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    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
    Invest Manchester: UK-India Free Trade Agreement Opens New Doors for APAC Manufacturers
    4 Chandigarh University Law Graduates Become Judicial Officers, 244 Secure Jobs at Corporate Law Firms
    ISTITUTO MARANGONI MUMBAI PRESENTS ITS 2026 STUDENT SHOWCASE — ‘ASTITVA’
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    ENERGY STATISTICS INDIA
    CCI approves acquisition of 100% of the equity share capital of NCR Atleos Corporation (Target) by The Brink's Company (Acquirer)
    US to unveil final action on Sec 301 investigation on Thursday: USTR Greer
    Lokayukta police unearth Rs 17 crore assets of power firm official, relatives
    Maharashtra govt releases 'representative' list of 533 beneficiaries of farm loan waiver scheme
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    July 23, 2026
    Show AI Summary
    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
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    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
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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.
    July 23, 2026
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    Practical legal training and structured internships strengthen judicial examination preparation, professional skills, and career exposure for law students.
    Legal education employability initiatives combine curriculum alignment for judicial and competitive examinations with mentoring, legal drafting practice, research training, and professional interaction. Internships provide practical exposure to courts, judicial institutions, government bodies, law firms, advocates' chambers, corporate legal departments, and non-governmental organisations. Students in integrated and three-year law programmes complete prescribed minimum internship periods, with summer and winter placements commencing after the first year. Specialisation-based internships cover civil, criminal, corporate, cyber, intellectual property, arbitration, taxation, and government or non-governmental legal work.
    July 23, 2026
    Show AI Summary
    Student fashion showcase celebrates identity, personal storytelling, craft preservation and conscious creation through nine contemporary design collections.
    Student fashion showcase 'Astitva' presented nine contemporary collections exploring identity, belonging, transformation, memory, resilience, grief and cultural heritage through personal design narratives. The collections included a contemporary reinterpretation of Bhujodi weaving, Ajrakh block printing and Kumaoni hand-knitting, emphasising preservation of Indian craft traditions. Recognition included a designer award for the craft-revival collection and a sustainability award for a collection focused on craftsmanship, conscious creation, heirloom design and mindful luxury.
    July 23, 2026
    Show AI Summary
    Rupee exchange-rate movements face pressure from elevated crude prices and equity outflows, moderated by possible central-bank intervention.
    Rupee exchange-rate movement in early foreign-exchange trading reflected a modest appreciation against the US dollar after depreciation in the preceding session. Possible dollar sales by state-owned banks, widely viewed as central-bank intervention, and a weaker US dollar supported the currency. Elevated crude-oil prices, foreign institutional equity outflows, and negative domestic equity-market sentiment continued to create downside pressure, although expected central-bank support was considered likely to limit losses.
    July 23, 2026
    Show AI Summary
    Official statistics dissemination uses digital validation, release calendars, anonymised microdata and accessible platforms to strengthen timeliness and transparency.
    Official statistics collection and dissemination are supported through digital survey platforms with built-in validation, real-time monitoring and supervisory quality controls. Consumer Price Index, National Accounts Statistics and Index of Industrial Production data are collected, compiled or validated through specified quality and timeliness mechanisms. An Advance Release Calendar supports accountable publication, while anonymised survey microdata, stakeholder engagement and digital portals improve transparency, accessibility and use of official statistics.
    July 23, 2026
    Show AI Summary
    Official statistical modernization strengthens macroeconomic measurement through revised bases, digital surveys, validated data collection and district-level estimates.
    Official statistical methodology and National Sample Surveys are periodically reviewed to reflect changing economic conditions, emerging data needs and international standards. Base revisions for key macroeconomic indicators incorporate updated data, expanded coverage, revised weights, administrative sources and improved estimation of the unincorporated sector. Survey methods are updated through expert consultation, pilot studies and field testing. Digital collection platforms, validation checks, real-time monitoring, AI-enabled tools and multilingual interfaces support improved data quality, quicker releases, high-frequency surveys and district-level estimates.
    July 23, 2026
    Show AI Summary
    Energy statistics reporting expands with internationally aligned consumption data, energy-sector credit flows, and improved coal and electricity coverage.
    Energy Statistics India 2026 reports Total Primary Energy Supply and renewable energy potential, supporting energy policy and infrastructure planning. Its 33rd edition adds data on credit flow to the energy sector, the international energy scenario, and international marine and aviation bunker use. It aligns end-use consuming sectors for energy commodities with international standards and addresses data gaps in industry-wise coal and electricity consumption.
    July 23, 2026
    Show AI Summary
    Competition approval for full acquisition integrates cash replenishment, ATM hardware, software, managed services and maintenance operations.
    Competition approval has been granted for The Brink's Company's acquisition of the entire equity share capital of NCR Atleos Corporation, which will become wholly owned and controlled by the acquirer. The acquirer provides cash replenishment and ancillary first-line maintenance in India. The target's Indian activities include ATM hardware manufacture and supply, ATM software development and licensing, ATM managed services, and first-line and second-line ATM maintenance.
    July 22, 2026
    Show AI Summary
    Forced-labour import controls face proposed Section 301 tariff action, while India contests the investigations through bilateral trade discussions.
    Section 301 investigations concerning forced-labour imports examine whether 60 major trading partners, including India, have adopted and effectively enforced import prohibitions on goods produced with forced labour. Proposed additional tariffs would vary according to the strength of existing forced-labour import controls. India has contested the investigations and indicated that these issues may be addressed through the bilateral trade agreement under discussion. India has also initiated an anti-dumping investigation into global soda ash imports to assess potential injury or threat of injury to domestic industry.
    July 22, 2026
    Show AI Summary
    Disproportionate-assets investigation examines property, bank accounts, tax returns and investments linked to a power company official and relatives.
    Disproportionate-assets investigation concerns allegations that a power distribution company official and close relatives acquired movable and immovable assets beyond known sources of income. Lokayukta Police conducted searches, identified assets and bank deposits linked to the official, family members and associated business entities, and sought freezing of account transactions. The inquiry includes verification of property acquisitions, income-tax returns, and stock-market and mutual-fund investments, with further investigation pending.
    July 22, 2026
    Show AI Summary
    Farm loan waiver eligibility requires verified data, Agristack registration and Aadhaar authentication before direct transfer to loan accounts.
    The farm-loan waiver and one-time settlement mechanism applies to eligible beneficiaries whose loan data is uploaded by participating banks and verified through the scheme portal. Excluded categories include legislators, local-body office-bearers, government employees, certain income-tax payers, and specified cooperative-sector personnel. Eligible farmers must register on Agristack and complete Aadhaar authentication using their Aadhaar number or unique ID. After successful authentication, the eligible benefit is transferred directly to the loan account through the Direct Benefit Transfer system.

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      California governor asks court to block Trump administration from using troops in immigration raids

      June 11, 2025

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      Los Angeles, Jun 10 (AP) California Gov. Gavin Newsom filed an emergency request in federal court Tuesday to block the Trump administration from using the National Guard and Marines to assist with immigration raids in Los Angeles.

      Newsom's move comes after President Donald Trump ordered the deployment of roughly 4,000 National Guard members and 700 Marines to Los Angles following four days of protests driven by anger over the president's stepped-up enforcement of immigration laws.

      The governor's request said it was in response to a change in orders for the Guard.

      The filing included a declaration from Paul Eck, deputy general counsel in the California Military Department. Eck said the department has been informed that the Pentagon plans to direct the California National Guard to start providing support for immigration operations. That support would include holding secure perimeters around areas where raids are taking place and securing streets for immigration agents.

      The Guard members were originally deployed to protect federal buildings.

      It was not clear if the change in mission had begun.

      Newsom's office did not immediately say how the state was notified about the change.

      Marines have not responded to protests yet In other developments Tuesday, the Marine Corps commandant said the Marines that deployed to the Los Angeles area on Trump's orders have not yet been called to respond to the protests and are there only to protect federal officials and property, The 700 Marines and another 2,000 National Guard troops were ordered to LA on Monday, escalating a military presence that local officials and Gov. Gavin Newsom do not want and that the police chief says makes it harder to handle the protests safely.

      Marine Corps Gen. Eric Smith told a budget hearing on Capitol Hill that the battalion has not yet been sent to any protests. The Marines were trained for crowd control but have no arrest authority and are there to protect government property and personnel, he said.

      Trump left open the possibility of invoking the Insurrection Act, which authorises the president to deploy military forces inside the US to suppress rebellion or domestic violence or to enforce the law in certain situations. It's one of the most extreme emergency powers available to a US president.

      “If there's an insurrection, I would certainly invoke it. We'll see,” he said Tuesday from the Oval Office. “But I can tell you last night was terrible, and the night before that was terrible.” Trump has described Los Angeles in dire terms that Mayor Karen Bass and Newsom say are nowhere close to the truth.

      While protesters blocked a major freeway and set cars on fire over the weekend, the demonstrations in the city of 4 million people have largely been centred in several blocks of downtown.

      On Monday, they were far less raucous, with thousands of people peacefully attending a rally at City Hall and hundreds more protesting outside a federal complex that includes a detention centre where some immigrants are being held following workplace raids across the city.

      At daybreak Tuesday, guard troops were stationed outside the detention center, but there was no sign of the Marines.

      Obscene slogans directed at Trump and federal law enforcement remained scrawled across several buildings. At the Walt Disney Concert Hall, workers were busy washing away graffiti Tuesday morning.

      In nearby Santa Ana, armoured guard vehicles blocked a road leading to federal immigration and government offices. Workers swept up plastic bottles and broken glass near buildings sprayed with graffiti.

      Sending in the military is the latest step in the administration's immigration crackdown as Trump pursues the mass deportations he promised last year during the presidential campaign. The protests have been driven by anger over the stepped-up enforcement that critics say is breaking apart migrant families.

      Defence Secretary Pete Hegseth suggested Tuesday that the use of troops inside the US will continue to expand.

      “I think we're entering another phase, especially under President Trump with his focus on the homeland, where the National Guard and Reserves become a critical component of how we secure that homeland,” he said on Capitol Hill.

      Los Angeles officials say police don't need help The mayor and the governor say Trump is putting public safety at risk by adding military personnel even though police say they don't need the help.

      Los Angeles Police Chief Jim McDonnell said he was confident in the police department's ability to handle large-scale demonstrations and that the Marines' arrival without coordinating with the police department would present a “significant logistical and operational challenge.” Newsom called the deployments reckless on the social platform X. “This isn't about public safety,” the governor said. “It's about stroking a dangerous President's ego.” Protests spread across the US The protests began Friday after federal immigration authorities arrested more than 40 people across Los Angeles and continued over the weekend as crowds blocked a major freeway and set self-driving cars on fire. Police responded with tear gas, rubber bullets and flash-bang grenades.

      Demonstrations spread Monday to other cities nationwide, including San Francisco and Santa Ana, California, as well as Dallas and Austin, Texas. Authorities in Austin said police used pepper spray balls and tear gas to disperse a crowd that threw rocks and bottles at officers, injuring four.

      Los Angeles response takes stage on Capitol Hill The Pentagon said deploying the National Guard and Marines costs USD 134 million. That figure came out Tuesday just after Hegseth engaged in a testy back-and-forth about the costs during a congressional hearing.

      The defense secretary said the department has a budget increase and the money to cover the costs, and he defended Trump's decision to send the troops, saying they are needed to protect federal agents doing their jobs.

      Meanwhile, Democratic members of California's congressional delegation on Tuesday accused the president of creating a “manufactured crisis” with his orders to send in troops.

      Rep. Nancy Pelosi contrasted Trump's actions with his handling of the Jan. 6, 2021, insurrection at the US Capitol when law enforcement officers were beaten. “We begged the president of the United States to send in the National Guard. He would not do it,” Pelosi said.

      California pushes back against sending troops California Attorney General Rob Bonta filed a lawsuit over the use of National Guard troops following the first deployment, telling reporters that Trump had “trampled” the state's sovereignty. He sought an order declaring Trump's use of the Guard unlawful and asking for a restraining order to halt the deployment.

      Trump said the city would have been “completely obliterated” if he had not deployed the Guard.

      US officials said the Marines were needed to protect federal buildings and personnel, including immigration agents. A convoy of buses with blacked-out windows and escorted by sheriff's vehicles arrived overnight at a Navy facility just south of LA.

      Despite their presence, there has been limited engagement so far between the Guard and protesters while local law enforcement implements crowd control.

      Protests were peaceful Monday Thousands flooded the streets around City Hall for a union rally Monday before labor leader David Huerta was freed on a bond after he was arrested Friday while protesting the immigration raids.

      As the crowd thinned, police began pushing protesters away, firing crowd-control munitions as people chanted, "Peaceful protest.” At least a dozen people were surrounded by police and detained.

      Several dozen people were arrested throughout the weekend. Authorities say one was detained Sunday for throwing a Molotov cocktail at police and another for ramming a motorcycle into a line of officers.

      Guard deployment is a nearly unprecedented escalation The deployment appeared to be the first time in decades that a state's National Guard was activated without a request from its governor, a significant escalation against those who have sought to hinder the administration's mass deportation efforts.

      The last time the National Guard was activated without a governor's permission was in 1965, when President Lyndon B. Johnson sent troops to protect a civil rights march in Alabama, according to the Brennan Center for Justice. (AP) GSP

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