The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
A significant boardroom battle has erupted at Tata Sons, India's largest conglomerate, following the board's decision to proceed with a public listing and extend N Chandrasekaran's tenure as executive chairman, moves opposed by Noel Tata, who represents the majority shareholder Tata Trusts.
Industry is pushing for GST reforms that would let companies use unused tax credits from one state to pay GST liabilities in another, potentially freeing up working capital trapped across state registrations.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
'The issue appears to be less about Chandrasekaran personally and more about the direction Tata Sons should take.'
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
'She was not burdened by the knowledge of her craft and the world. She just was a child till her last days.' 'When she smiled, everybody in the room would light up.'
'Giving up is very easy. But don't give up. Try out whatever you can. Something will happen.'
Finance Minister Nirmala Sitharaman has called for enhanced accountability and safeguards for artificial intelligence, particularly as it integrates into critical sectors like finance. Speaking at the Global Fintech Fest, she highlighted the dual nature of AI, capable of accelerating transactions but also amplifying fraud and cyberattacks. Sitharaman stressed the need for human and institutional responsibility in AI-driven decisions, urging regulators and companies to scrutinise high-risk AI applications. She also proposed a federated industry platform for Indian tech companies to navigate international regulations and ensure tax compliance globally.
Finance Minister Nirmala Sitharaman criticised commentators who express pessimism about India's demographic dividend, asserting that the country's youth are actively driving economic growth and innovation. She also highlighted the dual nature of AI and the need for robust safeguards in emerging technologies like quantum computing to balance innovation with safety.
S&P Global Ratings has affirmed India's sovereign credit rating at 'BBB' with a stable outlook, citing the country's dynamic and fast-growing economy, strong external balance sheet, and stable institutions that ensure policy predictability.
A new report, the Digital Credit and Inclusion Index (DCII) 2026, reveals that Tier-2 cities are spearheading digital credit adoption in India. The study, a collaboration between Pahle India Foundation and Amazon Pay, highlights that salaried women are borrowing more than men and that digital credit is primarily used for consumption, with limited productive use.
It's not about how much you earn -- it's about how you borrow and repay.
Fintech giant PhonePe has launched 'PhonePe UPI 123Pay', a new service enabling UPI transactions for feature phone users without requiring an internet connection. This initiative aims to bring digital payment capabilities to over 200 million feature phone users, promoting financial inclusion across India.
Investors should cap gold allocation at 10-15 per cent and consider staggered purchases through gold ETFs.
A third generation murtikar and probably one of the first in her family, Manaswi Bagwe, a self-taught sculptor, is quietly pushing the boundaries of idol-making.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
BAFs seek to offer a smoother experience across market cycles, not the full upside of a bull market.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
BRICS leaders, in their New Delhi Declaration 2026, have called for wider access to Artificial Intelligence resources and stronger international cooperation to ensure the technology is safe, secure, inclusive, and reliable. The declaration outlines a broad technology agenda covering AI, cybersecurity, digital public infrastructure, telecom, quantum technologies, and advanced manufacturing, committing to implement the grouping's statement on 'Global Governance of Artificial Intelligence'.
Retirement planning is not a test of how smart you are; it is a test of how well you control your behaviour.
The income-tax department has launched a significant verification drive targeting 394 entities and 36 professionals over suspected irregularities in substantial foreign remittances made over the past three years, aiming to uncover potential tax evasion and fraudulent transactions.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
'With factories starting early for the next season, fresh sugar will enter market 10-15 days earlier than usual, and sugar price are expected to remain affordable in near term.'
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
Coforge Chairman O P Bhatt has abruptly resigned from the IT firm after an internal audit raised concerns over the handling and presentation of a 'board evaluation report' to the board, with the company asserting the move will not impact its financial or operational performance.
'The changes in its leadership team will help address the scepticism that has engulfed the bank over the recent period.'
The Reserve Bank of India (RBI) has prematurely closed its swap facility for foreign currency non-resident (bank) deposits, FCNR(B), one month ahead of schedule, after banks mobilised $52.3 billion under the scheme by August 13, indicating sufficient foreign currency reserves.
Tata Sons has the balance sheet to support them, for now.
India's economy recorded a robust 7.8 per cent growth in the April-June quarter of fiscal year 2026-27, surpassing both market expectations and the Reserve Bank of India's forecast. This strong performance positions India as the world's fastest-growing major economy, demonstrating resilience despite global economic uncertainties and geopolitical tensions, including the conflict in Iran. The Ministry of Statistics and Programme Implementation highlighted the sustained growth momentum amidst global headwinds.
Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.
'The ethanol blended with petrol programme should not be halted or reconsidered.' 'India is not experiencing a structural sugar shortage, and the ethanol blending roadmap does not compete with food security or drive domestic price increases.'
Subhash Chandra hoped that the lenders would discuss the matter with the borrowers, reconcile the outstanding accounts, and get paid by the borrowers.
Union Finance Minister Nirmala Sitharaman announced the government's plan to establish a high-powered committee to examine reforms for the banking sector, aligning it with the vision of a 'Viksit Bharat' (Developed India) and India's next phase of growth.
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.
Net inflows into smallcap funds surged 39 per cent M-o-M to a record Rs 7,768 crore, while midcap fund inflows rose marginally to Rs 6,192 crore.
'There is mis-alignment in strategic thinking of the board and management.' 'As the business environment and customer behaviour evolve rapidly, boards are increasingly looking for leaders who can bring new ideas and challenge legacy approaches.'
