The Central Bureau of Investigation conducted simultaneous raids across 77 locations as part of an ongoing probe into alleged nexus cases between builders and financial institutions. The agency confirmed seizures of incriminating documents, digital devices, and other materials, though it did not specify the number of suspects or the geographic spread of the targeted sites. The CBI has not yet disclosed the identities of the builders or financial institutions under scrutiny. The operation signals an active enforcement push into real estate-linked financial fraud, a category that typically involves loan disbursement irregularities, collateral manipulation, or kickback arrangements between developers and lending officials. Such probes carry direct exposure for housing finance companies and public sector banks, whose loan books and provisioning requirements can shift materially once formal charges are framed. Investigators will likely pursue digital forensics on seized devices to reconstruct transaction trails, with chargesheet filings and potential asset attachment orders serving as the next concrete developments to track.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
