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    Jio Platforms gets Sebi nod for $3.8-bn IPO, set to be India's biggest
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    Rs 53 lakh cr transferred to govt beneficiaries through DBT, mostly to Jan Dhan accounts in 12 years
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August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
Show AI Summary
Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.

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January 22, 2025

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New Delhi, Jan 22 (PTI) Following are the top stories at 5.07 pm: NATION DEL40 CBI-DOCTOR

Kolkata medic's rape-murder case: CBI to seek death sentence in HC for Sanjay Roy New Delhi: The CBI will file an appeal before the Calcutta High Court seeking death sentence for Sanjay Roy, who was sentenced to "life imprisonment until death" by a Sealdah court in the rape-cum-murder case of an on-duty doctor at RG Kar Medical College and Hospital, officials said Wednesday.

DEL18 PM-BJP-POLLS (R)

PM Modi says people openly expressing anger with 'AAP-da' New Delhi: Prime Minister Narendra Modi on Wednesday urged Delhi BJP members to target winning over 50 per cent booths in the assembly polls, and said people are openly expressing anger with the AAP government and reminding it of its promises.

DEL22 CAB-NATIONAL HEALTH MISSION

Cabinet approves continuation of National Health Mission for another 5 years New Delhi: The Union Cabinet on Wednesday approved continuation of the National Health Mission for another five years.

DEL27 BETI BACHAO-SHAH

'Beti Bachao Beti Padhao' gives new dimension to rights, respect of daughters: Amit Shah New Delhi: Union Home Minister Amit Shah on Wednesday hailed the completion of 10 years of the 'Beti Bachao Beti Padhao' (BBBP) programme launched by Prime Minister Narendra Modi, saying it gave a new dimension to the rights, education and respect of daughters.

MDS12 KL-SAINIK SCHOOLS-RAJNATH

Centre to establish 100 new sainik schools to improve education quality: Rajnath Singh Alappuzha (Kerala): Defence Minister Rajnath Singh on Wednesday said that the Centre's decision to establish 100 new sainik schools across the country was part of its efforts to improve the quality of basic education in India, contributing to the overall development of the nation.

DEL28 HEALTH-LD STROKE

Centre to expand network of stroke units across country New Delhi: Around 500 stroke units are operational across the country and the Centre is committed to expanding this network to ensure wider access to specialised care, Union Health Secretary Punya Salila Srivastava said on Wednesday.

MDS11 KA-2NDLD ACCIDENTS(R)

Fourteen killed, scores injured in two separate accidents in Karnataka Yellapura/Raichur (Karnataka): As many as fourteen people were killed and scores sustained injuries in two separate road accidents occurred in Uttara Kannada and Raichur districts on Friday.

DEL8 JK-DEATHS-VILLAGE

Unexplained deaths: Rajouri village declared containment zone Rajouri/Jammu: The remote Badhaal village in Jammu and Kashmir's Rajouri district was on Wednesday declared a containment zone and prohibitory orders imposed on all public and private gatherings in the wake of the death of 17 people belonging to three families, officials said.

BOM16 MH-SAIF-AUTO DRIVER

Saif meets auto-rickshaw driver who took him to hospital after knife attack Mumbai: Bollywood star Saif Ali Khan has met auto-rickshaw driver Bhajan Singh Rana, who rushed him to hospital after he was injured in the knife attack at his home in Mumbai, and thanked him for the help.

BOM11 CG-NAXAL-IED-SEIZURE

8 IEDs planted by Naxalites recovered in Chhattisgarh's Bijapur Bijapur: Security forces on Wednesday recovered eight improvised explosive devices (IEDs) planted by Maoists in Bijapur district of Chhattisgarh, police said.

CAL10 MN-JDU

JD(U) Manipur unit withdraws support to BJP-led Biren Singh govt Imphal: The JD(U) state unit in Manipur has withdrawn support to the BJP-led Biren Singh government and the party has informed its decision to governor Ajay Kumar Bhalla.

BUSINESS DEL32 CAB-LD JUTE

Govt raises raw jute MSP by 6 pc to Rs 5,650/ quintal New Delhi: The Union Cabinet on Wednesday approved a minimum support price of Rs 5,650 per quintal for raw jute for marketing season 2025-26, an increase of 6 per cent or Rs 315 over the previous MSP.

LEGAL LGD19 SC-RG KAR-DOCTOR

RG Kar rape, murder case: SC defers suo-motu hearing to Jan 29 New Delhi: The Supreme Court on Wednesday cited paucity of time and deferred to January 29 the hearing on the suo-motu case over the rape and murder of a trainee doctor at state-run RG Kar Medical College and Hospital in Kolkata.

LGD18 SC-RIOTS-LD TAHIR-BAIL

Poll campaign: No interim bail for 2020 riots accused Tahir Hussain as SC gives split verdict New Delhi: Former councillor and February 2020 riots accused Tahir Hussain on Wednesday failed to secure an interim bail to campaign for Delhi assembly polls after a Supreme Court bench gave a split verdict.

LGD14 SC-WOMEN-TAX BAR

Delhi tax bar bodies: SC reserves for women lawyers treasurer post, 30% seats in executive panel New Delhi: The Supreme Court on Wednesday directed reserving the treasurer's post and 30 per cent seats for women lawyers in the executive committee of Delhi Sales Tax Bar Association and Delhi Tax Bar Association.

FOREIGN FGN44 WEF-INDIA-JAYANT

New pact with European bloc to bring USD 100 bn investment, create 10 lakh jobs in India: Jayant Davos: A new Trade and Economic Participation Agreement with a four-nation European bloc will bring USD 100 billion worth of investment and create one million jobs in India, Union Minister Jayant Chaudhary said on Wednesday. By Barun Jha

FGN32 US-QUAD-LD STATUS QUO

Quad ministers oppose any unilateral actions seeking to change status quo by force: Statement Washington: In a move sending a strong signal to China, foreign ministers from Quad countries -- India, Australia, Japan and the US -- in a joint statement have strongly opposed any unilateral actions that seek to change the status quo by force or coercion. By Lalit K Jha

FGN31 US-TRUMP-LD H1B

I like competent people coming to US: says President Trump amid H-1B visa debate Washington: US President Donald Trump has said he likes both sides of the argument on the H-1B foreign guest workers' visa, noting that the country needs "very competent" and "great" people which is possible through this visa programme. By Lalit K Jha

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