India's net foreign direct investment (FDI) surged more than fourfold to $6.58 billion in April 2026, driven by a significant increase in equity inflows and reduced repatriation by foreign investors, according to the Reserve Bank of India (RBI).
Instant messaging platform Telegram has been restored in India after a week-long government ban, imposed due to its alleged role in circulating leaked NEET examination papers, expired. The Delhi High Court had upheld the ban as lawful and necessary.
BEST employees continued their strike in Mumbai for a second day, causing significant disruption to public transport despite appeals from the Maharashtra Transport Minister and the invocation of MESMA. Commuters were forced to rely on alternative, overcrowded transport options, while the striking unions maintained their demands for budget merger, improved pay, and absorption of contractual workers.
Election-related freebies and populist measures are other factors crimping the revenue profile of these states.
As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.
Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.
Jio Platforms managing director Akash Ambani announced plans for Jio to develop a sovereign Low Earth Orbit (LEO) satellite constellation and partner with global providers to extend connectivity to remote areas of India, aiming to strengthen India's self-reliance in space.
Amazon CEO Andy Jassy has announced a significant expansion of the company's quick commerce business, Amazon Now, to over 300 Indian cities, aiming to build the country's largest delivery-in-minutes network. This move follows a recent USD 35 billion investment commitment by Amazon in India.
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.
Infosys co-founder Nandan Nilekani stated that artificial intelligence will amplify, not replace, IT firms, projecting a massive USD 400 billion AI-first services opportunity by 2030. Addressing shareholders, he highlighted Infosys's readiness to help clients navigate enterprise AI complexities and capitalise on the structural shift in technology.
ArcelorMittal has announced a partnership with Amazon Web Services (AWS) to automate its global manufacturing operations using AWS's cloud and AI capabilities. This collaboration aims to enhance safety, asset reliability, and energy efficiency by deploying AI at the point of production for predictive maintenance, quality control, and process optimisation.
The Indian government has officially refuted social media claims regarding a leak of the UPSC Civil Services Preliminary Examination question paper. The Press Information Bureau's Fact Check wing labelled these allegations as "fake," clarifying that an institute's backdated answer key explanations were misinterpreted, not indicative of a leak.
The Delhi high court has ordered social media companies and online service providers to remove 'false' information circulating online about Indian judges and Union ministers allegedly participating in a badminton tournament in London at taxpayers' expense. The court deemed the content malicious and a systematic misinformation campaign aimed at undermining the judiciary and executive.
Mumbai experienced heavy overnight monsoon rains, with some areas receiving over 200 mm in 24 hours, leading to widespread waterlogging, traffic congestion, and disruptions in suburban train services, particularly on Central Railway lines due to a track cave-in.
Employees of Mumbai's BEST undertaking have launched an indefinite strike, severely impacting public transport and electricity services. The strike, called by a joint action committee, demands budget merger with BMC, settlement of dues, and implementation of the Seventh Pay Commission, among other issues. Despite court orders and MESMA invocation, the strike continues, causing widespread inconvenience to millions of commuters and electricity consumers.
Amid a row surrounding the six martyrs of Operation Sindoor, the defence ministry on Saturday said the nation paid homage to them at the "earliest opportunity", and their memory shall always be honoured with the dignity and reverence, it deserves.
The ICC Player Protection Programme, in partnership with AI moderator Freedom2hear, is actively shielding women cricketers from social media abuse. Over 100 players, including India's Radha Yadav and England's Amy Jones, have joined the initiative, which has already removed nearly 60,000 harmful comments during the ongoing T20 World Cup, ensuring player well-being and confident fan engagement.
'They talked bad about our leaders. They said India was a dead economy. They were not sensitive to the Indian psyche.'
The Securities and Exchange Board of India (Sebi) has proposed allowing celebrity endorsements for its regulated entities like AMCs and stock brokers, but only at the brand level, not for specific products or services, as part of a major overhaul of advertisement codes.
Indian drone startup Garuda Aerospace has partnered with Extensee SAS to deploy Airbus' Flexrotor unmanned aerial vehicles internationally. This collaboration aims to leverage Extensee's operational expertise for various long-range autonomous missions, expanding Garuda Aerospace's Drone-as-a-Service offerings globally.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.
Indian benchmark equity indices, Sensex and Nifty, rebounded nearly 1 per cent, with the Sensex jumping 790.54 points to 76,991.22, driven by softening crude oil prices and strong buying in banking, financial, and IT shares.
Loss-making Air India has introduced a new 'Basic Fare' category for select domestic flights, which does not include complimentary meals, as part of its efforts to trim expenses amid rising operational costs.
World number one Jannik Sinner survived an early scare in his Wimbledon title defence but the Italian shook off the rust and fought past Serb Miomir Kecmanovic 4-6, 6-3, 6-7(6), 6-2, 6-3 on Monday to reach the second round.
Prime Minister Narendra Modi announced that the India-UK Comprehensive Economic and Trade Agreement (CETA) will come into effect on July 15, 2026, anticipating a significant boost to bilateral trade and investment.
An IAF helicopter has been deployed to assist in the search and rescue of four people missing after flash floods and landslides in Arunachal Pradesh's Keyi Panyor district. Incessant rain has cut off six districts, damaged homes, and injured 17, with one fatality reported. Efforts are also underway to restore crucial road connectivity.
Search operations have been intensified for four people, who remain missing following a flash flood in Keyi Panyor district of Arunachal Pradesh, officials said on Friday.
The move is to strengthen oversight, improve compliance, and boost patient confidence.
Reliance Industries Ltd (RIL) is preparing for its next phase of growth by establishing advanced manufacturing and export platforms to strengthen its consumer products ecosystem and expand its global footprint, Chairman and MD Mukesh Ambani announced.
West Bengal Chief Minister Suvendu Adhikari has alleged that the building plan for the collapsed Kolkata warehouse, which killed 10 people, was approved despite a faulty design and bears the signature of former mayor and TMC leader Firhad Hakim. Adhikari announced Rs 10 lakh compensation for the deceased's families and Rs 1 lakh for the injured, while also suspending all construction work in the Kolkata Metropolitan Area for four weeks for an audit of sanctioned plans.
An e-service centre operator in Navi Mumbai is accused of defrauding multiple individuals of over Rs 20 lakh by promising business loans under the 'Stand-Up India' scheme and then disappearing after collecting processing fees.
Indian benchmark indices, Sensex and Nifty, experienced a significant drop of over 1 per cent, driven by a bearish trend in global markets, weakness in HDFC Bank and IT firms, and fresh foreign fund outflows.
Streaming has globalised the entertainment industry, enabling artists like Diljit Dosanjh and Arijit Singh to reach diverse international audiences.
'It shows that access to these technologies cannot be taken for granted.'
Six military personnel, who died in the line of duty during Operation Sindoor last year, have been officially recognised and their names inscribed on a wall at the National War Memorial in New Delhi. This marks the first public release of their names since the operation in May 2025, which was conducted in response to the Pahalgam terror attack.
The Maharashtra legislature witnessed widespread protests as Opposition legislators accused the government of failing to prevent examination paper leaks, including the recent Teacher Eligibility Test (TET) and NEET. Senior leaders alleged links between those behind the leaks and the BJP, demanding a comprehensive investigation into the examination process and government accountability.
Maharashtra BJP MLC Pravin Darekar announced the launch of 'Devabhau' and 'Chhava' cooperative taxi services in Mumbai, aiming to counter private aggregators and benefit drivers directly, but the scheme has drawn sharp criticism from social activist Anjali Damania and the Opposition Congress over the proposed use of Mumbai Bank funds and its political branding.
Mahindra & Mahindra (M&M) is expanding its farm equipment strategy beyond tractors to include a wider range of mechanisation solutions like harvesters, balers, seed drills, and telematics-enabled services, aiming to capitalise on the growing demand for rental services by rural entrepreneurs and address low mechanisation levels in Indian agriculture.
Sunil Gavaskar has urged the BCCI to give India's senior cricketers a mandatory one-month break every year, warning that excessive rotation is devaluing the India cap and affecting both players and fans.
