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    'UK–India Free Trade Agreement will be India's most comprehensive agreement so far': Piyush Goyal at UK–India Week 2026
    ED questions CMRL Joint MD again in CMRL-Exalogic money laundering probe
    Rupee rises 20 paise to 94.25 against US dollar in early trade
    Amber Group eyes USD 2 bn revenue milestone soon; invests Rs 6,750 cr in UP projects
    Horticulture Minister flags off first export consignment of cherries and plums from Chandigarh to Oman
    ED attaches 4 hotels, 2 flats in DA probe against ex-IPS officer from Assam
    Amber Group eyes USD 2 bn revenue milestone soon; invests Rs 6,750 crore in UP projects
    Piyush Goyal and UK-India FTA Negotiation Teams Honoured at 10th Anniversary of IGF UK-India Awards
    UP International Trade Show to be held from Sep 25-29; Yogi asks Noida Authority to go fully online
    Best Atomberg Ceiling Fans for Bedrooms, Living Rooms, and Smart Homes in India in 2026
    APEDA Facilitates First Commercial Export of GI-Tagged Rewa Sundarja Mangoes from Madhya Pradesh to UAE
    Union Minister of Commerce and Industry Shri Piyush Goyal Announces Deployment of 1,000 Advisory Personnel Across India to Help Businesses Maximise In...
    Trump threatens 100 per cent tax on European imports if countries impose tax on digital services
    Two held for selling farmland using forged documents in Akola
    UP: Unnao student receives Income Tax summons for Rs 20.98 cr transactions
    CM Shivakumar warns excise officials against tarnishing govt image
    Uttarakhand exports five metric tonnes of rainbow trout to Nepal in first int'l shipment
    Transformational growth prime focus of India-UK FTA: Goyal
    DRI busts gold smuggling syndicate; seizes 15 kg foreign origin gold in operations at multiple locations; 15 persons arrested.
    DRI seizes 2 kg cocaine consignment in Surat; One held
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    June 29, 2026
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    Free Trade Agreement drives deeper UK-India cooperation across investment, innovation, services and future industries.
    The UK-India Free Trade Agreement was presented as a major milestone in India's trade strategy and as the most comprehensive agreement India has entered into so far, with implementation expected to begin in July. The Agreement was described as a platform for deeper bilateral cooperation across goods, services, investment, innovation and future industries, and as part of a broader reset in UK-India relations aimed at reducing barriers and strengthening long-term economic engagement. The Forum emphasised the Agreement as the basis for a new phase of investment, innovation and strategic partnership.
    June 29, 2026
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    Money laundering probe over alleged CMRL-Exalogic transactions and suspected proceeds of crime under prevention law.
    Enforcement Directorate questioned the Joint Managing Director of CMRL in a money laundering probe concerning alleged financial transactions between CMRL and Exalogic Solutions Pvt Ltd, with allegations of payment without services and loans extended despite delayed repayment. The case proceeds under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office, following findings of the Income Tax Department and prior scrutiny of CMRL after a raid reportedly detected suspected irregularities.
    June 29, 2026
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    Rupee appreciation supported by easing crude prices, stronger foreign inflows, and rising forex reserves despite firm dollar pressure.
    The rupee appreciated in early trade on support from easing crude oil prices and improving foreign inflows, even as a firm US dollar and subdued risk appetite weighed on sentiment. India's foreign exchange reserves increased in the latest reported week, indicating a rebuilding of the Reserve Bank's buffer after earlier dollar sales. The broader market backdrop included a steady dollar index, higher Brent crude, domestic equity weakness, and net foreign institutional investment into equities.
    June 27, 2026
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    Electronics manufacturing expansion drives Amber Group's localisation and import substitution strategy through large Uttar Pradesh investments.
    Amber Group is expanding its manufacturing footprint in Uttar Pradesh through large-scale investments in electronics, consumer durables and allied component production. The proposed projects at YEIDA include a high-density interconnect printed circuit board and semiconductor substrate manufacturing unit through a 70:30 joint venture, together with an expanded air-conditioner and components complex, with funding to be executed in phases through internal accruals, debt, equity and foreign direct investment from Korea. The expansion is positioned as a backward-integration and localisation strategy, supported under the Centre's Electronics Component Manufacturing Scheme and incentives from the Uttar Pradesh government.
    June 27, 2026
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    Horticulture export expansion opens overseas market access for Himachal Pradesh stone fruits through air cargo shipment to Oman.
    First export consignment of cherries and plums was flagged off from Chandigarh to Oman by air cargo, marking an initial international market entry for Himachal Pradesh's stone fruits. The initiative was undertaken through collaboration between the Himachal Pradesh Horticultural Produce Marketing and Processing Corporation and the Agricultural and Processed Food Products Export Development Authority to support grading, packing, quality testing and related export arrangements for farmers.
    June 27, 2026
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    Money laundering and disproportionate assets: attached hotels and flats linked to alleged proceeds routed through companies.
    Provisional attachment of four hotels in Guwahati and two residential flats in Mumbai, valued at about Rs 53.28 crore, was made under the Prevention of Money Laundering Act in a money laundering case linked to alleged disproportionate assets against a retired IPS officer from Assam. The Enforcement Directorate stated that the officer and his wife were found to have assets worth about Rs 79 crore against disclosed income and expenditure of Rs 7.23 crore and Rs 9.04 crore respectively, and that the proceeds were routed through three companies, including Ishan Commercial.
    June 27, 2026
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    Manufacturing expansion and electronics growth drive Amber Group's near-term revenue target and major Uttar Pradesh investments.
    Amber Group expects to reach the USD 2 billion revenue level in the near term, supported by growth in consumer durables, electronics, railway and defence businesses. It is investing about Rs 6,785 crore in manufacturing projects at YEIDA, including a joint venture unit for HDI printed circuit boards, flexible printed circuit boards and semiconductor substrates, and an expanded air-conditioner and components complex. The projects aim at backward integration, localisation, domestic supply and eventual exports.
    June 27, 2026
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    UK-India FTA leadership recognised as awards celebrate trade, finance, education and social impact across the bilateral partnership.
    The UK-India Awards 2026 recognised individuals and institutions for contributions to the UK-India corridor and the broader bilateral partnership, including trade, finance, consulting, lifesciences, education, social impact and sports. The UK-India FTA negotiating teams and Piyush Goyal received the Exceptional Leadership in Elevating UK-India Ties award for advancing the historic UK-India Free Trade Agreement, while other honourees were recognised for sustained contributions to specific areas of the relationship.
    June 27, 2026
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    Digital governance and land allotment enforcement drive Uttar Pradesh's push for online services, investment promotion, and project monitoring.
    The Uttar Pradesh government set the fourth edition of the Uttar Pradesh International Trade Show for September 25 to 29 in Greater Noida, presenting it as a platform to showcase the state's manufacturing strength, attract foreign buyers and facilitate business-to-business and business-to-consumer engagement as well as export orders. The Chief Minister also directed the Noida Authority to move all services online, monitor projects through an Integrated Command and Control Centre, and take action against land allottees who have not developed allotted land within the stipulated period.
    June 27, 2026
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    Energy-efficient Atomberg ceiling fans combine BLDC technology with EMI purchase options and smart-home convenience features.
    Energy-efficient Atomberg ceiling fans are presented with BLDC motor technology and features such as remote control, timer functions, boost mode, app connectivity, voice control and integrated lighting. Purchase is promoted through Bajaj Finance partner stores and an Easy EMI Loan structure, subject to pre-approved eligibility, store availability and selected repayment tenure. The release also states that Bajaj Finance Limited is an RBI-registered deposit-taking NBFC engaged in lending and acceptance of deposits.
    June 27, 2026
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    Geographical Indication exports gain momentum as Rewa Sundarja Mangoes enter overseas markets through coordinated export facilitation.
    APEDA facilitated the first commercial export of GI-tagged Rewa Sundarja Mangoes from Madhya Pradesh to the United Arab Emirates through coordinated work with horticulture authorities, exporters, Farmer Producer Organisations, pack house operators and farmers. The consignment was sourced, graded, sorted, packaged and cleared under export-quality and phytosanitary requirements before shipment, and the initiative is described as strengthening the export potential of GI agricultural products and improving income realisation for growers in the Rewa region.
    June 27, 2026
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    India-UK CETA expands market access, eases professional mobility, and grants eligible professionals social security exemption.
    Deployment of 1,000 advisory personnel and upgradation of the trade portal are announced to help businesses maximise benefits under the forthcoming India-UK Comprehensive Economic Trade Agreement. The agreement is described as India's most comprehensive free trade agreement, expected to improve market access, competitiveness of Indian enterprises and mobility for professionals. For eligible Indian professionals in the United Kingdom, it provides a five-year exemption from social security contributions and allows the savings to be placed in interest-bearing, tax-free provident fund accounts in India.
    June 26, 2026
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    Tariff threat over digital services taxes escalates pressure on countries taxing American technology companies abroad.
    A threatened tariff response targets countries that impose digital services taxes on United States companies, with the stated aim of deterring foreign taxation of American technology businesses. The measure is described as applying broadly to imports from countries adopting such taxes and as overriding previously negotiated trade arrangements. The text also notes that digital services taxes remain a trade sticking point and that the issue has been examined through United States trade investigations.
    June 26, 2026
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    Forgery and cheating in farmland sale exposed after identity mismatch and failed fingerprint verification during registration.
    Forgery and cheating were alleged in a farmland sale where a person purportedly posed as the recorded owner using a forged Aadhaar card and false identity particulars. Fingerprint verification did not match UIDAI records during registration, but the process was completed with a thumb impression in ink and cheques were handed over. The buyer later discovered the mismatch, contacted the genuine owner, and learnt that the transaction was fraudulent.
    June 26, 2026
    Show AI Summary
    Identity document misuse linked to income tax summons raises allegations of fake business transactions and fraud.
    Income tax summons issued under Section 131(1A) concerned alleged income and business transactions linked to a Delhi-based firm said to have misused the student's Aadhaar and PAN cards. The student denied any knowledge of the firm or related transactions, stated that neither she nor her family had set up such a business, and said she had responded to the department while also filing a grievance and seeking a police investigation into the alleged fraud.
    June 26, 2026
    Show AI Summary
    Tax enforcement and departmental discipline dominate as Karnataka directs stronger anti-evasion checks, coordination, and action against fake invoicing.
    Karnataka's Chief Minister directed excise officials to maintain departmental dignity, act cautiously, and avoid conduct that could tarnish the government's image, while warning that transfers to other departments and legal changes may be considered if necessary. He also referred to the AIB system, e-auction of new licences, and instalment-based renewal payments. In the Commercial Taxes department, he stressed strict prevention of tax evasion, border-document checks, coordination with neighbouring states, and action against fake invoices, bogus companies, and false Input Tax Credit claims.
    June 26, 2026
    Show AI Summary
    Rainbow trout export drive boosts Uttarakhand's fisheries sector with cold-chain support, gap funding and new overseas market plans.
    Uttarakhand's fisheries sector has entered the international seafood market through its first commercial export of rainbow trout to Nepal, supported by state assistance to cooperative societies in Pithoragarh district. The consignment was moved through a cold-chain processing route, and the fisheries department provided gap funding for harvesting, packaging, and transport to facilitate the export. The state is now examining additional export markets in Europe, West Asia and South-East Asia.
    June 26, 2026
    Show AI Summary
    Transformational growth shapes India-UK trade partnership as CETA and social security coordination widen cross-border business opportunities.
    India-UK CETA is framed as a broader bilateral trade framework focused on transformational growth, sectoral expansion and deeper economic cooperation beyond tariffs and rules of origin. The Double Contribution Convention is described as applying to temporary workers for five years and redirecting contributions into Provident Fund savings in India. The article also stresses implementation preparedness, tourism promotion and greater SME participation in trade delegations.
    June 26, 2026
    Show AI Summary
    Foreign-origin gold smuggling syndicate exposed through airport-linked operations, concealed carriage, melting facilities and multiple arrests.
    A coordinated crackdown on a foreign-origin gold smuggling syndicate operating through airports led to the detection of a gold melting facility used to process smuggled gold. The operation exposed a layered smuggling chain involving airport staff, handlers, intermediaries, a melting facility operator and persons engaged in the melting process, with arrests made across the network and seizure of gold recovered at the facility. Separate operations at Bengaluru and other airports, railway stations and land customs stations led to further recoveries of smuggled gold and additional arrests.
    June 26, 2026
    Show AI Summary
    Anti-narcotics enforcement targets cocaine trafficking through coordinated seizures, concealment methods, and arrests under the NDPS Act.
    The Directorate of Revenue Intelligence reported a coordinated anti-narcotics operation in which 2 kg of cocaine was seized in Surat and one person was arrested under the NDPS Act, 1985 in connection with illicit trafficking. The release states that, since May 2026, DRI operations across multiple transport and logistics hubs have resulted in the cumulative seizure of approximately 26 kg of cocaine and the arrest of 22 persons, including 14 foreign nationals. The release also describes trafficking methods involving ingestion, concealment in household and edible items, fabrics, and baggage.

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      Pressto India Appoints Sumant Kasliwal as Managing Director and CEO

      December 24, 2025

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      Appointment to drive expansion of retail footprint, scale direct to consumer growth across India and solidify Pressto's leadership in the premium Clean & Care market. MUMBAI, India, Dec. 24, 2025 /PRNewswire/ -- Pressto India has announced the appointment of Sumant Kasliwal as Managing Director and Chief Executive Officer. The appointment comes as the company looks to expand its retail presence and strengthen its direct to consumer and omni channel capabilities across India. Sumant will be responsible for leading Pressto's overall strategy and operations, with a focus on customer experience, national scale up, and operational discipline as the brand enters its next phase of growth. Jayanta Banerjee, Director, Pressto India, said, "We are delighted to welcome Sumant Kasliwal as CEO of Pressto India. His experience in building consumer brands and omni channel businesses will be valuable as we scale Pressto's footprint and capabilities across markets." Commenting on his appointment, Sumant Kasliwal, Managing Director and CEO, Pressto India, said, "India's Clean & Care market is at an important stage of evolution. Rising consumption and increasing premiumisation are leading customers to invest more in high value garments, footwear, and accessories. However, professional care for these products remains limited and fragmented." "Garment, footwear & bags, and accessory care is a specialised category where trust, technical expertise, and quality are critical, as customers cannot afford to take risks with products that hold both financial and personal value. Pressto has established strong credibility in this space through its long standing presence, international standards, and leadership in premium care. The company's focus going forward will be on scaling these standards consistently at a national level, supported by best practices, innovation, and category specific research and development." Sumant noted that his immediate priorities would include improving customer convenience, turnaround times, and reach through technology, while ensuring strong unit economics and operational consistency. "With a strong presence across key metros today, our focus will be to scale Pressto nationally and serve customers wherever they are. Over time, we also see the opportunity to extend trusted care beyond wardrobes into premium home and lifestyle categories," he said. Pressto currently operates over 50+ stores across eight cities in India and has established itself as a leader in premium dry cleaning, shoe and bag care, repair, and restoration services. The company has launched 13 new stores this year, including expansion into Hyderabad. Pressto operates a boutique in store cleaning model in which each garment is treated through an individual, customised process. It is the only dry cleaner in India that distils its cleaning solvent after every cycle, ensuring higher hygiene standards. Pressto offers a complete wardrobe care solution, including dry cleaning and laundry, shoe and bag care, repair and restoration, alterations, soft furnishing care, designer wear care, and an express two hour service. Sumant Kasliwal brings over two decades of experience across consumer technology, fashion, e-commerce, retail, and digital businesses. Most recently, he served as Business Head and Senior Vice President for Private Labels (Western Wear) at Nykaa Fashion, where he led portfolio strategy, brand development, and profitability. He is the Founder and former CEO of Twenty Dresses, a women's fashion brand acquired by Nykaa in 2019. Post acquisition, he played a key role in building Nykaa Fashion's business, including the launch of in house brands such as RSVP and NYKD, and led its offline expansion to over 150 points of sale within two years. With this appointment, Pressto aims to strengthen its leadership team as it focuses on scaling its operations and reinforcing its position in India's premium garment and lifestyle care segment. About Pressto India Pressto India is a leading premium garment and lifestyle care brand, offering specialised services across dry cleaning, laundry, shoe and bag care, repair and restoration, and designer wear care. With international standards, advanced technology, and a customer first philosophy, Pressto delivers trusted, high quality care for premium wardrobes and lifestyle products across major Indian cities. Media Contact: Dipika Gavankar +91-98208 23322 [email protected] Photo:Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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