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    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
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    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.

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      Dreame Technology Expands Offline Presence in India Through Partnership with Croma

      July 15, 2025

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      New Delhi, Delhi, India – Business Wire India Dreame Technology, a global leader in smart home appliances, has officially entered the offline retail space in India, through a partnership with Croma, marking a pivotal step in its growth strategy for the market. Following strong demand and consistent success on Amazon India, the brand is now bringing its intelligent cleaning and grooming innovations directly to physical retail—making its products more accessible, experiential, and tangible for Indian consumers.

      As part of its expansion plan, Dreame’s product range will be available across select Croma stores in over 20+ cities covering metros, tier 1 & tier 2. Starting today, customers can visit the "Dreame Zone" across Croma stores and experience Dreame's advanced and innovative products, such as robotic vacuums, cordless stick vacuums, wet - and - dry vacuums, and grooming products. By providing customers with a hands-on experience of Dreame's innovative product ecosystem, the brand aims to get closer to Indian households. Whether it is testing performance or understanding specifications, customers can now interact with Dreame's intelligent home solutions before making a purchase.

      Manu Sharma, Managing Director, Dreame India, said, "India is one of the most exciting markets for us globally. Our partnership with Croma is a significant milestone in Dreame's journey in India. For the first time, customers can walk into stores and experience our products up close - understanding their features, design, and performance in a real-world setting. This offline presence is not just about increasing awareness - it's about building trust, fostering interaction, and ensuring that Indian consumers have every opportunity to discover how Dreame can enhance their daily lives through intelligent innovation. By entering Croma’s stores, we’re giving consumers the opportunity to truly understand what Dreame stands for—performance, aesthetics, and intelligent design—right at their fingertips." The move reflects a growing shift in Indian consumer preferences toward high-tech, design-led home solutions that deliver real everyday value. By combining online momentum with offline accessibility, Dreame is creating a phygital brand experience that meets India’s diverse shopping behaviors. This development comes on the heels of Dreame onboarding Kriti Sanon as its first Indian brand ambassador, reinforcing the company’s serious, long-term investment in the Indian market.

      As a part of the introductory offer, starting from 15th July - 20th July customers can avail attractive offers on Dreame products across Croma stores and avail upto 10% additional discount on select credit card purchases from IDFC Bank, Amex, HSBC and Bank of Baroda. Additionally, No Cost EMI options are also available on select models. Whether you're upgrading your cleaning routine or investing in smarter home appliances, this is the perfect time to bring home Dreame’s premium innovations at exceptional prices.

      Retail experts have noted that offline availability often plays a pivotal role in building brand loyalty and accelerating adoption—especially in high-involvement categories like smart home appliances. This launch is a strategic effort to complement digital sales with physical touchpoints that build confidence and drive conversion.

      To support this move, Dreame has also rolled out dedicated after-sales infrastructure, including a toll-free customer helpline, pickup & drop support, and on-site installation along with 2-year warranties on grooming products and 1-year coverage on cleaning devices—ensuring that ownership is as seamless as the purchase journey.

      With this offline foray, Dreame is taking a confident step forward in becoming a household name in India, offering smarter, cleaner, and more connected living experiences tailored for modern Indian homes.

      About Dreame India Dreame Technology started operations in India in early 2023. Our roots delve into the heart of tech, aiming to revolutionize daily life for our global consumers. Currently, the company offers products across robotic vacuums, wet and dry vacuums, cordless stick vacuums and grooming. All Dreame products are available on Amazon.

      About Dreame Technology Founded in 2017, Dreame Technology ("Dreame" for short) is an international tech firm constantly seeking innovation and delivering new levels of daily life convenience for its global consumers. Pushing tech boundaries lies at the very heart of Dreame. In 2015, the company's founding team pioneered high-speed digital motors, the building blocks of smart appliances. Subsequently, Dreame continued its journey by developing intelligent algorithms. This combination has granted our products distinctive edges. So far, Dreame has applied for up to 6,004 patents worldwide, 2637 already authorized and 2183 invention patents. Dreame's smart products aim to save individuals' time on household chores so they can focus more on pursuing their dream life through our major product lines: robotic vacuums, cordless stick vacuums, wet and dry vacuums, and high-speed hair dryers. Yet, our ambitions soar even higher. Robotic lawn mowers, cordless robotic pool cleaners, and commercial food delivery robots are under development, with more lineups in the pipeline.

      Locations City Name Address Contact Google Maps Mumbai Powai, Mumbai 1st Flr, Ventura Building, Central Avenue Road, Powai, Opposite Starbucks, Mumbai, Maharashtra, India, 400076 8655643066 https://maps.google.com/maps?cid=5899009931650885892 Mumbai Mumbai-Oberoi Mall Western Express Highway, Goregaon East, Mumbai, Maharashtra, India, 400063 Mumbai Infiniti Mall, Mumbai Unit No Lg 002, Infiniti Mall, New Link Road, Malad West, Mumbai, Maharashtra, India, 400064 8691088260 https://maps.google.com/maps?cid=672771402915312221 Mumbai Borivali, Mumbai Ground & 1st Floor, Natraj CHS, Sodawala Lane, Borivali West, Mumbai, Maharashtra, India, 400091 8291008759 https://maps.google.com/maps?cid=3604539226511423009 Navi Mumbai Seawoods Mall, Navi Mumbai 1st Floor, Nexus Seawoods Mall, Sector 40, Near Seawoods Railway Station, Navi Mumbai, Maharashtra, India, 400706 8976904302 https://maps.google.com/maps?cid=4050086170159580391 Thane Thane-Ghodbunder Road House No 43, No 32/2H, Ground Floor, Kapurbawdi Junction, Kailash Nagar, Next to Bank of Baroda, Thane, Maharashtra, India, 400607 089769 04303 https://maps.google.com/maps?cid=9487130475166437347 Pune Baner, Pune Ground Floor, Pride Gateway, Veerbhadra Nagar, Baner, Pune, Maharashtra, India, 411045 7208981679 https://maps.google.com/maps?cid=16159559282408495296 Pune Pune-Seasons Mall Ground Floor, Seasons Mall, Magarpatta, Hadapsar, Pune, Maharashtra, India, 411028 089769 11833 https://maps.google.com/maps?cid=4734675818195905131 Delhi NCR Worldmark 2, Gurugram No 2/A212, Gr & 1st Flr, Wolrdmark, Medawas, Sector 65, Gurugram, Haryana, India, 122018 8929564799 https://maps.google.com/maps?cid=9667526580025182183 Vadodara Centre Square Mall, Vadodara, Gujarat Centre Square Mall, Sarabhai Road, Opp Vadodara Central, Vadodara, Gujarat, India, 390007 9574662338 https://maps.google.com/maps?cid=120070217873862556 Hyderabad Hyderabad-AS RaoNagar Plot No 2, Tirupathi Reddy Plaza, As Rao Nagar, G Block Colony, Kapra, Hyderabad, Telangana, India, 500062 092468 38476 https://maps.google.com/maps?cid=5152213742268242481 Hyderabad Hyderabad-Panjagutta No 6/3/664, GF, Prestige Towers, NH 65, Punjagutta Rd, Somajiguda, Punjagutta, Hyderabad, Telangana, India, 500082 9160850202 https://maps.google.com/maps?cid=3349102794913117667 Hyderabad Hyderabad-Khajaguda S No 163, Nanakramguda Road, Khajaguda, Hyderabad, Telangana, India, 500008 091543 85498 https://maps.google.com/maps?cid=13096793622726414333 Hyderabad Hyderabad-Kompally Survey No 128, Gr Flr, Ratna Arcade, NH 44, Kompally, Near Sree Vensai Towers, Rangareddy, Telangana, India, 500014 091601 80011 https://maps.google.com/maps?cid=7575438523676816594 Hyderabad Hyderabad-L B Nagar Survey No 9/9 Lb, Gr Flr, DV Cascade, Nagar Service Road, Saroornagar, LB Nagar, Hyderabad, Telangana, India, 500074 092468 10230 https://maps.google.com/maps?cid=2826032808360529530 Hyderabad Hyderabad-Jubilee No 755, Ground & 1st Flr, Phase 1, No 36, Kavuri & Jubilee Hills, CBI Col, Hyderabad, Telangana, India, 500033 9246810231 https://maps.google.com/maps?cid=1244148365989599642 Hyderabad Hyderabad-Kokapet The Classe By DSR, Gandipet Main Rd, opposite Rockwell International School, Kokapet, Hyderabad, Narsingi, Telangana 5000750 9035172394 Bangalore Bangalore-Koramangala No 23, Gr Flr, Indraprastha Equinox, 100 Feet Inner Ring Road, Koramangala, Bengaluru, Karnataka, India, 560095 077958 38018 https://maps.google.com/maps?cid=5923425845857285176 Bangalore Bangalore-Whitefield Survey No 66/1, Old No 66, Miraya Rose, Varthur Hobli Road, Siddapura, Bengaluru, Karnataka, India, 560066 077958 38013 https://maps.google.com/maps?cid=13950138781581852002 Bangalore Bangalore-Nagarbhavi 58, Udayagiri Elegance, Apoorva Layout, 2nd Stage, Yeshwantpur, Hobli, Nagarabhavi, Near 80 Ft Main Road, Bengaluru, Karnataka, India, 560072 Bangalore Bangalore-J P Nagar No 45/1/1, Gr & 1st Flr, Woodys, 17th & 5th Cross, Marenahalli Rd, JP Ngr, Bengaluru, Karnataka, India, 560078 091549 91503 https://maps.google.com/maps?cid=8716631522847833260 Hassan Hassan-BM Road SAS No 104, WN 01, C Karigowda School Rd, PID N0 1/4/544/16A, Bangalore Mangalore Rd, Opposite Hassan Club, Hassan, Karnataka, India, 573201 063667 69809 https://maps.google.com/maps?cid=16897648653033663535 To View the Image, Click on the Link Below: Now closer to you — Dreame’s smart home range is available at Croma stores in 20+ Indian cities (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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