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    Exports register 6-month high growth of 18 pc in May; trade deficit widens to USD 28.21 bn
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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.
June 15, 2026
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Credit card disclosure and payment flexibility shape AU Small Finance Bank's customer-first card range.
AU Small Finance Bank's credit card range is structured around customer-first features, variant-specific rewards and spending patterns, with clear disclosure of interest rates, finance charges and fees. The cards offer multiple bill payment channels, including mobile banking, net banking, BBPS, UPI, NEFT, IMPS, auto-pay and assisted digital channels. Card benefits, eligibility, issuance, charges and terms remain subject to the cardholder agreement, internal policy and periodic review.
June 15, 2026
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Merchandise exports rise as imports climb further, widening the trade deficit in May.
Merchandise exports increased in May, while imports also rose, resulting in a larger trade deficit. Commerce ministry data showed exports at USD 45.2 billion and imports at USD 73.41 billion for the month. For April-May 2026-27, merchandise exports rose to USD 88.91 billion, reflecting growth over the corresponding period of the previous year.
June 15, 2026
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Digital governance and Aadhaar access are highlighted as key tools for making public services more efficient and inclusive.
Digital governance in Delhi should demonstrate efficiency, inclusivity and accessibility, with institutions adapting to rising expectations for transparency and service delivery. An Aadhaar Seva Kendra was inaugurated to improve access to Aadhaar enrolment, biometric updates and related services. The availability of operational Aadhaar centres is part of the broader effort to make governance more accessible and transparent for residents.
June 15, 2026
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Money laundering probe over alleged suspicious payments and loans linked to CMRL and associated entities.
Enforcement Directorate questioning was undertaken in connection with a money laundering probe involving Cochin Minerals and Rutile Limited, its associated entities, and persons linked to the Kartha family and Veena Vijayan. The probe concerns allegations that CMRL made payments to Exalogic Solutions Private Limited without receiving services in return and that related lending transactions were extended despite alleged repayment defaults. The agency has alleged that these dealings generated proceeds of crime and registered the case under the Prevention of Money Laundering Act.
June 15, 2026
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Wholesale price inflation surges as fuel, food and manufactured goods costs rise amid global energy pressures.
Wholesale price inflation rose to 9.68 per cent in May, driven by higher fuel and power, manufactured products, and food articles. The WPI inflation data was released with the base year revised to 2022-23 from 2011-12. Retail inflation also increased, while the Reserve Bank of India continued to focus on consumer price inflation for monetary policy and raised its inflation projection for the current fiscal year because of higher global energy prices and mounting input costs.
June 15, 2026
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PMLA money trail scrutiny drives questioning in the primary school recruitment probe, with financial records and digital evidence cross-checked.
Enforcement Directorate questioning in a PMLA probe into alleged irregularities in primary school recruitments focused on tracing the alleged proceeds of crime and the movement of funds through accounts and entities. The interrogation was to be videographed and cross-checked against financial documents, digital records and statements of other accused persons, with clarification sought on inconsistencies between earlier submissions and materials recovered during searches.
June 15, 2026
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Foreign capital inflows get tax and forex support through RBI swap facilities and concessional borrowing measures.
Measures to attract foreign capital included tax exemptions for foreign investors in government securities and RBI-backed swap facilities for banks and public sector undertakings. The framework allowed banks access to the FCNR(B) swap facility for currency risk management and offered a concessional forex swap facility to encourage external commercial borrowings, with currency hedging borne by the RBI as part of a calibrated approach to support market inflows.
June 15, 2026
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India-UK collaboration in innovation and technology advances alongside talks on trade pact implementation challenges.
India and the UK discussed strengthening bilateral collaboration in innovation, technology, research, startups, and emerging technologies. The meeting also covered issues linked to implementation of the free trade agreement, including British steel safeguard measures that have created obstacles to operationalising the pact.
June 15, 2026
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Rupee appreciation gains strength as softer crude, weaker dollar and easing energy tensions support the currency market.
The rupee strengthened in early interbank trade on the back of softer global crude prices, a weaker US dollar and firm domestic equity markets. Forex traders linked the appreciation to easing energy market pressure after the US and Iran finalised a peace deal expected to reopen the Strait of Hormuz and reduce global oil supply disruption concerns. Market commentary suggested an appreciating bias, while the broader context also noted net foreign institutional selling and a decline in India's forex reserves reported by the RBI.
June 14, 2026
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Disclosure obligations under LODR are challenged over alleged non-disclosure of contingent liability in a demerger listing.
Sebi was urged to withhold the listing of Vedanta Iron and Steel Ltd. pending full disclosure of an alleged contingent liability linked to Goa iron ore mining operations. The complaint alleged that Vedanta Ltd. failed to disclose the liability in demerger documents and stock exchange filings, raising possible breaches of LODR disclosure obligations concerning material information and contingent liabilities. The request also sought a show-cause notice, a bank guarantee in favour of the Goa government, and an independent inquiry into the demerger scheme.
June 14, 2026
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Rupee volatility and forex management are driven by global factors, while RBI intervenes only to curb excessive market swings.
Rupee-dollar fluctuations are driven by multiple global and domestic factors, including geopolitical uncertainty, foreign capital movements and import dependence on crude oil, fertilisers and gold. The Reserve Bank of India intervenes only to curb excessive volatility and stabilise the market temporarily, not to maintain a fixed exchange rate. The finance minister also linked exchange rates to global currency movements, foreign investment flows and foreign exchange management needs.
June 14, 2026
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Fake identity documents and bank accounts allegedly used to run online fraud through a forged common service centre operation.
Alleged operation of a fake Common Service Centre and use of forged identity documents for opening bank accounts and facilitating online frauds. The activity was said to involve fake seals, fabricated records, debit and credit cards, mobile phones, and online payment platforms for illegal gains. A complaint linked to one bank account had earlier been registered on the National Cyber Crime Reporting Portal, and a case was registered under relevant provisions of the Bharatiya Nyaya Sanhita, the Information Technology Act and the Aadhaar Act.
June 14, 2026
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Unauthorised absence as grave misconduct in RBI service discipline, with compulsory retirement sustained after repeated opportunities were ignored.
Unauthorised absence by a senior assistant of the Reserve Bank of India was treated as grave misconduct because prolonged absence from a responsible post was considered detrimental to public interest and capable of justifying disciplinary action. The employee had remained away from duty without permission, and repeated directions to resume work or submit a supported leave application were not met. The disciplinary process included a show-cause notice and enquiry, but several opportunities were given for participation, so the plea of breach of natural justice was not accepted.

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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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