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    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
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    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
    Show AI Summary
    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
    Show AI Summary
    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
    Show AI Summary
    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
    Show AI Summary
    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
    Show AI Summary
    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
    Show AI Summary
    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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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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