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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
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    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
    July 30, 2026
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
    IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
    July 30, 2026
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    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
    July 30, 2026
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
    The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
    July 30, 2026
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 30, 2026
    Show AI Summary
    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
    Show AI Summary
    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
    Show AI Summary
    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
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    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.

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      Protesters demand immigration agents leave Minneapolis after man is shot, killed during crackdown

      January 25, 2026

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      Minneapolis, Jan 25 (AP) Democrats demanded that federal immigration officers leave Minnesota after a US Border Patrol agent fatally shot a man in Minneapolis, drawing hundreds of protesters onto the frigid streets and increasing tensions in a city already shaken by another shooting death weeks earlier.

      Family members identified the man who was killed as Alex Pretti, a 37-year-old intensive care unit nurse who protested President Donald Trump's immigration crackdown in his city. After the shooting, an angry crowd gathered, and protesters clashed with federal officers, who wielded batons and deployed flash bangs.

      A federal judge has already ruled that officers participating in the federal immigration enforcement surge in Minnesota can't detain or tear gas peaceful protesters who aren't obstructing authorities, including when these people are observing the agents.

      That decision came in a case brought by the American Civil Liberties Union on behalf of Minnesota activists. Minnesota and its two largest cities, Minneapolis and St. Paul, have also sued the Trump administration, making similar arguments that the federal officers are violating the constitutional rights of Twin Cities residents.

      The Minnesota National Guard was assisting local police at the direction of Gov. Tim Walz, officials said. Guard troops were sent to both the shooting site and a federal building where officers have squared off with demonstrators daily.

      Information about what led up to the shooting was limited, Police Chief Brian O'Hara said.

      Department of Homeland Security spokesperson Tricia McLaughlin said in a statement that federal officers were conducting an operation and fired “defensive shots” after a man with a handgun approached them and “violently resisted” when they tried to disarm him.

      In bystander videos of the shooting that emerged soon after, Pretti is seen with a phone in his hand, but none appear to show him with a visible weapon.

      O'Hara said police believe he was a “lawful gun owner with a permit to carry.” DHS Secretary Kristi Noem said during a news conference that Pretti had shown up to “impede a law enforcement operation.” She questioned why he was armed but did not offer details about whether Pretti drew the weapon or brandished it at officers.

      The officer who shot him is an eight-year Border Patrol veteran, federal officials said.

      Trump blames Democrats -------------------------------- The president weighed in on social media by lashing out at Walz and the Minneapolis mayor.

      He shared images of the gun that immigration officials said was recovered and said, “What is that all about? Where are the local Police? Why weren't they allowed to protect ICE Officers?” Trump, a Republican, said the Democratic governor and mayor are “inciting Insurrection, with their pompous, dangerous, and arrogant rhetoric.” Rep. Alexandria Ocasio-Cortez of New York was among several Democratic lawmakers demanding that federal immigration authorities leave Minnesota. She also urged Democrats to refuse to vote to fund US Immigration and Customs Enforcement, saying via social media: “We have a responsibility to protect Americans from tyranny.” Senate Democratic Leader Chuck Schumer later said that Democrats will not vote for a spending package that includes money for DHS, which oversees ICE. Schumer's statement increases the possibility that the government could partially shut down Jan. 30 when funding runs out.

      Pretti was shot just over a mile from where an ICE officer killed 37-year-old Renee Good on Jan. 7, sparking widespread protests.

      Pretti's family released a statement Saturday evening saying they are “heartbroken but also very angry” and calling him a kindhearted soul who wanted to make a difference in the world through his work as a nurse.

      “The sickening lies told about our son by the administration are reprehensible and disgusting. Alex is clearly not holding a gun when attacked by Trump's murdering and cowardly ICE thugs. He has his phone in his right hand, and his empty left hand is raised above his head while trying to protect the woman ICE just pushed down, all while being pepper-sprayed," the family statement said. “Please get the truth out about our son. He was a good man.” The video shows officers and the man who was shot ------------------------------------------------------------- In a bystander video obtained by The Associated Press, protesters are heard blowing whistles and shouting profanities at federal officers on Nicollet Avenue.

      An officer shoves a person who is wearing a brown jacket, skirt and black tights and carrying a water bottle. That person reaches out for a man, and the two link up, embracing. The man, wearing a brown jacket and a black hat, seems to be holding his phone up toward the officer.

      The same officer shoves the man in his chest, and the two, still embracing, fall back.

      The video shifts to a different part of the street and then comes back to the two individuals unlinking from each other. It shifts focus again and then shows three officers surrounding the man.

      Soon, at least seven officers surround him. One is on his back, and another, who appears to have a canister in his hand, strikes a blow to his chest. Several officers try to bring the man's arms behind his back as he appears to resist. As they pull his arms, his face is briefly visible. The officer with the canister strikes him near his head several times.

      A shot rings out, but with officers surrounding the man, it's not clear where it came from. Multiple officers back off. More shots are heard. Officers back away, and the man lies motionless on the street.

      The police chief appealed for calm, both from the public and from federal law enforcement.

      “Our demand today is for those federal agencies that are operating in our city to do so with the same discipline, humanity and integrity that effective law enforcement in this country demands,” the chief said. “We urge everyone to remain peaceful." Gregory Bovino of US Border Patrol, who has commanded the administration's big-city immigration campaign, said the officer who shot the man had extensive training as a range safety officer and in using less-lethal force.

      “This is only the latest attack on law enforcement. Across the country, the men and women of DHS have been attacked, shot at,” he said.

      Walz said he had no confidence in federal officials and that the state would lead the investigation into the shooting.

      But Drew Evans, superintendent of the Minnesota Bureau of Criminal Apprehension, said during a news conference that federal officers blocked his agency from the scene even after it obtained a signed judicial warrant.

      Protests continue ----------------------- Demonstrations broke out in several cities across the country, including New York, Washington and Los Angeles.

      In Minneapolis, protesters converged at the scene of the shooting despite dangerously cold weather — by the afternoon, the worst of an extreme cold wave was over, but the temperature was still -6 degrees Fahrenheit (-21 degrees Celsius).

      An angry crowd gathered after the shooting and screamed profanities at federal officers, calling them “cowards” and telling them to go home. One officer responded mockingly as he walked away, telling them: “Boo hoo.” Agents elsewhere shoved a yelling protester into a car. Protesters dragged garbage dumpsters from alleyways to block streets, and people chanted “ICE out now” and “Observing ICE is not a crime.” As dark fell, hundreds of people mourned quietly by a growing memorial at the site of the shooting. Some carried signs saying “Justice for Alex Pretti.” Others chanted Pretti's and Good's names. A doughnut shop and a clothing store nearby stayed open, offering protesters a warm place as well as water, coffee and snacks.

      Caleb Spike said he came from a nearby suburb to show his support and his frustration. “It feels like every day something crazier happens,” he said. “What's happening in our community is wrong, it's sickening, it's disgusting.” (AP) SKS SKS

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