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Indian car buyers are increasingly looking beyond purchase price and mileage to assess total ownership costs, including fuel or electricity, maintenance, insurance, financing and resale value. The shift is gaining pace as petrol, CNG, hybrid and electric vehicles compete for buyers.
UPI MDR may return, but only some merchants will have to pay, Finance Ministry clarifies
The finance ministry said any future MDR on UPI will be nominal and limited to merchant transactions above a specified threshold, while consumers and most merchants will face no charges. The move aims to support UPIs long-term sustainability, security and infrastructure.
Quote of the day by Katy Perry on humility is a reminder to protect the person we are becoming while pursuing the life we desire. Ambition and humility do not have to be opposites.
Hurricane warning alert: If the project succeeds, the data collected by sharks could help improve forecasts of how strong hurricanes will be as they approach the U.S. coast.
The larger lesson may be that environmental health risks are not always the loudest or most visible ones. Modern life has filled homes, offices, hospitals, transportation systems, and cities with mechanical sounds that previous generations encountered far less frequently. As scientists learn more about how the body responds to its surroundings, familiar background conditions may deserve a closer look.
Quote of the day by Confucius is a famous saying, Do not do to others what you do not want them to do to you, that offers a simple but lasting lesson on respect, fairness and human behaviour. Often described as the negative form of the Golden Rule, the quote asks people to think about how their actions might affect others before they act. The ancient philosopher's teachings focused on moral character, family relationships, education and social responsibility.
Tired of acne/pimples on your face? A beauty influencer recently shared the recipe for a DIY face wash using just three ingredients, which can not just help your skin get rid of pimples but also boost its natural glow.
Love Chinese cuisine but prefer vegetarian? In a viral Instagram video, a user shared one Bengaluru Chinese eatery that serves only vegetarian food. The dishes are cooked live after you order.
Milk prices in Maharashtra to rise by Rs 2; check reason and date of rate hike
Cow and buffalo milk prices in Maharashtra will rise by two rupees per litre. This price adjustment is effective from Tuesday, August eleventh. Major cooperative and private dairies approved the increase after a welfare association meeting. Rising diesel prices and packaging expenses contributed to the decision. Dairy product prices will also see an increase of up to ten percent.
Thalapathy Vijay once dropped shocking truth about his marriage with Sangeetha: I never went against
Thalapathy Vijays wife Sangeetha recently withdrew her divorce petition from the Leo superstar. Recently, an old interview where the actor claimed their marriage was not a love marriage but an arranged one has gone viral.
PhonePe, Razorpay back selective UPI charges for large merchants
PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in favour of a sustainable business model that echoes the position of the Payments Council of India (PCI). The industry association has sought to separate free everyday payments from charges on select merchant transactions to ensure commercial viability of the service.
A techies claim that even a Rs 50-70 lakh salary may not be enough to become rich in Bangalore has sparked debate online. Anmol Agarwal broke down expenses such as rent, taxes, car costs, shopping and travel, arguing that high living costs can leave limited money for investments, while several users challenged his calculations and said wealth creation depends largely on lifestyle choices and saving habits.
Hidden Environmental Cost of Powering Growing Digital and AI-World
Despite the astronomical water footprint of data centres, some States, which already have difficulties in meeting their water needs, have announced huge data centre projects.
Orunodoi 3.0 will provide monthly financial assistance to more than 37 lakh women in Assam from August. The social security scheme aims to empower families and promote financial inclusion among beneficiaries.
Mining project near India's first marine sanctuary, national park in Gujarat gets nod
A bauxite and marl mining initiative has secured essential clearance close to Gujarat's important marine conservation zones. Nestled several kilometers away from the country's inaugural marine wildlife sanctuary, the project is situated near diverse coral reefs and vital ecosystems. The expert appraisal committee recommended approval, contingent on strict environmental guidelines. The developers are required to implement wildlife conservation strategies and reduce potential animal conflicts to protect the regions biodiversity.
For vegetarian people who have always wanted to have an omelette but won't compromise their rules, a Mumbai-based fitness coach has the perfect solution! Taking to Instagram, Vanshika Khurana shared a delicious recipe of a guilt-free omelette that has zero eggs or meat.
The Toxic trailer is finally out, offering a glimpse into Yashs brutal gangster world filled with violence, betrayal, romance and complicated relationships. The trailer also hints at a mysterious father-son conflict, with Yash appearing in multiple roles. While several fans praised the action, visuals and Yashs screen presence, others found the story confusing and compared its style with KGF and other recent mass entertainers.
Cyril Shroff and IIM Ahmedabad co-found the Cyril Shroff IIMA GC Leadership Academy
IIM Ahmedabad and Cyril Shroff have partnered to establish the Cyril ShroffIIMA GC Leadership Academy. The initiative will offer research and executive education to prepare General Counsels for wider leadership roles spanning strategy, governance, technology, finance and risk.
US-Iran war news: The United States is pushing for secure passage for commercial vessels through the Strait of Hormuz. Meanwhile, Iran and Oman are in talks to establish a temporary shipping lane for oil transport. However, the U.S. remains doubtful about Iran's commitments to maritime safety. Both countries aim for an agreement on this crucial waterway, which could pave the way for restoring halted oil exports in the near future.
Justin Trudeau and Katy Perrys high-profile romance has sparked fresh attention after Alabama Senator Katie Britt questioned how the unlikely celebrity couple first met. Britt also joked about seeing the former Canadian prime minister frolicking with Perry, saying, He used to be in charge of a whole country. Katie Britt's question remains one of the biggest mysteries surrounding the couple: How exactly did Justin Trudeau and Katy Perry meet?
ETs roundup of the wackiest whispers in corporate corridors
UP CM Yogi Adityanath calls on PM Modi
Uttar Pradesh's Chief Minister, Yogi Adityanath, had a cordial meeting with Prime Minister Narendra Modi in New Delhi on Saturday. During their discussion, he expressed how the Prime Minister's leadership motivates his commitment to effective governance. The Prime Minister's office later confirmed this warm interaction via a post on X, showcasing the importance of political collaboration and leadership dialogue in the current landscape.
PVR INOX bets on smaller multiplexes as single-screens decline
PVR INOX plans to add one thousand screens over five years. The company is focusing on smaller cities and affordable multiplex formats. This expansion utilizes asset-light models with developer funding for projects. Single-screen cinemas are declining, creating opportunities for multiplex growth. PVR INOX aims to reach underserved markets with wider audience choices.
India aims for electric air taxis to fly by 2028, with testing accelerating next year. Electric vertical take-off and landing aircraft offer new mobility for major congested cities. Sarla Aviation is developing a six-passenger eVTOL aircraft with seven electric motors. Affordability and safety are key for commercial viability, with localization reducing costs. These aircraft could significantly cut travel times and find uses in medical evacuations.
Assam CM Himanta Biswa Sarma visits flood affected areas of Darrang district
Assam Chief Minister Himanta Biswa Sarma visited flood-affected Bengabara and Naharbari villages. He assessed the damage and reviewed ongoing repair works on breached river embankments. The Chief Minister interacted with people taking shelter in relief camps and assured them of full support. He promised special measures to rebuild embankments with enhanced strength for better protection. The state's flood toll has reached 98, affecting 1.55 lakh people across 13 districts.
Quote of the day by Mark Twain carries a broader philosophical message. Human beings naturally seek certainty. We like schedules, predictions, routines, and expectations because they make an unpredictable world feel manageable.
Elon Musk's X is replacing its Creator Revenue Sharing with the Original Content Rewards Programme, focusing on original posts.
Farhan Akhtar recalls a simple moment from a recent holiday when he saw two elderly men meeting at a beach shack for ice cream sundaes, which made him think of Akash, Sid and Sameer from Dil Chahta Hai. The filmmaker says the films friendship theme has become even more relatable with age, as work, responsibilities and time can slowly create distance between close friends.
BPS says 2026 Economic Census captures Indonesia's changing economy
The EPFO offers pension benefits to employees with over 10 years of service in the EPF scheme, following the EPS 1995 guidelines. Members can withdraw their PF amount at retirement and opt for various pension schemes depending on their circumstances.
Health insurance portability allows switching insurers without losing benefits like waiting periods and no-claim bonuses. However, issues arise from agents misusing this process for profit.
Shiprockets new businesses grow 65% as logistics firm eyes 1,618-crore IPO
The companys shift towards businesses such as checkout, advertising, data and omnichannel logistics is central to its strategy to build a broader technology platform for Indias small and medium businesses
It is common knowledge that loneliness, common stress, and even lack of physical activity can eventually slow down your brain. Taking to Instagram, an AIIMS-trained neurosurgeon shared ten commandments to slow down brain ageing and protect cognitive health.
Scientists are rethinking the role of the thymus, a tiny organ behind the breastbone that was long considered largely useless in adults. A new Nature study found that healthier thymuses were linked to lower risks of death, lung cancer and cardiovascular disease, suggesting the organ may play an important role in adult health and longevity.
UPI MDR: Who will pay, who wont, and what the new rules mean | Government clarifies
The government confirmed UPI will remain free for consumers and small merchants, with potential MDR charges applicable only to select transactions above a threshold.
FSSAI suspends licences of VKC Nuts, Chheda Specialities over violations
FSSAI suspended licenses for VKC Nuts and Chheda Specialities Foods due to serious food safety issues. Live insects and mould were found at VKC Nuts, alongside rodent damage and poor machinery conditions. Chheda Specialities Foods had food handlers working with bare hands and extensive fungal growth near storage tanks. Previous samples from Chheda Specialities Foods were declared unsafe or misbranded by the authority.
Buying or selling property in India poses challenges for NRIs due to complex regulations and tax rules. A missing PAN card can lead to higher TDS, while compliance errors can result in delays.
Govt to launch seafarer tracking dashboard on August 15
This will enable constant monitoring, co-ordinated action and an effective response to support seafarers in an event of crisis
Oriom Group Enters Real Estate Sector, Launches Oriom Realty To Tap Odishas Urban Growth Story
Odisha is entering a transformative phase driven by industrial expansion, infrastructure development and rapid urbanisation: Oriom Realty company
Indias balancing act to attract more investment from China, U.S. and boost trade
This balancing act has seen gradual and incremental relaxations in several long-held policies of the government whether it has to do with FDI in e-commerce, allowing FDI from companies with Chinese ownership, or taking action against the dumping of goods in India by its trade partners.
The Delhi government launched the Delhi Lakshmi Yojana to provide 2,500 monthly to eligible women. The application began on August 1, 2026, with over five lakh registrations by Saturday afternoon. Women aged 21-60 with an annual income of up to 2.5 lakh can apply.
The 8th central pay commission begun its four-day state visit to the national capital, with plans to interact with associations, federations, unions of central government, UT employees located or registered in Delhi.
IRDAI asks insurers to submit premium, claims, investment data for ISP
Details needed to facilitate data requirements of Union Ministry of Statistics and Programme Implementation in preparation of the Index of Service Production, says IRDAI
Federation of Indian Pilots writes to PM Modi, proposes Civil Aviation Authority
Indian pilots propose a new Civil Aviation Authority to enhance regulatory independence. This move addresses international concerns and the aviation sector's rapid expansion. The proposed body would replace the Directorate General of Civil Aviation. It aims for greater financial and administrative autonomy in aviation oversight. This initiative seeks to strengthen India's aviation safety and global standing.
Jana Nayagan, starring Thalapathy Vijay, is reportedly heading for its digital premiere after its theatrical run. Directed by H Vinoth, the political action thriller has remained in the spotlight due to Vijays star power and its significance as his widely expected final film. While reports about its OTT release have surfaced, an official announcement from the makers and streaming platform is still awaited.
Bengaluru: Railway Board accords in-principle approval for BMRCL's CBTC signalling system
The Railway Board has approved CBTC signalling for BMRCL's Pink Line and Blue Line. This approval is a significant step towards opening the Pink Line for passenger services. The same approval also covers the Blue Line extending to Kempegowda International Airport. BMRCL will now proceed with remaining steps for the Pink Line's opening.
India's economy shows resilience against US sanctions on Russian crude oil. Potential tariffs on nations buying Russian oil will minimally impact India's economy. Shifting away from Russian supplies offers limited financial benefits now. India has strengthened non-dollar payment channels to mitigate risks. Global price shocks pose a greater threat than changing oil suppliers.
UPI is and will remain free: PhonePe's Sameer Nigam assures amid growing doubts over MDR Bill
Nigam's comment comes a day after the Payments Council of India clarified that UPI would remain free for consumers. It also noted that small merchants would not be required to pay MDR for accepting UPI payments.
What makes a real leader? According to an old Welsh proverb, leadership is not about subjugation or exerting your dominance on others but about being a bridge that brings people of various walks of life, cultures, and opinions together.
RBI proposes leverage buffer for branches of global systemically important banks
Under the draft directions, a branch of a G-SIB operating in India will be required to maintain a minimum leverage ratio of 3.5 per cent, along with the leverage ratio buffer applicable to the parent global bank, including any additional buffer prescribed by its home regulator.
Birla Estates arm buys FSI from Parinee entities for Rs 159 cr
Birla Estates has successfully acquired almost 90,000 sq ft of FSI for over Rs 159 crore, a strategic move aimed at bolstering their society redevelopment efforts in Khar, Mumbai. This FSI was secured via a Slum Rehabilitation Authority scheme from Kandivali. The development rights will be transferred and applied to a larger property in Khar, enhancing the region's premium living environment.
Starting to invest at 25? 4 simple steps to build your financial roadmap
Rony, a 25-year-old first-time earner with low risk tolerance, is overwhelmed by investing. A structured four-step formula can guide him: maintain liquid funds for emergencies, prioritise insurance, allocate investments based on timelines, and track real returns to make informed decisions.
Quote of the day by Arnold Schwarzenegger: Arnold Schwarzeneggers iconic quote emphasizes that failure is not an endpoint, but an essential mechanism for personal transformation and strength. Drawing a direct parallel to resistance training in bodybuilding, where muscles must be strained to structural failure before they can rebuild stronger, Schwarzenegger argues that human character requires similar friction. Without encountering limits, individuals remain unaware of their true capabilities and cannot achieve meaningful self-growth. This timeless insight serves as a masterclass in reframing setbacks into psychological resilience and long-term achievement.
Billionaire Michael Moritz and his wife, artist Harriet Heyman, are offering up to $150 million through their Crankstart foundation to find bold ideas that could improve life in San Francisco. Their global Boundless San Francisco competition is seeking solutions to challenges including the citys housing affordability crisis, homelessness, public safety, transportation and post-pandemic economic decline. Up to three winning organisations could receive as much as $50 million each to turn their ideas into lasting projects.
ADNOC confirms one of its vessels targeted by missile while transiting Strait of Hormuz
An ADNOC vessel faced a missile attack while sailing through the Strait of Hormuz. The incident occurred early Saturday morning, August 8, with no reported injuries. The company confirmed the situation has been brought under control by authorities. Official sources are the only recommended places for information. Rumors and unverified details should be avoided by the public.
Jemimah Rodrigues ruled out of The Hundred with hamstring injury; Participation in Asia Cup doubted
Indian batter Jemimah Rodrigues has been ruled out of The Hundred due to a hamstring injury. She was a key performer for Southern Brave, scoring 143 runs in six matches. Her absence is a significant blow as the competition enters its decisive phase. Australian allrounder Charli Knott has been signed as her replacement. This withdrawal also raises concerns for India's upcoming Asia Cup campaign.
Delhi govt's drone policy likely to get nod soon; aims to create over 1000 jobs
Delhi's IT minister announced a new drone policy aiming to create over one thousand jobs. This comprehensive policy will focus on research clusters and flight testing facilities. It also plans to utilise drones for traffic management and surveillance purposes. The government will allocate a separate budget for infrastructure and implementation.
Iran releases video claiming to show captured US Reaper, Israeli Hermes drones
Iran has unveiled footage of what it claims is the wreckage of US and Israeli drones, demonstrating its air defense capabilities. However, these assertions regarding the downed drones remain unverified by independent sources. The drones featured, the US MQ-9 Reaper and Israeli Hermes 900, are both sophisticated surveillance systems, further emphasizing Iran's strategic military posturing amid ongoing regional tensions.
Air India Phuket-Delhi turbulence: DGCA probe on, 4 crew members still hospitalised
Four crew members remain hospitalized following severe turbulence on an Air India flight. Most passengers from the incident have already been discharged from medical care. The Directorate General of Civil Aviation is currently investigating the cause of the turbulence. The regulator is also developing guidelines for emerging aviation technologies. India is creating its own aviation standards rather than copying others.
Punjab Finance Minister Harpal Singh Cheema said the state govt is considering legal options, including appealing to the Supreme Court, after the Punjab HC directed it to clear pending DA within 15 days.
Jharkhand govt holds talks with various outfits amid paper leak protests, fails to break deadlock
Jharkhand government held talks with protesting aspirants over alleged exam paper leaks. The government panel met with various factions of students demanding reforms. Protesters decided their stir would continue until all demands are met. Students seek cancellation of the 14th JPSC Civil Services Examination. The agitation entered its fifteenth day with no resolution reached.
Gross GST collections grow 15.4% to more than 2.11 lakh crore in July on higher imports, sales
Tax collection from domestic transactions grew 10.1% to more than 1.44 lakh crore, while gross revenues from imports were up 29% to 66,511 crore
Indias unsold home inventory is piling up in premium segments: Report
Unsold housing inventory in India increased by four percent by mid-2026. Lower-priced homes saw continued absorption, while premium segments experienced inventory growth. The time to sell existing stock slightly increased due to rising inventory and flat sales. Ahmedabad and the National Capital Region showed the longest inventory clearance times. Pune and Chennai demonstrated stronger absorption rates for residential properties.
RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
The Union Minister said a lot of aspects have been resolved with the help of the RBI, and also welcomed the raising of limits on gold loans and permitting one-time settlements for UCBs
A $110 million question: How safe are crypto wallets and whats the best way to store bitcoin?
Bitcoin has evolved into a mainstream financial asset but carries significant risks, as highlighted by its sharp price drop. Despite being recognised for tax purposes in India, investor caution persists regarding crypto safety.
What is Meghan Markles superpower? Duchess of Sussex reveals who inspires her to be brave
In an inspiring discussion about Archewell Productions' inaugural documentary, Meghan Markle revealed that her daughter Lilibet is a source of her bravery and confidence. She passionately stated that being a mother is her true superpower. The documentary, titled Cookie Queens, features young Girl Scouts tackling business challenges. Meghan attended a special California screening to celebrate this significant project.
NBFC gold loans continue near 70% growth, reach Rs 3.41 lakh crore in June: RBI
Non-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June 2026, outpacing overall retail loan growth. Housing and vehicle loans also displayed robust credit growth during this period. The Reserve Bank of India strengthened regulations for gold and silver collateral loans. Credit to industry and services sectors experienced a moderation in growth.
Archaeologists discovered an elaborate Roman villa beneath farmland in southwest England. The site revealed a well-preserved polychrome mosaic floor dating to the fourth century AD. An unexpectedly sophisticated bathhouse with plunge pools was also unearthed during the excavation. Luxury artifacts, including a gemstone and bracelet, were recovered from the ancient villa. These findings highlight the considerable wealth and high social standing of its former inhabitants.
Gold, silver prices today: Check rates in Mumbai, Delhi, Bengaluru and Chennai on August 8
Gold prices in Delhi rose by 200 to 1.54 lakh per 10 grams on Friday, extending gains for the fourth straight session. Silver remained unchanged at 2,34,800 per kilogram, inclusive of all taxes, after witnessing a sharp rise in the previous session.
RBI has proactively helped UCBs; cooperatives should look at regulator differently: Amit Shah
Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proactive assistance to the sector recently. Shah also emphasized the safety of small borrowers for lenders. The National Urban Cooperative Finance and Development Corporation will relocate its head office. This move aims to strengthen the cooperative banking sector across key states.
NMPA handles maiden steel grade pig iron cargo
According to NMPA, the maiden export shipment comprised 31,500 tonnes of steel grade pig iron to Kenya aboard m.v. Resolute Bay with Stemcor as the overseas buyer
NMDC cuts iron ore prices from August 8
The company's cumulative production during April-July 2026 stood at 19.16 MT, while sales were at 15.15 MT, reflecting sustained operational momentum
Nomination mandatory for demat accounts, MF folios from Sept 1: What if you don't want a nominee?
SEBI revised nomination norms for single-holder demat accounts and mutual fund folios, effective September 1, 2026. Here's what to do if you don't want to choose a nominee.
10 personal finance rules to build wealth, reduce risks and create a financially secure future
Check out the 10 essential personal finance rules every Indian should follow to build wealth, manage taxes, reduce debt, invest through SIPs, and secure financial stability with insurance, emergency savings and disciplined investing for long-term financial success.
Rahul Gandhi is actively connecting with Gen Z through genuine social media interactions. Recently, he opened up about his fitness regime, stressing the necessity of persistence and consistency in workouts. He underlined the significance of healthy eating and minimizing alcohol intake. Gandhi promotes a holistic approach to health, showcasing Instagram as a vital platform for engaging with younger voters effectively.
The Traitors Season 2 brings 21 celebrities together for a high-stakes game of trust, strategy and deception. Hosted by Karan Johar, the contestants must identify the hidden Traitors while trying to survive challenges, secret alliances and eliminations. Set at Jaisalmers Suryagarh Palace, the new season promises more twists, betrayals and unexpected turns. Read on to know when it will start streaming on OTT.
India warned Diageo that its whisky's 'matured in American oak casks' claim was misleading
India's food safety regulator has warned Diageo about misleading whisky maturation claims. The FSSAI stated that most of the product was not matured as labeled. This warning follows a ban on some Diageo and Inbrew spirits for artificial flavoring. The regulator is increasing scrutiny of liquor companies for incorrect labeling.
Fresh 100% US tariff threat could add to India's inflation, CAD pressures: CareEdge
Gupta said that if India is forced to reduce its dependence on Russian crude while the Strait of Hormuz remains disrupted, global oil supplies could come under severe pressure, potentially pushing crude prices beyond $100 per barrel
India's energy transition may create new import dependence on critical minerals: CII-EY
Critical minerals such as lithium, nickel, cobalt, silicon and rare earth elements will become increasingly important for the clean-energy transition
Fujiyama commissions 2 GW power electronics manufacturing facility at Ratlam
Fujiyama Power Systems has commissioned a new 2 GW power electronics manufacturing facility. This facility in Ratlam will produce solar inverters and UPS systems. The expansion increases Fujiyama's total power electronics capacity to 4.2 GW. This move strengthens their integrated manufacturing for the rooftop solar value chain. A battery manufacturing facility is also progressing as planned at the complex.
Loneliness can signal a need for introspection and self-connection. Douglas Coupland's quote suggests spending time alone helps understand feelings. Solitude offers uninterrupted time for personal thought and reflection. This quiet time aids in identifying underlying emotions and needs. Ultimately, self-reliance grows from embracing moments of being alone. Read on to know why the quote feels relatable.
Quote of the day: Actor James Pickens Jr. shared a quote about finding peace in the popular show Grey's Anatomy, in simple moments. His quote emphasizes that small comforts like coffee and sunlight can ease troubles. This message offers a vital mental health reminder for modern, high-pressure lifestyles. Prioritizing these quiet rituals builds internal capacity to face hardships effectively. The enduring message encourages cultivating optimism and embracing life's continuity.
PPF vs SCSS vs SSY: Which government savings scheme suits your financial goals best in 2026?
Compare PPF, SCSS and SSY to understand their interest rates, eligibility, tax benefits, and investment features. Learn which government-backed savings scheme best matches your retirement, long-term wealth creation or girl child financial planning goals.
Section 44AD allows eligible small business owners to declare income on a presumptive basis without maintaining detailed books. However, taxpayers must still disclose turnover and other taxable income sources while filing ITR.
SBI missed digital payments bus, now playing catch-up with YONO Pay: Chairman CS Setty
State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter.
Air India hikes pilot pay as airlines battle to retain cockpit crew
In a bid to enhance pilot retention, Air India and Air India Express have announced a salary hike of nine to fifteen percent. This initiative comes in response to fierce competition with IndiGo and other Middle Eastern carriers. Senior pilots, flying for forty hours per month, will now receive nearly seven lakh rupees.
India's crude oil import bill rises 26% to $49 billion in Q1 FY27 despite 18% fall in volumes
India's crude oil import bill rose significantly in early 2026-27. Higher global oil prices and supply disruptions increased costs for refiners. Russia remained India's largest crude oil supplier during this period. The nation imports most of its annual crude oil consumption. This dependence makes India vulnerable to global price fluctuations.
Proverb of the day: In any given situation, it is common for individuals to interpret events through their unique lenses. Our personal values and ingrained biases can significantly influence how we perceive the intentions of those involved. But today's modern proverb of the day highlights the profound impact of perspective on our understanding of reality and disputes. Embracing diverse viewpoints promotes dialogue and fosters understanding in a fragmented society, especially within the realms of social media where opinions can often clash.
Canadas PSP Investments weighs $1.5 billion sale of India roads
The Public Sector Pension Investment Board is considering strategic moves for its Indian road assets. This Canadian pension fund is engaging an advisor to explore the possibility of divesting these investments, which could be valued at approximately $1.5 billion. These assets have played a crucial role in the fund's expansion, drawing attention from other potential investors.
FSSAI crackdown sends food, beverage firms back to drawing board
Amid heightened regulatory scrutiny, Indian food and beverage companies are taking steps to update product labels and advertising claims. Regulators are stepping up the enforcement of established standards on consumer items and alcoholic beverages, prompting companies to review their packaging and messaging. Some have even opted to contest regulatory actions in court, as changing consumer preferences and a greater emphasis on label transparency push the industry toward clearer communication.
