Economic Times Top Stories

• Price shock: How Middle East conflict has raised inflation risks, squeezed corporate margins
• ICAI reinforces mandatory forensic audit, sustainability assurance norms in revised Code of Ethics
• SEBI clears path for promoter-group cousin to serve as independent director, clarifies LODR eligibility norms
• M3M targets Rs 28,000 crore in sales by FY27, plans to deliver one crore Sq Ft annually, Director Finance Wahaal says
• ICAI proposes sustainability assurance framework to bring audit like rigour to ESG disclosures
• MCA brings Social Stock Exchange instruments under CSR ambit, permits 10% allocation
• At Big 4 firms, AI is starting to reshape the tax profession
• Corporate India posts 25% profit surge in Q4 FY26, but rising costs squeeze margins
• I-T department to move Supreme Court against HC relief in public trust row
• AI bubble debate gets real as chip stocks rally

Economic Times

• Audio book platform Kuku files confidential papers for up to Rs 3,500-cr IPO
• ICAI reinforces mandatory forensic audit, sustainability assurance norms in revised Code of Ethics
• $5 billion-plus company GitLab cuts hundreds of jobs, exits 22 countries; CEO blames it on AI; says: Agentic era is creating…
• Indian markets extend losses amid FII selling, elevated crude oil prices; Sensex falls 443 points
• Suzlon seeks to put the wind in all sails of its renewables ship
• Collapse is near: Trump's window to resolve Iran crisis closing fast
• Indian cyber, telecom, banking & finance firms get access to Mythos; IT left out
• RBI likely to hold rates as West Asia crisis impact on growth remains unclear: Bank of Baroda Report
• SEBI bars Rajesh Exports CMD Rajesh Mehta, alleges Rs 15.15 lakh crore revenue misrepresentation
• SC GST ruling on online gaming may cast wider tax net over casinos, horse racing

CA Club India

• ICAI Code of Ethics 2026 Recommends Digital-Only Payment of Audit Fees
• RBI Denies Reports of Gold Sale, Confirms Gold Reserves Unchanged at 880.52 Tonnes
• India Engages with US Over Proposed Section 301 Tariffs
• Supreme Court Holds Casino Winnings Payouts Do Not Reduce GST Liability
• CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act, 2025
• Form No. 27 Under IT Act 2025: CBDT Issues FAQs on Asset Attribution After Firm Reconstitution
• ICAI President Unveils Major MSME, Sustainability and Digital Transformation Initiatives in June 2026 Message
• GST Collections Rise 3.2% to Rs 1.94 Lakh Crore in May 2026
• Income Tax Department Releases Updated Common Offline Utility for ITR-1, ITR-2 and ITR-4 for AY 2026-27
• Centre Revises Central Excise Duty Rates on Petroleum Products from June 1, 2026

BBC News

• New NHS drug offers ovarian cancer patients more time and better quality of life
• Israel and Lebanon agree to implement ceasefire if Hezbollah stops attacks
• US House votes to rein in Trump's war powers in rebuke over Iran
• NHS staff should be banned from wearing pro-Palestinian badges, report recommends
• MI5 warns Chinese spies are using job websites to target government staff
• What a hair loss breakthrough could mean for women like me
• Germany blames Russia for 'bitter defeat' in UN Security Council bid
• 'I left a children's home – and was embraced by love'
• Police chief apologises to Henry Nowak's family over handcuffing and arrest
• Senate Republicans axe $1bn for Trump's new White House ballroom