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    Rupee falls 30 paise to close at 95.68 against US dollar
    'Coal scam': Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra, others
    Court rejects bail plea of Jammu-based editor accused of impersonating PMO officer, cheating people
    TMC's Mamata Banerjee faction moves HC seeking permission to operate bank accounts frozen by ED
    ED conducts raids in 'work-from-home scam' case
    21 pc YoY rise in engineering exports in June shows sector''s resilience amid global challenges: EEPC
    NABARD key partner in rural infra development: Rajasthan chief secretary
    Retail inflation rises to 4.38 pc in Jun, surpasses RBI's median target level
    Coal scam: Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra Darda, others
    India's exports rise 15.5 pc in Jun, trade deficit widens to five-month high
    FM calls for enhanced NRI outreach to sustain foreign currency mobilisation momentum
    Framework deal is ready, to be signed at right time: Official on India-US trade pact
    The cumulative exports (merchandise & services) during April-June 2026-27 is estimated at US$ 232.73 Billion, as compared to US$ 208.98 Billion in Apr...
    CIC directs petroleum ministry arm to share historical petrol, ethanol, profit data
    Soybean meal exports fall 69 pc to 30k tonnes in June; SOPA cites high prices, weak demand
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman interacts with Bank MDs and CEOs on FCNR(B), ECB and OFCB swap initiatives in N...
    GTA 6 release date, price, and pre-orders in India in 2026: Five things every gamer needs to know
    Rupee falls 27 paise to close at 95.65 against US dollar
    Al Falah university chairman Jawad Siddiqui urges HC to grant interim bail in ED cases
    SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay
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    July 13, 2026
    Show AI Summary
    Rupee weakness reflects geopolitical risk, crude prices, capital outflows, rising inflation, and widening trade pressures on India
    The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports.
    July 13, 2026
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    Predicate-offence acquittal removes the foundation for money-laundering proceedings arising from alleged coal-block allocation irregularities
    Money-laundering proceedings under the Prevention of Money Laundering Act depend on the existence of a scheduled offence and identifiable proceeds of crime. Although money laundering is an independent offence, its prosecution cannot survive when the predicate offence forming its foundation has ended in acquittal. The basis for treating property or transactions as proceeds of crime is then removed, making continuation of proceedings for money laundering and company-related liability under the PMLA legally unsustainable. Proceedings may be reopened if the acquittal is later set aside or materially varied.
    July 13, 2026
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    PMLA bail requires satisfaction of twin statutory conditions amid allegations of impersonation, cheating, and suspected money laundering
    The reported bail proceedings concerned the twin conditions under Section 45 of the Prevention of Money Laundering Act: reasonable grounds to believe that the accused was not guilty and assurance that he would not commit an offence while on bail. The prosecution also raised concerns regarding possible evidence tampering, witness intimidation, and repetition of similar conduct. The accused relied on a serious heart ailment and constitutional protection against punitive pre-trial detention, while the reported order noted his medical stability in custody and that the investigation complaint had not yet been filed.
    July 13, 2026
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    Frozen political party accounts raise questions on representative authority, Election Commission recognition, and preventing money laundering during investigation
    Permission to operate three Trinamool Congress bank accounts frozen by the Enforcement Directorate was sought before the Calcutta High Court in connection with a probe into alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through specified accounts. The Enforcement Directorate challenged the petition's maintainability, asserting that the filers lacked authority and had not disclosed an ex parte civil court order. The petitioners relied on the party constitution and the Election Commission's jurisdiction over recognition of political parties, while the Enforcement Directorate maintained that releasing the funds would undermine the prevention of money laundering.
    July 13, 2026
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    Fake investment and work-from-home scams: laundering through mule accounts, shell entities and crypto wallets prompts asset seizures
    Money laundering investigations under the Prevention of Money Laundering Act concern alleged fake online investment and work-from-home scams involving promises of lucrative returns and commissions. Funds transferred by victims were allegedly layered through mule bank accounts and shell entities, converted into cryptocurrency, and moved through multiple crypto wallets to conceal their origin and ownership. Searches were conducted at multiple locations, with cryptocurrency and cash seized and multiple bank accounts frozen under the PMLA.
    July 13, 2026
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    Engineering export growth reflects market diversification, trade agreements, and rising global competitiveness despite persistent international uncertainty
    India's engineering goods exports increased by nearly 21 per cent year-on-year in June, rising to USD 11.48 billion. Cumulative exports during April-June of the 2026-27 fiscal reached an estimated USD 34.14 billion, reflecting 18 per cent growth over the corresponding period of the previous year. The reported export performance was attributed to free trade agreements with key partner countries, diversification of products and markets, and the increasing global competitiveness of Indian engineering products despite continuing global uncertainty.
    July 13, 2026
    Show AI Summary
    Rural infrastructure development through NABARD strengthens farmer support, women's financial inclusion, and climate-resilient agriculture in Rajasthan
    NABARD is presented as a key partner in Rajasthan's rural infrastructure and agricultural development. Its initiatives support small and marginal farmers through Kisan Credit Cards, farmers' clubs and Farmer Producer Organisations, while the Self-Help Group-Bank Linkage Programme promotes financial inclusion among rural women. NABARD also supports climate-change resilience, honours rural development institutions and artisans, and provides grants for projects promoting climate-resilient agriculture.
    July 13, 2026
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    Retail inflation rises above target as food and fuel pressures challenge monetary policy outlook ahead of August review
    Retail inflation based on the Consumer Price Index increased to 4.38 per cent in June from 3.93 per cent in May, exceeding the Reserve Bank's median target of 4 per cent. Food inflation rose to 5.32 per cent. The Reserve Bank's framework seeks to maintain CPI inflation at 4 per cent within a tolerance band of 2 per cent on either side. The Reserve Bank retained the benchmark policy rate at its June meeting but raised its inflation forecast for 2026-27, citing higher input costs and global energy price transmission to domestic fuel prices. Economic assessments anticipated further inflationary pressure while generally expecting the policy rate to remain unchanged at the forthcoming review.
    July 13, 2026
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    Money laundering proceedings fail when acquittal in the scheduled offence removes the basis for alleging proceeds of crime.
    Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed.
    July 13, 2026
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    Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
    June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.
    July 13, 2026
    Show AI Summary
    Foreign currency mobilisation gains momentum through FCNR(B) deposits, ECBs and OFCBs, backed by NRI outreach and swap facilities.
    Foreign currency mobilisation under the FEMA / RBI framework is being driven through FCNR(B) deposits, ECBs and OFCBs, with banks directed to strengthen NRI outreach, offer innovative deposit products and sustain mobilisation during the scheme period. Attractive returns on fresh FCNR(B) deposits, supported by suspension of the interest rate ceiling, customised digital outreach, use of International Banking Units at GIFT City, central bank support, and real-time reporting are presented as key implementation mechanisms. The scheme combines a US dollar-rupee swap facility for fresh FCNR(B) deposits with a concessional swap facility for eligible ECBs and OFCBs to support capital inflows and the balance of payments.
    July 13, 2026
    Show AI Summary
    Trade pact negotiations advance as India and the US align a framework deal with wider tariff and market access discussions.
    India-US trade negotiations are advancing through a framework deal and a bilateral trade agreement, with discussions focused on preferential market access and India's effort to obtain comparative tariff advantage over competitor nations. The framework arrangement is stated to be ready for signature at the appropriate stage, while the broader agreement remains under negotiation. India is also engaging with Section 301 investigations on forced labour and excess industrial capacity; proposed additional tariffs affecting multiple economies, including India, have not yet been finalised.
    July 13, 2026
    Show AI Summary
    Foreign trade growth data shows rising exports, higher imports, and a wider trade deficit across merchandise and services segments.
    Combined merchandise and services trade data for June 2026 and April-June 2026-27 records export growth together with stronger import growth and a wider trade deficit. Merchandise exports, non-petroleum exports, and trade excluding petroleum and gems and jewellery all show increases, while services exports and imports are also estimated to have risen. Major merchandise export growth drivers identified for June 2026 include gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice. The services figures for June 2026 are expressly stated to be estimates based on the latest available central bank data.
    July 13, 2026
    Show AI Summary
    RTI disclosure duties require clear access, proper transfer, and reasoned confidentiality claims for petroleum and ethanol data requests.
    The article addresses RTI access to historical petrol and ethanol data held or referenced by the Petroleum Planning and Analysis Cell. It identifies key issues relating to disclosure of public-domain records, provision of specific website links, transfer of queries to the authority that actually holds supplier information, and the need to expressly invoke appropriate RTI exemptions when withholding company-wise petrol supplier details. The central legal themes are partial disclosure, commercial confidentiality, custodianship of records, and procedural adequacy in responding to requests for petroleum-sector production, blending, supplier, and profit-related information.
    July 13, 2026
    Show AI Summary
    Soybean meal export decline reflects weak international demand, higher domestic pricing, and reduced trade performance during the current oil marketing year.
    Soybean meal exports in June 2026 fell sharply to 30,000 tonnes from 97,000 tonnes a year earlier, driven by higher Indian prices than competing countries, weak demand in major importing markets, and geopolitical tensions in West Asia. June production was reported at 5.52 lakh tonnes, with utilisation split between human consumption and animal, poultry, and fish feed. Month-end stock, including old stock, stood at 1.27 lakh tonnes, while cumulative exports in the first nine months of the current oil marketing year remained below the corresponding period of the previous year.
    July 13, 2026
    Show AI Summary
    Foreign currency mobilisation under RBI swap initiatives gains momentum through NRI outreach, FCNR(B) deposits, and eligible external borrowing support.
    Foreign currency mobilisation under the RBI's FCNR(B), ECB and OFCB swap initiatives was reviewed with emphasis on sustaining inflows through enhanced outreach to the non-resident Indian diaspora. Banks reported encouraging uptake, supported by attractive returns on FCNR(B) deposits and the suspension of the interest rate ceiling on fresh deposits under the scheme. Institutions also described digital outreach, use of International Banking Units at GIFT City, and expectations of stronger ECB mobilisation. The RBI was noted as supporting eligible mobilisation and borrowings through a transparent daily reporting framework.
    July 13, 2026
    Show AI Summary
    Consumer financing for gaming hardware accompanies GTA 6 India launch details, including platform access, pre-orders, and EMI-based purchase options.
    The article combines GTA 6 launch information in India with a consumer financing framework for gaming hardware purchases. It states the release date, supported platforms, pre-order availability, editions, and major gameplay features, and notes that current-generation console access is required while PC requirements remain unconfirmed. It separately outlines an Easy EMI Loan for consoles, televisions, and accessories through partner stores, with financing up to Rs. 5 lakh, repayment tenures from 3 to 60 months, possible zero down payment on select products, and optional paperless EMI conversion through the Insta EMI Network Card.
    July 13, 2026
    Show AI Summary
    Rupee depreciation pressures deepen as crude oil prices, dollar strength, and geopolitical tensions weigh on foreign exchange market sentiment.
    Foreign exchange market pressure under the FEMA and RBI regulatory context is reflected in the rupee's depreciation against the US dollar, driven by higher crude oil prices, a stronger dollar, and risk aversion arising from escalating geopolitical tensions involving the US and Iran. Trading remained volatile, with the rupee recovering from lower levels as domestic markets improved and crude prices softened from intraday highs. The near-term outlook remained negative because of continuing global uncertainty, while diplomatic de-escalation and stronger domestic market conditions were identified as potential supporting factors.
    July 13, 2026
    Show AI Summary
    Interim bail in money laundering cases turns on medical hardship, custody safeguards, and prosecution objections over flight risk and tampering.
    Interim bail was sought under the Prevention of Money Laundering Act in two money laundering cases on medical hardship grounds arising from the accused's wife's cancer treatment. The request included willingness to accept restrictive conditions such as a GPS tracker. The Enforcement Directorate opposed release, citing risk of evidence tampering and absconding, and proposed custodial parole instead. The underlying prosecutions concern alleged diversion of student fee funds, misrepresentation of accreditation and regulatory recognition, and alleged fraudulent acquisition of land.
    July 13, 2026
    Show AI Summary
    Split verdict precedent status clarified as Supreme Court leaves SAT order unstayed while excluding its use in similar securities matters.
    Securities enforcement proceedings over intra-group flat sale transactions led the Supreme Court to refuse a stay of the SAT order that had set aside SEBI's earlier directions against Bombay Dyeing and certain promoter-group individuals. The Court nevertheless stated that the SAT's 2:1 split verdict will not operate as a precedent in similar matters. The dispute centres on 11 memoranda of understanding between group companies, with SEBI raising issues of associate company status, lifting the corporate veil, the single economic entity principle, and alleged accounting mismatch concerning sale proceeds and agency commission.

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      Olympian Ravi Kumar Dahiya praised the Richmondd Global School Students at Annual Sports Day Celebrations “ENERGIA-2025” in Thyagraj Stadium

      November 24, 2025

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      New Delhi [India], November 22: Richmondd Global School illuminated the iconic Thyagaraj Stadium with vibrancy, spirit and youthful vigour as it hosted its grand Annual Sports Day “ENERGIA-2025” on 9th November, 2025—a dynamic showcase celebrating talent, excellence and all-round development. The event powerfully echoed the school’s dedication to shaping confident, disciplined and forward-looking learners through authentic experiential opportunities. The occasion ascended to remarkable prestige with the presence of Padma Shree Awardee, Olympic Medalist and World Wrestling Champion Shri Ravi Kumar Dahiya as the Chief Guest, whose inspiring words encouraged students to embrace courage, perseverance and self-belief, leaving an enduring impression on the audience. Appreciating the event, Shri Ravi Kumar Dahiya shared, “I am absolutely spellbound. I have never witnessed such extraordinary perfection and breathtaking talent—from the youngest students to the seniors. Every act felt larger-than-life. The dedication, discipline and hard work of the teachers were visible at every moment on the field. The school’s effort in curating such a grand, flawless and meticulously coordinated event is truly commendable.” Chairperson Mrs. Nidhi Gupta, along with Principal Dr. Moupali Mittra, warmly welcomed and jointly felicitated the Chief Guest. CEO Mr. Rishabh Guptaa extended a warm welcome to the Parents and the School Community, emphasising meaningful learning and holistic development. He also presented a Memento to the Chief Guest. Administrator Mrs. Neha Gupta felicitated the Guest of Honour Shri Harvansh Chawla (Chairman, BRICS Chamber of Commerce and Industry). Managing Committee Member Mrs. Roopma Gupta welcomed the Special Guest of Honour Shri Shivam Chhabra (Advisor to Chief Minister, Delhi), while Managing Committee Member Mr. Nishant Gupta felicitated the Guest of Honour Shri Saurabh Gupta (Head – India Visa Services and Special Projects, VFS Global, Delhi).

      The ceremony began with the Lighting of the Lamp, symbolising purity and auspicious beginnings. This was followed by a colourful March Past, where all students marched together in perfect synchronisation, demonstrating unity, discipline and pride. A visually striking moment followed as balloons carrying the school banner ascended skyward, while pigeons released by the dignitaries marked the official commencement of the programme, symbolising -Strength ,Spirit and Energy.

      A defining highlight was the Grand Torch Lighting Ceremony, where the Chief Guest Shri Ravi Kumar Dahiya lit the ceremonial torch and handed it to the Head Boy. His victorious lap around the track officially declared the Annual Sports Meet Open. This was followed by the Oath-Taking Ceremony, in which the Head Boy and Head Girl led participants in pledging integrity, fairness and unwavering sportsmanship.

      Principal Dr. Moupali Mittra presented the School Report, highlighting the Scholastic Achievement, Gem Of the Year,CBSE accomplishments, SGFI recognitions and distinguished co-curricular progress. Meritorious students were honoured on stage for their excellence and consistency.

      The programme continued with a series of impressive presentations by students, beginning with Divine Genesis, a beautifully coordinated Ganesh Vandana, followed by Mystic Synergy by students of nursery and Prep. The sequence advanced into Danza del Espíritu, presented by students of Class I – The Dance of the Spirit, where students presented a rhythmic Hula-Hoop performance, displaying agility, balance and coordination. This was followed by Sinfonía en Marcha – put up by students of Class II Symphony on the Move, a remarkable marching formation, and Mélodie des Parapluies, showcased by the students of Class III–IV – Melody of Umbrellas, in which colourful umbrella patterns swept gracefully across the arena.

      The athletic events then infused the stadium with excitement as students competed in the 100-metre dash, 400-metre race and Relay Race, demonstrating determination, competitive spirit and physical excellence. Winners were awarded with gold, silver and bronze medals by the honourable Cheif Guest .

      Further displays of student skill included Yong Saui Chum-Kumphu – done by the students of Class V – The Dance of the Warriors, featuring martial arts, tile-breaking and controlled fire stunts that showcased strength, precision and courage; Dynamic Dreams – rendered by the students of Class VI – With Faith in Motion, a gymnastics act of flips, pyramids and acrobatics reflecting balance and athletic excellence; Veeranjaneya Nritya – presented by the students of Class V and Class VI – The Dance of the Brave, portraying the heroic strength of Lord Hanuman; Pulse of Peace Yoga – put up by the students of Class VII, presenting remarkable balance, serenity and mindfulness; Spinergy – showcased by the students of Class III and Class IV, a graceful skating performance marked by smooth glides and coordinated patterns; and Kalaripayattu, The Dance of Power and Precision, honouring India’s ancient martial tradition with disciplined stances and fluid combat motions.

      After this magnificent performance, the next enthralling segment unfolded as “the RGS Rock Band” elevated the atmosphere, delivering a high-energy performance. Students played the guitar, drums and other instruments, accompanied by powerful vocals that filled the stadium with enthusiasm and youthful vibrancy, making the entire arena come alive, rocking to the power-packed music and electrifying energy.

      This seamlessly led into the Grand Finale – The Grand Crescendo, a mesmerising, eye-catching and captivating conclusion that brought everyone together. The stage transformed into a vibrant sea of colour and beauty as students from all classes came together on one platform, creating a spectacular visual harmony. It unfolded as a colourful, radiant display, leaving the audience inspired by the unity, joy and collective pride that defined the spirit of ENERGIA-2025.

      As ENERGIA-2025 moved toward its closing moments, the National Anthem united everyone in the stadium. It was a deeply goosebumps-inducing moment, with thousands of voices rising together in patriotic pride and emotional resonance.

      A heartfelt Vote of Thanks by the Headmistress acknowledged the Dignitaries, Staff, Teachers, Parents and Students for their immense contribution. ENERGIA-2025 concluded as a grand testament to Richmondd Global School’s vision—celebrating teamwork, discipline, creativity and the limitless potential of every learner.

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

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