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  • NITI Aayog Plans Global Licensing Push for Ayurveda

    July 3: NITI Aayog has proposed a global licensing framework to help standardise Ayurveda practices and products and expand their acceptance in international markets.

    The proposal aims to create uniform global standards, improve quality certification, and make it easier for Ayurveda-based products and services to be recognised abroad. It is also expected to support exports and encourage greater international collaboration in traditional medicine.

    The initiative is part of efforts to position Ayurveda more strongly in the global wellness and healthcare sector while ensuring credibility, safety, and consistency across offerings.

     

  • Indian Business Titans Join Global AI Commission

    July 3: Prominent Indian industrialists including Sunil Bharti Mittal, Mukesh Ambani, and Lakshmi Mittal are among 44 founding members of the newly launched “AI for Good Global Commission,” aimed at guiding the responsible and inclusive use of artificial intelligence.

    The commission brings together global leaders from business, policy, and technology to explore how AI can be used to address major challenges such as healthcare, education, climate change, and economic development.

    According to the announcement, the initiative focuses on ensuring that AI development remains safe, ethical, and beneficial to society, while also encouraging innovation and cross-border collaboration.

    The participation of leading Indian business figures highlights the country’s growing role in shaping global conversations on emerging technologies and their impact on the future economy.

  • India Urged to Strengthen Carbon Markets Amid EU Carbon Tax Pressure

    July 3: Indian industry leaders are urging the government to strengthen the country’s carbon markets, as the European Union’s Carbon Border Adjustment Mechanism (CBAM) begins to reshape global trade dynamics.

    They warn that the EU’s carbon-linked import tax is pushing exporters to account for emissions more strictly, which could affect the competitiveness of Indian goods in international markets if domestic systems are not strengthened in time.

    Experts say a well-functioning carbon trading system in India would help industries manage rising compliance costs while also encouraging cleaner and more efficient production practices.

    Sectors such as steel, cement, and chemicals are expected to feel the impact the most, as they are highly emissions-intensive and closely linked to export demand.

    Industry representatives are now calling for faster policy action to build a stronger carbon market framework, saying it is essential for protecting trade interests while supporting India’s long-term climate commitments.

  • Nifty Ends Above 24,270, Posts Weekly Gain on Positive Global Cues

    July 3: India’s benchmark equity index, the Nifty, closed above the 24,270 mark at the end of the week’s trading session, registering a gain of around 1% for the week amid positive global market sentiment and sustained investor confidence.

    The rally was supported by favourable international cues, improving risk appetite among investors, and buying interest across key sectors. Market participants also tracked global economic developments and expectations surrounding monetary policy, which contributed to the positive momentum.

    Analysts noted that strong participation from domestic investors and selective buying in heavyweight stocks helped the benchmark index maintain its upward trajectory despite intermittent market volatility.

    The week’s performance reflects continued resilience in the Indian equity market, with investors remaining optimistic about the country’s economic outlook and corporate earnings. Market experts expect global developments, domestic macroeconomic indicators, and quarterly earnings announcements to remain key drivers of market sentiment in the coming weeks.

  • Odisha, Japan Forge Strategic Partnership for INR 67,000-Crore Green Energy and Industrial Projects

    Bhubaneswar, July 3 (UDN): Odisha took a major step towards strengthening its economic partnership with Japan on Thursday by signing a Memorandum of Cooperation (MoC) with IHI Corporation and ACME Group to jointly explore large-scale investments in green energy, advanced manufacturing and industrial infrastructure.

    Odisha, Japan Forge Strategic Partnership for INR 67,000-Crore Green Energy and Industrial Projects

    The agreement was signed during an Interaction with Japanese Business Delegates hosted by the Odisha Government, reaffirming the state’s growing reputation as a preferred destination for global investments and clean energy projects.

    Under the proposed collaboration, projects worth nearly ₹67,000 crore are planned across Odisha, with the potential to generate around 7,000 direct employment opportunities.

    The proposed investments include a 0.4 million tonnes per annum (MTPA) green ammonia project at Gopalpur Tata SEZ, involving an investment of ₹20,000 crore and expected to create nearly 3,400 jobs. The project will also include a jetty-less floating terminal with an additional investment of ₹1,000 crore.

    Another major proposal involves setting up a 0.8 MTPA green ammonia plant at Paradip with an estimated investment of ₹34,000 crore, generating employment for around 3,600 people. In addition, a green methanol project with an investment of ₹12,000 crore has also been proposed as part of the collaboration.

    The partnership is expected to facilitate technology transfer, accelerate the adoption of clean energy technologies and promote sustainable industrial development in Odisha. It also aims to strengthen the state’s position as a key hub for green hydrogen, green ammonia and advanced manufacturing in eastern India.

    The business interaction brought together senior representatives from the Odisha Government, Japanese industries, the Embassy of Japan, the World Bank Group, industry associations and leading industrial enterprises to explore opportunities across sectors such as renewable energy, aerospace, shipbuilding, steel, chemicals, logistics, industrial infrastructure and engineering.

    Speaking on the occasion, Chief Minister Mohan Charan Majhi said the collaboration marks another milestone in Odisha’s industrial growth journey and reflects the deepening economic ties between Odisha and Japan. He invited Japanese companies to partner with the state in creating globally competitive industries that promote innovation, technology transfer and quality employment.

    Industries Minister Sampad Chandra Swain said Odisha continues to offer a favourable investment climate backed by progressive industrial policies, modern infrastructure and responsive governance. He reiterated the government’s commitment to facilitating timely implementation of investment proposals.

    Representatives of IHI Corporation and ACME Group expressed confidence in Odisha’s industrial potential, highlighting the state’s strategic location, abundant natural resources and investor-friendly ecosystem. They said the partnership would combine Japanese technological expertise with Odisha’s industrial strengths to develop globally competitive clean energy projects.

    Officials said the initiative is expected to boost ancillary industries, create opportunities for MSMEs and skilled youth, and support India’s transition towards a low-carbon economy while further strengthening the long-standing economic partnership between Odisha and Japan.

  • XECH Launches Monsoon Campaign with Attractive Offers During Amazon Prime Days

    XECH Launches Monsoon Campaign with Attractive Offers During Amazon Prime Days

     

    Mumbai, July 3: XECH Technologies, a leading manufacturer of innovative portable home appliances and consumer electronics, has announced the launch of its latest seasonal campaign, “This monsoon – Simplify life with new-age appliances.” Timed to coincide with Amazon Prime Days, the campaign brings together a curated selection of smart lifestyle gadgets aimed at making everyday/ routines easier during the rainy season.

    The monsoon often brings with it a unique set of everyday challenges, from managing humidity and maintaining hygiene to staying prepared for sudden travel or work disruptions. Keeping this in mind, XECH’s campaign focuses on offering practical, design-led solutions that seamlessly integrate into modern lifestyles. The product range includes compact and portable gadgets that prioritize ease of use, efficiency, and reliability, helping consumers stay comfortable and organized regardless of weather conditions.

    As part of the campaign, customers can enjoy special discounts across XECH’s entire product portfolio, including offerings from its sub-brands Everyday Organisers and Timalfi, both of which are known for their functional and thoughtfully designed lifestyle products. The campaign reinforces XECH’s ongoing commitment to innovation, combining technology with real-world usability.

    Commenting on the campaign, Pranay Punjabi, Founder & CEO of XECH Technologies, said: “With this campaign, we wanted to focus on solving real, practical problems through smart, thoughtfully designed products. The monsoon season often disrupts daily routines, and our goal is to offer solutions that bring ease and convenience into people’s lives.”

    Niranjan Shendge, Head – D2C, XECH Technologies, added: “Amazon Prime Days is the perfect opportunity for customers to upgrade their everyday essentials. Through our campaign, we are offering attractive deals and exciting new launches across XECH, Everyday Organisers, and Timalfi. We expect strong demand as consumers continue to seek smart, practical, and value-driven products during the monsoon season.”

    Consumers can take advantage of exclusive deals and limited-time offers during Amazon 10-year Anniversary Prime Days from July 4 to July 6, 2026, making it an ideal opportunity to upgrade their everyday essentials with smart, innovative gadgets.

     

     

     

  • Housing Affordability Holds Firm Across Most Major Indian Cities: Report

    July 3: Housing affordability remained largely unchanged across six of India’s eight major cities, indicating continued resilience in the residential real estate market despite evolving economic conditions, according to a recent industry report.

    The report attributes the stable trend to steady income growth, relatively stable home loan rates, and balanced residential property prices in most urban markets. Together, these factors have helped preserve homebuying capacity for prospective buyers.

    Although affordability moderated in two cities due to rising property prices and financing costs, the overall outlook for the housing sector remains positive. Demand continues to be driven primarily by end-users, supported by improving consumer sentiment and sustained interest in home ownership.

    According to the report, stable affordability is expected to support continued growth in the residential real estate sector, with developers focusing on demand across both mid-income and premium housing segments.

  • RBI Initiative Drives Growth in NRI Deposits

    July 3: Banks across India have reported an increase in Non-Resident Indian (NRI) deposits following the implementation of the Reserve Bank of India’s (RBI) new deposit scheme, reflecting growing confidence among overseas Indians in the country’s banking system.

    The uptick in deposits is attributed to the RBI’s measures aimed at making NRI deposit products more attractive and improving the flow of foreign currency into the domestic financial system. The initiative is expected to strengthen banks’ foreign currency resources while supporting overall liquidity.

    Banking industry officials noted that the enhanced deposit inflows underscore the effectiveness of the RBI’s policy measures in encouraging greater participation from the Indian diaspora. The additional funds are expected to help banks diversify their funding base and support credit growth across sectors.

    The increase in NRI deposits also highlights sustained confidence in India’s economic outlook and financial stability. Industry experts believe that continued policy support and favourable market conditions could further boost overseas deposits in the coming months.

  • Quick Commerce Emerges as a Structural Shift in Urban Retail: Report

    July 3: Quick commerce has transitioned from being a convenience-focused service to a permanent structural shift in India’s urban retail landscape, reshaping consumer purchasing behaviour and retail business models, according to a recent industry report.

    The report states that rapid delivery platforms are now becoming an integral part of everyday shopping, with consumers increasingly using them to purchase groceries, household essentials, personal care products, electronics, and other daily-use items.

    The growth of the sector is being driven by changing consumer preferences, expanding delivery networks, improved last-mile logistics, and a wider range of products available through quick commerce platforms. At the same time, retailers and consumer brands are strengthening their presence in the segment as it emerges as a key sales and customer engagement channel.

    According to the report, the continued expansion of quick commerce is expected to accelerate the digital transformation of India’s retail sector, prompting businesses to adapt their supply chains, inventory management, and fulfilment strategies to meet rising demand for faster deliveries.

     

  • AVer Information Joins PSNI Global Alliance to Deliver Scalable and AI-Driven Collaboration Solutions Worldwide

    AVer Information Joins PSNI Global Alliance to Deliver Scalable and AI-Driven Collaboration Solutions Worldwide

     

    Taipei, Taiwan – July 3: AVer Information Inc., an award-winning provider of AI audio-video solutions, has been selected as a Preferred Vendor Partner (PVP) of PSNI Global Alliance, the world’s leading network of professional audiovisual and technology integrators with more than 100+ Certified Solution Partners (CSPs) with 300+ licensed office locations spanning 70+ countries across six continents. Admittance into the exclusive PSNI ecosystem requires passing a rigorous peer-vetting and evaluation process governed directly by the alliance’s global integrator network, ensuring they work only with manufacturers recognized for innovation, reliability, and service excellence.

    “AVer is a recognized innovator in their respective categories, and we’ve heard from our CSPs that deeper access to these brands will make a direct impact on how they design, deliver and support solutions for their clients,” said Chris Miller, Executive Director of PSNI Global Alliance. “This is exactly the kind of growth the Alliance exists to drive — connecting our CSPs with the best partners in the industry so they can deliver exceptional outcomes around the world.”

    “PSNI holds its preferred vendors to an incredibly high operational standard, and we’re proud that AVer’s track record of manufacturing reliability earned us a place in that ecosystem,” says David Kuo, President of AVer Information. “This partnership puts AVer’s professional auto tracking cameras and collaboration solutions in front of the elite integrators who are shaping how organizations communicate and collaborate globally, while ensuring robust channel protection for our mutual deployment partners.”

    For end users and enterprise clients, the partnership means greater access to AVer’s industry-recognized solutions through certified integrators equipped to design, deploy, and support projects at scale. Crucially, this partnership addresses the market’s critical demand for true presentation and meeting equity, guaranteeing that remote participants experience the same seamless engagement and visual clarity as those physically present in the room across complex multi-site installations in healthcare, education, and Pro AV environments.

    AVer’s inclusion in the PSNI network reflects the company’s continued momentum in the global professional AV market. AVer’s ecosystem-certified solutions are already deployed across a wide range of demanding environments, including ISO 13485 certified medical facilities, corporate boardrooms, university lecture halls, and broadcast studios, fully backed by standardized global manufacturer warranties and proactive project registration protections.