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    Union Minister of Commerce and Industry Shri Piyush Goyal concludes successful visit to Spain, Belgium, Finland and Estonia; strengthens India's econo...
    Trump wants Iran added to Russia sanctions bill
    HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1
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    July 20, 2026
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    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
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    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
    Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
    July 18, 2026
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    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
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    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
    July 18, 2026
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    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
    July 18, 2026
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    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
    July 18, 2026
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    India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
    India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
    July 18, 2026
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    Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
    Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
    July 17, 2026
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    Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
    A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
    July 17, 2026
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    Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
    Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
    July 17, 2026
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    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
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    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
    Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
    July 17, 2026
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    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
    July 17, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
    Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
    July 17, 2026
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    Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
    The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
    July 17, 2026
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    Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
    The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
    July 17, 2026
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    Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
    ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.
    July 17, 2026
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    Promoter shareholding increase through market purchases remains within creeping acquisition limits and signals confidence in long-term growth prospects.
    Promoter and promoter-group shareholding in Reliance Industries Ltd increased by nearly 0.5 percentage points through market purchases during the June quarter. The purchases were reported to be within SEBI creeping acquisition limits, allowing gradual promoter acquisitions without triggering a mandatory open offer where prescribed thresholds are met. The increase may strengthen promoter control and marginally reduce public float, and was characterised as reflecting confidence in long-term growth, earnings trajectory and capital-allocation plans.
    July 17, 2026
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    Tariffs on Russian oil purchasers would target sanctions evasion, with reassessment mechanisms and limited energy-sector exemptions proposed.
    Proposed United States Senate legislation would impose mandatory tariffs on imports from leading purchasers of Russian oil or gas and leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustments, while exempting qualifying countries reducing Russian gas imports. Russian uranium purchases for specified nuclear and medical needs, and certain nuclear and space cooperation activities, would be excluded.
    July 17, 2026
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    Foreign currency non-resident deposits enable overseas Indians to invest foreign earnings while supporting India's foreign-exchange reserves.
    Foreign Currency Non-Resident deposits allow Non-Resident Indians and Persons of Indian Origin to maintain overseas earnings as foreign-currency fixed deposits with Indian banks without conversion into Indian rupees. Banks may offer enhanced interest rates for a limited period under an initiative intended to strengthen foreign-exchange reserves and support the rupee. The framework covers the investment process, regulatory requirements, taxation aspects and advantages for eligible overseas investors.

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      Timbertales, A Luxurious New Escape, Opens in Coorg

      January 22, 2025

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      Spread across 100 acres, the resort marks a new milestone in luxury destination BENGALURU, India, Jan. 22, 2025 /PRNewswire/ -- Timbertales Luxury Resort, nestled amidst the lush forests of Coorg, is delighted to announce its grand opening this January. This much-anticipated retreat with 71 villas, spread across 100 acres, is designed to pamper, soothe, and offer an oasis of serenity for those who seek an escape.

      Timbertales is more than a resort. It is an experience where every leaf tells a tale. Designed by a noted architect Mr. Abdul Manan, the resort's global architecture seamlessly blends eco-luxury with traditional local craftsmanship. All villas on the property are made with Laterite stone, with the structures blending harmoniously with the lush greenery, exuding an air of understated luxury.

      The true essence of Timbertales comes alive with the extensive use of Balinese bamboo that reflects limitlessness. The design features open spaces and abundant natural light, making you feel part of the forest and seamlessly blending architecture with nature, creating a tranquil and immersive retreat.

      Mr Prasad G P, Joint Managing Director and the visionary behind Timbertales, says, "Timbertales is not just a place to stay, it's an experience that embodies the charm of Coorg while redefining luxury tourism in India. Our goal is to create a retreat where guests can reconnect with nature, immerse themselves in local culture, and indulge in personalized luxury".

      Wellness in Nature Embrace wellness and tranquillity at Viyoma, where nature and tradition unite to rejuvenate your mind and body. The 27,000 sq. ft. centre, spread across three levels, has 25 therapy rooms offering Swedish, Balinese, Aromatherapy, and Ayurvedic treatments. Viyoma also offers the only Turkish Hammam in the region.

      Guests can also relax in the panoramic sauna, which creates a calm environment with beautiful views of the surrounding landscape. Additionally, Viyoma includes specialized skin and hair care treatments designed to enhance natural beauty and rejuvenation. Understanding that wellness is a necessity in today's fast-paced world, Viyoma expands its services to include wellness for kids, thoughtfully crafted to nurture their well-being and promote holistic growth.

      Offering guided yoga and meditation sessions, the Vinyasa Yoga Deck is an atmosphere that offers calmness and vitality. Set against the backdrop of a vast 7-acre lake, it transports you into the embrace of nature and fosters an unmatched sense of tranquillity.

      The Villas Each of the 71 villas at Timbertales is designed with luxury and comfort in mind.

      Windchimes Duplex Villa - This cozy yet luxurious duplex villa offers a unique experience where you descend to a beautifully designed room and wake up to an amazing nature view. Ideal for couples with distinct personas.

      Riverstone Family Villa - Designed for families seeking togetherness and personal space, the villa has interconnected staircases that balance privacy and connection. The large balconies, invite you to spend time outdoors, offering a seamless connection with nature.

      Mistwood Pool Villa - This villa is designed as a serene retreat, where the mist whispers ancient woodland stories to those who listen, offering a breathtaking view from its infinity pool, perfect for a young family.

      Forestlight Luxury Villa - This villa is a world in itself, covering 3200 sq. ft. of luxurious space. It offers a truly unique experience, featuring an open living area, an in-house therapy space, an open-air shower, a jacuzzi, and an infinity pool overlooking the lake.

      Timbertales offers luxury experiences priced between INR 40,000 and INR 1,00,000, where everything from meals to curated experiences is thoughtfully managed, embodying the essence of stress-free getaways.

      The Dining Experience Food is at the heart of any holiday memory. In line with this philosophy, the resort's restaurant "Bamboo Buzz" offers over 250 curated dishes, lakefront views, and a unique 'pan-to-plate' experience. The 'pan-to-plate' concept emphasizes a fresh, immersive dining experience where guests can witness and ensure that each dish is as authentic and flavorful as it can be. "The Cellar Lounge Bar" awaits, where Winchester-style seating and an exquisitely appointed bar offer a perfect backdrop making it a must-visit destination.

      "Twisted Basil" a plant-based culinary haven, features a dedicated vegetarian kitchen, private dining pods on a water body, and tropical surroundings with stunning panoramic views. Each of the curated set menus offer a luxurious 7-course meal, crafted to soothe any palate.

      The Experience At Timbertales, there is never a moment to get bored. Nature walks, aided by expert naturalists, wellness therapies, curated yoga sessions around the lake, kayaking, the infinity pool 'Ripples' overlooking the lake and equipped with a bar, and a lot more.

      For children, the exclusive play area 'Funky Turtle' provides engaging activities that encourage them to step away from screens and enjoy interactive play. 'The Modur Kaapi': A Coffee Experience Centre offers guests a glimpse of the coffee-making process, as well as delightful choices in local brews. Guests can explore the entire process, from bean selection to brewing techniques, as part of the resort's unique Bean to Brew concept.

      Timbertales is situated 7 km away from the main city of Madikeri and can be accessed by road or nearby aerodromes. The resort offers one of the few helipads in Coorg for direct and convenient access.

      About Timbertales Luxury Resort Timbertales Luxury Resort, located in the lush landscapes of Coorg, is founded on the belief that nature is a storyteller. Here, luxury and the wild coexist in perfect harmony, offering guests an unparalleled opportunity to immerse themselves in the tales of the natural world. Designed with eco-consciousness at its core, Timbertales seamlessly integrates sustainability with opulence, allowing visitors to experience the soul of the forest while enjoying unmatched comfort.

      Instagram Profile Facebook Profile Contact: Harsha Nair Senior Manager Pepper Communication Group Email: [email protected] Video: https://www.youtube.com/watch?v=mn8bdZj3Xcg (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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