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    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
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    Indo-US trade deal almost done, just 1 pc sticking points under discussion: Ambassador Gor
    Cabinet approves Rs 10,000 cr jet fuel stabilisation fund to ease airline cost pressures
    CCI approves proposed combination related to restructuring of UPL group companies and others
    CCI approves acquisition of Macquarie AirFinance by Dubai Aerospace Enterprise (DAE) Ltd through DAE Eirecam Designated Activity Company
    Court formally frames charges against Jacqueline, Sukesh in money laundering case
    US proposes 12.5% tariffs on India, others on concerns over forced labour; India remains engaged in talks
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    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
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    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
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    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
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    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
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    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
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    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
    Show AI Summary
    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.
    June 3, 2026
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    Indo-US trade agreement nears finalisation as negotiators work through remaining sticking points and interim pact details.
    India and the United States were said to be close to finalising an interim bilateral trade agreement, with only a small number of remaining issues under discussion after most elements had already been settled. The negotiations were described as focused on resolving the last sticking points so the pact could be signed and put into force. The report also noted United States Section 301 trade actions affecting multiple economies and stated that the resulting tariffs were applied globally rather than specifically against India.
    June 3, 2026
    Show AI Summary
    Fuel price stabilisation support approved to cushion airlines from aviation turbine fuel volatility and preserve air connectivity.
    A fuel price stabilisation mechanism has been approved to cushion scheduled Indian airlines against exceptional aviation turbine fuel volatility arising from the West Asia crisis. The arrangement provides a one-time, interest-free advance to state-owned oil marketing companies so that jet fuel can be supplied at a fixed or benchmark-linked price, with compensation payable to those companies when import parity prices rise above the government-determined benchmark. Participating airlines must buy ATF exclusively from oil marketing companies under supervised agreements, and the support is time-limited with recovery through a defined true-up mechanism.
    June 3, 2026
    Show AI Summary
    Group restructuring of UPL businesses approved for transfer of India and global crop protection verticals.
    The proposed combination concerns a group restructuring within the UPL corporate structure and was approved by the Competition Commission of India. The transaction comprises interconnected steps involving UPL Limited, UPL Sustainable Agri Solutions Limited, UPL Global Sustainable Agri Solutions Limited, UPL Crop Protection Holdings Limited, TPG Upswing Limited, Platinum Jasmine A 2018 Trust and Woodhall Holdings (DIFC) Limited, and is directed at reorganising the ownership and holding arrangements of the UPL group companies.
    June 3, 2026
    Show AI Summary
    Competition approval for aircraft leasing acquisition through a downstream holding structure in a proposed combination.
    The Competition Commission of India approved the proposed combination involving the acquisition of Macquarie AirFinance Limited by Dubai Aerospace Enterprise (DAE) Ltd through DAE Eirecam Designated Activity Company. The transaction was structured as an acquisition from the target's current shareholders, with DAE Eirecam described as a downstream holding of the acquirer.
    June 3, 2026
    Show AI Summary
    Money laundering and organised crime charges were framed amid allegations of impersonation, extortion, conspiracy and concealment of proceeds of crime.
    Charges were formally framed in a money laundering prosecution and in a separate organised crime case arising from allegations of impersonation, extortion, cheating, criminal intimidation and conspiracy. The accused, including Jacqueline Fernandez and Sukesh Chandrashekar, appeared in court and pleaded not guilty, claiming trial. The proceedings also covered charges under the Prevention of Money Laundering Act and, in the separate matter, offences under the IT Act and the Maharashtra Control of Organised Crime Act for alleged organised criminal activity and possession of unaccountable wealth.
    June 3, 2026
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    Forced labour import concerns drive proposed US tariff action on India amid pending Section 301 proceedings and trade talks
    The United States has proposed additional import duties of 12.5% on goods from 54 economies, including India, and 10% on six others, under pending Section 301 proceedings concerning imports of goods produced with forced labour. The measure remains unfinalised, with hearings, testimony summaries and written comments scheduled before any final decision. India says it remains engaged in the proceedings and in parallel bilateral trade talks, while the proposal also includes a special mechanism for textile and apparel products.

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      Corp. Laws / SEBI / IBC

      Nearly 44,000 applications filed for re-evaluation: CBSE

      June 3, 2026

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      New Delhi, Jun 3 (PTI) Nearly 44,000 students have availed the verification and re-evaluation facility for board exams and completed the application process till Wednesday morning, the Central Board of Secondary Education (CBSE) has said.

      The board said the online portal has received a total of 43,980 applications for verification and re-evaluation of answer sheets.

      "The portal has accepted 4,924 applications for verification and 39,056 applications for re-evaluation (total of 43,980) as of 12 noon today," the CBSE said in a post on X on Wednesday.

      It said payment gateways of the State Bank of India (SBI), Canara Bank, Bank of Baroda and Indian Bank are available on the verification and re-evaluation portal, adding that students are not required to have an account with these banks to complete the payment process.

      "Students need not have an account with these banks to complete payment but can use any of these payment gateways to make payments," the board said.

      "As of 9:30 am today, nearly 40,000 students have availed this facility and completed the application process successfully without any issues," it added.

      Candidates may use online payment options, including UPI, net banking, credit card and debit card, through the designated gateways, it said.

      "Please rely on official CBSE communications for correct information," the board added.

      The portal was launched after a delay, with the CBSE having earlier said filing applications for verification and re-evaluation of answer books was expected to begin by May 29.

      The development comes following concerns raised by some students and parents over the on-screen marking (OSM) system used by the board.

      The CBSE has faced criticism from students and parents over technical glitches, payment failures and access-related issues during the verification and re-evaluation process.

      The board launched the online portal on Tuesday for a verification of issues observed in scanned copies of answer books and re-evaluation of answers for students dissatisfied with their Class-12 board exam evaluation.

      According to the board, the facility is available only to those students who have obtained scanned copies of their evaluated answer books.

      "The portal for applying for verification of issues observed in supplied scanned copy of answer book and re-evaluation of answers has been made live on June 2, 2026. Students can avail the facility of verification of issue(s) observed in supplied scanned copy of answer book, if any, and re-evaluation of answer(s) if not satisfied with the evaluation," the CBSE said.

      The portal will remain open from June 2 to June 6 (midnight) and no offline applications or requests submitted after the deadline will be accepted.

      Students will have to log in through the CBSE website using their Aadhaar number and submit applications online. The board said the entire process, including payment of fees, will be conducted digitally.

      For verification of issues in scanned copies of answer books, students can report concerns, such as missing pages, missing supplementary sheets, missing maps or graphs, blurred pages, incorrect answer books or evaluation against a different question paper set.

      "Students are advised to ensure that all requests across subjects are included before final submission," the board said.

      The fee for verification of issues observed in the supplied scanned copies of answer books is Rs 100 per answer book, while re-evaluation of answers will be charged at Rs 25 per question, it added.

      "Students may submit only one application each for verification of issues/re-evaluation and are therefore advised to decide in advance whether to apply for one or multiple subjects," the board said.

      The CBSE said once the "freeze and proceed to payment" button is clicked, the details will be locked and cannot be edited. Hence, students are advised to ensure that all details are correct.

      The board said applications will be treated as successfully submitted only after online payment is completed.

      "Students may also apply online for re-evaluation of one or more questions across one or more subjects by providing the required details, including question number, page number, as the case may be," the board said.

      It said the outcome of the requests will be communicated after the completion of the process and advised candidates to submit their applications within the stipulated timeline.

      A visual guide and a tutorial video have also been made available to help students complete the process, the board added.

      The CBSE also said "malicious actors" attempted to disrupt services on its re-evaluation portal through a barrage of cyberattacks, including a denial-of-service attack that caused 1.5 million (15 lakh) hits on the platform within two minutes and more than one lakh attempts at unauthorised file access.

      "While thousands of students accessed the CBSE re-evaluation portal today, malicious actors attempted to disrupt services through a barrage of cyberattacks," the board said on X.

      "The most recent being a denial-of-service (DoS) attack attempt causing 1.5 million hits on the portal within a matter of two minutes and more than one lakh attempts of unauthorised file access," it added.

      The board said based on student feedback, further improvements, "including extended session time limits", have been implemented to enhance user experience.

      "Our teams remain on constant watch to ensure a secure, reliable and student-friendly platform," it added.

      The CBSE said Aadhaar-based verification has been introduced for security reasons while applying for verification of issues and re-evaluation of answers.

      "For children who do not have Aadhaar, the Aadhaar details of parents, relatives or guardians may be used," it said.

      "In this case, the Aadhaar name, date of birth and gender must be of the person whose Aadhaar number is used," it added. PTI KSH GJS RC

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