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    China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
    Rupee rises 5 paise to 94.53 against US dollar in early trade
    Govt hikes windfall tax on diesel, ATF exports
    ED interrogates TMC MP Abhishek for over 11 hours in primary school jobs scam case
    Electricity tariffs in Chhattisgarh hiked by 6.23 per cent, Congress calls it 'loot'
    India's engineering exports jump 24 pc to USD 12.31bn in May: EEPC
    Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers
    Gujarat govt unveils new industrial policy, targets Rs 10 lakh crore investment over 5 years
    Rupee rises 60 paise to settle at 94.58 against US dollar
    Exports rise to 6-month high of 18 pc in May; trade deficit widens to USD 28.21 bn
    Rs 500-cr crypto fraud: ED carries out raids, arrests one for laundering investor funds
    India and Slovakia elevate ties to comprehensive partnership, sign 11 pacts
    Soybean meal exports fall 63 percent in May due to high prices, West Asia crisis
    India records USD 4.7 bn current account surplus in April: RBI data
    India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts
    The cumulative exports (merchandise & services) during April-May 2026-27 is estimated at US$ 162.69 Billion, as compared to US$ 141.89 Billion in Apri...
    IICA Hosts National Conference on “Redefining India’s Restructuring Ecosystem” to Mark a Decade of IBC and Celebrates Convocation of PGIP 6th Ba...
    BCBA to Host India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai
    Sasken Technologies-Backed Team Clinches First-Ever Gold for India at European Girls Olympiad in Informatics 2026
    India aims to reach 155 GW of installed wind energy capacity by 2035: Union minister
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    June 16, 2026
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    China's export surge threatens European industry as leaders weigh higher tariffs and broader action against overcapacity.
    China's export surge is shifting away from the United States tariff wall toward Europe and other open markets, raising concern that a new wave of import competition could disrupt advanced economies. European leaders are considering a stronger tariff response and broader coordination to address the trade threat, while the article links the pressure to China's dominance in world trade, its higher-value exports, and policies that encourage overproduction and suppress domestic consumption.
    June 16, 2026
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    Rupee strengthens as falling crude prices and easing Middle East tensions improve near-term currency sentiment.
    The rupee strengthened in early trade as sharp declines in crude oil prices and easing Middle East tensions improved sentiment for the domestic currency. Traders said reduced pressure on global energy supplies, supportive foreign inflows, gains in domestic equities and a narrowing merchandise trade deficit all backed the near-term outlook for the rupee.
    June 15, 2026
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    Windfall gains tax on petroleum exports is revised to curb export incentives and protect domestic fuel availability.
    Windfall gains tax on exports of petroleum products has been revised for the fortnight beginning 16 June 2026, with the special additional excise duty on diesel exports increased and the duty on aviation turbine fuel exports also raised. The levy on petrol exports remains unchanged, and the existing duty rates on petrol and diesel cleared for domestic consumption are unchanged. The stated purpose of the windfall tax is to support domestic availability of petroleum products by discouraging exports when international crude prices and geopolitical conditions create a price advantage for exporters.
    June 15, 2026
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    Money laundering probe over teacher recruitment irregularities focuses on fund trail, layered transactions, and intermediary entities.
    Enforcement Directorate questioned a Trinamool Congress MP for over 11 hours in a money laundering probe linked to alleged irregularities in primary teacher recruitment. The agency focused on the money trail, financial documents, digital records, bank records and communication data to identify who handled the funds, how they moved through accounts and entities, and whether the transactions were layered to conceal their origin. The examination also covered intermediaries, beneficiary entities and inconsistencies between earlier submissions and recovered materials.
    June 15, 2026
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    Electricity tariff revision retains consumer concessions while raising rates across categories and adjusting rebates and surcharge terms.
    Electricity tariffs in Chhattisgarh were revised upward by an average of 6.23 per cent across consumer categories from 1 July 2026, with the regulator stating that the revised tariff was approved to meet the estimated revenue requirement for the year. Several concessional and protective measures were continued for women's self-help groups, hospitals, tribal regions, agricultural pump connections, and other specified consumer classes, while the advance payment rebate and delayed payment surcharge were also revised.
    June 15, 2026
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    Engineering exports growth reflects resilience, trade facilitation and product diversification amid external market disruptions.
    India's engineering goods exports showed strong growth in May 2026 and during April-May 2026-27, despite trade disruptions linked to the West Asia conflict. The sector's resilience was attributed to adaptability, government support and trade facilitation measures, while continued momentum was said to require focus on market conditions and product diversification.
    June 15, 2026
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    Money-laundering probe over homebuyer fraud leads to provisional attachment of developer and promoter properties.
    Provisional attachment under the Prevention of Money Laundering Act was issued in a money-laundering investigation concerning alleged fraud against homebuyers by a real estate developer and its promoter. The attachment covered immovable properties of the company, the promoter, and family members, following multiple FIRs based on complaints by homebuyers. The investigation concerned funds collected from homebuyers for residential projects and alleged diversion of those funds to purposes other than development and completion of the promised projects.
    June 15, 2026
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    Industrial policy incentives drive manufacturing, innovation, start-up support and green growth under Gujarat's five-year development roadmap.
    Gujarat's new industrial policy sets a five-year roadmap to attract investment, strengthen advanced manufacturing and innovation, and support inclusive industrial growth through differentiated incentives. It provides a flexible incentive framework for MSMEs, large projects, thrust sectors, start-ups and R&D centres, while also encouraging industrial relocation, green production and infrastructure support for housing, skill centres and modern industrial parks.
    June 15, 2026
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    Rupee gains on lower crude prices and weaker dollar as improved global risk sentiment supports the currency.
    The rupee strengthened against the US dollar amid improved global risk sentiment following a reported US-Iran deal, a sharp fall in Brent crude prices, a weaker dollar and lower US Treasury yields. Market participants linked the currency move to reduced oil-import pressure, easing inflation concerns and a revival in domestic equity markets.
    June 15, 2026
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    Trade deficit widens as exports hit a six-month high, with petroleum imports, West Asia tensions and rupee depreciation shaping flows.
    India's merchandise exports rose to a six-month high in May, while the trade deficit widened as import growth outpaced export growth, largely due to higher petroleum and gold imports and elevated crude prices. Export gains were led by electronic goods, petroleum products, engineering items and pharmaceuticals, while several sectors recorded negative growth. The report notes that exports to West Asia remained close to the previous year's level despite regional disruptions, and that easing geopolitical tensions and any reopening of the Strait of Hormuz would be positive for trade, shipping, freight stability and supply chains.
    June 15, 2026
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    Money laundering probe targets cryptocurrency Ponzi scheme using layered transfers, token manipulation and concealed property purchases.
    Money laundering investigation under the Prevention of Money Laundering Act arose from an alleged cryptocurrency-based multi-level marketing scheme said to have induced public investment in Korvio Coin through assured returns, promotional events, token-value manipulation and a Ponzi-style repayment structure. The alleged operation used online platforms and foreign servers, with funds routed through bank accounts, fictitious firms and intermediaries, and a portion converted into cryptocurrency to obscure the trail.
    June 15, 2026
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    Comprehensive Partnership between India and Slovakia expands trade, mobility, defence and counterterrorism cooperation.
    India and Slovakia elevated their bilateral relationship to a Comprehensive Partnership and agreed to deepen cooperation in migration, digital technology, defence, higher education, quantum communication, energy, and labour mobility. They also supported the early implementation of the India-European Union free trade agreement, welcomed a memorandum on labour migration, and agreed to work towards an early Social Security Agreement. The two sides further reaffirmed support for multilateral reform and strengthened counterterrorism cooperation.
    June 15, 2026
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    Soybean meal exports weakened as high prices and the West Asia crisis disrupted shipments to key markets.
    Soybean meal exports declined sharply in May because Indian prices remained higher than those in major exporting countries and the West Asia crisis disrupted shipments. The reduction was attributed to weakened export competitiveness and the halt in supplies to Iran and the UAE, with exports to Kuwait and Oman also severely affected.
    June 15, 2026
    Show AI Summary
    Current account surplus rises on stronger services exports and transfer receipts, even as capital account shows net outflow.
    India recorded a current account surplus in April, driven by higher services exports and increased net transfer receipts, even though the merchandise trade deficit remained elevated and imports exceeded exports. Preliminary balance of payments data showed a wider import bill, stronger export receipts, higher net services receipts, and a rise in net transfers compared with the corresponding month of the previous year. On the capital account, the month saw a net outflow, with foreign direct investment showing an increase and foreign portfolio investment recording a net outflow. The overall balance of payments consequently reflected a deficit for the month, while the preceding January-March quarter had shown a current account surplus measured as a share of GDP compared with the year-ago quarter.
    June 15, 2026
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    Comprehensive Partnership deepens India-Slovakia cooperation across trade, defence, labour migration and energy security.
    India and Slovakia elevated their bilateral ties to a Comprehensive Partnership and finalised agreements covering labour migration, defence, digital technologies, higher education and quantum communication. The talks also focused on energy security, strategic cooperation and support for the earliest implementation of the India-European Union free trade agreement. Both sides endorsed orderly, safe and legal mobility of skilled professionals and agreed to work towards an early Social Security Agreement to support welfare and social protection for mobile workers.
    June 15, 2026
    Show AI Summary
    India's external trade growth trends show higher exports, rising imports, and expanding services surplus in May 2026.
    India's external trade for May 2026 and April-May 2026-27 showed growth in merchandise and services exports, but imports also rose and trade deficits persisted. Total exports were estimated at US$ 81.96 billion in May 2026 and US$ 162.69 billion for April-May 2026-27, while imports were estimated at US$ 92.47 billion and US$ 182.83 billion respectively. Services exports, non-petroleum exports, and several commodity categories recorded positive growth, with petroleum products, engineering goods, chemicals, electronic goods, and gems and jewellery identified as major drivers of merchandise export growth.
    June 15, 2026
    Show AI Summary
    Insolvency and Bankruptcy Code reform advances focus on cross-border insolvency, creditor-led resolution, and technology-driven restructuring.
    A national conference on India's restructuring ecosystem marked a decade of the Insolvency and Bankruptcy Code and highlighted institutional capacity building through the convocation of insolvency professionals. The discussions stressed coordinated judicial, regulatory and institutional action for timely and value-maximising resolution, with cross-border insolvency, the UNCITRAL Model Law, the Creditor-Initiated Insolvency Resolution Process, pre-packaged insolvency, ADR, distressed asset markets, rescue financing and technology-driven reforms identified as key areas of future development.
    June 15, 2026
    Show AI Summary
    Logistics modernisation drives the India Logistics Conclave 2026, spotlighting digital customs, infrastructure, and trade facilitation.
    The Brihanmumbai Custom Brokers' Association will host the India Logistics Conclave 2026 in Mumbai on 17 June 2026 as its second flagship policy forum, bringing together government, ports, customs and industry leadership under the theme of logistics-led national development. The programme is positioned as a dialogue on India's trade-and-logistics ecosystem, including the Viksit Bharat 2047 roadmap, digital customs, geopolitical realignments, infrastructure delivery and the evolving role of licensed intermediaries. The conclave presents customs brokers and freight forwarders as front-line partners in trade facilitation and focuses on trade policy, infrastructure and logistics modernisation.
    June 15, 2026
    Show AI Summary
    Algorithmic excellence and STEM inclusion drive India's first-ever gold at the European Girls Olympiad in Informatics.
    Sasken Technologies announced support for the Indian team that won India's first-ever gold medal at the European Girls Olympiad in Informatics 2026. The release links the achievement to the Indian Computing Olympiad ecosystem and highlights long-term support for algorithmic excellence, foundational computing skills, deep-tech talent, and the participation of young women in STEM.
    June 15, 2026
    Show AI Summary
    Wind energy capacity expansion and supply chain transparency drive India's domestic manufacturing and export competitiveness.
    India's wind energy sector is being positioned for rapid capacity expansion, with the stated target of reaching 100 GW of installed wind capacity by 2030 and 155 GW by 2035. The sector has already crossed 56.1 GW of installed capacity and added a record 6.1 GW in FY 2025-26, while stakeholders have identified more than 100 GW as necessary for an affordable and sustainable energy transition. The industry is also described as supporting the broader Atmanirbhar Bharat objective through a resilient domestic supply chain and increasing manufacturing capability.

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      Customs & Trade

      Bharat Buildcon 2026 Generates Rs. 400 Plus Crore Business, Emerges as India's Largest Global Platform for Building Materials Industry

      June 22, 2026

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      Four-Day Mega Expo at Yashobhoomi Attracts 40,000+ Visitors from Across the Globe; Participants from 30+ Countries and 100+ Indian Cities Drive Business, Partnerships and Global Expansion New Delhi [India], June 22: Bharat Buildcon 2026, India's premier exhibition for the building materials, construction and infrastructure sectors, concluded on a high note at Yashobhoomi, New Delhi, reaffirming India's position as a global manufacturing and sourcing hub. The four-day event witnessed participation from more than 40,000 visitors, delegates and buyers from around the world, creating unprecedented business opportunities for Indian manufacturers and suppliers.

      With participants representing over 30 countries and more than 100 cities across India, Bharat Buildcon 2026 successfully delivered on its vision of becoming the country's "One Nation, One Expo" platform for the building materials ecosystem. The exhibition facilitated business transactions worth over ₹400 crore during the event and generated more than 8,000 high-potential business leads, many of which are expected to translate into substantial commercial partnerships in the coming months.

      Bringing together manufacturers, exporters, architects, builders, developers, contractors, distributors, retailers and global buyers under one roof, Bharat Buildcon 2026 created a unique marketplace that connected Indian businesses with domestic and international opportunities. The event showcased India's manufacturing capabilities across ceramics, sanitaryware, tiles, natural stone, laminates, paints, hardware, construction materials and allied sectors.

      A major highlight of this edition was the strong international participation, which provided Indian companies—particularly MSMEs and emerging manufacturers—with direct access to global markets. The expo enabled Indian brands to engage with buyers, distributors and sourcing partners from multiple countries, helping them explore export opportunities and strengthen their international footprint.

      Speaking on the success of the event, Mr. Vishal Acharya, Director, Bharat Buildcon, said, "The success of Bharat Buildcon 2026 goes far beyond the business generated during the exhibition. One of the most significant achievements of this edition was bringing together industry leaders, government departments and global buyers on a single platform. The active participation of key institutions and departments such as the Central Public Works Department (CPWD), Government e-Marketplace (GeM), Department of Commerce, Ministry of Housing and Urban Affairs, and various MSME stakeholders created meaningful opportunities for collaboration, knowledge exchange and business growth. Through a series of interactions and discussions, Indian manufacturers gained valuable insights into government procurement programmes, export promotion initiatives, quality standards and market access opportunities. The strong presence of international buyers and delegates further reinforced the growing global acceptance of Make in India products. Bharat Buildcon has showcased how industry-government collaboration can help Indian manufacturers scale globally, strengthen exports and contribute to India's vision of becoming a leading manufacturing and export hub for the world." Sharing his views, Mr. Jitendra Kathiriya, Director, Bharat Buildcon, said, "The response from participants across India has been phenomenal. Companies from more than 100 cities participated and utilized this platform to connect with global buyers and business partners. Bharat Buildcon has successfully provided national players with an international platform, enabling them to showcase their products, expand their networks and secure meaningful business opportunities during the four-day event." Highlighting the industry's growth prospects, Mr. Nilesh Jetpariya, Chairman, CAPEXIL, said, "In today's competitive global marketplace, industry requires strong business platforms that can connect manufacturers directly with buyers. Generating business worth more than ₹400 crore in just four days is a remarkable achievement. Events like Bharat Buildcon help Indian industries expand globally, enhance exports, strengthen brand visibility and unlock maximum business potential for manufacturers across sectors." Commenting on the overall success and future roadmap, Mr. Vijay Aghara, Director, Bharat Buildcon, said, "The response received from exhibitors, buyers and visitors has exceeded expectations. While the event has already facilitated substantial business transactions, more than 8,000 qualified leads generated during the exhibition are expected to convert into significant business opportunities in the future. We are committed to making the next edition even bigger, introducing new initiatives, expanding international participation and creating greater value for the entire industry ecosystem." The success of Bharat Buildcon 2026 underscores the growing importance of integrated trade exhibitions in accelerating industrial growth, promoting exports and strengthening India's position in global supply chains. By bringing together stakeholders from across the value chain on a single platform, the exhibition has demonstrated how collaborative industry initiatives can drive economic growth, facilitate innovation and create new business opportunities.

      As India continues to emerge as a preferred manufacturing destination, Bharat Buildcon is playing a pivotal role in connecting domestic enterprises with global markets, fostering industry partnerships and supporting the vision of making India a leading force in the international building materials and construction sector.

      Powered By • JSW Diamond Sponsors • Solorex Tiles • Rafttaar.ai • Shree Cement • Bangur Cement • KICH India Gold Sponsors • Jindal Steel • Pidilite • Coverstone Ceramic • HUMBEE Associate Sponsors • Kajaria • Century Ply • Jaguar • Action TESA Security Partner • Harrison Locks For More Details Matik Meman PRarambh Public Relations [email protected] (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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