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    SC sets aside NCLAT order which rejected Amazon's appeal
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May 27, 2026
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Anti-trust challenge over Amazon's investment deal leads to setting aside of penalty and deal suspension orders.
Challenge to anti-trust action concerning Amazon's investment deal with Future Group. The Supreme Court set aside the NCLAT order that had rejected Amazon's appeal, and also set aside the Competition Commission of India's order imposing a penalty and suspending the deal. The Court further directed refund of any amount deposited or recovered from Amazon pursuant to the impugned orders within eight weeks.
May 27, 2026
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Merger approval and share issuance in the absorption of Indovida India into EPL Limited in the packaging sector.
Competition Commission of India approved the proposed merger of Indovida India Private Limited with and into EPL Limited by way of absorption. EPL, as the post-merger resultant entity, is to issue and allot shares on a proportionate basis to the shareholders of Indovida India in consideration of the merger. Indovida India is a wholly owned subsidiary within the Indorama group, while EPL is engaged in the manufacture and sale of packaging products.
May 27, 2026
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Joint venture approval for commodities trading entity reflects CCI clearance of the Mercuria-Tata combination.
Competition Commission of India approved the creation of a joint venture company between Mercuria Energy Netherlands B.V. and Tata International Singapore (Pte) Ltd., including the associated pre-closing restructuring and transfers. The target is to be established in the Dubai International Financial Centre, United Arab Emirates, as a commodities trading and investment entity. The joint venture is proposed to trade commodities through subsidiaries in various jurisdictions, including India.
May 27, 2026
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Strategic disinvestment through competitive bidding led to approval of the highest bidder as strategic buyer for full equity sale.
Strategic disinvestment of Indian Medicines Pharmaceutical Corporation Limited was implemented through a two-stage open competitive bidding process for sale of 100% equity shareholding with transfer of management control. After Expressions of Interest, due diligence, security clearance, and issuance of the Request for Proposal and Share Purchase Agreement, two financial bids were received and evaluated as technically qualified. The highest bidder, M/s. Skymap Pharmaceuticals Private Limited, emerged above the reserve price and was approved as the strategic buyer.
May 27, 2026
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Regional rural bank performance review emphasizes digital banking expansion, financial inclusion, and stronger asset quality in rural areas.
Review of the performance of North-Eastern Regional Rural Banks focused on business results, implementation of Government and State schemes, and the operational priorities expected of the sector. The Secretary, Department of Financial Services noted the role of RRBs in the rural economy, their wide rural presence, public trust, and the need to sustain improvement in profits, asset quality, and loan diversification. The review also highlighted sponsor bank support, digital banking expansion, and deeper financial inclusion in unbanked and underserved rural areas.
May 27, 2026
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Bilateral trade cooperation deepens as India and Canada reaffirm CEPA talks, investment ties, and trade expansion goals.
Bilateral trade and investment cooperation between India and Canada were advanced through high-level meetings focused on strengthening business ties, technology partnerships, and negotiations for a Comprehensive Economic Partnership Agreement. The two sides reaffirmed their shared objective of expanding bilateral trade to USD 50 billion by 2030 and concluding CEPA talks by the end of the year, while also signalling continued engagement through ministerial dialogue and an upcoming trade mission to India.
May 27, 2026
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Currency stability concerns shape rupee movement as crude prices, dollar demand and RBI policy expectations weigh on markets.
The rupee weakened in early trade amid higher crude oil prices and renewed US-Iran geopolitical tensions, with safe-haven demand lifting the dollar. Market attention shifted to the upcoming RBI Monetary Policy Committee meeting, where traders debated whether currency stability may be prioritised alongside inflation management and whether monetary measures could be used to support the rupee and attract inflows.
May 27, 2026
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Money laundering investigation under the Prevention of Money Laundering Act led to searches over alleged improper CMRL payments.
Enforcement Directorate conducted searches at multiple premises in Kerala in connection with a money laundering investigation under the Prevention of Money Laundering Act, including premises linked to Cochin Minerals And Rutile Ltd and the residence of former chief minister Pinarayi Vijayan. The case concerns allegations that CMRL made payments to Exalogic Solutions despite no services being rendered, following a complaint by the Serious Fraud Investigation Office.
May 27, 2026
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LNG export deal supports Canada's trade diversification as Ksi Lisims advances toward investment decision.
Canada has agreed to export liquefied natural gas to Germany through the proposed Ksi Lisims export facility on the British Columbia coast. The arrangement with Germany's SEFE group contemplates annual exports of up to 1 million metric tons of LNG. The project already holds the necessary permits, but a final investment decision has not yet been made, and securing offtake agreements remains a key step before construction can begin.
May 26, 2026
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Comprehensive economic partnership negotiations between India and Canada move toward early conclusion, covering goods, services and investment.
India and Canada are negotiating a proposed Comprehensive Economic Partnership Agreement in mission mode, with both sides expressing optimism that the trade pact could be concluded before the end of 2026 and possibly by October or before the G20 Summit. The talks have resumed after a pause in 2023, two rounds have been completed, and the third round is underway in Ottawa, with the stated objective of finalising a comprehensive economic partnership covering goods, services and investment.
May 26, 2026
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Perpetual lease termination and due process concerns arise over proposed possession of Delhi Gymkhana Club premises.
Termination of the Delhi Gymkhana Club's perpetual lease and the proposed handover of the premises were challenged on the ground that the stated defence-infrastructure rationale lacked genuine public purpose, that the action was contrary to Article 300A, and that compensation had not been addressed. The Centre stated that any eviction would be undertaken only in accordance with law and after due notice, with compensation possibly by money or alternative land. In view of that statement and the absence of material showing eviction proceedings, no interim directions were considered necessary at that stage.
May 26, 2026
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Money laundering investigation linked to alleged drug smuggling syndicate prompts searches in Chennai and Madurai.
Enforcement Directorate searches were conducted in Chennai and Madurai in a money laundering investigation linked to an alleged syndicate said to have smuggled drugs from India to Sri Lanka by sea. The case arises from Directorate of Revenue Intelligence cases concerning seizure of hashish from a fishing boat and recovery of methamphetamine at Madurai railway station. Britto was described as the alleged mastermind of the syndicate, with fishermen and boat owners allegedly used for transportation through Indian waters.
May 26, 2026
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Geopolitical uncertainty drives gold lower as investors await peace talks, inflation data, and central bank signals.
Gold prices declined in the domestic market as investors moved toward the US dollar amid renewed uncertainty over West Asia peace talks and military tensions between Washington and Tehran. Silver moved higher, leaving precious metals in a state of consolidation, while market participants stayed cautious and awaited clearer geopolitical signals. Analysts said crude oil, inflation expectations, Treasury yields, and upcoming US economic data would influence near-term bullion movement.
May 26, 2026
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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.

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CBSE OSM row: Congress seeks CBI probe into 'emerging scandal', Pradhan's resignation

May 30, 2026

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New Delhi, May 30 (PTI) The Congress on Saturday alleged an "astonishing mix of incompetence, corruption, and callousness" marked the CBSE's planning and implementation of the Class 12 Board exams, reiterating its demand for Education Minister Dharmendra Pradhan's resignation and a full CBI probe into the "emerging scandal".

Senior Congress leader Jairam Ramesh flagged two investigations -- one by CBSE Class 12 student Sarthak Sidhant and another by a newspaper -- and said they had raised fresh questions over the CBSE's intent and preparedness in introducing the On-Screen Marking System (OSM) for the Class 12 Board exam.

In a post on X, Ramesh referred to media reports and posted 10 questions, saying parents and students were seeking answers from Prime Minister Narendra Modi, "who is, according to the Solicitor General, personally supervising this mess".

Why was the CBSE so insistent on introducing OSM that it rushed the process within 74 days before the board exams, Ramesh asked.

Pointing out that the CBSE had flagged at least 36 technical, operational, and evaluation-related concerns from the OSM dry run it conducted in five Delhi schools, he asked why these concerns were not acted upon before the exams.

"The CBSE issued three RFPs to award the contract for the OSM system. Why was the proviso that disqualified bidders with a past record of poor performance removed in the third RFP? Was this done to favour COEMPT, which had previously been blacklisted in Telangana?" Ramesh said.

Why was the proviso, which prohibited bidders who were previously blacklisted, watered down to exclude only bidders who were currently blacklisted, he further asked.

"Was the minimum company turnover for the bidder specifically set at Rs 50 crore to enable COEMPT (which had a three-year average turnover of 50.86 crores) to qualify for the contract?" Ramesh said.

He also questioned the dilution of the Capability Maturity Model Integration level for contractors from Level 5 to Level 3.

Why was the project criteria changed to favour vendors who have smaller, fragmented university contracts over vendors having experience with large student counts, Ramesh asked.

"Why were the RFP provisions changed from favouring contractors having their own data centres to those having MeitY empanelled data centres? Was this done to systematically favour COEMPT, which used AWS (MeitY empanelled) over TCS (which has its own data centers)? Why did the CBSE give up its right to blacklist the contractors in case the contractors made mistakes?" the Congress general secretary in charge of communications said.

Why was the technical and operational capability of the score matrix modified to favour fragmented vendors, Ramesh asked.

"It is increasingly clear that an astonishing mix of incompetence, corruption, and callousness went into the CBSE's planning and implementation of the Grade 12 Board Exams. Mantri Pradhan must resign, and a full CBI investigation must be conducted into this emerging scandal," Ramesh said.

Congress leader Rahul Gandhi had on Friday said that Prime Minister 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.

In a post on X, Gandhi had said he had been demanding an independent judicial probe from day one into the CBSE's on-screen marking and the award of the contract to COEMPT, as the youth of the country deserved to know the truth.

Gandhi had shared media reports and called upon people to read them carefully.

"CBSE called for OSM tenders thrice. Zero bids the first time. No qualified bidder the second time. And finally, the technical bar was lowered until COEMPT could clear it. Scanning resolution cut. Robotic scanner requirement dropped. CMMI certification lowered from Level 5 to Level 3. Penalties for errors in answer sheets removed.

"TCS, India's biggest IT services company, qualified in the third round too. TCS lost. COEMPT - a company with a spectacular track record of failure - won. And what are CBSE students complaining about today? Badly scanned answer sheets. Missing pages. A broken evaluation portal," he had said. PTI ASK RHL

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