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    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
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    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
    Show AI Summary
    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
    Show AI Summary
    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
    Show AI Summary
    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
    Show AI Summary
    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
    Show AI Summary
    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
    Show AI Summary
    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
    Show AI Summary
    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.

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      Top Crypto Presale: JPMorgan’s BTC Notes Stir Controversy as Investors Hunt For Top Presale Crypto Projects To Go 100x

      December 1, 2025

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      JP Morgan has made a highly controversial move into leveraged Bitcoin, pouring even more fuel on the fire of its recent crypto controversies. The banking giant’s new BTC-backed notes have sparked a fierce backlash from Bitcoiners, who accuse the firm of trying to control the narrative while sidelining companies like Strategy that actually hold Bitcoin on their balance sheets. With even more uncertainty now rising in the markets, many traders are now shifting focus toward the top crypto presale opportunities offering high upside before they go to market. In this article, we’ll take a look at 3 of the top presale crypto projects. Of the 3, DeepSnitch AI is leading the pack of new tokens launching soon, having already raised more than $610,000 in just stage 2 of fundraising, with its price of $0.02527 up 64% already. JP Morgan backlash has traders looking to new tokens launching soon JP Morgan has ignited a firestorm in the Bitcoin community after filing with the SEC to launch a leveraged Bitcoin-backed note tied to BTC’s price performance. According to the SEC filing, the product will offer 1.5x gains or losses through December 2028, with a scheduled launch in December 2025. The backlash was immediate. Bitcoiners argue JPMorgan is now a direct competitor to BTC treasury companies like Strategy (the largest corporate holder of Bitcoin), giving the bank “an incentive to marginalize firms that actually hold Bitcoin.” One Bitcoiner wrote on X: “Saylor opened the door to the $300 trillion bond market… now JPMorgan is launching Bitcoin-backed bonds to compete.” Another prominent advocate, Simon Dixon, claimed the product is designed “to trigger margin calls on Bitcoin-backed loans” and could “force sell pressure from Bitcoin treasury companies in down markets.” Adding fuel to the controversy, JPMorgan was the company that circulated MSCI’s proposal to exclude companies with more than 50% of assets held in crypto from major stock indexes, a move critics warn would deprive Bitcoin-holding companies of passive capital flows and distort market competition. Why top crypto presale projects could go 100x? DeepSnitch AI (DSNT): Price up 65% ahead of January 2026 launch DeepSnitch AI is emerging as one of the top crypto presale opportunities precisely because it solves the biggest problem facing retail investors: information disadvantage. Everyday traders have to navigate rug pulls, fake liquidity, and manipulated narratives (like JP Morgan’s) in order to trade successfully and avoid getting scammed. DeepSnitch AI tackles this with its suite of AI-powered agents that give users access to the same advanced data insights that institutions use to trade. At its core, the project focuses on real-time risk detection by analyzing contracts and developer behaviors, and monitoring whale behavior, influencer wallets, and blockchain alerts to help you make better trading decisions. Instead of guessing, you now get AI-filtered signals that help you avoid traps and find high-upside moves. And DeepSnitch AI’s presale metrics show just how much that product idea is resonating. Already, over $610,000 has been raised in just stage 2 of funding, with its token price of $0.02527 up 64%. It’s clear that early buyers are positioning now, because when it hits the market in January 2026, it could easily go 100x or more. https://youtu.be/Xo4vA_ZW0os?si=6VXWr0tx1tk6WZVG Digitap (TAP): Could go far, though upside may be limited Digitap’s $TAP token remains one of the more active entries in today’s top presale crypto projects, with Round 2 pricing at $0.0326. According to the official presale dashboard, Digitap has already raised over $2M and sold 133.7 million TAP tokens. Digitap’s potential largely depends on how quickly its crypto-banking app gains real adoption beyond the presale phase. If user onboarding accelerates and the team delivers on its fiat-crypto integrations, many believe TAP could see the $0.05-$0.07 range after listing. But Digitap’s bigger limitation is simple: it’s already deep into fundraising. Much of the early upside has been priced in, making its climb more gradual. By contrast, a much earlier-stage presale like DeepSnitch AI, still under $0.03 and $610K raised, offers far greater asymmetric upside because the market cap is dramatically smaller. BlockchainFX (BFX): $11.68M raised and ready for launch BlockchainFX is one of the largest and most aggressive entries on today’s crypto ICO calendar, with its presale already raising $11.68 million. The current presale price sits at $0.03, with a confirmed launch price of $0.05, giving early buyers a built-in 66% markup at listing if they can pull out in time. BFX markets itself as the first “crypto trading super app,” a licensed multi-asset platform offering access to crypto, stocks, forex, commodities, ETFs, options, and CFDs. This broad positioning has helped BFX build huge presale hype, especially with audits completed by CertiK, Coinsult, and SolidProof, and the promise of USDT staking rewards even before launch. However, because the presale is already nearly maxed out with a large capital pool, a portion of its early upside is likely already captured, making smaller presale tokens a better option for those looking for 100x or more. What’s the verdict? With big banks like JPMorgan rolling out leveraged Bitcoin products and sparking tension across the industry, retail investors are searching for opportunities that offer real upside without Wall Street’s fingerprints all over them. Digitap and BlockchainFX both bring interesting utility to the table, and their presales show clear demand, but they’re already deep into fundraising, which naturally caps early-stage multiples. By contrast, DeepSnitch AI is still early and priced for asymmetric growth. With over $610,000 raised and a sub-$0.03 token price, even a small wave in demand can move DSNT multiples higher, something the larger presales simply can’t match. Those looking to invest would do well to get in now though, as its January 2026 launch rapidly approaches. Visit the official website for more information, and join X and Telegram for community updates. FAQs What is the best crypto to buy in presale? Many traders are looking at DeepSnitch AI as one of the top crypto presale picks because it’s still early in fundraising, priced at $0.02527, and offers far more upside potential than larger, near-full presales. What is the most successful crypto presale? Historically, the biggest returns come from projects that launched early with low market caps. In the current cycle, DeepSnitch AI stands out as one of the top presale crypto projects showing fast traction and strong demand. Which coin has 1000x potential? It’s hard for large-cap presales to deliver 1000x moves. In contrast, smaller early-stage launches like DeepSnitch AI offer a more realistic shot at asymmetric gains compared to tokens already deep into their allocations. Disclaimer: Trading cryptocurrencies/digital assets carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency/digital asset trading, and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.The above content is published as received and has not been edited by the channel staff. The channel holds no responsibility for its content. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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