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    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
    Shri Piyush Goyal Invites Indian and Uzbek Businesses to Co-invest and Co-manufacture; Calls for Doubling Bilateral Trade at India-Uzbekistan Business...
    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
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    August 3, 2026
    Show AI Summary
    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
    Show AI Summary
    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
    August 3, 2026
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
    August 3, 2026
    Show AI Summary
    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
    Show AI Summary
    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
    Show AI Summary
    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
    Show AI Summary
    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
    Show AI Summary
    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
    Show AI Summary
    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
    Show AI Summary
    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
    Show AI Summary
    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
    Show AI Summary
    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
    Show AI Summary
    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
    Show AI Summary
    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
    Show AI Summary
    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.

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      16 dead, 16 missing as fire crews try to corral Los Angeles blazes before winds return this week

      January 12, 2025

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      Los Angeles, Jan 12 (AP) Firefighters scrambled Sunday to make further progress against wildfires that have killed 16 people in the Los Angeles area as forecasters again warned of dangerous weather with the return of strong winds this week.

      At least 16 people were missing, and authorities said that number was expected to rise.

      The National Weather Service issued red flag warnings for severe fire conditions through Wednesday, with sustained winds of 50 mph (80 kph) and gusts in the mountains reaching 70 mph (113 kph). The most dangerous day will be Tuesday, said weather service meteorologist Rich Thompson.

      “You're going to have really strong gusty Santa Ana winds, a very dry atmosphere and still very dry brush, so we still have some very critical fire weather conditions out there,” Thompson said at a community meeting Saturday night.

      Fierce Santa Ana winds have been largely blamed for turning the wildfires sparked last week into infernos that levelled entire neighbourhoods around the city where there has been no significant rainfall in more than eight months.

      Twelve people were missing within the Eaton Fire zone and four from the Palisades Fire, Los Angeles County Sheriff Robert Luna said Sunday morning.

      Meanwhile, the death toll rose to 16 over the weekend. Five of the deaths were attributed to the Palisades Fire and 11 resulted from the Eaton Fire, the Los Angeles County coroner's office said in a statement Saturday evening.

      The previous number of confirmed fatalities before Saturday was 11, but officials said they expected that figure to increase as teams with cadaver dogs conduct systematic grid searches in levelled neighbourhoods. Authorities have established a centre where people can report the missing.

      Joseph Everett, assistant chief of the Los Angeles Fire Department's west bureau, said it has been difficult to see such destruction in an area where he, his father and grandfather all have worked as firefighters.

      “It resonates with me heavily,” he said. “Please be patient as we are up there … we're still aggressively fighting fire out there.” By Sunday morning, Cal Fire reported the Palisades, Eaton, Kenneth and Hurst fires had consumed more than 62 square miles (160 square kilometres), an area larger than San Francisco. The Palisades Fire was 11 per cent contained and containment on the Eaton Fire reached 27 per cent. Those two blazes accounted for 59 square miles (nearly 153 square kilometres).

      In a briefing posted online Saturday evening, Michael Traum of the California Office of Emergency Services said 150,000 people in Los Angeles County were under evacuation orders, with more than 700 people taking refuge in nine shelters.

      Crews from California and nine other states are part of the ongoing response that includes 1,354 fire engines, 84 aircraft and more than 14,000 personnel, including newly arrived firefighters from Mexico, he said.

      With Cal Fire reporting containment of the Palisades Fire at 11 per cent and the Eaton Fire at 15 per cent on Saturday night, the fight is set to continue.

      “Weather conditions are still critical and another round of strong winds is expected starting Monday,” Traum said.

      Fighting to save public and private areas After a fierce battle Saturday, firefighters managed to fight back the flames in Mandeville Canyon, home to Arnold Schwarzenegger and other celebrities near Pacific Palisades not far from the Pacific coast, where swooping helicopters dumped water as the blaze charged downhill. Firefighters on the ground used hoses in an attempt to beat back leaping flames as thick smoke blanketed the chaparral-covered hillside.

      The fire also briefly threatened to jump over Interstate 405 and into densely populated areas in the Hollywood Hills and San Fernando Valley.

      Arrests for looting Looting continues to be a concern, with authorities reporting more arrests as the devastation grows. Michael Lorenz, a captain with the Los Angeles Police Department, said seven people have been arrested in the last two days.

      “We even made arrests of two individuals that were actually posing as firefighters coming and in and out of houses, so we're paying very, very close attention to everybody,” Lorenz said at Saturday evening's community meeting.

      Asked exactly how many looters have been arrested, Lorenz said he couldn't give a precise number but that officers were detaining about 10 people a day. California National Guard troops arrived Friday to help guard properties.

      California Gov. Gavin Newsom posted on X Saturday that “California will NOT allow for looting.” Historical cost The fires that began Tuesday just north of downtown LA have burned more than 12,000 structures.

      Firefighters for the first time made progress Friday afternoon on the Eaton Fire north of Pasadena, which has burned more than 7,000 structures, a term that includes homes, apartment buildings, businesses, outbuildings and vehicles. Most evacuation orders for the area were lifted, officials said.

      No cause has been determined for the largest fires and early estimates indicate the wildfires could be the nation's costliest ever. A preliminary estimate by AccuWeather put the damage and economic losses so far between USD 135 billion and USD 150 billion.

      In an interview that aired Sunday on NBC, Gov. Gavin Newsom said the fires could end up being the worst natural disaster in US history.

      “I think it will be in terms of just the costs associated with it, in terms of the scale and scope,” he said.

      Overflowing kindness Volunteers overflowed donation centres and some had to be turned away at locations including the Santa Anita Park horse racing track, where people who lost their homes sifted through stacks of donated shirts, blankets and other household goods.

      Altadena resident Jose Luis Godinez said three homes occupied by more than a dozen of his family members were destroyed.

      “Everything is gone,” he said, speaking in Spanish. "All my family lived in those three houses and now we have nothing.” Officials warn against returning Los Angeles County Sheriff Robert Luna warned residents against venturing back to destroyed homes to sift through rubble for keepsakes.

      “We have people driving up and around trying to get in just to look. Stay away,” Luna said, urging people to abide by curfews.

      Officials on Saturday warned the ash can contain lead, arsenic, asbestos and other harmful materials.

      “If you're kicking that stuff up, you're breathing it in,” said Chris Thomas, a spokesman for the unified incident command at the Palisades Fire who warned the material was "toxic.” Residents will be allowed to return with protective gear after damage teams evaluate their properties, Thomas said.

      Rebuilding will be a challenge The level of devastation is jarring even in a state that regularly confronts massive wildfires. Traum of the state Office of Emergency Services said those impacted by the fires can apply online for immediate government assistance.

      Newsom issued an executive order Sunday aimed at fast-tracking the rebuilding of destroyed property by suspending some environmental regulations and ensuring that property tax assessments are not increased.

      “California leads the nation in environmental stewardship. I'm not going to give that up. But one thing I won't give into is delay,” he said. “Delay is denial for people: lives, traditions, places torn apart, torn asunder.” “We've got to let people know that we have their back,” he said. “Don't walk away because we want you to come back, rebuild, and rebuild with higher quality building standards, more modern standards. We want to make sure that the associated costs with that are not disproportionate, especially in a middle-class community like this.” Leadership accused of skimping LA Mayor Karen Bass faces a critical test of her leadership during the city's greatest crisis in decades, but allegations of leadership failures, political blame and investigations have begun.

      Newsom on Friday ordered state officials to determine why a 117 million-gallon (440 million-litre) reservoir was out of service and some hydrants had run dry.

      Los Angeles Fire Chief Kristin Crowley said city leadership failed her department by not providing enough money for firefighting. She also criticized the lack of water.

      “When a firefighter comes up to a hydrant, we expect there's going to be water,” Crowley said. (AP)   GRS GRS GRS

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