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    TCS case chargesheet: Victim says she was made to watch videos of Pakistani Islamic clerics
    Rupee rises 2 paise to close at 95.74 against US dollar
    Gold's seesaw ride goes on as oil retreat spurs recovery
    APEDA Facilitates First-Ever Sea Shipment of Botanical-Infused Millet Functional Foods from Karnataka to New Zealand
    FEMA case against Myntra closed following compounding: ED
    RBI governor to announce interest rate decision on Friday
    Minister of State for Commerce and Industry Shri Jitin Prasada Inaugurates Global Business Research Conference 2026 at IIFT
    India Emerges as World's Most Trusted Investment Destination: Union Minister of Commerce and Industry Shri Piyush Goyal at Citi India Conference 2026
    Stock markets end flat ahead of RBI's monetary policy decision
    Rupee falls 7 paise to close at 95.83 against US dollar
    Maruti Suzuki launches India's 1st Flex Fuel car
    Congress raises questions on 'substantial' LIC stake in firm under SEBI scanner
    Rupee trades in narrow range against US dollar in early trade
    Resilience by Design: Lessons from India’s Banking Sector - Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on June 1, 2026, a...
    IEPFA and SEBI to Organise ‘Niveshak Shivir’ in Bhopal on 5th June
    NPCI International and ACLEDA Bank Launch Cross-Border UPI Payments in Cambodia via KHQR, Cambodia’s National QR Code
    CBSE says 3.8 million-packet DoS attack on website thwarted
    CBI arrests I-T officer for taking Rs 4,000 bribe for deleting duplicate PAN record
    Five held for impersonating police
    Rupee falls 40 paise to close at 95.76 against US dollar
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    News
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    June 4, 2026
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    Psychological and religious coercion allegations drive chargesheet in TCS Nashik harassment and conversion case
    Sexual harassment and alleged forcible conversion allegations at TCS's Nashik unit are reflected in the chargesheet filed in a case registered at Deolali Camp police station on a complaint by a 23-year-old employee. The document records statements that the accused used psychological and religious persuasion under the guise of reducing mental stress, including pressure to watch Islamic preaching videos, recite prayers, stop listening to Hindu devotional songs, visit temples less, and accept Islam. The victim further stated that one accused exploited her on the pretext of marriage and had obtained details of her bank accounts and UPI PIN.
    June 4, 2026
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    Foreign exchange market volatility lifts the rupee slightly as crude eases and policy expectations build.
    The rupee appreciated modestly against the US dollar as easing global crude oil prices supported the currency, while heightened geopolitical tensions in West Asia limited sharper gains through safe-haven demand. Traders linked the exchange-rate movement to energy volatility, external risk sentiment and expectations around the upcoming monetary policy decision, with inflation, growth and the rupee under watch.
    June 4, 2026
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    Gold prices rebound on easing crude oil, while West Asia uncertainty and policy signals keep precious metals volatile.
    Gold prices resumed their volatile movement and rose above the Rs 1.6 lakh per 10 grams mark as easing crude oil rates provided support. Silver extended losses for a second straight session, while market participants tracked West Asia uncertainty, tighter US monetary policy expectations, unresolved US-Iran negotiations, and the Reserve Bank of India's policy decision for further direction.
    June 4, 2026
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    Value-added millet exports gain momentum as APEDA facilitates a first sea shipment of botanical-infused foods to New Zealand.
    APEDA facilitated the first-ever sea shipment of botanical-infused ready-to-cook millet functional foods from Karnataka to New Zealand, marking an expansion in India's value-added agri-food export basket. The export reflected rising international demand for innovative millet-based products and was linked to APEDA-supported trade promotion and business networking initiatives. The release highlights APEDA's role in export promotion through trade fairs, capacity-building and market development programmes, and notes the potential of value-added millet exports to support farmer incomes and strengthen the millet value chain.
    June 4, 2026
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    FEMA compounding mechanism resolves alleged foreign exchange contraventions through RBI order and ED no objection
    Foreign exchange management proceedings were initiated for alleged contraventions of FEMA arising from transactions of significant value, and the company applied to the Reserve Bank of India for compounding under the statutory framework. The Enforcement Directorate issued a no objection, after which the Reserve Bank passed a compounding order and the matter was treated as compounded on payment of the prescribed monetary amount.
    June 4, 2026
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    Repo rate pause expected as inflation risks and growth concerns shape the central bank's cautious policy stance.
    Monetary policy decision is expected to keep the repo rate unchanged, with the Reserve Bank adopting a cautious stance because the West Asia conflict is adding pressure to both inflation and economic growth. Market participants broadly expect a pause in rates at the upcoming Monetary Policy Committee meeting, though some foresee a modest increase, and many anticipate policy tightening later in the fiscal year if inflation risks intensify.
    June 4, 2026
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    Business research conference highlights trade resilience, artificial intelligence, BRICS and evidence-based policy for global competitiveness.
    Global Business Research Conference 2026 at IIFT focused on managing business amid worldwide turbulence, with discussions on trade, manufacturing, innovation, technology, business education and evidence-based policy inputs. The programme included Directors' Conclaves, technical sessions across multiple management and policy disciplines, a special discussion on BRICS, a doctoral colloquium and awards recognising outstanding research contributions.
    June 4, 2026
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    Trade agreements and regulatory reform drive India's push for manufacturing growth, investor confidence and industrial infrastructure expansion.
    India's trade and investment strategy was described as centred on expanding free trade agreements, investor outreach and market access, while supporting manufacturing growth, talent mobility and long-term capital flows. The address highlighted the Jan Vishwas Act 2.0, which decriminalized nearly 1,000 offences across central laws, and referred to the activation of four labour codes to simplify compliance. It also noted major infrastructure investment, the Bhavya Scheme for 100 industrial parks, and policy support for semiconductors, secure data infrastructure and data centre incentives.
    June 4, 2026
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    Monetary policy caution keeps equities flat amid West Asia tension, elevated crude and foreign fund outflows
    Indian equity benchmarks ended almost flat in choppy trade as investors stayed cautious amid West Asia uncertainty, weak global cues, elevated crude prices and persistent foreign fund outflows. Benchmarks recovered from an early decline after buying emerged near key support levels, but sentiment remained subdued ahead of the monetary policy decision, with foreign institutional investors continuing to sell equities.
    June 4, 2026
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    Rupee depreciation on West Asia tensions keeps forex market cautious ahead of RBI policy decision
    The rupee weakened against the US dollar amid heightened geopolitical tensions in West Asia, with traders citing energy-price volatility, safe-haven demand, elevated crude oil prices and firm US treasury yields as pressure points on the domestic currency. Market participants also tracked the Reserve Bank of India's Monetary Policy Committee meeting, with inflation, growth and the rupee under review and expectations that the policy rate may be left unchanged.
    June 4, 2026
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    Flex-fuel technology in passenger cars advances energy security, ethanol adoption, and lower emissions through wider fuel-blend compatibility.
    India's first flex-fuel passenger car was launched with ethanol-blended fuel compatibility, engineered to operate on fuel blends ranging from E20 to E100. The vehicle uses advanced ECU calibration to adapt to different ethanol and petrol mixtures, reflecting the introduction of flex-fuel technology in a mainstream model and the expansion of alternate-fuel mobility beyond CNG and LPG. The launch was presented as part of a broader energy-transition agenda aimed at strengthening energy security, reducing crude oil import dependence, supporting biofuel use, lowering emissions, and promoting rural prosperity.
    June 4, 2026
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    Financial statement misrepresentation and fund diversion trigger interim market regulator action, disclosure directions, and trading restraint.
    SEBI initiated interim action over alleged large-scale misrepresentation in Rajesh Exports Ltd.'s financial statements, diversion of funds through personal and related accounts, and non-cooperation in furnishing records. The regulator directed true and fair disclosures under the LODR framework, noted the company's inadequate response to repeated summons, and cited auditor non-cooperation. It also identified Rajesh Mehta as the key decision-maker and restrained him from dealing in the company's securities until further orders, while requiring cooperation and a fresh forensic audit.
    June 4, 2026
    Show AI Summary
    Rupee pressure from equity outflows and crude-linked import costs keeps forex sentiment weak amid global tensions.
    The rupee traded in a narrow range against the US dollar as equity outflows, West Asia tensions and energy-import concerns pressured sentiment. Persistent foreign fund outflows, higher crude-linked dollar demand and outward foreign payments added to pressure on the domestic currency, while market attention shifted to the RBI Monetary Policy Committee decision amid a weakening rupee and elevated oil prices.
    June 4, 2026
    Show AI Summary
    Banking resilience through transparent stress recognition, stronger supervision and adaptive regulation shapes India's financial stability approach.
    Banking resilience is an institutional project that must be built before stress emerges, through transparent recognition of stress, balance sheet repair, stronger supervision, calibrated regulation and disciplined conduct within banks. Timely recognition of asset quality problems changes incentives across banks, borrowers, supervisors and markets, while delayed recognition increases the eventual burden of resolution. Regulation and supervision must remain risk-based, adaptive and attentive to governance, technology risk, cyber resilience, customer conduct and emerging vulnerabilities.
    June 4, 2026
    Show AI Summary
    Investor facilitation through Niveshak Shivir enables direct help for unclaimed dividends, shares, KYC updates, and grievance redressal.
    Investor facilitation is being organised through a one-day Niveshak Shivir in Bhopal by the Investor Education and Protection Fund Authority and the Securities and Exchange Board of India. The camp is designed as a one-stop platform for investor services, with direct assistance for issues relating to unclaimed dividends and shares, including claims connected with holdings remaining unclaimed for six to seven years. It also provides on-the-spot KYC updation, nomination-related services, and immediate support for pending claim-related issues.
    June 4, 2026
    Show AI Summary
    Cross-border UPI acceptance in Cambodia expands QR payments and sets up a two-way India-Cambodia payment corridor.
    UPI acceptance has been launched in Cambodia through NPCI International and ACLEDA Bank Plc. using Bakong's KHQR, enabling Indian travellers to make QR-based payments at Cambodian merchants in the first phase. The arrangement is intended to expand into a two-way corridor, allowing Cambodian users to scan UPI QR codes in India and creating interoperable cross-border digital payments.
    June 4, 2026
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    Online verification and re-evaluation process for Class 12 answer books operates through Aadhaar-based login, secure payment gateways, and strict digital submission rules.
    CBSE's online portal for verification of issues in scanned answer books and re-evaluation of Class 12 board examination answers permits only students who have obtained scanned copies of their evaluated answer books to apply digitally within the notified period. The process is conducted entirely online through Aadhaar-based login, with applications accepted only after completion of payment and locked once the freeze-and-proceed option is used. The facility allows reporting of issues such as missing pages, blurred pages, incorrect answer books, and evaluation against a different question paper set, subject to the specified submission rules.
    June 3, 2026
    Show AI Summary
    Corruption allegation over duplicate PAN deletion leads to CBI trap, arrest and case under anti-bribery law.
    An Income Tax officer was allegedly caught accepting a bribe for deleting a duplicate PAN record after a CBI trap operation. A complaint was made after an alleged demand for a higher amount, and a case has been registered under the Prevention of Corruption Act.
    June 3, 2026
    Show AI Summary
    Police impersonation gang used kidnapping and digital fraud to extort money from victims.
    A five-member gang was arrested for allegedly committing kidnapping, extortion and cheating by impersonating police officers. The accused reportedly intercepted a victim, falsely claimed that a criminal case was pending against him, forcibly took him away, confined him, seized his mobile phone, ATM card and cash, and coerced him into disclosing banking credentials and passwords. A fake video call from a purported police officer was also used to reinforce the deception.
    June 3, 2026
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    Forced labour trade concerns weigh on the rupee as proposed additional duties and capital outflows hit sentiment
    The rupee weakened against the US dollar amid strong dollar demand, higher crude prices, foreign capital outflows and market risk aversion linked to proposed additional duties on Indian imports over forced labour concerns. The United States Trade Representative proposed additional duties under Section 301 investigations concerning forced labour and excess industrial capacity, while India is engaged with the United States on those issues and on an interim trade agreement.

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      Customs & Trade

      Following are the top foreign stories at 2030 hours

      June 2, 2026

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      FGN31 NEPAL-PARLIAMENT

      Nepal Parliament adjourned after protests over PM Balen's remarks on border issues Kathmandu: Both Houses of Nepal's Parliament were adjourned on Tuesday after lawmakers continued to obstruct proceedings over Prime Minister Balendra Shah's remarks about his country's border issues with India.

      FGN29 ISRAEL-DEFENCE-EXPORTS

      Israel defence exports hit record USD 19.2 bn in 2025 Jerusalem: Israel has broken its defence export record for the fifth consecutive year, registering USD 19.2 billion in sales in 2025, nearly 30 per cent increase compared to the previous year, the defence ministry said on Tuesday.

      FGN28 CHINA-SCIENTIST-CORRUPTION

      China's top map-making scientist held in anti-corruption sweep Beijing: China's leading cartographic scientist Zhou Chenghu, a former deputy director of the Institute of Geographic Sciences, has been detained by anti-corruption officials.

      FGN42 UN-BANGLADESH

      Bangladesh Foreign Minister elected President of 81st session of UN General Assembly United Nations: Bangladesh's Foreign Minister Khalilur Rahman was on Tuesday elected as the President of the 81st session of the UN General Assembly.

      FGN10 US-TRUMP-NETANYAHU

      Netanyahu calls off Lebanon raid after 'heated' call with Trump Washington: US President Donald Trump said he persuaded Prime Minister Benjamin Netanyahu to call off the strike on Beirut, following which the Israeli leader "turned his troops around".

      FGN11 UN-INDIA-PEACEKEEPERS

      Over 550 Indian peacekeepers in South Sudan awarded UN Medal of Honour United Nations: Over 550 Indian peacekeepers, including 53 women, serving with the UN Mission in South Sudan (UNMISS) were honoured for their dedication and commitment to protecting civilians and supporting peacebuilding efforts in the conflict-affected country.

      FGN21 LANKA-GOTABAYA

      Ex-Sri Lanka Prez Rajapaksa allowed to testify online on rights activists' disappearance hearing Colombo: Sri Lanka's former president Gotabaya Rajapaksa was on Tuesday allowed to testify online in a long-standing case about the disappearance of two rights activists in 2011.

      FGN16 US-HINDUPHOBIA-LAWMAKER

      Prominent US Congressman backs resolution condemning Hinduphobia, temple attacks Washington: A prominent US Congressman has endorsed a House resolution that celebrates the contributions of the Hindu-American community to the economy of the United States and condemns Hinduphobia, anti-Hindu bigotry and attacks on the community's places of worship.

      FGN8 US-INDIANS-ARRESTED

      30 Indians living and working illegally in US as truck drivers arrested, will be deported New York: About 30 individuals from India, found to be living in the US illegally and working as commercial truck drivers, have been arrested as part of a federal operation and will soon be deported.

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