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    UK-India trade agreement significant milestone: Vice president
    Commerce Minister Piyush Goyal must clarify: Cong slams govt on US bill for 100-pc tariffs on India
    Tehran threatens to halt all Mideast energy exports after US reimposes its blockade on Iran
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    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JUNE 2026, AND FINA...
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    July 15, 2026
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    India-UK trade agreement expands market access, tariff reductions, services trade and professional mobility across identified commercial sectors.
    The India-UK Comprehensive Economic and Trade Agreement entered into force as a free trade arrangement intended to expand bilateral market access and promote movement of goods and services. It provides for tariff reductions and supports trade, services and professional mobility. The agreement is expected to create opportunities for businesses, entrepreneurs, farmers, manufacturers, MSMEs and skilled workers, including in textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods.
    July 15, 2026
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    Punitive tariffs for Russian oil purchases could make trade duties a geopolitical mechanism targeting India and other countries.
    Proposed United States tariff legislation would impose punitive tariffs on India and other specified countries for purchasing oil from Russia. Certain European countries purchasing Russian gas would be exempted on the stated basis that their purchases are limited and that they are reducing dependence on Russia. If enacted, the measure would expressly authorise tariffs as a geopolitical mechanism directed at countries considered to be financing another nation's war effort.
    July 15, 2026
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    Strait of Hormuz transit rights remain contested as blockade measures, toll disputes, and hostilities threaten regional energy exports.
    Maritime access through the Strait of Hormuz is disputed following the reimposition of a naval blockade, retaliatory threats affecting regional energy exports, and attacks on shipping routes. An interim arrangement had provided for toll-free transit during a limited negotiating period but left the later regulatory position unresolved. One side asserts a right to regulate traffic and potentially levy transit charges, while the opposing position maintains that passage should remain open without tolls. Continuing hostilities and stalled negotiations threaten navigational access and energy trade flows.
    July 15, 2026
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    Major banking shareholding acquisitions: draft directions propose simplified approval for subsequent investments by institutional fund categories.
    Draft directions propose a simplified approval process for subsequent acquisitions of major shareholding or voting rights in banking companies by mutual funds, insurance companies and pension funds. The proposals cover commercial banks, small finance banks, payments banks and local area banks. Regulated entities, the public and other stakeholders may provide feedback through the Reserve Bank's online consultation facility or by email within the stated consultation period.
    July 15, 2026
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    Wholesale and producer price indices report rising June inflation, revisions to April estimates, and manufacturing input-price movements.
    Provisional June 2026 and final April 2026 estimates are reported for the Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index under the base year 2022-23. Wholesale inflation increased year-on-year, driven principally by mineral oils, food articles, basic metals, and chemicals and chemical products. April WPI and Output PPI estimates were revised upward, while the April trial Input PPI was revised downward. The release also provides group-wise monthly and cumulative index data, weighted response rates for WPI estimates, and provisional and final data classifications.
    July 15, 2026
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    India-UK trade agreement operationalisation expands market access, tariff reductions, skilled mobility and social security support for enterprises and professionals.
    The India-United Kingdom Comprehensive Economic and Trade Agreement is intended to facilitate greater two-way movement of goods and services through tariff reductions and stronger access to the UK market for farmers, entrepreneurs, MSMEs and other sectors. Together with the Agreement on Social Security, it is described as promoting cooperation in technology, professional services and innovation, supporting mobility for skilled Indian talent, and assisting Indian professionals temporarily working in the UK.
    July 15, 2026
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    Zero-duty market access under the India-UK trade pact expands opportunities for domestic goods, enterprises, professionals and skilled mobility.
    The India-UK Comprehensive Economic and Trade Agreement has been operationalised, enabling a range of domestic goods to enter the UK market at zero customs duty and expanding market access for Indian farmers, entrepreneurs and micro, small and medium enterprises. A social security agreement has also entered into force to support Indian professionals temporarily working in the UK, improve enterprise competitiveness, and complement cooperation in technology, professional services, innovation and skilled-worker mobility.
    July 15, 2026
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    Accredited photovoltaic module testing strengthens reliability validation, safety qualification, and in-house product development under internationally recognised laboratory quality standards.
    NABL accreditation under ISO/IEC 17025:2017 recognises a photovoltaic module laboratory's technical competence to conduct testing through accepted procedures, calibrated equipment, qualified personnel and quality-management controls. Its scope includes module design and safety qualification, degradation testing and high-temperature operating-condition assessment. Environmental, electrical and mechanical evaluations-including thermal cycling, damp heat, humidity freeze, UV exposure, mechanical loads, leakage current, insulation and power testing-support design verification, reliability analysis, manufacturing consistency and product development.
    July 15, 2026
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    Export-led growth exposes weak domestic demand as high-technology manufacturing support raises trade imbalance and employment concerns.
    China's growth has become increasingly reliant on strong exports of high-technology manufactured products, while domestic consumption and investment remain weak. Household spending is constrained by the property-sector downturn and uncertainty over jobs and wages. Policy support and investment in artificial intelligence, robotics and advanced manufacturing have strengthened exports but raised concerns about trade imbalances, excess production capacity and employment creation. The policy direction identified is to strengthen the domestic market and maintain employment while pursuing higher-quality growth.
    July 15, 2026
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    India-UK trade agreement enables tariff reductions, market access and digital trade facilitation for expanded cross-border commerce and investment.
    India-UK Comprehensive Economic and Trade Agreement (CETA) entered into force, establishing tariff reductions, expanded market access and greater certainty for cross-border trade and investment. Its 30 chapters cover trade in goods and services, sanitary and phytosanitary measures, technical barriers to trade, digital trade, intellectual property and government procurement. Trade-facilitation and digital provisions are intended to improve cross-border commerce, while the framework supports bilateral business, investment and collaboration across services, manufacturing, technology and healthcare sectors.
    July 15, 2026
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    Equity market rebound follows softer United States inflation, supporting expectations of a less aggressive Federal Reserve policy stance.
    Indian benchmark equity indices rebounded in early trading, supported by bank and selected large-cap shares after the preceding session's decline. Softer-than-expected United States consumer inflation strengthened expectations of a less aggressive Federal Reserve monetary-policy stance and supported global risk sentiment. Stronger United States equities, generally positive Asian markets, Brent crude movements and foreign institutional investor equity sales were identified as relevant market factors.
    July 15, 2026
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    Foreign exchange market conditions lifted the rupee early, but crude prices, investor outflows and geopolitical tensions restrained gains.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, while elevated crude oil prices, foreign institutional investor outflows, higher US Treasury yields and West Asia tensions limited gains. A weaker dollar and positive domestic equity-market opening provided support. Intensified US-Iran conflict and risks to regional energy exports contributed to higher crude prices and dollar demand. Higher wholesale price inflation and growth in net direct tax collection formed part of the domestic economic backdrop.
    July 15, 2026
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    Proposed geopolitical tariffs would target major purchasers of Russian oil, alongside broad sanctions on Russia's economic sectors.
    Proposed United States legislation would authorise tariffs of up to 100 per cent on India, China, Slovakia, Hungary and Azerbaijan as major purchasers of Russian oil. It also contemplates broad blocking sanctions affecting Russia's energy, financial and defence sectors and designated persons. The tariffs would be narrowly targeted and subject to restricted waiver authority, while certain European purchasers of Russian gas would be exempted based on limited dependence and efforts to reduce reliance on Russia.
    July 14, 2026
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    Video-conference statement request in PNB fraud case pending decision on approver plea, with prosecution reply sought
    Purvi Modi, an accused in the Punjab National Bank fraud case, has sought permission to record her statement before the special CBI court through video conference. She has applied to become an approver, and the CBI has stated that her statement should be recorded before that application is decided. The court has sought the prosecution's response. Purvi Modi and her husband have already become approvers in a related money-laundering investigation conducted by the Enforcement Directorate.
    July 14, 2026
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    Rupee depreciation reflects crude oil pressures, safe-haven dollar demand, widening trade deficit, and rising global economic uncertainty
    The Indian rupee depreciated against the US dollar amid higher crude oil prices, renewed geopolitical concerns, increased safe-haven demand for the dollar, and rising global bond yields. Higher crude prices increased India's dollar-denominated import requirements, widened the trade deficit, and intensified foreign-exchange outflows. Merchandise exports increased year-on-year, but the trade deficit widened because of stronger imports. Wholesale price inflation also rose, while net direct tax collections increased on account of higher corporate tax receipts.
    July 14, 2026
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    Advanced technology in banking requires cybersecurity, internal controls, fraud prevention, and safeguards against data misuse.
    Banks were encouraged to use advanced technologies, including artificial intelligence, to expand their reach, improve operational efficiency, reduce costs, and enhance customer experience. This approach must be supported by robust cybersecurity, strong internal controls, and safeguards against fraud and misuse of data. The banking sector was also urged to serve all segments of the economy prudently, strengthen customer service, and consider developments involving the Central KYC Records Registry, counterfeit currency detection, MuleHunter, central bank digital currency, the Unified Lending Interface, Account Aggregator, FX Retail, and Retail Direct.
    July 14, 2026
    Show AI Summary
    Textile investment opportunities: Punjab promotes integrated value chains, single-window approvals, infrastructure, and export-focused industrial growth.
    Punjab's industrial policy aims to attract textile investment, expand employment and exports, and provide an industry-friendly environment through time-bound approvals, single-window and single-pen systems, and reduced bureaucratic obstacles. Punjab is promoted as having a complete textile value chain covering cotton cultivation, spinning, yarn, fabrics, knitting, processing, garments, manufacturing and exports. Its investment ecosystem is described as offering power tariffs, land facilities, transparent approvals, infrastructure and the Right to Business Act, while industry participation is encouraged to strengthen innovation, exports and inclusive economic growth.
    July 14, 2026
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    Betting proceeds laundering allegations link layered transactions and asset acquisitions to the Mahadev online betting syndicate investigation
    The Enforcement Directorate arrested Ebix Group chairman Vikas Garg under the Prevention of Money Laundering Act in an investigation concerning alleged laundering of proceeds from Mahadev Online Book and Skyexchange betting operations. The agency alleges that betting proceeds were routed through hawala entries, shell entities and layered transactions into entities owned or controlled by Garg, and used to acquire shares, securities and other assets. It further alleges that Garg acquired a controlling stake in EbixCash using such funds. The investigation concerns a franchise-based betting syndicate operating through multiple online platforms.
    July 14, 2026
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    Corporate tax growth strengthens direct tax collections, reflecting resilient profitability, advance tax payments, and improving compliance
    Net direct tax collections rose by 16.40 per cent to over Rs 6.51 lakh crore up to July 13, driven mainly by a 22 per cent increase in net corporate tax collections. Net non-corporate tax collections also increased, while Securities Transaction Tax collections grew by 48 per cent. Gross direct tax collections rose by 16.11 per cent, and refunds increased by 14.57 per cent. The collection trend was associated with resilient corporate profitability, stronger corporate advance tax payments, continued compliance and increasing formalisation.
    July 14, 2026
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    PMLA territorial jurisdiction in homebuyer fraud permits concurrent forum competence where alleged proceeds were acquired and concealed across locations
    Money-laundering proceedings arising from alleged cheating of homebuyers in a Gurugram real-estate project were transferred to the Special PMLA Court at Saket, Delhi, with prosecution continuing from its existing stage. The jurisdictional issue involved alleged acquisition of proceeds of crime at Gurugram and concealment of attached proceeds in Delhi, creating simultaneous jurisdiction for the PMLA courts at both locations. The underlying allegations include collection of funds before project licensing, fraudulent bookings, diversion of project funds, undervalued land transfers during insolvency, and diversion of public-sector bank loans.

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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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