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July 15, 2026
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Middle East energy export disruption risks raise oil prices and unsettle global equity markets amid renewed conflict.
Middle East energy-export disruption risks increased following renewed conflict and a threatened halt to regional oil and gas exports amid a blockade of Iranian ports. Concerns over the security of shipping through the Strait of Hormuz contributed to higher oil prices and reduced Gulf traffic flows, reflecting the potential for wider interruption of energy transportation. Global equity markets showed mixed movements as investors assessed escalating conflict, oil-supply disruption, inflation data and corporate earnings.
July 15, 2026
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Apricot export facilitation enables overseas market access through exporter-managed supply chains, cold-chain transport, and proposed local processing capacity.
Apricot export facilitation for Ladakh's indigenous Raktsey Karpo and Halman varieties is being implemented through an agreement under which exporters manage harvesting, sorting, grading, packing, transportation and marketing. Administrative measures include transport monitoring, expedited transit arrangements and cold-chain support for perishable produce. A proposed apricot processing unit is intended to improve value addition, address short shelf life and support smoother exports while reducing post-harvest losses.
July 15, 2026
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India-UK trade agreement expands market access, tariff reductions, services trade and professional mobility across identified commercial sectors.
The India-UK Comprehensive Economic and Trade Agreement entered into force as a free trade arrangement intended to expand bilateral market access and promote movement of goods and services. It provides for tariff reductions and supports trade, services and professional mobility. The agreement is expected to create opportunities for businesses, entrepreneurs, farmers, manufacturers, MSMEs and skilled workers, including in textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods.
July 15, 2026
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Punitive tariffs for Russian oil purchases could make trade duties a geopolitical mechanism targeting India and other countries.
Proposed United States tariff legislation would impose punitive tariffs on India and other specified countries for purchasing oil from Russia. Certain European countries purchasing Russian gas would be exempted on the stated basis that their purchases are limited and that they are reducing dependence on Russia. If enacted, the measure would expressly authorise tariffs as a geopolitical mechanism directed at countries considered to be financing another nation's war effort.
July 15, 2026
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Strait of Hormuz transit rights remain contested as blockade measures, toll disputes, and hostilities threaten regional energy exports.
Maritime access through the Strait of Hormuz is disputed following the reimposition of a naval blockade, retaliatory threats affecting regional energy exports, and attacks on shipping routes. An interim arrangement had provided for toll-free transit during a limited negotiating period but left the later regulatory position unresolved. One side asserts a right to regulate traffic and potentially levy transit charges, while the opposing position maintains that passage should remain open without tolls. Continuing hostilities and stalled negotiations threaten navigational access and energy trade flows.
July 15, 2026
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Major banking shareholding acquisitions: draft directions propose simplified approval for subsequent investments by institutional fund categories.
Draft directions propose a simplified approval process for subsequent acquisitions of major shareholding or voting rights in banking companies by mutual funds, insurance companies and pension funds. The proposals cover commercial banks, small finance banks, payments banks and local area banks. Regulated entities, the public and other stakeholders may provide feedback through the Reserve Bank's online consultation facility or by email within the stated consultation period.
July 15, 2026
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Wholesale and producer price indices report rising June inflation, revisions to April estimates, and manufacturing input-price movements.
Provisional June 2026 and final April 2026 estimates are reported for the Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index under the base year 2022-23. Wholesale inflation increased year-on-year, driven principally by mineral oils, food articles, basic metals, and chemicals and chemical products. April WPI and Output PPI estimates were revised upward, while the April trial Input PPI was revised downward. The release also provides group-wise monthly and cumulative index data, weighted response rates for WPI estimates, and provisional and final data classifications.
July 15, 2026
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India-UK trade agreement operationalisation expands market access, tariff reductions, skilled mobility and social security support for enterprises and professionals.
The India-United Kingdom Comprehensive Economic and Trade Agreement is intended to facilitate greater two-way movement of goods and services through tariff reductions and stronger access to the UK market for farmers, entrepreneurs, MSMEs and other sectors. Together with the Agreement on Social Security, it is described as promoting cooperation in technology, professional services and innovation, supporting mobility for skilled Indian talent, and assisting Indian professionals temporarily working in the UK.
July 15, 2026
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Zero-duty market access under the India-UK trade pact expands opportunities for domestic goods, enterprises, professionals and skilled mobility.
The India-UK Comprehensive Economic and Trade Agreement has been operationalised, enabling a range of domestic goods to enter the UK market at zero customs duty and expanding market access for Indian farmers, entrepreneurs and micro, small and medium enterprises. A social security agreement has also entered into force to support Indian professionals temporarily working in the UK, improve enterprise competitiveness, and complement cooperation in technology, professional services, innovation and skilled-worker mobility.
July 15, 2026
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Accredited photovoltaic module testing strengthens reliability validation, safety qualification, and in-house product development under internationally recognised laboratory quality standards.
NABL accreditation under ISO/IEC 17025:2017 recognises a photovoltaic module laboratory's technical competence to conduct testing through accepted procedures, calibrated equipment, qualified personnel and quality-management controls. Its scope includes module design and safety qualification, degradation testing and high-temperature operating-condition assessment. Environmental, electrical and mechanical evaluations-including thermal cycling, damp heat, humidity freeze, UV exposure, mechanical loads, leakage current, insulation and power testing-support design verification, reliability analysis, manufacturing consistency and product development.
July 15, 2026
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Export-led growth exposes weak domestic demand as high-technology manufacturing support raises trade imbalance and employment concerns.
China's growth has become increasingly reliant on strong exports of high-technology manufactured products, while domestic consumption and investment remain weak. Household spending is constrained by the property-sector downturn and uncertainty over jobs and wages. Policy support and investment in artificial intelligence, robotics and advanced manufacturing have strengthened exports but raised concerns about trade imbalances, excess production capacity and employment creation. The policy direction identified is to strengthen the domestic market and maintain employment while pursuing higher-quality growth.
July 15, 2026
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India-UK trade agreement enables tariff reductions, market access and digital trade facilitation for expanded cross-border commerce and investment.
India-UK Comprehensive Economic and Trade Agreement (CETA) entered into force, establishing tariff reductions, expanded market access and greater certainty for cross-border trade and investment. Its 30 chapters cover trade in goods and services, sanitary and phytosanitary measures, technical barriers to trade, digital trade, intellectual property and government procurement. Trade-facilitation and digital provisions are intended to improve cross-border commerce, while the framework supports bilateral business, investment and collaboration across services, manufacturing, technology and healthcare sectors.
July 15, 2026
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Equity market rebound follows softer United States inflation, supporting expectations of a less aggressive Federal Reserve policy stance.
Indian benchmark equity indices rebounded in early trading, supported by bank and selected large-cap shares after the preceding session's decline. Softer-than-expected United States consumer inflation strengthened expectations of a less aggressive Federal Reserve monetary-policy stance and supported global risk sentiment. Stronger United States equities, generally positive Asian markets, Brent crude movements and foreign institutional investor equity sales were identified as relevant market factors.
July 15, 2026
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Foreign exchange market conditions lifted the rupee early, but crude prices, investor outflows and geopolitical tensions restrained gains.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, while elevated crude oil prices, foreign institutional investor outflows, higher US Treasury yields and West Asia tensions limited gains. A weaker dollar and positive domestic equity-market opening provided support. Intensified US-Iran conflict and risks to regional energy exports contributed to higher crude prices and dollar demand. Higher wholesale price inflation and growth in net direct tax collection formed part of the domestic economic backdrop.
July 15, 2026
Show AI Summary
Proposed geopolitical tariffs would target major purchasers of Russian oil, alongside broad sanctions on Russia's economic sectors.
Proposed United States legislation would authorise tariffs of up to 100 per cent on India, China, Slovakia, Hungary and Azerbaijan as major purchasers of Russian oil. It also contemplates broad blocking sanctions affecting Russia's energy, financial and defence sectors and designated persons. The tariffs would be narrowly targeted and subject to restricted waiver authority, while certain European purchasers of Russian gas would be exempted based on limited dependence and efforts to reduce reliance on Russia.
July 14, 2026
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Video-conference statement request in PNB fraud case pending decision on approver plea, with prosecution reply sought
Purvi Modi, an accused in the Punjab National Bank fraud case, has sought permission to record her statement before the special CBI court through video conference. She has applied to become an approver, and the CBI has stated that her statement should be recorded before that application is decided. The court has sought the prosecution's response. Purvi Modi and her husband have already become approvers in a related money-laundering investigation conducted by the Enforcement Directorate.
July 14, 2026
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Rupee depreciation reflects crude oil pressures, safe-haven dollar demand, widening trade deficit, and rising global economic uncertainty
The Indian rupee depreciated against the US dollar amid higher crude oil prices, renewed geopolitical concerns, increased safe-haven demand for the dollar, and rising global bond yields. Higher crude prices increased India's dollar-denominated import requirements, widened the trade deficit, and intensified foreign-exchange outflows. Merchandise exports increased year-on-year, but the trade deficit widened because of stronger imports. Wholesale price inflation also rose, while net direct tax collections increased on account of higher corporate tax receipts.
July 14, 2026
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Advanced technology in banking requires cybersecurity, internal controls, fraud prevention, and safeguards against data misuse.
Banks were encouraged to use advanced technologies, including artificial intelligence, to expand their reach, improve operational efficiency, reduce costs, and enhance customer experience. This approach must be supported by robust cybersecurity, strong internal controls, and safeguards against fraud and misuse of data. The banking sector was also urged to serve all segments of the economy prudently, strengthen customer service, and consider developments involving the Central KYC Records Registry, counterfeit currency detection, MuleHunter, central bank digital currency, the Unified Lending Interface, Account Aggregator, FX Retail, and Retail Direct.
July 14, 2026
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Textile investment opportunities: Punjab promotes integrated value chains, single-window approvals, infrastructure, and export-focused industrial growth.
Punjab's industrial policy aims to attract textile investment, expand employment and exports, and provide an industry-friendly environment through time-bound approvals, single-window and single-pen systems, and reduced bureaucratic obstacles. Punjab is promoted as having a complete textile value chain covering cotton cultivation, spinning, yarn, fabrics, knitting, processing, garments, manufacturing and exports. Its investment ecosystem is described as offering power tariffs, land facilities, transparent approvals, infrastructure and the Right to Business Act, while industry participation is encouraged to strengthen innovation, exports and inclusive economic growth.
July 14, 2026
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Betting proceeds laundering allegations link layered transactions and asset acquisitions to the Mahadev online betting syndicate investigation
The Enforcement Directorate arrested Ebix Group chairman Vikas Garg under the Prevention of Money Laundering Act in an investigation concerning alleged laundering of proceeds from Mahadev Online Book and Skyexchange betting operations. The agency alleges that betting proceeds were routed through hawala entries, shell entities and layered transactions into entities owned or controlled by Garg, and used to acquire shares, securities and other assets. It further alleges that Garg acquired a controlling stake in EbixCash using such funds. The investigation concerns a franchise-based betting syndicate operating through multiple online platforms.

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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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