RBI orders, SEBI regulations, PLI schemes, and government policy news affecting businesses.
TCS has bagged a Rs 122.6 crore contract to construct an AI-enabled governance platform for the Odisha government, called OSWAS 3.0. TCS DigiBOLT will include workflow automation, analytics, security and digital services as part of the six-year project.
IRDAI has levied a penalty of Rs 1 crore on ICICI Lombard General Insurance Company for violation of outsourcing practices and corporate governance requirements. The penalty comes after an examination by IRDAI and show-cause notices in 2024.
The FSSAI has suspended the licenses of Kailash Formulation and Sanecure Water Project based in West Bengal after inspections uncovered major food safety, hygiene and sanitation violations. Concerns raised over the Sanecure Water Project included bug infestations, poor sanitation and more.
India’s top medicines regulator has cancelled three import registrations of Korean cosmetics importer Skintl Enterprises for labelling and warehousing irregularities. The company was found to be utilising wrong registration numbers, keeping products without necessary license etc.
Bengaluru-based British LifeSciences faces FSSAI action for sale of expired, mislabeled infant food goods The food safety regulator said it ordered the destruction of 3.7 metric tonnes of expired infant food and the seizure of wrongly labelled products during an examination.
Mumbai police have busted an alleged multi-crore food fraud involving tampering of manufacturing and expiry dates on packaged items of names like Lay’s, Kurkure, Maggi, Knorr, Hellmann’s, Thums Up and Limca.
Ola Electric has received INR 95.8 crore in PLI incentives from the Ministry of Heavy Industries under the Production Linked Incentive scheme for vehicles and auto components. The recent permission comes on top of INR 367 crore in FY25 and INR 73.74 crore in FY24.
Bournvita producer Mondelez India, Amway and several other food companies have dropped or modified health and nutrition claims after action by India’s food safety regulator FSSAI. Mondelez pulled Bournvita claims and ads listed as misleading.
Karnataka government has banned food licences of Amazon, Instamart and BigBasket after deadly datura fruits and seeds were identified for sale on their platforms, authorities said. Some of the products had FSSAI licence numbers and were stored as food items.
The Center has given in-principle clearance for leasing 11 AAI airports through five bundled public-private partnership concessions. The proposed 50-year leases will include airport operations, administration and development.
The FSSAI has stepped up its enforcement of food safety, sending over 150 notifications to big corporations like Nestle India, PepsiCo, Coca-Cola India, Mondelez, Red Bull and Ferrero for misleading claims, deceptive advertising and labelling violations.
India has ordered Google to erase hundreds of accounts and links hosted on Firebase that are suspected to be engaged in cyber frauds and financial crime. Law enforcement discovered fraudsters posing as banks who spread malware and stole sensitive financial information through dangerous connections.
Australia has passed a new law that requires large technology firms to pay for local news or pay hefty taxes. Meta, Alphabet, Microsoft and TikTok can dodge the fines if they make deals with at least eight publishers throughout their reporting period.
PhonePe has tied up with MeitY to connect its PulsePro business intelligence platform with the PM GatiShakti National Master Plan portal. Using anonymised, aggregated transactional data, PulsePro delivers hyperlocal insights into market activity.
India probes Oppo for alleged screen flaws in Reno 5 series phones after some consumers complained lines on the display. The DCA is investigating if the problems are a sign of a manufacturing fault and whether they could lead to repairs or reimbursement outside of warranty periods.
India’s commercial satellite internet rollout is still delayed, with permissions for Jio, Starlink and OneWeb held up over security concerns. The government is also looking at hazards arising out of foreign satellite networks bypassing Indian gateways.
Gujarat has permitted 12-hour work shifts at Micron’s semiconductor plant in Sanand, but statutory limit of 48 hours work per week will continue to apply. The measure comes with a view to assist semiconductor manufacturing and attract strategic investments to Gujarat.
India’s MoRTH has proposed to extend the operational life of electric, hydrogen and CNG vehicles by five years by revisions to the Central Motor Vehicles Rules, 1989. The move might help save ownership costs, boost car residuals and encourage cleaner mobility.
The government has approved 31 projects for INR 7,877 crore under the fifth tranche of the Electronics Component Manufacturing Scheme (ECMS) supporting companies such as Kaynes Technology, Wipro, Motherson and Micromax. The projects are estimated to create manufacturing worth INR 82,243 crore.
The Maharashtra FDA has suspended Parle Agro's licence after expired Frooti, Appy and Apple Fizz worth almost INR 99,970 were found at its Chembur warehouse. The measure is part of a wider assault on food safety in restaurants, warehouses and quick-commerce platforms across the state.
Concerns over fresh food safety have been raised after a rat was allegedly discovered inside an ice cream freezer at a Blinkit store in Thane, prompting calls for regulatory action. The incident follows inspections by the Maharashtra FDA that had identified hygienic issues at many Qcomm stores.
FSSAI said six food enterprises corrected false statements, trademarks and product labels after regulatory notices. Livyor Ventures eliminated the "vegan & healthy" term from its roasted edamame beans, and other companies changed trademarks and more.
India has told public and private refineries to boost output of LPG as problems related to the Strait of Hormuz issue, thru which over 90% of the country's LPG imports pass, have hit supplies. Domestic refiners have already increased output from 36,000 tonnes a day to 54,000 tonnes a day.
MakeMyTrip has worked with the Ministry of Tourism to promote guided tours across India delivering about 350 experiences in more than 60 locations. The trips, which will feature local guides and experts, will be available for booking on MakeMyTrip from Independence Day.
Zee Entertainment Enterprises has won interim relief from SAT to go ahead with its proposed fundraise of INR 3,143 crore, even as it faces a prohibition on market access from SEBI. The remission is subject to Zee depositing the entire penalty assessed by SEBI within a week.
The Supreme Court has questioned the Center and FSSAI on their reluctance on front-of-pack warning labels on goods high on sugar, salt and saturated fat. A bench said that public health, particularly children’s health, had to take precedence above industry concerns.
The Center has asked Uber, Rapido and other ride-hailing platforms to eliminate the advance tipping choices and said tips should be voluntary and only after a journey. The Road Transport Ministry said pre-ride tip prompts may breach consumer protection standards and aggregator policies.
President Donald Trump has been sued over Truth Social’s controversial Truth API service, which gives paying customers early access to posts that could move markets. The Intercept and the Freedom of the Press Foundation filed the complaint in federal court in Manhattan.
SEBI has issued a show cause notice to Paytm CEO Vijay Shekhar Sharma and CFO Madhur Deora on the timing of the company’s disclosure in 2023 on reducing small personal loans in the wake of RBI’s consumer lending curbs. Executives have 14 days to respond.
Maharashtra FDA suspends licences of four Domino’s Pizza locations, three in Mumbai, for food safety, hygiene issues The affected places are Vile Parle West, Borivali West, R-City Mall Ghatkopar and Malkapur in Karad district.
Ola Electric has bagged a two-year extension under the government’s Advanced Chemistry Cell (ACC) PLI scheme, unlocking up to ₹7,240 crore incentives thru 2031 for its 20 GWh battery cell allocation. The new timeframe provides for quarterly incentive payments as Ola scales up manufacturing capacity.
The Parliament has cleared the Taxation and Other Laws (Amendment) Bill, and Finance Minister Nirmala Sitharaman said the UPI transactions will continue to be free for consumers. The legislation does not levy any UPI transaction.
The Reserve Bank of India (RBI) has forbidden banks from remotely locking borrowers’ mobile phones, tablets or laptops to recover loans, except under certain device-financing arrangements. Restrictions must only take effect after 30 days of default and be phased in over 60 days under new standards.
The Lok Sabha has passed modifications to the Payment and Settlement Systems Act, 2007, allowing the government to let banks and payment service providers charge MDR on specified UPI transactions. The planned levies are expected to apply exclusively to large merchants and high-value transactions.
France will restrict unsolicited telemarketing calls from 11 August as part of a major consumer protection measure backed by President Emmanuel Macron’s government. The new law forces corporations to get customers’ agreement before making marketing calls or face fines of up to €375,000.
The Central Consumer Protection Authority (CCPA) has penalised nine digital platforms including Zepto, IndiGo, Physics Wallah, BookMyShow, FirstCry etc. for utilising deceptive ‘dark patterns’. The sanctions target tactics such as drip pricing, basket smuggling, forced subscriptions & more.
Dabur India has been asked by the Food Safety and Standards Authority of India (FSSAI) to stop marketing food goods with false ‘100 per cent’ claims such honey, ghee, apple cider vinegar, coconut water and edible oils.
The Centre is working on important reforms that might allow charging of Merchant Discount Rate (MDR) on large UPI transactions, but maintain UPI free for consumers. The reforms also seek to prolong tax incentives to foreign companies supplying machinery to contract manufacturers till 2041.
FSSAI has suspended the sale of some spirits brands of Diageo (United Spirits) and Inbrew Beverages after it was found that they were using artificial or nature-identical flavourings in whiskies and rums. Such activities may mislead customers and contravene labelling requirements, the agency warned.
The Union Cabinet has given its approval to the National Offshore Exploration Scheme, ‘Samudra Manthan’, at an estimated cost of INR 84,084 crore to enhance India’s energy security and increase domestic oil and gas output by FY2030-31.
IRDAI has brought about far reaching reforms to modernise India’s insurance business, enhance security of policyholders and accelerate insurance penetration under the Sabka Bima Sabki Raksha Act, 2025. The improvements include liberalised investment norms, enhanced governance and more.
NPCI has asked UPI apps and partner banks to hide cellphone numbers and other personal details to strengthen user privacy starting September 4. The action is in line with the Digital Personal Data Protection Act and strives to minimise risks of privacy and identity theft.
The Delhi High Court has ordered the winding up of Paytm Payments Bank in proceedings started by the RBI, marking the final stage of its liquidation following extended regulatory action. The court has designated former SBI executive Girikumar M Nair as the official liquidator.
The Indian government has authorised RBI’s plan to begin field trials of one billion polymer INR 10 and INR 20 banknotes, which will lead to their regular issue if the trials are successful. Polymer notes are projected to be more durable and resistant to weather.
The FSSAI does not recognise the phrase ‘energy drink’ as a permitted category. India has ordered Pepsi, Red Bull, Monster, Reliance and Hell Energy to remove the term ‘energy drink’ from product labels within 90 days.
The new CBDT standards under the Income Tax Act have boosted crypto tax compliance in India, moving the country closer to the OECD’s Crypto-Asset Reporting Framework (CARF). The laws do not introduce new taxes, but rather increase tax reporting obligations.
A CAG audit has detected a loss of INR 12.86 crore to West Bengal Industrial Development Corporation (WBIDC) on account of allotment of land to Flipkart’s logistics subsidiary, Instakart Services, at Haringhata Industrial Park. Audit discovered that WBIDC miscalculated land price.
Smaller UPI apps have approached the National Payments Corporation of India (NPCI) to reconsider its planned UPI Meta architecture, cautioning that it could lead to increased dominance of PhonePe and Google Pay and stifle competition.
The Indian government has reduced FDI regulations to allow inventory based e-commerce for exports, enabling foreign backed enterprises to sell Indian created products directly in global marketplaces. The policy intends to enhance exports, provide more chances for the manufacturers in India.
The Government of India is in the process of formulating a strategy for introduction of ethanol based cooking fuel as a cleaner alternative for households, restaurants and commercial kitchens. The drive, led by the Ministry, intends to extend ethanol use beyond E20 petrol
India’s Unified Payments Interface (UPI) is in talks with Spain’s Bizum digital payments platform to allow Indian tourists to make UPI payments in Spain, bringing the country a step closer to enabling such transactions.
The Central Consumer Protection Authority (CCPA) has taken action against 41 eateries, including Chaayos and Barbeque Nation, for allegedly charging service costs without the approval of customers. The CCPA said required service charges are against the Consumer Protection Act, 2019.
The Government of India has proposed tighter CAFE-III fuel economy rules for passenger vehicles, effective April 1, 2027, to reduce fuel consumption and carbon emissions. The draft regulations include tougher fleet-average CO2 limits, compliance credits etc.
The Union Cabinet has granted INR 1.27 lakh crore for India Semiconductor Mission (Semicon) 2.0 for bolstering the country’s semiconductor design and production ecosystem. Announced by IT Minister Ashwini Vaishnaw, the initiative intends to attract INR 4 lakh crore investments.
The Competition Commission of India (CCI) has fined HP India INR 138.85 crore and 21 resellers INR 3.52 crore for allegedly colluding to rig bids and forming a cartel in Government e-Marketplace (GeM) tenders.
ONGC has sanctioned a project to enhance India’s strategic crude oil storage capacity by 1.75 mn tonnes at Mangaluru in Karnataka, boosting the nation’s energy security in the face of global supply uncertainty. The project will help India’s expanding energy needs and strategic petroleum reserves.
Indian government has cleared the joint venture between Dixon Technologies and Vivo Mobile India under Press Note 3 which will lead to more smartphone manufacture in India. The joint venture will manufacture Vivo branded smart phones and products for other companies.
The Centre has extended customs tax exemptions on critical electronics components and lithium-ion battery manufacturing equipment till March 31, 2029, to boost India’s manufacturing ecosystem. This will lower the input prices for display modules, wireless charging systems etc.
BSNL launches satellite phone in India at INR 1.34 lakh, promises dependable communication in rural, network-less locations using satellite connectivity. The device, built with worldwide satellite providers, provides SOS emergency support, a long battery life etc.
Truecaller has expressed concerns about the impact of TRAI’s current restrictions that bar the app from displaying spam notifications for calls coming from the 140 and 160 number series used by banks and telemarketers.
FSSAI has issued notices to Lotte India, Kubera Foods and FNP for allegedly making deceptive product claims and violating labelling norms. The companies have been given seven days to reply or risk prosecution under the Food Safety and Standards Act, 2006.
China is said to be mulling limits on outside access to its most powerful AI models, a move that might harm developers and companies in India, the US and beyond. Officials are thought to be mulling tougher controls on frontier AI technologies, foreign investment etc.
Apple has started accepting card payments for App Store & iCloud in India after a gap of 5 years, by upgrading its payment system to conform with the RBI guidelines on card tokenisation and recurring payments.
The Centre is planning a phased introduction of E21 fuel by 2027 and E25 by 2029, limiting ethanol content to 25%, as per India’s ethanol-blending roadmap. The phased roll-out is intended to ease worries about vehicle compatibility, fuel economy and infrastructural readiness.
The Government of India has announced an Offer for Sale (OFS) to disinvest up to 5.04 per cent ownership in Cochin Shipyard at a floor price of Rs 1,400 per share. Non-retail investors can place bids from July 7 while retail bidding will be held on July 8.
Meta has until July 9 to reply to concerns raised by the Ministry of Electronics and Information Technology regarding WhatsApp’s proposed username feature. The functionality could increase risks of impersonation, phishing, fraud and identity spoofing.
Toyota Kirloskar Motor has explained that the issue displayed in the viral video involving an Innova Hycross was due to the petrol being polluted and not because of E20 fuel. The business said the Hycross is completely developed and certified for E20 petrol.
Centre to call Meta amid accusations Instagram used advertising promoting child sexual abuse material (CSAM) Minister for IT, Ashwini Vaishnaw, has asked MeitY officials to seek an explanation from the firm on the presence of such content on its platform.
India has given a two-year exemption to four Chinese-linked power equipment manufacturers – TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (India) – to bid for major government power transmission projects.
Reports of misuse of Chinese applications BAT BMS and Epoch Li-ion to remotely disable e-rickshaws in Delhi led the Centre to direct their removal from Google Play and Apple’s App Store. Bluetooth-enabled battery management apps can shut down lithium-ion batteries.
The Ministry of Labour and Employment has notified the Employees’ Provident Fund (EPF) Scheme, 2026, replacing the EPF Scheme, 1952, which is six decades old, under the Code on Social Security, 2020.
WhatsApp has said that its new username feature that will allow users to talk without providing phone numbers isn’t operational yet, and will be rolled out gradually later this year with various safety safeguards. This explanation comes after a government notice to Meta.
The Expenditure Finance Committee of the Finance Ministry has granted INR 1.25 lakh crore for India Semiconductor Mission 2.0, subject to final approval of the Cabinet. The extended initiative is aimed at boosting the semiconductor ecosystem in India.
Delhi Cabinet has adopted a new Electric Vehicle (EV) Policy with an outlay of INR 15,000 crore to promote sustainable transportation and reduce pollution. The program provides incentives for purchase and scrapping of electric two-wheelers, three-wheelers and commercial vehicles.
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Shares of One 97 Communications fell sharply after the Reserve Bank of India (RBI) cancelled the licence of Paytm Payments Bank (PPBL), intensifying regulatory pressure on the fintech major. The move has raised major concerns around Paytm’s operations, user services, and future growth outlook. RBI Cancels Paytm Payments Bank
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The Telangana government has announced a Dearness Allowance (DA) hike for employees of the Telangana State Road Transport Corporation (TGSRTC), offering some relief amid long-standing demands over pay and benefits. The move comes as part of a broader effort to address employee concerns and clear pending dues within the state-run
Reliance Jio has been ordered by the country's telecom regulator to end some rate practices that it deemed "discriminatory" and in breach of transparency standards. The corporation has until April 14 to meet two important deadlines set by the Telecom Regulatory Authority of India (Trai). First,
The industry has pushed back against the deadline for compliance with SIM-binding rules, but the Centre has apparently extended it to December 31. In response to industry representatives' requests, the government has postponed the implementation deadline of the SIM-binding rule until December 31. By December 2025, the regulations put
Starlink, which is run by Elon Musk, and the government of Meghalaya have both signed a memorandum of understanding (MoU). Under the terms of the deal, Starlink will be able to test out satcom services in outlying parts of the state. In order to roll out the satellite broadband service
A new set of regulations to improve and simplify the country's online commerce exports has been operationalised by the Central Board of Indirect Taxes and Customs (CBIC). The government has lifted the limit of INR 10 lakh per shipment on courier exports under the new regulations. It has
The Electronics Component Manufacturing Scheme (ECMS) has seen 29 more proposals approved by the Ministry of Information Technology (MeitY). Investments of INR 7,104 Cr, 14,246 direct jobs, and an anticipated production pipeline worth INR 84,515 Cr are all part of the revised proposals. With this, MeitY has
Pine Labs, a prominent fintech company, was fined INR 3.1 lakh by the Reserve Bank of India (RBI) for noncompliance with regulations pertaining to PPIs. Officials from the central bank issued a statement saying they discovered Pine Labs broke PPI rules by giving out full-KYC PPIs without doing the
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India’s casino and gaming company, Delta Corp, has come under regulatory pressure after receiving a massive tax demand notice of ₹1,752 crore from the government. The development has triggered concerns among investors and led to a sharp reaction in the company’s stock price. Government Issues ₹1,752
A unit of the Income Tax (IT) Department has sent a tax demand notice to PhysicsWallah (PW) for a sum of INR 263.3 crore. The business announced the ruling in a filing with the stock market, citing Section 143(3) of the Income Tax Act as the basis for
By 2029, Karnataka intends to have established 500 new global capability centres (GCCs), which will help to speed up the development of jobs and solidify its status as a hub for global technology. Approximately 3.5 lakh jobs and approximately $50 billion in economic production are anticipated to be generated
Air India has begun corrective actions, including the imposition of sanctions on the accountable workers. The step is taken after discovering widespread irregularities in the implementation of its staff vacation travel programme, which affected more than four thousand personnel. In January 2022, the Tata Group bought the financially troubled Air
IDBI Bank shares plunged over 13% to around ₹79 after reports said the Indian government may scrap the proposed majority stake sale due to lower-than-expected bids. The development has raised uncertainty around the bank’s long-planned privatisation process.
Visakhapatnam will be home to a new information technology development centre and a Global Capability Centre (GCC) thanks to an invitation from the government of Andhra Pradesh to the international consultancy firm Capgemini. Government officials have estimated that this action might create 20,000 new jobs in the area. Andhra
India has eased FDI rules for Chinese and neighbouring-country investors, allowing minority, non-controlling stakes via the automatic route. The move aims to revive stalled startup funding, boost manufacturing, and attract global capital while keeping strategic control with Indian entities.
On March 10, Minister of State (MoS) for Commerce Jitin Prasada informed Parliament that as of January 2026, over 6,700 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) had closed their doors. Prasad stated in a written response presented to the Lok Sabha that
On 10 March, IDFC First Bank said that it had paid the Haryana government INR 645 crore in response to a fraud investigation at one of its Chandigarh branches. This amount was 55 crore more than the bank had originally estimated. At first, the bank thought the incident's
According to a recent filing by the company, e-commerce startup Meesho intends to challenge an income tax demand notice totalling around INR 1,500 crore, including interest. On March 6, Meesho was notified for the evaluation year 2023-24. According to the document, a tax demand totalling INR 1,500 crore,
The Karnataka government has suggested a ban on social media use for minors under the age of sixteen in an effort to address the rising worries about children's digital addiction and excessive screen time. The chief minister of the state, Siddaramaiah, made the announcement when presenting the budget.
India’s most anticipated stock market debut, the initial public offering (IPO) of Reliance Jio, may be delayed as the Indian government has yet to notify revised listing rules meant for very large companies. The public issue, backed by billionaire industrialist Mukesh Ambani, was widely expected to launch in the