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    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
    HIGHLIGHTS
    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
    India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services
    India and Israel Conclude Second Round of Negotiations for Proposed Free Trade Agreement
    Glomo Secures Visa's Principal Membership, Becomes India's First Non-Bank Acquirer to Join the Network
    India's forex reserves jump USD 1.08 billion to USD 676.237 billion
    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
    Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions
    China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
    Rupee recovers 18 paise to settle at 96.55 against US dollar
    Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
    Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel
    30-member Indian commerce chamber delegation to visit Sri Lanka
    Rupee rises 22 paise to 96.51 against US dollar in early trade
    ED conducts raids in UP, Delhi and Punjab in Rs 450-crore bank loan 'fraud'
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    July 24, 2026
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    Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
    July 24, 2026
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    Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility.
    Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
    July 24, 2026
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    Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
    Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
    July 24, 2026
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    Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
    Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
    July 24, 2026
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    Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
    Foreign exchange market conditions saw the rupee recover against the US dollar amid reports of Reserve Bank of India intervention and dollar sales by public-sector banks to limit further depreciation. Foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions, and elevated crude oil prices continued to pressure the currency. A decline in crude prices, diplomatic engagement, and central-bank intervention were identified as potential stabilising factors.
    July 24, 2026
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    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
    Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.
    July 24, 2026
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    One District One Product strengthens district product branding, market access, food-processing support and export-oriented value chains.
    The One District One Product initiative supports district-identified products through branding, market access, exhibitions, capacity building and Government e-Marketplace onboarding. States and Union Territories select products and may leverage Central and State schemes, as no district-specific allocation is made. PM Ekta Malls and the PMFME Scheme support sales, food-processing projects, common infrastructure, branding, packaging, quality standardisation and food-safety compliance. Districts as Export Hubs promotes export-potential products through export committees, action plans and value-chain coordination.
    July 24, 2026
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    Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
    Services export promotion combines targeted market and sector strategies, removal of domestic impediments, trade agreements and export-promotion activity. Free Trade Agreements secure market access and national treatment for Indian service suppliers, support transparent and time-bound authorisation processes, and facilitate temporary mobility of skilled professionals. Mutual Recognition Agreement provisions seek recognition of qualifications and licensing requirements. The framework also addresses social-security coordination, student mobility, traditional medicine and double-taxation commitments for IT services. The Services Export Promotion Council supports market development, trade facilitation, capacity building and international outreach.
    July 24, 2026
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    Free trade agreement negotiations advance as India and Israel address market access, origin rules, customs facilitation and economic cooperation.
    India and Israel completed the second round of negotiations for a proposed Free Trade Agreement under the Terms of Reference signed in November 2025. Technical discussions covered trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, intellectual property rights, customs procedures, trade facilitation and economic cooperation. Both sides sought to narrow gaps, identify areas of convergence and work towards early conclusion of a balanced, comprehensive and mutually beneficial agreement.
    July 24, 2026
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    Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
    Visa Principal Membership enables Glomo to operate as a direct non-bank acquirer for Visa-powered merchant card payments through GIFT IFSC. It allows direct management of merchant acquisition, processing, settlement, transaction approval optimisation, fraud and risk monitoring, and dispute and chargeback handling without intermediary acquirers. The arrangement is intended to accelerate onboarding and processing, enhance control over risk policies and merchant experience, and support cross-border acceptance and settlement, including management of multiple currencies, banking systems and regulatory requirements.
    July 24, 2026
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    Foreign exchange reserves rose as foreign currency assets increased, while gold reserves fell and IMF reserve position declined.
    Foreign exchange reserves increased during the reported week, principally because foreign currency assets rose, including valuation effects from movements in non-US currencies held in reserve. Gold reserves declined, Special Drawing Rights increased, and the reserve position with the International Monetary Fund decreased. Earlier reserve declines were associated with rupee pressure and foreign-exchange market intervention through dollar sales.
    July 24, 2026
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    Consumer electronics financing enables instalment purchases of affordable earbuds through in-store loan and reusable credit facilities, subject to approval.
    Affordable Boult earbuds are described as offering extended battery life, fast charging, dynamic drivers, low-latency gaming modes, Environmental Noise Cancellation, Bluetooth connectivity, and selected active noise-cancellation features. Models are compared by audio, calling, gaming, and charging specifications. Purchases through partner stores may be financed through an Easy EMI Loan or Insta EMI Card, subject to in-store application and approval, with instalment tenures and possible zero-down-payment offers on selected models.
    July 24, 2026
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    Trade-tariff concerns and oil-price volatility deepen risk aversion, extending equity market losses amid geopolitical tensions and foreign outflows.
    Indian equity markets extended their losing streak amid caution over United States trade-tariff concerns, West Asia tensions, oil-price volatility, foreign equity outflows and selling in selected blue-chip shares. Higher oil prices were identified as a potential pressure on macroeconomic indicators and growth prospects. New import tariffs were described as a constraint for export-oriented economies, particularly technology-heavy markets, while investors may diversify exposure across emerging-market opportunities.
    July 24, 2026
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    Dual-use export controls restrict supplies to European entities amid reciprocal Russia-related sanctions and non-proliferation concerns.
    China imposed dual-use export controls on 14 European entities in response to European Union sanctions affecting Chinese and Hong Kong enterprises. Chinese companies cannot export dual-use items to the listed organisations, and foreign companies are barred from supplying them with dual-use items made in China. China stated that the restrictions protect national security and interests and support international non-proliferation obligations in the context of Russia-related sanctions.
    July 24, 2026
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    Foreign-exchange market intervention supported rupee stabilisation amid investor outflows, weak equities, geopolitical tensions and elevated crude oil prices.
    Foreign-exchange market conditions supported a rupee recovery against the US dollar following reported Reserve Bank of India intervention and dollar sales by public-sector banks. Pressure on the currency persisted due to foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions and elevated crude oil prices. Lower crude prices, a weaker dollar index and further central bank intervention were identified as potential stabilising influences.
    July 24, 2026
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    Forward-looking statements receive safe-harbor qualification amid reported IFRS performance, AI-led transformation initiatives, and revised revenue-growth guidance.
    Infosys reported first-quarter IFRS financial performance, including revenue growth, operating margin, earnings per share, free cash flow, and large-deal contract value, while revising revenue-growth guidance and retaining operating-margin guidance. The release describes AI-led enterprise transformation, cloud modernization, digital banking, financial-crime operations, and technology services engagements. Forward-looking statements are subject to safe-harbor protection and may differ materially because of business, talent, economic, technological, regulatory, cybersecurity, litigation, investigation, and tariff-related risks.
    July 24, 2026
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    Forced-labour import enforcement drives new tariffs as expiring stopgap levies and market uncertainty heighten trade-compliance concerns.
    Import tariffs were announced on goods from trading partners said not to have fully enforced prohibitions on products made with forced labour. The measures apply to imports from 60 trading partners representing most United States imports and were introduced as existing stopgap levies approached expiry, following a Supreme Court setback affecting other tariff measures. The announcement occurred amid market uncertainty linked to energy-route disruptions, rising crude-oil prices, inflation concerns, and scrutiny of artificial-intelligence investment spending.
    July 24, 2026
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    Cross-border commercial engagement supports Indian and Sri Lankan businesses in identifying partnerships and strengthening trade and investment relationships.
    Cross-border trade and investment engagement between India and Sri Lanka is proposed through a commerce chamber delegation representing diverse Indian industry sectors. A networking session is intended to enable direct interactions between businesses, identify partnership opportunities, discuss commercial collaboration and develop new business connections. The engagement seeks to strengthen commercial relationships across participating industries within the established bilateral trade and investment relationship.
    July 24, 2026
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    Foreign exchange market intervention limited rupee depreciation amid elevated oil prices, importer dollar demand, capital outflows and equity market weakness.
    Foreign exchange market conditions reflected an early appreciation of the rupee against the US dollar, with likely central bank intervention through state-owned banks reported as limiting sharper depreciation. Softer dollar conditions provided limited support, while elevated crude oil prices increased dollar demand from oil marketing companies and sustained importer buying pressure. Foreign institutional investor equity outflows, domestic equity weakness, and West Asia tensions affecting oil prices also influenced the rupee.
    July 24, 2026
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    Money-laundering investigation examines alleged bank-loan fund diversion through shell entities, accommodation entries, fake invoices and circular transactions.
    A money-laundering investigation under the Prevention of Money Laundering Act concerns alleged bank-loan fraud involving Santosh Overseas Ltd., its promoters and linked entities. Searches were conducted at premises in Uttar Pradesh, Delhi and Punjab. The investigation, arising from a Central Bureau of Investigation case, alleges diversion and layering of loan funds through shell entities, accommodation-entry operators and related companies by means of purportedly fake invoices and circular financial transactions.

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      Best CAT Online Coaching in India: Why iQuanta Tops the List

      October 31, 2025

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      New Delhi [India], October 31: Cracking one of India’s toughest and most competitive management entrance exams – CAT – demands not just hard work but also consistency, conceptual clarity, strategy, and the right guidance. With digital education taking over the traditional classroom, finding the best CAT online coaching in India is not that easy for the aspirants. Among the online available platforms, iQuanta has emerged as a trusted brand, not just because of its results, but because of the offerings it gives to its students, which include the largest peer-to-peer community, a teaching approach, relevant resources and an innovative student-driven learning model. Further in this blog, we’ll explore why iQuanta is considered the best CAT online coaching in India and what makes it stand out. iQuanta: India’s Leading CAT Platform iQuanta’s journey started on Facebook, where Indrajeet Singh (founder) solves CAT aspirants’ doubts for free. What started as a small online group soon turned into India’s largest online CAT preparation community. Students were amazed by not just his clarity of concepts but also the speed of doubt-solving that became iQuanta’s signature strength. Over time, this community evolved into a learning platform of 4 lakh+ aspirants who prepare for CAT and other MBA entrance exams like XAT, SNAP, NMAT, and IIFT. What sets iQuanta apart from other coaching platforms is its “doubt-solving within minutes” model. You shoot a doubt, and it will get solved instantly within minutes. Why iQuanta is the Best CAT Online Coaching in India Unlike traditional courses that focus on video lectures and static materials, iQuanta has built a two-way interactive learning ecosystem. Let’s break down what makes it the best online CAT coaching in India: Dual Pedagogy Model: Concept + Application iQuanta’s teaching model is based on two pillars: • Conceptual Live Classes wherein detailed topic-wise conceptual lectures for VARC, LRDI, and QA are carried out. • Application-Based Classes wherein practice sessions are designed to help students apply the learnt concepts in CAT-level questions. 24*7 Doubt Solving: Instant Doubt Solving Anytime, Anywhere The 24*7 doubt-solving assistance is iQuanta’s biggest differentiator. Every aspirant who joins iQuanta becomes part of a dedicated community where doubts are answered by mentors and peers within minutes, and that too 24*7. This real-time doubt-solving tool allows students to learn without getting stuck in between and creates a fast-paced, motivating environment that maintains consistency throughout the CAT preparation journey. CAT Mock Test Series & AI Mock Analysis A full-length iCAT Mock Series is designed by iQuanta’s top CAT mentors as per the latest CAT exam patterns, giving students a real exam-like environment. Students are also offered to solve sectional mocks for Quant, VARC, and LRDI, which helps in tracking progress in each section and knowing weaker areas individually. iQuanta’s AI-powered mock analysis gives detailed insights into students' performance. After each attempted mock, the AI-based system provides section-wise performance, strength & weakness mapping, time spent per question, and percentile analysis. This helps students in understanding the areas of improvement and strategising further. Largest Learning Community of 4 Lakhs+ Students One of the major advantages of joining iQuanta is being part of India’s most active CAT preparation community, where students can discuss problems, share strategies, and celebrate together – something that keeps them motivated throughout their CAT preparation journey. Meet iQuanta’s Top CAT Mentors The success of iQuanta lies in its experienced mentors who simplify CAT-level concepts and guide students personally. iQuanta was founded by Indrajeet Singh, also called the “Wizard of Quants”, and is known for breaking down complex problems into simple logic. Other top CAT faculties at iQuanta are Kamal Lohia (99%iler, Quant & LRDI expert), Abhishek Leela Pandey (99.9%iler, Quant & VARC expert), Raj Kumar Jha (6 times 100%iler, Quant expert), and Shabana (99.5%iler, VARC expert). Their personalised mentorship and motivational sessions help students stay consistent even during the toughest phases of the CAT preparation. Customised Modules for Engineers and Non-Engineers iQuanta’s one of the unique features is its customised modules for engineers and non-engineers. This student-driven approach of iQuanta’s mentors is remarkable and should be applauded. • The Engineers Module is designed for those students who struggle with the LRDI and VARC sections; as engineers, their math basics are usually good. The focus of iQuanta’s engineer module is basically on strengthening RCs, verbal reasoning, and LRDI, along with ensuring speed and accuracy. • The Non-Engineers’ Module helps students overcome their maths anxiety and build their confidence level step-by-step. iQuanta’s Non-Engineers’ module starts with building the basics of the Quant section and gradually moves towards higher CAT-level concepts. LRDI Essentials The LRDI (Logical Reasoning and Data Interpretation) section has become the most challenging part of the CAT in recent years. To overcome this, iQuanta introduced the LRDI Essentials, a program designed to improve analytical thinking, pattern recognition, and time management. This module provides shortcut techniques to improve speed and accuracy, and also provides regular LRDI marathons. Proven Track Record with IIM Conversions iQuanta’s proven track record speaks volumes. In CAT 2024, more than 20 questions were directly from iQuanta’s sessions. More than 500 students of iQuanta have secured above 99%ile in CAT 2024 and got admission into IIM Ahmedabad, Bangalore, Calcutta, and Lucknow, proving that it is not wrong in calling iQuanta the best CAT online coaching in India. This success came from iQuanta’s student-driven preparation model, which focuses on concept clarity, daily practice sessions, and performance tracking. Beyond Classes: Additional iQuanta Offerings To provide an all-round learning experience, iQuanta also offers: • Daily practice questions and sectional tests • Concept PDFs and revision notes • CAT Toppers’ strategy sessions • WAT-GD-PI mentorship after CAT results • Profile-building support for IIM shortlists These add-ons ensure that students are guided right from their mock test to their final interview, making iQuanta the best CAT online coaching in India. So Start Your CAT Prep With the Best CAT Online Coaching When it comes to CAT online preparation, very few online platforms deliver the best and most consistent results, genuine mentorship, and peer-to-peer support like iQuanta. From its 24*7 doubt-solving assistance and AI-driven tool to affordable, interactive courses, iQuanta ensures that every aspirant—whether a college student or a working professional, whether an engineer or a non-engineer—gets the best guidance and mentorship. If you are serious about cracking the CAT and looking for the most trusted, engaging, and effective learning experience, iQuanta is undoubtedly the best CAT online coaching in India. Get access to live classes, AI mock tests, LRDI essentials, and personal guidance from India’s top mentors—all in one platform. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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