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Indian banks are intensifying scrutiny on overseas money transfers, demanding detailed proof of fund origins from individuals and businesses. This heightened caution, particularly for remittances from NRO accounts, arises amid the rupee's slide and increased customer urgency to move funds abroad, leading to compliance hurdles....

There is a steady interest from Indian companies in expanding their presence in the Russian market, Andrey Sobolev noted...

Trade turnover between Russia and India continued to grow this year, having surpassed $70 bln, Andrey Sobolev said...

"The dialogue on a free trade agreement between India and the Eurasian Economic Union remains a separate important area of work," Andrey Sobolev stressed...

India and the US are actively pursuing a balanced trade agreement, according to Ambassador Vinay Mohan Kwatra. Significant progress has been made in bilateral space cooperation, highlighted by the successful launch of an American satellite by ISRO. Both nations are also collaborating on AI initiatives, with India set to host an upcoming AI Impact Summit....

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India's ambitious $1 trillion export target by FY26 appears out of reach, with weak global demand and protectionism hindering merchandise shipments. While services exports offer a cushion, trade deals with the US and EU could be crucial. Diversification is underway, but a shift towards higher-tech products is needed for sustained growth....

The Indian medium and heavy commercial vehicle (M&HCV) industry appears to be entering the next upcycle, with industry volumes estimated to grow by around 8 per cent year-on-year in FY26 and 10 per cent in FY27, following a period of modest growth, according to a report by Nomura....

India's premium and luxury housing segment is undergoing a structural expansion, with demand steadily moving beyond traditional metropolitan markets into Tier-2 and Tier-3 cities, according to industry reports and developers....

Fox nuts remain unaffected by US tariffs due to strong domestic demand, coupled with emerging new markets....

Government is in talks with WhatsApp over a surge in banned Indian accounts and the misuse of local mobile numbers for online fraud. WhatsApp disables millions of accounts monthly, but authorities lack details on banned numbers, hindering efforts to track scams. This lack of transparency is a significant concern for national security....

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Bharti Enterprises and Warburg Pincus have jointly acquired a 49% stake in Haier India, a subsidiary of Chinese consumer electronics giant Haier Group. This strategic investment aims to accelerate Haier India's growth and expansion by leveraging global innovation, Bharti's extensive networks, and Warburg Pincus' expertise in scaling brands....

Castrol India is set for a significant ownership change as Stonepeak, a New York-based investment firm, will acquire a majority stake from BP. This global deal involves an open offer to public shareholders at Rs 194 per share. The transaction aims to reshape BP's business and strengthen Stonepeak's Indian presence....

Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to DFCCIL to refinance its World Bank foreign currency debt for the Eastern Dedicated Freight Corridor. This rupee-denominated loan aims to reduce exchange rate volatility for DFCCIL and highlights domestic institutions' capacity for large infrastructure projects....

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India has launched what it says is the heaviest satellite ever lifted from the country, using an Indian-made launcher....

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Through speedier scan readings....