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    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
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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
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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
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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
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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
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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
Show AI Summary
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.
July 30, 2026
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Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.

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Top 10 Leaders Empowering Future Generations Unveiled by Kiteskraft Productions LLP

June 30, 2025

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CHANDIGARH, India, June 30, 2025 /PRNewswire/ -- India's growth narrative is being powered by visionary leaders whose forward-thinking strategies and transformative leadership are redefining the nation's future. Top 10 Leaders Empowering Future Generations, an initiative by Kiteskraft Productions LLP, honors these trailblazers, changemakers, and pioneers who are revolutionizing industries and driving meaningful societal change. With bold ideas, unwavering dedication, and impactful contributions, they are not only empowering communities but also building the foundation for a more inclusive, dynamic, and progressive India.

Dr. Er. Ratnesh Gupta: Dr. Er. Ratnesh Gupta Ji is currently serving as the Training Officer at Govt. ITI Datia and holds multiple key roles including Junior Apprentice Advisor, Nodal Training & Placement Officer, District Incharge for the World Skill Competition, and Master Trainer under the Assembly Level Master Trainer program. As a member of the DM's 22 Commissions Team in Datia, he is actively contributing to community development and vocational excellence.

An academic achiever and former Director of GATEIIT Academy, he has led several training and development initiatives across Madhya Pradesh. His literary contributions are equally noteworthy — his book 'Aisa Desh Hai Mera' earned him the Indian Literature Award and the Bharat Kavya Ratna Samman, and he was recently named Best Poet of the Year 2025.

Dr. Gupta is the visionary behind the education app "Ratnesh Classes", and aspires to build it into a leading ed-tech platform. His work has earned him prestigious honors, including the Visionary Indian Award, Best Teacher Educator, and Most Inspiring Social Worker of the Year 2025.

Ar. Deepthi Peshkar: A Visionary in Sustainable Interior Design Ar. Deepthi Peshkar is a distinguished architect, interior designer, and academician, known for her contributions to sustainable and innovative design. As the founder of Shri Dhaatri Architects and Interior Designers in Hyderabad, she has led the firm successfully for over six years, offering expertise in interior design, architecture, and landscape design.

With a Master's degree in Architecture specializing in Interior Design from J.N.T.U., Hyderabad, and over 15 years of professional and academic experience, Ar. Peshkar blends creativity with practical insights. Her designs reflect a deep commitment to green buildings and sustainability, earning her the prestigious IGBC Accredited Professional status.

She is a registered architect with the Council of Architecture (CoA-INDIA), an associate member of the Indian Institute of Architects (IIA), and a registered associate member of the Institute of Indian Interior Designers (IIID).

Passionate about academia-industry collaboration, Ar. Peshkar continues to influence emerging designers while staying at the forefront of eco-conscious architecture. Her work stands as a testament to dedication, innovation, and sustainability in modern design.

Dr. Kiran Thakur: A Visionary Leader in Journalism, Banking, and Social Service Dr. Kiran Thakur is a dynamic leader whose impactful career spans journalism, cooperative banking, education, and social work. Beginning his journalistic journey in 1968, he rose to become Editor of Tarun Bharat, one of Maharashtra, Goa & Belgaum's leading dailies with eight editions. Under his visionary leadership, the newspaper embraced modern technology and grew its readership to over 1.5 million.

As the Founder Chairman of Lokmanya Multipurpose Co-op Society, Dr. Thakur steered its growth to over 213 branches across India. His pioneering work in cooperative banking earned him several honors, including the Rotary Leadership Award.

Deeply committed to education, he has led institutions like the South Konkan Education Society , Tarun Bharat Trust and Lokmanya Education Society, positively impacting thousands of students. His philanthropic initiatives through the Lokkalp Foundation (CSR) include 32 village adoption, youth festivals, and vital community services.

Dr. Thakur's contributions have been recognized with prestigious awards such as the Dr. N. B. Parulekar Award and an honorary D.Litt from Tilak Maharashtra Vidyapeeth. His life's work reflects a legacy of innovation, empowerment, and dedicated service to society.

Er. Jitendra Attri: ATTRICO TOOLS AND EQUIPMENTS PVT. LTD – BRAND OF THE YEAR 2025 Attrico Tools and Equipments Pvt. Ltd. has rapidly risen to prominence as a trailblazer in India's industrial tools and equipment sector. Under the visionary leadership of its MD & CEO, Er. Jitendra Attri, the company has been honored as the "Brand of the Year 2025", marking a milestone in its journey of excellence and innovation. Specializing in advanced material handling systems, industrial tools, and heavy machinery, Attrico plays a pivotal role in supporting large-scale manufacturing and infrastructure development across the country.

With an expansive sales and service network, the company has secured high-value contracts from leading national giants such as NTPC, BHEL, TATA, RELIANCE, ADANI, ULTRATECH, and the BIRLA Group. Renowned for its reliability, technical expertise, and timely project execution, Attrico continues to raise industry standards.

As it builds on its legacy of trust and performance, the company remains focused on its goal to become India's No.1 tools and equipment supply brand by 2026, powered by innovation and customer-centric strategies.

Dr. Rupali Singh: A Visionary in Academia and Corporate HR Dr. Rupali Singh is an accomplished academician and HR strategist, currently serving as Director and Professor at Atmiya University, Rajkot. With over 18 years of experience in higher education, corporate advisory, research, and policy development, she is a key figure in driving digital transformation in academia.

She holds a Ph.D. in Management from MNNIT Allahabad and a D.Litt. in HR from France, along with executive education from IIM Bangalore. As a Certified Independent Director, Dr. Singh advises corporate boards on governance, talent strategy, and institutional innovation.

Her excellence has been recognized with over 25 awards, including Bharat Gaurav Ratna, Bhartiya Naari Ratna, Humanitarian Excellence Award, Leadership Excellence Award, and The Times Award. She was also nominated for the Padma Shri in 2024 and invited to the Rashtrapati Bhawan for a national round table.

A prolific writer and dedicated mentor, Dr. Singh credits her success to her supportive husband and family.

She can be reached at: [email protected]| [email protected] Vijayasarswathy: Vijayasarswathy is an inspiring educationist and leader dedicated to empowering students and professionals. As Founder and Executive Director of Victory Pathways, she has positively impacted over 12,000 individuals through transformative educational solutions. Serving as Academic Director at Eduverse International, she boosted study abroad program participation by 30% with innovative program designs and, as an Overseas Education Consultant, successfully placed over 5,000 students in international universities. At Mahatma Global Gateway, she enhances career development initiatives, increasing internship placements by 30% in the first semester and improving job readiness scores by over 40%. Her resume and interview workshops raised successful job applications by 25%, while her partnerships with local businesses improved the university's placement rate by 15% within a year. With experience as an IB University Career Counselor and corporate trainer, she excels in curriculum development, counseling, and soft skills training. Her dedication continues to shape countless academic and professional journeys.

Dr. Soma Goho : Dr. Soma Goho – Visionary Educator & Child Development Pioneer Dr. Soma Goho is an Indian educator, author, and founder-director, widely recognized for her innovative work in empowering children through soft skills, brain development, and entrepreneurship training. She founded Promise Your Child for a Better Future, a pioneering initiative dedicated to unlocking the potential of young minds through cognitive and behavioral programs.

Her efforts span education, entrepreneurship, and brain science, establishing her as a leading force in personal and professional development for India's youth. Under her leadership, Promise Centre of Education has grown to over 60 centers across West Bengal, reaching 5,000+ children annually with personalized programs.

A former leather export professional, Dr. Goho's global exposure highlighted gaps in structured child development in India. This insight fueled her mission to create inclusive, future-ready learning models.

Her contributions include launching India's first digital abacus, and collaborating with universities in Canada, the UK, and Australia, opening international academic avenues.

Awarded by Assocham and Franchise India, Dr. Goho's journey exemplifies innovation, women's empowerment, and visionary leadership in education.

Dr. Arihant M Taleda: Dr. Arihant M Taleda – Pioneering Innovation with Purpose Dr. Arihant M Taleda has established itself as a dynamic force in the pharmaceutical industry, recognized for its unwavering commitment to delivering affordable, high-quality healthcare. Founded on the pillars of compassion, integrity, and ethical responsibility, the company specializes in producing generic medicines that adhere to stringent international standards of safety and efficacy.

Blending scientific innovation with traditional Ayurvedic wisdom, the company provides a range of cost-effective, holistic treatment solutions aimed at addressing diverse health needs. Its vision extends far beyond profit margins—by organizing health awareness campaigns, free medical camps, and community outreach initiatives, it continues to positively impact underserved populations.

Dr. Arihant M Taleda also champions environmental sustainability through eco-conscious operational practices and green manufacturing methods. With a growing global footprint, the company is expanding its reach into international markets while maintaining a strong foundation rooted in ethics, quality, and social responsibility. Its continued pursuit of excellence positions it as a forward-thinking brand leading the way in responsible pharmaceutical innovation.

Mrs. Priyabhashni Pathak: Born on October 1, 1972, in Bareilly, Uttar Pradesh, Mrs. Priyabhashni Pathak is a dynamic personality whose journey reflects dedication and versatility. She holds a postgraduate degree in Economics and law degrees including an LLB in Criminal Law and an LLM in Corporate Law. Since 1999, she has served as a Panel Lawyer for national and private banks, while also mentoring aspiring legal professionals. Her accomplishments go beyond law—she has participated in national beauty pageants, winning titles like Mrs. Bareilly, Mrs. Uttar Pradesh, and Mrs. India (Divine), exemplifying elegance and confidence. She is also a trained Kathak dancer, fitness enthusiast, and passionate gardener. Deeply committed to social causes, she serves as Vice-President of Pashu Poshan Kalyan Samiti, working actively for animal welfare. Notably, she has donated blood over 20 times in recent years. Mrs. Pathak's multifaceted life stands as a powerful example of how professional excellence and social responsibility can go hand in hand, inspiring others to pursue their passions with purpose.

Prof. (Dr.) Tapas Kumar Sar:– A Trailblazer in Pharmacology and Toxicology Prof. (Dr.) Tapas Kumar Sar, DSc, is a distinguished academic and researcher in Pharmacology and Toxicology with over 20 years of experience. He is renowned for pioneering work in combating antimicrobial resistance (AMR) through innovative herbal-antibiotic formulations. His research is published in reputed journals like Scientific Reports, Journal of Agricultural and Food Chemistry, Phytomedicine Plus, Biomedical and Biopharmaceutical Research, and European Journal of Drug Metabolism and Pharmacokinetics. He holds an international patent for his contributions to pharmacology and toxicology and received the Best Doctor Award 2025. As a Ph.D. supervisor, he has mentored numerous scholars and serves on the editorial boards of prestigious journals. He is also a Bentham Science Ambassador and World Research Fellow. Prof. Sar was named Innovative Professor of the Year by the Global Chamber of Consumer Rights and featured among the Top 10 Teachers in India by Adreneur Consultancy Solutions. As an accomplished author, he received the International Star Author Award 2025 for his literary contributions.

About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more.

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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