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    Union Minister for Commerce & Industry Shri Piyush Goyal Highlights India’s Climate Leadership, Renewable Energy Expansion and Global Economic Engag...
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    10th India–Kenya Joint Trade Committee Meeting Held in Nairobi to Strengthen Bilateral Trade and Economic Cooperation
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April 29, 2026
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Renewable energy expansion and climate leadership shape India's push for cleaner growth, efficiency, and global economic engagement.
India's climate policy and energy transition are presented as a combined framework of renewable energy expansion, structural power-sector reform, and international climate leadership. India is described as having achieved its renewable energy goals ahead of schedule, raised clean energy ambitions, and strengthened a unified national grid to improve transmission efficiency, lower power costs, and support large-scale renewable integration. The transition to LED lighting and broader efficiency measures are highlighted as examples of how data-driven policy and behavioural change can reduce energy use and emissions while remaining economically viable.
April 29, 2026
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Battery technology and low-carbon innovation drive CIBF 2026, highlighting energy storage, recycling and carbon footprint management.
Battery technology, energy storage and low-carbon innovation are the central themes of CIBF 2026, a large-scale international industry event in Shenzhen covering the battery value chain, advanced materials, intelligent manufacturing and circular recycling technologies. The accompanying forums address next-generation battery technology, electric aviation batteries, large-scale energy storage deployment and carbon footprint management, while highlighting green development through fuel cells, low-carbon manufacturing and recycling solutions.
April 29, 2026
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Bilateral trade cooperation deepens as India and Kenya expand market access, customs facilitation and local currency settlement talks.
Bilateral trade and economic cooperation between India and Kenya was reviewed and strengthened at the Joint Trade Committee meeting in Nairobi, with emphasis on trade diversification, market access and institutional engagement. The discussions covered trade facilitation through standardisation cooperation, exchange of pre-arrival customs information, and possible use of local currency settlement mechanisms, along with broader sectoral collaboration in engineering, pharmaceuticals, agriculture, renewable energy, digital public infrastructure, capacity building and education.
April 29, 2026
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Sports-related intellectual property fee waiver promotes innovation, eases registrations, and supports creators across the sports ecosystem.
All intellectual property registrations connected with sports, including trademarks, copyrights, patents, designs, traditional knowledge and geographical indications, were announced to be exempt from fees for three years with immediate effect. The initiative was presented as a special drive to promote innovation in the sports ecosystem, along with facilitation support under existing schemes to help innovators, students, artisans and other stakeholders file and secure IP rights.
April 29, 2026
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International taxation outreach highlights tax certainty, voluntary compliance, and guidance on new tax law, rules, forms, and APA issues.
International taxation outreach was conducted to familiarise stakeholders with the new Income-tax Act, 2025, the Income-tax Rules, 2026, and the new forms, with particular emphasis on international taxation, transfer pricing, and advance pricing agreements. The programme also highlighted simplified laws, trust-based governance, decriminalisation of several provisions, timely taxpayer services, and data-driven NUDGE campaigns to encourage voluntary compliance. The outreach included brochures on safe harbour, APA, foreign tax credit, and TRC, and a demonstration of the AI-powered chatbot "Kar Sathi" for taxpayer guidance.
April 29, 2026
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Fraudulent Input Tax Credit through bogus invoices led to detection of a GST evasion network and arrest of an accused.
Fraudulent availment and utilisation of Input Tax Credit through bogus invoices was detected in a GST evasion network involving a non-functional entity that passed fake ITC without actual supply of goods or services. Investigation also identified a smartphone trading entity as the principal beneficiary, and the son of its director was found to have knowingly availed and utilised fake ITC through paper transactions, attracting contravention of Section 16 and liability under Section 132 of the CGST Act, 2017.
April 28, 2026
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Agricultural trade and innovation partnerships drive Punjab's outreach on horticulture exports, crop diversification, and research collaboration.
Punjab's investment promotion outreach to the Netherlands and Finland focused on expanding cooperation in agriculture, horticulture, industrial investment, education, research exchange, technology transfer, and startup collaboration. Discussions included the possibility of importing roses from Punjab, developing export-quality flower production, and exploring joint projects in modern agricultural techniques, sustainable farming, and high-value crops. The outreach also identified opportunities for global partnerships in innovation and agricultural development, including a proposed research and development unit and an innovation hub in Mohali.
April 28, 2026
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Corporate guarantees as financial debt and limits on blocking roads for religious activities shape the latest legal developments.
Liabilities arising from corporate guarantees constitute financial debt under the Insolvency and Bankruptcy Code, and a consortium of banks led by SBI was recognised as financial creditors. Roads cannot be blocked in the name of religious activities; while a denomination has autonomy in the manner of worship, the government may interfere where a secular activity is affected.
April 28, 2026
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Interim bail under money-laundering law requires exceptional humanitarian grounds, not general hardship or chronic family illness.
Interim bail in offences under the Prevention of Money Laundering Act must rest on compelling, immediate and exceptional humanitarian circumstances. A plea based on the deteriorating medical condition of the accused's mother was rejected because the court found no sudden or life-threatening emergency, noted that dementia is a chronic condition, and held that the materials did not show an acute crisis requiring the accused's immediate presence. The court also found that other family members were available and that alternative care arrangements had not been shown to be impossible.
April 28, 2026
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Money-laundering probe over alleged homebuyer fraud leads to provisional attachment of Raheja Developers-linked assets.
Provisional attachment of immovable properties and related assets under the Prevention of Money Laundering Act was reported in a money-laundering investigation concerning alleged fraud against homebuyers by Raheja Developers and linked entities. The Enforcement Directorate stated that the case arose from FIRs alleging cheating of homebuyers and diversion of funds collected for residential projects. The agency alleged that project funds were routed through related entities and shell companies and used for purposes unrelated to the projects, while the company denied wrongdoing and attributed delays to missing infrastructure.
April 28, 2026
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Plastic-free packaging norms proposed for pan masala, gutkha and tobacco with eco-friendly material options.
Food safety packaging regulations are proposed to be amended to expand the range of suggestive packaging materials for pan masala by including naturally derived and eco-friendly options such as paper, paperboard, cellulose and similar materials. The draft amendment states that packaging for gutkha, pan masala and tobacco in all forms should be free from plastic, including vinyl acetate-maleic acid-vinyl chloride copolymer, and that plastic sachets should not be used for storing, packing or selling those products.
April 28, 2026
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Corporate guarantees as financial debt under insolvency law protect lender claims despite stamping and disclosure objections.
Liabilities arising from corporate guarantees executed by the corporate debtor constitute financial debt under the Insolvency and Bankruptcy Code where the guarantee secures money borrowed against interest. The guarantor's liability is co-extensive with that of the principal borrower, and a consortium of banks relying on such guarantees is entitled to be recognised as financial creditors in the insolvency process. Improper stamping does not render the instrument void, and non-disclosure in financial statements does not extinguish the lender's substantive right to claim the debt.
April 28, 2026
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Inflation concerns and rising oil prices keep central banks cautious as energy stocks gain and markets trade mixed.
Global markets traded mixed as rising oil prices and stalled diplomatic efforts over the Iran war lifted energy stocks and intensified inflation concerns. Brent and US crude advanced sharply, and major energy companies gained after stronger profit results. Central banks were expected to remain cautious, with the Federal Reserve likely to hold rates steady and the Bank of Japan keeping its policy rate unchanged while monitoring the impact of Middle East developments on the economy.
April 28, 2026
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Retail banking-led profitability improves as Bandhan Bank reports stronger quarterly earnings and better asset quality
Bandhan Bank reported a sharp year-on-year rise in quarterly net profit, driven mainly by stronger retail banking and treasury performance and improved asset quality. Retail banking returned to profit, treasury income stayed robust, and these gains offset wholesale banking losses. Better collection efficiency, stabilisation of the microfinance-led portfolio, and a shift toward secured lending supported profitability. Asset quality strengthened as gross and net NPAs declined, while lower slippages and improved recoveries reduced stress despite continued provisions. Advances and deposits grew, the secured-loan share increased, and net interest income and total income also rose.
April 28, 2026
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Smart home automation drives India's connected living market as Expo 2026 showcases design-led technology and integrated solutions.
Smart Home Expo 2026 opened in Mumbai as a trade platform showcasing India's smart living ecosystem, with emphasis on home automation, intelligent lighting, immersive audio-visual systems, energy management and smart security solutions. The event brings together more than 450 brands and over 8,000 products, and is presented as a forum for knowledge exchange, collaboration and business opportunities across the architecture, interior design and technology sectors.
April 28, 2026
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Money laundering attachment under PMLA targets family-linked assets in the Reliance Communications bank fraud probe.
Provisional attachment under the Prevention of Money Laundering Act was made in a bank fraud-linked money laundering investigation involving Reliance Communications and related entities. The Enforcement Directorate attached a Mumbai flat, a Khandala farmhouse, a land parcel and shares of Reliance Infrastructure Ltd through a group entity, stating that the action was intended to prevent dissipation of assets and protect the interests of banks and the public. The agency also referred to restitution of assets to the victims under the PMLA.
April 28, 2026
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Carbon border adjustment mechanisms and climate justice shaped discussions on balancing trade competitiveness with climate responsibility.
Carbon governance and climate justice were examined through an international symposium on trade competitiveness and climate responsibility, jointly organised by CTIL and CITIL at DNLU, Jabalpur. The discussions centred on the legal, ethical and economic dimensions of carbon pricing mechanisms, carbon border adjustment mechanisms and other climate-linked trade instruments, with emphasis on balancing climate action with trade competitiveness and on equitable climate outcomes in developing countries.
April 28, 2026
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Multilateral trade governance faces pressure as WTO dispute settlement, consensus decision-making, and special treatment for developing countries are reassessed.
Multilateral trade governance is being reshaped by geopolitical contestation, technological change, and economic imbalances, with the World Trade Organization's future role assessed in light of these pressures. The discussion examined the WTO's core functions of monitoring, negotiation, and dispute settlement, and noted that monitoring through committees and trade policy reviews remains active while negotiations face persistent difficulty. The dispute settlement system was described as impaired by the continued non-functionality of the Appellate Body, with interim arrangements providing only partial solutions.
April 28, 2026
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Arbitrator qualification and arbitration training gain momentum as India builds a globally benchmarked dispute resolution ecosystem.
The Indian Institute of Corporate Affairs completed the first in-person assessment cycle of its Arbitrator Qualifying Assessment Program, a three-tier certification process designed to develop professionally trained, globally benchmarked arbitrators. The programme is part of a broader effort to strengthen India's arbitration ecosystem, improve the credibility and efficiency of arbitration as a dispute resolution mechanism, and build a pool of world-class arbitrators and mediators at global standards.
April 28, 2026
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Expected Credit Loss framework to raise bank provisioning as markets slip on crude price surge and foreign outflows.
Indian equity markets declined as surging crude oil prices, foreign institutional investor outflows and persistent geopolitical uncertainty weakened sentiment across benchmark indices and sectoral stocks. Banking, financial and auto shares led the fall, while energy, commodities, telecom, utilities, metal and oil and gas counters showed resilience in selective trading. The Reserve Bank of India has finalised implementation of the Expected Credit Loss framework from April 2027, replacing the incurred loss model with a forward-looking system for earlier recognition of credit risk and ongoing monitoring.

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Bhagyanagar India Ltd. Targets INR 5,000 Crore Revenue by FY 2029-30 Amid Expansion Plans Spearheaded by Devendra Surana

May 13, 2026

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Strong top-line and bottom-line growth driven by scale expansion, with revenue rising 46% to INR 2,377 crore and PAT increasing 258% to INR 50 crore. Hyderabad, Telangana, India – Business Wire India Hyderabad-based Bhagyanagar India Limited (BSE: 512296, NSE: BHAGYANGR) has reported strong financial growth for FY 2025–26, with revenue increasing 46% year-on-year to INR 2,377 crore and profit after tax rising 258% to INR 50 crore. Backed by rising demand across infrastructure, renewable energy, electric vehicles, and industrial manufacturing, the company has outlined a long-term roadmap targeting INR 5,000 crore in revenue by FY 2029–30. The growth comes amid increasing demand for copper across sectors such as renewable energy, electric mobility, power infrastructure, telecom, and data centres, where copper remains a critical industrial material. The company’s market capitalization has also crossed the INR 1,000 crore mark over the past year, reflecting increased investor interest and business momentum. Financial Highlights — FY 2025–26 (Consolidated) Figures in INR Crore. Source: Regulatory filings with NSE and BSE. Particulars FY 2025–26 FY 2024–25 Growth Revenue (Turnover) INR 2,377.83 Cr INR 1,625.61 Cr 46% Operational EBITDA INR 106.14 Cr INR 37.02 Cr 187% Profit Before Tax (PBT) INR 67.51 Cr INR 18.68 Cr 261% Profit After Tax (PAT) INR 50.17 Cr INR 14.02 Cr 258% Expansion Roadmap Bhagyanagar India and its leadership, headed by Devendra Surana, have outlined a long-term growth roadmap focused on expanding the company’s presence within India’s non-ferrous metals sector, which includes: • Capacity expansion to 45,000 metric tonnes: The company has already achieved 35,000 MT of production capacity as of March 2026, making the next phase of expansion a clear and credible strategic progression. • INR 40 crore capital investment: Committed to manufacturing infrastructure over the next two years, directly backing the capacity ramp-up. • Corporate restructuring via NCLT-admitted demerger scheme: An NCLT-admitted demerger scheme under which Bhagyanagar India’s copper manufacturing business will be carved out into Tieramet Limited — a standalone, independently listed company — creating a cleaner corporate structure and giving shareholders direct equity exposure to one of India’s most strategically positioned copper businesses. • INR 5,000 crore revenue target by FY 2029–30: Anchored by the ongoing capacity ramp-up and the convergence of powerful demand drivers — AI data centre build-outs, utility-scale renewable energy, electric vehicle adoption, and India’s accelerating push toward industrial self-reliance. Competitive Strengths Bhagyanagar India’s growth strategy continues to be supported by: • 40-year unblemished track record: Not a single loss-making quarter in the company’s history or a single day’s delay in any of its obligations stands out as a rare distinction in a cyclical sector, and a testament to the durability and strong corporate governance norms of its business model. • Deep OEM relationships: Long-standing supplier and customer ties with major industrial names, backed by hands-on leadership. • Sustained financial momentum: Seven consecutive quarters of profit growth, with operating leverage now visibly translating into margin expansion across the P&L. • Powerful sectoral tailwinds: India’s energy transition, EV adoption, AI infrastructure build-out, and the country’s broader manufacturing-led growth story — all of which run on copper. Commenting on the company’s performance and long-term vision, Shri Devendra Surana, Managing Director, Bhagyanagar India Limited, said: “The future runs on copper, and Bhagyanagar India has been contributing to that future for over four decades. As India continues to witness growth across infrastructure, renewable energy, electric mobility, and industrial manufacturing, we remain focused on expanding our capabilities, strengthening operational efficiencies, and building a sustainable growth platform within India’s non-ferrous metals sector.” He added: “With our NCLT-admitted demerger scheme progressing on schedule, our capacity expansion to 45,000 MT well underway, and an INR 40 crore capex commitment firmly in place, we are on a clear and well-funded path toward our INR 5,000 crore revenue target by FY 2029–30.” About Bhagyanagar India Limited Founded in 1985, Bhagyanagar India Limited is a Hyderabad-based copper manufacturer that run two ISO-certified plants on a 60-acre site, serves 500+ clients pan-India, and lead the Indian copper industry in value-added product breadth — a 35,000 MT integrated business with VAP at the core of its margin story. Through its wholly owned subsidiary, Bhagyanagar Copper Private Limited, the company manufactures copper bus bars, rods, strips, foils, sheets, pipes, solar fins, etc. that flow directly into transformers, switchgear, auto electrical components, solar water heaters, and telecom infrastructure. Company Website - https://bhagyanagarindia.com/ About Devendra Surana Shri Devendra Surana, Managing Director of Bhagyanagar India Limited is arguably one of the most well-networked and articulate industrialists in South India. A Mechanical Engineer from Osmania University and a Post Graduate Diploma in Management holder from IIM Bangalore — where he was recognised as the "Brain of the Batch" — Devendra Surana brings both technical depth and strategic clarity to a business that has thrived for over four decades. His industry standing is exceptional. He is the current President of the South India Chapter of Bombay Metal Exchange, a leading national industry body, and has previously served as Chairman of the Telangana State Council of FICCI, President of the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI), and Founder President of the Young Entrepreneurs Organisation, Hyderabad. In 2018–19, the Hyderabad Management Association honoured him with the HMA Entrepreneur of the Year Award, presented by the former Vice President of India, Shri M. Venkaiah Naidu. To View the Image, Click on the Link Below: Shri Devendra Surana (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 PWR

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