'AIS helps taxpayers check whether all income streams and reportable transactions -- such as interest from old bank accounts, small dividend receipts or transactions across multiple brokers -- have been properly disclosed.' 'Mismatches between these transactions and declared income may trigger automated notices or scrutiny.'
Artificial Intelligence (AI) is placing professionals who rely on cognitive skills at the highest risk of job replacement, a fundamental change from previous technological shifts, MeitY Secretary S Krishnan said on Thursday.
New research published in the European Heart Journal indicates that even low levels of night-time light exposure, as little as 3 lux, are associated with detrimental changes in heart structure and function. A study involving over 11,000 participants found that increased light at night led to thickening of the left ventricular walls and reduced myocardial contraction, suggesting early heart dysfunction and increased risk of heart failure. Researchers highlight night-time light as a modifiable risk factor for cardiovascular disease.
NPCI chief Dilip Asbe stated that only about 10 per cent of the total value of UPI transactions might see charges passed to consumers under the merchant discount rate (MDR). He clarified that large corporates are expected to absorb most costs, and a significant portion of transactions will remain charge-free. A new fund from MDR collection is also proposed to boost UPI acceptance among small merchants.
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.
The Indian stock market experienced a significant downturn, with the Sensex crashing over 1,000 points and the Nifty hitting a fresh 52-week low, driven by sustained selling from foreign institutional investors, the RBI's monetary policy tightening, and elevated Brent crude prices.
Botanists have discovered a new plant species, Didymocarpus nautiyalii, in Arunachal Pradesh's Shi-Yomi district. This small herb, found in subtropical evergreen forests, features leathery leaves and bluish-purple flowers. Named after Prof Sunil Nautiyal, the species is currently assessed as Data Deficient by IUCN, prompting calls for further research and conservation efforts.
Airtel Africa's mobile payments arm, Airtel Money, has filed for an initial public offering (IPO) on the London Stock Exchange, with the International Finance Corporation (IFC) agreeing to purchase shares worth up to $90 million at the final offer price.
IT services stocks have had tough two years, with prices coming under pressure from 2025 and the sell-off extending through the first half of 2026.
Tata Capital remains confident in its 23-25 per cent growth guidance, driven by strong momentum in Retail and SME segments, despite facing pressures from rising funding costs and potential impacts from new RBI regulations on revolving credit.
Rajasthan Governor Haribhau Bagde highlighted ethanol's potential to protect India from volatile petroleum markets and geopolitical risks, advocating for its widespread production and use. He, along with other officials, emphasised ethanol's role in strengthening the rural economy, ensuring timely cane payments, and combating carbon emissions, while also discussing its historical context and current government support.
Following an alleged gang rape near Lady Shri Ram College for Women, students have voiced serious concerns about inadequate security around the campus. They highlight issues like poor lighting, non-functional security infrastructure, and incidents of stalking, particularly near the college's back gate and routes to their paying guest accommodations. The incident has prompted the college to take immediate action, including cancelling classes and holding meetings.
Foreign institutional investors have withdrawn nearly $40 billion from Indian equities in the last two years and, according to Bernstein analysts, have 'little reason' to invest for the long-term, though they may 'return to trade'. The brokerage highlights challenges such as struggling large-caps, disruption from new technologies, and difficulties accessing small- and mid-caps (SMIDs) at an institutional scale.
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.
The National Financial Reporting Authority (NFRA) has commenced an investigation into Rajesh Exports concerning a 15.15 trillion financial misstatement, following a referral from market regulator Sebi.
Chief Justice of India Surya Kant has cautioned against the uncritical adoption of Artificial Intelligence in the judiciary, emphasising the need to balance technological advancements with human intellect and ethical considerations.
IMF Managing Director Kristalina Georgieva discusses the potential of artificial intelligence to boost global growth, particularly in India, while also addressing the significant risks of job displacement and financial instability.
To prevent the race for superintelligence from going off the rails, OpenAI recommends shared standards and insights from frontier labs, public oversight and accountability proportional to capabilities, building an AI-resilient ecosystem, and reporting and measurement by labs and governments on AI's impact.
A new study in mice reveals that psychological stress can significantly alter the gut microbiome, leading to changes in blood-forming stem cells and increasing the risk of conditions like heart disease and diabetes. Researchers found that stress impacts specific brain regions, which in turn affect intestinal microbiota balance and hematopoietic stem cell function.
OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.
As many as 171 students of the Indian Institutes of Technology (IITs) died by suicide or unnatural death over the last two decades, with around 70 percent of the deaths recorded in the last 10 years, according to an IIT alumni group.
Investors should do thorough due diligence when selecting a platform.
The Bangalore Water Supply and Sewerage Board (BWSSB) is set to explore the use of AI, predictive analytics, and robotic inspection technologies to detect water theft, reduce leakages, and improve operational efficiency across Bengaluru's water distribution network.
A new review reveals that microplastics are not just pollutants but also act as carriers for toxic chemicals, microorganisms, and antibiotic resistance genes across various environmental compartments. This "Trojan horse effect" allows them to transport persistent organic pollutants and heavy metals, releasing them into organisms upon ingestion. Additionally, microplastics foster microbial communities, known as the plastisphere, which can accelerate the spread of antimicrobial resistance, amplifying ecological hazards.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
A new study analysing millions of posts from underground cybercrime forums reveals that cybercriminals are struggling to effectively utilise AI tools, despite widespread experimentation since the launch of ChatGPT.
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
A new report by ADP reveals that one in two Indian companies plan to adopt AI-powered payroll systems within the next 12 months, driven by the need for automation in workforce management, compliance, and compensation decisions. However, firms are increasingly cautious about data protection risks, especially with the implementation of the Digital Personal Data Protection (DPDP) Act, 2023.
India's men's and women's Kabaddi teams successfully defended their gold medals at the Asian Games, both defeating Iran in their respective finals. The men's team secured their ninth gold with a 40-34 victory, while the women's team clinched their fourth gold with a 37-34 win, showcasing strategic play and composure under pressure.
The FBI has placed gangster Satinderjeet Singh, known as Goldy Brar, on its Ten Most Wanted Fugitives list, offering a USD 1 million reward for his alleged involvement in the Lawrence Bishnoi Organized Crime Group's violent activities across North America.
A new study reveals that past emissions from major oil, gas, coal, and cement producers will continue to impact Earth's environment for centuries, even if emissions cease today. The research highlights that the planet will remain significantly warmer than pre-industrial levels, leading to persistent climate damages and increasing the likelihood of future extreme weather events, forming the basis for accountability lawsuits against these "carbon majors."
The IndiaAI Mission, under MeitY, has selected 10 Indian AI startups for its Global Acceleration Programme, aimed at fostering international growth and innovation.
L&T Finance reported a robust Q1FY27 with net profit growing 29% year-on-year to 900 crore, driven by strong asset growth and strategic initiatives including accelerating cross-selling, improving productivity, and fostering a technology-first, AI-led culture, alongside significant expansion in gold loans.
Union Communications Minister Jyotiraditya Scindia announced India's ambition to lead the world in 6G mobile technology and become a designer of global technology standards. Speaking at the Global Fintech Fest 2026, Scindia highlighted India's shift from being a technology market to a technology maker, emphasizing progress in 5G rollout, affordable data, and digital infrastructure driving fintech growth, while also stressing the importance of digital security.
Cybersecurity specialists warn AI-driven attacks require continuous threat monitoring instead of periodic security checks.
Chief Justice of India Surya Kant urged national law universities to proactively lead the integration of technology into the legal system, rather than merely reacting to changes. Speaking at a conclave, he stressed the importance of incorporating academic integrity and responsible AI use into the curriculum, rejecting outright bans on generative AI. The CJI highlighted that law schools must prepare graduates to critically engage with technological tools, ensuring justice, fairness, and human judgment remain central to the evolving legal landscape.
The global artificial intelligence (AI) boom has significantly reshaped equity markets, with Taiwan surpassing India to become the world's fifth-largest stock market. India has seen its market capitalisation decline by 7% year-to-date, while AI-linked economies like Taiwan and South Korea have surged.
India's MSME sector faces a significant formal credit gap of approximately Rs 60 lakh crore, with traditional channels meeting only a fraction of the demand. A new report suggests that a centralised, interoperable digital layer could effectively bridge this gap and enhance productivity across the formal business sector by digitising workflows and enabling cash-flow-based underwriting.
Fitch Ratings has increased India's GDP growth forecast for the current fiscal year (FY'27) to 6.9 per cent, up from 6.4 per cent, attributing the revision to robust economic growth in the June quarter and overall economic resilience. The agency also anticipates the Reserve Bank of India (RBI) will raise interest rates by 0.25 per cent in October.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
