AB Volvo, the Swedish truck and bus major, is planning to launch its financial services subsidiary in India. The new subsidiary is expected to start operations in the next six months, according to Volvo India Managing Director Eric Leblanc.
State Bank of India has launched a suite of AI-powered digital innovations on its YONO platform, enhancing both retail and business banking services. These new features include a 3-in-1 digital onboarding process, a sustainability tracker, integrated trade finance, and an AI virtual assistant, aiming to provide intelligent and future-ready banking experiences for its 53 crore customers.
Notwithstanding the economic complementarities and the host of agreements for deepening economic relation on a host of areas, both sides share common viewpoints on the foreign policy domain and seek common grounds to serve as a counterweight to China, notes Dr Rajaram Panda.
Titan Company's ambitious roadmap to achieve a 20 per cent revenue compound annual growth rate (CAGR) by financial year 2030 (FY30) has garnered a positive outlook from analysts, who highlight the company's strong brand, sourcing capabilities, and diversified portfolio as key strengths.
Life Insurance Corporation (LIC) has launched two new mobile applications, MyLIC for policyholders and Super Sales Saathi for its sales intermediaries, aiming to enhance digital agility and cater to the younger generation's needs. The apps, part of LIC's DIVE digital transformation platform, offer features like policy management, premium payments, and personalised recommendations.
Viswanathan Anand will not seek re-election for a third term as Deputy President of FIDE.
Maharashtra BJP MLC Pravin Darekar announced the launch of 'Devabhau' and 'Chhava' cooperative taxi services in Mumbai, aiming to counter private aggregators and benefit drivers directly, but the scheme has drawn sharp criticism from social activist Anjali Damania and the Opposition Congress over the proposed use of Mumbai Bank funds and its political branding.
LAMF allows investors to access liquidity while staying invested.
Over the past three years, the appointments of 20 candidates selected through the Institute of Banking Personnel Selection were cancelled or offers were withdrawn due to poor credit history.
Bajaj Finserv announced a strategic initiative to invest up to Rs 2,000 crore in artificial intelligence and technology-led startups over the next five years, along with a collaboration with IIT-Bombay for joint research.
Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.
'I don't see fear becoming a dominant factor for retail investors.'
'We ourselves hadn't heard it initially. Many people called us. The entire village was overjoyed.'
Zelle, a major US peer-to-peer payment service, is set to launch in India by the end of this year, marking its first international expansion. The move aims to tap into India's large remittance market, offering a service similar to UPI but integrated with bank apps. Zelle also introduced ZelleUSD, a stablecoin for future global payment capabilities.
Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
The Allahabad High Court has ruled that a husband's obligation to pay maintenance to his estranged wife is not negated by her parents' financial support. The court overturned a family court's decision, emphasising that parental income cannot substitute a husband's legal duty and enhanced maintenance for both the wife and children.
The India Meteorological Department has issued a red alert for Mumbai, forecasting extremely heavy rainfall and gusty winds over the weekend. The city has already experienced over 100 mm of rain in the last 24 hours, leading to delays in local train services, though public transport remains operational.
A senior Microsoft executive says India is uniquely positioned to lead the next phase of global AI deployment, driven by a massive developer base, rapid enterprise adoption, and robust digital public infrastructure.
India has launched its first integrated phygital service centre in Umri village, Madhya Pradesh, aiming to provide online services and boost rural development through digital connectivity and various essential services.
The best time to buy health insurance is when you don't think you need it.
Jio Payments Bank introduces UPI-based cash withdrawals at business correspondent touchpoints, enhancing financial inclusion and simplifying access to cash for rural and semi-urban customers.
India achieved a current account surplus of USD 7.1 billion, or 0.7 per cent of GDP, in the January-March quarter of 2025-26, primarily boosted by robust services exports and increased remittances from overseas Indians, according to recent Reserve Bank of India data.
Veteran banker K V Kamath stresses the importance of reskilling and education reforms to leverage artificial intelligence (AI) in India, advocating for practical applications over expensive foundational models.
Dabur India's shares rose 3.7 per cent after reporting in-line Q4FY26 results, driven by a healthy 10 per cent growth in its India business, despite some analysts remaining cautious about future execution.
Indian mutual funds have significantly reduced their exposure to the information technology (IT) sector, with holdings now at an eight-year low of 6.7% in April 2026, driven by weak earnings growth, global demand slowdown, and concerns over AI-led disruption.
Odisha Vigilance arrested a cooperative official, Patitapaban Majhi, for allegedly misappropriating over Rs 33 lakh in government funds during his tenure at the Garhsantri Service Co-operative Society.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
A doctor in Anantnag, Jammu and Kashmir, has been suspended following an inquiry into alleged large-scale procedural irregularities, including a pacemaker implantation scam where nearly 50 per cent of evaluated patients underwent unnecessary advanced cardiac surgical procedures. The inquiry revealed fraudulent insurance claims, patient exploitation, and manipulation of medical records.
Fintech giant One97 Communications, which operates Paytm, has decided against applying for a Non-Banking Financial Company (NBFC) licence, favouring its existing partnership model.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
'We are targeting a 2.5x to 3x increase in valuation by FY31.'
Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.
Salaried taxpayers should not use these forms blindly to file their income-tax returns.
Kerala police have issued a warning about a sophisticated cyber fraud targeting football fans. Scammers are using fake OTT apps and social media advertisements promising free access to FIFA World Cup 2026 matches. These malicious apps gain control of users' phones and illegally withdraw money from bank accounts. The police advise downloading apps only from official stores and being cautious of suspicious permissions.
Adani Group Chairman Gautam Adani announced a capital expenditure programme of over 2 trillion for Adani Power, aiming for 45 gigawatts (Gw) capacity in five years, including a significant entry into nuclear power with a target of 10 Gw by 2035 through Adani Atomic Energy.
Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.
The H-1B visa once symbolised the American Dream for Indians, but today's students are increasingly asking whether they need America at all. In 1995, the question was: How do I get to America? In 2026, it may be: Do I need to?
Tata Electronics has surpassed Taiwanese giant Foxconn in assembling iPhones for export from India during the FY22-FY26 PLI scheme period, with exports valued at $26.3 billion compared to Foxconn's $25.6 billion.
The move is to strengthen oversight, improve compliance, and boost patient confidence.
