Union Home Minister Amit Shah launched a strong counterattack against the INDIA bloc's 'vote chori' allegations, challenging Congress leader Rahul Gandhi to a special Parliament session debate on EVMs and infiltrators. Shah dismissed the INDIA bloc's rally as a "save infiltrator" event, questioning Congress's wins if EVMs are faulty and asserting the BJP's commitment to removing all infiltrators from electoral rolls.
Delhi Police have arrested two men for impersonating a corporate director and defrauding banks of Rs 22.56 lakh through fraudulent RTGS instructions. The investigation led to the recovery of assets worth Rs 2.5 crore, including gold, cash, and a Thar, and helped solve six other similar cases of financial fraud.
The Ministries of Skill Development & Entrepreneurship and Corporate Affairs spent only 8 per cent of their FY27 Budget Estimates in the first half of the financial year, making them among the top underspenders, according to data from the Controller General of Accounts.
The Congress-led INDIA bloc held a major protest rally in Delhi, demanding the resignation of Chief Election Commissioner Gyanesh Kumar over alleged electoral irregularities and past corruption allegations. Leaders stated the protest was a "stern warning" to the government, vowing to continue until Kumar steps down, citing threats to parliamentary democracy.
Delhi Police have arrested two men, Sachin Sharma and Sumit, for allegedly defrauding Tamil Nadu residents by promising scholarships for higher education. The scam involved using a mule bank account and a database of 54,000 contacts. Investigators traced the financial trail after a complaint from a victim, leading to the arrests and the recovery of crucial evidence.
ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.
India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
J&K Bank MD and CEO Amitava Chatterjee defended the surcharge on UPI transactions above Rs 2,000, stating it is necessary for the system's long-term sustainability. He also discussed the shift of household savings to mutual funds, the bank's profit growth, and India's consumption-based economy.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by value buying in banking stocks and select heavyweight counters, with the Sensex climbing 332.63 points and the Nifty ending above 23,200.
Indian benchmark indices Sensex and Nifty traded lower in early sessions due to profit-taking and significant foreign institutional investor (FII) outflows, despite strong performance from IT stocks like Tech Mahindra. Track Sensex, Nifty on October 16.
Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
The Standing Committee on Information Technology will review 17 critical subjects, including social media regulation, AI safety, deepfakes, cybersecurity, and the semiconductor ecosystem, during 2026-27. This comprehensive review aims to address growing concerns around digital platforms, AI misuse, and infrastructure development, with India's cybersecurity agency already issuing warnings about AI-driven threats.
As CEC Gyanesh Kumar faces protests over electoral roll revisions, a 20-year-old Kerala corruption case resurfaces.
The Central Bureau of Investigation (CBI) has successfully extradited Sourabh Chandrakar, the alleged mastermind behind the Rs 6,000-crore Mahadev online betting app scam, from Oman. Chandrakar, wanted in multiple cases by the CBI and ED, will be produced before a special court in Raipur, Chhattisgarh. This extradition marks a significant step in India's efforts to bring fugitives operating transnational criminal enterprises to justice.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
Indian para track and field athletes secured 14 medals, including five gold, at the Asian Para Games. Nishad Kumar became the third Indian to win two gold medals in a single edition, triumphing in high jump and long jump. Deepthi Jeevanji and Pranav Soorma also clinched gold, setting new Games and Asian records respectively, highlighting India's strong performance.
Union Finance Minister Nirmala Sitharaman announced the government's plan to establish a high-powered committee to examine reforms for the banking sector, aligning it with the vision of a 'Viksit Bharat' (Developed India) and India's next phase of growth.
India has significantly increased its diplomatic engagements with Bhutan, Nepal, Bangladesh and the Maldives.
Akash Ambani is leading Jio Platforms' initial public offering (IPO), set to be India's largest, with a strategy that includes appealing to regional investors and drawing parallels to his grandfather Dhirubhai Ambani's historic public listing of Reliance Industries.
Hyderabad cybercrime police have arrested two individuals involved in a 'digital arrest fraud' case where an elderly man was duped of Rs 29.17 lakh. The accused facilitated mule bank accounts and cryptocurrency transactions to conceal the money trail for an absconding third accused. The victim was threatened with arrest by fraudsters impersonating officials from Delhi Police, CBI, and ED.
State Bank of India (SBI) is developing an innovative solution to assess the creditworthiness of small businesses lacking GST registration by utilising UPI transaction data. This initiative aims to provide end-to-end digital loans within a day, addressing the financial exclusion of many small enterprises.
Union Minister Ashwini Vaishnaw announced that the Indian government will release a draft consultation paper on Artificial Intelligence (AI) regulations within the next 30 days, focusing on safety, a human-first approach, skilling, inclusivity, and harm restriction.
A 57-year-old woman in Kozhikode allegedly lost Rs 1.35 crore to cyber fraudsters who posed as Mumbai Crime Branch officers. They threatened her with criminal cases and coerced her into transferring money for "verification" to the Reserve Bank of India, promising a return with interest. Police have registered a case and are investigating the incident.
A 38-year-old woman in Thane district committed suicide after discovering her bank account was allegedly used in multiple cyber fraud cases across several Indian states, leading to immense anxiety and police questioning notices.
The Enforcement Directorate has made its sixth arrest, Mukesh Kumar Pukhraj Jain, in a pan-India cyber fraud and digital arrest case involving transactions worth Rs 30,000 crore. Jain is accused of acting as an RTGS agent for the criminal network. The probe, initiated by a Goa Police FIR, uncovered a vast money laundering operation across 20 states, with funds converted into foreign currency and linked to numerous shell companies.
West Bengal and Assam have initiated high alert measures, including the evacuation of 12,000 people, following a glacial lake outburst flood (GLOF) in Bhutan's Gasa region. The incident caused a significant rise in the Sankosh River's water level, prompting authorities to deploy disaster response teams and monitor vulnerable areas.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade due to a surge in crude oil prices and significant selling pressure on bank stocks, impacting overall investor sentiment. Track Sensex, Nifty on July 22.
NetApp CEO George Kurian announced that India is the company's fastest-growing market in Asia, driven by strong performance in BFSI, manufacturing, IT services, and public sectors. The company's Bengaluru global capability centre is its largest, housing 4,000 engineers and leading global R&D. NetApp also unveiled new AI-focused storage solutions and cloud partnerships at its Insight event.
Maharashtra is grappling with an escalating drought crisis, with 305 talukas now declared drought-hit, prompting the state government to announce Rs 5,000 in financial aid for farmers before Diwali and extend comprehensive relief measures.
ICICI Bank has successfully raised $1 billion through a five-year senior unsecured US dollar bond, marking its first public dollar bond issuance since 2017 and the largest single-tranche US dollar bond issuance by an Indian issuer so far this year.
The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
The Central Board of Indirect Taxes and Customs (CBIC) has issued new guidelines for GST officers, mandating year-wise demand breakdowns in multi-year notices, clarifying registration procedures, and streamlining export rules to reduce litigation and improve taxpayer clarity.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
The judges questioned the government's position on arbitration, underscoring the contradiction between its resistance to enforcement and its efforts to promote India as an arbitration-friendly jurisdiction.
The CBI has filed an FIR and conducted searches against a former Sashastra Seema Bal (SSB) assistant commandant, Amit, for allegedly colluding with smugglers to facilitate large-scale operations across the India-Nepal border. The officer, who was posted in Sitamarhi, Bihar, from March 2023 to January 2026, is accused of establishing a nexus with notorious smugglers and deriving undue benefits, with suspicious transactions found in his and his family's bank accounts.
The Supreme Court has noted that the Special Investigation Team (SIT) probing alleged embezzlement at the Ram temple in Ayodhya identified 105 instances of unauthorised currency removal from the counting room. While no discrepancies were found in valuable articles like silver bricks, eight accused have been identified, and a chargesheet is expected soon. The investigation involved examining CCTV footage, financial records, and witness statements.
A special CBI court in Mumbai denied bail to Sandeep Mistry, an associate of fugitive businessman Nirav Modi, in the multi-million-dollar Punjab National Bank (PNB) scam. The court cited Mistry's history of destroying evidence and his absconding for seven years as reasons for the denial, expressing concerns about securing his presence during the trial if released.
Hyderabad Police Commissioner V C Sajjanar warned that replying 'NO' to unsolicited WhatsApp messages regarding unauthorised bank debits could allow fraudsters to steal your money without needing an OTP or a link.
A source said the "intention of finding a resolution" on thorny issues appeared to be missing at the meeting between the two Tata leaders held at Noel Tata's residence.
Modi's cautious response, omitting the public invite from his telephonic conversation summary, suggests India's reluctance to be drawn into Israel's internal politics, points out M R Narayan Swamy.
