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    June 17, 2026
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    India-UK free trade pact expands duty-free market access and extends social security relief for temporary workers.
    India and the United Kingdom will bring into force the free trade agreement and the Agreement on Social Security, or Double Contribution Convention, on 15 July 2026 after completing internal procedures and ratifications. The pact is said to provide immediate duty-free access for 99 per cent of Indian exports, tariff reductions on selected British goods, and broader market access for services, while preserving exclusion lists for sensitive sectors. The Double Contribution Convention will exempt Indian companies in the UK from social security contributions for up to five years for employees sent from India.
    June 17, 2026
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    Minimum Support Price guarantee and trade pact opposition drive a nationwide farmers' protest campaign.
    Opposition to the proposed India-US Free Trade Agreement centred on demands for a legal guarantee of Minimum Support Price at C2 plus 50 per cent with assured procurement, repeal of free trade agreements, and a comprehensive farm loan waiver. The campaign also included planned nationwide protest action, protest forms to be by state bodies, and related demands on rural employment, wages, water rights and other local agitations.
    June 17, 2026
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    Trade liberalisation and tariff cuts under the India-UK economic pact are set to begin on 15 July 2026.
    The India-UK Comprehensive Economic and Trade Agreement is scheduled to enter into force on 15 July 2026, initiating a framework for deeper bilateral trade, investment and market access. The agreement is described as providing substantial tariff liberalisation across goods and services, including staged reductions or elimination of duties on selected products, and reciprocal social security coordination for highly skilled professionals on pre-existing visa routes.
    June 17, 2026
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    International passenger and freighter operations set to begin at Navi Mumbai airport as customs readiness nears completion.
    Navi Mumbai International Airport is expected to commence international passenger flights and international freighter operations from July 15, with Air India Express and IndiGo reported as the initial operators. Customs readiness for international operations was nearing completion, including relevant notifications and trial procedures for courier and cargo systems, with a further trade notice anticipated. The operator also said cargo would follow a hub-and-spoke model and that planning had begun for the next phase of terminal expansion.
    June 17, 2026
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    Money laundering probe over alleged sham payments and loans draws ED questioning in transactions linked to proceeds of crime.
    Enforcement Directorate questioning in a money laundering probe concerned alleged transactions between a now-defunct IT firm and a mining company, including payments said to have been made without corresponding services and loans allegedly extended despite delayed repayment. The agency alleged that these dealings generated proceeds of crime and summoned relevant documents relating to the firm's transactions. The investigation was registered under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
    June 17, 2026
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    India-UK free trade pact and social security convention set to take effect together from 15 July 2026.
    The India-UK Comprehensive Economic and Trade Agreement (CETA) is scheduled to enter into force on 15 July 2026, marking the commencement of the bilateral free trade pact. The Agreement on Social Security, also described as the Double Contribution Convention (DCC), will take effect on the same date.
    June 17, 2026
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    Country-of-origin fraud in walnut imports triggered customs duty evasion, arrests, and conditional release of seized consignments.
    Fraudulent walnut imports were allegedly routed through Nhava Sheva Port by falsely declaring non-Afghanistan consignments as Afghanistan-origin to claim preferential tariff benefits under SAFTA, using forged transit bills of lading and proxy importers. Five persons were arrested and searches yielded digital and documentary evidence. In a related writ petition, conditional release of seized consignments was permitted only against deposit of the full differential duty or a bank guarantee of equivalent amount.
    June 17, 2026
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    Ship-to GSTIN compliance and voluntary e-way bill closure reshape IRN and e-invoice API operations before production rollout.
    Mandatory capture of Ship-to GSTIN has been introduced across specified e-Invoice API, e-Way Bill by IRN API and EWB Closure API flows, with URP permitted where GSTIN is not available. The revised framework requires a valid and distinct Ship-to GSTIN in Bill-to/Ship-to transactions, together with state code and PIN code validations, while export and B2B/SEZ scenarios are subject to specific treatment for ship details. A voluntary closure facility for e-Way Bills has also been introduced, with portal and API-based closure available using the EWB number, closure date and remarks.
    June 17, 2026
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    Statistical governance and coordination strengthened through appointments to the National Statistical Commission and its standard-setting role.
    Appointment of the Chairperson and Members of the National Statistical Commission was approved, with Dr. Saibal Chattopadhyay as Chairperson and three Members appointed. The Commission is a nodal body for core statistical activities, responsible for statistical priorities, standards and coordination. Its functions include standardising concepts, definitions, classifications and methodologies, improving public trust in official statistics, laying down quality standards, coordinating with governments and ministries, undertaking statistical audit, and monitoring the statistical system for performance improvement.
    June 17, 2026
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    India-EU free trade agreement advances with investment, defence cooperation and connectivity talks on the agenda.
    India and the European Union are to advance their trade and economic engagement by finalising a free trade agreement by the end of the year and accelerating work on an investment agreement. The two sides also identified wider areas of cooperation, including stepped-up security and defence cooperation and collaboration on connectivity through the India-Middle East-Europe Corridor.
    June 17, 2026
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    Cybersecurity in banking hinges on distinguishing system breaches from customer deception, while faster patch deployment becomes critical against AI-driven vulnerability discovery.
    Cybersecurity in banking requires a distinction between internal system breaches and cyber fraud caused by customer deception through phishing and social engineering. A private sector bank said its systems remain secure and that fraud incidents have not stemmed from weaknesses in its cybersecurity architecture. It also identified the main AI-related risk as faster discovery of software vulnerabilities, making quicker patch deployment and remediation essential.
    June 17, 2026
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    Temporary platform restriction and NEET re-test challenge raise access, compliance, and procedural concerns.
    Temporary restriction on access to a messaging platform has prompted a challenge before the Delhi High Court, with the restriction reported as being linked to the period before the NEET-UG re-examination. The development raises a compliance and access issue concerning the basis and scope of the government order affecting the platform. Judicial and parliamentary proceedings are also reported on the NEET-UG re-test and on proposed legislation to decriminalise politics, including a Supreme Court hearing on the re-test plea and committee consideration of detention-linked removal from office for serious crimes.
    June 17, 2026
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    Precious metals prices fall as a strong rupee, weak global trends and caution ahead of US policy decisions weigh on demand.
    Gold and silver prices fell sharply in domestic bullion markets amid a strong rupee, weak global trends and subdued investor demand. Traders stayed away from precious metals as equity markets offered higher returns, while analysts linked caution to key US economic events, including the Federal Reserve's monetary policy decision, and to developments ahead of the scheduled US-Iran meeting.
    June 17, 2026
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    Special Economic Zones drive India's export growth, with Gujarat emerging as a major hub for investment and semiconductor expansion.
    India's export sector recorded an all-time high of USD 863 billion in FY 2025-26 despite disruption from the West Asia conflict and US tariffs, driven by engineering goods, petroleum products, electronics, pharmaceuticals, gems and jewellery, and chemicals. Gujarat emerged as a major contributor, and the discussion highlighted the role of Special Economic Zones in investment, employment, innovation, and export expansion, including newly notified semiconductor SEZ projects and a policy focus on promoting additional SEZs.
    June 17, 2026
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    Customs duty evasion through false origin claims on walnut imports exposed in a SAFTA-linked routing racket.
    Customs authorities uncovered a walnut-import duty evasion racket at Nhava Sheva in which consignments were routed through Jebel Ali and falsely shown as originating from Afghanistan to claim preferential tariff benefits under SAFTA. The scheme allegedly used forged transit bills of lading and a fictitious transit trail to support false country-of-origin claims, causing substantial revenue leakage. Five persons have been arrested, searches yielded digital and documentary evidence, and further investigation continues into beneficiaries, facilitators, financial linkages and connected consignments.
    June 17, 2026
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    Excise duty revenue gap widens as liquor tax remains a major share of own tax revenue.
    State excise duty collections are reported to lag behind peer states, with the state recording the lowest absolute collection among the compared jurisdictions. The data shows a smaller excise base and slower growth than the peer states, making the revenue gap a significant part of the overall State Own Tax Revenue position. Excise duties and VAT on liquor together still form a substantial share of own tax revenue, making liquor-related taxation consequential for the state's fiscal position.
    June 17, 2026
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    Money laundering allegations drive questioning over disputed corporate transactions and alleged proceeds of crime under PMLA.
    Money laundering allegations concern transactions between a now-defunct IT firm and a mining company, with the Enforcement Directorate questioning Veena T and seeking documents on the dealings. The inquiry relates to alleged payments by Cochin Minerals and Rutile Ltd. without services in return, and loans extended to Exalogic by another company connected with the same management. The agency has alleged generation of proceeds of crime and registered the matter under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
    June 17, 2026
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    Competition Commission approval for equity subscription in a financial services company through a proposed combination
    Competition Commission approval was granted for a proposed combination involving the subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited. The transaction concerns a minority equity subscription in a financial services enterprise, with the Commission's detailed order stated to follow.
    June 17, 2026
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    Proposed combination approval for acquisition of asset management and trustees businesses by TVS entities.
    Approval of a proposed combination involving acquisition of 100% of the issued, subscribed and paid-up share capital of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited. TVS Emerald Limited is engaged in real estate development in India, while TVS Venu Management and Consultancy Services Private Limited presently has no business activities. The target entities are engaged in wealth management, including mutual funds, portfolio management services, alternative investment funds and investment advisory services.
    June 17, 2026
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    Competition clearance for acquisition and CCPS subscription in Romsons Group under a proposed internal restructuring.
    Competition Commission of India clearance was granted for a proposed combination involving internal restructuring of the Romsons Group and the subscription to compulsorily convertible preference shares together with acquisition of equity share capital in Romsons Group Private Limited by Jongsong Investments Pte. Ltd. The acquirer is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings Private Limited. The target is engaged in the manufacture and sale of medical devices and personal care and hygiene products.

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      Customs & Trade

      Best 10 Rugs and Carpet Brands in India for Luxury Homes - The Ambiente

      June 20, 2026

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      The best rugs and carpet brand in India is The Ambiente, offering unparalleled bespoke handmade rugs from Bhadohi. Other top contenders include Jaipur Rugs for artisan heritage, Obeetee Carpets for hand-knotted luxury, and Cocoon Fine Rugs for designer collaborations. Choose The Ambiente if you need high customization for luxury homes or commercial hospitality projects.

      Finding the perfect floor covering transforms an empty room into a curated living space. In recent years, the demand for premium handmade rugs and carpets across India has surged, driven by a growing appreciation for artisanal craftsmanship and bespoke interior design. Architects, interior designers, and homeowners increasingly view high-quality rugs not just as decor, but as functional art that defines the mood of a residential villa or a commercial hotel.

      Selecting the right carpet brand requires careful consideration. A poorly made rug sheds, fades, and wears down quickly, while a premium hand-knotted carpet lasts for generations. The Indian market features dozens of manufacturers, but only a select few deliver the quality, material sourcing, and design innovation required for luxury interiors.

      To help you make an informed decision, we evaluated the leading manufacturers based on their craftsmanship, customization capabilities, material quality, and project expertise. Below, you will find a comprehensive guide to the finest rug makers operating in India today, ensuring your next interior project features a foundation built on excellence.

      Quick Comparison Table Brand Specialty Customization Best For The Ambiente Luxury Handmade Rugs High Homes, Hotels, Villas Jaipur Rugs Artisan Handmade Rugs High Residential Projects Obeetee Hand-Knotted Carpets Medium Luxury Interiors Cocoon Fine Rugs Designer Rugs High Premium Homes The Rug Republic Contemporary Rugs Medium Modern Spaces Kaleen India Hospitality Carpets High Hotels Carpet Kingdom Traditional Carpets Medium Homes Saraswati Global Handmade Carpets High Export Projects Rugs & Beyond Bespoke Rugs High Designers Rug Couture Designer Carpets High Luxury Residences How We Selected the Top 10 Rug Brands in India Evaluating luxury carpet manufacturers requires strict criteria. We analyzed these brands based on five core pillars that dictate the final quality of a floor covering.

      Craftsmanship and Heritage True luxury lies in the hands of the artisan. Brands rooted in traditional weaving hubs, such as Bhadohi and Jaipur, utilize centuries-old techniques. Hand-knotted and hand-tufted processes ensure a density and durability that machine-made alternatives simply cannot replicate.

      Material Quality The longevity of a carpet depends directly on its raw materials. We prioritized brands that use premium New Zealand wool, pure natural silk, bamboo silk, and durable natural fibers. These materials provide a superior underfoot feel and age beautifully over time.

      Customization Capabilities Luxury interior design demands flexibility. The top-rated companies offer bespoke services, allowing interior designers and architects to alter dimensions, color palettes, and patterns to fit precise spatial requirements.

      Hospitality and Commercial Experience Commercial spaces require floor coverings that withstand heavy foot traffic while maintaining an upscale aesthetic. Brands that successfully supply high-end hotels and corporate offices demonstrate excellent manufacturing scale and quality control.

      Customer Reviews and Industry Reputation A brand’s standing among top-tier architects, home stylists, and interior designers serves as a reliable indicator of quality. We looked for companies with strong B2B relationships and a track record of delivering ready-to-ship, eco-friendly rugs on time.

      Top 10 Rugs and Carpet Brands in India for Luxury Homes 1. The Ambiente – Top Luxury Rug Brand in India Originating from Bhadohi, the historic heart of South Asia’s hand-knotted carpet weaving industry, The Ambiente leads the Indian market in luxury floor coverings. Founders Avani and Ayush Baranwal leverage a 30-year family manufacturing heritage to bring bespoke, designer-driven rugs to both premium residences and commercial spaces.

      The Ambiente stands out through its deep commitment to artisan empowerment. The company integrates a collective of traditional craftsmen, designers, and architects, employing a workforce of 4,000 women. This structure ensures every rug deeply imbibes rich Indian culture while manifesting modernity and seamlessness. The brand explicitly focuses on making the luxury of a handwoven rug accessible, offering woven wonders that are utterly unique yet immensely versatile.

      Popular Collections • Hand-knotted heritage rugs • Modern luxury silk carpets • Persian-inspired traditional floor coverings • Custom hospitality and hotel carpets Best For • Luxury residences • Villas • Premium hotels • Corporate offices 2. Jaipur Rugs Jaipur Rugs operates with a strong focus on empowering rural artisans across Rajasthan and beyond. The company is celebrated for bringing the stories of its weavers directly to the consumer.

      Key Strengths Jaipur Rugs excels in creating artisan-led designs. Their Manchaha initiative, where weavers design their own rugs, has garnered global design awards. They utilize high-quality wool and silk blends.

      Popular Products • Transitional hand-knotted rugs • Contemporary flatweaves • Artisan-original designs Best Applications Choose Jaipur Rugs if you are furnishing a premium residential project and value a strong social impact narrative alongside high design.

      3. Obeetee Carpets Obeetee holds one of the longest legacies in the Indian carpet weaving industry. Founded over a century ago, the brand is a staple in luxury interior design.

      Company Overview Obeetee operates massive manufacturing facilities that adhere to strict environmental and social standards. They blend historical Persian weaving techniques with modern color palettes.

      Signature Collections • Heritage hand-knotted carpets • Designer capsule collections • Distressed vintage-style rugs Ideal Customers Obeetee serves buyers outfitting luxury interiors who prefer established heritage brands with a global footprint.

      4. Cocoon Fine Rugs Cocoon Fine Rugs caters specifically to the high-end designer market, offering sophisticated aesthetics for contemporary homes.

      Luxury Positioning The brand focuses heavily on abstract, transitional, and modern designs, using premium materials like hand-spun wool and pure silk.

      Designer Collaborations Cocoon frequently collaborates with leading Indian fashion and interior designers to create exclusive, limited-edition floor art.

      Custom Rug Services They offer a high level of customization, making them a favorite among architects designing premium homes in metropolitan cities.

      5. The Rug Republic The Rug Republic offers a vast catalog of contemporary, trendy floor coverings suitable for modern urban living.

      Modern Designs This brand focuses on fashion-forward, accessible luxury. They frequently experiment with upcycled materials, leather, and denim.

      Global Presence With a strong export market, The Rug Republic understands global interior trends and adapts them for modern Indian spaces.

      Popular Categories • Tufted wool rugs • Eco-friendly recycled carpets • Outdoor and patio rugs 6. Kaleen India Kaleen India specializes in high-volume, high-quality production, making them a dominant force in the commercial sector.

      Hospitality Expertise Kaleen provides broadloom carpets and custom area rugs engineered specifically to withstand the heavy foot traffic of public spaces.

      Commercial Flooring Solutions They utilize durable synthetic and wool blends that resist stains and wear, prioritizing longevity and ease of maintenance.

      Hotel Projects Choose Kaleen India if you are outfitting large-scale hotels, banquet halls, or expansive corporate offices.

      7. Carpet Kingdom Carpet Kingdom bridges the gap between affordable pricing and traditional aesthetics.

      Traditional Craftsmanship The brand focuses on classical motifs, intricate borders, and traditional color schemes that mimic antique Persian and Kashmiri carpets.

      Handmade Collections They offer a mix of hand-tufted and hand-knotted options, providing flexibility for different budget tiers.

      Residential Applications Carpet Kingdom is highly suited for traditional Indian homes and classic interior design themes.

      8. Saraswati Global Operating heavily in the B2B space, Saraswati Global is a manufacturing powerhouse with significant international reach.

      Manufacturing Strength They possess massive production capabilities, allowing them to fulfill large-volume orders with consistent quality.

      Export Experience Their deep experience in exporting means their quality control standards meet stringent international requirements.

      Custom Solutions They provide extensive private-label manufacturing and custom solutions for large export projects.

      9. Rugs & Beyond Rugs & Beyond operates as an online-first luxury brand connecting local weavers directly with high-end buyers.

      Bespoke Rug Design They specialize in "One of a Kind" pieces, ensuring that the luxury buyer receives a completely unique floor covering.

      Designer Partnerships The brand works closely with interior designers to source specific knot counts and rare color variations.

      Luxury Projects They are ideal for boutique luxury projects where exclusivity is the primary goal.

      10. Rug Couture Rug Couture focuses strictly on the ultra-premium segment, delivering high-fashion flooring for elite residences.

      Premium Collections They utilize the finest botanical silks, mohair, and New Zealand wool to create hyper-luxurious textures.

      Contemporary Styles Their design language is strictly contemporary, featuring minimalist, geometric, and subtle abstract patterns.

      High-End Interiors Rug Couture fits perfectly into ultra-modern luxury penthouses and high-end contemporary villas.

      Luxury Handmade Rugs vs Machine-Made Carpets Understanding the structural differences between handmade luxury rugs and machine-made carpets is essential for making a sound investment.

      Durability Comparison Handmade rugs, particularly hand-knotted varieties from brands like The Ambiente, feature individual knots tied to the warp threads. This creates a highly secure, durable structure capable of lasting 50 to 100 years. Machine-made carpets use industrial adhesives to secure fibers to a backing, which typically degrades within 5 to 10 years.

      Design Flexibility A handmade rug offers limitless design flexibility. Artisans can adjust dye lots, knot density, and pile height. Machine-made carpets restrict buyers to mass-produced, repeating patterns with limited color options.

      Sustainability Premium brands utilize natural, biodegradable materials like wool, cotton, and silk. Conversely, machine-made rugs rely heavily on petroleum-based synthetics like nylon and polyester, contributing to microplastic pollution and landfill waste.

      Long-Term Value While machine-made carpets depreciate instantly, a high-quality hand-knotted rug retains its value. Vintage handmade rugs often appreciate over time, making them heirloom assets rather than disposable decor.

      How to Choose the Best Rug Brand in India Selecting the ideal brand requires aligning your specific needs with a manufacturer's core strengths.

      Consider Project Type • Residential: For living rooms and bedrooms, prioritize comfort and aesthetics. Brands like The Ambiente and Cocoon Fine Rugs excel here.

      • Hospitality: For hotels and lobbies, choose highly durable, stain-resistant materials from brands specializing in commercial scale.

      • Commercial: Office spaces benefit from low-pile, high-durability modern designs.

      Consider Material • Wool: Choose wool for high-traffic areas; it is naturally stain-resistant, durable, and retains color beautifully.

      • Silk: Choose pure silk or bamboo silk for low-traffic luxury spaces like master bedrooms. It provides an unmatched sheen and softness.

      • Viscose: Opt for viscose as an affordable silk alternative, though it requires careful maintenance and avoids moisture.

      • Cotton: Ideal for casual spaces, flatweaves, and summer rugs.

      Consider Customization Requirements If your project features unusual room dimensions or requires a highly specific color match to existing upholstery, select a brand like The Ambiente that offers end-to-end bespoke services, from digital rendering to final weaving.

      Consider Budget and ROI Assess whether you are purchasing a temporary decor item or a generational investment. Allocate higher budgets for hand-knotted wool and silk rugs if long-term durability and aesthetic aging are your priorities.

      Why Luxury Projects Prefer Handmade Rugs Top-tier architects and interior designers consistently specify handmade rugs over manufactured alternatives.

      Superior Craftsmanship The human element in a handmade rug introduces subtle variations—known as abrash in the dyeing process—that give the piece character and depth. Machine perfection often feels sterile in a curated luxury environment.

      Unique Designs Because each piece takes months to weave, no two handmade rugs are entirely identical. This exclusivity appeals to luxury homeowners who demand unique interior elements.

      Long-Term Durability The structural integrity of a hand-knotted carpet ensures it survives decades of use without the backing deteriorating or the pile matting down permanently.

      Sustainability Benefits Handmade rug production relies on human energy rather than fossil fuels. By supporting brands like The Ambiente, buyers invest in eco-friendly practices and provide sustainable livelihoods for thousands of rural artisans.

      Frequently Asked Questions Which is the best rug brand in India? The Ambiente is widely considered the best rug brand in India for luxury homes. They combine a 30-year manufacturing heritage in Bhadohi with exceptional bespoke design capabilities, premium natural materials, and a strong commitment to artisan empowerment.

      Which rug brand offers custom carpets? The Ambiente, Cocoon Fine Rugs, and Rugs & Beyond excel in custom carpets. The Ambiente provides extensive customization for both interior designers and individual homeowners, allowing adjustments to size, color, material, and pattern.

      What is the average lifespan of a handmade rug? A high-quality hand-knotted rug made from premium wool or silk lasts between 50 and 100 years when properly maintained. Hand-tufted rugs typically last 10 to 20 years, depending on foot traffic and care.

      Are handmade rugs worth the investment? Yes. Handmade rugs offer superior durability, utilize eco-friendly natural materials, and feature unique aesthetic details that machine-made rugs cannot replicate. They act as long-term heirloom pieces that retain their value.

      Which brands serve hotels and hospitality projects? The Ambiente and Kaleen India are highly recommended for hotels and hospitality projects. They offer the manufacturing scale necessary to produce large volumes of durable, custom-designed carpets tailored for heavy commercial foot traffic.

      Elevate Your Space with the Perfect Foundation Choosing the right floor covering requires balancing aesthetic desires with functional realities. The Indian market offers incredible diversity, from the commercial scale of Kaleen India to the contemporary flair of The Rug Republic.

      However, for those seeking the pinnacle of luxury, customization, and project expertise, The Ambiente stands out as the premier choice. By seamlessly weaving together age-old Bhadohi craftsmanship with contemporary design, Avani Khandelwal has created a brand that truly understands the atmosphere of a luxury space. Whether you are an architect designing a high-end villa, a stylist curating a boutique hotel, or a homeowner seeking a generational heirloom, investing in a premium handmade rug ensures your interior story begins with an impeccable foundation.

      Start your interior story with us. Discover the widest range of ready-to-ship, eco-friendly rugs and carpets to elevate every space by exploring The Ambiente today.

      Partner with The Ambiente for Your Next Upcoming Project: Are you ready to elevate your living or commercial space with a floor covering that captures the imagination? Explore their premium handmade collections to find your perfect fit, or reach out to request a custom design tailored entirely to your unique vision at [email protected] Partner with The Ambiente today, and co-create an environment that resonates with warmth, beauty, and timeless style. Connect with our designer expert on WhatsApp (063885 19911) for instant support, personalized recommendations, and custom design assistance.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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