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    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'
    US slaps 10 per cent tariff on goods imported from India over forced labour concerns
    NICDC Organises Cross-Learning Site Visit to AURIC Smart City to Strengthen Industrial Corridor Development
    India Concludes Eighth Trade Policy Review at WTO in Geneva
    US' temporary 10 pc tariff set to expire on Friday unless extended or new duties announced
    PNB to establish Quantum Finance Innovation Hub in Amaravati
    Infosys veteran Ashiss Kumar Dash to succeed Salil Parekh as new CEO in 2027
    Gold falls Rs 400 per 10 grams amid surging oil prices
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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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
    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.
    July 24, 2026
    Show AI Summary
    Forced-labour import prohibitions shape tariff treatment as India's policy amendment secures a lower rate for imported goods.
    Forced-labour import prohibitions are linked to tariff treatment under Section 301 of the Trade Act of 1974. Goods imported from India receive a lower tariff rate after India amended its foreign trade policy to prohibit imports of goods produced using forced labour. The framework excludes certain raw materials, goods causing economy-wide disruption, and products unavailable in sufficient domestic quantities. India has contested the underlying investigations and proposes that the issues be addressed through a bilateral trade agreement.
    July 24, 2026
    Show AI Summary
    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
    Show AI Summary
    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.
    A Quantum Finance Innovation Hub is proposed to apply quantum technologies to banking through stronger cybersecurity, proactive financial-fraud detection and secure digital financial ecosystems. The initiative will bring together industry, academia, startups, research organisations and government agencies to promote innovation in quantum computing, artificial intelligence and related technologies. It also focuses on workforce development, digital literacy, public confidence in digital financial services, and technology-enabled responses to cybercrime and digital-arrest scams.
    July 23, 2026
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    Chief executive succession plan appoints a CEO designate, subject to shareholder approval, for an AI-led corporate leadership transition.
    Corporate leadership succession at Infosys is proposed through the appointment of Ashiss Kumar Dash as Managing Director and Chief Executive Officer designate from 1 April 2027. The five-year appointment is subject to shareholder approval and follows a recommendation of the Board's Nomination and Remuneration Committee. The incumbent will remain in office until the transition date and support an orderly transfer of responsibilities. The succession plan identifies the CEO designate's business, technology-delivery, client and global operations experience as relevant to AI-led transformation.
    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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      MAAC’s 24FPS Creators Fest and International Animation Awards 2025 celebrates India’s creative and AVGC-XR innovation

      December 29, 2025

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      A platform bringing emerging creators and industry leaders together for a high-impact showcase of storytelling, technology, and next-gen career pathways Mumbai, December 26, 2025: MAAC (Maya Academy of Advanced Creativity), one of India’s leading pioneers in high-end 3D Animation, VFX, Game Design, Digital Design, and Digital Content Creation has concluded the 24FPS Creators Fest and 22nd edition of International Animation Awards 2025 at the Jio World Centre, BKC, Mumbai. This year’s edition was the most dynamic and impactful in the brand’s 25-year history, bringing together one of India’s largest communities of young creators, industry veterans, studio heads, and global M&E experts. 24FPS Creator Fest was designed as an immersive platform that offered deep insights into emerging opportunities across sectors and next-gen technologies. With over 6000 submissions from India and abroad, the awards celebrated work that demonstrated originality, technical excellence, and global-ready storytelling. Over the years, the 24FPS International Animation Awards has attracted entries from more than 100 countries, including Vietnam, the United Kingdom, France, South Africa, and multiple eastern European countries and more, reinforcing MAAC’s growing creative influence. The fest opened with a compelling keynote address by Mr. Ashish Kulkarni, Founder, Punnaryug ArtVision Pvt. Ltd., who highlighted the rapidly evolving AVGC-XR landscape and the global opportunities transforming the creative ecosystem. This year’s fest featured curated knowledge sessions, including a segment on decoding “Creators. Cameras. Content. The Future of the Video Value Chain”, featuring Ms. Shweta Mahadik, Content Creator, Mr. Gaurav Markan, Sr Manager Marketing – Product, B2B Business & Strategic Alliances- Image Communication Business, Canon India, and Mr. Kiran Deohans, experienced Director of Photography and member of ISC, moderated by Dr. Rajeev Rastogi, Founder & Managing Director, WhiteApple LLP. Further elevating the event’s thought leadership, a high-engagement panel discussion titled “New Era of Storytelling with GenAI” brought together Mr. Chetan Hansraj, Head of Department – AI and VFX, Balaji Telefilms Ltd.; Mr. Nishith Dayal, Co-Founder & Chief Creative Technologist, Eleventh Door Studio; and Mr. Vishal Yoman, Founder & CEO, Kalpanik Films. The session, moderated by Mr. Samit Shetty, Lead Solutions Engineer-Media & Entertainment at Autodesk, emphasised the importance of integrating AI literacy into creative education to prepare talent for global-standard production environments. MAAC has integrated GenAI-powered across all its career courses to ensure their learners are adept at working with in human-AI environments. A significant highlight was the panel titled “Players to Creators: Career Pathways in XR & Gaming Industry,” which featured a powerhouse assembly of leaders from Maharashtra’s gaming ecosystem. Moderated by Mr. Anand Jha, CEO of NILEE GAMES, the session included insights from Ms. Laxmi Khanolkar (CEO of Apar Games), Ms. Ranbeer Singh Hora (Managing Director of GodSpeed Games), and Mr. Deepak Ail (CEO of Dot9 Games). These industry veterans provided a strategic roadmap for aspiring creators, emphasizing the transition from consumers to architects of the burgeoning XR and gaming sectors. Parallel to the main stage, the “Creative Mandapam” track delivered high-impact masterclasses led by world-class studios, including 88 Pictures, CineVisualFX, and Framestore India. These sessions offered attendees a rare look into the technical mastery behind global hits, such as the VFX of Deadpool & Wolverine, and the nuances of acting and phonetics in animation. Notably, 24FPS Creator Fest took a definitive stand in representing the “C” (Comics) in the AVGC-XR spectrum. By hosting a dedicated panel on visual design for sequential storytelling—featuring experts from Mugafi and Indusverse—the fest ensured that the art of comic creation received its rightful place alongside animation and gaming. Diving deep into the ecosystem of India’s creator economy, Mr. Ashish Kulkarni moderated a panel discussion on the topic, ‘India Rising: The New Age of IP Creation’, featuring Mr. Sanjeev Waeerkar, Director, Ice Candy, Mr. Milind Shinde, Founder & CEO, 88 Pictures, Mr. Vaibhav Kumaresh, Founder Director, Vaibhav Studios and Mr. Akshat Rathee, Co-founder, NODWIN Gaming. The awards ceremony that unfolded in the evening honoured outstanding student and professional projects across Best Animation Short-film (2D/3D), Best Visual Effects Feature Film, Best Animated Short Film, Best Unreal Cinematic Film and Best VFX shot, among a host of other categories. A distinguished jury comprising leading studio heads, creative directors, and industry veterans evaluated the entries against rigorous artistic and technical benchmarks. In the “Movers and Shakers” category, the audience was captivated with Mr. Rahul Chahar who was awarded the ‘GenZ Youth Inspiration Award’; Ms. Shweta Mahadik as the ‘Creative Innovator of the Year Award 2025’; Ms. Reenu Debnath won the ‘Breakthrough start of the year 2025’; Devika Khade for ‘Comedy Creator of the Year 2025 – Female’; Harsh Rane for ‘Comedy Creator of the Year 2025- Male’; Hamza Syed for ‘Game Changer Creator of the Year 2025’; Arbaz Patel for ‘Reality Icon of the Year - 2025’ and Zaid Darbar as ‘Music Creator of the Year-2025’. The evening saw a host of entertaining performance by leading Indian dance crew ‘MJ5’, singer Juilee Joglekar, and comedian Joel D’souza who helped in making this evening memorable for the audience. Furthermore, MAAC felicitated 40 alumni who are under the age of 40, i.e., 40 Under 40, recognising their exemplary work for the AVGC-XR ecosystem. The strong participation at 24FPS Creator Fest reaffirmed the rapid evolution of India’s AVGC-XR sector, with creators showcasing expertise in, Animation & VFX Short films, Live action short format content, new age film making using real-time engines, AI-driven design, immersive media, and digital-first production workflows. On the occasion of completing 25 years, MAAC has also introduced two new learning tracks for its upcoming students—namely Career X and Creator X. These are not just new courses; they are future-ready academic pathways designed to bridge the gap between industry and academia, and power the next generation of creative professionals. Speaking on the successful culmination of the event, Mr. Sandip Weling, Chief Business Officer – Global Retail at Aptech Limited and Brand Custodian, MAAC, said: “24FPS Creator Fest this year has once again spotlighted the talent, and creativity of MAAC students. The sessions, industry conversations, and compelling storytelling showcased today reflect a generation fully prepared to redefine the global AVGC-XR landscape. MAAC remains committed to empowering this talent through world-class training, meaningful exposure, crucial skills, and future-ready opportunities that strengthen India’s creative economy.” As one of India’s most respected platforms in the Media & Entertainment education ecosystem, 24FPS continues to nurture and empower the next generation of creative professionals in the rapidly expanding media & entertainment sector. MAAC aims to strengthen this legacy through deeper academic–industry collaborations, creator-first initiatives, and stronger audience engagement in the years ahead. About MAAC: Maya Academy of Advanced Creativity (MAAC) is India’s leading training institute for high-end 3D Animation and Visual Effects. Founded in 2001 & a major brand of Aptech Ltd, MAAC has trained over lakhs of students, worldwide. It has in total over 130 centres globally with cutting-edge infrastructure in over 65+ cities. MAAC offers industry relevant career courses on 3D Animation, Visual Effects, Gaming, Digital Design, Filmmaking, Broadcast, VR & AR. MAAC courses are thoughtfully designed to provide students thorough insights about the dynamics of the industry. It provides real-life training environment to students, backed by excellent faculty, world-class infrastructure, and the latest technical tools. MAAC students are placed across all domains of the Media & Entertainment industry in India & overseas. With our job-ready courses, MAAC students are placed in leading production houses and studios such as DNEG,Amazon, Red Chillies VFX, Accenture, Green Gold Animation, NY VFXwaala, Industrial Light & Magic (ILM), Framestore, PhantomFX, BotVFX, 88 Pictures, Resonance Digital and Folks VFX, amongst others. For further information please visit- http://www.maacindia.com/ Media contact Aptech Limited Srinidhi Iyer, Corporate Communications [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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