Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
Argentina manager Lionel Scaloni discussed his team's hard-fought 3-2 extra-time victory over Cape Verde in the World Cup last-32, emphasising the unexpected difficulty of the match despite being heavy favourites. He praised his players' resilience and character, acknowledging the physical toll and the need for improvement, while also highlighting the unique "suffering" inherent in being Argentine in football.
OpenAI has appointed Prabhjeet Singh as its Managing Director for India, a key market for the AI company. Singh, formerly President of Uber India and South Asia, will oversee consumer growth, enterprise adoption, partnerships, and regulatory engagement, reinforcing OpenAI's commitment to India's rapidly expanding AI ecosystem.
A school principal and two teachers in Maharashtra's Jalna district have been booked by police after allegations surfaced that students performed to a Pakistani song during an annual programme. The school management denies the claims, stating the music was from a Turkish TV serial and visuals were tampered with.
The Reliance Foundation Odisha Athletics High Performance Centre has taken disciplinary action against three athletes, including terminating a javelin thrower, following a "Performance-Enhancing Drug incident" where syringes and anabolic steroids were allegedly found. Two other athletes, a hurdler and a decathlete, received suspensions.
Avesh Khan remains determined for a India comeback, hoping to catch the selectors' attention with strong Ranji Trophy performances this season.
The demerger of Vedanta's four new entities - Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel - has led to a 16% appreciation in aggregated market capitalisation, with Vedanta Aluminium Metal identified as a likely near-term top performer due to its scale, low production costs, and favourable commodities cycle.
Portugal, led by Cristiano Ronaldo, were held to a surprising 1-1 draw by DR Congo in their FIFA World Cup 2026 opener. Ronaldo had a quiet game, failing to score, and was met with "Messi" chants from fans after the match, raising questions about the team's early performance.
Ben Stokes defended England's decision to rest Jofra Archer for the opening Test against New Zealand at Lord's after the fast bowler's Indian Premier League stint, with the captain warning that mishandling such situations could drive players away from international cricket.
Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
England manager Thomas Tuchel praised his side's "pure mentality and heart" after the 10-man Three Lions survived a thrilling 3-2 win over Mexico at the Azteca Stadium to book a FIFA World Cup quarter-final against Norway.
Indian boxing is considering rewarding boxers who perform well at major international events like the Asian Games with direct entry to the Olympic qualifiers, according to women's head coach Santiago Nieva.
Xabi Alonso will take over as Chelsea's new manager, the Premier League club said on Sunday, with the Spaniard signing a four-year deal beginning on July 1.
Despite international fame, she remained rooted in village traditions. Friends recalled that success never changed her lifestyle.
Portugal and Croatia face off in a high-stakes Round of 32 clash in Toronto on Thursday, with Cristiano Ronaldo and Luka Modric both eyeing a deep World Cup run in what could be the final chapter of their legendary international careers.
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.
Alireza Firouzja has established a dominant lead in the Croatian leg of the Grand Chess Tour after a stellar performance in the blitz section, accumulating 20 points.
Indian golfer Aditi Ashok, a two-time Olympian, discusses how regular competition on the LPGA Tour has elevated her game, with improving driving distance being her top priority. She is focused on achieving success at the upcoming Asian Games and other major tournaments, expressing confidence in the potential of India's women's golf team.
India's bowling coach Morne Morkel has indicated that the team management will continue to back openers Sanju Samson and Abhishek Sharma, despite the impressive performance of teen sensation Vaibhav Sooryavanshi. Morkel stressed the importance of showing faith in established players who have performed well previously, while also acknowledging the excitement around new talents like Sooryavanshi and pacer Prince Yadav.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Noel Tata, a veteran of the Tata group, announced his decision to step down as the chairman of Voltas, following a similar move at Trent, citing the development of a new generation of leaders within the company.
Indian skeet shooters Bhavtegh Singh Gill and Mairaj Ahmad performed strongly on the opening day of the ISSF World Cup (Shotgun) in Lonato, Italy, finishing joint 14th. Parinaaz Dhaliwal also impressed in the women's section, placing tied-11th. The performances offer hope for India's first medal of the season and serve as crucial preparation for the upcoming Asian Games, despite other Olympians facing challenges.
Football legend Zlatan Ibrahimovic heavily criticised Netherlands manager Ronald Koeman following their penalty shootout loss to Morocco, stating that the team lost its traditional identity under his leadership, which made him "angry". Morocco advanced to the Round of 16 after a dramatic 1-1 draw and a 3-2 penalty victory.
Tax collection so far has been encouraging, with net direct tax receipts reaching Rs 5.21 trillion by June 17, nearly a 15 per cent increase compared to the same period last year.
Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.
Brazil's World Cup campaign ended with a 2-1 defeat to Norway as Carlo Ancelotti's gamble on experienced stars backfired, exposing deeper structural issues and leaving the five-time champions facing a long road back to the summit of world football.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
Zimbabwe secured a dominant innings and 85-run victory over Bangladesh in their one-off home Test match in Harare, marking their biggest Test win. Fast bowlers Blessing Muzarabani and Richard Ngarava led the attack, dismissing Bangladesh for 185 in their second innings.
A bar manager in Delhi has been booked for allegedly hosting dance performances without a valid licence. Police also seized ecstasy during the raid.
Ace Indian swimmer Sajan Prakash is set for his final season, targeting a podium finish and a personal best at the upcoming Commonwealth Games in Glasgow. Having qualified for both the CWG and Asian Games, Prakash is undergoing intensive training, focusing on recovery and strategic preparation with new coach Sandeep Sejwal, as he aims to make a significant impact in his last major international appearances.
England overcame Mexico, the hostile Azteca atmosphere, high altitude and a red card to seal a dramatic 3-2 World Cup victory, with Jude Bellingham inspiring a famous win that could define their tournament.
Team India secured a dominant 2-0 victory over Kazakhstan in their opening Group C match at the Badminton Asia Junior Mixed Team Championships in Yatsushiro, Tokyo, sealing their spot in the quarterfinals. The Indian team showcased strong performances in both sets, preparing for their upcoming clash against Chinese Taipei.
Slim smartphones continue to attract buyers looking for a device that combines style with practicality, and Tecno's latest offering appears to do just that.
The tax treatment of equity savings funds makes them appealing, especially to investors in higher income-tax brackets.
England secured a hard-fought 3-2 victory over Mexico in the World Cup quarter-finals, demonstrating crucial adaptability and resilience after playing with 10 men for over half an hour, a performance that manager Thomas Tuchel believes proves their ability to survive when matches don't follow the script.
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.
Germany's 2-1 defeat to Ecuador in the World Cup knockout stage sparked a disagreement between coach Julian Nagelsmann and players Joshua Kimmich and Deniz Undav. While the players felt Ecuador 'wanted it more', Nagelsmann strongly rejected this assessment, urging the team to learn and improve for their next match.
Batting coach Sitanshu Kotak discusses the Indian cricket team's ongoing transition, highlighting the debut of young Vaibhav Sooryavanshi and the challenges of playing without Hardik Pandya. He emphasises the team's focus on developing new talent and improving in all departments for future World Cups.
Cristiano Ronaldo's illustrious World Cup career concluded with tears after Portugal's 1-0 defeat by Spain in the round of 16, marking the end of his sixth attempt to win the coveted trophy.
Mahindra Group CEO Anish Shah emphasizes the critical role of Artificial Intelligence, advocating for its meaningful integration at scale across all aspects of the company. He highlights that AI is redefining industries and decision-making, urging a proactive approach to leverage its potential. Shah also addresses global uncertainties, stating the group's commitment to accelerate amidst challenges and aim for global leadership.
