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    Rupee falls 27 paise to close at 95.65 against US dollar
    Al Falah university chairman Jawad Siddiqui urges HC to grant interim bail in ED cases
    SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay
    India's exports rise 15.5 pc in June, trade deficit widens to USD 30.43 bn
    From First Time Users to Premium Spenders: AU Small Finance Bank's Transparent Credit Card Lineup
    Rupee falls 39 paise to 95.77 against US dollar in early trade
    Union Minister of Commerce & Industry Shri Piyush Goyal to Lead High-Level Business Delegation to Spain, Belgium and Finland from 13–17 July 2026
    Dr S C Deb Homeo targets Rs 100 crore revenue by FY'31
    India-UK FTA to benefit exporters, MSMEs, professionals from July 15: Goyal
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    OFCD case: SC to hear SEBI's plea against SAT relief to SICCL managers on Monday
    India's Russian crude imports hit record in Jun even as Moscow's oil revenues slip
    Cluster Industrial Locations and Benefits of Private Aviation
    Ex-WB minister Sujit Bose funnelled municipality 'scam' funds into his restaurant, bar, flats: ED
    Sonalika Marks 30-Year Milestone with 20 Lakh Tractor Production at Hoshiarpur Manufacturing Plant
    Assam Budget: Planters, traders say subsidy, incentive proposals to boost tea sector
    Man held in Rs 1.6 crore loan fraud racket; 50 victims targeted: Delhi Police
    Department of Commerce Organises Chintan Shivir on Strengthening India's Electronics Manufacturing and Export Competitiveness
    FIU-IND case regarding large-scale cyber fraud recognised as runner-up at Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary in Baku, ...
    Ladakh set to export 1,000 MT of apricots to Dubai; first shipment to be dispatched next week
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    July 13, 2026
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    Rupee depreciation pressures deepen as crude oil prices, dollar strength, and geopolitical tensions weigh on foreign exchange market sentiment.
    Foreign exchange market pressure under the FEMA and RBI regulatory context is reflected in the rupee's depreciation against the US dollar, driven by higher crude oil prices, a stronger dollar, and risk aversion arising from escalating geopolitical tensions involving the US and Iran. Trading remained volatile, with the rupee recovering from lower levels as domestic markets improved and crude prices softened from intraday highs. The near-term outlook remained negative because of continuing global uncertainty, while diplomatic de-escalation and stronger domestic market conditions were identified as potential supporting factors.
    July 13, 2026
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    Interim bail in money laundering cases turns on medical hardship, custody safeguards, and prosecution objections over flight risk and tampering.
    Interim bail was sought under the Prevention of Money Laundering Act in two money laundering cases on medical hardship grounds arising from the accused's wife's cancer treatment. The request included willingness to accept restrictive conditions such as a GPS tracker. The Enforcement Directorate opposed release, citing risk of evidence tampering and absconding, and proposed custodial parole instead. The underlying prosecutions concern alleged diversion of student fee funds, misrepresentation of accreditation and regulatory recognition, and alleged fraudulent acquisition of land.
    July 13, 2026
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    Split verdict precedent status clarified as Supreme Court leaves SAT order unstayed while excluding its use in similar securities matters.
    Securities enforcement proceedings over intra-group flat sale transactions led the Supreme Court to refuse a stay of the SAT order that had set aside SEBI's earlier directions against Bombay Dyeing and certain promoter-group individuals. The Court nevertheless stated that the SAT's 2:1 split verdict will not operate as a precedent in similar matters. The dispute centres on 11 memoranda of understanding between group companies, with SEBI raising issues of associate company status, lifting the corporate veil, the single economic entity principle, and alleged accounting mismatch concerning sale proceeds and agency commission.
    July 13, 2026
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    Merchandise trade imbalance widens as export growth continues but faster import expansion increases the trade deficit in June.
    June merchandise trade data shows export growth alongside a stronger rise in imports, leading to a wider trade deficit. Exports increased by 15.5 per cent to USD 40.41 billion, while imports rose by about 31 per cent to USD 70.84 billion, taking the deficit to USD 30.43 billion. For April-June, exports and imports both increased, with import growth linked to crude oil, electronics, machinery, and precious metals. Gold imports also rose in the first quarter, and exports to West Asian countries recorded moderate growth in June.
    July 13, 2026
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    Credit card transparency drives clearer interest, fee, EMI, and digital repayment management across customer-focused card variants.
    AU Small Finance Bank outlines a credit card framework centered on transparent pricing, informed borrowing, and digital self-management. The summary emphasizes customer understanding of credit card interest rates, billing cycles, interest-free periods, finance charges, late payment fees, and EMI interest rates as essential to responsible credit use. It also describes conversion of eligible transactions into instalments through the Xpress loan EMI facility with an EMI calculator to estimate repayment commitments. Multiple payment channels and app-based access to statements, balances, due dates, spending records, and card information are presented as core features of the digital credit card system.
    July 13, 2026
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    Rupee weakness tracks higher crude oil prices as geopolitical tensions, dollar strength and weak equities pressure sentiment.
    The rupee weakened in early trade against the US dollar amid higher crude oil prices and renewed geopolitical tensions affecting global oil supplies. Dealers linked the fall to a sharp rise in Brent crude and a stronger dollar index, while domestic equities also opened lower. The report further notes net foreign institutional buying in equities and a rise in the country's forex reserves during the latest reporting week.
    July 13, 2026
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    Trade and technology cooperation drives India's business delegation visit to Spain, Belgium and Finland.
    India's Commerce and Industry Minister will lead a high-level business delegation to Spain, Belgium and Finland to advance trade, investment, technology, innovation and sustainability. The visit includes bilateral meetings, business roundtables and site visits focused on bilateral trade, the proposed India-European Union Free Trade Agreement, foreign direct investment opportunities, trade facilitation, sustainable technologies, resilient supply chains and industrial collaboration.
    July 12, 2026
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    Homoeopathic medicine expansion drives growth through capacity upgrade, export growth, new markets, and an ophthalmic division.
    Homoeopathic medicine manufacturer Dr S C Deb Homeo Research Laboratory plans major capacity expansion, an ophthalmic division, stronger domestic presence and wider exports to support revenue growth. The company also intends to promote homoeopathy through research, public awareness, affordable medicines, and a proposed homoeopathic medical college and hospital.
    July 12, 2026
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    Duty-free market access and social security exemption under the India-UK trade pact benefit exporters and professionals.
    India-UK free trade agreement to allow all Indian exports to enter the British market duty-free from July 15, benefiting exporters, farmers, fishermen, MSMEs and domestic industries. The pact also covers merchandise, goods and services, and is stated to strengthen trade and economic ties between India and the UK. It further includes a Double Contribution Convention exempting Indian professionals working in the UK for up to five years from British social security contributions, with savings directed to provident fund accounts in India.
    July 12, 2026
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    Regulatory oversight of airfares and securities relief in the Sahara OFCD matter set for Supreme Court hearing.
    The Supreme Court is scheduled to hear a challenge by SEBI against a Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. in the OFCD matter. It is also scheduled to hear a plea seeking regulatory guidelines to curb unpredictable fluctuations in airfares and ancillary charges imposed by private airlines.
    July 12, 2026
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    SEBI jurisdiction over OFCD public offer remains central as the Supreme Court hears Sahara-linked challenge.
    SEBI has challenged before the Supreme Court the part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. The tribunal had held that the OFCDs issued by SICCL constituted a public offer within SEBI's jurisdiction, dismissed the company's and directors' appeals, and separately allowed the appeal of the officials on the ground that employees could not be held liable for the company's acts.
    July 12, 2026
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    Russian crude imports and refined-fuel trade shape India's role in global oil flows amid sanctions and exemptions.
    India's imports of Russian crude oil rose to a record level in June, driven by higher deliveries to major Indian refineries, while Russia's crude export revenues declined because of weaker prices. The report also noted that India remained a significant channel in global trade flows of refined products made from Russian crude, including exports from Indian refineries to sanctioning jurisdictions, and that shipments refined from Russian crude continued to reach EU and UK ports under the reported trade conditions.
    July 11, 2026
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    Private aviation eases industrial cluster connectivity with direct access, flexible schedules, and secure business travel.
    Private aviation is presented as a connectivity solution for India's industrial clusters and economic corridors, where many high-productivity zones lack regular commercial air access. The article highlights the operational difficulty caused by dependence on distant metro airports, inflexible airline schedules, multi-stage travel, and the absence of practical same-day return connectivity. Business aviation is described as enabling direct travel to nearby airstrips and remote airports serving industrial zones, with advantages said to include faster movement, time efficiency, schedule flexibility, and secure and confidential cabin space for sensitive discussions.
    July 11, 2026
    Show AI Summary
    Money laundering through recruitment scam proceeds allegedly funded hospitality businesses, flats and illegal municipal appointments.
    Alleged proceeds of crime from a municipality recruitment scam were channelled into hospitality businesses and property acquisitions through cash sales, capital contributions, unsecured loans and shell-company borrowings. The Enforcement Directorate also alleged manipulation of municipal recruitment, illegal appointments in exchange for pecuniary gain, and abuse of position to regularise appointments without mandatory documents under applicable government guidelines, forming the second prosecution complaint under the Prevention of Money Laundering Act.
    July 11, 2026
    Show AI Summary
    Farmer-centric tractor manufacturing milestone as Sonalika highlights in-house production, automation, and global export growth.
    Sonalika Tractors marked a production milestone by rolling out its 20 lakhth tractor from its integrated manufacturing plant at Hoshiarpur, while highlighting its 30-year growth from its first tractor in 1996 to a global export business serving more than 150 countries. The company attributed its expansion to farmer-centric product development, Indian engineering, in-house manufacturing capability, automation, robotics, and extensive testing standards aimed at performance, durability, and reliability.
    July 11, 2026
    Show AI Summary
    Tea sector support measures in Assam Budget aim to boost exports, cut costs, and strengthen worker welfare.
    Assam Budget 2026-27 proposes tea sector support measures including export and production subsidies, tax relief for small tea growers, restoration of tax for larger assessees, lower VAT on piped natural gas, and welfare-linked spending for tea garden communities. The budget also strengthens incentives, healthcare, tea tourism and social infrastructure in tea garden areas.
    July 11, 2026
    Show AI Summary
    Identity theft in loan fraud rackets highlights misuse of Aadhaar, PAN and mule accounts to obtain fraudulent credit.
    Cyber fraud syndicate allegedly obtained personal loans by misusing Aadhaar and PAN details, including by changing Aadhaar-linked mobile numbers without the victims' knowledge. Police investigation indicates the use of mule accounts to route fraud proceeds and shows misuse of documents of around 50 victims to obtain loans from private non-banking financial companies.
    July 11, 2026
    Show AI Summary
    Electronics export competitiveness gains focus as policy dialogue highlights stable frameworks, global value chains and export facilitation priorities.
    Policy dialogue on strengthening India's electronics manufacturing and export competitiveness centred on the need for a stable and predictable framework to support export-oriented production, particularly in the context of global value chains. The consultation brought together government, industry and export promotion stakeholders to discuss balanced and actionable policy recommendations aimed at reinforcing India's position as a globally competitive electronics manufacturing and export hub. Key priority areas included greater integration of MSMEs into global value chains, harmonisation of HS Codes, closer coordination with Customs to reduce product misclassification and facilitate smoother exports.
    July 11, 2026
    Show AI Summary
    Cyber fraud intelligence exposes cross-border money laundering through mule accounts and cryptocurrency, prompting coordinated anti-money laundering enforcement action
    Financial intelligence analysis of a large-scale cyber fraud uncovered a sophisticated money-laundering network involving approximately Rs.868 crore in proceeds, more than 5,000 mule bank accounts, and cross-border cryptocurrency transactions. Cross-border intelligence exchange helped trace the cryptocurrency movements and identify the international money-laundering trail. The analysis supported enforcement measures under the Prevention of Money Laundering Act, 2002, including searches, seizure of cash and cryptocurrency, attachment of assets, and filing of two prosecution complaints.
    July 10, 2026
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    Fresh apricot export logistics drive in Ladakh prioritises cold chain management, quality certification and timely farmer payments.
    Ladakh administration prepared an export programme for fresh apricots, including the first overseas consignment to Dubai and broader access to other international markets. The initiative required coordinated procurement, grading, sorting, packaging, refrigeration, quality certification and transportation through farmer producer organisations, aggregators and a cooperative society, with dispatch scheduled through Delhi by special cargo aircraft. Officials were directed to ensure timely harvesting, uninterrupted cold chain management, quality standards, transparent payments and compliance with branding requirements.

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      Coffee Island debuts in Delhi with its first ever 24/7 café in GK II

      June 6, 2025

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      The new café is strategically located to position the brand at the heart of Delhi's high-street coffee culture NEW DELHI, June 6, 2025 /PRNewswire/ -- Coffee Island India today announced the launch of its first café in Delhi, in partnership with Vita Nova. The new café is Coffee Island's first in India to remain open 24 hours, seven days a week, marking a significant milestone in the brand's growing footprint in India. This launch highlights the brand's foray into the national capital and its third location in India.

      Strategically located in the upscale neighbourhood of Greater Kailash II M Block, the new Coffee Island café positions the brand at the heart of Delhi's high-street coffee culture, bringing an authentic European coffee experience to the city's evolving community of coffee aficionados. The new space showcases the brand's signature and proprietary in-house roasting process along with a range of brewing methods, and an impressive selection of Global Single Estate Beans, Global Blends and unique Home Blends.

      Alongside its unique beverages such as the Prebiotic Overnight Brew, Java Chip Killer, Islander Cold Coffee, The Long Pour, and Bobastic Coffeeccino, the café serves an all-day food selection crafted by the globally renowned chef Arjyo Banerjee. Guests can enjoy artisanal sandwiches, classic pastas, and wholesome salads, with highlights including Pepperoncini Spaghetti Aglio Olio, Mediterranean Quinoa Bliss Bowl, and Roasted Tomato Basil Bocconcini Pide. The offering is rounded off with indulgent desserts like Banoffee with Nolen Gur, Rocky Road Muffins, and Custard-filled Croissants, creating a holistic café experience rooted in taste, quality, and craft.

      Konstantinos Konstantinopoulos, CEO, Coffee Island, said, "Coffee Island's entry into the Delhi market marks a transformative milestone in our journey of growth in India. Delhi's unique blend of rich heritage and vibrant cosmopolitan culture creates the perfect canvas for us to share our passion for coffee and craft unforgettable experiences.

      Through our invaluable partnership with Vita Nova, we have been able to authentically tailor our offering to local tastes while upholding the highest global standards of quality. As we expand our presence across India, we remain deeply committed to sustainable growth, operational excellence, and fostering a brand that resonates with communities and inspires a love for specialty coffee." Commenting on the opening, Pratyush Sureka, Founder, Vita Nova, added, "Following our successful launches in Gurgaon and Hyderabad, foraying into Delhi was a strategic next move in Coffee Island's India growth journey. Greater Kailash, with its vibrant community and premium high-street appeal, offers the perfect setting to introduce our signature café experience. This launch reinforces our commitment to redefining India's café culture by bringing global coffee excellence to discerning Indian consumers." The brand also features a diverse range of retail products, including Cold Brews, Protein Coffee, Iced Tea, Pour Overs, Ready to Eat and Craft Chocolates in its café with eco-conscious architecture to minimize environmental impact. With its growing global presence and purpose-driven mission, Coffee Island is not just brewing coffee, it's brewing change.

      Following the new launch, Coffee Island is now present in three locations across India, including Delhi, Gurugram and Hyderabad. It plans to continue expansion in key metros such as Mumbai, Bangalore, and Pune, aiming to open 250 cafés by 2029. Through its alliance with Vita Nova, the brand also plans to enter neighbouring markets such as Nepal, Bhutan, Bangladesh, Sri Lanka, Mauritius, and the Maldives.

      Beyond great coffee, Coffee Island is deeply committed to sustainability and ethical sourcing. The company ensures that all coffee is procured from small and underpaid farmers under fair trade practices. It also upcycles all coffee waste into everyday products and uses biodegradable cups that can sprout into plants.

      About Coffee Island Founded 26 years ago in Patras, Greece with a vision to conquer the coffee world, Coffee Island has grown into a global community of passionate people dedicated not only to coffee, but to every idea that makes our daily lives more enjoyable, sustainable, and of higher quality. It has been recognized as one of the top three coffee chains in Europe in the 'Europe's Best Coffee Shop Chain' category of the Allegra European Coffee Awards 2024, reaffirming its ongoing commitment to excellence and innovation.

      Today, with over 450 stores across 50 regions and 92 cities in Greece—and more than 60 locations abroad (including Cyprus, London, Switzerland, Romania, Spain, Canada, Egypt, Dubai, Bulgaria, Hong Kong, France, and India)—Coffee Island merges business growth with support for local communities.

      Through its Direct Trade partnerships with coffee producers, the company processes 1,900 tons of coffee annually at its own facilities in Greece. Certified under ISO 22000 for its quality assurance and production techniques, Coffee Island guarantees exceptional coffee, high production capacity, and competitive prices. The company also invests heavily in knowledge and innovation, recognizing them as key drivers of success.

      Two team members are SCAE Authorized Trainers who lead the continuous training and development of staff, while seven others hold Q-Grader certification from the Coffee Quality Institute, underscoring the company's commitment to excellence in every cup.

      About Vita Nova Vita Nova is a leading gourmet food and beverage company in India, dedicated to introducing global brands that deliver authenticity, innovation, and quality at value to Indian consumers.

      Photo: Embedded Media (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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