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NSE offers $160 mn to settle dispute with Sebi, move ahead with IPO

NSE offers $160 mn to settle dispute with Sebi, move ahead with IPO

The National Stock Exchange of India has offered to pay the country's markets regulator Rs 13.88 billion ($160 million) to settle a legal dispute so it can proceed with a long-delayed initial public offering, three sources said.

The sum is set to be largest settlement made with the markets regulator in India's history.

Illegal US entry means jail, deportation, visa ban: Embassy warns Indians

Illegal US entry means jail, deportation, visa ban: Embassy warns Indians

The United States has warned Indian nationals against attempting to enter the country illegally or misusing their visas, saying such actions could lead to detention, deportation, and permanent bans on future visa eligibility.

In a statement released on June 25, 2025, the US Embassy in India said, “The United States has increased enforcement of immigration laws and removal of illegal aliens. Illegal entry into the United States will lead to detention, deportation, and permanent consequences for future visa eligibility.”

ED raids in Gujarat, Maharashtra in cyber fraud probe over ₹100 cr scam

ED raids in Gujarat, Maharashtra in cyber fraud probe over ₹100 cr scam

The Enforcement Directorate on Wednesday conducted searches in Gujarat and Maharashtra as part of a money laundering investigation linked to fraudsters who allegedly committed cyber crimes like digital arrests and transferred funds of more than Rs 100 crore abroad, official sources said.

The raids were conducted in Surat and Ahmedabad in Gujarat and in Mumbai by the Surat sub-zonal office of the federal probe agency under the Prevention of Money Laundering Act (PMLA).

Trump makes U-turn, says not keen on regime change in Iran after ceasefire

Trump makes U-turn, says not keen on regime change in Iran after ceasefire

US President Donald Trump on Tuesday (local time) once again changed his stance on regime change in Iran, saying that he is not keen on 'regime change'.

Trump made this statement during a Press Gaggle on Air Force One. Speaking to reporters, he said, "No... If there was, there was. I'd like to see everything calm down as quickly as possible. Regime change takes chaos, and ideally, we don't want to see so much chaos, so we'll see how it does."

India should intervene diplomatically to stop Iran-Israel conflict: Mamata

India should intervene diplomatically to stop Iran-Israel conflict: Mamata

West Bengal Chief Minister Mamata Banerjee on Tuesday expressed concern over the ongoing Iran-Israel conflict and urged the Centre to take diplomatic initiatives to help end the hostilities between the two West Asian nations.

The conflict has seen hundreds of missiles and drones exchanged between Israel and Iran since tensions escalated over a week ago, with the situation worsening significantly following the US bombing of three major Iranian nuclear sites on Sunday morning.

Rupee posts second-best session in 2025 as oil prices ease; ends at 85.97/$

Rupee posts second-best session in 2025 as oil prices ease; ends at 85.97/$

Indian Rupee advanced below the 86 level on Tuesday, unfazed by any ceasefire breach by Iran and Israel, just hours after it was announced by US President Donald Trump earlier.

The domestic currency posted the steepest gains since May 23, as it appreciated 78 paise to close at 85.97 against the dollar, according to Bloomberg. The unit also posted the second-best session so far this year.

ICMR develops portable Nipah rapid detection kit with 100% accuracy

ICMR develops portable Nipah rapid detection kit with 100% accuracy

The Indian Council of Medical Research (ICMR) has developed a portable test kit for detecting Nipah virus cases with 100 per cent accuracy, which can provide results within 1- 2 hours.

According to Dr Naveen Kumar, Director, ICMR-NIV, Pune, "Based on amplification of viral gene without the need for a specialised machine at the field level. It's 100 per cent sensitive and specific."

India imposes anti-dumping duty on four Chinese chemicals this month

India imposes anti-dumping duty on four Chinese chemicals this month

India has imposed anti-dumping duty on four Chinese chemicals so far this month to guard domestic players from unfairly priced imports from the neighbouring country.

These duties were imposed on -- PEDA (used in herbicide); Acetonitrile (used in pharma sector); Vitamin -A Palmitate; and and Insoluble Sulphur.

Centre mulls relief for Vodafone Idea as threat of insolvency looms

Centre mulls relief for Vodafone Idea as threat of insolvency looms

The Centre is considering further relief for telecom giant Vodafone Idea (Vi) on its regulatory outstanding dues of ₹84,000 crore amid concerns that it might go bankrupt without executive support, The Economic Times reported on Tuesday.

The government is considering extending the repayment period for adjusted gross revenue (AGR) dues from the current six years to 20 years.

No one from Adani Group charged under US FCPA, says Gautam Adani at AGM

No one from Adani Group charged under US FCPA, says Gautam Adani at AGM

Billionaire Gautam Adani on Tuesday said that no one from the Adani Group has been charged with violating US Foreign Corrupt Practices Act (FCPA) or conspiring to obstruct justice. He made the remark during the annual general meeting of the group.

“We proved that the true leadership is not built in sunshine but is constructed in the fire of crisis. This was tested again last year when we faced allegations from the US Department of Justice relating to Adani Green Energy," Adani said.

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