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    Rupee rises 6 paise to settle at 95.39 against US dollar
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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
Show AI Summary
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.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
Show AI Summary
Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.

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December 17, 2025

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New Delhi, Dec 18 (PTI) Following are the top stories at 9.30 PM NATION DEL57 MEA-BANGLADESH-ENVOY-LD SUMMON (5.52 PM)

India summons Bangladesh envoy; demands adequate security to its mission in Dhaka New Delhi: India on Wednesday summoned Bangladesh envoy Riaz Hamidullah and lodged its protest over plans by certain extremist elements to create a security situation around the Indian mission in Dhaka.

DEL66 LD CONG-NATIONAL HERALD PROTESTS (7.05 PM)

Cong protests outside BJP offices after National Herald order; says PM, Shah should apologise or resign New Delhi: The Congress on Wednesday held protests across the country against what it alleged was the Modi government's "misuse" of probe agencies for vendetta politics and vowed to keep up the fight in Parliament and outside, a day after a Delhi court refused to take cognisance of the Enforcement Directorate's money laundering charge against Sonia Gandhi and Rahul Gandhi in the National Herald case.

PAR28 LS-2NDLD NUCLEAR (8.32 PM)

LS nod to bill to open up nuclear sector for private players New Delhi: The tough provisions of India's nuclear liability laws led to "silent phobia" among industry, prompting the government to bring a new comprehensive bill to address their concerns and open up the atomic energy sector for private participation, Union Minister Jitendra Singh said on Wednesday.

DEL85 RAHUL-LD BMW (9.08 PM)

Manufacturing declining in India, says Rahul after BMW plant tour; BJP dubs remarks anti-India New Delhi: Congress leader Rahul Gandhi on Thursday said manufacturing is declining in India and the country needs to build meaningful manufacturing ecosystems for accelerating growth, remarks that evoked a strong response from the ruling BJP that termed his comments "anti-India".

DEL80 DELHI-LD POLLUTION (RPT) (9.01 PM)

Delhi readies for 'No PUCC, No fuel', ban on non-city vehicles below BS VI from Dec 18 New Delhi: The Delhi government's stringent "no PUCC, no fuel" rule and a ban on the entry of all private non-Delhi vehicles below BS VI standards will come into effect from Thursday, with 126 checkpoints identified and over 537 police personnel deployed at fuel pumps across the national capital.

PAR20 RS-LD-INSURANCE-BILL-OPPOSITION (8.48 PM)

Opposition MPs demand 100 pc FDI insurance bill be sent to Par panel for more scrutiny New Delhi: Several non-NDA members in the Rajya Sabha on Wednesday opposed the bill to raise FDI in the insurance sector to 100 per cent and demanded that the proposed legislation be sent to a Parliamentary panel for further scrutiny.

BOM39 GA-COURT-2ND LD LUTHRAS (6.59 PM)

Nightclub fire: Goa court remands Luthra brothers in police custody for five days Panaji: A court in North Goa on Wednesday remanded Gaurav and Saurabh Luthra, co-owners of the ‘Birch by Romeo Lane’ nightclub, in police custody for five days.

DEL79 LEFT-GRAMG-PROTEST (8.21 PM)

Left parties demand withdrawal of VB-G RAM G Bill, announce protest New Delhi: Left parties on Wednesday demanded the government to withdraw the rural employment Bill that seeks to replace the existing law MGNREGA, and gave a call for a joint protest against it on December 22.

DEL76 PAR-PANEL-INDIGO (8.15 PM)

IndiGo COO, aviation officials appear before Par panel; replies 'evasive, unconvincing' New Delhi: A parliamentary panel examining the recent air traffic disruptions tried to fix responsibility for Indigo's mass cancellation of flights as senior aviation officials and IndiGo COO Isidro Porqueras appeared before it on Wednesday, but found the replies of the airline and DGCA "evasive and unconvincing", according to sources.

PAR16 RS-LD TOLLS (6.07 PM)

Satellite-based toll collection to be implemented across country by 2026-end: Gadkari New Delhi: The satellite-based toll collection system will be operational across the country by 2026-end, which will eliminate the waiting time at toll plazas for commuters and bring more revenue for the government, Union Minister Nitin Gadkari informed the Rajya Sabha on Wednesday.

DEL62 UP-MATHURA-MISHAP-IDENTIFICATION (6.36 PM)

Yamuna Expressway crash: Death toll may rise as identification of burnt bodies begin, say officials Mathura (UP): The death toll in the multi-vehicle pile-up that has killed 13 people on the Yamuna Expressway in Mathura may rise further as several severely burnt human remains are yet to be identified, officials said on Wednesday.

CAL35 WB-MESSI-FIASCO-LD ABHISHEK (8.12 PM)

Action to be taken against guilty; WB govt acted promptly after Messi event chaos: Abhishek Kolkata: Senior TMC leader Abhishek Banerjee on Wednesday said the West Bengal government acted promptly after chaos marred a football event featuring Argentine star Lionel Messi, asserting that accountability has already been fixed at multiple levels and further action will follow against all those found guilty.

DEL69 CULTURE-NEHRU-PAPERS (7.16 PM)

Nehru papers: Govt slams Sonia Gandhi, says such records belong in public archives, not behind closed doors New Delhi: The government on Wednesday slammed Congress leader Sonia Gandhi for keeping "51 cartons of Jawaharlal Nehru papers" and sought their return to Prime Ministers' Museum and Library (PMML) so that scholars and Parliament can access the crucial historical records of 'Nehruvian' times, asserting that these documents "belong in public archives, not behind closed doors".

DEL70 DEF-INDIA-UAE-EXERCISE (7.24 PM)

India, UAE troops to take part in joint military exercise in Abu Dhabi from Dec 18-30 New Delhi: Militaries of India and the UAE are scheduled to take part in a joint exercise from December 18-30 that seeks to enhance interoperability and foster defence cooperation between the two sides, officials said on Wednesday.

BOM44 CG-LIQUOR SCAM-LD ARREST (9.18 PM)

Chhattisgarh liquor scam: Ex-CMO deputy secretary Chaurasia arrested; in 2-day ED custody (Eds: Adds details) Raipur, Dec 17 (PTI) The Enforcement Directorate (ED) has arrested Soumya Chaurasia, a suspended state administrative service officer who was deputy secretary in the CMO during the previous Congress government, in connection with an alleged liquor scam in Chhattisgarh.

MDS23 TL-GRAM PANCHAYAT-2NDLD ELECTIONS (8.01 PM)

Telangana: Over 85 pc turnout in final phase of gram panchayat polls Hyderabad: More than 85 per cent of eligible voters exercised their franchise in the final phase of gram panchayat elections in Telangana on Wednesday, the SEC said.

BUSINESS DEL71 BIZ-2NDLD-INDIA-OMAN TRADE (7.31 PM)

India, Oman to sign free trade pact on Thursday to boost economic ties New Delhi: India and Oman will sign a free trade agreement on Thursday in Muscat, opening greater opportunities for sectors such as textiles, food processing, automobiles, auto components, and gems and jewellery.

LEGAL LGD34 SC-LD AIR POLLUTION (7.38 PM)

Air pollution: SC asks NHAI, MCD to consider shifting or closing 9 toll plazas at Delhi borders New Delhi: Taking a serious note of the severe air pollution levels in Delhi-NCR, the Supreme Court on Wednesday issued a slew of directions and asked the NHAI and the MCD to consider either temporary closing or relocating the nine toll plazas of the civic body at borders of the national capital to ease usual massive traffic congestion.

LGD29 SC-AIR POLLUTION-VEHICLES (06.55 PM)

The Supreme Court permitted the Delhi government authorities to take coercive action against old vehicles that do not meet Bharat Stage-IV (BS-IV) emission standards.

LGD7 SC-CJI-SHOE HURL (12.42 PM)

The Supreme Court asked the Centre and the Supreme Court Bar Association to suggest measures to prevent recurrence of incidents like the shoe hurling attempt targeting former CJI B R Gavai in the courtroom.

LGD6 SC-RG KAR-LD TRANSFER (12.20 PM)

The Supreme Court transferred the R G Kar Medical College trainee doctor rape and murder case to the Calcutta High Court to monitor the implementation of its orders.

LGD24 DL-HC-LD INDIGO PIL (04:15 PM)

Delhi HC refused to entertain a PIL seeking direction to the Centre and IndiGo airline to pay a compensation of four times the full ticket price to all passengers whose tickets were cancelled in November and December after the roll out of the new Flight Duty Time Limitation (FDTL).

FOREIGN FGN54 PM-LD OMAN (8.17 PM)

PM Modi arrives in Oman on final leg of three-nation visit Muscat: Prime Minister Narendra Modi on Wednesday arrived in Oman on a two-day visit during which he will hold talks with the Gulf country's top leadership and is expected to sign an ambitious trade deal.

FGN51 PM-ETHIOPIA-LD OUTCOMES (7.26 PM)

Significant steps in 'people-centric' India-Ethiopia partnership: PM Modi highlights outcomes of visit Addis Ababa: Prime Minister Narendra Modi on Wednesday underscored the outcomes of his Ethiopia visit, calling the signing of multiple agreements a “significant” step in strengthening a bilateral partnership focused on "growth and people-centric development".

FGN52 BANGLA-INDIA-LD PROTEST (7.48 PM)

Protesters march towards Indian mission in B'desh capital, police block their march Dhaka: A large group of protesters, marching towards the Indian High Commission in Dhaka, was stopped by police on Wednesday, even as India expressed strong concern about the security situation around its mission in the Bangladeshi capital.

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