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    Vizhinjam port to begin full EXIM operations from Aug 18
    Union Minister of Commerce and Industry Shri Piyush Goyal Engages with Leading Finnish Technology and Industrial Companies to Deepen India–Finland P...
    US oil firms sign deals with Iraq to develop alternative shipping routes
    HC transfers probe against ex-MLC Haji Iqbal from UP STF to SFIO
    Rupee rises 12 paise to close at 96.30 against US dollar
    MP industrial corporation, Amazon ink pact to accelerate e-commerce exports
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    Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: SC
    India'€™s forex kitty jumps USD 964 mn to USD 675.15 bn
    Rupee rises 14 paise to close at 96.28 against US dollar
    Office of Economic Adviser to Release Revised Index of Core Industries Series with Base Year 2022–23
    Fourth Edition of IICA’s National Conference on Responsible Business Conduct (NCRBC) 2026 held in New Delhi
    Reliance promoters raise stake by 0.5 pc through Rs 8,500-9,000 cr worth of share purchases
    US Senate bill seeks 100% tariffs on India, 4 other nations for buying Russian oil
    NRIs can bring USD 70-80 bn into India through FCNR deposits: expert
    NetAcct Solutions Launches Entries ERP Powered by the Entries AI Platform
    Union Minister of Commerce and Industry, Shri Piyush Goyal Leads High-Level Delegation to Finland to Strengthen Trade and Investment Ties
    India Achieves Major Milestone at Codex Commission with Adoption of Three Global Standards for Spices
    Centre for Trade and Investment Law launches guidebook to help Indian MSMEs expand into global markets
    Brazil calls Trump's 25 pc tariff unjustifiable, vows to impose reciprocal tariffs
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    July 18, 2026
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    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
    July 18, 2026
    Show AI Summary
    India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
    India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
    July 18, 2026
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    Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
    Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
    July 17, 2026
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    Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
    A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
    July 17, 2026
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    Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
    Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
    July 17, 2026
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    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
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    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
    Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
    July 17, 2026
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    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
    July 17, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
    Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
    July 17, 2026
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    Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
    The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
    July 17, 2026
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    Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
    The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
    July 17, 2026
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    Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
    ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.
    July 17, 2026
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    Promoter shareholding increase through market purchases remains within creeping acquisition limits and signals confidence in long-term growth prospects.
    Promoter and promoter-group shareholding in Reliance Industries Ltd increased by nearly 0.5 percentage points through market purchases during the June quarter. The purchases were reported to be within SEBI creeping acquisition limits, allowing gradual promoter acquisitions without triggering a mandatory open offer where prescribed thresholds are met. The increase may strengthen promoter control and marginally reduce public float, and was characterised as reflecting confidence in long-term growth, earnings trajectory and capital-allocation plans.
    July 17, 2026
    Show AI Summary
    Tariffs on Russian oil purchasers would target sanctions evasion, with reassessment mechanisms and limited energy-sector exemptions proposed.
    Proposed United States Senate legislation would impose mandatory tariffs on imports from leading purchasers of Russian oil or gas and leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustments, while exempting qualifying countries reducing Russian gas imports. Russian uranium purchases for specified nuclear and medical needs, and certain nuclear and space cooperation activities, would be excluded.
    July 17, 2026
    Show AI Summary
    Foreign currency non-resident deposits enable overseas Indians to invest foreign earnings while supporting India's foreign-exchange reserves.
    Foreign Currency Non-Resident deposits allow Non-Resident Indians and Persons of Indian Origin to maintain overseas earnings as foreign-currency fixed deposits with Indian banks without conversion into Indian rupees. Banks may offer enhanced interest rates for a limited period under an initiative intended to strengthen foreign-exchange reserves and support the rupee. The framework covers the investment process, regulatory requirements, taxation aspects and advantages for eligible overseas investors.
    July 17, 2026
    Show AI Summary
    GST compliance management integrates reconciliation, input tax credit support, invoicing and statutory monitoring within an AI-powered enterprise platform.
    The unified cloud platform combines accounting, manufacturing, inventory, procurement, human resources, payroll, compliance, reporting and document management with an embedded AI agent. Its compliance functions include GST validation, purchase-register reconciliation with GSTR-2B, input tax credit support, supplier filing-gap detection, e-invoicing, e-way bills, TDS and statutory due-date tracking. Financial and operational workflows are intended to use common real-time data, with automation for invoices, journal entries, reconciliations, reporting, workflow approvals and compliance-risk monitoring.
    July 17, 2026
    Show AI Summary
    Institutional trade cooperation expands through industry MoUs, supporting investment, innovation and technology partnerships across strategic economic sectors.
    Bilateral trade and investment cooperation was advanced through ministerial discussions and industry engagements concerning financial markets, innovation, enterprise financing and commercial relations. Two institutional Memoranda of Understanding established mechanisms for industry collaboration and greater business engagement. Sector-specific interactions covered digital and frontier technologies, space, clean energy, bioeconomy, circular economy, infrastructure and advanced manufacturing, focusing on collaboration, investment and technology partnerships.
    July 17, 2026
    Show AI Summary
    Codex spice standards harmonise quality benchmarks for cardamom, coriander and vanilla, supporting trade consistency, market access and export competitiveness.
    Codex standards for large cardamom, coriander and vanilla establish harmonised international quality benchmarks following review by relevant committees on analytical methods, food additives and food labelling. The standards are intended to promote consistent quality requirements, facilitate trade, improve market access and support export competitiveness. India was also accepted as Co-Chair of an Electronic Working Group developing policy guidance on risk analysis for new food products.
    July 17, 2026
    Show AI Summary
    Export readiness for MSMEs strengthens global market access through trade intelligence, standards compliance, preferential origin rules and trade remedy awareness.
    Export readiness for Indian MSMEs is supported through practical guidance on identifying export opportunities, market-access requirements, trade intelligence tools, international standards, sustainability requirements and buyer identification. International expansion strategies include using preferential Rules of Origin and cooperation mechanisms under Free Trade Agreements, selecting export destinations, product positioning, diversification and value addition. Trade remedy awareness and guidance on unfair trade practices and import surges, together with institutional support, partnerships and trade-exhibition participation, can strengthen global competitiveness and integration into global value chains.
    July 16, 2026
    Show AI Summary
    Reciprocal tariff measures and multilateral dispute settlement are pursued in response to contested import duties.
    Reciprocal tariff measures are proposed in response to a new tariff on specified Brazilian imports allegedly involving unfair trade practices. Brazil rejects those allegations and proposes to use its reciprocity-law mechanisms, including reciprocal tariffs and other trade-related countermeasures, while pursuing multilateral dispute settlement. It maintains that trade investigations must conform to multilateral international-trade rules and notes that the tariff may burden exports and increase commercial uncertainty.

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      Latest: Trump has arrived for Board of Peace launch

      January 22, 2026

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      Davos, Jan 22 (AP) US President Donald Trump is hosting presidents, prime ministers and top diplomats from more than a dozen countries to tout his international “Board of Peace” at the World Economic Forum in Davos, Switzerland.

      The list of attendees, according to a forum schedule, is heavy on the Middle East and South America. But it remains short on major US allies from Europe, and the full membership list still isn't clear. Secretary of State Marco Rubio and US envoy Steve Witkoff are with Trump.

      Europe is breathing a sigh of relief Thursday following Trump's dramatic reversal over Greenland the day before in Davos, where he scrapped the tariffs that he threatened to impose on eight European nations to press for US control over Greenland.

      Here is the latest: Trump mentions UN as a partner --------------------------------------- In his opening remarks praising the launch of his Board of Peace, Trump made a point to mention the United Nations.

      He said “many nations” have been part of establishing the body.

      Then he added, “We'll work with many others, including the United Nations.” Trump has been highly critical of the UN and withdrawn the US from multiple international organizations, and he has expressed ambitions recently that the new international board can replicate if not compete with the UN as an international broker.

      The Board of Peace logo focuses on the US and other parts of the Americas ------------------------------------------------------------------------------------- Trump initially billed his Board of Peace, focused on Gaza. Then he said it could play alongside the UN as a global broker.

      But the logo featured at the Davos event depicts North America and only parts of South America.

      The White House and State Department in Trump's second presidency also been highly focused on the Western Hemisphere, complete with Trump dubbing his approach the “Donroe Doctrine” as a play on the Monroe Doctrine established under the fifth US president.

      Trump has arrived for the Board of Peace launch --------------------------------------------------------- The US president will pitch his new international body with heads of government and top diplomats from multiple continents.

      Secretary of State Marco Rubio and US envoy Steve Witkoff are with Trump.

      The board initially was billed as part of the peace process for Israel and Gaza, but Trump has since expanded his ambitions for the group, saying it can play a role in mediating other international conflicts.

      Merz supports talks between Denmark, Greenland and the US ----------------------------------------------------------------------- Chancellor Friedrich Merz of Germany, one of the European countries that had faced Trump's threat of tariffs over Greenland, said he supports talks between Denmark, Greenland and the US but reaffirmed the Danish kingdom's sovereignty.

      “It is good news that we are making steps in the right direction,” Merz said at Davos. “I welcome President Trump's remarks from last night — this is the right way to go.” Rubio, Witkoff, and Kushner lead the Board of Peace's US delegation with Trump ------------------------------------------------------------------------------------------- Trump's core foreign policy advisers are expected to join him at the “Board of Peace” event, with Trump's son-in-law Jared Kushner in the room alongside Secretary of State Marco Rubio and US envoy Steve Witkoff.

      Witkoff and Kushner have been at the centre of multiple international negotiations, with Kushner involved especially in the Middle East despite not having an official White House role as he did in the first Trump presidency.

      Trump and other leaders set to launch the Board of Peace ------------------------------------------------------------------- The US president will host presidents, prime ministers and top diplomats from more than a dozen countries to tout his International Board of Peace.

      The list of attendees, according to a World Economic Forum schedule, is heavy on the Middle East and South America. But it remains short on major US allies from Europe, and the full membership list still isn't clear.

      Among the heads of government: Argentina President Javier Milei and Indonesia President Prabowo Subianto, both Trump allies; Paraguay's conservative President Santiago Peña; Uzbekistan President Shavkat Mirziyoyev; Pakistan Prime Minister Shehbaz Sharif; Armenian Prime Minister Nikol Pashinyan and Azerbaijan President Ilham Aliyev.

      Pashinyan and Aliyev agreed to their own peace deal at the White House last year.

      Attendees also include ministers and diplomats from Saudi Arabia, Bahrain, Turkey and Morocco, among others.

      Zelenskyy arrives in Davos --------------------------------- Ukrainian President Volodymyr Zelenskyy has arrived in Davos to meet with Trump.

      Zelenskyy is expected to make a speech and also participate in a panel discussion titled “International Advisory Council for Ukraine's Recovery.” On the sidelines of the event, Zelenskyy is expected to meet with representatives of energy companies.

      Elon Musk to speak at Davos in newly scheduled session ------------------------------------------------------------------ Tech billionaire Elon Musk is set to speak at Davos on Thursday in a newly scheduled session.

      The World Economic Forum, which Musk previously criticised, confirmed it will be the Tesla owner's first time attending the elite event in the Swiss Alps.

      His address is billed as a conversation with Laurence Fink, BlackRock's CEO and interim co-chair of the forum.

      Musk is embroiled in a war of words with Ryanair CEO Michael O'Leary that began with a dispute over installing Starlink systems on Ryanair planes. O'Leary on Wednesday dismissed the tech titan's suggestion he would buy the budget airline.

      Rutte stresses keeping Ukraine as a priority --------------------------------------------------- The NATO chief is urging allies to “keep our eyes on the ball of Ukraine” after a standoff over Greenland that rattled the alliance appeared to ease a day earlier.

      Rutte, speaking at the Ukraine breakfast, didn't address a question about whether Greenland, which Trump has coveted, would remain a part of Denmark under the “framework of a future deal” announced by the president.

      Rutte noted European plans to free up funds for Ukraine's defence and US-led talks about a peace deal, but said those efforts wouldn't bear fruit immediately, and Russia continues to launch drone and missile attacks on Ukraine.

      “What we need is to keep our eyes on the ball of Ukraine. Let's not drop that ball,” Rutte said. (AP) SKS SKS

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