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August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
Show AI Summary
Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
Show AI Summary
India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
Show AI Summary
Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.
August 18, 2026
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Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.

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Customs & Trade

Latest: Trump says he won't use force to acquire Greenland in Davos address

January 21, 2026

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Davos, Jan 21 (AP) US President Donald Trump insisted he wants to “get Greenland, including right, title and ownership,” but he said he wouldn't employ force to achieve that — using his speech Wednesday at the World Economic Forum to repeatedly deride European allies and vow that NATO shouldn't stand in the way of US expansionism.

He urged NATO to allow the US to take Greenland from Denmark and added an extraordinary warning, saying alliance members can say yes, “and we'll be very appreciative. Or you can say, No,' and we will remember.” Trump tried to focus on his efforts to tame inflation and spur the economy back home. But his more than 70-minute address focused more on his gripes with other countries.

Here is the latest: Trump's chat with World Economic Forum CEO wraps --------------------------------------------------------- The president did not make any major news in the discussion, which lasted about 20 minutes. Trump then left the stage.

Trump repeats campaign promises that US can grow its way out of debt problems ------------------------------------------------------------ Asked about US debt climbing toward USD 40 trillion — more than the size of the annual US economy — Trump insisted that he can solve the problem with economic growth and eliminating fraud and excessive spending.

“I think we're going to be paying off debt,” he boasted.

Trump made similar promises when he first ran for president in 2016 and again in 2024. He has added more to US debt totals than any president.

He repeated claims about fraud in Minnesota, mentioning the figure USD 19 billion — a miniscule fraction of annual federal spending that is measured in trillions. Trump also said the US is cutting spending, although he has exaggerated the effects of his government efficiency efforts.

Trump suggests a shared culture' between US and Europe -------------------------------------------------------------- Leaving vague exactly what kind of “culture” that he meant, Trump said the West has prospered because of a shared and “very special” one.

“This is the precious inheritance that America and Europe have in common,” Trump said. “We share it. But we have to keep it strong.” Trump added that he wanted to “defend that culture” and “rediscover the spirit that lifted the West from the depths of the dark ages to the pinnacle of human achievement.” Many Americans descend from Europeans, including settlers who came to the North American continent hundreds of years ago. But the Trump administration also has faced criticism at times for focusing on that side of US culture when the country's population is far more diverse.

Trump wraps up his remarks after more than 70 minutes ------------------------------------------------------------ The president finished his speech by congratulating the people in the room for all their successes and declared that the U.S. is “back, bigger, stronger, better than ever before.” “I'll see you around,” he said.

He then sat down on a chair on stage for a question-and-answer session with World Economic Forum CEO Borge Brende, who was seated throughout Trump's remarks.

Trump claims without us, most of the countries don't even work' ------------------------------------------------------------------- He's taken digs at French President Emmanuel Macron over Europe for selling pharmaceuticals to the US at a premium. He ripped Denmark for a lack of appreciation for the U.S. protection of Greenland during World War II. And he's blasted NATO for being too dependent on the United States.

“The United States is keeping the whole world afloat,” he said.

A tale about Swiss watches ------------------------------ While speaking in Switzerland, Trump told a story about the country that he said “rubbed me the wrong way.” He said Switzerland makes beautiful Rolex watches, but “were paying nothing to the United States” to export them. So, he set a tariff, which he said caused representatives from the country and the company to call and visit him and urge him to reverse it.

He brought down the tariff, but said he felt the country was “taking advantage” of the US.

“A majority of the money they make is because of us, because we never charge them anything,” he said.

Nearly an hour in, Trump talks US housing and pans some affordability policies ------------------------------------------------------------------- Talking about the US market, Trump threw a curveball, saying essentially that he didn't want to simply expand housing supply because it could lower values for people who already own homes.

“If I want to really crush the housing market, I could do that so fast,” he said. But, “I don't want to do anything to hurt” people who have built wealth through their home equity.

“I don't want to do anything to hurt” existing homeowners, Trump said. He instead emphasized his desire to see lower interest rates, though that is a policy that, over time, would drive home prices up because it fuels demand.

Trump mocks Macron's sunglasses ------------------------------------- Trump mocked French President Emmanuel Macron's sunglasses to audience's laughter.

“I watched him yesterday with those beautiful sunglasses. What the hell happened?” Trump said to the loudest laughter so far.

The French president has worn sunglasses indoors in recent days as he's joked about a “completely harmless” eye condition.

Read more about Macron Trump says he will meet Ukrainian president ------------------------------------------------ Trump says he's meeting with Ukrainian President Volodymyr Zelenskyy on Wednesday.

The meeting was not on Trump's publicly released calendar and it was not clear if he meant a virtual or in-person meeting.

Zelenskyy is not believed to be in Davos.

Trump blasts Denmark for insufficient military spending on Greenland -------------------------------------------------------------------- Trump asserted that Denmark promised to spend “over USD 200 million to strengthen Greenland's defences” and then insisted it has “spent less than 1 per cent of that.” He was referring to a 2019 commitment from the Danish government, made during Trump's first presidency, when he first floated the idea of the US taking control of the semiautonomous territory of Denmark.

Copenhagen has not disputed that the implementation of that commitment has been slow.

In recent weeks, with Trump pushing the US takeover again, Denmark's Defense Minister Troels Lund Poulsen unveiled an expanded defense plan with a USD 2 billion budget that includes three new ships, long-range drones and more satellite capacity.

Trump did not mention that latest commitment.

Trump calls Greenland a strategic piece of ice that US must take -------------------------------------------------------------------- We want a piece of ice for world protection, and they won't give it,” Trump said in Davos speech.

“You can say yes and we will be very appreciative. Or you can say no and we will remember.” Trump taunts Canada ---------------------- Trump needled his northern neighbor after Canadian Prime Minister Mark Carney said Tuesday that the current phase of global diplomacy was a “rupture” and called for “middle powers” to “act together.” Trump said Canada gets many “freebies” from the U.S. and “should be grateful.” He said Carney's Davos speech showed he “wasn't so grateful.” “Canada lives because of the United States,” Trump said. “Remember that, Mark, the next time you make your statements.” Once again, Trump falsely insists the 2020 election was rigged' ---------------------------------------------------------------- Before the audience in Davos, Trump repeated a claim he's said before that the Russian war on Ukraine “wouldn't have started” if the 2020 US presidential election “weren't rigged.” One thing is for certain: The 2020 election was not stolen. Biden earned 306 electoral votes to Trump's 232. Trump's allegations of massive voting fraud have been broadly refuted.

Trump, who has long been calling for prosecutions related to the 2020 election, added that “people will soon be prosecuted for what they did.” It wasn't immediately clear what he meant.

Trump says Venezuelan oil industry will do fantastically well' with US help ------------------------------------------------------------------ Trump reiterated that he's getting cooperation from Venezuelan officials following the ouster of Nicolás Maduro and predicted good times for the South American country's economy.

“Every major oil company is coming in with us,” Trump said. 'It's amazing.” Earlier this month, at a White House meeting, Exxon Mobil CEO Darren Woods said the Venezuelan market is “un-investable” in its current state.

Trump says Greenland push is not about the need to secure sought-after rare earth elements -------------------------------------------------------------------- The president cited the difficulty of mining on the Arctic island.

“You got to go through hundreds of feet of ice,” he said. That's not the reason we need it.” Instead, he said the US needs it for “strategic national security and international security.” (AP) RD RD

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