The most financially successful borrowers will not necessarily be those who have the easiest access to credit. They will be the ones who understand how to manage it wisely
Two individuals have been apprehended in Uttar Pradesh in connection with the Rs 50 lakh robbery at a State Bank of India branch in Surat.
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
Real estate startup Landeed plans to invest Rs 30 crore this fiscal year to expand its business, focusing on enhancing its AI-powered property title search engine, Terra. This investment will boost GPU infrastructure, develop specialised language models, and improve Indic OCR for Indian property records, aiming to streamline property due diligence across 26 states and 4 union territories.
Indian benchmark indices, Sensex and Nifty, experienced a significant downturn as escalating tensions in West Asia led to a sharp surge in crude oil prices, coupled with fresh foreign fund outflows and a weakening rupee.
'Fencing work for 4.35 km of the border could not be carried out due to objections by the Border Guard Bangladesh.'
Shareholder payouts by India Inc, including dividends and buybacks, increased by 2.2 per cent year-on-year in FY26 to $5.06 trillion, but this growth lagged the 18.8 per cent rise in reported net profit for the third consecutive year, leading to the lowest dividend payout ratio in 12 years.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
India strongly criticised Pakistan at the United Nations, labelling it a "Frankenstein state" for its alleged support of terrorism. The remarks came after Pakistan and the OIC raised the Kashmir issue, which India firmly rejected, reiterating Jammu and Kashmir's integral status. India also deemed the Indus Water Treaty "outdated" given Pakistan's policies.
Major Indian banks, including Axis Bank, HDFC Bank, and RBL Bank, have reported a decline in employee headcount in FY26, attributing the reductions to significant investments in technology and automation yielding productivity gains across operations.
Indian companies' overseas expansion plans are holding strong despite geopolitical tensions in West Asia, driven by structural factors like supply-chain diversification, free trade agreements, and market expansion, according to Ajay Sharma, managing director and head of banking at HSBC India.
Jaspreet Kaur and Jhandu Kumar, two Indian para powerlifters, have overcome significant personal challenges, including polio and poverty, to qualify for the upcoming Commonwealth Games.
India's markets regulator, Sebi, has issued a warning to listed companies and regulated entities about an emerging cyber fraud known as the "Boss Scam." This scam involves fraudsters impersonating senior officials like CEOs or MDs to trick finance teams into transferring funds, often using advanced AI tools or malicious software. Sebi advises organisations to verify requests independently and report incidents to prevent financial losses.
Afghanistan relying on seasoned spin trio to script first ever win over India
Haryana Chief Minister Nayab Singh Saini will present cash awards totalling Rs 20.59 crore to 198 medal-winning athletes and international participants at a state-level function in Panchkula. The awards aim to recognise athletes who have excelled in international and national competitions, with funds directly transferred to beneficiaries' bank accounts.
A 15-day protest against the Ken-Betwa Link Project and other development initiatives in Chhatarpur, Madhya Pradesh, concluded after police cleared the agitation site and dispersed protesters. While police denied arrests, protesters alleged their leader, Amit Bhatnagar, was detained amidst claims of project irregularities and corruption. The project aims to provide irrigation and drinking water to the drought-prone Bundelkhand region.
Indian benchmark equity indices, Sensex and Nifty, extended their winning streak for a third consecutive day, driven by a rally in IT stocks and global cues suggesting a more accommodative monetary policy after softer-than-expected US jobs data.
State Bank of India Chairman C S Setty has expressed support for a 'pause' in policy rates by the Reserve Bank of India's monetary policy committee, believing it will help stabilise conditions and support economic growth. He also urged investors to look beyond short-term equity market movements and focus on India's structural transformation, driven by reforms and digital infrastructure.
Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.
India's wholesale price inflation (WPI) increased to 9.87 per cent in June, up from 9.68 per cent in May, primarily due to significant price increases in non-food and food products, with food inflation alone rising to 5.49 per cent.
India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).
India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.
Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.
The Delhi Metro Rail Corporation has partnered with Airtel Payments Bank to launch co-branded RuPay National Common Mobility Cards (NCMC), enabling seamless payments across various transit networks nationwide.
Indian stock markets saw a significant rebound, with the Sensex jumping nearly 790 points, primarily fuelled by strong buying interest in telecom, pharma, and private banking shares, despite a volatile trading session and a weakening rupee.
Reserve Bank Governor Sanjay Malhotra announced that India's foreign exchange reserves stand at a healthy $682.3 billion as of May 29, 2026, providing approximately 11 months of import cover and strong protection against external shocks.
It, however, conceded that 20 per cent blending of ethanol with petrol leads to 3-5 per cent lower mileage in vehicles than conventional petrol, but said the blend offers a significantly higher octane rating, superior anti-knock properties, faster combustion, better pickup, smoother acceleration, and cleaner engine operation.
Public sector banks in India are increasing their IT spending to bolster cybersecurity measures in response to concerns about Anthropic's Claude Mythos AI tool and its potential to exploit vulnerabilities in financial systems.
A man arrested for allegedly looting Rs 50 lakh from a State Bank of India (SBI) branch in Gujarat's Surat was shot in the leg by police after he opened fire at them in an attempt to escape.
A private security agency has denied involvement in the alleged embezzlement of donations at the Ram temple in Ayodhya. The agency stated it only recruited personnel for housekeeping at an SBI branch at the bank's request, disclaiming responsibility for their duties or the alleged theft, which is currently under SIT investigation.
Customers must report the fraud both to their bank and to the National Cyber Crime Reporting Portal or Helpline 1930 within five calendar days of the occurrence of the fraudulent transaction.
Indian benchmark indices, Sensex and Nifty, bounced back significantly after two days of losses, with the Sensex climbing 443.97 points to settle at 76,922.64, driven by positive global market trends and a drop in crude oil prices.
Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.
The National Financial Reporting Authority (NFRA) has commenced an investigation into Rajesh Exports concerning a 15.15 trillion financial misstatement, following a referral from market regulator Sebi.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
'Exploration should be made easier and companies should be given operational flexibility.'
This series of smartphones will be available for purchase from July 9 through Amazon, Flipkart and Oppo India's online store. Buyers can choose from three eye-catching finishes, Starry White, Stellar Purple and Twilight Violet.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Unified Payments Interface (UPI) transactions moderated slightly in June from a record high in May, reaching Rs 28.9 lakh crore. Despite a month-on-month decrease in volume, the daily average transactions hit a new high, indicating UPI's strong adoption for low-value payments. The platform also demonstrated significant annual growth and expanding international presence.
Pakistan's Deputy Prime Minister Ishaq Dar stated that the Indus Waters Treaty remains valid and binding, rejecting India's decision to revoke it following a terror attack. He emphasised the treaty's role in regional peace and warned of "profound consequences" if Pakistan is deprived of its allocated waters. PPP chief Bilawal Bhutto Zardari also proposed an international convention against the weaponisation of waterways.
