Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that preventing second-round effects of supply shocks, where inflation expectations rise due to prolonged disruptions, is the primary role of monetary policy. He also defended the RBI's foreign exchange market interventions, asserting it did not commit to an 'indefensible peg'.
Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.
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Ecommerce (ecom) and quick commerce (qcom) platforms are expected to lead gig worker hiring in calendar year 2026 (CY26), adding nearly 1 million workers on the back of sustained demand for last-mile deliveries, higher order volumes, and continued expansion of dark stores into non-metropolitan cities, industry experts have said.
Four individuals have been arrested for allegedly running a sophisticated cyber fraud operation, duping people with fake discounted air tickets across multiple cities. Police recovered a substantial amount of cash and luxury items from the accused.
Indian equity benchmarks, Sensex and Nifty, ended lower after a spectacular rally, with the Sensex tumbling 931 points, as renewed tensions in West Asia, particularly the risk to the ceasefire deal after Iran closed the Strait of Hormuz, dampened investor optimism.
Noting that recent uncertainties created by global tariffs have not impacted the Indian economy severely, Anuradha Thakur, secretary, Department of Economic Affairs, said the central government is hopeful that the recent goods and services tax (GST) rationalisation will ignite the much needed animal spirits in the financial sector.
The International Financial Services Centres Authority (IFSCA) has cleared a series of regulatory relaxations to ease operations for fund managers in GIFT City, along with a revamped framework for global in-house centres (GICs) and capital market intermediaries.
The Centre's 'Support to Poor Prisoners' scheme has aided 458 prisoners unable to pay fines or secure bail. The scheme, launched in 2023, aims to provide financial assistance to those facing financial constraints.
Mumbai's metro network has expanded with the inauguration of the first phases of Metro Line 9 and Line 2B, promising improved connectivity and reduced travel times for commuters.
Indian hotel companies are experiencing a sharp correction in share prices due to the Iran war and broader geopolitical tensions, leading analysts to cut operating profit expectations and valuations, despite structurally positive medium-term prospects.
Households should moderate large discretionary expenses for the time being.
'They should prioritise essential spending. They should maintain an emergency fund covering 6 to 12 months of expenses.'
Analysts predict a surge in gold and silver prices as investors seek safe-haven assets due to escalating tensions in the Middle East. The impact on domestic prices will depend on the conflict's duration, with geopolitical factors and macroeconomic data also playing a role.
Chandrababu Naidu has reorganised the Telugu Desam Party (TDP), appointing his son Nara Lokesh as working president and emphasising a blend of experienced and new leaders to strengthen the party.
...reopen for up to six months. Until then, the Strait stays nearly closed. The world pays. And no one, including the man who started this, can say when it ends, notes Prem Panicker in his must read blog on the Iran War.
Karnataka Lokayukta police have registered a disproportionate assets case against Udupi Excise Deputy Commissioner T M Srinivas after searches at multiple locations allegedly revealed assets worth Rs 8.69 crore beyond his known sources of income.
'The West Asia or the Gulf crisis has shown that what we develop as national infrastructure when things are not as bad as they could be, we forget to plan for adversities.'
Kerala's voters are sophisticated, educated, and unforgiving. They have once again made it clear that no government is entitled to remain in power. The Congress would do well to remember this, points out Ramesh Menon.
India has denied making any payments to Iran to secure safe passage for its vessels through the Strait of Hormuz, following reports that Indian vessels were fired upon in the region.
Three men have been arrested in Noida, Uttar Pradesh, in connection with the death of a first-year BDS student in Kerala, who allegedly faced harassment from a loan app company.
Trinamool Congress leader Abhishek Banerjee has urged voters to support the TMC as the only way to defeat the BJP, particularly in areas with a strong Congress base. He accused the BJP of dividing communities and failing to address key issues such as river erosion and farmer distress, while outlining the TMC's welfare plans.
The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.
Delhi Police are recreating the crime scene at the residence where the daughter of an IRS officer was allegedly raped and murdered. The investigation aims to piece together the sequence of events, with the stolen iPhone recovered and a potency test conducted. The accused, a former domestic help, is undergoing psychological assessment.
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Led by the country's biggest lender State Bank of India (SBI), public sector banks logged a record cumulative profit of Rs 52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth.
Sebi is working with other regulators to expand the CAS framework.
Indian carriers have cancelled over 10,000 flights since the onset of the West Asia conflict, as escalating tensions and airspace restrictions disrupted international operations, a senior government official said.
The Indian Defence Ministry has approved the procurement of weapons and military hardware worth Rs 2.38 crore, including S-400 missiles and medium transport aircraft, to bolster the Indian Air Force's capabilities.
A government mandate requiring central public sector enterprises to use the Trade Receivables Discounting System (TReDS) for settling small business invoices is expected to significantly increase volumes on these platforms.
Uttarakhand GST officials conducted an elaborate undercover operation, creating fake firms to expose a company evading over Rs 150 crore in taxes.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded a compensation of 64.75 lakh to the family of a Pune-based businessman who died in a road accident in 2022.
HCLTech reported flat net income of Rs 4,235 crore in the second quarter of 2025-26 (Q2FY26) compared to last year, even as its revenue was up 10.7 per cent to Rs 31,492 crore helped by financial services and technology business verticals.
Meerut police have uncovered a Goods and Services Tax (GST) fraud involving crores of rupees, leading to the arrest of one individual. The investigation revealed a network of fake firms used to illegally claim input tax credits, causing significant losses to the government.
Stock markets closed higher for the second straight session on Tuesday, driven by gains in bank, IT and capital goods shares.
Delhi Police have arrested a woman and her associate for allegedly running a honey-trap and extortion racket, targeting victims with false criminal cases to coerce monetary settlements.
Indian information technology (IT) service providers are expected to deliver low single-digit sequential growth in the first quarter (April-June) of 2025-26 (FY26), even as macroeconomic uncertainties continue to persist due to the volatile geopolitical environment.
West Bengal Chief Minister Mamata Banerjee has accused the BJP of stoking fights among all sections of society and attempting to loot the country by exploiting these divisions. She also criticised the BJP's economic policies and alleged discrimination in welfare schemes.
'The first time India has seen two consecutive blockbuster IPO years.'
The Trinamool Congress (TMC) has released its manifesto for the West Bengal elections, focusing on welfare politics and women's empowerment with pledges to expand existing schemes, improve healthcare, and develop infrastructure.
