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    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
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    Infosys veteran Ashiss Kumar Dash to succeed Salil Parekh as new CEO in 2027
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    PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati
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    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
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    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
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    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
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    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
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    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
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    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
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    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.
    July 23, 2026
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    Free trade agreement tariff reductions create investment opportunities for Asia-Pacific manufacturers seeking UK and European market access.
    The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.

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      From Buenos Aires to Rome: Key dates in life of Pope Francis

      April 21, 2025

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      Vatican City, Apr 21 (AP) Key events in the life of Jorge Mario Bergoglio, who became Pope Francis and died on Monday: December 17, 1936: Jorge Mario Bergoglio is born in Buenos Aires, Argentina, the eldest of five children to Mario Jose Bergoglio, an accountant from Italy, and Regina María Sívori, the daughter of Italian immigrants.

      December 13, 1969: Ordained a priest with the Jesuit religious order, which he would lead as Argentina provincial superior during the country's murderous dictatorship that began in the 1970s.

      May 20, 1992: Named auxiliary bishop of Buenos Aires and in 1998 succeeds Cardinal Antonio Quarracino as archbishop of the Argentine capital.

      February 21, 2001: Elevated to cardinal by St. John Paul II.

      May 2007: Helps draft the final document of the fifth meeting of the Latin American bishops conference in Aparecida, Brazil, synthesising what would eventually become his concerns as pope for the poor, Indigenous peoples and the environment and the need for a missionary church.

      March 13, 2013: Elected 266th pope, the first from the Americas, the first Jesuit and the first to take the name of Francis, after St. Francis of Assisi.

      April 13, 2013: Creates a kitchen cabinet of eight cardinals from around the globe to help him govern the church and reorganize its bureaucracy.

      May 12, 2013: Canonizes the “Martyrs of Otranto”, 813 Italians slain in 1480 for defying demands by Turkish invaders to convert to Islam. With one ceremony, Francis nearly doubled the 480 saints made by St. John Paul II over his quarter-century pontificate, which at the time was more than all his predecessors combined for 500 years.

      July 8, 2013: Makes first trip outside Rome to the Sicilian island of Lampedusa to meet with newly arrived migrants and denounces the “globalisation of indifference” shown to would-be refugees.

      July 30, 2013: Declares “Who am I to judge?” when asked about a gay priest during a news conference, signalling a more welcoming stance toward LGBTQ+ community.

      November 26, 2013: Issues mission statement for his papacy in Evangelii Gaudium, (“The Joy of the Gospel”), denouncing the world financial system that excludes the poor and declaring the Eucharist is “not a prize for the perfect but a powerful medicine and nourishment for the weak”.

      May 25, 2014: Makes an unscheduled stop to pray at wall separating Israel from West Bank town of Bethlehem, in a show of support for the Palestinian cause.

      June 8, 2014: Hosts Israeli and Palestinian presidents for peace prayers in the Vatican gardens.

      March 20, 2015: Accepts the resignation of the “rights and privileges” of Scottish Cardinal Keith O'Brien after adult men accuse him of sexual misconduct.

      June 18, 2015: Issues his environmental manifesto “Laudato Si” (“Praised Be”), calling for a cultural revolution to correct the “structurally perverse” global economic system that exploits the poor and has turned Earth into “an immense pile of filth".

      July 10, 2015: Apologises in Bolivia for the sins and crimes of the Catholic Church against Indigenous peoples during the colonial-era conquest of the Americas.

      September 8, 2015: Overhauls the annulment process to make it faster, cheaper and simpler so divorced Catholics can remarry in the church.

      September 24, 2015: Challenges Congress to rediscover America's ideals by acting on climate change, immigration and poverty reduction in the first speech by a pope at the US Capitol.

      November 29, 2015: Inaugurates the Jubilee of Mercy by opening the Holy Door of the cathedral in Bangui, Central African Republic, rather than at the Vatican.

      Febrruary 12, 2016: Meets Russian Orthodox Patriarch Kirill during a stopover in Havana and declares “We are brothers,” in first such meeting between a pope and patriarch in over 1,000 years.

      February 18, 2016: Prays for dead migrants at the US-Mexico border, later says then-presidential candidate Donald Trump is “not a Christian” for wanting to build a border wall.

      April 8, 2016: Opens the way to letting divorced and civilly remarried Catholics receive Communion in a footnote to the document “Amoris Laetitia” (“The Joy of Love”).

      April 16, 2016: Visits a refugee camp in Lesbos, Greece, and brings 12 Syrian Muslims to Rome aboard his papal plane in an appeal for solidarity toward migrants.

      September 19, 2016: Is questioned in a letter by four conservative cardinals seeking clarification of his opening to divorced and remarried Catholics.

      December 1, 2017: Declares at a meeting in Bangladesh with Myanmar Rohingya refugees that, “The presence of God today is also called Rohingya.” January 19, 2018: Accuses sex abuse victims of slander during a visit to Chile, further undermining Catholic Church's credibility. Subsequently orders a Vatican investigation into Chile's abuse crisis.

      April 12, 2018: Admits to “grave errors” in judgment in Chile's sex abuse scandal. Later summons Chilean bishops to Rome to secure their resignations and invites abuse victims to Vatican to apologize.

      August 3, 2018: Declares capital punishment “inadmissible” under all circumstances in a change to official church teaching.

      July 28, 2018: Accepts the resignation of Cardinal Theodore McCarrick from the College of Cardinals, orders him to penance and prayer pending an investigation into allegations of sexual misconduct with minors and adults.

      August 26, 2018: Retired Vatican ambassador Archbishop Carlo Maria Vigano publishes bombshell accusation claiming US and Vatican officials for two decades covered up McCarrick's sexual misconduct, demands Francis resign.

      September 22, 2018: Vatican and China sign landmark agreement over bishop nominations.

      October 14, 2018: Canonizes slain Salvadoran Archbishop Óscar Romero after his saint-making process was held up for decades by conservative cardinals.

      February 4, 2019: Signs the “Human Fraternity” document with the imam of Al Azhar, establishing collaborative relations between Catholics and Muslims.

      February 16, 2019: Defrocks McCarrick after Vatican investigation finds he sexually abused minors and adults.

      February 21, 2019: Opens first Vatican summit on child protection, warns bishops the faithful demand action, not just condemnation of clergy sexual abuse.

      May 9, 2019: Issues new church law requiring clergy sex abuse to be reported in-house, although not to police; establishes procedures for investigating accused bishops, cardinals and religious superiors.

      October 25, 2019: Apologizes to Amazonian bishops, tribal leaders after conservative activists steal Indigenous statues from Vatican-area church and throw them into Tiber River in show of opposition to the pope.

      November 24, 2019: Declares the use and possession of nuclear weapons “immoral” during a visit to Hiroshima and Nagasaki, Japan.

      December 17, 2019: Abolishes use of “pontifical secret” in clergy sex abuse cases, allowing bishops to share internal documentation about abusers with law enforcement.

      February 12, 2020: Declines to approve ordination of married men as priests after appeals from Amazonian bishops, sidestepping issue in document “Querida Amazonia” (“Beloved Amazon”).

      March 27, 2020: Delivers solitary evening prayer to the world facing the coronavirus pandemic from the promenade of St. Peter's Square.

      October 4, 2020: Issues encyclical “Fratelli Tutti” (“Brothers All,”), arguing the pandemic proves theories of market capitalism failed and a new type of politics is needed to promote human fraternity.

      November 10, 2020: Vatican report into McCarrick finds Vatican, U.S. bishops, cardinals and popes played down or dismissed reports of sexual misconduct but spares Francis.

      March 5-8, 2021: Becomes first pope to visit Iraq, meeting with its top Shiite Muslim cleric.

      July 4, 2021: Undergoes intestinal surgery at Rome's Gemelli hospital, has 33 centimeters (13 inches) of colon removed.

      January 5, 2023: Presides at funeral Mass for Pope Benedict XVI.

      January 24, 2023: Declares in an Associated Press interview that “Being homosexual is not a crime.” March 29, 2023: Is admitted to Rome's Gemelli hospital for respiratory infection; is released April 1.

      June 7, 2023: Undergoes surgery to remove intestinal scar tissue and repair a hernia in the abdominal wall.

      October 4, 2023: Opens a synod on making the church more responsive to ordinary faithful during which women are allowed to vote alongside bishops for the first time.

      November 28, 2023: Cancels visit to Dubai to address UN climate conference and outline a new ecological manifesto “Laudate Deum” ("Praise God") because of a new case of acute bronchitis.

      December 16, 2023: Vatican tribunal convicts Cardinal Angelo Becciu of embezzlement and sentences him to 5½ years in prison in one of several verdicts in a complicated financial trial that aired the city state's dirty laundry and tested its justice system.

      December 19, 2023: Approves blessings for same-sex couples provided they don't resemble marriage, sparking fierce opposition from conservative bishops in Africa, Asia and elsewhere.

      July 5, 2024: Vatican excommunicates leading Francis critic Archbishop Carlo Maria Vigano for schism.

      September 10, 2024: Some 600,000 people, half of East Timor's population, attend Francis' Mass in Dili in what is believed to be the biggest turnout for a papal event in terms of the proportion of the population.

      December 26, 2024: Opens the holy door of Rome's Rebibbia prison, two days after formally inaugurating the 2025 Jubilee.

      January 16, 2025: Appears wearing a sling after a fall that bruised his right arm, just weeks after another apparent fall bruised his chin.

      February 14, 2025: Is hospitalized after a bout of bronchitis worsens and then develops into a complex lung infection and double pneumonia.

      February 28, 2025: His doctors briefly consider suspending treatment after a breathing crisis but decides instead on an aggressive course that risks organ damage.

      March 13, 2025: Marks the 12th anniversary of his election as pope while hospitalised.

      March 23, 2025: Is released from the hospital after 38 days of treatment but looked weak and frail earlier that day when appearing on a balcony to greet the crowd below.

      April 17, 2025: Still recovering from double pneumonia, Francis keeps his Holy Thursday tradition of spending time with the least fortunate, visiting inmates at Rome's Regina Caeli prison.

      Although he says he couldn't perform the ritual of washing the feet of 12 people in a gesture of humility, he adds he wanted to be with them and “do what Jesus did on Holy Thursday”. (AP) PY PY

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