The government introduced the SHANTI Act, 2025, to support the mission and open the sector to private participation.
Equitas Small Finance Bank (SFB) Managing Director and CEO P N Vasudevan stated, "We may end up applying within a year" for a universal banking licence, while also targeting a nearly threefold increase in advances to Rs 1.2 trillion over the next five years.
"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.
In a unique Kerala wedding, twin brothers married twin sisters, with the entire ceremony, including officiating priests and altar boys, featuring multiple sets of twins.
'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'
In her address to the nation on the eve of the country's 80th Independence Day, the president stressed that just as government and society remain united to ensure national security, everyone must contribute through joint and concerted efforts to safeguard the present and future of students.
Change of guard in some states and evolving El Nino dynamics are triggering fresh actions on raging water-sharing disputes in several states.
Indian benchmark indices Sensex and Nifty saw gains in early trade, driven by a decline in crude oil prices due to easing geopolitical tensions in West Asia and strong buying interest in the IT sector.
India's mining sector is shifting from sustainability compliance to a data-driven model focused on long-term performance, driven by evolving ESG regulations and digital compliance, according to a Deloitte-ICC report.
The Indian government has approved the introduction of one billion polymer banknotes in Rs 10 and Rs 20 denominations for field trials, aiming to enhance durability. This move comes as the Finance Minister also addressed Parliament on declining retail inflation, GST reforms, and other fiscal measures taken to support the economy and household consumption.
India is projected to attract between $80 and $85 billion through the Reserve Bank of India's (RBI) concessional swap facility, designed to boost foreign currency inflows, according to an SBI research report.
'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'
Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.
The Reserve Bank of India (RBI) has maintained its benchmark policy rate at 5.25 per cent for the fourth consecutive meeting, prioritising clarity on inflation trends, particularly concerning energy costs and geopolitical developments.
Electric vehicle retail sales in India reached a new monthly record of 3,27,901 units in July, marking a 66 per cent increase over the previous year, with nearly one in eight vehicles retailed now being electric.
A Zero FIR has been registered in Noida against a woman, Ruchika Singh, for allegedly using abusive language against Prime Minister Narendra Modi during a protest at Jantar Mantar in New Delhi. The complaint, filed by Smriti Singh, alleges that the accused hurt the dignity of the constitutional office and intended to spread hatred. The case, registered under sections of the Bharatiya Nyaya Sanhita, will be transferred to New Delhi for further investigation. The incident occurred during the Cockroach Janta Party's protests against competitive examination paper leaks, which led to the education minister's resignation.
A Goldman Sachs report indicates that up to 12% of India's non-agricultural workforce is at risk of substitution by generative AI, while 42-48% could be complemented. The report highlights uneven impacts across sectors and job types, with IT-enabled services facing higher risk and physical tasks remaining less affected. Gen-AI is projected to boost India's labour productivity growth over the next decade.
The Cockroach Janta Party (CJP) announced a 'kya bolti public' campaign to connect with citizens across India, understand their issues, and gather public opinion on the country's current situation. CJP founder Abhijeet Dipke highlighted unemployment, education reforms, and media credibility as key focus areas, also claiming credit for Union minister Dharmendra Pradhan's resignation following protests.
The Ministry of Heavy Industries (MHI) anticipates disbursing approximately 4,700 crore in incentives under the automotive PLI scheme in FY27, more than double the previous two years, while also exploring financing mechanisms for electric buses and trucks and promoting domestic manufacturing of critical EV components.
N Chandrasekaran will step down as chairman of Tata Sons in February 2027, concluding a decade at the helm, following a prolonged standoff over his reappointment with Tata Trusts Chairman Noel Tata.
Metals and mining conglomerate Vedanta aims to achieve $10 billion in group Ebitda by FY27, a significant increase from $6 billion in FY26, and plans to reduce its overall debt by more than 20,000 crore during the same period, according to CFO Ajay Goel.
Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.
Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.
Education sector experts agree that using the "best technology" was essential to ensure students did not have to sit for an examination all over again because of a question paper leak.
Tata Steel more than doubled its Indian capacity through acquisitions and expansion, strengthening cash generation as it pursued a costly restructuring of its European operations.
Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.
Security forces in Jammu and Kashmir's Samba and Kathua districts have launched extensive search operations after suspected Pakistani drones were detected near the International Border. One drone was seen in Samba and another in Kathua, prompting intensified surveillance.
The Kerala Sports Department has submitted its confidential inquiry report regarding the controversy surrounding the proposed visit of football legend Lionel Messi and the Argentina team to the state during the previous government's tenure.
Umar Ganie captures the blooming lavender fields, often called India's Purple Paradise, in Ganderbal, central Kashmir.
The Nifty and Sensex outperformed Asian peers in South Korea, Japan, Taiwan and China.
Natarajan Chandrasekaran, credited with stabilising Tata Sons after a boardroom coup and overseeing significant expansion, has announced his resignation as chairman, capping a nearly decade-long tenure marked by both successes and escalating tensions with the group's controlling charitable trusts.
Milky Mist Dairy Food Ltd has set the price band for its Rs 1,553 crore Initial Public Offering (IPO) at Rs 133-140 per share, with subscriptions opening on August 11 and closing on August 13.
A research paper by the National Council of Applied Economic Research (NCAER) recommends that Bihar revoke its alcohol ban, citing its failure to reduce violence against women and a rise in illicit drug and alcohol consumption. The report suggests that reinstating the liquor excise tax would significantly increase state revenues and decrease enforcement costs.
'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'
China has deployed 72 "robot employees" across Beijing's municipal parks to perform various tasks like cleaning, patrolling, guiding visitors, and pest control. This initiative is part of China's "Robot Plus" strategy, driven by an ageing population and labour shortages, and showcases the growing domestic service robot market. These AI-powered robots enhance efficiency and visitor experience in popular attractions like the Summer Palace and Zizhuyuan Park.
Chhattisgarh Chief Minister Vishnu Deo Sai announced a Rs 100 crore allocation for sports infrastructure and athlete development during a Sports Conclave in Raipur. The state government is focused on promoting sports, nurturing talent, and providing employment opportunities for outstanding sportspersons, alongside organising major sporting events like the Bastar and Surguja Olympics.
Bajaj Finance, India's largest private-sector NBFC, reported a 29 per cent year-on-year increase in standalone net profit to 5,346 crore for Q1FY27, propelled by robust growth in net interest income and assets under management, which surpassed 4 trillion.
Haryana is set to host a grand felicitation ceremony on August 7 for its athletes who excelled at the Glasgow Commonwealth Games 2026. Chief Minister Nayab Singh Saini will present cash awards totalling Rs 13.47 crore to 10 medal winners and 13 participating athletes, reinforcing the state's commitment to sports development and recognising international achievements.
Gujarat Chief Minister Bhupendra Patel formally received the Commonwealth Games flag, symbolising the official commencement of preparations for Ahmedabad to host the global sporting event in 2030.
Cognizant reported a 1.4 per cent year-on-year dip in net profit for the April-June quarter to $636 million, while revenue grew 4.5 per cent to $5.5 billion. The company has also cut the top end of its annual guidance, citing a slowdown in macroeconomic conditions and rising uncertainty.
