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    'Illegal' structures razed at properties of AIMIM leader accused of sheltering TCS case accused
    Govt raises import duty on gold, silver to 15 pc to curb non-essential imports
    Regulator AERA fixes Rs 490 UDF for departing domestic passengers at Noida airport
    Mundhwa land deal: Rs 21 crore penalty for Parth Pawar's firm upheld
    New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: Official
    Rupee sinks to fresh record low of 95.68 against US dollar
    Indian economy has shown resilience in times of global crisis: Union Minister of Commerce and Industry Shri Piyush Goyal at CII Annual Business Summit
    Maveric Systems announces strategic brand positioning focused on Engineering Trust in AI-First Banking
    ICAI to push for curbing foreign travel, other forex-saving ways among its members, officers
    Public Sector Banks (PSBs) record an all-time high net profit of ₹1.98 lakh crore in FY 2025–26, marking the fourth straight year of profitabi...
    Rupee falls to record low of 95.63 against US dollar
    West Asia crisis a balance of payments stress test, India better placed to navigate: Nageswaran
    India stocked with two months of fuel supply, but OMC losses could hit Rs 1 lakh cr: Puri
    UP: Suicide note, Aadhaar card on bridge triggers six-hour search, man later found at home
    India Hosts Kimberley Process Intersessional Meeting 2026 in Mumbai
    Jaipur gold traders fear demand slump after PM Narendra Modi’s call to avoid buying gold
    Welspun One signs LoI with Balmer Lawrie for warehousing space in Mumbai
    Prosperous States for a Prosperous India - Speech by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India, delivered at the ‘Columbia Indian Eco...
    Avoid destination weddings abroad, opt for online school classes: PM continues austerity push
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May 13, 2026
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Illegal constructions and municipal membership scrutiny follow notice, failed stay request and demolition at AIMIM corporator's properties.
Municipal action targeted alleged illegal constructions at the residence, office and shops of an AIMIM corporator after a notice called for a reply within 72 hours on the status of the properties. The corporator sought a stay, but no stay was granted, and the civic body proceeded with demolition under police protection while indicating that the property's fate could be decided if no satisfactory response was received. The matter was also linked to proposed action regarding the corporator's membership in the municipal body, subject to verification of property documents and alleged nondisclosure in the nomination process.
May 13, 2026
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Import duty on gold and silver raised to curb non-essential imports and conserve foreign exchange amid balance of payments stress.
Import duty on gold and silver was increased to 15 per cent by raising the social welfare surcharge and agriculture infrastructure and development cess, effective 13 May 2026. The measure was intended to curb non-essential imports of precious metals and conserve foreign exchange amid a rising import bill and balance of payments stress. It reversed the earlier reduction in customs duty on gold to 6 per cent and was aimed at moderating inbound shipments driven largely by the jewellery industry.
May 12, 2026
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User Development Fee fixed for Noida International Airport, with a Variable Tariff Plan allowed for early route expansion.
Airports tariff regulation for Noida International Airport fixed the User Development Fee for the 2026-27 period at Rs 490 for departing domestic passengers, Rs 980 for departing international passengers, Rs 210 for arriving domestic passengers and Rs 420 for arriving international passengers. A Variable Tariff Plan was also permitted, mainly for landing and parking charges, to encourage airlines to open new routes, increase flights and expand their network in the early operational years.
May 12, 2026
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Stamp duty exemption claim rejected, with recovery of deficit duty and penalty sustained on a high-value land sale deed.
Stamp duty exemption claims for a high-value land sale deed in Mundhwa were rejected, and the recovery of deficit duty and penalty was sustained after appellate review by the Maharashtra State Chief Controlling Revenue Authority. After issuance of show-cause notices and consideration of the company's written reply, the Collector of Stamps assessed duty liability at about Rs 21 crore, including duty under the Maharashtra Stamp Act and additional municipal levies. The authority held that the exemption claim was untenable and affirmed the earlier order directing payment of the stamp duty and penalty.
May 12, 2026
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Transparent income tax compliance gets a tech-driven push with simpler language, digital assistance and automated refund processing.
Income tax administration is being repositioned around a simplified, transparent and technology-driven compliance framework under the Income Tax Act, 2025, with emphasis on reducing litigation, improving voluntary compliance and aligning taxpayers and tax authorities through clearer language. The department is promoting digital assistance and taxpayer outreach through initiatives such as an AI-powered chatbot, educational FAQs and brochures, and printed guidance on exemptions and TDS in regional language.
May 12, 2026
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Rupee weakness amid global risk aversion, crude price surge and expectations of possible RBI support
The rupee fell to a fresh record low against the US dollar amid global risk aversion, stronger dollar trends and a sharp rise in Brent crude prices. Traders linked the weakness to concerns over India's trade deficit and balance-of-payments pressures if oil prices remain elevated, while noting that any RBI intervention could support the currency at lower levels. The report also notes foreign institutional selling and weakness in domestic equity markets.
May 12, 2026
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Export growth, self-reliance and quality manufacturing drive India's push toward higher competitiveness and global market expansion.
India's economic resilience, export performance and external-sector strength were highlighted alongside the need for greater efficiency, productivity, self-reliance and import reduction. Free trade agreements with developed economies were presented as tools to expand exports and attract investment, while artificial intelligence, robotics and quantum computing were described as force multipliers for competitiveness. The text also urged a shift from assembled to designed, engineered and manufactured goods, with non-negotiable quality, deeper localisation, stronger R&D and alignment with global standards.
May 12, 2026
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AI-first banking trust positioning emphasizes compliant by design transformation, core-system integration, and measurable operational outcomes.
Maveric Systems announced a new brand positioning, "Engineering Trust in AI-First Banking," for financial institutions shifting from digital-first to AI-first operating models. The positioning emphasizes embedding AI into core banking systems, applying fairness, explainability, reliability, privacy and regulatory compliance by design, and delivering measurable outcomes through a proprietary AI @ Scale framework, supported by platforms for quality intelligence, data integrity, customer intelligence and intelligent operations.
May 12, 2026
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Foreign-exchange conservation measures prompt ICAI to curb overseas travel and promote virtual meetings among members and officers.
ICAI proposed foreign-exchange saving measures for members, officers and families amid the West Asia conflict and higher oil prices. The institute said it would issue an advisory to curb foreign travel and encourage other ways of conserving foreign exchange, including using virtual meetings where possible. Foreign travel by office-bearers and officers would be restricted to cases of absolute necessity, and the measures would be implemented mandatorily within ICAI.
May 12, 2026
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Public Sector Banks show stronger asset quality, record profitability and healthier capital position amid broad-based credit growth.
Public Sector Banks recorded strong financial performance during FY 2025-26, marked by sustained business growth, improved asset quality, record profitability and a healthy capital position. Aggregate business, deposits and advances expanded sharply, with broad-based credit growth in the retail, agriculture and MSME segments. Asset quality improved significantly as gross and net NPA ratios fell to historically low levels, while provisioning coverage remained above 90% across all PSBs.
May 12, 2026
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Rupee depreciation under geopolitical as US-Iran tensions and surging crude prices pressure foreign exchange markets.
Rupee depreciation in the foreign exchange market was driven to a record closing low against the US dollar amid renewed US-Iran tensions, heightened global risk aversion, and concerns over tighter global supply conditions. Market sentiment was also affected by expectations that elevated crude prices could worsen India's trade deficit and balance-of-payments position, while the dollar remained firm against major currencies. Brent crude rose sharply, reinforcing fears of supply disruption and higher energy costs.
May 12, 2026
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Balance of payments stress test from West Asia crisis raises inflation, current account and rupee pressure for India.
West Asia crisis is described as a live balance of payments stress test for India, with direct implications for inflation, the current account and the exchange rate. Heavy dependence on imported crude, imported LPG and remittance inflows from Gulf countries makes India exposed to disruption in energy supplies and external earnings, while higher global crude prices are expected to enlarge the import bill, weaken foreign exchange reserves, widen the current account deficit and put pressure on the rupee.
May 12, 2026
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Fuel supply stability and under-recoveries shape India's energy response as the government weighs long-term conservation and storage reforms.
India's fuel supply remains stable despite global energy disruptions, with about two months of crude stock, LNG inventories and LPG reserves available and no immediate supply-side shortage reported. State-owned oil marketing companies continue to supply petrol, diesel and cooking gas below cost, and retail prices have remained unchanged for several years despite elevated input costs. The government is reviewing the strain from under-recoveries, promoting fuel conservation, a shift to piped natural gas, larger strategic reserves, expanded refining capacity and wider domestic exploration.
May 12, 2026
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False suicide note on bridge triggers police search, as young man later returns home safely.
A handwritten suicide note, slippers and an Aadhaar card found on a bridge over the Saryu river led police to believe a young man had jumped into the water, prompting a six-hour search. The man was later found safe at home and told police he had staged the scene because of family tensions and mental stress, but later returned home after reconsidering. His statement was recorded and further investigation was underway.
May 12, 2026
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Kimberley Process certification and compliance drive efforts to strengthen trust in ethically sourced natural diamond trade.
The Kimberley Process Intersessional Meeting 2026 in Mumbai focuses on implementation of the Kimberley Process Certification Scheme, monitoring and compliance mechanisms, artisanal and alluvial diamond production, statistics and measures to strengthen trust in the natural diamond value chain. The Kimberley Process Certification Scheme is an international initiative established pursuant to United Nations General Assembly Resolution 55/56 (2000) to prevent conflict diamonds from entering the legitimate diamond trade, with India's 2026 Chairship centred on credibility, compliance and consumer confidence.
May 12, 2026
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Gold jewellery demand concerns emerge as traders warn of pressure on artisans, exporters and small businesses.
Gold jewellery traders in Jaipur expressed concern that a call to avoid buying gold for a year could reduce demand for ornaments and affect the wider gems and jewellery trade. Industry stakeholders linked any sustained fall in gold demand or availability to pressure on workers, artisans, small traders, exporters and showrooms, noting that Jaipur functions as a major centre for gemstones, gold jewellery manufacturing and exports. Trade representatives urged a distinction between consumption-based and export-linked imports, policy support for recycling and exchange schemes, and greater stability in the import duty and taxation structure.
May 12, 2026
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SEZ warehousing partnership expands port-linked logistics and faster clearance access through a sublease arrangement in Mumbai.
Welspun One entered into a Letter of Intent with Balmer Lawrie & Co. for the sublease of Grade A+ warehousing space at WTC Nhava Sheva in the JNPA special economic zone. The arrangement is intended to give Balmer Lawrie access to SEZ warehousing facilities over a five-year term, with the site positioned for customs duty deferment, faster clearance and value-added logistics services.
May 12, 2026
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Economic growth and state-level convergence shape India's path to prosperity through fiscal discipline, GST reform, and targeted state strategies.
India's economic growth has accelerated steadily over four decades, alongside stronger macroeconomic stability, fiscal consolidation, unification of indirect taxation through GST, and a Flexible Inflation Targeting framework that has anchored inflation expectations and enhanced policy credibility. Across states, per capita income has risen sharply, but growth remains uneven even as divergence has narrowed and welfare indicators have converged more decisively. The speech emphasises that future prosperity will require differentiated state-specific growth strategies and a clearer alignment between national and state policy levers.
May 11, 2026
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Austerity measures urged to cut foreign-currency spending, reduce fuel use, and shift travel, work and schooling domestic
Austerity measures were urged as a public response to global disruption caused by the West Asia crisis, with emphasis on reducing avoidable foreign-currency expenditure and shifting daily activities toward lower-cost, domestic alternatives. Citizens were asked to avoid foreign vacations and destination weddings abroad, defer gold purchases, reduce consumption of edible oils, limit use of imported products, and curtail fuel consumption through public transport, electric mobility and carpooling.
May 11, 2026
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Foreign exchange conservation drives fuel savings, reduced travel and restrained consumption amid West Asia conflict pressures.
Calls for judicious use of fuel and foreign exchange conservation in response to the West Asia conflict emphasise reduced petrol and diesel consumption, greater use of metro rail, carpooling, electric vehicles, railway parcel services and work from home. The appeal also includes postponing gold purchases and foreign travel for one year as measures to ease pressure on the economy and preserve foreign exchange reserves amid disruptions to fuel transport and other global supply effects.

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Best Haier ACs to Upgrade Home Cooling in India in 2026

May 22, 2026

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Pune, Maharashtra, India (NewsVoir) Haier has quietly become one of the most feature-rich AC brands in India in 2026, offering a wide range of feature-rich split ACs designed for different room sizes, climates, and budgets. The brand combines advanced technologies like Frost Self-Clean, HEXA Inverter compressors, HD anti-bacterial filtration, Hyper PCB protection, AI climate control, and Wi-Fi connectivity to deliver efficient cooling, improved air quality, and long-term durability. From affordable 3-star inverter ACs to premium 5-star smart cooling solutions, Haier continues to cater to modern Indian households seeking reliable performance during intense summer conditions. During the Bajaj Finance Summer Sale, shoppers can purchase their preferred Haier AC at a highly competitive price, thanks to limited-time offers and discounts at Bajaj Finance partner stores. Models can be browsed on Bajaj Mall, compared by cooling capacity, star rating, and key features, and purchased at any of the 1.5 lakh+ partner stores across 4,000+ cities. With an Easy EMI Loan of up to Rs. 5 lakh and repayment tenures ranging from 3 to 60 months, the cost can be split into manageable monthly instalments. Select models also come with a zero down payment offer. Top Haier AC models available this summer Haier’s top AC models in India combine efficient cooling, inverter technology, and competitive pricing, making them reliable options for households seeking comfort during peak heat. Haier 1 Ton 3 Star Dual Inverter Compressor Split AC White Price: Rs. 32,200 | EMI starting from: Rs. 2,450 per month Why it works: The Dual Inverter compressor and 7-in-1 Intelli-Convertible modes deliver consistent, energy-efficient cooling for small rooms. Frost Self-Clean and HD anti-bacterial filtration keep indoor air quality high with minimal maintenance effort. Haier 1.5 Ton 3 Star Inverter Split AC White Price: Rs. 35,000 | EMI starting from: Rs. 2,789/month Why it works: A reliable mid-range option for medium rooms that brings Haier's core cooling features including Frost Self-Clean, HD filtration, and Hyper PCB protection at one of the most competitive price points in the 1.5-ton AC segment. Haier 1 Ton 5 Star Split AC White Price: Rs. 37,700 | EMI starting from: Rs. 2,743/month Why it works: The 5-star BEE rating combined with 7-in-1 Intelli-Convertible modes makes this the most energy-efficient 1-ton Haier AC available this summer. The right choice for small rooms where the AC runs for extended hours daily. Haier 1.5 Ton 4 Star Inverter Split AC White Price: Rs. 38,600 | EMI starting from: Rs. 2,746/month Why it works: Triple Inverter technology and AI Climate Control with Wi-Fi connectivity set this model apart in the 1.5-ton range. Suited for medium rooms in smart homes where remote operation and automated cooling are a priority. Haier 1.6 Ton 5 Star Inverter Split AC Gold Price: Rs. 47,700 | EMI starting from: Rs. 3,428/month Why it works: The HEXA Inverter compressor, 5-star rating, AI climate control, and Wi-Fi make this the most comprehensively specified model in the lineup. The right choice for large rooms and buyers who want Haier's best technology with the lowest long-term running costs. Disclaimer: EMIs and prices may vary by partner store, offer period, location, and variant. Please check the latest information at the partner store before purchase. How to buy a Haier AC from Bajaj Finance partner stores Splitting the cost of a new Haier AC into monthly instalments makes the upgrade far more manageable. Shoppers can follow these steps to get started: 1. Browse on Bajaj Mall: Compare Haier AC models by cooling capacity, star rating, and features before visiting a store. 2. Check pre-approved eligibility: The pre-approved loan limit can be verified using a registered mobile number and OTP verification. 3. Find a partner store: Check shortlisted models at 1.5 lakh+ stores across 4,000+ cities. 4. Check the model in person: In-store staff can assist with evaluating tonnage, star rating, and smart features. 5. Choose an EMI plan: Financing of up to Rs. 5 lakh is available through the Bajaj Finance Insta EMI Card or Easy EMI Loan, with zero down payment on select models and tenures ranging from 3 to 60 months. 6. Complete the purchase: Once approved, the transaction is processed instantly, and the Haier AC can be taken home the same day. With limited-time offers and exclusive deals during the Bajaj Finance Summer Sale, now is the right time to bring home a Haier AC before the peak of summer arrives. Bajaj Finance Limited Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit www.bajajfinserv.in. (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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