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    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
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    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    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.

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      Hong Kong, The Ultimate Family Destination For Every Kind Of Vacationer, Is Calling. Will You Answer?

      June 13, 2025

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      Offering a melange of experiences and activities across iconic sites, theme parks, the outdoors and culinary trails, Hong Kong promises to be the ultimate family destination Hong Kong (NewsVoir) In the first quarter of 2025, Hong Kong witnessed a 9% increase in visitor arrivals. The city in East Asia that boasts a melting pot of culture recorded 3.8 million tourist arrivals in April. The 13 per cent year-on-year growth in tourism can be attributed to Hong Kong’s appeal as a family tourism destination. The blend of unique cultural experiences, natural beauty, panda-mania, traditional fishing villages and scintillating street food spots adds to the city’s appeal.

      Offering a melange of experiences and activities across iconic sites, theme parks, the outdoors and culinary trails, Hong Kong promises to be the ultimate family destination.

      Positioned as the ‘World’s Meeting Place,’ rightfully so, in the global business community, its allure can be attributed to four factors - its thrilling theme parks, outdoorsy activities, culinary gems and its unique travel offerings.

      Hong Kong’s theme parks have a charm that attracts people of all ages. A family favourite is the Hong Kong Disneyland. ‘The Happiest Place on Earth,’ synonymous with its fantastical zones and thrilling rides, recently threw open its newest attractions, ‘World of Frozen’ and ‘Mystic Manor’. Not checking these out in person causes major FOMO.

      Hit by a city-wide ‘panda-monium,’ the government-backed campaign ‘Pandastic Hong Kong’ has let visitors get up close with the city’s most adorable, furry inhabitants. At Ocean Park Hong Kong, Ying Ying, the oldest first-time panda mother and her twin cubs are the celebrities people from all over the world are flying in to meet.

      Here, you must sign up for the Giant Panda Discovery (29 March 2025 to 31 August 2025), an experience that lets you get insider access to restricted areas and observe the furry beings go about their daily routine. Ocean Park Hong Kong will be hosting a birthday party for its twin cubs on 15 August 2025. That’s a panda-mania you can’t miss out on! Doing full justice to the ‘Ultimate Destination’ tag are Hong Kong’s outdoorsy activities that let vacationers soak in unparalleled views while being active. On the cards is Tai Mei Tuk, a cycling trail overlooking the Plover Cove Reservoir; the chance to explore the city’s oldest fishing village on foot, Tai O Fishing Village, and escape to the Tian Tan Buddha & Po Lin Monastery for a slice of tranquillity.

      For adventure seekers, Hong Kong offers the opportunity to go horse racing at Happy Valley Racecourse and the Hong Kong Jockey Club. Thalassophiles can let down their hair and rent a charter yacht or a boat to sail the extensive coastline along the South China Sea.

      And football fans must attend the Hong Kong Football Festival, an unmissable sporting event. Kickstarting on 26 July 2025 at Kai Tak Stadium, the first international match between Liverpool FC vs AC Milan promises to be an adrenaline-pumping event.

      Creating waves in the tourism industry, Hong Kong’s ultimate destination tag extends to its commitment to promote ‘sustainable travel.’ Charting a new era of ‘green tourism,’ Hong Kong will unveil ‘Four Peaks Tourism’ in 2026. Catering to the wanderlust hikers, this initiative will give them access to four peaks-The Peak, Lantau Peak, Sai Kung Hoi, and Tai Mo Shan-encouraging eco-conscious travel.

      Outdoorsy activities would leave one with a growling appetite. So, for discerning foodies, Hong Kong is nothing short of paradise. Riddled with a mesh of Michelin-starred experiences like Shang Palace and Arbor, a Temple Street Night Market for street fare, dim sum and egg tart workshops with expert chefs, the ultimate family destination will feel like a home to vegetarian, vegan and non-vegetarians.

      For culinary enthusiasts, Hong Kong has a stream of food-forward festivals. From 1 May 2025 to 8 June 2025, Hong Kong will host the French GourMay, a culinary festival dedicated to gastronomy à la française. The 16th edition brings forth gourmet stalls featuring French flavours, live cooking demos and curated spirit tasting all under one roof.

      As always, food and travel must be taken in the same breath. So, apart from the most unique food offerings, among Hong Kong’s most unique travel highlights is Victoria Peak, standing at 552m, offering the most stunning views of the city skyline. Accessible by a 10-minute tram ride, the peak is a captivating attraction. Another unmissable experience in Hong Kong is the ‘Symphony of Lights’, a light and sound show on a sunset cruise that promises cherishable memories for family vacationers.

      Another unique event in the city is the 70 Years of Miffy 2025, happening from early May until October. It is the first playhouse and exhibition in Hong Kong dedicated to Miffy, the titular character of picture books illustrated by Dutch author and designer, Dick Bruna. Watch Miffy and her world come alive at the 1881 Heritage through simple line drawing and full-colour art. Check out DiscoverHongKong’s calendar of cultural events to stay up to date and plan your vacay around key events.

      Hong Kong is a destination where the larger-than-life theme parks meet thrilling outdoor activities, where the choicest culinary creations are found by the most unique experiences beloved to the city; where festivals, sporting events and exhibitions run throughout the year in plenty.

      A place that boasts the top 5 family-friendly attractions, including a visit to Disneyland Hong Kong, a panda-spotting outing at Ocean Park Hong Kong, a splendid day of cycling at Tai Mei Tuk, soaking in the stunning views at Victoria Peak and a spiritual trip to Tian Tan Buddha & Po Lin Monastery.

      This city offers the ultimate escape for the holiday goer demanding more out of a travel experience.

      About Curly Tales Curly Tales is India’s leading food, travel and lifestyle platform founded by Kamiya Jani in 2016 after her decade-long experience as a finance, sports and lifestyle journalist and TV anchor. Curly Tales is a platform that offers content to inspire and inform viewers with a focus on celebrating food, travel and unique experiences across India and the globe.

      (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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