From a high-profile arrest in a Rs 6,200 crore bank fraud case to critical trade negotiations with the US, India saw major developments over the weekend and into Monday. The enforcement directorate arrested former UCO Bank CMD Subodh Goel in a massive loan scam, while commerce minister Piyush Goyal pushed forward trade talks in Washington ahead of looming US tariffs. Meanwhile, Bengaluru battled deadly floods after record rainfall, the Supreme Court clarified bail norms under the PMLA, and in IPL 2025, Abhishek Sharma’s explosive knock helped Sunrisers Hyderabad knock LSG out of playoff contention.
ED arrests retired UCO bank CMD in Rs 6,200 crore fraud case
The Enforcement Directorate (ED) on Saturday arrested Subodh Goel, former chairman and managing director of UCO Bank, from his residence for allegedly accepting bribes in connection with the sanctioning of loans exceeding Rs 6,200 crore. Appointed during the UPA government’s tenure, Goel was presented before a special court in Kolkata, which remanded him to ED custody till Wednesday. Read full story
India looks to finalise trade pact with US in phases as Trump’s tariffs approach
Talks between India and the US on a trade agreement are ongoing, with India proposing a three-phase approach to the deal. The goal is to finalize an initial agreement before July, when retaliatory tariffs imposed by US President Trump are set to take effect. However, the US administration's position on the phased structure remains unclear. Commerce minister Piyush Goyal is currently on a four-day visit to Washington, which concludes on Tuesday, and is expected to hold key meetings with US trade representative Jamieson Greer and commerce secretary Howard Lutnick to advance the negotiations. Read full story
3 dead, 500 homes flooded, streets submerged: Marooned Bengaluru braces for 5 more days of heavy rain
Bengaluru was left reeling after a downpour of 130mm in just 12 hours from Sunday evening to Monday morning, resulting in widespread flooding and chaos across the city. Three people lost their lives, over 500 homes were submerged, and more than 20 lakes were on the verge of overflowing. Streets in upscale areas turned into waterways, underpasses and flyovers were shut due to flooding, and traffic was thrown into disarray with hours-long snarls. Public bus services were halted in several areas, as the city scrambled to cope with the aftermath. Read full story
IPL 2025: Abhishek Sharma leads SRH to victory as LSG exit playoff race
Abhishek Sharma starred with a stunning 59 off just 20 balls to help Sunrisers Hyderabad beat Lucknow Super Giants by six wickets in Match 61 of IPL 2025 at the Ekana Stadium. His quick-fire knock made the tough chase of 206 look easy, as SRH won with 10 balls to spare and ended LSG’s hopes of reaching the playoffs. Opening with Atharva Taide, Abhishek played aggressively from the start, putting pressure on the bowlers right away. Read full story
One-year custody not a condition for bail under PMLA, says Supreme Court to ED
The Supreme Court on Monday clarified that there is no "rule" requiring an accused in a money laundering case to spend at least a year in jail before being granted bail. The observation came while hearing a plea in the Chhattisgarh liquor scam case, where one of the accused spent over nine months in custody. When the enforcement directorate's counsel argued that bail should not be granted as the accused had not completed a year in jail since his arrest in August last year, a bench comprising Justices Abhay S Oka and Ujjal Bhuyan stated that such a time-based condition for bail does not exist. Read full story
ED arrests retired UCO bank CMD in Rs 6,200 crore fraud case
The Enforcement Directorate (ED) on Saturday arrested Subodh Goel, former chairman and managing director of UCO Bank, from his residence for allegedly accepting bribes in connection with the sanctioning of loans exceeding Rs 6,200 crore. Appointed during the UPA government’s tenure, Goel was presented before a special court in Kolkata, which remanded him to ED custody till Wednesday. Read full story
India looks to finalise trade pact with US in phases as Trump’s tariffs approach
Talks between India and the US on a trade agreement are ongoing, with India proposing a three-phase approach to the deal. The goal is to finalize an initial agreement before July, when retaliatory tariffs imposed by US President Trump are set to take effect. However, the US administration's position on the phased structure remains unclear. Commerce minister Piyush Goyal is currently on a four-day visit to Washington, which concludes on Tuesday, and is expected to hold key meetings with US trade representative Jamieson Greer and commerce secretary Howard Lutnick to advance the negotiations. Read full story
3 dead, 500 homes flooded, streets submerged: Marooned Bengaluru braces for 5 more days of heavy rain
Bengaluru was left reeling after a downpour of 130mm in just 12 hours from Sunday evening to Monday morning, resulting in widespread flooding and chaos across the city. Three people lost their lives, over 500 homes were submerged, and more than 20 lakes were on the verge of overflowing. Streets in upscale areas turned into waterways, underpasses and flyovers were shut due to flooding, and traffic was thrown into disarray with hours-long snarls. Public bus services were halted in several areas, as the city scrambled to cope with the aftermath. Read full story
IPL 2025: Abhishek Sharma leads SRH to victory as LSG exit playoff race
Abhishek Sharma starred with a stunning 59 off just 20 balls to help Sunrisers Hyderabad beat Lucknow Super Giants by six wickets in Match 61 of IPL 2025 at the Ekana Stadium. His quick-fire knock made the tough chase of 206 look easy, as SRH won with 10 balls to spare and ended LSG’s hopes of reaching the playoffs. Opening with Atharva Taide, Abhishek played aggressively from the start, putting pressure on the bowlers right away. Read full story
One-year custody not a condition for bail under PMLA, says Supreme Court to ED
The Supreme Court on Monday clarified that there is no "rule" requiring an accused in a money laundering case to spend at least a year in jail before being granted bail. The observation came while hearing a plea in the Chhattisgarh liquor scam case, where one of the accused spent over nine months in custody. When the enforcement directorate's counsel argued that bail should not be granted as the accused had not completed a year in jail since his arrest in August last year, a bench comprising Justices Abhay S Oka and Ujjal Bhuyan stated that such a time-based condition for bail does not exist. Read full story
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