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    India-EU TTC meet: Goyal says work program on FDI screening concluded
    India logs USD 2.8 bn current account surplus in April-May: RBI data
    Cong leader Baghel alleges BJP links to Mahadev betting app after Ebix Group chairman's arrest
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July 15, 2026
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Foreign investment screening cooperation advances investment flows alongside trade, technology, supply-chain resilience and prospective investment-protection commitments.
India and the European Union concluded a work programme on foreign direct investment screening, exchanging best practices to facilitate investment flows. Trade and Technology Council cooperation addresses market access, standards harmonisation, supply-chain requirements, deep-tech innovation and critical dependencies. The parties also discussed free trade agreement ratification, World Trade Organization reform, and prospective investment-protection and geographical-indications agreements. The Council provides an institutional mechanism for cooperation on trade, trusted technology and economic security.
July 15, 2026
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Balance of payments reporting shows a current account surplus despite a wider trade deficit and portfolio investment outflows.
Balance of payments data for April-May 2026 records a current account surplus, supported by increased net services receipts, higher inward remittances and a marginal reduction in net income outgo. The merchandise trade deficit widened as imports rose more than exports. The overall balance of payments moved into deficit, while net foreign direct investment increased and net foreign portfolio investment recorded a larger net outflow.
July 15, 2026
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Online betting money laundering investigation examines alleged proxy accounts, simulated salary payments, cross-border routing, and custodial investigation of the money trail.
Money-laundering allegations concerning an online betting syndicate involve purported routing of betting proceeds through fictitious or proxy bank accounts, simulated salary payments, share-capital investments, and foreign institutional channels. An Ebix Group chairman was arrested in connection with the alleged money trail and remanded for investigation. The investigating agency states that prosecution complaints have been filed and that separate state economic-offence and central investigations address connected cases. Political-link allegations were denied, and the stated laundering assertions remain under investigation.
July 15, 2026
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Money laundering asset attachment addresses alleged fund diversion through false invoices, inflated construction costs, shell entities and accommodation entries.
Provisional attachment under the Prevention of Money Laundering Act was undertaken in an alleged financial-fraud investigation involving a hospital company. The allegations concern diversion of company funds through purportedly false medical-implant invoices and inflated hospital-construction costs routed through a related company. Accommodation-entry operators and shell entities were allegedly used to conceal the origin of illicit funds. The proceeding arose from a Serious Fraud Investigation Office chargesheet against the hospital promoters.
July 15, 2026
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Money-laundering investigation into online betting proceeds leads to custodial remand amid allegations of layered fund routing.
A special PMLA court remanded Ebix Group chairman Vikas Garg to Enforcement Directorate custody in an investigation into alleged money laundering linked to online betting operations. The agency alleged that betting proceeds were routed through accommodation entries, shell entities and layered transactions into entities owned or controlled by Garg, and were used to acquire shares, securities and other assets. It also alleged dissipation or encumbrance of Ebix shares and an attempt to mortgage or sell property treated as proceeds of crime.
July 15, 2026
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India-UK CETA tariff elimination strengthens export prospects for labour-intensive leather, jute, jewellery and agricultural products in British markets.
India-UK CETA tariff concessions are expected to improve West Bengal's export competitiveness in the United Kingdom. Duty-free access applies to tea, mangoes and betel leaves, while import duties on jewellery have been removed. Labour-intensive leather, jute, and gems and jewellery sectors are identified as principal beneficiaries, with tariff removal also improving seafood export prospects. Further competitiveness measures are proposed to help exporters use the agreement's trade opportunities.
July 15, 2026
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Zero-duty market access under CETA enables Indian jewellery exporters to enter overseas markets without import tariffs.
Zero-duty access under the India-UK Comprehensive Economic and Trade Agreement enables eligible Indian gem and jewellery exports to enter the United Kingdom market without UK import tariffs. The agreement is expected to improve market access and support value-added manufacturing, employment, skill development, and the participation of artisans, micro, small and medium enterprises, and exporters in West Bengal's gem and jewellery sector.
July 15, 2026
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UK-India trade agreement introduces wider market access, tariff reductions and social security arrangements to support bilateral commerce.
The UK-India Comprehensive Economic and Trade Agreement has entered into force, providing expanded market access, tariff reduction and trade facilitation. India receives zero-duty access for nearly all exports to the UK, while UK products entering India receive duty-free or reduced-tariff treatment. The framework covers goods including textiles, leather, engineering products, food, cosmetics, alcoholic beverages and premium cars. A bilateral social security agreement has also been operationalised to support wider commercial engagement.
July 15, 2026
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Data governance expectations propose stronger lifecycle controls, quality standards, accountability and third-party data-sharing safeguards for regulated financial entities.
Draft regulatory guidance on data governance proposes expectations for regulated financial entities to maintain data that is accurate, consistent, secure and fit for purpose. The framework addresses data-governance arrangements, defined roles, data architecture, metadata and data lineage, data quality, and third-party data-sharing arrangements. It applies to specified banking entities, financial institutions, non-banking financial companies, asset reconstruction companies and credit information companies, and invites stakeholder feedback on the proposed framework.
July 15, 2026
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Semiconductor and mobile manufacturing incentives support domestic production, component sourcing, design investment, exports and resilient electronics supply chains.
Semicon 2.0 and the Mobile Phone Manufacturing Scheme provide manufacturing support to expand domestic electronics production, exports and local value addition. Semicon 2.0 covers chip design, equipment and materials, fabrication, advanced packaging and testing, research, and talent development, while supporting semiconductor intellectual property and critical-component manufacturing. The mobile-phone scheme provides production-linked incentives linked to eligible sales, with additional support for domestic component sourcing and Indian investment in product design and research. The measures seek to reduce import dependence and strengthen domestic critical-technology capabilities.
July 15, 2026
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India-UK trade liberalisation expands tariff preferences, services access and skilled professional mobility while preserving protections for sensitive domestic sectors.
The India-United Kingdom Comprehensive Economic and Trade Agreement establishes preferential tariff treatment for goods and expands cooperation in services, digital trade, government procurement, investment and professional mobility. India retains protections for sensitive sectors through phased tariff reductions and quota-based access, while duties on British automobiles and alcoholic beverages are reduced in stages. The accompanying social-security convention exempts eligible Indian professionals temporarily assigned to the United Kingdom from simultaneous contributions in both jurisdictions, supporting skilled-worker mobility and reducing employment-related costs.
July 15, 2026
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Railway capacity augmentation strengthens multimodal connectivity, freight movement, operational reliability and lower-emission transport across Odisha and Jharkhand.
Railway capacity augmentation is approved through doubling of the Paradeep-Haridaspur route and construction of a fourth line on the Rajkharsawan-Dangoaposi route. The projects aim to reduce congestion, improve railway operational efficiency and reliability, and strengthen integrated multimodal connectivity. Enhanced capacity is intended to support freight transport of coal, iron ore, dolomite, limestone and gypsum, improve regional and tourist connectivity, promote logistics efficiency, and reduce oil imports and carbon emissions.
July 15, 2026
Show AI Summary
Urea investment policy promotes gas-based domestic manufacturing through transparent cost treatment, return-on-equity parameters, and foreign-exchange risk mitigation.
NIPU-2026 provides a framework for investment in new gas-based urea manufacturing units to increase indigenous production and reduce reliance on imported urea. It separates fixed and variable costs for transparency, provides a prescribed return-on-equity band, and mitigates foreign-exchange exposure through conversion of fixed costs into Indian rupees after four years at prevailing exchange rates. The policy supports self-sufficiency through additional domestic urea manufacturing capacity.
July 15, 2026
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Greenfield elevated corridor development strengthens multimodal connectivity, urban decongestion, road safety and pilgrimage access through the Hybrid Annuity Model.
Development of a six-lane greenfield elevated connector corridor between National Highway-19 and the Varanasi Ring Road has been approved under the National Highways (Original) programme through the Hybrid Annuity Model. The access-controlled corridor includes elevated road infrastructure, bridges, loops, ramps, link roads and service roads, and is intended to divert through traffic from congested urban roads. Aligned with the PM Gati Shakti National Master Plan, it integrates road, rail, air and inland-water connectivity while improving access to logistics, religious, educational and cultural destinations.
July 15, 2026
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Hybrid annuity corridor development advances urban decongestion, multimodal connectivity, safer travel and efficient passenger and freight movement.
A predominantly elevated 6/4-lane link and connector corridor along the Varuna River Bank has been approved under the Hybrid Annuity Model. Comprising carriageways, flyovers, loops, ramps and service roads, it will connect NH-31 with the Varanasi Ring Road under the Varanasi Decongestion Plan. The corridor is intended to reduce congestion and travel time, improve safety and freight movement, and strengthen access to transport, economic, social and logistics nodes through multimodal integration.
July 15, 2026
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Personal loan disbursal incentives provide eligible borrowers reward bundles, subject to eligibility conditions, verification, assessment and applicable terms.
Personal loan disbursal incentive campaign offers eligible borrowers an entertainment and lifestyle voucher bundle upon successful disbursal during the specified promotional period. Reward availability is conditional on customer eligibility and applicable terms and conditions. The collateral-free, digitally processed credit facility involves eligibility-based approval, review of loan terms, KYC and bank-account verification, and application assessment before disbursal.
July 15, 2026
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Domestic-demand weakness slows China's economic growth despite export support from artificial-intelligence technology and electric-vehicle demand.
China's economic growth slowed in the second quarter amid weak domestic demand, property-market weakness, subdued consumer confidence and higher energy costs. Export demand, especially for artificial-intelligence technology and electric vehicles, supported foreign trade and industrial production, but underscored reliance on overseas demand. Property investment and new-home prices continued to decline, while youth unemployment remained elevated. Further support measures focused on new infrastructure could be considered as investment growth weakens and systemic risks require management.
July 15, 2026
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Mobile phone manufacturing incentives link eligible sales, domestic sourcing, design and research support to indigenous brands and expanded production.
The Mobile Phone Manufacturing Scheme establishes a five-year incentive-linked framework for manufacturing mobile phones in India. It provides differentiated incentive support on eligible sales, additional support for domestic sourcing of key components and sub-assemblies, and a further incentive for product design and research and development aimed at building Indian brands. The scheme seeks to expand domestic production and exports, promote technological sovereignty, create patents, support employment, and strengthen domestic value capture in mobile-phone manufacturing.
July 15, 2026
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Domestic urea investment policy supports new natural gas-based capacity through subsidy-cost separation, assured returns, and foreign-exchange risk mitigation.
National Investment Policy 2026 establishes an investment framework to add domestic natural gas-based urea production capacity and reduce import reliance. Extending the New Investment Policy 2012, it provides for separation of fixed and variable costs for subsidy calculation, assured returns for urea plant companies, and foreign-exchange risk mitigation to support investment in new domestic urea manufacturing capacity.
July 15, 2026
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India-UK free trade agreement expands zero-duty export access and reduces duties on specified United Kingdom goods.
The India-UK Comprehensive Economic and Trade Agreement entered into force with zero-duty market access for nearly all Indian exports to the United Kingdom. It is expected to support sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods. A bilateral social security agreement has also become operational. The arrangement reduces Indian import duties on specified United Kingdom goods, including Scotch whisky and premium UK-built cars.

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Growth in base orders and revenue underscore stable business execution

November 7, 2025

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BENGALURU, NOVEMBER 6, 2025 ABB India Limited posts July-September quarter (Q3) CY2025 results PAT has increased 16.2% to INR 409 crores in Q3 CY2025 from INR 352 crores in Q2 CY2024.

July-September Q3 CY2025 HIGHLIGHTS • Base orders up 13% YoY; overall orders down 3% YoY due to timing of large orders • Revenue up 14% YoY driven by focused execution of backlog from base orders • Profitability reflecting material costs and market dynamics post-COVID correction • Sustainability targets to round up the year are on track – YTD GHG emission reduction (2019 baseline) down by 87.05% and all Motion factories have been certified zero waste to landfill as on date Commenting on the company’s performance, Sanjeev Sharma, Managing Director, ABB India said, “We have had another quarter where we continue to build our overall performance. Base order growth and revenue expansion led the way in driving momentum during the quarter. I am proud of the team that continues to nurture our wide portfolio to serve customers in 23 market segments and continue to weather all cyclical swings in a year that has been cautious on the customers’ side. While remaining optimistic, we will continue to leverage growth opportunities which the domestic market and the regulatory easings offer amidst global volatility. Our sustainability journey remains consistent with non-financial parameters on track.” KEY FIGURES INR Crores (for continuing business) Q3 2025 Q3 2024 Q2 2025 9M 2025 9M 2024 CY 2024 Orders 3,233 3,342 3,036 10,019 10,384 13,079 Order backlog 9,895 9,995 10.064 9,895 9,995 9,380 Revenues 3,311 2,912 3,175 9,646 8,823 12,188 Profit before tax 542 597 474 1,652 1,808 2,513 Profit before tax % 16.4 20.5 14.9 17.1 20.5 20.6 Profit After Tax 409 440 352 1,235 1,343 1,875 Profit after tax % 12.4 15.1 11.1 12.8 15.2 15.4 Operational EBITA* 419 478 414 1,350 1,550 2,238 Operational EBITA% 12.7 16.4 13.0 14.0 17.6 18.4 Orders Total orders for the third quarter were INR 3,233 crore. Motion and Robotics and Discrete Automation led the way with robust order growth. Electrification had a large data center order in the same quarter last year while Process Automation also followed the overall order plateau trend for the quarter.

Order wins spanned across wind converters for renewables, robotics for EV mobility (automotive) and mobile phone assembly (electronics), process automation and drives solutions for metals, insulated case circuit breakers and fault current limiters for a power distribution equipment company, and electricals and instrumentation for a global leader in food, beverage, and pharma systems. Opportunities also included gas chromatographs and oxygen analyzers for a leading integrated energy major.

ABB India continues to have a strong order backlog as of September 30, 2025, at INR 9,895 crore, which provides good revenue visibility and is well aligned to support growth plans in the coming quarters.

Revenues The Company reported INR 3,311 crore revenue for the quarter, up by 14 percent YoY and 4 percent sequentially. All business areas posted a growth in revenue during the quarter led by Robotics and Discrete Automation. It was evenly balanced in Electrification with all divisions posting growth. Revenue growth in Motion was led by execution of traction motors orders. Process Automation was a mixed bag with energy industries offsetting the growth in process industries and measurement and analytics due to readjusted schedules by customers driven by market requirements.

Operations The quarter was an engaging one with an announcement of investment for rare earth free IE5 motors. ABB India has successfully commissioned its ABB Ability™ SCADAvantage solution for THINK Gas Pvt. Ltd. (formerly AG&P Pratham), enabling end-to-end automation and digitalization of their City Gas Distribution (CGD) network spanning ten Indian states and 500 fuel stations. This was also the quarter where ABB India marked 30 years of being listed on the National Stock Exchange (NSE).

Profit and cash flow from operating activities The company reported a Profit before tax (before exceptional items and one-offs) of INR 542 crore for the quarter. Profitability reflected rising material costs mainly due to revenue mix and reliance on imports to support delivery commitments in the wake of QCO compliance.

Profit after tax reported at INR 409 crore for the quarter.

The company’s cash position continues to remain robust at INR 4,991 crore at the end of Q3 CY2025, buoyed by consistent efforts in collection, also includes significantly higher dividend payouts as compared to YTD last year and inventory accumulation for quality control order adjustments.

Sustainability in practice The focus on sustainable operations continued in Q3 CY 2025 with most targets on track. Reduction in GHG emissions (scope 1 and 2) as compared to 2019 baseline till YTD was at 87.05 percent. Significant strides were made in water positivity three out of four locations achieved and zero waste to landfill, all four locations achieved the target.

Outlook ABB India is well-positioned to capitalize on a resilient macroeconomic environment and strong government-led industrial momentum. Easing inflation, GST rationalization, and sustained public capex—particularly in infrastructure, railways, and green energy—are driving consumption and demand recovery. While private and industrial capex remains selective, growth is evident in high-potential sectors such as renewables, data centers, electronics, process industries, oil & gas, food & beverage, and water. With a diversified portfolio spanning 23 business segments and deep expertise in automation, electrification, and digitalization, ABB India is agile in addressing these opportunities. The company continues to gain traction in energy-efficient technologies, AI-driven automation, and grid modernization. Despite global trade uncertainties and financial market volatility, ABB India’s strong localization strategy, healthy order pipeline, and alignment with national priorities reinforce its resilience and readiness to drive sustainable growth in India’s evolving industrial landscape.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide.www.abb.com For more information please contact: Sohini Mookherjea Phone: +91 9632726608 Email: [email protected] *Operational EBITA Operational EBITA margin is Operational EBITA as a percentage of Operational revenues. Operational EBITA is Operational earnings before interest, taxes and acquisition-related amortization. Operational EBITA represents income from operations excluding: • acquisition-related amortization (as defined below), • restructuring, related and implementation costs, • changes in the amount recorded for obligations related to divested businesses occurring after the divestment date (changes in obligations related to divested businesses), • changes in estimates relating to opening balance sheets of acquired businesses (changes in pre-acquisition estimates), • gains and losses from sale of businesses, • acquisition- and divestment-related expenses and integration costs, • certain other non-operational items, as well as • foreign exchange/commodity timing differences in income from operations consisting of: (a) unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives), (b) realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized, and (c) unrealized foreign exchange movements on receivables/payables (and related assets/liabilities).

Certain other non-operational items generally include certain regulatory, compliance and legal costs, certain asset write downs/impairments as well as other items which are determined by management on a case-by-case basis.

Operational EBITA is our measure of segment profit but is also used by management to evaluate the profitability of the Company as a whole.

ABB India follows a calendar year of January to December as the accounting period.

(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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