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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
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    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
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    Export-only e-commerce inventory operations require confirmed orders, traceable segregated stock, timely seller payments and proportionate export-benefit pass-through.
    The Inventory-based Cross-border E-Commerce Export Framework permits export-only inventory operations through a registered Exporter-on-Record, which procures goods against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted for domestic sale. Sellers must receive timely payment irrespective of overseas buyer payment, proportionate pass-through of export rebates and refunds, and visibility of sale prices, orders and shipment tracking. Annual compliance certification and digital records are required.
    August 5, 2026
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    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
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    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
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    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
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    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
    Show AI Summary
    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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      An EV Newcomer That Doesn't Behave Like One

      January 5, 2026

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      VinFast’s first year in India reveals a playbook built on speed, confidence, and tightly aligned pillars of product, pricing, and aftersales policies, offering a newcomer’s arrival that feels unexpectedly seasoned Gurugram, Haryana, India (NewsVoir) On paper, this looked like an underdog story waiting to happen. A young electric vehicle maker from Vietnam, a country better known for speed in textiles than speed on four wheels, stepping into India, the third largest car market in the world. Naturally, observers wondered how this brand would stand out among battle-hardened incumbents and cost-sensitive consumers.

      But the underdog never played its part.

      Within months of stepping onto Indian soil, VinFast began doing a sequence of moves that made analysts double take. More and more dealers started signing with the brand. Banks shows up to finance both customers and showrooms. And in Tamil Nadu, a factory rose from empty land to a functioning production hub, producing VF 6 and VF 7 units assembled by local workers.

      Momentum like this is rarely accidental. It flowed from a playbook VinFast had tested in Vietnam, refined in Southeast Asia, and reinterpreted for India’s unique scale. At the core of this playbook is a trio of commitments that shaped its rise at home and define its ambitions abroad. VinFast refers to them as its three core pillars: high-quality vehicles, inclusive price, and exceptional aftersales policies. These pillars helped VinFast become the top selling automaker in Vietnam, and now they form the spine of its India strategy.

      Why VinFast Starts With VF 6 and VF 7 The VF 6 and VF 7 are perharps the clearest expression of how those pillars translate into practice.

      VinFast could have chosen to debut with any model, particularly a smaller one to get a low-risk entry. The brand has a wide lineup, from the cute and compact VF 3 that became a phenomenon in Vietnam to the luxury seven-seat VF 9. Yet it chose the VF 6 and VF 7 for India because they embody the company’s core philosophy in a way that feels tailored to Indian consumers.

      First, high-quality vehicles. Both models carry European-influenced design and a level of fit and finish that defies the newcomer label. The VF 7 in particular has already captured attention. It was named EV Disruptor of the Year by the Jagran Hi-Tech Awards for its modern styling, spacious interior, and advanced features, which judges viewed as punched far above its expected segment position.

      Second, inclusive price. VinFast does not aim to be the cheapest brand in the market. Instead, it positions itself where aspiration meets accessibility. This formula succeeded in Vietnam, where VinFast offered generous equipment levels at competitive pricing, making EV ownership realistic for more households without watering down the premium experience. Even entry models came with features often reserved for higher segments.

      The VF 6 and VF 7 follow the same logic in India. They look premium, feel premium, and drive premium, yet remain priced for a segment where buyers are ready to upgrade from combustion vehicles without stepping into luxury territory.

      Third, exceptional aftersales policies. VinFast learned in Vietnam that convincing consumers to shift from petrol to electric requires more than technology. It requires confidence. Long warranties, clear maintenance policies, and easy access to service became part of its brand identity. In Vietnam, warranties for several models stretch up to ten years, a signal of engineering confidence that reshaped consumer expectations. Vietnamese users often reported that servicing VinFast models cost dramatically less than comparable petrol cars, sometimes by more than 80% in real world comparisons. These differences helped the brand surge to the top of the Vietnamese market and created a new expectation that a premium EV should also be practical.

      In India, the VF 6 and VF 7 arrive with the same class-leading warranty, and VinFast does not stop there. Buyers also get three years of free maintenance and three years of free charging, a little gift made possible through its strategic partner V-Green.

      Taken together, the VF 6 and VF 7 represent exactly how the brand intends to flip the script in each market it’s present: Deliver vehicles that feel premium in design and experience, price them within reach of the middle class, and support them with aftersales care that makes EV ownership feel reassuring.

      Factory Speaks Louder Than Ads There is marketing, and then there is a factory rising from the ground in 15 months.

      VinFast’s Tamil Nadu plant is the physical expression of the brand’s belief in acting early and acting boldly. When the site was first chosen, there was nothing. The company surveyed fifteen locations across six states, chose Thoothukudi, and began construction with astonishing speed. Soon the plant rolled out the first VF 6 and VF 7, the very models that symbolize VinFast’s aspiration in India.

      The pace felt familiar. In Vietnam, the Hai Phong plant had already shown what VinFast’s execution looks like at full throttle. TIME Magazine described the factory floor as a place where “robot arms twirl like pneumatic ballerinas,” welding with 98% automation and producing multiple models on a single line. Even Google Maps could not keep up. The magazine noted that the satellite view still showed half of the 877 acre site sitting under the sea because VinFast built the reclaimed land faster than the satellite could refresh.

      Before the year was over, VinFast made another decisive move by signing an MOU with the Government of Tamil Nadu to expand its Thoothukudi facility on roughly 500 acres of newly allocated land. As part of the second phase of its 2 billion dollar commitment, VinFast is expected to invest an additional 500 million dollars to build dedicated production lines for electric buses and e-scooters, expanding beyond its current electric car output.

      Beyond the factory, VinFast brings with them a full ecosystem philosophy. Even before sales began, VinFast secured nationwide service and roadside partnerships with myTVS, RoadGrid, and Global Assure. It formed a battery lifecycle agreement with BatX, showing long-term responsibility for sustainability. And it laid the foundation for a charging network through V-Green, the company founded by VinFast founder Pham Nhat Vuong and which has been platform that already anchors Vietnam’s dense EV infrastructure.

      In parallel, the support infrastructure extends through financing partnerships. VinFast secured alliances with YES BANK, HDFC Bank, ICICI, Kotak, Axis, and the State Bank of India. These agreements cover retail buyers, dealer inventory, corporate fleets, and even in showroom financing. Banks responded enthusiastically perharps because VinFast arrived with credible scale, local manufacturing, and a commitment to long term presence that made lenders comfortable extending generous limits.

      Dealers noticed too. Within months, inquiries poured in daily from dealership groups across India wanting a spot in the network, including cities that were nowhere near VinFast’s initial rollout plan.

      This ecosystem approach is not only operational. It is philosophical. It assures customers that buying a VF 6 or VF 7 is not a leap of faith into an untested category, but a move into a supported, well designed EV experience.

      The early response from Indian journalists and influencers has been a clear indicator of VinFast’s resonance. During his tour of Vingroup’s ecosystem and the VinFast Hai Phong manufacturing complex, Vishal Ahlawat was immediately struck by the sheer scale on display. As he put it, “The first thing I noticed was the vastness of the land, an enormous facility where they manufacture two wheelers, four wheelers, and even buses.” Seeing VinFast vehicles everywhere in Vietnam also sparked a sense of possibility for the Indian market. He added, “I would definitely love to see that in India someday.” A First Year That Reads Like a Mission Statement Perhaps the most striking part of VinFast’s first year in India is not the size of the factory or the number of banks or even the speed of construction. Rather, it’s the clarity of its intent. The company behaves not like a speculative entrant but like a long-term partner, building not for this quarter, but for the years that follow.

      It has already woven India into a production and service ecosystem that spans Vietnam, Indonesia, and other markets in Asia. And it has introduced vehicles that are not stepping stones, but flag bearers. The VF 6 and VF 7 are the embodiment of the company’s three pillars. They prove that VinFast is not trying to sell just electric cars to India, but trying to build a complete, trustworthy EV experience.

      In Vietnam, this approach took VinFast from outsider to market leader. In India, it has already begun rewriting expectations of what a newcomer can pull off in a single year.

      A first year rarely changes a market, but it can set the mood for what follows. And if this is how VinFast begins its India story, the next chapter for a newcomer that behaves nothing like a newcomer is bound to be worth watching.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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