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    DRI seizes over 1 lakh bottles of Codeine-based cough syrup in two separate operations in Tripura and West Bengal; one person arrested
    Govt withdraws emergency gas curbs imposed during Hormuz disruption as LNG supplies normalise
    Ketan Agarwal murder probe: Siya told friend marriage 'not going to take place', say police
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July 6, 2026
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Codeine-based cough syrup seizures expose concealment methods used in narcotics trafficking networks under the NDPS Act.
Large quantities of codeine-based cough syrup were intercepted and seized in coordinated anti-smuggling operations in Tripura and West Bengal under the NDPS Act, 1985. The consignments were concealed inside metallic and iron drums beneath cover cargo, including powdery substance and china clay powder, to evade detection during transport and storage. The operations involved recovery from a train parcel van and a warehouse, with one person arrested after arriving to take delivery of the consignment.
July 5, 2026
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Emergency natural gas supply curbs withdrawn as LNG shipments through the Strait of Hormuz resume after ceasefire.
Withdrawal of emergency natural gas supply restrictions followed the normalisation of LNG shipments through the Strait of Hormuz after a ceasefire and the resumption of maritime traffic. The Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026 by omitting key operational provisions of the March emergency framework, which had been issued under the Essential Commodities Act in response to disruption of West Asia LNG supplies and supplier force majeure declarations. The omitted provisions had authorised government direction and diversion of domestic gas, imported LNG and regasified LNG to priority consumers and had overridden existing gas sale agreements and related commercial contracts.
July 5, 2026
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Murder investigation centres on a Snapchat message allegedly showing prior knowledge that the planned wedding would not happen.
Police investigating the alleged murder of Ketan Agarwal said they found a Snapchat message purportedly sent by Siya Goyal in May stating that her marriage to Agarwal would not take place, while also asking for an Aadhaar card copy for wedding ticket bookings. Investigators said the message is being verified, and the friend who received it may be questioned to determine whether she had any prior knowledge of a conspiracy to eliminate Agarwal.
July 4, 2026
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Murder investigation centers on a Snapchat message suggesting the planned marriage was not to happen and may show prior conspiracy.
Police investigation in the alleged murder of a Pune realtor has reportedly brought to light a Snapchat message said to have been sent by the accused, indicating that her scheduled marriage would not take place while also referring to travel arrangements for the wedding. The message is being examined for authenticity, and investigators are questioning a friend to determine whether she had any prior knowledge of a possible conspiracy to eliminate the victim.
July 4, 2026
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Free trade negotiations face market access hurdles as India advances talks with Canada, Israel and the EU framework.
Negotiations for the proposed India-Peru free trade agreement remain stalled because of concerns over market access in sensitive products, especially duty concessions on gold. Talks with Canada are progressing under the Comprehensive Economic Partnership Agreement framework, with officials aiming to conclude the pact within the next six months or so. Negotiations with Israel are continuing more slowly because of the West Asia crisis, while the India-EU Trade and Technology Council is being used as a complementary mechanism to support implementation of the concluded trade pact.
July 4, 2026
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GST collection growth in Assam reflects stronger compliance, leakages control and digital tax administration.
Assam reported a 15 per cent increase in GST collection in June, with receipts rising to Rs 1,437 crore from Rs 1,255 crore. The growth was attributed to improved compliance, leakages control, stronger digital tax administration and a wider tax base. GST collections for the April to June quarter were also higher, at Rs 4,467 crore against Rs 3,026 crore in the corresponding period of the previous year.
July 4, 2026
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Energy security through diversified sourcing, expanded refining capacity and LPG supply measures helped shield consumers from crisis impacts.
India's response to the West Asia energy crisis relied on diversified fuel sourcing, expanded domestic refining capacity, rapid reconfiguration of refinery output toward LPG, and active diplomatic engagement to secure energy supplies from multiple countries. These measures were described as shielding consumers from severe fuel shortages and sharp price increases, while excise duty reductions and absorption of oil company losses limited the burden on citizens. The account also highlighted expansion of PNG connections, increased LPG production, and energy resilience as part of a broader policy approach to self-reliance.
July 4, 2026
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Future-ready higher education expands as new programmes focus on AI integration, industry relevance and multidisciplinary skills.
Chandigarh University Uttar Pradesh has introduced 17 new academic programmes from the 2026 academic session across engineering, management, computer applications, liberal arts, sciences, hospitality, aviation and law. The programmes include undergraduate and postgraduate courses in aerospace engineering, robotics and automation, AI and machine learning, data science, psychology, microbiology, biotechnology and an LL.M. with specialisations in constitutional law, business law, criminal law and human rights. The expansion is intended to align higher education with industry needs, AI integration, practical exposure and future-ready skills.
July 4, 2026
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Retail expansion and customs duty pressure shape jewellery retailer's strong quarterly update and margin outlook.
Jewellery retailer reported retail expansion through new showroom openings, with further store additions planned and a stronger shift toward the franchise model. The update also recorded substantial year-on-year growth in standalone revenue, retail revenue and same-store sales, supported by festive demand across company-owned, franchise and branded showroom formats. The company said performance continued despite elevated gold prices and a customs duty increase, but cautioned that discounting and duty pressure would affect margins.
July 4, 2026
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Pharmaceutical exports and Chinese investment seen as key to strengthening India-China trade ties and broader economic relations.
Greater market access for Indian pharmaceuticals in China and expanded Chinese investment in India were identified as measures that could strengthen the broader bilateral relationship. India's envoy said India seeks higher exports to China in sectors where it has a competitive advantage, particularly pharmaceuticals, and urged that Chinese partners open their market to high-quality generic medicines exported by India to other countries. He also said trade and commerce remain central to India-China ties, and that a more balanced commercial relationship would benefit both sides.
July 4, 2026
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Stake transfer approval dispute over Vizhinjam port raises disclosure, concession compliance, and public interest concerns.
SEBI and stock exchange intervention was sought over a proposed 49 per cent stake transfer in the Vizhinjam port project, on the allegation that it breached the concession agreement. The objection was that prior state approval was required for any transfer of ownership or of more than 25 per cent shareholding, and that the transaction proceeded without such approval. The matter was also linked to disclosure obligations under the SEBI listing regulations and concerns about public interest, national security, and possible monopolistic effects.
July 4, 2026
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Export promotion strategy stresses Centre-State coordination, MSME support, quality infrastructure and district-level export hubs.
Export promotion strategy centres on coordinated Centre-State action, wider use of the BHAVYA Industrial Parks Scheme, State export committees, regular consultations and monthly reviews of district export performance. The approach links exports with land and labour reforms, improved regulatory coordination and alignment of State incentives with Central programmes to strengthen export competitiveness and MSME participation. Support for exporters includes the Export Promotion Mission, quality infrastructure, trade remedies, import substitution, overseas exhibitions and cross-border e-commerce.
July 4, 2026
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Trade and investment cooperation deepens as India and Mali identify priority sectors, matchmaking opportunities and export facilitation measures.
India and Mali institutionalised their bilateral commercial engagement through the inaugural India-Mali Forum for the Promotion of Exports, aimed at deepening trade and investment cooperation through B2B, B2G and G2G matchmaking, exhibition visits and sectoral discussions in renewable energy, pharmaceuticals, textiles, automotive manufacturing and mining. The parties identified cotton and textiles, mining and energy, agro-industry and shea processing, pharmaceuticals, and social infrastructure as priority sectors, while Mali also sought support for digitising its Certificate of Origin system and prompt registration of approved Indian pharmaceutical products.
July 4, 2026
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Bilateral economic cooperation deepens as India and France expand dialogue on critical minerals, investment, railways and financial ties.
India and France advanced bilateral economic and financial cooperation through the India-France Economic and Financial Dialogue, focusing on alignment in multilateral economic platforms, including the G20 and Paris Club, and on broader views of the world economic outlook. The discussions covered cooperation in critical minerals, economic sovereignty and security policy, efforts to increase cross-investment, expand collaboration in the high-speed railway sector, and further connect the financial industries of both countries.
July 3, 2026
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Rupee gains amid weaker dollar index and reserve rebuilding, even as importer demand keeps pressure on the currency.
The rupee appreciated against the US dollar as the dollar index retreated from recent highs and domestic equities remained positive, though the currency continued to face pressure from strong dollar demand by importers and corporate hedgers. Foreign exchange reserves were reported to have declined, with the Reserve Bank of India stated to be actively purchasing dollars to rebuild reserves.
July 3, 2026
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Forced labour tariffs face Indian challenge over alleged legal flaws and compliance-based export supply chains.
India is preparing to contest a proposed US tariff action linked to allegations of forced labour in export supply chains, arguing that the underlying findings are legally flawed and fail to consider the effect on American businesses and consumers. Industry bodies have said that India's domestic legal regime is robust and that export supply chains operate within established compliance systems emphasising traceability, supplier due diligence, independent audits and responsible sourcing. Sectoral submissions also state that forced labour is inconsistent with legitimate operating practices.
July 3, 2026
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Aadhaar enrolment and biometric updates gain push with Nagaland's first Seva Kendra to widen public access.
Nagaland's first UIDAI Aadhaar Seva Kendra was inaugurated at Dimapur to improve Aadhaar enrolment and update services in the state, where enrolment remains well below the national saturation level. The centre is intended to make Aadhaar services more accessible to the public and to support wider coverage across districts where enrolment rates continue to lag.
July 3, 2026
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Export growth targets set for merchandise and services as India aims for a one trillion dollar total export milestone.
India has set export growth targets for the current fiscal year, aiming for 16-17 per cent growth in merchandise exports to USD 530 billion and 11 per cent growth in services exports to USD 470 billion in 2026-27. The overall target for total exports has been fixed at USD 1 trillion for the fiscal year.
July 3, 2026
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Money laundering investigation allows auction of seized aircraft for investor restitution under anti-money laundering law.
Enforcement Directorate auctioned a seized business aircraft in a money-laundering investigation arising from alleged investor fraud through a Ponzi scheme. The aircraft was sold after the agency sought permission to dispose of the property under the Prevention of Money Laundering framework and the adjudicating authority allowed the auction. The sale proceeds are stated to be available for restitution to genuine investors in accordance with the Prevention of Money Laundering Act, subject to leave of the Special Court.
July 3, 2026
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Foreign exchange reserves decline as gold reserves fall sharply and central bank data shows weaker currency assets.
India's foreign exchange reserves declined during the reporting week ended June 26, falling by USD 5.654 billion to USD 666.933 billion. The decrease was driven mainly by a sharp fall in gold reserves, which dropped by USD 5.394 billion, while foreign currency assets also edged down. Smaller reductions were recorded in special drawing rights and the reserve position with the IMF. The article notes that earlier reserve gains were followed by weeks of decline as the rupee came under pressure and market intervention involved dollar sales.

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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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