Andhra's Bhogapuram airport to be inaugurated on August 1
INDIA BUSINESS | Sat, 18 Jul 2026, 11:16PM IST
Prime Minister Narendra Modi will inaugurate Andhra Pradesh's fourth international airport at Bhogapuram on August 1. Built by GMR Group at a cost of Rs 4,750 crore, the greenfield airport is expected to enhance connectivity, ease pressure on Visakhapatnam Airport, and boost tourism, trade, investment and employment across North Andhra.
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Khamenei Calls US 'Great Satan,' Accuses Washington Of Breaching MoU
INDIA MARKET | Sat, 18 Jul 2026, 11:10PM IST
Iranian leader says US actions have destroyed trust, calls for national unity as tensions escalate.
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Piyush Goyal addresses India-Estonia Business Forum, calls for deeper ties
INDIA NEWS | Sat, 18 Jul 2026, 11:05PM IST
He emphasised that India's strong growth trajectory, expanding manufacturing base, vibrant innovation ecosystem and progressive reforms present significant opportunities
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INDIA BUSINESS | Sat, 18 Jul 2026, 10:40PM IST
India has granted a seven-month exemption to renewable energy projects under open access and net metering, allowing them to use imported solar cells without complying with the ALMM-II (Approved List of Models and Manufacturers for cells) requirement until December 2026. The earlier exemption had lapsed on May 31, after ALMM-II norms kicked in from June 1.
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INDIA MARKET | Sat, 18 Jul 2026, 10:39PM IST
Track Q1FY27 earnings live as HDFC Bank, ICICI Bank, Axis Bank, Kotak Bank and 20+ firms announce June quarter results, guidance and key updates.
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Govt extends exemption for net metering, open access for renewable energy projects till December
INDIA BUSINESS | Sat, 18 Jul 2026, 10:38PM IST
The government has extended the exemption for net-metering and open access RE projects. This extension allows these projects to commission without ALMM List-II compliance until December 2026. Previously, this exemption was set to expire on May 31, 2026. The move aims to support domestic solar PV module manufacturers and their existing inventories. This policy supports India's goal of self-reliance in solar manufacturing.
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India Launches White Rabbit Tech Network To Secure Indian Standard Time
INDIA MARKET | Sat, 18 Jul 2026, 10:30PM IST
The Centre has commissioned a demonstration network using White Rabbit precision timing technology to distribute a secure, tamper-resistant national time signal, aimed at cutting India's reliance on foreign timing sources for critical infrastructure.
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West Bengal New Industrial Policy On The Anvil: Shift Likely In Land-Acquisition Strategy
INDIA MARKET | Sat, 18 Jul 2026, 10:08PM IST
West Bengal finance minister Swapan Dasgupta
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Punjab & Sind Bank Q1 Results: Profit Rises 23% As Bad Loans Decline
INDIA MARKET | Sat, 18 Jul 2026, 10:02PM IST
Higher interest income, improved asset quality and lower provisions support earnings in the June quarter.
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Jennifer Winget Says 'I Do' To William Ishmael In Dreamy UK Wedding, First Photos Melt Hearts
INDIA MARKET | Sat, 18 Jul 2026, 9:54PM IST
Jennifer Winget and William Ishmael shared the first official photos from their intimate wedding in the UK.
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CBI Searches 15 Locations In Reliance ADA Group Probe Over Alleged Rs 27,337-Crore Bank Fraud
INDIA MARKET | Sat, 18 Jul 2026, 9:50PM IST
The CBI said the searches were conducted under warrants issued by the Special Judge for CBI Cases in Mumbai.
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BPCL Launches Bharatgas Lite ZIP, To Expand LPG Product To 100 Cities By August 15
INDIA MARKET | Sat, 18 Jul 2026, 9:47PM IST
The company said the offering is designed for today's fast-paced lifestyles, aimed at delivering a seamless, premium LPG experience to customers.
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'We'll Be Getting Into Commercial Flights,' Says Skyroot CEO Pawan Chandana After Vikram-1 Success
INDIA MARKET | Sat, 18 Jul 2026, 9:30PM IST
Skyroot Aerospace co-founder and CEO Pawan Kumar Chandana
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INDIA MARKET | Sat, 18 Jul 2026, 9:29PM IST
CBSE 2nd board Exam 2026 results declared
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Iran Halts MoU Obligations, Accuses US Of Breaching Pact
INDIA MARKET | Sat, 18 Jul 2026, 9:16PM IST
Tehran says Washington violated all commitments under the Islamabad agreement, prompting Iran to suspend its own obligation
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Rijiju invites rebel TMC MPs for all-party meet
INDIA NEWS | Sat, 18 Jul 2026, 8:56PM IST
New Delhi [India]: Ahead of the Monsoon Session of Parliament, Union Parliamentary Affairs Minister Kiren Rijiju has invited rebel Trinamool Congress (TMC) leader Sudip Bandyopadhyay and 19 other Lok Sabha MPs who have joined the National Citizens Party of India (NCPI) to attend the customary all-party meeting scheduled for Sunday.In a letter addressed to Sudip Bandyopadhyay, Rijiju acknowledged that the group of 20 MPs had requested Lok Sabha Speaker Om Birla for recognition as the NCPI, a matter currently under consideration, and invited them to participate in discussions on the legislative agenda for the upcoming Parliament session."Recently, you along with 19 other Members of Parliament have joined National Citizens Party of India (NCPI) and have already requested the Hon'ble Speaker, Lok Sabha for recognition which is under his consideration. It is my pleasure to invite you for a meeting of Floor Leaders of Political Parties in Lok Sabha/Rajya Sabha to discuss important issues and Legislative Business likely to come up before the Houses in the ensuing Monsoon Session of Parliament. I would seek your cooperation to ensure smooth functioning of both the Houses of Parliament," Rijiju said in the letter.The all-party meeting has been scheduled for 11 am on July 19 in the Main Committee Room of Parliament House Annexe. Rijiju also requested Sudip Bandyopadhyay, and Dr Kakoli Ghosh Dastidar, nominated as the Chief Whip of the NCPI, to attend the meeting.The meeting will take place a day before the Monsoon Session begins on July 20. The government is expected to brief political parties on its legislative business, while opposition parties are likely to flag key issues they intend to raise during the session.Earlier, Rijiju had announced that the Monsoon Session would run from July 20 to August 13."On the recommendation of the Govt of India, Hon'ble President, Smt. Droupadi Murmu ji has approved the summoning of both the Houses of Parliament for the Monsoon Session 2026. The Session will commence on July 20, 2026 and continue till August 13, 2026, for meaningful debate, discussion and decisions on issues of National Importance," Rijiju had said in a post on X.The session is expected to witness heated exchanges amid recent political developments, including splits within several opposition parties. The Trinamool Congress has seen significant turmoil after 20 of its MPs merged with the National Citizens Party of India and sought separate recognition in the Lok Sabha. In addition, three TMC Rajya Sabha MPs resigned and joined the BJP.Shiv Sena (UBT) has also witnessed a split, with six Lok Sabha MPs joining the Shiv Sena led by Maharashtra Deputy Chief Minister Eknath Shinde. Earlier, seven Aam Aadmi Party Rajya Sabha MPs had joined the BJP.The Opposition is expected to raise issues including the alleged NEET-UG paper leak and Defence Minister Rajnath Singh's remarks regarding casualties during Operation Sindoor. The Congress has already moved a breach of privilege notice against the Defence Minister over his remarks.The government, meanwhile, is expected to introduce and take up several important bills during the session.
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AIBE 21 Result 2026 Declared: Check Direct Link; AIBE 22 Exam Dates 2026 OUT
INDIA MARKET | Sat, 18 Jul 2026, 8:35PM IST
The Bar Council of India (BCI) has announced the result of the All India Bar Examination (AIBE-XXI), conducted on June 7, 2026. Candidates who appeared in the examination can check their results by logging in to the AIBE portal using their User ID and Password.
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'PNB on track to meet $2.5 billion target'
INDIA NEWS | Sat, 18 Jul 2026, 8:35PM IST
Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target by September 30, despite higher global yields and ongoing negotiations over deposit rates, Executive Director Amit Kumar Srivastava told ANI.Speaking exclusively to after the bank announced its first-quarter FY27 earnings, Srivastava said PNB is also planning to raise another USD 500 million through overseas bonds, taking its overall overseas fundraising target to USD 3 billion."As far as FCNR(B) deposit is concerned, we have set a target of USD 2.5 billion. Another... we are trying for MTM raising the bond size also overseas of half a billion. So, to put the total to USD 3 billion, basically, we are targeting up to 30th September," he said.Giving an update on mobilisation, he said, "Against that, so far, we have raised USD 419 million as far as the FCNR deposit is concerned. And we are seeing a good traction in the market. A lot of inquiries are taking place."Srivastava said negotiations are underway with overseas banks as well as customers on pricing, adding that dollar availability remains one of the key factors influencing the mobilisation process."We have to basically take the dollar from the outside banks also. So, they are also negotiating on the rates... The same goes with the customers also... A lot of negotiations are taking place," he said.Drawing parallels with the FCNR(B) mobilisation exercise undertaken in 2013, he said inflows are expected to gather pace closer to the September deadline."If you remember the 2013 incidents, a lot of deposit... mainly the bulk of the deposit came in the last month itself. So, it will slowly and slowly pick up, and majority of it will mature in September itself," he said.Despite slower initial mobilisation across the banking system, Srivastava said the bank does not see any immediate need to revise FCNR(B) deposit rates."We have started good and we have so far USD 419 million... We are on the track to achieve the target. I do not think there is any requirement as far as the present situation is concerned, to revise the rates," he said.PNB on Saturday reported a net profit of Rs 5,253 crore for the June quarter, while gross global business rose 10.2 per cent year-on-year to nearly Rs 30 lakh crore. The bank's gross non-performing asset ratio improved to 2.78 per cent from 3.78 per cent a year earlier, while net NPA declined to 0.28 per cent.
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INDIA BUSINESS | Sat, 18 Jul 2026, 8:35PM IST
Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target by September 30, despite higher global yields and ongoing negotiations over deposit rates, Executive Director Amit Kumar Srivastava told ANI.
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PNB Q1 profit triples to 5,253 crore; margins remain below guidance
INDIA BUSINESS | Sat, 18 Jul 2026, 8:31PM IST
Punjab National Bank's June-quarter profit jumped 214% on a favourable base, but net interest margin stayed below FY27 guidance despite improving asset quality and steady loan growth
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Bullet train: Second tunnel boring machine begins excavation for tunnel beneath Thane creek
INDIA BUSINESS | Sat, 18 Jul 2026, 8:25PM IST
A second tunnel boring machine has begun excavating for the rail tunnel under Thane Creek. This critical section will be the country's first undersea tunnel for any rail corridor. The machine is among the largest ever deployed for rail tunnel construction in India. It utilizes advanced technology to actively stabilize the tunnel face during excavation. The Mumbai-Ahmedabad bullet train corridor is being constructed at an estimated Rs 1.08 lakh crore.
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INDIA MARKET | Sat, 18 Jul 2026, 8:24PM IST
The Bar Council of India (BCI) has announced the result of the All India Bar Examination (AIBE-XXI), conducted on June 7, 2026. Candidates who appeared in the examination can check their results by logging in to the AIBE portal using their User ID and Password.
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INDIA MARKET | Sat, 18 Jul 2026, 8:22PM IST
Kalki 2898 AD won Best Feature Film Providing Wholesome Entertainment, while Captain Miller received the award for Best Film Promoting National and Social Values.
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India's first private rocket Vikram-1 succeeds in maiden orbital launch
INDIA MARKET | Sat, 18 Jul 2026, 8:16PM IST
The rocket, named after Vikram Sarabhai, the father of India's space programme, also carried payloads that had postcards, including from Prime Minister Narendra Modi
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Trump's Iran woes spark Carter parallels
INDIA NEWS | Sat, 18 Jul 2026, 8:11PM IST
Jimmy Carter used to be one of President Donald Trump's favourite political targets, a catch-all foil for feckless Democrats that he could jeer at to make himself look strong and decisive. But lately, Trump's sentiments on the 39th president have become more wistful as he faces some of the same challenges the late Carter did.Also read: Trump back in World Cup spotlight after starring role in tournament's controversies Those include the war in Iran with no end in sight -- and now escalating as the US moves to control the Strait of Hormuz -- and inflation, a drag on the economy Trump hasn't tamed despite long insisting that his business background would wipe it out. The comparison seems to be on Trump's mind, too. Asked last month why he didn't dispatch US Special Forces into Iran to forcibly remove its enriched uranium, he responded, "I didn't feel like being Jimmy Carter." That recalled the failed 1980 raid to free US hostages that killed eight American servicemen. Trump also said in March that the unsuccessful mission "cost them the election" against Ronald Reagan in 1980, sounding cognisant of political realities in a way he didn't when using Carter as a punchline. The shift in tone coincides with Trump's increased focus on his personal legacy and comes as the parallels between the two presidents become harder to ignore. "I think it is dawning on him -- it's getting through even his thick skull -- that he's kicked over a hornet's nest and his presidency might be remembered for some of the same things Jimmy Carter's presidency is," said Johnathan Adler, author of "His Very Best: Jimmy Carter, A Life." Despite some similarities, the two had glaring differences Asked about Trump's change in tone on Carter and the two facing overlapping challenges, White House spokesperson Olivia Wales said, "Trump will never allow Iran to have a nuclear weapon" and "remains laser-focused on implementing his proven economic agenda to lower costs." "The president is a one-of-a-kind leader who will always unapologetically advance America's interests," Wales said in a statement. "The only legacy he is concerned with is making America greater than ever before." Kori Schake, a former member of George W Bush's National Security Council, said she doesn't think Trump is reassessing Carter. "He doesn't stitch facts together and create theories," she said. Still, Trump's more recent comments are a long way from his 2024 reelection campaign, when he routinely called Joe Biden "the worst" president who made Carter look "brilliant" by comparison. Trump still frequently mentions Carter, who died two years ago at age 100, but usually to incorrectly suggest that he was wary of mail-in ballots.Also read: Trump vows crackdown on immigrant truckers. How many Indians could be impacted? Other disparities between the two are legion. Carter was married to his wife, Rosalynn, for 77 years, was deeply religious and pledged to "never knowingly lie to the American people." Trump is twice divorced, relishes cursing publicly and offers a never-ending onslaught of falsehoods. As president, Carter placed his family's peanut business in a blind trust. Control of the Trump Organisation has transferred to Trump's sons, but the president took in nearly USD 1.2 billion from his crypto businesses last year while not being shy about turning his presidency into a major source of personal benefit in other ways. Speaking in 1977, Carter declared, "We are now free of that inordinate fear of communism." Trump has seized on primary wins by progressive Democrats to constantly stoke new fears about communism. Carter also won the Nobel Peace Prize in 2002. Trump hasn't, despite declaring himself more deserving than any of the award's past recipients. The two have inflation and Iran in common While inflation plagued both presidents, Carter had it much worse, facing a peak inflation rate of 14.7 per cent in April 1980. Consumer prices rose 4.2 per cent this May from a year earlier -- a three-year high -- and though they fell sharply from May to June, that decline included lower gas prices fuelled by a US-Iran ceasefire. That deal is now in tatters, driving up oil prices again. Trump suggested he didn't think about Americans' financial woes when it comes to Iran, a war he started in conjunction with Israel in February. More recently, he shrugged off inflation concerns. But resolution has proved tricky and US attacks have intensified anew after Iran's attacks on commercial ships in the Strait of Hormuz. Like Trump, Carter was also bedeviled by the strait, declaring during his 1980 State of the Union address that the situation "demands the participation of all those who rely on oil from the Middle East and who are concerned with global peace and stability." Another Trump-Carter parallel was the Democrat having considered military action to seize Kharg Island, though he ultimately decided against it so as not to jeopardise the hostages. Trump targeted the island with US strikes early in the war, looking to thwart Iranian oil exports, and has threatened it again. Schake, a senior fellow and director of foreign and defence policy studies at the American Enterprise Institute, noted a key difference was "while the Carter administration gave serious consideration to attacking Kharg Island, the reason they didn't do it was they didn't want to be at war with Iran." "And we're already at war with Iran," she said. Adler said Iran tried to hurt Carter's reelection chances and raised the possibility that they may do the same to Trump's Republican Party ahead of the November mid-term elections. "These people are master diplomats, and they proved that during the Carter administration," Adler said. "They're proving that again. They're really good at rope-a-dope." Trump now talks up presidential history The president has lately name-checked many of his predecessors, praising William McKinley 's support for tariffs and Teddy Roosevelt as a "great he-man." Trump said a key reason for reaching the now-imperiled June ceasefire with Iran was to avoid the "economic catastrophe " that befell Herbert Hoover. "I'm a student of a lot of history," Trump said this week. During his first term, Trump frequently compared his own populist streak to Andrew Jackson's. He still praises Jackson but has more recently extolled many past presidential records, including those of Democrats like Franklin Delano Roosevelt. Trump even listed some of Carter's accomplishments on the "Walk of Fame" he installed along the White House Colonnade despite displays for other Democrats, such as Barack Obama and Biden, offering biting attacks. "Trump is thinking of his legacy, and he might have thought that attacking Iran would have enhanced it. But, in fact, it will seriously hurt," James P Pfiffner, a professor emeritus at George Mason University and author of several books including "The Character Factor: How We Judge Our Presidents," said via email. After his presidency, Adler said, Carter asked Trump for a donation to help build Carter's presidential library. Trump later wrote that Carter wanted USD 5 million, but he didn't answer him. Then, during Trump's first term, Carter wrote the president a letter and Trump called to thank him, eventually leaving Carter with the impression that he might serve as a special envoy to China -- an offer that never actually materialised. "If he had learned anything from Carter's experience -- and listened to predictions about the Strait of Hormuz -- he would have hesitated," Pfiffner said of war with Iran. "But he ignored lessons of history and geography."
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Iran suspends interim deal commitments with US amid exchange of attacks
INDIA MARKET | Sat, 18 Jul 2026, 8:09PM IST
The most significant damage on Saturday occurred in Kuwait when Iran struck a water desalination plant and an oil facility
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PLI 2.0 More Focused Scheme, Structured Differently From 1.0: MeitY Secretary
INDIA MARKET | Sat, 18 Jul 2026, 7:59PM IST
PLI 2.0 has been 'structured differently' from the first iteration.
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India's first private rocket Vikarm-1 succeeds in maiden orbital launch
INDIA MARKET | Sat, 18 Jul 2026, 7:54PM IST
The rocket, named after Vikram Sarabhai, the father of India's space programme, also carried payloads that had postcards, including from Prime Minister Narendra Modi
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Ken-Betwa Project-Hit Families Escalate Protest; Hunger Strike Enters 12th Day
INDIA MARKET | Sat, 18 Jul 2026, 7:48PM IST
Communities in the area have turned to a range of symbolic demonstrations.
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Punjab & Sind Bank Q1FY27 result: Net profit jumps 23% to 331 crore
INDIA BUSINESS | Sat, 18 Jul 2026, 7:41PM IST
Public sector lender Punjab & Sind Bank on Saturday reported a 23 per cent rise in net profit to Rs 331 crore during the June quarter, aided by improvement in core income and decline in bad debts.
The lender had earned a net profit of Rs 269 crore in the same quarter of the previous fiscal year.
The total income increased to Rs 3,546 crore during the June quarter from Rs 3,379 crore in the same quarter of the previous fiscal year, Punjab & Sind Bank said in a regulatory filing.
Interest earned by the bank improved to Rs 3,213 crore compared to Rs 2,911 crore in the June quarter of FY26.
The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year.
Net interest margin was at 2.53 per cent at the end of the quarter under review.
During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago.
The bank's asset quality showed improvement .
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