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    ED freezes Rs 526-cr bank deposits in PMLA case against Gameskraft
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    Rupee hits fresh all-time low; ends slightly higher at 95.64 against US dollar
    India caps gold imports under Advance Authorisation scheme at 100 kg
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    Ant Digital Technologies and Ryt Bank Win Best AI-Powered Customer Experience Award in Malaysia
    The Era of Informal Influence Is Over: India's Creator Economy Is Entering Its Institutional Age
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May 14, 2026
Show AI Summary
Money laundering probe over online gaming platform alleged BOT-based play, user losses, and laundering through investments and properties.
Enforcement action under the Prevention of Money Laundering Act involved searches at an online gaming platform and its founders, leading to freezing of bank and payment gateway deposits and seizure of jewellery, bullion and cash. The probe alleged that the platform hosted real-money rummy games, collected commission on wagering amounts, and used BOTs without users' knowledge or consent. It also alleged laundering of the alleged proceeds through foreign investments, dividends, mutual funds, bonds, and property investments.
May 14, 2026
Show AI Summary
Sugar export prohibition imposed to protect domestic availability, preserve stocks, and contain rising prices.
India has amended the export policy for sugar, including raw sugar, white sugar and refined sugar, from restricted to prohibited with immediate effect until 30 September 2026 or further orders, whichever is earlier, to improve domestic availability and contain prices. The restriction does not apply to exports to the European Union and the United States under the CXL and Tariff Rate Quota arrangements, or to shipments under advance authorisation, government-to-government exports, and consignments already in the physical export pipeline.
May 14, 2026
Show AI Summary
Rupee pressure from strong dollar and crude price surge as traders watch inflows, RBI support and inflation concerns.
The rupee weakened to a fresh all-time low against the US dollar before closing marginally higher, with pressure from a firm dollar, elevated crude prices, inflation worries and disruptions to crude imports linked to the West Asia crisis and the Strait of Hormuz blockade. Traders also cited foreign fund outflows, possible tax reductions for foreign investors, RBI intervention and higher import duty on gold and silver as factors that could influence rupee support and near-term range.
May 14, 2026
Show AI Summary
Advance Authorisation scheme now caps gold imports, with stricter verification, export obligation conditions, and reporting requirements.
Gold imports under the Advance Authorisation scheme have been capped at a maximum remissible quantity of 100 kilograms. The scheme continues to permit duty-free import of inputs used in export production, including raw materials and other consumables, but the issuance of authorisation for gold imports is now subject to tighter control. First-time applicants face mandatory physical inspection, subsequent authorisations depend on 50 per cent export obligation fulfilment, and holders must file fortnightly certified performance reports.
May 14, 2026
Show AI Summary
Trade resilience and democratic legacy shape India's development narrative amid global tensions and tariff pressures.
India's trade and economic resilience was linked to adverse global geopolitical and tariff conditions, with reference to trade agreements signed with 38 countries and their impact on international commerce. The address also recalled India's nuclear tests under sanctions, Bhairon Singh Shekhawat's grassroots political legacy, his support for democratic values, and his early advocacy of simultaneous elections, along with his Antyodaya-oriented concern for the poorest sections and development-focused politics.
May 14, 2026
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Taiwan and trade tensions shape China-US talks as both sides address energy security and Iran's nuclear issue.
China and the United States discussed Taiwan, trade, energy security and the Iran conflict, while signalling a new vision for a constructive and strategically stable bilateral relationship. The Chinese president warned that mishandling Taiwan could lead to clashes and conflicts and urged caution to preserve overall stability. The leaders also discussed wider market access, Chinese investment, agricultural purchases, fentanyl precursor controls, and keeping the Strait of Hormuz open while opposing Iran's acquisition of nuclear weapons.
May 14, 2026
Show AI Summary
FD-backed business credit card offers dedicated spending limits, forex savings, rewards and cash-flow support for entrepreneurs.
IDFC FIRST Bank launched an FD-backed Business Multiplier Metal Credit Card for founders, entrepreneurs and business owners, designed for business spending and cash-flow management. The card provides a dedicated business credit limit linked to a fixed deposit, helping separate business and personal expenses while covering office supplies, digital marketing, SaaS subscriptions, travel, equipment purchases, inventory procurement, vendor payments and employee reimbursements. It also offers interest-free credit, 0% forex markup, rewards, UPI payments, lounge access, trip cancellation cover and employee card controls.
May 14, 2026
Show AI Summary
Durability-centric concrete design gains focus as a new certification programme supports quality assurance and code implementation readiness.
Durability-centric concrete design and quality assurance were discussed at a national workshop organised by the National Council for Cement and Building Materials on the draft revisions proposed in IS 456:2025. The workshop brought together industry, academia, research institutions and the Bureau of Indian Standards to examine durability design, performance-based specifications, quality assurance practices and implementation readiness for the proposed code changes. A six-month online certification programme on Advanced Concrete Technology was also launched to support capacity building and professional training.
May 14, 2026
Show AI Summary
Aquaculture export compliance drives India's inclusion in the EU revised draft list for continued seafood market access.
India has been included in the European Union's revised draft list for continued export of aquaculture products to the EU market from September 2026, following compliance measures under the EU framework governing antimicrobial use in food-producing animals. The inclusion reflects recognition of India's regulatory compliance, residue monitoring and food safety systems, and of sustained efforts to strengthen responsible aquaculture practices, testing, surveillance, traceability and quality assurance.
May 14, 2026
Show AI Summary
Taiwan tensions and trade talks shape China-US agenda as leaders discuss energy security and Iran concerns.
China and the United States discussed a broad bilateral agenda covering Taiwan, trade, energy security and the Iran conflict. Xi Jinping warned that mishandling the Taiwan issue could lead to clashes and conflicts, while both sides also discussed expanding economic cooperation, keeping the Strait of Hormuz open and preventing Iran from acquiring a nuclear weapon. The talks further touched on fentanyl precursors, agricultural purchases, tariffs, technology, rare earth supply chains and US arms sales to Taiwan.
May 14, 2026
Show AI Summary
Money laundering probe over online gaming platform leads to freezing of deposits and seizure of assets
The Enforcement Directorate conducted searches under the Prevention of Money Laundering Act in a money-laundering case against an online gaming platform and its associated entities, based on multiple police FIRs alleging cheating and fraud. The operation led to the freezing of bank deposits, bonds and fixed deposits, and the seizure of gold jewellery and cash. The case concerns real-money online games, and three founders were also arrested following the searches.
May 14, 2026
Show AI Summary
Money laundering jurisdiction dispute over Haryana land deal summons and scheduled offences under the PMLA
Enforcement Directorate opposed a petition challenging a trial court summons in a money laundering case arising from a Haryana land deal, while the petitioner argued that the agency lacked jurisdiction because the predicate offences were not scheduled offences under the Prevention of Money Laundering Act at the relevant time. The trial court had earlier taken cognisance of the charge sheet and directed the accused to appear, referring to sufficient material to proceed further under the Act.
May 14, 2026
Show AI Summary
Market sentiment improves on rupee-weakness measures, as telecom and banking buying lifts equities higher.
Indian equities extended gains for a second consecutive session, with the Sensex rising sharply in volatile trade and the Nifty also closing higher. The recovery was led by value buying in telecom, banking and pharma shares, while IT stocks remained weak. Market sentiment was supported by expectations of possible government measures to address rupee weakness, including consideration of bond tax relief for foreign investors and a possible tightening of the Liberalized Remittance Scheme to curb capital outflows.
May 14, 2026
Show AI Summary
Rupee weakness deepens as strong dollar, crude oil prices and inflation concerns pressure currency trade.
Rupee weakness was driven by a strong US dollar, elevated crude oil prices and inflation concerns, with the currency falling to a record provisional low against the US dollar in volatile interbank trade. Market participants expected a negative bias in the near term because rising inflation in the United States reduced rate-cut expectations, while geopolitical tensions, foreign fund outflows and disruptions to crude petroleum imports added pressure on the currency.
May 14, 2026
Show AI Summary
Strategic stability in China-US ties hinges on Taiwan caution, with trade and wider cooperation also under discussion.
China and the United States reached a political understanding described as a new vision for constructive bilateral ties centred on strategic stability, cooperation, manageable competition and peaceful handling of differences. The Taiwan question was identified as the most sensitive issue in China-US relations, with cross-Strait peace and stability described as central to stable bilateral ties and support for Taiwan independence said to be incompatible with that objective. Trade and broader cooperation were also discussed, including economic, health, agriculture, tourism and law enforcement engagement.
May 14, 2026
Show AI Summary
Trade frictions and energy security dominate US-China talks amid tariff disputes, export controls and rare earth supply chain concerns.
US and Chinese leaders held high-level talks on trade frictions, tariffs, export controls, advanced technology, rare earth supply chains, Taiwan and wider geopolitical tensions linked to the Iran war and Strait of Hormuz disruptions. The meeting was aimed at stabilising relations through direct dialogue and addressing economic and security differences, while both sides emphasised partnership, mutual prosperity and the need to avoid escalation. Plans for a trade board and continued negotiations on tariffs were also noted.
May 14, 2026
Show AI Summary
AI-powered customer experience drives recognition for a digital banking partnership in Malaysia's fast-growing financial services market.
Partnership between Ant Digital Technologies and Ryt Bank received recognition in Malaysia for an AI-powered customer experience and engagement initiative in digital banking. The collaboration was noted for deploying enterprise-grade AI to deliver personalised, scalable and real-time financial services across digital channels, with an emphasis on conversational customer interactions, improved service responsiveness and enhanced customer engagement. The report also notes Ryt Bank's status as a licensed Malaysian digital bank and its use of AI-enabled banking functions such as transfers, bill payments, card usage, PayLater services and an AI assistant.
May 14, 2026
Show AI Summary
Creator economy formalisation is accelerating as GST registration, AI adoption, and disclosure compliance reshape influencer marketing.
India's creator economy is described as moving into a formalised industry shaped by standardised processes, infrastructure-led growth, and regulatory governance. GST registration is presented as a baseline for institutional brand partnerships, while regional expansion, brand accountability, AI adoption, and compliance requirements are identified as the main forces reshaping influencer marketing. ASCI disclosures, SEBI scrutiny, and DPDP compliance are framed as structural filters for durable participation in the sector.
May 14, 2026
Show AI Summary
Sugar export prohibition tightened to protect domestic supply, with limited exceptions for quota-linked and approved shipments.
Sugar exports are placed under a prohibited regime with immediate effect until 30 September 2026, by amendment of the export policy from restricted to prohibited. The measure is stated to support domestic availability and contain prices, following earlier licence-based control of exports. The prohibition does not apply to exports to the European Union and the United States under the CXL and Tariff Rate Quota arrangements, or to shipments under the advance authorisation scheme, government-to-government exports, and consignments already in the physical export pipeline.
May 14, 2026
Show AI Summary
Semi high-speed rail connectivity gets a boost as the Ahmedabad-Dholera project aims to improve mobility and logistics efficiency.
Cabinet approval has been granted for the Ahmedabad (Sarkhej)-Dholera Semi High-Speed Double Line project in Gujarat, covering Ahmedabad district and adding about 134 km to the Indian Railways network. The project, with an estimated cost of Rs. 20,667 crore, is planned for completion by 2030-31 and is described as Indian Railways' first semi high-speed project using indigenously developed technology. It is intended to improve direct connectivity, reduce travel time and enhance mobility, service reliability and logistics efficiency.

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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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