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    Chandigarh University Becomes India's First Private University to Establish 'IndiaAI Data Lab' in Collaboration with Intel India
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    Base Year of Wholesale Price Index Revised from 2011–12 to 2022–23
    Rs 2,004-crore homebuyer fraud: ED arrests 4 promoters for duping over 19,000 buyers
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June 2, 2026
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Artificial intelligence and data science training expands through a new industry-linked lab, certifications and practical learning programmes.
Chandigarh University established an 'IndiaAI Data Lab' in collaboration with Intel India to strengthen student employability through industry-relevant training in artificial intelligence, data science and emerging technologies. The lab is intended to function as a simulated apprenticeship and practical learning space for computing and computer science engineering students, with access to AI tools, real-world projects and hands-on exposure aligned with global industry standards. As part of the same partnership, the university launched MCA (Data Science) and BCA (Data Science) programmes in association with Intel India, with semester-wise Intel certifications to improve industry readiness.
June 2, 2026
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Trade agreement negotiations focus on tariff recalibration, market access commitments, and possible Section 301 trade action.
India and the United States began talks to finalise an interim trade agreement and advance a broader bilateral trade agreement. The framework contemplates tariff reductions on US industrial and agricultural goods, proposed Indian purchases of US products over five years, and possible recalibration in light of changed US tariff conditions and the prospect of fresh action under the Section 301 mechanism.
June 2, 2026
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Wholesale Price Index revision expands coverage, updates methodology and introduces producer price indices for broader price measurement.
Revision of the Wholesale Price Index base year from 2011-12 to 2022-23 has been approved, together with compilation and release of new Producer Price Indices. The revised WPI series, along with Output PPI, Trial Input PPI and Service PPI, is scheduled for release on 15 June 2026 and will replace the existing WPI series. The framework is intended to support transition from WPI to PPI, while allowing a five-year continuation of WPI for price escalation use before discontinuation.
June 2, 2026
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Money laundering investigation over alleged homebuyer fraud leads to arrests of real estate promoters and directors.
Money laundering investigation under the Prevention of Money Laundering Act concerns an alleged homebuyer fraud involving a real estate group that reportedly collected about Rs 2,004 crore from more than 19,425 buyers and investors on promises of timely delivery of residential and commercial units and assured returns. Four promoters and directors were arrested in connection with the probe and produced before the special PMLA court, which granted custodial interrogation. The investigation was initiated on the basis of five FIRs and a criminal complaint filed by the Serious Fraud Investigation Office.
June 2, 2026
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Rupee depreciation against the US dollar weighs on sentiment as crude prices, dollar strength and fund outflows pressure the market.
The rupee depreciated against the US dollar in interbank foreign exchange trading, closing lower amid rising crude oil prices, a firm dollar and foreign fund outflows. Market participants also watched the forthcoming Reserve Bank of India monetary policy meeting, while the USD/INR spot rate was expected to trade in a narrow near-term range.
June 2, 2026
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Verification of answer books and re-evaluation portal opens for board exam students through a fully online process.
CBSE opened an online portal for students with scanned copies of evaluated answer books to seek verification of issues in those copies and re-evaluation of answers. The process is available only online, requires Aadhaar-based login, permits only one application each for verification and re-evaluation, and must be completed within the stated timeline. The verification facility covers missing pages, blurred pages, missing supplementary sheets, incorrect answer books and similar issues, while re-evaluation may be sought for one or more questions across subjects.
June 2, 2026
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Premium group travel expansion drives curated tours, repeat customers, and Series A discussions for growth.
JOY-N-CREW Vacations LLP is a Pune-based premium group travel company founded in 2022 and expanded to seven Indian cities. It reports serving over 5,000 guests, a 78% repeat customer rate, and a travel model built around curated international tours, cultural immersion, central accommodations, doctor-on-call support, and unhurried itineraries. The company has also entered premium educational travel and says it is in advanced discussions for Series A funding to support expansion, technology development, and a broader tour portfolio.
June 2, 2026
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Foreign exchange violation investigation under FEMA leads to searches at Vedanta Group premises amid regulatory scrutiny.
Enforcement Directorate initiated a foreign exchange violation investigation under the civil provisions of the Foreign Exchange Management Act against Vedanta Group and conducted searches at its premises in Delhi, Rajasthan and other locations. The company said it was extending full cooperation, providing information sought, and remaining committed to compliance with applicable laws and regulations.
June 2, 2026
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Unified transaction banking is reshaping corporate finance through API-driven platforms, cloud scale, and stronger compliance controls.
Transaction banking in India is shifting toward unified, API-driven platforms that address fragmented banking systems, manual processes, and reconciliation challenges in corporate banking. The commentary links this evolution to digital infrastructure growth and highlights the role of cloud systems, AI tools, and strong compliance guardrails, including regulatory compliance, data protection standards, and certifications such as ISO and SOC2, in enabling scalable and reliable financial technology operations.
June 2, 2026
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GST revenue collections showed provisional growth in May 2026, with adjusted figures reflecting the telecom spectrum one-time payment.
Gross and net GST revenue collections for May 2026 were presented as provisional figures, with break-ups for domestic revenue, import revenue, refunds and net collections under CGST, SGST and IGST. The note stated that May 2025 included a one-time telecom spectrum payment, and that adjusted growth is the better indicator of GST performance for May 2026. State-wise tables also showed SGST and IGST settlement figures and domestic GST revenue growth across States and Union Territories.
June 2, 2026
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Seafood export growth: India's frozen shrimp-led shipments hit a record high as the US and China stayed top markets.
India's seafood exports reached a record high in FY 2025-26, with frozen shrimp remaining the dominant export item and contributing the largest share of export earnings and overall quantity. The United States and China continued to be the principal overseas markets, with the United States leading in value terms and China leading in quantity terms. The European Union, Southeast Asia, Japan and the Middle East also remained major export destinations, while Visakhapatnam, Jawaharlal Nehru Port Trust and Kochi were the top ports handling seafood export cargo.
June 2, 2026
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Government accounts highlight revenue receipts, tax devolution to states, and expenditure composition across revenue and capital heads.
Government accounts for financial year 2025-26 were consolidated and published on a provisional, unaudited basis, showing receipts of the Union Government as net tax revenue, non-tax revenue, and non-debt capital receipts. During the period, a substantial amount was transferred to State Governments as devolution of the share of taxes, and total expenditure was recorded on both revenue and capital account, with interest payments and major subsidies forming significant components of revenue expenditure.
June 2, 2026
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Government revenue and expenditure account for April 2026 highlights tax receipts, devolution to states, and major spending heads.
Government of India's monthly account for April 2026 records the consolidated receipt and expenditure position for the month. Receipts comprise tax revenue, non-tax revenue and non-debt capital receipts, with a transfer made to State Governments by way of devolution of taxes. The account also notes the corresponding expenditure split between revenue account and capital account, and identifies interest payments and major subsidies as significant components of revenue expenditure.
June 1, 2026
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Banking sector growth drives priority lending, while emergency credit support scheme implementation gets expedited for eligible borrowers.
Kerala's banking sector showed strong growth in deposits, advances and priority-sector lending, with the credit-deposit ratio above the RBI benchmark. The review meeting also examined implementation of the Emergency Credit Line Guarantee Scheme and directed banks to identify eligible borrowers and deliver benefits expeditiously while supporting broader economic development.
June 1, 2026
Show AI Summary
GST revenue growth driven by AI-based compliance and data integration lifted Andhra Pradesh to its best-ever May collections.
Andhra Pradesh recorded its highest-ever May GST revenue since the introduction of GST, with strong year-on-year growth in total collections and net GST receipts despite GST 2.0 rate rationalisation measures. The revenue increase was supported by higher IGST settlement, petroleum VAT, professional tax and liquor VAT collections, along with technology-driven compliance measures. The department also expanded data integration and enforcement through AI-based analytics, scrutiny systems, UPI transaction analytics, Aadhaar integration and inter-departmental data sharing.
June 1, 2026
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Bank loan misuse allegations lead to formal arrest permission and judicial custody in the ongoing fraud investigation.
CBI investigation into alleged misuse and diversion of bank loan funds in relation to Reliance Communications proceeded against a former senior executive, with the court permitting formal arrest in connection with the bank fraud case and remanding him to judicial custody in the meantime. The proceeding arose from allegations that loan funds and credit facilities sanctioned by a consortium of banks were managed and utilised in a manner that caused wrongful loss to the lending banks, while investigation against the accused remained ongoing.
June 1, 2026
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Rupee depreciation reflects geopolitical tensions, crude price gains and a stronger dollar, with RBI policy now in focus.
The rupee weakened against the US dollar amid renewed geopolitical tensions, higher crude oil prices, a stronger dollar, and softer global risk sentiment. Forex traders noted intraday volatility in the interbank foreign exchange market and said the currency was under pressure from external market conditions, while any continued peace talks could limit further downside. Market attention shifted to the upcoming RBI Monetary Policy Committee meeting and the central bank's policy signal.
June 1, 2026
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PMLA investigation dispute over scheduled offence timing and natural justice challenge in CMRL appeal
Appeal against a single-judge order permitting the Enforcement Directorate to continue a PMLA investigation was admitted, with no precipitative action to be taken until judgment. The dispute centres on whether a later SFIO complaint could justify an investigation that had allegedly begun before any scheduled offence existed, and whether additional affidavits filed after reservation violated natural justice. The company also challenged the ECIR, summons and related proceedings on jurisdictional grounds.
June 1, 2026
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Money laundering probe in alleged Chhattisgarh liquor scam leads to major asset attachments and four fresh accused
Properties worth more than Rs 1,000 crore were provisionally attached under the Prevention of Money Laundering Act in connection with the alleged Chhattisgarh liquor scam, on the basis that the probe had identified proceeds of crime exceeding Rs 2,883 crore. The investigation alleged manipulation of the excise system through inflated procurement rates, unaccounted liquor manufacture and commission extraction through FL-10A licences. The attachment orders covered properties linked to Vikas Agrawal and alleged benami properties of Dhebar, Hotel Westinn Goa, and financial assets of three FL-10A licence-holder companies. A fresh supplementary prosecution complaint named four additional accused.
June 1, 2026
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Money laundering investigation under the Prevention of Money Laundering Act turns on alleged layering and concealment of public funds.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged embezzlement of public funds from bank accounts linked to government departments and private schools. The investigation records an arrest for allegedly receiving proceeds of crime and participating in the generation, layering and concealment of laundered funds. It also alleges use of shell entities, jewellers and linked accounts to route, distribute and invest the proceeds, while the money trail and related assets are being traced.

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Customs & Trade

Bharat Buildcon 2026 Day Two Witnesses Strong Business Momentum; Global Buyers, Industry Leaders and Policymakers Drive High-Value Engagements

June 20, 2026

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International Participation, Industry Conferences and Business Meetings Strengthen India's Position as a Global Building Materials Hub New Delhi [India], June 19: Bharat Buildcon 2026 – One Nation, One Expo, India's premier exhibition for the building materials and construction industry, continued to witness exceptional industry participation on its second day at the Yashobhoomi Convention Centre, New Delhi. The expo attracted strong footfalls from domestic and international buyers, architects, developers, contractors, manufacturers, traders, policymakers, consultants, and industry associations, further reinforcing its position as one of the largest business networking platforms for the sector.

The second day of the exhibition featured extensive business interactions, buyer-seller meetings, product showcases, and knowledge-sharing sessions, creating significant opportunities for Indian manufacturers to expand their market reach and strengthen global trade relationships.

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

Simultaneously, India's building materials industry—including ceramics, tiles, sanitaryware, bathware, paints, construction chemicals, hardware, plywood, and laminates—is witnessing robust growth supported by large-scale infrastructure projects, smart city developments, logistics parks, industrial corridors, and rising demand from the residential and commercial real estate sectors. India is already among the world's largest producers of ceramic tiles and is steadily expanding its global export footprint across multiple building material categories.

A major highlight of the day was the participation of Shri Ashok Kumar Meena, Secretary, Department of Drinking Water & Sanitation, Ministry of Jal Shakti, who interacted with leading manufacturers and industry stakeholders during his visit to Bharat Buildcon 2026. He visited various exhibition stalls and discussed innovative solutions for water conservation, efficient water management, and sustainable infrastructure development. Shri Meena encouraged industry participants to share their inputs and innovations for reducing water wastage, while also sharing the government's vision for strengthening water security and sanitation infrastructure across the country.

The event also hosted two high-impact industry conferences focusing on Real Estate Market Outlook and International Confederation of Trade and Industry (ICTI). These sessions brought together domestic and international participants, offering valuable insights into emerging market trends, infrastructure investments, export opportunities, technological advancements, and global trade dynamics.

With participants from over 90 countries and more than 100 Indian cities, Bharat Buildcon 2026 has emerged as a powerful platform connecting Indian manufacturers with global buyers. Exhibitors across categories including ceramics, tiles, sanitaryware, bathware, hardware, plywood, laminates, paints, construction chemicals, machinery, and building technologies reported strong visitor engagement and promising business inquiries.

Highlighting the economic impact of such industry platforms, Mr. Jitendra Kathiriya, Director, Bharat Buildcon, said, "Events of this scale create value far beyond the exhibition halls. They stimulate business activity across manufacturing, logistics, hospitality, transportation, and services sectors. The thousands of business meetings taking place here are expected to translate into significant commercial transactions and strategic collaborations. Bharat Buildcon serves as a common platform where stakeholders from across the value chain come together to accelerate business growth and contribute to India's economic development." Speaking on the significance of the event, Mr. Vishal Acharya, Director, Bharat Buildcon, said, "The response witnessed during the first two days of Bharat Buildcon clearly demonstrates the growing global confidence in India's manufacturing ecosystem. The presence of international buyers, sourcing professionals, and trade delegations creates a direct pathway for Indian companies to expand their export footprint. Bharat Buildcon is not merely an exhibition; it is a business catalyst that connects Indian innovation with global demand and opens new avenues for trade, investment, and long-term partnerships." Commenting on the importance of exports and government-led initiatives supporting industry growth, Mr. Nilesh Jetpariya, Chairman, CAPEXIL, said, "India's building materials sector is rapidly emerging as a globally competitive industry backed by strong manufacturing capabilities, innovation, and quality standards. Government initiatives such as PM Gati Shakti, National Infrastructure Pipeline, Smart Cities Mission, Housing for All, and Make in India are creating tremendous opportunities for Indian manufacturers. Exhibitions such as Bharat Buildcon play a crucial role in connecting exporters with international buyers, helping Indian products reach new markets while strengthening the country's export ecosystem." Emphasizing the long-term vision behind the expo, Mr. Vijay Aghara, Director, Bharat Buildcon, said, "Bharat Buildcon has been envisioned as a platform that showcases India's industrial strength to the world. The participation of buyers from across continents, coupled with the presence of leading Indian manufacturers, demonstrates the growing influence of India's building materials industry in the global marketplace. Such interactions facilitate technology exchange, encourage innovation, and create sustainable business opportunities that benefit the entire industry ecosystem." The exhibition halls remained vibrant throughout the day, with exhibitors showcasing advanced technologies, sustainable construction solutions, innovative products, and next-generation building materials designed to support India's rapidly evolving infrastructure landscape. Several exhibitors reported productive discussions with buyers from domestic and international markets, generating strong prospects for future business collaborations.

Industry experts believe that as India moves toward becoming a USD 5 trillion economy and beyond, demand for construction materials, housing infrastructure, transportation networks, industrial facilities, and urban development projects will continue to rise significantly. This is expected to create substantial opportunities for Indian manufacturers while strengthening the country's position as a global sourcing and manufacturing hub.

As India continues to invest heavily in infrastructure, housing, industrial development, and urbanization, platforms such as Bharat Buildcon are expected to play an increasingly important role in promoting manufacturing excellence, boosting exports, attracting investments, and strengthening India's position in the global construction and building materials value chain.

Bharat Buildcon 2026 will continue until June 21, 2026, at the Yashobhoomi Convention Centre, New Delhi, and is expected to attract tens of thousands of additional visitors, buyers, and industry stakeholders in the coming days.

Powered By • JSW Diamond Sponsors • Solorex Tiles • Rafttaar.ai • Shree Cement • Bangur Cement • KICH India Gold Sponsors • Jindal Steel • Pidilite • Coverstone Ceramic • HUMBEE Associate Sponsors • Kajaria • Century Ply • Jaguar • Action TESA Security Partner • Harrison Locks For More Details Matik Meman PRarambh Public Relations 8866887865 [email protected] (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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