The Supreme Court has directed the Central Bureau of Investigation (CBI) to examine all six allegations of financial irregularities levelled by the Enforcement Directorate against Sameer Gehlaut, former chairperson of Indiabulls Housing Finance (IHFL), and five corporate groups, following repeated criticism of investigating agencies for lack of progress.
China has cancelled drone shows and suspended drone flights across several provinces following a small plane crash in Beijing that raised significant security concerns, especially near top leadership compounds. This move signals a tightening of low-altitude aviation regulations, impacting the burgeoning "low-altitude economy" and civilian drone use, with new laws classifying illegal drone use as a public security threat.
Security forces in Jammu and Kashmir launched extensive search operations in Kathua and Poonch districts following the sighting of a Pakistani drone near the International Border and inputs about suspected terrorist movement. An old mortar shell was also recovered in Kathua.
'The prohibition regime has been accompanied by concerns regarding the expansion of the illicit liquor trade, increased enforcement challenges and corruption, and the growing use of alternative intoxicants, including illicit drugs.'
The Delhi government is set to introduce a comprehensive drone policy aimed at creating over 1,000 jobs and regulating drone operations. The policy will focus on establishing research clusters, flight testing facilities, and providing subsidies, while also addressing drone usage for government purposes like traffic management and surveillance, considering the city's extensive 'no drone zones'.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
Karnataka Chief Minister D K Shivakumar met with AI major Anthropic to discuss a long-term partnership aimed at accelerating AI adoption across governance, education, healthcare, research, and the state's startup ecosystem. The collaboration focuses on deploying AI solutions responsibly, ensuring data privacy, and developing AI-focused skilling programmes and an AI University.
India's largest IT firm, TCS, has received threat-intelligence alerts regarding a potential leak of 'basic' employee data, but the company asserts there is no indication of customer data or operational systems being affected.
Researchers at IIT-ISM Dhanbad have been granted an Indian patent for an electrochemical reactor designed to recover copper from industrial wastewater. This innovative technology offers an environmentally sustainable solution for resource recovery and wastewater treatment, particularly benefiting the mining and metallurgical sectors.
FICCI FLO and UP BJP MLA Rajeshwar Singh are collaborating to train 100 women as 'drone pilots' in Lucknow. This initiative aims to provide employment and entrepreneurship opportunities in the burgeoning drone economy. The announcement was made at an event where MLA Singh also highlighted his efforts in public grievance redressal and establishing women's empowerment centres in his constituency.
Leading Fast-Moving Consumer Goods (FMCG) companies in India are expressing strong optimism for the current fiscal year, anticipating robust consumption trends, significant growth, and improved profit margins. This positive outlook is largely driven by resilient demand and the expected easing of elevated input costs, despite ongoing inflationary pressures and potential weather volatility.
India's overall unemployment rate for individuals aged 15 and above decreased to 5.1 per cent in July 2026, down from 5.5 per cent in June 2026, according to the latest Periodic Labour Force Survey (PLFS) by the National Statistics Office (NSO).
DIIs invested $22.8 billion in Indian equities in Q2CY26.
Indian benchmark indices, Sensex and Nifty, closed lower, primarily due to a downturn in banking and financial stocks, coupled with crude oil prices remaining above USD 80 per barrel. Geopolitical uncertainties and new regulatory proposals for the non-bank lending sector also contributed to cautious investor sentiment.
Commercial vehicle manufacturer Tata Motors Ltd reported an impressive 83 per cent increase in consolidated net profit, reaching Rs 2,556 crore for the first quarter ending June 30, primarily boosted by a significant mark-to-market gain on investments in Tata Capital Ltd.
Chandigarh police on Saturday used tear gas shells and water cannons to disperse protesters who tried to breach barricades during a march towards Punjab Governor Gulab Chand Kataria's residence, seeking the release of Sikh prisoners, including Jagtar Singh Hawara, who is serving a life sentence for the assassination of then Punjab chief minister Beant Singh in 1995.
Security forces in Jammu recovered a suspected drone near the Line of Control in the Akhnoor sector. The drone, believed to be from Pakistan, bore 'Made in China' markings, prompting a search operation and investigation.
The US Senate has overwhelmingly approved a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to punish Russia and its major petroleum product buyers, including China and India. The legislation allows the US President to impose 100 per cent tariffs on goods from the top five importers of Russian oil and gas, and also extends sanctions on Iran's energy sector. The bill, championed by the late Senator Lindsey Graham, now moves to the House of Representatives for further approval.
Javelin thrower Neeraj Chopra and badminton legend Pullela Gopichand have launched the Indian School of Coaching Excellence (ISCE), an initiative designed to strengthen India's sports coaching landscape.
A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.
India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.
State Bank of India (SBI) is extensively using artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans and automate the processing of cheques up to Rs 10,000. This AI adoption aims to enhance efficiency, free up employee bandwidth, and improve customer service across various banking functions.
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
Prime Minister Narendra Modi has highlighted the risks posed by the 'weaponisation' of resources and strategic sea routes, urging India to achieve greater self-reliance in energy to mitigate vulnerabilities to overseas supplies and geopolitical tensions.
India's manufacturing sector activity growth declined to a five-year low in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 53.5 from 54.2 in June, driven by a slower rise in new business orders and challenging market conditions.
A top SBI official has highlighted the challenges bankers face in lending to MSMEs using only GST data, advocating for the integration of alternative data sources like power consumption and telecom records through credit bureaus to improve credit assessment.
A PwC India report highlights that the competitiveness of India's industrial manufacturing sector hinges on the seamless integration of Artificial Intelligence (AI) into business strategies and operations. The report indicates that a significant majority of Indian manufacturers view AI as crucial for achieving strategic goals and are accelerating automation across various functions to build intelligent enterprises and gain sustainable competitive advantage.
India is currently examining Bangladesh's request for the extradition of former prime minister Sheikh Hasina, who has been living in India since her government's collapse in August 2024, with New Delhi confirming the issue is being processed according to established procedures.
Union Power Minister Manohar Lal Khattar announced the Centre's readiness to release Rs 6 crore to Mizoram to strengthen its power sector. The announcement came during a meeting with BJP leaders in Aizawl, where issues concerning Mizoram, including pending central funds and housing schemes, were discussed.
'It is not because of the war in West Asia, which began on February 28.' 'Petroleum product prices are already going through the roof. They are bound to have a serious inflationary impact.' 'A country's leadership is tested in trying times. It is here that the current leadership is failing.'
Fitch Ratings forecasts a 9 per cent aggregate revenue increase for rated Indian corporates in the current fiscal year (FY27), a stronger outlook compared to the 5 per cent estimated for FY26, which is expected to keep credit metrics stable despite potential global and domestic challenges.
After four consecutive months of withdrawals, Foreign Portfolio Investors (FPIs) injected Rs 20,200 crore into Indian equities in July, driven by attractive valuations, improving corporate earnings, and a more favourable global environment.
The Bureau of Indian Standards (BIS) is preparing to significantly increase its silver jewellery testing capabilities and expand its national laboratory network, driven by a shift in consumer demand from gold to silver and a broader push for enhanced product certification and surveillance.
Bharti Airtel's first-quarter (April-June/Q1) performance for 2026-27 (FY27) surpassed estimates across most metrics, fuelled by robust growth in both its India and Africa operations, with significant increases in average revenue per user (Arpu) and subscriber additions.
The Gujarat government has imposed a state-wide ban on the production, transportation, and sale of unstandardised analogue paneer, cheese, and butter. Citing public health concerns and the need to protect consumers and the dairy sector, the decision follows detections of substandard artificial dairy products during inspections. Legal action will be taken against violators.
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
Premature surrender and withdrawal of life insurance policies in India have surpassed maturity payouts over the past five years, indicating a growing trend of policyholders exiting long-term policies before their full tenure, according to data presented in the Lok Sabha.
The Congress party has accused the Modi government of creating a "deep crisis" in India's job market due to its "flawed" economic and employment policies. Citing a media report on a 27% decline in new jobs at major companies, the opposition party stated that the government is engaged in "headline management" and "politics of distraction" instead of addressing the youth employment crisis.
Former Indian Army Chief General Vishwa Nath Sharma, who led the Army from 1988 to 1990 and was a veteran of the 1965 Indo-Pak War, has passed away at the age of 96. He was a highly decorated officer, receiving the AVSM and PVSM, and came from a distinguished military family, being the younger brother of India's first PVC awardee, Major Som Nath Sharma.
The Reserve Bank of India's concessional swap facility, designed to boost foreign currency inflows, has successfully attracted USD 40.82 billion by July 31, 2026, with a significant portion coming from Foreign Currency Non-Resident (Bank) deposits.
