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    India placed in lower 10 pc US tariff bracket; reaffirms commitment to BTA
    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    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
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    July 25, 2026
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
    The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
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    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
    July 25, 2026
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    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Ramoji Excellence Awards 2025 Conclude with Grand Celebration of Service, Innovation, and National Spirit

      November 17, 2025

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      The event was graced by Chief Guest, the Vice-President of India, Sri C. P. Radhakrishnan, along with the Chief Ministers of Telangana and Andhra Pradesh as well as other eminent Guests of Honour Hyderabad, Telangana, India – Business Wire India The inaugural Ramoji Excellence Awards 2025 concluded this evening at Ramoji Film City, celebrating distinguished individuals whose exceptional contributions uplift communities, advance knowledge, and inspire the nation. Instituted in memory of Sri Ramoji Rao garu, the awards honoured seven exemplary personalities across diverse fields.

      The event was graced by Hon’ble Vice President of India, Sri C. P. Radhakrishnan, who delivered the keynote address. said, “Sri Ramoji Rao garu was a visionary who transformed ideas into institutions and dreams into enduring realities. He was not only a pioneer in media and communication but a true nation-builder. His commitment to truth, ethics, and excellence continues to inspire generations across the entire nation. The launch of the Ramoji Excellence Awards is a fitting tribute to his remarkable legacy. Through the Ramoji excellence awards, we now see the same spirit being extended to a commitment by honouring individuals and institutions who embody excellence, who inspire others, and who make a positive difference in society.” Hon’ble Chief Minister of Telangana, Sri A. Revanth Reddy, said, “I extend my heartfelt appreciation to the Ramoji Group and Sri Ch. Kiron garu for carrying forward the extraordinary legacy of Sri Ramoji Rao garu with such dignity. Instituting the Ramoji Excellence Awards is a fitting tribute, and the family has chosen the right people while upholding the values he stood for. In Telangana, we proudly say there are four wonders — Charminar, Golkonda, Hitech City, and Ramoji Film City — a global landmark born from his visionary idea of ‘Come with a script and leave with a complete film.’ His influence is felt in every home, where people begin their day with Eenadu and end it with ETV News, shaped by his commitment to balance and integrity. Few excel in one field; he dominated every field he touched, setting unmatched standards across media and enterprise. I fully echo the belief that the Ramoji Excellence Awards will become one of the nation’s most respected honours. Ramoji is not just a name - it is a brand.” Hon’ble Chief Minister of Andhra Pradesh, Sri N. Chandrababu Naidu, said, “Sri Ramoji Rao garu was a man of unshakeable values. He was a pillar of righteousness who always stood for truth and the people. His patriotism, his service to Telugu language and culture, and his lifelong commitment to integrity continue to inspire us. The Ramoji Excellence Awards reflect his spirit, honouring individuals who embody excellence and impact, and I believe they are poised to earn global respect. I personally draw immense inspiration from his discipline, fearlessness, and lifelong service to society, and I deeply appreciate the Ramoji family for carrying forward his extraordinary legacy with such dignity, ensuring his values continue to guide future generations.” The event also had an eminent gathering of national leaders, including: • Sri Jishnu Dev Varma, Hon’ble Governor of Telangana • Sri M. Venkaiah Naidu, Former Vice-President of India • Justice N. V. Ramana, Former Chief Justice of India • Sri K. Ram Mohan Naidu, Hon'ble Minister of Civil Aviation, Government of India • Sri G. Kishan Reddy, Hon'ble Minister of Mines, Government of India The ceremony commenced with a grand welcome to dignitaries, followed by cultural performances by students and artists that celebrated India’s diversity and paid tribute to the legacy of Sri Ramoji Rao garu.

      Key Highlights of the Evening Launch of the Ramoji Dictionary A major milestone of the programme was the formal unveiling of the Ramoji Dictionary, envisioned by Sri Ramoji Rao garu and developed under the aegis of the Ramoji Foundation.

      • The English-to-Telugu edition was unveiled by Sri M. Venkaiah Naidu.

      • The Telugu-to-Telugu edition was unveiled by Justice N. V. Ramana.

      Both leaders addressed the gathering following the release.

      Awardees of the Ramoji Excellence Awards 2025 1. Excellence in Journalism Awardee: Shri Jaideep Hardikar A distinguished journalist and author, Shri Hardikar has spent over two decades reporting on India’s rural realities with deep empathy and insight. His work amplifies marginalized voices and brings the human dimensions of development to national attention.

      2. Youth Icon Award Awardee: Shri Srikanth Bolla Founder & Chairman of Bollant Industries and an MIT alumnus, Shri Bolla has become a national symbol of resilience and inclusive leadership. His enterprise empowers people with disabilities while advancing sustainable manufacturing.

      3. Excellence in Art & Culture Awardee: Prof. Sathupati Prasanna Sree A visionary scholar who created scripts for 19 tribal languages, Prof. Sree has revolutionized the preservation of India’s indigenous literary heritage. As Vice-Chancellor of Adikavi Nannayya University, she continues to champion cultural identity and linguistic empowerment.

      4. Excellence in Rural Development Awardee: Smt. Amla Ashok Ruia Popularly known as the “Water Mother,” Smt. Ruia has transformed drought-prone villages through innovative water-harvesting initiatives. Her work through Aakar Charitable Trust has restored livelihoods, water security, and hope across rural India.

      5. Excellence in Service to Mankind Awardee: Shri Akash Tandon Founder of Pehchaan – The Street School, Shri Tandon has built a movement providing education to thousands of underprivileged children in Delhi-NCR. His mission nurtures dignity, opportunity, and empowerment for marginalized communities.

      6. Women Achiever Award Awardee: Smt. Pallabi Ghosh A fearless crusader against human trafficking, Smt. Ghosh has rescued over 10,000 women and children and impacted more than 75,000 lives. Through the Impact and Dialogue Foundation, she leads national efforts in rescue, rehabilitation, and reintegration.

      7. Excellence in Science & Technology Awardee: Prof. Madhavi Latha Gali A pioneering geotechnical engineer at IISc Bengaluru, Prof. Latha contributed to major national infrastructure projects, including the Chenab Railway Bridge. As Chair of the Centre for Sustainable Technologies, she continues to drive innovation and mentor the next generation of engineering leaders.

      Throughout the ceremony, distinguished dignitaries were felicitated by Sri Kiron, Managing Director, Ramoji Group.

      Sri Ch. Kiron, Managing Director, Ramoji Group, said, “Sri Ramoji Rao always believed that enterprise without ethics is empty and success without service is shallow. That conviction not only shaped the Ramoji Group but also the generations of people who worked with him and learnt from his example. Ramoji Excellence Awards is our humble tribute to that timeless spirit. We express our deepest gratitude to the Hon’ble Vice President of India and our honoured guests for being here. May the spirit of excellence inspire and guide us in the journey ahead.” The ceremony concluded with a vote of thanks, followed by the National Anthem and dinner. The Ramoji Excellence Awards 2025 marked a powerful beginning to a legacy of recognising extraordinary individuals whose work strengthens the nation’s moral, cultural, and intellectual fabric.

      To View the Image, Click on the Links Below: A candid moment between AP CM, Nara Chandrababu Naidu and Vice-President, Sri CP Radhakrishnan Ramoji Excellence Awards, Awardees, 2025 with Hon’ble Vice-President of India and other dignitaries Message from Prime Minister Sri Narendra Modi on the occasion of Ramoji Excellence Awards Lighting of the Lamp by dignitaries Former VP Venkaiah Naidu and Former CJI N. V. Ramana launch the Ramoji Dictionary The Ramoji Group Family with the Dignitaries gracing the occasion Vice-President of India and other Dignitaries with Chairman and Managing Director of Ramoji Group, Ch.Kiron (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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