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    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'
    US slaps 10 per cent tariff on goods imported from India over forced labour concerns
    NICDC Organises Cross-Learning Site Visit to AURIC Smart City to Strengthen Industrial Corridor Development
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    PNB to establish Quantum Finance Innovation Hub in Amaravati
    Infosys veteran Ashiss Kumar Dash to succeed Salil Parekh as new CEO in 2027
    Gold falls Rs 400 per 10 grams amid surging oil prices
    PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati
    Govt allows FDI in inventory-based e-commerce model only for export purposes
    Joint home loans in India - interest rates start at 7.25%* p.a. for salaried applicants
    6Wresearch: India Export Attractiveness Tracker 2026
    Govt allows FDI in inventory-based model of e-commerce only for export purposes
    CRIF India Launches Chennai Chapter of 'Credit Goes to HER' to Strengthen Women's Leadership in the Credit Ecosystem
    Loan Fest 2026: Apply for a Bajaj Finance Personal Loan Online with Attractive Offers
    Rupee slips 4 paise to settle at 96.57 against US dollar
    Supertech twin towers: SC defers hearing on plea seeking refund for homebuyers
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    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.
    July 24, 2026
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    Forced-labour import prohibitions shape tariff treatment as India's policy amendment secures a lower rate for imported goods.
    Forced-labour import prohibitions are linked to tariff treatment under Section 301 of the Trade Act of 1974. Goods imported from India receive a lower tariff rate after India amended its foreign trade policy to prohibit imports of goods produced using forced labour. The framework excludes certain raw materials, goods causing economy-wide disruption, and products unavailable in sufficient domestic quantities. India has contested the underlying investigations and proposes that the issues be addressed through a bilateral trade agreement.
    July 24, 2026
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    Integrated industrial city development promotes cross-learning on digital governance, investor facilitation, infrastructure planning and plug-and-play industrial parks.
    Industrial corridor development is being supported through cross-learning on AURIC Smart City's integrated planning, infrastructure and governance practices. The programme addresses master planning, utility systems, digital monitoring, land utilisation, investor facilitation, project implementation and coordination among implementing agencies. It also considers application of these practices to the Bharat Audyogik Vikas Yojana for plug-and-play industrial parks, with emphasis on integrated utilities, digital land management, investor-friendly approvals, sustainable infrastructure and multimodal connectivity.
    July 24, 2026
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    WTO trade policy review highlights India's commitment to transparent trade rules, development policy space and multilateral engagement.
    India reaffirmed an open, transparent, predictable and WTO-consistent trade and investment regime through tariff reform, customs simplification and free trade agreement initiatives. Its trade policy was presented as balancing developmental needs with WTO principles: agricultural tariffs protect vulnerable farmers, while industrial tariffs support supply-chain resilience and domestic manufacturing. India also committed to transparent, consultative and rules-compliant sanitary measures, technical regulations and trade remedies, with investigations based on objective evidence, due process and judicial oversight, including continued application of the Lesser Duty Rule in anti-dumping matters.
    July 23, 2026
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    Temporary Section 122 surcharge expiry may restore MFN treatment for Indian exports, while Section 301 tariff uncertainty continues.
    The US temporary Section 122 import surcharge on Indian goods is scheduled to expire unless extended or replaced, restoring affected imports to normal US MFN tariff treatment. Liability depends on entry for consumption or warehouse withdrawal. Section 232 national-security tariffs remain unchanged. Indian exports may still face fresh measures under Section 301 investigations into forced labour and excess manufacturing capacity, alongside potential country-specific or sectoral tariffs. The expiry may improve export competitiveness and market access, particularly for labour-intensive and MSME-driven sectors.
    July 23, 2026
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    Quantum finance innovation will advance secure digital banking through cybersecurity, fraud detection, collaborative research, workforce development and digital literacy.
    A Quantum Finance Innovation Hub is proposed to apply quantum technologies to banking through stronger cybersecurity, proactive financial-fraud detection and secure digital financial ecosystems. The initiative will bring together industry, academia, startups, research organisations and government agencies to promote innovation in quantum computing, artificial intelligence and related technologies. It also focuses on workforce development, digital literacy, public confidence in digital financial services, and technology-enabled responses to cybercrime and digital-arrest scams.
    July 23, 2026
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    Chief executive succession plan appoints a CEO designate, subject to shareholder approval, for an AI-led corporate leadership transition.
    Corporate leadership succession at Infosys is proposed through the appointment of Ashiss Kumar Dash as Managing Director and Chief Executive Officer designate from 1 April 2027. The five-year appointment is subject to shareholder approval and follows a recommendation of the Board's Nomination and Remuneration Committee. The incumbent will remain in office until the transition date and support an orderly transfer of responsibilities. The succession plan identifies the CEO designate's business, technology-delivery, client and global operations experience as relevant to AI-led transformation.
    July 23, 2026
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    Bullion market pressure intensified as rising oil prices, inflation concerns and restrictive monetary policy expectations weakened gold and silver sentiment.
    Gold and silver prices declined amid weaker global bullion trends, profit-booking, and higher crude oil prices linked to Middle East tensions. Market commentary associated the decline with inflation concerns and expectations that major central banks may sustain restrictive monetary policy for longer. Gold was described as facing near-term pressure from higher interest-rate expectations, inflation risks, and geopolitical uncertainty.
    July 23, 2026
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    Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
    Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
    July 23, 2026
    Show AI Summary
    Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Restrictions on business-to-consumer and inventory-based e-commerce do not apply to these exports, subject to the Foreign Trade Policy 2023 and export regulations. Foreign direct investment in inventory-based e-commerce retailing for domestic sales remains prohibited, with the revised position taking effect upon the relevant foreign exchange notification.
    July 23, 2026
    Show AI Summary
    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
    Joint home loans allow eligible applicants to combine income for a single housing loan, while making every co-applicant fully responsible for repayment. Eligibility depends on each applicant's income, financial obligations, credit history, age, repayment capacity and property criteria. Applicants should agree on EMI sharing, ownership proportions and exit arrangements before applying, as removal of a co-applicant requires lender approval and reassessment. Co-owner borrowers may claim applicable interest and principal repayment deductions subject to ownership, contribution and income-tax requirements. Each applicant must provide separate identity, income and banking documentation.
    July 23, 2026
    Show AI Summary
    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
    India's export potential to 2031 is centred on smartphones, polished diamonds, petroleum products and medicines, with the United States, Hong Kong, Japan, China, Singapore and the United Arab Emirates as important markets. New product opportunities include iron ore concentrates, gasoline vehicles and light petroleum oils. Although selected destinations offer duty-free or preferential access, market entry in mature markets increasingly depends on compliance with non-tariff measures, including registration, quality certification, safety documentation and product standards. Semiconductor-related manufacturing is identified as a long-term opportunity supported by expanding electronics capacity, supply-chain diversification and domestic incentives.
    July 23, 2026
    Show AI Summary
    Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
    July 23, 2026
    Show AI Summary
    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
    The Chennai chapter of the 'Credit Goes to HER' initiative provides a platform for women professionals in banking, NBFCs, fintech, housing finance, academia and policy to share knowledge, obtain mentorship and collaborate on inclusive credit practices. It seeks to strengthen women's leadership and participation in the credit ecosystem while supporting responsible lending, financial inclusion, transparency and data-driven decision-making.
    July 23, 2026
    Show AI Summary
    Digital personal-loan campaign combines online collateral-free borrowing, eligibility-based assessment, flexible repayment options and conditional lifestyle rewards for successful disbursals.
    Digital personal-loan campaign permits eligible customers to apply online for collateral-free borrowing and receive specified lifestyle rewards upon successful disbursal, subject to campaign terms. Applicants may check an offer, provide personal, financial and employment information, review loan terms, complete know-your-customer and bank-account verification, and undergo assessment. Interest rates, loan amounts and repayment tenures depend on eligibility, credit profile, income and internal assessment. An EMI calculator supports comparison of repayment options and estimation of monthly instalments before application.
    July 23, 2026
    Show AI Summary
    Foreign-exchange market pressure weakened the rupee as elevated crude prices and risk sentiment drove trading conditions.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid elevated crude oil prices linked to heightened West Asia hostilities. Weak domestic equity markets and foreign investor equity outflows contributed to negative sentiment. Market commentary indicated that prospective Reserve Bank of India intervention supported the rupee and could limit sharper depreciation, while shipping-security concerns contributed to elevated oil prices.
    July 23, 2026
    Show AI Summary
    Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
    Homebuyer refund claims connected with demolished residential towers are being considered within the developer's insolvency proceedings. Buyers who have not opted for alternative allotment seek repayment. Eligible refunds are contemplated on a pro-rata basis from funds deposited by the Interim Resolution Professional, subject to the claims process and the availability of deposited funds.

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      INDIAWOOD 2025: 25 Years of Driving Innovation in Woodworking & Furniture Manufacturing

      March 4, 2025

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      NEW DELHI, March 4, 2025 /PRNewswire/ -- Marking a quarter-century of industry advancements & growth, INDIAWOOD 2025, the leading trade fair for woodworking and furniture manufacturing, will take place from March 6-9, 2025, at India Expo Mart & Centre (IEML), Greater Noida, Delhi NCR. As part of NuernbergMesse global woodworking portfolio, this milestone edition reflects India's emergence as a manufacturing powerhouse and a key global player in the furniture and woodworking industry.

      INDIAWOOD's 25-Year Legacy: From Local Showcase to Global Influence Since its inception, INDIAWOOD has shaped the industry's growth, bringing together manufacturers, suppliers, technology leaders, and professionals on a single platform. Over the past two and a half decades, it has played a pivotal role in fostering technological advancements, sustainable practices, and global collaborations. Today, as India ranks among the top five global furniture producers and is set to grow its furniture exports by 20% annually, INDIAWOOD continues to be a catalyst for industry progress.

      "Valued at USD 25.75 billion in 2025, the Indian furniture market is projected to reach USD 37.18 billion by 2030. With wood accounting for 62% of furniture production, the industry is undergoing a transformation driven by innovation and sustainability - much of which has been fuelled by opportunities at INDIAWOOD," says Sonia Prashar, Managing Director, NuernbergMesse India.

      Speaking on the occasion, Frederik Meyer, President of Eumabois (the European Federation of Woodworking Machinery Manufacturers), expressed his excitement about the event and the thriving growth of India's woodworking and furniture industry.

      "India is rapidly establishing itself as a significant global player in the woodworking and furniture sector, driven by strong domestic demand and a long-standing tradition of craftsmanship," said Meyer. "INDIAWOOD 2025 is an important platform for knowledge sharing, showcasing cutting-edge technologies, and fostering strategic partnerships. Eumabois is proud to support this initiative, facilitating collaboration between European and Indian companies." Meyer also highlighted the event's role in bridging international expertise with local innovation: "We invite all visitors to explore European woodworking technologies that are known for their high standards of quality, efficiency, and sustainability. Our companies are eager to contribute to India's growth in this dynamic sector." Key Highlights at INDIAWOOD 2025 This landmark edition will feature a dynamic mix of technology, product launches, and knowledge-sharing forums, including: INDIAWOOD 2025 will feature a range of specialized industry events designed to engage professionals across the woodworking and furniture manufacturing spectrum. Surface in Motion, scheduled for March 5, will offer a comprehensive exploration of surface technology and design trends, spotlighting innovations that are reshaping the aesthetics and functionality of wood-based materials. The India Mattresstech Expo, co-located with INDIAWOOD, will delve into the latest advancements in mattress manufacturing and upholstery, providing insights into emerging technologies and innovative materials that are driving growth and demand.

      Meanwhile, Wood+ in Architecture & Design, set for March 7, will bring together architects, designers, and industry experts to discuss the evolving role of wood in contemporary architecture. This event will emphasize wood's versatility, sustainability, and its growing prominence in modern construction and interior design. Additionally, INDIAWOOD 2025 will host a series of seminars, offering attendees into newest materials, machinery, and sustainable practices. These sessions aim to equip industry professionals with practical knowledge and strategies to navigate the rapidly changing landscape of woodworking and furniture manufacturing.

      Exhibitors from top domestic and international brands will showcase a diverse range of groundbreaking innovations, setting new benchmarks in woodworking and furniture manufacturing. Visitors can explore the latest advancements across various segments, including: • Advanced Technology & Innovation : High-performance woodworking equipment, revolutionizing production capabilities with precision and speed.

      • Premium Materials & Hardware : Innovations such as fire-resistant panels, durable finishes, and advanced hardware, engineered for superior protection and extended product life.

      • Smart Manufacturing Solutions : AI-driven automation and precision CNC systems that streamline workflows, optimizing efficiency for modern industries.

      With these advancements on display, the event promises to be a hub for innovation, collaboration, and future-ready solutions in the woodworking sector.

      India's Woodworking Future: A Global Force in the Making With a projected 6.7% economic growth rate in FY26 and FY27, India remains the fastest-growing large economy. Factors such as a skilled labour force, abundant raw materials, and increasing global demand are positioning India's woodworking and furniture industry as one of the top three global players in the coming years.

      INDIAWOOD 2025 will capitalize on this momentum, serving as a dynamic platform for growth, innovation, and networking. Spanning over 50,000 SqMs and featuring more than 600 leading brands from over 30 countries, this edition will be the largest ever in the North of India. It promises to be a landmark showcase of the latest advancements in technology, machinery, and industry expertise, providing a global stage for meaningful connections and business opportunities.

      Reiterating the global significance of the event, Sivakumar Venugopal, Group Director, NuernbergMesse India said, "INDIAWOOD's journey from its humble beginnings at Kanteerava Stadium to becoming one of world's largest woodworking and furniture manufacturing exhibitions is nothing short of remarkable. Over the past 25 years, we have seen the industry evolve - from manual craftsmanship to automation, from conventional materials to sustainable innovations - INDIAWOOD has been at the forefront of this transformation." "As we celebrate this milestone in 2025, our commitment remains steadfast: to provide businesses with future-ready solutions, foster global collaborations, and drive industry growth. INDIAWOOD 2025 will be a platform for valuable partnerships and insights, focusing on key trends such as sustainability, digital adoption, and emerging technologies, ensuring that professionals stay ahead in an ever-evolving market." For more information about INDIAWOOD, including registration, exhibitor details, and event updates, please visit www.indiawood.com.

      (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 PWR

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