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    SC upholds SEBI action against Kotak AMC, says compliance with securities regulations mandatory
    Rupee falls 30 paise to close at 95.68 against US dollar
    'Coal scam': Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra, others
    Court rejects bail plea of Jammu-based editor accused of impersonating PMO officer, cheating people
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    Coal scam: Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra Darda, others
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    The cumulative exports (merchandise & services) during April-June 2026-27 is estimated at US$ 232.73 Billion, as compared to US$ 208.98 Billion in Apr...
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    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman interacts with Bank MDs and CEOs on FCNR(B), ECB and OFCB swap initiatives in N...
    GTA 6 release date, price, and pre-orders in India in 2026: Five things every gamer needs to know
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July 13, 2026
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Mandatory securities compliance governs mutual fund redemptions, investor consent, disclosures, due diligence, and trustee responsibilities
Compliance with securities regulations is presented as mandatory regardless of whether investors ultimately incur losses or receive benefits. Close-ended mutual fund schemes must be redeemed at maturity unless formally rolled over with informed written investor consent and prior disclosure to SEBI. The reported issues also include inadequate due diligence regarding issuers' financial condition, excessive reliance on pledged collateral, delayed disclosures to investors and SEBI, and the trustee company's failure to independently assess regulatory compliance and unitholder interests.
July 13, 2026
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Rupee weakness reflects geopolitical risk, crude prices, capital outflows, rising inflation, and widening trade pressures on India
The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports.
July 13, 2026
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Predicate-offence acquittal removes the foundation for money-laundering proceedings arising from alleged coal-block allocation irregularities
Money-laundering proceedings under the Prevention of Money Laundering Act depend on the existence of a scheduled offence and identifiable proceeds of crime. Although money laundering is an independent offence, its prosecution cannot survive when the predicate offence forming its foundation has ended in acquittal. The basis for treating property or transactions as proceeds of crime is then removed, making continuation of proceedings for money laundering and company-related liability under the PMLA legally unsustainable. Proceedings may be reopened if the acquittal is later set aside or materially varied.
July 13, 2026
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PMLA bail requires satisfaction of twin statutory conditions amid allegations of impersonation, cheating, and suspected money laundering
The reported bail proceedings concerned the twin conditions under Section 45 of the Prevention of Money Laundering Act: reasonable grounds to believe that the accused was not guilty and assurance that he would not commit an offence while on bail. The prosecution also raised concerns regarding possible evidence tampering, witness intimidation, and repetition of similar conduct. The accused relied on a serious heart ailment and constitutional protection against punitive pre-trial detention, while the reported order noted his medical stability in custody and that the investigation complaint had not yet been filed.
July 13, 2026
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Frozen political party accounts raise questions on representative authority, Election Commission recognition, and preventing money laundering during investigation
Permission to operate three Trinamool Congress bank accounts frozen by the Enforcement Directorate was sought before the Calcutta High Court in connection with a probe into alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through specified accounts. The Enforcement Directorate challenged the petition's maintainability, asserting that the filers lacked authority and had not disclosed an ex parte civil court order. The petitioners relied on the party constitution and the Election Commission's jurisdiction over recognition of political parties, while the Enforcement Directorate maintained that releasing the funds would undermine the prevention of money laundering.
July 13, 2026
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Fake investment and work-from-home scams: laundering through mule accounts, shell entities and crypto wallets prompts asset seizures
Money laundering investigations under the Prevention of Money Laundering Act concern alleged fake online investment and work-from-home scams involving promises of lucrative returns and commissions. Funds transferred by victims were allegedly layered through mule bank accounts and shell entities, converted into cryptocurrency, and moved through multiple crypto wallets to conceal their origin and ownership. Searches were conducted at multiple locations, with cryptocurrency and cash seized and multiple bank accounts frozen under the PMLA.
July 13, 2026
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Engineering export growth reflects market diversification, trade agreements, and rising global competitiveness despite persistent international uncertainty
India's engineering goods exports increased by nearly 21 per cent year-on-year in June, rising to USD 11.48 billion. Cumulative exports during April-June of the 2026-27 fiscal reached an estimated USD 34.14 billion, reflecting 18 per cent growth over the corresponding period of the previous year. The reported export performance was attributed to free trade agreements with key partner countries, diversification of products and markets, and the increasing global competitiveness of Indian engineering products despite continuing global uncertainty.
July 13, 2026
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Rural infrastructure development through NABARD strengthens farmer support, women's financial inclusion, and climate-resilient agriculture in Rajasthan
NABARD is presented as a key partner in Rajasthan's rural infrastructure and agricultural development. Its initiatives support small and marginal farmers through Kisan Credit Cards, farmers' clubs and Farmer Producer Organisations, while the Self-Help Group-Bank Linkage Programme promotes financial inclusion among rural women. NABARD also supports climate-change resilience, honours rural development institutions and artisans, and provides grants for projects promoting climate-resilient agriculture.
July 13, 2026
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Retail inflation rises above target as food and fuel pressures challenge monetary policy outlook ahead of August review
Retail inflation based on the Consumer Price Index increased to 4.38 per cent in June from 3.93 per cent in May, exceeding the Reserve Bank's median target of 4 per cent. Food inflation rose to 5.32 per cent. The Reserve Bank's framework seeks to maintain CPI inflation at 4 per cent within a tolerance band of 2 per cent on either side. The Reserve Bank retained the benchmark policy rate at its June meeting but raised its inflation forecast for 2026-27, citing higher input costs and global energy price transmission to domestic fuel prices. Economic assessments anticipated further inflationary pressure while generally expecting the policy rate to remain unchanged at the forthcoming review.
July 13, 2026
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Money laundering proceedings fail when acquittal in the scheduled offence removes the basis for alleging proceeds of crime.
Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed.
July 13, 2026
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Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.
July 13, 2026
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Foreign currency mobilisation gains momentum through FCNR(B) deposits, ECBs and OFCBs, backed by NRI outreach and swap facilities.
Foreign currency mobilisation under the FEMA / RBI framework is being driven through FCNR(B) deposits, ECBs and OFCBs, with banks directed to strengthen NRI outreach, offer innovative deposit products and sustain mobilisation during the scheme period. Attractive returns on fresh FCNR(B) deposits, supported by suspension of the interest rate ceiling, customised digital outreach, use of International Banking Units at GIFT City, central bank support, and real-time reporting are presented as key implementation mechanisms. The scheme combines a US dollar-rupee swap facility for fresh FCNR(B) deposits with a concessional swap facility for eligible ECBs and OFCBs to support capital inflows and the balance of payments.
July 13, 2026
Show AI Summary
Trade pact negotiations advance as India and the US align a framework deal with wider tariff and market access discussions.
India-US trade negotiations are advancing through a framework deal and a bilateral trade agreement, with discussions focused on preferential market access and India's effort to obtain comparative tariff advantage over competitor nations. The framework arrangement is stated to be ready for signature at the appropriate stage, while the broader agreement remains under negotiation. India is also engaging with Section 301 investigations on forced labour and excess industrial capacity; proposed additional tariffs affecting multiple economies, including India, have not yet been finalised.
July 13, 2026
Show AI Summary
Foreign trade growth data shows rising exports, higher imports, and a wider trade deficit across merchandise and services segments.
Combined merchandise and services trade data for June 2026 and April-June 2026-27 records export growth together with stronger import growth and a wider trade deficit. Merchandise exports, non-petroleum exports, and trade excluding petroleum and gems and jewellery all show increases, while services exports and imports are also estimated to have risen. Major merchandise export growth drivers identified for June 2026 include gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice. The services figures for June 2026 are expressly stated to be estimates based on the latest available central bank data.
July 13, 2026
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RTI disclosure duties require clear access, proper transfer, and reasoned confidentiality claims for petroleum and ethanol data requests.
The article addresses RTI access to historical petrol and ethanol data held or referenced by the Petroleum Planning and Analysis Cell. It identifies key issues relating to disclosure of public-domain records, provision of specific website links, transfer of queries to the authority that actually holds supplier information, and the need to expressly invoke appropriate RTI exemptions when withholding company-wise petrol supplier details. The central legal themes are partial disclosure, commercial confidentiality, custodianship of records, and procedural adequacy in responding to requests for petroleum-sector production, blending, supplier, and profit-related information.
July 13, 2026
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Soybean meal export decline reflects weak international demand, higher domestic pricing, and reduced trade performance during the current oil marketing year.
Soybean meal exports in June 2026 fell sharply to 30,000 tonnes from 97,000 tonnes a year earlier, driven by higher Indian prices than competing countries, weak demand in major importing markets, and geopolitical tensions in West Asia. June production was reported at 5.52 lakh tonnes, with utilisation split between human consumption and animal, poultry, and fish feed. Month-end stock, including old stock, stood at 1.27 lakh tonnes, while cumulative exports in the first nine months of the current oil marketing year remained below the corresponding period of the previous year.
July 13, 2026
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Foreign currency mobilisation under RBI swap initiatives gains momentum through NRI outreach, FCNR(B) deposits, and eligible external borrowing support.
Foreign currency mobilisation under the RBI's FCNR(B), ECB and OFCB swap initiatives was reviewed with emphasis on sustaining inflows through enhanced outreach to the non-resident Indian diaspora. Banks reported encouraging uptake, supported by attractive returns on FCNR(B) deposits and the suspension of the interest rate ceiling on fresh deposits under the scheme. Institutions also described digital outreach, use of International Banking Units at GIFT City, and expectations of stronger ECB mobilisation. The RBI was noted as supporting eligible mobilisation and borrowings through a transparent daily reporting framework.
July 13, 2026
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Consumer financing for gaming hardware accompanies GTA 6 India launch details, including platform access, pre-orders, and EMI-based purchase options.
The article combines GTA 6 launch information in India with a consumer financing framework for gaming hardware purchases. It states the release date, supported platforms, pre-order availability, editions, and major gameplay features, and notes that current-generation console access is required while PC requirements remain unconfirmed. It separately outlines an Easy EMI Loan for consoles, televisions, and accessories through partner stores, with financing up to Rs. 5 lakh, repayment tenures from 3 to 60 months, possible zero down payment on select products, and optional paperless EMI conversion through the Insta EMI Network Card.
July 13, 2026
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Rupee depreciation pressures deepen as crude oil prices, dollar strength, and geopolitical tensions weigh on foreign exchange market sentiment.
Foreign exchange market pressure under the FEMA and RBI regulatory context is reflected in the rupee's depreciation against the US dollar, driven by higher crude oil prices, a stronger dollar, and risk aversion arising from escalating geopolitical tensions involving the US and Iran. Trading remained volatile, with the rupee recovering from lower levels as domestic markets improved and crude prices softened from intraday highs. The near-term outlook remained negative because of continuing global uncertainty, while diplomatic de-escalation and stronger domestic market conditions were identified as potential supporting factors.
July 13, 2026
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Interim bail in money laundering cases turns on medical hardship, custody safeguards, and prosecution objections over flight risk and tampering.
Interim bail was sought under the Prevention of Money Laundering Act in two money laundering cases on medical hardship grounds arising from the accused's wife's cancer treatment. The request included willingness to accept restrictive conditions such as a GPS tracker. The Enforcement Directorate opposed release, citing risk of evidence tampering and absconding, and proposed custodial parole instead. The underlying prosecutions concern alleged diversion of student fee funds, misrepresentation of accreditation and regulatory recognition, and alleged fraudulent acquisition of land.

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Corp. Laws / SEBI / IBC

4 Chandigarh University Law Graduates Become Judicial Officers, 244 Secure Jobs at Corporate Law Firms

July 23, 2026

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Over 1400 CU Law Students Undergo Internship at Supreme Court, High Courts, Top Law Firms & Judicial Institutions in 2025-26
CHANDIGARH, India, July 23, 2026 /PRNewswire/ -- With early career guidance and practical legal training being provided by Chandigarh University (CU) to its law students, four CU students have secured coveted positions as Civil Judges cum Judicial Magistrates and over 244 have been hired by various corporate law firms and legal branches of top law firms and private companies, in the past four years, in addition to hundreds of students practicing law in various courts including High Courts and Supreme Court.




Chandigarh University boosts employability of its law students by providing practical exposure to aspiring legal professionals and has facilitated internships for over 1,400 of its law students at some of India's most prestigious judicial and government institutions in the past one year, helping them gain practical experience in judicial proceedings, policymaking, legal research, litigation, and public administration for a successful career in the legal profession.


Sharing details, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University, said "Aastha Sharma, from the LLM Batch of 2019–2022 who secured 12th rank in the J&K Civil Services (Judicial) Examination, 2023, has been appointed as a Civil Judge in Jammu and Kashmir. Another standout student from the BBA LLB (Hons) program (Batch 2018–21), Jashanpreet Kaur, achieved success in the Punjab Judicial Services Examination and was appointed as a Civil Judge cum Judicial Magistrate in 2023. Vishwas Khatak, an LLB student of Batch 2017–20, cleared the Haryana Judicial Services Examination and was appointed as Civil Judge (Junior Division) cum Judicial Magistrate First Class in 2022. Anusha Raj, a student of LLM Batch of 2021-22, has secured position as Assistant Registrar at the Bihar State Legal Services Authority, Patna."
He said that this significant milestone is a testament to the university's industry-aligned curriculum, dedicated mentorship, and unwavering commitment to shaping the next generation of judicial officers. "Chandigarh University curriculum is aligned with judiciary and competitive exams, supported by mentoring, legal drafting practice, research training, and expert sessions by judges, senior advocates, and legal professionals. Going beyond traditional classroom teaching, our students get the opportunity to get regular interaction with sitting judges and legal professionals. These engagements give students a real-world perspective on the judiciary and help them take informed career decisions," he said.


Sandhu said Chandigarh University also has a robust placement program that serves as bridge between the legal profession and students.


"Our placement programs work regularly to generate placement and training opportunities for the students. Apart from practicing law in various courts, over 244 Chandigarh University students have also been hired by various corporate law firms and legal branches of top private companies, including TACT India Pvt. Ltd, Gurgaon; Equilaw Partners, New Delhi; MACS & Associates Chartered Accountants, New Delhi; IOTA Analytics, Mohali; Civic-Minds India Pvt Ltd, Mohali; Matani-Legal Private Limited, Kanpur, UP; EXO Edge India LLP, Mohali; LAW & LEGAL Chandigarh; Naks Legal, Delhi; PACER Digital India Pvt. Ltd ,Mohali; Steel Strips Ltd, Chandigarh; Virtual Admins , Mohali; Madar Financial, Noida; Assentio Mentium Law Offices, Ghaziabad, Delhi; Lawyered.in and Vidhi Chambers," he added.


Deepinder Singh Sandhu said that through the internships at the Supreme Court, Punjab and Haryana High Court, Union Ministry of Law and Justice, Punjab Human Rights Commission, Punjab State NRI Commission, Consumer Courts and prestigious law firms across the country, over 1400 Chandigarh University's law students have got the opportunity to gain first-hand experience of court proceedings, courtroom arguments, case management, research and functioning of judicial institutions, government bodies and law firms.


"This year, 14 of our law students got an internship opportunity at the Supreme Court, 305 students did an internship at High Courts at 15 States, 766 in District Courts across 19 States, 179 students did internships at lower courts, 79 did internships at 82 Corporate Law Firms in 8 States and 2 foreign countries South Africa and Zimbabwe, 5 students did internships at office or Chambers of Advocates, 21 did internship at legal branches of Multi-National Companies (MNCs), 5 at Non-Governmental Organisations (NGOs), 12 Students did internships with retired judges or government law officers, 8 in the Punjab Human Rights Commission, 6 in the Punjab State NRI Commission, 8 in the Punjab State Consumer Court, and 4 in the Punjab District Consumer Court. These internships serve as a strong foundation towards future Judicial Services Examination and distinguished legal careers of our students. The remarkable response from prestigious institutions for giving internships to our students reflects the quality of legal education at Chandigarh University," he said.


Deepinder Singh Sandhu added, "The objective of these internships is to strengthen students' practical legal skills and provide early professional exposure before they join the legal profession. Chandigarh University law students enrolled for the 5-Year Integrated Law Program complete a minimum of 20 weeks' internship, and students of the 3-Year Law Program complete at least 12 weeks' internship at various courts and tribunals, offices of practicing advocates, law firms, legal NGOs and legal departments of companies. To ensure that students gain practical exposure from the very beginning of their legal education, our one-month summer internship and 2-week winter internship programs start immediately after completion of the first year of our students at the university. These internship programmes bridge the gap between classroom learning and professional legal practice, while equipping them with the practical knowledge, confidence and skills required to excel in the legal profession."
He said that Chandigarh University facilitates unique legal specialization-based internships including Civil Law, Criminal Law, Corporate Law, Cyber Crime, Intellectual Property Rights (IPS), Arbitrations, Taxation, NGO and government legal bodies under the mentorship of reputed advocates and law firms, besides internships including stipend-based Internships for final year students under advocates ranging from Lower Courts, High Courts, Supreme Court, Corporate Law Firms as well as reputed Judges and government bodies.


About Chandigarh University
Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the fields of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.


Website address: https://www.cuchd.in/
(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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