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IBM’s new GenAI Innovation Centre to open doors to all looking to experiment with its AI platform




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Chief Minister’s Trophy declared null and void due to false start




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Mescalito impresses




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HPSL Pune Derby to be run on Oct. 13.




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Tom Cruiser wins Mysore Dasara Sprint Championship-2024




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Magneto claims the Suresh Mahindra Trophy




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Mojito and Waikiki impress




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Redefined upstages Santissimo to claim the HPSL Pune Derby




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Mojito, Rasputin and Booster Shot catch the eye




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Champions Way primed to deliver in the Governor’s Cup




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Trevalius, Inspire, Finley, Mescalito and Vivaldo shine




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JSK1 Golconda St. Leger to be run on Oct. 28




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Dyf lives up to his billing in JSK1 Golconda St. Leger




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Pluto, Desert Star, Element, Everwin and Dakshin Vijay put up a pleasing display




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Knotty Legend, Mojito, El Greco and Dream Seller impress




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Knotty Charmer primed to deliver in the Rajyotsava Trophy




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All Stars, Soft Whisper, Crown Drive and Raffinato please




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Positano, LG’s Script, Ranquelino, Contessina, De Villiers and Mazal Tov excel




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Rise And Reign, Densetsu, Promiseofthefuture, Elfin Knight, Irish Rockstar and Storm Shadow catch the eye




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Hyderabad Winter Races to commence on November 10




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Government reduces windfall tax on crude oil to ₹5,700 per tonne

The tax, levied as Special Additional Excise Duty (SAED), aims to moderate the impact of rising oil prices on consumers.




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GST portal: Pan masala, tobacco manufacturers to register their machines

GST portal introduces forms for manufacturers of pan masala and tobacco to register machines and track inputs/outputs




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India imposes anti-dumping duty on pentaerythritol imports from China, Saudi Arabia and Taiwan

Kanoria Chemicals had filed the petition seeking anti dumping probe




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Finance Minister is now final authority to grade CPSEs

Proposals for upgrade or downgrade CPSEs need no longer be referred to Cabinet Secretariat and Public Enterprises Service Board




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FAME-III scheme unlikely to extend benefits to hybrid vehicles as govt focuses on EVs, cabinet note ready

Maruti Suzuki India, Toyota and Hyundai Motor have been lobbying for tax cuts on hybrid vehicles




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Foreign brokerages say BJP’s lower-than-expected victory to delay tough reforms but expect policy continuity

Foreign Brokerages predict fiscal consistency with a populist twist under Modi 3.0




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Day 1 of Modi 3.0: PM signed file to release Kisan Nidhi, Cabinet approves 3 cr homes

PM Kisan Nidhi provides income support to 14.5 crore small and marginal farmers




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MoS Kirti Vardhan Singh heads to Kuwait amid fire tragedy, expects clarity upon arrival

The Indian Embassy in Kuwait has set up a helpline for family members, and Prime Minister Modi has announced an ex-gratia relief of ₹2 lakh for the families of deceased Indian nationals




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NDA Govt under CM Chandrababu Naidu to implement major policy overhaul in Andhra Pradesh

Andhra Pradesh Chief Minister Chandrababu Naidu expected to personally examine policy changes in all departments




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Consumer Affairs Ministry releases draft guidelines to curb pesky promotional calls, messages

Draft guidelines released by DoCA protect consumers from unsolicited and unwarranted communications business communication




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CBIC issues valuation norms for foreign company supplies to Indian subsidiaries

Additionally, CBIC clarified that for calculating the time limit to avail ITC under the Reverse Charge Mechanism, the relevant financial year will be when the recipient issues the invoice




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Modi pivots to welfarism, free private sector growth

PM’s replies to the debate in Parliament with aggressive rebuttal of the Opposition’s barbs and a vision for the economy




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Self-declaration for advertisers limited to food, health sectors

I&B Ministry stated that advertisements issued for products related to food and health sectors will be required to upload an annual self-certificate on the Broadcast Seva Portal and Press Council of India portal.  




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On eve of Modi’s Moscow visit, Indo-Russia JV delivers 35,000 AK-203s to Indian Army

The Indo-Russian Rifles Private Ltd, a joint venture between India and Russia, has production facility at Amethi, UP and is expected to manufacture more than 600,000 rifles as per a deal between the two sides




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New MCA rule allows Directors to update KYC details throughout the year

This change offers more flexibility compared to the previous system, which only allowed updates during the annual KYC filing




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Two pre-Independence era acts to be re-enacted: Aircraft Act and Boilers Act get modern overhaul

In the upcoming Lok Sabha session, the Government will re-enact the Aircraft Act of 1934, introduce the Coffee Promotion Bill, and revamp the Indian Boilers Act of 1923 to modernise regulations and support the ‘Make in India’ initiative




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Health Ministry directs FSSAI to waive off registration fee for street food vendors

Union Health Minister, Jagat Prakash Nadda also stressed on providing ‘Street Safe’ Rapid Testing Kit to ensure safe food is used by street food vendors and highlighted the need to empower them by enrolling them on food delivery platforms




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Union Budget 2024-25: India slashes aid to Maldives, boosts support for Sri Lanka and Mauritius

Aid to the Maldives has been cut by 48%, reducing the grant from ₹770 crore to ₹400 crore, reflecting strained diplomatic ties following the election of pro-China President Mohamed Muizzu.




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Govt issues fifth draft notification to declare Western Ghats as ecologically sensitive area

The notification aims to safeguard the region by prohibiting activities such as mining, quarrying, sand mining, and new thermal power projects, while also restricting large-scale construction projects and townships




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Govt set to bring in changes in banking laws

Amendments likely to raise number of nominees in a bank account to 4



  • Money & Banking

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Oil Ministry introduces Bill to amend Oilfields Regulation Act

Oil Ministry’s move to enhance the ease of doing business in the exploration and production sector




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Andhra to announce new industrial, liquor policies soon

Pharma, automobiles, mining, energy and shipping, likely to be given special thrust by the State Government




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Government partners with MicroSave to optimise Community Investment Support Fund

MicroSave has signed MoU with Rural Development Ministry on July 29




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Govt to provide financial assistance to North Eastern States for hydro power development

This scheme has an outlay of ₹4,136 crore to be implemented from FY25 to FY32




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Cabinet approves e-auction to roll out FM Radio stations in 234 new cities

The Cabinet also clears the proposal to change annual licensing fee conditions




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Paytm gets Finmin approval for downstream investment into its payment services arm 

PPSL will now resubmit application with RBI for Payment Aggregator licence



  • Money & Banking

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NFRA-ICAI tussle over key audit standard overhaul: CA Institute Council to meet on Sep 17 to discuss future strategy

ICAI to debate NFRA’s plan to overhaul audit standard SA600, fearing concentration of market in few hands




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India enforces mandatory CCI approval for M&As over ₹2,000 crore under new regulations

The updated regulations define ‘India nexus’ criteria, including user metrics and turnover, and introduce a ₹500 crore monetary threshold.  




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India and Brazil to collaborate on SAF, leverage biofuel expertise to decarbonise aviation

The joint statement emphasised collaboration in technology exchange, joint research, and development initiatives to optimize SAF production processes and create frameworks encouraging investment in SAF production.




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Legislative bodies should use technology to discuss, shape welfare schemes for the poor, says LS Speaker Birla

By ensuring accountability and transparency of the Executive, democratic institutions make governance more responsible and efficient, says the Lok Sabha Speaker