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    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'
    US slaps 10 per cent tariff on goods imported from India over forced labour concerns
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    Infosys veteran Ashiss Kumar Dash to succeed Salil Parekh as new CEO in 2027
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    6Wresearch: India Export Attractiveness Tracker 2026
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    CRIF India Launches Chennai Chapter of 'Credit Goes to HER' to Strengthen Women's Leadership in the Credit Ecosystem
    Loan Fest 2026: Apply for a Bajaj Finance Personal Loan Online with Attractive Offers
    Rupee slips 4 paise to settle at 96.57 against US dollar
    Supertech twin towers: SC defers hearing on plea seeking refund for homebuyers
    Invest Manchester: UK-India Free Trade Agreement Opens New Doors for APAC Manufacturers
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    July 24, 2026
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    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
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    Money-laundering investigation examines alleged bank-loan fund diversion through shell entities, accommodation entries, fake invoices and circular transactions.
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    July 24, 2026
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    Forced-labour import prohibitions shape tariff treatment as India's policy amendment secures a lower rate for imported goods.
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    July 24, 2026
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    Integrated industrial city development promotes cross-learning on digital governance, investor facilitation, infrastructure planning and plug-and-play industrial parks.
    Industrial corridor development is being supported through cross-learning on AURIC Smart City's integrated planning, infrastructure and governance practices. The programme addresses master planning, utility systems, digital monitoring, land utilisation, investor facilitation, project implementation and coordination among implementing agencies. It also considers application of these practices to the Bharat Audyogik Vikas Yojana for plug-and-play industrial parks, with emphasis on integrated utilities, digital land management, investor-friendly approvals, sustainable infrastructure and multimodal connectivity.
    July 24, 2026
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    WTO trade policy review highlights India's commitment to transparent trade rules, development policy space and multilateral engagement.
    India reaffirmed an open, transparent, predictable and WTO-consistent trade and investment regime through tariff reform, customs simplification and free trade agreement initiatives. Its trade policy was presented as balancing developmental needs with WTO principles: agricultural tariffs protect vulnerable farmers, while industrial tariffs support supply-chain resilience and domestic manufacturing. India also committed to transparent, consultative and rules-compliant sanitary measures, technical regulations and trade remedies, with investigations based on objective evidence, due process and judicial oversight, including continued application of the Lesser Duty Rule in anti-dumping matters.
    July 23, 2026
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    Temporary Section 122 surcharge expiry may restore MFN treatment for Indian exports, while Section 301 tariff uncertainty continues.
    The US temporary Section 122 import surcharge on Indian goods is scheduled to expire unless extended or replaced, restoring affected imports to normal US MFN tariff treatment. Liability depends on entry for consumption or warehouse withdrawal. Section 232 national-security tariffs remain unchanged. Indian exports may still face fresh measures under Section 301 investigations into forced labour and excess manufacturing capacity, alongside potential country-specific or sectoral tariffs. The expiry may improve export competitiveness and market access, particularly for labour-intensive and MSME-driven sectors.
    July 23, 2026
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    Quantum finance innovation will advance secure digital banking through cybersecurity, fraud detection, collaborative research, workforce development and digital literacy.
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    July 23, 2026
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    Bullion market pressure intensified as rising oil prices, inflation concerns and restrictive monetary policy expectations weakened gold and silver sentiment.
    Gold and silver prices declined amid weaker global bullion trends, profit-booking, and higher crude oil prices linked to Middle East tensions. Market commentary associated the decline with inflation concerns and expectations that major central banks may sustain restrictive monetary policy for longer. Gold was described as facing near-term pressure from higher interest-rate expectations, inflation risks, and geopolitical uncertainty.
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    Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
    Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Restrictions on business-to-consumer and inventory-based e-commerce do not apply to these exports, subject to the Foreign Trade Policy 2023 and export regulations. Foreign direct investment in inventory-based e-commerce retailing for domestic sales remains prohibited, with the revised position taking effect upon the relevant foreign exchange notification.
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    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
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    Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
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    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
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    July 23, 2026
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    Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
    Homebuyer refund claims connected with demolished residential towers are being considered within the developer's insolvency proceedings. Buyers who have not opted for alternative allotment seek repayment. Eligible refunds are contemplated on a pro-rata basis from funds deposited by the Interim Resolution Professional, subject to the claims process and the availability of deposited funds.
    July 23, 2026
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    Free trade agreement tariff reductions create investment opportunities for Asia-Pacific manufacturers seeking UK and European market access.
    The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.
    July 23, 2026
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    Practical legal training and structured internships strengthen judicial examination preparation, professional skills, and career exposure for law students.
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      Congress gambit to go solo in BMC polls reshapes Opposition contest in Mumbai

      December 25, 2025

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      Mumbai, Dec 25 (PTI) The Congress’ decision to contest the Brihanmumbai Municipal Corporation (BMC) elections independently has fragmented the Opposition space in the Mumbai civic battle and turned the January 15 polls into a multi-cornered contest.

      The party cited the alignment between the Uddhav Thackeray-led Shiv Sena (UBT) and Raj Thackeray’s MNS as the reason for opting out of the Maha Vikas Aghadi (MVA) arrangement for the civic polls.

      According to political observers, the Congress’ move to go solo, focusing on local issues and ideological clarity, reflects strategic recalibration and political vulnerability. It is a bold gambit but one fraught with risk in a political landscape dominated by well-entrenched alliances and resurgent rivals, they said.

      How the Congress navigates this terrain in Mumbai could have long-lasting implications for its political fortunes in Maharashtra and beyond, they said.

      Historically, the Congress was a dominant force in Mumbai’s civic politics, but the last three decades have seen a steady decline in its seat share.

      In the last polls in 2017, the then undivided Shiv Sena (84) and BJP (82) were neck-and-neck, while the Congress’ tally plunged to just 31 seats.

      Congress leaders said they could not align with the Maharashtra Navnirman Sena (MNS) due to ideological differences, particularly over its stand on linguistic identity and migrant issues, which they argue run contrary to their party’s inclusive image.

      “We cannot be part of an alliance that promotes divisive politics,” Maharashtra Congress in-charge Ramesh Chennithala has said.

      The Congress strategy is aimed at consolidating minority, Dalit and migrant voters, sections that may be uncomfortable with the MNS’ links with the Maha Vikas Aghadi, said party leaders.

      MVA comprises the Congress, Shiv Sena (UBT) and NCP (SP), while the Mahayuti consists of the BJP, Shiv Sena led by Deputy Chief Minister Eknath Shinde and NCP under Deputy CM Ajit Pawar.

      The Congress has also indicated that its campaign will focus on local issues such as infrastructure, flooding, air pollution and alleged corruption in the functioning of the BMC.

      Political analysts said that the approach allows the Congress to target the BJP-led Mahayuti alliance on governance while distancing itself from Uddhav Thackeray’s party, which controlled the BMC for over two decades until 2022.

      However, the decision carries significant risks, they said. In recent elections, Opposition unity has been viewed as a key factor in countering the BJP’s organisational strength. A divided Opposition in Mumbai could potentially benefit the BJP-Shiv Sena (Shinde faction) alliance.

      The Congress also faces organisational challenges in the city. Its grassroots presence has weakened over the years, raising questions about its ability to field strong candidates across all 227 wards.

      Talks with Prakash Ambedkar-led Vanchit Bahujan Aghadi (VBA) for a possible understanding are ongoing, though sources say differences over seat-sharing have so far prevented a formal alliance.

      A good showing in the BMC polls could help the Congress rebuild its organisational base in Maharashtra and bargaining power ahead of future elections, while a poor performance could further marginalise it in the state’s urban political landscape.

      Control of the BMC is considered politically significant due to its large budget and influence over Mumbai’s civic administration.

      However, the Congress’ decision could turn the BMC polls into what might have been a bipolar fight into a crowded, multipolar battle. Congress leaders insist the gamble is existential rather than tactical.

      The immediate trigger was the long-anticipated rapprochement between Uddhav Thackeray and his cousin Raj Thackeray, which was formally announced on Wednesday.

      For the Congress, Raj Thackeray’s aggressive “sons of the soil” rhetoric, often directed at North Indian migrants, is a problem. Party leaders argue they cannot sacrifice the Congress’s long-held positioning as a secular, inclusive force in Mumbai’s diverse electorate.

      “We cannot align with forces that divide the city on linguistic lines. Our fight is for ‘vikas’ (development), not ‘vivad’ (division), Chennithala had said earlier.

      Political observers said that by contesting independently, the Congress aims to position itself as the only national, secular alternative in the fray.

      The party is betting heavily on the Muslim, Dalits, and North Indian vote banks, segments potentially alienated by the MNS’ presence in the opposition camp.

      The deployment of Telangana Chief Minister Revanth Reddy and former MP Mohammad Azharuddin shows the party’s targeted outreach to Telugu- and Urdu-speaking neighbourhoods, signalling a return to identity-based micro-mobilisation.

      The Congress plans to release detailed “chargesheets” alleging corruption and administrative failures in the BMC -- both under the current state dispensation and during the Shiv Sena’s earlier control of the civic body.

      However, a multi-cornered contest could indirectly benefit the Mahayuti alliance, said political analysts.

      Whether the bet to go solo pays off could shape not just the city’s civic future, but the Congress’ trajectory in Maharashtra for years to come, they added.

      Elections to 29 civic corporations, including the BMC, in Maharashtra will be held on January 15, and votes will be counted the next day. PTI MR NR

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