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    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
    Shri Piyush Goyal Invites Indian and Uzbek Businesses to Co-invest and Co-manufacture; Calls for Doubling Bilateral Trade at India-Uzbekistan Business...
    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
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    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
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    August 3, 2026
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
    August 3, 2026
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
    August 3, 2026
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    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
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    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
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    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
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
    Show AI Summary
    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
    Show AI Summary
    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
    Show AI Summary
    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    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
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    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
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    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
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.

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      Donations to UNRWA USA have spiked since start of war in Gaza

      January 31, 2025

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      Washington, Jan 31 (AP) Support has surged for the US nonprofit that raises money for UNRWA, the UN agency that serves Palestinian refugees, since the start of the war in Gaza. That is despite the US government cutting off funding for UNRWA and accusations from Israel that it supports Hamas.

      Giving to nonprofits is one way Americans have reacted to the war that broke out on October 7, 2023 when Hamas-led militants attacked Israeli communities on the other side of the Gaza border wall, killing 1,200 people and taking 250 hostages.

      With the recent ceasefire, the work of humanitarian organisations like UNRWA is kicking into high gear. However, a new Israeli law cutting ties with the organisation could greatly hinder its ability to operate in Gaza and the West Bank. It's unclear how it would be replaced if forced to close.

      Supporters of Israel have also seen a surge in donations for what they say will be a lengthy rehabilitation and reconstruction process there as well.

      Some 139,000 people have given to UNRWA USA since October 2023, said Mara Kronenfeld, its executive director, a huge jump from the 7,000 people it counted among its donor base before the current war. Those donors, and some institutional funders, gave USD 32 million in 2023 and she expects the total raised in 2024 to reach over USD 51 million.

      Previously, the nonprofit raised around USD 4 million annually, she said. UNRWA USA is a separate but affiliated nonprofit that supports UNRWA's mission through advocacy and fundraising.

      UNRWA has been the main agency providing humanitarian aid to Palestinians in Gaza, though Israel has accused it of employing hundreds of militants and allowing Hamas to operate out of its schools and other facilities. UNRWA denies those accusations. It fired several employees suspected of taking part in the October 7 attack.

      It's hard to provide an overall view of US donors' response to the war. Typically, there is a lag of more than a year before researchers can access the grant information that nonprofit organisations report on their tax forms.

      Polarised responses to the war among the public likely also deter some donors and organisations from publicising their support. That stands in contrast with Russia's invasion of Ukraine in 2022, when researchers tracked philanthropic contributions.

      Donors to UNRWA USA who spoke with The Associated Press expressed dismay with US policy, which has staunchly backed Israel with both weapons and diplomatic cover. Other donors have poured funds into nonprofits that support organisations in Israel, providing services for displaced people, mental health support and money to rebuild.

      The US had been the UNRWA's largest funder, sending USD 422 million in 2023 and USD 343 million in 2022. The funds raised by UNRWA USA certainly do not replace the amount withheld by the US government, Kronenfeld said, but she sees the donations from individuals as evidence that people have not given up hope trying to save lives in Gaza.

      “The American people really stepped up. They stepped up to provide essential, lifesaving, critical humanitarian support when our government stepped aside,” Kronenfeld said.

      In the initial weeks after the October 7 attack, the Jewish Federations of North America tapped its network with a campaign to raise USD 500 million.

      It surpassed that goal, raising USD 862 million by the end of 2024. The federations immediately started moving money to benefit survivors of the Hamas attack and Israelis displaced by the war and have allocated USD 707 million so far to organisations in Israel.

      Eric Fingerhut, the CEO and president of the foundations, said his donors have also travelled to Israel to communicate support with their presence and cited an instance when the federation talked with farming communities that were attacked.

      They needed millions to replace farming equipment that militants had burned and the federations were able to tell them, “Don't worry about the money, we'll take care of it,” Fingerhut said.

      Donors more than doubled the amount they gave to P.E.F Israel Endowment Fund, which facilitates donations to Israeli charities. In the 12 months after the war broke out, the fund gave out USD 330 million, up from the USD 160 million it typically had granted out annually, said Geoffrey Stern, its president.

      When asked about the surge in support for UNRWA USA, Stern said, “There is tragedy, there is hurt and pain, there is need on both sides of the conflict.” The vast majority of humanitarian funding comes from governments or multilateral organisations like the United Nations. But Patricia McIlreavy, president and CEO of the Centre for Disaster Philanthropy, said the support individual donors give to humanitarian organisations is very important.

      “I don't think you would find a humanitarian organisation that didn't wish that they had more flexible funding from private sources,” she said.

      Philanthropic funds from small donors or foundations can plug budget gaps, allow for innovation and help organizations operating in dangerous environments to keep their workers safe, she said.

      Last summer, Riley Brookshire, who lives near San Francisco, raised more than USD 2,100 through a crowdfunding campaign for UNRWA USA, mostly from his friends and other people he knew. It was his first time donating to the organisation.

      Over about a month, he biked more than 40 miles a day after he got off work, logging almost 1,270 miles. He called the fundraiser, “No brakes for Palestine,” in reference to the fixed gear bike he rode, which has no gears and no brakes.

      “Cycling is not apolitical,” Brookshire said.

      He was moved to start the fundraiser in part by posts he saw online from the war, which has now killed more than 47,000 Palestinians in Gaza, according to local health authorities.

      Brookshire said that he wanted to do something more than going to protests and calling his representatives, but he had doubts along the way about whether the fundraiser was working.

      “It was the early nights like that when some of the donations were kind of small at the beginning where I was like, What the hell am I doing? This might be futile. I know that I want to help. Maybe this isn't an effective way to do it,'” he said.

      After posting screenshots of his daily ride to the fundraiser for about two weeks, donations started to pick up. He said he felt a lot of gratitude to his friends who helped him reach his goal of first USD 1,200 and then, USD 2,000. But he also said the money was a drop in the bucket.

      “There's a weird contradiction there, right?" Brookshire said. "If you do something, it's not going to help very much. But if you don't do anything, then you're not helping at all.” McIlreavy said across the board, humanitarian responses to conflicts are underfunded even as the number of conflicts and displaced people have grown. Her advice for donors is not to expect that that their gift will solve a conflict or totally restore a community that's been hit by disaster.

      “We need to get more comfortable with saying, I don't need to be there for everything, but doing something is better than nothing,'” she said. (AP) GSP

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