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    HIGHLIGHTS
    First Round of India–Maldives Free Trade Agreement Negotiations Concludes Successfully
    Explore Touristhub Holidays LLP Honoured by Saina Nehwal at Business Excellence India Awards 2026
    Rupee falls 62 paise to close at 96.30 against US dollar
    Union Minister of Commerce and Industry Shri Piyush Goyal Begins Spain Visit with High-Level Engagements to Deepen India–Spain Economic Partnership
    Direct tax mop-up grows 16 pc to over Rs 6.51 lakh cr so far in FY27
    IC Electricals Secures INR 4.89 Crore Export Order from US Customer Through Subsidiary Safe Coils India; Export Order Book Surpasses INR 17.20 Crore
    UP RERA to facilitate GST refund for homebuyers, warns builders against excess levy
    India, UK trade pact to come into force from July 15: An Explainer
    WPI inflation rises to 9.87 pc in June; minerals, food items see price spike
    SC adjourns suo motu case on NCLT vacancies, infrastructure; says appointments process underway
    CBN Madhya Pradesh Unit busts high-tech MD manufacturing lab in Pune; Two masterminds arrested from Ujjain and Jodhpur under multi-city ‘Operation V...
    DRI busts several wildlife trafficking networks across India operations
    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
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    July 14, 2026
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    Language-policy challenges and religious-practice arrangements highlight legal developments alongside deportation reform and criminal investigation measures.
    The Supreme Court sought responses on challenges to the CBSE three-language requirement for Class 9 students and directed that Muslims be provided a separate open space adjacent to the disputed Bhojshala site for Friday prayers. A special NIA court issued a non-bailable warrant against Hafiz Saeed in connection with an investigation into the Pahalgam terror attack. The United Kingdom initiated a legislative change intended to remove an obstacle to deporting a grooming-gang leader to Pakistan.
    July 14, 2026
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    India-Maldives FTA negotiations advance market access, investment facilitation and broader economic cooperation through eight technical sessions
    The first round of India-Maldives Free Trade Agreement negotiations concluded after virtual, text-based discussions across eight technical sessions and eight policy areas. The parties made substantive progress and reached broad convergence on several issues. The proposed FTA is intended to enhance market access, facilitate investment, promote economic cooperation and support sustainable economic growth. Both sides are pursuing a broad-based, balanced and comprehensive agreement guided by fairness and reciprocity, while also seeking deeper cooperation in tourism, startups, digital payments, MSMEs and trade.
    July 14, 2026
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    Business excellence recognition highlights Explore Touristhub Holidays LLP's personalized travel planning, service quality, and customer-focused holiday experiences.
    Explore Touristhub Holidays LLP received recognition as a leading travel agency for memorable holiday experiences. The recognition highlighted its personalized holiday planning, customer satisfaction, itinerary innovation, and contribution to India's travel and tourism sector. The company provides leisure holidays, corporate travel management, MICE services, educational tours, group departures, honeymoon packages, pilgrimage tours, and customized travel experiences. Its service approach emphasizes tailored itineraries, quality hospitality, safety, seamless execution, competitive pricing, reliable support, and assistance throughout the journey.
    July 14, 2026
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    Rupee depreciation reflects crude oil pressures, geopolitical uncertainty, safe-haven dollar demand, widening trade deficit, and rising inflation
    The rupee depreciated against the US dollar amid higher crude oil prices, renewed geopolitical concerns and increased demand for safe-haven dollar assets. Rising crude prices increased India's dollar-denominated import burden and contributed to foreign exchange outflows and pressure on the domestic currency. India's exports increased year-on-year in June, but the trade deficit widened as imports, particularly crude oil imports, rose. Wholesale price inflation also increased, while net direct tax collections recorded year-on-year growth, primarily reflecting higher corporate tax collections.
    July 14, 2026
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    Bilateral economic cooperation expands through trade, investment, innovation, industrial partnerships and technology collaboration across priority sectors
    India and Spain pursued deeper economic cooperation through discussions on trade, investment, innovation and industrial partnerships. Priority areas included renewable energy, green hydrogen, advanced manufacturing, digital technologies, infrastructure, clean energy, mobility, tourism, automotive, railways and smart infrastructure. The discussions addressed market access, resilient supply chains, technology partnerships, investment flows and business linkages. The India-Spain Business Forum examined opportunities in manufacturing, infrastructure, renewable energy, digital technologies, the digital economy and innovation, while the Fast Track Mechanism was discussed as a means of facilitating new investments and strengthening business confidence.
    July 14, 2026
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    Direct tax collections rise as corporate and non-corporate tax receipts grow, alongside increased refunds during the fiscal year
    Net direct tax collection increased by 16.40 per cent to over Rs 6.51 lakh crore up to July 13 of the fiscal year. Net corporate tax collection rose by 22 per cent, while net non-corporate tax collection, covering individuals, Hindu undivided families and firms, increased by about 12 per cent. Refunds of Rs 1.22 lakh crore were issued, and gross direct tax collection increased by 16.11 per cent to over Rs 7.73 lakh crore.
    July 14, 2026
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    Export Order Through Subsidiary Expands Railway Equipment Business and Increases Unexecuted International Order Book Beyond Prior Executions
    IC Electricals received a USD 510,000 export purchase order from a United States customer through its subsidiary, Safe Coils India Private Limited. The order increases its unexecuted export order book to USD 1.8 million, representing growth of more than 300% compared with export orders executed during financial year 2025-26. The company manufactures railway electrical and electronic equipment and undertakes turnkey railway electrification projects, including design, supply, erection, testing, and commissioning of 25 kV AC overhead equipment and traction substations. Its forward-looking growth statements remain subject to governmental, economic, political, operational, and technological risks.
    July 14, 2026
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    Excess GST collection requires promoter refund or direct GST claims by eligible homebuyers after credit-note deadlines expire
    Registered real estate promoters must collect GST from homebuyers only at notified rates and refund any excess collection or issue a credit note where legally permissible. If a project is cancelled, an agreement terminated, or an allotment revoked after the statutory credit-note period expires, an eligible unregistered allottee may seek a direct GST refund by obtaining temporary registration through a PAN and filing Form GST RFD-01 with proof of tax payment, supporting documents, and a promoter-issued certificate. Claims must be filed within two years and remain subject to GST verification.
    July 14, 2026
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    India-UK trade pact expands preferential market access, with phased automobile tariffs, procurement rights, origin rules and intellectual-property safeguards
    The India-UK Comprehensive Economic and Trade Agreement provides duty-free or reduced-duty access for nearly 99% of Indian exports to the UK and phased tariff reductions for specified UK goods entering India. Automobile concessions are subject to quotas and differentiated treatment for conventional, electric, hybrid and hydrogen vehicles. Alcoholic-beverage concessions depend on phased tariff reductions and minimum import prices, while specified products remain excluded. The agreement covers government procurement, stronger intellectual-property enforcement while preserving compulsory licensing, temporary social-security contribution relief for transferred employees, and rules of origin requiring specified production, processing or value addition for preferential tariffs.
    July 14, 2026
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    Wholesale inflation rises as mineral, food, fuel and non-food prices intensify, complicating RBI's inflation-management mandate.
    Wholesale Price Index inflation increased to 9.87 per cent in June 2026, driven by mineral oils, food articles, basic metals, and chemicals. Fuel and power inflation remained elevated, while food and non-food article prices also rose. Retail inflation increased to 4.38 per cent. The Reserve Bank of India primarily considers CPI inflation for monetary policy and is mandated to maintain headline inflation at 4 per cent, with a tolerance range of 2 per cent on either side. Its inflation projection was raised due to higher input costs and the transmission of global energy prices to retail fuel prices.
    July 14, 2026
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    NCLT vacancies and infrastructure gaps remain under review as delays in insolvency resolution plans raise IBC efficiency concerns
    Delays in appointing judicial and technical members to the National Company Law Tribunal, inadequate infrastructure, and concerns over its disposal rate are being considered in suo motu proceedings. The hearing was deferred after the appointment process was reported to be underway. The proceedings followed concerns regarding persistent delays in approving insolvency resolution plans under the Insolvency and Bankruptcy Code, including applications pending before the NCLT for periods ranging from weeks to several years.
    July 14, 2026
    Show AI Summary
    Synthetic drug trafficking enforcement exposes clandestine Mephedrone laboratories, leading to arrests and seizure of manufacturing equipment under narcotics law
    Interstate synthetic drug trafficking enforcement under the NDPS Act, 1985 led to the dismantling of a sophisticated Mephedrone manufacturing laboratory and the arrest of two alleged chief conspirators during coordinated operations. Officers seized digital machinery, laboratory equipment, heavy glassware, precursor chemicals and safety gear used in illicit MD production. Sustained intelligence and interstate investigation identified a second facility financed and coordinated by a co-conspirator. Simultaneous searches resulted in the second arrest and seizure of the clandestine laboratory's equipment and chemicals, which were taken into possession under the NDPS Act, 1985. Further investigation remains in progress.
    July 14, 2026
    Show AI Summary
    Wildlife trafficking enforcement targets ivory, endangered species, and transnational smuggling through coordinated operations and CITES-based protections
    Intelligence-led operations targeted organised wildlife trafficking involving endangered and protected fauna, ivory, and other wildlife products. More than 440 protected or endangered animals, approximately 15 kg of ivory articles and elephant ivory, and products including pangolin scales, leopard pelt, seahorse-based articles, and Red Sanders were seized, while 33 persons were arrested or apprehended. Elephant ivory recoveries were referred to the Forest Department for action under the Wildlife (Protection) Act, 1972. The Indian elephant is protected under Schedule I, trade in elephants and derivatives is prohibited, commercial ivory trade is restricted under CITES obligations, and ivory imports and exports are prohibited under the Foreign Trade Policy.
    July 14, 2026
    Show AI Summary
    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
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    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
    Show AI Summary
    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.

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      Olympian Ravi Kumar Dahiya praised the Richmondd Global School Students at Annual Sports Day Celebrations “ENERGIA-2025” in Thyagraj Stadium

      November 24, 2025

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      New Delhi [India], November 22: Richmondd Global School illuminated the iconic Thyagaraj Stadium with vibrancy, spirit and youthful vigour as it hosted its grand Annual Sports Day “ENERGIA-2025” on 9th November, 2025—a dynamic showcase celebrating talent, excellence and all-round development. The event powerfully echoed the school’s dedication to shaping confident, disciplined and forward-looking learners through authentic experiential opportunities. The occasion ascended to remarkable prestige with the presence of Padma Shree Awardee, Olympic Medalist and World Wrestling Champion Shri Ravi Kumar Dahiya as the Chief Guest, whose inspiring words encouraged students to embrace courage, perseverance and self-belief, leaving an enduring impression on the audience. Appreciating the event, Shri Ravi Kumar Dahiya shared, “I am absolutely spellbound. I have never witnessed such extraordinary perfection and breathtaking talent—from the youngest students to the seniors. Every act felt larger-than-life. The dedication, discipline and hard work of the teachers were visible at every moment on the field. The school’s effort in curating such a grand, flawless and meticulously coordinated event is truly commendable.” Chairperson Mrs. Nidhi Gupta, along with Principal Dr. Moupali Mittra, warmly welcomed and jointly felicitated the Chief Guest. CEO Mr. Rishabh Guptaa extended a warm welcome to the Parents and the School Community, emphasising meaningful learning and holistic development. He also presented a Memento to the Chief Guest. Administrator Mrs. Neha Gupta felicitated the Guest of Honour Shri Harvansh Chawla (Chairman, BRICS Chamber of Commerce and Industry). Managing Committee Member Mrs. Roopma Gupta welcomed the Special Guest of Honour Shri Shivam Chhabra (Advisor to Chief Minister, Delhi), while Managing Committee Member Mr. Nishant Gupta felicitated the Guest of Honour Shri Saurabh Gupta (Head – India Visa Services and Special Projects, VFS Global, Delhi).

      The ceremony began with the Lighting of the Lamp, symbolising purity and auspicious beginnings. This was followed by a colourful March Past, where all students marched together in perfect synchronisation, demonstrating unity, discipline and pride. A visually striking moment followed as balloons carrying the school banner ascended skyward, while pigeons released by the dignitaries marked the official commencement of the programme, symbolising -Strength ,Spirit and Energy.

      A defining highlight was the Grand Torch Lighting Ceremony, where the Chief Guest Shri Ravi Kumar Dahiya lit the ceremonial torch and handed it to the Head Boy. His victorious lap around the track officially declared the Annual Sports Meet Open. This was followed by the Oath-Taking Ceremony, in which the Head Boy and Head Girl led participants in pledging integrity, fairness and unwavering sportsmanship.

      Principal Dr. Moupali Mittra presented the School Report, highlighting the Scholastic Achievement, Gem Of the Year,CBSE accomplishments, SGFI recognitions and distinguished co-curricular progress. Meritorious students were honoured on stage for their excellence and consistency.

      The programme continued with a series of impressive presentations by students, beginning with Divine Genesis, a beautifully coordinated Ganesh Vandana, followed by Mystic Synergy by students of nursery and Prep. The sequence advanced into Danza del Espíritu, presented by students of Class I – The Dance of the Spirit, where students presented a rhythmic Hula-Hoop performance, displaying agility, balance and coordination. This was followed by Sinfonía en Marcha – put up by students of Class II Symphony on the Move, a remarkable marching formation, and Mélodie des Parapluies, showcased by the students of Class III–IV – Melody of Umbrellas, in which colourful umbrella patterns swept gracefully across the arena.

      The athletic events then infused the stadium with excitement as students competed in the 100-metre dash, 400-metre race and Relay Race, demonstrating determination, competitive spirit and physical excellence. Winners were awarded with gold, silver and bronze medals by the honourable Cheif Guest .

      Further displays of student skill included Yong Saui Chum-Kumphu – done by the students of Class V – The Dance of the Warriors, featuring martial arts, tile-breaking and controlled fire stunts that showcased strength, precision and courage; Dynamic Dreams – rendered by the students of Class VI – With Faith in Motion, a gymnastics act of flips, pyramids and acrobatics reflecting balance and athletic excellence; Veeranjaneya Nritya – presented by the students of Class V and Class VI – The Dance of the Brave, portraying the heroic strength of Lord Hanuman; Pulse of Peace Yoga – put up by the students of Class VII, presenting remarkable balance, serenity and mindfulness; Spinergy – showcased by the students of Class III and Class IV, a graceful skating performance marked by smooth glides and coordinated patterns; and Kalaripayattu, The Dance of Power and Precision, honouring India’s ancient martial tradition with disciplined stances and fluid combat motions.

      After this magnificent performance, the next enthralling segment unfolded as “the RGS Rock Band” elevated the atmosphere, delivering a high-energy performance. Students played the guitar, drums and other instruments, accompanied by powerful vocals that filled the stadium with enthusiasm and youthful vibrancy, making the entire arena come alive, rocking to the power-packed music and electrifying energy.

      This seamlessly led into the Grand Finale – The Grand Crescendo, a mesmerising, eye-catching and captivating conclusion that brought everyone together. The stage transformed into a vibrant sea of colour and beauty as students from all classes came together on one platform, creating a spectacular visual harmony. It unfolded as a colourful, radiant display, leaving the audience inspired by the unity, joy and collective pride that defined the spirit of ENERGIA-2025.

      As ENERGIA-2025 moved toward its closing moments, the National Anthem united everyone in the stadium. It was a deeply goosebumps-inducing moment, with thousands of voices rising together in patriotic pride and emotional resonance.

      A heartfelt Vote of Thanks by the Headmistress acknowledged the Dignitaries, Staff, Teachers, Parents and Students for their immense contribution. ENERGIA-2025 concluded as a grand testament to Richmondd Global School’s vision—celebrating teamwork, discipline, creativity and the limitless potential of every learner.

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

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