Shapoorji Pallonji Mistry's statement will be watched closely against the backdrop of the listing battle as well as the Tata leadership contest, with veto votes being cast over the reappointment of N Chandrasekaran as chairman of Tata Sons for a third term.
India's wheat and rice reserves in Food Corporation of India (FCI) godowns have surged to 604.02 lakh tonnes as of April 1, nearly three times the mandatory buffer requirement, according to official data.
India's forex reserves decreased by $2.119 billion to $723.608 billion during the week ended February 20, according to the RBI.
India's foreign exchange reserves saw a significant drop of USD 5.654 billion, settling at USD 666.933 billion for the week ending June 26, following interventions by the RBI and public appeals by Prime Minister Narendra Modi to conserve forex.
Listing, according to Noel Tata, will fundamentally change how the company and the group have been working over the past 150 years.
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.
Non-resident Indian (NRI) deposit schemes witnessed a staggering 678.2 per cent increase, reaching $36.24 billion in the April-July period of FY27, primarily driven by strong FCNR(B) deposit flows and a concessional swap facility introduced by the RBI.
Assembly by-elections in Madurantakam and Dharapuram will offer an early measure of the TVK's electoral strength and put the dynamics of its new alliance in focus.
The Reserve Bank of India (RBI) has proposed a standard operating procedure (SOP) for banks to implement temporary debit holds on accounts or transactions suspected of being involved in money-mule activity and cyber-enabled financial fraud, with a maximum duration of 60 days.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by value buying in banking stocks and select heavyweight counters, with the Sensex climbing 332.63 points and the Nifty ending above 23,200.
How long can the Cockroach Janta Party remain an agitationist force? asks Saisuresh Sivaswamy.
A letter sent by the Sir Dorabji Tata Trust to Venu Srinivasan, Tata Trusts vice-chairman and nominee director on Tata Sons, a day before the Tata Sons board meeting on September 17, is at the centre of deliberations.
If the new MDR regime is rolled out from the middle of this month, as scheduled, it should count as one of the boldest political actions by the Modi government on an economic-policy issue, and a signal that it is less worried about erosion of political capital it draws from one of its key constituencies, notes A K Bhattacharya.
Indian shooter Esha Singh secured a silver medal in the women's 25m pistol event at the Asian Games, overcoming pain, exhaustion, and five shoot-offs. Her remarkable resilience and fighting spirit were highlighted in a dramatic final, making it India's only individual shooting medal on the day. The article also details the disappointing performances of Manu Bhaker and Rahi Sarnobat, including a costly mishap for Sarnobat.
India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
Former West Bengal Chief Minister Mamata Banerjee has filed a plea in the Supreme Court challenging the Election Commission's interim decision to freeze the Trinamool Congress' name and party symbol. The EC had allotted separate names and symbols to two rival TMC factions ahead of upcoming bypolls, a move Banerjee has strongly criticised as a "black day" for democracy.
Tata Trusts, the majority shareholders of Tata Sons, have proposed merging two operating companies, Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE), with Tata Sons. This restructuring aims to shed Tata Sons' classification as a non-banking financial company (NBFC) and a core investment company (CIC), thereby allowing it to retain its status as an unlisted private company and resolve ongoing disputes regarding its future ownership.
A Delhi court is set to rehear arguments on charges against RJD leader Lalu Prasad Yadav and others in a money laundering case linked to the railways land-for-jobs scam. The case, investigated by the Enforcement Directorate, alleges that land was transferred as bribes for railway jobs during Yadav's tenure as Railway Minister. The proceedings are restarting after a previous judge was transferred.
Finance Minister Nirmala Sitharaman stated that India is likely to sustain economic growth of 7 per cent or more in 2026-27, continuing the pace recorded since the Covid-19 pandemic, despite geopolitical uncertainties and supply-chain disruptions.
Indian rower Salman Khan, who once worked as an Uber driver, has won a historic bronze medal in men's double sculls at the Asian Games. His journey from supporting his family after his father's death to joining the Indian Army and becoming an Asian Games medallist is truly inspiring.
India's forex reserves dropped by $6.71 billion to $717 billion during the week ended February 6, the RBI said on Friday.
Prime Minister Narendra Modi celebrated the Unified Payments Interface (UPI) completing a decade, calling it a major turning point in India's digital payment journey. Launched in 2016, UPI has become the backbone of India's digital payments ecosystem, showing exponential growth in transaction volume and value, and is a key pillar of the Digital Public Infrastructure.
National selectors are set to convene in New Delhi to finalise India's ODI and T20I squads for the upcoming home series against West Indies, with Rishabh Pant's potential white-ball return and Hardik Pandya's fitness being the primary discussion points.
The Supreme Court has questioned the reliability of legislative majority as the sole determinant for political party ownership, especially when disqualification proceedings are pending against the very legislators forming that majority. This query arose during arguments concerning the Shiv Sena faction dispute between Eknath Shinde and Uddhav Thackeray.
Economists widely anticipate the Reserve Bank of India's Monetary Policy Committee will increase the repo rate by 50 basis points, likely split between the October and December meetings, as retail inflation is projected to peak at 6.1 per cent in the third quarter, exceeding the RBI's tolerance limit.
RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.
BJD MP Santrupt Misra has voiced strong concerns over the Centre's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, arguing that the government or large financial institutions could easily absorb the costs of maintaining the digital payment network instead of burdening merchants and consumers.
The Indian rupee experienced its sharpest single-day decline in eight weeks, settling at 94.83 per dollar, primarily due to escalating crude oil prices and persistent risk-off sentiment driven by heightened geopolitical tensions and limited foreign inflows.
Tata Trusts Vice-Chairmen Venu Srinivasan and Vijay Singh challenge a proposed reorganisation of Tata Sons, alleging a lack of trustee consultation and raising concerns about its regulatory and financial implications.
The Supreme Court has refused to grant an interim stay on the imposition of Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000, which is set to take effect from October 15. The court has agreed to examine the challenge to this new fee and has issued notices to the Centre, RBI, and NPCI, seeking their responses within four weeks. A Public Interest Litigation (PIL) argues that the levy lacks statutory safeguards, transparency, and public consultation, and could adversely affect merchants and consumers.
Indian rowers at the Asian Games are contemplating a complaint to the sports ministry over last-minute crew changes, which they claim affected their performance. The Rowing Federation of India president, Balaji Maradapa, stated the changes were necessary due to weather-induced schedule compression and accused a former coach of influencing the players.
Satnam Singh and Salman Khan secured India's first-ever men's double sculls bronze medal at the Asian Games, a significant achievement amidst an otherwise challenging performance by the Indian rowing team. The medal comes despite pre-competition controversy regarding team selections, with the duo forming their partnership just five days before the event.
The Reserve Bank of India (RBI) has introduced new features for India's digital payment ecosystem, including UPI tap-to-pay for PIN-less transactions up to 5,000 and multi-currency capabilities for forex on Bharat Connect, supporting Euro, British Pound, and other major currencies.
The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.
Satnam Singh and Salman Khan secured India's first-ever men's double sculls bronze medal at the Asian Games, a significant achievement amidst an otherwise disappointing performance by the Indian rowing team. The team faced internal controversy regarding last-minute crew changes, which some rowers found disturbing. Despite the challenges, Satnam and Salman's bronze was lauded by the Prime Minister, and their individual journeys highlight their dedication to the sport.
Tilak Varma is emerging as India's potential middle-order backup, offering left-handed batting variety and developing off-spin as selectors seek younger, flexible options ahead of the ODI World Cup.
The Supreme Court has questioned the Election Commission's decision to allot the Shiv Sena's bow-and-arrow symbol to the Eknath Shinde faction, asking if the possibility of denying the symbol to both factions was adequately considered. The court also raised concerns about using legislative majority as a test while disqualification proceedings against MLAs were pending. The Shinde faction argued for the validity of the legislative majority test, citing significant vote share and legal precedents.
RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.
Ibrahim Zadran has been appointed captain of Afghanistan's T20I squad for the upcoming three-match series against India, which will be played in New Delhi. The squad sees the return of fast bowler Naveen-ul-Haq and all-rounder Gulbadin Naib, featuring a blend of experienced players like Rashid Khan and Mohammad Nabi, alongside uncapped wicketkeeper-batter Noor Rahman.
'Election Commissioners are Constitutional authorities and they are not supposed to go to the Cabinet secretary. They are not supposed to write letters. And if they are aggrieved, they should straight go to the President of India.'
