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    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
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    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
    Show AI Summary
    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
    Show AI Summary
    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.

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      ACKO Drive Redefines Automotive Excellence at the 4th Annual TOTMs, India's Most Credible and Coveted Automotive Honours

      December 23, 2025

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      Chennai, Tamil Nadu, India – Business Wire India The only Indian auto awards backed by Grant Thornton Bharat as Knowledge Partner; Ranked 8th in Asia & Africa for reach and impact¹ - The Hyundai Venue won 2026 ACKO Drive Car of the Year, while the TVS Ntorq 150 won Bike of the Year. The Premium Car of the Year was the BMW iX1, and the Ducati Panigale V4 was the Premium Bike of the Year. - Mr. Tarun Garg, MD & CEO Designate, Hyundai Motor India, has been honoured as the 2026 ACKO Drive Person of the Year. ACKO Drive concluded the fourth edition of the ACKO Drive awards, popularly known as the TOTMs - The One That Matters in Chennai on December 19–20, reaffirming the platform’s position as India’s most respected and coveted automotive honours. Held in one of the country’s most significant automotive manufacturing hubs, the two-day event celebrated excellence across cars, bikes, and the brands that build them. In just four years, the TOTMs have earned the trust of OEMs, automotive enthusiasts and consumers through an uncompromising focus on credibility and independence. TOTMs are the only automotive honour in India with Grant Thornton Bharat as the Knowledge Partner, ensuring a research-led, transparent, and unbiased evaluation framework. Grant Thornton structures the jury scoring and aggregation process with audit-like rigour, making the TOTMs the most methodologically robust auto awards in the country. The TOTMs are now ranked 8th in Asia & Africa for reach and impact among automotive awards, placing India firmly on the global automotive map1. At the 2026 edition, Hyundai Venue was named ACKO Drive Car of the Year, while TVS Ntorq 150 ​​won Bike of the Year. BMW iX1 secured the 2026 Premium Car of the Year title, and Ducati Panigale V4 won Premium Bike of the Year. The Viewers’ Choice Awards, based on thousands of consumer votes, went to Mahindra BE 6 (Car) and Royal Enfield Hunter 350 (Bike). Mr. Tarun Garg, MD & CEO Designate, Hyundai Motor India, was named 2026 ACKO Drive Person of the Year. Honouring their contributions to Indian auto manufacturing, Ashok Leyland, BMW Group India, Hyundai Motor India, Rane Group, Royal Enfield and TVS Motor Company were inducted into the TOTM Hall of Fame as Manufacturing Pioneers. Dr. V Sumantran was inducted into the TOTM Hall of Fame: Leader, Engineer, Pioneer. These companies and individuals were recognised for their role in shaping the Indian automotive ecosystem, particularly from Chennai. Judged by the Best, Tested at the Highest Level True to their promise of integrity, the TOTMs are judged by a jury of globally respected automotive experts, journalists, and industry leaders. Each year, nominated cars and bikes undergo two days of intensive, hands-on evaluation at the Buddh International Circuit, Greater Noida, ensuring real-world testing under controlled, comparable conditions. Beyond awards, this year’s edition also featured a compelling fireside chat with Dr. V. Sumantran, noted auto industry veteran, and Shailesh Chandra, MD & CEO, Tata Motors Passenger Vehicles, on the future of vehicle safety and what India must do to raise the bar. Siddharth Vinayak Patankar, Editor-in-Chief, ACKO Drive; Chief Creative Officer, ACKO; and Chair, World Car Awards, said: “It is heartening to know how coveted the TOTMs already are in their 4th edition. In a year that saw huge pressures and challenges, the industry fought hard to give us plenty to celebrate. What we have are truly deserving winners, be it the cars or bikes, the brands and manufacturers, as well as some key people from the fraternity. I am also proud we were able to pay tribute to Chennai's manufacturing heritage - that has given India, its consumers, and its economy so much over the years.” The 2026 Honour Roll 2026 ACKO Drive Car of the Year - Hyundai Venue 2026 ACKO Drive Bike of the Year - TVS Ntorq 150 ⁠2026 ACKO Drive Premium Car of the Year - BMW iX1 2026 ACKO Drive Premium Bike of the Year - Ducati Panigale V4 2026 ACKO Drive Person Of The Year - Mr. Tarun Garg, MD & CEO Designate, Hyundai Motor India 2026 ACKO Drive Safety Champion - Maruti Suzuki India 2026 ACKO Drive Viewers’ Choice Car - Mahindra BE 6 2026 ACKO Drive Viewers' Choice Bike - Royal Enfield Hunter 350 2026 ACKO Drive Bike Manufacturer of the Year - TVS Motor Company 2026 ACKO Drive Car Manufacturer of the Year - Maruti Suzuki India Jury members Dr. V Sumantran - Industry Veteran Siddharth Vinayak Patankar - Editor-in-Chief, ACKO Drive and Chair, World Car Awards Gul Panag - Actor & EV Evangelist Rayomand Banajee - Racer & Mentor Hani Musthafa - Chief Editor – Flywheel, World Car Awards Juror Jens Meiners - Founder and Chair, German Car of the Year Steve Fowler - Senior UK Journalist, World Car Awards Juror Yogi Chabbria - Racer & Bike Restorer Priyadarshan Bawikar - Ex-Two Wheels Editor, ZigWheels/BikeDekho Ameya Naik - Associate Editor - ACKO Drive Arun Mohan Nadar - Principal Correspondent, Two Wheelers - ACKO Drive [1] According to the Global Automotive Awards overview report published annually by AITASTIC - a German-American research and consulting firm. About ACKO Technology and Services Pvt Ltd. ACKO Technology and Services Private Limited ("ACKO") is the parent company of ACKO General Insurance. ACKO, founded in 2016, is a digital-first direct-to-consumer company that builds and operates technology and services platforms. Driven by a relentless focus on superlative customer experience and with its transformative technology, ACKO helps create superior customer value propositions and more engaging experiences. For more information, visit www.acko.com or follow us on LinkedIn, Instagram, YouTube, and Twitter. (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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