Kotak: Forex Reserves Strong but Vulnerable to Outflows

Veteran banker Uday Kotak cautioned that India's $700 billion forex reserves, while strong, are insufficient to absorb large foreign capital outflows amid global volatility, warning of widening current account deficit.

Liquor Industry Seeks Price Revision as Costs Surge

The liquor industry urges the government to expedite price revision due to significant cost increases in raw materials like PET bottles, labels, caps, and cartons, citing global conflicts and delayed payments.

Four Allege QNet Ponzi Scheme; Police File Case

Four victims in Hyderabad have accused QNet representatives of luring them into a Ponzi scheme under the guise of an e-commerce business. The CCS police have registered a case against 10 individuals.

ECR widening 85% done, completion in 2 months

The six-lane widening of the 10.5km ECR stretch from Thiruvanmiyur to Akkarai is 85% complete, with remaining work expected to be finished in two months, despite land acquisition and parking issues.

Two-Wheeler Thieves Arrested in Bengaluru

Talaghattapura police arrested Mohammed Khasif and Usman Khan for stealing parked motorcycles. They broke handle locks, sold bikes cheap, or abandoned them. Vehicles worth Rs 15 lakh recovered.

India Tightens Rules for Foreign Airlines

India's DGCA now has the power to revoke or suspend foreign airlines' authorisation for safety lapses. New rules mandate local representatives, passenger grievance redressal, and periodic reporting.

Fuel panic grips AP, minister assures no shortage

Fuel anxiety hit Andhra Pradesh as long queues at petrol bunks sparked concern. Minister Nadendla Manohar attributed it to panic buying, assuring sufficient stocks and warning against hoarding and black marketing.

ECoR to rationalise 1,239 posts in 2026-27

East Coast Railway will rationalise 1,239 posts in 2026-27 as part of Railway Board's nationwide manpower optimisation drive, targeting 2% of its sanctioned strength of 61,956 employees.

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