India's largest IT firm, TCS, has received threat-intelligence alerts regarding a potential leak of 'basic' employee data, but the company asserts there is no indication of customer data or operational systems being affected.
A Mumbai consumer court has directed Flipkart and its seller to refund over Rs 1.11 lakh to a customer who received beard growth oil instead of an Apple iPhone, and to pay an additional Rs 70,000 in compensation and litigation costs, citing "unfair trade practice" and "deficiency in service."
The Maharashtra Food and Drug Administration has issued a comprehensive order mandating free drinking water for customers in all food establishments, banning food served in newspapers, and introducing rigorous operational standards. These new regulations aim to improve food safety, hygiene, and transparency across hotels, restaurants, and other food service providers in the state.
Bengaluru Customs officials arrested two passengers at Kempegowda International Airport in separate incidents, seizing hydroponic ganja worth a total of Rs 5.9 crore. The arrests were made under the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
Bengaluru Customs officials arrested two passengers at Kempegowda International Airport in separate incidents, seizing hydroponic ganja worth a total of Rs 5.9 crore. The arrests were made under the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
Customs officials at Bengaluru's Kempegowda International Airport arrested a passenger from Dubai for attempting to smuggle 899.50 grams of 24K gold, valued at Rs 1.37 crore, concealed in capsules.
Keeping KYC information accurate and current should, therefore, be seen not merely as meeting a regulatory requirement, but as an important part of safeguarding one's own financial identity and safety, explains RBI Deputy Governor J Swaminathan.
Customs officials at Lucknow's Chaudhary Charan Singh International Airport arrested an Indian passenger and seized 10.397 kg of suspected hydroponic marijuana, valued at approximately Rs 10.39 crore, from his baggage. The seizure was made following specific intelligence, and the passenger has been booked under the NDPS Act. This incident follows a similar large bust in Varanasi, indicating a wider network under investigation.
Customs officials at Lucknow's Chaudhary Charan Singh International Airport arrested an Indian passenger and seized 10.397 kg of suspected hydroponic marijuana, valued at approximately Rs 10.39 crore, from his baggage. The seizure was made following specific intelligence, and the passenger has been booked under the NDPS Act. This incident follows a similar large bust in Varanasi, indicating a wider network under investigation.
State Bank of India (SBI) is extensively using artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans and automate the processing of cheques up to Rs 10,000. This AI adoption aims to enhance efficiency, free up employee bandwidth, and improve customer service across various banking functions.
Mumbai Customs has arrested a 29-year-old woman, a private bank employee and beauty pageant runner-up, for allegedly smuggling 11.8 kg of hydroponic weed worth Rs 11.8 crore from Bangkok into India. She was apprehended at CSMIA and has been sent to judicial custody under the NDPS Act.
An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
Customs officials at Delhi's IGI Airport have seized 15.38 kg of hydroponic weed, valued at Rs 5.38 crore, which was concealed inside two geysers carried by passengers arriving from Kuala Lumpur. Two individuals have been arrested, and investigations are ongoing to uncover the wider drug-smuggling network.
Customs officials at Delhi's IGI Airport seized over 6 kg of hydroponic weed, valued at Rs 2.1 crore, from an Indian passenger arriving from Bangkok. The high-potency cannabis was found during baggage screening, leading to a case under the NDPS Act.
A court in Mumbai sentenced a customs clearing agent to two years' imprisonment in four cases of import duty evasion, while acquitting three others due to flawed investigation by the CBI.
Chennai Customs officials seized over 10 kg of suspected high-grade hydroponic ganja from a passenger arriving from Bangkok at Anna International Airport.
Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.
Bharti Airtel, India's second-largest telecom operator, reported a 37.3 per cent rise in consolidated net profit to 8,167 crore for Q1 FY27, driven by the addition of high-paying premium customers, despite missing Bloomberg consensus estimates.
BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.
The Customs Commissionerate (Preventive), Kochi, has seized multiple SUVs and arrested a used luxury car showroom owner as part of 'Operation Numkhor', an ongoing investigation into the smuggling of luxury vehicles from Nepal and Bhutan.
Finance Minister Nirmala Sitharaman clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers, and aims to support banks and fintech in infrastructure investment. She countered Congress leader Jairam Ramesh's claims, stating that a committee will decide on MDR only after Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026, a process currently stalled by parliamentary disruptions.
The White House has launched a major crackdown on the 'Great Transhipment Scam', accusing India and over 40 other nations of helping Chinese exporters bypass US tariffs by misrepresenting the origin of goods. The US plans to use AI-driven monitoring and anti-transhipment clauses in future trade agreements to strengthen enforcement.
The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
A top SBI official has highlighted the challenges bankers face in lending to MSMEs using only GST data, advocating for the integration of alternative data sources like power consumption and telecom records through credit bureaus to improve credit assessment.
The Telecom Regulatory Authority of India (Trai) has expanded the 1600-number series to include utilities, courier, and logistics companies, introducing the new 1601 series to help consumers identify legitimate calls and prevent widespread fraud and impersonation.
Maruti Suzuki India's CFO, Arnab Roy, has urged the central government to introduce an amnesty scheme or an 'as-is' settlement option to resolve past indirect tax disputes, aiming to clear legacy litigation and foster growth in the automotive industry. Roy emphasised the need for a 'smarter way to address the past' to provide long-term certainty for businesses.
IndiGo Managing Director Rahul Bhatia has stated that the airline has 'taken all the necessary steps' to learn from the operational disruption faced in December last year, while outlining a long-term vision focused on customer trust, international expansion, and establishing India as a global aviation hub.
The Rajya Sabha has passed The Bankers' Books Evidence Bill, 2026, which aims to replace a British-era law and allow digital and virtual records to be admissible as evidence in courts. This legislation aligns with contemporary digital banking practices and extends a uniform evidential framework to various financial entities, including NBFCs and fintech companies. Finance Minister Nirmala Sitharaman highlighted the bill's role in strengthening public confidence and safeguarding customer privacy. The bill's passage, however, saw an Opposition walkout over unrelated issues.
The incident involved compromise of an employee's email account, resulting in unauthorised access to certain data.
'GenZ today is close to 45 to 50 per cent of the overall shopping journeys in the country. They are also very content-first in terms of entertainment or otherwise, general gratification of content and discovery.'
India's gold demand saw a 6 per cent year-on-year decline in the April-June quarter of 2026, reaching 131.4 tonnes, primarily due to subdued seasonal sales, increased Customs duty, and Prime Minister Narendra Modi's call to reduce gold purchases, according to a World Gold Council report.
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
At sunset, in Vashi, New Bombay, a modest roadside stall, near the entrance of General Arun Kumar Vaidya Kala Kendra, quietly draws a steady stream of endless customers -- office-goers, students, families and regulars.
The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
Reliance Industries and Rolls-Royce on Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in the country.
Commercial vehicle manufacturer Tata Motors Ltd reported an impressive 83 per cent increase in consolidated net profit, reaching Rs 2,556 crore for the first quarter ending June 30, primarily boosted by a significant mark-to-market gain on investments in Tata Capital Ltd.
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu congratulated the State Cooperative Bank on successfully migrating its core banking system to the 'Finacle 10.2.25' platform. This upgrade aims to provide faster, more transparent, and secure financial services, enhancing customer experience and operational efficiency across its 262 branches.
