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    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
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    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
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    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
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    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
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    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
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    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.

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      Paris court sentences Nicolas Sarkozy to 5 years in prison for criminal conspiracy

      September 25, 2025

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      Paris, Sep 25 (AP) A Paris court on Thursday sentenced former French President Nicolas Sarkozy to five years in prison after finding him guilty of criminal conspiracy in a scheme to finance his 2007 campaign with funds from Libya, a verdict that the still-influential conservative leader denounced as “a scandal.” The historic ruling made Sarkozy the first former president of modern France sentenced to actual time behind bars. In a major surprise, the court ruled that the 70-year-old will be incarcerated despite his intention to appeal. It said his imprisonment would start at a date yet to be fixed, sparing the former head of state the humiliation of being led out of the packed courtroom by police.

      The court found Sarkozy guilty of criminal association in a plot from 2005 to 2007, when he served as interior minister, to finance his winning presidential campaign with funds from Libya in exchange for diplomatic favours. It cleared him of three other charges including passive corruption, illegal campaign financing and concealing the embezzlement of public funds.

      Sarkozy denounced the ruling as a humiliation for the country.

      “If they absolutely want me to sleep in prison, I will sleep in prison. But with my head held high. I am innocent. This injustice is a scandal," he said with his wife, the singer and model Carla Bruni-Sarkozy, at his side.

      “I ask the French people — whether they voted for me or not, whether they support me or not — to grasp what has just happened. Hatred truly knows no bounds," he said.

      "Should I appear in handcuffs before the Court of Appeal? Those who hate me this much, think it's humiliating for me. What they humiliated today is France.” With Sarkozy standing in front of her, chief judge Nathalie Gavarino said in sentencing him that “the goal of the criminal conspiracy was to give you an advantage in the electoral campaign” and “to prepare an act of corruption at the highest possible level in the event that you were elected President of the Republic.” The facts were “exceptionally serious” and “capable of undermining citizens' trust in public institutions,” with Sarkozy having used his position as interior minister “to prepare an act of corruption at the highest level," the judge said.

      Sarkozy described the financing plot as simply “an idea.” “I am being convicted for having supposedly allowed two of my staff members to go ahead with the idea — the idea — of illegal financing for my campaign," he said.

      The court found that two of Sarkozy's closest associates when he was president -- former ministers Claude Guéant and Brice Hortefeux — were guilty of criminal association, but likewise acquitted them of some other charges. The court sentenced Hortefeux to two years imprisonment, but said time can be served outside prison with an electronic monitoring bracelet. Guéant was handed a six-year prison term but wasn't incarcerated immediately for health reasons.

      The court said both Guéant and Hortefeux held secret meetings in 2005 with Abdullah al-Senoussi, the brother-in-law and intelligence chief of former Libyan dictator Moammar Gadhafi.

      Gadhafi was toppled and killed in an uprising in 2011, ending his four-decade rule of the North African country. Al-Senoussi is considered the mastermind of attacks on a Pan Am jumbo jet over Lockerbie, Scotland in 1988 and a French airliner over Niger the following year — causing hundreds of deaths. In 2003, Libya took responsibility for both plane bombings.

      The Paris court described the contacts as a “corruption pact.” It said favors offered to Libya by Sarkozy and associates included talks about Al-Senoussi's judicial fate as well as financing for nuclear power in Libya and continued French efforts to help Libya shed its status as a pariah state under Gadhafi.

      The ruling from the panel of three judges said Sarkozy allowed his associates to reach out to Libyan authorities “to obtain or try to obtain financial support." But the court said it wasn't able to determine with certainty that Libyan money ended up financing Sarkozy's campaign. The court explained that under French law, a corrupt scheme can still be a crime even if money wasn't paid or cannot be proven.

      Sarkozy, who was elected in 2007 but lost his bid for reelection in 2012, denied all wrongdoing during a three-month trial earlier this year.

      Despite multiple legal scandals that have clouded his presidential legacy, Sarkozy remains an influential figure in right-wing politics in France and in entertainment circles, by virtue of his marriage to Bruni-Sarkozy.

      Alleged Libya financing The accusations trace their roots to 2011, when a Libyan news agency and Gadhafi said the Libyan state had secretly funnelled millions of euros into Sarkozy's 2007 campaign.

      In 2012, the French investigative outlet Mediapart published what it said was a Libyan intelligence memo referencing a 50 million-euro funding agreement. Sarkozy denounced the document as a forgery and sued for defamation. The court ruled Thursday that it “now appears most likely that this document is a forgery." Investigators also looked into a series of trips to Libya made by people close to Sarkozy when he served as interior minister, including his chief of staff.

      In 2016, Franco-Lebanese businessman Ziad Takieddine told Mediapart that he had delivered suitcases filled with cash from Tripoli to the French Interior Ministry under Sarkozy. He later retracted his statement.

      That reversal is now the focus of a separate investigation into possible witness tampering. Both Sarkozy and his wife were handed preliminary charges for involvement in alleged efforts to pressure Takieddine. That case has not gone to trial yet.

      Takieddine, who was one of the co-defendants, died on Tuesday in Beirut. He was 75. He had fled to Lebanon in 2020 and did not attend the trial.

      Sarkozy denounced a plot' The trial shed light on France's back-channel talks with Libya in the 2000s, when Gadhafi was seeking to restore diplomatic ties with the West.

      During the trial, Sarkozy denounced the allegations as a “plot” cooked up by “liars and crooks” including the “Gadhafi clan.” He suggested they were retaliation for his call — once installed as France's president — for Gadhafi's removal. He was one of the first Western leaders to push for military intervention in Libya in 2011, when pro-democracy protests swept the Arab world.

      “What credibility can be given to such statements marked by the seal of vengeance?” Sarkozy said during the trial.

      Stripped of the Legion of Honour In June, Sarkozy was stripped of his Legion of Honour medal — France's highest award — after his conviction in a separate case.

      Earlier, he was found guilty of corruption and influence peddling for trying to bribe a magistrate in 2014 in exchange for information about a legal case in which he was implicated.

      Sarkozy was sentenced to wear an electronic monitoring bracelet for one year. He was granted a conditional release in May due to his age, which allowed him to remove the electronic tag after just over three months.

      In another case, Sarkozy was convicted last year of illegal campaign financing in his failed 2012 reelection bid. He was accused of having spent almost twice the maximum legal amount and was sentenced to a year in prison, of which six months were suspended.

      Sarkozy has appealed that verdict to the highest Court of Cassation, and that appeal is pending. (AP) RD RD

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