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    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
    Andhra records 21 per cent growth in net GST collections till July
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    August 3, 2026
    Show AI Summary
    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
    Show AI Summary
    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
    Show AI Summary
    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
    Show AI Summary
    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
    Show AI Summary
    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
    Show AI Summary
    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
    Show AI Summary
    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
    Show AI Summary
    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
    Show AI Summary
    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
    Show AI Summary
    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
    Show AI Summary
    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
    Show AI Summary
    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
    Show AI Summary
    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
    Show AI Summary
    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
    Show AI Summary
    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.

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      Customs & Trade

      Trump says he plans to reach out to North Korea's Kim Jong Un

      January 24, 2025

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      Washington, Jan 24 (AP) President Donald Trump said in an interview that he will reach out to North Korean leader Kim Jong Un, who he described as a “smart guy.” Trump was being interviewed on Fox News by Sean Hannity, who asked the president if he planned to talk to his North Korean counterpart. Trump said he would.

      “I got along with him,” Trump said of Kim. “He's not a religious zealot.” New statement from Hegseth's ex-wife continues to raise questions about his alcohol use A new statement by Pete Hegseth's ex-wife to the FBI continues to raise questions about the alcohol use of Trump's nominee for defence secretary.

      That statement by Samantha Hegseth, the nominee's second wife, is part of an FBI background investigation that was read to Senate Armed Services Committee leadership Mississippi Republican Roger Wicker and Rhode Island Democrat Jack Reed Jan. 16. It said Pete Hegseth had and continues to have a problem with alcohol abuse, a person familiar with the FBI briefing and its findings told The Associated Press.

      Reed has called Hegseth's FBI background check substandard. He said in a statement Thursday that he and Wicker received multiple FBI briefings about the defense secretary nominee, something he had not seen in more than 25 years on the Armed Services Committee, and that “the recent reports about the contents of the background briefings on Mr. Hegseth are true and accurate.” Timothy Parlatore, Hegseth's attorney, said Thursday that “Reed is knowingly lying” because what Samantha Hegseth actually told the FBI is that Pete Hegseth drinks more often than not, but she also acknowledged that she had not spent time with him for about seven years.

      White House asks California congressional members to hold roundtable during Trump visit The White House has asked California congressional members, including Democrats, to hold a roundtable at an airplane hangar in Santa Monica during Trump's visit to the fire-ravaged region of California on Friday afternoon.

      That's according to a person briefed on the plans who spoke on condition of anonymity because they were not authorized to discuss them.

      Congressional Democrats have sharply criticized the new president's threats to withhold federal disaster aid unless California's leaders change the state's approach on its management of water.

      There are currently no plans to visit sites of fire destruction in Altadena, a working class area heavily impacted by the Eaton fire, according to the source familiar, though it was unclear if the president would be visiting other sites.

      Trump reiterates support for full federal recognition for the Lumbee Tribe of North Carolina Trump signed a memo Thursday directing his administration to help advance full federal recognition for the Lumbee Tribe of North Carolina, a distinction that would unlock access to federal funds.

      Congress acknowledged the tribe in 1956 but stopped short of giving the now 55,000-member tribe federal recognition, which has been granted to 574 other Native American tribes in the U.S. Along with federal funds, the designation comes with access to resources like health care through the Indian Health Service. It also creates a pathway for a tribe to secure a land base.

      Trump's memo directs the Department of the Interior, within 90 days, to provide a plan on how to get the Lumbee Tribe federal recognition “through legislation or other available mechanisms.” Treasury Department deploys extraordinary measures' to avoid breaching debt ceiling The Treasury Department says it has deployed “extraordinary measures” to stop the US from breaching the debt ceiling.

      Acting Secretary David Lebryk wrote to congressional leaders on Thursday to inform them about the new measures. He says the Treasury Department stopped paying into the G Fund, a retirement fund for government workers.

      Once the extraordinary measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government's ability to borrow.

      First batch of new forces being deployed to El Paso and San Diego to secure southern borde Active duty military troops will begin arriving in El Paso, Texas, and San Diego on Thursday evening, in what defense officials said is the first batch of the new forces being deployed to secure the southern border.

      The Pentagon announced on Wednesday that about 1,500 troops were being sent to the border this week, as the department scrambles to put in motion President Donald Trump's executive order demanding an immediate crackdown on immigration.

      U.S. officials, who spoke on condition of anonymity to provide details on troop movements, said they expect additional troops to be ordered to deploy in the next few days as defense and homeland security leaders iron out requests for more support.

      The officials said it's not yet clear how many more service members would get tapped in the near future, but they would include active duty, National Guard and Reserves, and come from land, air and sea forces. Other defense and military officials this week estimated that the additional number deployed could be in the thousands.

      Trump's demand for lower interest rates isn't that simple Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.

      Economic growth is solid, driven by healthy consumer spending. Budget deficits are huge and could get even larger.

      And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen, making it less likely the Federal Reserve will cut its key interest rate much this year.

      What to know about Trump's executive order regarding transgender people An executive order that Trump signed on his first day back in office offers a new federal government definition of the sexes that could have a major impact on transgender people.

      The order calls for the federal government to define sex as only male or female and for that to be reflected on official documents such as passports and policies such as federal prison assignments. As for federal spending, it's not clear what his vow to end broader gender classifications will mean on the ground.

      Trump says he is not bothered by Musk's criticism of the Stargate projec Trump said he is unbothered by the fact that Elon Musk has been critical of the Stargate artificial intelligence infrastructure project he announced this week, telling reporters that Musk is critical because one of the people involved in the deal is “one of the people he happens to hate.” Trump brushed aside the clash that's been unfurling online between two of his tech business allies, Musk and OpenAI CEO Sam Altman. Musk has questioned the value of the AI investment, of which OpenAI is a partner.

      “People in the deal are very, very smart people. But, Elon, one of the people he happens to hate. But I have certain hatreds of people, too,” Trump said. The president did not elaborate.

      Trump pardons anti-abortion activists who blockaded clinic entrances Trump announced Thursday he would pardon anti-abortion activists convicted of blockading abortion clinic entrances.

      Trump called it “a great honor to sign this.” “They should not have been prosecuted,” he said as he signed pardons for “peaceful pro-life protesters.” Among the people pardoned were those involved in the October 2020 invasion and blockade of a Washington clinic.

      In the first week of Trump's presidency, anti-abortion advocates have ramped up calls for Trump to pardon protesters charged with violating the Freedom of Access to Clinic Entrances Act, which is designed to protect abortion clinics from obstruction and threats. The 1994 law was passed during a time where clinic protests and blockades were on the rise, as well as violence against abortion providers, such as the murder of Dr. David Gunn in 1993.

      Trump says no date set yet for new tariffs on China Trump said he hasn't set a date on imposing new tariffs on China, but he's reiterating that he wants a 10% tax on Chinese imports in retaliation for it making the chemicals used in fentanyl.

      Trump told reporters in the Oval Office Thursday that he still plans to tariff Canada and Mexico at 25% rates starting as soon as Feb. 1. He said he was comfortable charging higher tariffs on those countries because he had already placed higher tariffs on China during his first term.

      Trump says he expects Fed to listen to him on lowering rates Trump says he expects a chain reaction in which lower oil prices will lead to lower interest rates across the U.S. economy, but he also plans to bring up the issue with Federal Reserve Chair Jerome Powell.

      Trump told reporters in the Oval Office that “when the energy (prices) comes down” it would also knock down overall inflation and “automatically bring the interest rates down.” Asked if he expects the Fed to listen to him on rates, Trump said: “Yeah.” Trump says he will talk to Powell about lowering rates “at the right time.” The Fed controls short-term rates that influence inflation and the supply of money in the economy.

      Trump has talked to lawmakers about reshaping FEMA Trump is preparing to reshape the Federal Emergency Management Agency, which has been on the frontlines of responding to recent wildfires in California and last year's hurricane in North Carolina.

      He spoke at length about the issue with congressional Republican leaders on Tuesday, discussing whether the agency should continue providing assistance to states in the same way, according to a person familiar with the conversation who spoke on condition of anonymity to discuss it.

      Conservatives have previously suggested reducing the amount that states are reimbursed for preventing and responding to disasters like floods, tornadoes, hurricanes and more.

      ?Read more about Trump's plans for FEMA The Department of Justice will vigorously defend' Trump's executive order redefining birthright citizenship In a statement after the federal judge's ruling Thursday that temporarily blocked the order, the department said the executive order “correctly interprets the 14th Amendment of the U.S. Constitution.” “We look forward to presenting a full merits argument to the Court and to the American people, who are desperate to see our Nation's laws enforced,” the department said.

      US District Judge John Coughenour in Seattle called the executive order “blatantly unconstitutional” during the first hearing Thursday in a multi-state effort challenging the order.

      Trump says he's open to meeting people charged or convicted for the Jan 6 Capitol attack President Donald Trump says he's open to meeting with the roughly 1,500 people charged or convicted for their roles in the Jan. 6, 2021 Capitol attack whom he pardoned on Monday in his first hours in the White House.

      Trump said he didn't know if he would meet with those who faced criminal consequences for trying - violently in many cases - to prevent Congress from certifying his 2020 election defeat, but added, “I'd be open to it, certainly.” Trump expected to give prerecorded address to March for Life President Donald Trump is expected give a prerecorded video address to anti-abortion protesters Friday at the annual March for Life in Washington, D.C.

      The news come after Trump offered vague, contradictory answers to questions on abortion on the campaign trail and often attempted to distance himself from anti-abortion allies, despite boasting about nominating three Supreme Court justices who helped strike down a federal right to abortion.

      “This pro-life president has gone nowhere,” said Marjorie Dannenfelser, president of the national anti-abortion group SBA Pro-Life America, while announcing Trump's appearance during a Thursday press briefing.

      Abortion rights advocates pointed to his appearance at the event as evidence of what they've been saying all along -- that Trump cannot be trusted to stay out of abortion rights.

      “No matter what they said on the campaign trail to win an election, this shows their intentions to continue to attack abortion access,” said Ryan Stitzlein, vice president of political and government relations for the national abortion rights organization Reproductive Freedom for All. “This is just proving us right.” (AP) NSA NSA

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