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    No interim order for Gymkhana: High court after Centre says won't take forceful possession by June 5
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May 26, 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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
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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.
May 25, 2026
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Fuel price hikes spark criticism over falling crude costs, tax burden, and demands for rollback of petrol and diesel rates
Fuel price increases prompted criticism of the Centre's pricing policy, with Congress leaders alleging repeated hikes in petrol and diesel despite falling crude oil prices and demanding a rollback. The criticism extended to LPG, domestic gas, commercial gas and CNG, with the speakers linking the higher fuel burden to inflation and pressure on farmers, salaried households, small businesses and ordinary consumers. The leaders also questioned the Centre's collection of revenue from petroleum taxation and its use of resources from the RBI, alleging that the benefits of lower crude prices were not being passed on to consumers.
May 25, 2026
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Rupee appreciation supported by market optimism, softer dollar trends and RBI focus on orderly price discovery.
The Indian rupee appreciated against the US dollar for a third straight session amid improved market sentiment, including expectations of progress in US-Iran negotiations and a possible interim trade understanding between the US and India. The Reserve Bank of India Governor stated that the central bank would do whatever is required to ensure orderly price discovery in the foreign exchange market and said the rupee is not overvalued and may have been undervalued after its recent depreciation.

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PMLA / Black Money

ED raids at Vijayan''s residence spark violence, statewide CPI(M) protests in Kerala

May 27, 2026

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Thiruvananthapuram, May 27 (PTI) ED raids linked to the financial dealings between former Kerala Chief Minister Pinarayi Vijayan’s daughter's firm and a sand mining company triggered attacks on central agency officials in the state capital and statewide protests by CPI(M) leaders and workers on Wednesday.

Severe violence broke out outside Vijayan's rented residence after ED officials completed the raid and were leaving the premises.

Suspected CPI(M) workers attacked at least three vehicles, including the one carrying ED officials, outside Vijayan’s residence, even as the police failed to prevent the violent mob. There were six ED officials in the vehicle, including a woman.

The raids were carried out while eight central security personnel guarded the premises.

Hearing about the raids at the CPI(M) veteran's residence, party workers and activists from its allied organisations gathered outside Vijayan's rented house and staged a protest.

As the ED officials and central security personnel who took part in the raid left his home, the situation escalated, with protesters surrounding and blocking their hired vehicles and throwing stones and bricks at them, badly damaging the windshields, other windows and exterior rear-view mirrors.

The large number of protesters, shouting slogans against the ED and the Centre, kicked the vehicles, banged their fists and sticks on the windows and windshields, and even threw rotten eggs at them.

One of the drivers of the vehicles reportedly sustained an injury.

The ED officials then went to the Thampanoor police station to lodge a complaint against the protesters.

Police and central security personnel struggled to control the crowd as the vehicles, which also had a female official on board, were targeted during the incident.

Home Minister Ramesh Chennithala said that the Home Department and the Kerala Police had no prior information about the Enforcement Directorate (ED) raid.

"We were not informed, and police assistance was not sought. The ED used central forces to carry out the raids," he said.

The BJP strongly condemned the attack on ED officials, calling it an assault on the rule of law.

In a post on X, BJP state president Rajeev Chandrasekhar said, "Violence is the last refuge of the corrupt." Attacking officials on duty and obstructing an investigation is not a political protest. It is an assault on the rule of law, the BJP MLA said.

He alleged, "As usual, the Congress-led state government is keeping quiet to protect its political twin, the CPI(M).

He further added that the BJP-NDA would ensure that the investigation is not derailed.

Earlier, angry CPI(M) workers allegedly hurled helmets, plastic bottles and stones at security personnel deployed outside Vijayan's house while ED searches were underway inside.

Vijayan alleged that the ED searches at his premises were part of a targeted crackdown on opposition leaders across the country.

Speaking to reporters after ED officials concluded hours-long searches at his house at Bakery Junction, Vijayan said such actions would not weaken him or the CPI(M).

"This is only the beginning. Nobody should harbour the illusion that such actions can intimidate or weaken us," he said.

The veteran CPI(M) leader alleged that the BJP-led Centre has been using central agencies against opposition leaders since it came to power, and claimed that the action against him was also part of that strategy.

The ED carried out the raids a day after the Kerala High Court dismissed a petition filed by Cochin Minerals and Rutile Limited and its top officials challenging an Enforcement Directorate (ED) money laundering probe linked to alleged financial irregularities involving Vijayan’s daughter, Veena T, and her software firm Exalogic Solutions.

In a judgment delivered on May 26, Justice T R Ravi ruled that the ED was legally empowered to continue its investigation under the Prevention of Money Laundering Act (PMLA), even before the filing of a formal FIR or final report by the Serious Fraud Investigation Office (SFIO).

The company had approached the court seeking to quash the ED's Enforcement Case Information Report (ECIR), summons issued to its officials, and related proceedings. It argued that the ED lacked jurisdiction because no scheduled offence existed when the probe began.

The case traces back to Income Tax raids conducted in January 2019 at the company's offices and the residences of senior executives. Later, the Ministry of Corporate Affairs ordered an SFIO investigation into the company’s affairs following a complaint filed by BJP leader Shone George. During the hearing, the ED informed the court that the SFIO had since filed a complaint in April 2025 alleging offences under the Companies Act, including fraud provisions that qualify as scheduled offences under the PMLA.

As the raids were progressing at various locations, CPI(M) leaders and workers held protest marches in various districts across the state.

CPI(M) leader K N Balagopal alleged that the ED's "politically motivated witch-hunt targeting Comrade Vijayan" was part of a broader political agenda aimed at weakening the CPI(M) and the Left.

Responding to the CPI(M)'s charge, BJP leader V Muraleedharan said that Prime Minister Narendra Modi had "better things to do" than strike any deal with the Congress to target the CPI(M), which he said had limited national presence. PTI LGK HMP TGB ADB

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