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    Air India operates first flight from Varanasi under Hub and Spoke model
    I-T Dept cancels tax-exempt status of SP leader Azam Khan's Jauhar Trust
    ED grills Pinarayi Vijayan's daughter for over 10 hours in PMLA case
    Explained: What establishes citizenship in India?
    Govt restores commercial LPG supplies as West Asia crisis pressures ease
    Very close on trade deal with US; competitive tariff advantage important for India: Piyush Goyal
    Liquor tax row: CPI(M) accuses Kerala CM of making ''incorrect'' statements, seeks clarification
    Oil falls to pre-war levels, no change in petrol and diesel prices
    India''s Textile Export Opportunity Creates Strong Growth Runway for Welspun Living
    Marie Claire Paris Launches Its First Salon in Mumbai
    FTA with UK most comprehensive agreement so far: Piyush Goyal
    Amazon CEO meets PM Modi; co adds USD 13 bn to 5-yr mega investment plan for AI, cloud infra
    Sterling Bank of Asia Selects Infosys Finacle Software-as-a-Service for it's Next-Gen Transformation
    Gujarat Future Forum at India House puts regional delivery at the centre of the UK–India growth story
    APEDA Facilitates First Commercial Sea Shipment of Premium Banganapalle Mangoes from India to Singapore
    Build Credit, Earn Cashback: Paisabazaar and SBM Bank India Launch Paisa+ Secured Credit Card
    ED seizes cash, gold during searches against MP educational society
    Rising Gold Prices Are Giving Indian Households More Borrowing Power Than Ever Before
    International MSME Day: IFQM Calls for a National Quality Mission to Embed India's MSMEs into Global Value Chains
    Ex-CM’s daughter appears before ED in PMLA case for second time
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    June 25, 2026
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    Hub and Spoke aviation model expands seamless international connectivity for smaller cities through major hub airports.
    Air India commenced Hub and Spoke international flight operations from Varanasi, routing passengers from smaller cities through hub airports for onward overseas connections. The model is designed to provide seamless connectivity, reduce travel time, improve use of existing infrastructure, ease congestion at major airports and link regional centres with global opportunities. Operationally, spoke airports will handle customs and immigration for outbound passengers at the first point of exit and for inbound passengers at the final point of entry, while baggage will move seamlessly through airside operations at the hub airport.
    June 25, 2026
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    Charitable trust registration cancelled after alleged non-genuine activities and misuse of trust property for political purposes.
    The Income Tax Department cancelled the tax-exempt registration of Maulana Mohammad Ali Jauhar Trust after concluding that its activities were non-genuine and not in accordance with its declared charitable objects. The department treated the trust as an Association of Persons, making its income liable to tax at normal rates and exposing it to further tax consequences under the Act.
    June 25, 2026
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    Money laundering probe under the Prevention of Money Laundering Act focuses on alleged payments without services and proceeds of crime.
    Enforcement Directorate action under the Prevention of Money Laundering Act centred on questioning of Veena T in connection with alleged laundering linked to her former IT firm Exalogic Solutions Pvt Ltd and Cochin Minerals and Rutile Ltd. The probe concerns alleged payments made by CMRL to Exalogic without corresponding services, together with loans extended through another CMRL-linked entity, and the agency's case is that these transactions generated proceeds of crime.
    June 25, 2026
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    Citizenship proof in India depends on legal records, not any single identity card or passport alone.
    Citizenship in India is not established by any single universal identity card, and legal proof depends on the documents and records relevant to the manner in which citizenship is claimed. Passport, Aadhaar, voter identity card and PAN card do not operate as standalone proof of citizenship. A passport is treated as a travel document, Aadhaar as proof of residence and identity, PAN as a tax identifier, and voter enrolment as electoral registration rather than conclusive citizenship proof.
    June 25, 2026
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    Commercial LPG supply restrictions eased as emergency rationing unwound and bulk supplies resumed with improving LPG availability.
    Commercial LPG supply restrictions imposed during the West Asia crisis were withdrawn as domestic production improved and imported cargo arrivals were expected, restoring non-domestic packed LPG supplies to pre-crisis levels for hotels, restaurants and other commercial users. Bulk LPG supplies were partially resumed at 50 per cent of pre-crisis consumption, and emergency rationing measures were unwound while household cooking gas availability remained the priority.
    June 25, 2026
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    Competitive tariff advantage drives India-US trade pact as final terms await market-access alignment.
    Competitive tariff advantage is identified as the central condition for the India-US bilateral trade agreement to enter into force. The pact is close to completion, but its implementation depends on India securing tariff treatment that preserves a market-access advantage over competing economies. The discussions are focused on the legal and commercial framework needed to provide that advantage and on finalising the remaining fine print of the agreement.
    June 25, 2026
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    Low-alcohol beverage tax reduction triggers political dispute over liquor policy, transparency, and alleged revenue loss.
    A political dispute arose over a budget proposal to reduce tax on low-alcohol beverages, with CPI(M) alleging that the proposal did not originate under the previous LDF government and that the earlier liquor policy only classified alcoholic beverages without deciding any tax reduction. CPI(M) sought clarification and withdrawal of the contrary statement, and also demanded withdrawal of the budget proposal, alleging that it was intended to benefit an alcohol manufacturing company and could cause revenue loss to the state exchequer.
    June 25, 2026
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    Crude oil prices ease to pre-conflict levels, but petrol and diesel rates remain unchanged for now.
    Global crude oil prices fell back to pre-conflict levels, easing inflation risks, lowering India's import bill and improving fiscal flexibility. Retail petrol and diesel prices remained unchanged, while state-owned fuel retailers were said to adjust pump prices based on average crude movements over a preceding period rather than daily fluctuations. The easing in oil-market tensions also led to the quiet suspension of inter-ministerial briefings monitoring supply and market stability.
    June 25, 2026
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    Global textile sourcing shift boosts India's competitiveness, with home textiles and sustainability driving long-term export growth.
    India's textile sector is entering a favourable growth phase due to global supply chain diversification, stronger sourcing activity and improved demand visibility. Home textiles are highlighted as a key export segment, with premiumisation, value-added products, sustainability-led sourcing and brand penetration driving long-term growth. Recent trade agreements are expected to strengthen India's competitiveness as a sourcing destination, and Welspun Living is positioned to benefit through integrated manufacturing, diversification, retailer relationships and continued investment in innovation and sustainability.
    June 25, 2026
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    Franchising-led salon expansion drives Marie Claire Paris's India growth with premium beauty and wellness services.
    Marie Claire Paris expanded its India presence by launching its first salon in Mumbai through B2C Network LLP, its exclusive franchisor in India. The brand plans to strengthen its footprint across premium retail destinations, malls and high-street locations nationwide through franchising. The salon offers hair care, skin rejuvenation, nail services, bridal and wedding makeovers, grooming solutions and personalized consultations, supported by trained professionals and international service standards.
    June 25, 2026
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    Free trade agreement with the UK seen as India's most comprehensive pact, with tariff cuts and trade growth ahead.
    India's Comprehensive Economic and Trade Agreement with the UK is described as the most comprehensive free trade agreement India has concluded so far, with implementation scheduled to begin on 15 July. The agreement is presented as a framework for expanding bilateral commerce between two complementary and growing economies, and businesses in both countries are urged to leverage its tariff reductions and market-opening benefits to raise the trading partnership to a much higher level.
    June 25, 2026
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    AI and cloud infrastructure drive Amazon's expanded India investment plan, alongside digitisation, exports and job creation.
    Amazon announced an additional USD 13 billion investment in India, taking its planned capital commitment to USD 48 billion for 2026 to 2030. The expanded investment is directed principally toward AI and cloud infrastructure, including growth of AWS data centre capacity in Mumbai and Hyderabad, with access to custom AI chips, managed AI services, secure cloud technologies and developer tools. Amazon said the commitment reflects its long-term focus on India's digital economy, customer demand across e-commerce and AWS, and alignment with policy priorities around AI-led digitisation, export growth and job creation.
    June 25, 2026
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    Core banking transformation through SaaS platform aims to improve reliability, automation, compliance, and scalable digital growth.
    Sterling Bank of Asia selected Infosys Finacle Software-as-a-Service platform for its transformation programme, using core banking, customer data hub, trade finance, and origination solutions. The collaboration is intended to improve employee and customer experience, maintain availability and reliability, reduce operational complexity through automation and digitisation, and support future growth. The SaaS deployment is also expected to simplify technology operations, enable faster innovation, and provide secure, compliant, cloud-hosted scalability with periodic upgrades and feature enhancements.
    June 25, 2026
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    Regional economic cooperation drives the UK-India Free Trade Agreement agenda through Gujarat's investment and trade opportunities.
    Regional economic cooperation was highlighted as the practical next phase of the UK-India partnership following ratification of the UK-India Free Trade Agreement, with Gujarat presented as a central hub for industry, energy, finance, innovation and enterprise. The discussions focused on how businesses can convert the FTA into investment, market access, technology collaboration and long-term commercial partnerships, while emphasising Gujarat's industrial ecosystem, investment-friendly policies, business-ready infrastructure and policy stability.
    June 25, 2026
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    Sea freight for horticultural exports gains momentum as premium Banganapalle mangoes reach Singapore through compliant cold-chain logistics.
    APEDA facilitated the first commercial sea shipment of premium Banganapalle mangoes from India to Singapore, using GAP-certified orchards, an APEDA-recognised packhouse, and cold-chain logistics to meet Singapore's quality and phytosanitary requirements. The shipment is presented as evidence of the viability of sea freight for fresh horticultural exports and of the commercial benefits of scientific post-harvest management and sustainable export pathways.
    June 25, 2026
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    Fixed deposit-backed secured credit card expands access to formal credit with cashback and credit-building benefits.
    Fixed deposit-backed secured credit card launched to expand access to formal credit for consumers with limited or no credit history, including new-to-credit users and persons seeking to rebuild damaged credit profiles. The product helps cardholders begin building credit history through responsible usage while using an FD as security, with minimum FD requirement starting at Rs. 2,000. The card combines credit-building with FD returns up to 7% p.a. and cashback on online, offline and eligible UPI transactions, subject to stated fee and cashback caps.
    June 25, 2026
    Show AI Summary
    Money laundering probe over alleged fund diversion at an educational society leads to searches and asset seizure.
    Enforcement Directorate searches in a money laundering investigation against a Madhya Pradesh-based educational society led to seizure of cash, gold jewellery, financial records and property-related documents. The probe arises from an FIR alleging large-scale financial fraud, including misappropriation and diversion of funds belonging to the society, and is registered under the Prevention of Money Laundering Act. The searches covered residential premises, offices, educational institutions, trusts and business establishments connected with the Chouksey Group.
    June 25, 2026
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    Gold loan borrowing capacity rises as gold prices climb, with valuation and eligibility rules unchanged.
    Rising gold prices increase the borrowing capacity available against pledged gold because gold loan amounts are calculated on the basis of the weight and purity of the ornament and the gold rate applied on the assessment date. The higher rate environment therefore allows the same jewellery or coins to support a larger loan amount without any change in the underlying eligibility criteria. Gold loan eligibility requires the applicant to be an Indian citizen aged between 21 and 80 years and to submit one KYC document. Accepted security includes gold jewellery or ornaments of 18 karat to 22 karat purity, and gold coins up to 24 karat.
    June 25, 2026
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    Quality-led MSME competitiveness drives India's push toward global value chains through benchmarking, excellence and continuous improvement.
    India's MSMEs are presented as central to growth, manufacturing and exports, but the country's low global trade share is said to show a competitiveness gap. The text frames quality as the missing link between scale and participation in global value chains. It describes a National Quality Mission based on cluster development, self-assessment, roadmaps, total quality management, zero defect manufacturing and operational excellence, together with benchmarking, leadership development and continuous improvement.
    June 25, 2026
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    Money laundering probe under PMLA focuses on alleged payments, loans and proceeds of crime linked to Exalogic and CMRL.
    Enforcement Directorate continued its investigation under the Prevention of Money Laundering Act into alleged transactions between Exalogic Solutions Pvt Ltd and Cochin Minerals and Rutile Ltd, questioning Veena T again and examining her bank lockers. The probe concerns allegations that payments and loans were routed without corresponding services, with the ED alleging that the arrangements generated proceeds of crime and relying on a prosecution complaint filed by the Serious Fraud Investigation Office.

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      Supreme Court on Company Law - Compendium of Cases Third Edition - Another Landmark Publication by Aseem Chawla, Senior Advocate

      June 23, 2026

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      New Delhi, Delhi, India (NewsVoir) Aseem Chawla, Senior Advocate, a distinguished Tax & Business Lawyer, has unveiled the Third Edition of “Supreme Court on Company Law” (Compendium of Cases) (1950-2025) covering judicial pronouncements over a period of seventy-five years from 1950 to 2025, following the Second Edition published earlier in 2022 by Bloomsbury/Corporate Law Advisor.

      The Compendium, through a Pedagogical Reference spread across Three Volumes, compiles the landmark judgments rendered by the Hon’ble Supreme Court on matters arising under The Companies Act, 1913, The Companies Act, 1956 and The Companies Act, 2013.

      Each judgment has been supplemented with concise headnotes highlighting the ratio decidendi of the Hon’ble Apex Court. Relevant paragraphs of the judgments have also been specifically referred to, for ease of reference. Besides the Nominal Index, the Compendium has been enriched with a comprehensive Subject Index and Section Index drafted in a lucid and structured manner, thereby significantly enhancing the utilitarian & research value of the publication.

      Hon’ble Justice Ujjal Bhuyan, Judge, Supreme Court of India, in his Coveted Foreword, applauds the work highlighting that it consolidates authoritative pronouncements under the Company law in a systematic manner performing an important and enduring function. In compiling the judgments spanning over the period from 1950 to 2025, The Third Edition (In Three Volumes), provides readers with an opportunity to trace development of the law, understand its Doctrinal Foundation and appreciate its adaption to Contemporary Realities.

      Hon’ble Justice Bhuyan in his appreciation highlights The Third Edition as a product of sincere effort, hard work, meticulous planning and a serious scholarship. The curation of judgments across the spectrum from the Companies Act, 1913, through the Companies Act, 1956 to Companies Act, 2013 arranged seriatim for ready reference, demonstrates deep engagement with the subject and a clear understanding of the needs of those who rely upon such reference in their professional and academic work.

      In his Descriptive Testimonial, Hon’ble Justice V. Kameswar Rao, Judge, High Court of Delhi alludes that the work comprehensively covers judgments of the Supreme Court of India rendered over a span of seventy-five years, from 1950 to 2025, and are presented in a manner that is both systematic and easy to discern. Per Justice Rao, the distinguishing feature of The Compendium is not merely in providing the Compilation of decided cases, but in the manner in which the evolution of Company Law Jurisprudence has been traced across Changing statutory frameworks.

      About the Curator Aseem Chawla, Senior Advocate, is a Member of Bar Council of India & Fellow Chartered Accountant and Certificate Holder of “Comparative Tax Policy & Administration” from Harvard Kennedy School & “Vienna Certificate in Double Tax Treaties” from Vienna University of Economics and Business, Austria. He has also been conferred an Honorary Doctorate Award (HONORIS CAUSA), for his academic contribution in the field of Law.

      He is an accredited Trust & Estate Practitioner and Member of Society of Trust & Estate Practitioners, United Kingdom (STEP) and is well regarded for advising Large Families & Corporate Houses on Governance, Mediation, Evaluation of Alternate Forums of Dispute Redressal Arbitration & Family Succession and Estate Planning Aspects.

      He has over two decades of focused experience in advising on a variety of Corporate, Tax (including International Taxation), Business Advisory and Legal matters, Representation & Litigation Practice, Exchange Control Regulatory & White-Collar Crimes. Before being designated as Senior Advocate, he was in January 2023, appointed as The Senior Standing Counsel of Income Tax Department for representing cases on behalf of the Revenue before the Hon’ble High Court of Delhi & other Judicial fora in Delhi. He presently acts as Special Counsel for the Income Tax Department in contentious matters and is also engaged as Senior Counsel by The Competition Commission of India.

      Aseem has several authorships to his credit and consistently contributes to numerous academic & professional journals. His authorship on the Indian Contemporary Tax Landscape & Fiscal Policy Developments titled, “Finding a Straight Line Between Twists and Turns: Imperfect, Yet Honest Reflections on the Indian Tax Landscape” has received global encouragement from the leading lawyers, & academicians. His more recent publication, “Play in the Joints: Tax Insights & the Play Continues”, An Insight to the Contemporary Tax Practice & Litigation Trends, was released in the august presence of leading legal luminaries.

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

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