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    India, Maldives conclude talks for investment treaty; legal scrubbing of text on
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    Gong Opens in Bandra as Speciality Restaurants Limited Unveils Its New-Age Pan Asian Flagship in Mumbai
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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
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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
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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
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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
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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
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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
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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.
July 7, 2026
Show AI Summary
Export market access boosts women-led horticulture in Jharkhand through APEDA-facilitated Amrapali mango shipments to Dubai.
APEDA facilitated the commercial export of Amrapali mangoes from Jharkhand to Dubai through women-led Farmer Producer Companies, connecting tribal and rural producers with overseas retail markets. The export was supported by coordinated participation of APEDA, state and district administrations, exporters and development institutions, and was accompanied by capacity-building on international quality standards, post-harvest handling, export procedures and institutional awareness for export readiness.
July 7, 2026
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Risk-mitigation credit support under ECLGS 5.0 boosts liquidity for MSMEs and other businesses.
Emergency Credit Line Guarantee Scheme 5.0 provides risk-mitigation support to lending institutions for extending additional credit to businesses affected by external geopolitical disruption. The scheme offers 100% guarantee coverage for additional loans to MSMEs and 90% coverage for other business segments, with the objective of improving liquidity, easing cash-flow disruption, and enabling member lending institutions to lend with greater confidence. A nationwide outreach programme is also underway to improve awareness and support implementation.
July 7, 2026
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Responsible AI governance gains momentum as HCLTech secures ISO/IEC 42001:2023 certification for enterprise AI management.
HCLTech obtained ISO/IEC 42001:2023 certification for its Enterprise Artificial Intelligence Management System, covering AI lifecycle processes and AI-enabled services. The certification validates a Responsible AI framework focused on governance, risk management, transparency, fairness, accountability and continuous improvement, and is said to align with evolving global regulatory requirements, including the EU AI Act.

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Ethanol programme saved Rs 1.90 lakh cr in forex since 2014-15, says govt amid row over E20 fuel

July 10, 2026

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New Delhi, Jul 10 (PTI) The government on Friday defended the ethanol-blended petrol programme amid concerns over engine damage and mileage loss in vehicles using ethanol-blended fuel, saying the scheme has helped the sugar economy, boosted farmers’ incomes and saved the country over Rs 1.90 lakh crore in foreign exchange since 2014-15.

Addressing a conclave organised by the Grain Ethanol Manufacturers Association (GEMA), Joint Secretary in the food ministry Ashwani Srivastava said ethanol has become central to the agricultural economy by creating new markets for surplus crops and reducing India's dependence on imported crude oil.

Ethanol-blended petrol (EBP) programme has resulted in saving of more than Rs 1.90 lakh crore of foreign exchange with the substitution of more than 310 lakh tonnes of crude oil from ethanol supply in 2014-15 up to 2026. Besides, it has also led to a net CO2 reduction of approximately 930 lakh tonne, he said.

Srivastava said the EBP programme, which began with sugarcane-based ethanol, has ensured timely payments to cane growers and made the sugar industry more financially viable, with arrears owed to sugarcane farmers now at their lowest level ever.

He said between 2014-15 and 2020-21, the Centre disbursed about Rs 14,600 crore in subsidies to sugar mills, including export subsidies to clear surplus stock. However, no such export subsidy has been required since 2021-22, as mills now divert surplus sugar towards ethanol production, he said.

Srivastava said maize has emerged as the largest feedstock for ethanol production, accounting for 47 per cent of supplies to oil marketing companies in 2024-25 and 36 per cent so far in the current supply year, up from traditional sugarcane-based feedstock. This has helped maize farmers get better realisation for their crop, he said.

He said India's ethanol production capacity has grown from about 21 crore litres in 2013-14 to around 2,000 crore litres currently.

With crude oil prices rising amid the Middle East crisis, the 20 per cent ethanol blending has helped save foreign exchange, substituting more than 310 lakh metric tonnes of crude oil since 2014-15 and cutting net CO2 emissions by about 930 lakh metric tonnes, he said.

Srivastava also referred to a recent Cabinet decision to reduce the permissible broken-grain content in rice supplied under the Pradhan Mantri Garib Kalyan Anna Yojana from 25 per cent to 10 per cent. He said the additional broken rice generated during milling would be available in the open market for industrial use, including ethanol production, while ensuring better-quality rice for over 50 crore PDS beneficiaries.

He said the government's push for flex-fuel vehicles (FFVs), capable of running on ethanol blends from E20 to E100, along with the planned roll-out of E85 fuel, would give consumers flexibility and further support the ethanol blending programme.

Meanwhile, GEMA President C K Jain said the ethanol programme was approved only after extensive research and was not a hurried decision.

He said research on the E20 blend was carried out over four years, from 2014 to 2018, during which vehicles were driven 200,000 km on conventional fuel and another 200,000 km after switching to E20.

"The result showed that E20 is safe for all engines. Then it was executed and implemented after technical studies, pilot projects, policy discussions, and not in haste," Jain said.

He said discussions on the issue should be based on facts and not misconceptions. "There should always be healthy discussions, but the discussions should be on facts, not myths," he said.

Jain said the biggest challenge facing the sector currently is not production but perception, noting that India has invested Rs 14 billion in ethanol production, compared with USD 5-6 billion spent by the US on sugarcane cultivation.

He also called for clarity on the road map beyond E20, saying this would help improve farmer productivity. PTI LUX HVA HVA

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