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    Landing, parking charges waiver at major airports for airlines unlikely to continue
    Forged GST bills, rural bank accounts aided India-Myanmar betel nut racket: ED
    Rupee falls 25 paise against US dollar
    Department of Commerce Organises Chintan Shivir on Opportunities for Seafood Sector under India-EFTA TEPA
    NSE targets to launch Rs 30,000-cr IPO in September
    Union Minister of Commerce and Industry Shri Piyush Goyal says technology-enabled bilingual management education can bridge the rural-urban divide and...
    Rupee falls 20 paise to close at 95.38 against US dollar
    Two held for running inter-state fake identity documents racket through website
    Gold slips Rs 150, silver drops Rs 5,000 as strong US dollar dents bullion demand
    Techstars and Emirates NBD partner to accelerate enterprise-grade AI and FinTech solutions across the MENAT region
    AU Small Finance Bank Launches Full Range of Savings Accounts for Every Customer Segment
    Rupee falls 10 paise to 95.28 against US dollar in early trade
    APEDA Facilitates First Export Shipment of Areko Cherries and Scentrose Plums from Jammu & Kashmir to UAE
    Union Minister of Commerce and Industry Shri Piyush Goyal Assures Modern Testing Facilities for Toy Manufacturing Clusters Across India
    India-Israel Bilateral Investment Agreement (BIA) comes into force
    DRI seizes over 1 lakh bottles of Codeine-based cough syrup in two separate operations in Tripura and West Bengal; one person arrested
    Govt withdraws emergency gas curbs imposed during Hormuz disruption as LNG supplies normalise
    Ketan Agarwal murder probe: Siya told friend marriage 'not going to take place', say police
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    July 6, 2026
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    Landing and parking charges waiver for domestic flights at major airports is reported to have lapsed without extension.
    Landing and parking charges at major airports were reduced by 25 per cent for domestic flights for a three-month period under the civil aviation ministry's directive, implemented by AERA in response to West Asia turmoil and related airline financial stress. Airport operators have not received any extension order, and the reduced aeronautical tariff is reported to have lapsed.
    July 6, 2026
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    Forged GST invoices and hawala routing allegedly enabled a border smuggling and money-laundering network for areca nut trade.
    An alleged organised syndicate smuggled foreign-origin areca nut across the India-Myanmar border and channelled the proceeds through a laundering network using forged GST invoices, bogus supplier and buyer entities, false transport documents and hawala routes. The alleged operation involved suppliers in Mizoram, facilitators in Assam, consignees and financiers in West Bengal and Uttar Pradesh, and an invoicing entity in Kolkata said to have enabled circular trading. The investigation, conducted under the Prevention of Money Laundering Act, involved multi-state searches and the seizure or freezing of diaries, title deeds, property documents, cash and bank accounts.
    July 6, 2026
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    Rupee depreciation against the US dollar reflects dollar strength, rate-hike expectations, and foreign exchange reserve pressures.
    The rupee depreciated against the US dollar as the strengthening greenback weighed on emerging market currencies, despite firm domestic equities and softer crude oil prices. Market participants cited expectations of a further US rate hike, importer hedging demand, and dollar strength as key influences. The report also noted foreign institutional inflows into equities and observed that fresh inflows may support reserve rebuilding rather than allowing the rupee to appreciate sharply. India's foreign exchange reserves declined in the latest weekly update after a prior increase.
    July 6, 2026
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    India-EFTA TEPA expands seafood market access through tariff concessions, export facilitation, and new investment opportunities for exporters.
    India-EFTA TEPA is described as a trade and investment framework that expands market access for Indian seafood exporters through tariff concessions, export facilitation, regulatory alignment and investment collaboration. The agreement is said to support technology transfer, joint ventures and opportunities across the seafood value chain, while discussions focused on compliance requirements, quality standards and strategies for strengthening exports to EFTA markets.
    July 6, 2026
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    Offer for sale drives NSE's planned public issue, with major shareholders set to divest equity.
    The National Stock Exchange is targeting a large initial public offering in September through an offer for sale of 14.89 crore equity shares, with existing shareholders proposed to divest nearly 6 per cent of the exchange's equity. The issue is expected to value the exchange at over Rs 5 lakh crore, and the exchange is preparing for the public issue by beginning roadshows and appointing merchant bankers, legal advisers and other intermediaries. Major selling shareholders include several institutional investors and public sector entities, while Life Insurance Corporation of India is not participating in the share sale.
    July 6, 2026
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    Bilingual management education expands access through digital learning, hybrid teaching and practical industry exposure for students.
    Technology-enabled bilingual management education was presented as a means of widening access to quality education and reducing the rural-urban divide through an online bilingual BBA programme in Hindi and English. The programme was said to extend management education through digital platforms while maintaining accountability through offline examinations. Strengthening measures included regular physical interaction, soft-skill development, experiential learning through factory, port and industrial-cluster visits, and adoption of global best practices, including digital tools, credit transfers, joint programmes and research internships.
    July 6, 2026
    Show AI Summary
    Rupee depreciation against the US dollar reflects a stronger greenback, rate-hike expectations, and range-bound trading.
    The rupee depreciated against the US dollar amid a firmer greenback and broader pressure on emerging market currencies, closing at 95.38 after trading within a narrow intraday range. Market commentary attributed the movement to expectations of a further US rate hike, while domestic equity strength and lower crude prices provided some support. Foreign exchange conditions were also influenced by developments in India's external buffers, with forex reserves declining in the latest reporting week after a prior increase.
    July 6, 2026
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    Forged identity documents racket allegedly used websites, digital wallets, and fake QR codes to produce counterfeit government records online.
    An inter-state racket allegedly used websites to prepare and sell forged government identity documents after online payment, including Aadhaar cards, voter identity cards, PAN-related documents, residence certificates, caste certificates, birth and death certificates, and similar records. The portal allegedly let users recharge a digital wallet, enter fictitious details, and upload photographs to generate documents resembling genuine government-issued identity papers, with QR codes that were not linked to the official database.
    July 6, 2026
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    Bullion prices ease as a stronger dollar and Fed rate expectations weigh on gold and silver demand.
    Gold and silver prices declined in domestic and overseas markets as a firmer US dollar, weak bullion demand and broader global cues prompted traders to trim positions in precious metals. The outlook remained cautiously positive on easing inflation and weak US jobs data, but expectations of elevated interest rates were noted as a constraint on any sharp upside in bullion prices.
    July 6, 2026
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    AI and FinTech partnership accelerates enterprise banking solutions through a direct startup pathway into regional financial services.
    Strategic partnership between Emirates NBD and Techstars to accelerate enterprise-grade AI and FinTech solutions across the MENAT region through an Acceleration-to-Enterprise model. The collaboration integrates selected startups into the bank's regional ecosystem and uses its analytics and cloud-native infrastructure to support deployment in enterprise banking, with focus on compliance, wealth management, SME banking and capital markets.
    July 6, 2026
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    Digital savings account offerings expand customer choice with paperless onboarding, Video KYC, monthly interest payouts and flexible banking access.
    AU Small Finance Bank has introduced a full range of savings account products for different customer segments, with options such as AU Digital, AU Royale, AU Platinum, AU Value, AU Vikaas, AU Swadesh, AU Kids and AU Kisan. The offering centres on digital convenience, paperless account opening, Video KYC, mobile and net banking access, debit card choices, competitive interest rates and monthly interest payouts. The accounts remain subject to eligibility, internal policies and applicable terms and conditions, and deposits are covered under DICGC up to the prescribed limit.
    July 6, 2026
    Show AI Summary
    Rupee weakness against the US dollar reflects dollar strength, reserve rebuilding by the central bank, and persistent market caution.
    The rupee weakened in early trade against the US dollar, opening lower and trading at 95.28 after a decline of 10 paise, as broad dollar strength in overseas markets weighed on the currency. Market participants said the central bank is likely to use fresh foreign inflows to rebuild reserves rather than allow excessive appreciation. India's foreign exchange reserves also declined in the latest weekly reporting period after earlier pressure on the rupee had led to intervention through dollar sales.
    July 6, 2026
    Show AI Summary
    Export promotion of premium Kashmir cherries and plums opens new overseas market access for growers.
    APEDA facilitated the first export shipment of premium Areko cherries and Scentrose plums from Jammu & Kashmir to the United Arab Emirates, highlighting the export potential of the region's horticultural produce. The shipment from Shopian and Pulwama was presented as a market-access initiative for premium Indian fruits, supported by export promotion, quality enhancement, buyer outreach and export facilitation measures. The initiative was linked to better price realisation, wider adoption of export-oriented production practices and stronger global presence for fresh fruit exports.
    July 6, 2026
    Show AI Summary
    Toy manufacturing quality upgrade gains momentum through modern testing, technology adoption and export market expansion.
    Modern testing facilities are to be established across toy manufacturing clusters through BIS, the National Test House and other laboratories, with industry expected to identify the equipment needed for quality certification. Toy manufacturers are urged to upgrade production through CAD-CAM, CNC machining, modern machinery and continuous process improvement, alongside skill development centres, partnerships with ITIs and public-private Centres of Excellence. Export expansion is linked to Free Trade Agreement market access, overseas delegations, exhibitions, branding initiatives and warehousing support abroad under the Export Promotion Mission.
    July 6, 2026
    Show AI Summary
    Investment protection framework deepens India-Israel economic ties while preserving sovereign policy space for public objectives.
    The India-Israel Bilateral Investment Agreement has entered into force, establishing an investment protection framework between India and Israel. It is presented as strengthening bilateral economic relations and providing a secure and predictable investment climate for cross-border investment. The agreement is described as protecting investors and their investments while preserving sovereign policy space for legitimate public policy objectives, reflecting modern international investment law.
    July 6, 2026
    Show AI Summary
    Codeine-based cough syrup seizures expose concealment methods used in narcotics trafficking networks under the NDPS Act.
    Large quantities of codeine-based cough syrup were intercepted and seized in coordinated anti-smuggling operations in Tripura and West Bengal under the NDPS Act, 1985. The consignments were concealed inside metallic and iron drums beneath cover cargo, including powdery substance and china clay powder, to evade detection during transport and storage. The operations involved recovery from a train parcel van and a warehouse, with one person arrested after arriving to take delivery of the consignment.
    July 5, 2026
    Show AI Summary
    Emergency natural gas supply curbs withdrawn as LNG shipments through the Strait of Hormuz resume after ceasefire.
    Withdrawal of emergency natural gas supply restrictions followed the normalisation of LNG shipments through the Strait of Hormuz after a ceasefire and the resumption of maritime traffic. The Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026 by omitting key operational provisions of the March emergency framework, which had been issued under the Essential Commodities Act in response to disruption of West Asia LNG supplies and supplier force majeure declarations. The omitted provisions had authorised government direction and diversion of domestic gas, imported LNG and regasified LNG to priority consumers and had overridden existing gas sale agreements and related commercial contracts.
    July 5, 2026
    Show AI Summary
    Murder investigation centres on a Snapchat message allegedly showing prior knowledge that the planned wedding would not happen.
    Police investigating the alleged murder of Ketan Agarwal said they found a Snapchat message purportedly sent by Siya Goyal in May stating that her marriage to Agarwal would not take place, while also asking for an Aadhaar card copy for wedding ticket bookings. Investigators said the message is being verified, and the friend who received it may be questioned to determine whether she had any prior knowledge of a conspiracy to eliminate Agarwal.
    July 4, 2026
    Show AI Summary
    Murder investigation centers on a Snapchat message suggesting the planned marriage was not to happen and may show prior conspiracy.
    Police investigation in the alleged murder of a Pune realtor has reportedly brought to light a Snapchat message said to have been sent by the accused, indicating that her scheduled marriage would not take place while also referring to travel arrangements for the wedding. The message is being examined for authenticity, and investigators are questioning a friend to determine whether she had any prior knowledge of a possible conspiracy to eliminate the victim.
    July 4, 2026
    Show AI Summary
    Free trade negotiations face market access hurdles as India advances talks with Canada, Israel and the EU framework.
    Negotiations for the proposed India-Peru free trade agreement remain stalled because of concerns over market access in sensitive products, especially duty concessions on gold. Talks with Canada are progressing under the Comprehensive Economic Partnership Agreement framework, with officials aiming to conclude the pact within the next six months or so. Negotiations with Israel are continuing more slowly because of the West Asia crisis, while the India-EU Trade and Technology Council is being used as a complementary mechanism to support implementation of the concluded trade pact.

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      Customs & Trade

      Sonalika Marks 30-Year Milestone with 20 Lakh Tractor Production at Hoshiarpur Manufacturing Plant

      July 11, 2026

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      More than a production milestone, the 20 lakhth tractor represents Sonalika’s commitment towards empowering farmers with ‘Jeetne ka Dum’ and creating sustainable value across rural communities.

      Hoshiarpur (Punjab) [India], July 11: India’s No.1 tractor export brand Sonalika Tractors recently celebrated the grand rollout of its 20 lakhth tractor from its World’s Largest Integrated Tractor Manufacturing plant in Hoshiarpur, Punjab. The new achievement commemorates a powerful chapter in the company’s 30-year glorious legacy of developing farmer-centric solutions powered by world-class innovation and reinforces its position among the world’s leading tractor manufacturers.

      Ever since rolling out its 1st tractor 30 years ago in 1996, Sonalika has consistently strengthened its capabilities to challenge industry benchmarks and put the small non-industrial town of Hoshiarpur on the world map. The company gradually built a complete business ecosystem of manufacturing support partners in the area, and today, the town of just 18 lakh has evolved into a global manufacturing hub for Sonalika Tractors. From manufacturing just 2 tractors a day during its inception days, the brand has come a long way, now rolling out a brand new tractor every 2 minutes that fulfils the growing needs of farmers in India, the world's largest tractor market, as well as meet export commitments across 150+ countries.

      Maintaining the highest quality standards remains paramount for Sonalika, which consistently leverages its advanced automation processes powered by robotics and automation. Every Sonalika tractor undergoes comprehensive rounds of testing and validation to meet the highest standards of performance, durability, and reliability that farmers can trust throughout the lifecycle of ownership. A remarkable symbol of the brand’s sheer scale of manufacturing prowess is that the facility is fully equipped to manufacture every part in-house that goes into making powerful tractors.

      Sharing his thoughts during the celebration ceremony, Dr. Amrit Sagar Mittal, Vice Chairman, International Tractors Limited, said, “It is an emotional moment for us as we celebrate the legacy-defining 20 Lakhth tractor production milestone at our World’s Largest integrated tractor manufacturing plant at Hoshiarpur, Punjab. What began as a bold vision has evolved into a symbol of India's manufacturing excellence and our technological capability in a town with just over 18Lac population. It is a celebration of a belief that has guided us for 30 years: the prosperity of farmers is the foundation of a stronger nation. This achievement belongs to millions of farmers who have trusted us, and inspire us to continue building an even brighter future for agriculture." Dr. Deepak Mittal, Managing Director, International Tractors Limited, said, “The roll-out of our 20 Lakhth tractor strongly emphasizes Indian engineering expertise and on how far it can travel across diverse geographies and agri conditions when driven by vision, innovation, and execution excellence. What began in Hoshiarpur three decades ago today powers farmers across 150+ countries, establishing Sonalika as a globally respected brand and India's No.1 tractor export brand. While we take pride in this achievement, we remain focused on accelerating growth, deepening our international footprint, and creating the next chapter of global leadership powered by innovation, agility, and execution excellence." Speaking at the production milestone ceremony held at Hoshiarpur plant, Mr. Raman Mittal, Joint Managing Director, International Tractors Limited, said, “From forging the raw steel at our plant to conquering the toughest terrains on earth with our tractors, every heartbeat of our factory is fuelled by the spirit that no matter how far we grow, our purpose remains deeply rooted to ensure prosperity of the hands that feed the world. By 100% manufacturing everything in-house, every tractor we roll out carries the strength of our in-house capabilities and the precision of world-class technology that together deliver the spirit of 'Jeetne Ka Dum' to farmers. We broke the boundaries of what a small town could achieve, and we will not stop until every farmer is armed with the absolute best of Indian engineering. We are even more determined to power the next chapter of farmers’ growth and committed to 'Powering Dreams: From Hoshiarpur to the World'." About Sonalika Tractors: Founded in 1996, Sonalika Tractors is the No.1 tractor export brand from India and one of the leading tractor brands in the country. Guided by its philosophy of ‘Jeetne Ka Dum’, Sonalika has grown from Hoshiarpur, Punjab, into an impossible Indian success story that is globally respected with a presence across 150+ countries.

      Sonalika operates the world’s largest integrated tractor manufacturing plant that delivers high-performance tractors engineered for diverse farming applications and conditions. The company is a proud Fortune 500 India organisation among India's largest 500 companies, recognised for its manufacturing excellence, technology leadership, and farmer-first approach. The brand continues to be the pioneer in the tractor industry to introduce price transparency for farmers by publicly announcing tractor prices and service costs on its website.

      Sonalika is celebrating 30 glorious years in 2026 of empowering farmers, strengthening rural prosperity, and amplifying India’s leadership in the global farm mechanisation landscape.

      (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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