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    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
    Global gold demand flat at 1,269 tonnes in June quarter, says WGC
    MCD to launch 5-year PPP policy to modernise school stadiums, offer free sports coaching
    Piramal Pharma Limited Announces Results for Q1 FY27
    Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
    Innovation, Startups, MSMEs and Quality Manufacturing are Pillars of India's Future Growth: Shri Piyush Goyal at 22nd J.R.D. Tata Memorial Lecture
    UP ATS nabs kingpin of fake document racket from West Bengal
    Calcutta HC says voter ID, Aadhaar, PAN not proof of Indian citizenship
    Corporate Mitra Scheme Awareness Webinar organized by IICA Shillong, Ministry of Corporate Affairs witnessing overwhelming participation of youth and ...
    CCI approves amalgamation of Go Digit Infoworks Services, holding company of Go Digit General Insurance Ltd, with Go Digit General Insurance Ltd, such...
    CCI approves acquisition of units of Oaktree capital group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP) by Brookfield Asset Management L...
    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
    Building Deep and Resilient Financial Markets for a Viksit Bharat - Keynote Address delivered by Shri Rohit Jain, Deputy Governor at the Financial Ins...
    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
    Creation of separate ministry infused new energy in India's cooperative movement: Amit Shah
    Railways operates first-ever direct freight train from Kolkata Port to Nepal's Biratnagar
    Haryana Cabinet approves housing, EV, MSME and governance reforms
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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.
    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
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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.
    July 30, 2026
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 30, 2026
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    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
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    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
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    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
    Show AI Summary
    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.
    July 29, 2026
    Show AI Summary
    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
    Show AI Summary
    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
    Show AI Summary
    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.

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      Bolivia heads to a runoff after an election ends two decades of ruling party dominance

      August 19, 2025

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      La Paz, Bolivia, Aug 19 (AP) Bolivia's presidential vote is headed to an unprecedented runoff after Sunday's election ended over two decades of ruling party dominance in the Andean nation.

      A centrist lawmaker from a prominent political family, Sen. Rodrigo Paz, and a right-wing former president, Jorge “Tuto” Quiroga, will face off in October after a first round of voting knocked out candidates allied with the nation's long-dominant Movement Toward Socialism, or MAS, party.

      Paz, a former mayor, campaigned with the slogan “Capitalism for all” — rejecting the statist policies of MAS while pitching a more inclusive approach to rescuing Bolivia from its worst economic crisis in four decades. He has promised to lower tariffs, reduce taxes and make small loans more accessible for entrepreneurs.

      “Bolivia is looking for change, looking for renewal,” Paz told The Associated Press after his win. “The vast majority of people have expressed that desire for renewal — merchants, the self-employed, transport workers, the great majority of this country.” Paz had been trailing in opinion polls for weeks. But he gained unexpected traction as he teamed up with Edman Lara, a social media savvy ex-police captain with evangelical backing who was fired for denouncing corruption in the security services.

      “We did not invest millions, we invested in the people's trust,” Lara told local media on Monday, seeking to portray his ticket as a humble alternative to that of the wealthy right-wingers who poured exorbitant sums into campaigning. “ While others spent fortunes on posters and TV spots, we trusted in the strength of the citizens and a message of unity.” Paz secured a lead over Quiroga with over 32 per cent of the votes cast. Quiroga received just over 26 per cent. Candidates needed to surpass 50 per cent, or 40 per cent with a 10-point margin of victory, to avoid a runoff.

      Bolivia holds the presidential runoff — its first since its 1982 return to democracy — on October 19.

      “Now, the ball is in the hands of the Bolivian people,” said leftist President Luis Arce, who will leave office following plummeting approval ratings reflecting popular frustration with his government's mismanagement of the economy. “Democracy has triumphed!” A shift away from decades of leftist party rule The results delivered a blow to Bolivia's hegemonic MAS party, which has governed almost uninterrupted since its founder, charismatic ex-President Evo Morales, rose to power as part of the “pink tide” of leaders who swept into office across Latin America during the commodities boom of the early 2000s.

      Bolivia faces a return to belt-tightening. After years of alignment with world powers like China and Russia, it seems set to reconcile with the United States.

      The official MAS candidate, Eduardo del Castillo, finished sixth with 3.2 per cent of the vote. A candidate considered to be the party's best hope, 36-year-old Senate president Andrónico Rodríguez, captured 8 per cent of the vote.

      During his almost 14 years in power, Morales expanded the rights of the country's Indigenous majority, defended coca growers against U.S.-backed eradication programs and poured natural gas profits into social programs.

      But the maverick leader's increasingly high-handed attempts to prolong his presidency — along with allegations of sexual relations with underage girls — soured public opinion against him.

      Discontent turned into outrage as Bolivia's once-stable economy imploded under Morales' protégé-turned-rival, President Arce.

      Annual inflation rate has soared from 2 per cent less than two years ago to 25 per cent as of last month. A scarcity of fuel has paralyzed the country. A shortage of U.S. dollars needed to pay for essential imports like wheat has crippled the economy.

      As the crisis accelerated, MAS leaders traded blame. A power struggle between Morales and Arce fractured the bloc and handed the opposition its first real shot at victory in decades, even as its uncharismatic candidates failed to unite.

      Followers of Morales heed calls to vote null Blocked from running by a court ruling on term limits, Morales has been holed up in his stronghold of Chapare for months evading an arrest warrant for allegedly impregnating a 15-year-old girl while president.

      He has branded Rodríguez a traitor for competing and encouraged his supporters to register their anger at his exclusion by casting null-and-void ballots.

      His followers appeared to heed his call: An unusually high proportion of votes, 19 per cent, were deemed invalid. The share of blank and null votes in Bolivia elections rarely exceeds 6 per cent.

      Voting even in the restive jungle largely passed peacefully, authorities said, with only minor disruptions.

      A dynamite stick went off near the school where Rodríguez planned to cast his ballot in Chapare. When he arrived hours later, pro-Morales crowds assaulted him with bottles and rocks as he voted. Whisked away by guards, Rodríguez later called it a “difficult moment.” A centrist draws leftists wary of a right-wing lurch Paz's victory came as a shock, as opinion polls had long suggested that Quiroga and businessman Samuel Doria Medina would be the top two contenders.

      Paz has sought to distance himself from pledges by Quiroga and Doria Medina to sell Bolivia's abundant lithium reserves to foreign companies and turn to the International Monetary Fund for billions of dollars of loans.

      But he has also launched blistering attacks on the MAS party and its economic model.

      “People wanted something new, and, after not finding that in a radical on the right or someone who fully represented socialism, they have obviously opted for Paz,” said Álvaro Chipana, who was strolling Monday in the affluent southern part of Bolivia's capital of La Paz. “I think it's a very good option.” A former president's son vs. a former president Paz's supporters have described the former mayor Bolivia's southern town of Tarija as a fresh face with new ideas, in contrast to Doria Medina and Quiroga, who served in the U.S.-backed neoliberal administrations that Morales repudiated when he stormed to office in 2006, declaring an end to Bolivia's 20-year experiment with free-market capitalism.

      But the 57-year-old Paz, the son of former President Jaime Paz Zamora (1989-1993), has been in politics for some two decades and as a senator since 2020. He was born in Spain when his father, founder of a radical leftist party, was exiled during the country's military dictatorship. (AP) HIG HIG

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