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    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
    HIGHLIGHTS
    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
    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%
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    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.
    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.
    Foreign-exchange market conditions supported a rupee recovery against the US dollar following reported Reserve Bank of India intervention and dollar sales by public-sector banks. Pressure on the currency persisted due to foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions and elevated crude oil prices. Lower crude prices, a weaker dollar index and further central bank intervention were identified as potential stabilising influences.
    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.
    Infosys reported first-quarter IFRS financial performance, including revenue growth, operating margin, earnings per share, free cash flow, and large-deal contract value, while revising revenue-growth guidance and retaining operating-margin guidance. The release describes AI-led enterprise transformation, cloud modernization, digital banking, financial-crime operations, and technology services engagements. Forward-looking statements are subject to safe-harbor protection and may differ materially because of business, talent, economic, technological, regulatory, cybersecurity, litigation, investigation, and tariff-related risks.

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      From Grit to Glory: OMG Face of the Year 2025 Crowns India’s Next-Gen Icons

      August 12, 2025

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      L-R: Akash Manwani – Vice President D’cot Fashion, Abhijeet Adurkar - General Manager The Resort, Mumbai; Celebrity Shivam Khajuria, Rohit Khandelwal (Mr. World 2016), with Blanckanvas Media Founder Parimal Mehhta, Sini Shetty Miss (India World 2022); Kannagi Desai - Beauty Editor Elle India, Rochelle Chabra - Director Streax Professional, Shirin Merchant - Technical Ambassador, Streax Professional Mumbai (Maharashtra) [India], August 12: After weeks of tasks, transformations, and turning points, the curtains closed on a spectacular Season 3 of OMG Face of the Year with a resounding message: true talent goes far beyond the surface. Held in Mumbai, the grand finale of India’s biggest digital talent hunt turned the spotlight on individuality, self-expression, and breakthrough stories that inspired.

      The evening crowned three exceptional winners: • Miss OMG 2025 – Rashmita Shettigar (Karnataka) • Mr. OMG 2025 – Piyush Lalwani (Maharashtra) • Streax Professional Hairstyle Icon of the Year – Priyanka Sinha (West Bengal) For Miss OMG Rashmita Shettigar, the journey was one of self-discovery. "When I arrived, I didn’t know where I belonged. But this experience showed me that being different is my strength. This win represents every young woman who’s been told she’s either too much or not enough," she said.

      Mr. OMG Piyush Lalwani shared how the competition helped him grow beyond expectations. "OMG challenged me physically, mentally, and emotionally. The person I’ve become is stronger and more self-assured—and that means more to me than any title.

      Streax Professional Hairstyle Icon of the Year winner Priyanka Sinha reflected on her artistry through hairstyling: "Hair is an extension of who we are. Each challenge allowed me to explore and present my creativity. This title is recognition of that expression and vision." Runners-up who impressed with their grit and individuality: • 1st Runners-up – Mr. OMG: Faizan Khan from Uttarakhand, Miss OMG: Prisha Bakshi from Maharashtra ·2nd Runners-up – Mr. OMG: Rajeev Pawar from Karnataka, Miss OMG: Ahana Chauhan from Maharashtra • Streax Professional Hairstyle Icon of the Year 1st Runner-up – Bhaskar Jyoti from Assam ·Streax Professional Hairstyle Icon of the Year 2nd Runner-up – Durmit Garge from Gujarat The finale was elevated by the presence of beauty icons like Sini Shetty (Femina Miss India 2022), Rohit Khandelwal (Mr. World 2016), and television personality Shivam Khajuria, who cheered on the finalists with their encouragement and charisma.

      The event was judged by an accomplished panel from the fashion, beauty, and lifestyle industries: • Rochelle Chabra – Head, Streax Professional • Abhijeet Adurkar – General Manager, The Resort, Mumbai • Akash Manwani – Vice President, D’Cot Fashion • Kannagi Desai – Beauty Editor, Elle India • Shirin Merchant – Technical Ambassador, Streax Professional The journey doesn’t end here — audiences will soon witness every raw moment, every challenge, and every breakthrough in the OMG Face of the Year Season 3 reality series, streaming soon on Hungama OTT.

      Powered by Passion, Backed by Vision: This edition was brought to life by the generous support of Title Sponsor Streax Professional, Powered by The Resort, and Co-powered by D’Cot Fashion. The night was made even more dazzling as contestants were styled by the talented duo Kavita Kharayat and Sunny Kamble, who brought each look to life with finesse and flair. Adding depth to the runway were standout designer labels, including Gaddani by Abdul Hadi Niyas, Label Pramila by Pooja Singh, House of NM by Nidhi Munim, Modo Caldo by Jigyasa Jolly, and Felix Bendish — each contributing their unique aesthetic to the showcase. Enhancing the glamour were Anusaya Beauty and Riana, who joined as Jewellery Partners, completing every look with elegance and sparkle.

      Speaking about the partnership, Rochelle Chabra shared: This was our first collaboration with OMG Face of the Year, and it couldn’t have been more aligned with our vision. By merging it with the Streax Professional Hairstyle Icon of the Year, we were able to spotlight not just exceptional styling skills, but the power of individuality and creative expression. At Streax Professional, championing hairstylists isn’t just something we do — it’s deeply embedded in our brand’s DNA. For years, we’ve consistently empowered, educated, and elevated them to the forefront, and this platform further strengthens that commitment.

      Parimal Mehhta, the show’s founder and curator, emphasised the platform’s evolution and cultural relevance. "Season 3 affirmed something truly significant — that today’s generation values authenticity just as much as visibility. It’s no longer just about looks or performance; it’s about meaning, intention, and personal voice. OMG Face of the Year has transformed into a powerful platform where emerging talent can share their real stories, challenge norms, and be unapologetically themselves. We’re not just discovering stars — we’re nurturing changemakers. The anticipation for Season 4 is already building, and it promises to be even more inclusive, expressive, and bold." Abhijeet Adurkar, General Manager, The Resort, Mumbai, added: “The Resort has always been known to host meaningful events. Supporting a platform like OMG, which empowers young talent, aligns perfectly with our spirit of celebration.” Akash Manwani, Vice President, D’Cot Fashion, said: “Platforms like OMG bring that philosophy to life by putting the spotlight on confidence, voice, and personal style. We’re proud to be a part of that story.” A Celebration Powered by Meaningful Collaborations OMG Face of the Year 2025 was elevated by a league of partners who added finesse, flair, and flavor to every moment: Eva Flotter by Action Plus kept the finalists stylish as Footwear Partner, while The Tea Culture of the World served artisanal blends as Refreshment Partner. Radio City built buzz as Radio Partner, Svar Gems added sparkle as Crown & Trophy Partner, and Media World brought the entire event to life as the Event Partner, taking charge of the full setup and on-ground experience.

      Mid-Day amplified reach as Print Partner and Bright Outdoor as Outdoor Media Partner, with 1664 Blanc as Happiness Partner and Frizzano Sparkling Wine as Celebration Partner, setting the celebratory mood.

      Adding layers of indulgence and elegance were PADM by Roopa (Fragrance Partner), Occasions Dry Fruits (Premium Nourishment Partner), and House of Samsara (Signature Sip Partner). Style and spirit were brought in by Horra Luxury (Accessory Partner) and Woodburns Contemporary Indian Whisky (Spirit Partner). And rounding out the experience, Six Brothers Mahura joined as the Exquisite Experience Partner — making the night a perfect fusion of glamour, creativity, and celebration.

      About OMG Face of the Year: As India's biggest digital talent hunt, OMG Face of the Year is the ultimate launchpad for the next generation of models and artists. Now in its explosive third season, it's the most talked-about event in the Indian beauty and fashion scene.

      About Streax Professional Streax Professional, a brand closely associated with style and glamour in the salon business, was launched in 2004 by Hygienic Research Institute. Streax Professional is the smart choice for smart Indian stylists and consumers. Launching innovative products with well-researched formulations, especially suited to Indian hair types, Streax Professional is the forerunner in the professional segment with the widest distribution network. Streax Professional Hair colourant range (Colour, Developer and Ultralights) is on a continuous growth path and has a partnership with over 40,000 salons across India.

      About Hygienic Research Institute Hygienic Research Institute Private Limited (HRIPL) is a prominent Indian leader in beauty and personal care products, specialising in hair care, skin care, and salon services. With over 60 years of legacy since 1957, HRIPL has grown from a single-brand promoter-owned entity to a multi-brand, multi-category organisation backed by private equity Premji Invest and is known for brands like Vasmol, Streax, and Streax Professional, along with Florozone in skin care. Committed to quality, innovation, and customer satisfaction, HRIPL operates with a vision to offer excellent products and services globally while fostering growth and spreading happiness. The company boasts a robust manufacturing legacy across six locations, adhering to international quality standards. HRIPL is honoured with accolades such as Great Place to Work, Best Workplace for Innovation, and recognition in the FMCG sector, underscoring its commitment to excellence in workplace culture and innovation.

      (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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