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    Kerala CAG report flags revenue gaps in liquor, transport sectors
    ED searches against Rajesh Exports after Sebi scrutiny
    Remarks of the Governor on the Inauguration of Week-long celebration of International MSME Day 2026 Kochi, Kerala, June 22, 2026
    UK-India Week opens in the West Midlands with IGF Smarter Regions Forum
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June 23, 2026
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Revenue audit compliance gaps expose unrealised liquor and transport collections, permit breaches, and enforcement failures.
Revenue audit findings on Kerala's liquor and transport sectors highlight significant arrears, compliance gaps and unrealised collections across excise, vehicle tax, transport regulation and related receipts. In the liquor sector, the audit notes unrecovered losses from shortage of Extra Neutral Alcohol, transit permit discrepancies for imported liquor suggesting possible diversion, and assessment lapses resulting in short levy or non-levy of taxes. In the transport sector, it points to non-functional testing infrastructure, vehicles operating with expired certificates, unlicensed aggregators, and permit violations leading to unrecovered fees and penalties.
June 23, 2026
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Foreign exchange and securities scrutiny deepens as searches target Rajesh Exports over alleged financial irregularities.
Enforcement action under the Foreign Exchange Management Act was reported against Rajesh Exports after market regulator scrutiny over alleged financial irregularities. Searches were conducted at premises linked to the company in Bengaluru and Mumbai. The scrutiny concerns an interim regulatory order alleging inflated consolidated revenues through overseas subsidiaries, particularly Valcambi SA in Switzerland. The regulator also restrained the company's Chairman and Managing Director from dealing in the company's securities until further orders.
June 23, 2026
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MSME credit access expands through digital lending, guarantee cover, and collateral-free finance measures.
Priority sector lending, collateral-free lending, guarantee cover, receivables discounting, simplified working capital norms, NBFC on-lending and co-lending recognition, the Account Aggregator framework, and restriction on pre-payment charges are described as measures expanding formal credit access for MSMEs. The remarks also note structured engagement through MSME town halls, capacity-building of bankers, and empowered committees to review MSME financing, stressed accounts, credit linkage, and credit application pendency. The Unified Lending Interface is presented as a consent-based digital mechanism for faster MSME credit assessment.
June 23, 2026
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Regional partnership between Gujarat and the West Midlands advances through UK-India Week's focus on investment, innovation and growth.
UK-India Week 2026 opened in the West Midlands through the IGF Smarter Regions Forum, focused on advancing the emerging regional partnership between Gujarat and the West Midlands. The programme is designed to convert UK-India engagement into practical collaboration across investment, innovation, skills, advanced manufacturing, clean energy, life sciences and regional growth, with discussions centred on strengthening a regional growth corridor through deeper cooperation in industry, trade-related collaboration, capital flows and technology partnerships.
June 23, 2026
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Pharmaceutical supply chain dependence drives calls for diversification, regulatory transparency and stronger innovation ecosystems in India.
India's pharmaceutical supply chain remains heavily dependent on Chinese imports for critical active pharmaceutical ingredients, key starting materials and intermediates. Rising environmental compliance requirements have increased manufacturing and research and development costs, while weak innovation and a limited commercialisation ecosystem create uncertainty for innovators and long-term investment. The report calls for diversification into higher-value pharmaceutical segments, greater regulatory transparency, and stronger industry-academia technology transfer to support patent commercialisation, research collaboration and startup incubation.
June 23, 2026
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Company law compendium traces Supreme Court jurisprudence across changing statutory frameworks and supports structured legal research.
Publication of the third edition of Supreme Court on Company Law compiles landmark Supreme Court decisions from 1950 to 2025 across the Companies Act, 1913, the Companies Act, 1956 and the Companies Act, 2013. The compendium provides concise headnotes stating the ratio decidendi, relevant paragraph references, and nominal, subject and section indices to enhance research utility and trace the development of company law jurisprudence.
June 23, 2026
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Bilateral trade agreement talks focus on tariff changes, interim commitments, and revised market-access terms between India and the United States.
High-level trade talks between India and the United States focused on reworking a proposed bilateral trade agreement after changes in US tariff policy altered the earlier framework. The discussions concerned an interim pact sought before expiry of the United States' temporary additional tariff regime, with both sides revisiting tariff commitments that had been built into the February framework and later affected by a Supreme Court ruling and subsequent tariff changes. The talks were also linked to broader efforts to strengthen economic ties and give final shape to the first phase of the Bilateral Trade Agreement.
June 23, 2026
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Bilateral trade agreement talks focus on tariff realignment, market access commitments, and a conditional framework for mutual adjustments.
Bilateral trade agreement talks between India and the United States centred on finalising the first phase of an interim framework for reciprocal and mutually beneficial trade, with both sides reviewing the earlier contours of the pact in light of changes in the United States tariff regime. The framework contemplated tariff reductions on Indian goods and wider market-access commitments by India, along with proposed Indian purchases of energy products, aircraft, precious metals, technology products and coking coal over a five-year period. The negotiations were being revisited to realign the first-phase agreement with the changed tariff structure.
June 23, 2026
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Money laundering investigation leads to searches over a private university's financial affairs under the Prevention of Money Laundering Act.
Enforcement Directorate searches were conducted in Madhya Pradesh and Chhattisgarh as part of a money laundering investigation concerning the financial affairs of a private university. About ten locations were searched under the Prevention of Money Laundering Act, and the inquiry was linked to an FIR registered by the Economic Offences Wing of the Madhya Pradesh Police.
June 22, 2026
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India-UK free trade agreement and strategic partnership remain on a strong footing after Starmer's resignation.
India-UK relations are described as remaining on a strong footing following Keir Starmer's resignation, with British Indian experts stating that the UK-India Free Trade Agreement and the broader bilateral partnership are likely to continue under the next Labour leader. The commentary emphasises that Starmer is credited with signing the agreement, resetting ties with India, and placing the relationship on a stable platform for future growth in trade, business, technology, clean energy, skills and strategic cooperation.
June 22, 2026
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Agricultural supply stability and industrial infrastructure drives shape Telangana's demand for higher palm oil duty and exclusive urea allocation.
Telangana urged restoration of the import duty on crude palm oil to 44 per cent and exclusive allocation of urea from the Ramagundam Fertilizers and Chemicals Limited plant to the state. The requests were framed around fertiliser supply stability and protection of oil palm farmers' livelihoods ahead of the kharif sowing season. The state also sought central support for industrial and logistics projects, including a logistics hub, plug-and-play industrial parks, an Aero-Defence Corridor, mega leather parks, and a Multi-Modal Logistics Park.
June 22, 2026
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NEET paper-leak controversy drives a sustained sit-in protest demanding accountability and education system reforms.
A sit-in protest at Jantar Mantar continued for the third consecutive day over alleged NEET examination irregularities and the paper-leak controversy, with demonstrators demanding accountability and the resignation of the Education Minister. Protesters said students were being penalised for minor delays or for circumstances arising from the cancelled examination, while those allegedly involved in the leak had not been held to account. The agitation was maintained amid police deployment, and candles were lit in memory of students said to have died by suicide following the controversy.
June 22, 2026
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Banking leadership appointment at NABARD brings an experienced executive to head its Assam unit with immediate effect.
NABARD appointed G Ramesh Kumar as Chief General Manager of its Assam unit with immediate effect, replacing Loken Das. He has over 30 years of experience in banking and finance, including rural and development banking, project and corporate debt financing, and prior leadership roles within NABARD and its subsidiaries.
June 22, 2026
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Growth and inflation outlook face monsoon and geopolitical risks, while the Indian economy remains supported by strong fundamentals.
Adverse south-west monsoon conditions may create headwinds for domestic growth and the inflation outlook, while the global economic landscape remains fragile amid continuing geopolitical tensions and trade disruptions. A breakdown of the interim West Asia peace arrangement could revive risks relating to inflationary expectations, energy infrastructure, investment spending, food security, financial stability, and structurally lower growth. The Indian economy is described as having stronger fundamentals, with growth supported by private consumption and fixed investment, anchored inflation, and a resilient external sector.
June 22, 2026
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Accountability in the NEET paper leak controversy drives continued sit-in protest and demands for examination reforms.
Demand for accountability in the NEET examination controversy continued at Jantar Mantar as the CJP held a sit-in protest over alleged paper leak, examination irregularities and the cancellation of the test. Protesters, including some NEET aspirants who took the re-examination, said they were mentally distressed by having to prepare and sit for the exam again after the earlier cancellation. The protest centred on criticism of the government's handling of late-arriving students, alleged inaction over the paper leak, and calls for the resignation of the Education Minister and reforms in the examination system.
June 22, 2026
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Environmental trade measures shape WTO and FTA discussions on export competitiveness, market access, and sustainable trade practices.
A two-day National Workshop/Chintan Shivir examines environment-related non-tariff measures and their implications for WTO rules and India's free trade agreements. The deliberations focus on the growing use of environmental and climate-linked trade measures, their impact on Indian exports and export competitiveness, and strategic responses that preserve market access while supporting sustainable trade practices. The workshop covers Technical Barriers to Trade, sustainability-related non-tariff measures, and carbon- and deforestation-related trade measures.
June 22, 2026
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GST refund delays deepen working capital stress for bicycle manufacturers seeking faster, transparent processing.
Punjab bicycle manufacturers have sought immediate release of pending GST refunds, saying delays in processing refund claims have created severe working capital and liquidity stress. They said higher GST on inputs than on bicycles has blocked substantial funds, and urged a fully faceless and online refund mechanism to improve transparency and reduce corruption.
June 22, 2026
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Trade exhibition platform boosts Indian manufacturing, export opportunities and global buyer engagement across the building materials sector.
Bharat Buildcon 2026 served as a major trade exhibition for the building materials, construction and infrastructure sectors, bringing together manufacturers, exporters, architects, builders, developers, contractors, distributors, retailers and global buyers on a single platform. The event showcased Indian manufacturing capabilities across multiple product categories and created opportunities for domestic and international business engagement. It also enabled Indian MSMEs and emerging manufacturers to connect with overseas buyers, distributors and sourcing partners, supporting export exploration, market expansion and broader global access.
June 22, 2026
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Unsecured personal loans with EMI calculator help borrowers compare tenures, estimate repayments, and plan budgets flexibly.
Bajaj Finance Personal Loan is described as an unsecured, collateral-free borrowing option with repayment tenures from 12 months up to 108 months, interest rates based on borrower profile, and a fully online application process with minimal documentation. A personal loan calculator helps borrowers estimate EMIs and total repayment amounts by comparing loan amount, tenure, and interest rate, enabling budget planning and repayment assessment before applying.
June 22, 2026
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Supplementary budget demands expand funding for farm loan waiver, welfare schemes, utilities and infrastructure.
Supplementary demands were tabled for the Maharashtra government, covering additional spending across unavoidable expenditure, programme-related spending and centrally supported schemes, with the net burden reduced after adjustments and recoveries. The largest proposed outlay was for the farm loan waiver scheme, alongside provisions for interest-free loans, electricity sector liabilities, urban development, employment missions, irrigation, welfare pensions, scholarship support and other public programmes.

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Horizon: Pioneering the Future of Elevated Residential Hospitality

June 15, 2026

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Raheja Universal has quietly redefined what a luxury residential address can be. At 60 floors above Raheja Imperia-I in Worli, it introduced a visionary concept that transformed the very idea of a residential address.

MUMBAI, 15th June 2026 — Most developers built for the market. Mr. Ashish Raheja MD & CEO, Raheja Universal, builds for a lifestyle.

At the crown of Raheja Imperia-I in Worli, Raheja Universal (Pvt) Ltd. has unveiled Horizon, one of the world’s highest residential restobars perched on the 60th floor and Mumbai’s first private rooftop social destination that is unlike anything India's residential real estate sector has produced. Horizon is the physical expression of a conviction Ashish Raheja has held for years: that the future of luxury living in India will not be measured in square feet, but in the quality of life those square feet make possible.

To bring Horizon to life, Raheja Universal strategically allocated 20500 sq. ft. of premium space, elevating the overall value proposition of Raheja Imperia.

In an industry hardwired to view every square foot strictly through the lens of revenue, this wasn't a standard corporate decision, but a statement of intent.

What stands at 600 feet above the Arabian Sea is the result. A restobar that belongs exclusively to the residents of Raheja Imperia, giving the address a dimension of privacy and prestige that no specification sheet can capture.

"With the rise of a new generation of buyers, the definition of luxury has moved beyond the four walls of a residence. It is now defined by the experiences, services, and environments that surround them. Horizon is our answer to that shift. By choosing to anchor a world-class social destination at the crown of Raheja Imperia-I, we have done something the market has not seen before: we have given our residents a private restobar in the sky, one that belongs to them, above the city they live in." Mr. Ashish Raheja, Managing Director & CEO, Raheja Universal (Pvt) Ltd.

Across decades of building some of Mumbai's most significant residential addresses, from Buckley Court in Colaba in the 1990s to One Altamount Road, Raheja Excelsior, Raheja Legend, Raheja Atlantis, and Raheja Anchorage, etc. the group has consistently understood that a great address is not simply a building. It is a way of living. Horizon is where that understanding meets its highest ambition.

The launch of Horizon also signals a more deliberate shift in how Raheja Universal is thinking about the resident experience across its portfolio. Beyond Horizon, one of India's most elevated residential hospitality experiences, the lifestyle space at Raheja Imperia-I also features Aeon, the infinity sky pool, Luna ,the open-air sky theatre, and Atmosphere, an open-air sky deck. Together, these form the lifestyle destination at Raheja Imperia-I called Vista. The same philosophy is evident across Raheja Universal's new portfolio - from Raheja District, a 60+ acre integrated mixed-use township in Vashi NX (Navi Mumbai), to Raheja Exotica, a 30+ acre development in Versova Island. These are projects conceived not merely as addresses, but as a complete lifestyle ecosystem. Horizon is not a one-time gesture. It is the template.

A Partnership Built for This Moment Horizon is operated by Aufside Hospitality LLP, a Mumbai-based hospitality platform founded in 2022, with an expanding portfolio of nine outlets across Maharashtra. The choice of Aufside as the operating partner reflects the same precision Raheja Universal applies to every aspect of its developments. This is not a vendor arrangement. It is a collaboration between a developer with a generational view of what a residential address should deliver and an operator that has built its reputation on experience-led hospitality.

"Horizon is a category of its own. What Raheja Universal has built here, a private sky destination embedded within a residential address, is something Indian real estate has not seen before. It changes the conversation about what a luxury home can include, and what a resident can expect from the address they choose." Pranav Trehan, Founder and CEO, Aufside Hospitality LLP The Address Raheja Imperia Has Always Been Raheja Imperia in Worli is built on a rare virgin land parcel in one of Mumbai's most established luxury corridors. 402 apartments spread over 5 acres, averaging only 80 residences per acre. One of the world's tallest residential skybridge connecting both towers. These are not features assembled from a luxury checklist. They are the consequence of a developer who has spent decades asking a question the industry rarely stops to consider: what happens after someone buys the apartment? Long-term value, in Raheja Universal's view, comes from experience, not inventory. Horizon is where that view becomes something you can stand in, look out from, and understand in a single evening.

About Raheja Universal (Pvt) Ltd.

Raheja Universal (Pvt) Ltd. is one of India's foremost luxury real estate developers with a four-decade legacy across Mumbai Metropolitan Region. Led by Mr. Ashish Raheja, MD & CEO, Raheja Universal , the company has delivered 10 million sq. ft. across 50 plus projects, housing more than 10,000 families across the city's most significant residential addresses. Raheja Universal's portfolio spans Raheja Imperia in Worli, Raheja Exotica on Versova Island, and the Raheja District in Vashi NX, Navi Mumbai.

About Aufside Hospitality LLP Aufside Hospitality LLP is a Mumbai-based hospitality management company with a portfolio of nine operational outlets across Maharashtra. Founded in 2022, Aufside specialises in experience-led hospitality across luxury rooftop restobars, sports-lifestyle F&B, and community entertainment venues. Aufside is the strategic operations partner for Horizon at Raheja Imperia-I, Worli.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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