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    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
    Govt hikes windfall gains tax on petrol, diesel, ATF exports
    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
    Shri Piyush Goyal Invites Indian and Uzbek Businesses to Co-invest and Co-manufacture; Calls for Doubling Bilateral Trade at India-Uzbekistan Business...
    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
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    August 4, 2026
    Show AI Summary
    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.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    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.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
    August 3, 2026
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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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.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
    August 3, 2026
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
    August 3, 2026
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    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 3, 2026
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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
    Show AI Summary
    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.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.

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      AstaGuru’s ‘Heirloom’ Auction to Showcase Exquisite & Nonpareil Jewellery, Silver & Timepieces

      October 25, 2025

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      Lot 7 | A Five-Tier Mutual-Cut Diamond Necklace Mumbai, October 24, 2025: In its upcoming ‘Heirloom’ auction, AstaGuru is proud to showcase the finest timeless jewellery, rare silver, and riveting watches. The meticulously curated catalogue celebrates exceptional craftsmanship and artistry from across the globe. Scheduled to take place from October 27 - 28, the auction promises to be an unmissable event for connoisseurs of important collectibles and admirers of master craftsmanship. The jewellery selection brings together a blend of Western and traditional Indian artistry, featuring pieces set with exceptional diamonds, rubies, emeralds, natural pearls, and other precious and rare gemstones sourced from some of the world’s most renowned mines, prized for their colour and clarity. The silver collection celebrates Indian and European silversmithing traditions through vintage creations that echo the skills of the artisans of the time. Completing the curation is a remarkable range of watches, from vintage classics to modern icons by some of the world’s most renowned labels, including Patek Philippe, Audemars Piguet, Bvlgari, Rolex, Hublot, Breguet, Cartier, and A. Lange & Söhne. Adding an exclusive dimension to the auction, a special segment has been curated by Kavita Singh, one of India’s foremost style and décor luminaries. Known for her refined taste and distinctive aesthetic, Kavita brings her signature philosophy of individuality, authenticity, and timeless elegance to this special selection for AstaGuru. Her curation for Heirloom Jewellery is, in her own words, “an amalgamation, a marriage between different styles,” blending modern sophistication with an enduring old-world charm. Each piece in this segment has been chosen for its harmony of design, craftsmanship, and emotional resonance — a reflection of Kavita’s deep appreciation for beauty that transcends trends. Speaking about the jewellery section of the catalogue, Jay Sagar, Jewellery Expert, AstaGuru Auction House, said, “This auction is a truly special one for us. We’re thrilled to bring together a stunning selection of jewellery that reflects the best of Indian and international brilliance. Each piece has been chosen for its beauty and expertise, featuring rare gemstones such as Mogok mine Burmese rubies, Colombian emeralds, rubellites, Tanzanites, spinels, pearls, and natural diamonds of exceptional quality. The collection offers something for every connoisseur — from timeless simplicity to pieces of magnificent grandeur.” Leading the jewellery segment and commanding the highest price is lot no. 24, A Vintage French Art Deco Bow Brooch. The GRS Platinum Award-winning piece is set with diamonds and vivid Colombian emeralds. Ingeniously designed, it can be separated at the centre to form a graceful pair of ear pendants. This lot will be offered at an estimate of INR 2,97,47,826 – 3,50,00,000 An important highlight, lot no. 22, A Beautiful Zambian Emerald, Pearl & Diamond Necklace, showcases five graduated strands of lustrous pearls centring on a striking cluster of Zambian emeralds framed by brilliant-cut diamonds and suspending a pear-shaped emerald drop with pearl fringes. Estimated at INR 1,95,30,000 – 2,50,00,000, it is a refined piece reflecting the splendour of Indian craftsmanship. Jehangir Readymoney, Luxury Timepiece Expert, reflects on the collection: “The fascination for fine timepieces continues to grow, and this season’s offering truly captures that spirit. We’ve handpicked rare watches from renowned global brands – each with its own story, craftsmanship, and character. The collection speaks to both the discerning connoisseur and the emerging collector – showcasing pieces that embody innovation, precision, and timeless elegance.” A standout highlight of this category is lot no. 171, a Rolex Cosmograph Daytona ‘John Mayer’ 18k Gold Wristwatch, a highly coveted and distinctive timepiece with a fascinating provenance. Named after the acclaimed musician and renowned Rolex enthusiast John Mayer, this model features an eye-catching emerald green dial with three sub-dials – a seconds counter at 6 o’clock, a 30-minute counter at 3 o’clock, and a 12-hour counter at 9 o’clock. The watch is crafted in 18k gold, including its case, bezel, crown, and caseback. Executed circa 2021, this exceptional piece carries an estimated value of INR 55,00,000 – 65,55,000. Another important highlight of the sale, lot no. 157, a Patek Philippe Nautilus Stainless Steel Wristwatch, stands as an icon of luxury sports watchmaking and a cornerstone of contemporary horological design. The present example is a rare, smaller version of the model, first introduced in the early 1980s. It features a blue ribbed dial, stainless steel case and caseback, complemented by an 18k gold bezel and crown. Originating circa 1982–1985, this elegant timepiece is estimated at INR 39,00,000 – 60,00,000. The silver section of this auction celebrates the brilliance of metalwork from both India and Europe, capturing the artistry of a time when craftsmanship was paramount. From intricate Indian designs to the refined elegance of European creations, each piece reflects a unique tradition and legacy. The standout piece is lot no. 145, A French Silver Garniture Set With Candelabra. The exceptional garniture features a pair of five-light candelabra and a central mirrored plateau with an openwork frame. Richly decorated with acanthus scrolls, floral motifs, and rocaille details, the set exemplifies the elegance of the 19th-century Rococo Revival-style. Crafted by the renowned Parisian silversmith Cardeilhac, it is a superb example of French craftsmanship, estimated to be sold at INR 20,00,000 – 24,00,000. Lot no. 147, A Hallmark Silver Vase, is a finely crafted piece featuring a broad, rounded contour adorned with bold foliate scroll handles and a flared neck with a reeded rim. Resting on a square pedestal base with gadroon edging and four stylised paw feet, the vase reflects the refined design sensibilities of the early 20th century. Marked IIS as its maker, this elegant creation is estimated to be acquired at INR 13,20,000 – 15,20,000. The Heirloom Auction will be conducted online at www.astaguru.com. Bidders are invited to preview the full catalogue and register for participation. About AstaGuru Auction House AstaGuru (AG) is India’s premium auction house, dedicated to preserving cultural heritage and shaping enduring legacies through rare art and luxury collectibles. Founded in 2008, AstaGuru provides a seamless and trusted platform for collectors to discover, acquire, and consign exceptional treasures, spanning Modern and Contemporary Indian Art, fine jewellery, rare timepieces, vintage cars, and unique collectibles. Guided by a vision to be the world’s leading platform for rare art and luxury collectibles, AstaGuru brings together connoisseurs across generations, fostering a deeper appreciation for craftsmanship and history. With an unwavering commitment to expertise, authenticity, and innovation, AstaGuru empowers collectors to curate extraordinary stories that transcend time. Through its digital platform and mobile app, AstaGuru bridges geographies, making remarkable acquisitions accessible to collectors worldwide. Media Contact: Ayesha Bachaw | [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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