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    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
    HIGHLIGHTS
    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
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    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
    Show AI Summary
    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
    Show AI Summary
    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.

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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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