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    India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services
    India and Israel Conclude Second Round of Negotiations for Proposed Free Trade Agreement
    Glomo Secures Visa's Principal Membership, Becomes India's First Non-Bank Acquirer to Join the Network
    India's forex reserves jump USD 1.08 billion to USD 676.237 billion
    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
    Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions
    China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
    Rupee recovers 18 paise to settle at 96.55 against US dollar
    Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
    Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel
    30-member Indian commerce chamber delegation to visit Sri Lanka
    Rupee rises 22 paise to 96.51 against US dollar in early trade
    ED conducts raids in UP, Delhi and Punjab in Rs 450-crore bank loan 'fraud'
    US slaps 10 per cent tariff on goods imported from India over forced labour concerns
    NICDC Organises Cross-Learning Site Visit to AURIC Smart City to Strengthen Industrial Corridor Development
    India Concludes Eighth Trade Policy Review at WTO in Geneva
    US' temporary 10 pc tariff set to expire on Friday unless extended or new duties announced
    PNB to establish Quantum Finance Innovation Hub in Amaravati
    Infosys veteran Ashiss Kumar Dash to succeed Salil Parekh as new CEO in 2027
    Gold falls Rs 400 per 10 grams amid surging oil prices
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    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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    Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
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    Consumer electronics financing enables instalment purchases of affordable earbuds through in-store loan and reusable credit facilities, subject to approval.
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    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.
    July 24, 2026
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    Foreign-exchange market intervention supported rupee stabilisation amid investor outflows, weak equities, geopolitical tensions and elevated crude oil prices.
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    July 24, 2026
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    Forward-looking statements receive safe-harbor qualification amid reported IFRS performance, AI-led transformation initiatives, and revised revenue-growth guidance.
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    Cross-border commercial engagement supports Indian and Sri Lankan businesses in identifying partnerships and strengthening trade and investment relationships.
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    July 23, 2026
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    Quantum finance innovation will advance secure digital banking through cybersecurity, fraud detection, collaborative research, workforce development and digital literacy.
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    Chief executive succession plan appoints a CEO designate, subject to shareholder approval, for an AI-led corporate leadership transition.
    Corporate leadership succession at Infosys is proposed through the appointment of Ashiss Kumar Dash as Managing Director and Chief Executive Officer designate from 1 April 2027. The five-year appointment is subject to shareholder approval and follows a recommendation of the Board's Nomination and Remuneration Committee. The incumbent will remain in office until the transition date and support an orderly transfer of responsibilities. The succession plan identifies the CEO designate's business, technology-delivery, client and global operations experience as relevant to AI-led transformation.
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    Bullion market pressure intensified as rising oil prices, inflation concerns and restrictive monetary policy expectations weakened gold and silver sentiment.
    Gold and silver prices declined amid weaker global bullion trends, profit-booking, and higher crude oil prices linked to Middle East tensions. Market commentary associated the decline with inflation concerns and expectations that major central banks may sustain restrictive monetary policy for longer. Gold was described as facing near-term pressure from higher interest-rate expectations, inflation risks, and geopolitical uncertainty.

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      28 FDI proposals cleared

      July 4, 2008

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      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 24th June, 2008, Finance Minister, Shri P. Chidambaram has approved 28 Proposals of Foreign Direct Investment amounting approximately to Rs. 1327.7251 Crore.  The proposals relate to Ministries/Departments, namely Chemicals & Petro-chemicals, Industrial Policy & Promotion, Information & Broadcasting, Urban Development, Tourism and Economic Affairs.            

      Following is the details of 28 approved proposals:

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In crore)

      ATOMIC ENERGY

      1

      M/s Global Energy Mining and Minerals KFT., Hungary

      Induction of FDI up to 74% in Mining and Separation of Titanium Bearing Minerals and Ores.

      24.05

      COMMERCE

      2

      M/s Giordano Fashions (India) Pvt. Ltd.

      To establish a chain of Single brand retail stores.  Press Note 3 of 2006 attracts.

      5.09

      3

      M/s Marks & Spencer Plc.

      Induction of 51% FDI for single brand retail trading.  Press Note 3 of 2006 attracts.

      .0051

      4

      M/s Pearle Europe B.V.

      Induction of 50% FDI for single brand retail trading.  Press Note 3 of 2006 attracts.

      Not indicated

      ECONOMIC AFFAIRS

      5

      M/s Aquamarine Resorts Pvt. Ltd., Mumbai

      To acquire the status of foreign owned Indian holding cum operating company to make downstream investment.  Proposal attracts Press Note 1 of 2005.

      90.00

      6

      M/s International Asset Reconstruction Co. Pvt. Ltd., New Delhi

      To issue and allot equity shares and compulsorily convertible preference shares up to 19.56% of its post-issue paid-up share capital, on a fully diluted basis.

      24.20

      7

      M/s Onmobile Global Ltd., Bangalore

      Acquisition of 100% equity share capital of a foreign company by share swap and cash basis.

      No Fresh Inflow

      8

      M/s Shetruns Hills Pte Ltd., Samoa

      Transfer of shares from erstwhile OCB to NRs.

      0.66

      FINANCIAL SERVICES

      9

      M/s HSBC Violet Investments (Mauritius), Mauritius

      Induction of foreign equity by way of acquisition and open offer of equity shares and conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      HEALTH

      10

      M/s Midmark Corporation, USA

      Induction of FDI up to 49% in a company engaged in the manufacture of SSI reserved items.

      1.11

      INDUSTRIAL POLICY & PROMOTION

      11

      M/s Simbiosys Biowares India Pvt. Ltd., Bangalore

      Conversion of operating company into holding cum operating company.

      No Fresh Inflow

      12

      M/s Mikuni Corporation, Japan

      To establish a WOS to undertake the business of manufacture, assembly and sale etc., of automotive components and other parts and sub-assemblies thereof for the two and three wheeler vehicles.  Proposal attracts Press Note 1 of 2005.

      20.00

      INFORMATION & BROADCASTING

      13

      M/s Getit Infoservices Ltd., New Delhi

      Issue of equity shares and zero coupon compulsorily convertible preference shares.  The Company is engaged in the publishing of scientific magazines/ specialty journals.

      23.00

      PETROLEUM

      14

      M/s ENI UK Holding PLC, UK

      Acquisition of shares of a Company engaged in the exploration, development and production of crude oil and natural gas in India.  Proposal attracts Press Note 1 of 2005.

      26.11

      POWER

      15

      M/s BBI Power Krishnapatnam Company, Hyderabad

      Issue of shares against remittances already received.

      No Fresh Inflow

      URBAN DEVELOPMENT

      16

      M/s Apricot Realtors Pvt. Ltd., Chennai

      To acquire the status of foreign owned Indian holding cum operating company to and to make downstream investment.

      No Fresh Inflow

      17

      M/s Macquarie India Properties Pty Ltd., Australia

      To set up a WOS to carry out investment advisory and financial consultancy services to the real estate investment industry and undertake investment research activities in connection therewith.  Proposal attracts Press Note 1 of 2005.

      2.25

      18

      M/s Eldeco Infrastructure & Properties Ltd., New Delhi

      Induction of foreign equity by way of subscribing to and acquisition of equity shares and change in status from operating company into operating cum holding company.

      195.67

      COMMERCE

      19

      M/s Esys Information

      To include some more trading/ manufacturing activities in existing activities and to do the business on wholesale basis and institutional sales.  To procure some of the items from the Small Scale Industries.

      No Fresh Inflow

      INDUSTRIAL POLICY PROMOTION

      20

      M/s Virgo Engineers Ltd.

      Transfer of Shares from NRI to NR.  The original investment was not received in foreign exchange since at the time of investment the applicant was resident of India and the shares were issued as bonus shares.

      No Fresh Inflow

      21

      M/s Parryware Roca Pvt. Ltd.

      To increase foreign equity from 50% to 100% and conversion from operating company to operating cum holding company to make downstream investment.

      741.48

      22

      M/s Mitsui & Co(I) Pvt. Ltd.

      To issue equity shares to square off the Security deposit amount.

      11.60

      23

      M/s G.E. Global Sourcing India Pvt. Ltd.

      Conversion of operating company to holding cum operating company to make downstream investment.

      No Fresh Inflow

      ECONOMIC AFFAIRS

      24

      M/s A.W. Faber Castell India Pvt. Ltd.

      Amalgamation/ merger of companies as approved by the High Court.

      No Fresh Inflow

      INFORMATION & BROADCASTIN

      25

      M/s Macmillian India Ltd.

      Publication of specialty magazine.

      No Fresh Inflow

      26

      M/s Multiscreen Media Pvt. Ltd.

      Issue of equity shares to resident and NR.  The 100% FDI is permissible through FIPB.

      158.39

      ECONOMIC AFFAIRS

      27

      M/s ITP Publishing India Pvt. Ltd., Mumbai

      Induction of foreign equity up to 100% in a company engaged in the activities of publishing of specialty magazines

      4.10

      COMMERCE

      28

      M/s Mokshayug Access (India) Pvt. Ltd., Bangalore

      Conversion of operating company into operating cum holding company to make downstream investment and to establish a WOS.

      0.01

      2.         The proposal of M/s R.E.D. Graniti SPA has been advised to access auto route.

      3.         The following 11 (eleven) proposals have been deferred:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Interglobe Enterprises Ltd., New Delhi

      To set up a new JV to undertake the operation and management of one or more duty free shops.

      2

      M/s Asia Motorworks Holdings Ltd., Mumbai

      Induction of foreign equity by way of subscribing to fully and compulsorily convertible debentures and conversion of operating company into an operating cum holding company.

      3

      M/s Perfect Circle India Ltd., Maharashtra

      Induction of FDI up to 51% in a company engaged in manufacture of internal combustion piston engines and other parts and accessories.  Proposal attracts Press Note 1 of 2005.

      4

      M/s Russell Square Holding B.V. Neetherland

      To setup a JV to undertake the business of Advertising.  Proposal attracts Press Note 1 of 2005.

      5

      M/s Mediacom Worldwide Incorporated, USA

      Setting up of a JV.

      6

      M/s Amar Ujala Publications Ltd.

      Amalgamation of two companies consequent upon the order of Hon'ble High court and induction of fresh FDI

      7

      M/s Transcend Infrastructure Ltd.

      Increase in FDI beyond 49% in building towers, acquiring towers or securing management rights of towers for the purpose of leasing or licensing the shares use of these towers to communications and broadcasting.

      8

      M/s RISH PTE Ltd., Cock Islands

      Post-facto approval for the FDI already brought in under automatic route, which otherwise requires FIPB approval.

      9

      M/s RISH PTE Ltd., Cock Islands

      Post-facto approval for the FDI already brought in under automatic route, which otherwise requires FIPB approval.

      10

      M/s JSW Infrastructure Ltd., Mumbai

      Ex-post-facto approval for having undertaken the activity of holding company.

      11

      M/s Broadband Pacenet (India) Pvt. Ltd., Mumbai

      Induction of foreign equity  by way of subscribing to or acquisition of shares up to 74% equity of the company

       

      BSC/SS/DN-171/08

       

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