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    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    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
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    August 6, 2026
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
    Show AI Summary
    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    Show AI Summary
    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
    Show AI Summary
    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
    Show AI Summary
    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      From Startup Struggles to Global Success: How Webomindapps Became the Top Web Development Company in Bangalore

      July 10, 2025

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      12+ Years of Driving Innovation, Building Strong Partnerships, and Inspiring Client Growth Bangalore, Karnataka, India - Business Wire India In just over a decade, Webomindapps has grown from a small startup into one of Bangalore’s most trusted web development companies, serving a global network of clients. With a portfolio of over 2,000 successful projects delivered across 25+ countries, the organization continues to help businesses of all sizes achieve their digital transformation goals. Throughout its journey, the company has enabled businesses to grow with custom web development services in Bangalore, designed for both local and international organizations.

      Webomindapps was founded with a simple mission: to bridge the gap between businesses and their potential digital success. Today, as a top web development company in Bangalore, it is known for providing quality services, transparent communication, and innovative ideas.

      “Every milestone we have reached reflects our team’s relentless dedication and our clients’ trust in our expertise,” said Ramya Krishnappa, Co-Founder & Managing Director of Webomindapps. “We have grown not just in size, but in the value we deliver.” From Humble Beginnings to Global Impact Webomindapps started its journey in Bangalore with a small team, limited resources, and the vision of building a brand from scratch. As a bootstrapped startup, it pushed through with determination and a clear goal for the future while staying focused on finding and building meaningful partnerships.

      Initially formed as a web development company for startups, Webomindapps focused on building functional and user-friendly websites for early stage businesses. This approach soon led to strong partnerships and repeat clients. The brand reputation quickly grew, and the company expanded its offerings to support large businesses and enterprises, establishing itself as a go-to partner for businesses that needed scalable web design, web development, and digital marketing solutions.

      Webomindapps stayed resilient during the pandemic, a time when many competitors struggled. Instead of slow growth, Webomindapps doubled its size, secured larger projects, and invested in smart talent, processes, and new technologies. The team expanded its portfolio to include digital marketing, SEO, UI/UX design, software development, and branding solutions.

      Having earned years of experience with hard work, Webomindapps took its vision global by establishing a presence in Dubai.

      Today, the brand is recognized as a trusted provider of custom web development and digital marketing strategies to small, medium, and large enterprises across the globe.

      What Drives Webomindapps' Success • Collaborative Culture: A collaborative team that values creativity, clear communication, and consistently delivers high quality projects.

      • Client-First Approach: With custom development, timely updates, and dedicated support, every project is shaped by the client’s vision and goals.

      • Cutting Edge Technology: Webomindapps stays ahead of its competitors by using modern frameworks, AI tools, and scalable technologies to create advanced websites.

      • Complete Services: As a full service web design company in Bangalore, they handle everything from web design and development to digital marketing, providing a one stop solution for a brand’s online presence.

      • Industry Experience: With a proven track record in sectors like eCommerce, real estate, healthcare, education, and fintech, the team brings valuable industry knowledge to every project.

      End to End Web Development and Marketing Strategies Under One Roof Webomindapps is a full service digital agency that offers a wide range of services by implementing our innovative strategies to create impactful digital experiences. Whether you’re a startup, medium or large enterprise, Webomindapps brings innovation, performance, and vast experience to every project.

      Web & App Development Webomindapps develops custom websites, mobile apps, and web applications aligned with each client’s unique business goals. As a dedicated e-commerce development company, it also delivers e-commerce platforms that have unique features and are optimized for growth. All solutions are built to be fast, secure, and scalable, using the latest technologies for smooth performance across all platforms.

      • Web Designing Services • Web Development Solutions • Ecommerce Website Development • WordPress Website Development • Web Application Development • Mobile Application Development • Software Development Design & Branding Webomindapps blends creative designs with a user focused method to build visually catchy UI/UX and strong brand identities. Each design is carefully created to reflect a company’s brand and increase user engagement and experience.

      • UI/UX Design • Graphic Design • Brand Strategy • Motion Design & Animation • Creative Strategies Digital Marketing Webomindapps implements digital marketing strategies that focus on real and measurable results. By combining SEO, paid ads, and social media, the team helps brands attract the right audience, keep them engaged, and increase conversions.

      • SEO Services • Social Media Marketing • Pay Per Click (PPC) Advertising • Content Marketing • Email Marketing Transforming Business Operations with AI Enhanced Web Development and Intelligent Agents As a part of its innovative approaches, Webomindapps is now using advanced AI tools and building intelligent agents. These technologies help businesses automate their operations, offer personalized user experience, and grow faster.

      “Our goal is to help businesses not just build websites, but create smart digital ecosystems,” said Manikanda Pandian, Founder & CEO of Webomindapps. “From user experience to customer support, we are using AI to solve real business challenges.” Webomindapps’ AI innovation is now led by Witzo, a dedicated division focused on developing intelligent automation tools for specific industry needs. Witzo is built to design and deploy custom AI agents using powerful Large Language Models (LLMs) that address challenges in various sectors like healthcare, eCommerce, education, real estate, HR, finance, and hospitality.

      By combining conversational AI with each industry’s knowledge and modern frameworks, Witzo provides secure and scalable agents that can automate tasks like customer support, appointment booking, product recommendations, and lead follow ups. This helps businesses reduce manual work, respond fast, and scale operations efficiently.

      Client Success & Global Footprint Over the years, Webomindapps has had the opportunity to work with organizations across the US, Europe, the Middle East, Australia, and Southeast Asia. With more than 2,000 projects successfully delivered, it has a strong global presence and a trusted brand name. A customer retention rate of over 90% reflects the value they provide. Many businesses continue to return for new features, redesigns, and continued digital growth. From reducing development time to improving customer engagement and brand visibility, Webomindapps provides valuable solutions that enable partners to grow efficiently and scale faster. Whether to assist a startup with it’s first product launch or guiding an enterprise through digital change, they bring the same level of dedication, expertise, and care to every project.

      Vision for the Future Webomindapps aims to expand its global presence and continue to innovate with design, technology, and AI. While already recognized for its web development services in Bangalore, the organization is now focused on building smart AI agents and scalable digital platforms to help businesses across industries.

      Along with its expansion across India and the Middle East, Webomindapps is committed to building lasting relationships, maintaining quality standards, and shaping the next generation of digital experiences.

      About Webomindapps Established in 2013, Webomindapps is a Bangalore-based web design and development company known for creating scalable and high-performance digital solutions. Over the past 12+ years, the company has matured to become a top web development company in Bangalore. With a strong focus on innovation and user-friendly design, Webomindapps delivers a wide range of digital services from custom website development and eCommerce platforms to UI/UX design, AI-powered web solutions, and end-to-end digital marketing. Supported by a skilled in-house team and a proven track record of delivering over 2,000+ successful projects for startups, SMEs, and enterprises across 25+ countries. Webomindapps has earned a reputation for its technical excellence, integrity, and long-term client relationships.

      • Website: https://www.webomindapps.com/ • Office locations: 24, 2nd floor, 5th Cross Rd, KHB Colony, 5th Block, Koramangala, Bengaluru, Karnataka, India, 560095 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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