Page 5 - Latest News
Engineers India Q1 net profit rises 55% to ₹108.6 crore, revenue falls
Lower technical assistance and sub-contracting costs supported profitability, while the company's order book stood at Rs 14,424 crore at the end of the June quarter
 "Engineers India Q1 net profit rises 55% to ₹108.6 crore, revenue falls")
Banks seek more from ATMs as non-cash services remain largely unused
ATMs offer fund transfers, bill payments and several other services beyond cash, but low awareness and the rise of mobile banking have left much of this capacity underused
 "Banks seek more from ATMs as non-cash services remain largely unused")
India urea offers fall 12% as fertiliser supplies recover from war shock
Offers for India's latest urea tender were 12% below June's purchase price, signalling that the war-driven squeeze on global fertilizer supplies is easing.
 "India urea offers fall 12% as fertiliser supplies recover from war shock")
Trump allows Navy to build ships abroad, orders return to steam catapults
Trump's directive would allow foreign shipbuilders to construct up to two vessels overseas while ordering the Navy to replace EMALS with steam catapults.
 "Trump allows Navy to build ships abroad, orders return to steam catapults")
How Indian economy has transformed since the landmark 1991 reforms
By 2025-26 the primary sector's share had roughly halved to about 18%, the tertiary sector had surged to some 56% and industry sat almost exactly where it began, at around 25%
 "How Indian economy has transformed since the landmark 1991 reforms")
RBI's new loan rules: Experts explain faster rate resets, tighter spreads
Regulator prescribes three-month resets for floating-rate loans and tighter rules on spreads, with changes for existing borrowers.
 "RBI's new loan rules: Experts explain faster rate resets, tighter spreads")
2 UAE oil tankers attacked while sailing through Strait of Hormuz
Two ADNOC tankers suffered minor damage in drone attacks while transiting the Strait of Hormuz, as the UAE accused Iran of acts of piracy.
 "2 UAE oil tankers attacked while sailing through Strait of Hormuz")
China July bank loans post record contraction as credit demand falters
China's new yuan loans contracted by a record 340 billion yuan in July, as weak household and corporate borrowing pointed to subdued credit demand.
 "China July bank loans post record contraction as credit demand falters")
Rain lashes Delhi; waterlogging in several areas as orange alert continues
Rain lashed several parts of Delhi on Friday, leading to waterlogging in multiple areas as the city remained under an 'orange alert'.
 "Rain lashes Delhi; waterlogging in several areas as orange alert continues")
Kalpataru Projects International bags new orders worth ₹3526 crore
Kalpataru Projects International on Friday said the company has secured new orders worth Rs 3526 crore.
 "Kalpataru Projects International bags new orders worth ₹3526 crore")
India's forex reserves climb past $700 billion on robust inflows
India's foreign exchange reserves rose to a four-month high of $707 billion as of August 7, bolstered by robust inflows under policy measures to strengthen India's balance of payments
 "India's forex reserves climb past $700 billion on robust inflows")
Reforms@35: India grew nine-fold, but its Asian peers grew faster
In 1991, five years into the Doi Moi reforms, Vietnam's per capita income was $141, less than half of India's. Today it is $4,829, nearly twice that of India
 "Reforms@35: India grew nine-fold, but its Asian peers grew faster")
NCR developers seek project timeline relief from UP, Delhi, Haryana Reras
Credai NCR has urged regulators to implement the Centre's advisory granting a four-month extension to eligible projects amid West Asia-linked supply chain disruptions
 "NCR developers seek project timeline relief from UP, Delhi, Haryana Reras")
Sebi allows online bond platforms to offer GIFT-IFSC-regulated bonds
Sebi has allowed online bond platforms to offer GIFT-IFSC-regulated securities, expanding their product range while mandating clear overseas labelling and regulatory compliance
 "Sebi allows online bond platforms to offer GIFT-IFSC-regulated bonds")
India sees sharp expansion in retail, MSME credit access since 2021
Retail bureau coverage rose 1.7 times to 78.9 crore borrowers by 2026, while active MSME borrowers more than doubled to 1.9 crore over the five-year period
 "India sees sharp expansion in retail, MSME credit access since 2021")
DeepSeek launches V4 Pro at prices up to 14 times higher than V4 Flash
DeepSeek said the V4-Pro-0813 substantially improves its capabilities for AI agents and is available through its API, app and web products.
 "DeepSeek launches V4 Pro at prices up to 14 times higher than V4 Flash")
Jharkhand CM urges PM Modi to rethink MMDR Bill, flags ₹11,000 crore risk
Hemant Soren says proposed restrictions on states' mineral taxation powers raise constitutional and federal concerns and could hit Jharkhand's mining revenues
 "Jharkhand CM urges PM Modi to rethink MMDR Bill, flags ₹11,000 crore risk")
AGI safety paradox: AI firms warn of danger, then offer models to manage it
OpenAI, Anthropic and Google DeepMind are building more capable AI while developing safeguards for its risks, raising questions over how much influence frontier labs should have over AI governance
 "AGI safety paradox: AI firms warn of danger, then offer models to manage it")
No screen, more tracking: Why screenless fitness bands are making comeback
From Fitbit Air to Garmin's Cirqa, screen-free fitness bands are growing even as the wider wearable market shrinks - and Apple may be watching closely
 "No screen, more tracking: Why screenless fitness bands are making comeback")
FinMin warns against high turnover, payroll criteria in GeM tenders
The Finance Ministry has advised central government entities to avoid disproportionately high turnover, payroll and staffing requirements in GeM consultancy tenders
 "FinMin warns against high turnover, payroll criteria in GeM tenders")