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    Quality Council of India and National Small Industries Corporation Sign MoU to Strengthen Quality, Competitiveness and Market Access for MSMEs
    Insurance Division, DFS Secures 2nd Rank in Group A Category Grievance Redressal Assessment & Index (GRAI) for May 2026
    Merger of banks does not shield tenant from eviction under Delhi Rent Control Act: SC
    Gurugram realty fraud: Delhi court says ED summons to foreign-based son of accused invalid
    TCS Q1 net profit rises 4.61 pc to Rs 13,349 cr
    Government of India Notifies Polymatech Electronics' Semiconductor and Electronic Components SEZ at Nava Raipur, Chhattisgarh
    Rupee rises 7 paise to settle at 95.41 against US dollar
    IICA inaugurates it's Second Batch of Flagship Arbitration Program
    India says US approach to forced labour tariffs inconsistent; exempts 1,600 items it needs
    Union minister asks Odisha to tap fisheries export potential, strengthen value chain
    Chhattisgarh cabinet clears Ease of Doing Business bill
    Congress leader Ramgopal Agrawal detained by Chhattisgarh EOW in coal levy 'scam'
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    ED freezes TMC's Rs 440-cr worth bank deposits under PMLA, party calls act illegal
    India, Maldives conclude talks for investment treaty; legal scrubbing of text on
    NICDC's Logistics Arm NLDSL and Government of Punjab Sign MoU to Strengthen Digital Logistics Ecosystem
    Gong Opens in Bandra as Speciality Restaurants Limited Unveils Its New-Age Pan Asian Flagship in Mumbai
    Taurian MPS Targets 50%+ Revenue CAGR Over the Next Three Years, Backed by Export Expansion, Higher-Margin Growth, Improving Working Capital and an Rs...
    ED freezes TMC's Rs 440-cr worth bank deposits under PMLA
    UST Partners with Anthropic to Bring Claude Into UST''s Platforms, Engineering, and Operations and Train 20,000 UST Employees Globally
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    July 9, 2026
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    MSME quality and market access get a boost through a joint certification, accreditation and digital commerce framework.
    Quality Council of India and National Small Industries Corporation Limited entered into a Memorandum of Understanding to strengthen quality, competitiveness and market access for Micro, Small and Medium Enterprises through a unified support framework. The collaboration integrates ZED Certification, MSME Global Mart, the TEAM Initiative and the Single Point Registration Scheme to expand digital commerce access, export promotion, testing and accreditation support, and capacity-building for MSMEs and training institutions. A Joint Coordination Committee will oversee implementation during the five-year tenure of the MoU.
    July 9, 2026
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    Grievance redressal performance improves as financial services divisions rank high and expand complaint review and transparency measures.
    The Department of Financial Services has remained among the top 10 ministries and departments in grievance redressal rankings, with the Insurance Division securing 2nd rank in Group A for May 2026 and the Banking Division ranking 6th. The Department is also conducting direct review of selected grievances and workshops on an effective grievance redressal framework to improve complaint resolution, transparency, and customer trust.
    July 9, 2026
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    Landlord consent requirement prevails over bank amalgamation in eviction disputes under rent control law.
    Amalgamation of a tenant bank with another bank does not displace the requirement of written consent of the landlord under the Delhi Rent Control Act where the tenant has been assigned or has parted with possession of the premises. A banking scheme of amalgamation cannot override the rent control protection against subletting, assignment, or parting with possession without consent, and an involuntary merger does not confer immunity from the landlord-consent requirement.
    July 9, 2026
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    Valid service of summons on a foreign national requires due process, not deemed service at a relative's address.
    Service of summons at an accused person's residence in India cannot be treated as valid or deemed service on his son who is a foreign national, is not an accused in the predicate offence or the money-laundering case, and has not resided at that address since 2017. The Enforcement Directorate was required to follow the procedure prescribed by law for serving a person living abroad, and service at the applicant's address was non est in law.
    July 9, 2026
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    Quarterly profit growth at TCS reflects rising revenues, stronger net income and continued employee expansion despite headwinds.
    TCS reported a rise in quarterly net profit for the June 2026 quarter, with net profit, net income and revenues all showing year-on-year growth. The company also recorded a sequential increase in revenue from the previous quarter and added over 9,200 employees during the three-month period ending 30 June 2026.
    July 9, 2026
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    Special Economic Zone notification formalises semiconductor manufacturing and customs framework for export-oriented operations in Chhattisgarh.
    The Government of India has notified a Special Economic Zone for the manufacture of semiconductors and electronic components at Mandir Hasaud, Nava Raipur, Atal Nagar, Chhattisgarh, covering 10.13 hectares comprising specified land parcels. The notification also constitutes the Approval Committee for the SEZ and appoints 6 July 2026 as the date from which the SEZ is to be deemed an Inland Container Depot under the Customs Act, 1962, establishing the customs and logistics framework for export-oriented operations.
    July 9, 2026
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    Rupee appreciation supported by RBI intervention, equity rebound and dollar selling despite crude and geopolitical pressure
    The rupee appreciated modestly against the US dollar, supported by a rebound in domestic equities, dollar sales by state-run lenders and suspected RBI intervention. The currency moved within a narrow range before settling higher than the previous close, even as elevated crude oil prices, a stronger global dollar and heightened West Asia tensions continued to weigh on sentiment.
    July 9, 2026
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    Arbitration training and institutional dispute resolution take centre stage in IICA's expanded certified program.
    The second batch of the Certified Arbitration Program was inaugurated as a flagship initiative aimed at building globally benchmarked arbitration professionals and strengthening institutional arbitration in India. The programme stresses enforceable arbitral awards, fairness of process, a code of conduct and sector-specific expertise as core elements of a robust arbitration ecosystem. It also reflects wider efforts to promote alternative dispute resolution, specialised training and practical arbitration skills through expanded module-based content and workshop-focused learning.
    July 9, 2026
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    Forced labour-linked tariff proposals face Indian criticism over inconsistent exemptions and arbitrary sourcing conditions
    Forced labour-linked tariff proposals under the US trade framework drew Indian criticism for inconsistency, because the proposed approach was said to exempt a large number of items that cannot be produced or grown in the United States while still targeting imports linked to alleged forced labour concerns. India argued that such exemptions dilute the stated policy rationale of addressing forced labour in global supply chains and may not meaningfully prevent circumvention practices. India also objected to the textile-related tariff mechanism, stating that reduced tariff treatment based on the use of US-origin cotton and related inputs operates as an arbitrary sourcing requirement for foreign manufacturers.
    July 8, 2026
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    Fisheries value chain strengthening drives Odisha's export potential through collaboration, processing modernisation and species diversification.
    Strengthening of fisheries value chain and export capacity in Odisha was emphasised through closer collaboration among fishers, fish farmers, exporters and cooperatives, along with coordinated action by the Centre, the State, research institutions, financial institutions and sector stakeholders. The focus was on harnessing the State's untapped export potential by improving production linkages, post-harvest systems and sector-wide organisation. Attention was given to capacity building, modernisation of processing facilities, diversification of fish species and fisheries products, and expansion of deep-sea and brackish water fishing to support higher exports, greater value addition and improved fisher incomes.
    July 8, 2026
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    Ease of Doing Business reforms propose time-bound approvals, simpler compliance and faster refunds to improve investor-friendly regulation.
    A draft Ease of Doing Business law proposes time-bound approvals, deemed approvals, self-certification, third-party verification, risk-based inspections and removal of duplicate licensing requirements to reduce procedural hurdles and create a more investor-friendly regulatory environment. The cabinet also approved related industrial investment, payment security and tax reforms, including GST simplification, faster refunds and abolition of the redundant Commercial Tax Tribunal.
    July 8, 2026
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    Coal levy probe deepens as Ramgopal Agrawal is detained for questioning in linked corruption cases.
    Congress leader Ramgopal Agrawal was detained by the Chhattisgarh Economic Offences Wing for questioning in the alleged coal levy matter and was also to be interrogated in connection with liquor and rice custom milling-linked cases. The agency said the action was based on documents, digital evidence, a seized diary and other records, and claimed that the diary contained entries of payments made in the name of "Congress Bhavan".
    July 8, 2026
    Show AI Summary
    Anti-money laundering action freezes party bank accounts amid alleged funds misappropriation investigation
    Enforcement action under the Prevention of Money Laundering Act resulted in the freezing of three bank accounts of a political party containing substantial deposits, after searches in an alleged funds misappropriation matter. The action reflects use of the anti-money laundering framework to secure bank deposits linked to the investigation.
    July 8, 2026
    Show AI Summary
    Prevention of Money Laundering Act freezing of political party bank accounts follows alleged fund routing through related entities.
    Freezing of bank deposits under the Prevention of Money Laundering Act arose from an ED investigation into alleged misappropriation and routing of funds through political party bank accounts and related entities. The agency stated that three bank accounts were frozen under Section 17(1A) because the deposits could not practicably be seized and needed to be secured from transfer or further dealing, subject to confirmation by the adjudicating authority. The investigation also concerned transfers to a private aviation group, purchase of aircraft and a helicopter, and alleged payments linked to aircraft usage.
    July 8, 2026
    Show AI Summary
    Bilateral investment treaty and free trade agreement talks advance as India and Maldives fast-track wider economic cooperation.
    India and the Maldives have concluded negotiations for a bilateral investment treaty, with the text undergoing legal scrubbing before signature, while free trade agreement talks are being fast-tracked. The treaty is intended to promote and protect investments in each other's countries, and the trade discussions form part of a broader effort to reduce or eliminate import duties on goods traded between the two countries.
    July 8, 2026
    Show AI Summary
    Digital logistics integration through ULIP aims to improve transparency, efficiency and data-driven coordination in Punjab's supply chain ecosystem.
    NICDC Logistics Data Services Limited and the Government of Punjab entered into a Memorandum of Understanding to support the digital transformation of Punjab's logistics ecosystem through the Unified Logistics Interface Platform. The partnership focuses on seamless exchange of real-time logistics data across departments to improve logistics visibility, operational efficiency, inter-departmental coordination, transparency and data-driven decision-making for industry stakeholders. ULIP is described as a unified digital gateway based on API integration across government systems.
    July 8, 2026
    Show AI Summary
    Premium Pan Asian dining drives Speciality Restaurants Limited's new Gong format with design-led hospitality and scalable growth.
    Speciality Restaurants Limited launched Gong in Bandra as a premium Pan Asian dining concept combining progressive cuisine, immersive interiors and elevated hospitality. The restaurant is positioned as a future-ready format designed for higher average spend per cover, optimised space use and faster table turnover, reflecting the company's focus on innovation-led expansion and experiential dining.
    July 8, 2026
    Show AI Summary
    Export expansion and working-capital discipline support Taurian MPS's high-growth roadmap and stronger order-book visibility.
    Taurian MPS Limited has outlined a growth strategy centred on achieving a revenue CAGR of over 50% over the next three years through stronger domestic and export order inflows, faster execution, expansion of its international dealer network and improved working-capital efficiency. The company says its current order book of about Rs 83.85 crore provides execution visibility, with domestic orders forming the larger share and export orders contributing the balance. These orders are expected to be executed over the next four to five months, subject to customer advances, final confirmations, site readiness and delivery schedules.
    July 8, 2026
    Show AI Summary
    Money laundering asset freezing under PMLA targets suspected bank deposits and linked transactions pending confirmation.
    Freezing of bank deposits under the Prevention of Money Laundering Act operates where an asset cannot practicably be seized and must be protected from transfer or other dealing. An officer may issue a freezing order in respect of bank accounts containing suspected proceeds or linked funds, subject to confirmation by the adjudicating authority within the prescribed time. The investigation also concerns alleged routing of funds through related entities and purchases of aircraft and helicopter assets through connected transactions.
    July 8, 2026
    Show AI Summary
    Strategic AI alliance expands Claude across enterprise workflows, internal operations, and large-scale workforce training.
    UST entered into a strategic alliance with Anthropic to integrate Claude models across UST's engineering environments, proprietary platforms, industry solutions and internal operations, with the objective of helping enterprise clients adopt trusted AI at scale. The collaboration extends to UST's own operations and includes plans to certify 20,000 associates worldwide on Claude, supported by Anthropic's enablement, technical guidance and certification.

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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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