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    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    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
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    August 6, 2026
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
    Show AI Summary
    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    Show AI Summary
    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Flipkart Unveils 'Minutes That Move India', A Report Unpacking What, When, and Why India Orders Fast

      August 20, 2025

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      From 12 million ice cream scoops to a record 3-minute delivery, Flipkart Minutes maps how India embraced quick commerce at all hours, in all moods Bengaluru, Karnataka, India (NewsVoir) Indian consumers are embracing instant gratification at a remarkable pace. Flipkart Minutes, launched just a year ago, has swiftly expanded into 19 cities and more than 2,900 pincodes, delivering everything from tech to tomatoes. With our first-ever annual report, Minutes That Move India, Flipkart decodes what, when, and why India orders in the moment. Through significant data-led insights, Flipkart Minutes provides deep insights into how India shops today, capturing evolving preferences, shifting behaviours, and fascinating consumer quirks.

      Celebrating one year of Flipkart Minutes, these insights reveal not only what India buys, but why consumers choose instant delivery, how their buying decisions shift through the day, and what defines consumer mood-driven commerce across key cities.

      Onions over iPhones? India's Top Quick-Commerce Hero Will Surprise You In a twist that defines modern Indian consumerism, onions became the unexpected quick-commerce favourite, with over a million orders placed this year. While everyday essentials dominated overall, consumers also ordered enough milk via Flipkart Minutes to fill six Olympic-sized swimming pools and sold bananas, enough to power an army of minions. Notably, indulgences weren’t forgotten: consumers also ordered a staggering 12 million scoops of ice cream, while Maggi noodles continued to comfort Indian consumers with a steady average of 4 packets ordered every minute throughout the year.

      India's Most Bizarre Instant Commerce Cart Goes TO….

      India's quick-commerce carts showed eclectic, unexpected behaviours, with the most unusual combination being aloo bhujia, two gold coins, and a mouth freshener, ordered simultaneously.

      Quick-Commerce Superfan Alert: Shocking Total Orders in Minutes Consumer loyalty reached extraordinary levels: a consumer placed an impressive 886 orders in one year alone, while another consumer placed the highest single-order value, hitting INR 1.85 lacs. These data points reflect how Flipkart Minutes is deeply embedded in consumer lifestyles, accommodating diverse, even whimsical, purchase motivations.

      Faster Than Your Morning Tea: Flipkart's Fastest Delivery at 3 Minutes 21 Seconds! Flipkart Minutes recorded its fastest-ever delivery, completed in just 3 minutes and 21 seconds in Bengaluru’s HSR Layout, highlighting consumer expectations for instant fulfilment. Further insights reveal clear behavioural patterns: peak quick-commerce orders occurred between 7 AM - 8 AM for morning necessities, with another surge in purchases, such as desserts and snacks. Younger consumers, particularly from cities like Pune, Patna and Bangalore, were the most active instant shoppers, highlighting convenience-driven consumption patterns.

      He Came. He Queued. He got it in 10 Minutes.

      A man standing in queue for over five hours outside Mumbai’s Apple Store in Band-Kurla Complex decided to place the order on the Flipkart Minutes app and got his iPhone 16 delivered in just 10 minutes, before the queue had even moved. Last year, while hundreds queued for hours to get their hands on the newly launched iPhone 16, Flipkart Minutes showed how quick commerce is meeting consumer demand for speed and convenience.

      India’s Quick Commerce Capitals and Their Shopping Signatures Every city has its own unique characteristics and Flipkart Minutes is here to serve the demand for each: • Fastest Delivery Champs: Lucknow and Jaipur recorded the fastest average delivery times in India • The Sweet Tooth Capital: Kolkata was observed as India’s dessert capital on Flipkart Minutes, with high-frequency orders for chocolates, cookies, and ice cream • The Last-Minute Glow-Up: Guwahati showed high demand in beauty and personal care, pointing to a shift in how grooming products are consumed, instantly and often • Pet-Friendly Headquarters: Mumbai leads in pet food orders, reflecting a highly engaged base of pet-first households • Gadget Central: Bengaluru features the most late-night orders and high-speed tech purchases, especially wearables and audio products Midnight Ice Cream, Anyone? India's Latest Shopping Craving Hits at 2:58 AM Late-night shopping revealed intriguing consumer behaviours, including the most notable late-night order: an ice cream order placed precisely at 2:58 AM in Delhi, underscoring India's growing appetite for spontaneous comfort shopping at unusual hours. Furthermore, tech products, especially mobile chargers, power banks, and cables, dominated late-night orders, underscoring India’s persistent digital dependency. Adding a quirky twist, India's well-known "breakup survival kit" comprising ice cream, chips, and tissues was ordered over a hundred times, revealing emotional motivations behind late-night shopping.

      India Instantly Ordered 4X more Chocolates Last Minute on Valentine’s Day! Traditional festivals and celebrations increasingly embrace quick-commerce convenience. On Valentine's Day alone, orders for chocolates rose by 4X as compared to other days, emphasizing quick-commerce as the reliable solution for last-minute romantic gestures. Diwali orders spiked for festive essentials such as diyas, fairy lights and rangoli while New Year's Eve witnessed a marked uptick in chips and namkeen orders, clearly reflecting shifting consumer preferences for spontaneous celebrations.

      One in Five Orders Were Rainy-Day Essentials This June: Consumers Shop by the Forecast This year, Flipkart Minutes recorded a sharp rise in demand for season-specific essentials, reaffirming consumer trust in rapid delivery for monsoon-driven needs. Flipkart Minutes offers over 1,000 monsoon-related products on the platform, out of which 90%, including umbrellas, raincoats, mop sets, insect killers, power banks, and torches, were sold in June 2025. One in every five orders placed on Flipkart Minutes in June included a monsoon-related product.

      During the summer season, the top 5 summer products were curd/yoghurt, aerated drinks, ice creams, buttermilk, and fruit drinks, all saw strong spikes in afternoon and evening orders. Metro cities led summer demand, with Bangalore on top, followed by Delhi and Mumbai, and average delivery times of under 10 minutes during peak hours (1 PM - 3 PM).

      How Personalisation has become India’s Quick-Commerce Obsession Personalisation emerged as a key trend, with categories like greeting cards growing by over 60X, wallet-and-belt combos by more than 7.5X, and wall photo frames by nearly 28X across topical occasions such as Father’s Day, Mother’s Day, and so on. Whereas product categories such as smart gadgets, grooming essentials, and coffee mugs also saw increased traction on the platform. Personal care products spiked this summer as well, with face washes, soaps, lotions, anti-tan, and after-sun products growing 1.6X. With the rise of portable tech, demand for accessories like chargers and earphones has steadily increased since the launch of Minutes in August 2024.

      Flipkart remains committed to building a technology-enabled supply chain that aligns with the changing needs of Indian consumers. The insights emerging from Flipkart Minutes reinforce the growing demand for precision, personalisation, and presence in the moment. As shopping behaviours evolve, Flipkart’s differentiated fulfilment approach across hyperlocal, same-day and next-day models continues to deliver with speed, relevance and scale.

      From essential groceries to indulgent treats and emergency tech, Flipkart Minutes exemplifies the company’s mission to make every shopping experience timely, intuitive, and truly customer-first.

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

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