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    May 26, 2026
    ED conducts raids in Tamil Nadu in drugs-linked money laundering case
    May 26, 2026
    Gold drops Rs 2,800 to Rs 1.62 lakh/10g amid uncertainties on West Asia peace deal
    May 26, 2026
    No interim order for Gymkhana: High court after Centre says won't take forceful possession by June 5
    May 26, 2026
    Lord’s Mark Industries Becomes First Company to Secure BSE Listing Approval Under IBC Scheme of PPIRP
    May 26, 2026
    BSE, ICSI, AIBI & HMPL Host SME Fund Raising Conclave in Guwahati, Assam
    May 26, 2026
    TGI Fridays® Launches Delhi NCR Flagship At Connaught Place
    May 26, 2026
    Prime Minister of Canada Mr. Mark Carney Calls India-Canada CEPA a “Game Changer” as Shri Piyush Goyal Holds High-Level Talks in Ottawa
    May 26, 2026
    Odisha may attract Rs 25,000-30,000 cr in power investments after policy shift
    May 26, 2026
    Rupee falls 17 paise to 95.43 against US dollar in early trade
    May 26, 2026
    Union Minister for Finance and Corporate Affairs Minister calls for stronger textile value chain through “from farm to fibre, factory, fashion and f...
    May 26, 2026
    Delhi Gymkhana seeks alternate land amid takeover row; nearly Rs 48 cr ground rent dues unpaid
    May 25, 2026
    HIGHLIGHTS
    May 25, 2026
    Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceeds
    May 25, 2026
    Rupee rises 34 paise to close at 95.26 against US dollar
    May 25, 2026
    Nepal SC bars arrest of ex-PM Deuba, wife in money laundering case
    May 25, 2026
    Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM
    May 25, 2026
    Fuel supply being monitored on daily basis after dryouts in select pockets
    May 25, 2026
    Delhi HC to hear on Tuesday pleas against Centre's order to vacate Gymkhana Club premises
    May 25, 2026
    Press note on release of the Report of the Technical Advisory Committee on Base Year Revision of the All-India Index of Industrial Production from 201...
    May 25, 2026
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May 26, 2026
ED conducts raids in Tamil Nadu in drugs-linked money laundering case
Show AI Summary
Money laundering investigation linked to alleged drug smuggling syndicate prompts searches in Chennai and Madurai.
Enforcement Directorate searches were conducted in Chennai and Madurai in a money laundering investigation linked to an alleged syndicate said to have smuggled drugs from India to Sri Lanka by sea. The case arises from Directorate of Revenue Intelligence cases concerning seizure of hashish from a fishing boat and recovery of methamphetamine at Madurai railway station. Britto was described as the alleged mastermind of the syndicate, with fishermen and boat owners allegedly used for transportation through Indian waters.
May 26, 2026
Gold drops Rs 2,800 to Rs 1.62 lakh/10g amid uncertainties on West Asia peace deal
Show AI Summary
Geopolitical uncertainty drives gold lower as investors await peace talks, inflation data, and central bank signals.
Gold prices declined in the domestic market as investors moved toward the US dollar amid renewed uncertainty over West Asia peace talks and military tensions between Washington and Tehran. Silver moved higher, leaving precious metals in a state of consolidation, while market participants stayed cautious and awaited clearer geopolitical signals. Analysts said crude oil, inflation expectations, Treasury yields, and upcoming US economic data would influence near-term bullion movement.
May 26, 2026
No interim order for Gymkhana: High court after Centre says won't take forceful possession by June 5
Show AI Summary
Perpetual lease termination and eviction process challenged as the High Court declines interim restraint pending due process assurances.
Centre's termination of Delhi Gymkhana Club's perpetual lease and proposed eviction were challenged as lacking genuine public purpose and as threatening forced dispossession. The High Court, noting the government's assurance that possession would not be taken by force and that any eviction would follow due process and prior notice, refused interim restraint at that stage, issued summons, and deferred issues including locus, prior notice and the legality of the lease termination.
May 26, 2026
Lord’s Mark Industries Becomes First Company to Secure BSE Listing Approval Under IBC Scheme of PPIRP
Show AI Summary
Pre-packaged insolvency resolution process listing approval marks a milestone in Lord's Mark Industries' transformation and market debut.
Lord's Mark Industries Ltd. received stock exchange listing approval under the IBC scheme of Pre-Packaged Insolvency Resolution Process (PPIRP), described as the first such approval for a company in India. The approval is linked to the company's planned public market debut and broader transformation strategy. The company says the milestone follows strategic rebuilding and institutional strengthening, and supports its next phase of expansion in healthcare, renewable energy, infrastructure and advanced technologies, with emphasis on resilience, governance, innovation and long-term value creation.
May 26, 2026
BSE, ICSI, AIBI & HMPL Host SME Fund Raising Conclave in Guwahati, Assam
Show AI Summary
SME capital market access gains focus as stakeholders promote compliance, due diligence and transparent listing pathways.
SME capital raising through the SME platform was promoted at a conclave in Guwahati, organised by BSE with ICSI, AIBI and Horizon Management Pvt Ltd and initiated by SEBI, to strengthen awareness among small and medium enterprises on accessing capital markets for growth. The initiative focused on enhancing capital market access and ease of capital formation for SMEs, particularly in the North-Eastern region, by familiarising enterprises with fundraising opportunities and the SME listing pathway. The discussions highlighted the SME IPO journey, including market readiness, regulatory compliance, due diligence and the role of intermediaries in supporting a transparent and trustworthy listing process.
May 26, 2026
TGI Fridays® Launches Delhi NCR Flagship At Connaught Place
Show AI Summary
Franchise expansion drives TGI Fridays' flagship launch in Connaught Place, strengthening premium urban dining presence in India.
TGI Fridays launched a new flagship restaurant at Connaught Place, New Delhi, as part of its broader India expansion strategy in the casual dining segment. The opening was undertaken by Bistro Hospitality Pvt. Ltd., the master franchisee for India, together with Feastary Hospitality LLP, its North India franchise partner, and was described as a step toward strengthening the brand's presence in premium urban markets.
May 26, 2026
Prime Minister of Canada Mr. Mark Carney Calls India-Canada CEPA a “Game Changer” as Shri Piyush Goyal Holds High-Level Talks in Ottawa
Show AI Summary
Comprehensive Economic Partnership Agreement CEPA talks advance as India and Canada seek stronger trade, investment, and strategic cooperation.
India and Canada advanced negotiations on a Comprehensive Economic Partnership Agreement (CEPA) during a high-level ministerial visit and business delegation mission in Ottawa, with both sides describing the proposed agreement as commercially meaningful, balanced, and intended to strengthen bilateral trade, investment, technology, and strategic cooperation. The discussions focused on accelerating the CEPA process and identifying opportunities to expand economic linkages across priority sectors.
May 26, 2026
Odisha may attract Rs 25,000-30,000 cr in power investments after policy shift
Show AI Summary
Power sector investment policy shift boosts Odisha's thermal project viability and renews developer interest in the state.
Odisha is expected to attract fresh investment in the power sector after aligning its concessional power allocation policy for thermal plants with the Centre's framework. The revised approach replaces the earlier requirement that developers reserve 12-14 per cent of capacity for state consumption at concessional rates with a 5 per cent supply obligation at variable charges for newly commissioned thermal power plants. Industry representatives said the earlier higher allocation norm had discouraged investment despite the State's coal reserves, port access and skilled manpower, while the new framework is expected to improve project viability and investor sentiment.
May 26, 2026
Rupee falls 17 paise to 95.43 against US dollar in early trade
Show AI Summary
Rupee weakness amid dollar demand and crude oil pressure, with RBI support helping contain volatility in foreign exchange trade.
The rupee weakened in early foreign exchange trade amid month-end dollar demand, higher crude oil prices and persistent geopolitical tensions. Dealers said broader pressure may continue unless external risks ease, though RBI intervention and liquidity support may limit near-term volatility and reduce speculative pressure.
May 26, 2026
Union Minister for Finance and Corporate Affairs Minister calls for stronger textile value chain through “from farm to fibre, factory, fashion and foreign markets” at TEXPROCIL export awards 2023–24 held in Mumbai
Show AI Summary
Textile value chain strengthening drives export growth, skills, and global competitiveness under the Viksit Bharat vision.
Strengthening the textile value chain from farm to fibre, factory, fashion and foreign markets was emphasised as the central policy direction for expanding cotton textile exports and production. The Finance Minister linked this objective to the broader Viksit Bharat vision, noting ambitious targets of USD 100 billion in textile exports and USD 250 billion in textile production by 2030. The text also refers to an Advanced Certificate Program in International Trade, designed to strengthen the export ecosystem and align with government schemes and policy measures.
May 26, 2026
Delhi Gymkhana seeks alternate land amid takeover row; nearly Rs 48 cr ground rent dues unpaid
Show AI Summary
Ground rent arrears and public land possession dispute shape Delhi Gymkhana Club's relocation plea and governance concerns.
Ground rent arrears and threatened resumption of public land possession have triggered a relocation request by the general committee overseeing Delhi Gymkhana Club. The committee asked the Ministry of Housing and Urban Affairs and the L&DO not to disrupt the club's functioning and to protect the interests of members, employees and other stakeholders before any change in occupation is implemented. Club members opposed the proposed takeover, described it as selective and misleading, and urged governance reforms rather than closure.
May 25, 2026
HIGHLIGHTS
Show AI Summary
Aviation health advisories and criminal probe oversight shape regulatory and judicial responses to public safety concerns.
Aviation safety measures were reinforced through a DGCA advisory issued in response to the Ebola outbreak in parts of Africa. Airlines were directed to make in-flight announcements, obtain self-declaration forms from passengers originating from or transiting through affected countries, and take other preventive steps to manage public-health risk in air travel. In the Twisha Sharma death case, the Supreme Court stated that it would ensure a fair, independent and impartial CBI probe. In the NEET paper leak matter, the Supreme Court issued notices on pleas seeking replacement of the existing testing body with a more robust and autonomous mechanism for conducting the examination.
May 25, 2026
Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceeds
Show AI Summary
Relocation of club and protection of employees remain central as Delhi Gymkhana seeks continuity pending takeover clarity.
The general committee overseeing Delhi Gymkhana Club urged the Central Government and the Land and Development Office not to disrupt the club's functioning until issues relating to proposed takeover, possible relocation and protection of employees are clarified. It requested consideration of an alternative plot for relocation if the takeover proceeds, while stressing that the interests of members, employees and other stakeholders should be protected before any operational change is implemented. The committee said it had improved administration, finances, procedures, litigation management and membership records after taking charge under an NCLT order.
May 25, 2026
Rupee rises 34 paise to close at 95.26 against US dollar
Show AI Summary
Rupee stability and orderly forex price discovery gain focus as the central bank signals market support.
The rupee appreciated in the foreign exchange market and extended its gains for a third straight session, closing stronger against the US dollar on improved global risk sentiment and weaker dollar conditions. The Reserve Bank of India signalled readiness to ensure orderly price discovery in the forex market, with the RBI Governor stating that the central bank would do whatever is required to maintain orderly market conditions. He also stated that the rupee is not overvalued and may be undervalued after its recent depreciation.
May 25, 2026
Nepal SC bars arrest of ex-PM Deuba, wife in money laundering case
Show AI Summary
Due process in money laundering arrests reported as the court questions an arrest warrant and bars detention pending review.
Interim restraint was reported in a money laundering matter concerning a former prime minister and his spouse, after the Supreme Court questioned the validity of an arrest warrant issued by the district court. The reported order turned on due process concerns in the issuance of the warrant and directed that the couple not be arrested pending further consideration. The report also noted that police had sought a red corner notice through Interpol, but the request was rejected for want of sufficient supporting material.
May 25, 2026
Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM
Show AI Summary
Excise duty cuts, fuel inflation, and exporter sustainability pressures shape the government's outlook on prices and trade.
Government revenue foregone through excise duty cuts on petrol and diesel was described as a consumer-protection measure used to cushion fuel inflation, while later retail fuel increases were attributed to market-driven revisions by oil marketing companies after a surge in international crude prices. The remarks also referred to the Reserve Bank of India's dividend transfer as arising from an established calculation process, and noted that exporters must adapt to sustainability requirements, traceability, fair labour practices, and the changing impact of artificial intelligence and automation on manufacturing.
May 25, 2026
Fuel supply being monitored on daily basis after dryouts in select pockets
Show AI Summary
Fuel supply monitoring intensifies as authorities address retail dry-outs, panic buying and last-mile replenishment constraints.
Daily monitoring of fuel supplies is being carried out to address intermittent dry-outs at a few retail outlets caused by a sudden rise in demand, last-mile supply constraints, and price-driven shifts from private retailers to state-run pumps. The government says sufficient stocks of petrol, diesel and LPG are available, with replenishment being prioritised and state governments asked to help prevent hoarding and mismanagement.
May 25, 2026
Delhi HC to hear on Tuesday pleas against Centre's order to vacate Gymkhana Club premises
Show AI Summary
Property rights challenge over Delhi Gymkhana Club premises alleges arbitrary takeover, forced eviction, and lack of due process.
Members and staff of the Delhi Gymkhana Club challenged the Centre's order directing handover of the club premises, alleging arbitrary takeover, forced eviction, and extinction of long-standing leasehold, associational, membership, and livelihood interests without due process. The pleas invoke Article 300A, legitimate expectation, and constitutional protections under Articles 14, 19(1)(g), and 21, while contending that the stated need for defence infrastructure and public security is vague and pretextual. The matter was mentioned for urgent hearing and listed for Tuesday.
May 25, 2026
Press note on release of the Report of the Technical Advisory Committee on Base Year Revision of the All-India Index of Industrial Production from 2011-12 to 2022-23
Show AI Summary
Industrial production index revision broadens sectoral coverage, updates weights, and links the new series with geometric mean methodology.
The revised All-India Index of Industrial Production series expands coverage, updates the item basket and weights, aligns the index with NIC-2025, and introduces greater sectoral granularity through new sub-indices. It also adopts the Geometric Mean method for linking the 2011-12 and 2022-23 series, with linking factors computed at the General Index and Sectoral Index levels.
May 25, 2026
Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above
Show AI Summary
Infrastructure project monitoring through PAIMANA tracks ongoing central sector works, sector-wise progress, and new project additions.
Central Sector infrastructure projects worth Rs.150 crore and above are monitored through the PAIMANA portal, which uses a "one data, one entry" framework and integrates with the DPIIT IPMP portal through APIs to automate data updates from Ministries and Departments. As of April 2026, the portal tracks 1,981 ongoing infrastructure projects across 17 Central Ministries and Departments, with a revised cost of Rs.42.78 lakh crore and cumulative expenditure of Rs.20.36 lakh crore. The press release also records ministry-wise and sector-wise distribution, new project additions, and commissioned projects.

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Income Tax

I-T dept enables online ITR-2 filing for AY27

May 27, 2026

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New Delhi, May 27 (PTI) The Income Tax Department on Wednesday enabled online filing of ITR-2 for the assessment year 2026-27 on the e-filing portal.

"Online filing and Excel utility for ITR-2 for AY 2026-27 are now enabled on the e-filing portal," the I-T Department said in a post on X.

ITR-2 is filed by individuals and HUFs who do not earn any income from business or profession, but have receipts from capital gains.

The department had, on May 15, enabled online filing of ITR-1 and ITR-4, which are filed by small and medium taxpayers, for the assessment year 2026-27.

These forms for filing ITRs for income earned in the 2025-26 fiscal were notified on March 30. With online filing and the Excel utility now enabled, assessees can now start filing tax returns.

The last date for filing income tax returns by individual taxpayers in ITR-1 and ITR-2 is July 31, while for non-audit taxpayers filing ITR-4, the deadline is August 31. PTI JD SHM SHM

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