A Mumbai consumer court has directed Flipkart and its seller to refund over Rs 1.11 lakh to a customer who received beard growth oil instead of an Apple iPhone, and to pay an additional Rs 70,000 in compensation and litigation costs, citing "unfair trade practice" and "deficiency in service."
The Maharashtra Food and Drug Administration has issued a comprehensive order mandating free drinking water for customers in all food establishments, banning food served in newspapers, and introducing rigorous operational standards. These new regulations aim to improve food safety, hygiene, and transparency across hotels, restaurants, and other food service providers in the state.
Bengaluru Customs officials arrested two passengers at Kempegowda International Airport in separate incidents, seizing hydroponic ganja worth a total of Rs 5.9 crore. The arrests were made under the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
Bengaluru Customs officials arrested two passengers at Kempegowda International Airport in separate incidents, seizing hydroponic ganja worth a total of Rs 5.9 crore. The arrests were made under the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
Customs officials at Bengaluru's Kempegowda International Airport arrested a passenger from Dubai for attempting to smuggle 899.50 grams of 24K gold, valued at Rs 1.37 crore, concealed in capsules.
Customs officials at Lucknow's Chaudhary Charan Singh International Airport arrested an Indian passenger and seized 10.397 kg of suspected hydroponic marijuana, valued at approximately Rs 10.39 crore, from his baggage. The seizure was made following specific intelligence, and the passenger has been booked under the NDPS Act. This incident follows a similar large bust in Varanasi, indicating a wider network under investigation.
Customs officials at Lucknow's Chaudhary Charan Singh International Airport arrested an Indian passenger and seized 10.397 kg of suspected hydroponic marijuana, valued at approximately Rs 10.39 crore, from his baggage. The seizure was made following specific intelligence, and the passenger has been booked under the NDPS Act. This incident follows a similar large bust in Varanasi, indicating a wider network under investigation.
Mumbai Customs has arrested a 29-year-old woman, a private bank employee and beauty pageant runner-up, for allegedly smuggling 11.8 kg of hydroponic weed worth Rs 11.8 crore from Bangkok into India. She was apprehended at CSMIA and has been sent to judicial custody under the NDPS Act.
An EY India report suggests that banks must compete on customer experience and evolve physical branches into phygital advisory hubs. The report highlights the importance of anticipating customer needs and blending digital tools with human interaction.
Customs officials at Delhi's IGI Airport have seized 15.38 kg of hydroponic weed, valued at Rs 5.38 crore, which was concealed inside two geysers carried by passengers arriving from Kuala Lumpur. Two individuals have been arrested, and investigations are ongoing to uncover the wider drug-smuggling network.
Customs officials at Delhi's IGI Airport seized over 6 kg of hydroponic weed, valued at Rs 2.1 crore, from an Indian passenger arriving from Bangkok. The high-potency cannabis was found during baggage screening, leading to a case under the NDPS Act.
Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.
Bharti Airtel, India's second-largest telecom operator, reported a 37.3 per cent rise in consolidated net profit to 8,167 crore for Q1 FY27, driven by the addition of high-paying premium customers, despite missing Bloomberg consensus estimates.
Chennai Customs officials seized over 10 kg of suspected high-grade hydroponic ganja from a passenger arriving from Bangkok at Anna International Airport.
A court in Mumbai sentenced a customs clearing agent to two years' imprisonment in four cases of import duty evasion, while acquitting three others due to flawed investigation by the CBI.
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.
Finance Minister Nirmala Sitharaman clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers, and aims to support banks and fintech in infrastructure investment. She countered Congress leader Jairam Ramesh's claims, stating that a committee will decide on MDR only after Parliament passes the Taxation and Other Laws (Amendment) Bill, 2026, a process currently stalled by parliamentary disruptions.
The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.
The Customs Commissionerate (Preventive), Kochi, has seized multiple SUVs and arrested a used luxury car showroom owner as part of 'Operation Numkhor', an ongoing investigation into the smuggling of luxury vehicles from Nepal and Bhutan.
Maruti Suzuki India's CFO, Arnab Roy, has urged the central government to introduce an amnesty scheme or an 'as-is' settlement option to resolve past indirect tax disputes, aiming to clear legacy litigation and foster growth in the automotive industry. Roy emphasised the need for a 'smarter way to address the past' to provide long-term certainty for businesses.
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.
IndiGo Managing Director Rahul Bhatia has stated that the airline has 'taken all the necessary steps' to learn from the operational disruption faced in December last year, while outlining a long-term vision focused on customer trust, international expansion, and establishing India as a global aviation hub.
The incident involved compromise of an employee's email account, resulting in unauthorised access to certain data.
'GenZ today is close to 45 to 50 per cent of the overall shopping journeys in the country. They are also very content-first in terms of entertainment or otherwise, general gratification of content and discovery.'
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.
At sunset, in Vashi, New Bombay, a modest roadside stall, near the entrance of General Arun Kumar Vaidya Kala Kendra, quietly draws a steady stream of endless customers -- office-goers, students, families and regulars.
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
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.
The biggest challenge to widespread deployment is no longer AI. It is the financial and commerce infrastructure that was built decades ago for deterministic software and human interactions -- not autonomous AI agents.
Flipkart-backed Scapic Innovations, operating as super.money, has launched splitStore, a credit-linked e-commerce platform targeting Gen Z. It allows customers to split payments into interest-free installments, with the goal of contributing 20% to total revenue by December and transforming how India shops by providing instant access to products for new-to-credit users.
The refreshed Brezza will target first-time, replacement and additional-car buyers as Maruti responds to changing preferences and intensifying competition in compact SUVs.
The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL) following the Reserve Bank of India's cancellation of its banking licence due to non-compliance and concerns over depositor interests.
The move comes amid growing demand from organisations in India for local access to Claude.
Tech giant Apple reported a record June quarter revenue of USD 109.4 billion, a 16 per cent year-on-year increase, with significant double-digit growth in emerging markets like India. However, the company anticipates business risks in the coming quarters due to rising memory chip prices and ongoing supply constraints.
GSTN has put on hold its planned enhancements to the e-way bill system, providing businesses with crucial time to adapt to the proposed changes amid widespread industry concerns.
The elder brothers of Indore businessman Raja Raghuvanshi, who was murdered in Meghalaya, along with three employees of their eatery, have been preventively arrested for allegedly illegally serving liquor and failing to provide information to the police. Cases have been registered under the Excise Act and Bharatiya Nyaya Sanhita.
GMR Aero Technic has signed a license agreement with Honeywell Aerospace to provide maintenance, repair, and overhaul (MRO) services for LEAP engine line replaceable units (LRUs). This partnership will enhance MRO capabilities for Airbus A320neo and Boeing 737 MAX aircraft in India, leveraging Honeywell's technology and GMR's infrastructure to offer efficient and cost-effective solutions for regional airlines.
Customs officials at Mumbai's Chhatrapati Shivaji Maharaj International Airport seized hydroponic weed valued at nearly 20 crore and USD 1 lakh in cash over two days.
Jaguar Land Rover (JLR) India reported its highest-ever first-quarter retail sales for FY27, with 1,665 vehicles retailed, an 11 per cent year-on-year increase, largely due to sustained demand for premium SUVs and the benefits of the India-UK Free Trade Agreement.
Bajaj Finance, India's largest private-sector NBFC, reported a 29 per cent year-on-year increase in standalone net profit to 5,346 crore for Q1FY27, propelled by robust growth in net interest income and assets under management, which surpassed 4 trillion.
