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Emergency fund: Today, we explain the 3-6-9 rule that salaried individuals and even those without stable income can use to build their savings for a rainy day or to safeguard against extenuating circumstances.
Sergio Gor, the US Ambassador, underscores the robust trust and teamwork that characterize US-India relations. With American businesses pursuing investments in India, bilateral trade has surged to over $240 billion. Additionally, India's military collaboration with the US is unmatched globally, while a remarkable 40% of the generic drugs consumed in the US are sourced from Indian manufacturers.
Indias supply-side potential strengthened amid repeated global shocks: CEA Nageswaran
CEA Anantha Nageswaran cautions next 20 years will be more challenging
Lok Sabha approves MSME Bill to speed up payments, improve ease of business
The Lok Sabha passed the legislation without a debate amid continued protests by Opposition members over various issues
OMCs began rigorous testing for E20 fuel contamination at pumps from Mid-July: Oil Minister
The Minister reveals that only 4 cases of contamination of E20 fuel was found
Claims of 500 ppm chloride and presence of moisture in E20 fuel not validated: PSU OMCs
A dedicated task force having members of the three OMCs and the Centre for High Technology (CHT) checked ethanol samples from 80 distilleries across India in the last 10 days
Industrial output rises 7.3% in June on strong manufacturing performance
Broad-based growth in manufacturing, electricity sectors drive increase in headline
IndiGo positions international expansion as next growth engine after consolidating domestic market
Long-haul aircraft, MRO investments and digital capabilities to support airlines global ambitions
TruAlt Bioenergy Q1 net zooms to 59.27 crore on higher revenues
The company reported a PAT of 59.27 crore for Q1FY27 over same period last years 4.73 crore; revenues for the quarter were up 96% at 641.41 crore against corresponding last quarters 326.63 crore
Indian govt asks sugar dealers to hold maximum 400 tonnes stock till Nov
Centre mandates traders to liquidate excess stock by August 1 from when the order will come into force
Tommy Detamore dies suddenly at 70, wife pays heartfelt tribute
Country music mourns Tommy Detamore, a respected pedal steel guitarist and producer. His wife confirmed his passing at the age of seventy on Wednesday, August 5. Detamore shaped country music's sound for over four decades with his collaborations. He worked with legendary and contemporary artists, influencing new generations. His legacy will continue through the music and recordings he helped create.
Groundnut acreage up 9% as farmers in UP, MP expand area
Area in Gujarat, the largest producer, trails by over 3 per cent; widespread rains, favourable prices support area expansion
Indias oilseeds acreage rises 3% on good rains, may attain Centres coverage target
According to official sources, the area until Friday under groundnut was 46.82 lh, up by 8.6%, that of soyabean was 119.92 lh, up by 0.2% and sesamum at 9.96 lh, up by 16.9%
PFRDA approves 4 new pension funds to join NPA system
The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion brings the total number of available pension funds to fourteen. Subscribers to the National Pension Scheme can now choose from these additional investment options. The authority aims to significantly increase non-government NPS subscribers over the next five years.
GeM crosses Rs 20 lakh crore procurement milestone
India's GeM portal has facilitated over twenty lakh crore rupees in procurement. This platform has seen millions of sellers and enterprises participate actively. Micro and small enterprises now hold over forty percent share on GeM. The number of registered sellers has significantly increased over the years. These enterprises have fulfilled substantial orders, contributing to the portal's success.
Indias cotton area expands as monsoon gathers pace, coverage tops 100 lakh hectares
Cotton sowing is taking place in about 50,000 hectares every day, Atul Ganatra said, adding that in Andhra the area has increased by 31% and by 4% in Telangana
Outgoing Swedish Ambassador Jan Thesleff supports India's permanent UNSC membership bid. He emphasized defense manufacturing and innovation as key partnership pillars. Swedish companies are increasing manufacturing facilities in India under Make in India. The bilateral relationship has evolved significantly over recent decades. Both nations advocate for a rules-based world order and diplomacy.
US appeals court blocks Donald Trump's $400 million White House ballroom project
A federal appeals court has ordered the Trump administration to stop White House ballroom construction. The court upheld a preliminary injunction against the $400 million project. This ruling tests the presidential authority of Donald Trump. The administration must now seek congressional authorization for the ballroom. The court placed its ruling on hold for fourteen days.
Donald Trump's attorney general pick clears key hurdle as GOP senator backs Blanche
Senator Bill Cassidy will support Todd Blanche's nomination for attorney general. This decision likely ensures Blanche's confirmation to lead the Justice Department. Opposition from two other Republicans had previously cast doubt on the nomination. Concerns centered on a settlement involving tax audit immunity and a proposed fund. Cassidy stated his vote was a specific decision regarding Mr. Blanche.
India has amended foreign direct investment regulations to boost e-commerce trade. These changes will help small businesses, artisans, farmers, and fishermen access wider markets. BRICS ministers discussed enhancing trade, investment, and industrial cooperation among member nations. Discussions also focused on creating jobs through emerging technologies like artificial intelligence. India aims to leverage e-commerce for connecting small-scale products with vast global markets.
Delhi HC issues notice to Govt on ISMAs petition on artificial sugar use
ISMA seeks stricter labelling, warnings, and India-specific studies on artificial sweeteners health risks
Oil companies reject E20 fuel contamination claims, say nationwide tests found no quality issues
State-run oil companies have dismissed concerns regarding E20 petrol quality. Extensive nationwide testing found no evidence of excessive moisture or chloride contamination. Fuel quality consistently remained within prescribed standards across the entire supply chain. Isolated instances of elevated chloride levels were immediately addressed and rectified. Consumers can confidently use E20 petrol, which meets all quality specifications.
Lower acreage of maize in kharif, uncertainty on sugar stock to shift focus on rice for ethanol
The government needs about 1,100 crore litres of ethanol to meet its 20 per cent target in the ethanol blended with petrol (EBP) programme
IndiGo added 330 pilots in FY 26
IndiGos pilot numbers were a topic of regulatory scrutiny following massive disruption of its flights last December.
Spain threatens retaliation on Italy if border controls not lifted
Spain has threatened reciprocal measures against Italy over border controls. Rome imposed these checks after a migrant influx into the Spanish enclave of Ceuta. Spain called Italy's decision unjustified and discriminatory against its population. Italy justified its move to prevent migrants from reaching its territory. The dispute highlights differing migration policies between the two EU allies.
An anonymous Meta employee has gone viral after revealing that fears of future layoffs have made her postpone having children. In a candid post on Blind, she said the lack of job security, shifting company priorities and uncertainty about returning from maternity leave have left her unwilling to start a family. The post sparked a wider online debate about how instability in the tech industry is influencing major life decisions, including marriage and parenthood.
RBI rejects Religare's proposal for demerger
Religare Enterprises' demerger plan has been rejected by the Reserve Bank of India. The company received official communication regarding the rejection on August 6, 2026. Religare Finvest Ltd also received a similar communication from the regulator. However, stock exchanges have provided their no objection and observation letters. The company will engage with the regulator for further clarifications.
Paradeep Phosphates Q1 net up 24% at 393 cr on higher sales
Board approves Rs 250-cr investment in aluminium flouride plant at Paradeep
Rekha has been synonymous with grace and sensuality for decades. However, there was a time when she underwent much trolling and hostility for being overweight and not conforming to the prevalent beauty standards. In an old interview, Rekha revealed some unconventional diets she followed to lose weight.
RBI proposes leverage ratio buffer for G-SIB branches
The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks will maintain the existing 3.5% leverage ratio. These proposals align with the Basel Committee on Banking Supervision's framework.
Women drive Indias agriculture, constitute 60% of workforce
41% women were engaged in self-employed category in agriculture during the same period, says Ramnath Thakur, Union Minister of State for Agriculture and Farmers Welfare
Ahmedabad Air India crash probe: AAIB to submit draft final report to Supreme Court in October
The Centre informed the apex court that the draft final report into the June 2025 Air India Ahmedabad crash will be submitted in a sealed cover in the first week of October.
Indias import dependence continues to be shaped by economic growth, manufacturing base: Govt to Parl
India imported goods worth $131.63 billion from China in FY26, accounting for nearly 17% of total merchandise imports, the government told Rajya Sabha. It said Chinese imports include critical minerals, intermediate goods, capital equipment and technologies required by sectors such as clean energy, electronics, pharmaceuticals and infrastructure.
GMR Aero Technic signs pact with Honeywell Aerospace for MRO Services
Under this agreement, GMR Aero Technic will undertake comprehensive MRO services for seven Honeywell aerospace LRUs installed on LEAP engines powering Airbus A320neo and Boeing 737 MAX aircraft
Merchant discount rate on UPI transactions: What is MDR, will customers have to pay, who bears operating costs, who invests in infrastructure, why are discussions happening now? Check top FAQs answered
BLS International reports revenues of Rs 891 cr for Q1FY27, PAT at Rs 202 cr
BLS International reported a 25% year-on-year rise in Q1 revenue to Rs 891 crore, while net profit increased 11.4% to Rs 202 crore. EBITDA grew 23.6% to Rs 252 crore. Visa and consular services revenue rose 21.6%, while digital services recorded 32.2% growth. The company processed 11.3 lakh visa applications during the quarter, with net revenue per application increasing 11.2% to Rs 3,521.
India's tobacco exports jump 166% in value over past decade to 17,192.04 crore
Commerce Ministry says improved agricultural practices, transparent e-auctions and welfare schemes have boosted farmer incomes alongside record export growth.
Loans against FCNR B deposits exempt from priority sector
The Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and NRE term deposits. This strategic shift ensures these loans will not factor into the mandatory priority sector lending requirements. Such measures have notably enhanced foreign exchange inflows. Additionally, there is a special facility available for banks to swap these deposits with the RBI.
VST Tillers Tractors to set up 100-crore global tech centre in Hosur
Conducts ground-breaking ceremony for centre that will enhance R&D capabilities
Keralam jewellers seek review of gold, silver import duty structure
Government data presented in Parliament indicate a sharp rise in gold and silver smuggling following the increase in import duty on the precious metals from 6% to 15%
Keralam deploys ANNAM.AI smart weather stations for climate-smart farming
The initiative is aimed at improving farmers access to reliable weather information, enabling better planning, reducing input costs and promoting informed farming practices
NBFC gold jewellery loans jump 69 pc in June, fastest across segments: RBI data
Non-Banking Financial Company gold loans surged significantly by June 2026. Retail credit remained the primary driver for NBFC lending growth. Housing and vehicle loans also showed robust expansion during this period. Agriculture credit accelerated sharply, while industrial sector growth slowed down. Services sector lending moderated as trade and transport operators expanded credit slower.
Tata Play brings back 'Life Jingalala' in folk-inspired campaign marking 20 years
Conceptualised by Ogilvy and crafted by music duo Maati Baani, the campaign brings together folk musicians and regional artists to reinterpret the brand's signature line, Isko laga dala toh life jingalala, in Tamil, Telugu, Kannada, Bangla, Awadhi and Gujarati.
SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAs
State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to fifteen percent. SBI is deploying Responsible AI Policy to enhance cybersecurity and operational efficiency.
CMFRI develops digital tools for awareness on protected sharks
The app will benefit fishermen, fisheries officials, wildlife enforcement officers, researchers, students, and the general public, offering information on accurate identification of protected sharks and rays
India rejects US lawmakers criticism of proposed FCRA Bill amendments
MEA says legislation is Parliaments prerogative, notes that countries including the US also regulate foreign funding
Air India to soon start inbound Hub and Spoke flights to Amritsar
The initiative aims to streamline the travel experience for international passengers, allowing them to finalize immigration and baggage processes in Amritsar, enhancing Indias role as a global transit hub.
Government plans 44 airports for Hub and Spoke flights to boost global connectivity
Air India on Tuesday launched flights under the Hub and Spoke model from Amritsar, the second airport after Varanasi from where such fights have been started
US, India expanding cooperation in defence, civil nuclear sector: Senior US official
Last year, India and the US signed a framework for a major defence partnership to strengthen interoperability across all domains, including land, sea, air, space and cyberspace
TVS VMS joins hands with Montra Electric arm for electric trucking
The two companies aim to deploy more than 300 electric trucks during the current financial year
India targets 5% share in global toy trade by 2032, sets up dedicated task force
The Centre has formed a task force to strengthen toy manufacturing and raise Indias share in the global toy market from 1.9% to 5% by 2032.
IndiGo appoints Kiran Thadimarri as Chief Financial Officer
Kiran Thadimarri succeeds Gaurav Negi as IndiGos Chief Financial Officer from July 28, with the outgoing CFO taking over as Advisor to the Managing Director.
FAA orders inspections of hundreds of Boeing 737 MAX jets over seat installation issue
The proposed FAA directive applies to 453 U.S.-registered Boeing 737 MAX jets as part of the regulators ongoing aircraft safety oversight
Rice prices steam up in Indian domestic market on demand-supply gap, deficient monsoon
The Centres decision to increase the MSP for paddy to 2,441 a quintal from 2,369 has also aided the uptrend
Onion, chicken prices make home-cooked meals costlier in July: Report
Vegetarian thali costs rose four percent year-on-year in July. Non-vegetarian thali prices increased nine percent due to higher chicken costs. Onion and vegetable oil prices also contributed significantly to these increases. Potato and tomato prices fell, partially offsetting the overall rise. Month-on-month, vegetarian thali costs saw a two percent jump.
Chaitanya Rathi appointed Non-Executive Director at Sula Vineyards
Mitti Labs raises $9.5 mn to build resilience in Asias rice fields
Mitti Labs combines satellite technology, AI and field operations to create a water and climate resilient future for rice farming
West Bengal plans Kolkata ring road, EM Bypass-New Town flyover to ease congestion
The West Bengal government plans a ring road and a new flyover for Kolkata. These infrastructure projects aim to ease traffic congestion and boost business growth. The state is also upgrading urban services like drainage and water supply systems. Renewable energy use will expand significantly by 2030. New mortuary facilities and electric crematoria will be established across districts.
Muthoot Microfin awaits RBI response before raising ECB
The Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw down the funds.
Exciting new tablets are landing on Flipkart this Independence Day
Flipkart's much-anticipated Freedom Sale kicks off on August 7th, showcasing an exciting lineup of four new tablets. Among these, the Asus Pad stands out with its vibrant OLED display, enhancing your viewing pleasure. The HP OmniPad 12 offers versatility, easily shifting between tablet and desktop functions. Huawei returns with a duo of tablets designed to meet varying consumer preferences and budgets.
Campco seeks uniform tax structure to protect cooperatives
One Nation, One Tax will provide a level-playing field for cooperative institutions working in the interest of farmers says the cooperative president SR Sathishchandra
MahaRERA extends project completion deadlines by 4 months citing force majeure
MahaRERA has granted an automatic four-month extension to eligible real estate projects in Maharashtra due to disruptions linked to the West Asia situation. The relief covers registered projects with completion dates on or after February 28, 2026, but excludes projects registered on or after August 1, 2026. Developers will not need to file separate applications for the extension.
India, Russia discuss Vande Bharat, SJ-100 aircraft, UAVs to deepen industrial ties
India and Russia reviewed industrial cooperation and explored new collaborations. Discussions focused on railway infrastructure and the Vande Bharat train project. Both nations also discussed opportunities in aircraft production and unmanned aerial systems. Cooperation in critical minerals and lithium mining was a key agenda item. The meeting concluded with a protocol reaffirming deepened bilateral economic ties.
India must build export-oriented medical devices industry, says pharma secretary
To bolster India's medical device industry, a strategic pivot toward international markets and enhanced global presence is essential. Fostering local component production and value addition is a vital pathway to not only create jobs but also to improve supply chain durability. This transition signifies a shift from reliance on imports to a focus on homegrown manufacturing. Streamlined regulatory processes are key to facilitating this significant industry evolution.
Much as we crave permanence and for good things to be long-lasting, sometimes they leave our lives without any warning. An old Irish proverb cautions us that many things we crave, including success, may sadly be a fleeting experience.
Manipurs Ongoing Protests Impacting State and National Economy, Says CM Khemchand Singh
Imphal, August 7: Manipur Chief Minister Yumnam Khemchand Singh stated on Friday that ongoing strikes, blockades, and various protests are severely affecting both the state and national economies. He emphasized the need for uninterrupted movement of goods and people. Inaugurating a two-day consultation meeting and seminar on Manipurs demographic profile, the Chief Minister noted that ... Read more Manipurs Ongoing Protests Impacting State and National Economy, Says CM Khemchand Singh
IndiGo in early talks with Embraer for large regional jet order
IndiGo parent InterGlobe Aviation is reportedly in early talks with Brazils Embraer for a potentially large order of E2 regional jets. The aircraft could replace IndiGos ATR turboprops and add capacity. A deal could be worth billions of dollars and become Embraers biggest order in India, while supporting its plans for aircraft manufacturing in the country.
India's next crypto policy: What a balanced regulatory framework should look like
India currently lacks a well-defined legal framework for virtual digital assets, even though these assets are recognized for tax purposes. In contrast, regions like the EU and US have established robust regulations. The establishment of a self-regulatory organization could provide essential industry standards, offering a bridge during the development of comprehensive legislation. This approach would create a supportive and innovation-friendly policy environment for India's digital asset sector.
Monsoon poised for fresh surge, riding on twin low-pressure areas
Though separated by thousands of kilometres, emerging Indian Ocean Dipole and a massive El Nino might be interacting through atmospheric teleconnections, reshaping rainfall patterns
More exporters leveraging benefits of free trade pacts: Govt
In 2025-26, India's ten largest import partner countries were China, UAE, Russia, US, Saudi Arabia, Iraq, Hong Kong, Switzerland, Singapore and Japan, as per govt data.
Ashwini Vaishnaw's Rajya Sabha reply sheds light on road-ahead for India's new hydrogen train
India's hydrogen train has run nearly 2,500 km in commercial operations since its launch. This pilot project aims to assess hydrogen propulsion's viability for wider railway network adoption. The train operates on the Jind-Sonipat route and produces no carbon dioxide emissions. Future expansion depends on resource availability and operational feasibility assessments, Minister Vaishnaw said.
No offers received for Vijayawada Railway Station redevelopment under PPP model: Ashwini Vaishnaw
The initial bid for Vijayawada Railway Station's redevelopment received no response. Railway Minister Ashwini Vaishnaw informed the Rajya Sabha about this development. Fifteen stations are identified for development under the Public-Private Partnership model. The proposal for Vijayawada Station's redevelopment has received approval from PPPAC. Remaining stations are currently in master planning and financial modelling stages.
Pay commission: The Himachal Pradesh government has approved a 78% salary hike for contract and trainee medical officers (specialists) up from 33,660 to 60,000 per month. CM Sukhvinder Singh Sukhu said healthcare and education are among the state's highest priorities.
India's forex reserves jump $10.5 billion to over two-month high of $692.87 billion as of July 31
India's foreign exchange reserves saw a significant rise of over ten billion dollars. This surge pushed the nation's reserves to their highest point in more than two months. Foreign currency assets, the largest reserve component, increased substantially during the reporting week. Gold reserves also registered a notable gain, contributing to the overall increase. Special Drawing Rights and reserve position with the IMF also saw modest growth.
Air India Phuket-Delhi flight hits turbulence, passengers injured; flyer complains to DGCA
A passenger filed a complaint with the DGCA after turbulence injured family members. The Air India flight from Phuket to Delhi experienced a sudden drop. Two elderly relatives sustained injuries, including a rib and suspected spinal issue. The passenger questioned the decision to continue the flight to Delhi.
India seeks to boost domestic green ammonia supplies to fertiliser sector
India's Solar Energy Corporation (SECI) is on a mission to boost the production of green ammonia, targeting a significant reduction in the country's dependence on imported fertilizers. The corporation is set to issue tenders for an impressive additional one million metric tons each year, aligning with India's comprehensive green hydrogen ambitions. Furthermore, SECI is also gearing up to invite tenders for green methanol to promote domestic usages.
Two Indian seafarers remain untraceable after their vessel was attacked near Ukraine. Extensive search and rescue operations involving Ukrainian and Romanian authorities have failed to locate them. The Supreme Court was informed that search efforts are presently suspended pending new information. The court directed the Centre to facilitate insurance claims for the families of the missing crew. Authorities continue to monitor developments and pursue pending investigation reports.
Parag Milk Foods to invest 105 crore to double cheese manufacturing capacity by FY28
The expansion aims to strengthen production capabilities, improve efficiency and support growing consumer demand for cheese and value-added dairy products
Delhi Metro security checks will intensify from August 9 to August 16. This enhanced security is being implemented ahead of Independence Day celebrations. Passengers should expect longer queues and plan their journeys accordingly. The Central Industrial Security Force will conduct the additional screening procedures. Commuters are requested to cooperate with security personnel during this period.
RI Govt taps Patriot Expedition Team to map blue economy potential
Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crude
Reliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage costs in the Gulf. Shipping traffic through the Strait of Hormuz remains below average levels. Iraq offers steep discounts on its crude to attract buyers. Several refiners seek vessels despite increased navigation risks.
Chandan Prabhakar and Rajeev Thakur successfully auditioned for a comedy show, but it was Kapil Sharma who struggled initially. Thanks to the duo's dedication, Kapil got a second opportunity which ultimately led to his selection. Meanwhile, Chandan's path took a turn as he stepped back into engineering briefly before heartily returning to the comedy scene, making a notable appearance on India's Got Talent season two.
Indias cultivable land declines, but gross area under crops increases
The total cultivable land across the country stood at 179.43 million hectares, while the gross cropped area has expanded to 225.19 million hectares
Not debarred by NHAI, says PNC Infratech
PNC Infratech says repair works going on in the Kanpur Lucknow Expressway Project
RBI's Rate Pause Sustains Steady Momentum in Residential Real Estate
India's residential property sector remains robust, driven by consistent demand and advancements in infrastructure. The Reserve Bank of India's choice to hold the repo rate steady bolsters this positive trend, allowing homebuyers and property developers to make informed, future-focused decisions. With favorable financing conditions, developers can efficiently organize their project timelines and pricing, reinforcing a thriving residential market.
West Bengal state government has notified its 38% DA and DR hike for employees and pensioners, with effect from 1 October, just ahead of Durga Puja festivities this year. Check the latest updates here
New Tax Bill positive for REITs, InvITs: Share India Institutional Business
The report said one of the biggest changes is that dividends paid by Special Purpose Vehicles (SPVs) to REIT and InvIT investors will now be tax-free, regardless of whether the SPV follows the old or the new tax regime
Opting for healthier beverage choices can significantly enhance a balanced diet along with regular physical activity, claims Harvard-trained gut doctor Saurabh Sethi. Black coffee and green tea are rich in antioxidants, beneficial for liver health. Alternatives like unsweetened sparkling water and soy milk offer refreshing, low-sugar options, while unsweetened almond milk and herbal teas can help meet hydration needs. Ultimately, water remains the most crucial choice for overall wellness and liver function.
Success doesnt happen overnight. It starts with a dream, or an all-consuming desire, and then is followed by a meticulous plan and years of perseverance. In an old interview, pop icon Bruno Mars explained his approach to success.
SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidance
State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due to El Nino conditions.
