Divestment has emerged as a priority for the government following a moderation in direct tax collections.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
'It shows that access to these technologies cannot be taken for granted.'
Indian startup funding plummeted by 43 per cent year-on-year to $7.81 billion between March 1 and June 15, 2026, largely due to the West Asia conflict, which has amplified global risk perceptions, tightened liquidity, and led to rupee depreciation, making global investors cautious.
'You can't put an an arm around Naseer sir and say, "sir, ek aur take karte hain". You got to be clear why you want it.'
India possesses two months of fuel stockpiles and faces no supply concerns despite global energy disruptions, according to Oil Minister Hardeep Singh Puri. However, state-run fuel retailers are incurring losses of up to Rs 1 lakh crore in a single quarter due to elevated crude prices and unchanged retail fuel prices, raising questions about the sustainability of these losses.
Nebex, founded by former Axiom Space executives, aims to build commercial infrastructure for the global space economy.
Nayara Energy, India's largest private fuel retailer, has reduced petrol prices by Rs 5 per litre and diesel by Rs 3 per litre nationwide, marking the first such cut in over two years. This reduction follows easing tensions in West Asia and stabilised international crude oil prices, though public sector retailers have not yet followed suit.
Meta's new Muse Image AI generator, which can create AI images from public Instagram accounts without explicit consent, has sparked significant privacy concerns and criticism over its 'opt-in-by-default' approach, raising fears of deepfakes and online impersonation.
The best time to buy health insurance is when you don't think you need it.
Beijing clearly intends to extend the China-Myanmar Economic Corridor to Bangladesh as part of its larger Maritime Belt and Road Initiative to boost its Indian Ocean presence.
Infosys co-founder Nandan Nilekani stated that artificial intelligence will amplify, not replace, IT firms, projecting a massive USD 400 billion AI-first services opportunity by 2030. Addressing shareholders, he highlighted Infosys's readiness to help clients navigate enterprise AI complexities and capitalise on the structural shift in technology.
A light sport aircraft crashed into Beijing's Citic Tower, the city's tallest skyscraper, prompting immediate evacuations. The incident occurred despite stringent airspace regulations in the Chinese capital, with details on casualties and the aircraft's origin still unclear.
AIFF and ISL clubs have reached a landmark agreement that hands commercial rights to clubs while the federation retains regulatory control, paving the way for a club-led Indian Super League from the 2026-27 season.
India's electric vehicle market is experiencing an unprecedented boom with a 37 per cent increase in new entrants, driven by supportive policies and infrastructure.
Amazon CEO Andy Jassy met Prime Minister Narendra Modi and announced the company's intention to invest an additional USD 13 billion in India by 2030, focusing on expanding AI and cloud infrastructure.
In a hit-and-run case, a scooter rider was killed after being struck by a Mercedes car in northwest Delhi's Jahangirpuri area, the police said on Tuesday. The driver of the luxury car was arrested on Tuesday in connection with the accident that took place on July 5 near the foot overbridge at the Jahangirpuri Bus Stand on the Outer Ring Road.
The Indian government has issued a notice to Telegram, demanding a crackdown on the widespread dissemination of pirated films and OTT content. The Ministry of Information and Broadcasting seeks an Action Taken Report within 15 days, emphasizing a shift towards platform accountability for copyright infringement, which is deemed a criminal offence.
A major fire at a naphtha pipeline in Haldia, West Bengal, injured over 10 people and damaged railway equipment, disrupting services. Firefighting operations are ongoing, and an investigation into the cause has been launched.
If you have ever said 'I'll sort retirement later,' now is when 'later' begins.
One 97 Communications, operating as Paytm, announced that its subsidiary, Paytm Europe Payments, has secured a payment institution licence from Luxembourg's financial regulator, CSSF, effective July 2, 2026. This licence permits services like execution of payment transactions, credit transfers, and acquiring payment transactions, marking a significant step in Paytm's European expansion strategy, supported by a recent 9 million euro investment from Paytm Cloud Technologies Limited.
The Maharashtra government has confirmed that Mumbai's first desalination project is moving forward, with a work order issued and key clearances secured. This 200 MLD project, undertaken by the BMC, aims to address the city's growing water demand and will result in a minor tariff hike of 15-17 paise per litre.
Kunal Shah, founder of CRED, has been appointed global head of WhatsApp, joining a growing list of Indian-origin executives leading major technology companies worldwide. This trend underscores the increasing demand for Indian talent in strategic leadership roles across Silicon Valley.
A landslide in Maval tehsil, Pune district, has buried a house, with three family members feared trapped. Rescue operations are underway by NDRF and police, while heavy rainfall has also caused waterlogging and partial closure of the Mumbai-Pune Expressway.
One person died, and more than 20 others were injured after a major fire broke out in a naphtha-carrying pipeline of Haldia Petrochemicals Ltd (HPL) in West Bengal's Purba Medinipur district in the early hours of Tuesday, the police said.
Hyderabad-based SETL, a precision engineering company, has acquired a 51% majority stake in GScale Energy Private Limited, an AI Datacenter Engineering infrastructure specialist. This strategic move involves an initial investment of Rs 190 crore, with a total commitment of Rs 500 crore, marking SETL's expansion into the rapidly growing AI Datacenter sector and leveraging its expertise from pharmaceutical and chemical industries.
Adani Group Chairman Gautam Adani announced a capital expenditure programme of over 2 trillion for Adani Power, aiming for 45 gigawatts (Gw) capacity in five years, including a significant entry into nuclear power with a target of 10 Gw by 2035 through Adani Atomic Energy.
Maharashtra Chief Minister Devendra Fadnavis has ordered probes into multiple allegations of sexual harassment and forced religious conversion at a Spanish multinational in Pune, a government-run ITI in Solapur, and a TCS unit in Nashik. The CM highlighted a pattern of such incidents in corporate firms and suggested forming a panel of women legislators to review existing laws and recommend improvements.
A viral Rs 370 biryani debate has reignited an age-old dating question. Should the man pay, should couples split the bill or does it depend on the situation? We asked Gen Z and dating experts.
'The main problem the country faces is not low GDP growth, but low employment growth.'
Early data from the World Cup indicates that sportswear giant Adidas is currently gaining a significant advantage over rival Nike in brand visibility and sales. Adidas, an official sponsor, is seeing a substantial surge in apparel spending and foot traffic, particularly driven by jersey sales. While Nike's business is also growing, it is being outpaced by Adidas, which appears to have a more resonant product offering. Nike, facing declining market share and intense competition, is relying on the World Cup for a boost, though its footwear presence remains strong.
The launch highlights the growing maturity of India's nuclear medicine ecosystem.
The government will lift restrictions on the sale of petrol and diesel to commercial and industrial consumers from July 1, easing emergency measures imposed to manage fuel supplies.
The planned India-Japan annual summit, featuring Japanese PM Sanae Takaichi and Indian PM Narendra Modi, has been moved from Guwahati to New Delhi due to logistical issues and Takaichi's tight schedule. The summit, scheduled for July 1-3, aims to boost bilateral ties with discussions on investment, supply chain deals, energy resilience, and strategic oil reserves, accompanied by a delegation of 50 Japanese companies.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
A 28-year-old newlywed Delhi woman, Akriti Sutar, who died after allegedly falling from a building, had hoped that returning to work and earning money would help her gradually end the dowry-related taunts and abuse she faced at her matrimonial home, her brother revealed.
The government has issued a stern notice to Meta on Child Sexual Exploitative and Abuse Material (CSEAM) in paid advertisements on Instagram, sources said on Sunday.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
Prime Minister Narendra Modi and Indonesian President Prabowo Subianto have significantly advanced the India-Indonesia Comprehensive Strategic Partnership, securing crucial agreements on defence, critical minerals, and maritime security, including BrahMos missile supply and Sabang port development.
