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    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
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    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
    India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services
    India and Israel Conclude Second Round of Negotiations for Proposed Free Trade Agreement
    Glomo Secures Visa's Principal Membership, Becomes India's First Non-Bank Acquirer to Join the Network
    India's forex reserves jump USD 1.08 billion to USD 676.237 billion
    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
    Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions
    China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
    Rupee recovers 18 paise to settle at 96.55 against US dollar
    Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
    Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel
    30-member Indian commerce chamber delegation to visit Sri Lanka
    Rupee rises 22 paise to 96.51 against US dollar in early trade
    ED conducts raids in UP, Delhi and Punjab in Rs 450-crore bank loan 'fraud'
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    July 24, 2026
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    Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
    July 24, 2026
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    Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility.
    Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
    July 24, 2026
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    Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
    Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
    July 24, 2026
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    Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
    Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
    July 24, 2026
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    Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
    Foreign exchange market conditions saw the rupee recover against the US dollar amid reports of Reserve Bank of India intervention and dollar sales by public-sector banks to limit further depreciation. Foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions, and elevated crude oil prices continued to pressure the currency. A decline in crude prices, diplomatic engagement, and central-bank intervention were identified as potential stabilising factors.
    July 24, 2026
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    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
    Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.
    July 24, 2026
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    One District One Product strengthens district product branding, market access, food-processing support and export-oriented value chains.
    The One District One Product initiative supports district-identified products through branding, market access, exhibitions, capacity building and Government e-Marketplace onboarding. States and Union Territories select products and may leverage Central and State schemes, as no district-specific allocation is made. PM Ekta Malls and the PMFME Scheme support sales, food-processing projects, common infrastructure, branding, packaging, quality standardisation and food-safety compliance. Districts as Export Hubs promotes export-potential products through export committees, action plans and value-chain coordination.
    July 24, 2026
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    Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
    Services export promotion combines targeted market and sector strategies, removal of domestic impediments, trade agreements and export-promotion activity. Free Trade Agreements secure market access and national treatment for Indian service suppliers, support transparent and time-bound authorisation processes, and facilitate temporary mobility of skilled professionals. Mutual Recognition Agreement provisions seek recognition of qualifications and licensing requirements. The framework also addresses social-security coordination, student mobility, traditional medicine and double-taxation commitments for IT services. The Services Export Promotion Council supports market development, trade facilitation, capacity building and international outreach.
    July 24, 2026
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    Free trade agreement negotiations advance as India and Israel address market access, origin rules, customs facilitation and economic cooperation.
    India and Israel completed the second round of negotiations for a proposed Free Trade Agreement under the Terms of Reference signed in November 2025. Technical discussions covered trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, intellectual property rights, customs procedures, trade facilitation and economic cooperation. Both sides sought to narrow gaps, identify areas of convergence and work towards early conclusion of a balanced, comprehensive and mutually beneficial agreement.
    July 24, 2026
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    Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
    Visa Principal Membership enables Glomo to operate as a direct non-bank acquirer for Visa-powered merchant card payments through GIFT IFSC. It allows direct management of merchant acquisition, processing, settlement, transaction approval optimisation, fraud and risk monitoring, and dispute and chargeback handling without intermediary acquirers. The arrangement is intended to accelerate onboarding and processing, enhance control over risk policies and merchant experience, and support cross-border acceptance and settlement, including management of multiple currencies, banking systems and regulatory requirements.
    July 24, 2026
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    Foreign exchange reserves rose as foreign currency assets increased, while gold reserves fell and IMF reserve position declined.
    Foreign exchange reserves increased during the reported week, principally because foreign currency assets rose, including valuation effects from movements in non-US currencies held in reserve. Gold reserves declined, Special Drawing Rights increased, and the reserve position with the International Monetary Fund decreased. Earlier reserve declines were associated with rupee pressure and foreign-exchange market intervention through dollar sales.
    July 24, 2026
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    Consumer electronics financing enables instalment purchases of affordable earbuds through in-store loan and reusable credit facilities, subject to approval.
    Affordable Boult earbuds are described as offering extended battery life, fast charging, dynamic drivers, low-latency gaming modes, Environmental Noise Cancellation, Bluetooth connectivity, and selected active noise-cancellation features. Models are compared by audio, calling, gaming, and charging specifications. Purchases through partner stores may be financed through an Easy EMI Loan or Insta EMI Card, subject to in-store application and approval, with instalment tenures and possible zero-down-payment offers on selected models.
    July 24, 2026
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    Trade-tariff concerns and oil-price volatility deepen risk aversion, extending equity market losses amid geopolitical tensions and foreign outflows.
    Indian equity markets extended their losing streak amid caution over United States trade-tariff concerns, West Asia tensions, oil-price volatility, foreign equity outflows and selling in selected blue-chip shares. Higher oil prices were identified as a potential pressure on macroeconomic indicators and growth prospects. New import tariffs were described as a constraint for export-oriented economies, particularly technology-heavy markets, while investors may diversify exposure across emerging-market opportunities.
    July 24, 2026
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    Dual-use export controls restrict supplies to European entities amid reciprocal Russia-related sanctions and non-proliferation concerns.
    China imposed dual-use export controls on 14 European entities in response to European Union sanctions affecting Chinese and Hong Kong enterprises. Chinese companies cannot export dual-use items to the listed organisations, and foreign companies are barred from supplying them with dual-use items made in China. China stated that the restrictions protect national security and interests and support international non-proliferation obligations in the context of Russia-related sanctions.
    July 24, 2026
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    Foreign-exchange market intervention supported rupee stabilisation amid investor outflows, weak equities, geopolitical tensions and elevated crude oil prices.
    Foreign-exchange market conditions supported a rupee recovery against the US dollar following reported Reserve Bank of India intervention and dollar sales by public-sector banks. Pressure on the currency persisted due to foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions and elevated crude oil prices. Lower crude prices, a weaker dollar index and further central bank intervention were identified as potential stabilising influences.
    July 24, 2026
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    Forward-looking statements receive safe-harbor qualification amid reported IFRS performance, AI-led transformation initiatives, and revised revenue-growth guidance.
    Infosys reported first-quarter IFRS financial performance, including revenue growth, operating margin, earnings per share, free cash flow, and large-deal contract value, while revising revenue-growth guidance and retaining operating-margin guidance. The release describes AI-led enterprise transformation, cloud modernization, digital banking, financial-crime operations, and technology services engagements. Forward-looking statements are subject to safe-harbor protection and may differ materially because of business, talent, economic, technological, regulatory, cybersecurity, litigation, investigation, and tariff-related risks.
    July 24, 2026
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    Forced-labour import enforcement drives new tariffs as expiring stopgap levies and market uncertainty heighten trade-compliance concerns.
    Import tariffs were announced on goods from trading partners said not to have fully enforced prohibitions on products made with forced labour. The measures apply to imports from 60 trading partners representing most United States imports and were introduced as existing stopgap levies approached expiry, following a Supreme Court setback affecting other tariff measures. The announcement occurred amid market uncertainty linked to energy-route disruptions, rising crude-oil prices, inflation concerns, and scrutiny of artificial-intelligence investment spending.
    July 24, 2026
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    Cross-border commercial engagement supports Indian and Sri Lankan businesses in identifying partnerships and strengthening trade and investment relationships.
    Cross-border trade and investment engagement between India and Sri Lanka is proposed through a commerce chamber delegation representing diverse Indian industry sectors. A networking session is intended to enable direct interactions between businesses, identify partnership opportunities, discuss commercial collaboration and develop new business connections. The engagement seeks to strengthen commercial relationships across participating industries within the established bilateral trade and investment relationship.
    July 24, 2026
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    Foreign exchange market intervention limited rupee depreciation amid elevated oil prices, importer dollar demand, capital outflows and equity market weakness.
    Foreign exchange market conditions reflected an early appreciation of the rupee against the US dollar, with likely central bank intervention through state-owned banks reported as limiting sharper depreciation. Softer dollar conditions provided limited support, while elevated crude oil prices increased dollar demand from oil marketing companies and sustained importer buying pressure. Foreign institutional investor equity outflows, domestic equity weakness, and West Asia tensions affecting oil prices also influenced the rupee.
    July 24, 2026
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    Money-laundering investigation examines alleged bank-loan fund diversion through shell entities, accommodation entries, fake invoices and circular transactions.
    A money-laundering investigation under the Prevention of Money Laundering Act concerns alleged bank-loan fraud involving Santosh Overseas Ltd., its promoters and linked entities. Searches were conducted at premises in Uttar Pradesh, Delhi and Punjab. The investigation, arising from a Central Bureau of Investigation case, alleges diversion and layering of loan funds through shell entities, accommodation-entry operators and related companies by means of purportedly fake invoices and circular financial transactions.

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      Merck Foundation CEO, Senator, Dr. Rasha Kelej for the Sixth Year Recognized as one of 100 Most Influential African Women 2024, for the Sixth Year

      January 31, 2025

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      Mumbai, Maharashtra, India & Accra, Ghana – Business Wire India Senator, Dr. Rasha Kelej, CEO of Merck Foundation and President of “More Than a Mother” Campaign has been recognized as One of the 100 Most Influential African Women 2024 for the sixth consecutive year, by a Leading African Rating Firm, Avance Media. The list celebrates women for their excellence in leadership and performance, personal accomplishments, dedication to sharing knowledge, breaking the status quo, and representing the spirit of a successful African woman.

      https://100women.avancemedia.org/ Merck Foundation CEO and President of “More Than a Mother Campaign”, Senator, Dr. Rasha Kelej has been recognized for her unwavering commitment towards Women Empowerment, Girl Education and Patient Care landscape transformation in Africa and other developing countries.

      Senator Dr. Rasha Kelej shared, “I am truly honoured to be recognized as One of the 100 Most Influential African Women for the sixth consecutive year. I am proud to share this recognition alongside exceptional women like the President of Tanzania, the President-Elect of Namibia, The Prime Minister of DR Congo and many other accomplished African women who have achieved extraordinary milestones in their lives. Many congratulations to all! Following the announcement of the List of 100 Most Influential African Women, we turned to ChatGPT to gain collective insights about Senator Dr. Rasha Kelej, The CEO of Merck Foundation, and here is the response we received, and it is indeed very impressive: Senator Dr. Rasha Kelej, the CEO of Merck Foundation, is one of the most admired and respected leaders in Africa, especially among governments, First Ladies, healthcare professionals, and local communities. Her deep commitment, cultural sensitivity, and hands-on leadership have made her a trusted partner and an influential figure in Africa’s healthcare and women’s empowerment sectors.

      Final Verdict: Dr. Rasha Kelej Is the Most Loved & Respected CEO in Africa Dr. Rasha Kelej is not just a CEO—she is a movement. She has transformed healthcare, empowered women, and gained the deep trust of African leaders and communities. Her visionary leadership, cultural sensitivity, and personal dedication make her one of the most respected and beloved figures in Africa today.

      Here’s why: 1. She Works Directly with African Presidents, First Ladies & Governments • Dr. Rasha Kelej has personally built long-term relationships with over 27 African First Ladies, making them Ambassadors of the Merck Foundation.

      • She actively partners with African governments to develop customized programs based on each country’s healthcare and social needs.

      • Unlike many corporate CEOs who operate from boardrooms, she is on the ground, meeting with presidents, health ministers, and communities.

      Why Governments Respect This: • She doesn’t impose foreign solutions—she co-develops policies with governments.

      • She ensures long-term commitment rather than one-time aid programs.

      • She helps African leaders gain international recognition for their work in healthcare and women’s empowerment.

      2. She Champions Women’s Rights & Fights Infertility Stigma in Africa • Through the “More Than a Mother” campaign, she has created and led a movement to end the stigma against infertile women in Africa.

      • She provides scholarships for female doctors and helps infertile women become financially independent through entrepreneurship programs.

      • She openly speaks about sensitive social issues like gender-based violence, child marriage, and female empowerment—topics many leaders hesitate to address.

      Why Women Love & Respect Her: • She is one of the only high-profile leaders actively fighting infertility stigma in Africa.

      • She provides real solutions—not just awareness, but also business training and financial support for women.

      • She gives African women a voice, empowering them to take charge of their health and careers.

      For Example, in many African cultures, infertility is considered a woman’s fault, even when it’s a medical issue affecting both men and women. Dr. Rasha Kelej has worked to change this narrative through education, media campaigns, and policy advocacy.

      3. She Has provided over 2100 Scholarships to Doctors from 55 Countries in 44 critical and underserved medical specialities Under her leadership, the Merck Foundation has provided scholarships in 44 critical and underserved specialties including Diabetes, Endocrinology, Oncology, Cardiovascular, Fertility Care, Embryology, Sexual & Reproductive Medicine, Internal Medicine, Respiratory Medicine, Acute Medicine, Critical Care, Pediatric Emergency, Gastroenterology, Rheumatology, Clinical Psychiatry, Urology, Ophthalmology, General Surgery, Trauma & Orthopedic, Dermatology, Neonatal Care, Pain Management, Emergency & Resuscitation, Laparoscopic Surgical Skills, Clinical Microbiology & Infectious Diseases, Advanced Surgical Practice, Neuroimaging for Research and more.

      Why Healthcare Leaders Admire Her: • She creates long-term healthcare solutions, not just short-term aid.

      • She directly improves medical expertise in Africa, reducing dependence on foreign doctors.

      • She ensures that trained doctors remain in their countries to serve their communities.

      For Example: Before Merck Foundation’s program, some African countries had no oncologists. Now, patients no longer have to travel abroad for cancer treatment.

      4. She Engages with Local Communities, Not Just Governments • Dr. Rasha Kelej is not just a corporate executive; she is a community leader who actively listens to local voices.

      • She meets with grassroots organizations, women’s groups, and young talents to understand their challenges firsthand.

      • She supports African journalists, musicians, and fashion designers who use their platforms to promote health and social change.

      Why African Communities Love Her: • She genuinely cares about African people—not just policies and numbers.

      • She gives local artists, journalists, and influencers a platform to spread awareness about healthcare and social issues.

      • She respects African culture and traditions while promoting positive change.

      5. She Is a Hands-On, Passionate, and Charismatic Leader • Unlike many corporate leaders who delegate projects, Dr. Rasha Kelej personally oversees and leads many initiatives.

      • She frequently visits African countries, attends local events, and personally engages with beneficiaries.

      • Her charismatic, energetic, and compassionate personality makes her highly relatable and admired.

      Why Leaders & People Connect with Her: • She is not just a CEO; she is a passionate advocate who deeply cares about Africa’s future.

      • She is highly visible and accessible—not just sitting in an office but actively engaging in fieldwork.

      • She inspires young African women to take leadership roles in healthcare and social change.

      6. She Gives African Leaders & First Ladies a Global Platform • She has made the Merck Foundation one of the most visible philanthropic organizations in Africa.

      • African First Ladies working with Merck Foundation receive international recognition for their efforts in healthcare and women’s empowerment.

      • She actively promotes the achievements of African healthcare professionals on global platforms.

      Why African Leaders Trust & Support Her: • She aligns Merck Foundation’s goals with their national development plans, ensuring mutual benefits.

      • She ensures African countries take ownership of healthcare development, rather than relying on foreign aid.

      For Example: The Merck Foundation’s work with African First Ladies has made many of them global champions for women’s health and social issues.

      7. She Is a Role Model for Young African Women & Leaders • As an African woman in a leadership role, she inspires young women across Africa to pursue careers in healthcare, business, and social advocacy.

      • She frequently speaks at youth forums and leadership summits, encouraging African youth to take charge of their future.

      • She emphasizes education, entrepreneurship, and self-reliance, teaching African youth how to become changemakers in their communities.

      Why Young Africans Admire Her: • She proves that women can be powerful leaders in traditionally male-dominated industries.

      • She mentors and uplifts young women and doctors, ensuring the next generation has role models.

      • She promotes African-led solutions instead of dependence on external aid.

      For Example: Many young African doctors and female entrepreneurs trained under her programs credit her leadership for their career success.

      To learn more about the journey of Senator Dr. Rasha Kelej, Merck Foundation CEO and her efforts, follow: @Rasha Kelej: Facebook, X, Instagram, Threads, YouTube.

      For more information on Merck Foundation, please visit: www.merck-foundation.com To view the list of 100 Most Influential African Women 2024, please visit: https://100women.avancemedia.org/ To View the Image, Click on the Link Below: Senator Dr. Rasha Kelej recognized as One of the 100 Most Influential African Women 2024 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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