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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.
July 8, 2026
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Prevention of Money Laundering Act freezing of political party bank accounts follows alleged fund routing through related entities.
Freezing of bank deposits under the Prevention of Money Laundering Act arose from an ED investigation into alleged misappropriation and routing of funds through political party bank accounts and related entities. The agency stated that three bank accounts were frozen under Section 17(1A) because the deposits could not practicably be seized and needed to be secured from transfer or further dealing, subject to confirmation by the adjudicating authority. The investigation also concerned transfers to a private aviation group, purchase of aircraft and a helicopter, and alleged payments linked to aircraft usage.
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.

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ESDS Launches Swaraj Nandi and Swaraj Hansa, Two Sovereign Enterprise Security Platforms Built Entirely in India

July 16, 2026

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Two of the most exploited weaknesses in enterprise security, unwatched privileged access and unread security alerts, get closed at once, by a platform built for governance and a platform born inside a live security operations centre. Launched in the presence of economist and Swadeshi Jagaran Manch National Co-Convener Dr. Ashwani Mahajan.
Mumbai, India, 16th July 2026: - ESDS Software Solution Limited, a sovereign cloud and data centre provider in India, today announced the general availability of two enterprise-grade platforms built entirely on Indian soil: Swaraj Nandi, a Privileged Access Management (PAM) platform that governs the credentials, sessions and audit trails behind an organisation's most sensitive systems and Swaraj Hansa, an AI-powered autonomous SIEM platform designed to close the gap between threat detection and action. Together, the two launches address the two failure points that consistently sit at the centre of enterprise security incidents in India: who has access to what and who is watching what happens once they have it. The launch was held in the presence of Dr. Ashwani Mahajan, National Co-Convener of the Swadeshi Jagaran Manch and noted Indian economist, as chief guest.


Swaraj Nandi and Swaraj Hansa join Swaraj AIOPS, Swaraj Garuda and Swaraj Jatayoo as the newest members of ESDS's portfolio of indigenous enterprise technology platforms, each engineered, built and supported entirely on Indian soil. Taken together, the platforms reflect a deliberate, sustained programme to build the security and infrastructure layer Indian enterprises depend on from within India, rather than import it.


Swaraj Hansa did not begin as a product idea. It began inside ESDS's own security operations centre, where analysts were living with the exact problem the platform now solves for clients: alert volumes no team can keep pace with, detections that arrive without an explanation attached and every new data source meaning weeks of manual rule-writing before it is even usable. Swaraj Hansa was built by the people who felt that pain first, to fix it for themselves, before ESDS decided to bring it to market.


Dr. Ashwani Mahajan, National Co-Convener, Swadeshi Jagaran Manch, said:
"India has demonstrated on the global stage that we have built world-class capabilities in defence, space and digital public infrastructure. The next frontier is digital sovereignty. As we strengthen our indigenous cloud, AI, and cybersecurity ecosystems, we are not only reducing strategic dependence but also creating globally competitive technologies. As we continue to build indigenous digital infrastructure, our cloud, data, and critical technologies must remain under India's control. Only through self-reliance in digital infrastructure can we secure India's technological future and emerge as a trusted global technology leader. This is the commitment required to build a truly self-reliant Digital India”.


— Dr. Ashwani Mahajan, Economist & National Co-Convener - Swadeshi Jagaran Manch
Piyush Somani, Promoter, Managing Director and Chairman, ESDS Software Solution Limited, said:
“Every organisation we serve banks, government bodies, hospitals, large enterprises carry the same exposure, in two forms. Somewhere inside its infrastructure sits a handful of credentials that, in the wrong hands, unlock everything. And somewhere in its security operations, a signal is arriving that no one has the time to notice. Both risks have historically been managed the same way: informally, and on trust alone. That is no longer adequate for the systems India now depends on.”
“Swaraj Nandi addresses the first. Every credential is vaulted, rotated and governed under Zero Trust principles. Swaraj Hansa addresses the second and it was built with the discipline of people who have worked inside a security operations centre themselves, not designed at a distance from the problem. What both platforms share is a conviction we hold across our portfolio: that India's most sensitive infrastructure deserves security that is built, owned and accountable within India.”
Piyush Somani, Promoter, Managing Director and Chairman, ESDS Software Solution Limited
Two Gaps, One Root Cause
On privileged access, the failure is silence: no session audit trail to answer who accessed which system and when, credential sprawl across servers and databases left unmanaged, no kill-switch to terminate a session once it turns malicious and vendor access granted with no accountability once an engagement ends.


On security operations, the failure is noise: analyst teams buried under alert volumes with no reliable way to separate signal from real threat, a nationwide shortage of Tier-1 analysts to triage what comes in, weeks of manual work to onboard every new data source and a deepening distrust of AI-driven detection that cannot explain its own decisions.


Tightening RBI, SEBI, IRDAI and PCI-DSS mandates now expect auditable, real-time control over both a bar most enterprises currently have no way to clear.


"India's digital leadership will ultimately be defined by the technologies we create, own and govern ourselves. The emergence of sovereign digital platforms reflects the maturity of India's innovation ecosystem. Initiatives by our BDIA members like ESDS are enabling the nation's Digital Sovereignty vision while laying the foundation for trusted, resilient and globally competitive digital infrastructure."
— Mr. Abhishek Bhatt, Secretary General - Bharath Digital Infrastructure Association (BDIA)
Swaraj Nandi
Swaraj Nandi functions as a single control plane for privileged credential management, session governance and compliance reporting, deployable entirely on-premise or within a private cloud, with no agents required on target systems and no dependency on foreign cloud infrastructure. The platform vaults and automatically rotates every privileged credential root passwords, service accounts, API keys, SSH keys and database credentials so that no human ever sees a production password in plain text. Every privileged session runs through a Zero-Trust session manager requiring explicit approval and multi-factor authentication, with no standing privileges. Every session is recorded down to the keystroke in a tamper-resistant, searchable audit trail, and built-in behavioural analytics flag anomalous commands before damage occurs.


Swaraj Hansa
Swaraj Hansa is an AI-powered autonomous SIEM platform built on a simple premise: AI-driven detection, human-owned decisions. Where Swaraj Nandi governs access, Swaraj Hansa governs visibility collecting, correlating and triaging security signals across an organisation's infrastructure and closing the gap between detection and action rather than stopping at another dashboard of unread alerts. Every alert Hansa surfaces arrives with a plain-language explanation of why it was flagged, so an analyst can act on it rather than take a black-box score on faith. New data sources are onboarded through a guided, largely no-code setup instead of weeks of custom rule-writing and repetitive triage and reporting work runs on autopilot so analysts spend their time on the alerts that actually need a human judgment call. The platform continuously monitors its own health, runs in a high-availability configuration with no single point of failure and is built to operate standalone in an air-gapped or private-cloud environment for organisations that cannot depend on foreign infrastructure a requirement Swaraj Hansa was designed around from day one, not retrofitted for later.


Komal Somani, Whole-time Director, CMO and CHRO, ESDS Software Solution Limited, said:
“Trust inside an enterprise has always been an assumption rather than a control, and that is precisely what a privileged access breach or a missed security alert relies on. It is rarely a stranger breaking in and rarely a total absence of warning. It is someone already inside doing something no one was watching for, or a signal that fired and was lost in the volume. Swaraj Nandi and Swaraj Hansa are not built to make organisations trust less. They are built to give them something to verify.”
Komal Somani, Whole-time Director, CMO and CHRO, ESDS Software Solution Limited
Regulatory Compliance Architecture
Both platforms' compliance architecture is mapped directly to the frameworks governing India's most regulated sectors including the RBI IT Framework, SEBI's CSCRF, the DPDP Act, PCI-DSS v4.0, ISO 27001 and NIST CSF. Swaraj Nandi's access approval workflows, session recordings, credential rotation logs and risk-scoring reports, alongside Swaraj Hansa's alert triage records and audit trails, are structured to satisfy each framework's specific audit and incident-reporting requirements giving organisations a direct path to compliance on both access governance and security monitoring without building custom infrastructure for either from scratch.


Availability
Swaraj Nandi and Swaraj Hansa are available with immediate effect across On-Premise, Private Cloud and as-a-Service deployment models. Swaraj Nandi supports Linux and Windows servers, PostgreSQL, MySQL, MSSQL, Oracle, and Cisco and Juniper network devices. Swaraj Hansa is built to deploy standalone, including in air-gapped environments, for organisations that require full data sovereignty over their security operations. ESDS is offering structured POC and pilot engagements for qualified organisations across banking, government, insurance, healthcare and large enterprise sectors. Enterprises may request a technical demonstration or compliance assessment consultation through ESDS's enterprise engagement team.


About ESDS Software Solution Limited
ESDS Software Solution Limited is a sovereign cloud and managed services provider in India, offering cloud, data centre, GPU infrastructure and enterprise security solutions. The company operates Tier III certified data centres across India and serves clients across BFSI, government, healthcare, manufacturing and technology sectors. Swaraj Nandi and Swaraj Hansa are the latest releases under ESDS's ongoing product development programme and are part of the company's broader Swaraj portfolio of purpose-built enterprise security, observability and AI operations platforms.


For more information, visit www.esds.co.in
Important Disclosure
ESDS Software Solution Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the Company at www.esds.co.in, the website of SEBI at www.sebi.gov.in, as well as on the websites of the Book Running Lead Managers, DAM Capital Advisors Limited and Systematix Corporate Services Limited, the website of the National Stock Exchange of India Limited at www.nseindia.com, and the website of BSE Limited at www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the Red Herring Prospectus which may be filed with the Registrar of Companies, Maharashtra at Mumbai - II, in future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.


(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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