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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
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
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    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
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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.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    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.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    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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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
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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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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
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    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
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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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      Percept Live and A.R. Rahman Set to Create History with the Global Premiere of 'The Wonderment Tour' at DY Patil Stadium

      May 3, 2025

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      Mumbai, Maharashtra, India (NewsVoir) Percept Live, the creators of Asia’s largest Electronic Dance Music Festival ‘Sunburn’, is poised to create history yet again. In an extraordinary collaboration with legendary music maestro A.R. Rahman, Percept Live is all set to unveil the global premiere of The Wonderment Tour - a spectacular, one-of-a-kind live concert experience set to light up DY Patil Stadium, Navi Mumbai on May 3, 2025 and expected to cross an attendance of 50,000 fans.

      Marking the beginning of an ambitious international tour, The Wonderment Tour promises an unforgettable multi-sensory journey featuring Rahman’s grandest production yet. Audiences can look forward to a magnificent showcase of sound, visuals, and technology, where music, storytelling, and movement unite in an ethereal celebration of art.

      Joining A.R. Rahman on this extraordinary stage will be an electrifying lineup of India's finest vocal talents, including Sukhwinder Singh, Jonita Gandhi, Mohit Chauhan, and a host of surprise guest artists yet to be announced.

      Choreographed by the legendary Shiamak Davar, the show promises a breath-taking visual narrative that sets a new benchmark in live entertainment. Featuring a stunning array of intricately crafted costumes and statement accessories to match the precision movement and compelling storytelling, every detail is designed to captivate. Davar’s visionary touch blends tradition with innovation, transforming Rahman’s iconic compositions into a dazzling sensory spectacle of rhythm, colour, fashion, and motion.

      The event is presented as part of the upcoming Waves Summit - a premier global event hosted by the Government of India. The Wonderment Tour is co-produced by Percept Live, Fairgame Entertainment, and Jo Entertainment, and promises to redefine the concert experience in India. With stunning visual storytelling, cutting-edge immersive technologies, and a carefully curated setlist blending Rahman's most iconic classics with fresh, innovative reinterpretations, the concert will transport audiences into a surreal world where nostalgia meets the future.

      In an unprecedented move, the event has attracted one of the most powerful line-ups of sponsors ever seen at a live event in India, featuring brands such as JSW, Adani, Bajaj Allianz, Rampur, Kingfisher, Tata Motors, Panchshil Realty, HSBC, boAt, Vedica, RRP Electricals, and Maharashtra Tourism.

      The Wonderment Tour is poised to redefine the very scale of live entertainment in India, with an anticipated attendance exceeding 50,000 fervent fans – a record-shattering feat that marks the largest-ever stadium audience for an Indian artist in the history of India. This landmark moment not only celebrates the genius of A.R. Rahman, but also elevates India’s stature on the global stage of live music experiences with an Indian artist.

      Despite the intense Mumbai heat wave on May 3rd, ‘The Wonderment Tour’ is a testament to Percept Live’s unwavering commitment to audience comfort, safety, and well-being. With fans traveling from every corner of India, spanning generations and geographies, meticulous, future-forward planning has been implemented to ensure a seamless and elevated experience for all. From free water stations, to a thoughtfully curated F&B experience featuring nutritionally balanced options designed to keep guests refreshed and energized throughout the evening, every detail has been designed to help guests stay cool, energized, and immersed in the magic of the evening.

      Operational logistics have been executed with great precision by Percept Live. From the moment guests arrive, best-in-class global SOPs have been deployed, spanning ample parking facilities, seamless entry management, crowd flow, multi-layered safety and security protocols, spotless restroom availability, and fully equipped medical facilities to ensure prompt assistance in case of emergencies. Every aspect has been engineered to accommodate the movement and care of 50,000 attendees with assiduousness.

      The grandeur extends to the superlative production as well. A staggering 12,000 sq. ft. LED canvas will transform the stage into a living, breathing work of art, offering an anamorphic visual marvel that will bring Rahman’s sonic world to life. World-class sound engineers have reimagined the auditory experience with cutting-edge technology, crafting a state-of-the-art audio experience tailored to the vast open-air setting. Every note, beat, and nuance will be preserved with absolute clarity, ensuring that no part of the music is lost to the outdoor environs.

      Said Ashwwin Mukundan, Business Head, Percept Live, “Executing a show of this magnitude goes far beyond stage and sound. It’s about understanding the nuances of audience experience, artist comfort, technological precision, and world-class infrastructure. Every detail, from crowd logistics and climate-sensitive planning to immersive content and acoustics, has been meticulously curated to global standards. At Percept Live, we take immense pride in presenting India’s finest talent, like the legendary A.R. Rahman, to the world with the grandeur they deserve. With ‘The Wonderment Tour’, we aren’t just hosting a concert, we are committed to delivering a world-class experience that places Indian artistry confidently on the global stage.” Said Karan Singh, Director, Percept Live, “At Percept Live, we’ve always believed in pushing the boundaries of live entertainment. With decades of experience in conceptualizing and producing some of Asia’s largest live music festivals, like Sunburn, Bollyboom and EPL, we understand the pulse of the audience, the precision required to manage massive infrastructure, and the finesse needed to work with the biggest artists in the world. The fact that a global icon like A.R. Rahman entrusted us with creation of the Wonderment Intellectual Property and the management of its world premiere, is a true testament to the credibility, scale, and creative vision that Percept Live brings to the table. We don’t just organize events … we create landmark experiences that resonate with millions around the world.” And yet, this is only the beginning. The Wonderment Tour serves as the spectacular launchpad for Percept Live's bold new vision - a monumental series of world-class productions that will spotlight the finest Indian and international talent. With a dynamic roadmap that stretches across India, neighboring countries, and overseas destinations, Percept Live is set to usher in a golden era of live entertainment, seamlessly blending cultural richness with cutting-edge innovation. Each upcoming show promises to be a landmark event, a larger-than-life celebration of music, movement, and imagination, destined to captivate audiences across continents.

      Harindra Singh, Chairman and Managing Director, Percept Limited said, “Percept Live is making its comeback in a bold new avatar - one that reflects the evolving aspirations of today’s audiences and the spirit of a self-reliant India. Inspired by Hon’ble Prime Minister Shri Narendra Modi’s visionary call to position India as the global epicentre of art, culture, and creativity, and to fuel the nation’s 'Content Economy,' we are proud to spearhead this movement from the heart of the country’s economic capital. With ‘The Wonderment Tour’, we’re not just hosting a concert - we’re setting a new benchmark in live entertainment with the biggest and best act ever staged in India’s history. Backed by deep research, innovation, and an unwavering passion for the arts, Percept Live is committed to elevating Indian artistry onto the global stage with the scale, ambition, and sophistication it deserves. This is more than a comeback … it’s a renaissance. As we move forward, Percept Live will continue to grow from strength to strength, breaking new ground and delivering iconic world-class, live entertainment experiences that reflect the pride, power, and potential of New India.” As the curtain rises on May 3, 2025, at DY Patil Stadium a night of magic, music, and memories will unfold - a night where history will once again be made by Percept Live. The Wonderment Tour is not just a concert; it is a revolution in live performance, a testament to dreams realized on a colossal scale, and the sheer power of Indian talent. And as Mumbai becomes the epicenter of this extraordinary journey, the world will watch in awe, wonder, and celebration.

      For more information, follow us on: www.instagram.com/perceptlive?utm_source.

      About Percept Live Percept Live, established in the year 2012, is the live entertainment division of Percept Limited. It owns and manages all the Intellectual Properties created in the Live Entertainment, Sports, Fashion, Digital and Media space. Percept has been in the ‘Ideas’ business for the past 41 years and has been instrumental in creating many legendary ‘Intellectual Properties’ in the past for its clients. The creation of a dedicated ‘Intellectual Properties’ business was but a further extension to Percept’s existing knowledge and expertise in the Entertainment, Media and Communications domain with a vision to convert path breaking innovative ideas into Assets in order to create long term value for all its Stakeholders.

      Intellectual Properties owned by Percept Live • Bollyboom – the world’s first and biggest Bollywood Dance Music Festival offering lifestyle entertainment experiences encompassing multi-format Live Music Events, Clubs, Lounges, F&B and Merchandize • EPL (Eat Play Love) – a multi-cultural Festival of Food, Music and Art for the entire family • Windsong – an exclusive outdoor Adventure Music Festival focused on storytelling through the vibrant and diverse platform of Music and Arts • IMS (India Model Search) – India's first and only transparent model search platform that provides equal opportunity to all aspiring fashion models • XCC (Xtreme Combat Championship) – a Fight Night competition showcasing multi-gender fights in various categories, along with a 360-degree entertainment experience including F&B, fashion and music Percept Live is a Percept company. Percept is at an enviable leadership position in the Entertainment, Media and Communications domain with a team of over 150 people and 28 offices across India.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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