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    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
    Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
    Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel
    30-member Indian commerce chamber delegation to visit Sri Lanka
    Rupee rises 22 paise to 96.51 against US dollar in early trade
    ED conducts raids in UP, Delhi and Punjab in Rs 450-crore bank loan 'fraud'
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    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
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    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
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    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    July 24, 2026
    Show AI Summary
    Forward-looking statements receive safe-harbor qualification amid reported IFRS performance, AI-led transformation initiatives, and revised revenue-growth guidance.
    Infosys reported first-quarter IFRS financial performance, including revenue growth, operating margin, earnings per share, free cash flow, and large-deal contract value, while revising revenue-growth guidance and retaining operating-margin guidance. The release describes AI-led enterprise transformation, cloud modernization, digital banking, financial-crime operations, and technology services engagements. Forward-looking statements are subject to safe-harbor protection and may differ materially because of business, talent, economic, technological, regulatory, cybersecurity, litigation, investigation, and tariff-related risks.
    July 24, 2026
    Show AI Summary
    Forced-labour import enforcement drives new tariffs as expiring stopgap levies and market uncertainty heighten trade-compliance concerns.
    Import tariffs were announced on goods from trading partners said not to have fully enforced prohibitions on products made with forced labour. The measures apply to imports from 60 trading partners representing most United States imports and were introduced as existing stopgap levies approached expiry, following a Supreme Court setback affecting other tariff measures. The announcement occurred amid market uncertainty linked to energy-route disruptions, rising crude-oil prices, inflation concerns, and scrutiny of artificial-intelligence investment spending.
    July 24, 2026
    Show AI Summary
    Cross-border commercial engagement supports Indian and Sri Lankan businesses in identifying partnerships and strengthening trade and investment relationships.
    Cross-border trade and investment engagement between India and Sri Lanka is proposed through a commerce chamber delegation representing diverse Indian industry sectors. A networking session is intended to enable direct interactions between businesses, identify partnership opportunities, discuss commercial collaboration and develop new business connections. The engagement seeks to strengthen commercial relationships across participating industries within the established bilateral trade and investment relationship.
    July 24, 2026
    Show AI Summary
    Foreign exchange market intervention limited rupee depreciation amid elevated oil prices, importer dollar demand, capital outflows and equity market weakness.
    Foreign exchange market conditions reflected an early appreciation of the rupee against the US dollar, with likely central bank intervention through state-owned banks reported as limiting sharper depreciation. Softer dollar conditions provided limited support, while elevated crude oil prices increased dollar demand from oil marketing companies and sustained importer buying pressure. Foreign institutional investor equity outflows, domestic equity weakness, and West Asia tensions affecting oil prices also influenced the rupee.
    July 24, 2026
    Show AI Summary
    Money-laundering investigation examines alleged bank-loan fund diversion through shell entities, accommodation entries, fake invoices and circular transactions.
    A money-laundering investigation under the Prevention of Money Laundering Act concerns alleged bank-loan fraud involving Santosh Overseas Ltd., its promoters and linked entities. Searches were conducted at premises in Uttar Pradesh, Delhi and Punjab. The investigation, arising from a Central Bureau of Investigation case, alleges diversion and layering of loan funds through shell entities, accommodation-entry operators and related companies by means of purportedly fake invoices and circular financial transactions.

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      motorola edge 70 – No-Compromise Ultra-Slim Smartphone^ with Triple 50MP AI cameras, Snapdragon 7 Gen 4 and Military Grade durability: Goes on Sale today — At just Rs. 28,999*

      December 23, 2025

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      New Delhi, Delhi, India – Business Wire India • The motorola edge 70 goes on sale starting 23rd December 2025 on Flipkart, Motorola.in, and leading retail stores across India at an effective launch price of just Rs. 28,999* • The motorola edge 70 redefines the ultra-thin smartphone category, featuring an incredibly slim 5.99mm aircraft-grade aluminium design weighing just 159g, combined with no-compromise performance, durability, cameras, and battery life • India’s 1st Ultra-slim phone with Snapdragon® 7 Gen 4 Mobile Platform with a Dedicated AI Key, the device delivers advanced multi-platform AI experiences with moto ai 2.0, Microsoft Copilot, Google Gemini, and Perplexity, along with faster CPU, GPU, and AI performance • The smartphone is India’s only ultra-thin phone with three 50MP cameras, supporting 4K 60FPS video recording across all cameras, a 50MP OIS main camera, a 50MP ultra-wide + macro camera, and a 50MP front camera, enhanced by moto ai and Google Photos AI tools • Despite its ultra-slim profile, the motorola edge 70 packs India’s largest 5000mAh battery in an ultra-thin smartphone, delivering up to 40 hours of battery life^, with 68W TurboPower™ fast charging, 15W wireless charging, and reverse charging • It features the segment’s brightest 6.7” Super HD Extreme AMOLED display with 4500 nits peak brightness, 120Hz refresh rate, HDR10+, and Pantone™ & Pantone SkinTone™ Validation for true-to-life visuals • The device offers no-compromise durability with MIL-STD-810H military-grade certification, IP68 + IP69 protection, and Corning® Gorilla® Glass 7i, ensuring resistance against drops, water, dust, sand, and extreme conditions • Crafted with refined aesthetics, the motorola edge 70 comes in Pantone™ curated colours — Bronze Green, Lily Pad, and Gadget Gray, featuring a premium textured finish on an aircraft-grade aluminium frame Motorola, a global leader in mobile technology and innovation and India’s leading AI smartphone brand#, today announced the sale of its thinnest and most uncompromised smartphone — the motorola edge 70 — at an effective price of just Rs. 28,999*. Designed to redefine what an ultra-slim smartphone can deliver, the motorola edge 70 combines an industry-leading 5.99 mm ultra-thin design with flagship pro-grade cameras, advanced AI intelligence, long-lasting battery life, and military-grade durability. Powered by the powerful Snapdragon® 7 Gen 4 Mobile Platform, the motorola edge 70 introduces next-generation performance and intelligence with a dedicated AI key. The chipset delivers faster CPU and GPU performance along with a significant boost in on-device AI capabilities, enabling seamless multitasking, smooth gaming, and intelligent everyday experiences. Users can choose between moto ai 2.0, Microsoft Copilot, Google Gemini, and Perplexity, unlocking true multi-platform AI freedom. The device is equipped with 8GB LPDDR5X RAM and 256GB UFS 3.1 storage, supported by an advanced vapor-chamber cooling system for sustained performance. Photography on the motorola edge 70 sets new benchmarks as India’s only ultra-thin smartphone with three 50MP AI cameras. The setup includes a 50MP OIS main camera with 2.0µm Ultra Pixel technology, a 50MP ultra-wide + macro camera, and a 50MP front camera, all supporting 4K 60FPS video recording. Backed by moto ai features such as AI Video Enhancement, AI Action Shot, AI Adaptive Stabilization, and AI Group Shot, along with Google Photos AI tools like Magic Eraser, Photo Unblur, and Magic Editor, the device delivers professional-grade imaging with Pantone™ validated colours and accurate skin tones. Despite its ultra-thin profile, the motorola edge 70 houses India’s largest 5000mAh silicon-carbon battery in an ultra-thin smartphone, delivering up to 40 hours of battery life^. With support for 68W TurboPower™ fast charging, 15W wireless charging, and reverse charging, users get uninterrupted power throughout the day without compromising on design. The device also boasts the segment’s brightest 6.7” Super HD Extreme AMOLED display, offering 4500 nits peak brightness, 120Hz refresh rate, HDR10+, 100% DCI-P3, and Pantone™ & SkinTone™ Validation, ensuring stunning visuals in all lighting conditions. Dolby Atmos® stereo speakers and Hi-Res Audio further elevate the entertainment experience. Built for real-world durability, the motorola edge 70 features MIL-STD-810H military-grade certification, IP68 + IP69 protection, and Corning® Gorilla® Glass 7i, making it resistant to drops, dust, sand, high-pressure water jets, and extreme temperatures — all while maintaining its ultra-slim form factor. Running on Hello UI based on Android™ 16, the device comes with 3 OS upgrades and 4 years of security updates, along with features such as Moto Secure with ThinkShield®, Family Spaces, Moto Unplugged, and Smart Connect. Motorola further enhances ownership with Moto Premium Care, offering 24×7 support and hassle-free service. Availability: The motorola edge 70 is available in a single 8GB RAM + 256GB storage variant and comes in three premium Pantone™ curated colours — Bronze Green, Lily Pad, and Gadget Gray. Sales start from 23rd December 2025 on Flipkart, Motorola.in, and at leading retail stores across India, at an effective launch price of Rs. 28,999*. Offer Details: Product Name: motorola edge 70 Launch Price (8GB + 128GB): Rs. 29,999 Bank Offer: Rs. 1,000 additional Bank Discount Effective Price with Offer: 8GB + 128GB: Rs. 28,999* To know more about the product visit: https://www.flipkart.com/motorola-edge-70/p/itmc5fb119ade9e5 Operator Offers: Total Benefits worth Rs. 10,000 from Reliance Jio (Applicable on pre-paid plan of: Rs. 449) - Cashback worth Rs. 2000 - Partner coupons worth Rs. 8000 Disclaimers: *Price Including offers. Valid for a limited period only **As Per TechArc India’s Leading AI Smartphone Brand Report 2025 ^within the segment from motorola under 30K ##Battery hours are approximate and may vary About Lenovo & Motorola Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992)(ADR: LNVGY). Motorola Mobility LLC was acquired by Lenovo Group Holdings in 2014. Motorola Mobility is a wholly owned subsidiary of Lenovo and is responsible for designing and manufacturing all Moto and Motorola branded mobile handsets and solutions. *T&C Apply, including all offers. Offers are subject to change at the discretion of the brand. To View the Image, Click on the Link Below: motorola edge 70: ultra-thin design with triple 50MP cameras goes on sale at Rs. 28,999* (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

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