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

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QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises

August 19, 2026

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New facility strengthens engineering excellence and serves as a strategic center for global brand growth, analyst engagement and market expansion
Hyderabad, Telangana, India – Business Wire India
QualityKiosk Technologies (QK), a leading AI reliability engineering, AI assurance and agentic engineering company, today announced the inauguration of its new Hyderabad office, reinforcing the company's engineering footprint and marking a significant milestone in its growth journey.


Located in the heart of Hyderabad's thriving technology corridor at The Skyview in HITEC City, the new office underscores QualityKiosk's long-term commitment to innovation, engineering excellence and talent development as enterprises around the world accelerate investments in artificial intelligence and digital transformation.


The new center was inaugurated by Maneesh Jhawar, CEO of QualityKiosk, in the presence of company leadership, government dignitaries, leading research analysts, technology experts and industry leaders. Designed as a modern, collaborative engineering workspace, the office occupies a premium corner location overlooking the HITEC City skyline and reflects the company's vision of creating world-class environments for innovation, collaboration and engineering excellence.


Beyond serving as a key engineering hub, the Hyderabad center will function as a strategic marketing, branding, analyst relations and advisory engagement center for the organization. This facility will support QualityKiosk's existing 40+ member team in the city, comprising delivery leaders, banking and capital markets domain experts, AI reliability and quality engineers, automation specialists, global marketing leadership, branding strategists, AI-led technology marketing experts, demand generation, channel, partner, and sales teams. This multi-functional team currently serves Hyderabad’s global financial GCCs, leading banks, insurance, capital market, and pharma companies, with plans for further expansion to meet growing needs of its enterprise partners.


The Hyderabad center will play a critical role in supporting QualityKiosk's strategic priorities across AI reliability engineering, AI assurance, agentic engineering, product engineering, CloudOps and automation. It will also serve as one of the company's prominent engineering hubs while providing a focal point for global thought leadership, industry analyst engagement, advisory initiatives and brand-building efforts aligned to QualityKiosk's long-term growth strategy.


Hyderabad has emerged as a leading destination for global capability centers, technology innovation and digital talent. With its vibrant technology ecosystem and growing concentration of global enterprises, the city provides an ideal platform for QualityKiosk to deepen engagement with customers, partners, analysts, and industry leaders while strengthening its global brand and market influence.


The expansion comes as enterprises move from AI experimentation to production-scale deployment. As AI becomes embedded across business operations, customer experiences and decision-making, ensuring reliability, governance, observability, and operational trust has become a strategic imperative.


The Hyderabad center will advance QualityKiosk's AI reliability OS framework, enabling enterprises to engineer trust and resilience into AI-powered systems through capabilities spanning AI for reliability, reliability of AI, agentic engineering, shift right engineering, and reliability of frontier systems.


"QualityKiosk was founded on the belief that reliability is the foundation of every great digital experience. As enterprises scale AI adoption, the need for trust, resilience, and assurance has never been greater. Hyderabad's rapidly growing innovation ecosystem and global business community make it a natural choice for our continued expansion. This new center represents an investment in talent, innovation, and engineering excellence that will help us deliver greater value to customers worldwide while advancing our leadership in AI reliability engineering, agentic engineering and AI assurance," said Maneesh Jhawar, CEO, QualityKiosk Technologies.


The facility will support growing enterprise demand across banking, financial services, insurance, telecommunications, healthcare, manufacturing, and digital-native sectors, while serving as a hub for engineering talent developing scalable, and trustworthy AI solutions.


"Hyderabad represents the convergence of talent, technology and enterprise innovation. The momentum we are witnessing around GCC growth and AI adoption creates a tremendous opportunity to shape the future of digital reliability. The recent award win for QK at the HYSEA GCCX event as Exemplary Firm in AI & Data reinforced our position as a trusted AI reliability partner for global enterprises," said Sairam Vedam, CMO and Hyderabad Center Head, QualityKiosk Technologies.


He added, "Our Hyderabad center is more than an engineering hub. It is a strategic growth center that will help us collaborate more closely with global brands, technology leaders, analyst communities and industry influencers. In addition to advancing innovation in AI reliability engineering, the center will anchor our marketing, branding, analyst relations and advisory engagement efforts, strengthening QualityKiosk's position in global markets. As AI becomes central to business strategy, organizations will increasingly require partners who can assure reliability, govern risk, and enable trusted outcomes. This center positions us to lead those conversations while helping customers adopt AI with confidence."
Hyderabad Office Address
QualityKiosk Technologies Pvt. Ltd.

2nd Floor, The Skyview 10 The Skyview Sy. No. 83/1 Raidurgam HITEC City Main Road Hyderabad, Telangana 500081 India
About QualityKiosk Technologies
Founded in 2000, QualityKiosk Technologies (QK) helps businesses win in the AI era by engineering reliability. Backed by experience of delivering reliable software, products, and platforms for leading global enterprises, QK combines deep domain knowledge with strong technology skills to help customers deliver great experiences to their own customers in an AI-first world.


QK offers reliability, cloud, AI, and product engineering services that help organizations build and adopt AI effectively, spanning product development, quality and reliability engineering, digital assurance, CloudOps, and automation. At the core of this is the AI reliability OS, an integrated portfolio of services covering AI for reliability, reliability of AI, shift right testing, reliability of frontier systems, and agentic engineering. It brings together context engineering, harness engineering, loop engineering, observability, and platform-based delivery.


Operating in more than 25 countries with US offices in Princeton and San Jose in the Bay Area, Dubai, Singapore, Manila, Hong Kong and Jakarta, QualityKiosk helps leading brands in banking, capital markets, insurance, automotive & manufacturing, technology & digital natives, telecom, airlines, consumer goods, and healthcare to transform their digital capabilities. The company is headquartered in Mumbai, India with engineering centers across Bengaluru, Hyderabad, and Pune.
The company’s expertise and achievements have garnered recognition from esteemed global analyst firms such as Gartner, Forrester, and The Everest Group for innovative, IP-led solutions and the significant value of those solutions delivered to clients. QK has partnered with the most innovative and disruptive technology companies to force multiply outcomes that can be delivered to the customers. For more information, visit www.qualitykiosk.com.


To View the Image, Click on the Link Below:
Maneesh Jhawar, Founder and CEO, and Sairam Vedam, CMO and Hyderabad Centre Head, with the Hyderabad team at the inauguration of QualityKiosk's new Hyderabad engineering hub.


(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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