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    CCI imposes penalty on Rekha Agencies and SS Marketing for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the pr...
    US is set to impose 50% tariffs on $20 billion worth of Canadian products
    Rupee settles 3 paise higher at 95.71 against US dollar
    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
    India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai
    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
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August 22, 2026
Show AI Summary
Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.

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Customs & Trade

Innovation Engine Drives Global Expansion: Baida Popping Leads the Industry Towards Premium Quality

November 12, 2025

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CHAOZHOU, China, Nov. 12, 2025 /PRNewswire/ -- Against the backdrop of the global food industry's ongoing pursuit of healthier, more engaging, and premium transformations, Guangdong Shantai Food Co., Ltd. (hereinafter referred to as "Shantai Family ")—a comprehensive snack food enterprise integrating R&D, production, and sales—has consistently pursued a dual strategy of "Technology + Creativity." Through continuous product innovation and the expansion of its international market presence, Shantai has steadily enhanced its core brand competitiveness. In the first half of 2025, Shantai successively participated in multiple important domestic and international industry exhibitions, including the 112th National Food and Drinks Trade Fair, the 137th China Import and Export Fair, the SIAL Shanghai, and the 3rd Guangdong (Chaozhou) Specialty Food Industry Conference,THAIFEX-ANUGA ASIA 2025 and World Food Moscow. It comprehensively showcased a series of innovative products centered around "the third-generation popping candy technology", fully demonstrating the innovative vitality and manufacturing excellence of Chinese food enterprises. This attracted widespread attention and partnership interest from numerous professional buyers, distributors, and consumers both domestically and internationally, further enhancing the brand's influence and market reputation.

Innovative product system and diversified consumption scenarios Amid evolving consumption patterns and increasing segmentation in the snack industry, Shantai has systematically built a comprehensive product matrix—spanning six categories and 48 flavors—based on its self-developed "third-generation popping candy technology." This diversified portfolio addresses various niche demands, including sugar-free options and oat-based healthy ingredients, featuring products such as classic popping candy, milk stick candy, popping stick candy, and popping balloons. An interactive experience zone set up at the exhibition attracted numerous industry professionals and international buyers.

The new-generation Baida popping, with its unique bubble-activation technology, delivers a multi-layered sensory experience—ranging from gentle "sparkling pops" to intense "explosive jumps"—significantly enhancing the product's playfulness and memorability.

Additionally, Shantai has launched new series such as "Sour Series" and "Cooling Sensation" to cater to regional consumer preferences, further diversifying the sensory experience. Innovative derivative products like "Popping Chocolate Sticks" have also received positive feedback from distributors and international buyers for their fun texture and chewiness.

At the exhibitions, many overseas purchasers engaged in in-depth discussions with Shantai's sales and international trade teams, conducting substantive negotiations on import policies, customized cooperation, and logistics support. These interactions demonstrated the strong acceptance and business potential of Shantai's products in global markets.

A century of heritage lays the foundation for a secure, stable, and flexible supply chain Since its founding in Chaozhou in 1917, Shantai has been passed down through four generations, evolving from a traditional handmade confectionery workshop into a modern food enterprise now recognized as both a "Guangdong Time-honored Brand" and a National High-Tech Enterprise. The company places strong emphasis on quality control and standardization, having established two modern production bases with a total area exceeding 20,000 square meters. Production workshops are strictly designed and managed in compliance with the 100,000-class GMP cleanliness standard. Since 2004, Shantai has obtained multiple international food safety certifications—including HACCP, ISO 22000, IFS, BRC, HALAL, KOSHER, and SMETA—and implemented a comprehensive quality control system covering the entire process from raw material sourcing and production to finished product delivery.

On the technical front, Shantai remains committed to in-house development of key equipment and continuous improvement of production processes. Its third-generation popping candy maintains the signature popping experience while achieving a breakthrough in heat resistance of up to 52°C, significantly enhancing the product's climate adaptability and logistics reach. Even in high-temperature and high-humidity regions, it retains stable performance. Currently, the company's annual production capacity exceeds 5 billion packs, with products exported to over 100 countries and regions worldwide. Shantai has become a long-term supplier for numerous international snack brands and retail chains.

Additionally, leveraging 9 self-developed production lines, 20 high-speed automated packaging lines, and a flexible manufacturing system, the company has established a structured product portfolio covering 48 base flavors and numerous customizable options. This system supports diverse product demands—including sugar-free and low-calorie health-oriented concepts.

Through a database of 11 standard product formats and a 72-hour rapid sampling response mechanism, Shantai offers highly customized OEM/ODM solutions, helping brand clients efficiently transition from product concept to mass production. This strengthens its position as a global hub for manufacturing and innovation in popping candy.

In 2023, Shantai was recognized as a "National High-Tech Enterprise," and in 2025, it was again listed among Chaozhou's first batch of AEO-certified enterprises—further demonstrating its excellence in technological innovation and international trade compliance.

Eco-Synergistic strategic layout for global markets Facing the new trends of channel fragmentation and consumption stratification in the snack industry, Shantai strategically enhanced its channel development and brand partnership initiatives in 2025.

In traditional retail and convenience store channels, the company enhanced product visibility and repurchase rates by optimizing packaging and display layouts for its classic items. For emerging brand snack collective stores, Shantai launched multi-size, cost-effective product series, maintaining quality while effectively controlling retail prices to expand reach among younger consumers.

Additionally, customized theme collections compatible with PDQ (Product Display Quickly) systems were developed for membership stores and hypermarkets. These initiatives leveraged the display advantages of such channels to enhance brand visual impact and drive experiential purchasing.

Mr. Hong Yonghong, General Manager of Shantai, stated in an interview that participating in international exhibitions is not only a platform to showcase products and technologies, but also a key initiative to deeply connect with global supply chain partners and co-create an industry ecosystem.

During the series of exhibitions in the first half of the year, Shantai's booth received industry professionals from East Asia, Southeast Asia, the Middle East, Europe, the United States, and other regions. Extensive discussions were held regarding distribution agreements, technology licensing, and joint product development, laying a solid foundation for further expanding the international market and optimizing regional presence.

Looking ahead, Shantai will remain committed to its strategic vision of "Building the World's Most Enjoyable Food Enterprise," by increasing R&D investment and advancing intelligent manufacturing and digital transformation. While consolidating its leading position in the popping candy category, the company will steadily expand into broader snack food segments.

By integrating consumption scenario innovation, flavor science, and health considerations, Shantai is committed to delivering more innovative products that combine fun and high quality to global consumers. Together with value-chain partners, it aims to build a sustainable and mutually beneficial industrial ecosystem.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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