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    India's fuel exports fall to lowest since 2022 amid refinery maintenance, domestic demand
    Ambit Institutional Equities highlights that new products can drive upgrades for Venus Pipes, maintains target of Rs 2336
    RBI's rate-setting panel starts deliberations, policy announcement on Friday
    Nearly 44,000 applications filed for re-evaluation: CBSE
    RBI dismisses gold sale rumours; physical reserves stand steady at 880.52 tonnes
    Engaged with US on Sec 301 probe over concerns related to forced labour, excess capacity: Govt
    CBSE says 40,000 students complete re-evaluation process without issues
    Ajay Rajan joins Protean eGov Technologies Ltd. as Managing Director & Chief Executive Officer
    Rupee falls 28 paise to 95.64 against US dollar in early trade
    USTR proposes 12.5% additional duties on India, 53 other countries over forced labour import violations
    India, UK discuss sticking points delaying free trade pact rollout
    Following are the top foreign stories at 2030 hours
    Rupee falls 17 paise to close at 95.36 against US dollar
    At 22 pc, Haryana GST collection growth rate in May highest in country: State govt
    'Malicious actors' attempted to disrupt re-evaluation portal services: CBSE
    Chandigarh University Becomes India's First Private University to Establish 'IndiaAI Data Lab' in Collaboration with Intel India
    India, US begin three-day talks to finalise details of trade pact
    Base Year of Wholesale Price Index Revised from 2011–12 to 2022–23
    Rs 2,004-crore homebuyer fraud: ED arrests 4 promoters for duping over 19,000 buyers
    Rupee falls 10 paise to close at 95.29 against US dollar
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June 3, 2026
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Refined petroleum exports weakened as refinery maintenance, domestic fuel demand, and export taxes shifted supply toward local markets.
India's exports of refined petroleum products declined sharply as refinery maintenance, lower throughput, stronger domestic demand, and export taxes reduced overseas shipments. Planned maintenance at a major refining complex limited crude processing and export volumes, while refiners increased liquefied petroleum gas output for domestic supply and reduced petrol and diesel available for export. State-owned refiners also directed more output to local consumption amid energy security concerns and adequate domestic fuel requirements.
June 3, 2026
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Capacity expansion and new product launches support Venus Pipes growth visibility amid domestic recovery and export weakness.
Venus Pipes reported revenue and EBITDA growth broadly in line with estimates, driven by a recovery in domestic demand while exports weakened amid geopolitical disruption. The company said its planned capacity additions are now operational, including fittings, and that utilisation remains high in seamless pipes, with welded pipe capacity also ramping up. The note highlighted the company's entry into spooling solutions for the data centre segment through capital expenditure supported by a large letter of intent, along with a healthy order book and future expansion plans.
June 3, 2026
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Monetary policy stance stays in focus as the repo rate is expected to remain unchanged amid inflation and growth pressures.
The Monetary Policy Committee began its three-day policy deliberations ahead of the scheduled announcement, with market expectations centred on the repo rate remaining unchanged at 5.25 per cent. The reported policy setting is being assessed against a backdrop of external uncertainty, including West Asia conflict, higher energy prices, supply-chain pressures and a weaker rupee, all of which may affect inflation and growth projections. Commentary in the report indicates that the Reserve Bank of India may keep policy rates steady while adopting a cautious or mildly hawkish communication stance, including possible revisions to inflation and GDP growth forecasts.
June 3, 2026
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Answer sheet verification and re-evaluation process moves online with Aadhaar-based access, digital payment, and strict submission deadlines.
CBSE has activated an online portal for verification of issues in scanned answer books and re-evaluation of answers, limited to students with scanned copies of their evaluated sheets. The process must be completed online within the prescribed window, with Aadhaar-based login, digital payment, and locked submissions after the freeze-and-proceed step. Students may report specific discrepancies in scanned copies, use designated payment gateways, and rely on Aadhaar details of parents, relatives, or guardians where the student does not have Aadhaar.
June 3, 2026
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Gold reserve clarification: central bank denies sale reports and confirms physical stock remains unchanged.
The Reserve Bank of India clarified that reports of a gold sale were incorrect and that its physical gold stock remains unchanged at 880.52 tonnes. It advised the public to rely on official information and noted that gold's share in India's foreign exchange reserves had increased over the relevant period.
June 3, 2026
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Section 301 trade probe over forced labour and excess capacity keeps India engaged as tariff proposal remains unfinalised.
India remains engaged with the United States in Section 301 proceedings concerning allegations of forced labour and excess industrial capacity, while also pursuing finalisation of an interim trade agreement framework. The United States Trade Representative has issued findings in the forced labour investigation and proposed additional tariffs on imports from multiple economies, including India, but the measure remains only a proposal and is not yet final.
June 3, 2026
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Online re-evaluation and verification portal opens with Aadhaar-based login, digital payment and strict submission limits.
CBSE has opened an online portal for verification of issues in scanned answer books and re-evaluation of answers, available only to students who have obtained scanned copies of evaluated answer books. Applications must be filed online within the prescribed window using Aadhaar-based login, with payment completed digitally through designated gateways. The board permits only one application each for verification and re-evaluation, and details become locked once submitted for payment.
June 3, 2026
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Digital Public Infrastructure drives Protean eGov Technologies' appointment of Ajay Rajan as Managing Director and Chief Executive Officer.
Protean eGov Technologies Ltd. appointed Mr. Ajay Rajan as Managing Director and Chief Executive Officer, effective 1 June 2026, to support its next phase of growth. The appointment aligns with the company's focus on Digital Public Infrastructure, AI-enabled enterprise solutions, and international expansion. Mr. Rajan's background spans banking, fintech, and digital transformation, and the company says his leadership will reinforce governance, execution, and sustainable value creation.
June 3, 2026
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Forced labour trade duties pressure rupee as proposed US action and broader risk sentiment weigh on markets.
The rupee weakened in early trade against the US dollar amid concern over a proposed US Trade Representative move to impose additional duties on India and other countries for alleged failures to prevent imports of goods produced with forced labour. India denied the allegations and said the issue should be addressed through ongoing bilateral trade negotiations. The currency was also pressured by broader global risk factors, including geopolitical tensions, a firmer dollar, higher crude oil prices and weakness in domestic equity markets.
June 3, 2026
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Forced labour import prohibitions drive proposed additional duties and a differentiated tariff framework for affected economies.
The US Trade Representative has proposed additional duties on 54 countries, including India, over alleged failures to prohibit imports made with forced labour. The proposal follows investigations into 60 countries and applies a differentiated tariff framework: 10 per cent additional duty for economies with existing or committed forced-labour import prohibitions, and 12.5 per cent for all other economies. A textile mechanism would permit a specified volume of apparel and textile imports from certain economies at a reduced tariff rate.
June 2, 2026
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Trade pact implementation faces delays as India and the UK address steel safeguards and carbon border measures.
India and the UK discussed implementation issues delaying rollout of CETA, with particular concern over Britain's steel safeguard restrictions and proposed carbon border adjustment mechanism (CBAM). The talks focused on identifying the remaining sticking points and examining pathways for effective implementation of the trade pact. Britain's limits on tariff-free steel imports and the introduction of CBAM from 2027 are central to the market access concerns.
June 2, 2026
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International developments span parliamentary disruptions, anti-corruption action, UN recognition, and immigration enforcement across several countries.
Parliamentary proceedings in Nepal were adjourned after protests over border remarks, while other reported developments covered defence trade, anti-corruption action, UN appointments, peacekeeping recognition, online testimony in a disappearance case, condemnation of Hinduphobia and temple attacks, and immigration enforcement against Indian nationals working illegally as truck drivers.
June 2, 2026
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Rupee depreciation against the dollar reflects oil price pressure, dollar strength and foreign fund outflows amid RBI policy watch.
The rupee depreciated against the US dollar amid higher global crude oil prices, a firm dollar, safe-haven inflows and foreign fund outflows. Market participants expected continued pressure from geopolitical tensions and elevated oil prices, while noting that peace talks could moderate the decline. Investors also watched the Reserve Bank of India monetary policy meeting for cues on currency movement, alongside broader market and macroeconomic developments.
June 2, 2026
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State GST collections in Haryana lead the country, driven by strong revenue growth and efficient tax administration.
Haryana reported the highest growth rate among states in state GST collections for May 2026, with a year-on-year increase of 22 per cent against the national average of 6 per cent. The state also ranked first in cumulative growth in state GST revenue for the first two months of 2026-27, with growth of 40 per cent over the comparable period of the previous financial year. The statement attributed the sustained increase to the growing economy of the state and efficient tax administration.
June 2, 2026
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Re-evaluation portal security and online filing rules shape CBSE's answer-book verification process for students seeking review
CBSE reported cyberattacks on its re-evaluation portal and said the online facility for verification of issues in scanned answer books and re-evaluation of answers was available only to students who had obtained scanned copies of evaluated answer books. The portal required Aadhaar-based verification, permitted online-only submission and payment, allowed only one application each for verification and re-evaluation, and treated details as locked after the payment stage was initiated. The process covered specified scanning and evaluation issues, used a limited filing period, and communicated the request outcome after completion.
June 2, 2026
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Artificial intelligence and data science training expands through a new industry-linked lab, certifications and practical learning programmes.
Chandigarh University established an 'IndiaAI Data Lab' in collaboration with Intel India to strengthen student employability through industry-relevant training in artificial intelligence, data science and emerging technologies. The lab is intended to function as a simulated apprenticeship and practical learning space for computing and computer science engineering students, with access to AI tools, real-world projects and hands-on exposure aligned with global industry standards. As part of the same partnership, the university launched MCA (Data Science) and BCA (Data Science) programmes in association with Intel India, with semester-wise Intel certifications to improve industry readiness.
June 2, 2026
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Trade agreement negotiations focus on tariff recalibration, market access commitments, and possible Section 301 trade action.
India and the United States began talks to finalise an interim trade agreement and advance a broader bilateral trade agreement. The framework contemplates tariff reductions on US industrial and agricultural goods, proposed Indian purchases of US products over five years, and possible recalibration in light of changed US tariff conditions and the prospect of fresh action under the Section 301 mechanism.
June 2, 2026
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Wholesale Price Index revision expands coverage, updates methodology and introduces producer price indices for broader price measurement.
Revision of the Wholesale Price Index base year from 2011-12 to 2022-23 has been approved, together with compilation and release of new Producer Price Indices. The revised WPI series, along with Output PPI, Trial Input PPI and Service PPI, is scheduled for release on 15 June 2026 and will replace the existing WPI series. The framework is intended to support transition from WPI to PPI, while allowing a five-year continuation of WPI for price escalation use before discontinuation.
June 2, 2026
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Money laundering investigation over alleged homebuyer fraud leads to arrests of real estate promoters and directors.
Money laundering investigation under the Prevention of Money Laundering Act concerns an alleged homebuyer fraud involving a real estate group that reportedly collected about Rs 2,004 crore from more than 19,425 buyers and investors on promises of timely delivery of residential and commercial units and assured returns. Four promoters and directors were arrested in connection with the probe and produced before the special PMLA court, which granted custodial interrogation. The investigation was initiated on the basis of five FIRs and a criminal complaint filed by the Serious Fraud Investigation Office.
June 2, 2026
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Rupee depreciation against the US dollar weighs on sentiment as crude prices, dollar strength and fund outflows pressure the market.
The rupee depreciated against the US dollar in interbank foreign exchange trading, closing lower amid rising crude oil prices, a firm dollar and foreign fund outflows. Market participants also watched the forthcoming Reserve Bank of India monetary policy meeting, while the USD/INR spot rate was expected to trade in a narrow near-term range.

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AU Small Finance Bank Brings a Range of Savings Accounts Built for Every Indian Customer

June 8, 2026

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Mumbai, Maharashtra, India – Business Wire India AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first in over a decade to receive in-principle approval to transition into a Universal Bank, today shared its full range of savings accounts built to meet the needs of every kind of Indian customer. AU Small Finance Bank's range of savings accounts — AU Digital, AU Royale, AU Royale World, AU Platinum, AU Value, AU Vikaas and others built for women, senior citizens, students, NRIs and salary earners— offers easy video KYC account opening, attractive savings account interest rates with monthly interest payouts, the AU 0101 mobile banking app, and range of Debit Cards empowered by RuPay, Visa, MasterCard. Empowering every Indian customer to pick the savings account that suits them best. Every Savings Account designed by AU Small Finance Bank is built around three simple things: easy digital account opening through video KYC, full banking on the AU 0101 mobile banking app, and a consistent, straightforward experience whichever account you choose. Customers can view the full range and select the savings account that best fits their needs on the official AU Small Finance Bank website. Open Your Savings Account from Home with Video KYC Customers can open a Savings Account from home using the AU 0101 mobile app & official AU Small Finance Bank Website. The full process, including video KYC, happens online, with no need to visit a branch. No paperwork to sign. No waiting in queues. Eligible customers get a working account within a short time. Customers can also view details such as savings account interest rate through official bank channels. This is how AU Small Finance Bank wants every new customer to start, quick, simple, and on their phone. The AU 0101 Mobile Banking App: Your Bank in Your Pocket The AU 0101 mobile banking app gives AU Small Finance Bank Savings Account customers everything they need from one place. Send money over UPI. Make IMPS, NEFT and RTGS transfers. Pay bills. Manage your debit card. Set up or cancel auto-debits. Download statements. View and use your AU Rewardz points. Every customer gets a Debit Card for shopping online, withdrawing cash at ATMs, and paying at stores with convenient management through the AU0101 app. A Savings Account for Every Kind of Customer AU Small Finance Bank's range covers a savings account for almost every type of customer. The Digital Savings Account is for those who want to do everything online. The AU Royale Savings Account and AU Royale World Savings Account are for customers looking for premium banking, with airport lounge access, a personal relationship manager and family banking benefits. The AU Platinum Savings Account is for customers who want a more rewarding banking experience with the benefit of extending the features up to 3 additional family members and flexibility of minimum balance maintenance within the group. The AU Vikaas Savings Account, AU NRI Savings Account, AU Women Savings Account, AU Senior Citizen Savings Account, and AU Kids Savings Account, are each built for a specific kind of customer, whether you are a student, a working professional, an NRI, a senior citizen, or a parent opening an account for your child. Why a Range, and Not Just One Account Indian customers want different things from a savings account. Some want premium banking with extras like lounge access and a relationship manager. Students and kids need accounts that match their age and stage of life. Working women look for features that fit how they manage money. Senior citizens value personal service. AU Small Finance Bank's savings account range is built to meet these different needs, while making sure every customer, whichever account they pick, gets a simple, friendly experience and the same easy access through the AU 0101 mobile banking app. What Customers Get • AU Digital Savings Account: Open online with video KYC. AU Platinum Debit Card and the AU 0101 mobile banking app from day one. • AU Royale and AU Royale World Savings Accounts: Premium banking with airport lounge access and a personal relationship manager (subject to eligibility and minimum balance) & more. • AU Platinum Savings Account: Extra features for customers who want more from their savings account (subject to eligibility and minimum balance) with benefit of extending the features up to 3 additional family members and the flexibility of minimum balance maintenance within the group. • AU Vikaas, AU NRI, AU Women, AU Senior Citizen: Savings accounts built for specific groups of customers. • Across the range: Easy online account opening, attractive rates on eligible balances, the AU 0101 mobile banking app, a savings account interest rate calculator and other helpful tools on the AU Small Finance Bank official website, a range of Debit Cards, and deposit protection under DICGC up to the prescribed limit per depositor per bank. About AU Small Finance Bank AU Small Finance Bank Limited (AU SFB) is a Scheduled Commercial Bank and has established itself as India’s largest Small Finance Bank since commencing its banking operations in April 2017. Founded in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU is entering its 10th year as a Bank, guided by a deep rooted “Dharma” of customer centric service. Over three decades, AU has built a sustainable and inclusive financial institution that empowers underserved and under reached communities through a robust retail led banking model. The Bank has received an in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank. With deep customer insights across India, AU provides comprehensive banking solutions spanning deposits, loans, credit cards, premium banking, remittance services, merchant solutions, insurance, and investments. As a tech led bank, AU delivers differentiated digital experiences through innovations such as 24x7 Video Banking, WhatsApp Banking, chatbots, UPI QR solutions, merchant lending, and its award-winning AU 0101 app. AU SFB’s wide network of 2,790 banking touchpoints across 21 States and 4 Union Territories enables service to more than 1.2 crore customers, powered by a workforce of 59,200+ employees. As on 31st March 2026, Bank had shareholders’ funds of INR 19,974 cr, deposit base of INR 1,52,661 cr, total loan portfolio of INR 1,40,327 cr and a balance sheet size of INR 1.9 Lac cr+. AU SFB is listed on NSE and BSE and its fixed deposits are rated ‘AA+/Stable’ by CRISIL Ratings. AU SFB’s long term debt rating is ‘AA/Stable’ by CRISIL Ratings, ICRA Ltd. and CARE Ratings. All AU Small Finance Bank Savings Accounts are offered subject to eligibility, internal policies, and applicable terms and conditions. Account features, monthly balance requirements, fees and other charges follow the bank's current policies and may be updated from time to time. Deposits are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to the prescribed limit per depositor per bank. For account-specific details, please visit www.au.bank.in. Disclaimer: Savings Account interest rates are subject to change at the sole discretion of AU Small Finance Bank without prior notice. Please check AU Small Finance Bank Official website for latest savings account interest rates (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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