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    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...
    Press Note on release of the Report of the Expert Committee on Energy Statistics
    IIM Udaipur Virtually Launches BBA Program
    IDFC FIRST Bank goes live on the Employees’ Provident Fund Organisation (EPFO) platform
    2 months after arrest, Nashik court grants bail to TCS staffer Nida; no relief for co-accused
    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...
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    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
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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
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    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
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    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.
    July 7, 2026
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    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
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    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
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    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.
    July 7, 2026
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    Energy statistics harmonization advances with new methodologies for coal, biofuels, captive electricity and electric vehicle data gaps.
    Strengthening India's energy statistics framework requires harmonized definitions, classifications, conversion factors and estimation methods across line ministries to improve consistency, comparability and international alignment. The committee recommended adoption of standard industrial and energy-product classifications, along with uniform conversion factors, for collection and dissemination of energy statistics, and proposed methodologies to refine sectoral end-use consumption estimates for coal and electricity using the Annual Survey of Industries database. The report further identified significant gaps in biofuel consumption data and in capturing electricity consumption through captive or off-grid modes and by electric vehicles. For these areas, it proposed initial methodological frameworks to be refined for incorporation into the energy-balance database.
    July 7, 2026
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    Bilingual online management education expands access while preserving academic rigour through structured learning and accountable evaluation.
    IIM Udaipur virtually inaugurated its BBA Program as a bilingual, online-enabled management education initiative designed to widen access while maintaining academic rigour. The program combines digital delivery with offline examinations, faculty-led structured learning, regular assessment and scholarship support, and was presented as a model for accessible yet high-quality management education.
    July 7, 2026
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    Provident fund payment integration streamlines digital statutory compliance through EPFO portal transactions and instant challan confirmation.
    IDFC FIRST Bank has been integrated with the Employees' Provident Fund Organisation platform to facilitate provident fund payments through its retail and corporate internet banking channels. The arrangement enables establishments to create challans on the EPFO portal, select the bank as payment option, complete transactions digitally, and obtain real-time confirmation and instant challan downloads for reconciliation and record-keeping.
    July 6, 2026
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    Bail in sexual harassment and forced conversion allegations turns on grave accusations, witness tampering risk, and coercion claims.
    Bail proceedings arose from allegations of sexual harassment, deceitful sexual relations, caste-based abuse, and attempts to coerce religious conversion against employees connected with a TCS unit in Nashik. One accused was granted bail, another was denied bail on the ground that the accusations were grave and that the possibility of tampering with evidence, intimidating witnesses, or fleeing from justice could not be ruled out; a reasoned order on the woman accused's bail was not available in the text, though she had sought bail on the ground of pregnancy.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Customs, DGFT & SEZ

      DRI busts several wildlife trafficking networks across India operations

      July 14, 2026

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      Over 440 endangered/protected wild life animals and about 15 kg in ivory articles and elephant ivory seized in coordinated operations across country; 33 arrested

      In a series of intelligence-driven pan-India operations against illegal wildlife trafficking, Directorate of Revenue Intelligence (DRI) has seized 440 endangered/protected wild life animals and about 15 kg in ivory articles and elephant ivory in coordinated operations across country; and arrested 33 persons involved in wildlife trafficking.

      On 10.07.26, officers of DRI intercepted persons engaged in the illegal trade of elephant ivory near Sujangarh, Rajasthan. The operation resulted in the recovery and seizure of about 11 kg elephant ivory. Four persons were apprehended and, were handed over to the Forest Department along with the seized ivory, for further action under the Wildlife (Protection) Act, 1972. The Indian elephant (Elephas maximus) is listed under Schedule I of the Wildlife (Protection) Act, 1972, which prohibits trade in elephants and their derivatives. Commercial trade in ivory is also prohibited in India in line with its obligations under CITES, and the import and export of ivory are prohibited under the Foreign Trade Policy.

      Earlier, in Howrah, DRI officers, apprehended two persons and seized two idols of deities made of ivory, which were suspected to have been smuggled into India from Bangladesh.

      In another operation at Mysuru, Karnataka, DRI officers seized 4 kg elephant ivory and apprehended three persons involved in its illegal trade before handing them over to the Forest Department for further action.

      On 7th-8th July, 2026, an interstate wildlife trafficking syndicate was busted at multiple locations across Maharashtra and West Bengal. This was a first-of-its-kind of large joint operation conducted by the DRI, Mumbai, and the CBI, Economic Offences Branch (EOB), Mumbai, with the support from the Wildlife Crime Control Bureau (WCCB). During the operation, several wildlife species listed under Schedule I of the Wildlife (Protection) Act, 1972, namely, 15 Slow Lorises, 2 Binturongs, 28 Star Tortoises, 6 Egyptian Vultures and 2 Shikra birds were recovered and rescued. The intelligence in the case was developed by DRI and the matter is now being investigated by CBI.  Six accused persons were apprehended and subsequently arrested by the CBI.

      In some other instances, DRI has successfully foiled multiple attempts to smuggle protected wildlife into India through international airports by passengers arriving from Bangkok, Kuala Lumpur and Colombo. In which species like Albino Red eared Turtle, Hypo zero Bearded Dragon, African spurred tortoise, Borneo python, Green iguana, Mangrove monitor lizard, Argentine black and white tegu, Goeldi’s marmoset, Yellow cheeked gibbon, Indonesian blue tongued skink, Siamang Gibbon, Woolley monkey, Silvery lutung, Yellow belly Ball Python, Pastel ball python etc. have been seized and rescued.

      DRI’s coordinated operations in Bengaluru, Warangal, Pune, Surat, Chennai, Kolkata, Trichy, Madurai, Srikakulam, Hojai (Assam), Rajasthan, Mysuru, and Howrah, have led to the seizure and recoveries of wildlife products including, pangolin scales, leopard pelt, seahorse-based wildlife articles, Red sanders, and protected species of Gibbons, lizards, tortoises, birds, squirrels, snakes, red sand boa etc.

      Several of these operations were executed in close coordination with partner enforcement agencies, including the CBI, WCCB, Airport Intelligence Units of Customs at Bengaluru, Kolkata, Trichy and Madurai, State Forest Departments, and local police authorities.

      These sustained intelligence-led operations underscore DRI's commitment to combating organised wildlife crime and disrupting transnational trafficking networks dealing in endangered fauna and flora.  DRI continues to strengthen India's obligations under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), thereby contributing to the protection of the country's rich biodiversity.

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