CBI arrests Munitions India executive director, SMPP CEO in Rs 500 crore defence deal bribery case

Economic Times - Oct 14, 2026

The Central Bureau of Investigation arrested three individuals in an alleged bribery case. Anil Kumar, the executive director of Munitions India Ltd, was among those arrested. The case is linked to a ₹500 crore ammunition contract with SMPP Ltd. In total, the CBI seized about ₹2.23 crore in cash during searches across multiple cities.

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India's wholesale inflation reached 11.4% in September, significantly increasing from 9.9% in August. Rising prices of fuel, food, and manufactured goods contributed to this surge. Food inflation climbed to 8.7%, marking a 23-month high. Retail inflation also saw an increase, rising to 5.54% year-on-year in September. Economists expect inflation to remain elevated in the coming months due to ongoing global commodity pressures.

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S Jaishankar met with Maka Botchorishvili in Abu Dhabi to bolster bilateral relations. The talks revolved around enhancing business partnerships, improving connectivity, and promoting cultural exchanges, while also addressing current regional challenges.

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