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    Rupee falls 11 paise to close at 95.28 against US dollar on firm crude oil prices
    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
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August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
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Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
August 8, 2026
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Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
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Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
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Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
August 8, 2026
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Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
August 8, 2026
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Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.

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Customs & Trade

SIAL Shanghai 2026 Opens Registration: Most Innovative Foods Boom at Asia's No. 1 Food Trade Fair

February 4, 2026

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SHANGHAI, Feb. 4, 2026 /PRNewswire/ -- As inflation, supply-chain shifts, and sustainability demands reshape global food markets, innovation has become the core driver of growth. McKinsey and Euromonitor report that over 70% of new F&B growth now comes from innovation-led categories, with 60% of consumers seeking healthier and more sustainable products. Visitor registration for SIAL Shanghai 2026 is now officially open. [Get Your Free Ticket Here!] This structural shift explains why SIAL Shanghai 2026, returning 18–20 May 2026 at the Shanghai New International Expo Centre (SNIEC), has become Asia's most dynamic food innovation marketplace — and increasingly, the world's most efficient platform for discovering what will sell next.

Spanning 200,000 sqm across 17 halls, SIAL Shanghai 2026 will host 5,000+ exhibitors from 75+ countries and regions and welcome 180,000+ professionals from 125+ countries and regions, making it the largest concentration of export-ready food, beverage, ingredient, and packaging suppliers in Asia.

But beyond scale, SIAL's relevance today lies in its ability to translate innovation into commercial outcomes — turning product discovery into contracts in one of the world's fastest-changing consumer markets.

Food Innovation Is Accelerating — And SIAL Shanghai Is Where It Commercializes The global food industry is undergoing its fastest transformation in decades. The World Economic Forum reports that alternative proteins, functional nutrition, smart packaging, and AI-enabled food production are among the top growth drivers shaping global trade. Meanwhile, Deloitte shows that 72% of global food buyers prioritize innovation over price when selecting new suppliers, reflecting a shift from cost-driven procurement to value-driven sourcing.

This is precisely where SIAL Shanghai has established its leadership.

In 2026, the show will showcase more than 350,000 market-ready products, including nearly 10,000 new product launches — a new record. From plant-based proteins and premium dairy to functional beverages, frozen food, snacks, bakery, and AI-powered ingredients, SIAL Shanghai offers buyers early access to products designed for immediate commercialization, not concept-stage experimentation.

At the heart of this innovation ecosystem is SIAL Innovation, the show's flagship platform spotlighting breakthrough products and next-generation packaging solutions — from recyclable mono-material packaging and smart labeling to shelf-life optimization and premium branding formats — enabling buyers to curate future-ready assortments before competitors do.

Global Supply Chains Are Rewiring — And SIAL Is Where They Reconnect Recent years have fundamentally reshaped global sourcing strategies. According to McKinsey, over 80% of multinational food companies have restructured their supply chains since 2020, prioritizing agility, resilience, and multi-origin sourcing over cost efficiency alone.

SIAL Shanghai reflects this shift in real time.

Manassen Foods Australia Pty Ltd, one of Australia's leading food brand groups, described its experience after the 2025 edition: "Visiting key manufacturing partners and attending SIAL Shanghai — one of Asia's largest and most forward-thinking food innovation expos — was a powerful reminder of how dynamic and interconnected today's supply chains truly are. From factory floors to expo halls, the focus was clear: innovation, agility, and partnership." That sentiment captures why SIAL Shanghai has evolved beyond a trade fair into a strategic sourcing ecosystem — where buyers no longer simply place orders, but redesign portfolios, de-risk supply chains, and identify next-growth categories.

18 Vertical Sectors, One End-to-End Innovation Engine Unlike traditional generalist trade fairs, SIAL Shanghai's 18 specialized vertical sectors enable precision sourcing across the full food ecosystem — from meat, seafood, dairy, snacks, frozen food, bakery, beverages, plant-based, organic & wellness, ingredients, and foodservice to emerging functional and premium categories.

Among the fastest-growing highlights is the 2nd edition of TuttoPizza International by SIAL, now Asia's leading professional platform for pizza, Italian food, and foodservice innovation. From flour and cheese suppliers to oven manufacturers, chefs, distributors, and global brands, TuttoPizza connects the entire value chain in one immersive environment.

As Nicolas Trentesaux, CEO of SIAL Network, notes: "Pizza is not just a product — it's a universal language." That philosophy extends across SIAL Shanghai's sector model: connecting culture, craftsmanship, innovation, and commerce at scale — allowing buyers to move seamlessly from discovery to supplier qualification and category development.

China's Market Is Evolving Faster Than Anywhere — And Buyers Must Be Here China's food consumption market continues to defy global slowdown trends. According to government and industry data, China's catering industry exceeded RMB 5.8 trillion (approx. USD 800 billion) in 2025, while food imports surpassed USD 127 billion, driven by strong demand in meat, seafood, dairy, fruits, beverages, and health-oriented categories.

Meanwhile, the rise of premiumization, functional nutrition, ready-to-eat formats, and sustainable packaging is reshaping buying criteria across retail, e-commerce, foodservice, and distribution channels.

SIAL Shanghai sits at the intersection of these shifts — providing global buyers direct access to Asia's fastest-moving consumption market, supported by: • Expanded visa-free entry policies for nearly 80 countries • World-class logistics and cold-chain infrastructure • One of the world's densest ecosystems of manufacturers, OEM/ODM suppliers, and ingredient innovators As global supply chains rebalance toward Asia, SIAL Shanghai has become the most efficient sourcing gateway into this evolving consumption landscape.

Smart Matchmaking Turns Discovery into Deals Speed is now the defining competitive advantage in food sourcing. According to Bain & Company, companies that reduce sourcing cycles by even 10–15% outperform competitors in margin growth.

SIAL Shanghai operationalizes this reality through its AI-powered MATCH ME system, enabling buyers to pre-select suppliers and schedule meetings before arrival. In the last edition, the platform facilitated 12,870+ pre-qualified matchmaking sessions, setting a global benchmark for sourcing efficiency.

Buyers gain direct access to: • Verified exporters and manufacturers • OEM/ODM suppliers • Brand owners and ingredient innovators Supporting private label development, regional distribution expansion, and rapid new market entry — all within three days.

Where Innovation Meets Commercial Scale Beyond the exhibition floor, SIAL Shanghai functions as Asia's most influential food intelligence platform, offering: • SIAL Innovation — spotlighting global product breakthroughs and future trends • The 8th SIAL Global Food Industry Summit, featuring 100+ global speakers on future food, AI, packaging innovation, and supply chain transformation • 20+ international events and competitions, including: SIAL Snacking Awards, Chic & Tea Contest, SIAL CUP Barista Challenge, Best STEAK Awards, La Cuisine, SIAL Chinese Restaurant and more.

Together, these platforms transform SIAL Shanghai from a marketplace into a trend engine, helping buyers anticipate consumer shifts before they reach mainstream shelves.

Why Food Professionals Must Attend SIAL Shanghai 2026 In an industry where: • Innovation cycles are shortening, • Consumer preferences are fragmenting, • Supply chains are restructuring, • And speed-to-market determines category leadership, SIAL Shanghai has become not just relevant — but essential.

It is where global innovation meets Asian consumption, where products move from prototype to purchase order, and where food professionals future-proof portfolios in real time.

Coming Next: SIAL Guangzhou 2026 — Your Gateway to South China Following SIAL Shanghai, SIAL Guangzhou 2026 will take place 3–5 September 2026 at the Guangzhou Poly World Trade Center Expo, offering the direct access to South China and the Greater Bay Area — one of Asia's most concentrated consumption, retail, and distribution hubs.

With 1,500+ exhibitors, 65,000+ professional buyers, and proximity to Guangzhou's wholesale markets, import clusters, and foodservice networks, SIAL Guangzhou delivers unmatched regional sourcing efficiency — making it the perfect complement to SIAL Shanghai for buyers seeking full China market coverage.

Contact: Daniel Tian [email protected] +86-15910366453 (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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