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    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
    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
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    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
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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    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.
    August 5, 2026
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    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
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    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
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    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
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    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
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    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.
    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.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.

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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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