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    Rupee rises 5 paise to 95.53 against US dollar in early trade
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May 29, 2026
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Rupee support from softer dollar and stable crude prices improves sentiment, while foreign investment outflows keep pressure on the currency.
Rupee strengthened in early interbank trade as easing US-Iran tensions reduced fears of oil supply disruption, while a softer dollar and stable crude prices supported the currency. Market participants said foreign investment outflows remained a key pressure point, even as debt flows stayed relatively stable. The RBI was using liquidity operations, forex management measures and steps to curb speculative positions to stabilise the rupee, with the upcoming policy meeting seen as significant for investor sentiment and exchange-rate stability.
May 29, 2026
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Comprehensive Economic Partnership Agreement advances as Canada and India deepen trade, investment, and business cooperation across key sectors.
Canada and India reaffirmed their commitment to strengthening bilateral trade and investment relations through deeper commercial cooperation, increased business engagement, and expanded opportunities in priority sectors. The statement also highlighted support for an ambitious Comprehensive Economic Partnership Agreement, with emphasis on market access, resilient supply chains, and two-way economic growth.
May 28, 2026
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Container transshipment growth accelerates as Vizhinjam Seaport scales up handling and expansion capacity.
Vizhinjam International Seaport in Kerala has crossed 2 million TEUs within 18 months of commencing operations, making it the fastest Indian port to reach both the 1 million TEU and 2 million TEU milestones. The port has handled over 950 vessels, including ultra-large container vessels, and its location and natural deep draft support transshipment activity. Phase II expansion is underway with major investment and is expected to enhance container handling capacity by 2028.
May 28, 2026
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International taxation outreach highlights transfer pricing, advance pricing agreements and safe harbour provisions under the new income tax framework.
Taxpayer outreach on the transition to the new Income-tax Act, 2025 focused on international taxation, transfer pricing and advance pricing agreements. The programme highlighted cross-border transfer pricing mechanisms, international cooperation, India's role in the global taxation ecosystem, and the relevance of advance pricing agreements and safe harbour provisions for certainty and ease of compliance. Departmental initiatives such as Kar Saathi were presented as part of stakeholder awareness and engagement.
May 28, 2026
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Long-term rail wheelset supply agreement expands India's export role in the global rail manufacturing chain.
Jupiter Tatravagonka Railwheel Factory Pvt Ltd has entered into a 10-year long-term supply agreement with European rail wagon manufacturer Tatravagonka a.s. for rail wheels, axles and wheelsets, with commercial supplies due to begin by the end of calendar year 2027. The company's Odisha greenfield facility is planned to produce 1 lakh wheelsets annually, with about 50,000 expected to be exported to Europe, and around 40-50 per cent of output expected to serve export markets over the long term.
May 28, 2026
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IBC moratorium and cheque bounce prosecutions raised for larger bench consideration on criminal and compensatory aspects.
The Supreme Court referred to a three-judge Bench the question whether the IBC moratorium applies to cheque bounce proceedings under Section 138 of the Negotiable Instruments Act during insolvency proceedings. The reference also concerns whether the moratorium stays the entire prosecution or only the compensatory aspect, and whether directors or other vicariously liable persons can claim the same protection in cases of personal insolvency. The article notes the competing views on the criminal character of cheque dishonour proceedings and the recovery-related effect of the compensatory component.
May 28, 2026
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Insolvency and bankruptcy reform strengthens creditor recovery, improves borrower discipline, and supports revival of distressed enterprises.
The Insolvency and Bankruptcy Code is presented as a creditor-driven, time-bound framework that consolidated a fragmented insolvency regime and strengthened recovery, corporate discipline, investor confidence, and economic efficiency. The article states that resolution activity has facilitated large-scale creditor realisation, including over Rs.4 lakh crore, while also producing significant case closures, withdrawals, settlements, and liquidations. It further notes improved recovery rates, shorter timelines, better borrower behaviour, and post-resolution revival of firms.
May 28, 2026
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Voter identity document allegations surface after cards were reportedly recovered from a party office and examined by police.
Allegations arose that a large number of voter identity documents, Aadhaar cards and ration cards were recovered from a local political party office in Kolkata's Tangra area. Police said nearly 300 documents were found in an almirah at the premises, while residents and political workers claimed the papers had been kept there to prevent people from exercising their franchise. Police said no formal complaint had yet been lodged, though the matter was under examination.
May 28, 2026
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Comprehensive economic partnership upgrade negotiations advance with focus on balanced trade, services, origin rules and digital cooperation.
India and the Republic of Korea held the 12th round of negotiations to upgrade the Comprehensive Economic Partnership Agreement, with both sides reviewing progress and reaffirming commitment to a modernised and balanced bilateral trade framework. The parties agreed to address the bilateral trade deficit within the CEPA framework and discussed trade in goods, trade in services, rules of origin and origin procedures, investment, and sanitary and phytosanitary standards. Sub-groups were also decided for digital trade, supply chain cooperation, and strategic industrial cooperation.
May 28, 2026
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India-Canada economic partnership deepens through expanded trade, investment and technology collaboration across emerging and strategic sectors.
India-Canada economic engagement was advanced through a high-level commerce and industry visit focused on strengthening bilateral trade, investment, technology collaboration and people-to-people ties. Discussions highlighted the role of the Indo-Canadian community, regional chambers, academia, business councils, institutional investors and innovation bodies, while underscoring the ongoing CEPA negotiations. Engagements also emphasized cooperation in artificial intelligence, quantum computing, cleantech, agritech, deep tech and other sectors including infrastructure, clean energy, critical minerals, logistics, healthcare, financial services and digital infrastructure.
May 28, 2026
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Transparent onion procurement and price protection sought for Maharashtra growers facing recurring losses and delayed relief.
Onion growers in Maharashtra have sought complete transparency in procurement operations, including disclosure of procurement quantities, farmer details and daily market-wise data, while questioning whether purchases are reaching all major producing districts. They also demanded compensation or subsidy support for farmers who sold below production cost, along with a permanent price protection mechanism and a dedicated Onion Corporation for systematic procurement, storage, processing and export.
May 28, 2026
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Homebuyers' fund diversion allegations prompt notices, ED status report, and broader scrutiny of stalled real estate projects.
Proceedings concerned a plea alleging siphoning and diversion of homebuyers' funds in real estate projects, with claims of non-construction use, transfers to related entities, and stalled or insolvent projects leaving buyers exposed to loss. The Court sought responses from multiple authorities and developers, and directed the ED to place a status report on the progress of its investigation, while submissions also urged expeditious investigation, provisional attachment of diverted assets, and RBI scrutiny of bank financing in stalled housing projects.
May 27, 2026
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Rupee exchange rate volatility reflects geopolitical tensions, strong dollar demand, weak equities and RBI policy watch.
The rupee closed marginally higher against the US dollar after trading in a narrow intraday range, with foreign exchange sentiment influenced by renewed geopolitical tensions, a strong dollar, weakness in domestic equity markets and foreign investor selling. Market participants also tracked the upcoming RBI Monetary Policy Committee meeting, while softer crude oil prices were seen as a supporting factor for the currency.
May 27, 2026
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Regulatory fairness in competition law requires legality, reasoned decision-making and equal treatment of foreign investors.
The Supreme Court set aside the penalty and suspension orders passed against Amazon concerning its investment arrangement with Future Coupons Pvt Ltd, and directed refund of any amount deposited or recovered. The Court held that regulatory authorities must act within statutory limits and with fairness, legality, reasoned decision-making, certainty and predictability, especially in economic regulation and cross-border investment matters. It also stated that fair treatment of foreign investors means equal treatment under the same law and procedural safeguards.
May 27, 2026
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Money laundering probe linked to ED raids, vehicle attack and arrests amid stand-off outside party office
Violent attack on vehicles carrying Enforcement Directorate officials led to arrests, with police identifying several persons as directly involved and maintaining a presence outside a CPI(M) office during a stand-off. The ED action formed part of a wider money laundering probe linked to financial dealings between a former Chief Minister's daughter's firm and a sand mining company, arising from questions over transactions between CMRL and a now-defunct firm under a Prevention of Money Laundering Act case.
May 27, 2026
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Money laundering probe over alleged illegal nightclub operations leads to fresh asset attachment and proceeds of crime claims.
Provisional attachment under the Prevention of Money Laundering Act was made in relation to the alleged illegal operation of a Goa nightclub, with fresh immovable assets attached and the cumulative attachment and freezing in the case stated to have increased. The ED alleged continued commercial activity without mandatory statutory clearances, use of forged documents to obtain licences, and treatment of the revenue generated as proceeds of crime under the anti-money laundering law.
May 27, 2026
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Election administration and commercial regulation dominate Supreme Court updates on voter rolls, GST, tribunal practice, and online gaming.
Election administration and electoral procedure featured prominently, with the Supreme Court upholding the Election Commission's power to conduct a Special Intensive Revision of voter rolls and leaving to the Commission a plea to modify VVPAT guidelines. The Court also said the ongoing trial in the 2023 Manipur ethnic violence should be expedited, and it addressed online hearings, language policy, transgender law challenges, retrospective GST on online gaming, tribunal practice restrictions, and the Amazon-Future Group dispute.
May 27, 2026
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Electoral roll verification framework upheld as Aadhaar remains only an identity document, not proof of citizenship.
The Supreme Court examined the Election Commission's documentation framework for the Special Intensive Revision of electoral rolls and its authority to classify documents by evidentiary value. It recognised electoral roll preparation as a constitutional function requiring verification of residence, identity and eligibility, and said the Commission may design reasonable procedures suited to the survey. Aadhaar is not proof of citizenship or domicile, though it may be used for limited identity verification, and ration cards may be excluded for evidentiary unreliability.
May 27, 2026
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Financial inclusion outreach boosts bank lending, CSR support, and service access through flagship schemes in Tripura.
Credit outreach programme in Agartala, Tripura, facilitated disbursement of loans through participating banks under Government of India flagship schemes, with financial support extended to beneficiaries and project-related sanctions handed over during the event. The programme also included CSR-linked assistance, including ambulances and medical equipment funding, along with the virtual inauguration of a bank branch, an ATM, and customer service points across Tripura. The Secretary, Department of Financial Services, highlighted the implementation of government flagship financial inclusion schemes in Tripura, including PM Jan Dhan Yojana, PM MUDRA Yojana, PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana, and Atal Pension Yojana.
May 27, 2026
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Money laundering probe under PMLA continued despite no formal FIR, as the High Court upheld ED's jurisdiction.
Enforcement Directorate action proceeded in relation to alleged financial irregularities linked to a company associated with a former chief minister's daughter, after earlier income tax searches and an SFIO investigation. The company sought to quash the ECIR, summons and related proceedings, arguing that no scheduled offence existed when the PMLA probe began and that the ED lacked jurisdiction before a formal FIR or final report. The Kerala High Court held that the ED was legally empowered to continue the money laundering investigation.

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May 25, 2026

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New Delhi, May 25 (PTI) Following are the top stories at 9.15 pm: NATION DEL88 JK-GONDOLA - 4TH LD TOURISTS (9.12 PM)

Over 300 tourists rescued in 7-hr operation after Gulmarg Gondola malfunctions amid heavy rain Srinagar: Over 300 tourists were left stranded mid-air for hours inside 65 cabins of the famous Gulmarg Gondola cable car after a major technical snag halted Asia's highest ropeway, causing panic among the holidayers before they were rescued.

DEL82 RUBIO-RACISM-LD-ROW (8.23 PM)

Rubio downplays anti-India rhetoric row, says Trump is a 'big fan' of Modi New Delhi: President Donald Trump is a big fan of India and Prime Minister Narendra Modi, US Secretary of State Marco Rubio said on Monday, seeking to dismiss allegations of rising anti-India rhetoric in the US.

DEL79 WASIA-IRAN-MISRI (8.13 PM)

Iran's deputy foreign minister dials Misri to discuss West Asia situation New Delhi: Iran's Deputy Foreign Minister Majid Takht Ravanchi dialled Foreign Secretary Vikram Misri on Monday and is believed to have apprised him of Tehran's negotiations with Washington to end the ongoing crisis in West Asia.

DEL74 LDALL-RUBIO ENGAGEMENTS (7.45 PM)

Rubio visits Taj Mahal, Amber Fort ahead of Quad meeting Agra/Jaipur/New Delhi: US Secretary of State Marco Rubio on Monday visited the Taj Mahal in Agra and the Amber Fort in Jaipur along with his wife Jeanette Rubio and US Ambassador to India Sergio Gor ahead of the crucial Quad foreign ministers' meeting on Tuesday.

DEL71 CBSE-PAPER-LD MISMATCH (7.25 PM)

Students raise fresh concerns over CBSE OSM system, claim answer sheet mismatch New Delhi: Amid growing complaints over glitches and discrepancies in the CBSE re-evaluation process, some Class 12 students have alleged that the scanned copies of their answer sheets uploaded by the board did not match their handwriting, raising concerns over possible answer-sheet mismatch in the On Screen Marking (OSM) system.

DEL83 MEA-JAISHANKAR-MOTEGI (8.39 PM)

EAM Jaishankar holds talks with Japanese counterpart Motegi New Delhi: External Affairs Minister S Jaishankar and his Japanese counterpart Motegi Toshimitsu on Monday held wide-ranging talks focusing on economic fallout of the West Asia crisis in view of disruptions in energy supply chains.

CAL52 AS-BHUTAN-LD PM (8.54 PM)

Bhutan PM discusses regional cooperation issues with Assam governor, CM Guwahati: Bhutan Prime Minister Dasho Tshering Tobgay met Assam governor and chief minister on Monday, and discussed with them ways to enhance cooperation with India's northeastern region.

DEL80 PADMA-LD AWARDS (8.13 PM)

President confers 66 Padma Awards; actor Dharmendra, violinist N Rajam honoured New Delhi: President Droupadi Murmu on Monday conferred the Padma Vibhushan on Bollywood actor Dharmendra posthumously and classical musician and violinist N Rajam at a Civil Investiture Ceremony at the Rashtrapati Bhavan here.

DEL87 AVI-DGCA-EBOLA ADVISORY (9.10 PM)

Ebola scare: DGCA asks airlines make in-flight announcements, take other measures New Delhi: In the wake of the Ebola outbreak in certain parts of Africa, aviation watchdog DGCA has asked airlines to implement various measures, including making in-flight announcements and mandatory filing of self-declaration forms from passengers originating or transiting through the affected countries.

DEL67 CONG-LD FUEL HIKE (6.57 PM)

'Mehangai manav' strikes again: Congress slams PM on fuel hike New Delhi: The Congress on Monday launched a scathing attack on Prime Minister Narendra Modi over the latest fuel hike, with Rahul Gandhi alleging that the "mehangai manav" has struck again and he has just one job of making promises during elections and attacking people's pockets at other times.

DEL32 DL-KEJRIWAL-FUEL PRICE (3.07 PM)

Why PM Modi not buying cheap oil from Russia & Iran, asks Kejriwal New Delhi: After petrol and diesel prices were increased for the fourth time in less than two weeks on Monday, AAP national convenor Arvind Kejriwal questioned Prime Minister Narendra Modi over the Centre not buying fuel from Russia and Iran.

DEL18 CBI-TWISHA (12.08 pm)

CBI set to take over Twisha Sharma probe, team sent to Bhopal New Delhi: The CBI is set to take over the investigation into the death of Twisha Sharma, who was found hanging at her marital home in Bhopal's Katara Hills area on May 12, officials said on Monday.

LEGAL LGD30 SC-LD TWISHA SHARMA (12.36 PM)

Twisha Sharma death: 'Pained' by narrative that judiciary was shielding accused, says SC New Delhi: Observing that it was "pained" by the narrative that the judiciary was shielding the accused, the Supreme Court on Monday said it would ensure a fair, independent, and impartial CBI probe into the death of former model-turned-actor Twisha Sharma.

LGD47 SC-LD NEET (5.31 PM)

NEET paper leak: NTA has not learnt lessons, says SC; issues notices on pleas New Delhi: It's sad that the NTA has not learnt lessons from the earlier NEET paper leak, the Supreme Court said on Monday as it sought the response of the Centre, NTA and CBI on pleas for the replacement of the testing agency with a robust and autonomous body to conduct the medical entrance exam.

BUSINESS DEL76 BIZ-LDALL PETROL-PRICE-HIKE (7.59 PM)

Petrol, diesel prices hiked for 4th time in 11 days; petrol tops Rs 100 across most cities New Delhi: Petrol prices were raised by Rs 2.61 a litre and diesel by Rs 2.71 on Monday, the fourth increase in less than two weeks that extended a delayed pass-through of soaring global crude oil costs triggered by the Iran conflict.

DEL75 BIZ-SITHARAMAN-CRUDE PRICES (7.48 PM)

Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM Mumbai: Finance Minister Nirmala Sitharaman on Monday said the government had foregone more than Rs 1 lakh crore annually in tax revenues through excise duty cuts on petrol and diesel to shield consumers from fuel inflation triggered by the West Asia conflict, while defending the latest retail fuel price hikes as market-driven revisions by oil marketing companies responding to soaring global crude oil prices.

FOREIGN FGN27 US-TRUMP-IRAN (8.13 PM)

Trump says Iran talks progressing 'nicely', asks mediators to join Abraham Accords Washington: US President Donald Trump on Monday said negotiations with Iran to end the war were progressing "nicely", but officials pointed out that a final decision may take some time due to the complex communication networks Tehran deploys to consult with its supreme leader. By Sagar Kulkarni

FGN6 AUS-IND-WONG (9.29 AM)

Australia’s Foreign Minister Penny Wong to visit India to attend Quad meet Canberra: Australia's Minister for Foreign Affairs Penny Wong is set to travel to India on Monday to attend the Quad Foreign Ministers’ Meeting and deliberate on "shared interests", including maritime security and critical minerals.

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