An Indian national, Jay Sunilbharthi Goswami, has been arrested and charged in the US for his alleged role as a "money mule" in a multi-million-dollar internet and telephone fraud scheme targeting elderly victims. Goswami, a Gujarat native, was detained in Canada while attempting to flee to Qatar, facing charges including wire fraud and money laundering.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
Indian benchmark indices Sensex and Nifty closed lower, with the Nifty recording its fourth consecutive day of decline, primarily due to elevated oil prices and ongoing geopolitical tensions between the US and Iran, which dampened investor sentiment.
Vice President CP Radhakrishnan launched Gnani Artha, an end-to-end sovereign AI stack for Indian enterprises and public institutions. He emphasised that new technologies, including AI, will enhance ease of work and create more jobs, drawing parallels with the IT industry's growth. The initiative, backed by the India AI Mission, aims for self-reliance and includes the Gnani Evon v3.3 language model and Gnani Plexus AI platform, offering cost-effective Indic language capabilities.
Vice President CP Radhakrishnan launched Gnani Artha, an end-to-end sovereign AI stack for Indian enterprises and public institutions. He emphasised that new technologies, including AI, will enhance ease of work and create more jobs, drawing parallels with the IT industry's growth. The initiative, backed by the India AI Mission, aims for self-reliance and includes the Gnani Evon v3.3 language model and Gnani Plexus AI platform, offering cost-effective Indic language capabilities.
A training aircraft operated by Garg Aviation crashed in Kanpur, Uttar Pradesh, killing a trainee pilot and an instructor. The Tecnam aircraft went down near Nathapurwa village shortly after take-off. Authorities, including the DGCA, are investigating the cause of the fatal accident.
Nepal's devastating flash floods have created a worrisome flood situation in Bihar.
India's statistics ministry has defended its newly released economic growth estimates, stating that revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth.
Union Home Minister Amit Shah lauded UPI on its 10th anniversary, highlighting its role in India's digital transformation. Launched by NPCI in 2016, UPI has become the world's largest real-time payment system, witnessing a massive surge in transaction volume and value, demonstrating its success in empowering people with swift, seamless, and secure digital transactions.
A primary school teacher, a former car mechanic, a retired bank employee and a trusted aide of a senior Shri Ram Janmabhoomi Teerth Kshetra Trust functionary -- people from diverse backgrounds are among the eight arrested in connection with the alleged embezzlement of donations at the Ram temple in Ayodhya.
It's not about how much you earn -- it's about how you borrow and repay.
A new barrier lake has formed near the source of Nepal's Bhote Koshi River, with Chinese authorities warning of a potential breach. This poses a fresh flood risk to downstream areas in Nepal, prompting warnings for residents and calls for diplomatic consultations to manage cross-border glacier risks.
A new book, "The River That Remembers: Microbial Intelligence of Nature" by Padma Shri awardee Ajai Kumar Sonkar, claims that the Triveni Sangam at Prayagraj is a unique viral-bacterial laboratory. It suggests that the sacred dips taken by devotees lead to an intense microbial exchange, accelerating phage evolution, especially during events like Kumbh Mela, as diverse human microbiota interact with the river's existing microbiome.
For the second time in two years, Karnataka minister B Nagendra resigned from the state Cabinet on Friday amid the Opposition heat over his alleged involvement in the Rs 89 crore Valmiki Corporation scam.
Chandigarh is set to launch the Central Bank Digital Currency (CBDC), or digital rupee, for Direct Benefit Transfer (DBT) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) on August 14. This initiative makes Chandigarh the first Union Territory to fully roll out CBDC-based DBT for food subsidy, enhancing transparency and efficiency in welfare delivery. The digital rupee, issued by the RBI, will be purpose-bound for purchasing foodgrains from authorised merchants.
An attempted burglary occurred at a Punjab National Bank branch in Uchi Bassi village near Dasuya, with the intruder failing to access the main safe but stealing a digital tablet.
Five friends from Raipur, Chhattisgarh, narrowly escaped being swept away by flash floods in Nepal's Bhote Koshi and Trishuli river valleys thanks to an impromptu tea break. They endured two tense days on higher ground, witnessing devastation, before returning home safely, with a poignant Raksha Bandhan moment providing comfort.
The iQOO Z11 has joined the brand's Z series in India, with sales set to begin on August 25.
'India was the emirate's largest international source market by hotel guest volume.'
Indian benchmark indices, Sensex and Nifty, saw declines in early trade, influenced by rising crude oil prices and ongoing geopolitical tensions in West Asia. Experts suggest that crude oil remains a primary concern, with Brent holding near USD 88 a barrel due to renewed US warnings against Iran, embedding a geopolitical risk premium in energy markets. Track Sensex, Nifty
Prime Minister Narendra Modi celebrated the Unified Payments Interface (UPI) completing a decade, calling it a major turning point in India's digital payment journey. Launched in 2016, UPI has become the backbone of India's digital payments ecosystem, showing exponential growth in transaction volume and value, and is a key pillar of the Digital Public Infrastructure.
Aditya Birla Capital has entered the gold loan business, aiming to establish 1,000 branches within three years, capitalising on the strong structural growth and surge in demand for gold-backed credit in India.
Public-sector banks (PSBs) have reported a substantial increase in non-interest income for Q1FY27, primarily driven by the sale of Priority Sector Lending Certificates (PSLCs) backed by their rapidly expanding gold loan portfolios. This strategy has allowed several lenders to book significant profits by exceeding priority sector lending targets.
India's retail inflation, measured by the Consumer Price Index (CPI), rose to 4.45 per cent in July, up from 4.38 per cent in June, primarily due to higher food prices, particularly onions and ginger. This marks the second consecutive month the inflation rate has remained above the Reserve Bank's median target.
Minister of State for Telecom Chandra Sekhar Pemmasani urged BRICS nations to collaborate on building institutional capacity and advocating for fair standards in international telecom and ICT bodies. He highlighted India's willingness to share its modular, open-source digital public infrastructure frameworks like Aadhaar and DigiLocker, emphasising their role in sustainable development and economic growth across the Global South.
Indian golfer Pranavi Urs successfully made the cut at the VP Bank Swiss Ladies Open, finishing Tied-28th after two rounds. Her compatriots Tvesa Malik and Diksha Dagar, however, missed the 36-hole cut. Sweden's Kajsa Arwefjall holds a commanding three-shot lead heading into the final round, seeking her first Ladies European Tour victory.
The Supreme Court has listed for hearing on August 31 an appeal of Sumit Roy, personal assistant to Trinamool Congress MP Abhishek Banerjee, challenging the August 6 order of the Calcutta high court denying him pre-arrest bail in the Salboni land-grabbing case.
State Bank of India (SBI) reported a 13.73 per cent increase in its June quarter consolidated net profit, reaching Rs 24,113 crore, primarily due to improved core income and a decline in provisions for non-performing assets.
Enjoy Alia-Sharvari's fighter fervour, back to back Bobby Deol and tons more on OTT this week.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
The Bank Nifty is currently trading at a 43.5 per cent discount to the Nifty 50, near its widest gap since 2015, reflecting investor pessimism despite the banking sector's strong earnings growth.
Indian benchmark equity indices, the Sensex and Nifty, bounced back significantly, with the Sensex climbing 628 points and the Nifty snapping its seven-day losing streak, driven by easing global bond yields and fresh foreign fund inflows.
RBI Governor Sanjay Malhotra announced plans to launch long-lasting polymer currency notes by the next financial year. He also discussed the central bank's data-dependent approach to interest rates, its focus on aligning inflation with the 4 per cent target, and the orderly trajectory of the rupee amidst geopolitical tensions.
A new report by Motilal Oswal Financial Services Ltd (MOFSL) indicates that inflation, interest rates, and monetary policy have become more significant drivers of gold prices than traditional geopolitical conflicts, with markets increasingly focusing on these economic factors.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the escalating US-Iran standoff and persistently high crude oil prices, with experts predicting increased volatility.
The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.
The absolute amount of money raised is more than three times the 2 trillion seen before the pandemic (June 2019).
The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.
Indian benchmark indices, Sensex and Nifty, continued their downward trend for the fifth consecutive day, with the Sensex dropping 281 points and Nifty falling 78 points, primarily driven by surging crude oil prices and persistent geopolitical tensions in West Asia.
Tamil Nadu Chief Minister C Joseph Vijay announced a comprehensive waiver of cooperative farm loans, providing full relief for loans up to Rs 75,000 and partial waivers for higher amounts, benefiting over 1.38 lakh farmers with an additional financial commitment of Rs 953.06 crore.
