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    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
    Union Minister of Commerce & Industry Shri Piyush Goyal Announces Task Force to Support Toy Sector, Targets 5% Global Market Share by 2032.
    Bihar: Doctor held in connection with paper leak in PSC teachers' recruitment exam 2 years ago
    NYVO Launches India’s First Family Advisory Platform to Close the Investment Advisory Gap
    Tata Power to set up solar equipment manufacturing plant in Odisha
    SC asks Parsvnath Developers to file report on pending cases against it
    HDFC Bank board imposes Rs 1 lakh penalty on its MD, CFO and Group head in MSRDC case
    Gold rebounds Rs 2,440 to Rs 1.49 lakh/10g; silver climbs Rs 5,300 amid strong global cues
    Panasonic Washing Machines in 2026: Five Models with AI Connectivity, Built-In Heaters, and Smart Fabric Care
    Chandigarh University MBA Students Secure 2,605 Job Offers from 300+ Leading MNCs in 2025 & 2026; 196 Students Receive Multiple Offers
    New Handbook In-House Matters Maps the General Counsel's Rise to Business Leadership as India Builds Legal Capability Centres
    InCred Asset Management has Crossed ₹1,000 Crore in investments in listed healthcare companies, becoming one of India''s largest dedicated Healthcar...
    OmniCard Launches India's First Flexi Benefits Basket on UPI — Employee Benefits Beyond Just Meals
    Final US Section 301 Measures on Forced Labour: India Placed in Lower Tariff Tier at 10%
    Department of Commerce Reviews Flue-Cured Virginia (FCV) Tobacco Market Situation in Andhra Pradesh
    Ministry of Corporate Affairs’ ‘Corporate Mitra Scheme’ Awareness Webinar Successfully Organized by IICA Shillong for the youth and enterprises ...
    FM Sitharaman directs Income Tax dept to work for benefit of common people
    Crime Branch chargesheets 10 accused in separate fraud & forgery cases in Jammu
    ED chargesheets 3 founders of Gameskraft under PMLA
    IDFC FIRST Bank Q1FY27 Results: Highest Ever PAT of ₹1,075 Crore, Up 132.4% YoY
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    July 28, 2026
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    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
    Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
    July 28, 2026
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    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
    Toy-sector competitiveness is proposed to be advanced through a dedicated task force and a playbook addressing manufacturing ecosystems, value chains, standards and compliance, skills, innovation, intellectual property and exports. The task force is intended to strengthen manufacturing capability, resolve value-chain bottlenecks, enable design and innovation, develop employment and skills, improve ease of doing business and support global value-chain integration. The roadmap emphasises domestic production, quality standards, localisation, branding, cluster development and support for MSMEs and startups.
    July 28, 2026
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    Examination-paper leakage allegations prompt arrest over arranging teacher recruitment candidates' access to leaked questions before the competitive examination.
    Alleged examination-paper leakage in the Public Service Commission teacher recruitment examination is under investigation by the state Economic Offences Unit. A doctor was arrested in connection with allegations that he participated in a conspiracy to leak the examination paper and arrange candidates' selection for payment. Investigators alleged that he arranged candidates who were taken to a hotel shortly before the examination and given access to the leaked question paper.
    July 28, 2026
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    Fee-only investment advisory integrates household goals, insurance and mutual fund execution through personalised, incentive-independent financial planning.
    NYVO's fee-only platform integrates investments, goals, insurance and cash flows into a personalised household financial plan. Users may connect existing mutual fund holdings, assess their alignment with financial goals and execute mutual fund transactions on the platform. Recommendations are based on an in-house asset-allocation model and mutual fund rating engine, while the flat-fee structure and absence of product-linked remuneration are intended to preserve independence from sales incentives. The platform uses read-only access under the RBI Account Aggregator framework.
    July 27, 2026
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    Solar wafer and ingot manufacturing expansion in Odisha advances subject to environmental, water and other regulatory approvals.
    A solar wafer and ingot plant is proposed on acquired special economic zone land in Odisha, subject to arrangements for environmental clearances, water and other approvals. Work is expected to commence in October, with operations targeted for January 2028. The facility is intended to support solar manufacturing capacity and may address export opportunities arising from European renewable-energy market access for non-Chinese supply chains.
    July 27, 2026
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    Homebuyer enforcement measures require developer compliance with deposit, project completion, and disclosure of pending cases.
    Homebuyer enforcement proceedings required the developer and its directors to disclose the status of pending purchaser cases and complete outstanding work in the booked dwelling unit by the specified deadline. Earlier directions required deposit of the recoverable amount with annual interest and warned of coercive consequences for non-compliance. Protective measures included freezing bank accounts, issuing bailable warrants, and preventing creation of third-party rights or transfer of possession. Insolvency proceedings were stated not to impede enforcement of directions concerning the homebuyers' claims.
    July 27, 2026
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    RBI direction compliance prompted internal disciplinary action over deposit mobilisation and marketing-expenditure payments, with the matter referred to RBI.
    HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India.
    July 27, 2026
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    Precious-metal market pricing rebounds as easing inflation concerns, global bullion strength and lower yields support gold and silver.
    Precious-metal prices rebounded in the domestic market, supported by stronger global bullion trends, lower crude-oil prices, easing inflation concerns, a weaker US dollar and lower Treasury bond yields. Domestic gold gains were limited by rupee appreciation. Further bullion-price movement was linked to geopolitical developments, inflation and GDP data, US economic indicators, and monetary-policy decisions by major central banks.
    July 27, 2026
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    Consumer financing eligibility supports instalment purchases of washing machines through partner stores, requiring in-person application and approval.
    Consumer financing for Panasonic washing-machine purchases is available through Bajaj Finance partner stores under an Easy EMI Loan or Insta EMI Card, subject to eligibility and available credit limits. Repayment is offered through instalments over specified tenures, with zero down payment available on select models. Buyers must be physically present at a partner store to apply. The process includes comparing models, verifying pre-approved eligibility through mobile-number and OTP verification, evaluating the product in store, selecting an EMI plan, and completing the transaction after approval.
    July 27, 2026
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    MBA campus placements across industry-linked management programmes report recruitment activity spanning finance, analytics, technology, supply chain, healthcare and marketing roles.
    Chandigarh University reports MBA placement activity during 2025 and 2026 across banking, information technology, financial technology, healthcare, retail, analytics, consumer goods and automobile sectors. It describes placements in flagship, applied finance and analytics, and industry-collaborated MBA programmes, including marketing, human resources, operations, supply chain, business analytics, digital marketing, financial technology, data science and healthcare management. The release identifies industry collaborations and participating recruiters, and is issued under a PRNewswire arrangement with PTI disclaiming editorial responsibility.
    July 27, 2026
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    General Counsel leadership now integrates commercial decisions, regulatory risk, legal-team design, and technology adoption within corporate management.
    Corporate legal departments are evolving from compliance-focused functions into strategic business partners. The General Counsel's role encompasses commercial decision-making, regulatory and reputational risk, acquisitions, market entry, contracts, disputes, crisis management and technology adoption. Increased regulatory complexity and the growth of legal capability centres require proactive legal functions with appropriately structured teams, processes, workflow allocation, and use of technology and artificial intelligence.
    July 27, 2026
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    Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification.
    InCred Healthcare Portfolio is identified as an investment approach/product under an Equity Strategy pursuant to a SEBI circular. Its disclosed performance is benchmarked against the BSE 500 TRI, calculated using the Time Weighted Rate of Return method prescribed by SEBI, and stated to be net of fees and expenses. Returns for shorter horizons are described as absolute returns. The performance information is expressly stated not to have been verified by SEBI, and SEBI has not certified its accuracy or adequacy.
    July 27, 2026
    Show AI Summary
    UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting.
    A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
    July 27, 2026
    Show AI Summary
    Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions.
    Section 301 forced-labour import measures impose an additional ad valorem duty on imports from India, with India placed in a lower additional-tariff tier than initially proposed. Specified exports that attract no additional duties, and goods already subject to Section 232 measures, remain outside the Section 301 additional duty. A substantial portion of Indian exports is therefore excluded, while the remaining exports are subject to the additional duty. The textile-specific mechanism has not yet been operationalised, and engagement continues in relation to that mechanism and bilateral trade agreement negotiations.
    July 27, 2026
    Show AI Summary
    FCV tobacco market stability remains under review through coordinated measures to protect growers and maintain transparent auction operations.
    FCV tobacco market stability was reviewed with emphasis on protecting growers' interests and considering long-term measures for the sector. The delegation inspected Tobacco Board auction operations, interacted with growers on prevailing market conditions, and noted the transparent and orderly conduct of auctions. The Government is monitoring developments and examining appropriate measures with the State Government, Tobacco Board and stakeholders to safeguard FCV tobacco farmers' interests.
    July 27, 2026
    Show AI Summary
    Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance.
    The Corporate Mitra Scheme seeks to strengthen MSMEs by connecting them with accredited para-professionals providing affordable compliance and business-support services. Corporate Mitras are envisaged to assist with regulatory compliance, finance, taxation, accounting and governance, allowing enterprises to focus on growth. The scheme also trains young graduates in industry-relevant skills and creates employment opportunities. IICA Shillong serves as the nodal agency for coordination, stakeholder liaison, promotion and awareness in the North Eastern Region.
    July 26, 2026
    Show AI Summary
    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
    Tax administration should assist common citizens by handling matters within departmental authority without unnecessary delay, while remaining within applicable rules. Government departments should protect public land from illegal occupation and expedite lawful land transfers, permissions, construction arrangements and procurement for departmental premises and accommodation. Integrity is the essential principle for officials performing tax-collection functions.
    July 26, 2026
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    Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access.
    Criminal chargesheets concerned alleged investment fraud through false promises of high returns and alleged misappropriation of investor funds, involving a company stated to be unregistered with SEBI, RBI and the relevant Registrar of Companies. A separate chargesheet concerned alleged conspiracy to procure permanent resident certificates using forged revenue records, with the certificates allegedly used for land purchases and government employment. Forensic examination reportedly found that the relevant revenue documents were not genuine according to official records.
    July 25, 2026
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    Money-laundering allegations in online rummy gaming prompt prosecution proceedings and asset attachment over suspected cheating of users.
    Money-laundering proceedings concerning online real-money rummy operations include a prosecution complaint against Gameskraft Technologies, RummyTime Technologies, founder-directors and associated persons. The allegations concern proceeds of crime said to arise from cheating users through rummy applications and from an addictive environment encouraging repeated wagering. The proceedings also involve provisional attachment, seizure and freezing of financial holdings, equity interests and immovable properties alleged to be connected with suspected proceeds of crime. The founder-directors' arrests were declared invalid by the Karnataka High Court, while the investigating agency proposes to challenge that order.
    July 25, 2026
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    Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.

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      News and Press Release

      India’s Growing Influence in Global Innovation: A Look at WIPO 2024’s Intellectual Property Report.

      November 18, 2024

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      The World Intellectual Property Organization (WIPO) annually publishes the World Intellectual Property Indicators (WIPI) report, which provides a comprehensive analysis of global trends in intellectual property filings. The 2024 report highlights the growth and evolution of patents, trademarks, and industrial designs across key global economies, with particular attention to emerging markets and innovation hubs. Among these economies, India stands out as a rapidly growing player in the global IP landscape, making significant strides in all three major IP categories—patents, trademarks and industrial design. India has solidified its position as a global leader in intellectual property filings, securing a spot in the top 10 countries for patents, trademarks, and industrial designs. This achievement underscores India's growing innovation capacity, with the country making remarkable strides in patent applications, brand protection, and design innovations. One of the most remarkable findings in the 2024 report is India’s exceptional performance in the global IP landscape. India recorded a phenomenal +15.7% growth in patent applications in 2023, continuing its streak of double-digit growth for the fifth consecutive year. This surge places India among the top countries contributing to global patent filings, signaling the country's increasing role as a global innovation hub. The resilience of IP filings during the COVID-19 crisis further underscores the enduring importance of intellectual property in driving economic recovery and growth.

      India’s Stellar Growth in Patent Applications Global Ranking:

      India now ranks 6th globally in terms of patent applications, with 64,480 patent filings in 2023. This puts India among the leading nations, including China, the United States, Japan, and South Korea, in terms of intellectual property activity. India’s rise in global patent rankings is particularly notable given its vast and diverse economy, ranging from traditional sectors like agriculture to cutting-edge industries like pharmaceuticals, information technology, and renewable energy.

      Resident Filings Lead:

      For the first time in history, more than half (55.2%) of India’s patent applications in 2023 were filed by residents, a significant milestone. This demonstrates India’s increasing domestic innovation capabilities, with Indian companies, universities, and research institutions now playing a major role in generating new technologies and intellectual property. This trend reflects the effectiveness of the government’s efforts to foster an innovation-friendly environment and to support local inventors through initiatives such as the National Intellectual Property Rights (IPR) Policy and the Atmanirbhar Bharat campaign.

      Growth in Patent Grants:

      India also saw a 149.4% increase in the number of patents granted in 2023 compared to the previous year. This rapid growth in granted patents underscores the efficiency of India’s patent office in processing applications and granting IP rights. It also reflects the rising quality of applications being filed, with many innovations meeting global standards. This progress signifies India’s growing maturity as a hub for technological and scientific development.

      Patent-to-GDP Ratio:

      India's patent-to-GDP ratio—a measure of the economic impact of patent activity—grew significantly, from 144 in 2013 to 381 in 2023. This means that as India’s economy expands, its patent activity is scaling up in tandem, signalling the increasing importance of innovation in driving economic growth. A higher patent-to-GDP ratio is often seen as a sign of a knowledge-driven economy, where innovation and intellectual property play a central role in economic development.

      Surge in Industrial Design Applications

      Record Growth:

      India’s industrial design applications surged by 36.4% in 2023, further emphasizing the country’s expanding focus on creativity, design, and manufacturing innovation. This growth reflects a greater emphasis on aesthetic and functional design across various sectors, such as consumer electronics, automobiles, fashion, and healthcare. The surge in design applications is indicative of India’s evolving capabilities not only in manufacturing but also in product development and value-added industries.

      Sectoral Focus:

      India’s industrial design filings were led by key sectors such as Textiles and Accessories, Tools and Machines, and Health and Cosmetics. These sectors accounted for nearly half of all design filings, underscoring India’s strength in both traditional industries like textiles and emerging sectors like health and cosmetics. The textile and fashion sectors, in particular, benefit from India’s rich cultural heritage and the increasing demand for innovative product designs, both domestically and internationally.

      Impact on India’s Manufacturing:

      The surge in industrial design applications highlights the ongoing transformation of India’s manufacturing sector. As industries focus more on product aesthetics, functionality, and user experience, India’s manufacturing ecosystem is diversifying beyond basic production into more value-added, design-driven industries. The growth in design applications is a clear indication of how the country is positioning itself as a global manufacturing hub that prioritizes innovation, quality, and design excellence.

      Comparison to Global Trends:

      India’s growth in industrial design applications is notable when compared to global IP filing trends. While countries like China and the United States continue to dominate in the patent and trademark space, India’s rising figures in industrial design reflect its increasing competitiveness in product design and creativity. This aligns with broader global trends where countries are investing more in industrial design as a strategic asset to drive economic growth and enhance product differentiation in the market.

      Trademark Filings: A Global Leader

      Global Trademark Ranking:

      India ranked 4th globally in trademark filings in 2023, with a 6.1% increase over the previous year. This growth underscores India’s growing emphasis on brand protection and intellectual property as essential drivers of business success. India’s ranking reflects the country’s increasing number of domestic and international businesses, all of which rely on trademarks to protect their brands and ensure consumer trust.

      Resident Filings Dominate:

      Nearly 90% of India’s trademark filings in 2023 were made by Indian residents, reflecting a strong domestic focus on brand protection. This shift suggests that Indian businesses, entrepreneurs, and startups are becoming more IP-savvy and are increasingly leveraging the trademark system to protect their innovations and brands.

      Active Trademark Registrations:

      India now holds the second-largest number of active trademark registrations in the world, with over 3.2 million trademarks in force. This indicates a highly active and competitive domestic marketplace, where businesses are not only creating new products but also working diligently to protect their brand identities. The large volume of active trademarks positions India as a major player in the global brand protection landscape, benefiting from both domestic innovation and the growing demand for Indian brands in international markets.

      Sectoral Trends:

      The largest proportion of trademark filings in India came from sectors such as Health (21.9%), Agriculture (15.3%), and Clothing (12.8%). These figures highlight India’s leadership in areas such as pharmaceuticals, food production, and fashion. As global demand for Indian products continues to rise, the importance of trademark filings as a tool for safeguarding brand equity becomes ever more critical, ensuring that Indian products and services maintain their competitive edge in international markets.

      India’s Position in Global IP Trends

      Contribution to Growth:

      India’s rising IP filings have been a significant part of the global trend of increased intellectual property activity. In 2023, a record 3.55 million patent applications were filed worldwide, with India contributing a meaningful share to this figure. As one of the fastest-growing markets in terms of IP filings, India is helping drive the global increase in innovation and IP protection, particularly in emerging markets.

      Shift Towards Local Innovation:

      The growth of resident filings in India—especially in patents and trademarks—demonstrates a shift towards local innovation. While global IP filings have traditionally been dominated by multinational corporations, India’s rising resident filings reflect a maturing domestic innovation ecosystem backed with the idea of Atmanirbhar Bharat campaign. More Indian companies and individuals are filing patents and trademarks, not just for protection, but as part of a strategy to strengthen their competitive advantage in both local and global markets.

      Government Initiatives Fuelling IP Growth

      National IP Policy:

      A key factor driving India’s growth in IP filings is the National Intellectual Property Rights (IPR) Policy, launched in 2016. This comprehensive framework is designed to guide the development and protection of intellectual property in India. The policy focuses on improving IP awareness, strengthening the IP ecosystem, and encouraging innovation by providing better access to IP services and protection mechanisms. By integrating all forms of intellectual property—such as patents, trademarks, industrial designs, copyrights, geographical indications, and more—the policy aims to foster a more robust and efficient IP environment. Objectives and activities undertaken under the National IPR Policy

      Amendments to IPR Laws: Improvements in procedural requirements to speed up the processing of applications.

      Modernization and Digitization of IP Offices: To enhance the performance and functioning of IP offices, streamlining workflows and reducing processing times.

      Awareness and Education: Programs such as the National Intellectual Property Awareness Mission (NIPAM) to spread IP awareness across educational institutions and businesses.

      IP Commercialization: Establishment of Technology Innovation Support Centres (TISC) in universities to support IP filings and the commercialization of patents and other IP.

      Scheme for Pedagogy & Research in IPRs for Holistic Education and Academia (SPRIHA), which aims to integrate IPR education into higher learning institutions across the country. Under the SPRIHA scheme, IPR Chairs have been established in various universities and academic institutions to facilitate specialized research, teaching, and training in intellectual property. These IPR Chairs provide a platform for faculty members and students to engage in cutting-edge research on intellectual property, its role in innovation, and its impact on industries and society.

      India’s vibrant start-up ecosystem is another key driver of the country’s growing IP activity. Government initiatives like Start-Up India, Digital India, Make in India and the Atal Innovation Mission, the Indian government has continuously fostered entrepreneurship, research, and technological advancement. Startup India was launched on January 16, 2016, with the goal of nurturing entrepreneurship, building a strong startup ecosystem, and transforming India into a nation of job creators rather than job seekers. This initiative includes a variety of programs designed to support emerging entrepreneurs. These efforts are coordinated by the Startup India Team, which reports to the Department for Promotion of Industry and Internal Trade (DPIIT). As of September 30, 2024, DPIIT has officially recognized 1,49,414 entities as startups.

      Atal Innovation Mission (AIM), established in 2016, is a flagship initiative of the Government of India to promote a culture of innovation and entrepreneurship across the country. AIM adopts a comprehensive approach to foster problem-solving and innovative thinking in schools, while also creating an entrepreneurial ecosystem in universities, research institutions, and the private and MSME sectors. Till date, AIM has established 10,000 Atal Tinkering Labs in Schools across the country, more than 3500 startups are incubated at Atal Incubation Centres and have created more than 32000 jobs in the ecosystem

      India as a Global Innovation Powerhouse

      India’s remarkable progress in the 2024 WIPO Report highlights its role as a rising global leader in intellectual property. With significant growth in patents, trademarks, and industrial designs, India is becoming a hub of global innovation. Its increasing number of resident filings demonstrates a shift toward homegrown creativity and invention, supported by an innovation-friendly ecosystem and government policies.
      Looking ahead, India is poised to continue its upward trajectory in global IP rankings. The country’s diverse and rapidly growing economy, coupled with its focus on research and development, makes it well-positioned to maintain its strong position in the global IP landscape. As more Indian companies and creators protect their innovations, India's global role in intellectual property will continue to expand.

      Reference:

      https://pib.gov.in/PressReleasePage.aspx?PRID=2072706

      https://www.meity.gov.in/writereaddata/files/National_IPR_Policy.pdf

      https://copyright.gov.in/Documents/SPRIHA.pdf

      https://www.wipo.int/edocs/pubdocs/en/wipo-pub-941-2024-en-world-intellectual-property-indicators-2024.pdf

      https://pib.gov.in/PressReleasePage.aspx?PRID=1941489

      https://pib.gov.in/PressNoteDetails.aspx?NoteId=153223&ModuleId=3&reg=3&lang=1

      Click here to see PDF. 

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