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    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    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
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    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    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
    Show AI Summary
    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
    Show AI Summary
    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
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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
    Show AI Summary
    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.

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      Experiential Luxury Meets an Intimate Journey of Restoration: The Postcard Ayurveda Retreat, Old Goa - A Sitaram Ayurveda Experience

      January 7, 2026

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      The Postcard Hotel aligns with Sitaram Ayurveda’s century-long healing tradition to nurture lifelong wellbeing and balance at this first of its kind retreat New Delhi, Delhi, India (NewsVoir) Building on its legacy of creating transformative experiential luxury holidays, The Postcard Hotel has announced the opening of its latest hotel in a UNESCO-celebrated enclave of history and heritage - The Postcard Ayurveda Retreat, Old Goa – A Sitaram Ayurveda Experience. Overlooking hundreds of acres of tranquil reserve forests, this first of its kind private sanctuary is entirely dedicated to wellness – in collaboration with Sitaram Ayurveda’s 104-year tradition backed by deep knowledge around the healing science of Ayurveda. In a world filled with constant noise and distraction, the property invites discerning guests to pause, listen inward, and reconnect with their own rhythm. Every stay here is an intimate journey of restoration, where authentic Ayurveda supports each guest’s unique path to better health and lifelong wellbeing.

      “With The Postcard Ayurveda Retreat, we have created a pioneering wellness sanctuary in India that offers a comprehensive experience to address unique lifestyle needs and concerns of each guest. The stays here start from minimum 7 nights and are all-inclusive healing journeys focused on providing highly personalised programmes for medical wellness, rather than a recreational leisure escape. In essence, the retreat seamlessly combines transformative experiential luxury with authentic Ayurveda for deep restoration,” says Kapil Chopra, Founder and Chief Executive Officer, The Postcard Hotel. “In an industry-first collaboration with Sitaram, our intimate retreat supports long-term health, balance and wellbeing by integrating their century-old healing legacy of Ayurveda – with the calm of nature, thoughtful design, nourishing cuisine, and perceptive service offered by The Postcard Hotel,” adds Chopra.

      Dr. Vignesh Devraj, MD (Ay), Founder and Chief Physician, Sitaram Retreats, adds, “The Postcard Ayurveda Retreat represents a meaningful convergence of place, purpose, and healing. At its core, Ayurveda is about restoring balance and tapping into the body’s innate potential to heal. Our retreat harmonises these ancient principles with guided consultations, medical insights and personalised care at every step of the tailored wellness programmes. We offer guests a holistic path to recovery and renewal in the privacy of their own space, as they reconnect with themselves and cultivate a path to better health and balance.” Surrounded by pristine forests in Old Goa, the retreat encourages quiet reflection. At the heart of this estate stands a magnificent 300-year-old banyan tree, that defines the sense of place and atmosphere of calm. With only six thoughtfully designed rooms, it offers ultimate privacy where healing unfolds at an unhurried pace. The sunlit rooms rest beneath a canopy of trees, each with a private balcony overlooking lush gardens and the valley beyond.

      “The sense of stillness and seclusion of Old Goa has been the focal point of conceptualising The Postcard Ayurveda Retreat. Enveloped by forests and open to light, air, and nature – the spaces have been intentionally designed to slow the senses, allowing guests the freedom to turn inward and experience healing at their own pace,” adds Kapil Chopra.

      Transformative hospitality with an authentic Ayurveda experience Beyond its serene setting, the retreat offers a deeply immersive journey into authentic Ayurveda. Each stay starts with a personalised consultation with resident physicians, who then create a programme tailored to individual constitutions (doshas) and health needs. Attentive care and medical insight at every step – offer each guest a curated path towards balance, wellbeing, and lasting renewal. This is not a conventional holiday, but a careful immersion into Ayurveda – where every element of each day from treatments to diet to rest is carefully crafted.

      Each wellness journey ranges from 7 nights to 14 or 21 nights, and unfolds at a gentle pace to support deep healing and balance. Mornings begin with traditional Ayurvedic rituals, mindful nature walks, and soulful yoga sessions, setting a calm and grounded tone for the day ahead. Then guided one-on-one consultations with resident doctors, are followed by treatments that may include healing massages, cleansing therapies, meditations, and holistic wellness sessions. Restorative dining is an integral part of each guest’s healing journey, tailored to individual doshas and guided by Ayurveda’s principle that food is medicine. Prepared in consultation with physicians – all nourishing meals served at specific times of the day highlight fresh seasonal produce, and can be enjoyed in serene pavilions that open to the Mandovi River.

      The all-inclusive packages at The Postcard Ayurveda Retreat offer a comprehensive wellness experience. Recommended stays start from 7 nights at an inaugural price of INR 3,40,000 for single occupancy, and INR 4,50,000 for double occupancy. Guests can also opt for longer stays of 14 to 21 nights for more long-term recovery and deeper restoration. Prices are inclusive of taxes, cover airport transfers and all aspects of the stay including – daily meals and beverages, prescribed treatments and medications during the stay, private doctor consultations, and yoga sessions.

      Rooted in the essence of Ayurveda, personalised stays at The Postcard Ayurveda Retreat are not only for those looking for treatments, but also guests who are seeking good health – to strengthen immunity and restore long-term balance.

      About The Postcard Hotel Kapil Chopra, along with a team of seasoned luxury hoteliers including Akanksha Lamba, Anirudh Kandpal, and Raman Bansal, embarked on a visionary journey to create extraordinary experiences for discerning travellers. In December 2018, they unveiled The Postcard Hotel – a brand driven by boldness and ambition, committed to redefining the rules and elevating the standards of experiential luxury. The Postcard Hotel is now opening 8 new hotels in the next 12 months making it the fastest growing uber luxury hotel brand in the world.

      Today, The Postcard Hotel’s growing collection spans India and beyond. In Goa, its four retreats – Old Goa, Saligao, Cuelim, and Hideaway – capture the region’s charm, while The Postcard on the Arabian Sea offers sweeping oceanfront serenity. In Gujarat, The Postcard Gir Wildlife Sanctuary immerses guests in the land of the Asiatic Lion, and The Postcard Mandalay Hall in Kochi brings art and heritage together in an evocative setting. Further afield, The Postcard in the Durrung Tea Estate, Assam, and The Postcard in the Himalayan Willows, Leh, offer uncharted adventures and tranquil escapes. Internationally, the brand extends its philosophy through The Postcard Dewa in Thimphu, Bhutan, and The Postcard Galle in Sri Lanka – each a celebration of place, culture, and understated elegance.

      For more brand and hotel information , please view the hotel factsheet here, or visit the website and Instagram handles @thepostcardhotel and @thepostcardayurvedaretreat.

      About Sitaram Ayurveda Founded in 1921, in Kerala, India – Sitaram Ayurveda began as Sitaram Anglo Ayurveda Pharmacy – with a mission to provide education and accessible Ayurvedic healthcare to all. With the support of royal patrons, inspiration from the Punkunnam Sitaramaswamy Temple, and dedication of pioneering founders – Sitaram became India’s first Ayurvedic joint-stock company, established in Thrissur. Over a century later, its legacy continues to be trusted across generations, guided by tradition, and renewed through science.

      With 104 years of tradition, Sitaram Ayurveda is a living, evolving ecosystem rooted in the timeless wisdom of Ayurveda – from in-house Ayurvedic medicine manufacturing and a dedicated R&D team that continuously innovates, to experienced Ayurvedic doctors who guide every formulation. The company’s name embodies Ayurvedic ideals: ‘Sita’ referencing abundance/harvest, and ‘Ram’ indicating rest and wellbeing.

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

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