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    Bank-fraud case: ED attaches sea-facing house worth Rs 60 Cr in Maharashtra's Murud
    ECLGS 5.0 Achieves a Major Milestone, Guarantee Issuance Crosses 1 Lakh Mark, with total amount of guarantees more than ₹48,000 Crore
    CCI approves acquisition of certain shareholding in Shriram Life Insurance Company by Sanlam Emerging Markets (Mauritius) Ltd
    CCI approves acquisition of certain shareholding in PUMA SE by Ancat Holding GmbH
    Payoneer India Cross-Border Excellence Awards 2026 launched to recognise the country's leading cross-border businesses
    India attracted USD 843 billion in FDI between 2014-15 and 2025-26: Official
    DGTR Organises Media Briefing on Trade Remedy Measures and Fair-Trade Practices
    Government Extends Validity of Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), Increases Loan Limits under the scheme
    Four in Five Business Leaders Expect Permanent Disruption as AI, Tariffs and Critical Minerals Competition Reshape Global Commerce, Finds DMCC Future ...
    Income tax burden reduction over 12 years reflects 'Ramrajya': Govt
    Rupee rises 14 paise to close at 95.27 against US dollar
    Jainson Cables India Marks a New Phase of Growth and Global Expansion
    Home Loan Demand Rises in 2026 as Indian Homebuyers Explore Affordable Financing Options
    'Tax evasion' case: Anil Ambani gets interim protection from coercive action under Black Money Act
    India’s Pharmaceutical Sector Reflects Commitment to Affordable Healthcare and Global Well-Being: Union Minister of Commerce and Industry Shri Piyus...
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    India's exports hit all-time high of $863 bn in FY 25-26: Commerce ministry official
    J&K Bank inks pact to offer banking services to govt's contractual employees
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June 10, 2026
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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
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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
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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.
June 10, 2026
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Foreign direct investment and startup reforms drive India's manufacturing growth, regulatory simplification and broader innovation ecosystem.
India's investment and industrial policy framework has been strengthened through sustained foreign direct investment, manufacturing incentives and regulatory simplification. Flagship initiatives such as Make in India and the Production Linked Incentive scheme have been credited with increasing domestic manufacturing, export output and job creation across strategic sectors, while broader structural reforms are presented as reinforcing investor confidence and industrial growth. Ease of doing business measures include the removal of more than 47,000 compliance requirements, rationalisation of legal provisions through the Jan Vishwas framework, and the use of the National Single Window System for investment approvals.
June 10, 2026
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Trade remedy measures and fair trade: DGTR's evidence-based investigations and digital reforms strengthen market access and industry protection.
Trade remedy measures are described as instruments of fair trade used to address dumped imports, subsidised imports and sudden import surges that injure domestic industry, while preserving legitimate imports at fair prices. The Directorate General of Trade Remedies is stated to function as India's integrated trade remedy authority, conducting anti-dumping, anti-subsidy and safeguard investigations and recommending measures in accordance with domestic law and World Trade Organization obligations. The investigation framework is presented as transparent and evidence-based, involving application scrutiny, initiation, questionnaire-based inquiry, verification, oral hearings, disclosure of essential facts and final findings, with participation opportunities for domestic producers, exporters, importers, user industries and other stakeholders.
June 10, 2026
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Credit guarantee scheme extension expands microfinance lending support and raises loan limits for large NBFC-MFIs and MFIs.
Extension of the Credit Guarantee Scheme for Microfinance Institutions-2.0 continues credit guarantee support through the National Credit Guarantee Trustee Company Limited for banks and financial institutions lending to NBFC-MFIs and MFIs for onward lending to small borrowers. The validity of the scheme has been extended up to 31 August 2026 or until guarantees aggregating to Rs.20,000 crore are issued, whichever occurs earlier, and the maximum loan amount for large-sized NBFC-MFIs/MFIs has been increased from Rs.300 crore to Rs.1000 crore, subject to the overall ceiling of 20% of assets under management.
June 10, 2026
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Artificial intelligence and tariff volatility are reshaping global trade, with resilience, digitalisation and critical minerals now driving competitiveness.
Global trade is being reshaped by artificial intelligence, tariff volatility, supply chain redesign and competition over critical minerals and clean-energy infrastructure. The report says trade remains resilient but is moving into a more fragmented environment in which AI-related goods are driving a disproportionate share of trade growth, while a growing share of merchandise imports is subject to tariffs or similar restrictions. Business expectations are largely for slow growth, continued disruption and geopolitical uncertainty, with only a small minority expecting a best-case scenario. The report identifies four structural forces driving this shift: AI moving from experimentation to operational deployment; the breakdown of a stable tariff framework; supply chains increasingly organised for resilience rather than pure efficiency; and the energy transition becoming a contest for industrial and geopolitical advantage.
June 10, 2026
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Tax relief and GST reforms are described as strengthening taxpayer trust, simplifying compliance, and supporting economic growth.
Income tax burden reduction over the past 12 years is presented as part of a wider reform programme built on tax relief, quicker refunds, GST, faceless tax administration, Digital India, and banking reforms. The measures are described as having increased taxpayer confidence, expanded the taxpayer base, improved cash availability, simplified compliance, and supported higher domestic consumption and infrastructure investment.
June 10, 2026
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Reserve Bank of India intervention and foreign inflows support the rupee and ease government bond yields.
Foreign exchange market conditions remained under pressure as the rupee moved against the US dollar, with traders attributing the currency's partial recovery to likely Reserve Bank of India intervention aimed at curbing volatility and preventing a further slide in the domestic unit. Government securities markets also reflected stronger foreign participation, with bond yields easing as foreign portfolio inflows increased and investors bought Government of India dated securities under the Fully Accessible Route, which permits investment without ceilings.
June 10, 2026
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Export-led manufacturing growth and standards-based compliance drive Jainson Cables India's global expansion.
Jainson Cables India is described as a long-established cable manufacturer that has entered a new phase of growth through export-led expansion, diversification of its product range, and strengthened manufacturing capability. Its presence in more than 80 countries, Three Star Export House status, and Export Excellence Awards are presented as indicators of sustained export performance and international acceptance. The company's growth is supported by a structured certification and compliance framework, and its manufacturing model is aligned with national and international technical benchmarks.
June 10, 2026
Show AI Summary
Home loan affordability hinges on credit score, down payment, tenure, and fees, not interest rate alone.
Home loan affordability in 2026 depends on the interest rate as well as income, credit score, existing obligations, down payment, property value, and tenure choice. Lower rates reduce EMI and total interest, while higher rates may require longer repayment periods to keep monthly outgo manageable. Borrowers are advised to compare processing fees, foreclosure terms, and top-up or balance transfer options, and to check eligibility criteria such as residency, age, credit score, occupation, and required documents before applying.
June 10, 2026
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Black Money Act challenge secures interim protection against prosecution and penalty in foreign asset non-disclosure dispute.
Interim protection from coercive action, including prosecution and penalty, was granted in a writ petition challenging the constitutional validity of provisions of the Black Money Act. The petitioner disputed the Act's retrospective application to earlier assessment years and the notice alleging wilful non-disclosure of foreign bank accounts, foreign assets, and beneficial interests in overseas entities, while the appeal process was allowed to continue.
June 10, 2026
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Affordable pharmaceuticals and regulatory cooperation shape India's strategy for export growth, innovation and global healthcare partnerships.
India's pharmaceutical sector is being positioned as a driver of affordable healthcare, global supply reliability and innovation-led growth, with emphasis on quality standards, manufacturing capability and wider access to medicines. Policy and industry priorities highlighted include expansion of pharmaceutical exports, market diversification, regulatory excellence and stronger international cooperation. The communication also announces iPHEX 2026 and the Global Drug Regulatory Conclave 2026 as platforms for showcasing Indian pharmaceutical capabilities and for engagement among regulators, policymakers, industry leaders and foreign missions.
June 10, 2026
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Pharmaceutical export strategy advances through digital trade facilitation, biopharma growth and value-led manufacturing priorities.
India's pharmaceutical export and manufacturing strategy was highlighted through a regional outreach programme focused on reforms, export capability and competitiveness. The discussion emphasised the sector's movement from volume-led exports to value-led exports, supported by digital export facilitation measures, compliance and market access initiatives, trade agreements and collaboration with industry. Future priorities included biopharmaceutical manufacturing, research and development, global capability centres and greater self-reliance in key inputs and high-value pharmaceutical products.
June 9, 2026
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Export growth and trade agreements drive record Indian shipments, with duty-free access and wider market opportunities.
India's exports were reported to have reached record levels, with total exports rising to USD 863 billion in FY 2025-26. The export base was said to have diversified through growth in merchandise, services and non-petroleum exports. Landmark trade agreements were described as providing duty-free or tariff-concession access across major markets, while Punjab and Haryana were highlighted for export opportunities in textiles, engineering, agriculture, food processing, pharmaceuticals and chemicals.
June 9, 2026
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Banking and insurance benefits extended to contractual and daily-rated workers through a structured government agreement.
A memorandum of understanding was signed to extend a structured package of banking, insurance and credit-related benefits to daily-rated workers, contractual employees and other casual workers of the government of Jammu and Kashmir. Eligible beneficiaries will receive zero-balance accounts, free debit cards, digital banking facilities, concessional remittance services, specially designed credit products, and group personal accidental insurance with disability-related cover.
June 9, 2026
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Free trade agreements and trade digitisation drive India's export growth, with Karnataka leading in IT services exports.
India's export sector has shown broad-based growth, with services exports rising strongly and helping offset the trade deficit. Karnataka has emerged as a leading state in IT services exports and has also performed well in textiles and petroleum products. The expansion of Free Trade Agreements, duty reductions in several sectors, and trade digitisation measures have been highlighted as key factors supporting export growth and the wider goal of Viksit Bharat 2047.
June 9, 2026
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Investigative timelines and independent audits were among key suggestions to improve Enforcement Directorate functioning and public trust.
Public feedback on improving the functioning of the Enforcement Directorate highlighted the need for strict timelines for investigations, independent audits, oversight mechanisms, and stronger accountability systems to improve transparency and public trust. Suggestions also included secure whistleblower protections, AI and Big Data analytics, a digital case and complaint-tracking portal, stronger inter-agency coordination, fast-track courts for economic offences, specialised recruitment, and regular training and technology upgradation.

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CBSE says 3.8 million-packet DoS attack on website thwarted

June 4, 2026

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New Delhi, Jun 3 (PTI) The CBSE on Wednesday said it successfully thwarted a 3.8 million-packet denial-of-service (DoS) attack on its website, while over 56,000 applications for verification and re-evaluation were received till 9:30 pm.

“This afternoon a 3.8 Million packet Denial of service attack on the website was successfully thwarted,” the board said in an update posted on X.

The portal has accepted more than 56,000 applications for verification and re-evaluation as of 9:30 pm, it said.

“Our technical teams are proactively monitoring performance and introducing refinements to deliver a smoother, faster and more seamless experience for students," it said.

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

In a post on X, the SBI said that its payment gateway with the CBSE has till now processed more than 40,000 payments successfully.

"Indian Bank is pleased to inform that the bank has successfully implemented a payment gateway solution for students of CBSE for making payments securely through UPI, internet banking, debit cards and credit cards of all banks. Over 5,000 customers having bank accounts with different banks have utilised our payment gateway to remit the fee so far,” the Indian Bank said.

In a post, Canara Bank said, “It is a pleasure for Canara Bank that our payment gateway services have been extended to CBSE for the benefit of students, enabling payments in a secured manner through UPI, credit & debit cards and internet banking supporting customers of all banks. Over 4,000 customers spanning different banks have utilised our payment gateway to deposit the fee so far.” Bank of Baroda said it has enabled a secure and seamless payment gateway facility for CBSE students.

"Students can conveniently make payments through UPI, debit cards, credit cards and internet banking. The facility is available to customers across banks. More than 7,500 transactions have been successfully processed through the bank’s payment gateway so far,” Bank of Baroda said.

"Students need not have an account with these banks to complete payment but can use any of these payment gateways to make payments," the CBSE 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 that applications for verification and re-evaluation of answer books were 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 CBSE for its Class 12 board exams.

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

The CBSE on Tuesday opened the online portal for 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 the supplied scanned copy of answer books and re-evaluation of answers was made live on June 2. Students can avail the facility if they are not satisfied with the evaluation,” the CBSE said.

The portal will remain open from till 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, is being 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 had said.

The fee for verification of issues observed in 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 said.

"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.

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, it said.

Applications will be treated as successfully submitted only after online payment is completed. It also said that only one application each for verification of issues and re-evaluation will be permitted.

“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.

The CBSE 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, it said.

The CBSE had also said that “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 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 on Tuesday.

The board said that 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 had said that Aadhaar-based verification was introduced for security reasons.

“For children who do not have Aadhaar, the Aadhaar details of parents, relatives or guardians may be used," the board 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 ARI ARI

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