India, Aug. 18 -- The Government of India has issued a release: India's coconut sector supports rural livelihoods, agricultural growth, and cultural traditions. Nearly 30 million people, including around 10 million farmers, depend on the sector. India ranks first in global coconut production, with Keralam leading in area, Tamil Nadu in production, and Andhra Pradesh in productivity. India's export basket has expanded from traditional products to value-added products like virgin coconut oil, coc...
India, Aug. 18 -- The Government of India has issued a release: India's FTA journey is moving from expanding its network of agreements to making fuller use of the market access. Recent export performance shows the growing commercial importance of FTA partners. A shift is visible in early export gains, rising preferential CoO issuance and a wider range of exports to these markets. This indicates that more businesses are beginning to engage with opportunities created by the agreements. The transi...
India, Aug. 18 -- The Government of India has issued a release: The Competition Commission of India (CCI) has approved acquisition of 23% equity shareholding of TM International Logistics Ltd. by Tata Steel Ltd. The proposed combination pertains to the acquisition by Tata Steel Ltd. (Tata Steel) of the entire shareholding comprising 23% equity shares held by one of the existing joint venture partners, i.e., IQ Martrade Holding Und Management GmbH (IQ Martrade) in TM International Logistics Lim...
India, Aug. 18 -- The Government of India has issued a release: The Competition Commission of India (CCI) has approved the acquisition of additional shareholding of Acko Technology & Services Private Limited by General Atlantic Singapore ACK Pte. Ltd. The Proposed Combination envisages acquisition of additional shareholding of Acko Technology & Services Private Limited (Target) by General Atlantic Singapore ACK Pte. Ltd. (Acquirer) on a fully diluted basis, crossing the threshold of 25%, pursu...
MUMBAI, India, Aug. 19 -- Reserve Bank of India issued the following notification: RBI/2026-27/236 DOR.AML.REC.204/14.06.001/2026-27 August 19, 2026 The Chairpersons/ CEOs of the Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Update...
MUMBAI, India, Aug. 19 -- Reserve Bank of India issued the following speech: Distinguished guests, colleagues from the banking and financial industry, ladies and gentlemen - Namaskar, and a very good afternoon. 1. It is a privilege to address this distinguished gathering at the fourth edition of the CNBC-TV18 Banking Transformation Summit. This year's theme captures, I think, exactly the right subjects for our times: "Scaling Bharat, Banking with Responsible AI". And it gives us a timely oppor...
MUMBAI, India, Aug. 19 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, August 20, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 09:30 AM to 10:00 AM August 21, 2026 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release 2...
MUMBAI, India, Aug. 19 -- Reserve Bank of India issued the following press release: [Under Section 45ZL of the Reserve Bank of India Act, 1934] The sixty second meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during August 3 to 5, 2026. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by all the members - Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industr...
MUMBAI, India, Aug. 19 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 1,25,825 Amount accepted (in ₹ crore) 1,25,825 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate N.A. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/922 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 19 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,47,255.99 5.00 1.00-5.51 I. Call Money 11,328.97 5.11 4.60-5.25 II. Triparty Repo 4,57,896.55 4.97 4.50-5.07 III. Market Repo 1,70,597.37 5.05 1.00-5.51 IV. Repo in Corporate Bond 7,433.10 5.32 5.28-5.41 B. Term Segment I. Notice Money** 243.70 5.01...