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    IDFC FIRST Bank Q1FY27 Results: Highest Ever PAT of ₹1,075 Crore, Up 132.4% YoY
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    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
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    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
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July 25, 2026
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Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
July 25, 2026
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Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
July 25, 2026
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Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
July 25, 2026
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US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
July 25, 2026
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Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
July 25, 2026
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Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
July 24, 2026
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Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
July 24, 2026
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Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility.
Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
July 24, 2026
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Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
July 24, 2026
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Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
July 24, 2026
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Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
Foreign exchange market conditions saw the rupee recover against the US dollar amid reports of Reserve Bank of India intervention and dollar sales by public-sector banks to limit further depreciation. Foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions, and elevated crude oil prices continued to pressure the currency. A decline in crude prices, diplomatic engagement, and central-bank intervention were identified as potential stabilising factors.
July 24, 2026
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Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.
July 24, 2026
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One District One Product strengthens district product branding, market access, food-processing support and export-oriented value chains.
The One District One Product initiative supports district-identified products through branding, market access, exhibitions, capacity building and Government e-Marketplace onboarding. States and Union Territories select products and may leverage Central and State schemes, as no district-specific allocation is made. PM Ekta Malls and the PMFME Scheme support sales, food-processing projects, common infrastructure, branding, packaging, quality standardisation and food-safety compliance. Districts as Export Hubs promotes export-potential products through export committees, action plans and value-chain coordination.
July 24, 2026
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Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
Services export promotion combines targeted market and sector strategies, removal of domestic impediments, trade agreements and export-promotion activity. Free Trade Agreements secure market access and national treatment for Indian service suppliers, support transparent and time-bound authorisation processes, and facilitate temporary mobility of skilled professionals. Mutual Recognition Agreement provisions seek recognition of qualifications and licensing requirements. The framework also addresses social-security coordination, student mobility, traditional medicine and double-taxation commitments for IT services. The Services Export Promotion Council supports market development, trade facilitation, capacity building and international outreach.
July 24, 2026
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Free trade agreement negotiations advance as India and Israel address market access, origin rules, customs facilitation and economic cooperation.
India and Israel completed the second round of negotiations for a proposed Free Trade Agreement under the Terms of Reference signed in November 2025. Technical discussions covered trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, intellectual property rights, customs procedures, trade facilitation and economic cooperation. Both sides sought to narrow gaps, identify areas of convergence and work towards early conclusion of a balanced, comprehensive and mutually beneficial agreement.
July 24, 2026
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Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
Visa Principal Membership enables Glomo to operate as a direct non-bank acquirer for Visa-powered merchant card payments through GIFT IFSC. It allows direct management of merchant acquisition, processing, settlement, transaction approval optimisation, fraud and risk monitoring, and dispute and chargeback handling without intermediary acquirers. The arrangement is intended to accelerate onboarding and processing, enhance control over risk policies and merchant experience, and support cross-border acceptance and settlement, including management of multiple currencies, banking systems and regulatory requirements.
July 24, 2026
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Foreign exchange reserves rose as foreign currency assets increased, while gold reserves fell and IMF reserve position declined.
Foreign exchange reserves increased during the reported week, principally because foreign currency assets rose, including valuation effects from movements in non-US currencies held in reserve. Gold reserves declined, Special Drawing Rights increased, and the reserve position with the International Monetary Fund decreased. Earlier reserve declines were associated with rupee pressure and foreign-exchange market intervention through dollar sales.
July 24, 2026
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Consumer electronics financing enables instalment purchases of affordable earbuds through in-store loan and reusable credit facilities, subject to approval.
Affordable Boult earbuds are described as offering extended battery life, fast charging, dynamic drivers, low-latency gaming modes, Environmental Noise Cancellation, Bluetooth connectivity, and selected active noise-cancellation features. Models are compared by audio, calling, gaming, and charging specifications. Purchases through partner stores may be financed through an Easy EMI Loan or Insta EMI Card, subject to in-store application and approval, with instalment tenures and possible zero-down-payment offers on selected models.
July 24, 2026
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Trade-tariff concerns and oil-price volatility deepen risk aversion, extending equity market losses amid geopolitical tensions and foreign outflows.
Indian equity markets extended their losing streak amid caution over United States trade-tariff concerns, West Asia tensions, oil-price volatility, foreign equity outflows and selling in selected blue-chip shares. Higher oil prices were identified as a potential pressure on macroeconomic indicators and growth prospects. New import tariffs were described as a constraint for export-oriented economies, particularly technology-heavy markets, while investors may diversify exposure across emerging-market opportunities.
July 24, 2026
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Dual-use export controls restrict supplies to European entities amid reciprocal Russia-related sanctions and non-proliferation concerns.
China imposed dual-use export controls on 14 European entities in response to European Union sanctions affecting Chinese and Hong Kong enterprises. Chinese companies cannot export dual-use items to the listed organisations, and foreign companies are barred from supplying them with dual-use items made in China. China stated that the restrictions protect national security and interests and support international non-proliferation obligations in the context of Russia-related sanctions.

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Customs, DGFT & SEZ

Agri Exports Can Rise from ₹4.5 Lakh Crore to ₹20 Lakh Crore with Focus on Processing, Branding: Union Minister of Commerce and Industry Shri Piyush Goyal

July 10, 2025

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India Expanding Global Footprint with New Agri Exports like Jamun, Litchi, Pineapple: Shri Piyush Goyal

Drip Irrigation Must Become a Mass Movement to Boost Farm Productivity and Climate Resilience: Shri Piyush Goyal

Government Committed to Raising Farmers’ Income, Expanding Subsidies to Contain Input Costs: Shri Goyal

Union Minister of Commerce and Industry Shri Piyush Goyal, while addressing the ICC: Krishi Vikram Thematic Session in New Delhi, said that India’s agriculture and fisheries exports have now reached ₹4.5 lakh crore. He added that agricultural exports have the potential to grow to ₹20 lakh crore, provided the country strengthens food processing and improves the quality of branding and packaging.

Shri Goyal shared that India’s agricultural export basket is expanding with new items such as litchi, pineapple, bottle gourd, and jamun—products which were not traditionally exported—now reaching international markets. He mentioned that jamun was recently exported to the UK, and litchis from Punjab were exported to Doha and Dubai. He added that India’s footprint in global markets such as the UAE, Saudi Arabia, and other Gulf nations is steadily growing.

He also highlighted Prime Minister Narendra Modi’s global push for millets through the International Year of Millets, which has brought global attention to India’s traditional grains and their nutritional value.

Shri Goyal underlined the need to build a resilient supply chain across agriculture, from seeds to fertilisers, insecticides, pesticides, and equipment such as water pumps. He said that India must be prepared for any global disruption in agricultural imports and ensure self-reliance across all aspects of farm inputs.

The Minister emphasised that drip irrigation can be a game changer for India’s agriculture, particularly in a rain-fed economy. He said that water conservation methods like drip irrigation must be scaled up into a mass movement. By creating small water bodies at the village level and adopting drip irrigation widely, Indian agriculture can become more predictable and less vulnerable to climate variability. These steps will not only enhance productivity but also facilitate exports by improving crop reliability and consistency.

He highlighted the benefits of replacing outdated water pumps with smaller, energy-efficient models. These smart pumps can be controlled remotely via mobile phones, provide data on water usage, and help farmers regulate irrigation. When integrated with drip systems, they can significantly reduce water wastage and damage caused by over-irrigation.

He said energy-efficient pumps combined with drip irrigation could also bring down input costs and improve the overall sustainability of farming practices. By reducing electricity usage and optimising water consumption, these technologies directly benefit farmers and enhance long-term productivity.

The Minister encouraged agriculture entrepreneurs to collaborate with farmers to realise this potential. He highlighted the recent creation of the Turmeric Board as a step towards boosting spice exports. He also noted that coffee exports have doubled in recent years, and while spice exports are growing, more focused efforts are needed to scale further.

He highlighted that natural and organic farming have immense potential. The government is tightening certification norms for organic produce with the help of blockchain technology to ensure trust and traceability. He added that the government will also support better packaging and product design, so that India’s agricultural goods gain more visibility and competitiveness in the international market.

Shri Goyal noted that when farmers, industries, and exporters work together, challenges are resolved more efficiently. He said government assistance would be available for packaging and design support to scale up exports.

The Minister said that the transformation of Indian agriculture has been both difficult and inspirational. He highlighted how the strength of India’s soil, the tireless efforts of farmers, and continued government support have made India increasingly Atmanirbhar in agriculture. He recalled that agriculture has always been a national priority—from Lal Bahadur Shastri’s slogan “Jai Jawan, Jai Kisan” to Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat.

He reiterated that the Prime Minister Narendra Modi government remains committed to increasing farmers' income and productivity. He said that under the PM-Kisan Yojana, every farmer receives funds annually. The government has also prevented a rise in fertiliser costs by significantly expanding subsidies.

He informed that 1,400 mandis have been strengthened and connected to the e-NAM platform to facilitate transparent price discovery. Farmers are being supported through Farmer Producer Organisations for access to mechanisation, and a ₹1 lakh crore Agriculture Infrastructure Fund is helping develop agri-infrastructure.

Shri Goyal also spoke about the Drone Didi initiative under which 1.5 lakh women have been trained to use drones for fertiliser spraying. He said the government is promoting intercropping, horticulture, and floriculture and encouraged agri-entrepreneurs to learn international best practices and bring those innovations to Indian farms.

He concluded that with collective effort and innovative approaches, Indian agriculture can transform local produce into global success stories and emerge as a true engine of national growth.

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