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    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
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    Show All SummariesHide All Summaries
    August 10, 2026
    Show AI Summary
    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
    Show AI Summary
    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
    Show AI Summary
    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
    Show AI Summary
    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
    Show AI Summary
    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
    Show AI Summary
    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      HIGHLIGHTS AT 9.20 PM

      July 15, 2025

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      New Delhi, Jul 15 (PTI) Following are the top stories at 9.20 pm: TOP STORIES DEL75 SPACE-LD AXIOM

      Shubhanshu Shukla returns to Earth, sets tone for India's human spaceflight New Delhi: With waves and smiles, Shubhanshu Shukla returned to Earth on Tuesday after an 18-day stay on the International Space Station, a feat that holds the promise to herald India's own human spaceflight ambitions.

      DEL92 YEMEN-INDIAN-2NDLD NURSE

      Nimisha Priya's execution in Yemen postponed New Delhi: The execution of Nimisha Priya, an Indian nurse on death row in Yemen, has been postponed by Yemeni authorities, government sources said on Tuesday.

      FGN54 SCO-JAISHANKAR-LD TERRORISM

      SCO must take 'uncompromising' position on combating terrorism: EAM Jaishankar Tianjin: The Shanghai Cooperation Organisation (SCO) needs to remain true to its founding objective of combating terrorism and extremism and take an "uncompromising" position on combating the challenges, External Affairs Minister S Jaishankar said at a conclave of the grouping on Tuesday while strongly justifying India's response to the Pahalgam terror attack.

      NATION CAL32 OD-LD ALL STUDENT

      Odisha college student who set herself afire over harassment dies, sparks outrage Bhubaneswar/Balasore: The 20-year-old Odisha college student who set herself ablaze over an alleged sexual harassment by a professor died, triggering nationwide outrage.

      DEL100 UGC-LD OD STUDENT-IMMOLATION

      Odisha student's self-immolation on college campus: UGC sets up 4-member panel New Delhi: The University Grants Commission (UGC) has set up a four-member fact-finding panel to look into the incident of self-immolation by a girl student on college campus in Odisha's Balasore, officials said on Tuesday.

      DEL95 CONG-OD-2NDLD STUDENT

      Odisha college student's death: Rahul says country wants answers, not PM's silence New Delhi: The Congress hit out at the BJP on Tuesday after an Odisha college student who set herself ablaze following alleged sexual harassment by a professor died, with former party chief Rahul Gandhi saying the country wants answers and not Prime Minister Narendra Modi's "silence".

      DEL97 JK LD CM-LG

      Don't mistake politeness for weakness: Abdullah on 'manhandling'; says LG should fix responsibility for Pahalgam massacre Srinagar: Jammu and Kashmir Chief Minister Omar Abdullah on Tuesday issued a stern warning against misinterpreting his administration's "politeness as weakness", remarks which came a day after he was allegedly "manhandled" by police while he tried to pay tributes to the 22 people killed by the Dogra army in 1931.

      DEL77 LD FAUJA SINGH

      Hunt on for driver who ran over Fauja Singh; leaders across parties condole death Chandigarh: The hunt was on for the driver who ran over and killed the world’s oldest marathoner Fauja Singh while he was walking down a village road in Punjab's Jalandhar district, police said on Tuesday.

      DEL35 CONG-LD SINOINDIA

      EAM running 'full blown circus' to destroy India's foreign policy: Rahul after Jaishankar-Xi meet New Delhi: The Congress on Tuesday hoped that Prime Minister Narendra Modi will "finally agree" to a discussion on China in the forthcoming Monsoon session of Parliament, and said that when Parliament could debate the border situation during the 1962 Chinese invasion then why not now.

      MDS19 TL-CPI LEADER-3RD LD SHOT DEAD

      CPI leader shot dead by unidentified persons in Hyderabad Hyderabad: A Telangana CPI leader was killed on the spot on Tuesday after unidentified assailants opened fire on him during his morning walk at Malakpet here, police said.

      BUSINESS DEL71 BIZ-2NDLD TESLA

      Tesla drives into India via import route with Model Y price starting at Rs 59.89 lakh Mumbai: Global EV giant Tesla on Tuesday made its much-awaited entry into India, launching its Model Y with price starting at Rs 59.89 lakh while opening its first experience centre here.

      LEGAL BOM29 MH-COURT-PORSCHE-2ND LD JUVENILE

      Porsche case accused to be tried as minor; Juvenile Justice Board rejects police plea Pune: The Juvenile Justice Board on Tuesday rejected the Pune city police’s application seeking that the 17-year-old boy accused in the Porsche car crash be tried as an adult for the trial in the case.

      LGD40 SC-ACQUITTAL-DNA

      SC acquits man on death row, issues nationwide guidelines on DNA evidence handling New Delhi: The Supreme Court on Tuesday acquitted a man on death row in a murder case, outlining the gaps in forensic evidence and issued countrywide directions on handling of DNA samples.

      LGD38 DL-COURT-RANA

      26/11 Mumbai attack: Delhi court grants NIA time to respond to Tahawwur Rana's plea New Delhi: A Delhi court on Tuesday granted time to the National Investigating Agency (NIA) on a plea filed by 26/11 Mumbai terror attack accused Tahawwur Hussain Rana seeking regular telephonic conversations with his family.

      LGD34 SC-FUNDAMENTAL RIGHTS-PRISONERS

      Prisoners not getting costly food doesn't violate fundamental rights: SC New Delhi: The Supreme Court on Tuesday said prisoners, including disabled ones, not being provided "preferred or costly food items" in jails was not a violation of fundamental rights.

      LGD27 SC-LD INFLUENCERS

      Samay Raina, other influencers appear in SC over remarks 'ridiculing' disabled New Delhi: Five social media influencers, including "India's Got Latent" host Samay Raina, on Tuesday appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities.

      LGD22 SC-CARTOONIST-2NDLD BAIL

      'Objectionable' cartoons on PM, RSS: SC grants protection to cartoonist New Delhi: The Supreme Court on Tuesday granted protection from coercive action to a cartoonist accused of sharing online objectionable content on Prime Minister Narendra Modi and RSS workers.

      FOREIGN FGN46 PAK-CHINA-LD DAR

      Pak Foreign Minister Dar meets Chinese President Xi; reaffirms commitment to strengthen bilateral ties Lahore/Beijing: Pakistan's Foreign Minister Ishaq Dar on Tuesday reaffirmed Islamabad's commitment to deepening its "enduring friendship" with China and advancing shared regional goals as he called on Chinese President Xi Jinping along with other Foreign Ministers of the SCO member states in Beijing. By M Zulqernain and K J M Varma

      FGN45 PAK-RAINS

      5 more killed in Pak due to torrential rains, toll reaches 116 Islamabad: Five more people were killed in Pakistan due to torrential rains, with the death toll reaching 116, according to the country’s top disaster-control body on Tuesday. By Sajjad Hussain

      FGN44 UN-INDIA-IMMUNISATION

      India accounts for 6.4% of global zero-dose children in 2024: UN United Nations: India constituted 6.4 per cent of the global population of children who did not receive a single dose of any vaccine in 2024, according to a United Nations report. By Yoshita Singh

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