Bloomberg delays Indias entry to global bond index yet again
INDIA MARKET | Sat, 1 Aug 2026, 8:03AM IST
The inclusion of Indian government bonds in Bloomberg's Global Aggregate Index has been deferred yet again, as the company requires additional evaluation of both operational and market infrastructure components. This setback could lead to an immediate uptick in sovereign bond yields, surprising investors who were hopeful for increased foreign capital inflow. Meanwhile, Indian bonds remain part of various other emerging market debt indexes.
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IDBI's unlisted share sales not a public issue: Sebi
INDIA MARKET | Sat, 1 Aug 2026, 7:48AM IST
Sebi has clarified that IDBI Bank can sell unlisted shares privately. These transactions will not be considered public issues by the regulator. This clarification allows for privately negotiated deals with identified buyers. IDBI Bank sought this guidance for its holdings in unlisted companies. The move facilitates secondary transfers of equity shares under specific conditions.
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Strong earnings, FPI inflows keep Indian equities resilient despite global risks
INDIA MARKET | Sat, 1 Aug 2026, 7:43AM IST
Indian equity indices wrapped up July on a high note, achieving their best monthly performance in three months with significant gains. The robust corporate earnings played a critical role in alleviating fears related to rising oil prices. The Nifty and Sensex jumped over 2.5% in the week and nearly 2.1% throughout July.
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Indices close the week and July on a strong note
INDIA MARKET | Sat, 1 Aug 2026, 7:43AM IST
Indian equity indices wrapped up July on a high note, achieving their best monthly performance in three months with significant gains. The robust corporate earnings played a critical role in alleviating fears related to rising oil prices. The Nifty and Sensex jumped over 2.5% in the week and nearly 2.1% throughout July.
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Sebi disposes of case against Religare Enterprises, Saluja, other persons
INDIA MARKET | Sat, 1 Aug 2026, 7:42AM IST
Sebi has concluded legal actions against Religare Enterprises and its former chairperson. The regulator found no further directions were needed after the open offer. Proceedings were initiated alleging Religare failed to cooperate with the mandatory open offer. The company had questioned the Burman Group's 'fit and proper' status and delayed approvals. The open offer's completion achieved the remedial objective of Sebi's proceedings.
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Forex kitty grows $6 billion as dollar count rises
INDIA CURRENCY | Sat, 1 Aug 2026, 7:34AM IST
India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the week ending July 24, reaching $682.3 billion. Inflows from the RBI's FCNR(B) deposit scheme contributed to this growth. Gold reserves also experienced an increase of $1.3 billion. Despite dollar sales, reserves grew due to these incoming funds.
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Deposit rates rise as banks fight for funds
INDIA MARKET | Sat, 1 Aug 2026, 7:30AM IST
Banks increased fresh term deposit rates in June, led by private lenders. The average domestic term deposit rate rose to 5.99% for scheduled commercial banks. Private banks saw a significant 27 basis point increase in their deposit rates. Public sector banks also raised rates by 7 basis points. Their average deposit rate remained higher than private sector offerings.
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INDIA BUSINESS | Sat, 1 Aug 2026, 7:27AM IST
From August 1, the prices of 19-kg commercial LPG cylinders have been reduced by up to Rs 209, bringing relief to restaurants, hotels and other businesses that rely on the fuel. The latest revision marks the second consecutive monthly cut in commercial LPG prices and comes amid ongoing tensions in West Asia and concerns over global LPG supplies.
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Medicines, Misleading Ads On Tukaram Mundhe's Radar? Maharashtra FDA Chief Says...
INDIA MARKET | Sat, 1 Aug 2026, 7:00AM IST
Tukaram Mundhe said Maharashtra's FDA is intensifying action against fake drugs, misleading health claims and illegal medicine sales
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1h
India, Lesotho review bilateral relations
INDIA NEWS | Sat, 1 Aug 2026, 6:34AM IST
India and Lesotho undertook a comprehensive review of their bilateral relations, placing special emphasis on development partnership, capacity building, Humanitarian Assistance and Disaster Relief (HADR), and mutual coordination at the United Nations (UN) and other multilateral platforms, the Ministry of External Affairs (MEA) said on Friday.The discussions took place during the 6th session of the Joint Bilateral Commission for Cooperation (JBCC), convened in the national capital on July 30."The 6th meeting of the Joint Bilateral Commission for Cooperation (JBCC) between India and Lesotho was held on 30 July 2026 in New Delhi. The meeting was co-chaired by Shri Janesh Kain, Joint Secretary (East and Southern Africa), MEA and Mr. Thabang Lekhela, Principal Secretary, Ministry of Foreign Affairs and International Relations," the MEA said in a post on X.During the session, both sides conducted a detailed assessment of bilateral engagements, focusing on development cooperation, capacity-building initiatives, HADR efforts, and joint strategies across international bodies.According to an official statement issued by Lesotho's Ministry of Foreign Affairs and International Relations, both delegations reaffirmed their long-standing diplomatic ties and reiterated their resolve to expand functional cooperation."The JBCC remains the principal institutional mechanism for reviewing bilateral relations, advancing cooperation across key sectors, and identifying new opportunities for mutually beneficial partnership between the two sister countries," the statement noted.Formed under a bilateral agreement inked in March 2004, the JBCC held its inaugural session in New Delhi in March 2009.The framework serves as an alternating mechanism hosted periodically between Maseru and New Delhi to monitor progress and explore fresh avenues of collaboration.The latest session was attended by senior government functionaries from both nations, including officials from Lesotho's diplomatic mission in New Delhi and delegates representing sectors such as trade, education, agriculture, food security, and tourism."The 6th Session advanced several proposed Memoranda of Understanding (MoUs) and agreed to sign at the earliest opportunity. The meeting concluded with a renewed commitment to advancing sustainable development through South-South cooperation and strengthening collaboration in regional and multilateral fora. India reiterated its invitation for Lesotho to join the International Solar Alliance (ISA) and the Coalition for Disaster Resilient Infrastructure (CDRI) as important platforms for cooperation in renewable energy and infrastructure resilience," the ministry stated.The two partner nations agreed that the 7th session of the Lesotho-India Joint Bilateral Commission of Cooperation will be held in Maseru, with mutually convenient dates to be decided through diplomatic channels.
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US undertakes intervention in yen market
INDIA NEWS | Sat, 1 Aug 2026, 6:10AM IST
The U.S. Treasury intervened in yen exchange rates on Friday to support the Japanese currency through outright purchases, the Financial Times reported, citing people familiar with the matter.The Federal Reserve Bank of New York conducted a sale of euros to buy yen on behalf of the Treasury, the report said.
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Bleach: Thousand-Year Blood War Part 4 Episode 2: Release Date, Time, Recap, Plot, Where To Watch
INDIA MARKET | Sat, 1 Aug 2026, 6:00AM IST
Bleach: Thousand-Year Blood War Part 4 - The Calamity
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Heatwave threat: Lakhs of jobs at risk
INDIA NEWS | Sat, 1 Aug 2026, 5:30AM IST
New Delhi: Indian cities are set to lose hundreds of thousands of jobs over the coming decades as extreme heat makes outdoor work unsafe, raising the economic cost of climate change, according to a World Bank report.New Delhi is projected to lose the equivalent of 266,000 full-time jobs by 2030 because working hours will be rendered unsafe by extreme heat. The losses are expected to rise to 418,000 jobs by 2050. Kolkata could lose 360,000 jobs by 2030 and 391,000 by 2050. 132776341Mumbai is projected to lose 204,000 jobs by 2030 and 255,000 by 2050, while Chennai could lose the equivalent of 141,000 and 145,000 jobs, respectively.Across South Asia, extreme heat is already costing the equivalent of 31 million full-time jobs each year and could reduce the region's economy by nearly 7% by 2050 if countries fail to adapt, the report said. With South Asia expected to add 280 million people of working age by 2050, rising temperatures pose one of the biggest threats to jobs, productivity and long-term economic growth."South Asia's cities are central to the region's future, but rising temperatures are putting jobs, livelihoods and economic growth at risk," said Johannes Zutt, World Bank vice president for South Asia.The report said the official heat toll is likely to be understated.Understated Heat TollThe report said Delhis Indira Gandhi International Airport is among a handful of major airports globally expected to experience temperatures approaching or exceeding 50C for multiple days a year by 2030, conditions that could force airlines to reduce passenger loads or cargo. It also noted that 38% of Delhi Metro commuters total travel time is spent walking, increasing their exposure to dangerous heat. Patna is projected to record one of the sharpest increases in heat-related working-hour losses, with the share of annual working hours rendered unsafe rising from 2.4% in 2030 to 6.3% by 2080. Jaipurs losses are expected to increase from 1.5% to 2.9% over the same period.The report said the official heat toll is likely to be understated because deaths are often attributed to cardiac or renal failure rather than heat exposure. It cited analysis linking a single five-day heatwave in India to about 30,000 excess deaths. At the same time, the World Bank said rising temperatures are creating a significant investment opportunity. Indias sustainable cooling market could be worth $1.6 trillion by 2040, driven by demand for energy-efficient air conditioners, green buildings and climate-resilient infrastructure. The report also found that heat early warning systems in Indian cities generate about $50 in benefits for every $1 invested.
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Shower gels, liquid cleaners gain ground as Indians ditch bars and powders
INDIA BUSINESS | Sat, 1 Aug 2026, 5:30AM IST
Indian households are increasingly adopting liquid personal and home care products. Consumer goods companies are investing heavily to capitalize on this growing market trend. Liquid formats offer convenience and are seeing rapid volume growth across categories. Rural India is also experiencing a faster adoption rate for these liquid products. Online channels and quick commerce are further accelerating the shift.
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Tata Electronics, ASML explore making chip equipment components in India
INDIA BUSINESS | Sat, 1 Aug 2026, 5:30AM IST
Tata Electronics and ASML are exploring manufacturing advanced chipmaking components in India. This collaboration aims to boost localization within India's semiconductor ecosystem. Discussions are in early stages, following a recent memorandum of understanding. The focus includes precision mechanicals and electronic modules for lithography machines.
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2h
Leopold Aschenbrenner Built a Hot A.I. Hedge Fund. Then it Melted Down.
GLOBAL NEWS | Sat, 1 Aug 2026, 2:58AM IST
Situational Awareness, led by a 24-year-old, exploded onto the artificial intelligence scene and then nose-dived.
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5h
Next Met Gala Show Will Honor John Galliano, Celebrated Designer Infamous for Antisemitic Rant
GLOBAL NEWS | Sat, 1 Aug 2026, 2:38AM IST
As famous for his antisemitic rant in 2011 as he is for his fashion, Galliano would be one of only three living designers ever to receive the honor.
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The Next Met Fashion Blockbuster and Gala Will Honor Controversial Designer John Galliano
GLOBAL NEWS | Sat, 1 Aug 2026, 2:02AM IST
As famous for his antisemitic rant in 2011 as he is for his fashion, Galliano would be one of only three living designers ever to receive the honor.
Continue reading at The New York Times
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Warsh Considers Reducing Frequency of Fed Policy Meetings
GLOBAL NEWS | Sat, 1 Aug 2026, 2:00AM IST
The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh since he became chairman.
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6h
NHAI identifies 54 projects worth Rs 1.8 lakh cr to be awarded in 2026-27
INDIA BUSINESS | Sat, 1 Aug 2026, 1:44AM IST
The National Highways Authority of India will award 54 projects in 2026-27. These projects will span 2,442 kilometers and cost 1,80,017 crore. This is a reduction from the 124 projects planned for 2025-26. Uttar Pradesh leads with seven projects, followed by other states. Several states including Telangana, Madhya Pradesh, and Maharashtra will receive six projects each.
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6h
Floating solar projects to be fired up by Rs 5,000 cr scheme
INDIA BUSINESS | Sat, 1 Aug 2026, 1:34AM IST
The Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana with a significant outlay. This scheme aims to develop 5,000 MW of floating solar projects with energy storage. Projects will be sanctioned from FY27 to FY31, with financial support extending to FY33. It will utilize existing water bodies, eliminating land competition and strengthening grid reliability. Central aid of 1 crore per MW will be provided for eligible projects after commissioning.
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6h
US stocks: US market ends higher as Amazon soothes AI jitters
INDIA MARKET | Sat, 1 Aug 2026, 1:32AM IST
Wall Street closed higher on Friday, driven by Amazon's strong quarterly report. The tech giant's results eased concerns about AI infrastructure spending. Apple's stock dropped after its earnings report failed to meet expectations. Other technology stocks saw mixed performance, influencing market movements. Treasury yields rose as Fed officials discussed inflation concerns.
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Bank credit to industry up 19%, personal loans stay strong
INDIA BUSINESS | Sat, 1 Aug 2026, 12:58AM IST
Banking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to last year. Loans against gold jewellery surged by 93%, leading personal loan segment growth. Vehicle loans followed with a 17% expansion, while credit card growth decelerated. Education loans maintained strong growth at 13% year-on-year.
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7h
PNB raising $1 billion for FCNR on-lending
INDIA BUSINESS | Sat, 1 Aug 2026, 12:55AM IST
Punjab National Bank is set to secure a substantial one billion dollars through a five-year loan arrangement. This initiative is being coordinated with international financiers to enhance participation. The loan will be eligible for the Reserve Bank of India's special swap facility. Indian banks are eager to tap into dollar funds to capitalize on overseas client deposits, targeting potential leveraged investors in the forex-deposit program.
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7h
Some bottlenecks: FCNR deposits from UAE come in big; some say flow could be bigger
INDIA CURRENCY | Sat, 1 Aug 2026, 12:51AM IST
UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role in enhancing contributions to this initiative.
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