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    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
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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.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    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
    Show AI Summary
    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
    Show AI Summary
    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
    Show AI Summary
    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
    Show AI Summary
    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
    Show AI Summary
    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
    July 30, 2026
    Show AI Summary
    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
    Show AI Summary
    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
    July 30, 2026
    Show AI Summary
    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
    Show AI Summary
    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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      Israel's plan to take over Gaza City stirs fears for civilians and hostages

      August 9, 2025

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      Jerusalem, Aug 9 (AP) Israel's decision to intensify its 22-month war with Hamas by taking over Gaza City has stirred fears for Palestinian civilians and Israeli hostages still held in Gaza, and renewed international pressure for an end to the conflict.

      Israel's air and ground war has killed tens of thousands of people in Gaza, displaced most of the population, destroyed vast areas and pushed the territory toward famine. The timing of another major ground operation is unclear. It will likely require mobilising thousands of troops and forcibly evacuating civilians, almost certainly worsening Gaza's humanitarian crisis.

      An official familiar with the plans to take over Gaza City said the operation would be “gradual” and that there is no start date. The official spoke on condition of anonymity to discuss sensitive matters.

      The UN Security Council announced an emergency meeting on Israel's plans was rescheduled to 10 am EDT on Sunday after originally being scheduled to take place at 3 pm EDT on Saturday.

      The UN Mission of Panama, which holds the council presidency this month, provided no details, but Saturday is the Jewish Sabbath and Israel is certain to want to speak at the meeting.

      Mediators from Egypt and Qatar are preparing a new framework that will include the release of all hostages — dead and alive — in one go, in return for an end of the war in Gaza and the withdrawal of Israeli forces from the strip, two Arab officials told The Associated Press.

      Before Israel's Security Cabinet approved the plan to take over Gaza City, Prime Minister Benjamin Netanyahu had outlined more sweeping plans on Thursday in an interview with Fox News, saying Israel planned to take control of all of Gaza. Israel already controls around three-quarters of the territory.

      Hamas rejected Israel's plans. “Expanding of aggression against our Palestinian people will not be a walk in the park,” the group said in a statement.

      Netanyahu had signalled plans for even broader war International powers, including Israeli allies France, Britain and Canada, have stepped up criticism of the war amid mounting shock over media reports showing starvation.

      Germany said on Friday it would not authorise the export of military equipment that could be used in Gaza until further notice.

      Tensions could rise further if Netanyahu follows through on the more sweeping plans to take control of the entire territory, two decades after Israel's unilateral withdrawal.

      Israel's new plan may be aimed in part at pressuring Hamas to accept a ceasefire on Israel's terms.

      It may also reflect the reservations of Israel's military chief of staff, Lt Gen Eyal Zamir, who reportedly warned that expanding operations would endanger the remaining 20 or so living hostages held by Hamas and further strain Israel's army after nearly two years of regional wars.

      The military “will prepare to take control of Gaza City while providing humanitarian aid to the civilian population outside the combat zones,” Netanyahu's office said in a statement after the Security Cabinet meeting.

      Amir Avivi, a retired brigadier general and chairman of Israel's Defense and Security Forum, estimated it would take less than three months to mobilise some 30,000 troops, evacuate Palestinian civilians and take over Gaza City.

      Hamas-led militants triggered the war when they stormed into Israel on October 7, 2023, killing around 1,200 people and abducting 251 people. Most of the hostages have been released in ceasefires or other deals but 50 remain inside Gaza. Israel believes around 20 of them to be alive.

      Israel's retaliatory campaign has killed over 61,000 Palestinians, according to Gaza's Health Ministry, which does not say how many were fighters or civilians. The ministry is part of the Hamas-run government and staffed by medical professionals.

      The United Nations and independent experts view the ministry's figures as the most reliable estimate of casualties. Israel has disputed them without offering a toll of its own.

      Mediators try again to end the war The efforts for a new ceasefire have the backing of major Arab Gulf monarchies, according to two officials who spoke anonymously due to the sensitivity of the discussions. One is involved directly in the deliberations and the second was briefed on the efforts. The monarchies are concerned about further regional destabilisation if Israel fully reoccupies Gaza, the officials said.

      The yet-to-be finalised framework aims to address the contentious issue of what to do with Hamas' weapons, with Israel seeking full disarmament and Hamas refusing. The official directly involved in the efforts said discussions are underway about “freezing arms,” which may involve Hamas retaining but not using its weapons. It also calls for the group to relinquish power in the strip.

      A Palestinian-Arab committee would run Gaza and oversee the reconstruction efforts until the establishment of a Palestinian administration with a new police force, trained by two US allies in the Middle East, to take over the strip, the official said. It is unclear what role the Western-backed Palestinian Authority would play.

      The second official said the US administration has been briefed on the broad lines of the framework.

      A senior Hamas official, speaking on condition of anonymity because he was not authorised to brief the media, said the group has yet to receive details on the latest efforts to revive ceasefire talks.

      AP reached out to the governments in Qatar, Egypt and Israel as well as the White House for comment.

      Wishes for an end to the war US envoy Steve Witkoff told hostage families during his recent visit that Israel was shifting its approach to pursue a comprehensive “all-or-nothing” deal aimed at ending the war and securing the release of hostages, a person who attended the meeting told the AP, speaking on the condition of anonymity as they were not authorized to speak about the private meeting.

      Israelis united behind the war in the aftermath of the October 7 attack, but dissent has steadily grown as hostages have languished in captivity. Some families of the hostages and their supporters have staged large protests calling for a ceasefire with Hamas that would bring their loved ones home.

      “All of Israel wants a comprehensive deal and an end to the war,” Einav Zangauker, mother of hostage Matan Zangauker, said in a statement on Friday. “For the State of Israel to guarantee the security of its citizens, we must end this injustice that has been done to our loved ones for 22 months.” There is nothing here to occupy Israel has repeatedly bombarded Gaza City and carried out numerous raids there, only to return to neighborhoods again and again as militants regrouped. Today, it is one of the few areas in Gaza that has not been turned into an Israeli buffer zone or placed under evacuation orders.

      Umm Youssef from Gaza City said she had left the city for over 16 months before returning to her home.

      "The area is all rubble. Rubble is an overstatement, it is a sandpile. There is nothing here to occupy. There is no life here," she said.

      A major ground operation there could displace tens of thousands of people and further disrupt efforts to deliver food to the hunger-stricken territory.

      At least six Palestinians were shot dead and more than 140 were wounded on Friday at the Israeli-run Zikim Crossing in northern Gaza, where UN aid convoys enter, according to Dr Mohamed Abu Selmiya, the director of Shifa Hospital, which received the dead and wounded. He said all six were killed by Israeli gunfire. There was no immediate comment from the Israeli military.

      It is unclear how many people are still in Gaza City. Hundreds of thousands fled under evacuation orders in the opening weeks of the conflict, but many returned during a ceasefire earlier this year. (AP) RUK RUK

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