'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.'
Indian athletes have delivered a strong performance at the Commonwealth Games, with boxers securing at least nine bronze medals by advancing to the semifinals. In athletics, Tajinderpal Singh Toor and Samardeep Singh Gill qualified for the shot put final, and Animesh Kujur reached the 200m semifinals. While weightlifting and mainstream swimming saw some setbacks, para swimmers also advanced.
Indian badminton players Unnati Hooda, Tanvi Sharma, Devika Sihag, and Kiran George have successfully advanced to the quarterfinals of the Taipei Open Super 300 tournament. While these rising stars secured impressive victories, seasoned players HS Prannoy and Anmol Kharb faced defeats, ending their campaign.
The Bureau of Indian Standards (BIS) is preparing to significantly increase its silver jewellery testing capabilities and expand its national laboratory network, driven by a shift in consumer demand from gold to silver and a broader push for enhanced product certification and surveillance.
India has announced a 36-member squad, comprising 23 men and 13 women, for the World Athletics U20 Championships in Eugene, USA, from August 5 to 9. The team includes national record holder Pooja Singh and long jumper Shahnavaz Khan, and will compete across 18 track and field events.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
India's net direct tax collections have surged by 16.4 per cent year-on-year to 6.51 trillion as of July 13, primarily driven by robust growth in corporate tax receipts, according to provisional data from the Central Board of Direct Taxes (CBDT).
BMW India CFO Carsten Lammers has expressed surprise at the extensive scale and prolonged duration of tax and Customs litigation in India, advocating for faster dispute resolution and simpler procedures to ensure business stability.
India's foreign exchange reserves saw an increase of USD 963 million, reaching USD 672.587 billion for the week ending June 19, as reported by the RBI. This rise follows a previous week's drop. While foreign currency assets decreased, the value of gold reserves significantly increased, contributing to the overall growth.
Guided by Indian table tennis legend Sharath Kamal, the duo have established themselves among the world's elite through a series of impressive performances on the WTT circuit.
Companies are already diversifying sourcing, raising prices, and reworking operating models as the disruption drags on.
Assam's flood toll has climbed to 87 with two new fatalities, even as water levels recede in most inundated areas, affecting nearly 1.3 lakh people. The India Meteorological Department (IMD) has issued warnings for extremely heavy rainfall in neighbouring Arunachal Pradesh and Meghalaya, which could impact several bordering Assam districts.
India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.
India's foreign exchange reserves saw a significant increase of $10.512 billion, reaching $692.866 billion for the week ending July 31, driven by a rise in foreign currency assets and gold reserves.
A joint report by Deloitte India and FICCI projects India's consumer economy to reach USD 1.9 trillion by 2030. This growth will be fuelled by rapid AI adoption, evolving consumer preferences, and new commerce models like e-commerce and quick commerce. India leads in AI adoption among top countries, with businesses leveraging it for engagement, innovation, and forecasting. The report also highlights the emergence of a new Indian consumer seeking convenience and transparency, and identifies key trends shaping FMCG, retail, and e-commerce sectors.
Sports Minister Mansukh Mandaviya has assured continued government support to trap shooter Neeru Dhanda and pistol ace Esha Singh, who recently achieved historic gold medals at ISSF World Cups. Mandaviya highlighted shooting as a priority sport for India, with significant investment in athlete development programs like TOPS and Khelo India, aiming for future Olympic and Commonwealth Games success.
The central government has revamped the Khelo India Scheme's funding pattern, allocating a Rs 565 crore component for states to co-share the cost of future sports infrastructure development projects over a five-year plan. This new model, part of a Rs 29,054 crore outlay, aims to increase state ownership and participation in sports development, significantly expanding the scheme's reach and athlete base.
India's manufacturing sector activity growth declined to a five-year low in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 53.5 from 54.2 in June, driven by a slower rise in new business orders and challenging market conditions.
Prime Minister Narendra Modi will launch a 100-week nationwide campaign, 'Nasha Mukta Yuva for Viksit Bharat Sankalp Abhiyaan', on August 2 to combat rising drug abuse in India. Led by MY Bharat youth, the initiative will involve various activities and aims to unite over one crore young people in a pledge against substance abuse, addressing alarming statistics from the Narcotics Control Bureau.
The start of the West Asia conflict has led to a sharp increase in crude-linked raw material prices, pushing up the price of helmets across the country.
Gulveer Singh has become the first Indian to win a medal in the men's 10,000m event at the Commonwealth Games, securing a silver medal at the 2026 edition and marking a significant achievement for Indian athletics.
India's leading FMCG companies, including Hindustan Unilever and Dabur, reduced their permanent workforce in FY26, even as most firms in the sector, such as Tata Consumer Products and Marico, increased median employee remuneration, reflecting a mixed trend in staffing and compensation strategies.
Ayush Shetty, Unnati Hooda, Simran Singhi, and Kavipriya Selvam are set to make their BWF World Championships debut as India hosts the prestigious badminton event after 17 years, offering a significant platform for these rising stars.
Passenger vehicle dispatches in the domestic Indian market are estimated to have surged by 33 per cent to approximately 4.7 lakh units in July, with market leaders Maruti Suzuki and Hyundai reporting record sales, alongside significant growth from Tata Motors and Mahindra & Mahindra.
Sharmila Dhankar, a polio-afflicted survivor of domestic abuse, clinched a gold medal in the women's F57 seated shot put at the Commonwealth Games, marking a triumph of resilience and athletic prowess.
The Cockroach Janta Party (CJP) founder Abhijeet Dipke has launched an online petition urging Prime Minister Narendra Modi to address India's youth on critical issues like education, unemployment, and the rising cost of living during his Independence Day speech. This initiative follows CJP's successful 36-day agitation against NEET irregularities, which led to the resignation of the Union Education Minister. The CJP is now broadening its campaign with a nationwide "Kya Bolti Public" tour to gather youth views for a comprehensive Youth Reform Charter.
A new study by The Energy & Climate Initiative Society (ENCIS) predicts that AI adoption in India's power generation sector will surge from 35% to 65% by 2030, becoming a core operational capability. The study highlights that nearly seven out of ten professionals see power generation as offering the best opportunity for efficiency gains through AI, driven by India's expanding digital infrastructure and significant investments from energy giants. Predictive asset management and proactive maintenance are identified as key areas for AI application, with efficiency being the primary driver for AI investments.
Dharmendra Pradhan's political career faced an unexpected jolt as he resigned as Education Minister following nationwide protests over the NEET paper leak, marking a significant departure from the government's initial dismissive response to the agitation.
New players like Maruti Suzuki, VinFast, and Tesla are significantly expanding India's electric passenger vehicle (e-PV) market, capturing an 8.1 per cent share and contributing 18 per cent of incremental registrations in the first half of 2026, according to Fada Research data.
Prime Minister Narendra Modi and NDA leaders reviewed India's progress in international sports and significant growth in youth employment opportunities at their weekly parliamentary meeting.
IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.
India's private sector activity slowed to a four-year low in July, with the HSBC Flash Purchasing Managers' Index (PMI) falling to 54.3, driven by weakened sales and output amidst renewed tensions in West Asia and rising inflationary pressures.
Shreyas Iyer urged his players to shed fear and forget the past: 'Be in the present. Maximise the opportunity you're getting. Tomorrow is a new day.' Simple words, but they struck deep.
Auqib Nabi, a right-arm pacer from Jammu and Kashmir, has made history by becoming the first cricketer from the region to be named in India's Test squad, earning a call-up for the tour of Sri Lanka after a remarkable domestic season.
India's gold demand saw a 6 per cent year-on-year decline in the April-June quarter of 2026, reaching 131.4 tonnes, primarily due to subdued seasonal sales, increased Customs duty, and Prime Minister Narendra Modi's call to reduce gold purchases, according to a World Gold Council report.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.
On camera, youngsters gave their names, where they'd come from, where they were studying or working - and then proceeded to criticize Modi. On camera, they held up posters mocking Modi, points out Jyoti Punwani.
Sun Pharmaceutical Industries reported a 27 per cent year-on-year increase in consolidated net profit to 2,894.7 crore for Q1FY27, with revenue growing 10 per cent to 15,299.8 crore, driven by strong performance in India and innovative medicines.
The India Meteorological Department (IMD) has predicted below-normal rainfall for India during the second half of the southwest monsoon season, specifically from August to September. This forecast indicates less than 94 per cent of the Long Period Average (LPA) for the period. While July saw good rainfall activity due to low-pressure systems and the Madden-Julian Oscillation, the Southern Peninsula experienced significantly low rainfall and record high minimum temperatures.
