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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
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    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
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    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
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    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
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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.
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
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    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
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      Fragile ceasefire appears to hold between Israel, Iran; Trump vents frustration with both sides

      June 25, 2025

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      Dubai, Jun 24 (AP) A fragile ceasefire between Iran and Israel appeared to hold Tuesday after initially faltering, and US President Donald Trump expressed frustration with both sides, saying they have fought “for so long and so hard” that they do not know what they are doing.

      Israel had earlier accused Iran of launching missiles into its airspace after the truce was supposed to take effect, and the Israeli finance minister vowed that “Tehran will tremble.” The Iranian military denied firing on Israel, state media reported, but explosions boomed and sirens sounded across northern Israel in the morning, and an Israeli military official said two Iranian missiles were intercepted.

      Trump told reporters at the White House before departing for a NATO summit that, in his view, both sides had violated the nascent agreement. He had particularly strong words for Israel, a close ally, while suggesting Iran may have fired on the country by mistake.

      But later he said the deal was saved.

      “ISRAEL is not going to attack Iran. All planes will turn around and head home, while doing a friendly “Plane Wave” to Iran. Nobody will be hurt, the Ceasefire is in effect!” Trump said in his Truth Social post.

      Indeed, Israeli Prime Minister Benjamin Netanyahu's office said he held off on tougher strikes against Iran after speaking to Trump.

      The conflict, now in its 12th day, began with Israel targeting Iranian nuclear and military sites, saying it could not allow Tehran to develop atomic weapons and that it feared the Islamic Republic was close. Iran has long maintained that its programme is peaceful.

      If the truce holds, it will provide a global sense of relief after the US intervened by dropping bunker-buster bombs on nuclear sites over the weekend — a move that risked further destabilizing the volatile region.

      Trump phoned Netanyahu after the American bombing on Sunday and told him not to expect additional US military attacks and that he should seek a diplomatic solution with Iran, a senior White House official said.

      Trump's position was that the US had removed any imminent threat posed by Iran, according to the official who was not authorised to comment publicly about sensitive diplomatic talks and spoke on condition of anonymity.

      Israel followed up the US air attacks by expanding the kinds of targets it was hitting.

      After Tehran launched a limited retaliatory strike Monday on a US military base in Qatar, Trump announced the ceasefire.

      A protracted conflict could have a broad economic impact if Iran closed the Strait of Hormuz, a major shipping channel.

      China, which is Iran's largest trading partner and only remaining oil customer, condemned the US attacks and said it was concerned about a “spiral of escalations” without a ceasefire.

      Trump suggested the ceasefire would allow Iranian oil to continue to flow, saying on social media that China could keep purchasing crude from Iran.

      Israel accuses Iran of violating the truce. Iran denies allegation The deal got off to a rocky start.

      An Israeli military official who spoke on the condition of anonymity in line with military regulations said Iran launched two missiles at Israel hours into the tenuous ceasefire. Both were intercepted, the official said.

      Iranian state television reported that the military denied firing missiles after the start of the ceasefire — while condemning Israel for predawn strikes of its own.

      One of those attacks killed a high-profile nuclear scientist, Mohammad Reza Sedighi Saber, at his father-in-law's residence in northern Iran, Iranian state TV reported.

      As Trump spoke to reporters at the White House before departing for the NATO summit, he expressed disappointment with both sides.

      Iran “violated it, but Israel violated it too,” Trump said. ”I'm not happy with Israel.” Trump's frustration was palpable, using an expletive to hammer home his point.

      “We basically have two countries that have been fighting so long and so hard that they don't know what the f—- they're doing,” he said.

      Later, however, he announced that Israel had backed off its threat to attack Tehran and would turn its jets around.

      Netanyahu's office said Israel struck an Iranian radar site in response to the Iranian missile attack early Tuesday, but Israeli forces held off on something bigger.

      Following Trump's conversation with Netanyahu, "Israel refrained from additional attacks,” Netanyahu's office said.

      Breakthrough announced after hostilities spread Netanyahu said Israel agreed to a bilateral ceasefire with Iran, in coordination with Trump, after the country achieved all of its war goals, including removing the threat of Iran's nuclear and ballistic missile programs.

      It's unclear what role Ayatollah Ali Khamenei, Iran's leader, played in the talks. He said earlier on social media that he would not surrender.

      Trump said Tuesday that he wasn't seeking regime change in Iran, two days after floating the idea himself in a social media post.

      “I don't want it," Trump told reporters on Air Force One. “Regime change takes chaos and, ideally, we don't want to see much chaos.” Before the ceasefire was announced, Israel's military said Iran launched 20 missiles toward Israel. Police said they damaged at least three densely packed residential buildings in the city of Beersheba. First responders said they retrieved four bodies from one building and were searching for more. At least 20 people were injured.

      Outside, the shells of burned out cars littered the streets. Broken glass and rubble covered the area. Police said some people were injured while inside their apartments' reinforced safe rooms, which are meant to withstand rockets but not direct hits from ballistic missiles.

      The attack followed a limited Iranian missile attack Monday on a US military base in Qatar, retaliating for earlier American bombing of its nuclear sites. The US was warned by Iran in advance, and there were no casualties.

      Drones attacked military bases in Iraq overnight, including some housing US troops, the Iraqi army and a US military official said Tuesday.

      A senior US military official, who spoke on condition of anonymity because he was not authorised to comment publicly, said US forces shot down drones attacking Ain al-Assad in the desert in western Iraq and at a base next to the Baghdad airport, while another one crashed.

      No casualties were reported, and no group claimed responsibility for the attacks in Iraq. Some Iran-backed Iraqi militias had previously threatened to target US bases if the US attacked Iran.

      Conflict has killed hundreds In Israel, at least 28 people have been killed and more than 1,000 wounded in the war. Israeli strikes on Iran have killed at least 974 people and wounded 3,458 others, according to the Washington-based group Human Rights Activists.

      The group, which has provided detailed casualty figures from Iranian unrest, said of those killed, it identified 387 civilians and 268 security force personnel.

      The US has evacuated some 250 American citizens and their immediate family members from Israel by government, military and charter flights that began over the weekend, a State Department official said.

      There are roughly 700,000 American citizens, most of them dual US-Israeli citizens, believed to be in Israel. (AP) GRS GRS

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