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    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
    Global gold demand flat at 1,269 tonnes in June quarter, says WGC
    MCD to launch 5-year PPP policy to modernise school stadiums, offer free sports coaching
    Piramal Pharma Limited Announces Results for Q1 FY27
    Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
    Innovation, Startups, MSMEs and Quality Manufacturing are Pillars of India's Future Growth: Shri Piyush Goyal at 22nd J.R.D. Tata Memorial Lecture
    UP ATS nabs kingpin of fake document racket from West Bengal
    Calcutta HC says voter ID, Aadhaar, PAN not proof of Indian citizenship
    Corporate Mitra Scheme Awareness Webinar organized by IICA Shillong, Ministry of Corporate Affairs witnessing overwhelming participation of youth and ...
    CCI approves amalgamation of Go Digit Infoworks Services, holding company of Go Digit General Insurance Ltd, with Go Digit General Insurance Ltd, such...
    CCI approves acquisition of units of Oaktree capital group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP) by Brookfield Asset Management L...
    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
    Building Deep and Resilient Financial Markets for a Viksit Bharat - Keynote Address delivered by Shri Rohit Jain, Deputy Governor at the Financial Ins...
    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
    Creation of separate ministry infused new energy in India's cooperative movement: Amit Shah
    Railways operates first-ever direct freight train from Kolkata Port to Nepal's Biratnagar
    Haryana Cabinet approves housing, EV, MSME and governance reforms
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    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
    Show AI Summary
    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
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    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
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    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
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    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
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    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
    Show AI Summary
    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.
    July 29, 2026
    Show AI Summary
    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
    Show AI Summary
    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
    Show AI Summary
    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
    Show AI Summary
    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
    Show AI Summary
    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.

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      Trump's mass deportations leave Democrats more ready to fight back

      June 12, 2025

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      Washington, Jun 12 (AP) California Governor Gavin Newsom looked straight into the camera and staked out a clear choice for his Democratic Party.

      The governor positioned himself as not only a leader of the opposition to President Donald Trump's mass deportation agenda, but a de facto champion of the immigrants now being rounded up in California and across the country. Many of them, he said in the video address, were not hardened criminals, but hard-working people scooped up at a Home Depot lot or a garment factory, and detained by masked agents assisted by National Guard troops.

      It is a politically charged position for the party to take, after watching voter discontent with illegal immigration fuel Trump's return to the White House. It leaves Democrats deciding how strongly to align with that message in the face of blistering criticism from Republicans who are pouring billions of dollars into supporting Trump's strict immigration campaign.

      Senate Democratic Leader Chuck Schumer of New York said on Wednesday he is proud of Newsom, "he's refusing to be intimidated by Donald Trump." From the streets of Los Angeles to the halls of Congress, the debate over Trump's mass deportation agenda is forcing the US to reckon with core values as a nation of immigrants, but also its long-standing practice of allowing migrants to live and work in the US in a gray zone while not granting them full legal status. More than 11 million immigrants are in the US without proper approval, with millions more having arrived with temporary protections.

      As Trump's administration promises to round up some 3,000 immigrants a day and deport 1 million a year, the political stakes are shifting in real time. The president rode to the White House with his promise of mass deportations — rally crowds echoed his campaign promise to "build the wall." But Americans are watching as Trump deploys the National Guard and active US Marines to Los Angeles, while pockets of demonstrations erupt in other cities nationwide, including after agents raided a meat processing plant in Omaha, Nebraska.

      Joel Payne, a Democratic strategist, said the country's mood appears to be somewhere between then-President Barack Obama's assertion that America is "a nation of immigrants, we're also a nation of laws" and Trump's "more aggressive" deportation approach.

      "Democrats still have some work to do to be consistently trustworthy messengers on the issue," he said.

      At the same time, he said, Trump's actions as a "chaos agent" on immigration when there's already unrest over his trade wars and economic uncertainty, risk overreaching if the upheaval begins to sow havoc in the lives of Americans.

      Republicans have been relentless in their attacks on Democrats, portraying the situation in Los Angeles, which has been largely confined to a small area downtown, in highly charged terms as "riots," in a preview of campaign ads to come.

      Police said more than 200 people were detained for failing to disperse on Tuesday, and 17 others for violating the 8 pm curfew over part of Los Angeles. Police arrested several more people for possessing a firearm, assaulting a police officer and other violations. Two people have been charged for allegedly throwing Molotov cocktails toward police during LA protests.

      House Speaker Mike Johnson said Newsom should be "tarred and feathered" for his leadership in the state, which he called "a safe haven to violent criminal illegal aliens." At a private meeting of House Republicans this week with White House Press Secretary Karoline Leavitt, Rep Richard Hudson, the chairman of the GOP's campaign arm, framed the situation as Democrats supporting rioting and chaos while Republicans stand for law and order.

      "Violent insurrectionists turned areas of Los Angeles into lawless hellscapes over the weekend," wrote Senator Tom Cotton, R-Ark, earlier this week in the Wall Street Journal, suggesting it may be time to send in military troops.

      "The American people elected Donald Trump and a Republican Congress to secure our border and deport violent illegal aliens. That's exactly what the president is doing." But not all rank-and-file Republicans are on board with such a heavy-handed approach.

      GOP Rep David Valadao, who represents California's agriculture regions in the Central Valley, said on social media he remains "concerned about ongoing ICE operations throughout CA" and was urging the administration "to prioritise the removal of known criminals over the hardworking people who have lived peacefully in the Valley for years." Heading into the 2026 mid-term election season, with control of the House and Senate at stake, it is a repeat of past political battles, as Congress has failed repeatedly to pass major immigration law changes.

      The politics have shifted dramatically from the Obama era, when his administration took executive action to protect young immigrants known as Dreamers under the landmark Deferred Action for Childhood Arrivals programme.

      Those days, lawmakers were considering proposals to beef up border security as part of a broader package that would also create legal pathways, including for citizenship, for immigrants who have lived in the country for years and paid taxes, some filling roles in jobs Americans won't always take.

      With Trump's return to the Oval Office, the debate has turned toward aggressively removing immigrants, including millions who were allowed to legally enter the US during the Biden administration, as they await their immigration hearings and proceedings.

      "This anniversary should be a reminder," said Senator Dick Durbin, D-Ill, at a Wednesday event at the US Capitol championing DACA's 13th year, even as protections are at risk under Trump's administration. "Immigration has many faces." Despite their challenges in last year's election, Democrats feel more emboldened to resist Trump's actions than even just a few months ago, but the political conversation has nonetheless shifted in Trump's direction.

      While Democrats are unified against Trump's big tax breaks bill, with its USD 150 billion for new detention facilities, deportation flights and 10,000 new Immigration and Customs Enforcement agents, they talk more openly about beefing up border security and detaining the most dangerous criminal elements.

      Rep Suzan DelBene, D-Wash, chair of the Democratic Congressional Campaign Committee, points to the example of Democratic Rep Tom Suozzi, who won a special election in New York last year when he addressed potential changes to the immigration system head-on. At one point, he crashed a GOP opponent's news conference with his own.

      "Trump said he was going to go after the worst of the worst, but he has ignored the laws, ignored due process, ignored the courts — and the American people reject that," she told The Associated Press.

      "People want a president and a government that is going to fight for the issues that matter most to them, fight to move our country forward," she said. "They want a Congress that is going to be a coequal branch of government and a check on this president." (AP) RUK RUK

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