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    Punjab's bicycle industry seeks release of pending GST refunds
    Bharat Buildcon 2026 Generates Rs. 400 Plus Crore Business, Emerges as India's Largest Global Platform for Building Materials Industry
    Manage Your Budget and EMIs with a Bajaj Finance Personal Loan Calculator in 2026
    Maharashtra govt tables Rs 97,706 cr supplementary demands; Rs 20,552 cr for farm loan waiver
    ED questions CMRL finance chief in Exalogic money laundering probe
    APEDA Facilitates First-Ever Export of Dried Whole Egg Powder from Odisha to Austria
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    Kerala organ trafficking racket operated under guise of medical tourism co, says ED
    MP: ED conducts raids in 'fake' road construction bills case, freezes deposits worth about Rs 3 cr
    ED summons former Kerala CM’s daughter again in CMRL money laundering case
    ED attaches over Rs 1,000-cr assets in Goa 'illegal' iron ore mining case
    India boosts Russian, UAE oil purchases in Jun ahead of full Hormuz recovery
    Amid global uncertainties, par panel to study evolving economic conditions in India
    Limited increase in petrol, diesel prices in India despite global crude oil market volatility: Puri
    Hyderabad: ED auctions assets worth Rs 159 cr in Heera Group fraud case
    No real spike in petrol, diesel prices in India despite global crude oil market volatility: Puri
    BCBA Hosts Landmark Second Edition of The India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai
    HSBC INDIA OPENS NEW BRANCH IN SURAT TO SUPPORT WEALTH EXPANSION
    DBS Global University Achieves Record Placements with Sector-Diversified Strategy
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    June 22, 2026
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    GST refund delays deepen working capital stress for bicycle manufacturers seeking faster, transparent processing.
    Punjab bicycle manufacturers have sought immediate release of pending GST refunds, saying delays in processing refund claims have created severe working capital and liquidity stress. They said higher GST on inputs than on bicycles has blocked substantial funds, and urged a fully faceless and online refund mechanism to improve transparency and reduce corruption.
    June 22, 2026
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    Trade exhibition platform boosts Indian manufacturing, export opportunities and global buyer engagement across the building materials sector.
    Bharat Buildcon 2026 served as a major trade exhibition for the building materials, construction and infrastructure sectors, bringing together manufacturers, exporters, architects, builders, developers, contractors, distributors, retailers and global buyers on a single platform. The event showcased Indian manufacturing capabilities across multiple product categories and created opportunities for domestic and international business engagement. It also enabled Indian MSMEs and emerging manufacturers to connect with overseas buyers, distributors and sourcing partners, supporting export exploration, market expansion and broader global access.
    June 22, 2026
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    Unsecured personal loans with EMI calculator help borrowers compare tenures, estimate repayments, and plan budgets flexibly.
    Bajaj Finance Personal Loan is described as an unsecured, collateral-free borrowing option with repayment tenures from 12 months up to 108 months, interest rates based on borrower profile, and a fully online application process with minimal documentation. A personal loan calculator helps borrowers estimate EMIs and total repayment amounts by comparing loan amount, tenure, and interest rate, enabling budget planning and repayment assessment before applying.
    June 22, 2026
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    Supplementary budget demands expand funding for farm loan waiver, welfare schemes, utilities and infrastructure.
    Supplementary demands were tabled for the Maharashtra government, covering additional spending across unavoidable expenditure, programme-related spending and centrally supported schemes, with the net burden reduced after adjustments and recoveries. The largest proposed outlay was for the farm loan waiver scheme, alongside provisions for interest-free loans, electricity sector liabilities, urban development, employment missions, irrigation, welfare pensions, scholarship support and other public programmes.
    June 22, 2026
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    Money laundering inquiry over alleged payments without services and related loan transactions between CMRL and Exalogic Solutions.
    Money laundering inquiry concerns alleged financial transactions between Cochin Minerals and Rutile Ltd. and Exalogic Solutions Pvt Ltd, including allegations that payments were made without corresponding services and that related loan transactions generated proceeds of crime. The Enforcement Directorate questioned the Chief Finance Officer of CMRL in connection with record-keeping of the transactions and indicated that other senior company officials would also be summoned. The agency further directed Veena to appear for another round of questioning.
    June 22, 2026
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    Export of value-added egg powder highlights APEDA support, food safety compliance and expanding processed food trade.
    APEDA facilitated the first-ever commercial export of dried whole egg powder from Balangir, Odisha, to Austria, highlighting the export potential of India's value-added poultry products and processed egg products. The APEDA-registered exporter established an egg processing facility aligned with national and international food safety and quality requirements, including EIC standards and European Union hygiene requirements, and held FSSC 22000 Version 6, HALAL and KOSHER certifications. APEDA also supported processing infrastructure, food safety systems and laboratory testing capabilities to strengthen export competitiveness.
    June 22, 2026
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    Economic security and financial crime prevention gain focus through multidisciplinary training, regulatory coordination, and policy engagement.
    Financial and economic crime policy discussions emphasised the growing sophistication of financial frauds, money laundering, illicit financial flows and cyber-enabled financial crime, together with the need for technology-driven, collaborative and multidisciplinary responses. The interaction also highlighted the importance of strengthening institutional capability, enhancing regulatory coordination, promoting evidence-based policymaking and building resilience in the financial system to safeguard economic interests. The founding batch of the Master's in Financial and Economic Crimes programme visited the Economic Advisory Council to the Prime Minister as part of a Campus Immersion Programme and engaged with policymakers on economic security and emerging threats to India's financial ecosystem.
    June 21, 2026
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    Examination irregularities protest at Jantar Mantar grows as organisers press for accountability, solidarity and ministerial resignation.
    A protest at Jantar Mantar continued over alleged examination irregularities and the NEET paper leak, with organisers seeking wider participation, including support from farmer unions, and pressing for accountability from the Union Education Minister. The demonstration remained under police deployment and surveillance, while participants alleged restrictions on water, food, lighting and washroom access at the site. The protest agenda centred on demands for the minister's resignation, dialogue with the Centre and compensation for families of students affected by the examination controversy.
    June 21, 2026
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    Organ trafficking through fake medical tourism and forged donor records triggered money-laundering investigation and account freezes.
    Enforcement Directorate investigation under the Prevention of Money Laundering Act concerns an alleged organ trafficking racket in Kerala that operated through a front medical tourism company and exploited financially distressed donors. The alleged network was said to involve forgery, cheating, criminal conspiracy and illegal organ trafficking under the guise of altruistic organ donation, with forged records, transplant-related documents, searches, seizures, account freezing and examination of properties and financial trails to trace the proceeds of crime.
    June 21, 2026
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    Fake road construction bills trigger money laundering probe linked to forged invoices and alleged wrongful government payments.
    Enforcement Directorate action under the Prevention of Money Laundering Act was taken on the basis of FIRs registered by the Economic Offences Wing concerning alleged submission of fake bills in road construction works of the Madhya Pradesh Rural Road Development Authority. Contractors were said to have conspired with project implementation unit officials and fraudulently obtained government payments by using forged and fabricated invoices purportedly issued in the names of oil companies.
    June 21, 2026
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    Money laundering probe over alleged CMRL payments and related loans leads to fresh notice for questioning.
    Fresh notice was issued to Veena T for appearance in a money-laundering inquiry under the Prevention of Money Laundering Act concerning alleged transactions between Cochin Minerals and Rutile Ltd (CMRL) and her now-defunct IT company, Exalogic Solutions Pvt Ltd. The probe concerns allegations that CMRL made payments to Exalogic without corresponding services and that related loans were extended despite alleged default, with the Enforcement Directorate alleging that these transactions generated proceeds of crime.
    June 21, 2026
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    Prevention of Money Laundering Act attachment targets alleged illegal iron ore mining proceeds routed through offshore entities and assets.
    Provisional attachment under the Prevention of Money Laundering Act was issued in an alleged illegal iron ore mining case involving the Salgaocar Groups and associates in Goa. The attachment covered immovable properties in India and Singapore, along with equity shares in connected entities, on the basis that the assets were linked to proceeds generated from alleged unlawful mining, sale and export of iron ore. The alleged laundering route involved layering through BVI and Singapore-based special purpose vehicles, acquisition of overseas assets, and partial routing of funds back into India as share capital.
    June 21, 2026
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    Crude supply diversification drives India's higher Russian and UAE oil purchases as Hormuz flows slowly normalise.
    India increased crude oil purchases from Russia and the United Arab Emirates in June as refiners sought to secure supplies ahead of the fuller restoration of traffic through the Strait of Hormuz. Russian crude remained the largest source of supply, supported by competitive discounts and steady refinery demand, while India also raised purchases from Atlantic Basin and Venezuelan sources to diversify amid disruption to Gulf flows. The reopening of the Strait of Hormuz is expected to normalise energy shipments in stages, with LPG recovering first, followed by LNG and crude oil.
    June 21, 2026
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    Economic conditions in India to be examined amid global uncertainty, with focus on growth, inflation, employment, and trade.
    Parliamentary financial oversight has added evolving economic conditions in India as a subject for detailed examination for the year 2025-26. The proposed study is directed to assess the country's economic position in light of global uncertainty, geopolitical tensions, tariff-related pressures, supply chain disruptions, and commodity price fluctuations, with particular attention to growth, inflation, employment, investment trends, fiscal management, banking developments, trade, and the impact of external developments on domestic conditions.
    June 20, 2026
    Show AI Summary
    Petrol and diesel price stability highlighted amid global crude volatility, with excise duty cuts and inventory costs absorbing pressure.
    Petrol and diesel prices in India have remained relatively stable despite volatility in global crude oil markets, with excise duty reductions said to have absorbed the burden of price swings. The minister said oil marketing companies are facing losses on higher-cost crude inventories, but fuel prices could soften when lower-priced crude reaches refiners. The address also highlighted Sonbhadra's development ranking, Uttar Pradesh's economic growth, startup expansion and tourism-driven activity in Ayodhya, Kashi and Prayagraj.
    June 20, 2026
    Show AI Summary
    Money laundering asset auction: attached Heera Group properties sold for investor restitution under judicial supervision.
    The Enforcement Directorate auctioned 23 immovable assets earlier attached under the Prevention of Money Laundering Act as properties derived from the proceeds of crime in the Heera Group money-laundering investigation. The auction was conducted through MSTC pursuant to directions of the Supreme Court, and the proceeds are to be used for restitution and repayment of genuine investors under judicial supervision.
    June 20, 2026
    Show AI Summary
    Fuel pricing stability remains despite crude volatility as excise duty cuts and inventory effects cushion consumers.
    Petrol and diesel prices in India have not materially increased despite volatility in global crude oil markets, with the government saying excise duty reductions absorbed much of the pressure. The statement says oil marketing companies have faced losses without passing the full burden to consumers, and that fuel prices may soften when lower-priced crude reaches refiners. It also highlights India's economic growth, Sonbhadra's development progress, and Uttar Pradesh's expansion in industry, employment and tourism-linked infrastructure.
    June 20, 2026
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    Logistics ecosystem collaboration drives India's trade facilitation agenda at the India Logistics Conclave 2026.
    The Brihanmumbai Custom Brokers' Association hosted the second edition of the India Logistics Conclave 2026 in Mumbai, bringing together more than 550 delegates, government leaders and industry participants from the customs, ports, shipping, trade and logistics sectors. The conclave featured sessions on the roadmap for India's long-term development, the digital backbone of customs and trade, geopolitics and trade, and policy and infrastructure for a futuristic logistics ecosystem.
    June 20, 2026
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    Wealth banking expansion drives HSBC India's new Surat branch, strengthening services for affluent and non-resident clients.
    HSBC India opened a new branch in Surat, Gujarat, to strengthen its presence in an emerging wealth and industrial centre and expand services for affluent, HNW, UHNW and non-resident Indian customers. The launch forms part of the bank's broader wealth strategy in India and follows Reserve Bank of India approval in 2025 to open additional branches in key cities. HSBC India said the branch is intended to support a growing customer base in emerging wealth hubs and its continued branch network expansion across India.
    June 20, 2026
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    Sector-diversified placement strategy strengthens recruiter confidence and broadens student opportunities across multiple industries.
    DBS Global University reported a placement season driven by a sector-diversified recruitment strategy intended to reduce dependence on any single industry amid broader hiring slowdowns, especially in IT and banking. The placement team expanded relationships across core and emerging sectors, using placement intelligence, alumni networks and a curriculum aligned to industry needs to maintain recruitment momentum across a wider employer base. Placements were described across IT, FMCG, cement, home construction, retail, edtech, logistics, banking, consulting, NBFC, insurance, ecommerce and manufacturing, with roles in leadership, supply chain management, operations and brand management.

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      Customs & Trade

      UK-India Week opens in the West Midlands with IGF Smarter Regions Forum

      June 23, 2026

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      10th edition of UK-India Week begins at the University of Warwick, bringing together leaders from Gujarat and the West Midlands to advance regional growth, investment and innovation
      AHMEDABAD, India and COVENTRY, England, June 23, 2026 /PRNewswire/ -- India Global Forum's UK-India Week 2026 opened today in the West Midlands with the IGF Smarter Regions Forum, marking the start of the 10th edition of the biggest event in the UK-Indian calendar.




      Hosted at the University of Warwick, the opening day brought together senior leaders from government, business, academia and industry to deepen the emerging regional partnership between Gujarat and the West Midlands. The programme forms part of the IGF Smarter Regions Exchange: West Midlands 2026, designed to translate the momentum in the UK-India relationship into practical collaboration across investment, innovation, skills, advanced manufacturing, clean energy, life sciences and regional growth.


      The Forum featured participation from a high-level Government of Gujarat delegation, including Mamta Verma, Additional Chief Secretary, Industries and Mines Department, Government of Gujarat, and Dr. Vikrant Pandey IAS, Additional Principal Secretary to the Chief Minister, Government of Gujarat. The delegation's visit builds on recent exchanges between Gujarat and the West Midlands and reflects the growing importance of state-to-region partnerships in advancing the UK-India growth corridor.


      Opening discussions examined how Gujarat and the West Midlands can build a stronger regional growth corridor through deeper cooperation in industry, investment, innovation and skills. The programme also included a Government of Gujarat presentation on the state's growth story and a fast-pitch showcase featuring representatives from manufacturing, textiles, finance and technology, focused on identifying concrete partnership opportunities in the UK.


      The opening day will conclude with the IGF Leaders' Dinner at the National Automotive Innovation Centre, University of Warwick, bringing together senior UK and Indian figures for an evening of strategic exchange to unlock new pathways for investment, innovation and regional growth.


      Manoj Ladwa, Founder and Chairman, India Global Forum, said:
      "The West Midlands and Gujarat are not starting from sentiment; they are starting from strength. I know both places personally: one is Britain's manufacturing heartland, reinventing itself for the industries of the future; the other is one of India's great economic engines, defined by enterprise, ambition and execution.


      Put those capabilities together and you have the makings of a serious UK–India economic corridor, built on capability, complementarity and trust. The task now is to turn dialogue into decisions, relationships into capital flows, and shared ambition into jobs, investment and long-term growth.


      That is precisely why we are establishing the Gujarat–West Midlands Steering Committee: not simply to discuss opportunities, but to identify them, unlock them and deliver them. Success will not be measured by the meetings we hold, but by the partnerships we create, the investments we secure and the prosperity we generate for both regions."
      Richard Parker, Mayor of the West Midlands, said:
      "Our recent trade mission to India showed just how strong the relationship already is between the West Midlands and one of the world's fastest-growing economies. This week's programme, in partnership with India Global Forum, is about turning that momentum into real results, bringing investment into our region, creating opportunities for our businesses, generating jobs and strengthening collaboration across key sectors like advanced manufacturing, clean energy and life sciences.


      As the UK and India move forward with a landmark Free Trade Agreement, the West Midlands is ready to play a leading role, connecting global partners with our world-class industries, talent and innovation ecosystem to drive long-term growth for both economies."
      Mamta Verma, Additional Chief Secretary, Industries and Mines Department, Government of Gujarat, said:
      "Gujarat comes to the West Midlands with a clear proposition: we are one of India's leading industrial and export engines, but we are also building for the future. From clean energy, advanced manufacturing and pharmaceuticals to GIFT City, semiconductors, fintech and sports, Gujarat offers scale, policy stability, world-class infrastructure and a strong commitment to execution.


      The UK, and particularly the West Midlands, has deep strengths in innovation, advanced industries, finance, life sciences and skills. Together, we can build partnerships that move beyond trade alone and create new investment, technology collaboration, jobs and shared growth."
      The opening of UK-India Week in the West Midlands comes at a pivotal moment for the bilateral relationship, following the ratification of the landmark UK-India Free Trade Agreement. This year's UK-India Week will also feature the first major joint appearances by India's Minister of Commerce and Industry, Piyush Goyal, and the UK Secretary of State for Business and Trade, Peter Kyle, following the FTA ratification milestone, underlining the strategic importance of the week as both countries move from agreement to implementation.


      Now in its 10th edition, UK-India Week has grown into the foremost annual gathering of the UK-India corridor, convening political leaders, business chiefs, investors, innovators, entrepreneurs, policymakers and cultural voices from both countries. This year's programme spans the West Midlands and London, combining high-level forums, closed-door dialogues, curated roundtables, networking engagements and flagship awards.


      A key highlight of the week will be Day 4, when IGF London 2026 hosts the Capital & Future Frontiers Forum at One Moorgate Place in London. The flagship forum day will bring together a curated group of global investors, policymakers, technology leaders, founders and senior decision-makers for discussions at the intersection of capital, technology and policy. The programme will focus on financing the UK-India innovation corridor, advancing cross-border capital flows and exploring frontier sectors including AI, quantum, energy transition, life sciences and deep tech.


      UK-India Week will close with the UK-India Awards, the grandest celebration of UK-India relations, recognising the leaders, institutions, businesses and innovators shaping the future of the partnership. The awards will bring together a distinguished audience from politics, business, culture, technology and public life to celebrate the people and organisations driving the next chapter of the UK-India story.


      UK-India Week is also anchored by the UK-India Future Forum, India Global Forum's strategic platform for advancing a future-facing UK-India partnership. UKIFF brings together leaders from government, business, investment, technology, academia and policy to shape long-term collaboration across trade, innovation, capital, climate, skills and security, with a focus on turning shared ambition into practical outcomes for both countries.


      About India Global Forum
      India Global Forum is a global platform for leaders from business, government, policy, academia and culture to engage with contemporary India and its growing role in the world. Through high-level forums, strategic dialogues, delegations, reports and curated networks, IGF works to advance partnerships, investment flows and thought leadership across the India growth story and its global corridors.


      Social Media Handles & Hashtag to Follow
      Twitter: @IGFUpdates & @manojladwa LinkedIn: India Global Forum
      Photo: https://mma.prnewswire.com/media/2998778/IGF_Smarter_Regions_Forum.jpg' alt='Embedded Media' />Logo: https://mma.prnewswire.com/media/2566069/6010968/IGF_Logo.jpg' alt='Embedded Media' />
      (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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