Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
OpenAI has appointed Prabhjeet Singh as its Managing Director for India, a key market for the AI company. Singh, formerly President of Uber India and South Asia, will oversee consumer growth, enterprise adoption, partnerships, and regulatory engagement, reinforcing OpenAI's commitment to India's rapidly expanding AI ecosystem.
Focus on a few basic topics so that you can solve medium-to-difficult questions on them, suggests MBA expert and rediffGURU Patrick Dsouza.
The Sports Authority of India (SAI) has signed a Memorandum of Understanding (MoU) with Japan's University of Tsukuba to facilitate specialised training and exchange programmes for Indian athletes, coaches, and sports scientists. This partnership aims to enhance cooperation in various sports-related fields and boost India's international competitiveness, especially in disciplines like athletics, archery, table tennis, swimming, and judo.
A three-day 'AI Champions for Digital Governance' programme has commenced in New Delhi, hosted by ITDC, SCOPE, and LBSNAA. The initiative aims to train senior leadership and operational teams in applying artificial intelligence within public sector organisations, aligning with the IndiaAI Mission. Experts highlighted AI's role in improving efficiency, productivity, and public service delivery, while also emphasising responsible adoption and data quality. The programme seeks to build an AI-ready nation and contribute to India's vision of future-ready governance systems.
A three-day 'AI Champions for Digital Governance' programme has commenced in New Delhi, hosted by ITDC, SCOPE, and LBSNAA. The initiative aims to train senior leadership and operational teams in applying artificial intelligence within public sector organisations, aligning with the IndiaAI Mission. Experts highlighted AI's role in improving efficiency, productivity, and public service delivery, while also emphasising responsible adoption and data quality. The programme seeks to build an AI-ready nation and contribute to India's vision of future-ready governance systems.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has invited applications for the first Chief Executive Officer (CEO) of the Ram temple in Ayodhya. This new position aims to strengthen administrative and financial management following alleged embezzlement concerns. The CEO will be appointed for a three-year term, overseeing various aspects from finance to pilgrim facilities, and must be an actively practising Hindu with specific managerial experience.
Jharkhand Assembly Speaker Rabindra Nath Mahato has called for the formulation of a more effective and stringent policy to curb cybercrimes, fraud, and digital scams. He highlighted the dual nature of artificial intelligence, which simplifies life but also presents serious challenges through misuse. Various experts and MLAs at a workshop emphasised the importance of cybersecurity education, personal digital responsibility, and empowering legislators to strengthen institutional resilience against cyber threats.
Mixed-use real estate projects, integrating residential, commercial, retail, and hospitality segments, are gaining significant traction in India as developers seek to maximise returns, optimise land use, and diversify cash flows, with experts predicting 35-40% of urban real estate supply will be mixed-use by 2030.
Police in Pune have registered a case against two officials of Antony Lara Renewable Energy Pvt Ltd following the collapse of a three-storey building at a waste-to-energy project, which resulted in nine deaths. The officials are booked for culpable homicide and negligence, as preliminary inquiries suggest a lack of safety measures despite heavy rains and the proximity of a large waste mound. The Maharashtra government has formed a high-level technical committee to investigate the incident and recommend preventive measures.
Young adults in India are increasingly grappling with high blood pressure, a condition once thought to affect mainly the older demographics. Cardiologists point to sedentary lifestyles, obesity, chronic stress and unhealthy diets as primary drivers of this silent epidemic.
Mohun Bagan Super Giant has appointed Greek tactician Panagiotis Dilmperis as their new head coach on a one-year contract. Known for his attacking yet balanced style and ability to blend youth with experience, Dilmperis aims to build a disciplined and courageous side to compete for all trophies, acknowledging the high expectations and the significance of the Kolkata Derby.
90 per cent of institutions recorded no improvement in international student metrics, despite government initiatives such as the Study in India programme, UGC regulations on internationalisation, and efforts to attract foreign students.
Foreign investors have largely been exiting one part of the market while domestic investors have been enthusiastically accumulating another, points out Debashis Basu.
General Dhiraj Seth has been appointed as the new Chief of the Army Staff, taking command of the 1.3 million-strong Indian Army. He brings nearly four decades of extensive experience, including commanding two operational Army commands along the western front, and will lead the force in its pursuit of self-reliance and readiness amidst dynamic global geo-strategic challenges.
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.
Morocco's impressive rise in global football is uniquely funded by its vast phosphate reserves, with the state-owned OCP Group investing heavily in national team development. This strategic investment, driven by a royal directive, supports training academies and infrastructure, contributing to the nation's recent successes like reaching the 2022 World Cup semi-finals and hosting the 2025 Africa Cup of Nations. The country's abundant phosphate resources provide a stable economic base for these ambitious sporting endeavours.
The Indian corporate bond market witnessed a significant surge, with companies raising nearly Rs 16,000 crore in a single day, primarily led by state-owned financial institutions and NBFCs. This strong momentum, driven by improved borrowing conditions and investor confidence, is expected to persist.
Indian stock markets are set to be influenced by developments in US-Iran negotiations, crude oil prices, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.
The Supreme Court is set to hear a batch of petitions on July 13 seeking a fair and time-bound probe into the alleged embezzlement of donations at the Ram temple in Ayodhya, with petitioners requesting a CBI investigation and a CAG audit of the temple trust's finances.
As a part of Rediff's CAT 2026-prep series, MBA expert Patrick D'souza explains how you can maximise your preparation and complete your syllabus by August 2026.
The Indian government has officially refuted social media claims regarding a leak of the UPSC Civil Services Preliminary Examination question paper. The Press Information Bureau's Fact Check wing labelled these allegations as "fake," clarifying that an institute's backdated answer key explanations were misinterpreted, not indicative of a leak.
CAT expert Patrick Dsouza tells you how to modify your study time and strategy to be ready for the Common Admission Test 2026.
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.
IT stocks had their worst first half fall in decades, with the Nifty IT index declining 31% in the January-June 2026 period, its biggest decline in the first six months of a calendar year since 2003.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
Hyundai Motor India Ltd (HMIL) announced plans to make Tamil Nadu its 'flagship EV hub for India', committing over 26,000 crore in investment, enhancing localisation, and creating approximately 2,000 additional jobs over the next five to six years. The company will roll out two new EV models from its Chennai facility this year, including its first mass-market dedicated EV.
Despite current headwinds, India remains the world's fastest-growing major economy and should not allow near-term challenges to obscure its long-term growth potential, said Jane Fraser, Citi Chair and Chief Executive Officer.
'The real shock is going to be from a deficient monsoon.'
Mumbai's KEM Hospital has placed MBBS student Sejal Pawar on compulsory leave for 15 days following her controversial remarks about male cadavers during a stand-up comedy show. The hospital has initiated a detailed inquiry, forming a five-member committee to investigate the matter, which sparked widespread social media outrage.
Lt Gen Dhiraj Seth, currently the Vice Chief of Army, has been appointed as the next Chief of the Army Staff, taking over from Gen Upendra Dwivedi on June 30. He brings nearly four decades of distinguished military experience, having commanded various formations and held key strategic appointments.
The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.
Few leaders since Independence have been able to establish such a direct connection with the electorate or shape the national conversation to the extent that Narendra Modi has done over the past decade, points out former Union minister Dr Karan Singh.
In the remote tribal village of Pahadpur, preparations are in full swing as it looks to script history.
Graphite electrode maker TACC has signed an initial agreement with the Institute for Functional Intelligent Materials to collaborate in the fields of advanced materials science, nanotechnology, and related disciplines.
IIM Indore will conduct a study on teenage cricket sensation Vaibhav Sooryavanshi to understand the impact of early fame and pressure on child prodigies.
Mr Pradhan is not an especially charismatic leader or a brilliant orator, but his understanding of realpolitik and organisational dynamics makes him the ultimate party man, points out Aditi Phadnis.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
The Delhi Gymkhana Club, a historic landmark in Lutyens' Delhi, is facing eviction as the government seeks to reclaim its land for defence infrastructure, raising concerns about the future of this elite institution.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
