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    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    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
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    Rupee gains 9 paise against US dollar
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    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    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
    Show AI Summary
    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
    Show AI Summary
    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.

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      L''Oreal Professionnel Sets a GUINNESS WORLD RECORDS™ title with India''s Biggest Hair Moment, 422 Hairdressers, 422 Hair Color Transformations

      September 25, 2025

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      Hairdressers from across India came together to celebrate hair color artistry and set a GUINNESS WORLD RECORDS title for “Most people coloring hair”. The event was marked by the presence of Global Color Ambassador Min Kim and her muse, actress Kritika Kamra Mumbai, Maharashtra, India (NewsVoir) On 17th September 2025, L’Oreal Professionnel created India’s biggest salon by hosting a large-scale event for hairdressers from across the country making it a defining moment for Indian hairdressing. The event, L’Oreal Professionnel Hair Color Coders brought together 422 hairdressers and 422 models under one roof, where the brand set a GUINNESS WORLD RECORDS title for “Most people coloring hair”. At its heart, the event spotlighted Iconic Browns, L’Oreal Professionnel’s color trend of the year, known for a versatile shade palette that reflects the evolving preferences of Indian consumers and professionals. This spectacular event spotlighted the rise of the hairdresser creator community. With L’Oreal Professionnel Artistic Ambassadors & Indian Hairdressing Award winners leading the transformations, hairdressers demonstrated how they are shaping not only salon artistry but also conversations through digital storytelling. This reflects L’Oreal Professionnel’s larger mission in India, not only upskilling talent but also uplifting hairstylists as creators and influential voices in the online beauty space. “What L’Oreal Professionnel India achieved today showcases our capability to set global benchmarks and lead on the world stage,” said Zeenia Bastani, Director, Professional Products Division, L’Oreal India. “We witnessed a mega masterclass by our Global Color Ambassador Min Kim, 422 L'Oreal Professionnel Iconic Brown hair transformations under one roof, an electrifying passion for hairdressing and an overwhelming love for L’Oreal Professionnel! It signifies our strong partnership and our unwavering belief in the talent and entrepreneurial spirit of India's hairdressing community.” This event was brought alive in a massive 1 Lakh sq. ft. space at NESCO, Mumbai, with 60 backwashes and over 5000 hair color tubes of iconic L’Oreal Professionnel brands like iNOA – the no ammonia hair color, Majirel – the pro favorite & Dia Color - the demi-permanent gloss color. The event also generated a wave of more than 1,000 social mentions across platforms in a single day. Each content created highlights the craft and creativity of participating hairdressers, giving them visibility, recognition and an opportunity to inspire peers and clients alike. Commenting on the success of the event, Mathilde Barthelemy-Vigier, General Manager, L’Oreal Professionnel India, stated, “L’Oreal Professionnel Hair Color Coders 2025 marks a pivotal step for the professional hairdressing industry in India. By bringing together 422 hairstylists in one record-setting moment, we’re not just celebrating hair color artistry, we’re reinforcing the growing demand for premium hair color salon services and the influence professionals have in shaping hair trends. With salons evolving into destinations for personalized and elevated experiences, hair color is now driving salon business growth like never before. At L’Oreal Professionnel, we stand for three things: Professional hairdressing; hair tech and innovation; and elevating the hair artist - this event is a testimony of just that.” In the months leading up to this significant milestone, hair color professionals participated in four intensive masterclasses. Led by industry experts, these sessions were designed to elevate their social savviness, refine their color, cut, and style techniques, and fully equip them to demonstrate their artistry for this premier event. "L’Oreal Professionnel Hair Color Coders was about more than setting a record, it was about elevating skill," said Priya Kasthuri Rangan, Head of Education, L’Oreal Professionnel India. "Education has been the backbone of the brand since its inception in India. Through this platform, we’ve given hairstylists an opportunity not only to upskill their craft but also to showcase their hairdressing expertise. We are very proud at L’Oreal Professionnel India to be able to create this elite community of hairdressers who have shown passion, diligence, and unwavering commitment to the program.” The day also featured an exclusive masterclass by Min Kim, L’Oreal Professionnel’s Global Color Ambassador, who demonstrated advanced face framing and placement techniques to attending hairdressers. As a participant to the record, she delivered a show-stopping brown hair color makeover for actress Kritika Kamra, live on stage. Kritika's hair emerged looking exceptionally glossy, vibrant and truly transformed. "The L’Oreal Professionnel Hair Color Coders program in India showcased how education and creativity come together to push the boundaries of professional hairdressing," said Min Kim. "Browns are being redefined globally through techniques like glossing, balayage, and tonal layering, and it was inspiring to see Indian hairstylists embrace this at scale. This moment reflects the power of sharing knowledge and elevating hair artistry internationally." Event Highlights • GUINNESS WORLD RECORDS TITLE: “Most people coloring hair” by L’Oreal Professionnel India. • 422 hairstylists, 422 hair color transformations, 1 #iconicbrowns hair color trend. • Massive event space sprawling 1 Lakh sq ft, 60 backwashes and 5000+ color tubes and products. • Spotlight on the salon hairstylist creator community. • Exclusive masterclass by Min Kim, Global Color Ambassador for L’Oreal Professionnel. • Iconic Brown transformation of actress Kritika Kamra Since its inception in India, L’Oreal Professionnel has transformed the face of professional beauty, from introducing global innovations to elevating hairdressing into one of the most aspirational professions. L’Oreal Professionnel Hair Color Coders 2025 is a highlight of that journey: a milestone that celebrated hair artistry, education, and the pro community, while cementing the 2025 hair color trend Iconic Browns. About L’Oreal Professionnel Founded in 1909, L’Oreal has since maintained its dominance in the global markets of beauty, hair color, haircare, cosmetics, and skincare. L’Oreal Professionnel, founded by Eugène Schueller in 1909, has been at the forefront of delivering game-changing innovations in hair-color and haircare, powered by science, with an obsession for quality and performance. By always seeking to improve what is offered to hairstylists and consumers, L'Oreal Professionnel has created a host of innovations that have forged the history of the hairdressing world. Today, the brand pushes the boundaries with patented molecules, advanced research, elevated tools and new-to-the-world solutions at the disposal of hair stylists. The brand also strives to support, champion, and elevate talent in the Indian hair industry by empowering hair artistry. From setting the stage for new color trends to empowering individuals to express their unique style, we continue to redefine what’s possible in haircare and color. L’Oreal Professionnel is part of the company’s Professional Products Division, whose mission is to reinvent professional beauty and lead the digital transformation of the industry with a customer-centric approach. Other brands included within the Professional Products Division are Kerastase Paris, Matrix, Biolage, and Redken. For more information, please visit www.lorealprofessionnel.in. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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