The Supreme Court has directed the Uttar Pradesh government's Special Investigation Team (SIT) to submit a status report on the alleged embezzlement of donation money at the Ram temple in Ayodhya. The court also issued notice to the Shri Ram Janmabhoomi Teerth Kshetra Trust following pleas for a fair and time-bound probe, including demands for a CBI investigation and a CAG audit of the temple trust's finances.
Govind Dev Giri Maharaj, treasurer of the Shri Ram Janmabhoomi Teerth Kshetra Trust, acknowledged supervisory lapses at the Ayodhya Ram temple following alleged donation theft, but stated he would not resign as he does not consider himself personally at fault. He estimated the theft could be around Rs 3 crore and criticised SBI for not verifying employee credentials.
India's securitisation market achieved its highest-ever first-quarter performance, reaching approximately 60,000 crore, a 22 per cent year-on-year increase, primarily driven by Non-banking financial companies (NBFCs) and a significant surge in gold loan securitisation.
One 97 Communications, operating as Paytm, announced that its subsidiary, Paytm Europe Payments, has secured a payment institution licence from Luxembourg's financial regulator, CSSF, effective July 2, 2026. This licence permits services like execution of payment transactions, credit transfers, and acquiring payment transactions, marking a significant step in Paytm's European expansion strategy, supported by a recent 9 million euro investment from Paytm Cloud Technologies Limited.
'The order has no practical effect unless and until he chooses to enter Singapore.'
Equity-oriented mutual fund schemes in India experienced a 5 per cent decline in net inflows in April, reaching Rs 38,440 crore, while monthly Systematic Investment Plan (SIP) contributions also saw a decrease.
The Delhi High Court has granted interim bail to Baramulla MP Sheikh Abdul Rashid, who is accused in a terror-funding case, following the death of his father. The bail is effective until June 2, with strict conditions including police escort and restricted movement.
G.D. Goenka School, Dwarka and Bharti Public School have clinched their maiden boys' and girls' titles, respectively, at the fourth edition of the Oriental Cup. The tournament also introduced a scholarship programme for 10 student-athletes, recognising their outstanding performances.
The Supreme Court on Monday asked the Uttar Pradesh government to apprise it about the possibility of setting up an SIT to probe the alleged embezzlement of donations at the Ram temple in Ayodhya and cautioned the litigants not to politicise the issue.
Hybrid mutual fund schemes attracted significant inflows of Rs 1.55 lakh crore in FY26, a 29 per cent increase, as investors increasingly opted for diversified investment strategies to navigate volatile market conditions and geopolitical tensions.
On camera, youngsters gave their names, where they'd come from, where they were studying or working - and then proceeded to criticize Modi. On camera, they held up posters mocking Modi, points out Jyoti Punwani.
'ISRO is planning to build a Bharatiya Antariksh Station by 2030. So, our goal is to create a vehicle that can supply modules to the Bharatiya Antariksh Station and bring the products back.'
Officials clarified that only a temporary access structure for the Mumbai-Ahmedabad bullet train project's Ulhas river bridge was affected by heavy rains in Thane, not the permanent bridge itself. The National High Speed Rail Corporation Limited (NHSRCL) confirmed the incident did not impact the project's design, safety, or execution.
The Union Territory administration in Ladakh has announced the establishment of an Autonomous Hill Development Council (AHDC) for each of its seven districts, significantly expanding democratic decentralisation. This move extends elected local self-governance beyond Leh and Kargil, with a proposed Union Territory-level body under a customised Article 371 framework to oversee these councils.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'
ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.
The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.
Bajaj Auto plans to increase its annual production capacity by nearly 25 per cent, from around 7 million to over 9 million vehicles, in the coming quarters. This expansion is driven by strong export demand and rapid growth in electric vehicles, which have stretched current capacity across key product segments.
Pre-listing shareholder lock-ins for 53 companies, valued at $11 billion, are set to expire between July and September, according to an analysis by Nuvama Institutional Equities, though not all shares are expected to flood the open market.
Indian benchmark indices Sensex and Nifty rebounded in early trade on Thursday, recovering from a sharp fall in the previous session, driven by foreign fund inflows and buying in key blue-chip stocks. Track Sensex, Nifty on July 9, 2026.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
The Gujarat Anti-Terrorist Squad (ATS) has arrested five more suspects for alleged links with a Jaish-e-Mohammed (JeM) module, claiming they were learning bomb-making techniques and planning blasts. These arrests follow an earlier bust of a JeM module, bringing the total number of individuals involved in the alleged terror plot to over a dozen. The suspects were reportedly researching explosives, procuring materials, and holding recruitment meetings.
Indian golfer Karandeep Kochhar voices concerns about the uncertainty surrounding LIV Golf-backed funding and its potential impact on the Asian Tour and Indian golf.
The Central Information Commission has said the blanket denial of information sought on Foreign Contribution (Regulation) Act renewal applications by the Union ministry of home affairs "appears to be misplaced and without any basis", while observing that the CPIO prima facie "obstructed" the complainant's right to information.
The Uttar Pradesh Public Works Department has declared a 3-km road passing through SP leader Azam Khan's Mohammad Ali Jauhar University campus in Rampur as a public road, erecting signboards to ensure unrestricted access. The road, built by the PWD in 2016-17, had its access restricted by the university since 2019, leading to a legal dispute that is still ongoing in the Allahabad High Court.
Indian benchmark indices, Sensex and Nifty, staged a moderate rebound after a significant correction in the previous session, driven by foreign fund inflows and a largely positive trend in global markets, though geopolitical tensions between the US and Iran continued to foster caution.
The Sports Ministry has approved a 191-member Indian contingent for the Commonwealth Games in Glasgow, comprising 126 athletes and 51 officials. The Ministry has stipulated that expenses for Indian Olympic Association (IOA) Executive Committee members will not be covered by the government. Additionally, National Sports Federations are required to conduct background checks on their contingents, and a performance report must be submitted post-Games.
Former Ram temple trust chief Champat Rai has stated he will address all allegations of donation embezzlement against him only after the Special Investigation Team (SIT) submits its final report. Rai, who observed 'maun dharan' (silence) on the matter, highlighted that the SIT's preliminary report has already been made public. The trust has appointed an interim general secretary and acknowledged the theft from donation boxes, while also appreciating Rai's contributions.
Indian benchmark equity indices, Sensex and Nifty, saw early gains driven by strong buying in blue-chip bank stocks, fresh foreign fund inflows, and a decline in global crude oil prices, boosting investor confidence.
The initial public offering (IPO) of engineered fabric manufacturer Kusumgar Ltd was subscribed an impressive 128.85 times on its final day of bidding, largely driven by robust demand from Qualified Institutional Buyers (QIBs).
Anthropic has introduced Rupee-denominated pricing for its Claude AI assistant in India, making its Pro and Max plans more accessible to one of its largest user communities. This move, alongside the opening of its Bengaluru office and increased revenue, highlights Anthropic's growing focus on the Indian market, a sentiment echoed by rival OpenAI.
Your children may always love you but should you expect them to to finance your retirement in today's economy?
The Supreme Court is set to hear a batch of petitions on July 13 seeking a fair and time-bound probe into the alleged embezzlement of donations at the Ram temple in Ayodhya, with petitioners requesting a CBI investigation and a CAG audit of the temple trust's finances.
FIFA and Global Citizen have announced a star-studded lineup for the World Cup final halftime show, featuring Justin Bieber, Madonna, Shakira, and BTS. The initiative aims to raise $100 million for global education and football opportunities, with $50 million already secured.
The Calcutta High Court has appointed a retired judge as a special officer to manage the day-to-day expenses of the Mamata Banerjee-aligned Trinamool Congress (TMC) from three debit-frozen bank accounts. The accounts were frozen following a complaint by a rival TMC faction alleging they held proceeds of crime. The court allowed transactions for party expenses and legal costs, noting that the initial freezing lacked specific material basis and that the complainant had previously benefited from these accounts.
JSW MG Motor India has unveiled ADAPT, India's first multi-powertrain new energy vehicle (NEV) platform, designed to support electric, hybrid, plug-in hybrid, and range-extender electric vehicles. The company plans to launch one electric SUV and one plug-in hybrid SUV based on this architecture during FY27, aiming to broaden its NEV portfolio and accelerate adoption in India.
Lawyers from the Faizabad Bar Association plan to approach the court after police allegedly refused to register an FIR against former Shri Ram Janmabhoomi Teerth Kshetra Trust members Champat Rai, Anil Mishra, and Gopal Rao in a Ram temple donation embezzlement case. The lawyers had filed a complaint on July 2 and are seeking a fair investigation into the allegations.
Kerala, Tamil Nadu and West Bengal have been fiscally stressed for a considerable period of time, and there are no easy ways to mobilise revenues to meet the cost of the promised freebies, particularly in the prevailing difficult economic scenario, points out M Govinda Rao.
'Existing investors who have not acted so far may consider holding on to these funds with the understanding that the higher returns they expected from them may now take longer to materialise.'
