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    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of Supplies products
    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of personal system products
    China's exports surge 27% from year earlier as AI boom drives strong demand
    ED attaches over Rs 50 cr in assets in crypto 'fraud' case
    Framework deal is ready, to be signed at right time: Comm Secy on India-US trade pact
    US citizen found guilty of helping export tech to Iran in violation of sanctions
    SC upholds SEBI action against Kotak AMC, says compliance with securities regulations mandatory
    Rupee falls 30 paise to close at 95.68 against US dollar
    'Coal scam': Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra, others
    Court rejects bail plea of Jammu-based editor accused of impersonating PMO officer, cheating people
    TMC's Mamata Banerjee faction moves HC seeking permission to operate bank accounts frozen by ED
    ED conducts raids in 'work-from-home scam' case
    21 pc YoY rise in engineering exports in June shows sector''s resilience amid global challenges: EEPC
    NABARD key partner in rural infra development: Rajasthan chief secretary
    Retail inflation rises to 4.38 pc in Jun, surpasses RBI's median target level
    Coal scam: Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra Darda, others
    India's exports rise 15.5 pc in Jun, trade deficit widens to five-month high
    FM calls for enhanced NRI outreach to sustain foreign currency mobilisation momentum
    Framework deal is ready, to be signed at right time: Official on India-US trade pact
    The cumulative exports (merchandise & services) during April-June 2026-27 is estimated at US$ 232.73 Billion, as compared to US$ 208.98 Billion in Apr...
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    July 14, 2026
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    Reseller cover bids and coordinated supplies sales treated as cartelisation, with penalties and cease-and-desist directions imposed
    The Competition Commission of India addressed cartelisation in the sale and supply of toner, cartridges and other consumables used with print hardware products. Sixteen Tier-2 resellers were identified as having sought and submitted support or cover bids, contrary to Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. HP India was identified as playing a central role in the arrangement. Monetary penalties were imposed on HP India, the resellers and relevant officials under Section 48, together with directions to cease and desist from the anti-competitive conduct.
    July 14, 2026
    Show AI Summary
    Bid-price coordination and tender-participation manipulation in personal system products attract competition-law penalties and cease-and-desist directions.
    HP India and five resellers were found to have engaged in cartelisation in the sale and supply of personal system products. The conduct included dictating bid prices and manipulating reseller participation in GeM tenders by withholding authorisation. The conduct was treated as contravening Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. The resellers were found to have acted in collusion with HP India, while officials were treated as liable under Section 48. Penalties and cease-and-desist directions were imposed under the Act.
    July 14, 2026
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    Export Growth Driven by AI Demand as Technology Products, Semiconductors, and Electric Vehicles Lift China's June Trade Performance
    China's exports increased sharply in June, driven by strong external demand associated with the expansion of artificial intelligence. Exports of electric vehicles, semiconductors, and related technology products expanded significantly, while imports also recorded substantial year-on-year growth. Strong export manufacturing helped offset weakness in domestic demand.
    July 13, 2026
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    Cryptocurrency investment fraud allegations trigger PMLA provisional attachment of bank deposits, flats, and commercial shops linked to diverted funds.
    The Enforcement Directorate reported a money-laundering investigation into an alleged cryptocurrency fraud involving ATC Coin. It alleged that investors were induced to contribute funds through assurances of high and assured returns, and that the collections were deposited with Jewria Services Club India before being diverted through accounts of the accused and associated entities. Under the Prevention of Money Laundering Act, bank deposits and Mumbai properties comprising residential flats and commercial shops were provisionally attached.
    July 13, 2026
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    Preferential market access anchors India-US trade negotiations as tariff investigations and bilateral commitments remain under discussion
    India and the United States are progressing negotiations on a framework deal and a bilateral trade agreement focused on preferential market access and comparative tariff advantages. India is engaging with the USTR on Section 301 investigations concerning forced labour and excess industrial capacity. The forced-labour investigation has proposed an additional tariff on imports from India, but the measure remains unfinalised. India has urged resolution through bilateral negotiations rather than unilateral measures. The excess-capacity investigation remains pending, and the eventual trade agreement is expected to address relevant aspects of the bilateral trade relationship, including tariff treatment, market access, and investigation-related issues.
    July 13, 2026
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    Export-control sanctions prohibit routing electronic components to Iran through intermediaries, with conspiracy liability turning on knowledge and assistance.
    US export-control sanctions prohibit the unlawful export of electronic components to Iran through intermediaries or front companies. The reported prosecution concerned allegations that an employee conspired with an Iranian business associate to obtain components for a Tehran-based company whose technology had potential military applications. Prosecutors relied on documents, text messages, photographs, and communications said to show knowledge and assistance, while the defence disputed procurement, the Swiss company's characterization as a front, and proof that components reached Iran. Evidence concerning a specific drone attack was limited to general evidence about the Iranian company and potential military applications.
    July 13, 2026
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    Mandatory securities compliance governs mutual fund redemptions, investor consent, disclosures, due diligence, and trustee responsibilities
    Compliance with securities regulations is presented as mandatory regardless of whether investors ultimately incur losses or receive benefits. Close-ended mutual fund schemes must be redeemed at maturity unless formally rolled over with informed written investor consent and prior disclosure to SEBI. The reported issues also include inadequate due diligence regarding issuers' financial condition, excessive reliance on pledged collateral, delayed disclosures to investors and SEBI, and the trustee company's failure to independently assess regulatory compliance and unitholder interests.
    July 13, 2026
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    Rupee weakness reflects geopolitical risk, crude prices, capital outflows, rising inflation, and widening trade pressures on India
    The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports.
    July 13, 2026
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    Predicate-offence acquittal removes the foundation for money-laundering proceedings arising from alleged coal-block allocation irregularities
    Money-laundering proceedings under the Prevention of Money Laundering Act depend on the existence of a scheduled offence and identifiable proceeds of crime. Although money laundering is an independent offence, its prosecution cannot survive when the predicate offence forming its foundation has ended in acquittal. The basis for treating property or transactions as proceeds of crime is then removed, making continuation of proceedings for money laundering and company-related liability under the PMLA legally unsustainable. Proceedings may be reopened if the acquittal is later set aside or materially varied.
    July 13, 2026
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    PMLA bail requires satisfaction of twin statutory conditions amid allegations of impersonation, cheating, and suspected money laundering
    The reported bail proceedings concerned the twin conditions under Section 45 of the Prevention of Money Laundering Act: reasonable grounds to believe that the accused was not guilty and assurance that he would not commit an offence while on bail. The prosecution also raised concerns regarding possible evidence tampering, witness intimidation, and repetition of similar conduct. The accused relied on a serious heart ailment and constitutional protection against punitive pre-trial detention, while the reported order noted his medical stability in custody and that the investigation complaint had not yet been filed.
    July 13, 2026
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    Frozen political party accounts raise questions on representative authority, Election Commission recognition, and preventing money laundering during investigation
    Permission to operate three Trinamool Congress bank accounts frozen by the Enforcement Directorate was sought before the Calcutta High Court in connection with a probe into alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through specified accounts. The Enforcement Directorate challenged the petition's maintainability, asserting that the filers lacked authority and had not disclosed an ex parte civil court order. The petitioners relied on the party constitution and the Election Commission's jurisdiction over recognition of political parties, while the Enforcement Directorate maintained that releasing the funds would undermine the prevention of money laundering.
    July 13, 2026
    Show AI Summary
    Fake investment and work-from-home scams: laundering through mule accounts, shell entities and crypto wallets prompts asset seizures
    Money laundering investigations under the Prevention of Money Laundering Act concern alleged fake online investment and work-from-home scams involving promises of lucrative returns and commissions. Funds transferred by victims were allegedly layered through mule bank accounts and shell entities, converted into cryptocurrency, and moved through multiple crypto wallets to conceal their origin and ownership. Searches were conducted at multiple locations, with cryptocurrency and cash seized and multiple bank accounts frozen under the PMLA.
    July 13, 2026
    Show AI Summary
    Engineering export growth reflects market diversification, trade agreements, and rising global competitiveness despite persistent international uncertainty
    India's engineering goods exports increased by nearly 21 per cent year-on-year in June, rising to USD 11.48 billion. Cumulative exports during April-June of the 2026-27 fiscal reached an estimated USD 34.14 billion, reflecting 18 per cent growth over the corresponding period of the previous year. The reported export performance was attributed to free trade agreements with key partner countries, diversification of products and markets, and the increasing global competitiveness of Indian engineering products despite continuing global uncertainty.
    July 13, 2026
    Show AI Summary
    Rural infrastructure development through NABARD strengthens farmer support, women's financial inclusion, and climate-resilient agriculture in Rajasthan
    NABARD is presented as a key partner in Rajasthan's rural infrastructure and agricultural development. Its initiatives support small and marginal farmers through Kisan Credit Cards, farmers' clubs and Farmer Producer Organisations, while the Self-Help Group-Bank Linkage Programme promotes financial inclusion among rural women. NABARD also supports climate-change resilience, honours rural development institutions and artisans, and provides grants for projects promoting climate-resilient agriculture.
    July 13, 2026
    Show AI Summary
    Retail inflation rises above target as food and fuel pressures challenge monetary policy outlook ahead of August review
    Retail inflation based on the Consumer Price Index increased to 4.38 per cent in June from 3.93 per cent in May, exceeding the Reserve Bank's median target of 4 per cent. Food inflation rose to 5.32 per cent. The Reserve Bank's framework seeks to maintain CPI inflation at 4 per cent within a tolerance band of 2 per cent on either side. The Reserve Bank retained the benchmark policy rate at its June meeting but raised its inflation forecast for 2026-27, citing higher input costs and global energy price transmission to domestic fuel prices. Economic assessments anticipated further inflationary pressure while generally expecting the policy rate to remain unchanged at the forthcoming review.
    July 13, 2026
    Show AI Summary
    Money laundering proceedings fail when acquittal in the scheduled offence removes the basis for alleging proceeds of crime.
    Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed.
    July 13, 2026
    Show AI Summary
    Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
    June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.
    July 13, 2026
    Show AI Summary
    Foreign currency mobilisation gains momentum through FCNR(B) deposits, ECBs and OFCBs, backed by NRI outreach and swap facilities.
    Foreign currency mobilisation under the FEMA / RBI framework is being driven through FCNR(B) deposits, ECBs and OFCBs, with banks directed to strengthen NRI outreach, offer innovative deposit products and sustain mobilisation during the scheme period. Attractive returns on fresh FCNR(B) deposits, supported by suspension of the interest rate ceiling, customised digital outreach, use of International Banking Units at GIFT City, central bank support, and real-time reporting are presented as key implementation mechanisms. The scheme combines a US dollar-rupee swap facility for fresh FCNR(B) deposits with a concessional swap facility for eligible ECBs and OFCBs to support capital inflows and the balance of payments.
    July 13, 2026
    Show AI Summary
    Trade pact negotiations advance as India and the US align a framework deal with wider tariff and market access discussions.
    India-US trade negotiations are advancing through a framework deal and a bilateral trade agreement, with discussions focused on preferential market access and India's effort to obtain comparative tariff advantage over competitor nations. The framework arrangement is stated to be ready for signature at the appropriate stage, while the broader agreement remains under negotiation. India is also engaging with Section 301 investigations on forced labour and excess industrial capacity; proposed additional tariffs affecting multiple economies, including India, have not yet been finalised.
    July 13, 2026
    Show AI Summary
    Foreign trade growth data shows rising exports, higher imports, and a wider trade deficit across merchandise and services segments.
    Combined merchandise and services trade data for June 2026 and April-June 2026-27 records export growth together with stronger import growth and a wider trade deficit. Merchandise exports, non-petroleum exports, and trade excluding petroleum and gems and jewellery all show increases, while services exports and imports are also estimated to have risen. Major merchandise export growth drivers identified for June 2026 include gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice. The services figures for June 2026 are expressly stated to be estimates based on the latest available central bank data.

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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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