Government rejects ethanol link to sugar price rise, cites Red Rot and El Niño
Union minister Prahlad Joshi said India has no shortage of sugar despite retail prices reaching ₹65 a kilogram or more in some places. He attributed the increase to Red Rot disease and El Niño conditions, while the government said it was monitoring prices and considering temporary raw sugar imports ahead of the festival season.
Government offers 3% stake in Hindustan Copper at ₹514 OFS floor price
The Government of India has offered to divest 3% equity in Hindustan Copper Limited through an Offer for Sale, with an option to sell an additional 3% if the issue is oversubscribed. The OFS will open at a floor price of ₹514 per share. The Government of India is offering to divest 3% of its equity in Hindustan Copper Limited through an Offer for Sale (OFS), with a further 3% available under a green shoe option if the offering is oversubscribed.
RBI forex swap facility draws US$73 billion in inflows in eleven weeks
The Reserve Bank of India’s special USD-INR forex swap facility has mobilized US$73 billion in foreign exchange inflows by August 21, 2026. FCNR(B) deposits contributed US$65.40 billion, prompting the central bank to bring forward the facility’s closing date after the scheme surpassed its objective ahead of schedule. The Reserve Bank of India’s special USD-INR forex swap facility has attracted US$73 billion in foreign exchange inflows in under eleven weeks, with FCNR(B) deposits accounting for US$65.40 billion as of August 21, 2026.
Urban Company secures Delhi High Court action against Kent RO over filter-life ads
Urban Company says Kent RO has agreed to remove advertisements and social media content challenged in a Delhi High Court dispute over claims about the filter and service life of Native water purifiers. The order also restricts further promotional material making similar claims that could damage Urban Company’s reputation. Urban Company has secured an order in its legal dispute with Kent RO Systems over advertisements and social media content concerning the filter life of its Native water purifiers.
Turkish military aircraft make repeated Pakistan flights, raising questions over drone supplies
Several Turkish military aircraft have reportedly made repeated flights to Pakistan, landing at airbases near Rawalpindi and Karachi. The unusual movement has prompted speculation that drones, related equipment and an HQ-series air defence system may be being delivered, although Pakistan has not publicly explained the activity. Several Turkish military aircraft have been seen making repeated flights to Pakistan, including landings and departures at Nur Khan Airbase near Rawalpindi and Masroor Airbase in Karachi.
Iran threatens to halt Gulf oil exports, raising risks for India’s fuel prices
Iran has warned that it could stop oil exports through the Strait of Hormuz and other parts of the Persian Gulf if the United States launches an economic war against it. The threat comes as Washington prepares possible new measures against Iran and countries that trade with Tehran, creating fresh concerns for India’s oil and LPG supplies.
17 stocks in focus on 24 August as block deals, approvals and regulatory updates emerge
Suzlon Energy, Reliance Industries, Lenskart Solutions, Meesho and 13 other companies may draw market attention on 24 August after developments reported following Friday’s close. The updates include possible block deals, business approvals, fund-raising, order wins, stake sales and USFDA observations. Shares of 17 companies could be in focus when the market opens on 24 August after several corporate developments emerged following Friday’s close.
Yash’s Toxic beats Dhurandhar 2 in advance sales as opening-day buzz surges
Yash-starrer Toxic has recorded a rapid advance-booking response ahead of its worldwide release on August 26, 2026. More than 4,56,486 tickets have been sold across tracked shows, while the film’s first 24-hour sales have surpassed figures reported for Jawan, Dhurandhar 2 and Animal. Yash’s Toxic is setting a strong pace in advance bookings ahead of its worldwide release on August 26, 2026.
Low-pressure area in Bay of Bengal brings heavy rain alerts across eastern and northern India
A low-pressure area has formed over the northwest Bay of Bengal, prompting heavy and very heavy rainfall alerts across Odisha, Chhattisgarh, Jharkhand, Bihar and other states. The weather update also includes thunderstorm and lightning warnings for parts of northern, central, eastern and northeastern India through 29 August. A low-pressure area has formed over the northwest Bay of Bengal, bringing a spell of heavy and very heavy rain across several parts of eastern, central, northern and northeastern India.
Forex inflows under RBI swap facility reach USD 72,848 million by August 21
Forex inflows through FCNR(B) deposits, overseas foreign currency borrowings and external commercial borrowings reached USD 72,848 million under the Reserve Bank’s special USD-INR swap facility, according to data reported by Authorised Dealer Banks till August 21, 2026. Forex inflows under the Reserve Bank’s special USD-INR Forex Swap facility reached USD 72,848 million by August 21, 2026, according to data reported by Authorised Dealer Banks.
RBI outlines forex swap windows for FCNR(B), ECB and OFCB inflows
The Reserve Bank of India has set out the timelines for its special USD-INR Forex Swap facility covering inflows through FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings. The facility opened on June 08, 2026, with separate closing dates for deposit and borrowing-related inflows. The Reserve Bank of India has outlined the timelines for a special USD-INR Forex Swap facility covering foreign exchange inflows through FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings.
Education Ministry budget rises 8.27% as school education gets ₹83,562 crore
The Education Ministry’s allocation for FY 2026-27 has increased 8.27% over BE 2025–26. The Department of School Education & Literacy will receive ₹83,562 crore, its highest-ever allocation, while higher education has been allocated ₹55,727.22 crore, according to figures released by the Ministry of Education. The Education Ministry’s budget allocation for FY 2026-27 has risen 8.27% over BE 2025–26, with school education receiving its highest-ever allocation.