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May 29, 2026
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PMLA jurisdiction dispute over ED probe before scheduled offence and natural justice objections in appeal
CMRL has filed an appeal challenging an order permitting the Enforcement Directorate to continue a PMLA investigation before a formal FIR or final report by the SFIO. The company contends that no scheduled offence existed when the probe began and that a later complaint could not retrospectively confer jurisdiction on the ED. It also raises a natural justice objection, alleging that additional affidavits were allowed after reservation and that it was denied an opportunity to respond.
May 29, 2026
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Special economic zones notified in Puducherry for IT/ITES and multi-sector development under the SEZ framework.
The government has notified two special economic zones in Puducherry for development under the SEZ framework. One is an IT/ITES SEZ proposed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk, and the other is a multi-sector SEZ proposed by the Pondicherry Industrial Promotion Development and Investment Corporation at Karasur village in Villianur Taluk. The proposals had already received approval from the Board of Approval for SEZs under the Department of Commerce.
May 29, 2026
Show AI Summary
Macroeconomic resilience and inflation risks shape RBI's outlook amid West Asia tensions, monsoon dependence and El Nino concerns.
India's growth outlook remains supported by strong macroeconomic fundamentals, private consumption, investment and public capital expenditure, even though the economy may face near-term headwinds from the West Asia conflict, elevated energy prices, supply chain disruptions, financial market volatility, uncertainty in global trade policies and weather-related disruptions. The agriculture sector remains dependent on the south-west monsoon, and El Nino conditions create downside risks to output. Inflation is expected to remain broadly aligned with target, though upside risks may arise from global fuel and commodity prices, input and wage costs, and exchange-rate volatility.
May 29, 2026
Show AI Summary
Special Economic Zones in Puducherry expand industrial growth, investment, exports and employment through IT/ITES and multi-sector projects.
Two new Special Economic Zones were notified in Puducherry after approval by the Board of Approval for SEZs under the Department of Commerce. One is an IT/ITES SEZ to be developed by M/s Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk, described as the first SEZ in India to be developed by an urban local body. The other is a multi-sector SEZ to be developed by M/s Pondicherry Industrial Promotion Development and Investment Corporation at Karasur village in Villianur Taluk.
May 29, 2026
Show AI Summary
Unclaimed financial assets portal launched to simplify access to bank deposits, insurance claims, shares and mutual funds.
A Common Landing Portal for Unclaimed Financial Assets has been launched as a single unified online platform to facilitate citizen search and tracing of unclaimed bank deposits, insurance claims, shares, dividends and mutual funds across the financial ecosystem. The portal provides consolidated access to multiple search facilities relating to unclaimed financial assets and is intended to improve convenience, awareness and access to information.
May 29, 2026
Show AI Summary
Digital fixed deposits combine competitive returns, paperless onboarding and Video KYC for resident investors seeking secure banking convenience.
Competitive fixed deposit products are being marketed to depositors seeking stable returns, low-risk exposure, capital protection and digital convenience, with emphasis on RBI-regulated banking frameworks, paperless onboarding and online maturity management. The Equitas Digital Full KYC Digital Fixed Deposit is presented as a fully digital deposit option available through mobile-app onboarding and Video KYC, with deposit insurance coverage under the Deposit Insurance and Credit Guarantee Corporation framework.
May 29, 2026
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Rupee depreciation and operating disruptions weigh on IndiGo's performance, while capacity and income still rise.
Rupee depreciation, challenging operating conditions, flight disruptions and changes in labour laws materially affected IndiGo's financial performance for the March quarter and the 2025-26 fiscal. The airline reported a net loss for the quarter and for the full year, while stating that its revenue and capacity still increased during the period. Excluding foreign exchange and exceptional items, it said it would have reported a profit, and it noted further expected capacity growth in the June quarter.
May 29, 2026
Show AI Summary
Rupee internationalisation gains ground as import-export invoicing rises and fraud reporting remains a major banking concern.
Rupee invoicing for imports and exports has increased over the years, reflecting a continuing process of INR internationalisation in trade transactions. The Reserve Bank's data indicates that wider use of the domestic currency in cross-border invoicing is being treated as mutually beneficial to trading partners. Banks and financial institutions have also reported a large number of fraud cases, underscoring continuing compliance and risk-management concerns within the financial sector.
May 29, 2026
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Foreign exchange reserves decline as RBI reports broad-based weekly fall across currency assets, gold, SDRs and IMF reserves.
India's foreign exchange reserves declined during the reporting week, with the overall forex kitty falling as the Reserve Bank of India reported reductions in foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the IMF. The decrease in reserves was spread across the principal reserve components rather than confined to a single item, indicating a broad-based weekly contraction in external reserve assets.
May 29, 2026
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Corporate and financial forum spotlights India's macro outlook, capital markets, AI and investment trends.
Citi will host its flagship India Conference 2026 in Mumbai as a two-day corporate and financial forum bringing together clients, senior executives, investors and other market participants for engagement, networking and knowledge-sharing. The conference agenda will cover the macroeconomic outlook, policy environment, capital markets, emerging investment trends, artificial intelligence, digital infrastructure and innovation.
May 29, 2026
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India-U.S. trade and investment ties strengthened through business talks on technology, healthcare, finance and supply chain resilience.
Strengthening India-U.S. trade and investment relations through high-level business engagements focused on expanding cooperation with global industry leaders in financial services, healthcare, digital payments, manufacturing, innovation, artificial intelligence, and emerging technologies. The discussions highlighted opportunities for global businesses in India, supply chain resilience, India's attractiveness as an investment destination, economic reforms, ease of doing business, and deeper industry-to-industry collaboration.
May 29, 2026
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AI governance framework launch for secure adoption, operational oversight, and compliance alignment across enterprise AI systems.
A cybersecurity and standards body has launched the Adopt. Defend. Govern. (ADG) AI Framework and a free AI Readiness Self-Assessment Tool to help organizations securely adopt, operationalize, and govern artificial intelligence at scale. The framework presents a unified governance structure with three pillars, 12 minimum controls, nine governance surfaces, implementation overlays, and accountability mechanisms for AI systems, agentic AI environments, multi-model architectures, and large language model ecosystems. It is designed to align with major global AI governance and security standards and reduce compliance fragmentation.
May 29, 2026
Show AI Summary
Securities market fraud and disclosure violations: Supreme Court sets aside disgorgement while sustaining penalty for position-limit breach
The Supreme Court partly allowed the appeal in SEBI proceedings concerning trading in Reliance Petroleum Ltd. shares and set aside the finding of fraud under the PFUTP Regulations as well as the disgorgement order. It nevertheless upheld the penalty linked to violation of disclosure requirements under the SEBI circular on position limits. The Court also directed refund of the amount deposited in the Investor Protection Fund under an earlier interim order.
May 29, 2026
Show AI Summary
Rupee strength amid softer crude and dollar weakness as markets await the RBI Monetary Policy Committee meeting.
The rupee strengthened against the US dollar on renewed optimism after the US and Iran extended the ceasefire and agreed to fresh talks. Softer crude oil prices and a weaker dollar supported the currency, while traders warned that renewed US-Iran tensions could pressure the rupee. Market focus turned to the upcoming RBI Monetary Policy Committee meeting, where the central bank may weigh currency stability alongside inflation management.
May 29, 2026
Show AI Summary
Indian Rupee internationalisation gains momentum as trade invoicing and settlement rise across imports and exports.
The Reserve Bank of India reports a sustained increase in the use of Indian Rupee (INR) for import and export invoicing and settlement, reflecting the broader internationalisation of the currency through its use in current and select capital account transactions. Greater use of INR as an invoicing and settlement currency is associated with reduced exchange rate risk, lower dependence on costly foreign exchange reserves in convertible currencies, lower transaction costs, and the development of bilateral exchange rate markets.
May 29, 2026
Show AI Summary
Fraud reporting and cyber resilience take centre stage as advances dominate losses and the RBI expands drill-based preparedness.
Banks and financial institutions reported a large volume of fraud cases in 2025-26, with the advances category accounting for the dominant share in value terms and replacing card, internet and digital payment fraud as the principal area of exposure. Public sector banks and private sector banks recorded fewer fraud cases year-on-year, but the amount involved in such frauds increased, while foreign banks, small finance banks and payments banks reported comparatively lower volumes. The Reserve Bank has operationalised a Cyber Range initiative through a platform at IDBRT to strengthen cyber resilience across supervised entities.
May 29, 2026
Show AI Summary
Cooling-off period for retired judges rejected as unnecessary where capable adjudicators are needed in tribunals and other bodies.
Post-retirement appointments of judges to tribunals and other government bodies remain a contested policy issue, with the Law Minister stating that there is no justification for a mandatory cooling-off period for retired judges who are mentally sound, capable and judged to have served well. The remarks emphasise the need for experienced adjudicators in vacancy-ridden institutions such as the NCLT and NCLAT, and extend to other assignments including the NHRC, Lokpal, Law Commission, Press Council of India, and various committees and commissions.
May 29, 2026
Show AI Summary
Reserve Bank balance sheet expansion reflects higher investments, rising gold holdings, and a larger annual surplus.
The Reserve Bank's annual report for 2025-26 records a substantial expansion in its balance sheet, driven by higher domestic investments, gold holdings and foreign investments. The year closed with a higher surplus, alongside a transfer to the Contingency Fund and no provision to the Asset Development Fund. The report also notes a marginal increase in total gold holdings and a significant rise in the value of gold held as an asset of the Banking Department due to higher gold prices and depreciation of the rupee against the US dollar.
May 29, 2026
Show AI Summary
Macroeconomic fundamentals support India's growth outlook despite external headwinds, while inflation and agriculture face weather-linked risks.
India's growth outlook remains supported by robust macroeconomic fundamentals, government capital expenditure, strong corporate and banking balance sheets, domestic consumption and investment, despite external headwinds and geopolitical tensions. Agricultural output and inflation remain linked to monsoon progress, El Nino risks, reservoir levels, foodgrain stocks and fertiliser availability, while the inflation target is retained at 4 per cent with a tolerance band of plus or minus 2 per cent.
May 29, 2026
Show AI Summary
Consumer television financing through EMI plans combines model comparison, partner-store purchase options and variable terms for budget buyers.
Consumer television purchases are linked to financing through partner stores, with buyers comparing display technology, resolution, smart features and support before selecting a model. The process includes browsing on Bajaj Mall, verifying pre-approved eligibility, choosing an EMI plan with optional zero down payment on select models, and completing purchase through a loan with repayment tenures from 3 to 60 months, subject to changing price, store and offer conditions.

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May 29, 2026

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New Delhi, May 29 (PTI) Following are the top stories at 5.20 PM: NATION DEL38

INDO-US-GOR (3.06 PM) Limitless potential exists in India-US partnership: Gor New Delhi: No partnership is better positioned than the one between India and the US to seize emerging opportunities, particularly in the technology sector, US Ambassador Sergio Gor said on Friday.

BOM12 MH-HOOCH-2NDLD DEATHS (3.51 PM)

Spurious liquor kills 12 in Pune, eight held; CM says more arrests likely Pune: At least 12 persons died in Pimpri Chinchwad area and Pune city after consuming suspected spurious liquor, and the police have arrested eight individuals, including a key bootlegger, in this connection, officials said on Friday.

DEL46 UP-2NDLD BRIDGE COLLAPSE (3.59 PM)

* Part of under-construction bridge collapses in UP following storm, six labourers killed Hamirpur: (PTI) Six labourers were killed and three others injured after part of a bridge under construction collapsed following a storm over the Betwa river in Uttar Pradesh's Hamirpur district early Friday, officials said.

BOM9 GJ-SHAH-BORDER (2.08 PM)

Amit Shah begins visit to areas along international border in Gujarat Bhuj: (PTI) Union Home Minister Amit Shah on Friday started his visit to areas along the international border in Gujarat's Kutch, where he is also scheduled to chair a review meeting concerning security, said officials.

DEL37 LAW-MEGHWAL-WOMEN'S RESERVATION (3.02 PM)

Women's reservation won't have to wait for long: Law Minister Meghwal New Delhi: Union Law Minister Arjun Ram Meghwal has said that the women's quota law providing 33 per cent reservation for women in the Lok Sabha and state assemblies “won't have to wait for long”, as he indicated that it would be in place before the 2029 parliamentary polls.

DEL27 LAW -MEGHWAL-RETIRED JUDGES (2.04 PM)

Cooling-off period not needed for good judges post retirement: Law Minister Meghwal New Delhi: Union Law Minister Arjun Ram Meghwal has rejected the idea of a mandatory "cooling-off period" for retired judges before they take up assignments from the government, saying there is no case for restricting "judicious and mentally sound" people from continuing to work.

DEL42 RAHUL-CBSE-OSM (3.27 PM)

PM only cares about survival of his govt, not kids' future: Rahul New Delhi: Congress leader Rahul Gandhi said on Friday that Prime Minister Narendra Modi's silence on the CBSE debacle and inaction against the education minister showed he cared only about the survival of his government and not the future of lakhs of students.

DEL47 SIDDARAMAIAH-2NDLD GANDHI (4.10 PM)

Day after resigning as Karnataka CM, Siddaramaiah meets Rahul, Kharge in Delhi New Delhi: A day after resigning as the chief minister of Karnataka, Congress leader Siddaramaiah on Friday met Rahul Gandhi and Mallikarjun Kharge in the national capital, officials said.

BOM11 MP-COURT-TWISHA (2.55 PM)

Twisha death case: Court sends Giribala Singh to CBI remand for 5 days, extends Samarth’s custody Bhopal: A local court here on Friday remanded Twisha Sharma’s mother-in-law Giribala Singh and her husband Samarth Singh in CBI custody for five days in connection with the death of the model-actress.

* DEL53 HEALTH-NFHS 6-INSTITUTIONAL DELIVERIES (4.58 PM)

Institutional deliveries up from 88.6% to 90.6% in 2023-24: NFHS-6 New Delhi: Institutional deliveries in India have increased from 88.6 per cent in 2019-2021 to 90.6 per cent in 2023-24, moving closer towards universal coverage, according to the National Family Health Survey-6 released on Friday.

DEL40 BJP-CONG-KL-VANDE MATARAM (RPT)

BJP alleges Congress-led Kerala govt insulted Vande Mataram, governor under IUML's pressure New Delhi, May 29 (PTI) The BJP on Friday slammed the Congress-led Kerala government for allegedly insulting Vande Mataram and the governor by playing only the opening stanzas of the national song during a function at the state assembly.

MDS24 KL-ED-CONGRESS-VIJAYAN (3.22 PM)

Cong adopting ‘narrow-minded’ stand on ED action against oppn parties: Pinarayi Vijayan Thiruvananthapuram: Former Kerala Chief Minister Pinarayi Vijayan on Friday accused the Congress of taking a "narrow-minded" stand on ED actions against leaders of parties opposed to the BJP, claiming that the grand old party objects only when its own leaders are targeted.

BOM8 MP-DEMOGRAPHIC COMMITTEE-CHAIRMAN (2.01 PM)

Committee may recommend more stringent laws to deal with infiltration if necessary: Justice Naolekar Indore: Former Supreme Court judge Justice Prakash Prabhakar Naolekar, who heads the high-level committee for assessing demographic changes, has termed the demographic change caused by infiltration as a "huge challenge", and said the panel may recommend "more stringent laws" to the Centre if necessary. By Harshwardhan Prakash

MDS34 TN-TVK-CBI-AIADMK (4.52 PM)

Will not hesitate to demand CBI enquiry into 'horse trading' by TVK: AIADMK whip Tiruvannamalai (Tamil Nadu): AIADMK whip Agri S S Krishnamurthy on Friday said that the party will demand a CBI investigation if the alleged poaching of lawmakers via "multi-crore cash" transfers by the ruling TVK continues.

CAL17 WB-MAMATA-POEM (4.16 PM)

Amid dissent in TMC ranks, Mamata's 'Girgiti' poem takes swipe at political turncoats Kolkata: Amid a growing chorus of dissent within the TMC after its loss of power in West Bengal, party supremo Mamata Banerjee has penned a new poem titled 'Girgiti', which political observers believe carries a veiled message for leaders who have recently turned critical of the organisation.

CAL10 OD-SIR (2.47 PM)

Over 45k booth-level officers engaged to carry out SIR in Odisha from May 30 Bhubaneswar: The Election Commission of India (ECI) will engage over 45,000 booth-level officers (BLOs) to conduct Special Intensive Revision (SIR) of the voters' list in Odisha from May 30, an official said on Friday.

MDS32 KL-VANDE MATARAM-CM (4.27 PM)

Rendering Vande Mataram in full not mandatory: Kerala CM Satheesan Thiruvananthapuram: Kerala Chief Minister V D Satheesan on Friday said that rendering the national song, Vande Mataram, in full was not mandatory as there was no law enacted by the Parliament in that regard.

CAL18 MN-TRUCK DRIVER-LD SHOT (4.20 PM)

Truck driver dies in militant firing in Manipur's Ukhrul, CM condemns killing Imphal: A truck driver was killed and a police constable was injured when suspected militants fired at a convoy of goods vehicles in Manipur's Ukhrul district on Friday, an officer said.

CAL19 JH-MAOIST-ARREST (4.26 PM)

PLFI chief commander carrying Rs 10 lakh bounty arrested in Jharkhand Ranchi: Jharkhand Police has arrested the chief commander of the banned People's Liberation Front of India (PLFI), a splinter group of the Maoists, who carried a bounty of Rs 10 lakh on his head, a senior official said on Friday.

CAL20 WB-LD RAIN (4.32 PM)

Thunderstorms, heavy rain lash Kolkata, South Bengal; disrupt public life Kolkata: A powerful spell of thunderstorms accompanied by heavy rain and gusty winds swept across Kolkata and several districts of South Bengal on Friday afternoon, bringing relief from the scorching heat but also adding to major disruptions in public life.

BUSINESS DEL44 BIZ-RBI-REPORT-RUPEE-TRADE (3.46 PM)

Rupee being increasingly used for imports and exports: RBI report Mumbai: Rupee is being increasingly used for import and export invoicing over the years, showed the data compiled by the Reserve Bank of India, which said the INR internationalisation process has been mutually beneficial to all trading partners.

DEL31 BIZ-RBI-REPORT-FRAUDS (2.14 PM)

Financial institutions report over 10,000 cases of fraud involving Rs 48,000 cr in FY26: RBI data Mumbai: Banks and financial institutions, taken together, reported 10,114 fraud cases involving Rs 48,021 crore in 2025-26, against 23,722 cases involving Rs 32,803 crore in 2024-25, according to the annual report for the Reserve Bank released on Friday.

LEGAL LGD25 SC-NEET (3.19 PM)

NEET paper leak: SC stresses accountability; govt says PM personally supervising situation New Delhi: The Supreme Court on Friday stressed on accountability for the lapses in the NEET paper leak issue and said it was “actually very traumatic” not only for the students but for their families as well if something like this happened.

LGD28 SC-RELIANCE (4.01 PM)

* SC sets aside order directing RIL to disgorge Rs 447 crore New Delhi: The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007.

LGD27 DL-HC-LD COCKROACH PARTY (3.59 PM)

HC asks review committee to examine unblocking of Cockroach Janta Party's X handle New Delhi: The Delhi High Court on Friday refused to order unblocking of satirical digital outfit Cockroach Janta Party's X account but asked a review committee under the IT Rules to examine the issue and take a decision before July 7.

LGD15 SC-WFI-LD PHOGAT (2.36 PM)

Vinesh Phogat to participate in selection trials for Asian Games 2026 after SC's nod New Delhi: The Supreme Court on Friday permitted wrestler Vinesh Phogat to participate in the selection trials to be held on May 30 and 31 for the Asian Games 2026.

LGD30 NGT-HEATWAVE-NOTICE (4.27 PM)

NGT seeks response from Centre, states regarding heatwave conditions across country New Delhi: The National Green Tribunal (NGT) has sought a response from the Centre, several states and others regarding scorching maximum temperatures and intense extreme heat across the country.

FOREIGN FGN24 CANADA-BISHNOI-LETTER (1.34 PM)

Canada police says Lawrence Bishnoi gang sent threat letter last year Toronto: The Canadian police has said the Lawrence Bishnoi gang sent a letter to it last year claiming it had more than "1,000 individuals willing to carry out shootings" in the country as part of its extortion operations targeting the South Asian diaspora, according to a media report.

FGN26 US-2NDLD SPELLINGBEE (2.26 PM)

Indian-American Shrey Parikh wins Scripps National Spelling Bee competition Washington: Shrey Parikh, a 14-year-old Indian-American student from California, on Friday won the Scripps National Spelling Bee after he spelt 32 of the 35 words correctly in 90 seconds.

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