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    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
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    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
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    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.

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      Gaza ceasefire goes into effect on Sunday. Israel says details in flux, Qatari PM

      January 16, 2025

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      Doha, Jan 15 (AP) Qatar's prime minister on Wednesday announced a ceasefire agreement between Israel and Hamas that will pause the devastating 15-month war in Gaza and clear the way for dozens of Israeli hostages to go home.

      Sheikh Mohammed bin Abdulrahman Al Thani announced the agreement in the Qatari capital of Doha, the site of weeks of painstaking negotiations. He said the deal would go into effect on Sunday.

      Israel and Hamas agreed to a ceasefire deal to pause the devastating war in the Gaza Strip, multiple officials announced on Wednesday, raising the possibility of winding down the deadliest and most destructive fighting between the bitter enemies.

      The deal, coming after weeks of painstaking negotiations in the Qatari capital, promises the release of dozens of hostages held by Hamas in phases, the release of hundreds of Palestinian prisoners in Israel and would allow hundreds of thousands of people displaced in Gaza to return to what remains of their homes.

      It also would flood badly needed humanitarian aid into a territory ravaged by 15 months of war.

      Three officials from the US and one from Hamas confirmed that a deal had been reached, while the office of Israeli Prime Minister Benjamin Netanyahu said final details were still being ironed out.

      All three US officials and the Hamas official requested anonymity to discuss the contours of the deal before the official announcement by mediators in Doha.

      Netanyahu's office said in a statement that it hoped “details will be finalised tonight".

      An Israeli official familiar with the talks said those details centre on confirming the list of Palestinian prisoners, currently serving lengthy sentences for deadly attacks on Israelis, who are to be freed as part of the deal. Any agreement must be approved by Netanyahu's Cabinet.

      Once official, the deal is expected to deliver an initial six-week halt to fighting that is to be accompanied by the opening of negotiations on ending the war altogether.

      Over six weeks, 33 of the nearly 100 hostages are to be reunited with their loved ones after months in in captivity with no contact with the outside world, though it's unclear if all are alive.

      It remained unclear exactly when and how many displaced Palestinians would be able to return to what remains of their homes and whether the agreement would lead to a complete end to the war and the full withdrawal of Israeli troops from Gaza — key Hamas demands for releasing the remaining captives.

      Many longer-term questions about postwar Gaza remain, including who will rule the territory or oversee the daunting task of reconstruction after a brutal conflict that has destabilised the broader Middle East and sparked worldwide protests.

      Hamas triggered the war with its October 7, 2023, cross-border attack, which killed some 1,200 Israelis and took 250 others hostage. Israel responded with a fierce offensive that has killed over 46,000 Palestinians, according to local health officials, displaced an estimated 90 per cent of Gaza's population and sparked a humanitarian crisis.

      More than 100 hostages were freed from Gaza in a week-long truce in November 2023.

      The US, along with Egypt and Qatar, have brokered months of indirect talks between the bitter enemies that finally culminated in this latest deal. It comes after Israel and the Lebanese militant group Hezbollah agreed to a ceasefire in November, after more than a year of conflict linked to the war in the Gaza.

      Israel responded with a brutal air and ground offensive that has killed over 46,000 Palestinians, according to local health officials. They do not distinguish between civilians and militants but say women and children make up more than half of those killed.

      UN and international relief organisations estimate that some 90 per cent of Gaza's 2.3 million people have been displaced, often multiple times. They say tens of thousands of homes have been destroyed and hospitals are barely functioning.

      Experts have warned that famine may be underway in northern Gaza, where Israel launched a major offensive in early October, displacing tens of thousands of residents.

      “The best day in my life and the life of the Gaza people,” Abed Radwan, a Palestinian father of three, said of the ceasefire deal. “Thank God. Thank God.” Radwan, who has been displaced from the town of Beit Lahiya for over a year and shelters in Gaza City, said he hopes to return and to rebuild his home. As he spoke to AP by phone, his voice was overshadowed by the celebrations of fellow Gazans.

      “People are crying here. They don't believe it's true," he said.

      In Israel, hundreds of demonstrators gathered outside Israel's military headquarters in Tel Aviv, calling for a deal to be completed. Many held posters of hostages held by Hamas, others hoisted candles in the air.

      As the deal was announced, some people were unaware that it had gone through. Sharone Lifschitz, whose father Oded is being held in Gaza, told the AP by phone she was stunned and grateful but won't believe it until she sees all the hostages come home.

      “I'm so desperate to see them if by some miracle my father has survived,” she said.

      US President Joe Biden, who has provided crucial military aid to Israel but expressed exasperation over civilian deaths, announced the outline of the three-phase ceasefire agreement on May 31. The agreement eventually agreed to followed that framework.

      He said the first phase would last for six weeks and include a “full and complete ceasefire”, a withdrawal of Israeli forces from densely populated areas of Gaza and the release of a number of hostages, including women, older adults and wounded people, in exchange for the release of hundreds of Palestinian prisoners.

      Humanitarian assistance would surge, with hundreds of trucks entering Gaza each day.

      The second and most difficult phase would include the release of all remaining living hostages, including male soldiers, and Israeli forces would withdraw from Gaza.

      The third phase calls for the start of a major reconstruction of Gaza, which faces decades of rebuilding from devastation caused by the war.

      Hamas had been demanding assurances for a permanent end to the war and complete withdrawal of all Israeli forces from Gaza. Israel, meanwhile, has repeatedly said it would not halt the war until it destroys Hamas' military and governing capabilities.

      The various players have conducted months of on-again, off-again negotiations. But with Biden's days in office numbered and President-elect Donald Trump set to take over, both sides had been under heavy pressure to agree to a deal.

      Trump celebrated the soon-to-be-announced agreement in a posting on his Truth Social social media platform: “WE HAVE A DEAL FOR THE HOSTAGES IN THE MIDDLE EAST. THEY WILL BE RELEASED SHORTLY. THANK YOU!” Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, said Biden deserves praise for continuing to push the talks. But Trump's threats to Hamas and his efforts to “cajole” Netanyahu deserve credit as well.

      “The ironic reality is that at a time of heightened partisanship even over foreign policy, the deal represents how much more powerful and influential US foreign policy can be when it's bipartisan,” Panikoff said.

      Hezbollah's acceptance of a ceasefire in Lebanon after it had suffered heavy blows, and the overthrow of President Bashar Assad in Syria, were both major setbacks for Iran and its allies across the region, including Hamas, which was left increasingly isolated.

      Israel has come under heavy international criticism, including from its closest ally, the United States, over the civilian toll. Israel says it has killed around 17,000 militants — though it has not provided evidence to support the claim.

      It also blames Hamas for the civilian casualties, accusing the group of using schools, hospitals and residential areas for military purposes.

      The International Court of Justice is investigating allegations brought by South Africa that Israel has committed genocide. The International Criminal Court, a separate body also based in The Hague, has issued arrest warrants for Prime Minister Benjamin Netanyahu, his defence minister and a Hamas commander for war crimes and crimes against humanity linked to the war.

      Israel and the United States have condemned the actions taken by both courts.

      Netanyahu also faced great domestic pressure to bring home the hostages, whose plight has captured the nation's attention. Their families have become a powerful lobbying group with wide public support backed by months of mass protests urging the government to reach a deal with Hamas.

      Israeli authorities have already concluded that more than a third of the roughly 100 remaining people held captive are dead, and there are fears that others are no longer alive. A series of videos released by Hamas showing surviving hostages in distress, combined with news that a growing number of abducted Israelis have died, put added pressure on the Israeli leader.

      Hamas, a militant group that does not accept Israel's existence, has come under overwhelming pressure from Israeli military operations, including the invasion of Gaza's largest cities and towns and the takeover of the border between Gaza and Egypt.

      Its top leaders, including Yahya Sinwar, who was believed to have helped mastermind the October 7, 2023, attack, have been killed.

      But its fighters have regrouped in some of the hardest-hit areas after the withdrawal of Israeli forces, raising the prospect of a prolonged insurgency if the war continues.

      Netanyahu has vowed to continue the war until Hamas's military and governing capabilities are destroyed. But it has never been clear what that would entail or if it's even possible, given the group's deep roots in Palestinian society, its presence in Lebanon and the occupied West Bank, and its exiled leadership.

      If the ceasefire takes hold, both sides face many difficult and unanswered questions.

      As the war winds down, Netanyahu will face growing calls for postwar investigations that could find him at least partially responsible for the security failures of October 7 — the worst in Israel's history. His far-right governing partners, who opposed a ceasefire deal, could also bring down the coalition and push the country into early elections.

      There is still no plan for who will govern Gaza after the war. Israel has said it will work with local Palestinians not affiliated with Hamas or the Western-backed Palestinian Authority. But it is unclear if such partners exist, and Hamas has threatened anyone who cooperates with Israeli forces.

      The United States has tried to advance sweeping postwar plans for a reformed Palestinian Authority to govern Gaza with Arab and international assistance. As part of those plans, the US hope Saudi Arabia would normalize relations with Israel in return for US security guarantees and aid in setting up a civilian nuclear programme.

      But those plans depend on credible progress toward the creation of a Palestinian state, something Netanyahu and much of Israel's political class oppose. Netanyahu has said Israel will maintain open-ended security control over Gaza as well as the occupied West Bank, territories captured by Israel in the 1967 war that the Palestinians want for their future state.

      In the absence of a postwar arrangement with Palestinian support, Hamas is likely to remain a significant force in Gaza and could reconstitute its military capabilities if Israeli forces fully withdraw. (AP) PY PY

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