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    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
    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
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    August 5, 2026
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    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
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    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
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    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
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    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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.

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      New Home in Europe: ZYT unveils European strategy at IAA Mobility 2025

      September 10, 2025

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      MUNICH, Sept. 9, 2025 /PRNewswire/ -- On September 8, ZYT (ZHUOYU Technology) made its European debut at the IAA Mobility 2025 in Munich, Germany, officially unveiling its European strategy to the global audience. ZYT Establishes German Branch in Braunschweig, Accelerating Localization Efforts in Europe Europe, as the birthplace and innovation hub of the automotive industry, represents a pivotal market in ZYT's global strategy. Taking Germany as its strategic fulcrum, ZYT has set up its German entity in Braunschweig, a key automotive industrial center, and appointed Nils Oldemeyer as the head of its European region. Focused on expediting the establishment of a localized operational system, the German branch has initiated the formation of a multi-functional team encompassing R&D, testing, business development, and other functions, aiming to swiftly respond to and deeply support the needs of the European market.

      Leveraging its newly established German branch, ZYT will prioritize deepening cooperation with leading European automakers, focusing on meeting the demand for cost-effective intelligent driving solutions from both European Original Equipment Manufacturers (OEMs) and Chinese automakers expanding overseas. The company plans to deploy scalable Advanced Driver-Assistance Systems (ADAS) and autonomous driving solutions in phases, covering a spectrum from L2 driver assistance to L3/L4 autonomy, with a strong emphasis on constructing redundant safety architectures to ensure its technological systems comply with EU regulatory requirements. Simultaneously, ZYT will introduce smart cockpit solutions, multimodal interaction platforms, and next-generation perception modules (such as LiDAR-camera fusion systems) to the European market, further enhancing its product portfolio. It is anticipated that within the next year, ZYT's test vehicles and testing scenarios deployed across Europe will cover the entire territory of Germany, with ongoing and increasing investments in computing power and infrastructure development in Europe in the future.

      Four Exhibition Zones Comprehensively Showcase Integrated Hardware-Software and Full-Stack Self-Developed Technological Achievements To fully demonstrate its technological prowess for the global market, ZYT has meticulously crafted four exhibition zones. The Sensor Zone prominently features the industry's pioneering automotive-grade LiDAR-vision integrated sensing solution, "Jimu 2.0," which achieves millisecond-level synchronization between LiDAR and cameras through its "front-end fusion" algorithm. Additionally, the all-solid-state ultra-wide-angle short-range LiDAR, "ZHIZHOU," boasts an exceptionally large field of view, specifically designed to address blind spot challenges. The Domain Controller Zone exhibits a flagship solution based on NVIDIA's DRIVE AGX Thor chip, supporting the deployment of multimodal large models and capable of responding to complex scenarios within a hundred milliseconds. The SA8775P integrated cabin-driving controller, developed in collaboration with Qualcomm, makes its European debut, realizing dual functions of intelligent driving and cabin control through a single chip, reducing costs by approximately 30%. Furthermore, the in-vehicle drone system is being showcased in physical form in Europe for the first time, supporting dynamic takeoff and landing, intelligent vehicle following, and deep integration with the cabin.

      The Volkswagen Joint Exhibition Zone showcases the enhanced assisted driving system IQ.Pilot, which solution has recently passed the rigorous triple-party A-SPICE CL2 audit within Volkswagen's system, and ZYT has also become the first supplier in China to successfully undergo a joint audit by Volkswagen Group, FAW-Volkswagen, and SAIC Volkswagen. Centered around Volkswagen's "Equal Intelligence for ICE and EV Vehicles" strategy, ZYT, as its core partner, is fully advancing the IQ.Pilot project aimed at upgrading intelligent driving capabilities for the MQB fuel platform.

      In-Depth Technical Dialogue Dismantles the Future of Assisted Driving During the exhibition, ZYT successfully hosted a series of events, gathering global industry partners to explore the future of intelligent mobility. In the Technical Talk with CTO session, MA Lu, Chief Technology Officer at ZYT, showcased the company's ecological collaboration achievements and strategic outlook with leading international firms like Qualcomm and NVIDIA. He emphasized that leveraging Qualcomm's Snapdragon Ride™ platform, ZYT has not only achieved mass production of vehicles equipped with the SA8650P intelligent driving platform but also pioneered the first map-free urban navigation solution powered by the next-gen SA8775P integrated cabin-driving chip. This milestone marks a pivotal shift from technological innovation to scalable commercialization. ZYT has also developed a flagship intelligent assisted driving solution based on the NVIDIA DRIVE AGX Thor in-vehicle computing platform and supported by ZYT's fully independent algorithms.

      Looking ahead, ZYT will deepen partnerships to drive the integration of generative AI and large-scale models into intelligent driving systems, accelerating the evolution and widespread adoption of L2 to L4 autonomous technologies.

      Notably, Hongqi Tiangong 05, powered by Qualcomm's SA8650P intelligent driving platform, completed rigorous testing across Munich's urban roads and highways. The vehicle successfully navigated complex European driving scenarios, including roundabouts, narrow lanes, and mixed traffic with trams, underscoring its exceptional adaptability to global road conditions.

      This European road validation not only demonstrates the technological maturity of the platform but also confirms its readiness for worldwide deployment. The test results further affirm that the jointly developed intelligent driving solution excels in diverse environments, providing a robust foundation for future international expansion.

      Adhering to the core philosophy of "In Europe, for Europe," ZYT will continuously promote the large-scale popularization and innovative application of intelligent driving technologies through its full-stack self-developed technology system and open industry collaboration. ZYT's participation in IAA not only announces its establishment of a presence in Europe but also represents a joint effort with global suppliers and OEM partners to build an industry ecosystem, injecting new momentum for transformation into the global intelligent mobility market.

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

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