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    Department of Commerce Reviews Andhra Pradesh FCV Tobacco Marketing Season 2025–26
    Markets rally for 2nd day powered by IT stocks; Sensex ends 827 pts higher
    Phone calls from 1600 number series cannot be blocked, DND app can block calls from 140 series: Trai
    How AlgoShack Sees Software Reliability Becoming the Foundation of India's AI Economy
    Bajaj Finance Personal Loan: Understand Your Interest Rate and Repayment Options
    Rupee rises 15 paise to 95.32 against the US dollar in early trade
    DPIIT Amends Footwear Quality Control Orders to Enhance Ease of Doing Business and Strengthen Domestic Manufacturing
    Court orders cancellation of sale deed in Mundhwa land transaction
    ED uses AI-aided tools, modern forensic tech to help fraud victims, speed up probes
    Rupee rises 1 paisa to settle at 95.47 against US dollar
    TCS Q1 profit up 4.61 pc, sees West Asia-hit demand come back in 2nd quarter
    Tripura emerging as India's gateway to Southeast Asia: Scindia
    Indian embassy pitches deeper economic engagement with Chinese businesses
    Bangladesh orders reduced govt spending amid economic vulnerability
    TCS Q1 net profit rises 4.61 pc, bags new deals worth USD 9.5 bn
    Quality Council of India and National Small Industries Corporation Sign MoU to Strengthen Quality, Competitiveness and Market Access for MSMEs
    Insurance Division, DFS Secures 2nd Rank in Group A Category Grievance Redressal Assessment & Index (GRAI) for May 2026
    Merger of banks does not shield tenant from eviction under Delhi Rent Control Act: SC
    Gurugram realty fraud: Delhi court says ED summons to foreign-based son of accused invalid
    TCS Q1 net profit rises 4.61 pc to Rs 13,349 cr
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    July 10, 2026
    Show AI Summary
    FCV tobacco marketing support reviewed with focus on procurement, exports, digital reforms and grower welfare.
    Measures for the Andhra Pradesh Flue Cured Virginia (FCV) tobacco marketing season 2025-26 were reviewed in consultation with growers, manufacturers, exporters, dealers, trade associations and the Tobacco Board. The discussions focused on accelerating procurement, facilitating exports and strengthening the marketing ecosystem for FCV tobacco, while protecting growers' interests. The review also covered restructuring of the Tobacco Board, enhancement of the Growers' Welfare Fund, simplification of registration procedures, digital initiatives, AI-based grading, export market expansion and crop diversification.
    July 10, 2026
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    Equity market rally gains strength as IT earnings, easing crude prices and banking stocks lift sentiment across sectors.
    Indian equity markets extended gains for a second straight session, closing higher on broad-based buying led by information technology, banking and realty stocks. Sentiment improved on easing crude oil prices, positive global cues, stability in the rupee and better-than-expected quarterly results from TCS, which lifted confidence in the IT sector and improved demand outlook. All sectoral indices ended in positive territory, while market breadth remained positive despite continued foreign institutional investor selling.
    July 10, 2026
    Show AI Summary
    Caller identification rules for 140 and 1600 series calls limit app-based blocking, while DND registry controls promotional call preferences.
    Calls originating from the 1600 series are reserved for service and transaction communications by regulated entities and government entities, and tagging, blocking or filtering of such calls by apps is not permitted under the Telecom Commercial Communications Customer Preference Regulation. Calls beginning with the 140 series are meant for registered telemarketers, and customers may allow or block such promotional calls through the Do Not Disturb registry, including by using the TRAI DND App. App-based tagging or filtering of 140 series calls is not allowed.
    July 10, 2026
    Show AI Summary
    Software reliability as AI infrastructure drives regulated deployment, compliance readiness, and scalable autonomous testing across high-stakes sectors.
    Software reliability is presented as foundational infrastructure for India's AI economy, especially in regulated sectors such as healthcare and financial services. The text says unreliable software creates compliance, safety, and operational risks, while MedTech software is expected to align with IEC 62304 and ISO 14971 and financial services software with RBI-guided validation expectations. It also describes AI-augmented autonomous testing as a way to generate test cases from natural language, self-heal broken references, and improve coverage, cost efficiency, and deployment reliability.
    July 10, 2026
    Show AI Summary
    Personal loan interest rates and repayment tenure are shaped by credit profile, income, eligibility and repayment capacity.
    Collateral-free personal loans are offered with interest rates determined by the applicant's credit profile, income, repayment capacity, employment stability, existing obligations, loan amount, tenure and overall eligibility assessment. The loan product provides borrowing amounts from Rs. 40,000 to Rs. 55 lakh, repayment tenure from 12 months up to 108 months, and disbursal within 24 hours after approval and verification, subject to terms and conditions.
    July 10, 2026
    Show AI Summary
    Rupee strength against the US dollar reflects weaker greenback, softer oil prices and bank-led support amid market volatility.
    The rupee opened stronger against the US dollar in early interbank trade, supported by a weaker greenback, easing crude prices and a firm domestic equity market. Traders said dollar selling by state-run banks, widely viewed as intervention on behalf of the Reserve Bank of India, helped the currency move above the 95.50 level, while foreign institutional outflows and West Asia tensions continued to weigh on sentiment.
    July 10, 2026
    Show AI Summary
    Footwear quality control amendments extend stock clearance and permit limited R&D sample imports for manufacturers.
    Amendments to the footwear Quality Control Orders extend the legacy stock clearance timeline from 31 July 2026 to 31 July 2027 and create an exemption for import of footwear samples for research and development and other non-commercial purposes. Manufacturers may import up to 4,500 pairs annually, subject to prominent marking and embossing with "NOT FOR SALE", prohibition on commercial sale, disposal as scrap after use, and maintenance of year-wise records for production to the Government when required.
    July 9, 2026
    Show AI Summary
    Cancellation of registered sale deed follows admission of unpaid consideration and no possession in disputed land transaction.
    Cancellation of registered sale deed was ordered in a disputed land transaction, with the court declaring the conveyance void ab initio, inoperative from the beginning and of no legal effect. The court directed correction of registration records and held that the purchaser would have no right, title or interest in the property after cancellation. It recorded that execution was admitted, but consideration had not been paid and possession had never been delivered, while leaving open the possibility of refund of stamp duty if permissible under law.
    July 9, 2026
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    Artificial intelligence and forensic analytics are accelerating fraud restitution and complex money laundering investigations through better verification and tracing.
    Artificial intelligence-assisted tools are being deployed to identify rightful claimants in large-scale fraud cases, automate claims and disbursement, and improve verification, speed, and accuracy in asset restitution. Modern forensic technology and data analytics are also being used in complex money laundering and cross-border financial crime investigations involving shell companies, nominee directors, benami property chains, cryptocurrency wallets, mule accounts, offshore entities, and interlinked trusts.
    July 9, 2026
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    Rupee volatility and Reserve Bank of India intervention shape currency trading amid stronger dollar and crude oil pressures.
    The rupee appreciated marginally against the US dollar, supported by recovery in domestic equity markets and dollar selling by state-run banks, which market participants believed reflected Reserve Bank of India intervention. The currency remained pressured by firmer crude oil prices, a stronger greenback in overseas markets, and renewed geopolitical tensions in West Asia, with traders expecting elevated volatility to persist.
    July 9, 2026
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    AI-driven demand and backlog recovery shape TCS quarterly growth outlook amid margin pressure and strong deal wins.
    TCS reported a rise in June-quarter net profit and revenue, while saying demand was sluggish because of geopolitical disruption and some client deferrals. Management expects demand to resume in the ongoing quarter as customers work through a technology backlog. The company also cited AI-related investments, strong deal conversion, wage-driven margin pressure, continued hiring and attrition trends, and growth in India revenues alongside weaker performance in some geographies and business segments.
    July 9, 2026
    Show AI Summary
    Act East policy positions Tripura as a gateway to Southeast Asia, boosting trade, investment and regional connectivity.
    Tripura is described as emerging as a strategic gateway to Southeast Asia under the Act East policy, with the Northeast positioned as a growing engine of trade, investment and regional connectivity. The commentary highlights Tripura's location at the crossroads of connectivity and commerce, its access to the ASEAN market, and its readiness to attract long-term investment through expanding infrastructure and institutional support. The note also identifies sectoral opportunities arising from Tripura's strengths in bamboo and natural rubber, with potential for manufacturing, food processing, value addition, logistics, exports and technology-driven industries. Major connectivity and trade-enabling projects are presented as key initiatives supporting export access to Southeast Asia and the Bay of Bengal.
    July 9, 2026
    Show AI Summary
    Economic engagement and investment facilitation shape outreach to Chinese businesses as trade ties and pharmaceutical access are discussed.
    Indian diplomatic outreach to Chinese businesses has focused on facilitating deeper economic and commercial engagement with India, including support for Chinese investment opportunities as bilateral relations move toward normalisation. The embassy has indicated willingness to help investors navigate entry into the Indian market, address concerns, and provide greater assistance for investment facilitation, alongside recent easing of restrictions on Chinese investments. Trade discussions have also emphasized expanding Indian pharmaceutical exports to China and improving market access for Indian manufacturers of generic medicines.
    July 9, 2026
    Show AI Summary
    Government spending restraint curbs public expenditure and travel as inflation and growth pressures test macroeconomic stability.
    Bangladesh has introduced austerity measures to restrain government expenditure amid persistent inflation, slower growth and pressure on the banking system. The restrictions cover cuts in public spending, procurement of motor vehicles, air and water craft, and foreign travel by officials. The directive applies across ministries, agencies, autonomous bodies, state-owned enterprises, statutory organisations, public sector corporations, state-owned companies and financial institutions to ensure prudent use of limited public resources and support macroeconomic stability.
    July 9, 2026
    Show AI Summary
    AI-led transformation and strong deal wins drive TCS quarterly growth despite margin pressure and mixed geographic performance.
    TCS reported higher quarterly net profit, revenue and net income for the June 2026 quarter, while operating margin declined due to wage hikes and fresh investments. The company said growth was supported by demand for AI-led transformation, modernisation, cybersecurity, sovereign cloud and platform simplification, and disclosed new deals with a total contract value of USD 9.5 billion, including a major AI-led transformation engagement.
    July 9, 2026
    Show AI Summary
    MSME quality and market access get a boost through a joint certification, accreditation and digital commerce framework.
    Quality Council of India and National Small Industries Corporation Limited entered into a Memorandum of Understanding to strengthen quality, competitiveness and market access for Micro, Small and Medium Enterprises through a unified support framework. The collaboration integrates ZED Certification, MSME Global Mart, the TEAM Initiative and the Single Point Registration Scheme to expand digital commerce access, export promotion, testing and accreditation support, and capacity-building for MSMEs and training institutions. A Joint Coordination Committee will oversee implementation during the five-year tenure of the MoU.
    July 9, 2026
    Show AI Summary
    Grievance redressal performance improves as financial services divisions rank high and expand complaint review and transparency measures.
    The Department of Financial Services has remained among the top 10 ministries and departments in grievance redressal rankings, with the Insurance Division securing 2nd rank in Group A for May 2026 and the Banking Division ranking 6th. The Department is also conducting direct review of selected grievances and workshops on an effective grievance redressal framework to improve complaint resolution, transparency, and customer trust.
    July 9, 2026
    Show AI Summary
    Landlord consent requirement prevails over bank amalgamation in eviction disputes under rent control law.
    Amalgamation of a tenant bank with another bank does not displace the requirement of written consent of the landlord under the Delhi Rent Control Act where the tenant has been assigned or has parted with possession of the premises. A banking scheme of amalgamation cannot override the rent control protection against subletting, assignment, or parting with possession without consent, and an involuntary merger does not confer immunity from the landlord-consent requirement.
    July 9, 2026
    Show AI Summary
    Valid service of summons on a foreign national requires due process, not deemed service at a relative's address.
    Service of summons at an accused person's residence in India cannot be treated as valid or deemed service on his son who is a foreign national, is not an accused in the predicate offence or the money-laundering case, and has not resided at that address since 2017. The Enforcement Directorate was required to follow the procedure prescribed by law for serving a person living abroad, and service at the applicant's address was non est in law.
    July 9, 2026
    Show AI Summary
    Quarterly profit growth at TCS reflects rising revenues, stronger net income and continued employee expansion despite headwinds.
    TCS reported a rise in quarterly net profit for the June 2026 quarter, with net profit, net income and revenues all showing year-on-year growth. The company also recorded a sequential increase in revenue from the previous quarter and added over 9,200 employees during the three-month period ending 30 June 2026.

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      AGMS 2025 & AGMA 2025 Conclude with Global Voices and Vision for a Sustainable Maritime Future

      July 5, 2025

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      Chennai, Tamil Nadu, India – Business Wire India The AMET Global Maritime Summit (AGMS) 2025 and the AMET Global Maritime Awards (AGMA) 2025, jointly organized by the Dr. J. Ramachandran Maritime Foundation and AMET University, successfully concluded on July 2, 2025, at the Anna Centenary Library Auditorium, Kotturpuram, Chennai. This flagship event convened over 1200 delegates from more than 15 countries, representing academia, industry, policy-making, and maritime leadership, underscoring its stature as a key international forum advancing maritime discourse, innovation, and sustainability.

      Summit Theme and Objectives The summit was held under the inspiring theme “Sailing Towards Sustainability – Navigating the Future of the Maritime Industry,” reflecting a collective commitment to addressing critical challenges facing the maritime sector. Key thematic areas included: • Green Shipping and alternative energy sources such as methanol and green hydrogen • Maritime Education and Training with emphasis on emerging skill sets and soft skills • Seafarer Wellbeing, including mental health and onboard safety • Digital Transformation with AI, automation, and smart maritime operations • Ocean Sustainability and alignment with United Nations Sustainable Development Goals (SDG 4: Quality Education and SDG 13: Climate Action) Inaugural Ceremony The event commenced with a traditional Tamil Thai Vazhthu invocation, establishing an atmosphere of respect and unity. The welcome address by Capt. K. Karthik, Principal of the AMET Institute of Science and Technology, emphasized the importance of bridging academic knowledge with practical industry needs, particularly in sustainability.

      Prof. Dr. V. Rajendran, Vice-Chancellor, introduced the dignitaries, followed by the presidential address of Dr. J. Ramachandran, Founder-Chancellor of AMET University. Dr. Ramachandran highlighted the university’s strategic partnerships, including the Maersk Centre of Excellence and a new collaboration with Arizona State University for joint UG and MBA programmes integrating maritime studies and AI.

      The Chief Guest, Capt. Mohan Naik, Director of Dynacom Tankers Management Pvt Ltd, underscored the imperative of embedding sustainability in every maritime operation—from ship recycling to autonomous navigation—and stressed mental health support as essential for seafarer wellbeing. He called upon maritime institutions to prepare cadets for rapidly evolving technologies and regulatory frameworks.

      As Guest of Honour, Capt. Karan Kochhar, Head of Marine People (Asia), Maersk Fleet Management, praised AMET’s legacy in training seafarers and highlighted the central role of people, especially young cadets, in driving sustainable maritime innovation. He urged the cadets to embody resilience and humility as future maritime leaders.

      A special address by Dr. Rajesh Ramachandren, President of AMET University and Chairman of the Foundation, emphasized the need for a balanced maritime future integrating technology, environmental stewardship, social inclusion, and international collaboration.

      A landmark moment was the signing of an MoU between AMET University and Arizona State University, launching joint academic initiatives such as integrated UG (4+1) degrees, dual-campus MBA programmes, and executive courses aimed at developing future-ready maritime professionals.

      The inaugural ceremony concluded with a vote of thanks by Dr. V. Sangeetha Albin, Registrar of AMET University, who expressed gratitude to all participants and partners.

      Panel Discussions and Technical Sessions AGMS 2025 featured a dynamic series of panel discussions and technical sessions designed to foster interdisciplinary dialogue: • Panel I: “Will Humanities and Soft Skills Training Result in More Competent Officers?” Moderated by Ms. Harjeet Kaur Joshi, former CMD of Shipping Corporation of India, this session highlighted how empathy, communication, and cultural sensitivity are essential leadership qualities. Panelists advocated integrating maritime psychology and environmental ethics into curricula to enhance crew welfare and operational effectiveness.

      • Panel II: “Legal Recourses for Harassment at Sea – A Case Study Approach” Led by advocate Ms. S. Priya of Venki’s Law, Mumbai, the discussion focused on harassment issues at sea, legal frameworks, and organizational responsibilities. Emphasis was placed on creating psychologically safe environments and enforcing comprehensive anti-harassment policies aligned with national and international maritime laws.

      • Panel III: “Can Social Media Save the Seas?” Moderated by C/E Sridhar V, CTO of Maritime EdTech Academy, this unique panel included four AMET cadets who debated the dual-edged impact of social media. They underscored its potential for raising awareness and improving communication while cautioning against misuse and advocating structured digital literacy in maritime training.

      Concurrent to the panels, four technical tracks addressed critical maritime domains: 1. Maritime Education for a Sustainable Future: Curriculum innovation, competency-based learning, and pedagogy evolution 2. Digital Transformation & Smart Maritime Operations: AI, digital twins, ship automation, and navigational technology 3. Innovation & Sustainability in Maritime Practice: Alternative fuels, carbon reduction, and green logistics 4. Blue Economy, Ocean Health & Policy Integration: Marine biodiversity, ocean governance, and India’s strategic maritime role Over 120 research papers and presentations were delivered, showcasing cutting-edge maritime scholarship and reinforcing AMET’s role as a knowledge hub.

      Valedictory Ceremony and AGMA Awards 2025 The valedictory session was graced by Mr. David Eggleston, Deputy Consul-General of Australia, Chennai, as Chief Guest. Presided over by Dr. Rajesh Ramachandren, the session included the welcome address by Dr. Deepa Rajesh, Vice President (Academics), AMET University.

      Dr. Rajesh Ramachandren’s valedictory address stressed the urgent need for technological upgradation to meet global maritime challenges and reaffirmed AMET’s commitment to producing highly skilled, resilient seafarers ready for future demands.

      Col. Dr. G. Thiruvasagam, Provost of AMET University, presented the Jury Report for AGMA 2025, highlighting a rigorous international selection process under the chairmanship of Prof. Gabriel Raicu (Romania) and Dr. Stephen Hurd (Australia). The awards recognize outstanding achievements in three categories: Individual, Institutional, and Startup/Innovation, judged on leadership, educational impact, innovation, and SDG alignment.

      Award Recipients: • AGMA Maritime Leadership Award (Founder-Chancellor Nomination): Capt. Anmol Kumar Srivastava, Jawaharlal Nehru Port Authority, Mumbai, honored for heroic rescue of 57 lives during the Mumbai ferry disaster.

      • AGMA Maritime Leadership Award: Dr. Boyan Kirilov Mednikarov, Bulgaria – For transformative leadership in naval education.

      • AGMA Young Maritime Leadership Award: Mr. R. S. Lakshmi Balaji, Chennai – For pioneering integration of technology in maritime training.

      • AGMA Maritime Excellence Award: Centro Universitario di Studi sui Trasporti Euromediterranei (CUST Euromed), Italy – Recognized for contributions to maritime education and sustainable logistics.

      • AGMA Maritime Innovation Award: Dr. Karthik Ramachandran, Chennai – For marine biotechnology innovations supporting sustainable aquaculture.

      The awards were presented by Mr. Eggleston, Prof. Adam Weintrit (Chair, IAMU), and Dr. J. Ramachandran.

      Mr. Eggleston lauded Capt. Srivastava’s bravery and highlighted growing India-Australia collaboration in maritime security, clean energy, and education.

      Conference Report and Best Paper Awards Dr. T. Sasilatha, AGMS 2025 Technical Coordinator, reported over 120 scholarly articles presented across the four technical streams. Best Paper Awards recognized exceptional research contributing to maritime knowledge and innovation.

      Closing Remarks Founder-Chancellor Dr. J. Ramachandran expressed deep appreciation to awardees, jurors, faculty, and organizers. He emphasized AMET’s vision of global maritime excellence rooted in sustainability, innovation, and social responsibility. He warmly congratulated Capt. Srivastava and urged continued nurturing of maritime leadership. Dr. Ramachandran also encouraged enhanced educational ties with Australia, citing ongoing collaborations with Monash University in AI and Data Science.

      The event concluded with a vote of thanks by Capt. V. Chandrasekar, Principal of AMET City College, followed by the national anthem.

      About the Organisers • AMET University is India’s first dedicated maritime university, renowned globally for maritime education, research, and international partnerships.

      • The Dr. J. Ramachandran Maritime Foundation advances maritime education, policy, innovation, and leadership through platforms like AGMS and AGMA.

      To View the Image, Click on the Link Below: Release of proceedings of the AMET Global Maritime Summit 2025 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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