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    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
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    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
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    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
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    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
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    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
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    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
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    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
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    August 4, 2026
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    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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      New US airstrike campaign targeting Yemen's Houthi rebels more intense than last, AP review finds

      March 27, 2025

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      Dubai, Mar 27 (AP) A new American airstrike campaign against Yemen's Houthi rebels appears more intense and more extensive, as the US moves from solely targeting launch sites to firing at ranking personnel as well as dropping bombs in city neighbourhoods, an Associated Press review of the operation shows.

      The pattern under US President Donald Trump reflects a departure from the Biden administration, which limited its strikes as Arab allies tried to reach a separate peace with the group. It comes after the Iran-backed Houthis threatened to resume attacking “any Israeli vessel” over the country's refusal to allow aid into the Gaza Strip.

      The Houthi attacks and the response to them have drawn new scrutiny in Washington after security officials in Trump's administration shared plans for the first round of strikes on the rebels in a group chat that included a journalist. But bombing alone may not be enough to stop the Houthis, whose earlier barrage of missile fire toward the US Navy represented the most intense combat it had seen since World War II.

      “Folks that say, 'We'll go in there and take out everyone with the last name Houthi and we'll win.' The Houthi leadership has been taken out in history in the past, and they are resilient," retired US Navy Vice Adm. Kevin Donegan said. “They came back and they grew stronger. So this isn't something that is a one-and-done.” Meanwhile, concerns are growing over civilians being caught in the middle of the campaign. While the US military has not acknowledged any civilian casualties since the strikes began over a week ago, activists fear strikes may have killed noncombatants already in territory tightly controlled by the Houthis.

      “Just because you can't see civilian harm doesn't mean it's not happening,” warned Emily Tripp, the director of the UK-based group Airwars, which studies Western airstrike campaigns.

      A new, intense US airstrike campaign shakes Yemen The Trump campaign began March 15. American warships fired cruise missiles while fighter jets flying off of the USS Harry S. Truman aircraft carrier dropped bombs on Houthi-controlled areas of Yemen, a nation on the southern edge of the Arabian Peninsula that is the Arab world's poorest.

      “No terrorist force will stop American commercial and naval vessels from freely sailing the Waterways of the World,” Trump said in a social media post announcing the campaign, days after his administration reimposed a “foreign terrorist organisation” designation on the Houthis.

      So far, the Houthis say the airstrikes have killed 57 people.

      That's just over half the 106 people the Houthis' secretive leader, Abdul Malik al-Houthi, claimed the US and UK killed during all of 2024. He provided no breakdown of combatants versus noncombatants. Houthi fighters often aren't in uniform.

      Al-Houthi said the two countries launched over 930 strikes last year. The US-based Armed Conflict Location & Event Data Project, known as ACLED, has recorded 305 strikes. The discrepancy between the figures could not be immediately reconciled, though the Houthis could be counting individual pieces of ordnance launched, rather than a single event with multiple bombs used, as ACLED does. The rebels also have exaggerated details in the past.

      Between March 15 to March 21, ACLED reported 56 events. The campaign also has seen the highest number of events in a week since the American bombing campaign began on Yemen during the Israel-Hamas war.

      Trump administration officials have touted the differences between their strikes and those carried out under President Joe Biden.

      “The difference is, these were not kind of pin prick, back and forth, what ultimately proved to be feckless attacks,” Trump's national security adviser, Mike Waltz, told ABC's “This Week” on March 16. “This was an overwhelming response that actually targeted multiple Houthi leaders and took them out.” Waltz has also claimed key members of Houthi leadership, including their "head missileer,” have been killed. The Houthis have not acknowledged any losses in their leadership.

      There are indeed clear differences, said Luca Nevola, the senior analyst for Yemen and the Gulf at ACLED. Under Biden, the focus appeared to be on mobile launchers for missiles and drones, then infrastructure, he said. Trump is targeting urban areas more intensely, judging from the number of strikes on cities so far.

      “It's very likely that somehow the Trump administration is pursuing a decapitation strategy,” Nevola added.

      The Trump administration is also allowing the US military's Central Command, which oversees Mideast operations, to launch offensive strikes at will, rather than having the White House sign off on each attack as under Biden. That will mean more strikes.

      Israel, which has repeatedly been targeted by Houthi missile fire and drones, also launched four rounds of airstrikes in 2024 and another in January.

      Less transparency, growing concerns about civilians being harmed During the Biden administration, Central Command offered details to the public on most strikes conducted during the campaign. Those details often included the target struck and the reason behind it.

      Since the start of the new campaign, however, there's been no similar breakdown.

      Donegan, the retired vice admiral, praised that strategy during a recent call hosted by the Jewish Institute for National Security of America. "You don't tell the enemy what you're going to do, and you don't tell them what you're not going to do.” But that also means the Houthis' description of targets is the only one that's public. They've claimed two attacks targeted an under-construction cancer clinic in the city of Saada, as well as private homes and crowded city neighbourhoods. There's been no effort so far from the US military to either dispute that or offer evidence to support strikes on those targets.

      “It's an extremely complicated information environment in Yemen," Tripp, of Airwars, said. "The Houthis have extensive restrictions on (activists) and operations, media and press.” The US military declined to answer questions regarding possible civilian casualties but said the "Houthis continue to communicate lies and disinformation." “CENTCOM won't provide details on strikes and locations until the operation has concluded, and there is no additional risk to US personnel or assets involved,” it added, using an acronym for Central Command. “At the direction of the president, CENTCOM continues to conduct strikes across multiple Iran-backed Houthi locations every day and night to restore freedom of navigation and restore American deterrence.” Houthi attacks started over the Israel-Hamas war From November 2023 — weeks after the Israel-Hamas war began — until January of this year, the Houthis targeted over 100 merchant vessels with missiles and drones, sinking two and killing four sailors.

      The rebels said the campaign in the Red Sea, the Gulf of Aden and the Bab el-Mandeb Strait connecting the two waterways was carried out in solidarity with Hamas. It stopped with the ceasefire reached in that war in January.

      The attacks greatly raised the Houthis' profile as they faced economic problems and launched a crackdown targeting any dissent and aid workers at home amid Yemen's decadelong stalemated war.

      Since the ceasefire ended, the Houthis have not resumed their attacks on shipping in the vital corridor for cargo and energy shipments moving between Asia and Europe. Still, overall traffic remains sharply reduced.

      A European Union naval force has been patrolling the Red Sea and escorting ships, as well as taking Houthi fire. However, the vast majority of Houthi attacks toward military targets has been pointed at US Navy vessels.

      More US forces move into Mideast as Yemen's future in question The US airstrikes have kept up a daily tempo since beginning March 15. Meanwhile, the USS Carl Vinson and its carrier strike group is to transit into the Middle East.

      That, along with the Truman, will likely give the American military two places to launch aircraft since it hasn't immediately appeared that any strikes came from bases in other Mideast nations — where public sentiment remains strongly with the Palestinians in the Israel-Hamas war.

      The US military also may be bringing additional firepower, as radio transmissions from B-2 stealth bombers and flight-tracking data suggested the US Air Force is moving a number of the aircraft to Diego Garcia in the Indian Ocean.

      But the future of Yemen itself remains in question. The Houthis broadly maintain control over the capital of Sanaa and the country's northwest. Yemen's exiled government is part of a fractious coalition that for now appears unable to wrest any control back from the rebels.

      Meanwhile, Saudi Arabia and the United Arab Emirates, which launched a war 10 years ago against the Houthis, have pushed for peace talks as fighting appears broadly frozen on the ground.

      “The United States can hurt the Houthis, it can weaken them," wrote Gregory D. Johnsen, a Yemen expert at the Arab Gulf States Institute in Washington, “but without effective ground troops — either its own or someone else's — it will not be able to eliminate their capabilities.” (AP) GRS GRS

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