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July 20, 2026
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Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
July 20, 2026
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Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
July 20, 2026
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Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
July 20, 2026
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India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
July 19, 2026
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Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
July 18, 2026
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Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
July 18, 2026
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Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
July 18, 2026
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Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
July 18, 2026
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EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
July 18, 2026
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India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
July 18, 2026
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Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
July 17, 2026
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Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
July 17, 2026
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Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
July 17, 2026
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E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
July 17, 2026
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Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
July 17, 2026
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Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
July 17, 2026
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Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
July 17, 2026
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Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
July 17, 2026
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Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
July 17, 2026
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Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.

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ISTITUTO MARANGONI MUMBAI PRESENTS ITS 2026 STUDENT SHOWCASE — ‘ASTITVA’

July 23, 2026

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Mumbai, July, 2026: On Saturday evening, 18th July 2026, Istituto Marangoni Mumbai, the renowned Italian fashion and design school, unveiled 'Astitva’, its annual student showcase featuring the work of its second-year Fashion Design students. More than a fashion presentation, the showcase brought together deeply personal narratives expressed through contemporary fashion, celebrating the journeys, experiences and perspectives that shape each designer's creative voice.

Derived from the Sanskrit word meaning identity or existence, ‘Astitva’ invited audiences to reflect on the many influences that define who we are. Through nine distinctive collections, students explored themes ranging from memory and family to resilience, grief, heritage and transformation, demonstrating how fashion can become a powerful medium for personal storytelling.

Inspired by Mumbai — a city where cultures, traditions and aspirations coexist — the showcase reflected the dialogue between heritage and modernity, intimacy and ambition. This year’s runway installation echoed that spirit, juxtaposing raw industrial materials with reflective surfaces and sculptural lighting to create an immersive environment where fashion, architecture and emotion converged.

“With Astitva, our students have demonstrated that great design begins with authenticity,” said Mr. Tarun Pandey, COO — Istituto Marangoni, Mumbai. “This year's showcase is a celebration of identity, not as something fixed, but as something continually shaped by memory, culture, lived experience and transformation. Each collection reflects a deeply personal journey while speaking to universal ideas of belonging, resilience and self-discovery. At Istituto Marangoni Mumbai, we encourage our students to look inward before they look outward, because the strongest creative voices are those rooted in individuality. As they graduate into an increasingly global fashion landscape, Astitva is a testament to their ability to translate personal narratives into contemporary design with confidence, purpose and originality” he added.

The collections showcased at Astitva reflected the culmination of each student's creative evolution at Istituto Marangoni Mumbai, nine emerging designers unveiled three looks each, translating deeply personal narratives into distinctive contemporary fashion expressions. Rooted in themes of identity, belonging and transformation, the showcase celebrated not only technical excellence and creative innovation, but also the emergence of a new generation of designers ready to contribute to the global fashion conversation.

The students who showcased their collections at ‘Astitva’ were [in alphabetical order]: 1. Anshika Yadav [Ecdysis]: The collection explores transformation through the symbolic journey of a bird, tracing five stages—origin, expectation, conflict, struggle and liberation. As the bird evolves from nest to flight, it becomes a metaphor for human growth, resilience and the pursuit of self-definition.

2. Anushka Puranik [Anchors of Immanence]: The collection explores how family remains as anchor despite physical distance. Inspired by the balance between isolation and support, it translates their presence into life-sustaining elements of nature. Structured silhouettes and layered forms reflect a deeply personal journey of finding strength, stability and belonging, even from afar.

3. Diya Gupta [Unfinished Rooms]: Inspired by the designer’s childhood room, Unfinished Rooms explores how the spaces we grow up in continue to shape us. Though the room remains unchanged, she has evolved within it. The collection reflects a journey of quiet growth, self-discovery and becoming—where unfinished is not incomplete, but a state of continual transformation.

4. Drishti Bachwani [Alexithymia]: Inspired by the psychological condition that makes it difficult to identify and express emotions. It reflects her experience of carrying countless thoughts and feelings that rarely find words. Through this collection, the designer explores the disconnect between what she feels and what she shows—a deeply personal expression of everything I've kept inside.

5. Natalia Kumar [Inheritance Adorned]: Inspired by Indian jewellery and precious gemstones, Inheritance Adorned traces the evolution of adornment through five acts—from innocence to quiet radiance. Rooted in the bridal world, each ensemble explores how ornament transforms into an expression of identity, memory and personal evolution.

6. Paarvi Khullar [Learning to Breathe Again]: The collection draws from the designer’s journey through anxiety, self-doubt and emotional loss over the past two years. Inspired by the feeling of holding everything in, it traces a gradual path towards healing, vulnerability and self-acceptance.

7. Pallavi Singh [REVIVE]: Inspired by the resilience of Kutch after the 2001 Bhuj earthquake, REVIVE celebrates the revival of Bhujodi weaving, Ajrakh block printing and Kumaoni hand-knitting. Reimagined through contemporary winter wear, the collection honours India's living craft traditions and the communities whose determination continues to preserve them.

8. Tarini Kakar [La Révolution]: Inspired by the phrase, “From dust you are and to dust you shall return,” La Révolution explores transformation as a continuous cycle of creation, rupture, renewal and transcendence. Through evolving forms and textures, the collection celebrates impermanence, not as loss, but as an essential passage towards resilience, beauty and becoming.

9. Vanya Gupta [Fleeting Grief]: The collection explores the lasting impact of losing her mother to cancer at sixteen. Through light, fluid silhouettes and a muted palette, it traces a journey from grief to acceptance, transforming a deeply personal experience into a story of resilience, healing and becoming.

Talking about this year's showcase, Kristian Steinberg, Director of Education — Istituto Marangoni Mumbai, said, "At Istituto Marangoni Mumbai, we encourage our students to embrace their own stories and cultural identities as the foundation of their creative practice. ‘Astitva’ reflects that philosophy beautifully, with each collection demonstrating how personal experiences can be transformed into contemporary fashion that is both locally rooted and globally relevant." Pallavi Singh was awarded Istituto Marangoni Mumbai’s ‘The Designer of the Year 2026’ for her ‘REVIVE’ collection that she showcased at the event.

Additionally, this year for the first time, Istituto Marangoni Mumbai conferred Anushka Puranik with the ‘The Sustainability Award 2026’ for her collection, ‘Anchors of Immanence’, which explores the enduring value of craftsmanship, conscious creation, heirloom design, and mindful luxury.

The excellent reputation enjoyed by the school lies in the distinctive elements that have marked its identity since its foundation; first of all, the enhancement and promotion of ‘Made in Italy’ values, combined with a strong international vocation, and expressed through an educational system of proven quality and effectiveness, which makes use of the contribution of, and the established collaboration with, the most prominent fashion companies of the world.

Appreciations: • Show Creative Direction: Kristian Steinberg, Director of Education, Istituto Marangoni, Mumbai.

• Studio: Lianne Trowbridge, Abhishek Gaherwar, Ashay Chaturvedi, Jeetinder Sandhu.

• Style Direction: Kayaan Contractor (assisted by Abhinav & Manu Lodhi).

• Show Director(s): Vahbiz Mehta, Delnaz Daruwala, & Kamal Mehta.

• Founded in 2002, Amal Embroideries creates handcrafted embroideries for leading European couture and luxury fashion houses. Committed to preserving traditional artisanal techniques, the studio also supported this showcase by contributing handcrafted embroidery to selected student looks.

• Salon academy, Daniel Bauer Academy, supported the hair and makeup curation for the fashion showcase.

• Fragrance partner ŚASVA is a modern luxury fragrance house rooted in India and founded in 2022 by Istituto Marangoni alumnus Sriman Subramanian. Drawing on a 70-year family legacy, the brand creates contemporary fragrances inspired by Indian art, culture, landscapes and heritage, reimagined for a global audience.

• The Source by Sula offers fresh, elegant, and delightful wines, globally recognized as among the best Indian wines, representing sustainable winemaking and the purest expression of select Nashik valley vineyards.

Istituto Marangoni: Istituto Marangoni was founded in 1935 as Istituto Artistico dell'Abbigliamento Marangoni in Milan and has over 85 years of experience in shaping fashion, art, and design experts. The institute has educated students from 5 continents over four generations and launched the careers of over 45,000 luxury professionals, including Domenico Dolce, Alessandro Sartori, Paula Cademartori, Gilda Ambrosio, Julie de Libran, and Nicola Brognano. According to a recent Doxa survey, Istituto Marangoni has an impressive employability rate of 91%, demonstrating the high quality of its educational programmes and the career readiness of its graduates.

Istituto Marangoni welcomes around 5,000 students annually from 108 different countries across its schools in Milan, Florence, Paris, London, Mumbai, Shanghai, Dubai, Riyadh, Miami*, and Shenzhen*. The institution has been ranked among the top 100 universities in the world in its disciplines, according to the QS World University Ranking 2025.

* Licensed schools ŚASVA Parfums: Founded in 2022 by Istituto Marangoni alumnus, Sriman Subramanian, ŚASVA is a modern luxury fragrance house rooted in India and created for the world. Drawing on a 70-year family legacy in South Indian architecture and boutique hospitality, the brand crafts contemporary fragrances inspired by India's poetry, art, cinema, landscapes and cultural richness. Reinterpreting India's olfactory heritage through a refined global lens, ŚASVA creates distinctive scents that celebrate craftsmanship, creativity and modern luxury.

Daniel Bauer Academy: The Daniel Bauer Academy is India's largest and most respected makeup and hair training academy. Founded in 2017, the brand operates fully-owned academies across India in Mumbai, Delhi, Kolkata and Bangalore. They specialise in the development and placement of makeup and hair artists from India and Internationally.

Amal Embroideries: Founded in 2002, Amal Embroideries is a design and embroidery studio specialising in the creation of exquisite, handcrafted embroideries for leading European couture and luxury fashion houses. Working closely with internationally renowned fashion brands, architects, interior designers and artists, Amal combines exceptional craftsmanship with creativity, precision and innovation. Rooted in a deep respect for artisanal heritage, the studio is committed to preserving traditional craft through ethical partnerships with its artisans while delivering uncompromising quality and transparency.

The Source by Sula The Source by Sula is an ode to sustainable winemaking, and the purest expression of select vineyards in the Nashik valley. Made with craftmanship in mind, our wines are today considered among the best Indian wines available, locally and internationally. Fresh, elegant and delightful, they have been produced with love and with the upmost respect for the environment.

Press Contact(s): Sqube Brand Relations: Shakeel Sutarwala — [email protected] / +91.98671.50688 Samantha Furtado — [email protected] / +91. 98190.66041 (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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