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    Ex-Kerala CM's daughter Veena appears for questioning before ED in PMLA case
    CCI approves subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited
    CCI approves proposed combination involving acquisition of PGIM India Asset Management and PGIM India Trustees by TVS Emerald Ltd. and TVS Venu Manage...
    CCI approves the proposed combination involving inter-alia subscription to certain CCPS and acquisition of certain equity share capital of Romsons Gro...
    'Minimal space' for new programmes, says CM Vijay-led TN govt
    PRESS RELEASE ON NEW SERIES OF WHOLESALE PRICE INDEX, AND PRODUCER PRICE INDICES WITH BASE YEAR 2022-23
    ED searches at 17 locations in corporate insolvency process case
    NIA Special Public Prosecutor Advocate Gautam Khazanchi Engages Galgotias Law Students on Bail Jurisprudence, Constitutional Safeguards and PMLA
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    Iran war is a 'wake-up call' for Southeast Asia's energy sector, report says
    Kerala: ED questions CMRL MD''s wife, son in money laundering probe
    KYCKART Marks Five Years as Government Funded and Licensed Verification Infrastructure for Indian BFSI
    SC seeks responses of Centre, States on plea for use of Aadhaar as identity proof only
    China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
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    Govt hikes windfall tax on diesel, ATF exports
    ED interrogates TMC MP Abhishek for over 11 hours in primary school jobs scam case
    Electricity tariffs in Chhattisgarh hiked by 6.23 per cent, Congress calls it 'loot'
    India's engineering exports jump 24 pc to USD 12.31bn in May: EEPC
    Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers
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June 17, 2026
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Money laundering allegations drive questioning over disputed corporate transactions and alleged proceeds of crime under PMLA.
Money laundering allegations concern transactions between a now-defunct IT firm and a mining company, with the Enforcement Directorate questioning Veena T and seeking documents on the dealings. The inquiry relates to alleged payments by Cochin Minerals and Rutile Ltd. without services in return, and loans extended to Exalogic by another company connected with the same management. The agency has alleged generation of proceeds of crime and registered the matter under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 17, 2026
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Competition Commission approval for equity subscription in a financial services company through a proposed combination
Competition Commission approval was granted for a proposed combination involving the subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited. The transaction concerns a minority equity subscription in a financial services enterprise, with the Commission's detailed order stated to follow.
June 17, 2026
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Proposed combination approval for acquisition of asset management and trustees businesses by TVS entities.
Approval of a proposed combination involving acquisition of 100% of the issued, subscribed and paid-up share capital of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited. TVS Emerald Limited is engaged in real estate development in India, while TVS Venu Management and Consultancy Services Private Limited presently has no business activities. The target entities are engaged in wealth management, including mutual funds, portfolio management services, alternative investment funds and investment advisory services.
June 17, 2026
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Competition clearance for acquisition and CCPS subscription in Romsons Group under a proposed internal restructuring.
Competition Commission of India clearance was granted for a proposed combination involving internal restructuring of the Romsons Group and the subscription to compulsorily convertible preference shares together with acquisition of equity share capital in Romsons Group Private Limited by Jongsong Investments Pte. Ltd. The acquirer is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings Private Limited. The target is engaged in the manufacture and sale of medical devices and personal care and hygiene products.
June 16, 2026
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Fiscal space for new programmes remains minimal as Tamil Nadu's White Paper flags higher deficits, borrowing constraints, and understated liabilities.
Tamil Nadu's White Paper on state finances says there is only minimal fiscal space for new programmes because projected deficits remain high, borrowing is constrained, and committed expenditure is understated. It notes over-projected tax revenue, omitted recurring liabilities, and limited borrowing headroom, leading to a much larger expected revenue deficit and fiscal deficit than budgeted. The paper also highlights worsening debt, interest burden, revenue weakness, and the need for sustained revenue mobilisation, expenditure control, debt management, and clean governance.
June 16, 2026
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Wholesale Price Index revision with base year 2022-23 expands coverage, updates methodology, and introduces new producer price indices.
Wholesale Price Index and Producer Price Indices are being revised with base year 2022-23, replacing the existing WPI series with base year 2011-12. The revised framework introduces a larger commodity basket, updated grouping of energy items, revised weight derivation using Gross Value of Output for WPI, short-term formulation for elementary indices, and targeted mean imputation for missing prices. Output PPI, trial Input PPI, and Service PPIs are also introduced, with monthly, experimental, and quarterly release schedules, respectively, and back-series data made available on the official portal.
June 16, 2026
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Corporate insolvency resolution process scrutiny deepens amid alleged circular transactions, fraudulent asset transfers, and voting-rights violations.
Enforcement Directorate searches were conducted at 17 locations in Maharashtra and Delhi in a money laundering investigation linked to alleged irregularities in a corporate insolvency resolution process. The probe concerns an allegedly fraudulent loan and other loans, and is aimed at gathering material on circular transactions, fraudulent takeover of stressed assets, under-valuation of auctioned assets, inflated and fraudulent claims, violation of creditor voting rights, and lack of transparency in the insolvency resolution process.
June 16, 2026
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Bail jurisprudence and Article 22 safeguards shaped a detailed discussion on PMLA, economic offences, and criminal litigation complexity.
Bail jurisprudence in criminal cases was discussed with emphasis on the constitutional balance between personal liberty and the interests of justice. The lecture explained the constitutional foundations governing bail, the evolution of judicial interpretation through precedent, and the principles considered by courts while granting or refusing bail in criminal proceedings. It also covered Article 22 safeguards, including protections relating to arrest, detention, legal representation, and procedural rights, and focused on the Prevention of Money Laundering Act, the Enforcement Directorate, stringent bail conditions, and the practical challenges of financial crime litigation.
June 16, 2026
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Aadhaar identity use questioned over alleged misuse as proof of citizenship, domicile and residential address.
A plea has challenged the alleged misuse of Aadhaar cards as proof of citizenship, domicile and residential address, seeking directions to limit their use strictly to identity verification. The matter concerns the permissible legal scope of Aadhaar-based identification and the need to prevent its use for purposes not authorised by the governing framework.
June 16, 2026
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Energy diversification becomes urgent as Southeast Asia confronts import dependence, price shocks and cleaner power transition pressures.
Southeast Asia's energy sector is exposed to supply and price shocks because of heavy reliance on imported oil and gas through the Strait of Hormuz. The report urges diversification of energy sources and supply routes, reduced dependence on imported fossil fuels, improved grid efficiency and greater investment in renewable energy, while noting rising rooftop solar use, electric vehicle sales and renewed interest in nuclear power.
June 16, 2026
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Money laundering probe over alleged sham payments and loans linked to CMRL, Exalogic, and family-associated companies.
Enforcement Directorate questioning continued in a money laundering probe concerning transactions between CMRL, Exalogic Solutions Private Limited, and entities linked to the Kartha family. The investigation concerns alleged payments by CMRL to Exalogic without corresponding services and loans extended by Empower India Capital Investments Private Limited to Exalogic despite alleged repayment defaults. The agency has stated that these transactions generated proceeds of crime, and the case has been registered under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 16, 2026
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BFSI digital verification infrastructure expands with licensed compliance tools, real-time fraud analytics and privacy-focused regulated deployment.
Integrated digital verification and fraud analytics platform for the BFSI sector scaled into a government and regulatory licensed compliance infrastructure serving banks, NBFCs, insurers and fintechs through a single API. The platform supports Digital Onboarding, Fraud Intelligence and Collections Intelligence using real-time verification, source-authenticated data and timestamped audit trails, with compliance-grade deployment in regulated environments. Its licensed expansion includes RBI Innovation Hub Data Service Provider status, Aadhaar Offline Verification Seeking Entity capability and Unified Logistics Interface Platform licensing, alongside privacy- and security-focused compliance under the Digital Personal Data Protection Act and its rules.
June 16, 2026
Show AI Summary
Aadhaar identity proof limits sought amid concerns over misuse for citizenship, address and voter enrolment
Restriction on the use of Aadhaar as an identity document was sought on the ground that it is being treated as proof of citizenship, domicile, residential address and date of birth despite the statutory and regulatory position that Aadhaar is only proof of identity. The plea asserted that misuse of Aadhaar for school admission, property transactions and issuance of other documents, as well as in voter registration forms, undermines the intended scope of Aadhaar and permits inclusion of persons without adequate supporting documents in official records.
June 16, 2026
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China's export surge threatens European industry as leaders weigh higher tariffs and broader action against overcapacity.
China's export surge is shifting away from the United States tariff wall toward Europe and other open markets, raising concern that a new wave of import competition could disrupt advanced economies. European leaders are considering a stronger tariff response and broader coordination to address the trade threat, while the article links the pressure to China's dominance in world trade, its higher-value exports, and policies that encourage overproduction and suppress domestic consumption.
June 16, 2026
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Rupee strengthens as falling crude prices and easing Middle East tensions improve near-term currency sentiment.
The rupee strengthened in early trade as sharp declines in crude oil prices and easing Middle East tensions improved sentiment for the domestic currency. Traders said reduced pressure on global energy supplies, supportive foreign inflows, gains in domestic equities and a narrowing merchandise trade deficit all backed the near-term outlook for the rupee.
June 15, 2026
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Windfall gains tax on petroleum exports is revised to curb export incentives and protect domestic fuel availability.
Windfall gains tax on exports of petroleum products has been revised for the fortnight beginning 16 June 2026, with the special additional excise duty on diesel exports increased and the duty on aviation turbine fuel exports also raised. The levy on petrol exports remains unchanged, and the existing duty rates on petrol and diesel cleared for domestic consumption are unchanged. The stated purpose of the windfall tax is to support domestic availability of petroleum products by discouraging exports when international crude prices and geopolitical conditions create a price advantage for exporters.
June 15, 2026
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Money laundering probe over teacher recruitment irregularities focuses on fund trail, layered transactions, and intermediary entities.
Enforcement Directorate questioned a Trinamool Congress MP for over 11 hours in a money laundering probe linked to alleged irregularities in primary teacher recruitment. The agency focused on the money trail, financial documents, digital records, bank records and communication data to identify who handled the funds, how they moved through accounts and entities, and whether the transactions were layered to conceal their origin. The examination also covered intermediaries, beneficiary entities and inconsistencies between earlier submissions and recovered materials.
June 15, 2026
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Electricity tariff revision retains consumer concessions while raising rates across categories and adjusting rebates and surcharge terms.
Electricity tariffs in Chhattisgarh were revised upward by an average of 6.23 per cent across consumer categories from 1 July 2026, with the regulator stating that the revised tariff was approved to meet the estimated revenue requirement for the year. Several concessional and protective measures were continued for women's self-help groups, hospitals, tribal regions, agricultural pump connections, and other specified consumer classes, while the advance payment rebate and delayed payment surcharge were also revised.
June 15, 2026
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Engineering exports growth reflects resilience, trade facilitation and product diversification amid external market disruptions.
India's engineering goods exports showed strong growth in May 2026 and during April-May 2026-27, despite trade disruptions linked to the West Asia conflict. The sector's resilience was attributed to adaptability, government support and trade facilitation measures, while continued momentum was said to require focus on market conditions and product diversification.
June 15, 2026
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Money-laundering probe over homebuyer fraud leads to provisional attachment of developer and promoter properties.
Provisional attachment under the Prevention of Money Laundering Act was issued in a money-laundering investigation concerning alleged fraud against homebuyers by a real estate developer and its promoter. The attachment covered immovable properties of the company, the promoter, and family members, following multiple FIRs based on complaints by homebuyers. The investigation concerned funds collected from homebuyers for residential projects and alleged diversion of those funds to purposes other than development and completion of the promised projects.

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PMLA / Black Money

HIGHLIGHTS

July 8, 2026

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New Delhi, Jul 8 (PTI) Following are the top stories at 9 PM NATION DEL101 JK-2NDLD ENCOUNTER (8.25 PM)

LeT terrorist Zakir Ganai killed in multi-day operation in J-K's Shopian Srinagar: A Lashkar-e-Taiba (LeT) terrorist identified as Zakir Ganai was killed in South Kashmir's Shopian district following a relentless six-day operation launched by the Army and other security forces, based on a Jammu and Kashmir Police tip-off, officials said Wednesday.

DEL111 LD RAM TEMPLE (9.17 PM)

Donation 'theft': Adityanath defends Ram temple trust; Avinash Shukla named prime accused Ayodhya/Chitrakoot: Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday defended the Ram temple trust saying the SIT probing the alleged donation theft found evidence against only eight out of nearly 150 people engaged in counting offerings, even as police took three accused into custody for further interrogation.

DEL46 RAHUL-UGC NET (4.18 PM)

Govt turning blind eye, sleeping soundly despite repeated 'scams' in NEET, NET: Rahul New Delhi: Congress leader Rahul Gandhi on Wednesday attacked the Modi government over alleged irregularities in the UGC-NET exam, saying it continues to turn a blind eye and sleep soundly despite repeated "scams" as years of hard work put in by lakhs of students hold no value for it.

DEL96 DL-BUILDING-COLLAPSE-TOLL (8.10 PM)

One dead, 5 to 6 people still feared trapped in Delhi's Rohini building collapse New Delhi: One person died while five to six others are still feared trapped after a three-storey under-construction building collapsed in Delhi's Rohini area on Wednesday, police said.

DEL56 EDU-NEET-PLAN (4.58 PM)

2027 NEET-UG plan: Computer-based test to be spread over 6 days across more than 1,000 centres New Delhi: Medical entrance exam NEET-UG, which is set to be conducted as a computer-based test from next year, will be spread over at least six days across more than 1,000 centres, sources said.

CAL48 WB-MAMATA-DISSIDENTS (8.42 PM)

Mamata warns dissident TMC leaders: 'Stay with party or join BJP' Kolkata: Former West Bengal chief minister Mamata Banerjee on Wednesday attacked the dissident Trinamool Congress leaders, asking them to either remain with the TMC or openly join the BJP instead of "staying in the middle of the river".

DEL65 ED-TMC-LD ACCOUNTS FREEZE (5.40 PM)

ED freezes TMC's Rs 440-cr worth bank deposits under PMLA Kolkata/New Delhi: The Enforcement Directorate (ED) on Wednesday said it has frozen three bank accounts of the Trinamool Congress (TMC), holding deposits worth Rs 440 crore, under the anti-money laundering law following searches in an alleged funds misappropriation case.

DEL79 SPACE-GAGANYAAN-PARACHUTE-TEST (7.13 PM)

ISRO successfully conducts critical test on main parachutes for Gaganyaan's crew module New Delhi: The Indian Space Research Organisation (ISRO) successfully conducted a critical test on the main parachutes for the Gaganyaan's crew module.

DEL91 DFE-DRDO-PINAKA (7.46 PM)

India conducts successful flight-test of Pinaka Long Range Guided Rocket New Delhi: India on Wednesday conducted a successful flight test of Pinaka Long Range Guided Rocket (LRGR) at the Integrated Test Range, Chandipur in Odisha, officials said.

BOM32 MH-DOCTORS-2ND LD ASSAULT (6.56 PM)

Shiv Sena corporator arrested for assaulting doctors at civic hospital; party promises disciplinary action Thane: Shiv Sena corporator Ramesh Mhatre and three of his associates have been arrested for allegedly assaulting doctors and medical staff at a civic-run hospital in Thane district of Maharashtra amid an outrage and political row, forcing the Eknath Shinde-led party to promise disciplinary action.

BOM23 MH-FARMERS-SUICIDES-MARATHWADA (5.32 PM)

465 farmer suicides recorded in Marathwada region in first half of 2026 Chhatrapati Sambhajinagar: As many as 465 farmers committed suicide between January and June 2026 in the Marathwada region of central Maharashtra with Chhatrapati Sambhajinagar district reporting the highest cases at 109, an official report said on Wednesday.

DEL104 2ND LD RAINS (8.36 PM)

Delhi, Mumbai grapple with monsoon havoc; 16 feared trapped in Pune collapse amid heavy rain New Delhi: Heavy monsoon rains battered large parts of the country on Wednesday, triggering flash floods and widespread disruption to rail and road traffic, with 16 people feared trapped under a collapsed garbage mound in Maharashtra's Pimpri Chinchwad and several parts of Delhi and Mumbai reeling under waterlogging.

DEL103 CJP-PROTEST-LD DAY 19 (8.32 PM)

CJP protest enters Day 19; Wangchuk loses over 7 kg, AISA member hospitalised New Delhi: Educator and climate activist Sonam Wangchuk's condition deteriorated further on Wednesday, with doctors reporting that he has lost more than seven kilograms since beginning his indefinite fast 11 days ago.

LEGAL LGD7 SC-CBSE-GULF COUNTRIES (5.13 PM)

SC agrees to hear plea filed by CBSE Class XII students from Gulf countries New Delhi: The Supreme Court on Wednesday agreed to hear a plea challenging the CBSE's March 27 assessment scheme for regular students who were affected by the cancellation of Class XII board examination in Gulf countries due to the Iran-US war.

LGD8 DL-COURT-RIOTS-DELAY (5.20 PM)

2020 Delhi riots: Court expresses concern over repeated delays in appearance of police witnesses New Delhi: A court here has expressed concern over repeated delays in the appearance of police witnesses and the production of case property in a case related to the 2020 Delhi riots, saying it resulted in wastage of time.

BUSINESS DEL106 BIZ-INDIA-MALDIVES-INVESTMENTS (8.42 PM)

India, Maldives conclude talks for investment treaty; legal scrubbing of text on New Delhi: India and the Maldives have concluded negotiations for a bilateral investment treaty (BIT), and the text is undergoing legal scrubbing before the deal is signed.

FOREIGN FGN41 PM-INDONESIA-LDALL TEMPLE (4.45 PM)

PM Modi, Prez Prabowo visit Prambanan Temple complex in Yogyakarta; launch conservation project Yogyakarta: Prime Minister Narendra Modi, along with Indonesian President Prabowo Subianto, on Wednesday visited the centuries-old iconic Prambanan Temple complex in Yogyakarta, marking the inauguration of a joint conservation project for this UNESCO World Heritage Site.

FGN16 US-BISHNOI-LD INDICTMENT (9.59 AM)

US charges Lawrence Bishnoi, Goldy Brar for Nijjar's killing in Canada in 2023 Washington: The US has charged Lawrence Bishnoi, a gangster imprisoned in India, and his aide Satinderjeet Singh alias Goldy Brar for ordering the assassination of Khalistan separatist Hardeep Singh Nijjar in Canada.

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