansion of fishing operations within India's Exclusive Economic Zone (EEZ) and on the high seas to increase fisherfolk income through exports of high-value species. High-seas catch classification has been altered so that fish caught on the high seas and offloaded at a foreign port are treated as exports rather than imports.

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AutomationEdge Launched Assist-Edge at Global Fintech Fest 2026, Redefining How Enterprises Build and Scale Automation

September 19, 2026

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AI-powered Assist-Edge transforms natural-language intent into executable automation, helping enterprises reduce development effort by up to 80% and accelerate the journey from idea to business value.

Mumbai, September 19, 2026: AutomationEdge, an enterprise Agentic Automation platform, launched Assist-Edge at Global Fintech Fest (GFF) 2026, introducing a new way for enterprises to design, build and scale automation through natural-language interaction.

Assist-Edge enables automation teams to describe what they want to automate in simple English and use AI to create, modify and enhance AutomationEdge workflows. By bringing natural-language interaction directly into the automation development experience, Assist-Edge helps reduce development effort by up to 80%, depending on the complexity and starting point of the automation.

As enterprises move from traditional RPA and task automation toward AI-powered and Agentic Automation, the challenge is no longer simply identifying what can be automated. It is also about how quickly enterprises can build, customize and scale automation across business functions.

Assist-Edge addresses this challenge by helping teams move from a business requirement to a working automation faster—without requiring every workflow to be built from scratch.

Building from Scratch to Discovering, Customizing and Building Assist-Edge works alongside AgentEdge, AutomationEdge’s marketplace of 1,500+ AI Agents and workflows.

Teams can identify an existing agent/workflow, download it and then use Assist-Edge to customize it for their specific requirements.

This creates a new automation journey: Discover → Customize → Build → Deploy → Scale The combination of reusable AI capabilities and AI-assisted development can significantly reduce the effort involved in moving from automation opportunity to enterprise execution.

Prasad Likhite, Chief Sales Officer, AutomationEdge, said: “Enterprise automation is entering a new phase where the opportunity is not simply to automate more processes, but to fundamentally change the economics and speed of building automation. Assist-Edge changes how automation teams interact with development by allowing them to express their intent in natural language and accelerate the creation of executable workflows. When this is combined with the reusable intelligence available through AgentEdge and the execution capabilities of our Agentic Automation Platform, enterprises can move from an automation idea to business value significantly faster.” AI Across the Automation Lifecycle Assist-Edge is part of AutomationEdge’s broader AI-powered automation ecosystem, which brings together Agentic AI, AI Agents, RPA, Document AI, Conversational AI, integrations and enterprise workflow automation.

AutomationEdge is also extending AI assistance beyond workflow development across areas such as code review, log analysis, BRD generation, proposal generation, solution design, migration and test-case generation.

The objective is to help organizations accelerate not just automation development, but the broader journey from idea and design to deployment and execution.

Why It Matters for BFSI? For highly regulated industries such as banking, financial services and insurance (BFSI), scaling AI and automation requires more than speed. Enterprises need to balance innovation with security, governance, auditability and control.

Assist-Edge brings natural-language development together with AutomationEdge’s enterprise automation capabilities, enabling organizations to accelerate automation creation while operating within an enterprise automation environment.

Dhananjay Tambe, Former Deputy Managing Director & Chief Information Officer at State Bank of India and Chief Guest at the Assist-Edge launch, said: “The next phase of enterprise AI is about moving from experimentation to execution. For organisations, particularly in BFSI, the ability to translate business intent into secure, scalable and executable processes will determine how quickly AI creates real value. Assist-Edge brings an important dimension to this evolution by making automation development more intuitive through natural language. Combined with ready AI Agents and Agentic Automation, it can help enterprises shorten the distance between an idea and its implementation.” Prasanna Lohar, CEO Future Transformation & President India Finnovation Network added: “AI transformation in financial services is multi-fold, as we have witnessed through the evolution of digital banking and enterprise technology. The next phase is not just about building better intelligence, but about being future-ready with robust AI Governance, continuous AI Evaluation, and the ability to translate intelligence into enterprise-scale action.

The real opportunity lies in accelerating AI adoption across the BFSI industry — moving from isolated AI experiments to enterprise-wide implementation, reusable capabilities, and intelligent automation. Assist-Edge and AgentEdge can help financial institutions bridge this gap by bringing AI closer to the people who build and operationalize automation, while enabling scalable, governed, and responsible adoption.

This is an important step in the journey from Digital Banking to Intelligent Banking — where AI becomes an integral part of how financial services are designed, delivered, governed, and continuously transformed.” A New Automation Ecosystem With AutomationEdge’s Agentic Automation Platform, AgentEdge and Assist-Edge, enterprises can combine three critical capabilities: • Discover reusable AI capabilities.

• Customize them for specific requirements.

• Build new automation using natural language.

Together, these capabilities create a path from: Idea → Intent → Build → Orchestrate → Execute → Business Value The broader vision is to move enterprise automation from a collection of individual projects toward a reusable, scalable and increasingly intelligent enterprise capability.

About AutomationEdge AutomationEdge is the Enterprise Agentic Automation Platform that enables organizations to run business operations faster, smarter, and at scale.

Through industry solutions such as SupportFlo (IT Support, HR Support, Employee Support, Finance Support and Customer Support) along with its Assist-Edge and AgentEdge, AutomationEdge helps enterprises accelerate time-to-value and scale automation with ease.

Trusted by 200+ leading enterprises, AutomationEdge combines enterprise-grade security, governance, and a value-driven implementation approach to help organizations modernize operations, improve customer experience, and drive sustainable growth.

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

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