export controls

Industry Bodies Say Move Will Help Indian Firms Compete With Bangladesh, Vietnam And China

Rajesh Mehta, once a prominent figure in Karnataka's jewellery scene with brands like Shubh and Laabh, has seen his retail ventures wind down amidst Sebi investigations. His journey began with gold refining and manufacturing, evolving into a global player after acquiring Swiss refinery Valcambi. A planned advanced display manufacturing facility in Telangana also faces uncertainty due to ongoing probes.

SEBI’s interim order against Rajesh Exports raises a simple question: has one of India’s biggest gold companies been showing investors revenues that didn’t exist?

An Indian-designed autonomous combat aircraft entering the European manufacturing ecosystem is an endeavour Indian defence planners seemingly wanted for years. But beyond the symbolism lies a far bigger story involving military technology, Nato interoperability, artificial intelligence, export controls, defence geopolitics and the rapidly changing nature of modern warfare. The agreement also highlights something increasingly visible in global defence manufacturing as the military power is no longer built entirely inside geographical limits.

Jamshid Ghomi, a dual US-Iranian national, has been arrested for allegedly violating US sanctions by shipping sophisticated US-origin technology to Iran. He is accused of supplying networking, security, and encryption equipment to Iran's nuclear and military establishments, earning millions and laundering proceeds into his US accounts.

Ukraine is stepping up its game by launching strikes deep into Russian territory, aiming at vital oil and military assets to neutralize Moscow's combat advantages. The recent operations against air bases and munitions depots are meticulously planned to disrupt the flow of resources to Russian troops.

A US F-15E Strike Eagle was reportedly shot down over Iran by a Chinese-made shoulder-launched missile, marking a significant escalation. While US officials investigate, China denies providing recent military support, though past assistance and potential radar technology transfers are noted. The incident complicates ongoing US-China relations amid peace negotiations.

Cancer patients in India are facing a critical shortage of life-saving chemotherapy drugs, Cisplatin and Carboplatin, disrupting treatment schedules. Hospitals report dwindling stocks, forcing patients to scramble for supplies. Doctors warn that prolonged unavailability of these essential medicines, with limited alternatives, could negatively impact patient outcomes and survival rates.

High Prices For Cotton, Yarn, Coal, Chemicals Disrupt Production Economics, Weaken Demand Over Past 3 Months

The US Commerce Department's Bureau of Industry and Security has quietly closed a year-old loophole that let Nvidia's most advanced Blackwell AI chips reach overseas subsidiaries of Chinese companies without an export licence. Industry sources estimate hundreds of thousands of chips may have already shipped through the gap. The new guidance still leaves data centre servicing and TSMC foundry due diligence untouched, raising fresh enforcement questions.

Philippines, Vietnam, Indonesia are lining up to buy this Indian missile following its success during Operation Sindoor

Apple has launched significant health features in India, enabling Apple Watch to detect sleep apnea signs and AirPods Pro to conduct hearing tests. These innovations aim to empower users in identifying potential health issues early, promoting proactive healthcare management through accessible technology.

The Section 301 probe launched by the US in March 2026 is a known variable in India’s trade deal talks with America. Yet, the proposal to impose duties on around 60 countries assumes significance at a time when a delegation from the US is in India to finalise terms of the India-US trade deal.

A California tech executive, Jamshid Ghomi, has been arrested for allegedly aiding Iran in acquiring restricted U.S. computer equipment for over a decade. Prosecutors state Ghomi used the codeword "Motherland" to disguise shipments of networking, security, and encryption technology to Iranian entities, including those linked to its nuclear and military programs, in violation of U.S. sanctions.

India is bolstering its energy security by deepening ties with Venezuela, a top crude oil supplier. Discussions between PM Modi and Venezuela's acting President focused on long-term energy contracts and cooperation in critical minerals, tech, and agriculture. This move diversifies India's oil sources amidst global supply chain challenges.

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Ultrahuman, a leading Indian wearable tech firm, has confirmed a data breach. Hackers accessed an internal analytics system, exposing wellness data for a small percentage of users. The company acted swiftly, taking the system offline and revoking access. Passwords and payment details remain secure. Affected customers have been notified via email. Ultrahuman is enhancing security measures to prevent future incidents.

Prime Minister Narendra Modi met with the Economic Advisory Council to discuss strengthening India's economic growth amidst global uncertainty. The Reserve Bank of India kept the repo rate unchanged at 5.25%, citing geopolitical tensions and inflation concerns, while revising GDP growth and inflation projections downwards and upwards respectively for FY2026-27.

India's strategic foothold in the Middle East strengthens with the Adani Group's acquisition of Israel's Port of Haifa. This vital hub is poised to become a cornerstone of the India-Middle East-Europe Economic Corridor, promising faster trade routes. Despite regional tensions, operations remain secure, underscoring its importance for India's economic and connectivity ambitions.

France has detained a Russian-linked oil tanker, the Tagor, in the Atlantic, suspecting it of violating sanctions imposed over the Ukraine war. Russia vehemently condemned the seizure as illegal, bordering on 'international terrorism,' and vowed to protect its shipping. This action is part of a wider Western effort to curb Russia's 'shadow fleet' used to circumvent sanctions.