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    Rupee rises 14 paise to close at 95.27 against US dollar
    Jainson Cables India Marks a New Phase of Growth and Global Expansion
    Home Loan Demand Rises in 2026 as Indian Homebuyers Explore Affordable Financing Options
    'Tax evasion' case: Anil Ambani gets interim protection from coercive action under Black Money Act
    India’s Pharmaceutical Sector Reflects Commitment to Affordable Healthcare and Global Well-Being: Union Minister of Commerce and Industry Shri Piyus...
    Department of Commerce organizes Regional Outreach Programme and Press Interaction in Pharmexcil’s Regional Office, Mumbai
    India's exports hit all-time high of $863 bn in FY 25-26: Commerce ministry official
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    June 10, 2026
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    Reserve Bank of India intervention and foreign inflows support the rupee and ease government bond yields.
    Foreign exchange market conditions remained under pressure as the rupee moved against the US dollar, with traders attributing the currency's partial recovery to likely Reserve Bank of India intervention aimed at curbing volatility and preventing a further slide in the domestic unit. Government securities markets also reflected stronger foreign participation, with bond yields easing as foreign portfolio inflows increased and investors bought Government of India dated securities under the Fully Accessible Route, which permits investment without ceilings.
    June 10, 2026
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    Export-led manufacturing growth and standards-based compliance drive Jainson Cables India's global expansion.
    Jainson Cables India is described as a long-established cable manufacturer that has entered a new phase of growth through export-led expansion, diversification of its product range, and strengthened manufacturing capability. Its presence in more than 80 countries, Three Star Export House status, and Export Excellence Awards are presented as indicators of sustained export performance and international acceptance. The company's growth is supported by a structured certification and compliance framework, and its manufacturing model is aligned with national and international technical benchmarks.
    June 10, 2026
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    Home loan affordability hinges on credit score, down payment, tenure, and fees, not interest rate alone.
    Home loan affordability in 2026 depends on the interest rate as well as income, credit score, existing obligations, down payment, property value, and tenure choice. Lower rates reduce EMI and total interest, while higher rates may require longer repayment periods to keep monthly outgo manageable. Borrowers are advised to compare processing fees, foreclosure terms, and top-up or balance transfer options, and to check eligibility criteria such as residency, age, credit score, occupation, and required documents before applying.
    June 10, 2026
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    Black Money Act challenge secures interim protection against prosecution and penalty in foreign asset non-disclosure dispute.
    Interim protection from coercive action, including prosecution and penalty, was granted in a writ petition challenging the constitutional validity of provisions of the Black Money Act. The petitioner disputed the Act's retrospective application to earlier assessment years and the notice alleging wilful non-disclosure of foreign bank accounts, foreign assets, and beneficial interests in overseas entities, while the appeal process was allowed to continue.
    June 10, 2026
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    Affordable pharmaceuticals and regulatory cooperation shape India's strategy for export growth, innovation and global healthcare partnerships.
    India's pharmaceutical sector is being positioned as a driver of affordable healthcare, global supply reliability and innovation-led growth, with emphasis on quality standards, manufacturing capability and wider access to medicines. Policy and industry priorities highlighted include expansion of pharmaceutical exports, market diversification, regulatory excellence and stronger international cooperation. The communication also announces iPHEX 2026 and the Global Drug Regulatory Conclave 2026 as platforms for showcasing Indian pharmaceutical capabilities and for engagement among regulators, policymakers, industry leaders and foreign missions.
    June 10, 2026
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    Pharmaceutical export strategy advances through digital trade facilitation, biopharma growth and value-led manufacturing priorities.
    India's pharmaceutical export and manufacturing strategy was highlighted through a regional outreach programme focused on reforms, export capability and competitiveness. The discussion emphasised the sector's movement from volume-led exports to value-led exports, supported by digital export facilitation measures, compliance and market access initiatives, trade agreements and collaboration with industry. Future priorities included biopharmaceutical manufacturing, research and development, global capability centres and greater self-reliance in key inputs and high-value pharmaceutical products.
    June 9, 2026
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    Export growth and trade agreements drive record Indian shipments, with duty-free access and wider market opportunities.
    India's exports were reported to have reached record levels, with total exports rising to USD 863 billion in FY 2025-26. The export base was said to have diversified through growth in merchandise, services and non-petroleum exports. Landmark trade agreements were described as providing duty-free or tariff-concession access across major markets, while Punjab and Haryana were highlighted for export opportunities in textiles, engineering, agriculture, food processing, pharmaceuticals and chemicals.
    June 9, 2026
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    Banking and insurance benefits extended to contractual and daily-rated workers through a structured government agreement.
    A memorandum of understanding was signed to extend a structured package of banking, insurance and credit-related benefits to daily-rated workers, contractual employees and other casual workers of the government of Jammu and Kashmir. Eligible beneficiaries will receive zero-balance accounts, free debit cards, digital banking facilities, concessional remittance services, specially designed credit products, and group personal accidental insurance with disability-related cover.
    June 9, 2026
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    Free trade agreements and trade digitisation drive India's export growth, with Karnataka leading in IT services exports.
    India's export sector has shown broad-based growth, with services exports rising strongly and helping offset the trade deficit. Karnataka has emerged as a leading state in IT services exports and has also performed well in textiles and petroleum products. The expansion of Free Trade Agreements, duty reductions in several sectors, and trade digitisation measures have been highlighted as key factors supporting export growth and the wider goal of Viksit Bharat 2047.
    June 9, 2026
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    Investigative timelines and independent audits were among key suggestions to improve Enforcement Directorate functioning and public trust.
    Public feedback on improving the functioning of the Enforcement Directorate highlighted the need for strict timelines for investigations, independent audits, oversight mechanisms, and stronger accountability systems to improve transparency and public trust. Suggestions also included secure whistleblower protections, AI and Big Data analytics, a digital case and complaint-tracking portal, stronger inter-agency coordination, fast-track courts for economic offences, specialised recruitment, and regular training and technology upgradation.
    June 9, 2026
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    Rupee appreciation against the US dollar reflects softer crude prices, weaker dollar strength and easing geopolitical tensions.
    The rupee appreciated against the US dollar on account of softer Brent crude prices, a weaker dollar index, easing West Asia tensions, positive domestic market sentiment and reported support from possible Reserve Bank intervention. Market participants said the currency remained sensitive to geopolitical developments, US economic data, crude price movements and foreign inflows, with near-term trading expected within a defined range.
    June 9, 2026
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    Foreign investment and capital market reforms drive continued push for disinvestment, asset monetisation and GST process changes.
    Government plans to continue reforms aimed at boosting foreign investment, accelerating disinvestment and asset monetisation, and deepening capital markets as part of its effort to preserve growth momentum amid external risks. Financial-sector measures are being pursued to attract long-term foreign capital and strengthen market accessibility, including steps to improve foreign portfolio investor participation in Government securities through tax exemptions, expansion of securities under the Fully Accessible Route, and streamlined investment norms. The next GST Council meeting is expected to consider process reforms, while inclusion of petrol and diesel under GST would depend on proposals being brought forward by states.
    June 9, 2026
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    Tea export slowdown amid West Asia tensions prompts market diversification, quality checks, and support measures for domestic industry.
    India's tea exports slowed in recent months because of West Asia tensions and disruption in key overseas markets, though overall earnings stayed resilient due to higher value addition, packaging, processing, and firmer auction prices. The Tea Board is promoting diversification into newer destinations such as China and African countries, while also proposing support for Darjeeling replanting and tightening import quality checks through 100 per cent inspection of tea entering India.
    June 9, 2026
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    Integrated 3-in-1 account combines banking, demat and trading services through a paperless single platform.
    Banking, demat and trading services are being combined through an integrated 3-in-1 account launched in partnership with a financial services company. Customers can open and operate the linked accounts through a paperless process using branch and digital channels on a single platform. The platform also provides access to equities, IPOs, derivatives, ETFs and indices, together with chart-based execution, algorithmic strategies and margin leverage.
    June 9, 2026
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    Home loan interest rates hinge on repo rate, credit score, and tenure, making EMI planning essential before borrowing.
    Home loan interest rates in 2026 are influenced by monetary policy, inflation, liquidity, and the borrower's financial profile, including CIBIL Score, income stability, loan amount, and property profile. External benchmark-linked floating-rate loans transmit RBI policy changes more directly, while EMI calculators help borrowers compare rate, tenure, and repayment cost before applying. The article also highlights part-prepayments, balance transfer options, and basic eligibility and document requirements for a home loan.
    June 9, 2026
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    Mandatory Ship To GSTIN capture and e-way bill closure functionality get extended implementation timeline for system readiness.
    The implementation timeline for two E-Way Bill system functionalities has been extended to allow taxpayers and other ecosystem participants additional time for system readiness. The mandatory capture of Ship To GSTIN in Bill-To/Ship-To transactions and the Voluntary Closure of E-Way Bill functionality will now be implemented from 1 August 2026. Stakeholders are advised to complete the necessary system changes, testing and operational preparedness before the revised implementation date.
    June 9, 2026
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    Administrative restructuring and GST alignment reshape state governance, education approvals, and industrial borrowing powers.
    Administrative restructuring increased the number of state departments from 33 to 43, with 13 ministerial departments to be reorganised and sub-divisions converted into independent departments. No new posts will be created; functions and responsibilities will be redistributed to improve efficiency and speed up decision-making. Amendments were also approved to streamline approvals under the Maharashtra Public Universities Act, align the state GST law with the Central GST Act, and enhance MIDC's borrowing powers for industrial development activities.
    June 9, 2026
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    Textile export growth gains momentum through policy support, trade reforms and stronger global competitiveness in apparel markets.
    India's export growth in textiles and apparel has been supported by government policy measures, improved digital infrastructure, stronger logistics and trade reforms. The sectoral framework includes the 5F vision, the Production Linked Incentive scheme, PM MITRA parks, Mega Textile Parks, the National Technical Textiles Mission, export promotion measures, Free Trade Agreements and the Export Promotion Mission, described as strengthening the textile value chain and improving global competitiveness.
    June 9, 2026
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    Banking stocks drive market recovery as global cues improve and RBI liquidity measures lift sentiment.
    Indian equity markets recovered after two sessions of losses, led by strong buying in banking and financial stocks. The advance was supported by firmer global markets, easing geopolitical tensions, softer crude prices, and improved risk appetite, while foreign fund outflows limited gains. PSU banks and related financial stocks outperformed on expectations that recent RBI liquidity initiatives would improve banking system liquidity and reduce funding costs.
    June 9, 2026
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    Gold loan calculator uses RBI-aligned valuation and loan-to-value limits to estimate borrowing before pledge.
    Gold loan borrowing is presented as a process simplified by a loan calculator that estimates eligible credit before gold is pledged. The amount is calculated from the weight and purity of the gold and an RBI-aligned valuation method based on the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. The article also states that the eligible amount is determined by applying the RBI-prescribed loan-to-value ratio of up to 85%.

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      Customs & Trade

      Haleon Announces ~₹2000 Crore Total Investment to Set Up its First Manufacturing Facility in India

      June 11, 2026

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      • Greenfield facility in Madhya Pradesh to support 'Make in India' vision and strengthen Haleon's commitment to delivering better everyday health • Strategic oral health-focused site designed to meet growing consumer demand and support long-term growth ambitions as well as enable supply across India and key export markets in wider Asia • Supports Haleon's ambition to reach one billion more consumers by 2030, which includes 300 million in India NEW DELHI, June 11, 2026 /PRNewswire/ -- Haleon, a consumer company that is solely focused on better everyday health, today announced plans to establish its first manufacturing facility in India; a state-of-the-art greenfield site at Pithampur, Madhya Pradesh. Spread across more than 40 acres in the Smart Industrial Park, the facility marks a significant investment in India's consumer health sector and reinforces Haleon's long-term commitment to the country as a strategic growth market.

      The announcement was made in the presence of Dr Mohan Yadav, Chief Minister of Madhya Pradesh; Brian McNamara, Chief Executive Officer, Haleon; Kedar Lele, CEO India and President India Subcontinent, Haleon and Namrata Patel, Chief Supply Chain Officer, Haleon.

      The new manufacturing site will serve as a key enabler for Haleon's growth in India, strengthening supply chain resilience, driving domestic value addition, and supporting export to wider Asia.

      Aligned with the Government's 'Make in India' vision, the investment is expected to generate broad-based economic value over the next decade, enhancing export competitiveness, contributing to state revenues, and integrating India further into global supply chains. The facility is projected to create up to 500 jobs, along with indirect employment opportunities, with a strong focus on leveraging skill development, local talent, and supplier ecosystems. Haleon also aims to build a diverse and inclusive workforce, including an ambition of up to 30% women employees at the site.

      Speaking on the occasion, Shri Mohan Yadav, Chief Minister of Madhya Pradesh, said, "Madhya Pradesh continues to emerge as a preferred destination for global investment, driven by its robust infrastructure, skilled workforce, and industry-friendly policies. Haleon's decision to establish its first manufacturing facility in India at Pithampur reflects the growing confidence of leading global companies in the state's growth potential and business ecosystem. This ₹2,000 crore investment will further strengthen Madhya Pradesh's position as a key manufacturing and export hub, while contributing to economic development and industrial advancement. The Government of Madhya Pradesh remains committed to supporting Haleon throughout its growth journey in the state and fostering an enabling environment for sustainable industrial progress." Announcing the investment, Brian McNamara, CEO, Haleon, said, "India is a key strategic market for Haleon and an important driver of our long-term growth. This investment strengthens our local manufacturing footprint and expands our reach in one of the world's fastest-growing consumer health markets. By increasing access to our trusted brands and building our capabilities on the ground, we are well positioned to capture the significant opportunities ahead. We aim to expand access to better everyday health for more than 300 million additional consumers in India. This will be key to achieving our broader ambition to reach one billion more consumers globally by 2030." Kedar Lele, CEO India and President, Haleon ISC, added, "India is central to Haleon's growth ambitions, both in South Asia and globally. Our investment in this new site will bring us closer to consumers, strengthen access to our brands, and support sustainable long-term growth. We are grateful for the strong partnership and support from the Government of Madhya Pradesh and Madhya Pradesh Industrial Development Corporation (MPIDC) in enabling this investment. As demand for trusted everyday health solutions continues to grow, this facility will enhance our ability to serve consumers across India and global markets, particularly in Oral Health, while reinforcing our commitment to making everyday health more accessible to millions." The facility is designed on Haleon's new global advance blueprint and is set to feature future-ready automated manufacturing capabilities. It is expected to be operational by 2029–30, enabling Haleon to meet growing demand across domestic and international markets.

      Rooted in Haleon's purpose to deliver better everyday health with humanity, this investment reinforces the company's commitment to making quality oral health solutions more accessible. Within this, Sensodyne has played a key role in India's oral health journey for over a decade, helping millions understand and take better care of their oral health needs.

      About Haleon India Subcontinent (ISC) Haleon is a consumer company solely focused on better everyday health. Our people, our brands, our research, our investment, and our innovation are aimed at improving the everyday health of consumers. In India, our portfolio spans key categories including Oral Health, Digestive Health, Pain Relief and Respiratory (PRS), and Vitamins, Minerals and Supplements (VMS) with superior brands such as Sensodyne, Eno, Otrivin, Centrum, Iodex, Crocin, Parodontax and Ostocalcium. *Total investment: approximately £175 million (based on an exchange rate of £1 = INR 115) (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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