business Gold futures climbed for the second consecutive session, reaching Rs 1,46,464 per 10 grams on the MCX. This rally was fueled by geopolitical uncertainties and a weaker US dollar amid safe-haven buying. The RBI kept its repo rate steady at 5.25% for the fourth straight meeting. International Comex gold futures also rose to USD 4,226.50 per ounce. Investors are now watching US macroeconomic data for the next big move. 📈
tech A parliamentary standing committee issued a three-day ultimatum to Meta CEO Mark Zuckerberg regarding the removal of PM Narendra Modi's video. The committee, led by Nishikant Dubey from the BJP, demanded an apology after the erroneous blocking of the PM's July 23 video message. The demand also included concerns over CSAM on Instagram and lifting Google India's safe harbour due to cyber fraud cases. Failure to apologize could lead to the revocation of Meta's legal immunity under the IT Act. The committee's actions follow a hearing where opposition MPs challenged political influence on content moderation. 📱
tech CMF's budget brand has dropped the Clip Pro, its first clip-style open-ear earbuds, for everyday listening. They are available from CMF in the US, UK, and Japan starting August 15, with a $79 preorder price. The earbuds offer 10 hours of playback and support Hi-Res Audio via codecs like LDAC. Key features include four HD microphones for clear calls and a Smart Dial on the case. CMF confirmed these earbuds will not be released in India. 🎧
sports Yorkshire is set to take on Derbyshire in the Group B match of the England Domestic One-Day Cup 2026 on August 7 at North Marine Road Ground, Scarborough. Yorkshire currently holds second place in Group B, while Derbyshire sits in fifth position in the standings. The match is part of the ODI format, with Yorkshire being favoured to win this contest. Yorkshire has shown strong form this season, with William Luxton scoring 344 runs in five matches. Both teams are aiming to maintain their momentum in the ongoing domestic tournament. 🏏
india CM V.D. Satheesan stated that all VACB findings exonerating him in the Punarjani case happened under the previous LDF government. He mentioned the allegations involved foreign funds for flood victims in Paravur, Ernakulam, around 2019. The UDF government dropped the charges on July 30, citing political motivation from the LDF. Satheesan claimed the LDF hid a report proving the corruption charges were false for election purposes. Subsequent VACB inquiries, including one on September 7, 2024, found no evidence to support the allegations. 🏛️
health Fatty liver disease is now India's fastest-growing liver health problem, surpassing viral hepatitis, according to AIIMS experts in New Delhi. This condition is increasingly linked to obesity, diabetes, and poor lifestyles rather than just viral infections. AIIMS specialists estimate that nearly one in three Indians currently has fatty liver disease, affecting about 35% of children. Untreated, this can lead to serious issues like cirrhosis and liver cancer. Authorities are calling for better awareness and screening to manage this rising health burden. 😟
business The Reserve Bank of India decided to maintain the benchmark repo rate at 5.25% on Wednesday. This decision was announced by the central bank, guided by uncertainties like the southwest monsoon and geopolitics. Industry leaders believe this stability will support buyer confidence and housing demand ahead of the festive season. Experts anticipate this continuity will sustain healthy residential sales momentum through the second half of 2026. Furthermore, the rate stability is expected to boost construction activity and related MSMEs.
health Maharashtra has imposed a one-year ban on the production and sale of analogue paneer products across the state. This ban was issued by Maharashtra Food Safety Commissioner Tukaram Mundhe under the Food Safety and Standards Act 2006. Violators face up to six months in jail and a ₹1 lakh fine for manufacturing or selling the items. Furthermore, selling it as genuine paneer is an unfair trade practice, and unsafe food leading to death can result in life imprisonment. Authorities are ensuring strict action against those engaged in this deceptive practice. 😠
The BJP has issued a rare apology following a disappointing bypoll loss. This political party faced setbacks in a recent byelection contest held in a specific region. The results came in on a particular date, showing figures that were lower than anticipated. This loss is being analyzed within the broader context of the current electoral landscape in India. The party is now expected to reassess its campaign strategies moving forward. 😔
business Tamil Nadu's overall outstanding debt is estimated at ₹10,98,768 crore in the RBE 2026-27, down from ₹10,99,458 crore in IBE 2026-27. Finance Minister N. Marie Wilson presented this Revised Budget in the Legislative Assembly on Wednesday, August 5, 2026. The debt-to-GSDP ratio is now projected at 27.01%, while Total Revenue Receipts increased to ₹3,50,027 crore. Total Revenue Expenditure rose to ₹4,05,802 crore due to new commitments like crop loan waivers. Consequently, the Revenue Deficit is estimated to reach ₹55,775 crore in the RBE 2026-27.
business The TVK-led Tamil Nadu government announced procurement reforms in its Budget Estimates on Wednesday, August 5th. This change removes the mandatory submission of 'unnecessary certificates' for contractors across various departments. The government also relaxed eligibility rules for small businesses and encouraged new bidders in low-value procurements. Furthermore, it directed that previously cornered tender estimates now go straight into the State exchequer. Planning permission for high-rise buildings will now be managed by the CMDA to streamline approvals. 🏛️
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