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    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
    Show AI Summary
    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
    Show AI Summary
    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
    Show AI Summary
    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.

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      #FlipTrends2025: Gen Z Drives Scroll-Led Discovery, Tier 2 Cities Lead Premiumisation, and Video & Quick Commerce Become India's Dominant Habits

      December 18, 2025

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      • India searched for everything on Flipkart from Labubu to Stanley Cups, proving that 2025 was the year niche obsessions went national • Air fryers won the great kitchen showdown with 18 lakh searches, narrowly beating microwaves to the top spot • The most-shipped product of the year clocked its highest demand in cities like Cuttack, Godavari, and Medinipur • Gen Z made 3 AM the new primetime, with over 40% 10-minute deliveries turning impulse scrolls into instant checkouts • The year’s costliest cart came from a shopper who checked out with a ₹30 lakh order featuring TCL 115 inch Smart TV Bengaluru - December 17, 2025: Flipkart, India’s homegrown e-commerce marketplace, today unveiled #FlipTrends2025, its annual insights report capturing the definitive shifts in the nation’s digital economy. With Gen Z dictating a new era of scroll-led discovery, tier 2 cities bypassing basics to lead the demand for premiumisation and convenience moving from an occasional occurrence to an everyday reflex, FlipTrends unpacks the behaviors that hijacked group chats, broke search bars, and turned everyday interactions into a nationwide shopping revolution.

      Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart, said, “The insights from #FlipTrends2025 tells the story of a confident digital nation. It was the year shopping became muscle memory, Gen Z turned viral scrolls into instant trends, and Tier 2 cities led the charge in premiumisation. This clearly shows that the lines between content and commerce have blurred. As video shopping and quick commerce transition from novelties to daily habits, #FlipTrends2025 confirms that we have moved beyond mere adoption; in fact, India is now defining the global playbook for digital consumption." Gen Z Turned 21 Lakh Searches into Trends Overnight! A viral Y2K reel sent more than 21 lakh shoppers hunting for the look on Flipkart, with Korean-inspired styles quickly following as creator-led discovery shaped what Gen Z searched for on Flipkart. Their carts told the same story, filled with crop tops, oversized hoodies and baggy jeans, while mouth tape for sleeping unexpectedly became one of the most saved items of the year. Gaming emerged as their biggest habit, with 58% of purchases coming from the 15–24 age group led by Delhi and Kolkata, climbing to 60% in Tier 2 plus cities. In metros like Mumbai and Hyderabad, shoppers aged 25–34 drove the most of gaming purchases, and headsets made up 85% of all gaming accessories sold on Flipkart, redefining how immersive, social-first play defined Gen Z’s shopping identity in 2025.

      Orders Delivered Before You Can Say ‘Dhaniya’ 2025 was the year India treated quick commerce like muscle memory. The ₹9 fruits and vegetables on Flipkart Minutes became one of the most talked about offerings with reels and customer reviews hailing it as the ultimate hero of daily convenience. But it wasn’t just veggies or groceries that got the spotlight. Midnight shoppers made vegetables, milk, chips, ice-creams and chocolates the most-added products after dark, while mood-based buys and “I need this now” moments turned Flipkart Minutes into a go-to reflex across metros and emerging cities. Products like cashews, health drink mixes, biscuits, savouries, namkeens, chips, ice-creams and aerated drinks saw a sharp lift as shoppers used Minutes not just to restock but to experiment, indulge, and solve sudden cravings. With demand peaking after 7 PM, 2025 proved that India doesn’t plan its quick commerce orders. It feels them.

      When Non-Metro India Started Shopping Like Metros! Tier 2 and 3 cities powered Flipkart’s strongest momentum this year, with Bardhaman, Cuttack, East Godavari, Krishna, and Medinipur emerging as top growth hubs. Shoppers here drove demand across key categories from face serums to dishwashers and electric bikes, signalling a clear shift toward premium choices. Fashion continued to anchor their carts while accessories and personal care gained traction among younger buyers. The creator economy also expanded beyond metros, with microphone sales rising 1.3 times as more users began setting up content spaces at home. In 2025, Bharat wasn’t just catching up; it was leading the growth curve.

      Smart Nation, Smarter Buys: Tech That Defined Shopping in 2025 India’s festive shopping in September and October saw record engagement on Flipkart, with 10.3 million users interacting with video commerce every day and shoppers generating 345 million product page views daily as they browsed and compared offers. Livestream shopping continued to build momentum, with over 3 lakh orders placed during live sessions and 3.8 million users engaging with Flipkart’s Infinite Feed each day to surface products through endless scroll formats. Co-branded credit card penetration also increased, accounting for 36% of all card transactions. Together, these features strengthened Flipkart’s ability to offer speed, clarity, and value at scale this year.

      Bharat’s Big Tech Upgrade: Electronics and Appliances that powered 2025 Electronics and appliances on Flipkart showed how India learned to work and relax this year. Laptops and tablets remained popular, while gaming tablets, laptop power banks, and creator tools gained traction among shoppers seeking multi-use devices. Tier 2 and Tier 3 cities drove more than half of electronics demand, showing how strongly smaller cities shaped tech purchases in 2025. Appliances followed the same quick response pattern. When air quality dropped in the north, air purifier orders on Flipkart Minutes rose 11X in November compared to early October and peaked at 13X during the same month, while overall demand on the platform climbed 1.3X month on month. India did not wait; it ordered.

      Fashion’s 14 Million First Timers Found Their Style Era! Flipkart Fashion continued to be a top entry point for new users, with over 14 million customers making their first-ever transaction on the platform through fashion. The average customer age remained between 15–24 years, highlighting strong engagement from digitally savvy and style-conscious cohorts. Across demographics, people explored silhouettes like baggy jeans, oversized t-shirts, coord sets, and cargo pants with colour palettes ranging from soft pastels to bold neons, and everyday essentials that balanced function with personality. Flipkart’s Gen Z-focused fashion in-app experience, SPOYL, played a defining role in shaping these trends, capturing the bold, experimental, and individual style cues of young shoppers. Metros like Bangalore, Delhi, Hyderabad, Kolkata, and Pune led the charge, while Tier 2 & 3 cities such as Bardhaman, Cuttack, Godavari, Kamrup, and Medinipur showed accelerated adoption. Athleisure remained a dominant theme, with sweats recording the highest growth. Accessories saw a sharp rise in demand, with earrings, bracelets, and hair accessories growing twice in demand, reflecting how shoppers are building personal looks, not just wardrobes.

      India’s Most Loyal Relationship in 2025? It's the Grocery Cart! Grocery and daily essentials became one of Flipkart’s most consistent shopping patterns in 2025, with male shoppers driving much of the demand across performance-led nutrition such as whey protein, gainers, creatine, amino acids, and bars. Everyday staples also grew strongly, with soaps and body wash rising by 45%, detergents by 41% and soft drinks increasing by 34% in Tier 2 cities, including Cuttack and Guwahati. Herbal tea, weight gainers and fruit crush were among the fastest-moving items of the year. What India added most often to its cart in 2025 reflected a mix of routine needs and evolving preferences across households.

      The Biggest 2025 Obsession? Beauty That Feels Good Before It Looks Good Shoppers turned to hydration-rich formulas, soft gel serums and newer skincare rituals shaped by modernised heritage habits, simplified skinimalism routines, and barrier and comfort care. K-beauty staples such as sheet masking, cloud cleansing, and dewy prep stayed part of daily use as customers gravitated toward routines that felt effective without being elaborate. Searches for kojic acid, niacinamide, lactic acid, and vitamin C continued to rise, with people choosing products for their ingredients rather than trends. Makeup leaned into hybrid formulas that paired colour with care, fragrance layering became a personalised daily ritual and haircare followed the same pattern with routines focused on growth, strength, hairfall and frizz using lighter, results-driven products.

      Oddball Orders That Broke the Internet and Search Bars India’s carts in 2025 came with plot twists. The country searched for everything from shoes to iPhones, while air fryers crossed 18 lakh searches, edging past microwaves in one of the year’s closest races. Brooms had an unexpected moment too, with a significant number of units shipped to cities like Bhubaneswar, Cuttack, and Mangalore. The costliest cart came from a shopper in Gurgaon, who checked out with a TCL 291 cm 115 inch Ultra HD 4K Mini LED Smart Google TV worth ₹30 lakhs. And in a FlipTrends classic, a customer in Mumbai added 20 packets of Korean Ramen to a single order, perhaps enough for a marathon and the snacks between.

      Built to Scale: How Flipkart Enabled Seller Success in 2025 Flipkart’s marketplace saw strong seller momentum in 2025, with transacting sellers rising upwards of 25 to 30% over the past six months. The newly launched Seller Success Program helped businesses grow over 2X, supported by Flipkart tools such as NXT Insights and an upgraded Seller Hub that offered simpler onboarding, faster settlements and real-time analytics. These upgrades strengthened the foundation for thousands of businesses and helped create a seller ecosystem geared for higher growth and deeper reach.

      Convenience Led the Checkout Story This Year In 2025, Flipkart’s Black subscription programme saw strong traction, with 7.6 lakh customers opting in to unlock added convenience, unique benefits, and quicker payments, a sign of increasing preference for value-driven membership experiences. Flexible and digital-first payment options continued to empower how India shopped online. Buy Now Pay Later (BNPL) adoption saw steady growth, UPI remained the most preferred mode of payment, especially for Gen Z, driven by ease of use, instant processing, and strong adoption across everyday categories like grocery, fashion, and beauty.

      About the Flipkart Group The Flipkart Group is one of India’s leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip and super.money.

      Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart's marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has created thousands of jobs in the ecosystem while empowering generations of entrepreneurs and MSMEs. Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI. These customer-centric innovations focus on enhancing digital payment offerings for all customers while making online shopping more accessible and affordable for millions of Indians.

      For more information, please write to [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 PWR

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