Reserve Bank of India (RBI) Deputy Governor Rohit Jain has warned that financial institutions' increasing reliance on a small number of common technology providers, including cloud and AI model providers, could create a new source of systemic risk. He highlighted 'speed, concentration and opacity' as key risks, noting that a disruption at one provider could rapidly spread across multiple institutions, amplifying existing financial risks.
The Supreme Court has directed the Tamil Nadu government to comply with its previous order to identify land for establishing Navodaya Vidyalayas in each district of the state, emphasising cooperative federalism and urging a change in mindset regarding the central government's education policy.
Solicitor General Tushar Mehta informed the Supreme Court that an appeal would be filed against an Allahabad High Court decision that quashed the detention of Delhi University student Akriti Chaudhary under the National Security Act. The High Court had also awarded Rs 5 lakh compensation to Chaudhary and criticised the "despotic" conduct of the Gautam Buddha Nagar DM. The Supreme Court also expressed displeasure over a Greater Noida executive magistrate's notice to another student for protest participation.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
The Supreme Court has rejected pleas to reconstitute a high-powered committee investigating alleged police excesses against student protesters in Delhi, stating that the allegations against the panel were based on conjecture. The court emphasised the committee's role in ensuring fairness and transparency, and directed it to proceed with its inquiry into various issues including the use of pellet guns, targeted violence, and property destruction, while ensuring protection and confidentiality for vulnerable witnesses.
The US District Court for the Eastern District of New York has revoked the naturalisation of Gurmeet Singh, an Indian-origin man, after he was convicted of rape and kidnapping. Singh had concealed these serious criminal acts during his naturalisation process, leading to the federal court's decision to strip him of his US citizenship.
The US Senate has overwhelmingly approved a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to punish Russia and its major petroleum product buyers, including China and India. The legislation allows the US President to impose 100 per cent tariffs on goods from the top five importers of Russian oil and gas, and also extends sanctions on Iran's energy sector. The bill, championed by the late Senator Lindsey Graham, now moves to the House of Representatives for further approval.
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.
South Korean male professional tennis players face a unique challenge: mandatory military service, which interrupts their careers for 18 months. This article explores how players like Seong-chan Hong, Hyeon Chung, and Soonwoo Kwon adapt to this obligation, with some earning exemptions through sporting achievements while others navigate a return to the professional circuit after their service.
Indian tennis icon Leander Paes is poised to contest the presidency of the All India Tennis Association (AITA), backed by the Bengal Tennis Association. This sets up a potential three-way battle against current Davis Cup captain Rohit Rajpal and interim president Chintan Parikh, pending Paes's success in the Sportsperson of Outstanding Merit (SOM) election.
China has declared India's move to identify 27 places in Arunachal Pradesh by their standard names as "illegal, null and void," reiterating its claim over the region it calls Zangnan. India has consistently rejected China's renaming attempts, asserting Arunachal Pradesh as an integral part of India.
The market capitalisation of these 41 companies ranged from Rs 30 crore to around Rs 1.26 trillion, as on August 7.
The United States has implemented a 10 per cent tariff on goods imported from India and 16 other countries, citing efforts to combat forced labour in production.
TMC MP Mahua Moitra was allegedly pelted with eggs by BJP workers during a visit to Nadia district's Tehatta area, despite police presence. Moitra invoked a recent Supreme Court observation regarding her apprehension of such attacks, questioning police inaction and alleging contempt of court. The BJP has condemned the act but denied involvement.
'If there are different laws governing the same subject, it can increase the compliance burden on platforms. The process would be easier and more transparent if there were a singular national-level law.'
State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.
A US Congressman has raised serious concerns regarding India's proposed amendments to the Foreign Contribution Regulation Act (FCRA), warning that these changes could lead to government takeovers of religious charities and strain bilateral relations.
Hospital chain Fortis Healthcare has filed a special leave petition in the Supreme Court against a Delhi High Court order directing a forensic audit into the alleged erosion of assets by its former promoters, Malvinder and Shivinder Singh, during enforcement proceedings initiated by Japanese drugmaker Daiichi Sankyo.
The Delhi High Court has ruled that Booth Level Agents (BLAs) of political parties are not liable for false details in electoral enumeration forms that cannot be personally verified. The court clarified that BLAs are only responsible for verifiable information, such as an elector's photograph, and struck down the Election Commission of India's mandate requiring BLAs to provide personal undertakings for all details.
Justice Ashwani Kumar Mishra was sworn in as the Chief Justice of the Punjab and Haryana High Court, despite strong objections from the Punjab government. The Mann government claimed the appointment bypassed constitutional norms and procedures, leading to a political tussle with the Centre, which defended the process.
The Supreme Court has sought responses from the Union ministries of electronics and information technology and law and justice regarding a plea for safeguards for minors on social media. The NGO 'Just Rights for Children Alliance' filed the plea, arguing that social media platforms should not enter into contracts with children under 18, citing their statutory incapacity to contract and the risks of online harm.
India's Ambassador to the US, Vinay Mohan Kwatra, has clarified that the recent amendments to the Foreign Contribution (Regulation) Act (FCRA) are primarily aimed at enhancing transparency and ensuring accountability in foreign financial flows.
'An instruction came from somebody in Delhi saying, "don't go with the launch".'
A data breach does not end when the headlines fade. For victims, stolen personal information can fuel fraud, identity theft and financial losses for years.
Prime Minister Narendra Modi lauded Commonwealth Games gold medallist Lovlina Borgohain for her quick action in objecting to a distorted map of India at a Glasgow restaurant, highlighting her thoughtful gesture during a celebratory moment.
The Indian government has amended its e-commerce rules to enhance price transparency, prevent manipulation of search results, mandate clear disclosure of sponsored listings, and combat 'dark patterns' to protect consumers.
The Congress party has criticised the government's new 0.4% charge on UPI transactions above Rs 2,000 for merchants, terming it a "Modi tax". Opposition leaders, including Rahul Gandhi and Mallikarjun Kharge, allege that this move will ultimately burden consumers through price hikes and accuse the government of succumbing to American pressure to dilute India's zero-MDR policy. The government states the charge will support banks and fintechs.
Competition Commission of India (CCI) chairperson Ravneet Kaur has warned that the rapid adoption of artificial intelligence (AI) could intensify anti-competitive practices in digital markets, including self-preferencing, discriminatory pricing, and market manipulation. She highlighted the CCI's ongoing study into AI's impact on competition and stressed the regulator's role in fostering growth while preventing abuse of dominance.
The United States has announced a new round of trade measures against Canada, including bans on Canadian dairy, alcoholic beverages, and motorcycles, and reshuffled existing tariffs. This escalation comes after Canada imposed retaliatory tariffs on American goods. The US administration cited Canada's retaliatory actions as the trigger, contrasting it with other nations that chose negotiation over retaliation.
India batter Mayank Agarwal has signed with Durham for the final four matches of the County Championship's Division Two, aiming to help the team secure promotion to Division One.
The family of Chongtham Vikram Singh, a Manipuri musician beaten to death in south Delhi, has appealed for justice and an impartial probe, stating they seek accountability, not revenge, for his sudden loss.
The Revolutionaries never draws you into its world nor explains the mind and motivation of its heroes or even the mood within a nation they're going through so much trouble for, observes Sukanya Verma.
Long before Rehman Dakait made the Internet swoon, Akshaye Khanna had already mastered the art of stealing the show from the dark side.
Hindutva influencer Swatantra Bhardwaj was detained in Uttar Pradesh following a protest by the Cockroach Janta Party (CJP) demanding his arrest for allegedly assaulting a student's father and bragging about it, while the victim's daughter reported receiving rape threats and online abuse.
'This government is in the very bad habit of doing so again and again. It has done so many times.'
The Kerala high court has delivered a landmark judgment, empowering Christian women in India to file for divorce from their current place of residence, thereby removing a significant procedural hurdle and ensuring equal access to justice.
'Now the institutions which have the might of law invested in them think that whatever they do is right.'
Former India women's hockey team captain Asunta Lakra has challenged the ethics proceedings initiated against her by Hockey India, citing procedural irregularities and questioning the Ethics Committee's jurisdiction. Lakra denied all allegations as 'false, baseless, malicious, motivated and defamatory' and is seeking full disclosure of documents before providing a detailed reply.
The Bombay High Court has identified a worrying trend of foreign nationals infiltrating India, fraudulently acquiring documents like Aadhaar and PAN cards to claim Indian citizenship. The court highlighted serious gaps in inter-agency coordination and document verification, noting that some individuals have engaged in anti-national activities. It urged the Centre to amend the Aadhaar Act to facilitate tracing and deportation, and to establish procedures for dealing with human trafficking and border infiltration. The ruling came during a case involving an Afghan national who overstayed his visa and obtained fake documents to secure an Indian passport.
