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    Gujarat govt unveils new industrial policy, targets Rs 10 lakh crore investment over 5 years
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June 15, 2026
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Industrial policy incentives drive manufacturing, innovation, start-up support and green growth under Gujarat's five-year development roadmap.
Gujarat's new industrial policy sets a five-year roadmap to attract investment, strengthen advanced manufacturing and innovation, and support inclusive industrial growth through differentiated incentives. It provides a flexible incentive framework for MSMEs, large projects, thrust sectors, start-ups and R&D centres, while also encouraging industrial relocation, green production and infrastructure support for housing, skill centres and modern industrial parks.
June 15, 2026
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Rupee gains on lower crude prices and weaker dollar as improved global risk sentiment supports the currency.
The rupee strengthened against the US dollar amid improved global risk sentiment following a reported US-Iran deal, a sharp fall in Brent crude prices, a weaker dollar and lower US Treasury yields. Market participants linked the currency move to reduced oil-import pressure, easing inflation concerns and a revival in domestic equity markets.
June 15, 2026
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Trade deficit widens as exports hit a six-month high, with petroleum imports, West Asia tensions and rupee depreciation shaping flows.
India's merchandise exports rose to a six-month high in May, while the trade deficit widened as import growth outpaced export growth, largely due to higher petroleum and gold imports and elevated crude prices. Export gains were led by electronic goods, petroleum products, engineering items and pharmaceuticals, while several sectors recorded negative growth. The report notes that exports to West Asia remained close to the previous year's level despite regional disruptions, and that easing geopolitical tensions and any reopening of the Strait of Hormuz would be positive for trade, shipping, freight stability and supply chains.
June 15, 2026
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Money laundering probe targets cryptocurrency Ponzi scheme using layered transfers, token manipulation and concealed property purchases.
Money laundering investigation under the Prevention of Money Laundering Act arose from an alleged cryptocurrency-based multi-level marketing scheme said to have induced public investment in Korvio Coin through assured returns, promotional events, token-value manipulation and a Ponzi-style repayment structure. The alleged operation used online platforms and foreign servers, with funds routed through bank accounts, fictitious firms and intermediaries, and a portion converted into cryptocurrency to obscure the trail.
June 15, 2026
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Comprehensive Partnership between India and Slovakia expands trade, mobility, defence and counterterrorism cooperation.
India and Slovakia elevated their bilateral relationship to a Comprehensive Partnership and agreed to deepen cooperation in migration, digital technology, defence, higher education, quantum communication, energy, and labour mobility. They also supported the early implementation of the India-European Union free trade agreement, welcomed a memorandum on labour migration, and agreed to work towards an early Social Security Agreement. The two sides further reaffirmed support for multilateral reform and strengthened counterterrorism cooperation.
June 15, 2026
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Soybean meal exports weakened as high prices and the West Asia crisis disrupted shipments to key markets.
Soybean meal exports declined sharply in May because Indian prices remained higher than those in major exporting countries and the West Asia crisis disrupted shipments. The reduction was attributed to weakened export competitiveness and the halt in supplies to Iran and the UAE, with exports to Kuwait and Oman also severely affected.
June 15, 2026
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Current account surplus rises on stronger services exports and transfer receipts, even as capital account shows net outflow.
India recorded a current account surplus in April, driven by higher services exports and increased net transfer receipts, even though the merchandise trade deficit remained elevated and imports exceeded exports. Preliminary balance of payments data showed a wider import bill, stronger export receipts, higher net services receipts, and a rise in net transfers compared with the corresponding month of the previous year. On the capital account, the month saw a net outflow, with foreign direct investment showing an increase and foreign portfolio investment recording a net outflow. The overall balance of payments consequently reflected a deficit for the month, while the preceding January-March quarter had shown a current account surplus measured as a share of GDP compared with the year-ago quarter.
June 15, 2026
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Comprehensive Partnership deepens India-Slovakia cooperation across trade, defence, labour migration and energy security.
India and Slovakia elevated their bilateral ties to a Comprehensive Partnership and finalised agreements covering labour migration, defence, digital technologies, higher education and quantum communication. The talks also focused on energy security, strategic cooperation and support for the earliest implementation of the India-European Union free trade agreement. Both sides endorsed orderly, safe and legal mobility of skilled professionals and agreed to work towards an early Social Security Agreement to support welfare and social protection for mobile workers.
June 15, 2026
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India's external trade growth trends show higher exports, rising imports, and expanding services surplus in May 2026.
India's external trade for May 2026 and April-May 2026-27 showed growth in merchandise and services exports, but imports also rose and trade deficits persisted. Total exports were estimated at US$ 81.96 billion in May 2026 and US$ 162.69 billion for April-May 2026-27, while imports were estimated at US$ 92.47 billion and US$ 182.83 billion respectively. Services exports, non-petroleum exports, and several commodity categories recorded positive growth, with petroleum products, engineering goods, chemicals, electronic goods, and gems and jewellery identified as major drivers of merchandise export growth.
June 15, 2026
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Insolvency and Bankruptcy Code reform advances focus on cross-border insolvency, creditor-led resolution, and technology-driven restructuring.
A national conference on India's restructuring ecosystem marked a decade of the Insolvency and Bankruptcy Code and highlighted institutional capacity building through the convocation of insolvency professionals. The discussions stressed coordinated judicial, regulatory and institutional action for timely and value-maximising resolution, with cross-border insolvency, the UNCITRAL Model Law, the Creditor-Initiated Insolvency Resolution Process, pre-packaged insolvency, ADR, distressed asset markets, rescue financing and technology-driven reforms identified as key areas of future development.
June 15, 2026
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Logistics modernisation drives the India Logistics Conclave 2026, spotlighting digital customs, infrastructure, and trade facilitation.
The Brihanmumbai Custom Brokers' Association will host the India Logistics Conclave 2026 in Mumbai on 17 June 2026 as its second flagship policy forum, bringing together government, ports, customs and industry leadership under the theme of logistics-led national development. The programme is positioned as a dialogue on India's trade-and-logistics ecosystem, including the Viksit Bharat 2047 roadmap, digital customs, geopolitical realignments, infrastructure delivery and the evolving role of licensed intermediaries. The conclave presents customs brokers and freight forwarders as front-line partners in trade facilitation and focuses on trade policy, infrastructure and logistics modernisation.
June 15, 2026
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Algorithmic excellence and STEM inclusion drive India's first-ever gold at the European Girls Olympiad in Informatics.
Sasken Technologies announced support for the Indian team that won India's first-ever gold medal at the European Girls Olympiad in Informatics 2026. The release links the achievement to the Indian Computing Olympiad ecosystem and highlights long-term support for algorithmic excellence, foundational computing skills, deep-tech talent, and the participation of young women in STEM.
June 15, 2026
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Wind energy capacity expansion and supply chain transparency drive India's domestic manufacturing and export competitiveness.
India's wind energy sector is being positioned for rapid capacity expansion, with the stated target of reaching 100 GW of installed wind capacity by 2030 and 155 GW by 2035. The sector has already crossed 56.1 GW of installed capacity and added a record 6.1 GW in FY 2025-26, while stakeholders have identified more than 100 GW as necessary for an affordable and sustainable energy transition. The industry is also described as supporting the broader Atmanirbhar Bharat objective through a resilient domestic supply chain and increasing manufacturing capability.
June 15, 2026
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Exports and imports data show higher trade deficit amid strong export growth and rising petroleum-driven imports.
Exports rose to a six-month high in May, while imports also increased, causing the trade deficit to widen on a year-on-year basis even though it eased slightly from April. Export growth was driven by electronic goods, petroleum products, engineering items and pharmaceuticals. For April-May 2026-27, exports and imports both recorded double-digit growth, leaving a larger cumulative trade deficit. Gold and crude oil imports rose sharply during the period, while exports to West Asia remained close to the previous year's level despite regional disruption.
June 15, 2026
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Luxury residential hospitality redefined through a private rooftop restobar, resident-exclusive experiences, and integrated lifestyle ecosystems.
Luxury residential development is being repositioned around experience-led amenities rather than apartment size alone, with Horizon introduced as a private rooftop restobar at the crown of Raheja Imperia-I in Worli. The concept is presented as a resident-exclusive social destination on the 60th floor, designed to enhance privacy, prestige and lifestyle value within a residential address. The project is also described as part of a broader portfolio strategy centred on integrated lifestyle ecosystems and collaboration with a hospitality operator.
June 15, 2026
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Fertiliser supply security remains comfortable as government finalises urea imports and reviews Kharif-season availability.
The government said it is finalising imports of 17 lakh tonnes of urea to strengthen domestic supply while maintaining that fertiliser availability for the ongoing Kharif season remains comfortable. The Department of Fertilizers said stocks are above the usual level, domestic production and imports have supplemented supply after the West Asia crisis, and more than 50 lakh tonnes of urea and P&K fertilisers have been secured from multiple countries. The department also said subsidy bills are being paid weekly and adequate budget support is available.
June 15, 2026
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India-US trade talks advance as both sides seek to finalise an interim framework amid shifting tariff conditions.
Interim India-US trade agreement discussions are scheduled to continue, with talks centred on finalising the framework deal and advancing the broader bilateral trade agreement. The framework covers trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment and related areas of mutual interest. The article also notes that changes in the US tariff landscape may require recalibration of the agreement, while Section 301 investigations and a proposed tariff measure linked to forced labour remain under consideration.
June 15, 2026
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Aadhaar identity proof dispute seeks limits on its use for citizenship, address and voter registration verification.
A public interest plea seeks directions to ensure that Aadhaar is used strictly as proof of identity and not as proof of citizenship, domicile, residential address or date of birth. The petition invokes the Aadhaar Act, the Representation of the People Act and Article 14 to challenge Aadhaar-based verification in new voter registration forms, and alleges that the existing electoral verification mechanism is inadequate. It also seeks a comprehensive overhaul of the framework and a monitoring committee to oversee reforms.
June 15, 2026
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Wholesale price inflation and producer price indices show energy shocks, a revised index base, and a shift toward PPI tracking.
Wholesale price inflation rose to a record high in May, driven mainly by sharp increases in fuel and power costs and other energy-linked inputs. The government revised the wholesale price index base year to 2022-23, expanded the WPI basket, and released producer price indices for the first time, including services PPI for selected service sectors. The stated objective is to track output and input price movements and gradually replace WPI data with PPI in line with global practice.
June 15, 2026
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Rupee appreciation gains support from softer crude, weaker dollar and improved risk sentiment after the US-Iran deal.
Rupee appreciation in the foreign exchange market was driven by improved global risk sentiment after a US-Iran deal eased geopolitical tensions and pushed down crude oil prices. A weaker US dollar, lower treasury yields and a sharp rise in domestic equity markets also supported the local currency, with traders noting that softer energy prices may ease inflation pressure and improve external balance conditions.

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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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