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    Reliance targets next growth wave through AI, satellite internet; Jio files for IPO
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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.
June 19, 2026
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Strait of Hormuz reopening eases global energy security risks and restores free passage for commercial vessels.
The reopening of the Strait of Hormuz restores a critical global energy chokepoint after months of disruption that had restricted shipping, pushed up crude prices and raised concerns over energy security. The memorandum of understanding contemplates free passage of commercial vessels through the Strait for a limited period, with full normalisation expected after mines and other technical obstacles are cleared. It also contemplates talks with Oman and other regional actors on longer-term administration.
June 19, 2026
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Money laundering investigation leads to bank locker examination over alleged corporate transactions and proceeds of crime
Enforcement Directorate action in a money laundering investigation extended to examination of a bank locker belonging to Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, in her presence at an HDFC Bank branch. The inquiry relates to alleged transactions involving her now-defunct IT firm, Exalogic, and its purported links with Cochin Minerals and Rutile Ltd, including payments said to have been made without corresponding services and loans allegedly extended through another company connected with CMRL management.
June 19, 2026
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India-UK trade agreement enters into force as leaders link commerce, mobility and broader bilateral cooperation.
The India-UK Comprehensive Economic and Trade Agreement is scheduled to enter into force on July 15, marking a significant development in bilateral economic relations. The agreement is described as extending beyond trade and technology to include mobility and wider people-to-people engagement, with an expected boost to annual bilateral trade and business expansion plans on both sides.
June 19, 2026
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Initial public offer structure for Jio Platforms set as a fresh issue with price discovery through book building.
A proposed initial public offer of Jio Platforms is to be made by way of a fresh issue of up to 27 crore equity shares of face value of Rs 10 each. The Draft Red Herring Prospectus has been approved and is to be filed with the Securities and Exchange Board of India, BSE and the National Stock Exchange. The issue price will be determined through the book building process in accordance with SEBI regulations, subject to the required regulatory approvals.
June 19, 2026
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Autonomous financial decision-making gains traction as auditable AI agents handle routine regulated workflows with compliance and control.
AI deployment in financial services is described as shifting from advisory support to autonomous decision-making through a platform that applies an institution's own guidelines, reaches end-to-end decisions, and escalates only matters requiring human judgment. The system is presented as producing decisions with full reasoning, policy cross-reference, and auditability, while remaining consistent, explainable, compliant, and defensible under audit in banking, insurance, and capital markets workflows.
June 19, 2026
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Tax relief and amnesty measures reshape Kerala's budget through arrear settlements, vehicle tax revisions and stamp duty concessions.
Kerala's revised Budget introduced tax relief measures, amnesty schemes and vehicle tax revisions, including settlement of Flood Cess arrears, waiver of specified small pre-GST arrears, revised sales tax rates for low-strength alcoholic beverages, reduced tax for AITP buses, changes in electric vehicle road tax slabs, an e-challan amnesty scheme, and a one-time settlement for undervaluation and deficit stamp duty cases.
June 19, 2026
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Construction and building materials expo drives exports, supply chains, and Make in India engagement across global markets.
Bharat Buildcon 2026 opened as a large industry exhibition for the building materials and construction sector, drawing more than 25,000 visitors on the first day along with participants from over 90 countries and more than 100 Indian cities. The exhibition was presented as a platform for strengthening supply chains, encouraging technology adoption, generating business opportunities, and promoting exports and foreign investment in the construction and building materials sector.
June 19, 2026
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Government e-marketplace access expands through last-mile seller facilitation, onboarding support, and catalogue listing through new partnership.
Government e-marketplace access is being expanded through a strategic partnership between GeM and CSC-SPV aimed at strengthening last-mile facilitation for sellers, especially in rural and underserved regions. The collaboration extends support through the full onboarding chain up to catalogue listing, with assistance for Vendor Assessment, Brand Approval, and creation and publication of product and service catalogues. A pilot rollout of 50 GeM Suvidha Kendras will provide guidance, training, onboarding support, capacity building, and grievance redressal for a range of enterprises.
June 19, 2026
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Rupee appreciation gains support from India-US trade optimism, foreign inflows and softer crude prices.
The rupee appreciated in early trade against the US dollar, supported by optimism over India-US trade negotiations, firm foreign inflows and softer crude oil prices. Market sentiment remained positive as traders tracked developments suggesting momentum in talks on a proposed trade pact and an improvement in external flows. The foreign exchange market also reflected expectations that the Reserve Bank of India may use incoming dollar inflows to rebuild foreign exchange reserves and gradually reduce its forward dollar book.
June 18, 2026
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Direct tax collections rise on stronger advance tax mop-up and higher corporate tax receipts across key segments.
Net direct tax collection increased by 14.64 per cent to over Rs 5.21 lakh crore up to June 17 of the fiscal year, driven primarily by higher advance tax mop-up from corporates. Net corporate tax collection rose 22 per cent, while net non-corporate tax collection increased 8 per cent. Securities Transaction Tax collection also recorded strong growth, and advance tax collection rose 15.30 per cent, with corporate and non-corporate advance tax both showing gains.
June 18, 2026
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Aquaculture feed price stabilisation drives a committee plan, with manufacturers agreeing to reduce prices and review sector concerns.
Aquaculture feed pricing was addressed as a sectoral price-stabilisation issue, with manufacturers agreeing to reduce prices by Rs 4 per kg after a directive from the Chief Minister. A committee of aqua farmers, feed manufacturers and officials was proposed to develop a long-term mechanism for price stabilisation and to examine processing-related issues and pollution control measures, with recommendations due within 20 days. The discussion also covered subsidy awareness, insurance coverage, nursery ponds, water supply and strict quality control in aquaculture production.
June 18, 2026
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Interim free trade agreement negotiations advance as leaders urge swift conclusion of the India-US trade pact.
Trade negotiations between India and the United States were described as being in the final stages of an interim free trade agreement, with both leaders directing their negotiators to conclude the pact at the earliest. The discussions were said to have addressed uncertainty in bilateral trade and to have produced significant progress, with further talks expected to continue through an upcoming visit by the US Trade Representative.

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Bharat Buildcon 2026 Opens with Massive Industry Response; Attracts 25,000 Plus Visitors on Day One from 90 Plus Countries and 100 Plus Indian Cities

June 19, 2026

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25,000+ Visitors on Day One, Participation from 90+ Countries; India's Construction Sector Contributes Nearly 9% to GDP and Employs Over 51 Million People New Delhi [India], June 18: Bharat Buildcon 2026 – One Nation, One Expo, India's premier exhibition for the building materials and construction industry, commenced on a grand note today at the Yashobhoomi Convention Centre, New Delhi. The mega expo witnessed an overwhelming response with more than 25,000 visitors on the inaugural day, including architects, builders, developers, contractors, manufacturers, traders, policymakers, industry associations, and international buyers.

The event was inaugurated in the esteemed presence of Shri Manohar Lal, Union Minister, Ministry of Housing and Urban Affairs, Shri Jitin Prasada, Minister of State, Ministry of Commerce & Industry and Ministry of Electronics & Information Technology, and Shri Parshottam Rupala, Member of Parliament, alongside leading industrialists and representatives from the construction and building materials ecosystem.

Bringing together stakeholders from 90+ countries and over 100 cities across India, Bharat Buildcon 2026 has emerged as one of the largest global platforms for the building materials sector. The exhibition features products and innovations across 24 major categories, including Ceramic & Stone, Hardware, Cement & Steel, Plywood & Laminates, Furniture, Sanitaryware, Electricals, Paints, Construction Technologies, and several other segments that collectively drive India's infrastructure and housing growth.

India's construction and building materials sector is emerging as one of the most significant pillars of the nation's economic growth. The construction sector currently contributes approximately 9% to India's GDP and supports employment for more than 51 million people, making it the country's second-largest employment generator. Industry estimates suggest that India's construction market, valued at nearly USD 685 billion in 2025, is expected to surpass USD 1.24 trillion by 2034, driven by infrastructure investments, urbanization, housing demand, industrial expansion, and government-led development initiatives.

Industry experts believe that large-scale trade exhibitions such as Bharat Buildcon play a critical role in strengthening supply chains, accelerating technology adoption, generating business opportunities, facilitating exports, and attracting foreign investments into India's manufacturing sector.

Speaking on the significance of global participation, Mr. Vishal Acharya, Director, Bharat Buildcon, said "The presence of buyers, distributors, and sourcing professionals from more than 90 countries demonstrates the growing confidence of the global market in India's manufacturing capabilities. Bharat Buildcon serves as a gateway connecting Indian manufacturers with international demand, creating significant export opportunities across building materials categories. Every international buyer visiting India contributes not only to business generation but also strengthens India's position as a global sourcing hub. Such engagements accelerate foreign exchange earnings, promote 'Make in India' products worldwide, and help Indian brands expand their footprint across global markets. The response we have witnessed reinforces India's emergence as one of the most preferred destinations for construction and building material sourcing." Highlighting the strong domestic participation, Mr. Jitendra Kathiriya, Director, Bharat Buildcon, said "The participation from more than 100 Indian cities reflects the scale and diversity of India's building materials industry. Bharat Buildcon has become a common platform where manufacturers, distributors, architects, developers, retailers, and project consultants come together to create business opportunities. Events of this magnitude generate benefits across multiple sectors including hospitality, transportation, logistics, retail, construction, and services. With over 25,000 visitors on the very first day and thousands of business meetings taking place, the exhibition is expected to facilitate substantial commercial transactions and long-term partnerships. Such industry platforms are instrumental in strengthening domestic trade networks and contributing to India's vision of becoming a multi-trillion-dollar economy." Commenting on the importance of export promotion and international trade, Mr. Nilesh Jetpariya, Chairman, CAPEXIL, said "India's building materials sector is rapidly emerging as a globally competitive industry backed by quality manufacturing, innovation and scalability. The strong participation from international buyers at Bharat Buildcon demonstrates the growing demand for Indian products worldwide. Such exhibitions create valuable opportunities for exporters to showcase their capabilities, expand into new markets and strengthen India's export footprint. Bharat Buildcon is playing a crucial role in connecting Indian manufacturers with global business opportunities and supporting the government's vision of increasing exports and promoting Make in India on the world stage." The inaugural day witnessed strong engagement across exhibition halls, with exhibitors reporting high footfalls, productive buyer meetings, and significant business enquiries from both domestic and international visitors. Several exhibitors showcased innovative products, sustainable construction solutions, advanced manufacturing technologies, and next-generation building materials designed to support India's rapidly evolving infrastructure landscape.

As India continues its journey toward becoming a global economic powerhouse, industry-led platforms like Bharat Buildcon are expected to play a pivotal role in driving manufacturing excellence, boosting exports, encouraging innovation, and strengthening India's position in the global construction value chain.

Bharat Buildcon 2026 will continue until June 22, 2026, at the Yashobhoomi Convention Centre, New Delhi, and is expected to welcome tens of thousands of additional visitors, buyers, and industry stakeholders over the coming days.

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

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