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    WPI inflation rises to 9.68 pc in May as fuel, food, manufactured items see price spike
    TMC MP Abhishek Banerjee appears before ED for questioning in primary school jobs case
    More steps likely to attract foreign capital: Sitharaman
    India, UK discuss collaboration in tech, research, startups
    Rupee rises 58 paise to 94.60 against US dollar in early trade
    Goa Congress urges Sebi to withhold listing of Vedanta Iron and Steel Ltd
    Rupee-dollar fluctuations driven by global, domestic factors: Sitharaman
    2 arrested for operating fake common service centre, online fraud in Meerut
    Unauthorised absence by RBI official grave misconduct: HC; upholds his removal
    India's Russian oil imports rise in May as refiners boost purchases
    No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri
    Assam Cabinet decides to stop Aadhaar issuance to those aged above 18 yrs
    Advocate Aashutosh Srivastava Conferred Honorary Doctorate in Law by Washington Digital University, USA
    Ex-RCom official Gautam Doshi sent to 5-day ED custody in Rs 40,000 cr money laundering probe
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    OFCD case: SEBI moves SC against SAT relief to SICCL managers, company secretary
    AXISCADES Announces Strategic Engineering Services Divestment Program for Aerospace Engineering Services Business
    QCI and FDDI Sign MoU to Strengthen Quality and Skilling Ecosystem in Leather and Footwear Sector
    Assam Cabinet decides to stop Aadhaar issuance to those aged above 18: CM
    DPIIT, ONDC Bring FMCG Leaders Together to Digitise Procurement for India’s 1.4 Crore Kirana Stores Through DigiDukaan
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    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.
    June 14, 2026
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    Russian crude imports rise in India as refiners expand discounted purchases despite sanctions-related pressures.
    India's purchases of Russian crude increased in May as refiners expanded imports of discounted barrels, with Russian hydrocarbons accounting for a substantial share of the country's fossil fuel imports. Several major refining hubs recorded higher Russian crude arrivals, reflecting renewed buying by state-run refiners and continued dependence on Russian supply despite sanctions-related pressures. The report also notes that refineries using Russian crude continued to export oil products to sanctioning countries, underscoring the continued circulation of Russian-origin crude through international refining and product-trade channels.
    June 13, 2026
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    Energy supply and fuel pricing remain comfortable as excise cuts, stock levels, and E85 expansion shape policy.
    Energy supply conditions were described as comfortable, with no shortage of crude oil, LPG or natural gas and with stocks said to be sufficient for more than 60 days for crude oil and natural gas, and about 75-80 days for LPG. Fuel prices were said to have fallen in India after repeated reductions in central excise duty on petrol and diesel, while diesel sale capping was introduced to curb black marketing and E85 fuel infrastructure is being expanded.
    June 13, 2026
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    Aadhaar issuance restrictions tighten in Assam with adult applications curbed and limited exceptions requiring state approval.
    Aadhaar cards are to stop being issued in Assam to persons above 18 years, subject to limited exceptional cases requiring a district commissioner's proposal and state government approval. Aadhaar issuance will continue for persons below 18 years and, for the time being, for members of the Tea Tribe community, Scheduled Tribes, Scheduled Castes and persons with disabilities who have not yet received the document; the restriction is stated to become absolute for those communities above 18 years from April 1, 2027. The State says the measure is aimed at preventing illegal immigrants from obtaining Aadhaar cards.
    June 13, 2026
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    Honorary Doctorate in Law recognition highlights a legal career marked by public service, complex litigation, and professional integrity.
    Advocate Aashutosh Srivastava was conferred an Honorary Doctorate in Law by Washington Digital University, USA, in recognition of his professional dedication, legal service, public-oriented work, and commitment to justice, rights protection, and the rule of law. The article also records his legal career, including his practice since 2006, his firm, appearances before the Supreme Court and High Courts, and his work in complex litigation, economic offences, bail matters, enforcement proceedings, public interest litigation, and RBI-related disputes.
    June 13, 2026
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    Money laundering remand under the Prevention of Money Laundering Act granted to trace diversion of loan funds and offshore assets.
    Custodial remand under the Prevention of Money Laundering Act was sought in an alleged diversion-of-loan-funds investigation involving Reliance ADA Group entities, offshore remittances, foreign bank accounts and the layering of funds. The court granted five days' custody to the Enforcement Directorate to enable confrontation with seized emails, electronic records, financial documents and witness statements for tracing the fund trail, identifying the ultimate beneficiaries and locating domestic and overseas assets, while directing arrangements for medical care.
    June 13, 2026
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    SEBI enforcement and Aadhaar policy moves dominate a roundup of regulatory, possession, and bail-related legal developments.
    SEBI moved the Supreme Court challenging a Securities Appellate Tribunal order granting relief to managers and a company secretary in the Sahara OFCD matter. The roundup also notes a decision to stop Aadhaar issuance to persons above 18 years of age, fresh bail applications in the 2020 Delhi riots case, and the Centre's physical possession of the Jaipur Polo Ground in Delhi.
    June 13, 2026
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    Securities regulatory jurisdiction over debenture issuances and employee liability remains in focus in the SEBI challenge.
    Securities regulatory jurisdiction over optionally fully convertible debentures was affirmed on the basis that the debentures issued by Sahara India Commercial Corporation Ltd. were treated as a public offer rather than a private placement, in view of the large-scale mobilisation of funds from a very large number of investors. The tribunal separately granted relief to four managers and the company secretary, holding that they could not be treated as liable for the company's acts merely by reason of their employment. SEBI has challenged only this part of the ruling before the Supreme Court.
    June 13, 2026
    Show AI Summary
    Strategic divestment and transitional partnership reshape AXISCADES' aerospace engineering business through a two-tranche acquisition structure.
    A strategic divestment programme has been announced for AXISCADES' Aerospace Engineering Services business, under which Akkodis is to acquire a controlling interest in two tranches, beginning with 51% and followed by the balance over the next 24 to 30 months. The transaction covers design, engineering analysis, certification support and lifecycle engineering services, and is subject to customary regulatory and competition law clearances. The parties are to act as strategic partners during the transition, with transitional services for systems, certifications and employee continuity.
    June 13, 2026
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    Quality and skilling ecosystem partnership expands certification, testing access and training support for leather and footwear workers.
    Quality Council of India and Footwear Design and Development Institute have entered into a Memorandum of Understanding to strengthen the quality, testing, accreditation and skilling ecosystem in the leather and footwear sector. The collaboration is directed at building a structured framework for capacity building, certification, testing infrastructure development and quality ecosystem support across major footwear clusters, with emphasis on workers, MSMEs, supervisors and other stakeholders in the value chain. The partnership assigns QCI a role in providing technical guidance on accreditation principles, quality management systems and standards, while also supporting awareness initiatives on quality, testing, accreditation and applicable government schemes. FDDI is to lead cluster-specific skilling and training programmes, map testing and calibration laboratories, identify gaps in laboratory access, support sample collection centres and develop knowledge resources.
    June 13, 2026
    Show AI Summary
    Aadhaar issuance restriction targets adult applicants in Assam, with exceptional cases requiring state permission.
    Aadhaar card issuance in Assam is being restricted for persons above 18 years of age to prevent illegal immigrants from obtaining the document. In exceptional cases, a district commissioner may send a proposal to the State government seeking permission for issuance.
    June 13, 2026
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    General trade digitisation through DigiDukaan aims to streamline kirana procurement, improve scheme visibility, and strengthen FMCG supply chains.
    DPIIT and ONDC convened an industry roundtable on DigiDukaan to digitise B2B procurement for kirana stores across India's General Trade ecosystem. The discussion focused on fragmented ordering, limited inventory visibility and manual sales processes, and on how open digital infrastructure can improve procurement efficiency, scheme visibility, fill rates, working capital management, distributor reach and access to retailer demand signals.

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      Sasken Technologies-Backed Team Clinches First-Ever Gold for India at European Girls Olympiad in Informatics 2026

      June 15, 2026

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      ~ Sasken's continued support for the Indian Computing Olympiad reinforces its commitment to nurturing algorithmic excellence and future-ready engineering talent ~ BENGALURU, India, June 15, 2026 /PRNewswire/ -- Sasken Technologies Ltd. (BSE: 532663) (NSE: SASKEN), a leading provider of product engineering services, today announced that the Indian team supported by Sasken, in association with CodeChef, has won the country's first-ever gold medal at the European Girls Olympiad in Informatics (EGOI) 2026, held in Italy from May 12-18, 2026.

      The Indian contingent comprising Lyra Floyd Gonsalves (Mumbai), Swasti Patil (Pune), Mansi Sane (Mumbai), and Diya Sathishdev (Chennai) delivered India's best-ever performance at the prestigious global competition, marking a significant milestone for the country's competitive programming ecosystem.

      The achievement comes through the Indian Computing Olympiad (ICO), India's premier platform for competitive programming and algorithmic problem-solving, which serves as the selection pathway for international competitions including the International Olympiad in Informatics (IOI), Asia Pacific Informatics Olympiad (APIO), and EGOI.

      The 2026 edition of the Olympiad saw more than 1,500 student registrations across the Zonal Informatics Olympiad (ZIO) and Zonal Computing Olympiad (ZCO). This led to 61 medal winners at the Indian National Olympiad in Informatics (INOI), with 36 students shortlisted for the IOI Training Camp.

      Sasken has been a long-term supporter of India's computing Olympiad ecosystem through initiatives led by IARCS, reinforcing its commitment to advancing foundational computing and deep-tech talent in the country. As industries globally prioritise AI, embedded systems, semiconductors, and intelligent connectivity, the importance of early-stage computational talent development rooted in algorithmic thinking, logical reasoning, and advanced problem-solving, has become increasingly critical.

      "India's future competitiveness in AI, semiconductor systems, and intelligent technologies will depend significantly on how we invest in foundational computational talent today," said Rajiv C. Mody, CMD & CEO, Sasken Technologies. "Our support for the Computing Olympiad ecosystem is part of our broader commitment to enabling India's next generation of deep-tech innovators and engineering leaders. These young minds represent the future of advanced engineering - not just for India, but for the world." "This year marks India's best-ever performance at EGOI, including our first-ever gold medal at the competition. This achievement is a testament to the exceptional talent, dedication, and potential of India's young computing enthusiasts," said Madhavan Mukund, Professor and Director, CMI "We are grateful for Sasken Technologies continuous support, which has been instrumental in enabling our students to compete and excel on the global stage." Sasken's engagement also highlights its focus on diversity and inclusion in STEM. By supporting EGOI, Sasken is enabling young women to access world-class competitive programming ecosystems, fostering future technology leadership and inclusive innovation.

      With over three decades of engineering excellence across semiconductors, automotive, telecom, and connected devices, Sasken continues to invest in capability creation beyond recruitment - contributing to India's broader technology ecosystem and its ambition to become a global deep-tech talent hub.

      About Sasken Group: The Sasken Group is a global leader in Product Engineering, delivering concept-to-market, chip-to-cognition R&D services for Semiconductor, Automotive, Industrials, Telecom, Consumer Electronics, and more. With 30+ years of innovation, multiple patents, and partnerships with 100+ Fortune 500 companies, Sasken has powered over a billion devices worldwide. Its portfolio includes Borqs Technologies, a leader in IoT software, Android-based devices, & 5G solutions, backed by deep chipset partnerships and a rich library of software IP, and Sasken Silicon, offering advanced semiconductor design and engineering. Together, the group provides deep domain expertise, IP, and agile execution to help customers accelerate innovation, reduce complexity, and achieve sustainable competitive advantage.

      Media Contact: Rekha Sahay Ghosh Head of Marketing & Communications E: [email protected] T: +91 080 6694 3009 Disclaimer on Forward Looking Statements: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions which have an impact on our business activities or investments, changes in the laws and regulations that apply to the services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in for IT professionals, the loss of significant customers, the monetary policies in India and globally, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally. The Company may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Stock Exchanges and our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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

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