33 C 
Gold prices saw an increase today across major Indian jewellery brands. Retail rates for 22K gold jewellery climbed at Tanishq and other stores. The India Bullion and Jewellers Association also reported higher gold and silver prices.
Gurugram's Sanya Sharma debuts homegrown EquiSense AI wearable for equine health
A Gurugram student created a wearable platform for horse health monitoring. This indigenous solution uses multiple sensors to track vital signs and movement. EquiSense AI analyzes data to provide timely alerts and explanations to caregivers. Sterling Stables has already placed a paid order after successful product trials.
L&T plans to manufacture rare-earth magnets in India to challenge Chinas dominance
Larsen & Toubro is planning to bid for Indias incentives to manufacture rare-earth magnets domestically, people familiar with the matter said. The move would mark a new business for the engineering giant as India seeks to reduce dependence on China, which controls about 90% of global rare-earth magnet production.
Mutual fund SIP inflows climb marginally MoM to Rs 31,961 crore in July
On a year-on-year basis, SIP inflows increased 12% from Rs 28,464 crore in July 2025.
Motor insurance bills could feel the pinch as insurers crack down on third-party fraud
Motor insurers are intensifying efforts to curb third-party claim fraud as rising court awards and more uninsured vehicles increase pressure on the segment, potentially affecting insurance costs. Go Digit secured a Madras High Court order for district-level probes in Tamil Nadu into fraudulent claims, while insurers also face higher liabilities following a recent Supreme Court ruling on compensation.
Employee denied compensation as he lost his left leg due to accident at workplace during lunch-break; Delhi HC orders insurance company to pay Rs 7.86 lakh with 12% interest under Employee's Compensation Act, 1923. Know how he won the case in high court.
Equity mutual fund inflows fall 15% to Rs 24,697 crore in July; smallcaps lead inflows
Equity mutual fund inflows fell 15% month-on-month to Rs 24,697 crore in July, with small-cap funds attracting a record Rs 7,767 crore. Debt funds saw a sharp turnaround, recording Rs 1.87 lakh crore in inflows after two months of outflows. Hybrid fund inflows declined 11%, while passive fund inflows fell 25% during the month.
Hyundai Motor India targeting having on road one million connected cars by 2027
Hyundai Motor India aims to have 1 million connected cars on Indian roads by 2027, up from 0.8 million currently. Its Bluelink platform offers over 70 connected features and more than 450 AI-powered voice commands.
FM leases 220,000 sq ft office space at Bhartiya Centre in Bengaluru
FM, earlier known as FM Global, has leased significant office space in Bengaluru's Bhartiya Centre. This move aligns with India's record office space absorption in the first half of 2026. Bengaluru leads the nation's office market, driven by global capability centers. Future expansion at Bhartiya Centre will add millions of square feet. The Indian office market anticipates sustained occupier activity throughout the year.
How should my NRI children disclose gifts received from relatives in ITR-2?
ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax department has also not responded to the grievance lodged on its portal regarding this issue. Kindly guide us on how such gifts should be reported in the ITR so that they can file their returns.
Indofast, GLIDA to set up 100+ battery-swapping stations across India
Indofast Energy and GLIDA will co-locate battery swapping stations at charging sites. They aim to establish fifty sites with over one hundred swapping stations. This collaboration creates integrated EV energy destinations for users. Delivery riders and fleet operators will benefit from quick battery swaps. The partnership accelerates Indofast Energy's network expansion into high-footfall markets.
Man purchased flat from PNB in auction but got only 1 parking spot for his 6 vehicles; housing society used wheel jammer to clamp wrongly parked vehicles; Maharashtra co-op appellate court rules society needs to give 48 hour notice with reasons to clamp wrongly parked vehicle. Know what happened in this case.
EPFO Vishwas 2026: Eligible firms can settle pending EPF damage cases at reduced rates till 29 Dec
EPFO Vishwas 2026 offers eligible establishments a special window to settle pending EPF damage cases at reduced rates. The scheme covers cases before the Supreme Court, High Courts and CGIT, with settlements available until 29 December 2026.
Sovereign Gold Bond: The Reserve Bank of India has revealed the redemption prices for select gold bond series, which can be redeemed prematurely after a five-year period from their issuance. The redemption amount is determined by taking a three-day average of gold prices.
Longer third-party cover, upfront costs: are compliant customers paying the price?
For a new vehicle buyer, the immediate impact of the order to extend the upfront tenure of mandatory third-party motor insurance could be a higher upfront payment. Consumer choice could also be affected.
AI in banking must move beyond retail to farms, MSMEs: SBI Chairman Setty
In a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sector. He asserted that widening credit opportunities for small businesses and farmers through AI is essential to realize India's ambition of a developed economy by 2047. Additionally, AI could refine farm-level decision-making and risk management, as banks strive to enhance defenses against advancing cybersecurity threats.
RBI Governor Malhotra outlines which Indian banks will win the AI era
RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes, rather than simply adopting AI faster. Speaking at FIBAC 2026, he said AI will reshape risk assessment, customer service, capital pricing and banking operations, while Indias digital public infrastructure provides a strong base for AI adoption.
Income tax notice: Filed ITR before July 31? 5 reasons you could still get a notice
When the right audience is listening, partnerships become a strategic advantage
For brands targeting business decision-makers, visibility alone is not enough. Boschs partnership with ET demonstrates how credible platforms can transform audience access into meaningful relevance, influence and engagement.
Rising healthcare costs have become the biggest financial concern for corporate employees, with 94% saying unexpected medical bills cause financial stress. Despite this, 45% have no personal health insurance beyond employer-provided cover.
The WhiteOak Capital Dividend Yield Fund is currently available for subscription, presenting an opportunity for investors aiming for both capital appreciation and steady income. By focusing on dividend-paying companies and varied equity instruments, including investments in REITs and InvITs, the fund seeks to balance income generation with potential long-term grow
Zero forex markup credit cards: Does it mean zero cost? Check this before your international travel
Planning an international trip? A 'zero forex markup' credit card promises savings, but hidden charges and fluctuating exchange rates can still impact your costs. Discover what this popular travel perk truly means, when it saves you money, and if a prepaid forex card might be the smarter choice for your next adventure.
4 good reasons to give when asked why you're leaving your job (and 5 to avoid)
FCNR(B) deposits serve as a reliable investment option for NRIs wishing to secure foreign earnings in India. Penalties can differ across institutions, so it's essential to consult individual bank policies before considering any withdrawals.
Quit your job? Your health insurance just vanished; 5 things to know
Gold and silver prices today, 11 August: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Best tax saving mutual funds or ELSS to invest in August 2026
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
Lower or nil TDS certificate: Govt plans online application route to reduce compliance burden
The government is preparing rules to enable online applications for nil- or lower-TDS certificates under the Income Tax Act, 2025. The move could simplify compliance, reduce excess TDS deductions and help eligible taxpayers avoid refund delays.
Raymond Lifestyle eyes Europe for 25% of exports, cuts US dependence
Raymond Lifestyle expects Europe to contribute up to 25% of its exports within two years as the apparel maker reduces reliance on the US amid shifting tariff policies. CEO Satyaki Ghosh said European inquiries have risen after Indias trade deals, while new customers and expanded production capacity are supporting growth.
EPS pension hike: Will minimum pension rise from Rs 1,000 to Rs 7,500?
Minimum EPS pension: Pensioners are advocating for a boost in the minimum EPS pension. The government reassured them that existing pensions are backed by appropriate budget allocations. A considerable number of pensioners benefit from the EPS scheme, and recent Supreme Court rulings have enabled many employees to qualify for increased pensions. While the government is dedicated to enhancing social security, it prioritizes the sustainability of funds.
The new wage code provides for overtime at not less than twice the normal wage rate, but this does not automatically revise OTA for Central government employees.
8th Pay Commission Demand: Pensioners want DA revised every 3 months, DR merged with pension at 25%
8th Pay Commission: Bharat Pensioners Samaj has urged the Commission to revise DA and DR quarterly, merge DR at 25%, raise minimum pension to 45,000 and ensure pension parity.
Brookfield India REIT, NCW fund to buy BKC office space for Rs 1,700 crore
Brookfield India REIT and NCW's Prime Offices Fund will jointly acquire a Mumbai office space. This significant transaction involves an enterprise value of Rs 1,700 crore for the property. The acquisition marks Prime Offices Fund's initial entry into the Mumbai real estate market. Brookfield will continue to manage the acquired office space after the deal. This move strengthens Brookfield India REIT's portfolio and presence in Mumbai.
Can you build a 5 crore retirement corpus on a 15 lakh salary with EPF alone?
Can EPF contributions secure a comfortable retirement for those with higher salaries. With an annual income of 15 lakh, one can potentially accumulate a significant retirement fund corpus. However, rising inflation and healthcare expenses highlight the urgent need for a diversified investment strategy to ensure a financially stable future.
Quick commerce platforms anticipate hiring thirty to forty percent more temporary workers this festive season. This surge reflects increased product availability and consumer preference for instant deliveries. Tech-savvy individuals are particularly sought after for specialized operational roles. Staffing firms project around one hundred thousand temporary jobs, with some estimates reaching three hundred thousand. Wages are expected to rise between twelve and twenty-two percent based on work location.
ICICI Prudential AMC to buy ISecs' PMS business
ICICI Prudential AMC's board approved acquiring ICICI Securities' PMS business. This acquisition will broaden the company's existing portfolio management offerings. The PMS business caters to high net worth individuals with customized investment solutions. Assets under management stood at 2,910 crore as of March 31, 2026. The transaction is expected to be completed within a year after approvals.
Rs 20,000 crore credit guarantee plan misses the mark
Banks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with smaller microfinance institutions. Larger microfinance companies are hesitant to borrow under the government's guarantee program. About one thousand crore rupees went to small and medium-sized microfinance entities.
Top 5 city gas distributors drive over half of CBG sales
Five city gas distributors led national compressed biogas sales in 2025-26. The overall blending ratio reached 0.92%, nearing the government's one percent mandate. Torrent Gas and BPCL spearheaded efforts to blend biogas with natural gas supplies. India currently operates 207 functional compressed biogas plants to boost output. A new scheme aims to strengthen the biogas program through assured demand and stable pricing.
Doctors' safety alert led to Sun Pharma eye drop recall
Sun Pharma recalled eleven eyecare products after an eye specialists' body issued a safety alert. This alert warned about bacterial contamination found in certain batches of their Predmet eyedrop medicine. The All India Ophthalmological Society stressed patient safety due to potential serious ocular infection risks. Sun Pharma stated the recall was a precautionary measure while investigations continued. The company assured that other products were manufactured at different qualified sites.
Indian Football League plunges into crisis after Tata Steel exit
The ISL's media rights value has fallen from 275 crore a year paid by JioStar to 8.6 crore offered by FanCode for the 2025-26 season. JioStar had bid 5 crore for the property. FanCode and Sony Sports Network broadcast the league after intervention by the sports ministry helped facilitate the staging of the season, with the organisational burden falling disproportionately on the clubs.
Lenders seek RBI approval to spread their MTM losses
Indian banks have sought RBI approval to spread mark-to-market losses on investment portfolios across the remaining three quarters, citing bond-market volatility triggered by the West Asia crisis. Rising government bond yields have weighed sharply on banks treasury income.
Mines Act update proposes to curb states' tax powers
The Centre has proposed limiting states powers to impose taxes, cess and other levies on mineral rights and mineral-bearing land, seeking a more uniform fiscal framework and lower costs for miners following a 2024 Supreme Court ruling allowing additional state taxes.
Most UPI transactions to stay free: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said UPI transactions will remain free for consumers, with most low-value payments also staying free. Any future MDR would apply only to limited merchant transactions above a prescribed threshold, with its scope to be decided later.
India is scanning more and withdrawing less as digital payments take over
Indias payments network is shifting towards software-based channels, with UPI QR codes and online card transactions growing while ATMs and other hardware-based infrastructure stagnate or decline. UPI QR codes rose 16.9% year-on-year to 792.6 million in June.
TRAI rolls out 1601 series for utility, delivery calls
The Telecom Regulatory Authority of India has rolled out a new numbering system with the 1601 series, aimed at service and transactional calls from utility companies. This initiative also includes courier and logistics services, ensuring these communications are distinct from other sectors. The goal is to safeguard essential financial and governmental transactions, while the 1600 series will still be designated for BFSI and government communications.
NBFCs outpace banks in June as cards lose some credit
NBFCs outpaced banks in retail lending growth in June, with loans rising over 20% year-on-year compared with 16% for banks. Growth was driven by jewellery and consumer durable loans as banks remained cautious in unsecured and low-ticket lending segments.
Plea received to waive airline cross-holding rules: Centre
The government said AAI has received a request to waive airport-airline cross-holding restrictions, though the civil aviation ministry has yet to examine it. Any relaxation could attract new airline investment but faces concerns over competition, airport access and potential conflicts of interest.
Lightstorm secures 2,500-cr debt for AI fibre network
Lightstorm has raised 2,500 crore from IndusInd Bank to build AI-focused fibre infrastructure connecting major data centre clusters across India. The 10-year debt facility will support connectivity between hubs including Mumbai, Chennai and Hyderabad and international AI zones.
Medical devices are not pharma products, companies say while opposing Draft Bill
Indias medical device industry and healthcare groups have opposed the draft Drugs, Medical Devices and Cosmetics Bill, 2026, arguing that treating medical devices like pharmaceuticals and imposing criminal penalties for regulatory lapses could hurt manufacturing, investment and innovation.
'We may apply for universal banking licence within a year'
Equitas Small Finance Bank aims to nearly triple advances to 1.2 trillion in five years, while preparing for a possible universal banking licence application within a year
SEBIs FY26 data shows top five small-cap funds take 51 days to liquidate half their portfolios, versus 23 days for mid-caps. Experts say lower small-cap liquidity and rising AUM can increase redemption risks, making stress-test trends worth monitoring.
Riding the wave: Active momentum funds beat market volatility whats the strategy?
Momentum strategies capitalise on market trends by purchasing ascending stocks while exiting underperforming names.
Overseas equities or crypto: Where are Indian investors putting their money in 2026?
Indian investors are looking beyond domestic markets, with overseas equities and crypto both seeing strong participation. The data reveals that investors are using both as part of a broader diversification strategy.
Air India's A320 plane suffered glitches, turbulence during Phuket-Delhi flight: Sources
An Air India A320 encountered severe technical issues, including three hydraulic failures, which led to a sudden loss of about 300 feet in altitude. Teams from France and Airbus are set to aid the Aircraft Accident Investigation Bureau in their inquiry. Some passengers and crew members sustained injuries during the incident, and results from pilot-in-command testing for psychoactive substances are still pending.
8th Pay Commission: Govt gives status report in Lok Sabha; what employees should know
The government said the 8th Pay Commission was given 18 months from the date of its constitution to submit its report. Here's who could benefit and what remains undecided on salaries and pensions.
Ethanol-blended fuel's use can impact environment, land-use patterns: Experts
The experts also highlighted that going forward, the government should decrease ethanol-blended fuel prices to compensate consumers for a drop in efficiency and expenditures incurred due to wear and tear of vehicle components.
SPNI unveils festive content slate spanning Hindi, regional entertainment and sports
Sony Pictures Networks India has unveiled its festive season content slate. This slate includes fiction, reality, movies, regional programming, and live sports. Sony LIV is positioned as the digital home for all SPNI offerings. The lineup features established shows and new homegrown concepts. This diverse content aims to connect with audiences across India.
Multi-asset allocation funds may look similar, but their risk profiles can be poles apart. Of the 34 schemes, only one carries a Low risk rating, while five are rated High risk. The portfolio mix offers some clues.
Bengaluru food safety drive: 60 star hotels inspected, 1,089 kg food seized
Karnataka food safety officials inspected 60 three- and five-star Bengaluru hotels, seizing over 1,000 kg of allegedly unsafe, expired or mislabelled products. Notices were issued, some kitchens faced action, and samples from major international food chains were sent for testing.
HDFC Bank cuts MCLR by 5 bps, Bank of Baroda raises 3-month rate by 10 bps
HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points. HDFC's new rates became effective from August seventh for various tenors. Bank of Baroda's revised rate will take effect from August twelfth. The banks are adjusting their marginal cost of funds based lending rates.
Ethanol, EVs must coexist in India's clean mobility transition; E20 mileage impact limited: IFGE
IFGE said India needs a diversified energy strategy comprising ethanol, electric vehicles, hybrids, CNG and hydrogen, particularly as nearly 300 million internal combustion engine (ICE) vehicles remain on the country's roads.
Wockhardt takes on Indias superbug crisis with new antibiotic academy
Wockhardt has launched the Antibiotic Academy, an open scientific learning platform to strengthen clinical dialogue and evidence-based management of antimicrobial resistance in India. The initiative will connect clinicians, experts, hospitals, scientific societies and policymakers to promote appropriate antibiotic use.
Even if the RBI keeps the repo rate unchanged at 5.25% in 2026, your home loan EMI may not stay the same. MCLR-linked loans can move independently, while even repo-linked loans may see changes. Historical data reveals an uneven link between the MCLR and policy rate.
Vodafone Idea Q1 Results: Loss narrows to Rs 3,754 crore; revenue rises 6% YoY
Vodafone Idea Q1 Results: Debt-ridden telco Vodafone Idea on Monday narrowed its consolidated losses in the first quarter to Rs 3,754 crore. The loss stood at Rs 6,608 crore in the last year quarter. Revenue from operations increased 6% YoY to Rs 11,689 crore.
The proposed tax change could make REIT and InvIT dividends tax-free for investors regardless of the tax regime chosen by the underlying SPV. However, interest and other components of distributions will remain taxable, so investors must check the payout breakup before calculating post-tax returns.
Ladli Behna Yojana MP: 39th instalment of 1,500 may arrive early as Raksha Bandhan gift
The Ladli Behna Yojana serves as a crucial pillar for economic empowerment, supplying eligible women across Madhya Pradesh with direct financial assistance of 1,500 every month.
Received an income tax notice? Here's why you should authenticate it and how to do it online
Filed ITR for AY 2026-27 and received an income tax notice? Before responding, taxpayers can authenticate it online to check whether it was genuinely issued by the department. Heres how the DIN and OTP-based verification can help you spot fake notices.
Festive demand set to lift FMCG growth, but margins face pressure
Consumer demand in India is expected to strengthen during the upcoming festive season. Companies face rising input costs and intense competition from quick-commerce platforms. Improving purchasing power supports this positive outlook for consumer spending. However, businesses must adapt to premiumization and digital shifts in consumption. Sustained growth hinges on margin protection and faster innovation strategies.
Parliament clears taxation bill, Sitharaman says UPI transactions to remain free
Parliament has passed the Taxation and other Laws (Amendment) Bill. Finance Minister Nirmala Sitharaman confirmed UPI will remain free for consumers. The legislation removes the linkage between payment systems and income tax. It also provides legal backing to modify zero-MDR frameworks for digital transactions. The bill aims to attract foreign capital and promote domestic manufacturing.
Graphic India, Sadhguru announce animated feature Shiva: The Adiyogi
Graphic India and Sadhguru are developing an animated feature film titled Shiva: The Adiyogi, which will explore Shiva's journey from transcendence to engagement with humanity. The film will culminate in the story of Shiva imparting the 112 ways of transcending the limitations of human existence, an account associated with the Adiyogi tradition.
Will lactose-free products be the next booming frontier in Indias dairy industry?
Lactose-free dairy is no longer an alternative-health product but an emerging value-added dairy segment that is creating new growth opportunities for Indias dairy industry.
NFO Update: SBI Mutual Fund launches balanced hybrid fund
SBI Mutual Fund has launched the SBI Balanced Hybrid Fund, an open-ended scheme investing in equity and debt instruments. The NFO is open until August 24, with a minimum investment of Rs 5,000. The fund will maintain a 4060% allocation each to equity and debt, targeting long-term growth and income.
Indias QS-ranked institutions rise from 11 to 52 since NIRF launch
Indian institutions in QS World University Rankings grew significantly since NIRF's 2015 launch. The National Institutional Ranking Framework promotes healthy competition among higher education institutes. Applications and unique participating institutions under NIRF have also seen substantial increases. The government supports higher education quality through various schemes and policies. These initiatives aim to improve overall educational quality and research capabilities.
Zostel withdraws latest Delhi HC application against Oyo parent PRISM
Zostel withdrew a new application against Oyo parent PRISM in Delhi High Court. The court dismissed the application as withdrawn, finding it lacked merit. This dismissal follows Zostel's withdrawal of an earlier application on July 8.
CREDAI welcomes Bengal realty reforms; seeks 8-month force majeure relief
CREDAI West Bengal welcomes the state government's proposed Standard Operating Procedure for building safety. Developers requested an eight-month extension for project approvals and completion validity. Scrutiny of 585 of 706 identified projects for mandatory audit has been completed. The association assured cooperation with the government in scrutinizing pending projects. This initiative aims to boost investor confidence and restart construction activity.
Chennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differential amount; ITAT Chennai gives him relief; Know why he won the case in ITAT Chennai.
ONGC, Shell India ink pact to explore deepwater blocks, LNG sourcing
ONGC and Shell Energy India have signed a non-binding agreement for exploration. They will explore deepwater and ultra-deepwater oil and gas opportunities together. The companies will also assess potential liquefied natural gas sourcing options. This collaboration aims to enhance India's energy security and domestic resource development. The partnership supports India's transition towards a more gas-based economy.
EB-5 Visa: Why timing matters before September 2026
To secure legal protection under the EB-5 program, potential investors need to submit their applications by September 30, 2026. This crucial deadline allows for grandfathering under existing laws. Post this date, there will be a significant increase in the minimum investment requirement, effective January 1, 2027. It's essential for families and business owners to weigh these important changes now.
TRAI directs use of 1601-series for service, transactional calls by utilities, logistics cos
TRAI mandates a new 1601 number series for transactional calls by other sectors. This initiative aims to separate these calls from sensitive BFSI and government communications. Utilities, courier, and logistics firms will initially adopt the dedicated 1601 number series. This move will help combat impersonation by fraudsters using regular ten-digit numbers. Telecom operators must complete onboarding eligible entities within ninety days.
Senior citizen to get Rs 3.96 lakh from housing society after housing society's faulty terrace repairs caused water leakage in his two flats; Maharashtra Co-Op Appellate Court order explained. Know how he won court case.
Inspectors seize thousands of Diageo whisky, vodka bottles in food safety crackdown
Indian inspectors seized approximately eighteen thousand boxes of Diageo liquor bottles. These bottles allegedly lacked required markings for safe recycled plastic usage. Diageo India confirmed the regulatory action, stating some bottles are quarantined. The food standards regulator is increasingly strict on labelling and compliance issues. This action follows recent bans on Diageo brands for misleading declarations.
Sanjiv Goenka-led RPSG arm to acquire 1.4 GW solar projects from ReNew for Rs 4,859 crore
In a move that signifies a major leap towards sustainability, CESE Ltd, under the RP-Sanjiv Goenka Group, is acquiring six solar projects, consolidating a total capacity of 1.4 GWp at a cost of Rs 4,859 crore. Following this acquisition, Purvah Green Powers capacity will reach 4.8 GWp, aligning perfectly with the group's goal to develop a robust 10 GW renewable energy platform.
Capital Gains Tax: How stocks, ETFs and equity mutual funds are taxed now
For equity mutual funds, exchange-traded funds and stocks, the holding period required to qualify as a long-term investment is more than 12 months. STCG on these assets is taxed at 20%, while LTCG is taxed at 12.5% on gains exceeding the applicable annual exemption threshold.
India considers curbing use of sugarcane for ethanol to tame record-high sugar market
India may limit sugarcane use for ethanol to increase sugar production with an aim to stabilise record-high sugar prices and ensure smooth domestic supply. Reduced rainfall in key states has raised concerns about next year's sugar output. The government might allow corn and rice for ethanol to maintain its blending program.
India expands LNG sourcing from 6 to 15 countries to cut supply risks: Govt
India has nearly trebled its liquefied natural gas suppliers to fifteen countries. The nation also broadened its crude oil sourcing network to forty-one countries. This diversification reduces dependence on any single supplier or transit route. India is also expanding its strategic petroleum storage capacity to manage supply shocks. These measures strengthen the country's energy supply resilience against disruptions.
Parliament has approved the Bankers' Books Evidence Bill, 2026, marking a significant advancement in accepting digital records within the banking sector. This contemporary law nullifies the obsolete 1891 Act, allowing for electronic documentation to be admitted as evidence, provided its integrity can be vouched for. Furthermore, it offers improved legal safeguards for bank personnel, aligning India's legal practices with the fast-paced digitization of its economy.
Have Rs 10 lakh to invest for 3-5 years? Heres how to structure your mutual fund portfolio
India's peak power demand rises 12% in April-June, evening supply gap widens to 3,045 MW: Govt
India's peak electricity demand rose 12 per cent from April to June over the same period last year. An all-time high of 270.8 gigawatts was recorded in May. June saw an evening supply gap of over three thousand megawatts.
NFO Alert: Bandhan Mutual Fund announces launch of contra fund
Bandhan Mutual Fund has launched the Bandhan Contra Fund, an open-ended equity scheme targeting fundamentally strong but out-of-favour businesses. The NFO closes August 24, follows a contrarian strategy and aims to benefit from improving fundamentals and eventual market re-rating.
Retailers cooking gas losses dip in August, but government dues top Rs 59,000 crore
Fuel retailers' revenue loss on subsidized LPG narrowed to Rs 188 per cylinder in August. This marks a sharp decrease from the Rs 500 loss reported in the previous month. The government paid Rs 30,000 crore to clear past subsidy dues. However, outstanding payments to retailers still exceed Rs 59,000 crore. This compensation mechanism shields households from price volatility.
