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    ED issues fresh summons to Pinarayi Vijayan's daughter Veena
    A&H Finverse Redefines Business Lending in India with Decade-Long Expertise and Pan-India Expansion
    Clever Hunt Pvt. Ltd. Secures Rs 75 Cr Structured Debt from Syndicate Finance to Boost Exports and Expand Manufacturing in India.
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    India continues to move forward on its growth trajectory amid global uncertainty: PM
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    June 12, 2026
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    Money laundering probe over alleged fraudulent company transactions and bogus expenses leads to fresh questioning summons.
    Enforcement Directorate issued fresh summons in a money-laundering probe over alleged fraudulent transactions between a defunct IT company and a Kerala-based sand mining company. The investigation concerns consultancy-linked payments, loans despite repayment default, and whether the transactions generated proceeds of crime. The background also refers to alleged bogus expenditure entries, cash generation, prior searches, admissions before tax authorities, and a prosecution complaint filed after the complaint-based investigation.
    June 12, 2026
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    Responsible lending drives A&H Finverse's pan-India expansion, offering customised financing for complex business needs.
    A&H Finverse has been launched as the evolved identity of A&H Capital, with a continued emphasis on responsible lending, transparency, fairness and ethical business finance. It positions itself as a specialist in large-ticket and complex financing needs, offering customised solutions through unsecured business loans, structured finance, construction finance, trade finance, working capital solutions, crisis funding, capital raising through NCDs and structured instruments, and sector-specific funding. The firm also highlights its pan-India expansion, including South India and a branch office in Kolkata.
    June 12, 2026
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    Structured debt financing supports export-led manufacturing expansion, operational nization, and supply-chain strengthening for a textile exporter.
    A textile manufacturer and exporter secured a structured debt facility to support export-led growth, including execution of confirmed overseas orders, procurement, manufacturing, inventory management, logistics, packaging, shipment, and related working-capital needs. The secured corporate debt arrangement was tailored to the company's export cycle, liquidity requirements, and commercial expansion plans, and was also intended to fund manufacturing expansion, process automation, quality assurance systems, compliance infrastructure, and supply-chain strengthening.
    June 12, 2026
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    Rupee movement strengthens as weaker dollar, lower crude prices, and improved market sentiment support early forex trade.
    Rupee movement in early foreign exchange trade was influenced by retreating global crude oil prices, a weaker US dollar, and improved domestic equity-market sentiment. The local unit opened stronger and moved higher against the US dollar after earlier weakness, with traders attributing the gain to reduced oil-price pressure following indications of an imminent Iran-related deal and the cancellation of planned military strikes.
    June 12, 2026
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    Free trade agreements with developed economies are positioned as engines for investment, innovation, jobs and quality upgradation.
    India's strategy of entering free trade agreements with developed economies is aimed at supporting long-term growth through expanded global engagement, investment inflows, innovation, job creation, quality upgradation and deeper participation in international trade. The India-EFTA Trade and Economic Partnership Agreement is described as a framework for trade, investment and innovation-led cooperation, with the EFTA countries committing investment support and direct job creation over the implementation period, while India provides access to a large and growing market.
    June 12, 2026
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    Trade and economic partnership implementation drives ministerial talks on bilateral trade, investment, and industrial cooperation.
    India's economic engagement with Switzerland and the EFTA States is to be advanced through ministerial discussions focused on implementation of the India-EFTA Trade and Economic Partnership Agreement (TEPA). The visit includes meetings with Swiss Government representatives and pharmaceutical industry leaders, with attention to operational issues, bilateral trade, investment and economic cooperation. Interaction with Swiss companies and investors will further explore opportunities for expanding trade and deepening collaboration.
    June 12, 2026
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    Global imbalances and multilateral cooperation require stronger development finance, resilient supply chains, and fairer burden sharing.
    Global growth requires coordinated action through strengthened multilateral cooperation, with particular attention to the disproportionate effects of conflicts, uncertainty and global imbalances on developing countries and the Global South. Policy responses should focus on excessive and persistent imbalances while recognising differing domestic needs across countries, and adjustment burdens should not fall on countries that are not the source of such imbalances. Stronger and more representative multilateral institutions, including Multilateral Development Banks with greater financing capacity, and resilient, diversified supply chains are needed.
    June 11, 2026
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    India-US trade relations discussed through stakeholder consultations on exports, investment, and market access for agro-products.
    Parliamentary committee on commerce reviewed India-US trade relations with stakeholders and industry bodies, examining bilateral trade, investment, exports, imports and broader economic cooperation. The discussions focused on strengthening trade ties, promoting exports and expanding global market access for agricultural and processed food products, with inputs drawn from producer, processor and exporter associations, along with representatives of relevant ministries and export development bodies.
    June 11, 2026
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    Growth outlook for India moderates as higher energy costs weigh on demand, while tax cuts and trade support aid recovery.
    India's growth is projected to moderate to 6.6 per cent in fiscal year 2026-27, with the slowdown linked to weaker private demand caused by higher energy prices and other input costs. Goods and Services Tax rate reductions are expected to support consumer demand, while fuel tax reductions and other measures have been used to ease price pressures. Reduced tariffs and expected free trade agreements may mitigate weaker external demand, with growth projected to rebound in subsequent fiscal years.
    June 11, 2026
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    Rupee weakness deepens as crude oil, capital outflows and global risk sentiment pressure the currency against the dollar.
    The rupee weakened sharply in the interbank foreign exchange market and closed at a record low against the US dollar amid geopolitical tensions, a stronger greenback, foreign capital outflows and weak domestic equity sentiment. Traders said elevated crude oil prices and concern over India's import bill added pressure, while near-term movement was expected to depend on crude oil, capital flows and global risk sentiment. Commentary also noted RBI sensitivity to excessive currency volatility and continued selling by foreign institutional investors.
    June 11, 2026
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    Duty-free gold jewellery exports under India-Oman CEPA expand market access and boost exporter competitiveness.
    Direct duty-free exports of gold jewellery from eastern India to Oman have commenced under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), with the first consignment from Kolkata dispatched by air cargo. The agreement gives Indian gold jewellery and diamonds duty-free access in the Omani market and is described as improving exporter competitiveness by reducing routing costs and enabling faster deliveries. The CEPA also extends duty-free market access to a broader range of Indian goods and covers services and investment.
    June 11, 2026
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    Public banking sovereignty concerns arise over the proposed privatisation of IDBI Bank and its wider social impact.
    Concern is expressed over the proposed strategic disinvestment and transfer of management control of IDBI Bank to the private sector, on the footing that the move implicates financial sovereignty, depositor confidence, social justice and the public character of banking. The note refers to the bank's origin as a development financial institution, its role in India's financial architecture, and the assurance that government ownership would not fall below 51 per cent, together with parliamentary caution against dilution of that level of control. Concern is also raised over the possible transfer of valuable land and other assets, the impact on employees, and the wider trend of foreign participation in Indian banking.
    June 11, 2026
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    Money laundering quashing dispute turns on false representation allegations, foreign investment concerns, and the prima facie test at quashing stage.
    The Enforcement Directorate proposed to challenge a Delhi High Court order quashing money laundering proceedings against NewsClick and its editor-in-chief after the predicate FIR was set aside. The agency said the order overlooked allegations of false representations to authorities and banks regarding the investor, source and nature of funds, commercial character of the investment, and share valuation in the context of alleged foreign direct investment without required permission. The ED also said the quashing stage required only a prima facie view on whether the allegations disclosed an offence.
    June 11, 2026
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    Cross-border digital payments expand with a direct UPI-NPI remittance link enabling real-time transfers and financial inclusion.
    Cross-border peer-to-peer remittance has been launched between India and Nepal through a direct linkage of India's Unified Payments Interface and Nepal's National Payments Interface, enabling seamless, real-time and secure instant money transfers through mobile banking applications and digital wallets. The arrangement is presented as a digital payment corridor intended to strengthen financial connectivity, improve convenience for travellers and businesses, and promote accessible, safe and affordable cross-border payments.
    June 11, 2026
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    Rupee weakness amid West Asia tensions, dollar strength and foreign outflows pressures the domestic currency in interbank trade.
    The rupee weakened against the US dollar in interbank trade amid heightened West Asia tensions, a stronger dollar index, heavy foreign institutional investor outflows and weak domestic equity sentiment. Market participants said the local unit came under pressure from external geopolitical developments and broader risk aversion, while earlier gains were linked to likely Reserve Bank of India intervention to curb excessive volatility in the domestic currency.
    June 11, 2026
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    Maritime trade security and supply chain resilience gain focus as India stresses diversification, energy security, and wider cooperation.
    Maritime trade security and supply chain resilience were highlighted as essential responses to global economic risks, with emphasis that maritime trade should remain neither impeded nor endangered amid tensions in the Gulf. India's concern with energy, food and fertiliser security and the need for further diversification of supply chains were also underlined.
    June 11, 2026
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    Make in India-led manufacturing expansion: Haleon plans a greenfield Madhya Pradesh facility to strengthen supply chains and oral health access.
    Haleon announced plans to establish its first manufacturing facility in India as a greenfield site at Pithampur, Madhya Pradesh, with the project aligned to the Make in India vision and intended to strengthen the company's long-term presence in the country. The facility is described as a strategic manufacturing base for oral health and other everyday health products, designed to support supply chain resilience, domestic value addition, exports to wider Asia, employment generation, and future-ready automated production, with operational commencement expected by 2029-30.
    June 11, 2026
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    Free trade agreements and cooperative federalism drive India's growth strategy, with MSME competitiveness and women-led development in focus.
    India's growth strategy is being advanced through free trade agreements, international market access, and a stronger export ecosystem, with emphasis on enabling MSMEs to align with global standards and improve competitiveness. The economic direction also relies on the demographic dividend through quality education, demand-driven skilling, and employment pathways for youth. Cooperative federalism, State collaboration, and women-led development are described as central to Viksit Bharat, with focus on education, skilling, safety, and empowerment of women.
    June 11, 2026
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    Excise duty exemption on higher ethanol-petrol blends expands, paving the way for future ethanol fuel adoption.
    Excise duty exemption has been extended to higher ethanol-petrol blends, with duty reduced to nil on petrol containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol. The extension broadens the earlier waiver for blends of up to 20 per cent ethanol and reflects the view that blending ethanol with petrol at fuel depots is a manufacturing activity that would otherwise attract excise duty. The measure is a preparatory regulatory step for any future introduction of higher ethanol-content fuels.
    June 11, 2026
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    Control and assurance functions harmonisation through draft RBI governance amendments invites stakeholder comments across regulated entities.
    Reserve Bank of India has issued draft Amendment Directions for public comments to harmonise and consolidate instructions on control and assurance functions across multiple categories of regulated entities, including banks, co-operative banks, non-banking financial companies, credit information companies and asset reconstruction companies. The draft directions comprise governance-related and miscellaneous amendments intended to align the applicable regulatory framework across these entities. Comments and feedback may be submitted through the Connect 2 Regulate portal or by email using the prescribed subject-line format for the relevant category of regulated entity.

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      Customs & Trade

      Dr. Nidhiesh Sharma Empowering Young Entrepreneurs and Farmers to Go Global Under PM Modi's Atmanirbhar Bharat Vision

      June 26, 2026

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      "Abki Baar, International Vyapar" New Delhi [India], June 26: Dr. Nidhiesh Sharma is a distinguished International Business Consultant, Entrepreneur, Social Reformer, and Export Promotion Expert with more than 22 years of experience in international trade, business development, entrepreneurship promotion, and social empowerment.

      Born in Jaunpur, Uttar Pradesh, Dr. Sharma has emerged as a recognized leader dedicated to strengthening India's business ecosystem and creating global opportunities for Indian entrepreneurs, MSMEs, startups, and farmers.

      As the Founder and Director of Rsrishti International Pvt. Ltd., he has played a significant role in promoting exports, entrepreneurship, healthcare initiatives, franchise development, and international business expansion across India and overseas markets.

      A Visionary for Atmanirbhar Bharat Inspired by the vision of an Atmanirbhar Bharat, Dr. Sharma actively works toward empowering Indian businesses to compete globally.

      His mission focuses on: • Promoting Indian products in international markets • Strengthening India's export ecosystem • Creating employment opportunities through entrepreneurship • Supporting startups and MSMEs with business growth strategies • Enhancing farmer income through export-oriented initiatives • Contributing toward India's economic growth and GDP development Through seminars, workshops, business conclaves, and mentoring programs, he continues to inspire entrepreneurs to build globally competitive enterprises.

      Professional Excellence With over two decades of practical business experience, Dr. Sharma has guided numerous organizations in: • Import & Export Business Development • International Trade Consulting • Global Market Expansion • Franchise Development • Startup Mentoring • Business Growth Strategy • Corporate Training • Leadership Development • International Buyer-Seller Networking His business initiatives have expanded across major Indian cities including Mumbai, Jaipur, Bhopal, Indore, Pune, Ahmedabad, and Delhi NCR.

      Internationally, his business network and collaborations have extended to markets such as: • Dubai (UAE) • Vietnam • China • Singapore • Malaysia • Other Global Trade Destinations Awards & Recognition Dr. Nidhiesh Sharma has been recognized by various national and international organizations for his contribution to entrepreneurship, exports, leadership, and social development.

      Notable recognitions include: • Bharat Shri Award • Business Ratna Award • Indian Press Recognition for Entrepreneurship Development • Excellence in International Business Promotion Awards • Leadership and Social Impact Honors from multiple organizations These accolades reflect his commitment to empowering businesses and contributing to India's economic advancement.

      Media Presence & Public Recognition Dr. Nidhiesh Sharma has built a strong and influential presence across national television channels, print media, digital platforms, business publications, and international media networks through his contributions to entrepreneurship, exports, social development, and nation-building initiatives.

      His achievements, expert insights, interviews, and business initiatives have been featured on leading media platforms including: • In24News • India News • IPC News • National & Regional Media Networks • Business Publications & Industry Journals • Digital Business & Entrepreneurial Platforms International Media Recognition Dr. Sharma's entrepreneurial journey, leadership vision, and contribution towards international trade promotion have also received recognition from international publications, including: • London Herald • London Magazine • International Business & Leadership Publications • Global Entrepreneurial Media Platforms Through media interactions, keynote speeches, panel discussions, and expert interviews, Dr. Sharma continues to advocate for entrepreneurship, innovation, exports, startup development, farmer empowerment, and the vision of an Atmanirbhar Bharat. His efforts align with the broader objective of strengthening India's economy, promoting self-reliance, generating employment, and contributing to sustainable GDP growth through business and export-led development.

      Social Impact & Public Service Beyond business, Dr. Sharma is deeply committed to nation-building and social development.

      For more than a decade, he has actively worked on: • Youth Employment Generation • Skill Development Programs • Farmer Empowerment Initiatives • Rural Development Projects • Women's Entrepreneurship Programs • Healthcare Awareness Campaigns • Startup and Self-Employment Promotion His leadership roles, including Maharashtra Pradesh Sachiv and Morcha Adhyaksh, have enabled him to drive meaningful community initiatives and social welfare programs.

      Through educational seminars and awareness campaigns, he has inspired thousands of young Indians to pursue entrepreneurship, self-reliance, and economic empowerment.

      Leadership Philosophy Dr. Nidhiesh Sharma believes that entrepreneurship is one of the strongest tools for national development.

      His leadership philosophy is built on: • Innovation • Self-Reliance • Global Thinking • Ethical Business Practices • Social Responsibility • Sustainable Economic Growth He continues to mentor aspiring entrepreneurs and business leaders to create enterprises that generate employment, contribute to exports, and strengthen India's position in the global economy.

      Legacy Today, Dr. Nidhiesh Sharma is recognized as a visionary entrepreneur, inspiring leader, export strategist, and social reformer whose work bridges business growth with social impact.

      His unwavering commitment to entrepreneurship, exports, innovation, and nation-building continues to inspire businesses, professionals, farmers, and young entrepreneurs across India and beyond.

      “Empowering Entrepreneurs • Strengthening Exports • Building Atmanirbhar Bharat” (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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