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Weekly News Platter |
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27 Jun, 2026, 07:07PM IST, PTI |
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Hello Reader,
In case you had a busy week, these are the top stories you need to get caught up to speed...
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 Ind review finds no merit in ex-HDFC Bank chief Atanu Chakraborty's claims |
| HDFC Bank's extensive legal review found no evidence in board records to support concerns raised by former Chairman Atanu Chakraborty's resignation. The three-month investigation by domestic and US law firms examined meeting minutes, documents, and interviewed key personnel. This thorough process aimed to ascertain if Chakraborty's allegations had any basis in official communications or recorded dissent. Read more |
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 Tata Sons back on track in FY26 with ₹32,000 crore net profit |
| Tata Sons, the holding company of the Tata Group, reported strong performance in FY26 despite global geopolitical uncertainty, according to an executive cited in the report. On a standalone basis, the company posted about ₹42,000 crore in operating income and an estimated net profit of around ₹32,000 crore. It also more than doubled its dividend payout to Tata Trusts to over ₹3,000 crore. Read more |
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 ITC's packaged foods business crosses $2 billion in revenue |
| ITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was fueled by premium product launches and a favorable tax environment. While the food segment remains the largest FMCG contributor, other businesses saw modest gains. The company faces challenges from increased cigarette taxation but remains optimistic about its market position. Read more |
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 Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successor |
| In a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 2026, opting not to pursue reappointment for personal reasons. The bank, recognized as India's fourth-largest private lender, is now actively seeking a new leader to chart its path ahead. This transition will undoubtedly redefine the bank's direction as it enters a new era. Read more |
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 IMF economist says dollar remains at heart of global financial system |
| Despite global trade shifts due to U.S. tariffs, the dollar remains the bedrock of international finance, according to the IMF's chief economist. He noted that while gold prices have risen, this is largely due to investment vehicles like ETFs and stablecoin holdings, not central bank actions. The world is still firmly dollar-centered, with minimal signs of change despite recent economic developments. Read more |
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 CM Yogi woos investors to UP with incentives, 75,000-acre land bank, single-window system |
| Uttar Pradesh Chief Minister Yogi Adityanath urged domestic and global investors to explore the state's vast opportunities, highlighting a 75,000-acre land bank, tailored sector policies, and a streamlined single-window clearance system. He emphasized the significant transformation in Western UP, particularly Jewar, with improved law and order, making it an attractive investment hub. Read more |
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 Adani Airports to invest Rs 20,000 crore in airport cities spanning 655 acres |
| Adani Airport City Limited is investing over ₹20,000 crore to build integrated airport cities across six Indian airports. These developments will feature hospitality, retail, and commercial spaces on 655 acres, aiming to transform airports into hubs for commerce and urban growth. The initiative, inspired by global airport districts, prioritizes sustainability and aims to create vibrant urban destinations. Read more |
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 'Passport never been proof of citizenship': Govt cites Passports Act 1967, Bombay HC ruling |
| Government clarifies a passport has never been definitive proof of citizenship, citing the Passports Act and Bombay High Court rulings. This statement, reiterating a settled legal position, aims to address recent opposition criticism. While a passport is a crucial travel document, citizenship is determined by the Citizenship Act, 1955, based on various records, not solely by possessing a passport. Read more |
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 Lawyers for Gautam Adani urge US judge to dismiss criminal case |
| Indian billionaire Gautam Adani's lawyers are pushing a U.S. judge to officially drop criminal charges after the Justice Department announced it would no longer pursue the case. Adani had been accused of bribery and misleading U.S. investors. The defense argues the charges were outside U.S. jurisdiction and unprovable. Separately, Adani's companies have settled civil charges with the SEC and Treasury over sanctions violations. Read more |
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 No vacancy at home: Worsening job market greets H-1B returnees |
| Indian tech professionals returning from the US, including H-1B visa holders, face a challenging job market back home. Layoffs at major US tech firms have led to a surge in returnees, overwhelming limited openings. While some opportunities exist in GCCs and startups for experienced professionals, securing roles with comparable US salaries proves difficult, especially for recent graduates. Read more |
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 No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27 |
| India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revision stems from a weaker rupee, soaring fuel costs, higher aircraft lease rentals, and subdued passenger demand, exacerbated by the West Asian conflict. Airlines are struggling to pass on rising operational expenses, leading to a significant downgrade in traffic growth forecasts for both domestic and international routes. Read more |
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 Ram temple donation row: SIT flags security lapses, SOP violations as probe widens |
| A Special Investigation Team has uncovered serious mismanagement and alleged embezzlement of donations at the Ram temple in Ayodhya. The preliminary report details violations of Standard Operating Procedures, including lax security during cash counting and improper handling of donation box keys. Eight individuals have been arrested as the investigation into the exact amount siphoned off and the methods used continues, exposing significant lapses in the temple's financial management. Read more |
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 ED arrests prime accused Harpreet Talwar in 3000 kg Mundra port Heroin seizure case |
| Enforcement Directorate has arrested Harpreet Singh Talwar, a key figure in a money laundering probe linked to a massive heroin seizure at Mundra Port in 2021. Searches at six Delhi locations led to his apprehension. Talwar is accused of facilitating drug smuggling for an international syndicate, receiving goods and cash for his services. Investigations revealed proceeds were funneled to fund terrorist activities and invested in Delhi nightclubs. Read more |
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 Patna court extends stay on Khan Sir's arrest till June 30 in coaching institute firing case |
| A Patna court has extended educator Faisal Khan, known as Khan Sir, protection from arrest until June 30 in connection with a firing incident at his coaching institute. The incident occurred after alleged vandalism, with his security guards accused of firing shots. Khan Sir, named in the FIR, is cooperating with the investigation, and the court will hear arguments on the matter on the extended date. Read more |
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 J P Nadda to launch revamped Aarogya Setu app on Jun 29 |
| Union Health Minister J.P. Nadda is set to unveil a transformed Aarogya Setu app, evolving from a COVID-19 tracker to a comprehensive personal health record platform. This revamped application aims to be a central digital gateway for citizens, facilitating access to health services, managing health records, and promoting Ayushman Bharat Digital Mission adoption. Read more |
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