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.
India is actively integrating payment system harmonisation into its Free Trade Agreement (FTA) negotiations, especially with countries hosting a large Indian diaspora. This strategy aims to leverage India's growing fintech ecosystem, facilitate cross-border financial services, and position India as a global hub for financial services exports, particularly through platforms like GIFT City.
A 'technical issue' in the UK's National Air Traffic Services (NATS) flight processing system grounded hundreds of flights across the UK, including long-haul routes to and from India, leading to widespread disruption and prompting Ryanair to demand the resignation of NATS CEO Martin Rolfe.
The Directorate of Revenue Intelligence (DRI) has dismantled a large-scale network involved in fraudulently importing South-East Asian areca nuts into India. The syndicate falsely declared the nuts as Bangladeshi origin to evade customs duty, leading to a potential revenue loss of over Rs 2,500 crore. Nine individuals have been arrested in connection with the scam.
With Konarc, the company has moved deeper into the mass-market e2W segment.
Repeated increases in new luxury-car prices, driven partly by the rupee's depreciation against the euro, are expanding the market for certified pre-owned vehicles.
Two juveniles, aged 14 and 15, have been apprehended in northeast Delhi's Welcome area after a complaint about food taste at a hotel allegedly escalated into a stabbing incident. A 25-year-old hotel worker was attacked with a knife-like object. Police registered an FIR and recovered the weapon, a vegetable-cutting knife.
The Indian Centre has spent 37 per cent of its ~12.22 trillion capital expenditure target in the first four months of FY27, marking a 30 per cent year-on-year increase, while simultaneously keeping the fiscal deficit under control at 27 per cent of the Budget Estimate.
Wipro has announced an expanded partnership with Google Cloud to accelerate the adoption of Gemini Enterprise and agentic AI. The IT company plans to create a workforce of 10,000 AI-certified specialists, including 1,500 forward-deployed engineers, to work on new Google Gemini-based solutions for enterprises, enhancing productivity and streamlining operations.
PhonePe, at the Global Fintech Fest 2026, unveiled its strategic vision for the next decade, focusing on inclusive digital progress for individuals, households, and businesses across India. The roadmap details innovations in financial inclusion, wealth creation, credit access, and merchant solutions.
Carlos Alcaraz, the defending champion, secured his spot in the US Open quarter-finals by defeating American Tommy Paul in straight sets. Alcaraz showcased a dominant performance, extending his major match-winning streak and expressing confidence in his return to top form after a wrist injury.
An IndiGo flight carrying 229 passengers from Goa to Delhi was forced to make an emergency landing back at Manohar International Airport after one of its engines failed mid-air. The aircraft landed safely, and alternative arrangements were made for the passengers.
Keeping KYC information accurate and current should, therefore, be seen not merely as meeting a regulatory requirement, but as an important part of safeguarding one's own financial identity and safety, explains RBI Deputy Governor J Swaminathan.
Whether Apple unveils a foldable iPhone or simply builds on its existing line-up, September 9 will offer the first glimpse of how the company plans to begin its next chapter.
Aditya Birla Capital has entered the gold loan business, aiming to establish 1,000 branches within three years, capitalising on the strong structural growth and surge in demand for gold-backed credit in India.
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.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
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.
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.
Chennai Customs officials seized over 10 kg of suspected high-grade hydroponic ganja from a passenger arriving from Bangkok at Anna International Airport.
Blue Machines AI has launched Floe, a context-aware language detection model designed for AI agents. Floe distinguishes between code-mixing and genuine language switches in multimodal interactions, supporting over 10 Indic languages with ultra-low latency. It aims to improve enterprise AI conversations by understanding user intent in multilingual settings.
Reliance Jio's reintroduction of Jio Prime membership with a price lock until September 2027 and the retention of its entry-level daily unlimited data plan at ~299 rupees are seen by industry analysts as strong indicators of imminent tariff hikes across the Indian telecom sector.
Tennis legends Serena and Venus Williams played what was likely their final U.S. Open doubles match, losing to Maya Joint and Chan Hao-ching in a thrilling three-set encounter. Despite the defeat, the match was a celebration of their illustrious careers, drawing 23,000 adoring fans to Arthur Ashe Stadium who cheered every point of the iconic sisters.
India's electric two-wheeler market has seen record penetration, exceeding 11.2 per cent, driven by crude oil price fluctuations. This surge has led to an unexpected crisis for Indian OEMs, with unfulfilled customer demand reaching 20-30 per cent and average waiting periods exceeding four weeks, a situation expected to intensify during the upcoming festival season.
Tata Motors Passenger Vehicles Ltd (TMPV) announced a price hike of up to Rs 25,000 across its ICE and electric vehicle models, effective September 1, to mitigate rising input costs and inflationary pressures.
Tata Consultancy Services (TCS) has announced a five-year strategic deal with German automaker Porsche AG worth 1.25 billion (nearly 14,000 crore), which includes the acquisition of Porsche's wholly-owned subsidiary MHP Management- und IT-Beratung GmbH for 320 million (around 3,574 crore). This move is set to significantly expand TCS's consulting footprint in Germany and the broader European market, giving it access to MHP's customer base and specialised talent.
The Centre has appointed two directors and a joint director to the National Testing Agency (NTA) amidst ongoing reforms and scrutiny over issues like the NEET paper leak. These appointments are part of a broader overhaul of the NTA's examination system.
Titan Company reported a strong first-quarter performance for FY27, primarily driven by its jewellery segment, which saw a 30 per cent growth in sales. This robust Q1, coupled with expectations of continued outperformance, has led brokerages to raise earnings estimates and boosted the company's stock.
Axis Bank has opened 50 new branches across India, while Abakkus Mutual Fund has surpassed Rs 10,000 crore in AUM. YES Bank launched a new credit card for women, and J&K Bank partnered with HDFC Life to enhance its insurance offerings, showcasing significant growth and strategic developments in the Indian financial sector.
Namrata Karad, founder of Ahikoza by BRHAM, opens up about going from working on a Hugo Boss sales floor to seeing her bags carried by Alia Bhatt, Kareena Kapoor, Kylie Jenner, Khloe Kardashian...
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.
Bank fraud is no longer just an external cyber threat -- insiders with legitimate access can exploit banking systems, trusted credentials and institutional blind spots to quietly siphon money.
India's passenger vehicle sales are estimated to have surged by approximately 35 per cent to about 4.5 lakh units in August, driven by strong performances from major automakers like Maruti Suzuki India, Tata Motors Passenger Vehicles, and Mahindra & Mahindra, with the industry entering the festive season with optimism.
Econz IT Services, in partnership with Google Cloud, has launched Bengaluru's first Gemini Enterprise Experience Centre. This centre provides an immersive environment for businesses to develop and deploy advanced Agentic AI solutions, marking a significant step in enterprise AI innovation in the region.
India has finalised a deal with the United States to acquire Javelin anti-tank guided missile systems, significantly enhancing the Indian Army's combat capabilities. This procurement, facilitated through the US Foreign Military Sales process, underscores the deepening bilateral defence partnership and opens avenues for future collaboration and co-production between the defence industries of both nations.
Arunachal Pradesh Chief Minister Pema Khandu highlighted that the success of UPI, which handles nearly half of the world's real-time digital transactions, stems from a collaborative ecosystem including financial inclusion, digital identity, and affordable internet. He attributed this digital payments revolution to the vision of PM Narendra Modi.
Tamil Nadu's state-run liquor corporation, TASMAC, is implementing a new automated indent request process for all retail shops starting September 1. This digital system aims to streamline stock distribution, reduce paperwork, and ensure consumers receive their preferred brands based on local demand.
Rukmini Vasanth's Toxic may be bringing the drama to the big screen but her wardrobe has been quietly causing its own kind of chaos.
Extraordinary accounts of survival are emerging from Nepal's devastating flash floods, including a 97-year-old woman rescued from rubble and individuals who fled collapsing settlements, spending nights stranded in forests before rescue.
