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    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
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    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
    Show AI Summary
    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
    Show AI Summary
    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    July 30, 2026
    Show AI Summary
    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
    Show AI Summary
    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
    Show AI Summary
    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
    Show AI Summary
    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.

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      PHE Industries Celebrates 25 Glorious Years with the Powerful Expansion of Its Game-Changing Recon Series

      August 25, 2025

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      Faridabad, India | August 2025 PHE Industries Pvt. Ltd., the most trusted name in India when it comes to hydraulic system solutions, celebrates 25 years of innovation, reliability, and unwavering commitment to customer success. PHE started on small beginnings and now serves some of the most essential industries in India. PHE’s journey reflects not just business growth but a deep-rooted mission to power industrial India with cost-effective, precision-driven, and future-ready solutions.

      What began in 2000 as a modest vision by hydraulic expert Mr. Pankaj Srivastava, has today evolved into a national leader making industrial systems reliable, cost-efficient, and future-ready. Today, the company is best known for its industry-leading Recon Series reconditioned hydraulic pumps and motors that offer OEM-grade performance at a fraction of the cost.

      “We don’t just repair machines. We revive entire systems, industries, and confidence,” says Mr. Srivastava. “Our goal from day one has been to provide precision engineering without compromise and our 25-year journey is proof of that commitment.” The Recon Series: Revolutionizing Industrial Hydraulics In a capital-intensive industrial environment where uptime is mission-critical, PHE’s Recon Hydraulic Units have emerged as a preferred choice for cost-effective, high-performance hydraulic solutions.

      Previously viewed as a last-resort solution, reconditioned hydraulic systems are now a strategic advantage and PHE is proudly leading this transformation.

      The Recon Series offers reconditioned pumps and motors that are equal to the specifications of the OEM in specifications; its advantages are far beyond cost savings.

      Key Advantages of PHE’s Recon Units: ●Cost-Effective Performance: Nearly 50–60% more affordable than new imports without compromising on output.

      ●Quick Turnaround: Emergency-fit units help industries avoid prolonged downtime.

      ●Environmentally Conscious: Reconditioning promotes sustainability by extending equipment lifecycle and reducing industrial waste.

      ●Quality Without Compromise: Every unit is rebuilt using genuine components from global brands like Danfoss, Parker, Rexroth, Eaton, Linde, ensuring dependability and long-term durability.

      Engineering Precision You Can Trust Every Recon unit has its second life started by total dismantling and inspection and then it is reassembled with only certified OEM parts. It is handled by well trained technicians of PHE's own hydraulic institute and the units are also thoroughly tested on fully equipped state-of-the-art test benches located at Faridabad and Mumbai.

      To ensure complete transparency, clients also receive detailed test reports and operational videos, ensuring complete transparency and confidence.

      25 Years of Impact Across Critical Industries PHE’s reconditioned units now form the backbone of hydraulic systems across India’s most critical sectors: ● Marine and Port Operations ● Construction & Earthmoving Equipment ● Steel Plants & Manufacturing Units ● Railways, Defence, Oil & Gas The company’s client list includes top organizations like ONGC, DP World, Northern Railways, Sanghvi Movers, and Daryaa Shipping, among others.

      “In sectors where a single hour of downtime can cost lakhs, PHE’s Recon units ensure rapid replacements with reliable results,” says Mr. Srivastava.

      Expansion of Recon for HDD and Port Cranes: A National Milestone This July, PHE proudly expanded its Recon Series to cover Horizontal Directional Drilling (HDD) machines ranging from 30 to 800 tonnes, and heavy-lift port cranes up to 800 tonnes. This move makes PHE the first Indian company to provide OEM-standard reconditioned hydraulic units for such high-tonnage applications at scale.

      “We’re not just filling a gap, we're redefining expectations,” said Mr. Srivastava. “Recon is engineered for heavy-duty reliability without the price tag or waiting period of imports.” This expansion is poised to: ● Cut project delays in India’s infrastructure development ● Reduce dependency on imported equipment ● Support the ‘Make in India’ and Atmanirbhar Bharat visions Powered by Purpose: Training the Next Generation At the heart of PHE’s operational philosophy is the PHE Institute of Hydraulics, an in-house training center dedicated to upskilling technicians and engineers. By offering real-world training, failure diagnostics, and advanced system insights, the institute is building self-reliance and reducing foreign dependency.

      Why the PHE Institute matters: ● Hands-on curriculum based on real scenarios ● Failure analysis and preventive engineering practices ● Producing talent that reduces dependency on foreign expertise “With every engineer we train, we don’t just build skill, we build self-reliance,” adds Mr. Srivastava.

      An Ecosystem Built for Excellence In addition to Recon, PHE Industries has a highly complementary ecosystem that allows end-to-end scope of service delivery: ●PHE Industries Pvt. Ltd.: Parent company that performs hydraulic reconditioning, AMC services, on-site support and the sale of genuine parts.

      ●Suyojan Precision Engineers LLP: A specialized partner focused on hydraulic design and system integration.

      ●PHE Institute of Hydraulics: Training division preparing India’s hydraulic workforce.

      This ecosystem allows PHE to provide end-to-end, scalable, and reliable hydraulic solutions under one brand.

      Setting the Standard with Global Partnerships PHE’s commitment to genuine quality is reflected in its long-standing partnerships with leading global component manufacturers. These include: ●Danfoss ●Linde ●Eaton ●Rexroth ●Parker ●Bondioli & Pavesi This rigorous quality discipline ensures that every PHE-rebuilt unit is built to outlast and outperform a key reason behind its long-term client retention.

      Future-Ready: The Next 25 Years As PHE celebrates its silver jubilee, it also lays out a bold roadmap for the future: ● Pan-India AMC network for uninterrupted hydraulic services ● Expansion into international markets (UAE, Africa) ● Deeper digital presence through Google profiling, podcast appearances, and leadership content ● Strategic partnerships in ports, marine, and defense sectors “India has the potential to lead the world in affordable, high-quality hydraulic reconditioning. PHE is ready to lead that charge,” says Mr Srivastava.

      About PHE Industries Pvt. Ltd.

      Established in 2000, PHE Industries Pvt. Ltd. is India's best hydraulic system solutions and service provider in high performance reconditioning, repairs and maintenance of hydraulic pumps, motors and valves. PHE has 25 years of proven trusted service, a national presence, and has unparalleled ability to deliver on its promise of providing quality products and service. PHE remains the supplier of choice to industries where performance, precision and progress are paramount.

      From reconditioning to readiness, PHE stands for trust, transparency, and transformation.

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

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