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India Eyes Rs 2 Lakh Crore in Defence Contracts for FY26

New Delhi, July 7 -- India is set to ramp up its defence expenditure significantly, with plans to sign contracts worth Rs 2 lakh crore in the financial year 2025-26. Defence Secretary Giridhar Araman... Read More


Govt May Consider GST Reduction On Handicrafts: Piyush Goyal

New Delhi, July 7 -- Commerce and Industry Minister Piyush Goyal announced that the government will consider industry requests to reduce the Goods and Services Tax (GST) on handicrafts from 12 per cen... Read More


India Ready As US Tariff Suspension Nears End; Trade Pact Hinges On Mutual Gains: CII President

New Delhi, July 7 -- With the 90-day suspension of US-imposed reciprocal tariffs on Indian exports set to expire on July 9, the Indian industry remains watchful yet prepared for any outcome from ongoi... Read More


China's Rare Earth Curbs Expose India's Supply Chain Gaps: GTRI

New Delhi, July 7 -- China's ongoing restrictions on the export of rare earth magnets have sent alarm bells ringing across India's industrial sector, particularly in the automotive and electronics ind... Read More


NCLAT Bars Use Of ED-Attached Assets In IBC Resolution Proceedings

New Delhi, July 7 -- The National Company Law Appellate Tribunal (NCLAT) has ruled that the Insolvency and Bankruptcy Code (IBC) cannot supersede the Prevention of Money Laundering Act (PMLA) when it ... Read More


India Auto Retail Sector Reports Sluggish Growth In June 2025

New Delhi, July 7 -- India's automobile retail sector recorded a year-over-year growth of 4.84 percent in June 2025, reaching total retail volumes of 20,03,873 units, according to the Federation of Au... Read More


Second Tranche of Rs. 10,000 Crore Released For Deep Tech Innovation Fund

New Delhi, July 7 -- Union Commerce and Industry Minister Piyush Goyal announced a second tranche of Rs 10,000 crore to promote innovation and strengthen India's deep tech ecosystem. The announcement... Read More


Trump Threatens Additional Tariffs On BRICS Nations As Bloc Criticises US Trade Policies

New Delhi, July 7 -- President Donald Trump announced Sunday that he would impose an additional 10 percent tariff on nations aligning with BRICS policies, escalating trade tensions with the 11-member ... Read More


India, Argentina Seek Deeper Cooperation In Trade, Defence & Agriculture

New Delhi, July 7 -- Prime Minister Modi and Argentine President Javier Milei have agreed to enhance bilateral cooperation across a range of strategic sectors, including defence, agriculture, and trad... Read More


DGFT Curbs On Gold Imports Rattles Electronics Industry

New Delhi, July 7 -- India's electronics industry has raised strong objections to the government's recent restrictions on the import of gold compounds, warning of disruptions to production lines and p... Read More