special purpose entities

A new Rs 1 lakh crore Urban Challenge Fund will support 60 types of city projects. This includes infrastructure, old city revitalization, and waste recycling. The Centre will release funds within six months. A Rs 5,000 crore Credit Repayment Guarantee Sub-Scheme is also launched.

As Mamata Banerjee seeks a fourth straight term, SIR — which has deleted or put under adjudication one in 10 of the state’s voters — has eclipsed incumbency, recasting Bengal’s election as a struggle over identity and exclusion

As Mamata Banerjee seeks a fourth straight term, SIR — which has deleted or put under adjudication one in 10 of the state’s voters — has eclipsed incumbency, recasting Bengal’s election as a struggle over identity and exclusion

A special court in Lucknow declared businessman Mohd. Iqbal a Fugitive Economic Offender, ordering the confiscation of assets worth Rs 995.75 crore. The ruling stems from a money laundering case involving alleged irregularities in the sale of Uttar Pradesh sugar mills. Iqbal, who is residing in Dubai, failed to join the investigation despite multiple summons.

Nashik police arrested self-proclaimed godman Ashok Kharat in March 2026 on charges of repeated sexual assault, exploitation, and financial wrongdoing. A cascade of FIRs followed, with over 100 calls reporting various offenses, revealing a widespread alleged exploitation racket. The investigation expanded to include financial crimes and a political storm erupted, leading to resignations and calls for accountability.

Vedanta's Review Plea On AEL's Plan Dismissed

Chhattisgarh has enacted a stringent anti-conversion bill, mandating public disclosure and official verification of proposed religious changes. The legislation imposes severe penalties, including life imprisonment for illegal mass conversions and a minimum 10-year jail term for converting vulnerable groups. This new law replaces the 1968 Act, aiming to curb conversions through force, coercion, or allurements.

Trump Media & Technology Group plans to spin off its Truth Social platform into a separate publicly traded company. This move would separate its social media business from its fusion energy venture, which is merging with TAE Technologies. The company reported a widened net loss in 2025, despite increased financial assets.

To deepen the securitisation market, Sebi has made it easier for banks and public financial institutions to act as trustees, while a new code of conduct has been put in place to safeguard investors' interest.

MUMBAI: Birla AT&T Tata, the proposed merged cellular entity of the Birlas, the Tatas and AT&T, has acquired 100 per cent stake in RPG Cellular -- the cellular service provider in Madhya Pradesh -- for a consideration of around Rs 400 crore.

After unveiling the Rs 6-lakh-crore asset monetisation programme, the government has accelerated efforts to hive off surplus land and will soon seek Cabinet approval for setting up a specialised entity (special purpose vehicle, or SPV) to undertake such transactions for state-run companies, ministries and departments.

With the diamantaires in Surat facing acute shortage of rough diamonds due to restriction on international travel, the industry leaders have demanded that the government allow direct selling of rough diamonds at the Special Notified Zones (SNZs) at Surat and Mumbai.

State-run oil companies will join hands with Solar Energy Corporation of India and Indian Renewable Energy Development Agency under the ministry of new and renewable energy for two special purpose vehicles to set up large-scale solar and wind power projects in India and abroad.

The Delhi Development Authority (DDA) has expressed its inability before the National Green Tribunal to constitute a special purpose vehicle (SPV) for rejuvenation of the Yamuna river.