Formerly Iran's second-largest oil customer, Indian financial institutions were forced to withhold crude oil payments following the 2018 US sanctions.
The case for long-term investment in gold, however, remains intact.
India's foreign exchange reserves saw a substantial decline of USD 9.985 billion, reaching USD 671.625 billion for the week ended June 12, primarily driven by a sharp decrease in gold reserves, according to the Reserve Bank of India (RBI).
An Assistant Executive Engineer in Belagavi, India, is under investigation after authorities discovered disproportionate assets worth over Rs 14 crore, including gold, silver, bank deposits, and properties.
With more granular reporting and enhanced data matching, mismatches are likely to be identified more quickly.
Iran has reiterated that key preconditions must be met before negotiations with the United States can begin to resolve the conflict in West Asia, including a ceasefire in Lebanon and the release of blocked Iranian assets.
The Ram Janmabhoomi Teerth Kshetra Trust secretary, Champat Rai, has declined to provide financial details, including income, expenditure, and donations, citing an ongoing Special Investigation Team (SIT) probe. This decision follows a complaint to the Prime Minister's Office by BJP leader Rajneesh Singh, seeking transparency on the utilisation of funds for the Ram temple project.
An Assistant Executive Engineer in Belagavi, India, is under investigation after the Lokayukta discovered disproportionate assets worth over 14 crore, including gold, silver, bank deposits, and properties.
ArcelorMittal has announced a partnership with Amazon Web Services (AWS) to automate its global manufacturing operations using AWS's cloud and AI capabilities. This collaboration aims to enhance safety, asset reliability, and energy efficiency by deploying AI at the point of production for predictive maintenance, quality control, and process optimisation.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
Taxpayers should reconcile returns with AIS, Form 26AS and maintain all supporting records.
A former CIDCO official and his wife have been booked in a disproportionate assets case in Navi Mumbai, with investigations revealing assets significantly exceeding known income sources.
The Enforcement Directorate has attached assets worth 159 crore in connection with a money laundering investigation related to illegal coal mining in West Bengal. The case involves alleged pilferage and implicates various entities, including the political consultancy firm I-PAC.
A Delhi court has ordered the confiscation of several properties belonging to UK-based arms consultant Sanjay Bhandari under the Fugitive Economic Offenders Act, following his declaration as a fugitive in a money laundering case.
Senior Congress leader V D Satheesan has declared assets worth around 3 crore, including movable and immovable properties, in his affidavit filed before the Election Commission for contesting the polls from North Paravoor. Kerala Congress (M) chairman Jose K Mani has also declared his assets.
India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).
Authorities in Chhattisgarh have attached properties worth Rs 4 crore belonging to suspended IAS officer Sameer Vishnoi, an accused in the coal levy scam, for allegedly amassing assets beyond his known sources of income.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Two senior Bihar government officers are under investigation after the Economic Offences Unit (EOU) discovered property documents, cash deposits, and valuable items allegedly disproportionate to their known income.
Legendary economist and former Federal Reserve chairman Alan Greenspan has died at the age of 100 due to complications related to Parkinson's disease, his wife Andrea Mitchell confirmed.
A Delhi Motor Accident Claims Tribunal has awarded over 2.46 crore to Lakhpat Singh, a Marine Commandos (MARCOS) diver, who suffered 88 per cent permanent disability in a 2018 road accident, severely impacting his ability to continue his specialised military career.
The Securities and Exchange Board of India (Sebi) has proposed allowing celebrity endorsements for its regulated entities like AMCs and stock brokers, but only at the brand level, not for specific products or services, as part of a major overhaul of advertisement codes.
Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.
Iran's Deputy Foreign Minister Kazem Gharibabadi confirmed a peace deal with the United States, stating that Tehran will enter a 60-day negotiation period only after verifying Washington's commitments to ending hostilities, lifting the blockade, and releasing Iranian assets.
Odisha Vigilance has seized an additional 703 grams of gold from a bank locker belonging to Baikuntha Nath Behera, an assistant executive engineer, bringing the total recovery to 1.255 kg. Behera was arrested for possessing assets disproportionate to his known income, including over Rs 2 crore in cash, five buildings, 14 plots, and significant deposits.
Odisha Vigilance has seized an additional 703 grams of gold from a bank locker belonging to Baikuntha Nath Behera, an assistant executive engineer, bringing the total recovery to 1.255 kg. Behera was arrested for possessing assets disproportionate to his known income, including over Rs 2 crore in cash, five buildings, 14 plots, and significant deposits.
Authorities in Jammu demolished two residential houses belonging to alleged drug peddlers as part of an intensified crackdown on narcotics trafficking and illegal assets. This action follows legal procedures and targets individuals involved in multiple drug-related cases, aiming to disrupt criminal networks and combat the drug menace.
TMC candidate Jyotipriya Mallick, embroiled in a ration distribution scam case, declares assets worth over Rs 1.97 crore in his election affidavit, including details of his income, properties, and investments.
The Enforcement Directorate (ED) has attached land parcels and other immovable assets worth over 270 crore as part of its money laundering investigation against Rajendra Lodha, former director of Lodha Developers.
An Ahmedabad court has convicted the wife of a former Income Tax Officer in a disproportionate assets case dating back nearly two decades. The husband, also an accused, died during the trial.
'India has initiated a bear market and we will still go lower. It has nothing to do with the economy.'
Many students who do well in the NEET exams miss out on a medical seat because they didn't get their documentation in order. You don't want to be that student, says Ashok Hegde.
Rajasthan Police has launched a significant crackdown on organised crime, initiating proceedings to attach illegally acquired assets worth over Rs 220 crore. The action targets 636 criminals, including drug traffickers, and involves asset seizures, demolition drives, and the use of new legal provisions to dismantle economic networks and return confiscated properties to victims.
The Enforcement Directorate has attached assets worth Rs 17.45 crore as part of its money laundering investigation against the promoters of a Goa-based nightclub where 25 people were killed in a fire in December 2025.
The Bombay High Court has overturned orders that blocked an open inquiry into a former Pune municipal official's alleged disproportionate assets, paving the way for a probe into assets worth around 2,000 crore.
The United States and Iran are scheduled to hold their initial round of talks in Switzerland on Friday, following a ceasefire agreement virtually signed by US President Donald Trump and Iranian President Masoud Pezeshkian.
The Indian commodity market has experienced significant growth over the past decade, allowing Indian traders to capitalise on price fluctuations in commodities such as gold, crude oil, and natural gas. Earlier, commodity trading required substantial capital as these contracts were only available in bulk quantities. But to make the commodity market more accessible, exchanges such as the Multi-Commodity Exchange (MCX) have launched smaller and more flexible commodities contracts, including mini and micro contracts. These changes in the commodity lot size have changed the way small traders trade in commodity markets.
United States President Donald Trump and Iranian President Masoud Pezeshkian have virtually signed a 14-point memorandum of understanding (MoU) to end hostilities, reopen the Strait of Hormuz, and begin a 60-day negotiation process on sanctions and Iran's nuclear programme.
Authorities in Jammu demolished the house of alleged drug peddler Falla Gujjar as part of an ongoing crackdown against narcotics trafficking and illegal assets. This action follows due legal procedures and is part of a broader campaign to curb the drug menace and disrupt criminal networks in the region.
While the Andaman and Nicobar islands serve as a vital, stationary asset for projecting power in the Indian Ocean, referring to them as an unsinkable aircraft carrier ignores key military and geopolitical limitations, explains Commodore Venugopal Menon (retd).
