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June 19, 2026
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Strait of Hormuz reopening eases global energy security risks and restores free passage for commercial vessels.
The reopening of the Strait of Hormuz restores a critical global energy chokepoint after months of disruption that had restricted shipping, pushed up crude prices and raised concerns over energy security. The memorandum of understanding contemplates free passage of commercial vessels through the Strait for a limited period, with full normalisation expected after mines and other technical obstacles are cleared. It also contemplates talks with Oman and other regional actors on longer-term administration.
June 19, 2026
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Money laundering investigation leads to bank locker examination over alleged corporate transactions and proceeds of crime
Enforcement Directorate action in a money laundering investigation extended to examination of a bank locker belonging to Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, in her presence at an HDFC Bank branch. The inquiry relates to alleged transactions involving her now-defunct IT firm, Exalogic, and its purported links with Cochin Minerals and Rutile Ltd, including payments said to have been made without corresponding services and loans allegedly extended through another company connected with CMRL management.
June 19, 2026
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India-UK trade agreement enters into force as leaders link commerce, mobility and broader bilateral cooperation.
The India-UK Comprehensive Economic and Trade Agreement is scheduled to enter into force on July 15, marking a significant development in bilateral economic relations. The agreement is described as extending beyond trade and technology to include mobility and wider people-to-people engagement, with an expected boost to annual bilateral trade and business expansion plans on both sides.
June 19, 2026
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Initial public offer structure for Jio Platforms set as a fresh issue with price discovery through book building.
A proposed initial public offer of Jio Platforms is to be made by way of a fresh issue of up to 27 crore equity shares of face value of Rs 10 each. The Draft Red Herring Prospectus has been approved and is to be filed with the Securities and Exchange Board of India, BSE and the National Stock Exchange. The issue price will be determined through the book building process in accordance with SEBI regulations, subject to the required regulatory approvals.
June 19, 2026
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Autonomous financial decision-making gains traction as auditable AI agents handle routine regulated workflows with compliance and control.
AI deployment in financial services is described as shifting from advisory support to autonomous decision-making through a platform that applies an institution's own guidelines, reaches end-to-end decisions, and escalates only matters requiring human judgment. The system is presented as producing decisions with full reasoning, policy cross-reference, and auditability, while remaining consistent, explainable, compliant, and defensible under audit in banking, insurance, and capital markets workflows.
June 19, 2026
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Tax relief and amnesty measures reshape Kerala's budget through arrear settlements, vehicle tax revisions and stamp duty concessions.
Kerala's revised Budget introduced tax relief measures, amnesty schemes and vehicle tax revisions, including settlement of Flood Cess arrears, waiver of specified small pre-GST arrears, revised sales tax rates for low-strength alcoholic beverages, reduced tax for AITP buses, changes in electric vehicle road tax slabs, an e-challan amnesty scheme, and a one-time settlement for undervaluation and deficit stamp duty cases.
June 19, 2026
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Construction and building materials expo drives exports, supply chains, and Make in India engagement across global markets.
Bharat Buildcon 2026 opened as a large industry exhibition for the building materials and construction sector, drawing more than 25,000 visitors on the first day along with participants from over 90 countries and more than 100 Indian cities. The exhibition was presented as a platform for strengthening supply chains, encouraging technology adoption, generating business opportunities, and promoting exports and foreign investment in the construction and building materials sector.
June 19, 2026
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Government e-marketplace access expands through last-mile seller facilitation, onboarding support, and catalogue listing through new partnership.
Government e-marketplace access is being expanded through a strategic partnership between GeM and CSC-SPV aimed at strengthening last-mile facilitation for sellers, especially in rural and underserved regions. The collaboration extends support through the full onboarding chain up to catalogue listing, with assistance for Vendor Assessment, Brand Approval, and creation and publication of product and service catalogues. A pilot rollout of 50 GeM Suvidha Kendras will provide guidance, training, onboarding support, capacity building, and grievance redressal for a range of enterprises.
June 19, 2026
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Rupee appreciation gains support from India-US trade optimism, foreign inflows and softer crude prices.
The rupee appreciated in early trade against the US dollar, supported by optimism over India-US trade negotiations, firm foreign inflows and softer crude oil prices. Market sentiment remained positive as traders tracked developments suggesting momentum in talks on a proposed trade pact and an improvement in external flows. The foreign exchange market also reflected expectations that the Reserve Bank of India may use incoming dollar inflows to rebuild foreign exchange reserves and gradually reduce its forward dollar book.
June 18, 2026
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Direct tax collections rise on stronger advance tax mop-up and higher corporate tax receipts across key segments.
Net direct tax collection increased by 14.64 per cent to over Rs 5.21 lakh crore up to June 17 of the fiscal year, driven primarily by higher advance tax mop-up from corporates. Net corporate tax collection rose 22 per cent, while net non-corporate tax collection increased 8 per cent. Securities Transaction Tax collection also recorded strong growth, and advance tax collection rose 15.30 per cent, with corporate and non-corporate advance tax both showing gains.
June 18, 2026
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Aquaculture feed price stabilisation drives a committee plan, with manufacturers agreeing to reduce prices and review sector concerns.
Aquaculture feed pricing was addressed as a sectoral price-stabilisation issue, with manufacturers agreeing to reduce prices by Rs 4 per kg after a directive from the Chief Minister. A committee of aqua farmers, feed manufacturers and officials was proposed to develop a long-term mechanism for price stabilisation and to examine processing-related issues and pollution control measures, with recommendations due within 20 days. The discussion also covered subsidy awareness, insurance coverage, nursery ponds, water supply and strict quality control in aquaculture production.
June 18, 2026
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Interim free trade agreement negotiations advance as leaders urge swift conclusion of the India-US trade pact.
Trade negotiations between India and the United States were described as being in the final stages of an interim free trade agreement, with both leaders directing their negotiators to conclude the pact at the earliest. The discussions were said to have addressed uncertainty in bilateral trade and to have produced significant progress, with further talks expected to continue through an upcoming visit by the US Trade Representative.
June 18, 2026
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Direct tax collection growth drives higher net income tax mop-up, with corporate and non-corporate taxes both rising.
Direct tax collection recorded year-on-year growth during the early part of the fiscal year, with net income tax collection rising to over Rs 5.21 lakh crore by June 17. Net corporate tax collection increased sharply, while net non-corporate tax collection also posted growth; the non-corporate category covers taxes paid by individuals, HUFs and firms. Refunds were issued during the period and showed a marginal increase compared with the corresponding earlier period.
June 18, 2026
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Phased customs duty cuts on UK passenger car imports set quota limits, price bands and EV concession rules.
India-UK Comprehensive Economic and Trade Partnership provides for phased, quota-based reduction of customs duty on passenger car imports from the UK into India over the first 15 years of implementation. Conventional-engine passenger cars are subject to specified annual quotas across engine-size categories, with duty reductions tapering to a final 10 per cent, while electric, hybrid and hydrogen passenger cars receive concessions only from the sixth year, subject to price bands and quotas. Zero-emission two-wheelers, buses and trucks are excluded from any customs duty concession commitment.
June 18, 2026
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Bail petitions in alleged attack on ED officials dismissed amid continuing investigation and attempted murder charges.
Bail petitions filed by three accused in connection with the alleged attack on Enforcement Directorate officials were dismissed in proceedings arising from the CMRL money laundering probe. The accused argued that the allegations were baseless and that investigation against them had been completed, but the prosecution said investigation was still continuing. The matter relates to an alleged attack on ED and CRPF personnel after searches at the residence of the former Chief Minister, with police invoking multiple offences, including attempted murder.
June 18, 2026
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Swiss bank deposits by Indian clients fell overall, while individual customer accounts and tax information exchange continued to expand.
Swiss National Bank data showed that Indian money in Swiss banks fell in 2025 to CHF 3.25 billion, with the decline driven mainly by funds held through local branches and other financial institutions. Customer deposits rose to CHF 524 million, while amounts due to banks remained the largest component at CHF 2.6 billion. Separate locational banking statistics showed an increase in deposits by Indian individuals to USD 89.73 million. The article also notes the automatic exchange of information in tax matters between Switzerland and India since 2018.
June 18, 2026
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Free Trade Agreements support Indian industry as Bharat Buildcon 2026 showcases construction sector collaboration and global market access.
Bharat Buildcon 2026 was inaugurated as an industry exhibition for the building materials and construction sector under the theme "One Nation, One Expo". The event brought together participants from more than 90 countries and over 100 Indian cities for industry interaction and business engagement. The Minister highlighted the role of Free Trade Agreements in expanding opportunities for Indian industry, including expected market access and stronger trade relations under the India-UK Comprehensive Economic and Trade Agreement.
June 18, 2026
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Money laundering probe over alleged sham payments and loans, with proceedings under the Prevention of Money Laundering Act.
The Enforcement Directorate's money-laundering investigation concerns alleged transactions between Cochin Minerals and Rutile Ltd., Exalogic, and associated entities, including payments said to have been made without corresponding services and loans allegedly extended despite non-repayment. The agency alleges that these transactions generated proceeds of crime and has registered a case under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 18, 2026
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Social security exemption for temporary India-UK assignees will cut duplicate contributions and support skilled worker mobility.
The India-UK Double Contribution Convention will exempt employees temporarily transferred between the two countries from host-country social security contributions for up to five years, subject to a certificate of coverage. The arrangement is reciprocal for eligible UK nationals working in India and is intended to preserve home-country social security coverage during temporary overseas assignments while reducing duplicate contribution burdens on workers and employers.
June 18, 2026
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Public offer classification of OFCD issuances and employee liability remain under challenge before the Supreme Court.
Securities law issues concerning the issuance of optionally fully convertible debentures (OFCDs) by Sahara India Commercial Corporation Ltd. are under challenge, with SEBI contesting a part of the Securities Appellate Tribunal's relief granted to four managers and the company secretary. The tribunal had treated the OFCD issuances as a public offer within SEBI's regulatory jurisdiction, while also distinguishing the position of employees from that of the directors who had authorised the prospectus and remained responsible as principals for acts done through their agent. SEBI has now challenged this limited relief before the Supreme Court.

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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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