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    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
    APEDA Facilitates Commercial Export of Amrapali Mangoes from Jharkhand to Dubai
    ECLGS 5.0 Crosses 4.11 Lakh Guarantees with guaranteed amount reaching over ₹1.55 Lakh Crore
    HCLTech achieves ISO/IEC 42001:2023 Certification demonstrating leadership in Responsible AI
    Moongipa Capital Finance Unveils Its Next Growth Chapter with Digital Transformation and Entry into Electric Vehicle Financing
    IIFL Finance Says Co-Lending Can Accelerate India's Last-Mile Credit Delivery
    Union Minister of Commerce and Industry Shri Piyush Goyal calls upon leather and footwear industry to target at least USD 15 billion in exports in nex...
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    July 8, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    July 7, 2026
    Show AI Summary
    Digital lending and electric vehicle financing drive Moongipa Capital Finance's strategic expansion and technology-led growth.
    Moongipa Capital Finance Ltd., an RBI-registered NBFC-ICC, has announced a strategic expansion centred on digital transformation and entry into electric vehicle financing. The company is strengthening its lending model through a technology-enabled ecosystem intended to support faster credit decisions, paperless onboarding, workflow automation, loan origination, servicing, and customer engagement, while stating that underwriting, pricing, compliance, and credit approval remain its own responsibility in line with RBI Digital Lending Guidelines.
    July 7, 2026
    Show AI Summary
    Co-lending and financial inclusion can expand affordable credit, improve last-mile delivery and support underserved borrowers.
    Co-lending between banks and NBFCs is presented as a mechanism for expanding affordable formal credit to underserved borrowers and advancing financial inclusion. The framework is said to combine banks' low-cost capital and balance-sheet strength with NBFCs' local market knowledge and last-mile distribution, improving access, speeding disbursement and reducing dependence on informal finance. The RBI's co-lending framework is described as providing clarity on governance, risk-sharing and customer protection.
    July 7, 2026
    Show AI Summary
    Leather and footwear exports urged to grow through FTAs, market diversification, stronger standards and sustainability.
    Leather and footwear exporters are urged to pursue three-fold growth and raise exports to at least USD 15 billion by using Free Trade Agreements, diversifying destination markets and strengthening quality, design, branding, sustainability and scale. The sector is also encouraged to deepen institutional and technical capabilities through leather development centres, design and packaging institutions, quality and standards bodies, and advanced testing laboratories, while improving worker training, product standards, safe manufacturing and sustainability.

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      Customs & Trade

      HIGHLIGHTS

      July 12, 2026

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      New Delhi, Jul 12 (PTI) Following are the top stories at 1.10 pm: NATION DEL10 CJP-PROTEST-DAY 23 (12.44 PM)

      CJP protest day 23: Wangchuk's health worsens as fast enters 15th day New Delhi: Educator and climate activist Sonam Wangchuk's health deteriorated further on Sunday as his indefinite hunger strike entered the 15th day, with doctors reporting a further drop in his blood pressure and a total weight loss of 7.8 kg since the fast began.

      DEL13 CBI-TWISHA-REPORT (1.08 PM) Twisha Sharma death case: CBI studying final forensic report submitted by AIIMS Delhi New Delhi: The CBI is studying the final forensic report submitted to the agency by an AIIMS Delhi medical board on the death Twisha Sharma - an ex-model found hanging at her marital home in Bhopal in May - which concluded that a gymnastics belt could have been used in the incident, officials said.

      MDS4 AP-VIETNAM BOAT-CM (11.50 AM)

      Andhra CM directs officials to speed up repatriation of Vietnam boat tragedy victims Amaravati: Andhra Pradesh Chief Minister N Chandrababu Naidu on Sunday reviewed with officials the assistance being extended to the victims of the Vietnam boat accident and directed them to make swift arrangements to bring the affected tourists back home.

      DEL8 PB-SATLUJ-BITTU (12.16 PM)

      ‘Satluj’ row: Punjab's painful past can't be edited selectively to suit narrative, says Ravneet Bittu Chandigarh: The makers of the Diljit Dosanjh-starrer film ‘Satluj’ cannot hide behind the narrative of “creative freedom” while presenting “disputed claims as established history”, Union minister Ravneet Singh Bittu said on Sunday.

      MDS5 KL-LANDSLIDE-LD SEARCH (12.46 PM)

      Wayanad landslide: One more body recovered; suspected to be of missing engineer Wayanad (Kerala): One more body, suspected to be that of the engineer who went missing after the July 7 landslide at the tunnel project site in Kalladi, Wayanad, was recovered during a massive search operation on Sunday, officials said.

      CAL6 JH-CONG-LD MARATHON (12.36 PM)

      Congress organises students' marathon in Ranchi to protest exam paper leaks Ranchi: The Congress' youth wing held a marathon run event here on Sunday to raise awareness among people about examination paper leaks and the alleged failures of the Union government in the education sector.

      BOM3 MH-BUILDING COLLAPSE-TOLL (9.28 AM)

      Pune building collapse: Toll up at 9 as last body recovered; official dubs incident 'act of God' Pune: Rescue teams recovered the body of the last missing person in the Moshi waste processing unit collapse near Pune in the wee hours of Sunday, taking the death toll in the tragedy to nine, officials said.

      LEGAL LGD2 SC-SEBI-SAHARA (11.33 AM)

      OFCD case: SC to hear SEBI's plea against SAT relief to SICCL managers on Monday New Delhi: The Supreme Court is scheduled to hear on July 13 a plea by the Securities and Exchange Board of India (SEBI) challenging a part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd (SICCL).

      LGD4 SC-AIRFARES (12.05 PM)

      SC to hear on Jul 13 plea seeking guidelines to curb 'unpredictable fluctuations' of airfares New Delhi: The Supreme Court is scheduled to hear on July 13, a plea seeking regulatory guidelines to control the "unpredictable fluctuations" in airfares and ancillary charges imposed by private airlines in India.

      BUSINESS DEL6 BIZ-INDIA-RUSSIAN-OIL (10.17 AM)

      India's Russian crude imports hit record in Jun even as Moscow's oil revenues slip New Delhi: India's imports of Russian crude oil surged to a record high in June, rising 34 per cent from the previous month despite a decline in Russia's overall oil export revenues, according to a report by the Centre for Research on Energy and Clean Air (CREA).

      FOREIGN FGN26 CHINA-TYPHOON (10.26 AM)

      China issues red alert for rainstorms as Typhoon Bavi makes landfall Beijing: Nearly two million people have been evacuated in eastern China as Typhoon Bavi made landfall, bringing strong winds and heavy rain to the region, officials said. By K J M Varma

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