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    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
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    Piramal Pharma Limited Announces Results for Q1 FY27
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    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
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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.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    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.
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
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    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.
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
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    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.
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    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.
    The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
    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.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.

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      Protests against alleged illegal falling of Khejri trees for solar power plants in Rajasthan

      August 5, 2025

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      Jodhpur/Jaipur, Aug 5 (PTI) The Khejri tree, a vital part of Rajasthan's desert ecology and cultural heritage, is under threat from the expansion of solar power projects in the Thar desert, warn activists amid protests against the alleged illegal felling of these trees and calls for urgent environmental safeguards.

      As the state pushes to become a leader in renewable energy, large tracts of land in Barmer, Jaisalmer, Jodhpur, Phalodi and nearby areas are being leased out for solar plants.

      In this race to install green energy infrastructure, a large number of Khejri trees, the state tree of Rajasthan and an ecological lifeline of the desert, are being uprooted or buried under the sand, activists and locals allege.

      Rampal Bhawad, President of the Bishnoi Tiger Force, alleged that solar companies are felling Khejri trees indiscriminately.

      "These companies clear the land by uprooting or cutting trees, sometimes burying them underground or setting them on fire. This is happening openly, often with the knowledge and inaction of authorities," he said.

      In Barmer's Sheo subdivision, protests have intensified over the last four months. Villagers have been sitting on a dharna, accusing solar companies of illegal deforestation, destruction of traditional pathways and encroachment of Oran (community forest) and Khadeen lands, which are crucial for rainwater harvesting and desert farming.

      On Sunday, the independent MLA from Sheo, Ravindra Singh Bhati, joined the protestors, spending the night at the dharna site and vowing to take the matter to the highest level.

      On Monday, Bhati unearthed buried Khejri trunks from project sites to expose the damage. "The companies have burned dried Khejri trees with petrol. Wet wood was buried over a stretch of nearly 1.5 km," he claimed.

      Bhati lashed out at local authorities, confronting police officers for allegedly failing to act despite evidence of illegal activities. "Where were your patrols when fires were lit through the night?" he asked the police.

      Social media videos showing trees being uprooted with JCB machines and transported in tractors have added fuel to public anger, as have photos of ash piles near project sites.

      With tensions running high, Sheo Sub-Divisional Officer Yaksh Chaudhary acknowledged the seriousness of the issue. "MLA Bhati and villagers are protesting against illegal tree felling. We have ordered a probe and action will be taken," he said.

      However, villagers remained firm on their demands of protection of Oran land, fair compensation and a halt to illegal tree felling.

      "We are not against development, but it should not come at the cost of our forests, culture and survival," a farmer said.

      The state has set an ambitious target of achieving 90 gigawatts (GW) of renewable energy capacity by 2030, contributing significantly to India's clean energy transition.

      Over the past few years, over 1.50 lakh bighas of land have been allocated to different companies for solar power plants across the state.

      Anil Chhangani, HOD of Environmental Science at Maharaja Ganga Singh University, Bikaner, claimed that an estimated 30 lakh trees, mostly Khejri, have already been lost in recent years due to solar plant construction in the western region.

      "Khejri is not just a tree; it is life in the desert. It enhances soil fertility, supports biodiversity, provides fodder and even food. Losing it at this scale is ecological suicide," he said.

      Chhangani claimed that to meet the production target by 2030, it will require 1.92 lakh acres of land and this will result in sacrificing approximately 38.54 lakh trees in the next five years.

      Activist Vishek Vishnoi said that with the growth, public anger is growing.

      "Lands, which were designated for Oran (a sacred forest) and grazing, are also being allocated to private solar energy companies, resulting in a shortage of fodder for animals and causing numerous difficulties for the local population," Vishnoi said.

      Rajasthan has emerged as a national leader in solar energy, leveraging its vast stretches of flat, arid land and abundant sunlight. With solar radiation levels averaging between 6 and 7 kWh/m ²/day and over 325 clear sunny days annually, the state offers ideal conditions for large-scale solar and wind power projects.

      Rajasthan's solar power potential has been assessed at 142 GW, making it one of the most promising regions in the country for solar development.

      As of now, Rajasthan ranks first in the country in solar energy, with an installed capacity of 22,860.73 MW.

      In overall renewable energy capacity, the state holds the second position nationwide, with a total installed capacity of 28,617 MW.

      Khejri (Prosopis cineraria) covers nearly two-thirds of Rajasthan's area and has deep economic, cultural, and spiritual significance.

      Its pods, called sangri, are one of the ingredients of the famous Rajasthan dish 'Panchkuta', cooked with five vegetables. The dried green beans of the khejri are stored and used for cooking throughout the year.

      Its bark, according to some documents, was once used as flour during the 1869 famine. Its pods feed livestock, its leaves are fodder and its nitrogen-fixing roots enrich the soil.

      The tree holds sacred status, especially among the Bishnoi community, who historically sacrificed their lives to protect it.

      In 1730, 363 villagers led by Amrita Devi Bishnoi laid down their lives in Khejarli village to stop the king's men from felling Khejri trees for palace construction.

      Their sacrifice inspired India's modern environmental consciousness and later movements like the Chipko Movement of the 1970s.

      Green twigs of Khejri are worshipped in homes on Janmashtami (the birth day of Lord Krishna, as per Hindu traditions). It is a symbol of Lord Krishna in some districts of Rajasthan.

      India Post even issued a stamp on the Khejri tree in 1988. PTI SDA APL RT RT

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