Indian-news

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13 Aug 2026 10:54 AM EconomicTimes

Binance to launch commodity options on gold and silver

Building on strong demand for commodity perpetuals, Binance adds another layer to its TradFi ecosystem with compliant, crypto-native options on core macro assets

13 Aug 2026 10:11 AM EconomicTimes

Oman says oil spill from grounded tanker has reached its coastline

Crude oil from a grounded tanker has reached Omani mainland beaches. The sanctioned vessel, Caroline Bezengi, is leaking nearly one million barrels. Contamination has spread north of Qabiliyah Island, endangering a marine protected area. Southern coasts of Masirah Island may also be affected soon. Satellite images show the spill covers over six hundred square kilometers.

13 Aug 2026 09:50 AM EconomicTimes

HPCL buys 4 million barrels of Middle Eastern crude, traders say

Hindustan Petroleum Corp has bought 4 million barrels of Middle Eastern crude through a spot tender, according to trade sources. The state-run refiner purchased 2 million barrels of Murban crude each from BP and PetroChina, along with 1 million barrels of Oman crude from Trafigura, with deliveries expected in early October.

13 Aug 2026 09:50 AM EconomicTimes

UPI costs Rs 20,700 crore, government allocation just Rs 2,000 crore: Parliament Panel

A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlement Systems Act now permit transaction charges on digital payments. The committee noted a significant funding gap between allocations and operational costs. Future merchant discount rate charges will be nominal and apply to limited high-value transactions.

13 Aug 2026 08:24 AM EconomicTimes

Air India Phuket-Delhi flight logged multiple hydraulic failures; autopilot disconnects before 300ft drop

Air India flight AI2379 from Phuket to Delhi experienced technical warnings on August 4. The Airbus A320 aircraft suffered a sudden 300-foot altitude drop over Odisha. This incident resulted in injuries to twenty passengers and four cabin crew members. A post-flight maintenance report revealed multiple system warnings and alerts.

13 Aug 2026 07:15 AM EconomicTimes

India fuels global growth in planned coal mining capacity, report says

India nearly doubled its planned coal mining capacity in 2025 to 638 million metric tons per annum, driving almost all of the global increase in proposed coal projects, according to Global Energy Monitor. The expansion comes as India seeks to meet rising power demand despite rapid renewable growth and slowing global coal demand.

13 Aug 2026 01:24 AM EconomicTimes

From reels to episodes: 80% Indians embrace microdrama as new entertainment habit

Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short, episodic stories. Social media feeds are the primary source for discovering new microdrama content. This format shows strong brand recall and purchase intent for advertisers. Microdrama offers creators and brands opportunities for deeper audience engagement.

13 Aug 2026 01:16 AM EconomicTimes

SAT reserves interim relief order in Zee, Punit Goenka-SEBI case

The Securities Appellate Tribunal reserved its order on interim relief for Zee Entertainment and Punit Goenka. They are challenging a Securities and Exchange Board of India order which they deem punitive. Lawyers argued the order should not take effect until future resolutions are completed. These resolutions are for the company's overall benefit and future operations. Parties must file their replies and submissions within the next six weeks.

13 Aug 2026 01:11 AM EconomicTimes

Hotels, cafes ramp up expansion, set to unleash hiring boom in H2 2026

Hotel chains plan substantial expansion, expecting many new openings soon. This growth will create thousands of new jobs across India. Radisson Hotel Group anticipates a 75% increase in hotel openings. ITC Hotels aims for over 2,000 new hires for its upcoming properties. IHCL's guidance indicates about 6,000 direct employment opportunities.

13 Aug 2026 01:09 AM EconomicTimes

Drug formulations & biologicals keep India's pharma exports healthy in Q1

During the first quarter of fiscal 2027, India's pharmaceutical exports soared to $8.10 billion, showcasing remarkable strength in drug formulations and biologicals, which together made up roughly three-quarters of the total. Both bulk drugs and vaccines saw substantial double-digit growth. North America and Europe served as vital markets for Indian medicines, indicating a promising future for the nation's pharmaceutical sector.

13 Aug 2026 01:06 AM EconomicTimes

TV ad demand weakens as ratings blackout enters festive season

Television broadcasters anticipate a challenging festive advertising season ahead. This comes as ratings remain withheld following a ministry directive. Advertising demand is already subdued due to economic pressures and digital shifts. Free commercial time consumption has fallen to a three-year low. This situation impacts the entire TV broadcasting ecosystem significantly.

13 Aug 2026 01:04 AM EconomicTimes

Supreme Court rulings set to raise insurers' third-party liability

General insurers face higher motor third-party claim reserves due to Supreme Court rulings. A recent ruling fixes homemakers' notional income, increasing claim payouts. This interpretation is expected to raise claim outgo significantly over eighteen months. Insurers also face policy standardization for occupant and pillion-rider coverage. Motor third-party insurance remains challenging with rising claim costs and slow premium growth.

13 Aug 2026 01:01 AM EconomicTimes

Govt tightens drug quality net, initiates 950 actions since 2022: Over 1,100 cough syrup makers are also facing intensive audits amid quality concerns

The government has initiated 950 enforcement actions against pharmaceutical companies since December 2022. These actions aim to improve the quality of locally made medicines and prevent spurious drug sales. More than 1,100 cough syrup manufacturers are facing intense audits due to quality concerns. Drug manufacturing premises are inspected periodically to verify compliance with good manufacturing practices. Risk-based inspections are now prioritized based on a company's risk profile.

13 Aug 2026 01:01 AM EconomicTimes

Govt tightens drug quality net, initiates 950 actions since 2022: Over 1,100 cough syrup makers facing intensive audits amid quality concerns

The government has initiated 950 enforcement actions against pharmaceutical companies since December 2022. These actions aim to improve the quality of locally made medicines and prevent spurious drug sales. More than 1,100 cough syrup manufacturers are facing intense audits due to quality concerns. Drug manufacturing premises are inspected periodically to verify compliance with good manufacturing practices. Risk-based inspections are now prioritized based on a company's risk profile.

13 Aug 2026 12:55 AM EconomicTimes

Southern banks on a golden lending streak; gold-loan books swell 2x

South Indian banks have seen their gold-loan portfolios nearly double in three years. This significant growth is driven by rising gold prices and increased demand for credit. Federal Bank, CSB Bank, and others experienced substantial portfolio expansions. CSB Bank recorded the fastest growth, more than doubling its gold loan book. Gold loans now represent a significant portion of advances for these regional lenders.

13 Aug 2026 12:24 AM EconomicTimes

Banks to reveal loan rates every month in RBI's disclosure tweak

The Reserve Bank of India has proposed new lending rate guidelines. Regulated entities must declare lending rates monthly and reset floating loans quarterly. Total charges for microfinance and small loans will be capped by the regulator. These new norms aim to harmonize interest rate determination methods. Final guidelines will take effect from April 1, 2027.

12 Aug 2026 10:32 PM EconomicTimes

Indian Railways big update: 3 new trains, 4 route extensions and 7 additional halts approved; check routes, timings and stations

Indian Railways has launched two new train services and is extending several existing routes. The new daily services, Kasganj-Aishbagh Express and Valsad-Surat MEMU, will enhance connectivity. Additionally, the Varanasi City-Gorakhpur Express will now reach Nepalganj Road, thus improving travel options for passengers across various states and fostering greater convenience and accessibility.