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    India and Mali Hold Inaugural India–Mali Forum for Promotion of Exports to Deepen Bilateral Trade and Investment Cooperation
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman and H.E. Mr. Roland Lescure, Minister of Economy, Finance, Industrial, Energy, ...
    Rupee rises 17 paise to close at 95.18 against US dollar
    Indian officials to testify before US Trade Representative to counter tariff move
    Nagaland gets first UIDAI Aadhaar Seva Kendra as enrolment lags national average
    Targeting 16-17 pc growth in goods exports, 11 pc in services in FY27: Goyal
    ED auctions seized business jet for Rs 3-cr in Ponzi case
    India's forex kitty drops USD 5.65 bn to USD 666.93 bn
    DPIIT Engages with Startups under FICCI Mercedes-Benz Bharat Innovation & Business Ideas Challenge Programme
    NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) Act
    Rupee rises 14 paise to close at 95.21 against US dollar
    Mumbai's first desalination project underway; water tariff to rise marginally: Minister
    ICAR panel to study Totapuri mango price crash in Andhra Pradesh
    SC halts Delhi government's CAG audit of private discoms
    Rupee rises 19 paise to 95.16 against US dollar in early trade
    RBI tells Par panel that virtual digital assets like cryptocurrency a threat to economy
    From first arrival in 1790 to present - diaspora group traces Indian-American journey
    Meghalaya recorded 32 crore digital transactions in 2025-26: Official
    ED attaches Rs 58-crore assets of wife of Bhushan Steel's ex-promoter
    Power tariffs to remain unchanged in UP for 7th straight year: Govt
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    July 4, 2026
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    Trade and investment cooperation deepens as India and Mali identify priority sectors, matchmaking opportunities and export facilitation measures.
    India and Mali institutionalised their bilateral commercial engagement through the inaugural India-Mali Forum for the Promotion of Exports, aimed at deepening trade and investment cooperation through B2B, B2G and G2G matchmaking, exhibition visits and sectoral discussions in renewable energy, pharmaceuticals, textiles, automotive manufacturing and mining. The parties identified cotton and textiles, mining and energy, agro-industry and shea processing, pharmaceuticals, and social infrastructure as priority sectors, while Mali also sought support for digitising its Certificate of Origin system and prompt registration of approved Indian pharmaceutical products.
    July 4, 2026
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    Bilateral economic cooperation deepens as India and France expand dialogue on critical minerals, investment, railways and financial ties.
    India and France advanced bilateral economic and financial cooperation through the India-France Economic and Financial Dialogue, focusing on alignment in multilateral economic platforms, including the G20 and Paris Club, and on broader views of the world economic outlook. The discussions covered cooperation in critical minerals, economic sovereignty and security policy, efforts to increase cross-investment, expand collaboration in the high-speed railway sector, and further connect the financial industries of both countries.
    July 3, 2026
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    Rupee gains amid weaker dollar index and reserve rebuilding, even as importer demand keeps pressure on the currency.
    The rupee appreciated against the US dollar as the dollar index retreated from recent highs and domestic equities remained positive, though the currency continued to face pressure from strong dollar demand by importers and corporate hedgers. Foreign exchange reserves were reported to have declined, with the Reserve Bank of India stated to be actively purchasing dollars to rebuild reserves.
    July 3, 2026
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    Forced labour tariffs face Indian challenge over alleged legal flaws and compliance-based export supply chains.
    India is preparing to contest a proposed US tariff action linked to allegations of forced labour in export supply chains, arguing that the underlying findings are legally flawed and fail to consider the effect on American businesses and consumers. Industry bodies have said that India's domestic legal regime is robust and that export supply chains operate within established compliance systems emphasising traceability, supplier due diligence, independent audits and responsible sourcing. Sectoral submissions also state that forced labour is inconsistent with legitimate operating practices.
    July 3, 2026
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    Aadhaar enrolment and biometric updates gain push with Nagaland's first Seva Kendra to widen public access.
    Nagaland's first UIDAI Aadhaar Seva Kendra was inaugurated at Dimapur to improve Aadhaar enrolment and update services in the state, where enrolment remains well below the national saturation level. The centre is intended to make Aadhaar services more accessible to the public and to support wider coverage across districts where enrolment rates continue to lag.
    July 3, 2026
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    Export growth targets set for merchandise and services as India aims for a one trillion dollar total export milestone.
    India has set export growth targets for the current fiscal year, aiming for 16-17 per cent growth in merchandise exports to USD 530 billion and 11 per cent growth in services exports to USD 470 billion in 2026-27. The overall target for total exports has been fixed at USD 1 trillion for the fiscal year.
    July 3, 2026
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    Money laundering investigation allows auction of seized aircraft for investor restitution under anti-money laundering law.
    Enforcement Directorate auctioned a seized business aircraft in a money-laundering investigation arising from alleged investor fraud through a Ponzi scheme. The aircraft was sold after the agency sought permission to dispose of the property under the Prevention of Money Laundering framework and the adjudicating authority allowed the auction. The sale proceeds are stated to be available for restitution to genuine investors in accordance with the Prevention of Money Laundering Act, subject to leave of the Special Court.
    July 3, 2026
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    Foreign exchange reserves decline as gold reserves fall sharply and central bank data shows weaker currency assets.
    India's foreign exchange reserves declined during the reporting week ended June 26, falling by USD 5.654 billion to USD 666.933 billion. The decrease was driven mainly by a sharp fall in gold reserves, which dropped by USD 5.394 billion, while foreign currency assets also edged down. Smaller reductions were recorded in special drawing rights and the reserve position with the IMF. The article notes that earlier reserve gains were followed by weeks of decline as the rupee came under pressure and market intervention involved dollar sales.
    July 3, 2026
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    Startup mentoring and compliance support framework advances ecosystem growth through funding, legal guidance, and market readiness support.
    A structured post-funding mentoring and handholding framework has been announced for the selected startups, covering business, regulatory, financial, legal, investment and technology support. The framework includes specialised mentoring on regulatory and legal compliance, taxation, fund utilisation, fundraising strategy, valuation, term sheet negotiations, data privacy, cybersecurity and intellectual property protection, together with Demo Days and the Sounding Board Programme to improve market readiness, strategic positioning and partnership opportunities.
    July 3, 2026
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    Debt and default threshold shape insolvency admission under the amended framework, alongside new approval and resolution requirements.
    The Insolvency and Bankruptcy (Amendment) Act 2026 is described as requiring debt and default to be established before the National Company Law Tribunal admits a case. The amended framework also alters security interest creation, restructures insolvency administration, requires CCI approval before submission of a resolution plan, and requires the committee of creditors to record reasons while approving a plan. Certain features, including cross-border insolvency and CIIRP, are stated to be not yet in force.
    July 3, 2026
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    Rupee appreciation reflects weaker dollar index, even as importer demand and foreign outflows keep pressure on the currency.
    The rupee appreciated against the US dollar in interbank foreign exchange trade, supported by a weaker dollar index and gains in domestic equities, but remained under pressure from dollar demand by importers and corporate hedgers. It moved within a narrow range before closing stronger at 95.21 against the US dollar, while market commentary noted Reserve Bank of India dollar buying to rebuild foreign exchange reserves and continued foreign investor selling in Indian equities.
    July 3, 2026
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    Desalination project for Mumbai's water supply advances with limited tariff increase and key approvals secured.
    Mumbai's first desalination project has moved ahead with a work order issued and key approvals secured to strengthen the city's drinking water supply. The project, undertaken for the Brihanmumbai Municipal Corporation by an expert firm, is intended to meet rising demand through an alternative source as existing dam-based supplies become insufficient. The government says the tariff impact will be limited, while remaining statutory clearances are still being processed.
    July 3, 2026
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    Totapuri mango price crash prompts review of value chain, farmer incomes, processing capacity and export bottlenecks.
    A high-level committee under the Indian Council of Agricultural Research has been constituted to study the sharp fall in Totapuri mango prices in Andhra Pradesh and the distress caused to growers. The panel will review the Totapuri mango value chain across cultivation, processing, marketing, domestic trade and exports, examine cultivation costs, farmer incomes, processing capacity utilisation, demand-supply trends, and the causes of the price decline in domestic and export markets, and identify bottlenecks and opportunities across the sector.
    July 3, 2026
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    CAG audit of private discoms raises legality questions over regulatory assets and tariff recovery framework.
    A dispute concerns the legal permissibility of the Delhi Electricity Regulatory Commission's initiation of a CAG audit of three private distribution companies in relation to accumulated regulatory assets recoverable through future tariffs. The matter arises from competing views on whether the audit could be entrusted to the Comptroller and Auditor General or whether the statutory framework required appointment of an independent chartered accountant instead. The proceedings also involve the broader issue of accumulation and liquidation of regulatory assets, with the status of the audit and related steps remaining under judicial consideration.
    July 3, 2026
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    Rupee pressure persists despite weaker dollar and crude, as import demand and reserve rebuilding limit gains.
    The rupee appreciated in early interbank trade as the dollar index eased from recent highs and Brent crude traded lower, but the currency remained under pressure from sustained dollar demand by importers and corporate hedgers. Foreign exchange commentary also indicated that the Reserve Bank of India was focused on rebuilding forex reserves, leaving less room for the rupee to strengthen freely even when external conditions were supportive. Foreign investors continued net selling in Indian equities amid global risk aversion and higher US bond yields.
    July 2, 2026
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    Virtual digital assets face regulatory resistance as the central bank warns of illegal use, tracking challenges, and economy-wide risks.
    Virtual digital assets, including cryptocurrency, were described as posing risks to an emerging economy because of potential misuse for illegal activity, difficulty in tracking offshore entities, and broader regulatory challenges. The Reserve Bank of India stated that such assets should not be legalised in India at this stage. The Institute of Chartered Accountants of India supported a comprehensive VDA law and proposed guidance on recognition, measurement, presentation, disclosure, financial reporting, and compliance frameworks.
    July 2, 2026
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    Indian-American diaspora contributions are traced through a curated history spanning migration, science, politics, business, and culture.
    Indian-American diaspora history and contributions are traced through a curated project covering 250 defining moments across 15 categories of American life. The selection is described as research-based and externally reviewed, but not comprehensive. It highlights milestones in migration, citizenship, medicine, politics, corporate leadership, entrepreneurship, yoga, science, and cuisine, illustrating the community's growing influence in the American story.
    July 2, 2026
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    Digital financial inclusion in Meghalaya expands through Jan Dhan accounts, digital transactions, and a stronger focus on cyber resilience.
    Digital financial inclusion in Meghalaya expanded through the JAM framework, Direct Benefit Transfer and Digital Public Infrastructure, with 32.76 crore digital transactions during 2025-26 and nearly 10 lakh Jan Dhan accounts. Officials said about 98 per cent of account holders had adopted at least one digital mode of transaction, and the next phase should focus on financial literacy, cyber resilience and meaningful use of digital financial services, particularly in rural areas.
    July 2, 2026
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    Money laundering attachment of assets linked to alleged fund diversion, off-books sales and bogus capital gains entries
    Attachment of assets under the Prevention of Money Laundering Act in a money laundering case linked to alleged diversion of funds from Bhushan Steel Ltd. The Enforcement Directorate attached land, part of a residential property, equity shares and bank balances standing in the name of Ritu Singal, wife of former promoter Neeraj Singal, through a provisional order valuing the properties at more than Rs 58 crore. The action arose from allegations that funds were diverted under the guise of genuine transactions and that cash generated from the off-the-books sale of zinc ingots was routed into accommodation entries and unaccounted bank deposits.
    July 2, 2026
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    Electricity tariffs remain unchanged in Uttar Pradesh as subsidy support grows and EV charging gets lower solar-hour rates.
    Electricity tariffs in Uttar Pradesh are to remain unchanged across consumer categories for the seventh consecutive year for 2026-27, with a higher tariff subsidy supporting lifeline consumers, rural and urban poor families, private tube well operators and rural metered consumers. Although a regulatory gap was identified, no tariff hike was recommended in view of regulatory surplus and improved financial management. The tariff order also retains the green energy additional tariff and introduces provisions for battery swapping stations, Battery as a Service providers and a lower tariff for EV charging stations during solar hours.

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      Tetra Pak Start-up Challenge Winner, ZUMI, Launches Lactose-Free, No Refined Sugar Milkshakes

      September 24, 2025

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      From idea to product in 8 months, supported by Tetra Pak and Startup India Delhi, India (NewsVoir) Beanery Foods, a Hyderabad-based startup, has launched a range of lactose-free, no refined sugar, clean-label milkshakes, crafted for those with lactose intolerance, digestive sensitivities and the fast-growing community of health-conscious Indians seeking smarter indulgences. Launched under the brand name ‘Zumi’, the naturally creamier and sweeter lactose-free formula is gentler on the gut and sweetened with monk fruit and jaggery, making it a healthier alternative. The product is now available across three cities, including Bengaluru, Hyderabad and Chennai via www.zumifoods.com and amazon and will soon be available on quick commerce platforms. ZUMI is one of the winners of Startup Challenge 2024 by Tetra Pak India, in partnership with Startup India, an initiative aimed at fostering innovation in India’s F&B ecosystem. Through the programme, Zumi received comprehensive support in product development, mentorship, and commercialization, along with access to Tetra Pak’s Product Development Centre in Chakan for hands-on assistance in product formulation and testing. The milkshakes come in three delectable flavours inspired by the Indian desserts including Rose Kulfi, Rasmalai, and Chocolate- catering to varied palates across the country. Packaged in convenient, hygienic, ready-to-drink Tetra Pak packaging, Zumi’s milkshakes are designed for today’s on-the-go consumer, with each 200ml package serving delivers 6–7 grams of protein. Lactose-Free Formula for Everyone Lactose-free milk delivers the same rich nutritional profile as regular milk, while being easier to digest. This makes it a smarter everyday choice for a spectrum of consumers - from fitness enthusiasts, schoolchildren, and working professionals, to individuals with digestive sensitivities, and anyone seeking a healthier lifestyle. Milk is a dietary staple in India, and nearly 30% of consumers recognize their lactose intolerance—despite studies indicating that up to 70% may actually be affected. Zumi’s products are thoughtfully crafted to meet these varied dietary needs, transforming everyday indulgences into healthier, functional choices—without compromising on taste or experience. Naturally Sweeter, Makes for a Dessert with No Guilt Lactose-free milk is made by adding lactase [naturally occurring enzyme], which breaks down lactose into simpler sugars (glucose and galactose), making it naturally sweeter than regular milk. Combining lactose-free milk with natural zero GI sweeteners like monk fruit gives ZUMI Milkshakes it’s creamy rich taste which makes these milkshakes an ideal alternative to calorie-heavy desserts. Perfect when served straight from the pack, or even as a base for smoothies and healthy dessert recipes, Zumi’s shakes bring convenience, nutrition and delectable flavour to the table. Commenting on the launch, Thapasya Vijayaraghavan, Founder, Zumi Foods, said, “We are excited to serve the ever-conscious Indian consumer with our clean, lactose-free, no refined sugar milkshakes and redefine how India snacks and indulges. At ZUMI, our vision is to make better-for-you indulgence a joyful, guilt-free choice for everyone, combining nutrition with exceptional taste. Lactose-free milk retains all the nutrition of regular milk while being gentler on the gut and naturally sweeter, making it a healthier choice for everyone-not just those with lactose intolerance. With the extraordinary support and mentorship of Tetra Pak and Startup India, we’ve transformed our vision into reality-redefining indulgence in India-where taste meets health, without compromise.” Cassio Simoes, MD, Tetra Pak South Asia, added, “At Tetra Pak, we see it as our responsibility as an industry leader to nurture India’s food and beverage ecosystem. Zumi brings a refreshing perspective to India’s beverage space, combining functionality and flavour, and we are delighted to have supported their journey from concept to shelf through our Startup Challenge—providing access to our global expertise, infrastructure, and mentorship. As we continue to collaborate with promising entrepreneurs, our goal is to build a stronger, more sustainable F&B ecosystem that benefits consumers, startups, and the industry.” Sanjiv Singh, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Startup India said, “India’s startup ecosystem has become one of the most dynamic in the world, with over 180,000+ recognised startups across 770+ districts (as of August 2025). Nearly 52% of them are from tier-2 and 3 cities. Home-grown startups are therefore in a unique position to combine global best practices with local insights, creating products that resonate with modern Indian consumers and push India’s reputation as a hub for food & beverage innovation. We are proud to support initiatives like Tetra Pak’s Start-Up Challenge and remain committed to fostering an ecosystem where these startups can scale, generate meaningful employment, and help India capture even greater value from its innovation landscape.” With the launch of its no refined sugar, lactose-free milkshakes, Zumi Foods is setting a new benchmark for healthy indulgence in India. Over the coming year, the brand aims to expand its footprint across more cities, introduce new flavours, in paper-based Tetra Pak packaging - continuing its mission to make functional, clean-label beverages accessible to all. Know more about Tetra Pak’s technology here: Tetra Pak - lactose-free milk production. About Zumi Foods Zumi Foods is a Hyderabad-based startup redefining everyday dairy with its range of lactose-free, no refined sugar, protein-rich, clean-label milkshakes. Founded by a young entrepreneur, Thapasya Vijay, who discovered her own lactose intolerance, the brand was born out of a need to create indulgent yet functional alternatives in a country where dairy beverages is a staple. Over time, she realized that lactose-free milk isn’t just for lactose intolerant, it can be gentler on the gut, naturally sweeter, and a healthier choice for everyone. With flavours inspired by India’s culinary heritage and crafted for the modern, health-conscious consumer, Zumi Foods is on a mission to make smarter, healthier indulgence accessible to all. (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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