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    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
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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
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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
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    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
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    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
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    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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      The Estee Lauder Companies, Nykaa, & Startup India Announce Finalists for BEAUTY&YOU India 2025

      September 25, 2025

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      India’s most promising beauty entrepreneurs will present their bold, category-defining ideas for a chance to win financial, distribution, and strategic support India – Business Wire India The Estée Lauder Companies Inc.’s (NYSE: EL) New Incubation Ventures, with lead partner Nykaa and the support of Startup India, are proud to announce the finalists for BEAUTY&YOU India 2025. Now in its fourth year, the program continues its mission to discover and support the next generation of India-focused entrepreneurs shaping the future of beauty in India. Under the 2025 theme of Beauty Frontiers, 13 finalists have been selected, representing some of the most promising talent and ideas across skin care, makeup, hair care, and fragrance. Blending creativity, technology, cultural insight, and innovation, they reflect the diversity and dynamism of India’s beauty ecosystem, with concepts spanning Ayurvedic science, microbiome innovation, inclusive beauty solutions, sustainability, and novel delivery formats. Finalists were selected across three award categories: IMAGINE (best pre-launch beauty concepts), GROW (best in-market beauty brands), and BREAKTHROUGH (leading innovations in product, technology, or business model). Finalists will pitch their brands and concepts to an esteemed panel of industry leaders in Mumbai on October 7. Winners will be announced that evening at a special event with leaders across India’s beauty, startup, creative, and innovation ecosystems. As the program continues to grow each year, women entrepreneurs are the ones leading the charge. Over 80% of this year’s applicants included at least one woman founder. For the first time, BEAUTY&YOU India will debut the Visionary Women’s Award, a new jury prize presented with Startup India, the Government of India’s initiative to strengthen the nation’s innovation ecosystem and empower the next generation of entrepreneurs. Inspired by The Estée Lauder Companies’ legacy as a beauty company founded by a trailblazing woman, the award will recognize the innovation and impact of an outstanding woman entrepreneur, with the winner announced during the final event. All winners will receive mentorship from global beauty leaders and gain access to a broad network of strategic support. They will also receive financial support from a prize pool of up to $500,000, national visibility through Startup India, as well as brand-building and distribution support through Nykaa’s powerful ecosystem—spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network. The 2025 BEAUTY&YOU India finalists are: IMAGINE Best pre-launch beauty concepts • Atypiical – Milli Patel, CEO: ATYPIICAL creates hybrid suncare that blends SPF, skin care, and makeup and is engineered for the modern Indian woman’s climate, skin tone, and beauty routine. • DRENCH – Srishti Kumar, Founder: DRENCH is an ingredient-first luxury body care brand that aims to make body care as effective as skin care, with clinically powered, sensorially indulgent products. • Skiom Pvt. Ltd. – Dr. Gautam Banerjee, Cofounder & CEO and Balaknath Datta, Cofounder & COO: Skiom is an Indian skin care brand that believes microbiome is the foundation of healthy skin, offering science-driven solutions that are tested on Indian skin. • Mimiq – Harsha Soundararajan, Founder: Mimiq is a complexion-focused makeup brand, creating inclusive, high-performance, long-lasting products for people with visible skin differences, such as vitiligo. • Allyv – Surabhi Sundarka, Founder & CEO: Allyv aims to bring the joy back into skin care by offering multi-functional, effective, and highly sensorial products. GROW Best in-market beauty brands • Antinorm – Aparna Saxena, Founder & CEO: Antinorm simplifies beauty with high-performance, climate-tailored, and multitasking products that replace multi-step routines. • Dermis Oracle – Ankit Tripathi, Founder & CEO and Kaksha Patel, Cofounder & Head of Product: Dermis Oracle is a pharmaceutical company offering clinically proven solutions to address specific skin concerns through its family of brands, including Seekcaus (suncare) and Anable (hair care). • Justhuman – Roshini Sanah Jaiswal, Founder & CEO and Nitin Chawla, Cofounder & Head of Strategy and Compliance: Justhuman offers neurocosmetics that make people look and feel good by harnessing the skin-brain connection to support both skin health and emotional well-being. • Project Qaafi – Aahan Chatterjee, Founder: Qaafi is a contemporary expression of Indian skin care, blending Ayurveda, botanicals, and science-backed actives with a design-first approach that’s culturally nuanced and crafted for today’s discerning consumer. BREAKTHROUGH Leading innovations in product, technology, or business model • Atmiya Innovations Foundation – Dr. Mousumi Das, Founder & Assistant Professor: Dr. Das has created CYALIP, an advanced lipcare product that utilizes stabilization technology to offer vibrant, pH-resistant, and light-stable coloration while preserving the pigment’s bioactive properties. • Cosmos Bio Private Limited – Dr. Bharat Somireddy, Cofounder & CEO and Sowjanya Venkata, Cofounder: Cosmos Bio is an industrial biotech company pioneering sustainable, cruelty-free bioactives for beauty and personal care. • Hitech Formulations – Jaspreet Singh Gulati, Founder & Director: Hitech Formulations created Lipocell™, a breakthrough encapsulation technology that stabilizes retinoids and other unstable actives without solvents—delivering safer, more effective formulations for pigmentation, anti-aging, and antioxidant-driven skin care. • Nanospin Technologies LLP – Naman H. Barot, Founder: Nanospin Technology LLP is changing skin care at the speed of sustainability with a quick-dissolve face sheet mask that delivers deep moisture and glow-boosting ingredients in seconds. This year’s jury panel is composed of experts across The Estée Lauder Companies (“ELC”) and industry leaders including Akhil Shrivastava (Executive Vice President & Chief Financial Officer, ELC), Michelle Freyre (Global Brand President, Clinique and Dermatological Brands, ELC), Sumit Bhasin (Senior Vice President, Global R&D and Innovation for Fragrance, Makeup, and External Partnerships, ELC), Aïda Moudachirou-Rébois (Senior Vice President & Global General Manager, MAC Cosmetics), Rohan Vaziralli (General Manager, The ELC India), Anchit Nayar (Executive Director & CEO, Nykaa Beauty), Nivruti Rai (Head of Invest India), Katrina Kaif (Actor and Co-Founder, Kay Beauty), Gianandrea Ferrari (Chief Commercial Officer, Intercos Group), Dr. Jaishree Sharad (Celebrated Cosmetic Dermatologist, Author, and TEDX Speaker), Aabha Bakaya (Founder & CEO, Ladies Who Lead), and Gaurav Gupta (Couturier, Artist, and Designer). For more information, visit www.beautyandyouawards.com. To View the Image, Click on the Link Below: BEAUTY&YOU India 2025 Finalists (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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