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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 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
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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
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    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
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    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
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    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
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    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
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    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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      Tanishq Strengthens Global Luxury Presence with Fourth Showcase Unveiling Desert Diamonds at Paris Couture Week, in Collaboration with Rahul Mishra

      January 29, 2026

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      Desert Diamonds, the latest collection by Tanishq is a blend of brilliant natural diamonds and craftsmanship in every detail Bangalore, Karnataka, India (NewsVoir) Tanishq, India’s largest jewellery brand from the House of Tata, cemented its global presence with its fourth showcase at Paris Couture Week 2026, marking a defining milestone in its global luxury journey and reinforcing its position as a design-led, globally aspirational jewellery maison. Continuing its celebrated collaboration with internationally acclaimed couturier Rahul Mishra, Tanishq returned to the world’s most prestigious fashion platform, unveiling an exceptional high-jewellery presentation centred exclusively on its evocative Desert diamonds collection. Choosing a diamond born of the desert, is choosing something truly unique - a fragment of the earth’s history that captures the hues of the land where they are found.

      Building on its continued presence at Paris Couture Week since 2023, Tanishq’s exclusive collection of Desert diamonds, placed the spotlight firmly on the origin of natural diamonds. Formed in the depths of the earth over millennia, Desert diamonds carry the spirit of the land - connecting each stone back to wild desert landscapes. A spectrum of natural colours, with diamonds ranging from warm whites and honey tones through to whiskey and sunset browns form a palette that’s both rare and unmistakable. Prized for their individuality, subtle tonal variations, and depth of character, these stones are considered connoisseur diamonds—markers of rarity, quiet power, and refined self-expression.

      Rahul Mishra’s Spring 2026 collection, Alchemy, showcased at Paris Couture Week, draws inspiration from the cosmic and elemental origins of life, interpreting the continuity of matter and the transience of existence. It begins at the ether (akasha), the cosmic vastness, the eternal silence; which is not nothingness, but intelligible potential. The impression of air (vayu), its lightness, movement and enormous strength, traced into fabric through instinct and memory. Fire (agni) is the transformational force, like a contemplation. Shapeless by nature, but gives form to anything it touches. Water, (apas) obedient to gravity yet constantly in motion, a mirror to the moon and the world around it, yet humbly adapting to each vessel it inhabits. And Earth, the eternity’s ledger of memories. Shaped from the interactions between the other forms, it is a vessel retaining their traces and textures, the force of resilience and tenderness. Rooted in the interplay of air, fire, water, earth, and space, the collection reflects how these classical elements interact and transform—mirroring the patient formation of diamonds over billions of years. Through texture, scale, and movement, Mishra’s couture translates these unseen forces into a poetic narrative, where design echoes nature’s rhythms, elemental harmony, and timeless cycles of transformation. This philosophy celebrates creation as a process shaped by time, balance, and quiet resilience—values intrinsic to both couture and natural diamonds.

      The jewellery showcased in Paris highlighted how Tanishq’s Desert diamonds bring these natural elements to life, perfectly mirroring the vision of Rahul Mishra. Each rare, naturally coloured diamond was crafted into bold, sculptural silhouettes that celebrate both strength and subtlety, reflecting the desert’s timeless landscapes and the slow, meticulous artistry of its formation. Following their successful launch in the USA, Tanishq now introduces these exceptionally rare diamonds to India, offering connoisseurs and jewellery enthusiasts an opportunity to experience natural diamonds of extraordinary provenance, individuality, and elegance. With scale, form, and thoughtful settings designed to let each stone’s brilliance shine, these creations are conceived as wearable art, elevating high jewellery on one of the world’s most prestigious fashion platforms.

      Every creation showcased in Paris was the result of extensive design ideation, hundreds of artisanal man-hours, intricate settings, and uncompromising attention to detail—a testament to Indian artistry that stands confidently among the world’s finest. With its fourth appearance at Paris Couture Week, Tanishq continues to strengthen its position as a globally aspirational luxury jewellery brand, engaging with the world’s leading maisons on an international stage. The Desert diamonds collection provides a new perspective - a sense of freshness and innovation in natural diamonds and was crafted in collaboration with De Beers Group, the world’s leading diamond company.

      Speaking on Tanishq’s continued presence at Paris Couture Week, Pelki Tshering, Chief Marketing Officer, Tanishq, said, “Paris Couture Week is where design speaks without borders. For Tanishq, returning for the fourth time reflects our belief that Indian jewellery can engage the world through a shared language of design, rarity, and expression. With Desert diamonds, created in partnership with De Beers, we are presenting a story shaped by nature and refined through design—one that feels both deeply rooted and globally relevant. Our collaboration with Rahul Mishra allows us to translate this vision onto one of fashion’s most influential stages, reinforcing our commitment to creating distinctive natural diamond jewellery that resonates with a new generation of global connoisseurs.” Speaking on the collaboration and the association with Paris Couture Week, Garima Maheshwari, Head of Design, Tanishq, said, “Paris Couture Week represents the pinnacle of global luxury and creative expression. Our third presentation with Rahul Mishra marks a deeper creative dialogue between couture and high jewellery, where fashion and craftsmanship move together seamlessly. With Desert Diamonds, we showcased rare natural diamonds shaped by ancient desert landscapes, interpreted through bold, sculptural forms that echoed Rahul Mishra’s nature-inspired silhouettes. The collection’s natural hues—ranging from luminous whites to warm champagnes and deep ochres—were highlighted through intricate settings and meticulous detailing. Each creation was conceived as wearable art, reinforcing our shared commitment to authenticity, rarity, and presenting Indian high jewellery with confidence on a global couture stage.” Speaking on the launch of Dessert Diamonds in India, Shweta Harit, Global Senior Vice President, De Beers, said, “De Beers has now been a long-standing partner of Tanishq, and together we share a vision of bringing the world’s finest natural diamonds to discerning audiences in India. Desert diamonds exemplify this collaboration, each stone is part of a unique origin concept, showcasing the rarity, individuality, and natural beauty that only nature can create. With Desert diamonds, the ancient sands of time meet today’s desire for authentic beauty. Having already launched these exceptional diamonds in the USA, Tanishq is now bringing Desert diamonds to India, unveiling them on the global stage at Paris Couture Week and reinforcing our shared commitment to authenticity and craftsmanship.” Rahul Mishra, Founder and Creative Director, said, “This collaboration with Tanishq is a meeting of philosophies shaped by time, nature, and human hands, and I am honoured to join hands with the legacy and trust created by them. Desert diamonds, formed over billions of years, resonate deeply with my couture collection Alchemy, which explores the elemental forces that bind creation and transformation. Presenting this dialogue at Paris Haute Couture Week allows us to honour rarity, not just in materials, but in thought, process, and craftsmanship. Together, we are telling a story where Indian artistry evolves naturally onto a global stage, rooted in heritage yet expressed through contemporary design.” About Tanishq Tanishq, India’s largest jewellery brand from the Tata Group, is synonymous with superior craftsmanship, distinctive design, and uncompromising quality. With a deep understanding of the modern consumer, Tanishq creates jewellery that seamlessly blends heritage with contemporary expression. Reinforcing its commitment to transparency and trust, all Tanishq stores are equipped with the Karatmeter. Today, the brand has a presence across 500+ exclusive boutiques in over 300 cities, alongside a growing global footprint.

      About Rahul Mishra Rahul Mishra, the first Indian designer to be invited to showcase at the Paris Haute Couture Week was also the winner of International Woolmark Prize in 2014. He was conferred the insignia of 'Chevalier de Ordre des Arts et des Lettres by the French government in November 2023.

      Rooted in the philosophy of sustainability, his work reimagines fashion as an agent of social change—fostering participation and uplifting India’s artisan communities. Through his couture house and prêt-à-porter label, AFEW Rahul Mishra, he envisions luxury not merely as consumption, but as a celebration of collective craftsmanship.

      Described by Suzy Menkes as a “national treasure” and praised by the late Franca Sozzani for “highlighting the best and most peculiar features of his homeland,” Rahul’s creations resonate across cultures. With six flagship stores in India and a growing global presence, his brand embodies ‘mindful luxury,’ where purpose guides process and each garment becomes a living narrative of human hands and heritage.

      About De Beers Group Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers London and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair.

      De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach to sustainability that underpins our efforts to create meaningful impact for the people and places where our diamonds are discovered. Building Forever focuses on three key areas where, through collaborations and partnerships around the globe, we have an enhanced ability to drive positive impact; Livelihoods, Climate and Nature. De Beers Group is a member of the Anglo American plc group.

      For further information, visit www.debeersgroup.com.

      (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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