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INDIA BUSINESS | Fri, 7 Aug 2026, 10:01PM IST Indian Railways has implemented strict measures to address violations related to food quality and hygiene. The initiative includes imposing fines amounting to Rs 5.13 crore and the termination of contracts. By conducting regular inspections and surprise checks, they aim to enhance food safety compliance. The introduction of modern base kitchens, along with the installation of CCTV cameras, is intended for vigilant monitoring.

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INDIA BUSINESS | Fri, 7 Aug 2026, 9:43PM IST Indian airlines Akasa Air and Air India Express confirmed their Boeing 737 fleets are not impacted by a recent FAA directive. This directive mandates inspections for potential fuselage cracks on certain Boeing 737 aircraft models. Akasa Air stated its young fleet will not reach inspection thresholds for many years. Air India Express also confirmed its approximately eighty Boeing 737 planes are unaffected by the order.

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INDIA NEWS | Fri, 7 Aug 2026, 9:34PM IST India is not in favour of a BRICS currency and does not support the introduction of any such scheme, Commerce and Industry Minister Piyush Goyal said on Friday. BRICS group comprises 11 major emerging markets and developing countries of the world -- Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa, and United Arab Emirates (UAE). It serves as a platform for consultation and cooperation on contemporary issues having global as well as regional significance, and issues of global political and economic governance. "Bharat BRICS currency ke paksh mein nahin hai. Hum samarthan nai dete ki aisi koi BRICS currency jaisi nai yojna lai jaye. Bharat ka uske upar virodh hai (India is not in favour of a BRICS currency. We do not support the introduction of any such BRICS currency scheme; India opposes it)," he told reporters after conclusion of the two-day meeting of BRICS trade and industry ministers in Jaipur. These remarks are important as in 2024, U

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INDIA MARKET | Fri, 7 Aug 2026, 9:27PM IST Raymond Realty experienced a 19% drop in profit for the quarter that ended in June, primarily due to increased operational costs that affected net earnings. Despite this, the total income rose to Rs 535.71 crore year-on-year. Moreover, the company reported impressive sales bookings of Rs 700 crore in the first quarter of FY27, representing a substantial increase from Rs 306 crore during the same period last year.

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INDIA MARKET | Fri, 7 Aug 2026, 9:27PM IST VB-G RAM G work fell 61% in July as seven states paused the scheme for sowing, making year-on-year comparisons with MGNREGA difficult due to the new provision

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INDIA COMMODITIES | Fri, 7 Aug 2026, 9:25PM IST Gold prices reached a seven-week high on Friday owing to surprising job losses in the United States that lowered the likelihood of upcoming rate hikes. This trend puts gold on track for its best weekly gain in seven months, as reduced interest rates boost its allure over yield-producing investments. Additionally, silver and platinum prices witnessed notable rises.

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INDIA MARKET | Fri, 7 Aug 2026, 9:19PM IST Representational

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INDIA MARKET | Fri, 7 Aug 2026, 9:16PM IST Iranian lawmaker Rezaei calls Saudi-Turkey-Pakistan defence pact a "paper agreement."

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INDIA MARKET | Fri, 7 Aug 2026, 9:11PM IST File image of Petroleum Minister Hardeep Singh Puri

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INDIA BUSINESS | Fri, 7 Aug 2026, 9:10PM IST Pension funds collect and invest money contributed by employees and employers to build a large financial pool with an endeavour to pay regular income streams to workers after they retire.

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INDIA MARKET | Fri, 7 Aug 2026, 9:03PM IST Restaurant bodies have been seeking greater transparency in the way food delivery platforms operate.

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INDIA NEWS | Fri, 7 Aug 2026, 8:57PM IST Kolkata: The Pension Fund Regulatory and Development Authority has approved four new pension funds taking the total count to 14, chairman Sivasubramanian Ramann said in Kolkata Friday.Pension funds collect and invest money contributed by employees and employers to build a large financial pool with an endeavour to pay regular income streams to workers after they retire.Bank of Baroda, Bajaj Finserv, Parag Parikh and Motilal Oswal are the four new funds joining the system, Ramann said.Also read: Higher EPS-95 pension: Government clarifies rule for employees of exempted, unexempted establishmentsSubscribers to the National Pension Scheme (NPS) can choose any of the pension funds to invest in. NPS is aimed at ensuring long-term financial security for workers both in organised and unorganised sectors.Ramann said PFRDA has a set target of growing non-government NPS subscribers to 35-40 crore in five years from about 90 lakh at present.With the new digital push, we expect 2-3 crore subscribers every year, he said, highlighting the importance of building a robust and inclusive pension ecosystem by leveraging technology and trusted distribution networks.He emphasised that expanding pension coverage requires greater accessibility, simplified onboarding and stronger last-mile outreach."Our conservative schemes have delivered 9.2-9.3% annual returns over 15 years," he said"Atal Pension Yojana has shown us that scale is achievable, with 10 crore people joining through bank and RRB networks. I am confident NPS can now build on that same distribution strength through digital onboarding, he added.

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INDIA MARKET | Fri, 7 Aug 2026, 8:56PM IST Revenue from operations rose 15.5% year-on-year to Rs 605.6 crore from Rs 524.3 crore.

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INDIA MARKET | Fri, 7 Aug 2026, 8:54PM IST FDA Suspends Licences Of Punjab Grill, South India Dosa Corner, 3 Others In Mumbai, Navi Mumbai

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INDIA MARKET | Fri, 7 Aug 2026, 8:51PM IST Responding to the action, AWL Agri Business said it has not yet received a certified copy of the order.

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:48PM IST The industry body said consumers and small merchants would remain protected from charges, while any merchant service fees would be commercial arrangements with payment providers

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:45PM IST Banking-system liquidity was in a surplus of Rs 3.61 trillion on Thursday, while the weighted average call rate settled at 5.09 per cent, central bank data showed

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:44PM IST 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.

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:42PM IST The Aditya Birla Group's metals' company reported its strongest-ever quarterly performance in the first quarter of FY27

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INDIA MARKET | Fri, 7 Aug 2026, 8:41PM IST OMCs say nationwide tests found E20 chloride levels within prescribed quality limits

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INDIA MARKET | Fri, 7 Aug 2026, 8:38PM IST Petitioners argued that the amendment broadly exempts personal information from disclosure by removing the public-interest safeguard contained in the earlier RTI provision

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INDIA MARKET | Fri, 7 Aug 2026, 8:36PM IST Of the sixteen hutments, twelve occupants voluntarily vacated their premises after counselling and communication. Four structures needed removal with police assistance after the occupants consistently denied to comply with the process.

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INDIA NEWS | Fri, 7 Aug 2026, 8:35PM IST The report also finds that hired-worker enterprises are more likely to have owners with higher educational attainment and access to formal bank accounts and computers.

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INDIA NEWS | Fri, 7 Aug 2026, 8:35PM IST The report also finds that hired-worker enterprises are more likely to have owners with higher educational attainment and access to formal bank accounts and computers.

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INDIA MARKET | Fri, 7 Aug 2026, 8:34PM IST Q1 Results Today Live Updates: SBI, BEML, Titan, PFC, Ola Electric Mobility, Hindalco Industries among 200+ companies that will announce Q1 FY27 earnings on Aug. 6. Track every update live.

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INDIA NEWS | Fri, 7 Aug 2026, 8:32PM IST New Delhi: Religare Enterprises on Friday said the Reserve Bank has rejected its demerger proposal even as it received a nod from the exchanges.The company has received a letter dated August 6, 2026, from the RBI, conveying that the application has been examined and that the request has not been acceded to, Religare Enterprises said in a regulatory filing."A similar communication dated August 7, 2026, has been received by Religare Finvest Ltd (RFL) as well in this regard. REL and RFL shall engage with the Regulator and provide further clarifications, as may be required in this regard," it said.Also read: UPI to remain free for consumers, says Payments Council of IndiaHowever, it said, the company got 'no objection' from National Stock Exchange of India Ltd and the observation letter with 'no adverse observations' from BSE Limited, in relation to the scheme.Burman family-backed Religare Enterprises had in February approved a plan to demerge its financial services and insurance businesses into two separately listed entities, a move aimed at unlocking shareholder value and sharpening strategic focus.Under the proposed scheme of arrangement, REL will retain its stake in Care Health Insurance Ltd, which will continue as an insurance-focused entity.As per the scheme, the financial services business -- comprising lending, broking, investment activities and related support services -- will be transferred on a going-concern basis to its subsidiary Religare Finvest Ltd (RFL).The company had said the restructuring is aimed at streamlining operations by creating two independent entities, allowing each business to pursue sector-specific growth strategies and opportunities.

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:28PM IST Advances backed by eligible fresh FCNR(B) and NRE deposits mobilised during specified periods will be excluded from adjusted net bank credit used to determine PSL targets

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INDIA MARKET | Fri, 7 Aug 2026, 8:28PM IST Foreign investors bought Indian equities worth Rs 20,202 crore in July, turning net buyers after four months of selling, with domestic consumption showing signs of recovery

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INDIA MARKET | Fri, 7 Aug 2026, 8:23PM IST Share of FTA partner nations in India's exports rises to 33.4%; government says trade pact utilisation continues to strengthe

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:21PM IST The draft requires commercial banks to adopt the basic approach for credit valuation adjustment while offering simpler treatment to those with smaller derivatives books

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INDIA MARKET | Fri, 7 Aug 2026, 8:16PM IST Commanders are set to receive the highest pay hikes, with salaries increasing by 15% to 17%.

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:16PM IST 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.

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INDIA NEWS | Fri, 7 Aug 2026, 8:11PM IST Foreign currency assets increased by $8.75 billion and gold reserves rose by $1.69 billion during the week ended July 31, driving the sharp increase in total reserves

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INDIA MARKET | Fri, 7 Aug 2026, 8:07PM IST Airbnb shares surged nearly 15% after the company raised its annual revenue growth forecast, citing resilient global travel demand and AI-driven efficiency. Better-than-expected quarterly revenue and lower customer-support costs reinforced investor confidence despite ongoing Middle East tensions.

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:06PM IST Gold loans expanded 69.3 per cent and consumer durables credit grew 46.8 per cent, helping lift retail loans by 20.3 per cent to Rs 25.6 trillion by the end of June 2026

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INDIA BUSINESS | Fri, 7 Aug 2026, 8:00PM IST The FMCG major expects high-single-digit volume growth and revenue growth in the teens, while commodity prices at current levels should limit further price increases

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INDIA MARKET | Fri, 7 Aug 2026, 8:00PM IST The canteens located at Hostel 1 and Hostel 3 were ordered to cease operations immediately.

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INDIA MARKET | Fri, 7 Aug 2026, 7:57PM IST Doximity shares surged after the healthcare platform highlighted the strong performance of its clinical AI, overshadowing an earnings miss. Investors cheered its AI capabilities, positioning the company as a specialised healthcare AI player despite mixed quarterly financial results.

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INDIA NEWS | Fri, 7 Aug 2026, 7:57PM IST The proposed overhaul seeks to make India's investment treaty regime more investor-friendly while retaining sovereign safeguards and advancing negotiations with key partners

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GLOBAL NEWS | Fri, 7 Aug 2026, 7:54PM IST Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central banks 2 percent target.

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