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June 29, 2026
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Farm loan waiver rollout begins with mandatory Agristack Farmer ID and assured coverage for eligible cultivators.
Farm loan waiver benefits under the Maharashtra government's Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana are scheduled to begin disbursement from July 5, after the scheme's financial allocation is completed through supplementary demands and receives the required approval. The scheme provides loan waiver relief up to the prescribed ceiling, with the government assuring that no eligible agriculturist will be excluded from the benefit. The Agristack Farmer ID remains a mandatory eligibility requirement.
June 29, 2026
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Renewable energy expansion gains momentum as new solar parks and industrial projects support cleaner power and investment.
Renewable energy development in Madhya Pradesh was highlighted through the inauguration of two solar power projects with a combined capacity of 950 MW, including a 500 MW solar park in Neemuch and a 450 MW solar park in Shajapur. The Neemuch Solar Park was described as a vanilla solar project, meaning a solar facility using only solar panels without battery storage, and its tariff was said to be possibly among the lowest globally for such projects. Officials stated that the Neemuch project would supply clean electricity to Indian Railways and the state grid.
June 29, 2026
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Banking governance and financial-sector reform shape Rajiv Kumar's appointment as HDFC Bank's new chairman
HDFC Bank appointed Rajiv Kumar as an Independent Director for four years and, subject to Reserve Bank of India approval, as Part-time Chairman for three years. The accompanying profile credited him with banking-sector clean-up measures, including recognition and provisioning of non-performing assets, borrower accountability under the Insolvency and Bankruptcy Code framework, and the 4R strategy of Recognition, Resolution, Recapitalisation and Reforms. It also referred to action against shell companies, unregulated deposit schemes, illicit financial practices, strengthened oversight of cooperative banks, and technology-based risk controls for large exposures.
June 29, 2026
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Rupee weakness reflects geopolitical tensions, dollar strength, and shifting crude oil trends in the foreign exchange market.
The rupee weakened against the US dollar after giving up early gains, with renewed geopolitical tensions reducing investor risk appetite and weighing on sentiment in the foreign exchange market. Traders said supportive crude oil prices and improved foreign inflows initially helped the currency, but broader dollar strength kept pressure on the exchange rate. Market commentary also noted that lower crude prices and easing inflation concerns could support the rupee at weaker levels.
June 29, 2026
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Flexible personal loan repayment tenure expands collateral-free borrowing with digital application and quick approval for eligible customers.
Extended personal loan tenure offered by a non-banking financial company enables eligible borrowers to select a repayment period of 12 to 108 months for collateral-free borrowing. The loan is available for amounts ranging from Rs. 40,000 to Rs. 55 lakh, with interest rates stated to begin from 10% per annum and vary according to customer profile, eligibility, credit assessment, and other lending criteria. The facility is presented as a digital, collateral-free loan with minimal documentation, quick approval, and potential disbursal within 24 hours for eligible applicants.
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.

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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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