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    Haleon Announces ~₹2000 Crore Total Investment to Set Up its First Manufacturing Facility in India
    India continues to move forward on its growth trajectory amid global uncertainty: PM
    Govt extends excise duty exemption to higher ethanol-petrol blends
    RBI invites comments on Harmonisation and Consolidation of Instructions on Control / Assurance Functions
    RBI invites public comments on the draft Amendment Directions on ‘Standardised Approach for Counterparty Credit Risk (SA-CCR)’
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    'Gross abuse of process of law': HC quashes Delhi Police, ED cases against NewsClick
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    Ban on Indian mangoes in Nepal could hurt fruit's image in global markets, say UP farmers
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    CCI approves acquisition of certain shareholding in Shriram Life Insurance Company by Sanlam Emerging Markets (Mauritius) Ltd
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    Payoneer India Cross-Border Excellence Awards 2026 launched to recognise the country's leading cross-border businesses
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June 11, 2026
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Make in India-led manufacturing expansion: Haleon plans a greenfield Madhya Pradesh facility to strengthen supply chains and oral health access.
Haleon announced plans to establish its first manufacturing facility in India as a greenfield site at Pithampur, Madhya Pradesh, with the project aligned to the Make in India vision and intended to strengthen the company's long-term presence in the country. The facility is described as a strategic manufacturing base for oral health and other everyday health products, designed to support supply chain resilience, domestic value addition, exports to wider Asia, employment generation, and future-ready automated production, with operational commencement expected by 2029-30.
June 11, 2026
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Free trade agreements and cooperative federalism drive India's growth strategy, with MSME competitiveness and women-led development in focus.
India's growth strategy is being advanced through free trade agreements, international market access, and a stronger export ecosystem, with emphasis on enabling MSMEs to align with global standards and improve competitiveness. The economic direction also relies on the demographic dividend through quality education, demand-driven skilling, and employment pathways for youth. Cooperative federalism, State collaboration, and women-led development are described as central to Viksit Bharat, with focus on education, skilling, safety, and empowerment of women.
June 11, 2026
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Excise duty exemption on higher ethanol-petrol blends expands, paving the way for future ethanol fuel adoption.
Excise duty exemption has been extended to higher ethanol-petrol blends, with duty reduced to nil on petrol containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol. The extension broadens the earlier waiver for blends of up to 20 per cent ethanol and reflects the view that blending ethanol with petrol at fuel depots is a manufacturing activity that would otherwise attract excise duty. The measure is a preparatory regulatory step for any future introduction of higher ethanol-content fuels.
June 11, 2026
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Control and assurance functions harmonisation through draft RBI governance amendments invites stakeholder comments across regulated entities.
Reserve Bank of India has issued draft Amendment Directions for public comments to harmonise and consolidate instructions on control and assurance functions across multiple categories of regulated entities, including banks, co-operative banks, non-banking financial companies, credit information companies and asset reconstruction companies. The draft directions comprise governance-related and miscellaneous amendments intended to align the applicable regulatory framework across these entities. Comments and feedback may be submitted through the Connect 2 Regulate portal or by email using the prescribed subject-line format for the relevant category of regulated entity.
June 11, 2026
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Standardised approach for counterparty credit risk updates seek clearer netting, margining, and disclosure treatment under revised directions.
The Reserve Bank has proposed draft Amendment Directions on Standardised Approach for Counterparty Credit Risk (SA-CCR) to update the framework for computing counterparty credit risk exposure. The draft revisits the earlier SA-CCR-based guidelines in light of later netting, margining, and Basel Committee developments, and seeks to clarify the treatment of CCR across banking and trading book exposures, multiple margin agreements, multiple netting sets, clearing-member transactions, option premium deferment, effective notional for options, and disclosure templates. Comments have been invited from regulated entities and other stakeholders within the consultation period.
June 11, 2026
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Money laundering probe under the Prevention of Money Laundering Act covers alleged payments without services and unexplained loan transactions.
Enforcement Directorate investigation under the Prevention of Money Laundering Act concerns alleged transactions involving Cochin Minerals and Rutile Ltd and Exalogic Solutions Private Limited, including payments without corresponding services and loans without timely repayment. The agency has alleged that these transactions generated proceeds of crime and proceeded on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office. Veena T sought postponement of her scheduled ED questioning on health grounds and said documents would be submitted through counsel.
June 11, 2026
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Rupee weakness deepens as crude prices, foreign outflows and a firmer dollar pressure the local currency.
The rupee weakened in early trade against the US dollar amid higher global crude oil prices, continued hostilities between the US and Iran, heavy foreign institutional investor outflows, and a soft domestic equity market. The local currency was also weighed down by a marginally stronger dollar index and remained sensitive to risk sentiment and external macroeconomic cues. RBI-linked dollar selling had earlier supported the rupee, while intervention was likely aimed at curbing excessive volatility and preventing a sharper slide.
June 11, 2026
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Excise duty waiver on ethanol-blended petrol encourages a shift toward cleaner fuel variants across blended petrol categories.
Excise duty on ethanol-blended petrol has been waived for E22, E25, E27 and E30 variants, with the applicable duty set at nil for petrol containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol blend. The measure is intended to encourage consumers to shift towards ethanol-blended petrol and applies through a finance ministry notification.
June 11, 2026
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Trade and regulatory cooperation deepen as India and Tajikistan prioritise pharmaceuticals, agriculture, services and wider economic engagement.
India and Tajikistan reviewed bilateral trade, investment and regulatory cooperation, and agreed to strengthen coordination between competent authorities, trade bodies and business chambers to facilitate smoother trade and new business projects. Pharmaceuticals, agriculture, services and wider sectoral cooperation were identified as priority areas, including faster registration processes, closer regulatory dialogue and stronger business-to-business linkages. The meeting concluded with signing of the Protocol of the 12th Session and a reaffirmation of commitment to deepen industrial, trade and economic cooperation.
June 10, 2026
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Foreign direct investment allegations fail as quashing follows absence of criminal offence and unsupported money-laundering claims.
Quashing of FIR and money-laundering proceedings was ordered where the underlying investment was treated as an economic decision that did not disclose any criminal offence. The court held that there was no cap or restriction on receipt of foreign direct investment in digital media at the relevant time, and that the allegations of cheating, criminal breach of trust and siphoning of funds were unsupported. The Enforcement Directorate's case also failed because the alleged conspiracy did not show any illegal objective or unlawful means, and no incriminating material had emerged despite extensive investigation.
June 10, 2026
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Phytosanitary import rules shape Indian mango exports to Nepal as officials clarify no ban and continue permit issuance.
Imports of Indian mangoes into Nepal continue to be permitted subject to prescribed phytosanitary requirements, with import permits and release orders being issued on compliance. Nepal has clarified that no ban or suspension has been imposed, while introducing a Hot Water Treatment requirement for consignments. India has said it is facilitating exports in line with the new norms and is pursuing concerns over the revised measures through bilateral channels under the WTO Sanitary and Phytosanitary Agreement and the International Plant Protection Convention framework.
June 10, 2026
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Structural excess capacity allegations rejected as India cites low per capita consumption in textiles and steel.
India has rejected allegations of structural excess capacity in textiles and steel, saying low per capita consumption in both sectors shows no basis for the claim. In response to a United States Trade Representative probe under Section 301, India stated that the notice lacks cogent rationale and prima facie evidence to support the allegation that its major industries create trade surplus through surplus capacity. The trade remedies authority also said excess capacity is not recognised within WTO trade remedial laws.
June 10, 2026
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Indian mango exports face reputational strain as Nepal's import ban raises pesticide and quarantine concerns.
Nepal prohibited the import of Indian mangoes, citing excessive pesticide use and the absence of adequate quarantine facilities in border areas. Growers in Uttar Pradesh said the restriction could damage the international image and credibility of Indian mangoes, including the Dasheri variety, and add to pressure from rising input costs and low returns. The state minister said the ban would not materially affect farmers' earnings, but it has hurt the reputation attached to Indian mangoes.
June 10, 2026
Show AI Summary
Rupee volatility management strengthened as lower crude prices and likely RBI intervention supported the domestic currency.
The rupee appreciated against the US dollar as lower Brent crude prices, a softer dollar index and likely intervention by the Reserve Bank of India helped curb excessive volatility and support the domestic currency. Market commentary linked the currency's pressure to geopolitical tensions, energy import dependence and a wider trade deficit when crude prices rise. The report also noted easing government bond yields and foreign inflows into government securities under the Fully Accessible Route.
June 10, 2026
Show AI Summary
Tax reforms and digital governance are driving investor confidence, broader compliance, and India's growth toward a stronger economy.
Tax and economic policy reforms, including GST, faceless tax administration and Digital India initiatives, are presented as central measures in strengthening public trust, improving compliance and supporting investment-led growth. The government links these reforms with reduced inflation, a unified national market, banking sector clean-up and rising investor confidence, while describing India's transition from a vulnerable economy to the world's fastest-growing major economy and its progress towards a five-trillion-dollar economy and Viksit Bharat 2047.
June 10, 2026
Show AI Summary
Money laundering attachment linked to bank fraud covers sea-facing property acquired from diverted funds.
Provisional attachment under the Prevention of Money Laundering Act was issued against a sea-facing immovable property in Murud, Maharashtra, in a bank loan fraud-linked money-laundering case involving S Kumars Nationwide Limited and former CMD Nitin Kasliwal. The Enforcement Directorate said the property was acquired from diverted funds and was derived from the proceeds of crime arising out of the alleged bank fraud. It also alleged the use of interconnected entities and group companies to divert and layer funds.
June 10, 2026
Show AI Summary
Credit guarantee support under ECLGS 5.0 expands liquidity access for MSMEs and other borrowers through broad lender participation.
The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 provides credit guarantee support to extend additional liquidity to existing borrowers facing pressures arising from the West Asia crisis. It offers 100% guarantee coverage for the MSME sector and 90% coverage for the non-MSME sector, encouraging lending institutions to extend credit under the government-backed framework. The reported coverage has crossed 1 lakh guarantees, with the MSME sector and Public Sector Banks accounting for the bulk of the issuance.
June 10, 2026
Show AI Summary
Competition approval for minority share acquisition in a life insurer through a preferential issue by a Mauritius investor.
Competition Commission of India approved the acquisition of a minority shareholding in Shriram Life Insurance Company Limited by Sanlam Emerging Markets (Mauritius) Ltd through a preferential issue. The transaction involves 2.80% of the expanded equity capital, and the target is a registered life insurance company engaged in life insurance and unit-linked insurance business within the ambit of the Insurance Act, 1938.
June 10, 2026
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Competition approval for share acquisition in PUMA SE by Ancat Holding GmbH through a secondary purchase.
Competition approval was granted for the acquisition of certain shareholding in PUMA SE by Ancat Holding GmbH, an indirect wholly owned subsidiary of ANTA. The proposed combination involved Ancat's secondary purchase of 29.06% of the issued and outstanding share capital of PUMA SE. Ancat was described as an acquisition vehicle with no business activities, while ANTA and PUMA were engaged in sports products and sportswear businesses.
June 10, 2026
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Cross-border business recognition platform launches to spotlight Indian exporters, e-commerce sellers, and global growth leaders.
Payoneer India Cross-Border Excellence Awards 2026 have been launched to recognise Indian businesses and entrepreneurs driving cross-border commerce and export growth. The awards are structured across sixteen categories covering service exports, e-commerce, D2C brands, regional exporters, women entrepreneurs, and related ecosystem roles, with nominations open. Shortlisted nominees will be assessed by an independent jury using weighted criteria on growth, market reach, innovation, employment impact, and digital readiness.

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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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