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Global food prices hit a three-year high in July as extreme weather and conflicts pushed up costs. The FAO index reached 131.1 points, driven by a 3.4 per cent rise in cereal prices. While meat and dairy costs fell, experts said supply disruptions could keep food inflation high for many.
India has built energy resilience to withstand external shocks, Petroleum Minister Hardeep Singh Puri said on Friday. The nation diversified crude oil supplies and expanded infrastructure to handle global disruptions. Puri noted the new Rs 84,000-crore Samudra Manthan scheme will help accelerate deepwater oil and gas exploration efforts across the country.
The MMRDA appointed Singapore’s Surbana Jurong to prepare the master plan for Mumbai 3.0. This 323.44 sq. km town will come up across Raigad district villages. Eknath Shinde said, "We are bringing to Maharashtra global expertise with a proven track record in shaping Singapore and urban developments across more than 16 cities."
The 2026 Taxation Bill removes an anomaly for REIT and InvIT investors. Dividend distributions will now be exempt, even if the underlying SPV uses a concessional tax regime. Shaily Gupta said, "The Amendment Bill seeks to bring greater uniformity and certainty to the taxation of REIT and InvIT distributions."
Work on the ₹2083 crore Ratlam-Banswara-Dungarpur rail line is moving ahead smoothly. Officials said they already spent ₹243 crore on the 189-km project. So far, the team acquired 646 hectares of land out of the 1,736 hectares needed. A new survey for a 380-km line in the Banswara region also started.
EPFO shifted the UAN activation process from its portal to the Umang mobile app. This change follows a major database consolidation and software upgrade aimed at making online services faster. Members can now use the app to activate their UAN or retrieve a forgotten number using their registered mobile phone.
India and Russia reviewed industrial cooperation on Friday during the 12th session of their working group in New Delhi. Officials discussed the Vande Bharat train project, SJ-100 aircraft production, and UAVs. Both nations also explored new opportunities in lithium mining and critical minerals to deepen their bilateral economic ties.
Titan Company reported a 65% rise in Q1 net profit to Rs 1699 crore on Friday. Revenue grew 24.3% to Rs 18,101 crore, helped by strong jewellery sales and festive demand. While the company saw growth across its watch and eyewear divisions, the stock fell 0.82% to Rs 4943 after the announcement.
India is changing how it defines corporate control to better suit modern business needs. The government is moving away from a single test to a context-sensitive approach. This shift impacts foreign investment and competition rules, as officials now look at who actually steers management decisions or holds material influence.
The Reserve Bank of India’s draft proposal to restrict revolving credit facilities for non-banking financial companies hit financial stocks on Friday. Bajaj Finance fell nearly 6 per cent as the Sensex fell 456 points. Hariselvan Radhakrishnan said, “The market’s concern is that a structural change could alter the growth trajectory.”
A startup founder said a new hire ghosted the company after taking a laptop. The employee left for a salary offer just Rs 25,000 higher. This incident sparked a debate online about professional ethics. Many users said that while job switching is fine, disappearing without any communication is unprofessional.
Indian government bonds posted their first weekly rise in five weeks on Friday. A fall in oil prices and a dovish tone from the Reserve Bank of India boosted demand. The central bank kept the repo rate unchanged on Wednesday. ICICI Securities said, "RBI is hinting it is not inclined."
Ordering regional treats like Agra petha or Lonavala chikki is now easy across India. While convenience helps small producers, food historians argue that local flavours define travel experiences. As Colleen Taylor Sen said, "Food, like fragrance, shapes our memories." Some specialities simply lose their magic when they travel too far.