South Indian Bank shares tank 10 pc after RBI nod for new CEO

IANS | July 8, 2026 1:05 PM

New Delhi, July 8 (IANS) Shares of private lender South Indian Bank tumbled nearly 10 per cent on Wednesday after the lender announced that it had received the Reserve Bank of India's (RBI) approval for the appointment of Mahesh Muralidhar Pai as its Managing Director and Chief Executive Officer (MD & CEO).

Govt launches Handloom Hackathon 2026 to drive innovation in sector

IANS | July 8, 2026 12:22 PM

New Delhi, July 8 (IANS) The government has launched the Handloom Hackathon 2026 — “Weaving Innovation” — a national innovation challenge to harness technology, design, entrepreneurship and sustainable solutions for India's handloom sector, an official statement said on Wednesday.

Bilateral trade between India, ASEAN reaches $128 billion during 2025–26

IANS | July 8, 2026 11:48 AM

New Delhi, July 8 (IANS) Bilateral trade between India and ASEAN reached $128 billion during 2025–26, reflecting the strong economic partnership between the two sides and providing further opportunities to expand trade and investment cooperation, an official statement said on Wednesday.

Govt allows drug imports via Navi Mumbai Airport

IANS | July 8, 2026 11:44 AM

New Delhi, July 8 (IANS) The Ministry of Health and Family Welfare has enabled the import of drugs through the newly inaugurated Navi Mumbai Airport in Maharashtra, expanding designated entry points for pharmaceutical consignments to 42 ports, an official statement said on Wednesday.

SEBI shifts FPI registration fees from US dollar to rupee denomination

IANS | July 8, 2026 10:05 AM

Mumbai, July 8 (IANS) The Securities and Exchange Board of India (SEBI) has notified amendments to the Foreign Portfolio Investors (FPI) Regulations, replacing the US dollar-denominated fee structure with a rupee-denominated payment mechanism for foreign investors and foreign venture capital investors (FVCIs).