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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
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    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
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    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
    July 30, 2026
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
    IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
    July 30, 2026
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    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
    July 30, 2026
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
    The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
    July 30, 2026
    Show AI Summary
    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 30, 2026
    Show AI Summary
    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
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    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
    Show AI Summary
    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
    Show AI Summary
    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
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    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.

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      This Ramadan, relief, hope bump against violence, uncertainty in new Syria

      March 25, 2025

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      Damascus, Mar 25 (AP) Sahar Diab had visited Damascus' famed Umayyad Mosque previously. But as the Syrian lawyer went there to pray during her country's first Ramadan after the end of the Assad family's iron-fisted rule, she felt something new, something priceless: A sense of ease.

      “The rituals have become much more beautiful,” she said. “Before, we were restricted in what we could say. ... Now, there's freedom.” As Diab spoke recently, however, details were trickling in from outside Damascus about deadly clashes. The bloodshed took on sectarian overtones and devolved into the worst violence since former President Bashar Assad was overthrown in December by armed insurgents led by the Islamist group Hayat Tahrir al-Sham (HTS).

      This Ramadan — the Muslim holy month of daily fasting and heightened worship — such are the realities of a Syria undergoing complex transition. Relief, hope and joy at new openings — after 53 years of the Assad dynasty's reign, prolonged civil war and crushing economic woes — intermingle with uncertainty, fear by some, and a particularly bloody and worrisome wave of violence.

      Some are feeling empowered, others vulnerable.

      “We're not afraid of anything,” Diab said. She wants her country to be rebuilt and to get rid of Assad-era “corruption and bribery”.

      At the Umayyad Mosque, the rituals were age-old: A woman fingering a prayer bead and kissing a copy of the Quran; the faithful standing shoulder-to-shoulder and prostrating in prayer; the Umayyad's iconic and unusual group call to prayer, recited by several people.

      The sermon, by contrast, was fiery in delivery and new in message.

      The speaker, often interrupted by loud chants of “God is great”, railed against Assad and hailed the uprising against him.

      “Our revolution is not a sectarian revolution even though we'd been slaughtered by the sword of sectarianism,” he said.

      This Ramadan, Syrians marked the 14th anniversary of the start of their country's civil war. The conflict began as one of several popular uprisings against Arab dictators, before Assad crushed what started as largely peaceful protests and a civil war erupted.

      It became increasingly fought along sectarian lines, drawing in foreign powers and fighters. Assad, who had ruled over a majority Sunni population, belongs to the minority Alawite sect and had drawn from Alawite ranks for military and security positions, fuelling resentment. That, Alawites say now, shouldn't mean collective blame for his actions.

      Many Syrians speak of omnipresent fear under Assad, often citing the Arabic saying, “the walls have ears”, reflecting that speaking up even privately didn't feel safe. They talk of hardships, injustices and brutality. Now, for example, many celebrate freedom from dreaded Assad-era checkpoints.

      “They would harass us,” said Ahmed Saad Aldeen, who came to the Umayyad Mosque from the city of Homs. “You go out ... and you don't know whether you'll return home or not.” He said more than a dozen cousins are missing; a search for them in prisons proved futile.

      Mohammed Qudmani said even going to the mosque caused anxiety for some before, for fear of getting on security forces' radar screen or being labelled a “terrorist”.

      Now, Damascus streets are bedecked with the new three-starred flag, not long ago a symbol of Assad's opponents. It flutters from poles and is plastered to walls, sometimes with the words “God is great” handwritten on it.

      One billboard declares this the “Ramadan of victory.” On a government building, the faces of former presidents Bashar and Hafez Assad are partly cut off from a painting; in their place, “The Freedom” is scribbled in Arabic.

      Haidar Haidar, who owns a sweets shop, said he was touched that new security force members gave him water and dates while he was out when a call to prayer signaled that those fasting can eat and drink.

      “We never saw such things here,” he said, adding that he used to recite Quranic verses for protection before passing through Assad's checkpoints.

      He said his business was doing well this Ramadan and ingredients have become more available.

      Still, challenges — economic, geopolitical and otherwise — abound.

      Many dream of a new Syria, but exactly how that would look remains uncertain.

      “The situation is foggy,” said Damascus resident Wassim Bassimah. “Of course, there's great joy that we've gotten rid of the cancer we had, but there's also a lot of wariness.” Syrians, he added, must be mindful to protect their country from sliding back into civil war and should maintain a dialogue that is inclusive of all.

      “The external enemies are still there,” he said. “So are the enemies from within.” The war's scars are inescapable.

      Just outside of Damascus, death and destruction are seared into some landscapes littered with pockmarked and ruined structures. Many Syrians grieve the missing and killed; many families have been divided by the exodus of millions as refugees.

      Ramadan typically sees festive gatherings with loved ones to break the daily fast. Some Syrians huddle around food and juices at restaurants or throng to Ramadan tents to break their fast and smoke waterpipes as they listen to songs.

      But this month's violence in Syria's coastal region has stoked fears among some.

      The bloodshed began after reports of attacks by Assad loyalists on government security forces. Human rights and monitoring groups reported revenge killings in the counteroffensive, which they said saw the involvement of multiple groups.

      According to them, hundreds of civilians, or more, were killed; figures couldn't be independently confirmed.

      The Syrian Observatory for Human Rights said most of the killed civilians were Alawites in addition to a number of armed Alawites and security forces. Syrian authorities have formed a committee tasked with investigating the violence.

      Even before the bloodshed, while many celebrated the new government, others questioned what the ascent of the former insurgent forces would mean for freedoms, including of minorities and of those in the majority who are secular-minded or adhere to less conservative interpretations of Islam. The new authorities have made assurances about pluralism.

      Sheikh Adham al-khatib, a representative of Twelver Shiites in Syria, said many from the Shiite minority felt scared after Assad's ouster and some fled the country.

      Some later returned, encouraged by a relative calm and the new authorities' reassurances, he said, but the recent violence and some “individual transgressions" have rekindled fears.

      As the violence unfolded earlier this month, crowds gathered in Damascus.

      Some rallied to support security forces. Others, like Malak al Shanawani, participated in a different gathering, against the killing of the security forces and civilians. The bloodshed brought tears to her eyes.

      “It's nightmarish,” said the feminist and political activist. “It's one of the worst moments.” Under Assad, al Shanawani was arrested more than once. Among those killed in the violence, she said, were three brothers of an Alawite friend who was also arrested under Assad.

      “When we used to hear that the Alawites would get slaughtered, we'd say: No, we can protect you; we wouldn't allow this to happen,'” said al Shanawani, who's from the Sunni community. “But it has happened.” At the silent vigil, activists raised signs that called for de-escalation and denounced “sectarian incitement.” One read: “Neither religion, nor sect will divide us.” Another declared: “The Syrian revolution doesn't accept injustice.” But the gathering quickly deteriorated into shouting and shoving matches as some on the street appeared provoked by it.

      One man angrily asked participants where they were when it was the Sunnis who were suffering. Another furiously ripped a sign. A third insulted Alawites.

      Here and there, some attempted to discuss, to find common ground. Occasionally, people who started off arguing would agree on something and join each other in chants.

      “One. One. One,” they yelled. “The Syrian people are one.” As the chaos and friction continued, however, gunshots were fired into the air to disperse the crowds. (AP) PY PY

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