India has secured a spot among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness, with private investment in AI more than tripling to USD 4.1 billion in 2025, according to a new World Bank report.
They had bought Rs 29,631 crore worth of shares in August.
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.
HCLTech has announced a global partnership with Anthropic to establish a dedicated business unit focused on developing agentic AI solutions for enterprise clients using Anthropic's Claude. The collaboration aims to help businesses adopt AI systems that operate with minimal human intervention, prioritising safety, cybersecurity, and governance. HCLSoftware will also integrate Claude into its enterprise products.
An MP-MLA court in Sultanpur has set October 26 as the date to pronounce its verdict in a defamation case against Rahul Gandhi. The case stems from alleged objectionable remarks made by Gandhi against then BJP president Amit Shah in 2018. Gandhi is required to appear in court on the verdict day.
The Jammu Crime Branch has filed a chargesheet against an education consultant, Lalit Sharma, for allegedly duping multiple individuals of over Rs 37 lakh by falsely promising to arrange work visas abroad, particularly to Canada. The investigation confirmed the receipt of funds and established an offence under Section 420 of the IPC.
American coach Dave Cousins, who led India's compound archers to a historic Olympic quota at the Asian Games, faced a significant delay in receiving his salary for over three months. The Archery Association of India and Sports Authority of India have acknowledged the issue, attributing it to a technical problem, and assured that the payment will be cleared within days, resolving the coach's threat to quit.
P V Sindhu and Lakshya Sen faced early exits at the Denmark Open badminton tournament on Tuesday, while Kidambi Srikanth and Tanvi Sharma secured hard-fought victories to advance to the second round. Sindhu lost to Yvonne Li, and Sen was defeated by Chou Tien Chen. Srikanth will face Alex Lanier, and Tanvi Sharma will play Yvonne Li next.
A Delhi court has rescinded a Look-Out Circular (LOC) against Akash Gupta, an accused in a Rs 247-crore Punjab National Bank fraud case, stating that the seriousness of an allegation cannot be the sole reason for its continued operation. The court noted Gupta's cooperation and previous adherence to travel conditions.
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.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
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.
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.
Madhya Pradesh Deputy Chief Minister Jagdish Devda removed his Officer on Special Duty (OSD), Deepam Raichura, following allegations of accepting a Rs 1 crore bribe related to liquor contracts in Bhopal. The allegations were made by Mohit Gogiya, an accused in a large fraud case, who claimed Raichura facilitated liquor contracts and helped secure a fake bank guarantee. Devda has ordered a probe into the matter.
Your credit card may have security controls you rarely use. Here are seven settings that can help prevent unwanted or fraudulent transactions.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'
India's T20 captain Shreyas Iyer stated that young batting talent Vaibhav Sooryavanshi cannot immediately join the playing XI due to the consistent performance of current openers Abhishek Sharma and Sanju Samson, who were instrumental in India's T20I World Cup win.
The Economic Offences Wing (EOW) of the Crime Branch has filed a chargesheet against four individuals in a 16-year-old fraud case involving Johar Veer Goga (JVG), an unauthorised non-banking finance company in Jammu. The case stems from an investor's complaint in 2010 regarding an unpaid fixed deposit from 1996-97, revealing that JVG operated without proper regulatory registration.
Prime Minister Narendra Modi has urged for a global framework to combat cross-border cyber frauds and deepfakes, highlighting the need for governments, tech companies, telecom operators, and financial institutions to collaborate. Speaking at the India Mobile Congress 2026, Modi stressed that technology thrives on trust and that India is ready to share its expertise in tackling cyber threats. He also noted the rapid expansion of 5G and the success of digital governance initiatives like Direct Benefit Transfer.
The Indian women's cricket team is set to complete a 3-0 T20I series sweep against Zimbabwe in the final match in Raipur, buoyed by strong performances from captain Smriti Mandhana, Shafali Verma, and debutant Niki Prasad.
Police in Thane are investigating the source of a costly firearm used in the murder of Shiv Sena (UBT) functionary Pradeep Purnekar. Two key accused, Nikhil Yadav and Nitesh Pawar, have had their police custody extended until October 13 as authorities seek to identify the mastermind and procurement chain behind the September 29 killing.
Equitas Small Finance Bank (SFB) Managing Director and CEO P N Vasudevan stated, "We may end up applying within a year" for a universal banking licence, while also targeting a nearly threefold increase in advances to Rs 1.2 trillion over the next five years.
Public sector banks in India are increasing their IT spending to bolster cybersecurity measures in response to concerns about Anthropic's Claude Mythos AI tool and its potential to exploit vulnerabilities in financial systems.
The Goods and Services Tax (GST) Council has announced that Input Tax Credit (ITC) will now be available on health and life insurance policies provided by employers to their employees, a move expected to significantly reduce costs for businesses, especially MSMEs.
Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model and its potential threat to financial systems' data security.
Fourth seed Harmeet Desai and second seed Yashaswini Ghorpade faced unexpected defeats at the second National Ranking Table Tennis Championships in Panchkula on Monday. Unseeded Manika Batra and Sreeja Akula, both former top-ranked players, also exited the tournament in the Round of 32, while top seeds like Syndrela Das and Diya Chitale advanced.
Andhra Pradesh and Punjab National Bank (PNB) have signed an MoU to establish the PNB Quantum Finance Hub at Amaravati Quantum Valley. This initiative aims to foster innovation and adopt next-generation technologies like AI and Quantum Computing in the banking sector, focusing on cybersecurity, fraud detection, and customer experience.
Delhi Police have taken stringent measures to prevent the Cockroach Janta Party's 'Lehra Do Tiranga' march in Connaught Place, deploying thousands of personnel and citing prohibitory orders under Section 163 of the BNSS due to risks of traffic disruption, stampede, and threats to public safety.
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.
Delhi Police have arrested Shantaram Barku Shelke, the alleged mastermind behind a Rs 40 lakh visa fraud conspiracy that duped 41 individuals seeking overseas jobs in Russia and Israel. Shelke, proprietor of M/s SS Overseas Travels Agency, issued fake documents and evaded authorities before being apprehended in Nalasopara, Maharashtra.
Indian golfer Rayhan Thomas finished Tied-71st at the Pinnacle Bank Championship on the Korn Ferry Tour, while Indian-American rookie Mahanth Chirravuri secured a Tied-19th finish, his best on the tour. Frankie Harris won the title with a remarkable 59 and a playoff victory.
Fake web sites, counterfeit goods, bogus delivery charges and fraudulent customer support agents are common warning signs.
IBM India and South Asia MD Sandip Patel stated that India is at a defining moment with a unique opportunity to shape exponential technologies like artificial intelligence, emphasizing that "when India builds, it builds for billions," leading to scalable impact. Speaking at the IBM Think 2026 event, Patel highlighted that the AI revolution is still in its early stages, requiring enterprises to redesign their operations around agents, real-time data, automation, hybrid architecture, and trust. He also introduced the concept of "digital swaraj" or sovereignty in the Indian context, stressing the importance of control over operating environments, data, technology, and AI execution. IBM also announced an MoU with MeitY Startup Hub to accelerate India's deep tech innovation and startup ecosystem, providing startups access to IBM's technology expertise and platforms like watsonx and Sovereign Core.
If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman.
Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.
Reliance Industries Ltd (RIL) has successfully raised a total of Rs 25,000 crore through domestic bond issues in September, including a recent Rs 13,000 crore 10-year bond at 7.90 per cent, as it prioritises funding certainty amidst expectations of a possible RBI rate hike and rising borrowing costs.
Tata Capital remains confident in its 23-25 per cent growth guidance, driven by strong momentum in Retail and SME segments, despite facing pressures from rising funding costs and potential impacts from new RBI regulations on revolving credit.
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.
Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems.
