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    ED uses AI-aided tools, modern forensic tech to help fraud victims, speed up probes
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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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MSME quality and market access get a boost through a joint certification, accreditation and digital commerce framework.
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.
July 9, 2026
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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.
July 8, 2026
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Fisheries value chain strengthening drives Odisha's export potential through collaboration, processing modernisation and species diversification.
Strengthening of fisheries value chain and export capacity in Odisha was emphasised through closer collaboration among fishers, fish farmers, exporters and cooperatives, along with coordinated action by the Centre, the State, research institutions, financial institutions and sector stakeholders. The focus was on harnessing the State's untapped export potential by improving production linkages, post-harvest systems and sector-wide organisation. Attention was given to capacity building, modernisation of processing facilities, diversification of fish species and fisheries products, and expansion of deep-sea and brackish water fishing to support higher exports, greater value addition and improved fisher incomes.
July 8, 2026
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Ease of Doing Business reforms propose time-bound approvals, simpler compliance and faster refunds to improve investor-friendly regulation.
A draft Ease of Doing Business law proposes time-bound approvals, deemed approvals, self-certification, third-party verification, risk-based inspections and removal of duplicate licensing requirements to reduce procedural hurdles and create a more investor-friendly regulatory environment. The cabinet also approved related industrial investment, payment security and tax reforms, including GST simplification, faster refunds and abolition of the redundant Commercial Tax Tribunal.
July 8, 2026
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Coal levy probe deepens as Ramgopal Agrawal is detained for questioning in linked corruption cases.
Congress leader Ramgopal Agrawal was detained by the Chhattisgarh Economic Offences Wing for questioning in the alleged coal levy matter and was also to be interrogated in connection with liquor and rice custom milling-linked cases. The agency said the action was based on documents, digital evidence, a seized diary and other records, and claimed that the diary contained entries of payments made in the name of "Congress Bhavan".
July 8, 2026
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Anti-money laundering action freezes party bank accounts amid alleged funds misappropriation investigation
Enforcement action under the Prevention of Money Laundering Act resulted in the freezing of three bank accounts of a political party containing substantial deposits, after searches in an alleged funds misappropriation matter. The action reflects use of the anti-money laundering framework to secure bank deposits linked to the investigation.

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Customs & Trade

Rayzon Solar Achieves NABL Accreditation for Its R&D Laboratory, Elevating Standards in Solar Manufacturing Excellence

July 15, 2026

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Surat (Gujarat) [India], July 10: As global demand for renewable energy continues to rise, expectations around the quality and reliability of solar photovoltaic (PV) modules are becoming increasingly stringent. Governments, project developers, financial institutions, and customers are no longer evaluating manufacturers solely on production capacity or module efficiency. Instead, equal importance is being placed on technical validation, internationally recognized testing practices, and the ability to demonstrate product reliability consistently.

Against this backdrop, Rayzon Solar Limited has achieved a significant milestone by securing accreditation for its Research and Development (R&D) Laboratory from the National Accreditation Board for Testing and Calibration Laboratories (NABL) under the globally recognised ISO/IEC 17025:2017 standard.

The accreditation, valid from 12 June 2026 to 11 June 2030, recognizes the technical competence of the company's laboratory in Karanj, Surat, Gujarat, to perform a comprehensive range of photovoltaic module testing according to internationally accepted standards. The achievement not only strengthens Rayzon Solar's quality assurance capabilities but also reflects the increasing maturity of India's solar manufacturing ecosystem.

Why Accredited Testing Matters More Than Ever The solar industry has undergone a remarkable transformation over the last decade. Advances in photovoltaic technology have resulted in higher-efficiency cells, improved module designs, and longer product lifecycles. At the same time, solar installations are being deployed across diverse climates—from scorching deserts and humid coastal regions to snow-covered mountains and industrial environments.

For manufacturers, this means every module must be capable of maintaining performance despite years of exposure to fluctuating temperatures, ultraviolet radiation, moisture, mechanical loads, and severe weather conditions.

Laboratory testing has therefore become one of the most critical stages in product development and quality assurance.

Accreditation under ISO/IEC 17025:2017 confirms that a laboratory follows internationally accepted technical procedures, maintains calibrated equipment, employs qualified personnel, and operates a robust quality management system. It ensures that testing results are accurate, repeatable, and globally credible.

For customers and industry stakeholders, such accreditation provides greater confidence that product claims are supported by scientifically validated evidence rather than internal quality checks alone.

A Broad Scope of Photovoltaic Module Testing Rayzon Solar's NABL-accredited laboratory covers 35 testing methods for photovoltaic modules, enabling comprehensive evaluation of product performance, durability, and safety.

The laboratory performs testing in accordance with internationally recognised standards, including: • IEC 61215 for photovoltaic module design qualification and type approval • IEC 61730 for module safety qualification • IEC TS 62804-1 for Potential Induced Degradation (PID) • IEC TS 63342 for Light and Elevated Temperature Induced Degradation (LETID) • IEC TS 63126 for module qualification under high-temperature operating conditions Together, these standards provide a comprehensive framework for assessing the long-term performance and operational safety of photovoltaic modules before they are deployed in real-world applications.

Simulating Decades of Field Performance One of the most valuable functions of a modern solar testing laboratory is its ability to replicate years of environmental exposure within controlled testing environments.

Rayzon Solar's accredited facility performs an extensive range of environmental, electrical, and mechanical tests that help predict long-term module performance.

These include: • Thermal cycling tests • Damp heat exposure • Humidity freeze testing • UV preconditioning • Mechanical load assessments • Hail resistance testing • Wet leakage current evaluation • Insulation performance testing • Maximum power determination • Outdoor exposure studies • Additional reliability assessments covering critical operational parameters The insights generated from these evaluations help engineers optimise module design, validate manufacturing consistency, and identify opportunities for continuous product improvement before products enter commercial production.

Faster Innovation Through Integrated Research Research and development are central to progress in photovoltaic manufacturing.

Whether introducing advanced cell technologies, optimising module architecture, or evaluating new materials, every innovation must undergo extensive validation before reaching customers.

By establishing comprehensive NABL-accredited testing capabilities in-house, Rayzon Solar significantly enhances its ability to accelerate product development.

Instead of depending exclusively on external testing facilities, engineering teams can perform design verification, material evaluation, reliability analysis, and comparative studies within the company's own research infrastructure.

This integrated approach enables faster decision-making, shorter development timelines, and more efficient commercialisation of new products while maintaining internationally recognised quality standards.

By investing in world-class testing capabilities today, Rayzon Solar is helping build a stronger foundation for the future of renewable energy, delivering greater confidence to customers, supporting industry-wide quality standards, and contributing to India's emergence as a trusted global hub for solar manufacturing.

(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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