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    Bajaj Finance Personal Loan: Understand Your Interest Rate and Repayment Options
    Rupee rises 15 paise to 95.32 against the US dollar in early trade
    DPIIT Amends Footwear Quality Control Orders to Enhance Ease of Doing Business and Strengthen Domestic Manufacturing
    Court orders cancellation of sale deed in Mundhwa land transaction
    ED uses AI-aided tools, modern forensic tech to help fraud victims, speed up probes
    Rupee rises 1 paisa to settle at 95.47 against US dollar
    TCS Q1 profit up 4.61 pc, sees West Asia-hit demand come back in 2nd quarter
    Tripura emerging as India's gateway to Southeast Asia: Scindia
    Indian embassy pitches deeper economic engagement with Chinese businesses
    Bangladesh orders reduced govt spending amid economic vulnerability
    TCS Q1 net profit rises 4.61 pc, bags new deals worth USD 9.5 bn
    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
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    July 10, 2026
    Show AI Summary
    Personal loan interest rates and repayment tenure are shaped by credit profile, income, eligibility and repayment capacity.
    Collateral-free personal loans are offered with interest rates determined by the applicant's credit profile, income, repayment capacity, employment stability, existing obligations, loan amount, tenure and overall eligibility assessment. The loan product provides borrowing amounts from Rs. 40,000 to Rs. 55 lakh, repayment tenure from 12 months up to 108 months, and disbursal within 24 hours after approval and verification, subject to terms and conditions.
    July 10, 2026
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    Rupee strength against the US dollar reflects weaker greenback, softer oil prices and bank-led support amid market volatility.
    The rupee opened stronger against the US dollar in early interbank trade, supported by a weaker greenback, easing crude prices and a firm domestic equity market. Traders said dollar selling by state-run banks, widely viewed as intervention on behalf of the Reserve Bank of India, helped the currency move above the 95.50 level, while foreign institutional outflows and West Asia tensions continued to weigh on sentiment.
    July 10, 2026
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    Footwear quality control amendments extend stock clearance and permit limited R&D sample imports for manufacturers.
    Amendments to the footwear Quality Control Orders extend the legacy stock clearance timeline from 31 July 2026 to 31 July 2027 and create an exemption for import of footwear samples for research and development and other non-commercial purposes. Manufacturers may import up to 4,500 pairs annually, subject to prominent marking and embossing with "NOT FOR SALE", prohibition on commercial sale, disposal as scrap after use, and maintenance of year-wise records for production to the Government when required.
    July 9, 2026
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    Cancellation of registered sale deed follows admission of unpaid consideration and no possession in disputed land transaction.
    Cancellation of registered sale deed was ordered in a disputed land transaction, with the court declaring the conveyance void ab initio, inoperative from the beginning and of no legal effect. The court directed correction of registration records and held that the purchaser would have no right, title or interest in the property after cancellation. It recorded that execution was admitted, but consideration had not been paid and possession had never been delivered, while leaving open the possibility of refund of stamp duty if permissible under law.
    July 9, 2026
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    Artificial intelligence and forensic analytics are accelerating fraud restitution and complex money laundering investigations through better verification and tracing.
    Artificial intelligence-assisted tools are being deployed to identify rightful claimants in large-scale fraud cases, automate claims and disbursement, and improve verification, speed, and accuracy in asset restitution. Modern forensic technology and data analytics are also being used in complex money laundering and cross-border financial crime investigations involving shell companies, nominee directors, benami property chains, cryptocurrency wallets, mule accounts, offshore entities, and interlinked trusts.
    July 9, 2026
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    Rupee volatility and Reserve Bank of India intervention shape currency trading amid stronger dollar and crude oil pressures.
    The rupee appreciated marginally against the US dollar, supported by recovery in domestic equity markets and dollar selling by state-run banks, which market participants believed reflected Reserve Bank of India intervention. The currency remained pressured by firmer crude oil prices, a stronger greenback in overseas markets, and renewed geopolitical tensions in West Asia, with traders expecting elevated volatility to persist.
    July 9, 2026
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    AI-driven demand and backlog recovery shape TCS quarterly growth outlook amid margin pressure and strong deal wins.
    TCS reported a rise in June-quarter net profit and revenue, while saying demand was sluggish because of geopolitical disruption and some client deferrals. Management expects demand to resume in the ongoing quarter as customers work through a technology backlog. The company also cited AI-related investments, strong deal conversion, wage-driven margin pressure, continued hiring and attrition trends, and growth in India revenues alongside weaker performance in some geographies and business segments.
    July 9, 2026
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    Act East policy positions Tripura as a gateway to Southeast Asia, boosting trade, investment and regional connectivity.
    Tripura is described as emerging as a strategic gateway to Southeast Asia under the Act East policy, with the Northeast positioned as a growing engine of trade, investment and regional connectivity. The commentary highlights Tripura's location at the crossroads of connectivity and commerce, its access to the ASEAN market, and its readiness to attract long-term investment through expanding infrastructure and institutional support. The note also identifies sectoral opportunities arising from Tripura's strengths in bamboo and natural rubber, with potential for manufacturing, food processing, value addition, logistics, exports and technology-driven industries. Major connectivity and trade-enabling projects are presented as key initiatives supporting export access to Southeast Asia and the Bay of Bengal.
    July 9, 2026
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    Economic engagement and investment facilitation shape outreach to Chinese businesses as trade ties and pharmaceutical access are discussed.
    Indian diplomatic outreach to Chinese businesses has focused on facilitating deeper economic and commercial engagement with India, including support for Chinese investment opportunities as bilateral relations move toward normalisation. The embassy has indicated willingness to help investors navigate entry into the Indian market, address concerns, and provide greater assistance for investment facilitation, alongside recent easing of restrictions on Chinese investments. Trade discussions have also emphasized expanding Indian pharmaceutical exports to China and improving market access for Indian manufacturers of generic medicines.
    July 9, 2026
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    Government spending restraint curbs public expenditure and travel as inflation and growth pressures test macroeconomic stability.
    Bangladesh has introduced austerity measures to restrain government expenditure amid persistent inflation, slower growth and pressure on the banking system. The restrictions cover cuts in public spending, procurement of motor vehicles, air and water craft, and foreign travel by officials. The directive applies across ministries, agencies, autonomous bodies, state-owned enterprises, statutory organisations, public sector corporations, state-owned companies and financial institutions to ensure prudent use of limited public resources and support macroeconomic stability.
    July 9, 2026
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    AI-led transformation and strong deal wins drive TCS quarterly growth despite margin pressure and mixed geographic performance.
    TCS reported higher quarterly net profit, revenue and net income for the June 2026 quarter, while operating margin declined due to wage hikes and fresh investments. The company said growth was supported by demand for AI-led transformation, modernisation, cybersecurity, sovereign cloud and platform simplification, and disclosed new deals with a total contract value of USD 9.5 billion, including a major AI-led transformation engagement.
    July 9, 2026
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    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.
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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.

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      Customs & Trade

      India says US approach to forced labour tariffs inconsistent; exempts 1,600 items it needs

      July 9, 2026

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      Washington, Jul 9 (PTI) India has flagged inconsistencies in the US approach to tariffs at a public hearing on the US Trade Representative's (USTR) proposal to impose levies on goods linked to forced labour.

      Testifying before a USTR panel on Wednesday, Brij Mohan Mishra, Joint Secretary in the Ministry of Commerce, pointed out that the US exempts 1,600 items that cannot be produced or grown within the country from scrutiny of forced labour.

      "What we submit is that the exemptions provided by the USTR not only undermine the policy rationale of addressing forced labour impact in the global supply chain but also of preventing such impact caused by circumvention practices," Mishra said, in response to questions from the USTR panel.

      He also flagged that the US levies reduced tariff rates on exports of textile products manufactured using US cotton and related items.

      "By providing reduced tariff rates on the basis of imports of US-origin textile inputs, the textiles mechanism operates as an arbitrary requirement that influences and constrains the sourcing decisions of foreign manufacturers, without fully addressing the concern of forced labour," Mishra said.

      At the same time, he said India remained open to dialogue, and all concerns need to be dealt with in the framework of the India-US bilateral trade negotiations and not in a specific unilateral manner as is being provided in the Section 301 investigations.

      Representatives of industry bodies FICCI and CII also presented their views on the US proposal to impose tariffs ranging from 10 to 12.5 per cent on imports from 60 economies that Washington says have failed to prevent goods made with forced labour from entering global supply chains.

      "An additional tariff will increase costs not only for Indian exporters, but also for US manufacturers, importers, retailers and ultimately American consumers," Poornima Shenoy, FICCI representative in the US, said in her testimony before the USTR panel.

      She said many US industries rely on long-standing sourcing relationships with Indian suppliers because they deliver products of quality, reliability and ensure full compliance.

      "Higher tariffs for these established supply chains will raise costs for businesses that already follow compliance standards. It will not help in identifying goods produced with forced labour. It would simply make trusted supply chains more expensive," Shenoy said.

      In its counter to the proposed tariffs, CII representative Suchita Sonalika said India's policy framework does not qualify as 'unreasonable' or 'discriminatory' under Section 301(b) of the Trade Act of 1974.

      Sonalika also asserted that India has a robust constitutional and statutory framework that ensures Indian companies cannot practice forced labour.

      The USTR launched two separate Section 301 investigations on March 11 and 12, 2026, covering 60 economies over concerns related to forced labour and excess industrial capacity.

      On June 3, the USTR issued its findings in the forced labour investigation and proposed additional tariffs on imports from 54 economies.

      India has also submitted that the USTR has failed to meet the evidentiary requirements to establish how the absence of bans in these countries conclusively or substantially distorts market conditions and undermines the profitability of compliant firms.

      "India submits that a mere absence of a forced labour import prohibition, without meeting the evidentiary basis of other statutory requirements, cannot be construed as "unreasonable" within the meaning of Section 301 of the Act," it added.

      The country has stated that the USTR has not undertaken an economy-specific analysis of laws and practices across the 60 investigated economies; instead, it has issued a sweeping determination that all such approaches are inadequate without considering the specific measures being implemented by the economies.

      "In relation to India, there is inadequate and insufficient evidence that the lack of a forced labour import ban causes an alleged unfair comparative advantage to the detriment of the US industry. Evidence across sectors of major exports of India to the US does not suggest any linkage with forced labour inputs," it added. PTI SKU HVA

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