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    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
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    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
    Show AI Summary
    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
    August 13, 2026
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    Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
    Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
    August 13, 2026
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    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
    SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.

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      Policymakers, Industry, and Global Leaders Converge at GSA 2025 to Strengthen Sustainability Partnerships

      September 29, 2025

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      New Delhi, September 27: The INOXGFL Group presents ET Edge Global Sustainability Alliance 7th Annual Meeting, co-presented by Yes Bank and co-powered by Yara Fertilizers and Bennett University, successfully concluded today in New Delhi, convening India’s leading policymakers, corporate leaders, innovators, civil society representatives and esteemed industry partners like Sunsure and Delhi Indira Gandhi International Airport | GMR. The platform brought together senior policymakers, global dignitaries, corporate leaders, and innovators to deliberate on India’s roadmap for achieving the United Nations Sustainable Development Goals (SDGs). The meeting featured distinguished leaders including Suman Bery, Vice Chairman, Niti Aayog; Minister for Industries, Food & Supplies, Environment, Forest & Wildlife, Government of NCT of Delhi; Dr. Saurabh Garg, Secretary, Ministry of Statistics & Programme Implementation; Tanmay Kumar, Secretary, Ministry of Environment, Forest & Climate Change; Devansh Jain, Executive Director, INOXGFL Group; and Dr. Angela Lusigi, Resident Representative, UNDP India. Their participation emphasised the growing alignment of policy, governance, industry, and international cooperation in advancing India’s sustainability agenda. Discussions highlighted the importance of collective action and data-driven strategies to scale impact and drive meaningful change.

      The event also saw participation from prominent global and industry voices, including Rasmus Abildgaard Kristensen, Ambassador of Denmark to India; Cristiano Pasini, UNIDO Representative in India; Arun Misra, CEO, Hindustan Zinc, Vedanta Group; Promeet Ghosh, MD & CEO, Crompton Greaves Consumer Electricals; Vishal Sharma, CEO – Chemicals, Godrej Industries; and Jyoti Malhotra, MD, Volvo Car India. Their interventions emphasized the role of innovation, responsible business practices, and international collaboration in driving the sustainability agenda forward.

      Setting the economic context, Manish Jain, Executive Director, YES BANK, noted: “India is on track to become the world’s third-largest economy. India is expected to achieve an annual growth rate of about 6.7 percent and reach that status by fiscal year 2030-31. India’s GDP is projected to grow to US$5.7 trillion by 2028. Climate change is affecting every region and sector of our country. The imperative now is to strike a balance between growth, resilience, and sustainability. The Government of India has adopted a mission to build an inclusive and climate-resilient economy. Experts estimate that the country will require trillions of dollars in investment over the coming decades to decarbonize, upgrade infrastructure, and meet climate targets.” Highlighting the evolving role of finance leaders, Kaushik Mitra, Vice President & Chief Financial Officer, PepsiCo India, remarked: “The CFO role today is not just about financial management but also about driving performance and transformation across the company. In my view, environmental discussions are no longer a ‘nice-to-do’ but a ‘must-do’ element of boardroom strategy. We are engaging with hundreds of SMEs, farmers, service providers, and local communities. For us, the larger purpose is to leverage all stakeholders, build awareness, and enhance capabilities. This is where I believe the real momentum for the sustainability agenda will come from.” Bringing the conservation lens, Saurabh Bhardwaj, Director, Climate Change Hub, WWF-India, stressed, “The conversation around sustainability must shift from CSR to a core business mandate, as climate and nature are no longer peripheral concerns. With 44% of global GDP dependent on nature, there is substantial value, opportunity, and risk tied to biodiversity and climate change.” Underlining bilateral momentum, Mathias Emil Bengtsson, First Secretary, Trade Policy and Economic Affairs, Royal Danish Embassy, said, “Sustainability and climate action are central to the Indo-Denmark partnership, making it one of the most defining aspects of bilateral cooperation. In 2020, India and Denmark launched the Green Strategic Partnership, a first-of-its-kind agreement for India focused on advancing green growth, renewable energy, water management, and sustainable urban development. Both nations are collaborating on offshore wind, energy efficiency, and smart cities, combining Denmark’s expertise in green technologies with India’s scale and innovation capacity.” Reinforcing the strength of UK-India ties, Anna Shotbolt, Deputy Trade Commissioner for South Asia, British High Commission, observed: “India and the United Kingdom share a strong commitment to tackling climate change, and their partnership has deepened through joint initiatives and policies aimed at accelerating sustainable development. The India-UK Roadmap 2030 and the India-UK Climate Partnership, launched at COP26, underline collaboration in areas like clean energy, green hydrogen, electric mobility, sustainable finance, and climate resilience.” Bringing in Norway’s perspective, Bjørn Iversen, Director- Innovation Norway India and Commercial Counsellor, Royal Norwegian Embassy, emphasized, “The India–Norway climate partnership is founded on shared goals of sustainability, clean energy, and global climate action. A central pillar is the Blue Economy for Sustainable Development, focusing on oceans, fisheries, and marine biodiversity. India’s target of 500 GW renewable capacity by 2030 and net-zero by 2070 aligns with Norway’s net-zero goal by 2050.” Highlighting the urgency of renewable energy, H.E. Rasmus Abildgaard Kristensen, Ambassador of Denmark to India, added, “India has made significant strides in demonstrating how large-scale renewable energy and sustainable solutions can be implemented effectively. With an ambitious goal of 500 GW of non-fossil fuel energy capacity by 2030, India is rapidly expanding solar, wind, and hydro power, showcasing its ability to combine scale with innovation.” In addition to the main plenary sessions, the event hosted a parallel track featuring industry-focused sessions that delved into sector-specific sustainability challenges and opportunities. These sessions brought together corporate leaders, innovators, and policymakers to discuss actionable strategies across key sectors such as energy, chemicals, manufacturing, mobility, and consumer goods. Participants explored topics ranging from renewable energy adoption and energy-efficient technologies to circular economy practices and food and agriculture, fostering targeted dialogue and knowledge exchange that complemented the broader discussions on national and global sustainability priorities.

      Adding further depth to the deliberations, two special segments were hosted alongside the plenary sessions. The RT Masterclass offered executives sector-specific insights into sustainable business strategies, while the Startup Forum spotlighted emerging entrepreneurs developing innovative solutions for pressing environmental challenges.

      As part of the Planet Buddy campaign, a sustainable artwork installation was unveiled, crafted from recycled plastic in the form of turtles. This creative effort highlighted the urgent need to tackle plastic pollution and protect marine life. By transforming recycled waste into meaningful art, the campaign underscored the role of sustainability in everyday action and inspired collective responsibility toward preserving oceans and biodiversity.

      Themed “Bridging Partnerships for a Greener Tomorrow,” the 2025 edition underscored India’s pivotal role as a global sustainability leader. With less than five years to go before the 2030 SDG deadline, speakers reiterated the urgency of collaborative action, calling for governments, businesses, and civil society to come together and ensure measurable, inclusive progress.

      (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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