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August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.

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November 19, 2025

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New Delhi. Nov 19 (PTI) Following are the top stories at 5 PM NATION CAL23 BH-NDA-NITISH (4.47 PM) Nitish Kumar elected as leader of NDA in Bihar Patna: JD(U) supremo Nitish Kumar was chosen leader of the NDA in Bihar during a meeting of newly elected MLAs of the alliance partners here on Wednesday, state minister Shrawon Kumar said.

DEL21 NIA-LD GANGSTER (2.49 PM)

Deported gangster Anmol Bishnoi lands in Delhi, arrested by NIA New Delhi: The National Investigation Agency (NIA) on Wednesday arrested the brother and close aide of dreaded gangster Lawrence Bishnoi, Anmol Bishnoi, upon his deportation from the US to India, officials said.

DEL31 EC-SIR-VOTERS LIST (4.53 PM)

SIR Phase II: Nearly 99 pc enumeration forms distributed to electors in 12 states, UTs New Delhi: More than 50.35 crore of the nearly 51 crore electors in nine states and three Union territories have received enumeration forms under the ongoing Special Intensive Revision (SIR) of the electoral rolls, the Election Commission said on Wednesday.

DEL29 LAUNDERING-AL FALAH-LD CASE (4.25 PM)

Al Falah Group chairperson had reasons to flee India; Rs 415 cr tainted funds identified: ED New Delhi: A Delhi court on Wednesday sent Al Falah group chairperson Jawad Ahmed Siddiqui to ED custody for 13 days even as the agency claimed that he had "incentives" to flee India as his close family members are settled in the Gulf.

DEL22 JK-LG-LADAKH (3.16 PM)

LG admits discontent in Ladakh over ‘imbalanced’ representation in talks with Centre Jammu: Ladakh Lieutenant Governor Kavinder Gupta on Wednesday acknowledged that some people are unhappy with what they see as "imbalanced" representation in the ongoing dialogue with the Centre, but expressed hope that all issues would be resolved through discussions.

DEL25 CONG-KHURSHID-INTERVIEW (3.44 PM)

Delhi blast: Cong's Salman Khurshid seeks PM's answer in Parliament on 'lapse' New Delhi, Nov 19 (PTI) In the wake of the Delhi blast, senior Congress leader Salman Khurshid on Wednesday said the incident has put a "very serious question mark" on the government's security policy and demanded that Prime Minister Narendra Modi should answer on the "lapse" in Parliament soon. By Asim Kamal

CAL20 WB-MAMATA-LD- BLO DEATH (4.19 PM)

Mamata blames ECI for Jalpaiguri BLO's death; BJP hits back, family cites rising workload Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday tore into the Election Commission after a booth level officer in Jalpaiguri district was found hanging, alleging the "inhuman, unplanned" SIR workload is crushing field staff, even as the BLO's family flagged "unbearable pressure" and the BJP blamed state officials for the tragedy.

CAL17 BH-BJP-LD SAMRAT (2.35 PM)

Samrat Choudhary named BJP legislature party leader in Bihar Patna: Tarapur MLA Samrat Choudhary was on Wednesday named the leader of BJP legislature party in Bihar during a meeting of newly elected legislators, UP Deputy CM Keshav Prasad Maurya said.

MDS45 AP-SAI BABA-3RDLD-PM (4.34 PM)

Sathya Sai Baba's teachings showing light to lakhs in 140 countries, says PM Modi Puttaparthi (Andhra Pradesh): Prime Minister Narendra Modi on Wednesday paid rich tributes to late spiritual guru Sri Sathya Sai Baba, saying his teachings and service continue to guide lakhs of followers across the world.

LEGAL LGD22 SC-JUDICIAL OFFICERS-CAREER (4.32 PM)

SC refuses to grant quota for promotee judges in Higher Judicial Service New Delhi: The Supreme Court on Wednesday refused to grant quota for promotee judges in Higher Judicial Service (HJS), observing that there is no "common malady" of disproportionate representation which afflicts the country.

LGD21 SC-INDIABULLS (4.22 PM)

SC pulls up CBI, slams SEBI's 'double standards' over 'reluctance' to probe allegations against Indiabulls New Delhi: Questioning the CBI and SEBI's "reluctance" to probe allegations of "dubious transactions" against Indiabulls Housing Finance Limited (IHFL), now known as Sammaan Capital Limited, the Supreme Court on Wednesday ordered the agency director to hold a meeting with SEBI, SFIO and ED to look into the matter.

LGD19 SC-AIR POLLUTION (3.30 PM)

Air pollution: SC asks CAQM to consider directing NCR schools to postpone sports competitions New Delhi: The Supreme Court on Wednesday asked the Commission for Air Quality Management (CAQM) to consider directing schools in Delhi-NCR to postpone open air sports competitions planned in November and December to “safer months” keeping in mind air pollution levels.

BUSINESS DEL32 BIZ-RBI-UNAUTHORISED PLATFORMS (4.56 PM)

RBI updates 'alert list' of unauthorised forex trading platforms Mumbai: The Reserve Bank on Wednesday added 7 new names to its 'alert list' of unauthorised forex trading platforms, taking the total number to 95.

DEL27 BIZ-TRAI-BFSI (3.57 PM)

TRAI sets firm deadlines for BFSI entities to adopt '1600' series for service, transactional calls New Delhi: TRAI on Wednesday mandated clear deadlines for phase-wise adoption of dedicated '1600' numbering series to be used by regulated entities such as banks, NBFCs, mutual funds and others for making service and transactional calls, in a bid to curb impersonation-based financial frauds perpetrated through voice calls.

FOREIGN FGN41 BANGLA-JUDICIARY-SECURITY (3.35 PM)

Bangladesh’s HC orders committee to review of security measures for courts, judges Dhaka: Bangladesh High Court has ordered a review of security measures for courts and judges in view of sporadic, clandestine violence in the capital and elsewhere over the death penalty verdict against deposed prime minister Sheikh Hasina, a court official said Wednesday.

FGN35 BANGLA-POLITICS-NCP (1.41 PM)

Bangladesh EC registers NCP as political party, allots 'Shapla Koli' symbol New Delhi/Dhaka: The National Citizen Party (NCP), an offshoot of Students against Discrimination (SAD) that led last year's uprising which toppled Sheikh Hasina's government, has been officially registered as a political party in Bangladesh ahead of the February general election.

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