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    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
    The Government of India to launch the Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) in the Union Territories of Chandigarh ...
    India and the Southern African Customs Union (SACU) sign Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement
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    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
    Show AI Summary
    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
    August 13, 2026
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    Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
    Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
    August 13, 2026
    Show AI Summary
    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
    SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
    August 13, 2026
    Show AI Summary
    Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
    Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
    August 13, 2026
    Show AI Summary
    Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
    NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
    August 13, 2026
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    CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
    CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
    August 13, 2026
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    Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
    India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.

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      Second Edition of Art de Vivre à la française to be unveiled at India Design ID 2026

      February 11, 2026

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      A Celebration of French Excellence in Design, Creativity, and Lifestyle Innovation -- France celebrated as Country of Honour -- 18th– 22nd February 2026 | NSIC Grounds, Okhla, New Delhi NEW DELHI, Feb. 11, 2026 /PRNewswire/ -- As part of the India-France Year of Innovation 2026, Business France and the Embassy of France in India are proud to unveil the second edition of Art de Vivre à la française at India Design ID 2026, where France will be celebrated as the Country of Honour. Held at the NSIC Exhibition Grounds in Okhla, New Delhi, India Design ID attracts professionals, buyers, luxury brands, cultural institutions, and media from across the country and abroad. This prestigious event will bring together the finest of French craftsmanship, contemporary creativity, and lifestyle innovation. Presented as a highlight of the India-France Year of Innovation 2026, this edition reinforces the vibrant dialogue between design and savoir-faire, illustrating how French and Indian creativity converge to shape the aesthetics, materials, and art de vivre of the future. Attending the event, H.E. Mr. Thierry Mathou, Ambassador of France to India, said, "I am delighted to witness the remarkable success of the latest edition of the Art de Vivre à la française exhibition, showcasing the finest of French excellence in design, creativity, and craftsmanship. Being held under the India-France Year of Innovation banner, this event combines the excellence of the French lifestyle industry with innovation to build ambitious and inspiring collaborations between our two countries." A 350m2 Immersive Exhibition Celebrating French Excellence The exhibition will feature a 350m2 scenographic space designed to immerse visitors in the elegance, refinement, and vision that define l'art de vivre à la française. The curated showcase will spotlight the mastery and innovation of 16 leading French Houses and creators, spanning tableware and crystalware, contemporary design objects, home accessories, decorative textiles and interiors, lighting, furniture, sound equipment, fashion, gastronomy and leather goods. List of participating French Houses: ASSOULINE: The world's leading luxury publishing house, renowned for its beautifully designed books celebrating culture, travel, fashion, and lifestyle. Its volumes are considered both cultural references and decorative art objects. (www.eu.assouline.com / www.altiusluxury.com) BACCARAT: Baccarat embodies the ultimate French art de vivre, shaped since 1764 by a collective of master artisans. Renowned for crafting the world's purest crystal, the Maison sets the benchmark for contemporary elegance through a constant dialogue between heritage and innovation. (www.baccarat.com/en_fr/) CASAMANCE & MISIA: MISIA creates prestigious, high-quality fabrics and wallcoverings, offering collections that provide an emotional and sensorial interlude for interior design connoisseurs. The brand is known for its meticulous color palettes, patterns, and textures. (www.casamance.com / www.misia-paris.com) CRISTAL BENITO: French family atelier specializing in exquisitely crafted crystal objects. Their refined, hand finished pieces embody traditional expertise and luxury French artistry. (www.cristal-benito.fr) DASSAULT SYSTEMS: HomeByMe is a suite of 3D interior planning and product configuration solutions developed by Dassault Systèmes (the 3DEXPERIENCE Company) to help both consumers and businesses design, visualize, plan, and sell home interiors in 3D. (www.3ds.com) DAUM: Daum is an iconic French crystal maison renowned for its artistic heritage and exceptional craftsmanship. Historic French leader of pâte de verre, producing collectible glass sculptures in collaboration with leading artists and celebrated worldwide for its mastery of pâte de verre, an ancient and highly complex glassmaking technique. (www.daum.fr / www.altiusluxury.com) DEVIALET: French audio innovator with 250+ patents, known for its Phantom Ultimate and high-fidelity speakers. The brand blends cutting-edge engineering with elegant design to deliver powerful, immersive sound. (www.devialet.com) GALERIES LAFAYETTE MUMBAI: Galeries Lafayette, the legendary 130-year-old Parisian institution, marks its Indian debut through a strategic alliance with the Aditya Birla Group. More than a department store, Galeries Lafayette Mumbai is a 'retail-tainment' destination designed to transcend conventional shopping. (Galeries Lafayette India / Home - ABFRL) LAC – HUMIDORS: Specialist in crafting luxury cigar humidors, watch winders, and leather cases from rare materials, combining Riviera craftsmanship with innovative engineering. Their pieces reflect French excellence, exclusivity, and timeless design. (www.lac-humidors.fr) LE CREUSET: Global icon since 1925, Le Creuset produces premium, handcrafted enameled cast iron cookware made in France. Celebrated for durability, colour innovation, and culinary performance, the brand remains a favourite among chefs and design conscious consumers worldwide. (www.lecreuset.in) LUX TEMPORIS: Specialist in designing kinetic, bioinspired lighting that merges robotics with artisanal savoir-faire. Their poetic, moving light sculptures transform interiors through delicate, nature inspired motion and materials. (www.luxtemporis.com) NATHALIE BORDERIE: French glass artist Nathalie Borderie creates expressive sculptures using the fusing technique, blending colour, texture, and light. Her couture influenced pieces combine glass, crystal, and metal to produce unique, collectible artworks. (https://nathalieborderie.fr) NATTIOT: Specialist in designing creative, sustainable children's rugs and accessories made in India, Belgium, and Turkey. Using OEKOTEX® certified materials, the brand offers practical, safe, and playful decor for modern families. (www.nattiot.fr) ST. DUPONT: The iconic French luxury Maison renowned worldwide for its exceptional savoir-faire in fine writing instruments, lighters and leather goods. (www.st-dupont.com) WATERFALL AUDIO: Known for its handcrafted glass loudspeakers blending haute couture aesthetics with advanced acoustic engineering. Made in Provence, their iconic designs combine glass, wood, aluminium, and French developed technologies for exceptional sound clarity. (www.waterfallaudio.com/en) L'OPÉRA: A French pâtisserie brand celebrating the refinement, precision, and emotion of French pastry. Rooted in classical French savoir-faire and elevated through contemporary creativity, L'Opéra reinterprets iconic pâtisserie codes with elegance and modernity. (L'Opéra India – French Bakery) Indian guest designer at the 2026 edition: KLOVE: A luxury design and lighting studio known for its hand-blown glass lighting fixtures, sculptural objects, and bespoke installations that blend artistry with spatial design. Klove aims to spotlight and promote an Indian designer, celebrating India's creative talent and craftsmanship while fostering cross-cultural dialogue within the global design community. (www.klovestudio.com) Indo-French Design Dialogues on 19th February 2026 As part of the programme, India Design ID will host the Indo-French Design Dialogues on Thursday, 19th February, co-organized by the Indo-French Chamber of Commerce and Industries (IFCCI) and Business France in partnership with Atout France, and bringing together influential voices from both countries — including senior representatives from Mobilier National, Atout France, Galeries Lafayette, leading Indian and international designers and architects like Vikram Goyal, Ashiesh Shah, India Mahdavi as well as French luxury and design houses. The discussions will explore design innovation, material intelligence, creative collaboration, and the shared values that connect India and France. This flagship event will celebrate the excellence of French and Indian Art de Vivre while highlighting design as a cultural bridge, where creation and identity mutually inspire and enrich one another. A Key Highlight of the Franco-Indian Year of Innovation 2026 By positioning Art de Vivre à la française at the heart of the Year of Innovation, France and India reaffirm how traditional savoir-faire and contemporary innovation mutually reinforce each other. Celebrating craftsmanship is not only about preserving heritage — it is also about inspiring new creative processes, integrating cutting-edge technologies, and promoting sustainable, future oriented design. This edition, therefore, highlights the capacity of French and Indian artisans, designers, and creative industries to transform ancestral techniques into modern solutions, fostering business partnerships and cross-cultural collaboration that shape the innovations of tomorrow. Business France extends its special appreciation to its institutional partners — the Indo-French Chamber of Commerce and Industry (IFFCI), the Institut Français en Inde (IFI), Atout France, Alliance Française, Ameublement Français, Mobilier National, La French Tech India , Francéclat as well as to our private partners Air France, l'Opéra, Klove, The Works, Lyra Network, ESI Group, Cooperl, Bacardi, Monin, Jaipur Rugs, Creaticity, Aaron Fernandes Entertainment and Furtado s whose support and collaboration have been instrumental in making this edition possible. About Business France Business France is the public agency supporting the international development of the French economy. It assists companies in expanding abroad, promotes exports, attracts foreign investment to France, and develops the V.I.E programme connecting companies with young talent for international assignments. With more than 1,400 employees in France and 53 countries, Business France helped generate €1.8 billion in additional export revenue for French SMEs in 2024, creating or planning over 31,010 jobs. The agency supported 66% of 1,688 foreign investment decisions in 2024, representing 69% of the 37,787 jobs projected to be created or maintained within three years. For more information and media inquiries, please contact: Embassy of France in India 2/50E Shantipath, Chanakyapuri New Delhi 110021, India Logo:Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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