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    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
    PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati
    Govt allows FDI in inventory-based e-commerce model only for export purposes
    Joint home loans in India - interest rates start at 7.25%* p.a. for salaried applicants
    6Wresearch: India Export Attractiveness Tracker 2026
    Govt allows FDI in inventory-based model of e-commerce only for export purposes
    CRIF India Launches Chennai Chapter of 'Credit Goes to HER' to Strengthen Women's Leadership in the Credit Ecosystem
    Loan Fest 2026: Apply for a Bajaj Finance Personal Loan Online with Attractive Offers
    Rupee slips 4 paise to settle at 96.57 against US dollar
    Supertech twin towers: SC defers hearing on plea seeking refund for homebuyers
    Invest Manchester: UK-India Free Trade Agreement Opens New Doors for APAC Manufacturers
    4 Chandigarh University Law Graduates Become Judicial Officers, 244 Secure Jobs at Corporate Law Firms
    ISTITUTO MARANGONI MUMBAI PRESENTS ITS 2026 STUDENT SHOWCASE — ‘ASTITVA’
    Rupee rises 5 paise to 96.48 against US dollar in early trade
    Ministry of Statistics and Programme Implementation has put in place well-defined mechanisms to ensure timely collection and publication of official s...
    Ministry of Statistics and Programme Implementation undertakes periodic methodological reviews of statistical framework to ensure official statis...
    ENERGY STATISTICS INDIA
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    July 23, 2026
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    Temporary Section 122 surcharge expiry may restore MFN treatment for Indian exports, while Section 301 tariff uncertainty continues.
    The US temporary Section 122 import surcharge on Indian goods is scheduled to expire unless extended or replaced, restoring affected imports to normal US MFN tariff treatment. Liability depends on entry for consumption or warehouse withdrawal. Section 232 national-security tariffs remain unchanged. Indian exports may still face fresh measures under Section 301 investigations into forced labour and excess manufacturing capacity, alongside potential country-specific or sectoral tariffs. The expiry may improve export competitiveness and market access, particularly for labour-intensive and MSME-driven sectors.
    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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    July 23, 2026
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    Chief executive succession plan appoints a CEO designate, subject to shareholder approval, for an AI-led corporate leadership transition.
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    Bullion market pressure intensified as rising oil prices, inflation concerns and restrictive monetary policy expectations weakened gold and silver sentiment.
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    Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
    Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Restrictions on business-to-consumer and inventory-based e-commerce do not apply to these exports, subject to the Foreign Trade Policy 2023 and export regulations. Foreign direct investment in inventory-based e-commerce retailing for domestic sales remains prohibited, with the revised position taking effect upon the relevant foreign exchange notification.
    July 23, 2026
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    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
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    July 23, 2026
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    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
    India's export potential to 2031 is centred on smartphones, polished diamonds, petroleum products and medicines, with the United States, Hong Kong, Japan, China, Singapore and the United Arab Emirates as important markets. New product opportunities include iron ore concentrates, gasoline vehicles and light petroleum oils. Although selected destinations offer duty-free or preferential access, market entry in mature markets increasingly depends on compliance with non-tariff measures, including registration, quality certification, safety documentation and product standards. Semiconductor-related manufacturing is identified as a long-term opportunity supported by expanding electronics capacity, supply-chain diversification and domestic incentives.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
    July 23, 2026
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    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
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    July 23, 2026
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    Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
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    The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.
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    July 23, 2026
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    Official statistics dissemination uses digital validation, release calendars, anonymised microdata and accessible platforms to strengthen timeliness and transparency.
    Official statistics collection and dissemination are supported through digital survey platforms with built-in validation, real-time monitoring and supervisory quality controls. Consumer Price Index, National Accounts Statistics and Index of Industrial Production data are collected, compiled or validated through specified quality and timeliness mechanisms. An Advance Release Calendar supports accountable publication, while anonymised survey microdata, stakeholder engagement and digital portals improve transparency, accessibility and use of official statistics.
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    Official statistical modernization strengthens macroeconomic measurement through revised bases, digital surveys, validated data collection and district-level estimates.
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    Energy statistics reporting expands with internationally aligned consumption data, energy-sector credit flows, and improved coal and electricity coverage.
    Energy Statistics India 2026 reports Total Primary Energy Supply and renewable energy potential, supporting energy policy and infrastructure planning. Its 33rd edition adds data on credit flow to the energy sector, the international energy scenario, and international marine and aviation bunker use. It aligns end-use consuming sectors for energy commodities with international standards and addresses data gaps in industry-wise coal and electricity consumption.

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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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