MUMBAI, Aug 14 (Reuters) - India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money release. A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves. Further, the RBI intervened in both the onshore spot and non-deliverable forward markets that week to prevent the rupee fr...Read More
New Delhi: The Supreme Court on Thursday orally observed, "Suppose someone has come illegally in India, how to deal with that situation? If they don't detain, he will disappear...", while agreeing to examine a plea, which alleged that Bengali-speaking migrant workers were being detained on suspicion of being Bangladeshi nationals. The matter came up before a bench comprising justices Surya Kant and Joymalya Bagchi. The bench said it is not keen to pass any interim order with regard to the deten...Read More
New Delhi, Aug 14 (PTI) Clean energy firm ReNew has posted a multifold growth in net profit to Rs 513.1 crore for the June quarter, driven mainly by higher revenues from power sales. The homegrown company, listed on Nasdaq, had logged a net profit of Rs 39.4 crore in the April-June period of the preceding 2024-25 financial year. In the first quarter, the company said its total income (or total revenue) rose to Rs 4,118.2 crore (USD 480 million), compared to Rs 2,490.3 crore (USD 290 million) f...Read More
Shivalik Small Finance Bank (SSFB) has raised nearly $11.4 million led by SMBC Asia Rising Fund-Japan. In another development, Refold AI, an enterprise AI startup, has raised $6.5 million in seed funding. Shivalik Small Finance Bank secures $11.4m Shivalik Small Finance Bank (SSFB) on Thursday announced that it has raised nearly $11.4 million (Rs 100 crore) led by SMBC Asia Rising Fund-Japan, the corporate venture capital arm of Sumitomo Mitsui Banking Corporation (SMBC). The funding also saw...Read More
Uttarkashi (Uttarakhand) [India], August 14 (ANI): The Information Department of Uttarkashi informed that the District Magistrate Prashant Arya on Thursday inspected the recently formed temporary lake in the Harshil area. This lake was formed due to heavy debris falling into Harshil Gad due to the recent disaster in the Dharali-Harsil area. Further, the District Magistrate said that at present, the water is flowing smoothly from the mouth of the lake, due to which there is no immediate threat o...Read More
India's Ministry of Heavy Industries (MHI) has announced two amendments to the PM E-Drive scheme launched in October 2024, including a two-year extension for selected vehicle categories and infrastructure measures. The ministry has extended the scheme's deadline from 31 March 2026 to 31 March 2028. The original end date remains in place for electric two-wheelers, electric rickshaws and carts, and electric three-wheelers (L5 category). Subsidies will continue for an additional two years only for...Read More
MUMBAI, India, Aug. 14, 2025 /PRNewswire/ -- IndoStar, a middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter ended June 30, 2025 earlier today. During the quarter, the Company successfully completed the divestiture of its 100% subsidiary, Niwas Housing Finance Private Limited. Sale proceeds were received on July 17, 2025. Following completion, the Company has derecognized its investment in Niwas Housing Fin...Read More
MUMBAI (Reuters) -Indian rupee options markets suggest traders aren't too anxious about Friday's meeting between the presidents of the U.S. and Russia, with near-term implied volatility at its lowest this month and option pricing showing no bias toward rupee weakness. One-month implied volatility on the dollar/rupee stood at 4.35% on Friday, the lowest this month, while the spot/week implied hovered near monthly lows. Further, the cost of buying options that benefit from a rupee decline was ro...Read More
MUMBAI (Reuters) -India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money release. A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves. Further, the RBI intervened in both the onshore spot and non-deliverable forward markets that week to prevent the rupee from slippi...Read More
New Delhi [India], August 14 (ANI): The Delhi Milk Scheme (DMS) marked a significant milestone with the launch of new dairy products and the distribution of booth allotment letters at a special event at the NASC Complex, Pusa, New Delhi, according to a release from Ministry of Fisheries, Animal Husbandry and Dairying. The event was attended by Alka Upadhyaya, Secretary, Department of Animal Husbandry & Dairying (DAHD) and other senior officials of the department. The occasion celebrated the dig...Read More
Guwahati, August 14: Assam Chief Minister Himanta Biswa Sarma, on Thursday, launched a digital portal enabling indigenous residents of "vulnerable and remote" areas to apply for arms licences. Unveiling the facility at Lok Sewa Bhawan in Guwahati, Sarma said the initiative aims to empower indigenous communities facing genuine threats to their lives by providing "an extra layer of security". "This scheme is about safeguarding our indigenous people in the most vulnerable corners of Assam. With s...Read More
BusinessWire India Indore (Madhya pradesh) [India], August 14: Impetus Technologies, a leading global software products and services company, has been honored as the 'Dream Employer of the Year 2025' at the prestigious Asia's Best Employer Brand Awards, hosted by the World HRD Congress. This marks the ninth consecutive year that Impetus has achieved this milestone, reaffirming its position as one of the most sought-after workplaces in the industry. The award recognizes organizations that have...Read More
Indore (Madhya pradesh) [India], August 14: Impetus Technologies, a leading global software products and services company, has been honored as the Dream Employer of the Year 2025 at the prestigious Asia Best Employer Brand Awards, hosted by the World HRD Congress. This marks the ninth consecutive year that Impetus has achieved this milestone, reaffirming its position as one of the most sought-after workplaces in the industry. The award recognizes organizations that have demonstrated exceptiona...Read More
New Delhi [India], August 14 (ANI): The Bar Council of India (BCI) has approved the Rules of Legal Education, Moratorium (Three-Year Moratorium) 2025, which will remain in force for three years once published. Under this moratorium, no new law colleges will be set up or granted approval anywhere in India. Existing institutions will also not be allowed to start new sections, courses, or batches without prior written permission from the BCI. Pending applications that have already reached the fina...Read More
Shimla (Himachal Pradesh) [India], August 14 (ANI): Educational institutions in Himachal Pradesh Jubbal sub-division were shut on Thursday due to continuous rainfall, landslides, and road blockages since last night, as per the District Disaster Management Authority (DDMA). As per the statement from DDMA Shimla, All educational institutions in the sub-division Jubbal are closed today, in view of the continuous rainfall/landslides and road blocks since last night. Continuous heavy rainfall over ...Read More
Chennai (Tamil Nadu) [India], August 14 (ANI): Tamilaga Vettri Kazhagam (TVK) president Vijay on Thursday slammed the Chief Minister MK Stalin-led DMK government in Tamil Nadu for what he described as inhumane and anarchic arrest of protesting sanitation workers.in Chennai. Condemn the fascist DMK government for arresting sanitation workers, who have been peacefully fighting for their rights, in an inhumane and anarchic manner in the dead of night! Vijay said in a post on X. Chennai police on ...Read More
Guwahati (Assam) [India], August 14 (ANI): The Assam Chief Minister, Himanta Biswa Sarma on Thursday officially launched the arms licence services but clarified that the government will only provide an arms licence but will not give arms. This initiative aims to provide a sense of security to vulnerable populations and empower them to defend themselves if needed. We have officially launched the arms licence services as a citizen service under the Sewa Setu portal. Under this scheme, the indige...Read More
New Delhi, August 14, 2025: With an agenda of clean energy initiatives, the state-run Oil PSU Indian Oil Corporation Ltd (IOCL) has become the first entity in the nation to receive the prestigious ISCC CORSIA Certification for Sustainable Aviation Fuel (SAF) production at Panipat Refinery. This certification acts as the primary objective for commercial SAF production and represents a significant advancement in the capability for the production, certification and distribution of SAF. This milest...Read More
Lucknow (Uttar Pradesh) [India], August 14 (ANI): Chief Minister Yogi Adityanath tore into the Congress on Partition Horrors Remembrance Day, calling the 1947 Partition a dark chapter born out of appeasement politics that shattered Sanatan Bharat unity and inflicted deep wounds on the nation, a press release said. He credited Prime Minister Narendra Modi with reviving this forgotten history by declaring the day in 2021. Today, the entire country mourns, remembering the horrors of August 14, 194...Read More
New Delhi [India], August 14 (ANI): The Delhi Milk Scheme (DMS) marked a significant milestone with the launch of new dairy products and the distribution of booth allotment letters at a special event at the NASC Complex, Pusa, New Delhi, according to a release from Ministry of Fisheries, Animal Husbandry and Dairying. The event was attended by Alka Upadhyaya, Secretary, Department of Animal Husbandry & Dairying (DAHD) and other senior officials of the department. The occasion celebrated the dig...Read More
Mumbai: Black Box Limited, a leading provider of digital infrastructure solutions, announced its unaudited financial results for the quarter ended June 30, 2025. The Company delivered a resilient performance with year-over-year improvement in both operating profit and net profitability, despite the ongoing global tariff uncertainty that impacted project execution timelines. Building on the strong operational foundation laid in FY25, when the Company completed its multi-year turnaround and achie...Read More
New Delhi, Aug 14 (PTI) IT company Blackbox has reported an increase of 28 per cent in consolidated net profit at Rs 47 crore in the first quarter ended June 30, 2025, despite decline in revenue, the company said on Thursday. Blackbox had posted net profit of Rs 37 crore in the same period a year ago. The revenue of the company declined by 3 per cent to Rs 1,387 crore during the reported quarter, from Rs 1,423 crore in June 2024 quarter. "Revenue for the first quarter (Q1) of the financial ye...Read More
Aug 14 (Reuters) - Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the U.S. Federal Reserve in September following tame inflation data, which also weighed on the dollar. Spot gold rose 0.4% to $3,367.53 per ounce as of 0156 GMT. U.S. gold futures for December delivery added 0.3% to $3,416.70. "Markets are pricing in the chance that the Fed cuts 50 basis points in September. So the dollar's weakening, gold's going up as a ...Read More
Aug 12 (Reuters) - Radico Khaitan (RADC.NS), opens new tab, the maker of "Magic Moments" vodka, will invest up to $4.56 million and team up with Bollywood actor Shah Rukh Khan and Zerodha co-founder Nikhil Kamath to launch a premium tequila brand, marking its foray into the category. The Indian liquor maker, known for premium offerings such as Rampur Indian Single Malt and Jaisalmer Indian Craft Gin, will roll out the brand D'YAVOL Añejo -- a premium spirit made from agave and aged about two ye...Read More
LONDON, Aug 13 (Reuters) - A major new copper smelter in India owned by Adani Enterprises Ltd (ADEL.NS), opens new tab has applied to become a listed copper-producing brand with the London Metal Exchange, the LME said in a notice on Wednesday. The copper smelter, which has an annual production capacity of 500,000 metric tons, is coming online at a time of shrinking smelting margins due to new smelter capacity in China and slower-than-expected growth of copper concentrate supply. According to A...Read More
Nagaland Lottery Sambad (August 14, 2025): The Nagaland State Lottery is one of the most trusted and widely followed legal lotteries in India. Run by the Nagaland Finance Department since 1972, this government-regulated lottery system has become a major source of revenue for the state while attracting thousands of participants every single day. Daily draws are held three times, morning, day, and evening, under schemes like Dear Morning, Dear Day, and Dear Evening. These draws offer top prizes of...Read More
Mumbai, August 14: Arjun Tendulkar, son of cricketing legend Sachin Tendulkar, has reportedly got engaged to Saaniya Chandok, the granddaughter of Mumbai businessman Ravi Ghai. The private ceremony reportedly took place on August 13, with close family and friends in attendance. While neither the Tendulkars nor the Ghai family have officially confirmed the engagement, media outlets have widely reported the news. The event has sparked curiosity about Saaniya's family, particularly her grandfather...Read More
Mumbai: Leading cryptocurrency Bitcoin hit a record high of $124,210 on Thursday over increasing expectations for more lenient monetary policy from the US Federal Reserve. The development, coupled with supportive financial reforms, particularly under the pro-crypto stance of the US President Donald Trump's administration, boosted investor sentiment. The world's largest crypto asset by market capitalisation climbed over 0.9 per cent to $124,210, surpassing its previous peak in July. But as of 1...Read More
India's wholesale inflation fell to -0.58% in July from -0.13% in June, marking a continued disinflationary trend, helped by a strong spring harvest despite uneven monsoons. Retail inflation also cooled to 1.55%, an 8-year low, falling below the RBI's 2-6% target band for the first time in over six years. India's wholesale inflation edged down to -0.58% in July from -0.13% in June, as per government data released on Thursday. A Reuters poll of economists had projected wholesale price index (WP...Read More
Shimla (Himachal Pradesh) [India], August 14 (ANI): Continuous heavy rainfall over the past 24 hours has caused fresh damage across several parts of Himachal Pradesh, with no signs of immediate relief. While no major casualties were reported overnight, infrastructure losses remain significant, particularly to the road network, Education Minister Rohit Thakur said on Thursday. "The damage is occurring at multiple locations due to ongoing rain. Even last night, significant losses occurred, though...Read More