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    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
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    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
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    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
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    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
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    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
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    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
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    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
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    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
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    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
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    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
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    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
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    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
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    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.

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      From Buenos Aires to Rome: Key dates in life of Pope Francis

      April 21, 2025

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      Vatican City, Apr 21 (AP) Key events in the life of Jorge Mario Bergoglio, who became Pope Francis and died on Monday: December 17, 1936: Jorge Mario Bergoglio is born in Buenos Aires, Argentina, the eldest of five children to Mario Jose Bergoglio, an accountant from Italy, and Regina María Sívori, the daughter of Italian immigrants.

      December 13, 1969: Ordained a priest with the Jesuit religious order, which he would lead as Argentina provincial superior during the country's murderous dictatorship that began in the 1970s.

      May 20, 1992: Named auxiliary bishop of Buenos Aires and in 1998 succeeds Cardinal Antonio Quarracino as archbishop of the Argentine capital.

      February 21, 2001: Elevated to cardinal by St. John Paul II.

      May 2007: Helps draft the final document of the fifth meeting of the Latin American bishops conference in Aparecida, Brazil, synthesising what would eventually become his concerns as pope for the poor, Indigenous peoples and the environment and the need for a missionary church.

      March 13, 2013: Elected 266th pope, the first from the Americas, the first Jesuit and the first to take the name of Francis, after St. Francis of Assisi.

      April 13, 2013: Creates a kitchen cabinet of eight cardinals from around the globe to help him govern the church and reorganize its bureaucracy.

      May 12, 2013: Canonizes the “Martyrs of Otranto”, 813 Italians slain in 1480 for defying demands by Turkish invaders to convert to Islam. With one ceremony, Francis nearly doubled the 480 saints made by St. John Paul II over his quarter-century pontificate, which at the time was more than all his predecessors combined for 500 years.

      July 8, 2013: Makes first trip outside Rome to the Sicilian island of Lampedusa to meet with newly arrived migrants and denounces the “globalisation of indifference” shown to would-be refugees.

      July 30, 2013: Declares “Who am I to judge?” when asked about a gay priest during a news conference, signalling a more welcoming stance toward LGBTQ+ community.

      November 26, 2013: Issues mission statement for his papacy in Evangelii Gaudium, (“The Joy of the Gospel”), denouncing the world financial system that excludes the poor and declaring the Eucharist is “not a prize for the perfect but a powerful medicine and nourishment for the weak”.

      May 25, 2014: Makes an unscheduled stop to pray at wall separating Israel from West Bank town of Bethlehem, in a show of support for the Palestinian cause.

      June 8, 2014: Hosts Israeli and Palestinian presidents for peace prayers in the Vatican gardens.

      March 20, 2015: Accepts the resignation of the “rights and privileges” of Scottish Cardinal Keith O'Brien after adult men accuse him of sexual misconduct.

      June 18, 2015: Issues his environmental manifesto “Laudato Si” (“Praised Be”), calling for a cultural revolution to correct the “structurally perverse” global economic system that exploits the poor and has turned Earth into “an immense pile of filth".

      July 10, 2015: Apologises in Bolivia for the sins and crimes of the Catholic Church against Indigenous peoples during the colonial-era conquest of the Americas.

      September 8, 2015: Overhauls the annulment process to make it faster, cheaper and simpler so divorced Catholics can remarry in the church.

      September 24, 2015: Challenges Congress to rediscover America's ideals by acting on climate change, immigration and poverty reduction in the first speech by a pope at the US Capitol.

      November 29, 2015: Inaugurates the Jubilee of Mercy by opening the Holy Door of the cathedral in Bangui, Central African Republic, rather than at the Vatican.

      Febrruary 12, 2016: Meets Russian Orthodox Patriarch Kirill during a stopover in Havana and declares “We are brothers,” in first such meeting between a pope and patriarch in over 1,000 years.

      February 18, 2016: Prays for dead migrants at the US-Mexico border, later says then-presidential candidate Donald Trump is “not a Christian” for wanting to build a border wall.

      April 8, 2016: Opens the way to letting divorced and civilly remarried Catholics receive Communion in a footnote to the document “Amoris Laetitia” (“The Joy of Love”).

      April 16, 2016: Visits a refugee camp in Lesbos, Greece, and brings 12 Syrian Muslims to Rome aboard his papal plane in an appeal for solidarity toward migrants.

      September 19, 2016: Is questioned in a letter by four conservative cardinals seeking clarification of his opening to divorced and remarried Catholics.

      December 1, 2017: Declares at a meeting in Bangladesh with Myanmar Rohingya refugees that, “The presence of God today is also called Rohingya.” January 19, 2018: Accuses sex abuse victims of slander during a visit to Chile, further undermining Catholic Church's credibility. Subsequently orders a Vatican investigation into Chile's abuse crisis.

      April 12, 2018: Admits to “grave errors” in judgment in Chile's sex abuse scandal. Later summons Chilean bishops to Rome to secure their resignations and invites abuse victims to Vatican to apologize.

      August 3, 2018: Declares capital punishment “inadmissible” under all circumstances in a change to official church teaching.

      July 28, 2018: Accepts the resignation of Cardinal Theodore McCarrick from the College of Cardinals, orders him to penance and prayer pending an investigation into allegations of sexual misconduct with minors and adults.

      August 26, 2018: Retired Vatican ambassador Archbishop Carlo Maria Vigano publishes bombshell accusation claiming US and Vatican officials for two decades covered up McCarrick's sexual misconduct, demands Francis resign.

      September 22, 2018: Vatican and China sign landmark agreement over bishop nominations.

      October 14, 2018: Canonizes slain Salvadoran Archbishop Óscar Romero after his saint-making process was held up for decades by conservative cardinals.

      February 4, 2019: Signs the “Human Fraternity” document with the imam of Al Azhar, establishing collaborative relations between Catholics and Muslims.

      February 16, 2019: Defrocks McCarrick after Vatican investigation finds he sexually abused minors and adults.

      February 21, 2019: Opens first Vatican summit on child protection, warns bishops the faithful demand action, not just condemnation of clergy sexual abuse.

      May 9, 2019: Issues new church law requiring clergy sex abuse to be reported in-house, although not to police; establishes procedures for investigating accused bishops, cardinals and religious superiors.

      October 25, 2019: Apologizes to Amazonian bishops, tribal leaders after conservative activists steal Indigenous statues from Vatican-area church and throw them into Tiber River in show of opposition to the pope.

      November 24, 2019: Declares the use and possession of nuclear weapons “immoral” during a visit to Hiroshima and Nagasaki, Japan.

      December 17, 2019: Abolishes use of “pontifical secret” in clergy sex abuse cases, allowing bishops to share internal documentation about abusers with law enforcement.

      February 12, 2020: Declines to approve ordination of married men as priests after appeals from Amazonian bishops, sidestepping issue in document “Querida Amazonia” (“Beloved Amazon”).

      March 27, 2020: Delivers solitary evening prayer to the world facing the coronavirus pandemic from the promenade of St. Peter's Square.

      October 4, 2020: Issues encyclical “Fratelli Tutti” (“Brothers All,”), arguing the pandemic proves theories of market capitalism failed and a new type of politics is needed to promote human fraternity.

      November 10, 2020: Vatican report into McCarrick finds Vatican, U.S. bishops, cardinals and popes played down or dismissed reports of sexual misconduct but spares Francis.

      March 5-8, 2021: Becomes first pope to visit Iraq, meeting with its top Shiite Muslim cleric.

      July 4, 2021: Undergoes intestinal surgery at Rome's Gemelli hospital, has 33 centimeters (13 inches) of colon removed.

      January 5, 2023: Presides at funeral Mass for Pope Benedict XVI.

      January 24, 2023: Declares in an Associated Press interview that “Being homosexual is not a crime.” March 29, 2023: Is admitted to Rome's Gemelli hospital for respiratory infection; is released April 1.

      June 7, 2023: Undergoes surgery to remove intestinal scar tissue and repair a hernia in the abdominal wall.

      October 4, 2023: Opens a synod on making the church more responsive to ordinary faithful during which women are allowed to vote alongside bishops for the first time.

      November 28, 2023: Cancels visit to Dubai to address UN climate conference and outline a new ecological manifesto “Laudate Deum” ("Praise God") because of a new case of acute bronchitis.

      December 16, 2023: Vatican tribunal convicts Cardinal Angelo Becciu of embezzlement and sentences him to 5½ years in prison in one of several verdicts in a complicated financial trial that aired the city state's dirty laundry and tested its justice system.

      December 19, 2023: Approves blessings for same-sex couples provided they don't resemble marriage, sparking fierce opposition from conservative bishops in Africa, Asia and elsewhere.

      July 5, 2024: Vatican excommunicates leading Francis critic Archbishop Carlo Maria Vigano for schism.

      September 10, 2024: Some 600,000 people, half of East Timor's population, attend Francis' Mass in Dili in what is believed to be the biggest turnout for a papal event in terms of the proportion of the population.

      December 26, 2024: Opens the holy door of Rome's Rebibbia prison, two days after formally inaugurating the 2025 Jubilee.

      January 16, 2025: Appears wearing a sling after a fall that bruised his right arm, just weeks after another apparent fall bruised his chin.

      February 14, 2025: Is hospitalized after a bout of bronchitis worsens and then develops into a complex lung infection and double pneumonia.

      February 28, 2025: His doctors briefly consider suspending treatment after a breathing crisis but decides instead on an aggressive course that risks organ damage.

      March 13, 2025: Marks the 12th anniversary of his election as pope while hospitalised.

      March 23, 2025: Is released from the hospital after 38 days of treatment but looked weak and frail earlier that day when appearing on a balcony to greet the crowd below.

      April 17, 2025: Still recovering from double pneumonia, Francis keeps his Holy Thursday tradition of spending time with the least fortunate, visiting inmates at Rome's Regina Caeli prison.

      Although he says he couldn't perform the ritual of washing the feet of 12 people in a gesture of humility, he adds he wanted to be with them and “do what Jesus did on Holy Thursday”. (AP) PY PY

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