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    June 1, 2026
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    June 1, 2026
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    June 1, 2026
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    June 1, 2026
    Chhattisgarh liquor 'scam': ED attaches assets worth over Rs 1,000 cr, names 4 more accused
    Show AI Summary
    Money laundering probe in alleged Chhattisgarh liquor scam leads to major asset attachments and four fresh accused
    Properties worth more than Rs 1,000 crore were provisionally attached under the Prevention of Money Laundering Act in connection with the alleged Chhattisgarh liquor scam, on the basis that the probe had identified proceeds of crime exceeding Rs 2,883 crore. The investigation alleged manipulation of the excise system through inflated procurement rates, unaccounted liquor manufacture and commission extraction through FL-10A licences. The attachment orders covered properties linked to Vikas Agrawal and alleged benami properties of Dhebar, Hotel Westinn Goa, and financial assets of three FL-10A licence-holder companies. A fresh supplementary prosecution complaint named four additional accused.
    June 1, 2026
    IDFC First Bank 'fraud': ED makes 3rd arrest in Rs 645-crore embezzlement case
    Show AI Summary
    Money laundering investigation under the Prevention of Money Laundering Act turns on alleged layering and concealment of public funds.
    Money laundering investigation under the Prevention of Money Laundering Act concerns alleged embezzlement of public funds from bank accounts linked to government departments and private schools. The investigation records an arrest for allegedly receiving proceeds of crime and participating in the generation, layering and concealment of laundered funds. It also alleges use of shell entities, jewellers and linked accounts to route, distribute and invest the proceeds, while the money trail and related assets are being traced.
    June 1, 2026
    Britain's steel safeguard, carbon tax sticking points in implementation of India-UK trade pact: Sources
    Show AI Summary
    Steel safeguard and carbon border adjustment issues are emerging as key sticking points in India-UK trade pact implementation.
    India and the United Kingdom are expected to discuss Britain's steel safeguard measure and proposed carbon border adjustment mechanism as implementation issues under the bilateral trade pact. The reported concern is that UK restrictions on tariff-free steel imports and the planned carbon pricing on carbon-intensive goods have become sticking points, prompting India to consider re-balancing duty concessions, including those on Scotch whisky, if the matters are not addressed.
    June 1, 2026
    India-Oman FTA comes into force; textiles, eng, gems, jewellery get duty-free access
    Show AI Summary
    Duty-free market access expands under India-Oman trade pact, boosting exports, services commitments and skilled professional mobility.
    Duty-free market access under the India-Oman Comprehensive Economic Partnership Agreement has come into force, granting duty-free entry for 99.38 per cent of India's exports by value and covering textiles, engineering products, gems and jewellery, pharmaceuticals and electronics. The arrangement also provides quota-based tariff concessions on selected Omani exports to India, while India has withheld concessions in several sensitive sectors. The pact further expands services commitments and skilled-professional mobility, and contemplates future discussions on social security continuity. Pharmaceutical access is reinforced through binding zero-duty treatment and streamlined marketing authorisation conditions.
    June 1, 2026
    UK Trade Secretary Peter Kyle to visit India to ramp up FTA implementation
    Show AI Summary
    Trade liberalisation and market access drive India-UK FTA implementation talks in New Delhi.
    UK Business and Trade Secretary Peter Kyle is scheduled to visit New Delhi to accelerate implementation of the India-UK Comprehensive Economic and Trade Agreement and bring the bilateral Free Trade Agreement into force as quickly as possible. The visit is intended to advance the modern economic partnership, support businesses and consumers, and prepare industry for the agreement's entry into force through wider trade opportunities and tariff liberalisation.
    June 1, 2026
    Most aspects finalised in trade pact with US; talks now focus on minor issues, commas, full stops: Goyal
    Show AI Summary
    Bilateral trade agreement talks focus on final drafting, tariff recalibration, and broader market access negotiations.
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    Show AI Summary
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    June 1, 2026
    Central Government temporarily exempts all customs duties on import of cotton from 1st June, 2026 till 31st October, 2026
    Show AI Summary
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    June 1, 2026
    India and Oman energize a new Trade Gateway through a landmark Comprehensive Economic Partnership Agreement (CEPA)
    Show AI Summary
    India-Oman CEPA expands duty-free access, services commitments and trade facilitation across goods, investment and professional mobility.
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    June 1, 2026
    Rupee falls 10 paise to close at 94.95 against US dollar
    Show AI Summary
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    June 1, 2026
    Clayfin Expands into Voice AI Capabilities with Strategic Acquisition of Louie Voice
    Show AI Summary
    Voice AI banking expands accessibility as Clayfin acquires Louie Voice to enable simpler digital transactions.
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    June 1, 2026
    India, Oman free trade pact comes into force
    Show AI Summary
    Comprehensive Economic Partnership Agreement opens preferential market access for Indian exporters in Oman across key sectors.
    India and Oman have brought into force their Comprehensive Economic Partnership Agreement, enabling preferential market access in Oman for Indian exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods and agri-items. The agreement was signed in Muscat on 18 December 2025 and entered into force on 1 June 2026, after completion of internal processes by both parties.
    June 1, 2026
    D. Y. Patil Deemed to be University Online Launches India’s First Online MBA in Product Management Alongside New-Age Programs in Fintech and AI
    Show AI Summary
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    June 1, 2026
    India’s seafood exports hit record high in 2025–26: Official
    Show AI Summary
    Seafood exports record growth as frozen shrimp drives India's overseas earnings and major markets stay strong.
    India's seafood exports reached a record level in 2025-26, with frozen shrimp remaining the dominant export item and the main contributor to foreign exchange earnings. The Marine Products Export Development Authority reported that the United States, China, the European Union and Southeast Asia were major markets, while frozen fish, dried products, squid, cuttlefish, chilled products and live products also contributed to export earnings. Visakhapatnam Port, Jawaharlal Nehru Port Trust and Kochi Port were the leading ports handling seafood cargo.
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    Show AI Summary
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    Anondita Medicare Limited Secures First Export Order Worth INR 43.14 Crore Under South African Government Condom Tender Program
    Show AI Summary
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    Exato Technologies Limited Reports 35% Revenue Growth and 67% PAT Growth YoY in FY26; Builds a Record INR 600 Crore Order Book
    Show AI Summary
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    June 1, 2026
    GST collections grow 3.2 pc in May to Rs 1.94 lakh cr
    Show AI Summary
    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.

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      India, Oman free trade pact comes into force

      June 1, 2026

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      New Delhi, June 1 (PTI) The free trade agreement between India and Oman came into force on Monday, Commerce and Industry Minister Piyush Goyal said.

      The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods, and agri-items, as they gain preferential access to the Omani market over competitors, Goyal said.

      "The India-Oman Comprehensive Economic Partnership Agreement is entering into force from today," the minister told reporters here.

      The free trade pact was signed on 18th December 2025 in Muscat.

      Upon completion of internal processes by both parties, the Agreement entered into force on 1st June, 2026.

      To mark the entry into force, about 10 consignments of agriculture and gems and jewellery products from Mumbai, Kolkata and Chennai were shipped to the Gulf nation under the preferential tariffs.

      Oman is India's second-largest trading partner in the Gulf region and serves as a strategic gateway to the wider GCC market through its advanced port infrastructure.

      Bilateral trade between India and Oman reached USD 11.18 billion in FY 2025-26, up from USD 10.61 billion in FY 2024-25. PTI RR DR MR

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