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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
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    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
    July 30, 2026
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
    IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
    July 30, 2026
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    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
    July 30, 2026
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
    The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
    July 30, 2026
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 30, 2026
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    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
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    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
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    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
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    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.

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      Leader of Carbon Markets Turns Novelist with a World to Unsettle

      September 27, 2025

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      India, September 27, 2025: Sustainability and AI product leader Dr. Nripanka Das debuts as novelist Rowan Blackwood; his thriller The Babel Paradox heads to the Frankfurt Book Fair - a rare tech-to-literature pivot with global stakes. In the fluorescent hush of an office long past quitting time, the screen flashed a subject line that made him stand still: Frankfurter Buchmesse – Selection Confirmation. The air-conditioning thrummed. Somewhere, a coffee machine clicked. Dr. Nripanka Das - better known in energy-tech circles for taming data streams and carbon ledgers opened the email and read it twice, then once more for its edges. A quiet "okay" escaped him. He closed the laptop, reached for a notepad with draft scene beats in a spare engineer's hand and underlined a single word: Real.

      Days later, a first box of author's copies landed with the soft thud of freighted possibility. Matte cover, clean serif type, a title that feels like a warning and a puzzle: The Babel Paradox: Language, Conspiracy, and the End of Reality. He lifted one volume, turned it spine-out the way inventory managers do, then let the pages riffle like cards. The paper had a faint linen bite. The ink carried that just-printed scent - chemistry, cotton, intent.

      For a figure widely associated with carbon markets, digital MRVand the difficult plumbing of industrial decarbonization, the sight bordered on subversive: an engineer of systems publishing a literary thriller under the pen name Rowan Blackwood, now headed to the world's largest book fair. Frankfurt, October 15–19, 2025 - where rights are traded, translations seeded, and a debut can find its passport.

      From Labs to Literature Dr. Nripanka Das is a sustainability and AI product leader whose public work lives at the intersection of emissions data, verification techand energy innovation. His debut novel, The Babel Paradox, appears under the author name Rowan Blackwood and has been selected for presentation at the 2025 Frankfurt Book Fair. The moment matters: a technologist crossing into literary fiction at the industry's most prestigious marketplace, where the future of a book - its editions, territories, and readerships, is negotiated face to face.

      If the lab bench and the writer's desk share a temperament, Das embodies it: constraint, iteration, verification. In product reviews, he is known for refusing fuzzy terms - show the runbook, show the baseline. That same discipline turned inward when sentences, not sensors, became the substrate. "Engineering taught me habits I couldn't unlearn," he says. "I version-control scenes. I test dialogue against the system it belongs to. If a character lies, I ask what it costs the network." The result is prose that moves like a model under load - stress-tested, then streamlined.

      The path from carbon registries and data pipelines to pages concerned with power and speech looks shorter up close. Markets and languages are both rule-bound, socially negotiated and ripe for misuse. In The Babel Paradox, the audit trail becomes narrative tension; the checksum becomes a clue; the governance meeting, a battleground where words decide material outcomes.

      The Book at a Glance The Babel Paradox hunts the fracture line where language ceases to be neutral and becomes a weaponized protocol. The novel threads high-stakes intrigue through hidden systems - surveillance architectures, academic rivalries, shadowed research and asks whether a society that outsources meaning to machines can still tell truth from consensus. It is less about secret societies than about visible institutions acting in secret ways, less code-cracking than contract-reading. Characters grapple with the price of precisionand the risks of claritywhen clarity threatens power.

      Why Frankfurt, Why Now Frankfurter Buchmesse is the industry's engine room - an international rights marketplace where scouts, editors and agents compress years of emails into five intense days. For a debut, selection signals professional intent: visibility before the global trade, proximity to translation conversations and a chance to position the work in a taxonomy beyond national borders. Frankfurt's scale matters because it disciplines hype. You have a book, or you don't. You have a pitch that survives a hallway test, or you do not. For The Babel Paradox, the fair offers exactly the ecosystem it interrogates - languages colliding, meanings negotiated, reality minted from contracts and conversation.

      "Frankfurt is where stories either acquire second lives or prove they only had one," Das says. "I wanted the book tested where no one owes me politeness." Private Passion, Public Debut Colleagues knew him as a rigorous builder of products; fewer knew about the stack of marked-up drafts that followed him city to city. "It was always there," he says, "but it stayed in the margins because the workday took the center column." The center has shifted. Publishing under Rowan Blackwood allowed a firewall at first - new name, new channel, the necessary freedom to fail in public without dragging a résumé behind it. The firewall didn't last long; the announcement leaked through Instagram posts and whisper networks, and then Frankfurt made secrecy moot.

      He describes the pivot not as reinvention but as extension. "If sustainability work is about accountability for claims," he says, "then fiction is an extreme sport of claims. Every sentence asserts a reality. You have to earn it." Industry Angle: Where Systems Meet Stories There is a small but telling pattern of technologists writing fiction that refuses to excuse the infrastructures we live inside. The Babel Paradox sits in that lineage, but with an unusual precision about governance - the way policies, standards, and datasets harden into social facts. A sustainability and AI practitioner writing literary fiction carries a particular charge in 2025, a year dense with climate reporting requirements and public debates about algorithmic authority. The book does not speechify; it builds a world where the line between signal and noise is a design choice, then forces its characters to live with that choice.

      Frankfurt, with its translation ecosystem, intensifies this effect. Language as theme meets language as logistics. The novel's preoccupation with meaning across domains - legal, technical, colloquial- becomes a practical question of how idioms travel, which metaphors survive, and where a story must recompile for another culture's operating system.

      The Stakes of Precision Das's day job taught him that numbers can be honest and still be wrong if they summarize the wrong thing. The novel takes that lesson to the level of plot. A text can be lyrical and still mislead; a dataset can be enormous and still be trivial. What matters is the schema - what you count as real. In The Babel Paradox, characters collide over schemas: academic definitions, state narratives, corporate euphemisms. The book's suspense rarely comes from a gun in the drawer. It comes from the clause you didn't read.

      "Language isn't a mirror; it's an actuator," he says. "It moves systems and people." What Readers Will Recognize Audiences who come for conspiracy will find craft: clean lines, controlled heat. Readers from the worlds of policy, tech, or markets will recognize the granular decisions - names of committees, behaviors inside conferences, the way careers hinge on phrasing. But the novel keeps its promises as fiction first. It knows that stakes only matter when they land on a human scale: two people in a quiet office bargaining with a truth neither wants to say out loud.

      If his carbon work measures what the world emits, his fiction measures what the world permits and with The Babel Paradox stepping onto Frankfurt's floor, Dr. Nripanka Das matches engineering precision to literary intent, drafting a future where meaning has to meet spec.

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

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