05 Jun 2026

• The Securities and Exchange Board of India (Sebi) has cancelled the registrations of five Alternative Investment Funds (AIFs) for failing to comply with mandatory reporting requirements.
• The affected entities are Exponential Innovation Fund, Florintree India Flexi Advantage Trust, Prime Realty Capital, Rudrabhishek Infrastructure Trust and Victory Investment Fund.
• The funds did not submit Quarterly Activity Reports (QARs) for all four quarters of 2025 despite regulatory obligations.
• Sebi initiated summary proceedings and issued show-cause notices in April 2026 after identifying repeated non-compliance.
• The regulator concluded that the violations were established and ordered immediate cancellation of registrations under applicable regulations.Read more

05 Jun 2026

• The Andhra Pradesh government has sanctioned an AI-enabled traffic management initiative, Project SARTHI, for Visakhapatnam at an estimated cost of INR 99.19 crore.
• The project aims to improve traffic regulation, road safety and incident response through advanced surveillance and intelligent transport technologies.
• The system will integrate artificial intelligence, automated traffic monitoring, command-and-control infrastructure and real-time enforcement mechanisms across the city.
• The initiative forms part of broader efforts to strengthen urban mobility infrastructure in Visakhapatnam amid rising traffic volumes and growing urbanisation.Read more

05 Jun 2026

The National Green Tribunal's Eastern Zone Bench, Kolkata, on 26 May 2026 admitted a petition alleging the illegal operation of a brick kiln and unauthorised clay mining in Village Ambakuduchi, Tahasil Basta, District Balasore, Odisha. The applicant, Rajanikanta Jena, contends the unit operates without environmental clearance or pollution board consent, causing serious harm to local residents. The bench has constituted a joint committee comprising the CPCB, OSPCB, and the District Magistrate, Balasore, to inspect the site and submit a report within one month. The matter is next listed on 23 July 2026.Read more

04 Jun 2026

Rashmi Saluja, former executive chairperson of Religare Enterprises Ltd, along with four others, has been summoned by a special PMLA court in connection with a money laundering case linked to Employee Stock Option Plans. The Enforcement Directorate’s complaint alleges a conspiracy involving bribery and filing of a bogus FIR to block the Burman family from taking control of the company. The court observed that the offence is serious, involving public fund losses and financial instability concerns. All accused have been directed to appear on June 11, while the alleged proceeds of crime are estimated at INR 179.54 crore.Read more

04 Jun 2026

• The National Investigation Agency (NIA) has filed chargesheets against 31 individuals in four cases related to alleged obstruction of the Special Intensive Revision (SIR) of electoral rolls in West Bengal's Malda district.
• The accused have been charged over incidents involving road blockades, disruption of official duties and the alleged restraint of judicial officers engaged in the electoral exercise.
• The chargesheets have been submitted before the NIA Special Court in Kolkata following investigations based on digital, technical, documentary and oral evidence.
• The agency has stated that investigations remain ongoing to identify additional individuals allegedly involved in the incidents.Read more

04 Jun 2026

The Enforcement Directorate (ED) has arrested four promoters and directors of Earth Infrastructures Ltd in a money laundering investigation linked to an alleged INR 2,004 crore homebuyer fraud. The case involves over 19,425 homebuyers and investors who allegedly invested in projects that remained incomplete or undelivered. The agency has alleged diversion of around INR 467 crore through related entities. The investigation stems from multiple Delhi Police EOW FIRs and an SFIO complaint against the company’s promoters and directors.Read more

04 Jun 2026

The Central Road Research Institute (CRRI) carried out a detailed study of Layout Pooling Scheme (LPS) roads being developed in Amaravati, focusing on internal road networks and associated civic infrastructure. Over a two-day field visit, the team examined construction progress across multiple LPS zones, including drainage, sewerage systems, and power line planning. Findings were presented to the Amaravati Development Corporation (ADC) leadership. The study also included technical recommendations on road design standards based on traffic load requirements for both internal and trunk roads in the capital region.Read more

04 Jun 2026

Maharashtra and Finland have strengthened cooperation on circular economy and waste-to-value systems, with key participation from Maharashtra Chief Secretary Rajesh Aggarwal, IAS, MMRDA Metropolitan Commissioner Dr. Sanjay Mukherjee, IAS, and Consul General of Finland Erik af Hällström. The discussions were held during a circular economy conclave hosted by MMRDA and the Consulate General of Finland in Mumbai. The engagement comes ahead of the World Circular Economy Forum 2026 in India and reflects ongoing collaboration involving Chief Minister Devendra Fadnavis and Finnish leaders, including Ville Tavio and President Alexander Stubb, focused on sustainability, recycling and clean energy initiatives.Read more

04 Jun 2026

The Enforcement Directorate (ED) has initiated an investigation into Vedanta Group under the Foreign Exchange Management Act (FEMA) and conducted searches at multiple company premises across India. The probe is examining certain foreign exchange-related transactions, including a 2023 instance in which Vedanta Resources, the London-based parent company, reportedly refunded part of a brand fee to Vedanta Ltd. The agency is also reviewing other corporate structures within the group. Vedanta has acknowledged the regulatory action and stated that it is fully cooperating with authorities while continuing to comply with all applicable laws and regulations.Read more

04 Jun 2026

• Punjab RERA has directed a builder to refund excess amounts collected from homebuyers and obtain pending completion certificates for the project.
• The authority found that additional charges linked to area changes could not be imposed without proper contractual backing and buyer consent.
• Homebuyers had challenged extra financial demands and raised concerns over the project's regulatory compliance.
• The order reinforces RERA's stand on transparency, buyer protection and adherence to approved project commitments.
• The ruling also highlights the importance of securing statutory approvals before project handover and possession.Read more