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    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
    PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati
    Govt allows FDI in inventory-based e-commerce model only for export purposes
    Joint home loans in India - interest rates start at 7.25%* p.a. for salaried applicants
    6Wresearch: India Export Attractiveness Tracker 2026
    Govt allows FDI in inventory-based model of e-commerce only for export purposes
    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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    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
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    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
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    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
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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.
    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.
    July 23, 2026
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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.
    July 23, 2026
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    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
    Joint home loans allow eligible applicants to combine income for a single housing loan, while making every co-applicant fully responsible for repayment. Eligibility depends on each applicant's income, financial obligations, credit history, age, repayment capacity and property criteria. Applicants should agree on EMI sharing, ownership proportions and exit arrangements before applying, as removal of a co-applicant requires lender approval and reassessment. Co-owner borrowers may claim applicable interest and principal repayment deductions subject to ownership, contribution and income-tax requirements. Each applicant must provide separate identity, income and banking documentation.
    July 23, 2026
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    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
    India's export potential to 2031 is centred on smartphones, polished diamonds, petroleum products and medicines, with the United States, Hong Kong, Japan, China, Singapore and the United Arab Emirates as important markets. New product opportunities include iron ore concentrates, gasoline vehicles and light petroleum oils. Although selected destinations offer duty-free or preferential access, market entry in mature markets increasingly depends on compliance with non-tariff measures, including registration, quality certification, safety documentation and product standards. Semiconductor-related manufacturing is identified as a long-term opportunity supported by expanding electronics capacity, supply-chain diversification and domestic incentives.
    July 23, 2026
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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.
    July 23, 2026
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    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
    The Chennai chapter of the 'Credit Goes to HER' initiative provides a platform for women professionals in banking, NBFCs, fintech, housing finance, academia and policy to share knowledge, obtain mentorship and collaborate on inclusive credit practices. It seeks to strengthen women's leadership and participation in the credit ecosystem while supporting responsible lending, financial inclusion, transparency and data-driven decision-making.
    July 23, 2026
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    Digital personal-loan campaign combines online collateral-free borrowing, eligibility-based assessment, flexible repayment options and conditional lifestyle rewards for successful disbursals.
    Digital personal-loan campaign permits eligible customers to apply online for collateral-free borrowing and receive specified lifestyle rewards upon successful disbursal, subject to campaign terms. Applicants may check an offer, provide personal, financial and employment information, review loan terms, complete know-your-customer and bank-account verification, and undergo assessment. Interest rates, loan amounts and repayment tenures depend on eligibility, credit profile, income and internal assessment. An EMI calculator supports comparison of repayment options and estimation of monthly instalments before application.
    July 23, 2026
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    Foreign-exchange market pressure weakened the rupee as elevated crude prices and risk sentiment drove trading conditions.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid elevated crude oil prices linked to heightened West Asia hostilities. Weak domestic equity markets and foreign investor equity outflows contributed to negative sentiment. Market commentary indicated that prospective Reserve Bank of India intervention supported the rupee and could limit sharper depreciation, while shipping-security concerns contributed to elevated oil prices.
    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.

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      India Watch Weekend 2026 Delivers Another Successful Showcase of Global Watchmaking

      January 28, 2026

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      Mumbai welcomed collectors, brands, and global watch leaders as India Watch Weekend confirmed its position as a key international horological rendezvous. Mumbai, Maharashtra, India – Business Wire India Collectors, enthusiasts, industry leaders, and members of the international watch community gathered in Mumbai in January 2026 for the second edition of India Watch Weekend, India’s largest horological event. Hosted at the Four Seasons Mumbai, the event marked a significant evolution from its inaugural year, bringing together heritage maisons and independent watchmakers under one roof in an expanded, immersive format. Building on the momentum of its debut edition, India Watch Weekend 2026 welcomed 18 brands, over 1000+ unique visitors, and featured over 25 curated experiences across two days dedicated to fine watchmaking, education, and community. The event attracted attendees from across India as well as international guests and delegates from Qatar, China, the United Arab Emirates, Yemen, the United Kingdom, Singapore, Finland, Japan, France, Colombia, Australia, South Korea, Turkey, and more, underscoring India’s growing influence within the global watch landscape. A Curated Line-Up Bridging Heritage and Independence Participating brands this year included A. Lange & Söhne, Jaeger-LeCoultre, Panerai, Roger Dubuis, Baume & Mercier, Grand Seiko, DOXA, Titan, Moritz Grossmann, Tutima, EPOS, Laine Watches, MING, GENUS, Adra Labs, Nalla Neram, Charles Oudin, and FutureGrail. A notable milestone for the 2026 edition was the official presence of the Fondation de la Haute Horlogerie (FHH), marking its first participation at India Watch Weekend and reinforcing the event’s growing international stature. For the first time, leading international maisons shared the stage with cutting-edge independents and Indian creators, offering a rare and well-balanced panorama of contemporary horology. Guests registered for sessions and experiences via the official India Watch Weekend platform, with curated access designed to encourage meaningful interaction between collectors, brands, and watchmakers. “More Than a Showcase” “India Watch Weekend 2026 exceeded everything we had hoped for. The energy, enthusiasm, and sense of community over the weekend truly reaffirm why we started this platform. Seeing collectors, brands, and enthusiasts come together so seamlessly was incredibly rewarding, and we’re deeply grateful to everyone who made it such a success”, Karishma Karer, Co-Founder, India Watch Weekend.” The weekend opened with a private preview of A. Lange & Söhne timepieces alongside their watchmaker’s workshop, followed by a dense program of brand presentations, panel discussions, live watchmaking demonstrations, and collector-focused conversations. Over the course of the weekend, attendees were invited to engage deeply with both technical and creative aspects of watchmaking, from movement architecture and finishing to independent brand philosophy and market evolution. Alongside this, Chambers of Titan took the guests on a nostalgic trip through the brand's history and unique timepieces on display. To add to this visual and educational journey, live music accompanied the Chambers, instantly resonating with the esteemed guests. Conversations, Craft, and Community The programme brought together thought-provoking conversations, hands-on craftsmanship, and a strong sense of community. Highlights included panel discussions such as Do Watches Make You Money?, When Luxury Grows, Does Desire Shrink?, Are Women Rewriting the Rules of Power in Luxury?, and Taste vs Opportunity: Does Money Buy Taste—or Just Access? Speakers included Rohan Sachdev (EY India Consulting Leader & EY Africa–India Managed Services Leader), Jan Edöcs (CEO, DOXA), Pascal Ravessoud (Vice President, FHH), Claire Berthet (President, Charles Oudin), Niladri Mazumder (President & COO, SWI), and Ranjani Krishnaswamy. Chief Marketing Officer. Titan Company Limited, Praneeth Rajsingh (CEO, MING), Ali Nael (CEO, FutureGrail), among others. Beyond the panels, hands-on demonstrations offered guests an intimate look at the mechanics and artistry of watchmaking, Sake tasting by Grand Seiko, where collectors gathered to experience the Japanese heritage of the brand, and a high-powered foosball challenge by DOXA - with the winning team taking back a DOXA timepiece home! In contrast, collector roundtables encouraged open dialogue between seasoned connoisseurs and emerging enthusiasts—underscoring the event’s commitment to education, access, and exchange. Mumbai as a Global Horological Destination Set against the backdrop of Mumbai — one of Asia’s most dynamic cultural and commercial capitals — India Watch Weekend unfolded at a moment when India’s role in global watchmaking continues to accelerate. The city’s energy, diversity, and increasingly sophisticated collector base provided a fitting stage for an event designed to connect local passion with international expertise. Beyond the exhibition spaces, India Watch Weekend offered attendees the opportunity to network, exchange perspectives, and build lasting relationships in a relaxed yet highly curated environment. Looking Ahead India Watch Weekend 2026 successfully demonstrated that India is no longer a peripheral market, but an active and influential participant in the global watch conversation. By bringing together prestigious maisons, independent creators, collectors, and institutions in a single, thoughtfully curated setting, the event reaffirmed its mission to foster long-term growth, education, and collaboration within the Indian watch community. “This edition of India Watch Weekend was a powerful reflection of how far the Indian watch community has come. The conversations, the craftsmanship on display, and the camaraderie throughout the weekend made it unforgettable. We thank all our exhibitors and partners and look forward to building on this momentum in the years ahead.”, Punit Mehta, Co-Founder, India Watch Weekend. About India Watch Weekend India Watch Weekend (IWW) is India's landmark luxury watch event celebrating the culture, craftsmanship, and community of fine watchmaking. Founded by industry veterans Karishma Karer and Punit Mehta, IWW brings together collectors, enthusiasts, brands, retailers, and media on a comprehensive platform that honors Indian watch culture while connecting it with the global horological community. More than a traditional exhibition, IWW embodies three core pillars: Collect (immersive exhibitions and masterclasses), Connect (dialogue between enthusiasts and watchmakers), and Celebrate (honoring the craft and joy of watchmaking). The inaugural 2025 edition attracted over 450 attendees from across India and internationally, establishing IWW as an annual fixture on the global watch calendar. IWW positions India as an influential hub in the global watch ecosystem - a place where sophistication, knowledge, and passion receive the recognition they deserve, and where the international watch community actively engages rather than merely markets. For more information, visit www.theindiawatchweekend.comhttps://www.instagram.com/india_watch_weekend/?hl=e To View the Image, Click on the Link Below: L-R : Punit Mehta, Co-Founder, India Watch Weekend, Karishma Karer, Co-Founder, India Watch Weekend, Amit Sinha, COO, Richemont India.

      (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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