Topic
probe
Finance Ex-CFO of Reliance Capital, Amit Bapna, Arrested in ADAG Probe by CBI
The Central Bureau of Investigation has arrested Amit Bapna, former chief financial officer of Reliance Capital Ltd, in connection with the ongoing probe into Reliance ADA Group cases. Bapna allegedly approved loans to intermediary companies despite knowing the lending violated RBI guidelines, leading to diversion of funds to group entities and wrongful loss to public sector banks.
Trade USTR Probe Action Creates Uncertainty for India, Others as Tariff Deadline Nears
The US Trade Representative is proceeding with a forced labour probe involving 60 economies, proposing a 12.5% tariff on over 50 countries including India. The move creates uncertainty as the current 10% tariff expires July 24, with the structural overcapacity probe held as a bargaining chip for trade deals.
Logistics Evergreen Marine Raided by Taiwanese Prosecutors in Insider Trading Probe
Taiwanese prosecutors raided Evergreen Marine's premises and questioned nine suspects in an insider trading probe tied to a 2023 related-party transaction worth NT$13.35bn ($417m). Evergreen confirmed the search, is cooperating, and stated there is no significant impact on its financial condition or business operations. The investigation adds regulatory scrutiny to one of the world's largest container lines, which benefited heavily from the pandemic freight boom.
Trade India Launches Anti-Dumping Probe into Electrical Steel Imports from China, Three Other Nations
India's Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into imports of Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal from China and three other unnamed nations. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd alleging injury to the domestic industry. Separate probes were also initiated on sodium nitrite from China and Para Nonylphenol from Russia and Taiwan.
Commodities US President Donald Trump orders DOJ probe into petrol price gouging as oil prices fall
President Donald Trump announced Wednesday that he has ordered the Department of Justice to investigate major energy companies for petrol price gouging, accusing them of not cutting pump prices in line with falling crude oil costs. Brent crude has dropped to around $76 a barrel from nearly $120 in May, yet the average US gasoline price remains at $3.90 per gallon, well above pre-conflict levels.
Regulations & Compliance India Initiates Anti-Dumping Probe Against Chinese, Japanese Chemical Used in Tyres and Rubber
India's Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into imports of Resorcinol, a chemical used in tyre and rubber products, from China and Japan. The probe follows a complaint by domestic producer Atul Ltd, which alleged that cheap imports are harming the Indian industry. The investigation will determine the existence, degree, and effect of dumping.
Trade Indian Exporters Monitor USTR Probe Amid Trade Talks
Indian exporters are closely monitoring the US Trade Representative's investigations and bilateral trade talks, which could impact tariffs and trade dynamics. Concerns rise over proposed tariffs on China, while Indian sectors emphasize compliance with labor standards.