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    CCI approves subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited
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June 17, 2026
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Competition Commission approval for equity subscription in a financial services company through a proposed combination
Competition Commission approval was granted for a proposed combination involving the subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited. The transaction concerns a minority equity subscription in a financial services enterprise, with the Commission's detailed order stated to follow.
June 17, 2026
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Proposed combination approval for acquisition of asset management and trustees businesses by TVS entities.
Approval of a proposed combination involving acquisition of 100% of the issued, subscribed and paid-up share capital of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited. TVS Emerald Limited is engaged in real estate development in India, while TVS Venu Management and Consultancy Services Private Limited presently has no business activities. The target entities are engaged in wealth management, including mutual funds, portfolio management services, alternative investment funds and investment advisory services.
June 17, 2026
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Competition clearance for acquisition and CCPS subscription in Romsons Group under a proposed internal restructuring.
Competition Commission of India clearance was granted for a proposed combination involving internal restructuring of the Romsons Group and the subscription to compulsorily convertible preference shares together with acquisition of equity share capital in Romsons Group Private Limited by Jongsong Investments Pte. Ltd. The acquirer is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings Private Limited. The target is engaged in the manufacture and sale of medical devices and personal care and hygiene products.
June 16, 2026
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Fiscal space for new programmes remains minimal as Tamil Nadu's White Paper flags higher deficits, borrowing constraints, and understated liabilities.
Tamil Nadu's White Paper on state finances says there is only minimal fiscal space for new programmes because projected deficits remain high, borrowing is constrained, and committed expenditure is understated. It notes over-projected tax revenue, omitted recurring liabilities, and limited borrowing headroom, leading to a much larger expected revenue deficit and fiscal deficit than budgeted. The paper also highlights worsening debt, interest burden, revenue weakness, and the need for sustained revenue mobilisation, expenditure control, debt management, and clean governance.
June 16, 2026
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Wholesale Price Index revision with base year 2022-23 expands coverage, updates methodology, and introduces new producer price indices.
Wholesale Price Index and Producer Price Indices are being revised with base year 2022-23, replacing the existing WPI series with base year 2011-12. The revised framework introduces a larger commodity basket, updated grouping of energy items, revised weight derivation using Gross Value of Output for WPI, short-term formulation for elementary indices, and targeted mean imputation for missing prices. Output PPI, trial Input PPI, and Service PPIs are also introduced, with monthly, experimental, and quarterly release schedules, respectively, and back-series data made available on the official portal.
June 16, 2026
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Corporate insolvency resolution process scrutiny deepens amid alleged circular transactions, fraudulent asset transfers, and voting-rights violations.
Enforcement Directorate searches were conducted at 17 locations in Maharashtra and Delhi in a money laundering investigation linked to alleged irregularities in a corporate insolvency resolution process. The probe concerns an allegedly fraudulent loan and other loans, and is aimed at gathering material on circular transactions, fraudulent takeover of stressed assets, under-valuation of auctioned assets, inflated and fraudulent claims, violation of creditor voting rights, and lack of transparency in the insolvency resolution process.
June 16, 2026
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Bail jurisprudence and Article 22 safeguards shaped a detailed discussion on PMLA, economic offences, and criminal litigation complexity.
Bail jurisprudence in criminal cases was discussed with emphasis on the constitutional balance between personal liberty and the interests of justice. The lecture explained the constitutional foundations governing bail, the evolution of judicial interpretation through precedent, and the principles considered by courts while granting or refusing bail in criminal proceedings. It also covered Article 22 safeguards, including protections relating to arrest, detention, legal representation, and procedural rights, and focused on the Prevention of Money Laundering Act, the Enforcement Directorate, stringent bail conditions, and the practical challenges of financial crime litigation.
June 16, 2026
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Aadhaar identity use questioned over alleged misuse as proof of citizenship, domicile and residential address.
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June 16, 2026
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Energy diversification becomes urgent as Southeast Asia confronts import dependence, price shocks and cleaner power transition pressures.
Southeast Asia's energy sector is exposed to supply and price shocks because of heavy reliance on imported oil and gas through the Strait of Hormuz. The report urges diversification of energy sources and supply routes, reduced dependence on imported fossil fuels, improved grid efficiency and greater investment in renewable energy, while noting rising rooftop solar use, electric vehicle sales and renewed interest in nuclear power.
June 16, 2026
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Money laundering probe over alleged sham payments and loans linked to CMRL, Exalogic, and family-associated companies.
Enforcement Directorate questioning continued in a money laundering probe concerning transactions between CMRL, Exalogic Solutions Private Limited, and entities linked to the Kartha family. The investigation concerns alleged payments by CMRL to Exalogic without corresponding services and loans extended by Empower India Capital Investments Private Limited to Exalogic despite alleged repayment defaults. The agency has stated that these transactions generated proceeds of crime, and the case has been registered under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 16, 2026
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BFSI digital verification infrastructure expands with licensed compliance tools, real-time fraud analytics and privacy-focused regulated deployment.
Integrated digital verification and fraud analytics platform for the BFSI sector scaled into a government and regulatory licensed compliance infrastructure serving banks, NBFCs, insurers and fintechs through a single API. The platform supports Digital Onboarding, Fraud Intelligence and Collections Intelligence using real-time verification, source-authenticated data and timestamped audit trails, with compliance-grade deployment in regulated environments. Its licensed expansion includes RBI Innovation Hub Data Service Provider status, Aadhaar Offline Verification Seeking Entity capability and Unified Logistics Interface Platform licensing, alongside privacy- and security-focused compliance under the Digital Personal Data Protection Act and its rules.
June 16, 2026
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Aadhaar identity proof limits sought amid concerns over misuse for citizenship, address and voter enrolment
Restriction on the use of Aadhaar as an identity document was sought on the ground that it is being treated as proof of citizenship, domicile, residential address and date of birth despite the statutory and regulatory position that Aadhaar is only proof of identity. The plea asserted that misuse of Aadhaar for school admission, property transactions and issuance of other documents, as well as in voter registration forms, undermines the intended scope of Aadhaar and permits inclusion of persons without adequate supporting documents in official records.
June 16, 2026
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China's export surge threatens European industry as leaders weigh higher tariffs and broader action against overcapacity.
China's export surge is shifting away from the United States tariff wall toward Europe and other open markets, raising concern that a new wave of import competition could disrupt advanced economies. European leaders are considering a stronger tariff response and broader coordination to address the trade threat, while the article links the pressure to China's dominance in world trade, its higher-value exports, and policies that encourage overproduction and suppress domestic consumption.
June 16, 2026
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Rupee strengthens as falling crude prices and easing Middle East tensions improve near-term currency sentiment.
The rupee strengthened in early trade as sharp declines in crude oil prices and easing Middle East tensions improved sentiment for the domestic currency. Traders said reduced pressure on global energy supplies, supportive foreign inflows, gains in domestic equities and a narrowing merchandise trade deficit all backed the near-term outlook for the rupee.
June 15, 2026
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Windfall gains tax on petroleum exports is revised to curb export incentives and protect domestic fuel availability.
Windfall gains tax on exports of petroleum products has been revised for the fortnight beginning 16 June 2026, with the special additional excise duty on diesel exports increased and the duty on aviation turbine fuel exports also raised. The levy on petrol exports remains unchanged, and the existing duty rates on petrol and diesel cleared for domestic consumption are unchanged. The stated purpose of the windfall tax is to support domestic availability of petroleum products by discouraging exports when international crude prices and geopolitical conditions create a price advantage for exporters.
June 15, 2026
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Money laundering probe over teacher recruitment irregularities focuses on fund trail, layered transactions, and intermediary entities.
Enforcement Directorate questioned a Trinamool Congress MP for over 11 hours in a money laundering probe linked to alleged irregularities in primary teacher recruitment. The agency focused on the money trail, financial documents, digital records, bank records and communication data to identify who handled the funds, how they moved through accounts and entities, and whether the transactions were layered to conceal their origin. The examination also covered intermediaries, beneficiary entities and inconsistencies between earlier submissions and recovered materials.
June 15, 2026
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Electricity tariff revision retains consumer concessions while raising rates across categories and adjusting rebates and surcharge terms.
Electricity tariffs in Chhattisgarh were revised upward by an average of 6.23 per cent across consumer categories from 1 July 2026, with the regulator stating that the revised tariff was approved to meet the estimated revenue requirement for the year. Several concessional and protective measures were continued for women's self-help groups, hospitals, tribal regions, agricultural pump connections, and other specified consumer classes, while the advance payment rebate and delayed payment surcharge were also revised.
June 15, 2026
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Engineering exports growth reflects resilience, trade facilitation and product diversification amid external market disruptions.
India's engineering goods exports showed strong growth in May 2026 and during April-May 2026-27, despite trade disruptions linked to the West Asia conflict. The sector's resilience was attributed to adaptability, government support and trade facilitation measures, while continued momentum was said to require focus on market conditions and product diversification.
June 15, 2026
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Money-laundering probe over homebuyer fraud leads to provisional attachment of developer and promoter properties.
Provisional attachment under the Prevention of Money Laundering Act was issued in a money-laundering investigation concerning alleged fraud against homebuyers by a real estate developer and its promoter. The attachment covered immovable properties of the company, the promoter, and family members, following multiple FIRs based on complaints by homebuyers. The investigation concerned funds collected from homebuyers for residential projects and alleged diversion of those funds to purposes other than development and completion of the promised projects.
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.

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BCBA to Host India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai

June 15, 2026

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On 17 June 2026, government, ports, customs and industry leadership will convene under the theme “One Fraternity, One Vision — Logistics Driving India Towards Viksit Bharat”
The Brihanmumbai Custom Brokers' Association (BCBA) — the apex body of the customs-broking fraternity in Mumbai — will host the second edition of its flagship policy forum, the India Logistics Conclave 2026, on 17 June 2026 at The Taj Mahal Palace, Mumbai. Building on the success of the inaugural 2024 edition, which drew more than 550 stakeholders from across government, trade and industry, this year's Conclave will convene senior policymakers, port and customs leadership, trade economists and industry principals under the theme “One Fraternity, One Vision — Logistics Driving India Towards Viksit Bharat.”
The single-day gathering is designed as a coherent dialogue on the forces reshaping India's trade-and-logistics ecosystem — from the long-horizon roadmap for Viksit Bharat 2047 to the immediate realities of digital customs, shifting geopolitics, infrastructure delivery, and the evolving role of the licensed intermediary. The programme reflects the BCBA's conviction that the customs broker and freight forwarder are no longer back-office facilitators but front-line growth partners in the nation's trade story.


Inaugural Session. The Conclave will open with an inaugural session bringing together the senior leadership of Indian Customs and the country's ports ecosystem. The dais is expected to feature Shri Yogendra Garg, Member (Customs), CBIC; Shri Gaurav Dayal, IAS, Chairman, JNPA; Dr M Angamuthu, IAS, Chairman, Mumbai Port Authority; Shri Shyam Jagannathan, IAS, Director General of Shipping; Capt. Deepak Tiwari, Managing Director, MSC India and Chairman, CSLA; Capt. BVJK Sharma, CEO, Navi Mumbai International Airport; and Shri Niraj Ambani, Group President — Supply Chain, Reliance Industries, among other dignitaries. Shri Vivek Chaturvedi, Chairman, CBIC, is expected to address the gathering online. The session will also felicitate industry veterans for their distinguished contribution to the EXIM community.


Speaking ahead of the Conclave, Mr Sanjeev Harale, President, BCBA, said: “In a landscape marked by geopolitical shifts and supply-chain realignment, India has emerged as a balanced and credible voice. With logistics costs falling and policy maturing, the sector now sits at the heart of national development. The need of the hour is not merely to respond to change, but to shape it — and that is precisely what this Conclave seeks to do.”
Mr Dushyant Mulani, Immediate Past President, BCBA, under whose stewardship the inaugural edition of the India Logistics Conclave was held in 2024, added: “What began as an idea in 2024 has grown into a movement. This second edition reaffirms that the customs-broking fraternity is ready to sit at the high table of national logistics policy and contribute as an equal partner.”
Mr Paresh Thakkar, Senior Vice President, BCBA, said: “The customs broker is the silent force that keeps India's Exim trade moving. As the key stakeholder coordinating between Customs, Ports, Participating Government Agencies, shipping lines, CFSs and every link in the EXIM chain, the broker is the thread that holds the trade ecosystem together. This Conclave is our declaration that we will lead, we will innovate, and we will help build the Viksit Bharat of 2047.”
The Association is especially encouraged by the participation of speakers and dignitaries from across India, together with key members of the Federation of Freight Forwarders' Associations in India (FFFAI) from other cities — a reflection of the Conclave's growing national stature.


Four Plenary Sessions. The day will be structured around four themed plenaries. The first, “India 2030, 2035, 2047 — A Roadmap for Viksit Bharat,” will frame the logistics agenda across three horizons of structural transformation. The second, “Building India's Digital Spine — Customs & Trade,” will examine the move toward a unified national customs platform, 24-hour clearance and AI-driven risk management. The third, “Geopolitics and the New Geometry of Trade,” will address FTA utilisation, sea-lane risk and the China Plus One opportunity. The fourth, “Policy and Infrastructure — Building India's Futuristic Logistics Ecosystem,” will turn to the policy architecture that converts hard infrastructure into a future-ready, interoperable logistics network.


The panels will draw an eminent cross-section of voices from policy, ports, industry and academia, including senior representatives of the Central Board of Indirect Taxes & Customs, the Jawaharlal Nehru Port Authority, the Land Port Authority of India, leading economists and thinkers, technology providers powering the customs interface, and principals from across the shipping, terminals and freight-forwarding ecosystem. The discussions will be moderated by senior leaders of the customs-broking and freight-forwarding fraternity.


Valedictory. The Conclave will conclude with a valedictory session, “Custom Brokers and Freight Forwarders — Growth Partners,” featuring a concluding keynote address by Mr Dhimant Parekh, Founder, The Better India, alongside reflections from senior BCBA leadership on repositioning the profession as a recognised trade-facilitation partner within the CBIC, DGFT and PGA framework.


With Gratitude to Our Partners
The BCBA places on record its sincere appreciation to the partners and sponsors whose support makes the India Logistics Conclave 2026 possible:
Platinum Sponsor: Jawaharlal Nehru Port Authority (JNPA)
Gold Sponsors: Navi Mumbai International Airport (NMIA) • Softlink Global
Silver Sponsor: Reliance Industries Limited
Lunch Sponsor: Parekh Group (Seastar Global, Parekh Marine, Seabridge Marine)
Kit Sponsor: Polaris Logistics • Conex Terminal • Globicon CFS
Seat Sponsor: Galaxy Freight Pvt Ltd
Lanyard Sponsor: Mumbai Cargo Service Centre
High Tea Sponsor: Unifo Pvt Ltd
Banking Partner: DBS Bank
Bronze Sponsors: Aegis Logistics • Budget CFS • Clearship Group • Divya CPP • Eastern Cargo • EFC CFS • Goodrich Maritime • Hans Infomatics • Hind Terminal • Malca-Amit JK Logistics • MSC • Nikhil Logistics • Om Freight • SkyHigh Airport • U M Khona & Co • Vanguard Logistics
The Association further extends its gratitude to its Associate Sponsors and Souvenir Partners for their valuable support to the Conclave.


Members of the press are cordially invited to attend the Conclave. For accreditation, interviews with the BCBA leadership, or further information, kindly contact the BCBA Secretariat at the details below.


About BCBA
Founded in 1939, the Brihanmumbai Custom Brokers' Association is the largest and oldest body of customs brokers in India, representing a fraternity that serves as the connective tissue of the nation's EXIM trade. Through advocacy, capacity-building and policy engagement, the BCBA works to advance trade facilitation, professional standards and the modernisation of India's customs and logistics ecosystem.


Media Contact
Brihanmumbai Custom Brokers' Association, Mumbai Tel: +91-22-43119100 / 9101 | Email: [email protected] | Web: www.bcbaind.com
(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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