The Ministry of Heavy Industries (MHI) anticipates disbursing approximately 4,700 crore in incentives under the automotive PLI scheme in FY27, more than double the previous two years, while also exploring financing mechanisms for electric buses and trucks and promoting domestic manufacturing of critical EV components.
A Flipkart delivery executive has been arrested in Bengaluru after allegedly making an obscene gesture towards a woman, prompting a police investigation and Flipkart's termination of his engagement.
Baramulla-born fast bowler Auqib Nabi has been selected for the Indian Test squad to play against Sri Lanka, replacing an injured Jasprit Bumrah. This marks a historic moment as Nabi becomes the first player from the Kashmir Valley to join India's Test team, following impressive performances in the Ranji Trophy.
VinFast has gone from an unknown brand to India's fifth-largest EV carmaker in just seven months, but its toughest battle is only beginning.
RBI Governor Sanjay Malhotra stated it is "premature" to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a "wait-and-watch" approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.
Shiprocket plans to allocate a significant portion of its IPO proceeds towards artificial intelligence (AI), aiming to evolve its e-commerce enablement platform into a comprehensive operating system for merchants, enabling conversational commands and reducing manual tasks.
Cognizant's research reveals that companies seeking AI adoption favour IT services firms offering custom, full-stack AI solutions, prioritising flexibility and expertise over cost and speed.
SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.
Merlinhawk Aerospace has partnered with Boeing India Defence to provide in-country maintenance, repair, and lifecycle support for advanced Electro-Optical/Infrared (EO/IR) systems on Indian military platforms. This collaboration aims to strengthen local support, reduce turnaround times, and enhance mission readiness for the Indian Navy, aligning with India's self-reliance goals in defence.
Merlinhawk Aerospace has partnered with Boeing India Defence to provide in-country maintenance, repair, and lifecycle support for advanced Electro-Optical/Infrared (EO/IR) systems on Indian military platforms. This collaboration aims to strengthen local support, reduce turnaround times, and enhance mission readiness for the Indian Navy, aligning with India's self-reliance goals in defence.
History-sheeter Arjun Ayanki has publicly challenged Kerala Home Minister Ramesh Chennithala, daring him to reinvestigate a case and warning him against intimidation. This comes as police intensify their search for Ayanki in connection with allegedly threatening a police officer. Ayanki, known for his involvement in a gold smuggling network, has multiple cases against him, including a recent one for his social media post against the minister.
L&T Finance reported a robust Q1FY27 with net profit growing 29% year-on-year to 900 crore, driven by strong asset growth and strategic initiatives including accelerating cross-selling, improving productivity, and fostering a technology-first, AI-led culture, alongside significant expansion in gold loans.
The United Forum of IDBI Officers & Employees has voiced "profound concern" over the Centre's reported decision to proceed with the strategic disinvestment of its controlling stake in IDBI Bank to Fairfax Financial Holdings, urging a parliamentary review of the proposed sale.
NPCI International Payments Ltd (NIPL) and Maldives Monetary Authority (MMA) have successfully integrated the Maldives' instant payment system 'Favara' with India's Unified Payments Interface (UPI). This enables real-time fund transfers from Maldives to UPI-enabled Indian bank accounts, marking a significant step in cross-border digital financial connectivity and bilateral economic cooperation.
Premier Indian pacer Jasprit Bumrah will miss the upcoming two-Test tour of Sri Lanka due to a persistent knee injury.
Samsung Electronics has launched its new Galaxy Z8 series, featuring the Z Fold8 Ultra, Z Fold8, and Z Flip8. These foldable smartphones are thinner, lighter, and boast larger displays, AI capabilities, and enhanced durability through new Flex Titanium technology. Indian customers can pre-order the devices soon.
Sridhar Vembu, Zoho Corporation Founder, states that the IT industry is not generating new jobs due to funds being redirected towards the escalating costs of AI and data centre infrastructure. He highlights a structural economic challenge where advanced technology, while making goods affordable, creates income distribution issues and suggests that solutions like Universal Basic Income might gain traction, especially in countries like India.
While most fans reached for football jerseys, Urvashi Rautela treated the FIFA World Cup 2026 stage like her personal runway, layering couture over sportswear in a look that was bizarre yet bold and unforgettable.
Air India has announced the appointment of Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, as its new Managing Director and Chief Executive Officer, replacing Campbell Wilson. This strategic appointment comes as the airline navigates expansion amidst significant challenges.
'Hiring within IT services firms is going to be very specialised.'
HDFC Bank, India's largest private sector lender, reported a reduction of 3,343 employees in FY26, bringing its total workforce to 2,11,178, even as its balance sheet expanded by 12 per cent. The bank's MD and CEO, Sashidhar Jagdishan, attributed the headcount reduction to redeploying talent from back-end functions to customer-facing roles due to technology-led efficiencies. The annual report also addressed the challenging resignation of part-time chairman Atanu Chakraborty, which raised questions about the bank's governance standards.
Washington Governor Bob Ferguson declared a statewide state of emergency and burn ban Saturday morning as an unprecedented wildfire crisis gripped the region, with active blazes scorching nearly 3,000 acres.
The Lok Sabha has passed a Bill to amend the Payment and Settlement Systems Act, 2007, authorising the government to permit banks and service providers to levy charges on UPI and other electronic payment modes. This move aims to create a sustainable revenue model for the digital payments ecosystem, shifting from the current exemption of UPI transactions from such charges.
The Mumbai Customs department seized narcotics, foreign currency, gold, and precious stones worth over Rs 46 crore at the Mumbai international airport in a week.
Rockwell Automation's CEO Blake Moret highlights India as the centrepiece of the company's Asian growth strategy, detailing its four-decade presence, significant employee base, and support for the 'Make in India' initiative. The company sees major opportunities in pharmaceuticals, automotive, food and beverage, and consumer products, with AI playing a crucial role in simplifying industrial automation and boosting productivity for Indian manufacturers, including MSMEs.
Air India, SkyDrive, and Suzuki Motor Corporation have signed an initial pact to conduct a joint feasibility study on using electric vertical take-off and landing (eVTOL) aircraft for medical air logistics in India. This collaboration aims to address severe traffic congestion in major Indian cities, which poses challenges for time-critical medical transport, by developing last-mile emergency medical solutions.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Customers must report the fraud both to their bank and to the National Cyber Crime Reporting Portal or Helpline 1930 within five calendar days of the occurrence of the fraudulent transaction.
India's passenger vehicle industry is poised for a record-breaking year in 2026, propelled by robust dispatches in the first half of the calendar year and strong demand for utility vehicles, despite facing several economic challenges.
Sometimes a little accessory like a nose ring is all you need to elevate your look from nice to WOW.
Olectra Greentech Ltd has become the first company in India to deploy 4,000 electric buses on Indian roads, marking a significant milestone in the country's transition to sustainable public transport and reinforcing its leadership in electric mobility.
Protect your vehicle from the unpredictable monsoon season by understanding essential motor insurance add-ons like Engine Protect and Zero Depreciation, crucial for covering damages from floods, waterlogging, and preventing costly out-of-pocket expenses.
Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.
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.
'1991 was an exceptional period in Indian history.' 'A big 400-volt shock was administered to the system, which was required. Today, we are in a much, much better position.'
Assam's flood death toll has risen to 80, with two new fatalities reported from Sivasagar district, as eight districts and over 2.12 lakh people remain affected. The state government has announced a six-month moratorium on loan repayments for flood-affected individuals and is seeking a special support package from the Centre.
A Mehsana-based startup, Prime UAV, deployed drones to assist in the evacuation of people stranded due to floods in Dholka, Ahmedabad district. The drones provided surveillance, delivered essential supplies, and supported rescue operations in inaccessible areas, complementing efforts by local administration and the Army.
Here's decoding the fine print so that you know exactly what your health insurance policy covers, what it doesn't and the policy conditions that deserve your attention before you need to make a claim.
Why the industry's public position changed is difficult to say. What the developments did establish, though, is that ethanol-blended petrol has become one of the country's most politically and commercially sensitive policy issues.
The Central Board of Indirect Taxes and Customs (CBIC) announced the implementation of the Eligible Manufacturer Importers (EMI) scheme from April 1, allowing eligible importers to defer customs duty payments.
