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    Commerce Secretary Shri Rajesh Agrawal co-chairs 14th Session of India-Uzbekistan Intergovernmental Commission
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June 20, 2026
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Trade expansion and non-tariff barrier review shape India-Uzbekistan cooperation across sectors, digital systems and logistics.
India and Uzbekistan agreed to deepen bilateral trade, address non-tariff barriers and work towards doubling trade over the next three years through the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation. The parties discussed expansion of Indian exports across multiple sectors, priority cooperation in pharmaceuticals and agriculture, and wider collaboration in ICT, digital infrastructure, customs data exchange, payment systems, energy and critical minerals. Non-tariff barriers, logistics connectivity and business engagement were identified as key areas for review and implementation.
June 20, 2026
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Anti-money laundering leadership strengthens as India assumes FATF Vice-Presidency for the first time.
India has assumed the Vice-Presidency of the Financial Action Task Force for the first time, with Shri Vivek Aggarwal appointed for the term July 2026 to June 2027. The Vice-President is elected by the FATF Plenary and assists the President in steering the organisation's work. The appointment places an Indian official in a key role within the global standard-setting body for anti-money laundering and counter-terrorist financing.
June 20, 2026
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Audit quality and financial reporting standards drive NFRA-ICAI workshop focus on professional capacity and global competitiveness.
NFRA, in collaboration with ICAI, organised a workshop in Pune to enhance professional capacity for audit practitioners, strengthen audit quality and improve the quality of financial reporting. The programme focused on the role of the accountancy profession in safeguarding public interest and maintaining trust in financial reporting, while urging audit firms, including small and medium practitioners, to align with contemporary global standards and continuously improve competence.
June 20, 2026
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MSME-led trade expansion drives Uttar Pradesh's BRICS exports, with industrial support schemes linking artisans, youth and global markets.
Uttar Pradesh reported expanding trade links with BRICS member and partner countries, with exports of machinery, garments, leather, carpets and precious stones crossing USD 5.36 billion in 2025-26. The state also highlighted the MSME sector as a driver of employment and growth, along with the One District One Product scheme, Vishwakarma Shram Samman Yojana, youth entrepreneurship support through interest-free, guarantee-free loans, and MSME parks under the PLEDGE scheme.
June 19, 2026
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NCLT asset takeover follows declaration of illegal entity, with property vested and encroachment warned against.
NCLT has taken over the assets and properties of the Sirajul Uloom Welfare Foundation after it was declared an illegal entity, with all properties vested in the National Company Law Tribunal, Chandigarh. The order warns that interference with, encroachment upon, or trespass over the properties would violate the tribunal's directions and attract action under the relevant legal provisions.
June 19, 2026
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Fresh litchi export facilitation boosts Uttarakhand growers and opens European market access through coordinated export support.
Facilitation of the first-ever export consignment of fresh litchis from Uttarakhand to Italy marked the State's entry into the European market. The inaugural shipment of one metric tonne of Dehradun litchi was dispatched from Dehradun, with the export covering varieties such as Rose Scented, Calcuttia and Bedana cultivated in the Dehradun, Haridwar, Nainital and Udham Singh Nagar districts. The export initiative provided a financial boost to local growers, with farmers reportedly securing prices nearly 25 per cent higher than prevailing domestic market rates.
June 19, 2026
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Regulatory and market updates include buyback reforms, IPO approvals, RBI caution on rates, and food safety notices.
Employment incentives were disbursed under Pradhan Mantri Viksit Bharat Rozgar Yojana, with support extended for new jobs and the employment count under the scheme reported as having crossed 70 lakh. Sebi approved the reintroduction of share buybacks through stock exchanges, allowed open-market repurchases from August 1, and capped the execution period at 66 working days. The RBI Monetary Policy Committee maintained a wait-and-watch stance on interest rates amid uncertainty over inflation and growth. Food safety notices, forex reserve data and market updates were also reported.
June 19, 2026
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Share buyback framework returns through stock exchanges with tighter execution limits and simpler market access rules.
Sebi approved the reintroduction of share buybacks through stock exchanges, allowing companies to repurchase their own shares through regular trading mechanisms without a dedicated buyback window, with the execution period capped at 66 working days. The board also eased mutual fund borrowing norms, simplified securities transmission procedures, approved a green-channel mechanism for AIFs, strengthened governance and disclosure requirements for Sebi members and employees, and cleared amendments to frameworks for SDIs and municipal debt securities.
June 19, 2026
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Market access for tribal farmers takes centre stage as NABARD promotes organically grown mangoes and buyer linkages.
Market access for tribal farmers was promoted through a mango festival organised by NABARD in Ranchi, featuring naturally grown, export-quality mangoes sourced from NABARD-supported tribal farmers. The initiative was linked to NABARD's Tribal Development Fund and farmer-producer organisations, and was intended to connect farmers with premium domestic and international buyers, including exporters and food processing companies, for organically grown produce.
June 19, 2026
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FEMA investigation over alleged unauthorised crypto-based cross-border transfers and RBI unauthorised payment services
Enforcement Directorate initiated a FEMA investigation against five Bengaluru-based companies alleged to have used cryptocurrency and virtual digital assets for cross-border money transfers without authorisation from the RBI. The allegations concern online advertising of instant crypto-based conversion and transfer services, including buying, selling and swapping cryptocurrency for global remittances, and search operations at multiple premises in Karnataka. The probe also refers to alleged circumvention of FEMA regulations through OTC deals, shell entities and foreign-based crypto platforms, along with restraint orders on certain bank accounts.
June 19, 2026
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Foreign exchange controls tighten as Sri Lanka moves to closely monitor imports and curb leakages.
Sri Lanka is introducing a new regulatory framework to closely monitor imports in order to prevent foreign exchange leakages. The measure is directed at tighter oversight of import activity and is intended to curb outflows of foreign currency through the trade channel. The stated focus is on enhanced monitoring and compliance control over imports as part of broader foreign exchange management.
June 19, 2026
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Monetary policy wait-and-watch approach prevails as inflation, growth and external shock uncertainties keep rates unchanged.
The Monetary Policy Committee maintained the benchmark policy rate and neutral stance, adopting a wait-and-watch approach amid heightened uncertainty over inflation and growth. Members cited the West Asia conflict, supply-chain disruptions, monsoon variability, and possible energy and food price pressures as factors making near-term projections unstable. The neutral stance was described as preserving operational flexibility to respond to changing macroeconomic conditions.
June 19, 2026
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Artificial intelligence and digital expansion drive Reliance growth plans alongside Jio Platforms' proposed public listing.
Reliance outlined growth plans across artificial intelligence, satellite broadband, clean energy, consumer businesses and exports, while Jio Platforms filed draft papers for a fresh issue of shares as part of a proposed initial public offering. The digital business is positioned for broader 5G expansion, enterprise technology services and overseas commercialisation, while the AI venture is intended to build infrastructure, platforms and services for consumers, enterprises and governments. The group also highlighted clean-energy investments, a shift from oil-to-chemicals toward chemicals and advanced materials, and further expansion in retail and manufacturing.
June 19, 2026
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Free AI certification platform offers QR-verified credentials through Claude AI, making AI skill recognition faster and more accessible.
Aimanthan is a free AI certification platform that gives Indian learners a QR-verified certificate in minutes at zero cost, using Claude AI to generate unique questions, evaluate answers contextually, and issue a score, grade and level based on demonstrated knowledge. Each certificate carries a unique certificate number and QR verification code for live authentication, and the platform also offers AI-powered courses, an AI tutor, college partnership programmes and alignment with Skill India, Digital India and the IndiaAI Mission.
June 19, 2026
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Inflation vigilance and a wait-and-watch monetary stance shape the policy response amid uncertainty and price pressures.
The Monetary Policy Committee minutes record a wait-and-watch approach to monetary policy amid heightened uncertainty over inflation and growth. The Governor supported maintaining the policy rate unchanged while retaining a neutral stance, citing risks arising from conflict-related disruption, supply-chain pressures, and the impact of monsoon conditions on energy, food, and other commodity prices. The minutes also stress the need to remain watchful about the generalisation of inflation in the coming months.
June 19, 2026
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Digital wallet limits spark user opposition as survey backs retaining or increasing caps and linking them to KYC levels.
A public survey of digital wallet users showed broad opposition to reducing wallet storage and transaction limits proposed under the draft Master Direction on Prepaid Payment Instruments, 2026. Most respondents wanted limits retained or increased, while others supported limits linked to the level of KYC or authentication completed by the user. The survey linked lower limits with inconvenience in daily payments and questioned whether tighter caps would reduce fraud. The draft framework was also noted to include higher Full-KYC wallet balances, lower cash top-up limits, transfer caps, interoperability, immediate refunds, and stricter compliance requirements.
June 19, 2026
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Foreign exchange reserves decline as gold reserves fall, while foreign currency assets rise in RBI data.
India's foreign exchange reserves declined during the reporting week, primarily because of a sharp fall in gold reserves, even though foreign currency assets increased. The RBI data showed that the overall reserves fell to USD 671.625 billion, while special drawing rights and India's reserve position with the IMF also recorded marginal declines.
June 19, 2026
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Open market share buybacks through exchanges gain a faster route, alongside eased fund borrowing and quicker AIF fundraising.
Reintroduction of open market share buybacks through stock exchanges provides companies with an additional mechanism for undertaking buybacks and is intended to ensure equitable opportunity and tax treatment for public shareholders. The measure is accompanied by a faster execution timeline for such buybacks. Relaxation of intra-day borrowing norms for mutual funds eases borrowing constraints, while a green-channel mechanism for alternative investment funds permits fundraising to begin within 10 working days of filing placement memorandums.
June 19, 2026
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Banking fraud and stressed loan settlements draw scrutiny over alleged nexus among banks, asset reconstruction companies and borrowers.
Concerns were raised over an alleged nexus between banks, asset reconstruction companies and borrowers in the settlement of stressed loans, with emphasis on misuse of public money and inadequate recovery efforts. A plea sought a probe into alleged banking frauds involving public sector banks, asset reconstruction companies and a Noida-based infrastructure firm, including diversion of loan funds through shell companies, non-existent vendors, undisclosed bank accounts and suspected fraudulent transactions.
June 19, 2026
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Agri-export promotion gains momentum as fresh Uttarakhand litchi enters the European market through coordinated value-chain support.
APEDA facilitated the first export consignment of fresh Uttarakhand litchi from Dehradun to Italy, marking entry into the European market and demonstrating the export potential of Uttarakhand's horticulture sector. The shipment reflects the growing international acceptance of India's premium fresh fruits and the expanding presence of Himalayan produce in high-value overseas markets. The initiative highlights coordinated value-chain support, quality production practices and export-oriented horticulture, while indicating better price realisation for growers.

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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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