The Enforcement Directorate has arrested a former Andhra Pradesh State Beverages Corporation Ltd. official and a "prime accused" in connection with a fresh money laundering case related to an alleged Rs 195-crore liquor transport scam. Raids were conducted at multiple premises, including those linked to a former minister.
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
Prime Minister Narendra Modi on Sunday used two major public engagements in Kolkata to outline a broader vision for India's future -- one rooted in inner balance and collective well-being through yoga, and the other in national self-reliance and maritime strength.
The unprecedented rally in artificial intelligence (AI)-linked stocks has led to Indian companies being excluded from the top 10 constituents of the MSCI Emerging Markets (EM) Index for the first time in over two decades, raising concerns about concentration risk.
Maruti Suzuki India Ltd has launched the Wagon R, India's first flex-fuel car, capable of running on any blend of ethanol and petrol from E20 to E100, aligning with national energy security and sustainability goals.
The Adani Group-owned Navi Mumbai International Airport is slated to commence international passenger and freighter operations from July 15. This marks a significant expansion for the airport, which began domestic services last December. Air India Express and IndiGo are expected to operate international flights, with customs readiness reviews already completed. The airport anticipates a substantial increase in daily passenger footfall and air traffic movements by the year-end.
A Mumbai court has summoned Rashmi Saluja, former executive chairperson of Religare Enterprises Ltd (REL), and four others in connection with a money laundering case linked to Employee Stock Option Plans (ESOPs). The Enforcement Directorate's case is based on a police complaint registered against the accused for alleged criminal conspiracy and cheating in 2024.
The Enforcement Directorate has arrested the promoter of a Noida-based realty company in a money laundering case linked to alleged duping of home buyers.
Indian benchmark indices Sensex and Nifty climbed in early trade, driven by buying in blue-chip stocks like Reliance Industries and ICICI Bank, alongside a notable cooling in crude oil prices.
A Liquefied Natural Gas (LNG) carrier, chartered by an Indian firm, safely transited through the Strait of Hormuz -- the first Indian LNG tanker to cross the war-hit narrow shipping lane since the war in West Asia broke out more than three and a half months back.
Graphite electrode maker TACC has signed an initial agreement with the Institute for Functional Intelligent Materials to collaborate in the fields of advanced materials science, nanotechnology, and related disciplines.
Elon Musk's Starlink is in "active and productive discussions" with the Indian government, awaiting final regulatory clearance, including spectrum allocation, to launch its satellite internet services, despite media reports suggesting a freeze on approvals.
The Association for Sports Industry Professionals (ASIP) has partnered with SporTech Innovation Lab to enhance support and opportunities for sports professionals across India. This collaboration will leverage SporTech's AI-powered SportsKeyz platform for various ASIP operations, aiming to advance the sports industry through technology and professional development.
India's economy in FY26 saw significant momentum from investment demand, with gross fixed capital formation (GFCF) accelerating to 8.2 per cent, while private final consumption expenditure (PFCE) also grew steadily, according to provisional estimates.
Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, signalling an accelerating infrastructure expansion cycle while maintaining leverage below its stated target.
The Indian equity market is set for an event-heavy week, with analysts pointing to the Reserve Bank of India's (RBI) interest rate decision, developments in the US-Iran situation, and crude oil prices as the primary determinants of market trends.
Foreign Portfolio Investors (FPIs) have withdrawn over Rs 62,853 crore from Indian equities in the first fortnight of June, bringing the total outflows for 2026 to Rs 2.87 lakh crore, surpassing the entire 2025 figure, driven by geopolitical tensions, global economic growth concerns, and a weakening rupee.
Maharashtra BJP MLC Pravin Darekar announced the launch of 'Devabhau' and 'Chhava' cooperative taxi services in Mumbai, aiming to counter private aggregators and benefit drivers directly, but the scheme has drawn sharp criticism from social activist Anjali Damania and the Opposition Congress over the proposed use of Mumbai Bank funds and its political branding.
The Enforcement Directorate (ED) is set to appeal the Delhi High Court's decision to quash a money laundering case against news portal NewsClick and its editor-in-chief Prabir Purkayastha, arguing that the High Court 'overlooked or left unaddressed' critical contentions regarding alleged FDI rule violations and false representations to authorities.
The India-Oman free trade agreement, operationalised on June 1, is set to create significant export opportunities for India's labour-intensive and value-added sectors, including textiles, gems and jewellery, and marine products, while also strengthening energy security.
Mr Pradhan is not an especially charismatic leader or a brilliant orator, but his understanding of realpolitik and organisational dynamics makes him the ultimate party man, points out Aditi Phadnis.
Shares of Parle Industries Ltd surged by 5% after Prime Minister Narendra Modi gifted Melody toffees to Italian Prime Minister Giorgia Meloni.
The Enforcement Directorate has launched a foreign exchange violation investigation against Vedanta Group, conducting searches at its premises in multiple locations.
The CBI has filed a chargesheet against Sequel Buildcon Private Limited for allegedly cheating homebuyers and siphoning off funds issued by PNB Housing Finance for a Noida-based project.
A Delhi court has granted bail to six individuals accused in a scam related to the Delhi government's 'Jai Bhim Mukhyamantri Pratibha Vikas Yojana'. The court cited the principle that bail is the rule and denial is an exception.
Cochin Minerals and Rutile Ltd (CMRL) has challenged the Kerala High Court's decision allowing the Enforcement Directorate (ED) to investigate its financial dealings with Veena T, daughter of Kerala's Chief Minister Pinarayi Vijayan. CMRL argues the ED probe lacks jurisdiction and violates natural justice principles.
The fourth price rise takes the cumulative hike to Rs 4 per kg.
Kalyani Strategic Systems' subsidiary, Agneyastra Energetics Ltd, has commenced construction of a Rs 1,500-crore defence manufacturing facility in Andhra Pradesh, aiming to enhance India's indigenous defence capabilities and generate employment.
A Delhi court has granted bail to a director of a coaching institute accused in an alleged scam linked to a Delhi government scheme, stating that his continued imprisonment would serve no purpose.
The Delhi High Court has quashed cases registered by the Delhi Police and the Enforcement Directorate against news portal NewsClick and its editor-in-chief Prabir Purkayastha, citing that the continuation of the FIR was 'a gross abuse of the process of law' and the investment was an economic decision that 'did not spell out any criminal offence'.
Rajesh Mehta, Chairman of Rajesh Exports, has distanced his firm from LIC's investment decisions, stating, "We don't even know where LIC's office is. We have no contact, no connection. This decision of buying shares through the secondary market is their own decision in a prudent commercial manner."
India has significantly reduced Aviation Turbine Fuel (ATF) prices for international airlines by 27% due to easing global fuel benchmarks, while simultaneously increasing commercial LPG and 5-kg cylinder prices to record highs.
Shares of gems and jewellery firm Rajesh Exports Ltd dropped 5 per cent to hit the lower circuit limit after capital markets regulator Sebi barred its promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds.
An industrial accident at the Rashtriya Ispat Nigam Ltd (Vizag Steel Plant) in Visakhapatnam resulted in the deaths of at least six workers after molten iron spilt on them. Authorities are investigating the incident, and rescue operations are underway.
Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
The scheme, called 'Suhana Safar', targeted customers who aspire to own a car but were hesitant because of concerns around arranging the down payment or managing future EMI obligations.
Odisha Vigilance arrested a cooperative official, Patitapaban Majhi, for allegedly misappropriating over Rs 33 lakh in government funds during his tenure at the Garhsantri Service Co-operative Society.
Foreign Portfolio Investors (FPIs) have withdrawn nearly Rs 43,000 crore from Indian equities in the first week of June, contributing to a total outflow of Rs 2.67 lakh crore in 2026, driven by a global shift towards technology and AI-linked opportunities and persistent rupee depreciation.
Petrol and diesel prices in India have seen their fourth increase in less than two weeks, pushing cumulative hikes to nearly Rs 7.5 per litre since May 15, reaching their highest levels since May 2022. This surge, driven by global crude oil costs and the Iran conflict, is expected to exacerbate inflationary pressures and raise transportation costs across the economy.
CNG prices in Delhi have been increased by Re 1 per kg, marking the second increase in less than a week, according to Indraprastha Gas Ltd.
