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    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
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    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
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    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
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    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Top 5 Favourites to Win the Player of the 2026 ICC T20 World Cup ft. Pathum Nissanka, Hardik Pandya, Mitchell Marsh, and More

      February 6, 2026

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      Hardik Pandya pushed India over the line in the 2024 ICC T20 World Cup Final Delhi, India (NewsVoir) The 2026 ICC T20 World Cup is less than a fortnight away, and the build-up to the T20 extravaganza is heating up as most of the teams are already playing or are set to play in bilateral T20I series to perfect their preparations for the tenth edition of the ICC T20 World Cup.

      The tenth edition of the T20 World Cup would mark a new leaf in the history of the tournament, as this will be the first edition which would not be marked by the presence of former Indian skipper Rohit Sharma or former Bangladesh skipper Shakib al Hasan.

      Veterans like David Warner and Virat Kohli have played some memorable performances in the recent editions of the marquee tournament, but will not appear in the 2026 edition. This year could mark the rise of new legends in T20Is with the likes of Suryakumar Yadav, Aiden Markram, Harry Brook, and Mitchell Marsh vying to win their first ICC tournament as the skipper of their respective nations.

      While batters have majorly ruled the roost in terms of winning the Player of the Tournament accolade at the previous T20 World Cups, the last edition witnessed Jasprit Bumrah bagging the individual accolade after a thoroughly impressive performance, helping India end their 17-year wait for the ICC T20 World Cup trophy.

      Let’s have a look at the top four favorites to win the Player of the Tournament award at the 2026 edition of the ICC T20 World Cup: #5 Marco Jansen (South Africa) Marco Jansen will have to contribute as a genuine all-rounder in the 2026 ICC T20 World Cup Marco Jansen has emerged as one of the best all-rounders in T20 cricket over the last couple of years, as his power-hitting abilities have consistently improved, and the lanky all-rounder now stands as the firm favorite to play at No.7 or No.8 for the Proteas.

      Placed alongside New Zealand and Afghanistan in Group D, South Africa would have an unenviable task of being at their best from the word ‘go’, which could prove to be tough, as showcased in their 3-1 loss to India in a recent bilateral series in similar conditions.

      Jansen showcased his power-hitting in the dead rubber of the series, smashing two boundaries and three maximums in 12 deliveries and also bowled a brilliant spell of 2/25 in four overs in the only match Markram’s men won in the tournament.

      #4 Mitchell Marsh (Australia) The Australian skipper has proven to be a powerhouse for Lucknow Supergiants, and despite the fact that Supergiants struggled in the 2025 edition of the Indian Premier League season, Marsh ended up in the Top 5 of the Orange Cap race with 627 runs in 13 innings at a strike rate of 163.71.

      After winning the 2021 ICC T20 World Cup, Australia has suffered two consecutive disappointing campaigns in the tournament, and both campaigns hurt the Kangaroos in different ways. While the loss in the 2022 edition at home would have arguably hurt them the most, the fact that they were eliminated by dark horses Afghanistan from the last edition would have stung even more for the fans down under.

      A product of Western Australian cricket, Marsh is one of the three Australian batters to feature in the Top 11 of the ICC T20I Men’s Batter rankings, alongside Travis Head and Tim David. The opening batter is well-versed with pitches in Mumbai, Ahmedabad, and Chennai, which could benefit the 2021 ICC T20 World Cup champions in the Super Eight stage.

      #3 Mohammad Nabi (Afghanistan) Veteran all-rounder Mohammad Nabi would be a key figure in the middle-order for Afghanistan alongside Azmatullah Omarzai and Rashid Khan. Over the years, Nabi has proven his mettle by finishing several matches for the Afghan Atalans and has a career strike rate of 136.59, which further improves to 165.5 when we narrow his T20I record to matches played in India.

      Along with his power-packed variety of batting shots, the 41-year old is a wily spinner who can spin webs around the opposition teams, especially on spin-friendly pitches in Chennai and Colombo.

      Afghanistan will open their group stage campaign and end it at the M.A.Chidambaram Stadium in Chennai, and their tournament opener against New Zealand could prove to be crucial for their 2026 ICC T20 World Cup chances.

      Nabi would be expected to support the spin trio of Mujeeb Ur Rahman, skipper Rashid, and Noor Ahmad while Fazalhaq Farooqi and Omarzai take care of the seam bowling duties. Afghanistan have a strong chance of making it to the semi-finals yet again if they play their cards right with Ibrahim Zadran and Darwish Rasooli in top form at the top of the order.

      #2 Pathum Nissanka (Sri Lanka) Pathum Nissanka has been the shining light for Sri Lanka’s flailing batting order in the last couple of years. While the youngster started his career with timid strike rates in T20Is, Nissanka’s consistency and improvement in the last couple of years have been rewarded by a bidding war between Delhi Capitals and Kolkata Knight Riders at the 2026 IPL mini-auctionw which ended with the Capitals shelling out INR 4 Crores to sign the Lankan batter.

      Over the last couple of years, the 27-year old has bulked up, gained more power, and opened his shot selection to more options, thus improving his strike rate to 138.53 in 2024 and 149.16 in 2025, which included a century against India in the 2025 Asia Cup. The opening batter stuck to his guns in a chase of 203 runs, scoring 107 runs off 58 balls, smashing 7 fours and 6 maximums, helping Sri Lanka take the dead rubber encounter to a Super Over battle.

      The 2014 T20 World Cup champions endured a tough time in the last few editions, even failing to get out of the group stage in the 2024 edition of the tournament, finishing in third place behind Bangladesh. The Lankan Lions would be relying on the brilliance of Nissanka and Wanindu Hasaranga in home conditions, which would provide some much-needed familiarity to the players.

      #1 Hardik Pandya (India) The defending champions are packed with a plethora of match winners, with Hardik Pandya the most proven all-round option and the senior-most player of the team in terms of appearances for the national team.

      The Mumbai Indians skipper would be playing under the leadership of his franchise colleague Suryakumar Yadav, which could prove to be a blessing in disguise, as Pandya would be freed of the captaincy responsibilities and can fully focus on opening the bowling for the Men in Blue alongside Arshdeep Singh or providing the finishing touches with the willow in his hand.

      Amidst a patchy injury record, the No.4-ranked all-rounder in the ICC T20I rankings has been completely focused on perfecting his preparations for the upcoming T20 World Cup, as the 32-year old sat out of the ODI series against New Zealand.

      Since the start of 2024, Pandya has taken a wicket in almost every three overs in T20Is, and his career batting strike rate of 143.65 is improving further as Pandya has recorded strike rates of 150+ in the previous two calendar years.

      Contributed By- Mohak Arora, Parimatch Sports analytics expert (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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