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    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
    Global gold demand flat at 1,269 tonnes in June quarter, says WGC
    MCD to launch 5-year PPP policy to modernise school stadiums, offer free sports coaching
    Piramal Pharma Limited Announces Results for Q1 FY27
    Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
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    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
    July 30, 2026
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
    IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
    July 30, 2026
    Show AI Summary
    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
    July 30, 2026
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
    The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
    July 30, 2026
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.

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      Milan Cortina Olympics officially open with multi-site ceremony for spread-out Winter Games

      February 7, 2026

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      Milan, Feb 7 (AP) Featuring tributes to da Vinci and Dante, Puccini and Pausini, Armani and Fellini, pasta and vino, and other iconic tastes of Italian culture -- plus Mariah Carey hitting all the high notes in "Nel Blu Dipinto Di Blu" aka "Volare" -- an unprecedented four-site, dual-cauldron opening ceremony got the Milan Cortina Olympics officially started on Friday.

      Allowing athletes to participate in the Parade of Nations at the mountain locales for the most spread-out Winter Games in history created what perhaps was an unintended consequence: Zero competitors from any of the first five countries announced actually showed up at the main hub, Milan's San Siro soccer stadium.

      While signs bearing the names of Greece -- which always leads the procession as the birthplace of the Olympics -- Albania, Andorra, Saudi Arabia and Argentina were carried into the home of Serie A soccer titans AC Milan and Inter Milan, there were no athletes from those places around. Instead, they were participating at simultaneous festivities held at Cortina d'Ampezzo in the heart of the Dolomites, Livigno in the Alps, and Predazzo in the autonomous province of Trento.

      The first country with athletes at San Siro was Armenia -- and their entrance drew raucous cheers from a crowd filled with 61,000 ticket-holders plus others.

      Later, a smattering of boos met Israel's four representatives at the Milan ceremony. There have been some calls for Israel to be banned from the Olympics over the war in Gaza, which began with Hamas' deadly attack in October 2023.

      And while athletes from the US were cheered when they appeared, Vice President J D Vance was jeered when he was shown briefly on the arena's video boards from his spot in the tribune. Support for the United States among its allies has been eroding as the Trump administration has taken an aggressive posture on foreign policy, including punishing tariffs, military action in Venezuela and threats to invade Greenland.

      The contingent from Venezuela got a big backing when entering. So did that from Ukraine, where a war continues four years after Russia invaded.

      The ceremony's organisers have said they sought to convey themes of harmony and peace, seeking to represent the city-mountain dichotomy of the particularly unusual setup for these Olympics while also trying to appeal to a sense of unity at a time of global tensions. South African actor Charlize Theron and Italian rapper Ghali delivered messages of peace toward the end of the night.

      "I hope the opening ceremony is seen by everyone as an opportunity to be respectful," new International Olympic Committee President Kirsty Coventry said when asked this week about possible crowd reactions.

      The loudest greeting was reserved, naturally, for host Italy, which walked in last, to an electronic version of "The Barber of Seville." The ceremony was already nearly three hours old -- and not yet done -- by the time Italian President Sergio Mattarella officially declared the Milan Cortina Games open following a speech by Coventry, the first woman to lead the IOC.

      "Thank you for believing in the magic of the Olympic Games," she said, then several minutes later made sure to make mention of the "media rights holders" who pay to broadcast the event.

      Soon, tenor Andrea Bocelli's voice was belting out Puccini's "Nessun Dorma" and its closing refrain of "Vincerò," Italian for "I will win!" As he concluded, torch bearers headed out of the arena to light a cauldron at the Arch of Peace, 4 kilometres from San Siro.

      One symbol of how far-flung things are at these Olympics: Instead of the usual one cauldron that is lit and burns throughout the Games, there were going to be two, both intended as an homage to Leonardo da Vinci's geometric studies. The other is 400 kilometres away in Cortina.

      The people given the honour of lighting both was a closely guarded secret, as is usually the case at any Olympics. At the 2006 Turin Games, it was Italian cross-country skier Stefania Belmondo.

      The full collection of competition venues for the next two-plus weeks dot an area of more than 22,000 square kilometres, roughly the size of the entire state of New Jersey. The multi-city ceremony format on Friday allowed up-in-the-mountains sports such as Alpine skiing, bobsled, curling and snowboarding to be represented without requiring folks to make the several-hours-long trek to Milan.

      It did not exactly feel like a Winter Games in the country's financial capital, where the temperature was a tad below 10 degrees Celsius, and the sky was a crisp, clear azure all afternoon Friday. Not a trace of clouds, let alone snow.

      As Italy welcomed the world by displaying symbols of its heritage, the show produced by Olympic ceremony veteran Marco Balich began with dancers from the academy of the famed Milan opera house Teatro alla Scala reimagining 18th-century sculptor Antonio Canova's marble works.

      People wearing oversized, mascot-style heads representing opera composers Giacomo Puccini, Gioachino Rossini and Giuseppe Verdi appeared on the central stage, before giant paint tubes floated above and dropped silk of red, blue and yellow -- the primary colours -- before an early parade of various-colour-wearing characters arrived in the stadium. They represented music and art, literature and architecture, appreciations for beauty and history and, above all, "La Dolce Vita" (loosely, Italian for "The Good Life" and the name of a 1960 film by Federico Fellini).

      There were references to ancient Rome, the Renaissance, the Venice Carnival and the country's noted traditions in various areas such as cuisine and literature, such as "Pinocchio" and Dante's "Inferno." A runway walk showcased outfits -- created by the late fashion designer Giorgio Armani, who died last year at 91 -- in the colours of Italy's flag: red, green and white. And balladeer Laura Pausini sang Italy's national anthem.

      Carey got loud cheers in Milan as she sang in Italian. In Cortina, hundreds of fans sang along with her, and a roar emerged when they realised she was performing the song with the "Volare" refrain.

      Another local touch: Italian actress Sabrina Impacciatore, of "White Lotus" fame, led a segment that took viewers through a century of past Olympics, with examples of evolving equipment, sportswear and music. And actress and comedian Brenda Lodigiani demonstrated the popular Italian hand gestures often used to communicate in place of words. (AP) RUK RUK

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