Indian benchmark indices, Sensex and Nifty, experienced significant declines, with the Sensex falling 493 points and the Nifty dropping for the sixth consecutive day, primarily due to elevated crude oil prices reaching USD 91 per barrel and diminishing hopes for a diplomatic resolution in West Asia.
N Chandrasekaran, the current Chairman of Tata Sons, has announced he will not seek reappointment when his term concludes on February 20, 2027, following a lack of unanimous board support for his extension.
The Lok Sabha has passed a Bill to amend the Payment and Settlement Systems Act, 2007, authorising the government to permit banks and service providers to levy charges on UPI and other electronic payment modes. This move aims to create a sustainable revenue model for the digital payments ecosystem, shifting from the current exemption of UPI transactions from such charges.
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.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
The income-tax department has launched a significant verification drive targeting 394 entities and 36 professionals over suspected irregularities in substantial foreign remittances made over the past three years, aiming to uncover potential tax evasion and fraudulent transactions.
India and Japan have signed a Memorandum of Arrangement on maritime security cooperation, committing to deepen defence ties and oppose unilateral actions that impede freedom of navigation in the Indo-Pacific, a move seen as directed at China's increasing military presence.
JLKM leader Devendra Mahto, who ended his 16-day hunger strike after the Jharkhand government cancelled job exams over alleged irregularities, announced a second phase of protests for corruption-free recruitment by JPSC and JSSC, demanding government guarantees against future paper leaks and irregularities.
Microsoft has announced the activation of its latest data centre in Hyderabad, significantly expanding its Cloud infrastructure in India and enabling organisations to leverage AI-era services with enhanced local choice and security.
US President Donald Trump honoured 16-year-old lifeguard Ryder Williams at the White House for his heroic act of saving 10-year-old Indian-origin boy Nathaniel Rai from drowning at a California beach. The daring rescue, captured on video, earned Williams praise from the President, who also met Nathaniel and his family.
Japanese 'flying car' manufacturer SkyDrive Inc plans to commercialise its eVTOL aircraft in India by 2028, initially focusing on medical logistics, particularly organ transportation. The company, backed by Suzuki, has signed an agreement with Air India and Suzuki for this purpose and is considering future manufacturing in India.
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.
'whom he believes in ... or whom he has faith in. But we don't know whether that person will be competent or not. This will lead to a lot of uncertainty in the minds of investors and shareholders of the Tata group companies.'
Infrastructure major Larsen & Toubro (L&T) has secured a mega order, valued between Rs 10,000 and Rs 15,000 crore, to construct India's largest single-cluster artificial intelligence (AI) infrastructure facility. This strategic move marks L&T's entry into the AI Factory business, aiming to establish an NVIDIA B300-based AI Factory in Chennai to power the AI-native cloud platform of US-based Together AI, thereby strengthening India's AI ecosystem and supporting global innovation.
US intelligence agencies intercepted information indicating Iran had precise details of President Donald Trump's location in Ankara during a NATO summit, prompting a secretive departure due to a specific surface-to-air missile threat and the presence of a shoulder-fired missile near the summit.
A student leader on a hunger strike in Ranchi, protesting alleged irregularities in Jharkhand recruitment exams, was hospitalised after his health deteriorated. The protest, now in its 14th day, demands cancellation of the 14th Jharkhand PSC Civil Services Examination and an independent probe.
The Maharashtra government has constituted a high-level committee to address road repairs, traffic congestion and management issues in the rapidly expanding Chakan industrial belt in Pune district, and set up a mechanism for time-bound redressal of industrial grievances.
The Trump administration has reinstated and expanded the "public charge" rule, making it harder for immigrants seeking green cards if they have used public benefits like Medicaid, food stamps, or housing assistance. This policy change, effective September 18, will impact many applicants, including those from India, by broadening the criteria for inadmissibility.
Students and job aspirants in Jharkhand, protesting alleged irregularities in recruitment exams, have formed an 11-member delegation to engage in talks with the state government. This decision follows Chief Minister Hemant Soren's offer for dialogue to resolve the ongoing impasse, which includes demands for exam cancellation, an independent probe, and comprehensive reforms in the JPSC and JSSC.
N Chandrasekaran not only faces muted financial performance from the group's listed companies, but also mounting losses at Tata Sons' unlisted subsidiaries, many of which have been set up by him in the last decade.
Rental yield can indicate whether a property is undervalued, overvalued or fairly valued.
A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.
Air India Group has accumulated losses of about Rs 47,821 crore since its takeover, leaving its prolonged transformation among the biggest unfinished projects of N Chandrasekaran's tenure.
While intense protests were seen in Mandya and preventive detentions carried out at several places, life remained unaffected in major urban centres like Bengaluru and Mysuru.
Tata Group stocks experienced a significant decline, with TCS falling nearly 6 per cent, after Tata Sons Chairman N Chandrasekaran announced he would not seek reappointment when his current term concludes on February 20, 2027.
The Federation of Indian Pilots has requested the DGCA to increase random drug testing for pilots, aiming to enhance aviation safety.
The Income Tax Department has initiated a nationwide verification drive targeting suspicious foreign remittances made by entities with minimal business activity, including those in border districts, and is scrutinising the chartered accountants who issued the mandatory tax determination certificates.
Former Jharkhand Public Service Commission (JPSC) chairperson L Khiangte has been arrested by the state CID in connection with alleged irregularities in recruitment examinations. His arrest follows the resignation of all three JPSC members amidst widespread protests over the exam irregularities. Khiangte, an ex-IAS officer, had resigned from his post in July.
A World Bank report highlights how Artificial Intelligence-powered weather forecasts have enabled small farmers in Telangana, India, to save up to USD 560 by adapting their farming practices to specific risks. The report, "The Promise of Artificial Intelligence," advocates for developing countries to rapidly adopt small, low-cost AI tools to enhance productivity, improve government services, and avoid missing out on the AI revolution.
Two Indian-origin individuals, Pritesh Walia, a jazz guitarist, and Venkata Vasamsetty, a green-card holder grandmother, have been detained by US Immigration and Customs Enforcement (ICE) in separate cases, highlighting the Trump administration's intensified deportation and enforcement drive.
The death of former West Bengal assembly deputy speaker and veteran Trinamool Congress leader Ashis Banerjee on Sunday triggered a political blame game, with the rival factions within the party and the Bharatiya Janata Party trading allegations over the circumstances surrounding the 74-year-old leader's death.
Five Army personnel are missing after a flash flood in Arunachal Pradesh's Dibang Valley, while four people died in a landslide in Upper Subansiri district. Both incidents occurred on Friday evening, triggering extensive search and rescue operations involving multiple agencies.
Former Indian cricket captain Sourav Ganguly has filed a police complaint after receiving multiple threatening letters, including explicit death threats against him and his wife Dona.
For the first time in Independence Day celebrations, 'Vande Mataram' will be rendered at the Red Fort complex during the 79th anniversary on August 15, followed by the recitation of the National Anthem, marking 150 years of the National Song's legacy.
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.
An accidental firing incident occurred at Varanasi's Lal Bahadur Shastri International Airport when a passenger's licensed pistol discharged during security screening, injuring a female security personnel and another individual. Both injured parties have been hospitalised, and legal action is being initiated.
Lack of women in Karnataka's new council of ministers has put the spotlight once again on women's under-representation in politics and policy.
The Delhi government has notified detailed guidelines for the Delhi Lakshmi Yojana, outlining strict provisions for beneficiaries found ineligible, including discontinuation of financial assistance, recovery of disbursed funds, and potential fraud charges. The scheme provides Rs 2,500 monthly to eligible women, with specific rules for fund disbursement via RD/FD accounts and CBDC wallets, along with clear eligibility and exclusion criteria.
Students in Ranchi, under the JPSC-JSSC Reforms Manch, are intensifying their protests against alleged irregularities in recruitment examinations. Despite a large protest involving over 50,000 students, the government has not responded positively, leading to a decision to continue the agitation. The students are demanding transparency, reforms in JPSC and JSSC, cancellation of exams, and an independent investigation, with some even on hunger strike.
A massive fire at a bed-and-breakfast hotel in Delhi's Malviya Nagar killed 21 people, with residents alleging a delayed response from fire tenders, which the Delhi Fire Service denies. Police personnel were also injured during rescue efforts.
