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    Rupee rises 6 paise to settle at 95.39 against US dollar
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August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
Show AI Summary
Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
Show AI Summary
Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.

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July 31, 2025

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New Delhi, Jul 31 (PTI) Following are the top stories at 5.35 PM : NATION PAR20 LS-GOYAL-LD TARIFF

India to take all steps to protect national interest: Goyal on US tariff New Delhi: India will take all necessary steps to safeguard and promote national interest, Commerce and Industry Minister Piyush Goyal said on Thursday, a day after US President Donald Trump announced 25 per cent tariffs plus penalty on domestic exports to America from August 1.

PAR17 LS-2NDLD ADJOURN

Lok Sabha adjourned for the day amid opposition protests on SIR New Delhi: Lok Sabha proceedings were adjourned for the day on Thursday soon after Commerce Minister Piyush Goyal made a statement on the imposition of 25 per cent tariff by the US on India as Opposition members continued their protest over voter list revision exercise in Bihar.

PAR19 RS-4THLD ADJOURN

Rajya Sabha adjourned for the day amid Opposition uproar over SIR issue New Delhi: The Rajya Sabha was adjourned for the day on Thursday after repeated disruptions by Opposition members over the issue of revision of electoral rolls in Bihar and the demand that it should be withdrawn.

BOM23 MH-COURT-LDALL MALEGAON BLAST

Court acquits all 7 accused in Malegaon blast case; Saffron victory, says Pragya Thakur Mumbai: Nearly 17 years after a blast in Malegaon town of north Maharashtra claimed six lives, a special court in Mumbai on Thursday acquitted all the seven accused, including former BJP MP Pragya Singh Thakur and Lt Col Prasad Purohit, noting there was "no reliable and cogent evidence" against them.

DEL32 MALEGAON-BJP

'Hindu terror' Congress conspiracy; Sonia Gandhi, Rahul should apologise: BJP New Delhi, Jul 31 (PTI) The BJP said on Thursday that the Congress manufactured the theory of "Hindu terror" when in power to stop the rise of Narendra Modi, the then Gujarat chief minister, and to appease its Muslim voters, as it welcome the acquittal of seven accused in the Malegaon blast case.

DEL28 RAHUL-TRUMP-LD ECONOMY

Everybody, except PM, FM, know Indian economy is 'dead': Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Thursday said everybody except Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman know that the Indian economy is "dead", as he alleged that the BJP-led government has destroyed the country's economic, defence and foreign policies.

DEL55 THAROOR-US-TARIFFS

'Bargaining tactic': Tharoor slams US' 'unreasonable' demands after 25 pc tariff announcement New Delhi: With the US announcing the imposition of 25 per cent tariff and penalties on India, Congress MP Shashi Tharoor on Thursday said it may be just a "bargaining tactic" as trade negotiations are on, and asserted that "we must give strong support to our negotiators" to find the best possible deal.

DEL51 RSQ-INDIA-PALESTINE

India always supported negotiated two-state solution: Govt on Israel-Palestine conflict New Delhi: India has always supported "a negotiated two-state solution" that would see the establishment of a sovereign, independent and viable State of Palestine within secure and recognised borders, living side by side in peace with Israel, the government told the Rajya Sabha on Thursday.

DEL43 RSQ-OPERATION SINDOOR

Pak DGMO approached Indian counterpart for cessation of military activities: Govt tells RS New Delhi: India on Thursday reasserted that the Director General of Military Operations of Pakistan approached his Indian counterpart on May 10 to request for cessation of firing and military activities, which was agreed to later that day, and said this understanding was arrived at "directly" between the two DGMOs.

DEL40 BIZ-SCINDIA-STARLINK

Starlink granted satellite internet permit; spectrum allocation norms ready: Scindia New Delhi: Elon Musk-led Starlink has received a licence to launch satellite service in India, and a framework for spectrum allocation is also in place for a smooth rollout, Union Telecom Minister Jyotiraditya Scindia said on Thursday.

DEL25 POL-MALEGAON-DIGVIJAY SINGH

Terrorism should not be associated with any religion: Digvijay Singh on Malegaon blast acquittals New Delhi: Terrorism should not be associated with any religion and no faith advocates violence, senior Congress leader Digvijay Singh said on Thursday after a special NIA court acquitted all seven accused in the 2008 Malegaon blast case.

BOM25 CG-NUNS-CASE-VICTIM

'Human trafficking' case: Victim alleges coercion by Bajrang Dal, claims arrested nuns innocent Narayanpur: A victim of an alleged human trafficking and forceful conversion, in which two nuns have been arrested in Chhattisgarh, has alleged she was coerced and assaulted by Bajrang Dal activists to give a false statement, a charge denied by the right wing outfit.

MDS17 KL-CONVERSIONS-MINISTER

Not mainstream, but new generation churches carrying out conversions: Union Minister Kurian Thiruvananthapuram: Union Minister of State George Kurian on Thursday said that the mainstream churches in the country were not carrying out any conversions and it was the "new generation churches" which were doing it.

MDS13 KA-RAHUL-LD SIDDARAMAIAH

Rahul Gandhi has evidence for his 'votes theft' allegations: Siddaramaiah Bengaluru: Karnataka Chief Minister Siddaramaiah on Thursday said that Congress leader Rahul Gandhi has got evidence for his allegation regarding the modus operandi for "votes theft" during Lok Sabha polls in the state last year.

BUSINESS DEL26 BIZ-US TARIFF-COPPER

US announces 50 pc tariff on copper; to have limited impact on India New Delhi: The US has announced a steep 50 per cent tariff on imports of semi-finished copper and copper-based products from August 1, a move which will have a limited impact on India's exports from this sector to America.

LEGAL LGD25 SC-JSW-LD BHUSHAN STEEL

SC recalls verdict ordering liquidation of Bhushan Power and Steel New Delhi: In a significant development, the Supreme Court on Thursday recalled its controversial May 2 verdict that had ordered liquidation of Bhushan Power & Steel Limited (BPSL) while setting aside a resolution plan of JSW Steel Limited for the ailing firm.

LGD24 SC-PMLA

PMLA case: Will first hear issue of maintainability of pleas seeking review of verdict, says SC New Delhi: The Supreme Court on Thursday said it would first hear arguments on the issue of maintainability of petitions seeking a review of its 2022 verdict that upheld the Enforcement Directorate's (ED) powers to arrest, attach properties involved in money laundering and carry out search and seizure under the PMLA.

LGD21 SC-ROHINGYA

First major issue whether Rohingyas refugees or illegal entrants: SC New Delhi: The Supreme Court on Thursday said the first major issue to be dealt with in cases concerning Rohingyas is whether they are refugees or illegal entrants.

LGB2 MH-HC-ADITYANATH-FILM

CBFC denies certification to film based on' Yogi Adityanath's life; producers move HC Mumbai: The makers of a film, purportedly based on the life of Uttar Pradesh Chief Minister Yogi Adityanath, have approached the Bombay High Court challenging the Central Board of Film Certification's (CBFC) decision to deny it certification.

LGD26 DL-HC-BHANDARI

Delhi HC judge recuses from hearing Sanjay Bhandari's plea challenging 'fugitive offender' tag New Delhi: A judge of the Delhi High Court on Thursday recused himself from hearing a plea by UK-based arms consultant Sanjay Bhandari challenging a trial court's order declaring him a "fugitive economic offender".

FOREIGN FGN14 US-TRUMP-LD INDIA

Trump: India, Russia can take their dead economies down together Washington: US President Donald Trump once again mounted a sharp attack on India and Russia for their close ties and said that the two countries can take their "dead economies down together".

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