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August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.

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Ember Unveils SuperPan, Creating a New Category of Uncoated, Non-Stick Titanium Steel Cookware

September 9, 2026

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Powered by patent-pending NanoFusion technology, SuperPan introduces TitaniumSteel- a new material that delivers naturally non-stick performance without PTFE, PFAS or any synthetic coating Bangalore, Karnataka, India (NewsVoir) Ember, India’s premium kitchenware brand, and pioneer of the country’s non-toxic cookware movement, today announced the launch of SuperPan- its third proprietary material innovation and the brand’s most ambitious engineering breakthrough to date.

Ember SuperPan Following the success of Arcilla, its category-defining ceramic technology, and TitaniumClad, its enamelled cast iron innovation, Ember now turns its focus to stainless steel. SuperPan introduces TitaniumSteel, a new material, powered by patent-pending NanoFusion technology, a zero-coating, naturally non-stick cooking surface that delivers the performance of stainless steel without the compromises traditionally associated with it.

Introducing TitaniumSteel At the heart of SuperPan is TitaniumSteel- a new material developed after years of research, prototyping and material engineering.

Using a proprietary high-temperature plasma fusion process, titanium is permanently fused with stainless steel . NanoFusion then engineers the surface at a microscopic level, creating a finely textured structure that can naturally hold a thin film of oil, thus eliminating the need for a coating. The result is a 5-ply stainless steel pan that combines exceptional durability, high-heat performance and naturally non-stick cooking in one material.

“Ember has never been about finding one perfect material. It’s been about making every material consumers need better. From making your everyday non-stick pan PFAS free, to making cast iron rust proof, every product has started with the same question: what’s the biggest frustration people still live with? Stainless steel was the obvious next chapter. It’s loved for being clean, durable and timeless, yet millions of people still find it intimidating to cook on. We investigated multiple pathways, including advanced coatings, surface treatments and material engineering, before asking ourselves a different question: what if there was no coating at all? That question led to TitaniumSteel and NanoFusion - our re-engineering of stainless steel for the Indian kitchen,” - Siddharth Gadodia, Founder & CEO, Ember.

Designed for the Way India Cooks Before developing SuperPan, Ember conducted qualitative research across 120+ Indian households to understand not just what cookware people owned, but what they actually reached for every day. The findings revealed a clear behavioural shift: while stainless steel and cast iron were present in nearly every kitchen, ceramic and other non-stick alternatives had become the everyday choice because they combined clean cooking, effortless food release and lower oil usage.

As more consumers seek cleaner alternatives to PFAS-based cookware, a clear gap emerged in the category. That consumer need became the foundation for SuperPan.

“Our research showed that people like the idea of stainless steel given India’s love for high heat cooking and metal spatulas, - but low-oil cooking, cooking time, and ease of food release and cleaning, were leading to that Triply pan not getting picked up. They wanted the high-heat performance of stainless steel, the durability of cast iron and the effortless experience they had discovered with Arcilla Ceramic. Our challenge wasn’t to replace stainless steel - it was to remove the compromise that came with it ,” - Himanshi Tandon, Co-founder & CMO, Ember.

Global Design. Everyday Use SuperPan is the latest innovation to emerge from Ember’s global R&D ecosystem. The brand’s innovation journey is driven by its California R&D Centre, led by renowned industrial designer Bret Recor, and brought to life through the Ember Innovation Lab in India, led by Chef Saransh Goila. Together, the teams combine world-class product design, material science and deep culinary insight - validated through rigorous testing and real-world cooking - to build cookware engineered specifically for the way India cooks.

This is the second innovation to emerge from the Ember Innovation Lab, which came into existence in 2025.

"This is the kitchenware upgrade the industry has been waiting for," added Chef Saransh Goila, Chief Culinary & Innovation Officer, Ember. "You get the aggressive, high-heat searing capability of a heavy cast-iron skillet, combined with the effortless release of a brand-new non-stick and you can literally take a metal whisk to it. It defies everything we were taught about cookware." A New Chapter for Stainless Steel Stainless steel is one of India’s most trusted cookware materials, accounting for approximately 32% of India’s cookware market. Yet its everyday usability has remained largely unchanged. With SuperPan, Ember brings its material-first innovation philosophy to stainless steel, introducing TitaniumSteel - the next chapter after Arcilla and TitaniumClad.

Availability The SuperPan is now available on embercookware.com and across leading retail partners including Amazon, Food Square, Food Stories, Epic, Origin, and select premium cookware and home retail stores across India.

The Science Behind SuperPan • TitaniumSteel: A new material engineered for naturally non-stick cooking.

• NanoFusion Technology: Patent-pending surface engineering that permanently integrates titanium into stainless steel.

• 5-Ply Construction: Even heat from base to rim for consistent cooking.

• Zero Coating: No PTFE, PFAS or synthetic non-stick layer to peel or wear away.

• Built for Everyday Cooking: High-heat compatible, metal utensil friendly and made to last.

About Ember Cookware Founded in 2024, Ember is India's first 100% non-toxic, non-stick kitchenware brand, created to spearhead the nation's clean kitchen movement. Built through a strategic partnership with world- leading product design company, Box Clever under their venture arm, Box Garden Ventures, based in California, Ember combines global design excellence with a deep understanding of Indian cooking requirements. From Arcilla ceramic and TitaniumClad cast iron to TitaniumSteel, Ember develops proprietary technologies that make everyday cookware cleaner, more intuitive and built to last. Designed in California and engineered for India, Ember represents the future of clean living.

Learn more: www.EmberCookware.com (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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