Category: Business

Ramraj Cotton, India’s premier ethnic wear brand and a leader in the traditional textile segment, has announced the appointment of Mr. M. Gangadhara Prabhu as Vice President – Trade Sales, effective July 6, 2026. Bringing over three decades of extensive experience in FMCG sales and distribution, he joins the leadership team to drive business growth, strengthen channel partnerships, enhance distribution excellence, and lead strategic trade sales initiatives to further expand the company’s garments business.

Mr. Gangadhara Prabhu brings more than 30 years of proven expertise in sales leadership, distribution management, market expansion, and go-to-market strategy execution. Throughout his career, he has successfully built high-performing sales organisations, strengthened channel networks, and delivered consistent business growth across diverse consumer markets.

Prior to joining Ramraj Cotton, he served as Head of Sales at EID Parry Limited. Earlier, he held key leadership positions at WayCool Foods, CavinKare Pvt. Ltd., Bambino Foods, and Parle Agro, where he played an instrumental role in driving sales performance, expanding distribution networks, developing strategic customer relationships, and leading large sales teams across multiple markets.

As Vice President – Trade Sales, Mr. Gangadhara Prabhu will lead the company’s Garments Trade Sales function, overseeing business development, channel expansion, distribution strategy, and sales execution. He will focus on strengthening trade partnerships, accelerating market penetration, and driving sustainable growth for the garments business across existing and new markets.

This strategic leadership appointment reflects Ramraj Cotton‘s continued commitment to strengthening its leadership team and enhancing its trade sales capabilities as it expands its garments portfolio and market presence while continuing to uphold its legacy of quality, trust, and customer excellence.

India, July 8: Earlier this month, venue regulations during tournament matches led to the Levi’s name at Levi’s Stadium being temporarily covered unintentionally proving something powerful: even without its name, the Levi’s® brand remained instantly recognisable.

Now, Levi’s® is turning that moment into a limited-edition product.

Levi’s® introduces the limited-edition Nobody’s Gonna Know Logo Tee, featuring the covered Batwing logo and inspired by the recent update to the brand’s iconic visual signature. In India, the tee will be available [on Levi.com and at Levi’s® stores] from 3 July 2026.

Introduced in 1967 and inspired by the arcuate stitching on the back pocket of Levi’s® jeans, the Batwing has become an enduring symbol of the Levi’s® brand and its denim heritage proof that sometimes less really can say more.

Even without the name, you still know it’s Levi’s.

New Delhi, July 8: Punjab & Sind Bank is pleased to announce that it has received the licence from the International Financial Services Centres Authority on 07 July 2026 to establish an IFSC Banking Unit  at GIFT City, Gandhinagar.

This milestone marks a significant step in the Bank‘s journey towards expanding its international banking presence and offering world-class offshore banking services. The IBU will cater to the financing needs of corporate, financial institutions, importers and global investors through a range of foreign currency banking, trade finance, and other international financial services.

The Bank remains committed to supporting the Government of India’s vision of developing GIFT IFSC into a leading global financial centre while strengthening its international business capabilities.

New Delhi, July 8: Biometric authentication-based Unified Payments Interface (UPI) transactions recorded significant growth in June, crossing 600 million transactions with a total value of Rs 25,416 crore.

The rise in biometric-enabled UPI payments reflects the growing acceptance of secure and convenient digital payment methods among users across the country. Fingerprint-based authentication has helped make digital transactions easier and more accessible, particularly for people in rural and remote areas.

The increase in transaction numbers highlights the expanding reach of India’s digital payment ecosystem and the growing trust among users in technology-driven financial services. Biometric authentication has emerged as an important tool in promoting financial inclusion by enabling smoother access to banking and payment facilities.

Officials said the continued growth of biometric UPI transactions is a sign of increasing adoption of cashless payment solutions. The system is expected to further strengthen secure and user-friendly digital transactions as more people embrace digital financial services.

The latest milestone reflects the rapid evolution of India’s digital economy and the efforts to create a more inclusive and accessible payment ecosystem for citizens.

July 8: On July 22, Samsung Electronics will host Galaxy Unpacked in London, U.K. – a city that moves forward, not by chasing trends, but by setting them.

Join us as we unveil the newest additions to the Galaxy portfolio, which has defined the foldable category. Combining intelligent capabilities with innovative form factors, the next generation of Galaxy devices are set to deliver more personal and adaptive experiences and set a new standard for the AI era.

The event will be streamed live on Samsung.com, Samsung Newsroom India and Samsung’s YouTube channel beginning at 6.30 p.m. IST. 

Stay tuned and make sure to register at samsung.com/unpacked for exclusive benefits, upcoming teasers, trailers and updates ahead of Galaxy Unpacked July 2026.

Mumbai: Indian equity markets witnessed a sharp decline as the Sensex fell over 1,600 points after renewed geopolitical concerns emerged following US President Donald Trump’s statement that the Iran ceasefire had ended.

The sudden escalation in tensions triggered selling pressure across global markets, with investors turning cautious amid concerns over rising uncertainty in the Middle East and its potential impact on crude oil prices, inflation and economic growth.

The decline was broad-based, with key sectors witnessing heavy losses as market sentiment weakened. Banking, energy and other major stocks came under pressure as investors assessed the possible fallout of the geopolitical developments.

Analysts said market volatility is likely to remain elevated as investors closely track further developments in the region, global crude oil movements and upcoming economic indicators.

The fall highlights the sensitivity of financial markets to geopolitical risks, with investors remaining watchful for signs of stability and clarity in international affairs.

Guwahati, July 8: The Assam Government has introduced measures to simplify approval procedures for small non-polluting units, aiming to promote entrepreneurship and improve the ease of doing business in the state.

Under the new initiative, eligible small businesses with low environmental impact will receive relief from certain approval requirements, helping reduce delays and make the process of starting operations smoother.

The move is expected to encourage more entrepreneurs, especially small business owners and local investors, to establish new ventures in Assam. By reducing regulatory hurdles, the government aims to create a more supportive environment for small industries and strengthen economic activity across the state.

The reform will also help businesses save time and resources by simplifying compliance procedures while ensuring that environmental protection standards continue to be maintained.

Officials said the initiative is part of Assam’s broader efforts to attract investment, support small enterprises and create more employment opportunities. The government expects the measure to contribute to sustainable industrial growth and strengthen the state’s business ecosystem.

New Delhi , July 8:  Chapter2Drip, the purpose-led streetwear and lifestyle brand co-founded by Rhea Chakraborty and Showik Chakraborty, has announced the opening of its first experiential retail store in Delhi at Priya Complex, Basant Lok, Vasant Vihar. This will be the brand’s third store following the success of its Mumbai stores across Bandra and Colaba. The Delhi store also marks the beginning of Chapter2Drip’s next phase of growth, reflecting the brand’s larger retail ambition to open 10 additional stores across India, an interesting new milestone in the brand’s journey of turning a powerful idea into a growing community movement.

More than a new address for fashion, the Chapter2Drip Delhi store will be a destination for people to pause, express themselves and find a sense of belonging. Along with its signature oversized fits, graphic tees, and essential co-ords, the space will be a whole vibe for immersive activities – Coffee raves, Run clubs, and mindful Yoga and Pilates sessions, all designed for consumers to connect, recharge, and just be.

Speaking on the launch, Rhea Chakraborty, Co-founder, Chapter2Drip, said,

“At its heart, Chapter2Drip was built on the concept of Metamorphosis with Change being the only constant, a complete transformation to something new, something disruptive, breaking norms of normalcy and the ordinary. We celebrate resilience, self-expression and the courage to begin again. After Mumbai, our Chapter 2 had to be Delhi, being one of India’s most influential fashion destinations, with a strong community of young consumers constantly shaping how they express themselves through style. Opening our first store here is an exciting step ahead for us, as it allows us to bring the Chapter2Drip experience closer to our Delhi audience.”

Showik Chakraborty, Co-founder, Chapter2Drip, added,

“Our move into offline retail is driven by the opportunity to build a stronger, more accessible brand ecosystem. While our digital platform helped us establish Chapter2Drip and reach audiences across the country, physical stores allow customers to engage with the product, understand the craftsmanship, and experience the brand in a more tangible way. Our Mumbai stores’ responses are a testimony to how our customers want to shop and interact with us. Delhi is an important market for contemporary streetwear and it will be exciting to see in the coming months how this audience responds. As we scale, our focus will remain on building thoughtfully located stores that strengthen our customer experience and bring Chapter2Drip closer to communities across India.” 

Chapter2Drip began in 2024 with a clear intent: to create a space where like-minded individuals could come together, connect, and discover a sense of purpose through fashion. Every piece is designed as an extension of the wearer’s personality for those finding their voice, embracing change, shaping their identity, and choosing to move forward on their own terms. 

Gandhinagar, July 8: Gujarat has moved ahead with the second phase of redevelopment of the historic Madhavpur pilgrimage site, with a focus on improving visitor facilities, preserving cultural heritage and promoting tourism.

The project aims to enhance infrastructure at the site by adding better amenities and creating a more comfortable experience for devotees and tourists. The redevelopment will also help showcase the historical and cultural importance of Madhavpur while supporting local tourism growth.

Officials said the initiative is part of Gujarat’s efforts to strengthen facilities at important heritage and religious destinations across the state. The upgraded site is expected to attract more visitors and provide improved services while maintaining its traditional character.

The redevelopment work reflects a balance between modern infrastructure development and the preservation of Madhavpur’s rich cultural legacy.