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    Amid global uncertainties, par panel to study evolving economic conditions in India
    Limited increase in petrol, diesel prices in India despite global crude oil market volatility: Puri
    Hyderabad: ED auctions assets worth Rs 159 cr in Heera Group fraud case
    No real spike in petrol, diesel prices in India despite global crude oil market volatility: Puri
    BCBA Hosts Landmark Second Edition of The India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai
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June 21, 2026
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Economic conditions in India to be examined amid global uncertainty, with focus on growth, inflation, employment, and trade.
Parliamentary financial oversight has added evolving economic conditions in India as a subject for detailed examination for the year 2025-26. The proposed study is directed to assess the country's economic position in light of global uncertainty, geopolitical tensions, tariff-related pressures, supply chain disruptions, and commodity price fluctuations, with particular attention to growth, inflation, employment, investment trends, fiscal management, banking developments, trade, and the impact of external developments on domestic conditions.
June 20, 2026
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Petrol and diesel price stability highlighted amid global crude volatility, with excise duty cuts and inventory costs absorbing pressure.
Petrol and diesel prices in India have remained relatively stable despite volatility in global crude oil markets, with excise duty reductions said to have absorbed the burden of price swings. The minister said oil marketing companies are facing losses on higher-cost crude inventories, but fuel prices could soften when lower-priced crude reaches refiners. The address also highlighted Sonbhadra's development ranking, Uttar Pradesh's economic growth, startup expansion and tourism-driven activity in Ayodhya, Kashi and Prayagraj.
June 20, 2026
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Money laundering asset auction: attached Heera Group properties sold for investor restitution under judicial supervision.
The Enforcement Directorate auctioned 23 immovable assets earlier attached under the Prevention of Money Laundering Act as properties derived from the proceeds of crime in the Heera Group money-laundering investigation. The auction was conducted through MSTC pursuant to directions of the Supreme Court, and the proceeds are to be used for restitution and repayment of genuine investors under judicial supervision.
June 20, 2026
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Fuel pricing stability remains despite crude volatility as excise duty cuts and inventory effects cushion consumers.
Petrol and diesel prices in India have not materially increased despite volatility in global crude oil markets, with the government saying excise duty reductions absorbed much of the pressure. The statement says oil marketing companies have faced losses without passing the full burden to consumers, and that fuel prices may soften when lower-priced crude reaches refiners. It also highlights India's economic growth, Sonbhadra's development progress, and Uttar Pradesh's expansion in industry, employment and tourism-linked infrastructure.
June 20, 2026
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Logistics ecosystem collaboration drives India's trade facilitation agenda at the India Logistics Conclave 2026.
The Brihanmumbai Custom Brokers' Association hosted the second edition of the India Logistics Conclave 2026 in Mumbai, bringing together more than 550 delegates, government leaders and industry participants from the customs, ports, shipping, trade and logistics sectors. The conclave featured sessions on the roadmap for India's long-term development, the digital backbone of customs and trade, geopolitics and trade, and policy and infrastructure for a futuristic logistics ecosystem.
June 20, 2026
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Wealth banking expansion drives HSBC India's new Surat branch, strengthening services for affluent and non-resident clients.
HSBC India opened a new branch in Surat, Gujarat, to strengthen its presence in an emerging wealth and industrial centre and expand services for affluent, HNW, UHNW and non-resident Indian customers. The launch forms part of the bank's broader wealth strategy in India and follows Reserve Bank of India approval in 2025 to open additional branches in key cities. HSBC India said the branch is intended to support a growing customer base in emerging wealth hubs and its continued branch network expansion across India.
June 20, 2026
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Sector-diversified placement strategy strengthens recruiter confidence and broadens student opportunities across multiple industries.
DBS Global University reported a placement season driven by a sector-diversified recruitment strategy intended to reduce dependence on any single industry amid broader hiring slowdowns, especially in IT and banking. The placement team expanded relationships across core and emerging sectors, using placement intelligence, alumni networks and a curriculum aligned to industry needs to maintain recruitment momentum across a wider employer base. Placements were described across IT, FMCG, cement, home construction, retail, edtech, logistics, banking, consulting, NBFC, insurance, ecommerce and manufacturing, with roles in leadership, supply chain management, operations and brand management.
June 20, 2026
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Enforcement Directorate searches and seizure proceedings in a TASMAC-linked money-laundering probe faced challenge over their legality.
Challenge to the legality of Enforcement Directorate searches and seizure proceedings at a businessman's residence in a money-laundering probe linked to TASMAC. The plea sought quashing of searches conducted on multiple dates, but the High Court had declined to examine their validity at that stage. The Supreme Court upheld that approach and did not entertain the challenge to the searches.
June 20, 2026
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Luxury rug selection in India favors handmade craftsmanship, bespoke customization, and durable natural materials for homes and hotels.
Luxury rug and carpet selection in India is presented as a matter of craftsmanship, material quality, customization, and project suitability, with handmade and hand-knotted products positioned as superior to machine-made alternatives for durability, design flexibility, sustainability, and long-term value. The guide identifies The Ambiente as the leading luxury rug brand, emphasizing bespoke handmade rugs from Bhadohi, strong customization, premium materials, and suitability for homes, villas, hotels, and corporate spaces.
June 20, 2026
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Monetary policy status quo amid energy shocks, with repo rate unchanged and neutral stance retained as inflation risks build.
The Monetary Policy Committee reviewed global and domestic macroeconomic conditions amid prolonged West Asia conflict, elevated energy prices, supply-chain disruptions, and weather-related risks. It unanimously kept the policy repo rate unchanged at 5.25 per cent and retained the neutral stance, while the standing deposit facility rate, marginal standing facility rate, and Bank Rate remained unchanged. The minutes project real GDP growth at 6.6 per cent for 2026-27 and CPI inflation at 5.1 per cent, with continued vigilance on energy pass-through, food prices, and inflation expectations.
June 20, 2026
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Building materials trade and export linkages gain momentum as Bharat Buildcon 2026 connects global buyers and manufacturers.
Bharat Buildcon 2026 highlighted the expansion of India's building materials and construction sector through a large-scale exhibition, business networking platform and industry conference programme bringing together domestic and international buyers, manufacturers, policymakers and trade stakeholders. The event featured buyer-seller meetings, product showcases and knowledge-sharing sessions aimed at strengthening export linkages, market access and business collaboration across categories such as ceramics, tiles, sanitaryware, bathware, hardware, plywood, laminates, paints, construction chemicals, machinery and building technologies. The exhibition also underscored policy and infrastructure themes linked to water conservation, sustainable infrastructure development, real estate growth, industrial expansion and urbanisation. Discussions referenced government-led development initiatives and the broader role of manufacturing, logistics, hospitality, transportation and services in supporting industry growth.
June 20, 2026
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Trade expansion and non-tariff barrier review shape India-Uzbekistan cooperation across sectors, digital systems and logistics.
India and Uzbekistan agreed to deepen bilateral trade, address non-tariff barriers and work towards doubling trade over the next three years through the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation. The parties discussed expansion of Indian exports across multiple sectors, priority cooperation in pharmaceuticals and agriculture, and wider collaboration in ICT, digital infrastructure, customs data exchange, payment systems, energy and critical minerals. Non-tariff barriers, logistics connectivity and business engagement were identified as key areas for review and implementation.
June 20, 2026
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Anti-money laundering leadership strengthens as India assumes FATF Vice-Presidency for the first time.
India has assumed the Vice-Presidency of the Financial Action Task Force for the first time, with Shri Vivek Aggarwal appointed for the term July 2026 to June 2027. The Vice-President is elected by the FATF Plenary and assists the President in steering the organisation's work. The appointment places an Indian official in a key role within the global standard-setting body for anti-money laundering and counter-terrorist financing.
June 20, 2026
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Audit quality and financial reporting standards drive NFRA-ICAI workshop focus on professional capacity and global competitiveness.
NFRA, in collaboration with ICAI, organised a workshop in Pune to enhance professional capacity for audit practitioners, strengthen audit quality and improve the quality of financial reporting. The programme focused on the role of the accountancy profession in safeguarding public interest and maintaining trust in financial reporting, while urging audit firms, including small and medium practitioners, to align with contemporary global standards and continuously improve competence.
June 20, 2026
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MSME-led trade expansion drives Uttar Pradesh's BRICS exports, with industrial support schemes linking artisans, youth and global markets.
Uttar Pradesh reported expanding trade links with BRICS member and partner countries, with exports of machinery, garments, leather, carpets and precious stones crossing USD 5.36 billion in 2025-26. The state also highlighted the MSME sector as a driver of employment and growth, along with the One District One Product scheme, Vishwakarma Shram Samman Yojana, youth entrepreneurship support through interest-free, guarantee-free loans, and MSME parks under the PLEDGE scheme.
June 19, 2026
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NCLT asset takeover follows declaration of illegal entity, with property vested and encroachment warned against.
NCLT has taken over the assets and properties of the Sirajul Uloom Welfare Foundation after it was declared an illegal entity, with all properties vested in the National Company Law Tribunal, Chandigarh. The order warns that interference with, encroachment upon, or trespass over the properties would violate the tribunal's directions and attract action under the relevant legal provisions.
June 19, 2026
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Fresh litchi export facilitation boosts Uttarakhand growers and opens European market access through coordinated export support.
Facilitation of the first-ever export consignment of fresh litchis from Uttarakhand to Italy marked the State's entry into the European market. The inaugural shipment of one metric tonne of Dehradun litchi was dispatched from Dehradun, with the export covering varieties such as Rose Scented, Calcuttia and Bedana cultivated in the Dehradun, Haridwar, Nainital and Udham Singh Nagar districts. The export initiative provided a financial boost to local growers, with farmers reportedly securing prices nearly 25 per cent higher than prevailing domestic market rates.
June 19, 2026
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Regulatory and market updates include buyback reforms, IPO approvals, RBI caution on rates, and food safety notices.
Employment incentives were disbursed under Pradhan Mantri Viksit Bharat Rozgar Yojana, with support extended for new jobs and the employment count under the scheme reported as having crossed 70 lakh. Sebi approved the reintroduction of share buybacks through stock exchanges, allowed open-market repurchases from August 1, and capped the execution period at 66 working days. The RBI Monetary Policy Committee maintained a wait-and-watch stance on interest rates amid uncertainty over inflation and growth. Food safety notices, forex reserve data and market updates were also reported.
June 19, 2026
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Share buyback framework returns through stock exchanges with tighter execution limits and simpler market access rules.
Sebi approved the reintroduction of share buybacks through stock exchanges, allowing companies to repurchase their own shares through regular trading mechanisms without a dedicated buyback window, with the execution period capped at 66 working days. The board also eased mutual fund borrowing norms, simplified securities transmission procedures, approved a green-channel mechanism for AIFs, strengthened governance and disclosure requirements for Sebi members and employees, and cleared amendments to frameworks for SDIs and municipal debt securities.
June 19, 2026
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Market access for tribal farmers takes centre stage as NABARD promotes organically grown mangoes and buyer linkages.
Market access for tribal farmers was promoted through a mango festival organised by NABARD in Ranchi, featuring naturally grown, export-quality mangoes sourced from NABARD-supported tribal farmers. The initiative was linked to NABARD's Tribal Development Fund and farmer-producer organisations, and was intended to connect farmers with premium domestic and international buyers, including exporters and food processing companies, for organically grown produce.

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TGI Fridays® Introduces The World's First TGI Fridays® Microbrewery With The Opening Of Its Vasant Kunj Flagship

July 7, 2026

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New Delhi [India], July 07: TGI Fridays®, the iconic American restaurant and bar brand, has unveiled a first-of-its-kind concept globally with the launch of the world's first TGI Fridays® microbrewery at Ambience Mall, Vasant Kunj, New Delhi. The opening represents a landmark moment for the brand, bringing together its globally loved dining experience with an in-house craft brewing destination designed exclusively for the Indian market.

The restaurant has been launched by Bistro Hospitality Pvt. Ltd., the master franchisee for TGI Fridays® in India, in partnership with Feastary Hospitality LLP, the brand's exclusive franchise partner for North India.

Designed as an immersive social destination, the Ambience Mall, Vasant Kunj outlet combines TGI Fridays' signature American menu, handcrafted cocktails, live brewing, and contemporary interiors to create a differentiated experience for today's consumers who increasingly seek destinations that offer more than just dining.

With a presence across more than 40 countries, TGI Fridays has built its reputation on vibrant hospitality, bold flavours and memorable guest experiences. The introduction of the microbrewery concept reflects the brand's commitment to continuous innovation while staying true to its globally recognised identity.

Speaking on the occasion, Prashant Mukherjee, Director, Bistro Hospitality and Universal Success Enterprises Ltd., said, "Our objective has been to redefine the TGI Fridays® experience in India by investing in concepts that strengthen the brand's relevance for a new generation of consumers. The launch of the world's first TGI Fridays® microbrewery demonstrates our confidence in the Indian market and our commitment to creating globally significant experiences from India. As we continue to expand, our focus remains on sustainable growth, operational excellence and delivering exceptional guest experiences across every location." The launch is another important milestone in TGI Fridays' accelerated growth strategy in India. Over the past year, the brand has expanded rapidly across key metropolitan markets, reinforcing its presence in premium retail and lifestyle destinations.

Kuunal Maiti, CEO, Bistro Hospitality Pvt. Ltd., said, "With the opening of Vasant Kunj, TGI Fridays now operates restaurants in Kolkata, Hyderabad, Lucknow, Gurgaon, Connaught Place and Vasant Kunj. In last 6 months we have lunched 4 new restaurants and relaunched one. In just 12 months, we have doubled our footprint from three to six restaurants, reflecting the growing acceptance of the brand and the strength of our expansion strategy. We are actively evaluating several new partners in East, West and South regions, we continue building a stronger nationwide presence." Highlighting the significance of the new concept, Suraj Mahant of Feastary Hospitality LLP said, "The world's first TGI Fridays microbrewery is a defining achievement for both our organisation and the global brand. We wanted to create a destination that brings together premium craft beer, iconic food and the unmistakable Fridays energy under one roof. We believe this concept will set new benchmarks for experiential dining and further establish India as an innovation hub for the brand." The launch event brought together business leaders, members of the media, hospitality professionals, influencers and invited guests, who experienced the new concept through curated food pairings, freshly brewed craft beers and an evening celebrating the next chapter of the TGI Fridays brand in India.

The Vasant Kunj opening further strengthens the strategic partnership between Bistro Hospitality Pvt. Ltd. and Feastary Hospitality LLP. With multiple new locations already in the pipeline, the partners remain focused on expanding the brand's footprint through a disciplined, experience-led growth strategy across India.

About TGI FRIDAYS® Founded in New York City in 1965, TGI Fridays is one of the world's most recognised American casual dining brands, known for its bold flavours, handcrafted beverages and energetic social atmosphere. Operating across more than 40 countries, the brand continues to evolve while delivering its signature hospitality experience to guests around the world.

In India, TGI Fridays is operated by Bistro Hospitality Pvt. Ltd., the master franchisee for the country, through a structured expansion model focused on premium locations, operational excellence and strong regional partnerships. Feastary Hospitality LLP serves as the exclusive franchise partner for North India, leading the brand's growth across the region.

(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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