'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
The Reserve Bank of India (RBI) has introduced stricter timelines for banks to process inward cross-border remittances, aiming to reduce delays in crediting funds to beneficiaries by mandating immediate customer intimation and more frequent nostro account reconciliation.
India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.
The incident involved compromise of an employee's email account, resulting in unauthorised access to certain data.
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.
The Reserve Bank of India (RBI) has issued amended directions for bank boards, effective October 1, 2026, to rationalise agenda items and enable more focused engagement on strategy and risk governance, while explicitly defining matters reserved for board approval and periodically reviewing delegated powers.
IT services major LTM is set to introduce a new pricing framework, 'Blueverse Credit', in the first quarter of FY27, aiming to align monetisation with the growing adoption of agentic artificial intelligence.
The income tax department has significantly reduced refund processing times over the past few years. But while some taxpayers receive refunds within days, others may wait several weeks or even longer. Here's why.
The United States Trade Representative (USTR) has expressed concerns that India's Digital Personal Data Protection (DPDP) Act, particularly the lack of a deemed consent mechanism for credit information companies, and the Information Technology (IT) Rules of 2021, along with frequent internet shutdowns, could negatively impact the ability of US companies to operate and trade in India.
'They want to sabotage the caste census and bury Muslim backward classes, Hindu backward classes, Sikh backward classes and Buddhist backward classes.'
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
The Supreme Court has observed a 'positive turn' in the progress of installing CCTV cameras in police stations across India, acknowledging substantial efforts made in recent months.
...and 3 lakh for harassment.
Tax treatment depends on the activity and manner of earning income.
There is a need for real-time or near real-time credit reporting, instead of the current fortnightly system, to improve underwriting precision, enable timely reflection of borrower actions such as loan closures or repayments, and deliver a superior consumer experience, Deputy Governor of the Reserve Bank of India (RBI), M Rajeshwar Rao said on Wednesday.
Lending is no longer just about what you've done. It is about how you manage money over time, says Mohit Jain, Co-founder, Finfinity.
Nearly one in two children still leave the school system before completing higher secondary education.
The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.
How did a melancholic Kishore Kumar classic from 1964, remixed decades later, become the unlikely soundtrack to a Gen Z protest?
Indian judoka Harsh Tokas, inspired by Olympic champion Lasha Bekauri, is determined to win India's first-ever Commonwealth Games gold medal in judo at his debut in Glasgow, competing in the men's 81kg category.
If reimbursement becomes unavoidable, submit a complete file at the earliest.
Racing Bulls driver Arvid Lindblad, who has Indian ancestral roots, attributes the rise of young athletes like Vaibhav Sooryavanshi across global sports to advancements in technology and better access to information from an earlier age.
Amitabh Jhunjhunwala, former Managing Director of the Anil Dhirubhai Ambani Group, has been remanded in CBI custody in an alleged bank fraud case involving Reliance Commercial Finance Limited (RCFL) worth Rs 9,280 crore. The CBI alleges misappropriation of loan funds and violations of RBI guidelines, while Jhunjhunwala's lawyers claim he is a scapegoat.
Long-duration bonds allow investors to match investment tenure with long-term liabilities and also stabilise their long-duration portfolios.
Salaried taxpayers should not use these forms blindly to file their income-tax returns.
'I don't see fear becoming a dominant factor for retail investors.'
Sharing a heartfelt message on social media, Filmmaker Karan Johar reflected on a professional relationship spanning more than three decades and praised Designer Manish Malhotra's journey from his early days in Indian cinema to becoming a globally recognised name in couture.
'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'
Police in Meerut have arrested two individuals for allegedly running a fake Common Service Centre (CSC) to open fraudulent bank accounts using forged documents of unsuspecting, needy people. The accused used these accounts for online financial frauds, leading to the recovery of numerous fake IDs, bank cards, and other incriminating evidence.
Ford Business Solutions (FBS) India, the global capability centre for Ford Motor Company, has inaugurated a new office in Coimbatore, its third location in India. This expansion is a strategic move to strengthen the resilience of Ford's global operations, with nearly 50 per cent of its future growth in India expected to be in technology, data science, and data analytics.
One 97 Communications Ltd, operating Paytm, is set to issue its first bonus shares, following a landmark year of achieving its maiden full-year profit and gaining significant market share. The board will meet on July 20 to decide on the bonus issue, reflecting confidence in its financial strength and aiming to improve stock accessibility for retail investors.
Investors should do thorough due diligence when selecting a platform.
'What struck me at the time was simply the scale of it -- that something of this magnitude could be unfolding inside the Ram temple itself.' 'It was bewildering. And what troubled me further was the manner in which people were shielding it.'
A political controversy has erupted in Navi Mumbai after Maharashtra Deputy CM Eknath Shinde's name was omitted from official invitation cards for a civic event, leading to protests by Shiv Sena workers. The incident has also exposed infighting within the BJP, with an MLA accusing a minister of sabotaging her projects and falsely claiming credit.
The Avengers: Doomsday teaser trailer has dropped, revealing an ambitious, potentially overcrowded multiverse saga featuring Doctor Doom, returning heroes, and universe-colliding stakes that could define the future of the MCU.
Shaji Kailas delivers familiar mass moments, but Varavu never rises above its dated revenge formula.
Poland's Secretary of State, Wladyslaw T Bartoszewski, has credited Prime Minister Narendra Modi with preventing Russian President Vladimir Putin from using tactical nuclear weapons in Ukraine in late 2022, highlighting Modi's significant influence on the Russian leader.
India's junior men's artistic gymnastics team achieved a historic bronze medal at the Asian Championships held in Zunyi, China. The team, comprising Harschit Damodaran, Nishad Narvane, SK Nabigh Ali, Akshat Bajaj, and Mohammed Zaid Ansari, scored 224.493 points, finishing behind gold medallists China and silver medallists Japan.
A 36-year-old man was arrested in Odisha for allegedly raping a 23-year-old woman. The accused lured the survivor with a job promise, took money from her, and then manipulated her with a fake police call before raping her in a hotel. The woman reported the incident, leading to his arrest.
