2, Jul 2026
India Exports Punjab Litchi to Oman for the First Time
New Delhi, July 2: In a significant boost to India’s agricultural exports, fresh litchis from Punjab have been exported to Oman for the first time, Union Commerce and Industry Minister Piyush Goyal said on Thursday.
The milestone marks an important step in expanding the global reach of Indian horticultural products and strengthening India’s presence in international fruit markets. Officials said the export reflects improved supply chain efficiency, quality standards, and growing global demand for Indian produce.
The initiative is expected to benefit farmers in Punjab by opening new export opportunities and enhancing income prospects through access to overseas markets.
The government has been focusing on promoting agricultural exports through better logistics, compliance with international standards, and strengthening trade partnerships with importing countries.
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- By Neel Achary
2, Jul 2026
India’s Auto Industry Expected to Maintain Strong Momentum in FY27: Report
New Delhi, July 2: India’s automobile sector is projected to continue its strong growth trajectory in the financial year 2026–27 (FY27), supported by steady demand across key segments, according to a recent industry report.
The report states that passenger vehicles, two-wheelers, and commercial vehicles are expected to drive overall growth, backed by improving consumer sentiment, stable economic conditions, and ongoing infrastructure development across the country.
It further highlights that rising interest in electric vehicles, along with rural demand recovery, will play a key role in sustaining industry momentum in the coming year.
Automobile manufacturers are also focusing on new model launches, technology upgrades, and capacity expansion to meet evolving market requirements and regulatory standards.
Industry observers note that easing input cost pressures and improved supply chain efficiency are likely to further support the sector’s growth outlook in FY27.
2, Jul 2026
Centre Fiscal Deficit Widens to INR 1.62 Trillion in Apr–May FY27
New Delhi, July 2: India’s central government fiscal deficit widened to ₹1.62 trillion during April–May of FY27, driven by higher expenditure on subsidies and increasing interest payments, according to a recent report.
The rise in deficit reflects increased government spending in key welfare and financial obligation areas during the initial months of the fiscal year. Analysts note that elevated subsidy allocations and debt servicing costs have contributed significantly to the widening gap.
Despite the increase in fiscal deficit, overall expenditure trends remain aligned with budgetary commitments for the fiscal year. Officials are expected to monitor spending patterns closely in the coming months to maintain fiscal discipline.
The report highlights the importance of balancing developmental expenditure with fiscal consolidation goals as the government progresses through FY27.
2, Jul 2026
GM Modular Showcases Premium G plus Range at AYC Fest 2026, Strengthening Connect with Gen Z
India, July 02: GM Modular, one of India’s leading electrical and smart home solutions brands, marked a significant presence at AYC Fest 2026, held at the Jio World Convention Centre, BKC, Mumbai, with an engaging brand experience showcasing its premium G+ range of music and mobile accessories and smart electrical solutions.
The three-day youth-centric festival, celebrated for its vibrant mix of music, dance, entertainment and lifestyle experiences, attracted thousands of young attendees from across the city. Aligning perfectly with the event’s energetic spirit, GM Modular’s experiential stall at Stall No. 49, Pavilion 1 emerged as one of the key attractions, drawing an impressive footfall of over 5000 + visitors throughout the event.
Designed as an interactive experience zone, the GM stall allowed visitors to explore and experience the brand’s latest innovations firsthand. Products such as the G+ Wireless Charger, G+ International Travel Adaptor, premium charging solutions, audio accessories and smart mobile gadgets generated significant interest among students, creators, young professionals and tech enthusiasts.
The curated showcase resonated strongly with the audience, who appreciated the seamless blend of cutting-edge technology, premium design, portability and everyday convenience. Live product demonstrations and hands-on experiences enabled visitors to understand how GM’s G+ ecosystem effortlessly complements today’s fast-paced, digitally connected lifestyle.
Speaking on the occasion, Mr. Jayanth Jain, CEO and Managing Director, GM Modular, said, “Consumer expectations around electrical products are rapidly evolving. Today’s young, discerning consumer seeks solutions that are not just reliable, but thoughtfully designed and seamlessly integrated into their everyday lives. AYC Fest gave us a unique opportunity to bring our G+ range closer to a new generation of consumers –one that values innovation, style and smart living in equal measure.”
GM Modular’s participation at AYC Fest 2026 reflects the brand’s ongoing strategy to strengthen its connection with Gen Z and young millennials through experiential marketing and youth-focused engagements, going beyond traditional retail touchpoints to create authentic, memorable interactions with its products.
As India’s premium electrical and lifestyle accessories segment continues to grow ,driven by rising aspirations, digital-first living and a deepening focus on design – GM Modular remains at the forefront with its expanding G+ portfolio, offering solutions that are as intelligent as they are elegant.
2, Jul 2026
India’s Coal Output Rises 14.9 pc to 17.88 Million Tonnes in June
New Delhi, July 2: India’s coal production increased by 14.9 per cent year-on-year to 17.88 million tonnes in June, reflecting continued growth in domestic coal output and stable supply momentum across the sector.
The rise in production highlights improved mining operations and sustained demand from key consuming sectors, particularly power generation and industry. Officials noted that the growth trend is aligned with ongoing efforts to strengthen domestic coal availability and reduce supply constraints.
Industry observers said the increase in output underscores steady operational performance across coal-producing regions, supported by better logistics and enhanced mining efficiency.
With demand for energy remaining firm, coal production is expected to play a crucial role in maintaining supply stability in the coming months.
Overall, the June performance indicates continued resilience in India’s coal sector amid evolving energy requirements.
2, Jul 2026
Policy Changes Expected to Shape Bullion Market Outlook in H2 2026
New Delhi, July 2: The bullion market is expected to remain sensitive in the second half of 2026 as recent tax revisions and customs duty adjustments begin to influence overall trade dynamics.
Market observers indicate that changes in fiscal policies may affect gold and silver demand, pricing trends, and import activity. Retail sentiment and investment demand are also likely to respond to the evolving tax structure and regulatory updates.
Industry experts are closely tracking both domestic policy developments and global economic conditions to assess their impact on bullion prices. Stability in taxation and customs policy is expected to play a key role in supporting market confidence in the coming months.
Overall, the bullion sector is likely to experience fluctuations driven by policy adjustments and international market trends through H2 2026.
2, Jul 2026
AFC Furniture Solutions Maharashtra Push Targets Nagpur’s MIHAN And Pune’s Hinjewadi Industrial Zones.
Mumbai , July 2 : AFC Furniture Solutions, India’s fastest-growing manufacturer of modular and ergonomic office furniture, has announced expansion beyond the established Mumbai market, targeting Pune’s technology corridors and Nagpur’s MIHAN zone.
The company is targeting 25–30% of its revenue from western India, driven by the strong demand from over 900 companies located across the Special Economic Zone and non-SEZ areas of Hinjewadi, as well as Nagpur’s Multi-modal International Cargo Hub and Airport . AFC’s plans correlate to Pune’s Q1 2026 numbers that, according to Cushman & Wakefield, reported GCCs driving 69 percent of the city’s total office leasing demand, concentrated across Hinjewadi, Kharadi, and Baner. AFC is an early mover in Nagpur’s MIHAN zone. With many companies in various stages of operations and operational preparedness, the state plans to develop New Nagpur as a full-scale business and financial district on the lines of Mumbai’s BKC.
“The Maharashtra GCC Policy 2025 was the clearest signal yet of the state’s investment plans and industrial growth. The plan targets 400 new Global Capability Centres, 4,00,000 high-skilled jobs, and Rs 50,600 crore in investments across the state by FY 2029-30. The policy has put institutional momentum behind markets that AFC had already identified as the next wave,” said Maanoj Tomar, Founder, AFC Furniture Solutions.
AFC Furniture Solutions already has a large presence in Mumbai’s commercial real estate market. The company has delivered Trilegal, Emirates, Tata Capital, WNS Mumbai, HDFC Aeroli, Unity Bank, ICICI Bank, IDFC Bank, and NPCI across the state, building on the systems and client relationships developed through its Mumbai operations. The company plans to scale this presence throughout the state through project acquisitions, deeper design consultancy, efficient executions, and stronger partnerships with developers and architects in the region.
AFC’s 4 lakh sq. ft. IGBC gold-rated manufacturing facility at Noida produces over 18,000 workstations and ergonomic seating systems every month. Its landmark fit-out at Noida International Airport, where AFC deployed over 6,000 low-emission furniture systems across nearly 1 lakh sq m with a recyclability rate of 66 per cent, reflects the kind of large-scale, ESG-compliant delivery that GCC operations in Maharashtra are increasingly demanding. As India’s first BIFMA Level 3 certified furniture manufacturer, AFC will bring that capability directly to the state’s growth markets in Pune and Nagpur.
“We have had a strong run in Greater Mumbai, and that gave us a good read on Maharashtra’s market. When we saw the GCC Policy come through, and when the Pune and Nagpur numbers started aligning with what we had anticipated, the decision to push harder was straightforward. We are not reacting to this market. We saw it coming, and we are ready for it,” added Tomar.
2, Jul 2026
India and Japan Deepen Strategic Partnership with New Collaboration and Investment Commitments
New Delhi, July 2: India and Japan have further strengthened their strategic partnership following bilateral talks between Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi. The meeting concluded with several key initiatives aimed at expanding cooperation in technology, manufacturing, trade, and economic development.
One of the key outcomes was the signing of the first bilateral agreement for the joint development of advanced industrial and strategic technologies, reflecting the growing trust and collaboration between the two countries. The initiative is expected to promote innovation, research, technological advancement, and stronger industrial partnerships.
The discussions also highlighted Japan’s continued confidence in India’s growth story, with Japanese companies expected to announce investments of around $12.5 billion across multiple sectors. The proposed investments are anticipated to support manufacturing, infrastructure development, clean energy, and emerging technologies while creating employment opportunities and strengthening industrial growth.
Both leaders reaffirmed their commitment to expanding bilateral cooperation and building stronger economic and strategic ties. The talks focused on promoting innovation, enhancing business partnerships, improving regional connectivity, and fostering sustainable growth for the mutual benefit of both nations.
The outcomes of the summit reflect the continued progress of the India–Japan partnership and underscore the shared vision of both countries to build a stronger, future-ready relationship founded on mutual trust, collaboration, and shared prosperity.
2, Jul 2026
PM Modi, Japan PM to Inaugurate Maruti Suzuki Plant in Haryana
Haryana, July 2: Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi are set to jointly inaugurate Maruti Suzuki’s fourth manufacturing plant in Kharkhoda, Haryana, marking a key milestone in India–Japan industrial cooperation.
The new facility is expected to strengthen India’s automobile manufacturing capacity under the ‘Make in India’ initiative, featuring advanced production systems, improved efficiency, and large-scale employment opportunities.
The Kharkhoda plant is part of Maruti Suzuki’s broader expansion strategy aimed at increasing production output and meeting growing domestic and global demand for automobiles. The inauguration also highlights the deepening economic and strategic partnership between India and Japan in the manufacturing sector.
2, Jul 2026
DriveX Mobility Accelerates Karnataka Expansion with new Store in Bengaluru’s Ganga Nagar
Bengaluru, July 02: DriveX, a pioneering pre-owned two-wheeler platform, today announced the launch of its newest Company-Owned Company-Operated (COCO) outlet in Ganga Nagar, Bengaluru. The new facility further strengthens the company’s retail footprint in Karnataka and marks its seventh COCO store in Bengaluru, underscoring DriveX’s continued focus on scaling its organised retail network and making trusted, high-quality pre-owned mobility solutions more accessible to customers.
The launch represents another important milestone in DriveX’s ongoing expansion strategy as it continues to expand its network of more than 50 outlets through a combination of company-owned and franchise-led models.
Strategically located in one of North Bengaluru’s rapidly developing corridors, the Ganga Nagar store is designed to cater to the increasing demand for reliable and affordable pre-owned two-wheelers. The outlet will provide customers with a transparent and hassle-free buying experience, backed by quality assurance, financing solutions, warranty support, and post-purchase assistance.
Customers visiting the new store will have access to a curated portfolio of quality-verified pre-owned two-wheelers spanning multiple brands and models. Every vehicle undergoes comprehensive inspections and quality checks before being offered for sale. The outlet also offers DriveX Finance solutions to make ownership more accessible, along with exchange options and customer support services that simplify the purchase journey.
Commenting on the launch, Devesh Taparia, CEO, DriveX Mobility, said: “Every new store reflects our broader vision of making trusted and organised pre-owned mobility accessible to more customers. As demand for reliable and value-driven transportation continues to grow, we are focused on building a strong omnichannel ecosystem that combines quality-assured vehicles, financing, exchange, and after-sales support. Our expansion strategy is centred on delivering superior customer experience while strengthening DriveX’s leadership position in the organised pre-owned two-wheeler market.”
The inauguration of the Ganga Nagar outlet further reinforces DriveX’s vision of bringing greater structure and trust to India’s largely unorganised pre-owned two-wheeler market. As the company continues its retail expansion across key urban centres, it remains focused on enhancing accessibility, affordability, and customer confidence through a consistent and technology-enabled ownership experience.
