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    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
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    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
    Show AI Summary
    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
    Show AI Summary
    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.

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      From Grit to Glory: OMG Face of the Year 2025 Crowns India’s Next-Gen Icons

      August 12, 2025

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      L-R: Akash Manwani – Vice President D’cot Fashion, Abhijeet Adurkar - General Manager The Resort, Mumbai; Celebrity Shivam Khajuria, Rohit Khandelwal (Mr. World 2016), with Blanckanvas Media Founder Parimal Mehhta, Sini Shetty Miss (India World 2022); Kannagi Desai - Beauty Editor Elle India, Rochelle Chabra - Director Streax Professional, Shirin Merchant - Technical Ambassador, Streax Professional Mumbai (Maharashtra) [India], August 12: After weeks of tasks, transformations, and turning points, the curtains closed on a spectacular Season 3 of OMG Face of the Year with a resounding message: true talent goes far beyond the surface. Held in Mumbai, the grand finale of India’s biggest digital talent hunt turned the spotlight on individuality, self-expression, and breakthrough stories that inspired.

      The evening crowned three exceptional winners: • Miss OMG 2025 – Rashmita Shettigar (Karnataka) • Mr. OMG 2025 – Piyush Lalwani (Maharashtra) • Streax Professional Hairstyle Icon of the Year – Priyanka Sinha (West Bengal) For Miss OMG Rashmita Shettigar, the journey was one of self-discovery. "When I arrived, I didn’t know where I belonged. But this experience showed me that being different is my strength. This win represents every young woman who’s been told she’s either too much or not enough," she said.

      Mr. OMG Piyush Lalwani shared how the competition helped him grow beyond expectations. "OMG challenged me physically, mentally, and emotionally. The person I’ve become is stronger and more self-assured—and that means more to me than any title.

      Streax Professional Hairstyle Icon of the Year winner Priyanka Sinha reflected on her artistry through hairstyling: "Hair is an extension of who we are. Each challenge allowed me to explore and present my creativity. This title is recognition of that expression and vision." Runners-up who impressed with their grit and individuality: • 1st Runners-up – Mr. OMG: Faizan Khan from Uttarakhand, Miss OMG: Prisha Bakshi from Maharashtra ·2nd Runners-up – Mr. OMG: Rajeev Pawar from Karnataka, Miss OMG: Ahana Chauhan from Maharashtra • Streax Professional Hairstyle Icon of the Year 1st Runner-up – Bhaskar Jyoti from Assam ·Streax Professional Hairstyle Icon of the Year 2nd Runner-up – Durmit Garge from Gujarat The finale was elevated by the presence of beauty icons like Sini Shetty (Femina Miss India 2022), Rohit Khandelwal (Mr. World 2016), and television personality Shivam Khajuria, who cheered on the finalists with their encouragement and charisma.

      The event was judged by an accomplished panel from the fashion, beauty, and lifestyle industries: • Rochelle Chabra – Head, Streax Professional • Abhijeet Adurkar – General Manager, The Resort, Mumbai • Akash Manwani – Vice President, D’Cot Fashion • Kannagi Desai – Beauty Editor, Elle India • Shirin Merchant – Technical Ambassador, Streax Professional The journey doesn’t end here — audiences will soon witness every raw moment, every challenge, and every breakthrough in the OMG Face of the Year Season 3 reality series, streaming soon on Hungama OTT.

      Powered by Passion, Backed by Vision: This edition was brought to life by the generous support of Title Sponsor Streax Professional, Powered by The Resort, and Co-powered by D’Cot Fashion. The night was made even more dazzling as contestants were styled by the talented duo Kavita Kharayat and Sunny Kamble, who brought each look to life with finesse and flair. Adding depth to the runway were standout designer labels, including Gaddani by Abdul Hadi Niyas, Label Pramila by Pooja Singh, House of NM by Nidhi Munim, Modo Caldo by Jigyasa Jolly, and Felix Bendish — each contributing their unique aesthetic to the showcase. Enhancing the glamour were Anusaya Beauty and Riana, who joined as Jewellery Partners, completing every look with elegance and sparkle.

      Speaking about the partnership, Rochelle Chabra shared: This was our first collaboration with OMG Face of the Year, and it couldn’t have been more aligned with our vision. By merging it with the Streax Professional Hairstyle Icon of the Year, we were able to spotlight not just exceptional styling skills, but the power of individuality and creative expression. At Streax Professional, championing hairstylists isn’t just something we do — it’s deeply embedded in our brand’s DNA. For years, we’ve consistently empowered, educated, and elevated them to the forefront, and this platform further strengthens that commitment.

      Parimal Mehhta, the show’s founder and curator, emphasised the platform’s evolution and cultural relevance. "Season 3 affirmed something truly significant — that today’s generation values authenticity just as much as visibility. It’s no longer just about looks or performance; it’s about meaning, intention, and personal voice. OMG Face of the Year has transformed into a powerful platform where emerging talent can share their real stories, challenge norms, and be unapologetically themselves. We’re not just discovering stars — we’re nurturing changemakers. The anticipation for Season 4 is already building, and it promises to be even more inclusive, expressive, and bold." Abhijeet Adurkar, General Manager, The Resort, Mumbai, added: “The Resort has always been known to host meaningful events. Supporting a platform like OMG, which empowers young talent, aligns perfectly with our spirit of celebration.” Akash Manwani, Vice President, D’Cot Fashion, said: “Platforms like OMG bring that philosophy to life by putting the spotlight on confidence, voice, and personal style. We’re proud to be a part of that story.” A Celebration Powered by Meaningful Collaborations OMG Face of the Year 2025 was elevated by a league of partners who added finesse, flair, and flavor to every moment: Eva Flotter by Action Plus kept the finalists stylish as Footwear Partner, while The Tea Culture of the World served artisanal blends as Refreshment Partner. Radio City built buzz as Radio Partner, Svar Gems added sparkle as Crown & Trophy Partner, and Media World brought the entire event to life as the Event Partner, taking charge of the full setup and on-ground experience.

      Mid-Day amplified reach as Print Partner and Bright Outdoor as Outdoor Media Partner, with 1664 Blanc as Happiness Partner and Frizzano Sparkling Wine as Celebration Partner, setting the celebratory mood.

      Adding layers of indulgence and elegance were PADM by Roopa (Fragrance Partner), Occasions Dry Fruits (Premium Nourishment Partner), and House of Samsara (Signature Sip Partner). Style and spirit were brought in by Horra Luxury (Accessory Partner) and Woodburns Contemporary Indian Whisky (Spirit Partner). And rounding out the experience, Six Brothers Mahura joined as the Exquisite Experience Partner — making the night a perfect fusion of glamour, creativity, and celebration.

      About OMG Face of the Year: As India's biggest digital talent hunt, OMG Face of the Year is the ultimate launchpad for the next generation of models and artists. Now in its explosive third season, it's the most talked-about event in the Indian beauty and fashion scene.

      About Streax Professional Streax Professional, a brand closely associated with style and glamour in the salon business, was launched in 2004 by Hygienic Research Institute. Streax Professional is the smart choice for smart Indian stylists and consumers. Launching innovative products with well-researched formulations, especially suited to Indian hair types, Streax Professional is the forerunner in the professional segment with the widest distribution network. Streax Professional Hair colourant range (Colour, Developer and Ultralights) is on a continuous growth path and has a partnership with over 40,000 salons across India.

      About Hygienic Research Institute Hygienic Research Institute Private Limited (HRIPL) is a prominent Indian leader in beauty and personal care products, specialising in hair care, skin care, and salon services. With over 60 years of legacy since 1957, HRIPL has grown from a single-brand promoter-owned entity to a multi-brand, multi-category organisation backed by private equity Premji Invest and is known for brands like Vasmol, Streax, and Streax Professional, along with Florozone in skin care. Committed to quality, innovation, and customer satisfaction, HRIPL operates with a vision to offer excellent products and services globally while fostering growth and spreading happiness. The company boasts a robust manufacturing legacy across six locations, adhering to international quality standards. HRIPL is honoured with accolades such as Great Place to Work, Best Workplace for Innovation, and recognition in the FMCG sector, underscoring its commitment to excellence in workplace culture and innovation.

      (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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