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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.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    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.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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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.
    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.
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    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
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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.
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    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
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    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.

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      Russian transport minister's death fuels speculation about harsher environment for Kremlin elites

      July 11, 2025

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      Moscow, Jul 10 (AP) The death of a Russian Cabinet minister in a field near his posh home in a Moscow suburb has fuelled wild speculation about how he died and what it means.

      Among the unanswered questions: Did Roman Starovoit really kill himself in his car, as authorities said, or did he take his life in a nearby park? Was he facing a criminal investigation into large-scale corruption? And does his death signal a new, harsher environment for Kremlin elites related to the war in Ukraine? Russian media was abuzz with claims that Starovoit, who was found dead hours after being fired Monday by President Vladimir Putin, had faced potential corruption charges linked to his previous job as governor of the Kursk region, where Ukrainian forces staged a surprise incursion last year.

      His death drew quick comparisons to Soviet dictator Josef Stalin's purges in which some top Kremlin officials killed themselves rather than risk arrest.

      Starovoit's former deputy, who succeeded him as Kursk governor, was arrested in April on charges of embezzling state money allocated for building fortifications on the border with Ukraine, and Russian media reports claimed that he testified against his former boss. Russian authorities have not announced any criminal case against Starovoit.

      Observers say Starovoit's death highlighted the deepening rifts and tensions within the government as the full-scale war in Ukraine approaches its 3½-year mark.

      Tatiana Stanovaya of the Carnegie Russia Eurasia Center said members of Russian officialdom have found themselves increasingly trapped by the war environment, which “has made the interests of once-influential figures look small" and made "everything subordinate to the harsh logic of the system's survival.” Suspicion arises over minister's death Starovoit, who served as transport minister for just over a year, was found dead from a gunshot wound. He was 53.

      Controversy immediately surrounded the death. The Investigative Committee, the country's top criminal investigation agency, said Starovoit's body was found in his car in the Odintsovo district just west of the capital that is home to many members of the Russian elite. The committee said a criminal probe was launched and that investigators saw suicide as the most likely cause.

      But Russian media reported that his body was actually found in the bushes near a parking lot where he left his Tesla, and authorities allowed reporters to record morgue workers carrying it from the site. A pistol presented to him as an official gift was at his side.

      It was unclear when he died. The Investigative Committee did not offer a time of death, and some media outlets claimed that he killed himself over the weekend.

      When the first unconfirmed reports about Starovoit's death emerged Monday afternoon, lawmaker Andrei Kartapolov told news outlet RTVI that Starovoit killed himself “quite a while ago”.

      The business daily Kommersant quoted some of the minister's associates as saying that he showed up in his office Monday, just before Putin's decree dismissing him was published, and he later posted a farewell message on the ministry's group chat.

      Some observers noted that it marked the first suicide by a Cabinet member since Soviet Interior Minister Boris Pugo killed himself after a botched hard-line coup in August 1991.

      Many also pointed out a string of recent mysterious suicides involving senior executives at Russian state oil and gas companies, including Andrei Badalov, vice president of the state-controlled Transneft oil pipeline operator, who reportedly fell from the window of his Moscow apartment last week.

      A cloud of doubt always hung over the official declarations that those deaths were suicides. Some commentators alleged that Starovoit's high-level connections might have feared that he would point the finger at them if arrested.

      The Kremlin called Starovoit's death “tragic” but refrained from commenting on the circumstances.

      Corruption seen as key factor behind Russian military setbacks The alleged embezzlement scheme involving Kursk officials has been named as a key reason behind the Russian military's failure to stem the surprise August 2024 incursion into the region by Ukrainian troops. The attack dealt a humiliating blow to the Kremlin, and it took nearly nine months for the Russian military to reclaim the border territory.

      Starovoit's death and the corruption allegations in Kursk follow a string of corruption cases that have been widely blamed for Russian military setbacks in Ukraine.

      On July 1, former Deputy Defence Minister Timur Ivanov was convicted on charges of embezzlement and money laundering and sentenced to 13 years in prison. On Monday, Khalil Arslanov, a former deputy chief of the military's General Staff, was handed a 17-year sentence on corruption charges.

      They were among a dozen top military officials close to former Defence Minister Sergei Shoigu who were targeted in a wide-ranging probe into alleged military graft. Shoigu, a veteran official who had personal ties to Putin, survived the purge of his inner circle and was given a high-profile post as secretary of Russia's Security Council.

      Mark Galeotti, an expert in Russian politics who heads the Mayak Intelligence consultancy, observed in a recent podcast that high-level corruption in Russia was getting worse because of the war.

      He warned that at some point in the future an “angry patriot” could try to tell the public that the nation has “been let down by this bunch of self-indulgent, self-interested, embezzling old men, and as a result, our boys died.” Starovoit was reportedly linked to the Rotenberg brothers, Putin's longtime personal friends who have extensive business interests in the transportation sphere. Many observers saw their failure to protect their protégé as a powerful new sign that old connections no longer work.

      “The prospect of arrest is literally beginning to kill its representatives as the war is pushing the old criteria of the unforgivable wider,” said Stanovaya, of the Carnegie Russia Eurasia Centre. Now anything that “increases the vulnerability of the state to the enemy's hostile action must be punished without mercy or compromise.” (AP) SCY SCY

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