HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.
The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.
Veteran commentator Harsha Bhogle has raised concerns over the appointment of 15-year-old Vaibhav Sooryavanshi as East Zone's vice-captain for the Duleep Trophy, citing his limited red-ball experience, while selectors defend the decision as a long-term learning opportunity.
"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.
The Reserve Bank of India (RBI) has issued amended directions for bank boards, effective October 1, 2026, to rationalise agenda items and enable more focused engagement on strategy and risk governance, while explicitly defining matters reserved for board approval and periodically reviewing delegated powers.
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.
S&P Global Ratings projects India's economic growth to slow to 6.6 per cent in FY27, down from 7.7 per cent in FY26, citing energy stress and a potential sub-par monsoon.
Clashes erupted during the first phase of legislative assembly elections in Pakistan-occupied Kashmir (PoK), with the banned Joint Awami Action Committee (JAAC) claiming 14 deaths, a figure disputed by law enforcement. India condemned the elections as an attempt by Pakistan to legitimise its illegal occupation and human rights abuses in the region, while ongoing JAAC protests highlight deep-seated grievances.
India's net foreign direct investment (FDI) surged more than fourfold to $6.58 billion in April 2026, driven by a significant increase in equity inflows and reduced repatriation by foreign investors, according to the Reserve Bank of India (RBI).
World Championships medallist Vinesh Phogat announced that women wrestlers will appeal a Delhi court's decision to acquit former Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh and co-accused Vinod Tomar in a sexual harassment case. Phogat expressed deep sadness over the verdict and alleged that Singh used his influence to intimidate complainants, but affirmed the wrestlers' resolve to continue their fight for justice.
Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.
A nine-judge Supreme Court bench has reserved its order on petitions related to discrimination against women at religious places, including the Sabarimala temple, and the scope of religious freedom.
US Federal Reserve Chairman Kevin Warsh has picked former RBI governor Raghuram Rajan, Harvard University economics Professor Raj Chetty and Microsoft XBOX CEO Asha Sharma to be part of task forces constituted to examine the central bank's approach to monetary policy and propose transformational changes.
The Brazilian Football Confederation (CBF) is in advanced negotiations to bring its national football team to Kolkata, India, for a friendly match in early October, marking a significant event for the region's large Brazilian fan base.
Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan
Prime Minister Narendra Modi on Friday expressed concern over the repeated disruptions of parliamentary proceedings, stating that due to the turmoil in the House, the country has been unable to listen to the talented MPs elected in recent times.
India's forex reserves increased by $392 million to $687 billion during the week ended January 9, the Reserve Bank of India said on Friday.
Karnataka Governor Thaawarchand Gehlot has suspended KPSC Chairman Shivashankarappa S Sahukar following allegations that he facilitated the illegal selection of his two daughters as Industrial Extension Officers. The Governor has also recommended to the President that the matter be referred to the Supreme Court for an inquiry under Article 317(1) of the Constitution.
The Delhi High Court has reserved its verdict on petitions filed by riders Anush Agarwalla and Sudipti Hajela, who challenged their exclusion from India's dressage team for the upcoming Asian Games. The athletes appealed a single judge's earlier decision that upheld the Equestrian Federation of India's selection process. The court heard arguments from all parties, including the EFI, which maintained that the best riders were selected and opposed external interference.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
The Indian government and opposition are preparing for a contentious Monsoon Session of Parliament, with key issues including the Constitution Amendment Bill on delimitation and women's reservation, the alleged NEET paper leak, and a row over Ram temple donations set to spark heated debates.
The Jharkhand High Court has reserved its order in the criminal appeal filed by Rahul Verma and Lakhan Verma, who were convicted for the murder of Dhanbad Judge Uttam Anand. The incident occurred on July 28, 2021, when an autorickshaw hit Anand during his morning walk.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
India's forex reserves jumped by $8 billion to an all-time high of $709 billion during the week ended January 23, the RBI said on Friday.
Ajinkya Rahane, known as 'Jinx', has retired from international cricket at 38, leaving behind a legacy of quiet resolve, exceptional captaincy, and crucial innings that often came when India needed them most.
Prime Minister Narendra Modi announced that Parliament is on the verge of creating 'new history' by amending the Women's Reservation Act this week, ensuring its implementation by 2029. He highlighted the unanimous passage of the law in 2023 and the collective demand for its early enforcement.
India's forex reserves declined $4.47 billion to $688.104 billion during the week ended November 21 due to a steep decrease in the value of gold reserves, the RBI said on Friday.
Two days after a 36-day student agitation concluded at Jantar Mantar, the iconic protest site in New Delhi is already witnessing new demonstrations, including calls for Gorkhaland and women's reservation, alongside curious visitors documenting the aftermath.
Indian benchmark indices, Sensex and Nifty, closed higher, primarily driven by bank stocks and encouraging US inflation data, which fuelled expectations of a less aggressive Federal Reserve monetary policy. However, escalating US-Iran hostilities tempered investor sentiment, leading to some profit-taking.
Indian equestrian Anush Agarwalla secured second place at the CDI1 Prix St. Georges in Germany with a score of 70.147%. This impressive performance comes as he challenges his exclusion from the Indian dressage team for the 2026 Asian Games in the Delhi High Court, despite being India's highest-ranked dressage rider and a past Asian Games medallist.
The Supreme Court of India has dismissed a review petition challenging its earlier verdict that a person from a Scheduled Caste (SC) community loses their SC status upon converting to a religion other than Hinduism, Sikhism, or Buddhism, effective from the moment of conversion.
The Supreme Court has granted bail to two alleged Indian Mujahideen operatives, Mohd Saquib Ansari and Waqar Azhar, who have been in custody since 2014, citing a "grossly violative" right to liberty due to the extremely slow trial progress and no prospect of an early conclusion.
A special fast-track court in Guwahati has reserved its order on the bail application of Shyamkanu Mahanta, a key accused in the Zubeen Garg death case, with the decision expected on April 30.
India's remittance inflows have remained robust despite the West Asia conflict, driven by precautionary transfers and diversification of remittance sources, with bankers expecting continued stability for the year.
The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.
'The share of the private sector is at its all-time high of around Rs 42,000 crore in FY26, reflecting its expanding role in the defence ecosystem.'
Governor: Simplistic narrative, questionable historical accuracy, underwhelming production quality, notes Sukanya Verma.
Opposition leaders have sharply criticised Prime Minister Narendra Modi's appeal to 'forgive' young protesters who used abusive language, accusing him of deflecting from issues of alleged police action and a 'broken education system'.
Bollywood has captured the essence of India's youth activism and student protests, from fighting corruption in Yuvaa to demanding accountability in Rang De Basanti.
Analysts predict that the US-Iran geopolitical conflict, upcoming quarterly earnings announcements, and fluctuations in crude oil prices will be the primary drivers of investor sentiment in the Indian equity markets.
