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    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
    India Hosts 13th ASEAN-India Trade in Goods Agreement Joint Committee Meeting to Advance ASEAN-India Trade Pact Review
    CIBC Opens Global Capabilities Hub in Hyderabad, India
    The Hidden Friction Points of Shipping from Canada to India
    ED raids in UP against ex-SP MLA
    CCI approves merger of 51 Malabar Group’s companies with and into Malabar Gold and Diamonds Ltd
    CCI approves acquisition of certain shareholding in Sorting Hat Technologies and its merger with and into upGrad Education Pvt Ltd
    Airlines' body FIA urges govt to bring jet fuel under GST
    IFB Agro warns of headwinds across alcohol, aqua feed businesses
    Government Extends Additional NPS Investment Choices to Employees of Central Autonomous Bodies (CABs)
    TGI Fridays® Introduces The World's First TGI Fridays® Microbrewery With The Opening Of Its Vasant Kunj Flagship
    Axis Direct Issues Investor Advisory Against Fake Trading Groups and Impersonation Fraud
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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.
    July 8, 2026
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    ASEAN-India trade agreement review advances as joint committee urges faster finalisation of pending negotiation chapters.
    India hosted the 13th ASEAN-India Trade in Goods Agreement Joint Committee meeting and related hybrid sessions in New Delhi to review progress under the AITIGA Review. The Joint Committee gave strategic guidance to sub-committees on customs procedures and trade facilitation, national treatment and market access, and rules of origin, and urged expeditious finalisation of outstanding review chapters through time-bound deliverables and close coordination within agreed timelines.
    July 8, 2026
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    Global capabilities hub expansion strengthens cross-border collaboration, talent development, and client-focused growth strategy.
    CIBC announced the opening of a global capabilities hub in Hyderabad, India, to support its modernization and growth strategy. The new office is intended to strengthen the bank's global footprint, expand its talent pool, and accelerate client-focused growth by insourcing work previously managed by third parties. The announcement also highlights cross-business and cross-border collaboration within CIBC's global network.
    July 8, 2026
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    Customs clearance and real-time tracking shape efficient Canada to India parcel delivery across cross-border logistics.
    Cross-border shipping from Canada to India depends on coordinated customs clearance, accurate documentation, first-mile access, strategic hub routing, and mature last-mile delivery networks. An improperly completed customs declaration or weak logistical planning may delay freight, while digital tools and direct hub connections improve efficiency and reduce transfers. Reliable parcel delivery also depends on clear pricing, compliance handling, and real-time tracking from warehouse scan to final delivery.
    July 8, 2026
    Show AI Summary
    Money laundering probe under PMLA leads to searches over disproportionate assets and alleged proceeds through business entities.
    Enforcement Directorate conducted searches in Uttar Pradesh in a money laundering investigation under the Prevention of Money Laundering Act against a former Samajwadi Party MLA and linked persons. The probe arose from an FIR alleging disproportionate assets, and preliminary inquiry indicated laundering of proceeds of crime through companies and LLPs engaged in real estate, construction and other businesses.
    July 8, 2026
    Show AI Summary
    Merger approval under competition law for Malabar Group companies and Malabar Gold and Diamonds Limited in the jewellery sector.
    Merger approval under competition law for the combination involving 51 Malabar Group companies and Malabar Gold and Diamonds Limited. The proposed transaction envisages the merger of 51 transferor companies with the transferee company, most of which are engaged in the jewellery business. The transferee company is engaged in manufacturing, trading, retailing, wholesaling, supplying, distributing, importing, exporting, buying, franchising and otherwise dealing in jewellery and allied products.
    July 8, 2026
    Show AI Summary
    Competition approval for acquisition and merger in the education sector involving Sorting Hat Technologies and upGrad Education.
    Competition approval was granted for the proposed combination involving acquisition of certain shareholding in Sorting Hat Technologies Private Limited and its merger with and into upGrad Education Private Limited. The combination concerns two Indian private limited companies with presence in the education sector, including formal and non-formal education for the acquirer and non-formal education for the target.
    July 7, 2026
    Show AI Summary
    Aviation turbine fuel under GST sought to cut airline operating costs and improve financial viability.
    Airlines have sought inclusion of aviation turbine fuel under the GST regime to reduce operating costs and ease financial pressure on Indian carriers. The request points to the present tax structure under which States levy excise duty and VAT on ATF, making fuel a major component of airline operating expenses. The industry body urges that ATF be brought under GST at 5 per cent with full Input Tax Credit, and asks the civil aviation ministry to support engagement with the relevant ministries and stakeholders.
    July 7, 2026
    Show AI Summary
    Alcohol and aquaculture feed pressure weigh on IFB Agro as excise issues, input costs and supply disruptions persist.
    IFB Agro Industries reported improved consolidated revenue for FY26 but warned of continued pressure on its alcohol business from excess ENA capacity, higher input costs, weak by-product realisations and repeated excise duty increases affecting IML demand. The company also alleged intermittent disruption to distillery operations and interference by state excise authorities. Its aquaculture feed and marine businesses were said to face raw material inflation, pricing constraints, shrimp supply shortages, geopolitical freight disruptions and shipping delays.
    July 7, 2026
    Show AI Summary
    NPS investment flexibility expands as additional life cycle fund choices are extended to eligible Central Autonomous Body employees.
    Additional NPS investment choices have been extended to employees of Central Autonomous Bodies covered under the National Pension System. The earlier notification introducing two life cycle funds for Central Government employees is now made available to eligible CAB employees under revised names and investment parameters. The choices provide greater flexibility in pension investment and are to be disseminated by administrative authorities and implemented in the Central Recordkeeping Agency system.
    July 7, 2026
    Show AI Summary
    Experiential dining expansion as TGI Fridays launches a flagship microbrewery concept in India through strategic franchise partnerships.
    TGI Fridays expanded its India presence with the launch of a flagship outlet at Ambience Mall, Vasant Kunj, presented as the world's first TGI Fridays microbrewery. The concept combines the brand's American dining format with in-house craft brewing, handcrafted cocktails, live brewing and contemporary interiors, and is positioned as a differentiated experiential destination for the Indian market. The launch was executed through Bistro Hospitality Pvt. Ltd., the master franchisee for India, in partnership with Feastary Hospitality LLP, the exclusive franchise partner for North India.
    July 7, 2026
    Show AI Summary
    Investor fraud alerts warn against impersonation scams, fake trading groups and unverifiable investment offers using brand identity.
    Investor advisory cautions against fraudulent entities and impersonation scams misusing the name, logo and brand identity of Axis Securities and Axis Direct to promote fake investment opportunities. Investors are advised to independently verify all investment-related communication, payment requests and offers through official channels before acting. Warning signs include unofficial groups, unauthorised stock tips, requests for transfers to personal or unverified accounts, unrealistic return promises, unfamiliar applications, confidential information requests and unverifiable documents or approvals.

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      Customs, DGFT & SEZ

      India Marks Largest-Ever Participation at North America’s Summer Fancy Food Show 2026 with Inauguration of India Pavilion

      June 30, 2026

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      Indian Mango Showcase Highlights Six Premium Export Varieties at India Pavilion

      Basmati Culinary Showcase Highlights Versatility of Indian Rice at Summer Fancy Food 2026

      The India Pavilion at Summer Fancy Food 2026, marking India's largest-ever participation at North America's premier specialty food exhibition, was jointly inaugurated by Consul General of India in New York Mr. Binaya Srikanta Pradhan and internationally acclaimed chef, author and TIME100 Honoree Chef Vikas Khanna at the Jacob K. Javits Convention Center on June 28, 2026. The pavilion brings together hundreds of Indian food brands, exporters and innovators under one roof.

      The India Pavilion, jointly showcased by the Agricultural and Processed Food Products Export Development Authority (APEDA) and the India Trade Promotion Organisation (ITPO) under the Department of Commerce, Government of India, celebrates the growing global demand for Indian food products while showcasing the richness, diversity and quality of India's agricultural and processed food industry to buyers, retailers and distributors from across the world.

      India's largest-ever showcase at the Summer Fancy Food Show features exporters across a diverse range of categories, including basmati rice, spices, ready-to-eat foods, beverages, organic products, frozen foods, snacks and value-added agricultural products, reinforcing the country's position as one of the world's fastest-growing food export destinations.

      A key attraction at the pavilion is the Indian Mango Showcase, featuring six premium export varieties alongside innovative mango-based culinary creations. The display highlights India's rich diversity of mangoes and reinforces the country's position as the world's leading producer of the fruit.

      Visitors are also experiencing a curated Basmati Culinary Showcase, where a range of dishes prepared using premium Indian Basmati rice demonstrates its versatility across international cuisines. Michelin-starred Chef Hemant Mathur is curating a sampling menu of Indian dishes every day for visitors.

      The showcase highlights the unique aroma, texture and quality that have made Indian Basmati rice a preferred choice in global markets. As global demand for authentic Indian food continues to accelerate, the India Pavilion stands as a powerful symbol of India's journey from its farms and factories to dining tables across the globe, driven by the collective efforts of millions across the agricultural and food value chain.

      Managing Director, ITPO Dr. Neeraj Kharwal also expressed his happiness at the inauguration of the largest-ever India Pavilion at Summer Fancy Food 2026 and said the collaboration between ITPO and APEDA would be highly beneficial for India's food exports.

      Addressing the gathering, Consul General of India in New York Mr. Binaya Srikanta Pradhan described the pavilion as a landmark initiative that would further strengthen India's food exports and brand presence in the United States. He said the India Pavilion at the Summer Fancy Food Show is a benchmark initiative for Indian brands looking to expand in the U.S. market and reflects the confidence, capability and quality of India's food industry. He added that the presence of Chef Vikas Khanna at the inauguration was significant, as he has been one of India's greatest ambassadors of soft power for nearly three decades, carrying India's culture, traditions and values to the West through the universal language of food.

      The inauguration comes at a defining time for India's food exports. According to trade estimates, the North American market for Indian consumer packaged food products is expected to represent an estimated USD 30-50 billion opportunity over the coming decade. The growth is being driven by increasing consumer demand for authentic Indian flavours, premium ingredients and trusted food brands.

      Speaking during the inauguration, Chef Vikas Khanna said every product on display represents the dreams and livelihoods of millions of Indians working across the country's food ecosystem. He said the industry is not just about products on shelves, but also about the millions of farmers, traders, manufacturers, factory workers, exporters, distributors and retailers behind every grain, spice and package. He added that every opportunity created for Indian food creates opportunities for countless families across the supply chain and that the success belongs to every farmer, trader, manufacturer and worker who make these products possible.

      Welcoming international buyers to the India Pavilion, Chairman, APEDA Mr. Abhishek Dev highlighted the significance of India's record participation at the exhibition and its growing leadership in global food exports. He said the Summer Fancy Food Show provides an important platform for Indian food brands to showcase their quality, innovation and diversity to the global marketplace. He added that the participation of more than 70 Indian exhibitors reflects the confidence of Indian exporters and the growing trust that consumers in premium international markets place in products from India.

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