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    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
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    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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    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
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    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
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    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
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    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
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    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.
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
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    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.

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      Ecuador's conservative incumbent, leftist lawyer advance to presidential runoff

      February 10, 2025

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      Guayaquil (Ecuador), Feb 10 (AP) Ecuador will choose its next president in a runoff election after conservative incumbent Daniel Noboa and leftist lawyer Luisa González garnered enough votes on Sunday to beat 14 other candidates.

      The contest, set for April 13, will be a repeat of the October 2023 snap election that earned Noboa a 16-month presidency.

      Noboa and González are now vying for a full four-year term, promising voters to reduce the widespread criminal activity that upended their lives four years ago.

      The spike in violence across the South American country is tied to the trafficking of cocaine produced in neighbouring Colombia and Peru. So many voters have become crime victims that their personal and collective losses were a determining factor in deciding whether a third president in four years could turn Ecuador around or if Noboa deserved more time in office.

      Noboa, an heir to a fortune built on the banana trade, and González, the protégée of Ecuador's most influential president this century, were the clear front-runners ahead of the election.

      Figures released by Ecuador's National Electoral Council showed that with 80 per cent of ballots tallied, Noboa received more than 3.71 million votes, or 44.43 per cent, while González earned over 3.69 million votes, or 44.17 per cent. The 14 other candidates in the race were far behind them.

      Voting is mandatory in Ecuador. Electoral authorities reported that more than 83 per cent of the roughly 13.7 million eligible voters cast ballots.

      Crime, gangs and extortion Under Noboa's watch, the homicide rate dropped from 46.18 per 100,000 people in 2023 to 38.76 per 100,000 people last year. Still, it remained far higher than the 6.85 per 100,000 people in 2019, and other crimes, such as kidnapping and extortion, have skyrocketed, making people fearful of leaving their homes.

      “For me, this president is disastrous,” said Marta Barres, 35, who went to the voting centre with her three teenage children. “Can he change things in four more years? No. He hasn't done anything.” Barres, who must pay USD 25 a month to a local gang to avoid harassment or worse, said she supported González because she believes she can reduce crime across the board and improve the economy.

      Noboa defeated González in the October 2023 runoff of a snap election that was triggered by the decision of then-President Guillermo Lasso to dissolve the National Assembly and shorten his own mandate as a result.

      Noboa and González, a mentee of former President Rafael Correa, had only served short stints as lawmakers before launching their presidential campaigns that year.

      To win outright Sunday, a candidate needed 50% of the vote or at least 40 per cent with a 10-point lead over the closest challenger.

      More than 100,000 police officers and members of the military were deployed across the country to safeguard the election, including at voting centres. At least 50 officers accompanied Noboa, his wife and their 2-year-old son to a voting centre where the president cast his ballot in the small Pacific coast community of Olón.

      Testing the limits of laws and norms of governing Noboa, 37, opened an event organizing company when he was 18 and then joined his father's Noboa Corp., where he held management positions in the shipping, logistics and commercial areas. His political career began in 2021, when he won a seat in the National Assembly and chaired its Economic Development Commission.

      As president over the past 15 months, some of his mano dura, or heavy-handed, tactics to reduce crime have come under scrutiny inside and outside the country for testing the limits of laws and norms of governing.

      His questioned tactics include the state of internal armed conflict he declared in January 2024 in order to mobilise the military in places where organised crime has taken hold, as well as last year's approval of a police raid on Mexico's embassy in the capital, Quito, to arrest former Vice President Jorge Glas, a convicted criminal and fugitive who had been living there for months.

      His head-on approach, however, is also earning him votes.

      “Noboa is the only person hitting organised crime hard,” retiree German Rizzo, who voted to get the president reelected, said outside a polling station in Samborondón, an upper-class area with gated communities separated from the port city of Guayaquil by a river.

      Things are not going to change González, 47, held various government jobs during the presidency of Correa, who led Ecuador from 2007 through 2017 with free-spending socially conservative policies and grew increasingly authoritarian in his last years as president. He was sentenced to prison in absentia in 2020 in a corruption scandal.

      González was a lawmaker from 2021 until May 2023, when Lasso dissolved the National Assembly. She was unknown to most voters until Correa's party picked her as its presidential candidate for the snap election.

      Quito's University of the Americas professor Maria Cristina Bayas said Sunday's result was “a triumph” for Correa's party because pre-election polls projected a wider difference between Noboa and González.

      Esteban Ron, dean of the Faculty of Social and Legal Sciences at the International University SEK in Quito, said Noboa will be forced to reengineer his campaign at the risk that he may have already reached his vote ceiling. Ron attributed the outcome to the problems Noboa faced during his administration.

      Waiting for her turn to vote in Guayaquil, architecture student Keila Torres said she had not yet decided who to vote for. None, she said, will be able to lower crime across Ecuador due to deep-rooted government corruption.

      “If I could, I wouldn't be here,” said Torres, who witnessed three robberies in public buses over the past four years and barely escaped a carjacking in December. “Things are not going to change.” (AP) PY PY

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