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    Dr S C Deb Homeo targets Rs 100 crore revenue by FY'31
    India-UK FTA to benefit exporters, MSMEs, professionals from July 15: Goyal
    HIGHLIGHTS
    OFCD case: SC to hear SEBI's plea against SAT relief to SICCL managers on Monday
    India's Russian crude imports hit record in Jun even as Moscow's oil revenues slip
    Cluster Industrial Locations and Benefits of Private Aviation
    Ex-WB minister Sujit Bose funnelled municipality 'scam' funds into his restaurant, bar, flats: ED
    Sonalika Marks 30-Year Milestone with 20 Lakh Tractor Production at Hoshiarpur Manufacturing Plant
    Assam Budget: Planters, traders say subsidy, incentive proposals to boost tea sector
    Man held in Rs 1.6 crore loan fraud racket; 50 victims targeted: Delhi Police
    Department of Commerce Organises Chintan Shivir on Strengthening India's Electronics Manufacturing and Export Competitiveness
    FIU-IND case regarding large-scale cyber fraud recognised as runner-up at Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary in Baku, ...
    Ladakh set to export 1,000 MT of apricots to Dubai; first shipment to be dispatched next week
    Ethanol programme saved Rs 1.90 lakh cr in forex since 2014-15, says govt amid row over E20 fuel
    Rupee gains 9 paise to settle at 95.38 against US dollar
    As Monsoon Session ends, Oppn slams Maharashtra govt over GDP spending, 'missing link' bridge issues
    India's forex kitty jumps USD 7.26 bn to USD 674.19 bn
    Department of Commerce Reviews Andhra Pradesh FCV Tobacco Marketing Season 2025–26
    Markets rally for 2nd day powered by IT stocks; Sensex ends 827 pts higher
    Phone calls from 1600 number series cannot be blocked, DND app can block calls from 140 series: Trai
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    July 12, 2026
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    Homoeopathic medicine expansion drives growth through capacity upgrade, export growth, new markets, and an ophthalmic division.
    Homoeopathic medicine manufacturer Dr S C Deb Homeo Research Laboratory plans major capacity expansion, an ophthalmic division, stronger domestic presence and wider exports to support revenue growth. The company also intends to promote homoeopathy through research, public awareness, affordable medicines, and a proposed homoeopathic medical college and hospital.
    July 12, 2026
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    Duty-free market access and social security exemption under the India-UK trade pact benefit exporters and professionals.
    India-UK free trade agreement to allow all Indian exports to enter the British market duty-free from July 15, benefiting exporters, farmers, fishermen, MSMEs and domestic industries. The pact also covers merchandise, goods and services, and is stated to strengthen trade and economic ties between India and the UK. It further includes a Double Contribution Convention exempting Indian professionals working in the UK for up to five years from British social security contributions, with savings directed to provident fund accounts in India.
    July 12, 2026
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    Regulatory oversight of airfares and securities relief in the Sahara OFCD matter set for Supreme Court hearing.
    The Supreme Court is scheduled to hear a challenge by SEBI against a Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. in the OFCD matter. It is also scheduled to hear a plea seeking regulatory guidelines to curb unpredictable fluctuations in airfares and ancillary charges imposed by private airlines.
    July 12, 2026
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    SEBI jurisdiction over OFCD public offer remains central as the Supreme Court hears Sahara-linked challenge.
    SEBI has challenged before the Supreme Court the part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. The tribunal had held that the OFCDs issued by SICCL constituted a public offer within SEBI's jurisdiction, dismissed the company's and directors' appeals, and separately allowed the appeal of the officials on the ground that employees could not be held liable for the company's acts.
    July 12, 2026
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    Russian crude imports and refined-fuel trade shape India's role in global oil flows amid sanctions and exemptions.
    India's imports of Russian crude oil rose to a record level in June, driven by higher deliveries to major Indian refineries, while Russia's crude export revenues declined because of weaker prices. The report also noted that India remained a significant channel in global trade flows of refined products made from Russian crude, including exports from Indian refineries to sanctioning jurisdictions, and that shipments refined from Russian crude continued to reach EU and UK ports under the reported trade conditions.
    July 11, 2026
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    Private aviation eases industrial cluster connectivity with direct access, flexible schedules, and secure business travel.
    Private aviation is presented as a connectivity solution for India's industrial clusters and economic corridors, where many high-productivity zones lack regular commercial air access. The article highlights the operational difficulty caused by dependence on distant metro airports, inflexible airline schedules, multi-stage travel, and the absence of practical same-day return connectivity. Business aviation is described as enabling direct travel to nearby airstrips and remote airports serving industrial zones, with advantages said to include faster movement, time efficiency, schedule flexibility, and secure and confidential cabin space for sensitive discussions.
    July 11, 2026
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    Money laundering through recruitment scam proceeds allegedly funded hospitality businesses, flats and illegal municipal appointments.
    Alleged proceeds of crime from a municipality recruitment scam were channelled into hospitality businesses and property acquisitions through cash sales, capital contributions, unsecured loans and shell-company borrowings. The Enforcement Directorate also alleged manipulation of municipal recruitment, illegal appointments in exchange for pecuniary gain, and abuse of position to regularise appointments without mandatory documents under applicable government guidelines, forming the second prosecution complaint under the Prevention of Money Laundering Act.
    July 11, 2026
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    Farmer-centric tractor manufacturing milestone as Sonalika highlights in-house production, automation, and global export growth.
    Sonalika Tractors marked a production milestone by rolling out its 20 lakhth tractor from its integrated manufacturing plant at Hoshiarpur, while highlighting its 30-year growth from its first tractor in 1996 to a global export business serving more than 150 countries. The company attributed its expansion to farmer-centric product development, Indian engineering, in-house manufacturing capability, automation, robotics, and extensive testing standards aimed at performance, durability, and reliability.
    July 11, 2026
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    Tea sector support measures in Assam Budget aim to boost exports, cut costs, and strengthen worker welfare.
    Assam Budget 2026-27 proposes tea sector support measures including export and production subsidies, tax relief for small tea growers, restoration of tax for larger assessees, lower VAT on piped natural gas, and welfare-linked spending for tea garden communities. The budget also strengthens incentives, healthcare, tea tourism and social infrastructure in tea garden areas.
    July 11, 2026
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    Identity theft in loan fraud rackets highlights misuse of Aadhaar, PAN and mule accounts to obtain fraudulent credit.
    Cyber fraud syndicate allegedly obtained personal loans by misusing Aadhaar and PAN details, including by changing Aadhaar-linked mobile numbers without the victims' knowledge. Police investigation indicates the use of mule accounts to route fraud proceeds and shows misuse of documents of around 50 victims to obtain loans from private non-banking financial companies.
    July 11, 2026
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    Electronics export competitiveness gains focus as policy dialogue highlights stable frameworks, global value chains and export facilitation priorities.
    Policy dialogue on strengthening India's electronics manufacturing and export competitiveness centred on the need for a stable and predictable framework to support export-oriented production, particularly in the context of global value chains. The consultation brought together government, industry and export promotion stakeholders to discuss balanced and actionable policy recommendations aimed at reinforcing India's position as a globally competitive electronics manufacturing and export hub. Key priority areas included greater integration of MSMEs into global value chains, harmonisation of HS Codes, closer coordination with Customs to reduce product misclassification and facilitate smoother exports.
    July 11, 2026
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    Cyber fraud intelligence exposes cross-border money laundering through mule accounts and cryptocurrency, prompting coordinated anti-money laundering enforcement action
    Financial intelligence analysis of a large-scale cyber fraud uncovered a sophisticated money-laundering network involving approximately Rs.868 crore in proceeds, more than 5,000 mule bank accounts, and cross-border cryptocurrency transactions. Cross-border intelligence exchange helped trace the cryptocurrency movements and identify the international money-laundering trail. The analysis supported enforcement measures under the Prevention of Money Laundering Act, 2002, including searches, seizure of cash and cryptocurrency, attachment of assets, and filing of two prosecution complaints.
    July 10, 2026
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    Fresh apricot export logistics drive in Ladakh prioritises cold chain management, quality certification and timely farmer payments.
    Ladakh administration prepared an export programme for fresh apricots, including the first overseas consignment to Dubai and broader access to other international markets. The initiative required coordinated procurement, grading, sorting, packaging, refrigeration, quality certification and transportation through farmer producer organisations, aggregators and a cooperative society, with dispatch scheduled through Delhi by special cargo aircraft. Officials were directed to ensure timely harvesting, uninterrupted cold chain management, quality standards, transparent payments and compliance with branding requirements.
    July 10, 2026
    Show AI Summary
    Ethanol-blended petrol programme drives forex savings, farm income support and cleaner fuel policy through expanded blending and feedstock use.
    The ethanol-blended petrol programme has expanded ethanol use, supported the sugar economy and improved payments to farmers. It is said to have saved foreign exchange by substituting crude oil imports, reduced carbon emissions, and created new demand for surplus crops. Maize has emerged as a major feedstock, and flex-fuel vehicles and a wider fuel road map are described as part of the policy direction.
    July 10, 2026
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    Rupee gains on weaker dollar, softer crude and strong equity sentiment amid expectations of RBI support.
    The rupee appreciated against the US dollar in interbank trade, supported by a weaker dollar index, easing crude oil prices, improved risk appetite in global markets and positive domestic equity sentiment. Market participants also noted that continued foreign portfolio inflows and buying by oil companies and importers influenced intraday movement, while traders expected the currency to trade within a defined near-term range.
    July 10, 2026
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    Poor fiscal management and legislative neglect draw opposition criticism over Maharashtra's budget, infrastructure, education, and power-sector concerns.
    Opposition parties criticised the Maharashtra government for poor fiscal management, limited legislative discussion, and reliance on supplementary demands that they said exposed flaws in the original budget. They also alleged governance failures in infrastructure, education, temple administration, examinations, and the power sector, including issues linked to the Mumbai-Pune Expressway's Missing Link project, unpaid contractor dues, and schools lacking basic facilities.
    July 10, 2026
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    Foreign exchange reserves rise as higher currency assets, gold holdings and IMF-related balances lift India's reserve position.
    India's foreign exchange reserves increased during the week ended 3 July 2026, according to the Reserve Bank of India, with higher foreign currency assets and gains in gold reserves contributing to the rise. Special drawing rights and the reserve position with the IMF also increased. The report notes that foreign currency assets are affected by valuation changes in non-US currencies, and refers to earlier reserve volatility linked to pressure on the rupee and RBI intervention through dollar sales.
    July 10, 2026
    Show AI Summary
    FCV tobacco marketing support reviewed with focus on procurement, exports, digital reforms and grower welfare.
    Measures for the Andhra Pradesh Flue Cured Virginia (FCV) tobacco marketing season 2025-26 were reviewed in consultation with growers, manufacturers, exporters, dealers, trade associations and the Tobacco Board. The discussions focused on accelerating procurement, facilitating exports and strengthening the marketing ecosystem for FCV tobacco, while protecting growers' interests. The review also covered restructuring of the Tobacco Board, enhancement of the Growers' Welfare Fund, simplification of registration procedures, digital initiatives, AI-based grading, export market expansion and crop diversification.
    July 10, 2026
    Show AI Summary
    Equity market rally gains strength as IT earnings, easing crude prices and banking stocks lift sentiment across sectors.
    Indian equity markets extended gains for a second straight session, closing higher on broad-based buying led by information technology, banking and realty stocks. Sentiment improved on easing crude oil prices, positive global cues, stability in the rupee and better-than-expected quarterly results from TCS, which lifted confidence in the IT sector and improved demand outlook. All sectoral indices ended in positive territory, while market breadth remained positive despite continued foreign institutional investor selling.
    July 10, 2026
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    Caller identification rules for 140 and 1600 series calls limit app-based blocking, while DND registry controls promotional call preferences.
    Calls originating from the 1600 series are reserved for service and transaction communications by regulated entities and government entities, and tagging, blocking or filtering of such calls by apps is not permitted under the Telecom Commercial Communications Customer Preference Regulation. Calls beginning with the 140 series are meant for registered telemarketers, and customers may allow or block such promotional calls through the Do Not Disturb registry, including by using the TRAI DND App. App-based tagging or filtering of 140 series calls is not allowed.

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      India Emerges as a Strong Growth Driver in Hong Kong's MICE Tourism

      September 17, 2025

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      Hong Kong Tourism Board introduced new and exclusive group experiences set to impress, India market being one of the fastest-growing markets with heightened demand for incentive group travel Hong Kong (NewsVoir) Hong Kong’s Meetings, Incentives, Conventions and Exhibitions (MICE) sector is experiencing a robust recovery, welcoming 1.42 million overnight MICE visitors in 2024 - a 10% increase from 2023 and reaching 80% of pre-pandemic levels. India has emerged as a strong driver. In 2024, Indian arrivals surged more than 70% overall compared to 2023, with HKTB aiming to double arrivals to surpass pre-Covid levels. Building on this momentum and heightened demand from India market, the Hong Kong Tourism Board (HKTB) has concluded two high-impact familiarization (FAM) tours to position Hong Kong as the premier MICE destination for the Indian market, showcasing the city’s state-of-the-art infrastructure, incentive experiences, and large-scale new attractions. “These initiatives reaffirm Hong Kong’s position as Asia’s leading business events hub,” said Puneet Kumar, Director - South Asia, Hong Kong Tourism Board. “India is among top 5 source markets for incentive group travel and one of the fastest-growing MICE markets for Hong Kong. We have registered a robust demand from Indian corporates to stage events and a strong pipeline of business from strategic travel partners emphasises Hong Kong’s strong appeal and India’s immense potential. With Hong Kong’s world-class infrastructure, unique to Hong Kong experiences, exciting cruise itineraries and over 200 mega events annually, the city is fully equipped to host everything from large-scale incentive programmes to bespoke corporate events. India remains a vital growth market, and we look forward to deepening our engagement with its MICE sector.” The Next Stop: Hong Kong – Corporate Buyers Familiarization Tour held from 8 to 11 June 2025, welcomed senior representatives from 8 of India’s leading corporations. Their testimonials highlighted Hong Kong’s rich culture, warm hospitality, and its distinctive mix of cruise and land offerings, reinforcing its position as a preferred incentive destination. Together, these companies represent significant outbound MICE potential, with annual incentive groups ranging from 400 to over 4,000 participants. Highlights included: 1. Site Visits: Kerry Hotel, Hong Kong and Kowloon Shangri-La, HKIA VIP Lounge 2. East Meets West: 2025 Sun Life Hong Kong International Dragon Boat Races, and a twilight racing experience at the Hong Kong Jockey Club’s Sha Tin Racecourse, 3. Yacht Tourism: Aqua Luna Evening Harbour Cruise and Yacht experience from Tsim Sha Tsui to Discover Bay 4. Exploring signature attractions such as The Peak, Sky Terrace 428 and Peak Tram Experience, Ngong Ping 360 Cable Car experience and a visit to Ngong Ping Village 5. World Class Excitement at Water World Ocean Park, and Hong Kong Disneyland—complete with a tour of the World of Frozen and a VIP viewing of the Momentous nighttime spectacular 6. Team experiences: Interactive workshops, such as a DFS fragrance workshop and a traditional Tai Chi class, that demonstrated the depth of unique yet customisable experiences available for incentive groups. The second leg of the familiarisation tour, All Aboard! Hong Kong MICE - Cruise Familiarization Tour took place from July 16 to July 21, 2025. This segment was specifically designed for top travel intermediaries from 5 key source markets such as Delhi, Mumbai, Bengaluru, Chennai and Hyderabad specialising in meetings and incentive group travel, showcasing Hong Kong’s latest infrastructure, new developments and its growing appeal as a cruise hub. During the tour, delegates had an opportunity to explore landmark venues, including the West Kowloon Cultural District, featuring M+ and the Xiqu Centre. The group experienced the 2-night cruise from Hong Kong aboard the Star Voyager, operated by StarDream Cruises. The cruise programme blended leisure and entertainment with curated experiences, including onboard cocktails, themed dining, high on entertainment production show, a Caribbean pool party, as well as ship tours and presentations that showcased StarDream Cruises’ offerings curated for the India market. Delegates enjoyed an exceptional land experience throughout their stay, which included some of the best hotels operated by Marriott International Hotels and an exciting evening derby racing experience at the Hong Kong Jockey Club Happy Valley Racecourse. They explored signature attractions such as the party tram to navigate the old and new Hong Kong, The Peak tram, witnessed the newest twin pandas at Ocean Park Hong Kong, and enjoyed a VIP viewing of the Momentous nighttime spectacular at Hong Kong Disneyland. These initiatives signal HKTB’s commitment to cultivate the India market by providing destination immersion for clients and trade partners as part of a support system for MICE planners. Discussions during the FAMs detailed the comprehensive incentive schemes, in-town hospitality rewards available for groups from 20 to over 400 delegates. HKTB also showcased its Hong Kong Incentive Playbook, a dedicated program featuring over 100 curated experiences and over 40 team building ideas across arts, culture, nightlife, entertainment and wellness, empowering travel agents to design unique, high on experience. While outlining future priorities, Kumar said, In 2025, MICE visitors from India to Hong Kong recorded a strong double digit year-on-year increase. Between January and August 2025 alone, we welcomed 262,000 Indian visitors across all key segments including MICE. With India emerging as one of Hong Kong’s fastest-growing MICE markets, we aim to further diversify our experiences and offerings to reinforce Hong Kong’s position as the leading MICE destination in the region.” Photo and Video for Media: The Next Stop: Hong Kong - Corporate Buyers Familiarisation Tour (watch video), All Aboard! Hong Kong MICE - Cruise Familiarization Tour (watch video) About Hong Kong Tourism Board (HKTB) The Hong Kong Tourism Board (HKTB) is a government-subvented body tasked to market and promote Hong Kong as a travel destination worldwide and enhance visitors’ experience once they arrive. These include making recommendations to the Government and other relevant bodies on the range and quality of visitor facilities. The HKTB’s missions are to maximise the social and economic contribution made by tourism to the community of Hong Kong and to consolidate Hong Kong’s position as a unique, world-class, and most desired destination. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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