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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
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    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
    Show AI Summary
    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
    Show AI Summary
    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
    Show AI Summary
    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.

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      Liebherr commences production of it’s Fully Integrated appliances outside Europe

      June 25, 2025

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      Liebherr Appliances India unveils its first Made-in-India Fully Integrated Refrigerator range; global and India leadership inaugurate the launch in Mumbai Mumbai, June 25, 2025… Liebherr Appliances India, the subsidiary of the globally renowned €14.6 billion Liebherr Group known for its innovation & precision engineering. Liebherr Appliances India today, announced the official launch of its first-ever Made in India Fully Integrated (FI) Fridge, Freezer & Combination. Liebherr Appliances, part of the globally renowned Liebherr Group, is present in over 100 countries, with five major production facilities located in Germany, Austria, Bulgaria, Malaysia, and India, serving both residential and commercial markets.

      Representing the next generation of refrigeration technology of Liebherr seamlessly blends into modern luxury kitchens, combining minimalist design, precision German engineering, and advanced cooling intelligence. This marks the brand’s foray into a high-growth segment that caters to the discerning Indian consumer who prioritises both form and function.

      As one of the world’s fastest-growing economies, India continues to be a strategic priority for global consumer goods brands, particularly in the premium segment. Recognising the potential of the Indian market as one of the largest and fastest-growing economies, with rising disposable incomes and an increasing aspiration for enhanced lifestyles. This move underscores the company’s long-term commitment to the Indian market and reflects its confidence in the evolving aspirations of Indian consumers. There’s immense opportunity in the Built-in Fully Integrated product category with benefits—ranging from innovative space optimisation to customisation for personal taste and needs, all while delivering a premium kitchen aesthetic. This category is poised for exponential growth in India as there is clearly a growing demand for this product category. In Europe this segment is more than 20% of overall market.

      To commemorate the launch, an exclusive, experience-led event was held at Liebherr Appliances’ Mumbai Experience Liebherr appliances: Innovation and quality, Powai bringing together global and India leadership in the presence of key dealers. The event featured immersive product showcases, curated interactions with experts, and luxury hospitality, befitting the sophistication of the product. The highlight of the event was the presence of Ms. Stéfanie Wohlfarth, Vice President of the Administrative Board, Liebherr Appliances, Mr. Steffen NAGEL​ ; Managing Director Sales and Marketing Appliance Division ​, Mr. Roman Schaefer, Head of Business Area India – Liebherr Appliances and Mr. Kapil Agarwal, Managing Director – Sales, Liebherr Appliances India.

      Speaking at the launch, Ms. Stéfanie Wohlfarth, Vice President of the Administrative Board, Liebherr Appliances said, “We are proud to launch the Fully Integrated (Built-in) product category in India— which is one of the world’s most dynamic and rapidly growing markets. At Liebherr Appliances, our global vision is deeply rooted in precision engineering, timeless design, and purposeful innovation. India’s growing appetite for premium and high-performance appliances aligns perfectly with our brand values. As we expand our global footprint, India holds strategic importance for us—not only as a market of immense potential but also as a place where we can truly connect with discerning consumers seeking both quality and sophistication in their everyday lives.” Mr Steffen NAGEL, Managing Director Sales and Marketing Appliance Division – Liebherr Appliances, further added, “Liebherr has been present in India for several years now, and it’s been truly encouraging to witness how well the market has adapted to our brand and innovations. The positive response to our innovation, single door and top mount models, reaffirmed the evolving preferences of Indian consumers. Now, we are excited to introduce the very core of Liebherr’s excellence—our premium European range. This launch marks a significant step in bringing the best of Liebherr’s engineering and design legacy to India, a market that continues to grow in both scale and sophistication.” Liebherr Appliances India is targeting a discerning customer base—individuals who value refined living, design-forward homes, and technological convenience. The brand’s fully integrated refrigeration range merges form and function, allowing premium consumers to achieve both aesthetic sophistication and everyday practicality in their kitchens.

      India is the only country outside Europe where Liebherr manufactures Fully Integrated refrigerators, highlighting the brand’s commitment to this fast-growing market. All models have been tropicalised to withstand India’s extreme and varied climatic conditions — a vital innovation for optimal performance, cooling consistency, and energy efficiency. With manufacturing based in Sambhajinagar, Liebherr aims to revolutionised the premium built-in segment by offering immediate availability of high-end products — a first in the category earlier dominated by long import lead times.

      Kapil Agarwal, Managing Director – Sales, Liebherr Appliances India, shared “We are launching Liebherr Appliances' Fully Integrated range in India with the widest portfolio available in the market. What sets us apart is that our products will be available as ready stock, ensuring immediate access for consumers without the wait for imports. All products confirm new BIS norms, backed by the strongest service and distribution network in the country. With this approach, not only do we make premium kitchen solutions more accessible, but we also ensure that after-sales service is seamless. We’re confident that adaptation of this category will be far smoother, as our offerings are tailored to meet the evolving needs of Indian consumers.” Tropicalised Liebherr appliances feature enhanced compressors, reinforced insulation, and optimised cooling systems. These modifications not only ensure consistent performance in ambient temperatures but also boost energy efficiency and extend product life. In India, tropicalisation is not a luxury—it’s a necessity. The company has engineered every detail to meet these functional demands while maintaining our signature design and quality standards. The launch is backed by a high-impact marketing campaign spanning print, electronic, digital, and influencer platforms, along with immersive retail and design studio activations.

      The Fully Integrated (FI) refrigerator segment in India represents a fast-growing niche within the premium appliances market, driven by the rise of modular kitchens, luxury housing, and smart-home adoption. Fully integrated refrigerators—designed to blend seamlessly into cabinetry—are gaining traction among affluent urban consumers and high-end developers. Fully Integrated refrigerators category is witnessing double-digit growth, with strong potential in Tier-1 and emerging metro markets as premiumisation and design-led kitchen planning gain momentum.

      About Liebherr Appliances India Liebherr Appliances India is part of the global Liebherr Group — a diversified industrial conglomerate with a multi-billion-dollar valuation and operations across 13 product segments in over 100 countries. As a global leader in refrigeration and engineering excellence, Liebherr operates five state-of-the-art manufacturing facilities worldwide, including its dedicated Indian plant in Sambhaji Nagar.

      In India, Liebherr Appliances has steadily built a strong position in the premium refrigeration category, particularly in the Direct Cool (DC) and Top Mount (TM) segments. With an expanding portfolio, Liebherr has aligned its offerings with the evolving needs of Indian households, combining European precision with features specifically designed for Indian usage patterns.

      Building on this momentum, Liebherr Appliances India has significantly expanded its product range. The Top Mount portfolio has grown to 32 SKUs with 10 finishes, introducing innovations like lever-handle effortless door opening and Hot to Cool technology that allows safe storage of freshly cooked food. In the Direct Cool segment, Liebherr has expanded to 69 SKUs across multiple capacities, featuring hands-free opening that enhances multitasking convenience.

      The launch of its fully integrated European range marks a key milestone in bringing Liebherr’s global design and technology leadership to India. Focused on discerning consumers who seek aesthetic refinement, intelligent functionality, and sustainable performance, Liebherr Appliances India continues to elevate everyday living with its premium, engineering-led refrigeration solutions.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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