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    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
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    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.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
    Show AI Summary
    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
    Show AI Summary
    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
    Show AI Summary
    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
    Show AI Summary
    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
    Show AI Summary
    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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      Klüber Lubrication's Sustainable Solutions for Modern Mobility

      January 16, 2025

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      To showcase Specialized and Custom Lubricants for the Automotive Industry at Bharat Mobility Global Expo 2025 NEW DELHI, Jan. 16, 2025 /PRNewswire/ -- Klüber Lubrication, a global leader in specialty lubricants, is set to exhibit its state-of-the-art solutions at the Bharat Mobility Global Expo 2025, at Yashobhoomi – IICC, New Delhi. The company's booth, located in Hall 2 #N20, will showcase a range of advanced products designed to enhance automotive component performance and reliability. These innovations are set to reduce downtime, improve efficiency, and support the transition to a more sustainable future. By offering a comprehensive range of innovative lubricants, Klüber Lubrication continues to drive excellence and sustainability in the automotive industry.

      Empowering India's Automotive Future with "Make in India" Klüber Lubrication India proudly supports the "Make in India" initiative, strengthening local manufacturing capabilities and addressing the unique demands of the Indian automotive sector. Its advanced manufacturing facilities maintain the highest global quality standards, integrating cutting-edge technologies to meet local and international needs.

      "Our mission at Klüber Lubrication is to create products that align with our customer's needs while contributing to India's economic growth. By manufacturing in India, it allows us to reduce lead times, lower costs, and strengthen partnerships with local suppliers. 'Make in India' is more than a slogan for us—it is a core principle that drives us to empower local resources, foster self-reliance, and uphold our global commitment to quality and innovation," said Hitendra Bhargava, CEO and Regional Management Board Member Asia Pacific, Klüber Lubrication.

      With a dedicated R&D center and tribology lab, Klüber Lubrication India adds significant value to the product validation process. This facility operates in alignment with the IATF 16949 standards, ensuring global compliance. By utilizing local resources and expertise, the company reduces dependence on imports, enhances delivery efficiency across the nation, and supports India's Production-Linked Incentive (PLI) objectives. This commitment not only contributes to India's economic growth but also reflects Klüber Lubrication's mission to create solutions tailored to the needs of its customers.

      Furthering its commitment to "Make in India," Klüber Lubrication recently announced a ₹142 crore (€15.6 million) investment to expand its Mysore facility. The upgrade includes a new production hall with advanced technology, improved R&D infrastructure, and faster product launches, set to be operational by early 2027.

      The Mysore plant has already been pivotal in developing innovative products like Klübersynth LEB 94-81 BH, featuring integrated calcite technology for exceptional load-bearing capability in both high and low temperatures. This product is ideal for applications such as constant velocity joints, electric seat adjustment mechanisms, and window regulators, providing reduced noise and outstanding wear protection. Additionally, the plant produces ISOFLEX TOPAS L 32 N BH, a flagship product for the automotive sector. The plant has also developed a new range of silicone-based greases that enhance reliability and performance in critical braking systems. This innovation improves safety and longevity, adding significant value to the automotive industry by ensuring better braking across various vehicle types.

      By producing locally, Klüber Lubrication offers flexibility, reduces costs, and ensures timely delivery of high-quality products, strengthening its presence in the automotive market.

      Klüber Lubrication Pioneers Advanced Lubrication Solutions for SUVs As SUVs gain popularity in India, their larger size and weight place extra pressure on suspension systems, requiring superior lubrication for smooth and reliable performance. Addressing this critical requirement, Klüber Lubrication provides innovative and eco-friendly solutions tailored for these demands.

      SUV components like ball joints, wheel bearings, brakes, and steering systems face high stress and tough conditions. Klüber Lubrication's high-performance greases and oils are designed to deliver exceptional durability, ensuring smooth operation for SUVs navigating diverse terrains across India.

      SUV buyers, often in premium segments, expect a quiet, comfortable ride. Klüber's lubricants reduce noise, vibration, and harshness (NVH), offering a serene cabin experience. Designed for India's climate and roads, Klüber's solutions enhance SUV performance, safety, and reliability.

      Klüber Lubrication: Helping put E-mobility solutions on the fast track Klüber Lubrication is revolutionizing electric vehicle (EV) performance with advanced lubricants designed to meet the unique demands of e-mobility. Its innovative Hydro Lubricants, using water as a base, reduce friction, improve cooling, and enhance energy efficiency, enabling EVs to achieve greater range per charge while lowering gearbox temperatures by up to 17°C. Additionally, electrically conductive greases protect motors from electrical arcing, ensuring long-term reliability, while specialized lubricants ensure smooth motion control in actuators and drive systems.

      "SUVs and electric vehicles demand next-level lubrication solutions to tackle their unique challenges. SUVs operate in tough conditions, requiring higher durability and a smooth driving experience under varied stresses, while EVs need solutions that enhance efficiency, ensure reliable performance, and align with the growing focus on sustainable mobility. Our products are meticulously designed to meet and exceed these demands," said Joseph Robert, Associate General Manager - GBT, India.

      Klüber also provides tailored solutions for critical EV systems, such as charging connectors, cooling system actuators, and drivetrain components, enhancing durability and performance under stress. By minimizing noise, vibration, and harshness (NVH), these lubricants deliver a quieter and more refined driving experience. Committed to sustainability, Klüber's solutions not only improve energy efficiency but also extend maintenance intervals and component life, supporting greener and more reliable e-mobility.

      A Commitment to Sustainability and Innovation Klüber Lubrication's dedication to sustainability is evident through its eco-friendly manufacturing processes and a continuous focus on developing lubricants that reduce environmental impact. In recognition of its efforts, the company received the Ecovadis Gold Medal for the third consecutive year, ranking among the top 5% of businesses worldwide for environmental and ethical practices. Its energy efficiency programs have saved over 445,000 MWh, significantly reducing its carbon footprint.

      By collaborating with leading OEMs and Tier 1 suppliers, Klüber Lubrication is co-developing solutions for emerging automotive trends like hybrid powertrains and lightweighting. These partnerships ensure the company's products are always ahead of the curve, meeting the ever-evolving needs of the industry.

      About Klüber Lubrication Klüber Lubrication is one of the world's leading manufacturers of speciality lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide. Most products are developed and made to specific customer requirements. During its more than 90 years of existence, Klüber Lubrication has provided high-quality lubricants, thorough consultation and extensive services, which has earned it an excellent reputation in the market. The company holds all common industrial certifications and operates a test bay hardly rivalled in the lubricants industry. Klüber Lubrication, set up as a retail company for mineral oil products in Munich in 1929, is today part of Freudenberg Chemical Specialities SE & Co. KG, a Business Group of the Freudenberg Group, Weinheim. Klüber Lubrication has about 2.000 employees in more than 30 countries. | http://www.Klüber .com About Freudenberg Chemical Specialities Freudenberg Chemical Specialities Munich was founded in 2004 as a new Business Group within the Freudenberg Group, Weinheim, Germany, a family-owned, diversified technology company with a history of more than 160 years. Freudenberg Chemical Specialities has a lean, market-oriented organisation with Management Board and Corporate Functions. Its objective is to promote innovation potentials in its field of activities and to expand world-wide market leadership in special lubricants and release agents. The Business Group includes five largely independent divisions which are active in more than 50 countries: Klüber Lubrication, Chem-Trend, SurTec, Capol and OKS.

      About Freudenberg in India Freudenberg has held business ties with companies in India for more than 90 years. The Group has 11 production sites around India, across several different industries, and employs around 3,000 people at 20+ locations. | www.freudenberg.com Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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