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    Anondita Medicare Limited Secures First Export Order Worth INR 43.14 Crore Under South African Government Condom Tender Program
    Exato Technologies Limited Reports 35% Revenue Growth and 67% PAT Growth YoY in FY26; Builds a Record INR 600 Crore Order Book
    GST collections grow 3.2 pc in May to Rs 1.94 lakh cr
    Trump facing new inflation warning from bond market, adding to his mid-term challenges
    Rupee falls 9 paise to 94.94 against US dollar in early trade
    DRI intensifies anti-narcotics drive in Kerala under Operation Chakravyuh; 24 kg narcotic contraband seized; 5 arrested
    DRI seizes around 105 kg ganja in Bihar in its anti-narcotic drive; two arrested
    Don’t want Canadian businesses to miss out on FTA with India: Trade Minister Sidhu
    Canada, India officials express optimism over trade pact talks
    UK Foreign Secretary to visit India, China for talks on global challenges
    Onion farmers seek Rs 10,000 crore revival package, stable export policy from Centre
    Govt cuts windfall tax on petrol, diesel, ATF exports
    Odisha: Cooperative official held for misappropriating govt funds worth over Rs 33 lakh
    Court orders framing of charges against Jacqueline, Sukesh for money laundering; 'conman' charged under MCOCA in another case
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    Likely moderation in economic activity; near-term growth outlook shows cautious resilience: FinMin
    Why India Imports 700+ Tonnes of Gold Every Year: Explained
    TECNO Pop X vs TECNO Pop X 5G – Which TECNO Phone Offers Better Value in 2026?
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    June 1, 2026
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    Export business advances as Anondita Medicare secures first South African government condom supply order under tender framework.
    Export business under a South African government procurement programme advanced when Anondita Medicare Limited secured its first export purchase order for male condoms from Supra Healthcare Johannesburg (Pty) Ltd. The order, valued at approximately INR 43.14 crore, covers supply and delivery equivalent to 50 forty-foot containers and is expected to be executed by 30 September 2026. The transaction marks the commencement of supplies under the approved South African tender framework and is described as strengthening the company's export business.
    June 1, 2026
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    Revenue growth and record order book drive Exato Technologies' FY26 expansion, profitability gains, and global footprint.
    Exato Technologies Limited reported strong FY26 consolidated financial performance, with revenue from operations rising 35% year-on-year and Profit After Tax increasing by 67% year-on-year. The company also disclosed a record order book of INR 600 crore, reflecting strong revenue visibility, and noted expansion through a wholly owned subsidiary in Australia alongside existing subsidiaries in the USA and Singapore.
    June 1, 2026
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    GST collections rise on stronger goods and services supplies, with import-linked receipts and net revenues also moving higher.
    Gross GST collections increased in May on the back of stronger supplies of goods and services and continued growth in collections from imports. Domestic GST collections under CGST, SGST and IGST were reported for the month, while taxable supplies of goods and services recorded significant year-on-year growth, indicating firm domestic demand and resilience in consumption. IGST collections from imports also rose, GST refunds increased modestly, and net GST revenues were higher after adjustment of refunds.
    June 1, 2026
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    Rising bond yields and debt sustainability concerns deepen affordability pressures and heighten political risk ahead of the mid-term elections.
    Rising US bond yields and higher Treasury borrowing costs are intensifying affordability pressures, slowing growth expectations and increasing political risk as investors reassess the sustainability of government debt. Economists quoted in the report say the administration's stated deficit-reduction measures are unlikely to materially close the gap, while debt-service costs have already risen sharply and are projected to remain a major budget burden. Higher rates are feeding into mortgage costs, car sales weakness and broader voter concerns about living costs ahead of the mid-term elections.
    June 1, 2026
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    Rupee weakness reflects crude oil pressure, safe-haven dollar demand and suspected central bank support in the forex market.
    The rupee weakened in early trade against the US dollar amid higher crude oil prices, a firmer dollar index and heightened geopolitical tensions linked to the Israel-Lebanon conflict. Market participants also referred to suspected RBI intervention in the currency market, a decline in India's forex reserves and net foreign institutional investor selling in equities.
    June 1, 2026
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    Anti-narcotics operations under Operation Chakravyuh seize narcotic contraband and expose trafficking through baggage, courier consignments and export cargo.
    Coordinated anti-narcotics operations by the Cochin Unit of the Directorate of Revenue Intelligence under Operation Chakravyuh led to the seizure of narcotic drugs and psychotropic substances, including methaqualone, methamphetamine and hashish oil, intended for illicit distribution and trafficking. The contraband was detected through passenger baggage at an airport, concealment in courier consignments and outbound export cargo. More than 24 kg was seized and five persons were apprehended under the Narcotic Drugs and Psychotropic Substances Act, 1985.
    June 1, 2026
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    Anti-narcotic enforcement targets illicit ganja transportation, with seizure and arrests under the NDPS Act.
    Anti-narcotic enforcement action involved the seizure of 104.9 kg ganja in Bihar and the arrest of two persons for illicit transportation under the relevant provisions of the NDPS Act, 1985. The action formed part of a continuing drive by the Directorate of Revenue Intelligence to curb drug trafficking and dismantle narcotics supply networks across India.
    June 1, 2026
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    Free trade agreement negotiations with India gain momentum as Canada seeks new market access for exporters and sector opportunities.
    Canada and India are continuing negotiations on a proposed free trade agreement/Comprehensive Economic Partnership Agreement amid renewed bilateral engagement after talks stalled in 2023. Canadian officials said the negotiations remained active and could conclude later in the year, while the discussions are aimed at keeping Canadian businesses competitive and opening new markets for Canadian exporters. The summit also highlighted agricultural trade issues, including Canadian pulse exports and existing Indian duties on yellow peas and lentils.
    May 31, 2026
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    Free trade agreement talks gain momentum as Canadian and Indian officials signal renewed optimism over a comprehensive partnership deal.
    Canadian and Indian officials expressed optimism that negotiations on a proposed Comprehensive Economic Partnership Agreement would resume and advance after talks stalled in 2023, reflecting renewed bilateral engagement between the two countries. Public comments at a business summit indicated continuing discussions on a free trade agreement and confidence that a deal could be reached later in the year, alongside a broader push to expand bilateral trade.
    May 31, 2026
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    UK-India trade and global security talks drive Yvette Cooper's visit to China and India amid wider cooperation plans.
    UK Foreign Secretary Yvette Cooper is due to visit China and India for talks on global challenges, bilateral cooperation and the UK-India Vision 2035. The discussions are expected to cover the Strait of Hormuz, Russia's invasion of Ukraine and the Ebola outbreak in Africa, while the India visit will include engagement with business, academia and government stakeholders linked to the free trade framework.
    May 31, 2026
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    Onion growers' revival package demand centers on export stability, price protection, storage support and direct farmer assistance.
    Onion growers in Maharashtra have sought a comprehensive revival package and a stable long-term export policy to address losses attributed to repeated export bans, export duty, minimum export price restrictions, buffer stock releases at low domestic prices, and crop damage from adverse weather, disease, spurious seeds and storage losses. The association also wants direct transfer of assistance into farmers' bank accounts, subsidies for certified seeds and storage infrastructure, and support for processing industries and farmer-owned value-added units.
    May 31, 2026
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    Windfall gains tax on fuel exports reduced as export duties and cess are eased while domestic rates stay unchanged.
    Windfall gains tax on export of petrol, diesel and aviation turbine fuel was reduced from 1 June, with the levy on petrol cut to Rs 1.5 per litre, diesel reduced to Rs 13.5 per litre and aviation turbine fuel reduced to Rs 9.5 per litre. Road and infrastructure cess on export of petrol and diesel was made nil, while domestic duty rates on petrol and diesel remained unchanged.
    May 30, 2026
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    Cooperative fund misappropriation alleged through fabricated entries and diversion of government deposits for personal use.
    Cooperative funds management was alleged to have been manipulated through fabricated day-book entries and diversion of government deposits by a former secretary of a service co-operative society. The allegations concern misappropriation of funds entrusted during his tenure, where the account records were shown as balanced while the corresponding cash was not deposited into the cooperative bank. The funds were stated to have been meant for agricultural and cooperative development schemes and were allegedly diverted for personal use.
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    Money laundering and organised crime charges framed against accused over alleged extortion, impersonation, and layered proceeds of crime.
    Delhi court ordered framing of charges in a money-laundering prosecution against Jacqueline Fernandez, Sukesh Chandrashekhar and others, finding prima facie material for proceeding under Section 3 of the Prevention of Money Laundering Act, punishable under Section 4. The allegations concerned proceeds of crime generated through extortion, cheating, impersonation and criminal intimidation, and their concealment, layering and projection as untainted property. In the connected case, charges were also directed under MCOCA, the Information Technology Act and related penal offences for organised crime and personation of public servants.
    May 30, 2026
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    Limited trade arrangement shapes India-EAEU free trade talks as negotiations on product-group liberalisation gain momentum.
    India and the Eurasian Economic Union are discussing a limited and temporary trade arrangement covering selected groups of goods as part of negotiations for a proposed free trade agreement. The arrangement is being considered as a product-group-based free trade zone rather than a full liberalisation package. The trade liberalisation process has gathered momentum, with Terms of Reference signed to launch negotiations and the first round of talks already held.
    May 30, 2026
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    Database activity monitoring strengthens regulated sectors with real-time visibility, privileged access control, and compliance-ready audit trails.
    Database Activity Monitoring platform for regulated organisations is presented as a security and compliance tool designed to address the lack of continuous, forensic-grade visibility at the database layer. It monitors query-level activity, privileged access, insider threats, and SQL behaviour in real time, while generating immutable audit trails and supporting forensic session replay and behavioural analytics. The platform operates through a fully on-premises, air-gap architecture, keeps data within the customer's infrastructure, and is aligned with major regulatory and security frameworks through audit logging, retention, access monitoring, and incident reporting.
    May 30, 2026
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    On-screen marking irregularities draw allegations of tender manipulation, with calls for a CBI probe and ministerial accountability.
    Congress leaders alleged serious irregularities in CBSE's introduction of the On-Screen Marking System for Class 12 exams and the award of the related contract. They questioned changes in tender conditions on bidder eligibility, turnover, capability standards, data-centre requirements, and blacklisting safeguards, saying these revisions may have favoured a particular vendor. They demanded accountability from the Education Minister and called for a full CBI probe and an independent judicial inquiry.
    May 30, 2026
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    Cautious resilience in India's macroeconomic outlook as external shocks, monsoon risk and inflation pressures demand policy agility.
    India's near-term macroeconomic outlook reflects cautious resilience amid likely moderation in economic activity, a below-normal monsoon risk, and persistent external and inflationary pressures. Domestic fundamentals remain broadly intact, supported by expansionary PMI readings, stable labour markets and foreign exchange reserves, while global headwinds from the West Asia conflict, elevated energy prices and tighter financial conditions continue to weigh on the outlook. Policy will need to remain agile across monetary, fiscal and structural dimensions to safeguard growth and keep inflation anchored.
    May 30, 2026
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    Gold exchange and import duty shape India's high gold import demand as consumers seek transparent valuation and lower cost buys.
    India's gold imports remain high because domestic supply cannot meet demand for jewellery, investment, and seasonal purchases. Gold continues to serve as a cultural asset and family savings instrument, so demand persists even when prices rise. Rising prices and import duty have encouraged more consumers to use gold exchange, with organised jewellers gaining trust by offering transparent weighing, purity testing, separate stone valuation, and clear exchange practices that reduce dependence on freshly imported gold.
    May 30, 2026
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    Budget smartphone comparison highlights 4G affordability, 5G performance upgrades, and flexible Easy EMI purchase options.
    TECNO expanded its budget smartphone lineup in India with the launch of the TECNO Pop X and TECNO Pop X 5G, positioned for different user needs and price segments. The standard model is an affordable 4G phone for everyday use, while the 5G model offers a larger display, stronger processor, improved camera system, bigger battery, faster charging, and dual 5G connectivity. Both phones are available through Bajaj Finance partner stores and may be purchased on Easy EMIs with flexible repayment tenures.

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      News and Press Release

      NICDC Holds Workshop on BHAVYA Scheme and NTH–BIS Testing Infrastructure in New Delhi

      May 30, 2026

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      Consultation Sessions Held on Strengthening Implementation Framework of BHAVYA Scheme

      National Industrial Corridor Development Corporation Limited (NICDC), under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), organised a workshop on the BHAVYA Scheme Framework and NTH & BIS Testing Facilities at Vanijya Bhawan, New Delhi.

      The workshop was chaired by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, Shri Amardeep Singh Bhatia, and Secretary, Department of Consumer Affairs (DoCA), Government of India, Smt. Nidhi Khare. More than 100 representatives from 31 States and Union Territories participated in the session. The workshop was also attended by senior officials from DPIIT and DoCA, Industrial Development Corporations, State Special Purpose Vehicles (SPVs), Bureau of Indian Standards (BIS), National Test House (NTH), NICDC and other stakeholder agencies.

      Delivering the welcome and context-setting address, Chief Executive Officer & Managing Director, NICDC, Shri Rajat Kumar Saini, highlighted the importance of creating investment-ready industrial ecosystems supported by robust infrastructure, quality assurance mechanisms and efficient institutional frameworks. He noted that initiatives aimed at developing world-class industrial parks and strengthening testing and certification infrastructure would contribute significantly towards the vision of Viksit Bharat@2047, Make in India, PM GatiShakti National Master Plan and the National Logistics Policy.

      The workshop was organised in two sessions. The first session focused on quality infrastructure and testing facilities. It included an address by Secretary, Department of Consumer Affairs, Smt. Nidhi Khare, followed by a presentation by Director General, National Test House (NTH), Dr. Alok Srivastav, on commercial testing of products and establishment of NTH laboratories. This was followed by a presentation by Deputy Director General, Bureau of Indian Standards (BIS), Shri Harmohan Jit Singh Pasricha, on the Quality Control framework, including Quality Control Orders (QCOs). The session concluded with an interactive discussion with participating States, Union Territories and stakeholder institutions.

      During the session, National Test House showcased its expanding testing and quality assurance ecosystem, including capabilities in emerging areas such as drone certification, EV battery testing, aerospace components, solar equipment and organic food testing. NTH also highlighted its ongoing collaboration with NICDC to establish testing facilities and sample collection centres within industrial corridor projects, enabling industries to access testing and certification services closer to manufacturing locations. Appreciating NICDC’s industrial infrastructure, NTH noted that the industrial nodes provide an enabling environment for deployment of testing and certification facilities.

      The Bureau of Indian Standards presented the evolving national quality infrastructure framework and highlighted the growing network of standards, certification systems, Quality Control Orders (QCOs) and laboratory infrastructure supporting industrial development. BIS emphasised that greater adoption of standards and quality compliance would enhance product reliability, facilitate market access, improve export competitiveness and strengthen investor confidence in India’s manufacturing ecosystem.

      The second session focused on the BHAVYA Scheme framework and implementation roadmap. The session commenced with an address by Secretary, DPIIT, Shri Amardeep Singh Bhatia, followed by a detailed presentation on the BHAVYA Scheme framework covering scheme objectives, implementation structure, eligibility conditions, land requirements, SPV structures, funding provisions and the role of implementing agencies. The presentation was well received by participants and queries raised during the session were addressed.

      Secretary, DPIIT, Shri Amardeep Singh Bhatia, emphasised that the success of BHAVYA would be measured not merely by creation of infrastructure but by the extent to which industrial parks attract investors and become operational manufacturing hubs. He urged States and Union Territories to prepare investor-centric proposals, highlighting competitive advantages, ease of doing business measures and supporting ecosystems that would enable industries to commence production within a reasonable timeframe.

      He further encouraged States and Union Territories to submit implementation-ready proposals and noted that project evaluation would focus on long-term industrial viability and investment potential. He reiterated that the scheme seeks to create industrial parks where infrastructure readiness translates into rapid investment grounding, manufacturing activity, employment generation and export competitiveness.

      Joint Secretary, DPIIT, Smt. Gurneet Tej, highlighted that the scheme has been designed with a strong focus on immediate operability and investment readiness. She encouraged States and Union Territories to identify sector-specific industrial parks, undertake parallel investor outreach activities and align infrastructure planning with the requirements of targeted industries to facilitate faster grounding of investments. She also noted that the flexibility built into the scheme should be leveraged to develop industrial parks based on local strengths, connectivity advantages and existing industrial ecosystems.

      Chief Executive Officer & Managing Director, NICDC, Shri Rajat Kumar Saini, made a detailed presentation on the General and Operational Guidelines of the Bharat Audyogik Vikas Yojana (BHAVYA) Scheme. The presentation covered key provisions of the scheme, including eligibility criteria, challenge-mode selection process, implementation framework, funding structure, release of funds, monitoring mechanism, timelines, evaluation matrix, focus on social infrastructure and the framework for private developer-led industrial parks. Detailed clarifications were provided on the scheme guidelines and operational aspects to enable States and Union Territories to prepare quality proposals. States and Union Territories were also requested to examine the guidelines and provide inputs, suggestions and clarifications for consideration.

      A separate presentation by NICDC focused on preparation and submission of Detailed Project Reports (DPRs) for projects proposed under BHAVYA. It covered project identification, land readiness, infrastructure planning, multimodal connectivity, utility provision, institutional arrangements, appraisal processes and documentation requirements. The presentation was followed by detailed discussions with stakeholders on practical implementation issues and suggestions for strengthening the scheme guidelines.

      Chief Executive Officer & Managing Director, NICDC, Shri Rajat Kumar Saini, also demonstrated the BHAVYA portal and requested States and Union Territories to furnish the requisite information through the portal.

      The workshop concluded with a call to State Governments and Union Territories to identify suitable projects, prepare robust DPRs, establish clear institutional mechanisms and ensure timely implementation of projects under BHAVYA.

      BHAVYA, notified by the Government of India on 10 April 2026, with operational guidelines issued on 23 May 2026, is a transformative national initiative with an outlay of ₹33,660 crore aimed at developing 100 investment-ready, plug-and-play industrial parks across the country. The scheme seeks to create complete industrial ecosystems with ready infrastructure, multimodal connectivity, reliable utilities, smart services, logistics access, investor facilitation mechanisms and sustainable industrial planning.

      A key feature of BHAVYA is its inclusive and partnership-based approach, enabling participation from State Governments, Union Territories, Central Public Sector Undertakings and the private sector. The scheme marks an important step towards broadening industrial infrastructure development in the country while leveraging private sector efficiency, investment capacity and project execution expertise.

      NICDC, with its experience in developing integrated industrial corridors and smart industrial cities under the National Industrial Corridor Development Programme, is well positioned to support implementation of BHAVYA. Its work on projects such as Dholera, AURIC, Vikram Udyogpuri, Integrated Industrial Township Greater Noida and other corridor nodes provides a strong foundation in master planning, trunk infrastructure development, multimodal connectivity, SPV-based implementation, investor facilitation and creation of plug-and-play industrial ecosystems.

      As BHAVYA is at an early stage of implementation, the workshop provided a valuable platform for stakeholders to share practical inputs on eligibility, land requirements, DPR preparation, institutional structures, appraisal mechanisms and project implementation. The interactions and suggestions received during the workshop are expected to support smooth, effective and time-bound implementation of the scheme.

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