Category: Business

Hyderabad, July 06: Jos Alukkas, a trusted name in quality, innovation, and trendy jewellery in India, is hosting an exclusive exhibition of world-class diamonds – ‘Signature Jewellery Show’ from 4th to 26th July 2026, at their showroom at Chaitanyapuri Main Road.

At the show, customers can explore an exquisite collection of natural diamond jewellery from across the world, each piece meticulously crafted with precision and certified by internationally recognized laboratories. The expo will showcase Jos Alukkas’ unique and contemporary designs spanning intricately crafted necklaces, statement earrings, and bespoke bridal sets.

At the expo, customers can avail special offers – 25% discount on diamonds and get a 500mg gold coin free per carat purchased. The exclusive offer is valid till 9th July 2026. Additionally, customers can exchange their old 22KT gold for Diamond jewellery at 0% loss.

Speaking about the Signature Jewellery Show, Mr. Paul Alukkas, Managing Director, Jos Alukkas, said, “We are honoured to host our Signature diamond and fine jewellery collection in Hyderabad, a city that deeply values our commitment to quality, artistry, and timeless style. We have curated an exceptional jewellery shopping experience featuring exquisite diamond jewellery that reflects our passion for craftsmanship and innovation. The trust of our customers continues to inspire us to evolve while staying rooted in our rich heritage, and our latest collections celebrate the perfect harmony of classic craftsmanship and contemporary elegance.”

A range of unique artistic pieces will be on display and made available for purchase, making this a delight for jewellery connoisseurs and collectors. The showcase also offers customization services, allowing customers to personalise pieces to suit their individual style and preferences. 

New Delhi, July 04: Ahead of Galaxy Unpacked, Samsung has begun rolling out a playful series of teaser films across its social channels that offer the first hints of the brand’s next direction for foldables. The short videos, featuring everyday objects such as chocolate bars, pizza slices, a squeegee, a dalgona sweet, a puzzle and the Taj Mahal — appear whimsical at first glance. Look closer and a consistent shape and ratio runs through each clip, suggesting a deliberate design language and a clear signal of what’s next for Galaxy foldables. 

Since the original Galaxy Fold, Samsung has continuously broadened the foldable category to suit evolving ways people work, create, communicate, discover and consume content. The teasers underscore that ongoing evolution: rather than a single form or feature, Samsung’s foldable strategy emphasises choice — different formats, new interactions and richer experiences designed for real-world use.

The teaser campaign aligns with Samsung’s long-term approach: marry engineering innovation with consumer insight to make foldable experiences not only possible but genuinely useful. Over successive generations, Samsung has expanded the Galaxy Z lineup with designs and features that address productivity, creativity and self-expression. The latest hints suggest that the company will continue to extend that range — providing customers with greater choice in size, aspect ratio and interaction models.

July 4: Gold prices recorded their first weekly gain since May, supported by easing concerns over additional US Federal Reserve rate hikes and improved investor sentiment in global markets.

The precious metal benefited from expectations that interest rates may remain steady in the near term, reducing pressure on non-yielding assets like gold. This shift in outlook encouraged renewed buying interest from investors seeking safe-haven assets amid ongoing global economic uncertainty.

Market participants noted that the softer tone on monetary tightening helped stabilize demand for gold, while fluctuations in the US dollar and bond yields also contributed to price movements during the week.

Analysts believe that gold may continue to attract support if expectations of prolonged high interest rates further diminish. However, they also caution that upcoming economic data and central bank signals will remain key drivers of price direction.

Overall, the weekly performance reflects improving sentiment in commodity markets and growing investor confidence in gold as a hedge against global financial uncertainty.

July 4: India and Israel have reached a significant milestone in their economic relationship with the entry into force of a landmark bilateral investment agreement, paving the way for stronger investment flows, enhanced business collaboration, and greater economic cooperation between the two nations.

The agreement establishes a modern and transparent framework for promoting and protecting investments, providing greater confidence to businesses and investors seeking opportunities in both markets. By ensuring a stable and predictable investment environment, the pact is expected to encourage long-term capital flows and facilitate deeper commercial engagement across strategic sectors.

The implementation of the investment agreement is anticipated to unlock new opportunities in areas such as technology, innovation, manufacturing, agriculture, healthcare, renewable energy, cybersecurity, defence, and digital infrastructure. Businesses from both countries are expected to benefit from improved investment security, streamlined regulatory processes, and enhanced market access, fostering stronger cross-border partnerships.

India and Israel have steadily expanded their strategic relationship over the years, with economic ties emerging as a key pillar of bilateral cooperation. The new investment framework reflects the shared commitment of both governments to strengthening trade, promoting innovation-driven growth, and supporting sustainable economic development through increased private-sector participation.

Industry leaders believe the agreement will further boost investor confidence by reducing investment risks and creating a more predictable business environment. The pact is also expected to encourage joint ventures, technology transfers, research collaborations, and greater participation by startups and emerging enterprises, reinforcing the innovation ecosystems of both countries.

As global businesses continue to diversify investments and strengthen international partnerships, the agreement positions India and Israel to capitalize on new growth opportunities while expanding bilateral trade and investment. It also aligns with the broader objective of enhancing economic resilience and fostering mutually beneficial partnerships in an evolving global business landscape.

The coming into force of this landmark investment pact marks a new chapter in India–Israel economic relations, laying the foundation for stronger investment cooperation, sustained business growth, and a deeper strategic partnership in the years ahead.

India’s benchmark equity indices, the Nifty 50 and BSE Sensex, concluded the week on a strong note, extending their upward momentum as sustained correction in global crude oil prices significantly improved investor sentiment. The decline in crude prices eased concerns over inflationary pressures and India’s import bill, creating a favourable environment for equities and encouraging broad-based buying across sectors.

July 4: Throughout the week, market participants remained optimistic amid improving global cues, steady foreign institutional investment, and expectations of a stable domestic economic environment. Lower energy costs strengthened confidence in sectors that are sensitive to input prices, while investors continued to accumulate fundamentally strong stocks across large-cap and broader market segments.

The rally was broad-based, with information technology, pharmaceuticals, financial services, real estate, and select consumer-focused stocks emerging among the key contributors to the market’s gains. Mid-cap and small-cap indices also witnessed healthy buying interest, reflecting improved risk appetite and growing confidence among retail and institutional investors alike.

The sustained correction in crude oil prices is expected to provide multiple benefits to the Indian economy. Lower fuel and transportation costs can help ease inflationary pressures, improve corporate profit margins, reduce pressure on the country’s current account deficit, and support overall economic growth. These factors collectively strengthened investor confidence during the week and reinforced expectations of continued market stability.

Market participants also remained encouraged by resilient domestic economic fundamentals, healthy corporate balance sheets, and expectations of sustained policy support. While global uncertainties continue to warrant caution, the combination of easing commodity prices and steady domestic demand has provided a supportive backdrop for Indian equities.

Looking ahead, investors are expected to closely monitor upcoming corporate earnings, domestic macroeconomic indicators, global monetary policy developments, and movements in commodity prices for further market direction. Analysts believe that if crude oil prices remain stable and broader global conditions continue to improve, Indian equity markets are well-positioned to sustain their positive momentum in the coming weeks.

The week’s strong performance underscores the resilience of India’s capital markets and highlights growing investor confidence in the country’s long-term economic prospects despite an evolving global environment.

Mumbai, July 04: India’s transition toward green steel is fundamentally changing how steelmakers view scrap procurement. As the country moves toward its target of 300 million tons of steelmaking capacity by 2030, a growing share of production is expected to come from electric arc furnaces (EAFs) and induction furnaces (IFs), both of which rely heavily on scrap as a key raw material.

The shift is being driven not only by economics but also by sustainability considerations. Scrap-based steelmaking can reduce carbon emissions by 60-70 percent compared to the conventional blast furnace route, making it a critical component of decarbonisation efforts.

As environmental, social and governance (ESG) requirements gain prominence, steelmakers are increasingly focusing on the quality, consistency, traceability and carbon footprint of scrap. Procurement strategies are evolving from opportunistic buying to structured sourcing backed by certification, digital tracking and long-term supply partnerships.

“In the coming years, scrap will no longer be viewed merely as a low-cost raw material. Instead, it will emerge as a strategic resource that helps steel producers meet both sustainability goals and operational requirements in an increasingly carbon-conscious market,” Vinaya Varma, MD & CEO, mjunction, said.

The country’s steel scrap ecosystem is undergoing a transformation driven by vehicle scrappage policies, industrial recycling initiatives, urban mining opportunities and the growing need to reduce dependence on imported scrap. At the same time, evolving green steel requirements are pushing industry stakeholders to focus on quality assurance, traceability, certification and efficient supply chain management.

Commenting on the coking coal scenario — a critical raw material for steelmaking — he noted, “While thermal coal imports have declined over past few months, coking coal import volumes are trending upward. Given the sustained growth in hot metal production, we expect this momentum to continue.” 

After registering a 6% year-on-year increase in FY 2025-26, hot metal production continued its upward trajectory with a 2% year-on-year growth during April–May 2026. Consequently, coking coal imports for April–May 2026 reached approximately 12.5 million tons (mt), marking a 27.5% surge from the 9.8 mt recorded during the same period last year. 

Interestingly, overall coal and coke imports have dropped by an estimated 6.5% through May 2026 compared to the previous year. 

Given the country’s heavy reliance on imports to meet its coking coal needs, developing an efficient scrap–sourcing ecosystem has become increasingly vital. 

Against this backdrop, mjunction services limited will organise the 13th Indian Steel Markets Conference (ISMC 2026) in New Delhi on July 8-9, 2026, under the theme “Steelathon: Shaping the Steel-to-Scrap Value Chain.”

The two-day conference will bring together leading voices from the steel, scrap, mining, infrastructure, automotive, logistics, finance and policymaking communities to discuss the challenges and opportunities shaping the sector’s next growth phase.

The conference will feature around 30 eminent speakers representing major steel producers, mining companies, infrastructure developers, automotive manufacturers, financial institutions, logistics providers and policy bodies.

Chandigarh, July 04: The Chandigarh Power Distribution Limited (CPDL) has credited the value of banked surplus solar units generated through rooftop solar plants to consumers for the financial year 2025–26. 

Under the Net Metering Regulations, rooftop solar consumers of CPDL do not lose the value of the surplus electricity exported to the grid. The excess energy generated is banked throughout the financial year and adjusted against future electricity consumption. Any unutilised banked units remaining at the end of the financial year are credited to the consumer at the Average Power Purchase Cost (APPC) approved by the Joint Electricity Regulatory Commission (JERC).  

Each month, the energy exported out of the rooftop solar plant is adjusted against the units imported from CPDL. If the consumer exports more units than imported, then the surplus units are banked to the next month and continue to be adjusted against future imports. At the close of the financial year, any remaining banked units are compensated for at the applicable APPC. For FY 2025–26, the APPC approved by JERC is Rs 3.61 per unit.  

For example, a consumer with 1000 banked units as on March 31, 2026, would receive a credit of Rs 3610, which reflected in the recent electricity bill under the head “Excess Solar Energy Credit @ APPC.”  

Bhubaneswar: CSM Technologies has achieved a historic milestone by becoming the first Odisha-born technology company to be listed on the mainboards of the BSE and the National Stock Exchange of India.

Marking the occasion, Priyadarshi Nanu Pany reflected on the company’s 28-year journey, highlighting that the achievement is rooted not only in business growth but also in its people-centric values.

Over nearly three decades, CSM Technologies has grown to a workforce of more than 1,700 employees, serving over 200 clients with the support of more than 100 partners. The company credited its success to its “People First” philosophy, which has helped nurture talent, build long-term relationships, and foster a culture of collaboration and purpose.

Expressing gratitude to current and former employees, the company’s leadership said the landmark listing belongs to every member of the CSM family who contributed to the organisation’s growth and transformation over the past 28 years, reaffirming its commitment to innovation, excellence, and creating lasting value for stakeholders.

Paradip: World Trade Center Bhubaneswar, in association with National Small Industries Corporation, successfully organised an Awareness Programme on the MSME TEAM (Trade Enablement & Marketing) Initiative to mark International MSME Day 2026 at the IFFCO Community Hall in Paradip.

The event brought together MSMEs, self-help groups (SHGs), entrepreneurs, industry representatives, and government officials to explore new opportunities in digital commerce, market access, and business growth through the MSME TEAM Initiative and the Open Network for Digital Commerce.

The programme was graced by Sampad Chandra Swain, Hon’ble Minister for Industries, Skill Development & Technical Education, Government of Odisha. Addressing the gathering, the Minister reiterated the state’s commitment to strengthening the MSME ecosystem by promoting digital adoption, enhancing market access, and supporting entrepreneurship.

The organisers acknowledged the support of NSIC, dignitaries, industry partners, speakers, and participants for contributing to the success of the programme. The initiative reflects a shared commitment to building a stronger, digitally empowered, and globally competitive MSME ecosystem in Odisha through greater collaboration and innovation.

Bhubaneswar: In a significant step towards strengthening industrial growth and sustainable development in Odisha, the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) and ACME Group signed a Memorandum of Cooperation (MoC) to promote collaboration in clean energy, advanced manufacturing, and industrial development.

The agreement was signed by Aboli Sunil Naravane, Managing Director of IPICOL, and Manoj Kumar Upadhyay, Founder and Chairman of ACME Group.

The MoC aims to foster strategic cooperation in developing clean energy projects, encouraging advanced manufacturing capabilities, and accelerating industrial investments in Odisha. The collaboration is expected to support the state’s vision of becoming a leading destination for sustainable industries while creating new opportunities for investment, innovation, and employment.

The partnership marks an important milestone in Odisha’s efforts to attract next-generation industries and strengthen its position as a hub for green and future-ready industrial development.