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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
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    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
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    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
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    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
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    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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      How Trump could answer Palestinian question

      January 13, 2025

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      Sydney, Jan 13 (360info) The re-election of Donald Trump as the next US President was greeted in the Middle East with a mixture of rapture and dread, especially among Palestinians.

      While it is impossible to know exactly how a second Trump Presidency will act toward the Palestinian people and their demands for statehood, his first Presidency provides a guide to what they might expect.

      Like all his predecessors, in his first term, President Trump’s dealings with Israelis and Palestinians were overwhelmingly influenced by domestic political pressures, which meant unwavering support for Israel. However, true to the nature of his norm-breaking first term, Trump often dismissed long-held diplomatic norms in search of a resolution to the Palestinian/Israeli conflict.

      By doing so, his Administration sought to remove any obstacles to “peace” between Palestinians and Israelis – a “peace” that would paradoxically see the end of any hope for a Palestinian state.

      In 2017, the US announced that its embassy in Israel would relocate from Tel Aviv to West Jerusalem. While Israelis celebrated this news, it ran against diplomatic conventions concerning the status of Jerusalem, which had been in operation since 1967.

      Jerusalem divided The 1948 War of Independence divided Jerusalem, with East Jerusalem controlled by Jordan and West Jerusalem by Israel. When Israel captured East Jerusalem in 1967, it was hugely symbolic because it meant that for the first time in almost two millennia, Jews controlled all the ideologically, religiously, politically, and culturally significant city of Jerusalem.

      Nevertheless, the international community refused to accept Israel’s occupation nor its subsequent annexation of East Jerusalem in 1980, declaring that the negotiations concerning the two-state solution would decide the fate of Jerusalem. Consequently, most states have their embassies in Tel Aviv. Palestinians and Israelis interpreted the Trump administration’s decision as US recognition of Israeli sovereignty of all Jerusalem.

      Second, in November 2019, the Trump administration declared that Israeli settlements in the West Bank and East Jerusalem were consistent with international law. Israel began building settlements in the West Bank and East Jerusalem soon after their victory in the 1967 War.

      Settlements expanding According to Peace Now, in 2023, approximately 465,000 Israeli settlers were living in the West Bank, located in over 350 settlements and outposts. There were also an additional 230,000 Israelis living in settlements in East Jerusalem.

      The administration’s decision mirrored the long-held Israeli legal argument that the settlements are not illegal because the international community never deemed Jordan’s occupation of the West Bank and East Jerusalem as legal. As these territories were not part of Jordan’s sovereign territory, they could not be “occupied” by Israel, meaning it could settle the land as it wished.

      Nevertheless, this position ran contrary to Article 49 of the Fourth Geneva Convention, which states that: “the Occupying power shall not deport or transfer parts of its civilian population into the territory it occupied.” Consequently, the international community, including the United Nations, the International Criminal Court (ICC), and the International Court of Justice (ICJ), has consistently deemed Israeli settlements as illegal and as impediments to any peace agreement between Palestinians and Israelis.

      However, the administration’s rationale for its decision was that declaring the settlements illegal only restrains and impedes the negotiation process and, thus, any progress towards a successful resolution of the Palestinian/Israeli conflict.

      Around the same time, the Trump administration announced that it would no longer contribute funding to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), the principal UN aid agency for Palestinians.

      What followed was a budget cut of 30%, culminating in profound humanitarian effects on Palestinians, especially for Gazans, who relied heavily on UNRWA’s provision of essential services to survive after Israel placed the Strip under siege following Hamas’s election victory in 2006.

      Again, the administration’s position mirrored that of the Israeli government, which has long criticised UNRWA for allegedly supporting terrorism. Pointedly, Israel’s position is motivated by its belief that UNRWA’s aid undercut its ability to manipulate Hamas’s government in Gaza by determining how much assistance it let into the Strip. UNRWA also reports back to the UN about the dire humanitarian situation in the Occupied Palestinian Territory , highlighting the deprivations and human rights abuses of Israel’s occupation and siege.

      Trump’s “Deal of the Century” In 2020, the Trump Administration published its so-called “Deal of the Century”, intending to resolve the Palestinian/Israeli conflict finally. However, Palestinians rejected the plan outright, incensed by proposals to rescind Jordanian custody of Haram al-Sharif and transfer control to Israel.

      Haram al-Sharif, or the Dome of the Rock mosque, is the third holiest site in Islam. When Jordan signed a peace agreement with Israel in 1994, Israel agreed to recognise Jordan’s custodianship of the Muslim holy sites in Jerusalem, specifically Haram al-Sharif. Rescinding control of Haram al-Sharif to Israel meant it would control all the disputed city.

      Importantly, for Palestinians in any peace agreement with Israel, East Jerusalem would become the capital of the future Palestinian state — without East Jerusalem, there can be no Palestine.

      While things changed marginally under the Biden Administration, the asymmetry between Palestinians and Israelis increased dramatically following the October 7 attacks. Given Trump’s overwhelming support for Israel, there is little indication that Palestinians will be given equitable treatment in his second term.

      How far does Trump’s support for Israel go? During the Presidential campaign, Trump stated on several occasions that he wanted Israel to win the war quickly. On 3 December, Trump posted on social media that Hamas needed to release all remaining hostages before he took office on 20 January 2025. Otherwise, there would be “hell to pay in the Middle East, and for those in charge…”.

      While it is uncertain exactly what this may entail, the incoming Administration would likely support Israel’s efforts to find those hostages, irrespective of what that might involve. The future is equally bleak for the prospects of a Palestinian state, with Israel’s ultra-nationalist Finance Minister, Bezalel Smotrich, issuing a statement soon after Trump’s re-election voicing his hope that the incoming Administration would support Israel’s claim of sovereignty over all the West Bank. Smotrich also oversees the administration of Israel’s occupation of the West Bank and East Jerusalem.

      Soon after issuing the statement, he instructed the Israeli Defence Ministry’s Settlement Directorate and Civil Administration to prepare for annexation. Any such move would sound the death knell for any Palestinian state.

      The only saving grace for Palestinians is that any annexation would almost certainly create a diplomatic storm throughout the Arab world, especially in light of the ICC accusing Netanyahu and his Defence Minister, Yoav Gallant, of war crimes and crimes against humanity due to Israel’s actions in Gaza and the West Bank that have seen more than 45,000 Palestinians killed.

      The last time that the Arab world felt so aggrieved and diplomatically embarrassed was after the 1967 and 1973 Wars. Following the 1967 War, Egypt closed the Suez Canal for eight years, while after the 1973 War, OPEC implemented a 5-month oil embargo on all states that supported Israel, including the US, creating an international energy crisis. A repeat of either or both scenarios would be catastrophic for global trade.

      Whether President Trump would risk such a calamity by supporting Israel’s ultra-nationalist agenda is again uncertain. What is more certain is that the President holds little respect for diplomatic conventions and considers himself a deal-maker, meaning that he could indeed gamble on being able to make the Arab world bend to his diplomatic will without having to compromise too much on US support for Israel. (360info) SCY SCY SCY

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