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    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    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
    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
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    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    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
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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
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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
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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.

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      Rado True Round x Les Couleurs® Le Corbusier® Special Edition

      February 6, 2026

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      Celebrating the bold vision of a master of modernism New Delhi, Delhi, India (NewsVoir) Disruptive, captivating, iconic. Three words that characterise the work of Le Corbusier, the Swiss-born design visionary, whose unique and striking approach to architecture has been captured in a new collection of special-edition Rado timepieces - which may also be described by those same three words.

      The new releases are the latest output in a long-running collaboration between Rado and Les Couleurs Suisse®. For Rado, known as the Master of Materials, Le Corbusier’s bold designs and use of modern materials and statement colours strike a chord with its own approach to watchmaking and appetite for innovation. So far, the partnership has seen the release of 12 Rado watches, which focused on deploying contribution to modern architecture - which set the tone for the then-emergent Brutalist style - with each watch referencing one of his most epic projects.

      Minimalist elegance The first watch pays tribute to La Cité Radieuse, a vast, concrete apartment building in Marseille, France, completed in 1952, and which reimagined modern urban living. This special edition features an abstract inspiration of the building’s rough-cast, board-formed concrete, known as béton-brut, laser engraved in its high-tech ceramic dial. This offers a highly intricate interpretation of the concrete’s innate texture, with each minute detail intriguingly reflecting the light.

      Each watch in the series combines four shades from the Polychromie Architectural. First introduced in 1931, and extended in 1959, the palette was identified by the great designer as being eminently architectural, naturally harmonious and able to be combined in any way.

      This first watch is presented in Ivory White, reference 4320B, across its monobloc high-tech ceramic case and matching crown and bracelet, telling a story of pure, minimalist elegance. It is the first time that this specific colour has been deployed in high-tech ceramic. It’s worth remembering that the colour runs right through the material – the final hue is not just a coating or finish, but acquired during sintering, when it is heated to 1,450°C. Faithfully recreating an exact shade with this complex methodology is no small thing and took Rado’s experts years to perfect. This timepiece is complemented by hands in Lucent Sky Blue (32021), Luminous Ultramarine Blue (32020) and Light Ultramarine Blue (32023).

      Monochromatic power The second watch honours the Carpenter Center for the Visual Arts, in Cambridge, Massachusetts, in the USA. In a region so closely associated with American history, the Center’s bold aesthetic was a stark contrast against the leafy squares and Georgian architecture of Harvard University. As the only building Le Corbusier designed in North America – and one of his last, completed in 1963 – it is part of the nation’s cultural heritage.

      An abstract evocation of its moulded concrete facade features in the dial of this special edition, similarly laser engraved in high-tech ceramic. Showcased in Iron Grey – specifically 32010 from the Polychromie Architectural – the piece conveys the monochromatic power of raw concrete, a material which allowed for the more disruptive, sculptural forms so associated with Le Corbusier. The watch’s lacquered hands offer a dramatic juxtaposition against the dial, in three additional colours from his palette: Cream White (32001), Powerful Orange (4320S) and Slightly Greyed English Green (32041).

      Monumental design The final watch in the series celebrates Le Corbusier’s capacity to conceptualise ideas on a truly epic scale through his visionary plan for Chandigarh, India. Conceived as a completely new capital for Punjab, he imagined a more rational, efficient city with a geometric ‘grid’ layout, shared principles for architectural design, and nature carefully integrated – a design legacy that would shape urban planning throughout the rest of the 20th century.

      This special edition includes a dial design inspired by detail from the Palace of Assembly, one of three public buildings known as the Capitol Complex, completed in 1962. An abstract inspiration of a section of this monumental building’s facade is laser engraved in the dial, within a darker palette still. Here, the high-tech ceramic monobloc case, crown and bracelet appear in Ivory Black - 4320E from the Polychromie Architectural – accompanied by lacquered hands in Powerful Orange (4320S), Emerald Green (4320G) and Olive Green (4320F).

      Sensuous and scratch-proof The reverse of all three watches features 63 digitally printed colour strips - representing the full spectrum of the Polychromie Architectural. They encircle the view of the Rado calibre R763 automatic movement within, which can be seen through a flat sapphire crystal that features the logo of Le Corbusier at its centre. The colour strips also decorate the presentation box each watch is supplied in.

      On the wrist, the watch’s high-tech ceramic construction feels impossibly light and beautifully comfortable – the material quickly matches body temperature – while the material’s sensuous qualities are magnetically alluring. The almost scratch-proof characteristics of high-tech ceramic lend it unrivalled durability, just like Le Corbusier’s beloved concrete, while the Rado calibre R763 automatic movement’s 80-hour power reserve – and waterresistance to 5 bar (50 metres) – give it astonishing practicality.

      This architecturally inspired collection, pairing the father of modernism with the watchmaking vision of Rado, Master of Materials, represents a poignant new chapter in the story of Swiss design.

      Rado x Design Creativity is the lifeblood of Rado and has long been a part of the brand’s identity. Over the years, it has been involved in more than thirty collaborations with some of the world’s most visionary artists and designers, including luminaries such as Le Corbusier. Each project serves to open Rado to new horizons. Accordingly, its passion for design shares pride of place with the brand’s unending mission to discover and develop innovative materials, and is at the core of the brand’s identity, expressed as ‘Design You Can Feel’.

      About Le Corbusier Born Charles-Édouard Jeanneret in 1887, in the Swiss watch capital La Chaux-de-Fonds, Le Corbusier adopted his famous pseudonym in 1920, reflecting his own belief in reinvention and a trend for artists at the time to be known by a single name. That spark of maverick originality runs through the full gamut of his output, which included urban planning, furniture design, painting and writing. While he also enjoyed an earlier career as a watch engraver, it is arguably his architectural legacy that cemented his reputation as a pioneer – indeed as the ’father’ of modern architecture – with many of his disruptive, captivating designs still celebrated today.

      About the collaboration Today Les Couleurs Suisse® is exclusively mandated by the Fondation Le Corbusier to license the great designer’s original palette of architectural colours, the Polychromy Architectural (www.lescouleurs.ch/en/thecolours/le-corbusier). This dynamic colour system with a total of 63 colours, developed by the father of modernism and international design and style in 1931 and 1959, is to this day considered the ultimate system for colouring architecture and interiors. As both Rado and Corbusier are considered masters of materials, it makes sense that Rado has introduced Corbusier’s colours in high-tech ceramic.

      Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27049012 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Ivory White 4320B high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50m) Dial Ivory White 4320B high-tech ceramic Laser-engraved abstraction of a concrete surface found at La Cité Radieuse, Marseille, France Hands Lucent Sky Blue 32021 hour hand Luminous Ultramarine Blue 32020 minute hand Light Ultramarine Blue 32023 second hand Bracelet Matt Ivory White 4320B high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27048162 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Iron Grey 32010 high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50m) Dial Iron Grey 32010 high-tech ceramic Laser-engraved abstraction of a concrete surface found at the Carpenter Center for the Visual Arts, Cambridge, Massachusetts, USA Hands Cream White 32001 lacquered hour hand Powerful Orange 4320S lacquered minute hand Slightly Greyed English Green 32041 lacquered second hand Bracelet Matt Iron Grey 32010 high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27111162 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Ivory Black 4320E high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50 metres) Dial Ivory Black 4320E high-tech ceramic Laser-engraved abstraction of a concrete surface found at the Palace of Assembly, Chandigarh, India Hands Powerful Orange 4320S lacquered hour hand Emerald Green 4320G lacquered minute hand Olive Green 4320F lacquered second hand Bracelet Ivory Black 4320E high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) (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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