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Consumer Affairs Secretary Nidhi Khare asked FMCG, food and retail industries on Tuesday to improve their grievance redressal systems. She said complaints rose fivefold in five years. The government plans to use AI and robotics to boost product testing, while simplifying quality standards to help businesses meet compliance norms easily.
Net foreign direct investment fell to USD 1 billion in 2024-25 from USD 10.2 billion in 2023-24. Minister Jitin Prasada said, "The recent trend in net FDI inflows is associated with increased FDI by India, as well as greater repatriation." Indian firms now use capital to expand their global presence.
Bengal Silicon Valley Confluence 2027 launched on Monday to boost job creation. Chief adviser Subrata Gupta said the government priority is to generate employment. Tech entrepreneur Rahul Roy added, "My top priority is to generate more employment in Bengal through Artificial Intelligence." The summit aims to attract global investors to Bengal.
The Ministry of New & Renewable Energy said on Tuesday that the PM Surya Ghar: Muft Bijli Yojana reached 5 million rooftop solar installations. "The PM Surya Ghar: Muft Bijli Yojana has crossed a landmark milestone," the ministry said. This fast growth helps many families get zero electricity bills today.
Crisil assigned an 'AA/stable' rating to Vedanta Iron & Steel Ltd on August 4, 2026. This rating reflects the company's strong business fundamentals and better financial profile. The firm reported a net profit of ₹122 crore for the quarter ended June 30, as revenue from operations rose to ₹3,662 crore.
A Bengaluru man quit his ₹11 LPA job to start a water purification business. He now earns nearly ₹28.5 lakh a year by supplying water to 300 homes and shops. Ankit Pandey said, “Sometimes the best business is not the most glamorous one. It is the one that solves a daily problem.”
Nazara Technologies announced on Tuesday, August 4, that founder Nitish Mittersain is stepping down as CEO. Raymond A. Stauffer will take over the role from September 1. The board also plans to meet to consider a fundraise as the company pursues its $303 million acquisition of Bluetile and BestPlay gaming firms.
The Taxation and Other Laws (Amendment) Bill, 2026 restores dividend tax relief for REIT and InvIT investors. Finance Ministry sources said the bill addresses this issue by restoring the dividend tax exemption for investors irrespective of the tax regime chosen. This move aims to boost long-term capital flows into infrastructure sectors.
Bending Spoons agreed to buy Airtable for $1.285 billion in an all-cash deal, the companies said on Tuesday. This purchase marks the firm's first acquisition since its Nasdaq debut last month. Bending Spoons continues its aggressive expansion strategy, and the transaction is expected to close by the end of year.
India’s market regulator plans to relax disclosure rules for high-risk offshore funds after facing legal challenges. The regulator aims to ease pain points and attract long-term foreign capital. These changes follow complaints about 2023 rules that made it hard for thematic funds to invest while foreign investors sold record shares.
SEBI introduced the GARUDA framework, allowing Alternative Investment Fund schemes to launch within 10 working days of filing their Private Placement Memorandum. Chirag Shah of BlackSoil AMC said, "GARUDA enables fund managers to act on investment opportunities more quickly." This change helps managers deploy capital faster and improves business ease.
Mangaluru-Bengaluru train services resumed after two days of disruption caused by landslides between Siribagilu and Yedakumari. Indian Railways cleared debris and secured the hillside to reopen the track at 7.25 pm on Monday. While operations started again, many trains still got delayed by two hours as services slowly returned.