The Income Tax Department has initiated a nationwide verification drive targeting suspicious foreign remittances made by entities with minimal business activity, including those in border districts, and is scrutinising the chartered accountants who issued the mandatory tax determination certificates.
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.
The Supreme Court of India will commence hearings on two significant constitutional matters: the interpretation of legislative privileges of MLAs concerning freedom of speech and expression, and the power of state legislatures to impose additional sales tax levies. Both issues will be heard by seven-judge Constitution benches, with one case stemming from a 2003 plea by journalist N Ravi regarding breach of privilege.
A bank employee in Lucknow allegedly shot dead his wife and sister before taking his own life, reportedly due to marital discord. The incident involved shootings outside an ICICI Bank branch and at his home, with the accused posting a WhatsApp status alleging 'betrayal' by his wife.
Supreme Court Justice V Mohana recused herself from a 2016 Public Interest Litigation (PIL) seeking directions for the speedy disposal of criminal cases against lawmakers. This development follows a report by amicus curiae Vijay Hansaria, which revealed over 4,000 pending criminal cases against Members of Parliament (MPs) and Members of Legislative Assemblies (MLAs), including chief ministers from 14 states. The Supreme Court has previously issued directives to high courts to establish special benches to monitor and fast-track these trials.
The official Instagram account of the Cockroach Janta Party (CJP) was temporarily taken down on Independence Day, prompting the outfit to allege an attempt to silence its voice. The account was later restored, and the CJP, known for its student-centric campaigns, vowed not to be intimidated.
The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of four Domino's Pizza outlets, including three in Mumbai, and several other chain restaurants like KFC and Pizza Hut, citing alleged violations of food safety and hygiene norms during a special drive.
'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'
A widow in Kanpur has alleged that jewellery worth approximately Rs 50 lakh vanished from her State Bank of India (SBI) locker, leading police to register an FIR against the branch manager and unidentified staff members. The complainant, Rashmi Arora, discovered the locker empty after a period of non-operation and a bank merger.
India's youngest municipal chairperson, Diya Binu, on Tuesday lost office after a no-confidence motion moved by the Left Democratic Front was passed in Kerala's Pala Municipality with the support of rebel Congress councillors, ending the United Democratic Front's rule in the civic body.
A delegation of NCP (SP) Lok Sabha MPs, led by Supriya Sule, met Prime Minister Narendra Modi to discuss various issues concerning Maharashtra, including drought, onion prices, and river pollution. The meeting, which lasted about 15 minutes, did not include discussions on the FCRA Amendments Bill, which Sule opposes. This follows a previous meeting between Sharad Pawar, Sule, and the PM regarding student and farmer issues.
The Supreme Court has established a five-member high-powered committee, led by former top court judge Justice R Subhash Reddy, to investigate allegations of police excesses against student protesters and violence against police personnel during recent demonstrations in Delhi.
A Chinese official stated that India and China should view each other as cooperative partners and opportunities for development, not rivals or threats. This statement came in response to Russian President Vladimir Putin's comments on the independent and strong ties Russia maintains with both nations, emphasising non-interference in India-China relations.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
'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 Securities and Exchange Board of India (Sebi) has swiftly barred Copthall Mauritius Investment and Mansi Share & Stock Broking from the securities market for alleged manipulative trades during the closing auction session (CAS) on Sensex expiry. The regulator has also directed the impounding of wrongful gains totalling 3.67 crore from the two entities.
A bipartisan group of US senators has introduced a comprehensive bill imposing extensive sanctions on Russia, with India identified as one of five countries that could incur tariffs for its continued purchase of Russian oil.
The Enforcement Directorate has seized handwritten notes and digital evidence during searches related to former Kerala Chief Minister Pinarayi Vijayan's daughter, Veena T. The agency alleges these notes detail fund transfers to Dubai and amounts handled beyond her known income, linking her to a money laundering probe involving Cochin Minerals and Rutile Ltd (CMRL) and her defunct company, Exalogic Solutions. Political leaders have condemned the probe as a vendetta.
The Supreme Court has urged the CBSE to reconsider the implementation of its three-language policy for Class 9 students, emphasising that children should not be subjected to undue pressure. The court highlighted concerns about infrastructure, the starting point of the policy, and the definition of 'native' languages.
The Maharashtra government has constituted a high-level committee to address road repairs, traffic congestion and management issues in the rapidly expanding Chakan industrial belt in Pune district, and set up a mechanism for time-bound redressal of industrial grievances.
The National Testing Agency advised candidates to regularly check its official website and rely only on official communications from the agency.
NASA has invited ISRO to join its ambitious Moon Base mission to establish a permanent lunar outpost near the Moon's South Pole, aiming for scientific discoveries and future deep space exploration. This invitation follows discussions at the Civil Space Joint Working Group meeting in Bengaluru, where both nations also advanced cooperation under the Artemis Accords and the TRUST initiative.
The overhaul comes after a series of controversies surrounding the conduct of examinations administered by NTA, which has faced questions over examination security and its handling of irregularities.
The fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks.
Senior surrendered CPI (Maoist) leader Tippiri Tirupati alias Devji plans to appeal to Union Home Minister Amit Shah to lift the ban on the outfit. He and other surrendered colleagues aim to work legally on people's issues and have also met Telangana DGP C V Anand regarding restrictions on their movements. Tirupati, a former top commander, surrendered in February due to health issues, vowing to work within a legal framework.
Indian benchmark equity indices, Sensex and Nifty, extended their decline for a second consecutive day, primarily due to elevated crude oil prices and selling pressure on Tata Group stocks following Tata Sons Chairman N Chandrasekaran's announcement that he will not seek reappointment.
Cricketer-turned-politician Harbhajan Singh revealed in a podcast interview that his decision to switch from the Aam Aadmi Party (AAP) to the Bharatiya Janata Party (BJP) stemmed from the AAP government's alleged neglect of his concerns regarding drug abuse and sports promotion in Punjab.
The Reserve Bank of India (RBI) has extended the implementation date for its revised loan recovery and agent engagement directions to January 1, 2027, from the previously proposed October 1, 2026, following stakeholder feedback.
The Supreme Court of India has expanded the scope of Section 498A of the Indian Penal Code, ruling that the provision dealing with cruelty by a husband or his relatives also applies to partners in live-in relationships. This landmark decision clarifies that a man in a live-in relationship can be prosecuted for cruelty if the relationship is "in the nature of marriage," aiming to prevent domestic violence and ensure legal protection for women in such unions.
Former India captain Asunta Lakra has written to the National Commission for Women (NCW), requesting an independent inquiry into the handling of sexual harassment complaints at Hockey India and its affiliated organisations. Lakra alleges institutional failure, deliberate inaction, and intimidation of complainants, specifically accusing Hockey India secretary general Bholanath Singh of threatening her after she raised concerns about alleged misconduct by Jharkhand coach Sudhir Gola. She also highlighted multiple complaints since January 2025 and caste-based humiliation of tribal players.
Chief Economic Advisor V Anantha Nageswaran has stressed the urgent need for India's financial sector to proactively address the safety and security risks of artificial intelligence, stating that waiting for problems to materialise is not an option.
WhatsApp is testing new ways for users in India to confirm their age as it prepares to comply with upcoming legal requirements, including those related to the Digital Personal Data Protection (DPDP) Act, the Meta-owned messaging platform said on Tuesday.
India is waiting for assurance from the US on comparative advantage over other economies under the deal.
West Bengal Chief Minister Suvendu Adhikari has announced a fresh investigation into the 2024 rape and murder of a doctor at RG Kar Medical College and Hospital. The decision follows a request from the victim's mother, now a BJP MLA, and includes a separate probe into alleged cremation irregularities. Adhikari criticised previous police handling and vowed to ensure justice, despite a CBI investigation having already led to a conviction.
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
Nashik police have arrested an AIMIM corporator, Mateen Patel, for allegedly providing shelter to an accused, Nida Khan, in the ongoing TCS "sexual harassment and religious conversion" case. Patel's arrest is part of a larger investigation into nine cases related to alleged exploitation and forceful conversion at a TCS branch.
Former Bangladesh cricket captain Shakib Al Hasan's ancestral home was attacked with petrol bombs and smashed windows after he participated in an online media interaction where ousted Prime Minister Sheikh Hasina vowed to return to Bangladesh despite facing a death sentence.
The Supreme Court has directed the Reserve Bank of India to prepare a standard operating procedure (SOP) within four weeks to deal with bank accounts linked to cyber frauds, including mule accounts. This directive is part of a broader effort to strengthen responses to cyber-enabled financial frauds, with the court also urging states and UTs to adopt and operationalise grievance redressal and money restoration modules.
Amrit Mathur, Commissioner of PGTI's 72 The League, lauded the Royal Springs Golf Course in Srinagar as the world's most stunning and spectacular.
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.
