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    Union Minister of Commerce & Industry Shri Piyush Goyal to Lead High-Level Business Delegation to Spain, Belgium and Finland from 13–17 July 2026
    Dr S C Deb Homeo targets Rs 100 crore revenue by FY'31
    India-UK FTA to benefit exporters, MSMEs, professionals from July 15: Goyal
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    OFCD case: SC to hear SEBI's plea against SAT relief to SICCL managers on Monday
    India's Russian crude imports hit record in Jun even as Moscow's oil revenues slip
    Cluster Industrial Locations and Benefits of Private Aviation
    Ex-WB minister Sujit Bose funnelled municipality 'scam' funds into his restaurant, bar, flats: ED
    Sonalika Marks 30-Year Milestone with 20 Lakh Tractor Production at Hoshiarpur Manufacturing Plant
    Assam Budget: Planters, traders say subsidy, incentive proposals to boost tea sector
    Man held in Rs 1.6 crore loan fraud racket; 50 victims targeted: Delhi Police
    Department of Commerce Organises Chintan Shivir on Strengthening India's Electronics Manufacturing and Export Competitiveness
    FIU-IND case regarding large-scale cyber fraud recognised as runner-up at Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary in Baku, ...
    Ladakh set to export 1,000 MT of apricots to Dubai; first shipment to be dispatched next week
    Ethanol programme saved Rs 1.90 lakh cr in forex since 2014-15, says govt amid row over E20 fuel
    Rupee gains 9 paise to settle at 95.38 against US dollar
    As Monsoon Session ends, Oppn slams Maharashtra govt over GDP spending, 'missing link' bridge issues
    India's forex kitty jumps USD 7.26 bn to USD 674.19 bn
    Department of Commerce Reviews Andhra Pradesh FCV Tobacco Marketing Season 2025–26
    Markets rally for 2nd day powered by IT stocks; Sensex ends 827 pts higher
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    July 13, 2026
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    Trade and technology cooperation drives India's business delegation visit to Spain, Belgium and Finland.
    India's Commerce and Industry Minister will lead a high-level business delegation to Spain, Belgium and Finland to advance trade, investment, technology, innovation and sustainability. The visit includes bilateral meetings, business roundtables and site visits focused on bilateral trade, the proposed India-European Union Free Trade Agreement, foreign direct investment opportunities, trade facilitation, sustainable technologies, resilient supply chains and industrial collaboration.
    July 12, 2026
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    Homoeopathic medicine expansion drives growth through capacity upgrade, export growth, new markets, and an ophthalmic division.
    Homoeopathic medicine manufacturer Dr S C Deb Homeo Research Laboratory plans major capacity expansion, an ophthalmic division, stronger domestic presence and wider exports to support revenue growth. The company also intends to promote homoeopathy through research, public awareness, affordable medicines, and a proposed homoeopathic medical college and hospital.
    July 12, 2026
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    Duty-free market access and social security exemption under the India-UK trade pact benefit exporters and professionals.
    India-UK free trade agreement to allow all Indian exports to enter the British market duty-free from July 15, benefiting exporters, farmers, fishermen, MSMEs and domestic industries. The pact also covers merchandise, goods and services, and is stated to strengthen trade and economic ties between India and the UK. It further includes a Double Contribution Convention exempting Indian professionals working in the UK for up to five years from British social security contributions, with savings directed to provident fund accounts in India.
    July 12, 2026
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    Regulatory oversight of airfares and securities relief in the Sahara OFCD matter set for Supreme Court hearing.
    The Supreme Court is scheduled to hear a challenge by SEBI against a Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. in the OFCD matter. It is also scheduled to hear a plea seeking regulatory guidelines to curb unpredictable fluctuations in airfares and ancillary charges imposed by private airlines.
    July 12, 2026
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    SEBI jurisdiction over OFCD public offer remains central as the Supreme Court hears Sahara-linked challenge.
    SEBI has challenged before the Supreme Court the part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. The tribunal had held that the OFCDs issued by SICCL constituted a public offer within SEBI's jurisdiction, dismissed the company's and directors' appeals, and separately allowed the appeal of the officials on the ground that employees could not be held liable for the company's acts.
    July 12, 2026
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    Russian crude imports and refined-fuel trade shape India's role in global oil flows amid sanctions and exemptions.
    India's imports of Russian crude oil rose to a record level in June, driven by higher deliveries to major Indian refineries, while Russia's crude export revenues declined because of weaker prices. The report also noted that India remained a significant channel in global trade flows of refined products made from Russian crude, including exports from Indian refineries to sanctioning jurisdictions, and that shipments refined from Russian crude continued to reach EU and UK ports under the reported trade conditions.
    July 11, 2026
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    Private aviation eases industrial cluster connectivity with direct access, flexible schedules, and secure business travel.
    Private aviation is presented as a connectivity solution for India's industrial clusters and economic corridors, where many high-productivity zones lack regular commercial air access. The article highlights the operational difficulty caused by dependence on distant metro airports, inflexible airline schedules, multi-stage travel, and the absence of practical same-day return connectivity. Business aviation is described as enabling direct travel to nearby airstrips and remote airports serving industrial zones, with advantages said to include faster movement, time efficiency, schedule flexibility, and secure and confidential cabin space for sensitive discussions.
    July 11, 2026
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    Money laundering through recruitment scam proceeds allegedly funded hospitality businesses, flats and illegal municipal appointments.
    Alleged proceeds of crime from a municipality recruitment scam were channelled into hospitality businesses and property acquisitions through cash sales, capital contributions, unsecured loans and shell-company borrowings. The Enforcement Directorate also alleged manipulation of municipal recruitment, illegal appointments in exchange for pecuniary gain, and abuse of position to regularise appointments without mandatory documents under applicable government guidelines, forming the second prosecution complaint under the Prevention of Money Laundering Act.
    July 11, 2026
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    Farmer-centric tractor manufacturing milestone as Sonalika highlights in-house production, automation, and global export growth.
    Sonalika Tractors marked a production milestone by rolling out its 20 lakhth tractor from its integrated manufacturing plant at Hoshiarpur, while highlighting its 30-year growth from its first tractor in 1996 to a global export business serving more than 150 countries. The company attributed its expansion to farmer-centric product development, Indian engineering, in-house manufacturing capability, automation, robotics, and extensive testing standards aimed at performance, durability, and reliability.
    July 11, 2026
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    Tea sector support measures in Assam Budget aim to boost exports, cut costs, and strengthen worker welfare.
    Assam Budget 2026-27 proposes tea sector support measures including export and production subsidies, tax relief for small tea growers, restoration of tax for larger assessees, lower VAT on piped natural gas, and welfare-linked spending for tea garden communities. The budget also strengthens incentives, healthcare, tea tourism and social infrastructure in tea garden areas.
    July 11, 2026
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    Identity theft in loan fraud rackets highlights misuse of Aadhaar, PAN and mule accounts to obtain fraudulent credit.
    Cyber fraud syndicate allegedly obtained personal loans by misusing Aadhaar and PAN details, including by changing Aadhaar-linked mobile numbers without the victims' knowledge. Police investigation indicates the use of mule accounts to route fraud proceeds and shows misuse of documents of around 50 victims to obtain loans from private non-banking financial companies.
    July 11, 2026
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    Electronics export competitiveness gains focus as policy dialogue highlights stable frameworks, global value chains and export facilitation priorities.
    Policy dialogue on strengthening India's electronics manufacturing and export competitiveness centred on the need for a stable and predictable framework to support export-oriented production, particularly in the context of global value chains. The consultation brought together government, industry and export promotion stakeholders to discuss balanced and actionable policy recommendations aimed at reinforcing India's position as a globally competitive electronics manufacturing and export hub. Key priority areas included greater integration of MSMEs into global value chains, harmonisation of HS Codes, closer coordination with Customs to reduce product misclassification and facilitate smoother exports.
    July 11, 2026
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    Cyber fraud intelligence exposes cross-border money laundering through mule accounts and cryptocurrency, prompting coordinated anti-money laundering enforcement action
    Financial intelligence analysis of a large-scale cyber fraud uncovered a sophisticated money-laundering network involving approximately Rs.868 crore in proceeds, more than 5,000 mule bank accounts, and cross-border cryptocurrency transactions. Cross-border intelligence exchange helped trace the cryptocurrency movements and identify the international money-laundering trail. The analysis supported enforcement measures under the Prevention of Money Laundering Act, 2002, including searches, seizure of cash and cryptocurrency, attachment of assets, and filing of two prosecution complaints.
    July 10, 2026
    Show AI Summary
    Fresh apricot export logistics drive in Ladakh prioritises cold chain management, quality certification and timely farmer payments.
    Ladakh administration prepared an export programme for fresh apricots, including the first overseas consignment to Dubai and broader access to other international markets. The initiative required coordinated procurement, grading, sorting, packaging, refrigeration, quality certification and transportation through farmer producer organisations, aggregators and a cooperative society, with dispatch scheduled through Delhi by special cargo aircraft. Officials were directed to ensure timely harvesting, uninterrupted cold chain management, quality standards, transparent payments and compliance with branding requirements.
    July 10, 2026
    Show AI Summary
    Ethanol-blended petrol programme drives forex savings, farm income support and cleaner fuel policy through expanded blending and feedstock use.
    The ethanol-blended petrol programme has expanded ethanol use, supported the sugar economy and improved payments to farmers. It is said to have saved foreign exchange by substituting crude oil imports, reduced carbon emissions, and created new demand for surplus crops. Maize has emerged as a major feedstock, and flex-fuel vehicles and a wider fuel road map are described as part of the policy direction.
    July 10, 2026
    Show AI Summary
    Rupee gains on weaker dollar, softer crude and strong equity sentiment amid expectations of RBI support.
    The rupee appreciated against the US dollar in interbank trade, supported by a weaker dollar index, easing crude oil prices, improved risk appetite in global markets and positive domestic equity sentiment. Market participants also noted that continued foreign portfolio inflows and buying by oil companies and importers influenced intraday movement, while traders expected the currency to trade within a defined near-term range.
    July 10, 2026
    Show AI Summary
    Poor fiscal management and legislative neglect draw opposition criticism over Maharashtra's budget, infrastructure, education, and power-sector concerns.
    Opposition parties criticised the Maharashtra government for poor fiscal management, limited legislative discussion, and reliance on supplementary demands that they said exposed flaws in the original budget. They also alleged governance failures in infrastructure, education, temple administration, examinations, and the power sector, including issues linked to the Mumbai-Pune Expressway's Missing Link project, unpaid contractor dues, and schools lacking basic facilities.
    July 10, 2026
    Show AI Summary
    Foreign exchange reserves rise as higher currency assets, gold holdings and IMF-related balances lift India's reserve position.
    India's foreign exchange reserves increased during the week ended 3 July 2026, according to the Reserve Bank of India, with higher foreign currency assets and gains in gold reserves contributing to the rise. Special drawing rights and the reserve position with the IMF also increased. The report notes that foreign currency assets are affected by valuation changes in non-US currencies, and refers to earlier reserve volatility linked to pressure on the rupee and RBI intervention through dollar sales.
    July 10, 2026
    Show AI Summary
    FCV tobacco marketing support reviewed with focus on procurement, exports, digital reforms and grower welfare.
    Measures for the Andhra Pradesh Flue Cured Virginia (FCV) tobacco marketing season 2025-26 were reviewed in consultation with growers, manufacturers, exporters, dealers, trade associations and the Tobacco Board. The discussions focused on accelerating procurement, facilitating exports and strengthening the marketing ecosystem for FCV tobacco, while protecting growers' interests. The review also covered restructuring of the Tobacco Board, enhancement of the Growers' Welfare Fund, simplification of registration procedures, digital initiatives, AI-based grading, export market expansion and crop diversification.
    July 10, 2026
    Show AI Summary
    Equity market rally gains strength as IT earnings, easing crude prices and banking stocks lift sentiment across sectors.
    Indian equity markets extended gains for a second straight session, closing higher on broad-based buying led by information technology, banking and realty stocks. Sentiment improved on easing crude oil prices, positive global cues, stability in the rupee and better-than-expected quarterly results from TCS, which lifted confidence in the IT sector and improved demand outlook. All sectoral indices ended in positive territory, while market breadth remained positive despite continued foreign institutional investor selling.

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      Customs & Trade

      Amazon CEO meets PM Modi; co adds USD 13 bn to 5-yr mega investment plan for AI, cloud infra

      June 25, 2026

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      New Delhi, Jun 25 (PTI) Amazon will invest an additional USD 13 billion in India, taking its planned capital commitment in the country to USD 48 billion between 2026 and 2030, Chief Executive Officer Andy Jassy said on Thursday after meeting Prime Minister Narendra Modi.

      The fresh investment underscores Amazon's long-term commitment to India, which Jassy described as one of the company's most important growth markets globally.

      He said Amazon's India business is seeing strong momentum, driven by robust customer demand across e-commerce and Amazon Web Services (AWS), its cloud-computing division.

      The announcement comes as global technology firms step up investments in India, attracted by the country's expanding digital economy, growing consumer base and rising demand for cloud and AI services.

      Amazon has invested heavily in India over the past decade, building out logistics networks, technology infrastructure and digital services as it seeks to deepen its presence in one of the world's fastest-growing major economies.

      Jassy affirmed Amazon's long-term commitment to the country, and said the company's India business is on a strong growth trajectory with robust customer demand, especially in e-commerce and Amazon Web Services, its cloud computing unit.

      He also highlighted the growing importance of India, a market where Amazon operates several businesses, including e-commerce, AI, cloud, and entertainment.

      "A great meeting with Mr. Andy Jassy. I welcome Amazon's record USD 48 billion investment in India. This will create new opportunities for our youth," Prime Minister Modi said in a post on X.

      This also reflects the growing interest across the world to invest in India, he said.

      Sharing a photo from his meeting with the Prime Minister, Jassy, in a post on X, said he really enjoyed the discussion about what’s ahead for Amazon in India.

      "We’ve been serving customers, sellers, developers, startups, and enterprises in India for more than a decade and just getting started...Excited about what's ahead. Still early days for what we can build," Jassy said.

      The Amazon top boss discussed the company's plans to invest USD 48 billion over the coming five years, including more than USD 21 billion in AI and cloud infrastructure.

      By 2030, Amazon plans to support 3.8 million jobs, enable USD 80 billion in e-commerce exports, and bring the benefits of AI to 15 million small businesses and four million government school students, Amazon's top executive said.

      The company, in a statement, said that during his meeting with the PM, Jassy reiterated Amazon's long-term commitment to India and announced plans to invest an additional USD 13 billion to expand AI and cloud infrastructure in the country by 2030.

      The latest investment pledge positions Amazon as one of the largest global AI and cloud infrastructure investors in India, the US-headquartered e-commerce giant added.

      "The investment will expand AWS data centre capacity in Mumbai and Hyderabad, giving startups, enterprises and government organisations access to custom AI chips, managed AI services, secure and reliable cloud technologies and developer tools to innovate faster, scale rapidly, and serve customers globally," according to Amazon.

      With this, Amazon's cumulative investments in India exceed USD 88 billion between 2010 and 2030. Just six months back, Amazon had announced USD 35 billion in new India investments.

      "The latest investment makes Amazon one of the largest global AI and cloud infrastructure investors in India, in addition to being the largest foreign investor in India, the largest enabler of ecommerce exports and one of the biggest job creators in the country," Amazon said.

      The company plans to launch more than 20 new fulfilment centres and over 100 new last-mile delivery stations this year, bringing faster and reliable deliveries to customers nationwide, especially in tier 3 and 4 cities, the statement said.

      Amazon has also announced 'Sammaan', a programme focused on the welfare of tens of thousands of delivery associates powering its e-commerce and quick commerce network.

      Since its launch in India, Amazon has digitised 12 million small businesses, enabled over USD 20 billion in cumulative e-commerce exports, and supported 2.8 million jobs. Amazon has also trained over 10 million Indians on cloud skills.

      "Through 2030, the company plans to invest a total of USD 48 billion to expand and support its businesses in India. In line with the government priorities, Amazon will continue its strong focus on AI-led digitisation, export growth, and job creation," according to the statement.

      The Amazon top honcho said the company has seen strong growth in India, especially across e-commerce, AI, and cloud businesses.

      "As we grow Amazon in India, our business priorities continue to align with India’s priorities of democratising access to AI, digitising small businesses, creating jobs, and enabling exports. We are investing over USD 48 billion in the coming five years to meet the strong demand across our business in India and to help the country achieve these priorities," Jassy said.

      "We are inspired by Prime Minister Modi’s vision of a Viksit and Atmanirbhar Bharat, and we are committed to being a long-term partner in India’s growth story." On the expanded investment pool, the company said the fresh investment commitment will help expand and support AI and cloud infrastructure across the two regions in Mumbai and Hyderabad.

      "Both AWS regions enable customers to securely store their data within India and give them access to the world’s most advanced AI and cloud technology, including high-performance Trainium chips and AWS's leading inference engine Amazon Bedrock," Amazon said.

      The e-commerce giant underlined that hundreds of thousands of Indian enterprises, startups, and government agencies are already using AWS to build, train, and deploy AI workloads at production scale, including National Health Authority, Government e-Marketplace, Apollo Tyres, Delhivery, Physics Wallah, Axis Bank, and HDFC Bank.

      "From day one, AWS has built its infrastructure so customers have full control over where their data resides, who can access it, and how it's secured," the company pointed out.

      Amazon.in has over 100 million customers and more than 1.7 million sellers, it said, adding that the company is seeing 85 per cent of new customers and over 65 per cent of orders from tier 2 and 3 cities.

      In Bengaluru on Wednesday, Jassy had announced the company's plans to expand its ultra-fast delivery service, Amazon Now, to more than 300 Indian cities and to build what Amazon describes as the country's largest "delivery in minutes" network.

      Amazon Now's aggressive expansion comes at a time when India's quick commerce market has emerged as one of the fastest-growing segments of the country's digital economy, driven by rising demand for ultra-fast deliveries and changing consumer preferences. PTI MBI ANZ MBI BAL BAL BAL

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