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    Rupee likely to stabilise at 92-93, growth of 7-8pc key for developed India: EAC-PM chief
    Sensex, Nifty soar nearly 4 pc on US-Iran ceasefire, correction in crude prices
    US-Iran ceasefire set to ease pressure on India's energy supplies
    Cabinet approves Investment Proposal for construction of 1200 MW Kalai-II Hydro Electric Project in Anjaw District of Arunachal Pradesh with an outlay...
    Cabinet approves Investment Proposal for construction of 1720 MW Kamala Hydro Electric Project in Kamle, Kra Daadi & Kurung Kumey Districts of Arunach...
    Cabinet approves revision in cost and investment in equity for HPCL Rajasthan Refinery Limited (HRRL), Pachpadra, District - Balotra, Rajasthan
    Rupee likely to stabilise at 92-93 level: EAC-PM chairman
    Sensex, Nifty jump nearly 4 pc on US-Iran ceasefire, correction in crude prices
    Rupee surges 47 paise to close at 92.59/USD on US-Iran ceasefire, RBI pause on policy rates
    Across the Country, People Unite to Celebrate the First-Ever World Diamond Day
    CSB Bank Launches 'SMART SAVE ACCOUNT - SAVINGS, CURRENT & NRO', its First Retail Offering Post Core Banking Transformation
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    No governance or conduct-related issues found, RBI Guv on HDFC Bank
    US-Iran ceasefire, drop in crude oil prices fuel rally in stock markets; Sensex jumps 4 pc
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee April 6 to 8, 2026
    Adani wins US court hearing in push to throw out SEC fraud suit
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April 8, 2026
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Rupee stability and high-growth reforms frame India's path to developed nation status amid global uncertainty.
The Indian Rupee is expected to stabilise around the 92-93 level against the US dollar, with pressure attributed to global geopolitical headwinds and foreign institutional investor withdrawals. Strong macroeconomic fundamentals, fiscal space, and a comfortable current account deficit are described as supporting currency resilience, while the Reserve Bank of India's decision to keep policy rates unchanged is characterised as appropriate in the prevailing environment.
April 8, 2026
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Crude price correction and ceasefire-led sentiment drive a broad equity rally as the central bank holds policy steady.
Equity benchmark indices rallied sharply as global risk sentiment improved following a temporary US-Iran ceasefire, which triggered a steep correction in crude oil prices and eased concerns over inflation, growth and energy supply disruptions. Broad-based buying across sectors, stronger global markets and a firmer rupee supported the advance, while Indian volatility eased and sectoral indices, mid-cap stocks and small-cap stocks also moved higher. Brent crude fell sharply and Asian and European markets recorded strong gains, reflecting the wider recovery in market sentiment.
April 8, 2026
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Strait of Hormuz supply disruption eases as ceasefire improves tanker movement and steadies India's energy imports.
A conditional ceasefire between the United States and Iran eased pressure on India's energy supplies by lowering crude prices and improving prospects for transit through the Strait of Hormuz. India had earlier reduced LPG and natural gas supplies, then partially restored them as alternative sources were secured, while directing city gas distributors to prioritise piped natural gas connections for commercial users. Shipping authorities aimed to move stranded vessels before resuming trade.
April 8, 2026
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Hydro electric project investment approval strengthens power supply, enables infrastructure development, and provides free power and local area benefits.
Investment approval is granted for construction of the Kalai-II Hydro Electric Project on the Lohit river in Anjaw District of Arunachal Pradesh, with an installed capacity of 1200 MW and an estimated completion period of 78 months. The project is expected to generate annual energy output and to strengthen power supply in the State, assist in peak demand management, and contribute to balancing the national grid. The arrangement provides for 12% free power to the State and an additional 1% earmarked for the Local Area Development Fund.
April 8, 2026
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Hydroelectric project approval strengthens power supply, grid balancing and regional infrastructure development in Arunachal Pradesh.
Cabinet approval was granted for investment in the construction of the Kamala Hydro Electric Project in Arunachal Pradesh through a joint venture between NHPC Limited and the Government of Arunachal Pradesh. The project is intended to generate energy, support power supply and peak demand management, contribute to grid balancing and provide flood moderation benefits, while also including budgetary support for flood moderation and enabling infrastructure. The State is stated to receive free power, a Local Area Development Fund share and wider infrastructure and socio-economic benefits.
April 8, 2026
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Refinery cost revision and equity investment support a greenfield petrochemical complex aimed at energy security and import reduction.
Revision of the project cost for HPCL Rajasthan Refinery Limited at Pachpadra, District Balotra, Rajasthan, has been approved, along with additional equity investment by Hindustan Petroleum Corporation Limited. The project is a 9 MMTPA greenfield refinery-cum-petrochemical complex with 2.4 MMTPA petrochemical production capacity, implemented through a joint venture between HPCL and the Government of Rajasthan. The refinery is intended to support energy and industrial requirements, reduce import dependence, use locally available Mangala crude, and promote India as a refining hub.
April 8, 2026
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Rupee stability and macroeconomic resilience support expectations of steady growth, manageable deficits and appropriate policy rates.
Indian rupee is expected to stabilise around the 92-93 level against the US dollar, after pressure from global uncertainties, geopolitical tensions and foreign institutional investor withdrawals. India's economic resilience, strong macroeconomic fundamentals and fiscal space were described as cushioning the economy against external shocks. The current account deficit was described as remaining manageable, the Reserve Bank of India Monetary Policy Committee's decision to keep policy rates unchanged was described as appropriate, and growth expectations were stated to remain positive.
April 8, 2026
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Monetary policy caution kept the repo rate unchanged as conflict-driven energy and inflation risks weighed on the outlook.
The Reserve Bank of India kept the benchmark repurchase rate unchanged at 5.25 per cent, taking a cautious wait-and-watch stance amid uncertainty over the impact of the West Asia conflict on energy supplies, inflation and growth. The Monetary Policy Committee voted unanimously to retain the status quo, citing higher crude prices, pressure on the rupee and trade disruption.
April 8, 2026
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Monetary policy neutrality and forex stability shape rupee gains as West Asia tensions ease and inflation risks persist.
The rupee strengthened against the US dollar after easing geopolitical tensions in West Asia and supportive domestic market sentiment. The Reserve Bank of India kept the key policy rate unchanged and retained a neutral stance, taking a wait-and-watch approach amid uncertainty over energy supplies, inflation, growth and trade flows. The central bank's projections pointed to higher crude oil prices and a weaker exchange rate in the next financial year.
April 8, 2026
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Natural diamonds celebrated through World Diamond Day as a storytelling campaign on heritage, emotion, and craftsmanship.
The Natural Diamond Council launched World Diamond Day as a global awareness initiative to celebrate the personal, emotional, and heritage value of natural diamonds. The campaign invited artisans, manufacturers, retailers, consumers, and industry stakeholders to share authentic stories about diamonds as symbols of love, milestones, memory, legacy, and craftsmanship. A dedicated toolkit and optional creative assets were made available to participants, while the campaign message emphasised that natural diamonds are timeless heirlooms carrying meaning across generations.
April 8, 2026
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Auto-sweep banking product launches with higher returns on idle balances and anytime liquidity across savings, current and NRO accounts.
CSB Bank launched its Smart Save Account as its first retail offering after upgrading its core banking platform. The product is available in Savings, Current and NRO variants and is designed to improve returns on idle balances while preserving liquidity. It includes an auto-sweep mechanism that transfers surplus funds into fixed deposits, with interest of up to 7% on 13-month sweep-in deposits and no lock-in, so funds remain accessible when needed.
April 8, 2026
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Low interest rates and cautious monetary policy shape the Reserve Bank's stance amid inflation stability and market volatility.
Interest rates are expected to remain low in the medium to long term in view of benign inflationary conditions and strong macroeconomic fundamentals. The Reserve Bank has kept the benchmark repurchase rate unchanged while adopting a cautious wait-and-watch approach to assess the impact of the West Asia conflict on energy supplies, inflation, growth, the rupee and trade flows. Banks have transmitted earlier rate cuts to lending and deposit rates, and currency market steps were said to be temporary measures to curb excessive volatility.
April 8, 2026
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India's GDP growth projection stays resilient despite West Asia conflict, with exports and inflation facing downside risks.
Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, noting downside risks from elevated commodity prices, higher energy costs, and supply-chain disruptions linked to the West Asia conflict. Merchandise exports may be affected by shipping, freight and insurance costs, while domestic demand is expected to be supported by services-sector momentum, GST rationalisation, manufacturing capacity utilisation, and healthy financial and corporate balance sheets.
April 8, 2026
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Governance and conduct review found no material concerns in HDFC Bank's supervisory assessment and board review.
The Reserve Bank stated that its supervisory inspection of HDFC Bank did not reveal any governance or conduct-related issues, and that review of the bank's meeting minutes also disclosed no matter of material concern. The RBI reiterated that there were no material concerns on record regarding the bank's conduct or governance, describing HDFC Bank as a Domestic Systemically Important Bank with sound financials, a professionally run board, and a competent management team.
April 8, 2026
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Market rally and unchanged RBI policy follow easing geopolitical stress and a sharp fall in crude oil prices.
Equity markets rallied sharply after a US-Iran ceasefire and a fall in crude oil prices reduced concerns over energy supply disruption and inflation pressure. The Reserve Bank of India kept the benchmark repurchase rate unchanged and maintained a cautious wait-and-watch stance, citing uncertainty from the West Asia conflict, its impact on energy supplies, inflation, growth, the rupee, and trade flows.
April 8, 2026
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Monetary policy stance remains neutral as the policy repo rate is held unchanged amid supply shocks and inflation risks.
The Monetary Policy Committee kept the policy repo rate unchanged at 5.25 per cent, retained the standing deposit facility rate at 5.00 per cent, the marginal standing facility rate and Bank Rate at 5.50 per cent, and continued a neutral stance. The decision was based on resilient domestic growth, contained headline inflation, and heightened uncertainty from geopolitical tensions, supply-chain disruption, energy price pressures, and weather-related risks affecting the inflation and growth outlook.
April 8, 2026
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Personal jurisdiction and extraterritorial reach challenged in SEC fraud action over Indian bond offering and alleged misstatements.
Personal jurisdiction and extraterritorial reach were challenged in a US SEC fraud action arising from an Indian solar-energy bond offering. The defendants argued that the securities were sold outside the United States under Rule 144A and Regulation S, the issuer and alleged conduct were Indian, and the complaint failed to plead a domestic transaction, minimum contacts, or an actionable US nexus. They also denied credible evidence of bribery, asserted no investor losses, and contended that the relied-upon statements were non-actionable corporate puffery.
April 8, 2026
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Monetary policy stance held steady as the RBI weighs energy shocks, inflation risks and growth uncertainty from geopolitical tensions.
The Reserve Bank of India retained the benchmark repurchase rate and the neutral monetary policy stance, adopting a wait-and-watch approach in view of heightened geopolitical uncertainty arising from the West Asia conflict. The central bank assessed the possible effects of disrupted energy supplies, higher crude prices, rupee weakness, supply-chain disruptions and freight-cost pressures on inflation, growth and the current account, while noting that inflation remained within the target band for the time being. It also indicated that the economy faced a supply shock and that the full impact of the conflict would become clearer over the coming months.
April 8, 2026
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Monetary policy remains neutral as the repo rate stays unchanged, with growth and inflation projections set for FY27.
The Reserve Bank's first bi-monthly monetary policy for fiscal 2026-27 kept the repo rate unchanged at 5.25 per cent and retained a neutral monetary policy stance. It projected GDP growth at 6.9 per cent for FY27 and inflation at 4.6 per cent, while noting that the West Asia crisis and elevated energy and commodity prices may weigh on domestic economic activity and production. The Reserve Bank said it would remain proactive in ensuring sufficient liquidity in the banking system.
April 8, 2026
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Retail inflation outlook remains within target as the repo rate stays unchanged amid supply and price pressures.
Retail inflation is projected at 4.6 per cent for the current financial year, within the government-mandated target range. Quarterly CPI-based inflation is estimated at 4 per cent in the first quarter, 4.4 per cent in the second, 5.2 per cent in the third and 4.7 per cent in the fourth, while headline inflation remains contained and below target. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent amid geopolitical uncertainty, energy price pressures, weather-related food risks and supply chain dislocations.

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Customs & Trade

Gartex Texprocess India Mumbai opened on 9th April: Innovations driving apparel manufacturing and textile technologies on display

April 10, 2026

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Mumbai, Maharashtra, 10th April 2026: The exhibition comes at a time when India’s textile industry continues to chart a strong growth trajectory, supported by policy initiatives and rising global demands. With textile exports currently valued at nearly USD 36 billion (approx. Rs 3 lakh crore), the Ministry of Textiles has set an ambitious Vision 2030 target of expanding exports to USD 100 billion (approx. Rs 9 lakh crore) by strengthening domestic manufacturing and enhancing India’s global textile footprint. Events such as Gartex Texprocess India incorporating the Denim Show plays an important role in supporting this momentum by enabling technology adoption, industry collaboration and business opportunities across the textile value chain. The show opened with a ceremonial inauguration attended by distinguished dignitaries and industry leaders, including eminent dignitaries from the industry which included: Guest of Honour: Shri Ajay Pandit, Additional Textile Commissioner, Office of the Textile Commissioner, Ministry of Textiles, Government of India Mr Sharad Jaipuria, President, Denim Manufacturers Association & Chairman & Managing Director of Ginni International Ltd Mr Simon Lee, Managing Director of Hyosung Group (Hyosung corporation India Pvt Ltd & Hyosung India Pvt Ltd) Mr Aamir Akhtar, Group President & CEO Textiles, Jindal Worldwide Ltd Ms. Himani Gulati, Director, MEX Exhibitions Pvt Ltd Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Mr Winston Pereira, Executive Director, Messe Frankfurt Trade Fairs India Pvt Ltd Mr Gaurav Juneja, Director, MEX Exhibitions Pvt Ltd Mr Gagandeep Singh, Secretary General, Denim Manufacturers Association Mr Akhilesh Rathi, Vice President, Denim Manufacturers Association India’s textile sector, one of the country’s oldest and most diverse industries, is deeply rooted in centuries-old traditions while continuously evolving through innovation and modern manufacturing. Gartex Texprocess India Mumbai 2026 will witness several new product launches, technology demonstrations and live showcases, providing industry professionals with hands-on experience of garment manufacturing machinery, embroidery machines, laundry and finishing equipment, printing technologies and advanced textile solutions. The industry stands at a transformative juncture, driven by innovation, policy support and strong global demand. Platforms such as Gartex Texprocess India play a vital role in bringing together technology providers, manufacturers and brands to explore new opportunities and accelerate modernisation across the value chain. With live machinery demonstrations, product launches and focused knowledge exchange, the Mumbai edition offers an important gateway for industry stakeholders to experience the latest advancements shaping the future of garment and textile manufacturing. The Union Budget 2026–27 has placed the textile sector firmly at the centre of India’s economic growth strategy, recognising it as a key driver of employment, export growth, rural livelihoods and sustainable manufacturing. The sector also possesses significant intrinsic strengths. India is the world’s largest cultivator of cotton by acreage, the largest producer of jute, the second-largest producer of silk and cotton, a major global hub in the man-made fibres (MMF) segment and the second-largest producer of polyester and viscose fibres. According to the IMARC Group, the India textile manufacturing market reached USD 133.6 billion in 2025 and is projected to grow to USD 192 billion by 2034, registering a CAGR of 3.99%. The growth is being fuelled by government initiatives such as the Production Linked Incentive (PLI) scheme, increasing exports and rising domestic demand for apparel and home textiles. Technological advancements, the growing adoption of synthetic fibres, sustainability-focused production practices and expanding e-commerce channels are also accelerating industry expansion. Alongside the exhibition, knowledge sessions and industry discussions will provide insights into key topics including technology adoption in garment manufacturing, sustainability in textile production, digital printing innovations, automation in apparel manufacturing and emerging opportunities in denim and fashion supply chains. With a strong mix of technology, innovation and industry dialogue, Gartex Texprocess India Mumbai 2026 is set to serve as an important platform for collaboration, networking and business development within India’s fast-evolving textile and garment manufacturing ecosystem. Press information and photographic material: www.gartexindia.com Links to Social Media: Facebook | Instagram | LinkedIn | X Press Contacts: Messe Frankfurt Trade Fairs India Viral Parekh | Manager – PR & Corporate Communications +91 9930837978 | [email protected] Background information on MEX Exhibitions Pvt Ltd https://www.mexexhibits.com/ Background information on Messe Frankfurt www.messefrankfurt.com/background-information Sustainability at Messe Frankfurt www.messefrankfurt.com/sustainability-information Texpertise Newsroom (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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