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June 29, 2026
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India-UK trade cooperation advances through CETA-focused business engagement, simpler compliance, and stronger investment partnerships.
The India-UK Comprehensive Economic and Trade Agreement is presented as a framework for deepening bilateral trade and investment through sustained business engagement, with emphasis on long-term investment, technology partnerships, innovation, resilient supply chains and broader economic cooperation. Industry discussions highlighted the need for effective implementation of CETA by increasing awareness of the agreement, especially among MSMEs, and by simplifying regulatory procedures and certification requirements so businesses can better use the opportunities arising under the agreement. The business plenary also underscored strengthening industry-to-industry partnerships and facilitating greater talent mobility.
June 29, 2026
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Restricted import of firecrackers exposed through misdeclaration, cargo concealment, and clandestine removal from a container freight station.
Restricted import of firecrackers under the Foreign Trade Policy requires valid licences from both the Directorate General of Foreign Trade and the Petroleum and Explosives Safety Organization. Enforcement operations detected mis-declared containers concealing Chinese-origin fireworks and firecrackers, as well as clandestine removal of contraband from a Container Freight Station without Customs authorisation. The smuggling activity involved cargo substitution, active connivance of CFS staff, seizure of substantial quantities, and arrests of multiple persons.
June 29, 2026
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Bilateral trade and investment cooperation expand as India leads business delegation to Greece for innovation partnerships.
India is advancing bilateral trade, investment and industrial cooperation through a high-level business delegation visit to Greece following recent engagements in the United Kingdom. The programme includes startup presentations, roundtable discussions and business interactions to promote cross-border innovation partnerships, identify collaboration opportunities in infrastructure, digitalisation, defence, food and agriculture, and explore cooperation in advanced manufacturing and technology-driven sectors.
June 29, 2026
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Merger scheme approval for REC into PFC subject to shareholder, creditor, regulatory approvals and government control conditions.
Board approval was given to a Scheme of Merger of REC into PFC under the Companies Act, 2013, subject to approvals from shareholders, creditors, and regulatory and governmental authorities. The Scheme is also conditional on the merged entity continuing as a Government Company and on the Government of India retaining majority voting rights and control. The valuation-based share exchange ratio provides for 88 equity shares of PFC for every 100 equity shares of REC.
June 29, 2026
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Rupee weakness against the US dollar reflects geopolitical tensions, dollar strength, and shifting crude oil trends.
The rupee weakened against the US dollar after paring early gains, closing lower amid renewed geopolitical tensions and reduced investor risk appetite. Market sentiment was shaped by fresh military exchanges involving the US and Iran, a firm US dollar, and hawkish Federal Reserve expectations. Support came from lower crude oil prices, improving foreign inflows, and easing inflation concerns, while broader market indicators showed mixed conditions and higher forex reserves in the reporting week.
June 29, 2026
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Export promotion through buyer-seller meets is aimed at expanding market access and building export capacity for local producers.
Export promotion through an international buyer-seller meet was highlighted as a means of strengthening outward trade by bringing foreign buyers to Jammu and Kashmir and connecting them with local artisans, exporters and prospective exporters. The initiative was also described as including training and assistance to help existing exporters expand and encourage non-exporters to start exporting, with the broader aim of market access, commercial linkage and export capacity-building.
June 29, 2026
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Criminal conspiracy allegations arise from an attack on ED officers during a search operation and related bail opposition.
The Enforcement Directorate alleged that the attack on its officers and damage to vehicles after a search at a former Chief Minister's residence formed part of a criminal conspiracy linked to the top leadership of the CPI(M). It said the unlawful protest and violent assault occurred in the presence of senior party leaders, whose provocative language allegedly instigated supporters to escalate the demonstration into physical violence. The agency treated the episode as interference with the rule of law and filed its objection in opposition to a bail plea in the case arising from the incident.
June 29, 2026
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Export controls on dual-use goods tighten as China targets Japanese entities over alleged remilitarisation.
China imposed new export controls on 40 Japanese entities, placing 20 on a control list that prohibits exports of China-made dual-use items and 20 more on a watch list subject to licensing, risk assessment and written assurances. The controls target entities said to be contributing to Japan's remilitarisation and apply to goods that may be used for both civilian and military purposes.
June 29, 2026
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AI governance certification under ISO/IEC 42001:2023 establishes audited controls for lifecycle risk, accountability, and deployment practices.
Certification under ISO/IEC 42001:2023 requires an independent external audit and establishes auditable requirements for AI governance across the full lifecycle, including risk management, accountability structures, data practices, deployment controls, and incident response. The standard cannot be self-attested and is described as addressing enterprise, procurement, and vendor-risk expectations for AI systems used in regulated environments. The certified scope covers the organisation's AI practice for production-grade systems, extending its independently audited governance framework to AI operations.
June 29, 2026
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Free Trade Agreement drives deeper UK-India cooperation across investment, innovation, services and future industries.
The UK-India Free Trade Agreement was presented as a major milestone in India's trade strategy and as the most comprehensive agreement India has entered into so far, with implementation expected to begin in July. The Agreement was described as a platform for deeper bilateral cooperation across goods, services, investment, innovation and future industries, and as part of a broader reset in UK-India relations aimed at reducing barriers and strengthening long-term economic engagement. The Forum emphasised the Agreement as the basis for a new phase of investment, innovation and strategic partnership.
June 29, 2026
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Money laundering probe over alleged CMRL-Exalogic transactions and suspected proceeds of crime under prevention law.
Enforcement Directorate questioned the Joint Managing Director of CMRL in a money laundering probe concerning alleged financial transactions between CMRL and Exalogic Solutions Pvt Ltd, with allegations of payment without services and loans extended despite delayed repayment. The case proceeds under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office, following findings of the Income Tax Department and prior scrutiny of CMRL after a raid reportedly detected suspected irregularities.
June 29, 2026
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Rupee appreciation supported by easing crude prices, stronger foreign inflows, and rising forex reserves despite firm dollar pressure.
The rupee appreciated in early trade on support from easing crude oil prices and improving foreign inflows, even as a firm US dollar and subdued risk appetite weighed on sentiment. India's foreign exchange reserves increased in the latest reported week, indicating a rebuilding of the Reserve Bank's buffer after earlier dollar sales. The broader market backdrop included a steady dollar index, higher Brent crude, domestic equity weakness, and net foreign institutional investment into equities.
June 27, 2026
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Electronics manufacturing expansion drives Amber Group's localisation and import substitution strategy through large Uttar Pradesh investments.
Amber Group is expanding its manufacturing footprint in Uttar Pradesh through large-scale investments in electronics, consumer durables and allied component production. The proposed projects at YEIDA include a high-density interconnect printed circuit board and semiconductor substrate manufacturing unit through a 70:30 joint venture, together with an expanded air-conditioner and components complex, with funding to be executed in phases through internal accruals, debt, equity and foreign direct investment from Korea. The expansion is positioned as a backward-integration and localisation strategy, supported under the Centre's Electronics Component Manufacturing Scheme and incentives from the Uttar Pradesh government.
June 27, 2026
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Horticulture export expansion opens overseas market access for Himachal Pradesh stone fruits through air cargo shipment to Oman.
First export consignment of cherries and plums was flagged off from Chandigarh to Oman by air cargo, marking an initial international market entry for Himachal Pradesh's stone fruits. The initiative was undertaken through collaboration between the Himachal Pradesh Horticultural Produce Marketing and Processing Corporation and the Agricultural and Processed Food Products Export Development Authority to support grading, packing, quality testing and related export arrangements for farmers.
June 27, 2026
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Money laundering and disproportionate assets: attached hotels and flats linked to alleged proceeds routed through companies.
Provisional attachment of four hotels in Guwahati and two residential flats in Mumbai, valued at about Rs 53.28 crore, was made under the Prevention of Money Laundering Act in a money laundering case linked to alleged disproportionate assets against a retired IPS officer from Assam. The Enforcement Directorate stated that the officer and his wife were found to have assets worth about Rs 79 crore against disclosed income and expenditure of Rs 7.23 crore and Rs 9.04 crore respectively, and that the proceeds were routed through three companies, including Ishan Commercial.
June 27, 2026
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Manufacturing expansion and electronics growth drive Amber Group's near-term revenue target and major Uttar Pradesh investments.
Amber Group expects to reach the USD 2 billion revenue level in the near term, supported by growth in consumer durables, electronics, railway and defence businesses. It is investing about Rs 6,785 crore in manufacturing projects at YEIDA, including a joint venture unit for HDI printed circuit boards, flexible printed circuit boards and semiconductor substrates, and an expanded air-conditioner and components complex. The projects aim at backward integration, localisation, domestic supply and eventual exports.
June 27, 2026
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UK-India FTA leadership recognised as awards celebrate trade, finance, education and social impact across the bilateral partnership.
The UK-India Awards 2026 recognised individuals and institutions for contributions to the UK-India corridor and the broader bilateral partnership, including trade, finance, consulting, lifesciences, education, social impact and sports. The UK-India FTA negotiating teams and Piyush Goyal received the Exceptional Leadership in Elevating UK-India Ties award for advancing the historic UK-India Free Trade Agreement, while other honourees were recognised for sustained contributions to specific areas of the relationship.
June 27, 2026
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Digital governance and land allotment enforcement drive Uttar Pradesh's push for online services, investment promotion, and project monitoring.
The Uttar Pradesh government set the fourth edition of the Uttar Pradesh International Trade Show for September 25 to 29 in Greater Noida, presenting it as a platform to showcase the state's manufacturing strength, attract foreign buyers and facilitate business-to-business and business-to-consumer engagement as well as export orders. The Chief Minister also directed the Noida Authority to move all services online, monitor projects through an Integrated Command and Control Centre, and take action against land allottees who have not developed allotted land within the stipulated period.
June 27, 2026
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Energy-efficient Atomberg ceiling fans combine BLDC technology with EMI purchase options and smart-home convenience features.
Energy-efficient Atomberg ceiling fans are presented with BLDC motor technology and features such as remote control, timer functions, boost mode, app connectivity, voice control and integrated lighting. Purchase is promoted through Bajaj Finance partner stores and an Easy EMI Loan structure, subject to pre-approved eligibility, store availability and selected repayment tenure. The release also states that Bajaj Finance Limited is an RBI-registered deposit-taking NBFC engaged in lending and acceptance of deposits.
June 27, 2026
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Geographical Indication exports gain momentum as Rewa Sundarja Mangoes enter overseas markets through coordinated export facilitation.
APEDA facilitated the first commercial export of GI-tagged Rewa Sundarja Mangoes from Madhya Pradesh to the United Arab Emirates through coordinated work with horticulture authorities, exporters, Farmer Producer Organisations, pack house operators and farmers. The consignment was sourced, graded, sorted, packaged and cleared under export-quality and phytosanitary requirements before shipment, and the initiative is described as strengthening the export potential of GI agricultural products and improving income realisation for growers in the Rewa region.

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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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