Non-banking financial companies (NBFCs) experienced a significant 68.5 per cent year-on-year growth in gold-backed credit in July 2026, while banks saw their gold loan growth moderate to 88.1 per cent from 136.4 per cent a year prior, according to RBI data.
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
UIDAI Chairman Neelkanth Mishra announced the extensive deployment of Artificial Intelligence to detect and counter fraud in Aadhaar, describing it as a "cat-and-mouse game." He highlighted the dramatic increase in daily Aadhaar authentications and the launch of the Aadhaar Face Authentication SDK and Sandbox to enhance security and ease of integration for ecosystem partners.
'...in which our names are written with our phone numbers.'
Star Indian men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty clinched the China Masters Super 750 title after a thrilling three-game comeback victory against China's He Ji Ting and Ren Xiang Yu. This marks their second title of the season and provides a significant boost ahead of the Asian Games.
The Staff Selection Commission has released the SSC CHSL 2026 notification, announcing the recruitment process for approximately 2,536 Group C vacancies across various central government ministries and departments.
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
The Maharashtra Food and Drug Administration (FDA) has suspended the food licences of several establishments across Mumbai and Navi Mumbai, including an IRCTC-linked supplier and three ISKCON outlets in Juhu, due to severe hygiene and safety violations. This action is part of a state-wide crackdown initiated by FDA Commissioner Tukaram Mundhe, targeting issues like pest infestation, improper food handling, inadequate sanitation, and misleading product claims.
Dramatic CCTV footage has emerged showing the moment a five-storey building in Delhi's Satya Niketan collapsed, killing seven people and injuring 11, as rescue operations continue.
One of the important topics of discussion between the two leaders is expected to be the Northern Sea Route and the Chennai-Vladivostok Maritime Corridor.
India may have a vast coastline and a strategic location, but it will become a true maritime nation only when its people understand, value and actively participate in the maritime ecosystem, asserts Vice Admiral Biswajit Dasgupta (retd).
The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.
The LIC Golden Jubilee Scholarship Scheme is offered by the LIC Golden Jubilee Foundation aims to support meritorious students from economically weaker sections by providing financial assistance for higher education and improving their future employment opportunities.
Star Indian men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty secured the China Masters Super 750 title after a thrilling three-game comeback victory against China's He Ji Ting and Ren Xiang Yu. This marks their second title of the season and provides a significant confidence boost ahead of the upcoming Asian Games.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
The Mumbai-Delhi air route, the country's largest and most lucrative, is witnessing an intense battle for supremacy between IndiGo and the Air India group, with Akasa Air emerging as a significant third player, according to recent data.
India's services sector growth experienced a significant slowdown in June, reaching a 17-month low due to challenging market conditions and reduced domestic client interest, as indicated by the HSBC India Services PMI Business Activity Index.
Infosys has confirmed that Lax Gopisetty, chief of its subsidiary Infosys Public Services, is unreachable following devastating floods in Nepal. Gopisetty was visiting the region personally, and Infosys is working with agencies and his family to ensure his safety. The Ministry of External Affairs also reported hundreds of Indians missing or stranded due to the floods, with India offering assistance to Nepal.
Linda Noskova eased to a straight sets win over Thailand's Lanlana Tararudee on Wednesday to reach the US Open third round.
The UK has announced a comprehensive sanctions regime against Israeli settlements in the West Bank, banning the import of goods and targeting entities involved in settlement expansion. Foreign Secretary Ed Miliband condemned the "ethnic cleansing of Palestinians" and highlighted international support for the UK's stance, while Israel reacted strongly with counter-measures.
The Municipal Corporation of Delhi has suspended a Deputy Commissioner and four engineers from the South Zone following the collapse of a five-storey building in Satya Niketan, which resulted in seven deaths. The suspensions were issued by the MCD Vigilance Department under disciplinary proceedings.
The Ganga continues to rise in Patna, inching closer to the danger mark and putting low-lying areas on alert.
India's gross Goods and Services Tax (GST) collections saw a significant 14.8 per cent year-on-year increase in August, reaching approximately Rs 2 lakh crore, with import revenue contributing substantially to this growth.
India's Engineering Research and Development (ER&D) sector is projected to exceed USD 100 billion in revenue by 2030, driven significantly by the integration of Artificial Intelligence (AI) into engineering workflows. This growth, highlighted by Nasscom, positions India as a critical global engineering hub, necessitating focus on talent development and strategic partnerships.
Arundhati Bhattacharya, Salesforce President and CEO for South Asia, stated that cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in technology. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs and urged Indian businesses to transform using technology, rather than merely digitising. She also highlighted the significant economic potential of AI adoption for India.
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.
The Bombay High Court has strongly criticised the Brihanmumbai Municipal Corporation (BMC) for the pervasive garbage on Mumbai's roads, warning of action against ward officers if the situation does not improve. Hearing petitions on pollution near the Kanjurmarg dumping ground, the court observed that the "entire municipal machinery is inactive" and suggested imposing heavy fines on litterers. The court has demanded BMC's Standard Operating Procedure and a list of officers responsible for cleanliness, threatening to remove those who fail to act.
French aerospace and defence major Thales views India as a highly dynamic market for avionics, with significant growth potential as Indian airlines expand their fleets. The company, which has a substantial presence and MRO facilities in India, is also exploring opportunities to replicate India-developed solutions globally and sees increased use of AI in development.
Malayalam filmmaker R Sarath, celebrated for his distinctive contributions to cinema including the award-winning Sayahnam, has passed away in Thiruvananthapuram.
A five-storey building housing a boys' hostel in Satya Niketan, South Delhi, collapsed, resulting in three student deaths and several injuries. Union Health Minister J P Nadda and Home Minister Amit Shah have assured support and are monitoring the situation. Rescue operations are ongoing, with many feared trapped, and an investigation into the building's owner is underway.
Suburban train services on Mumbai's Harbour line were briefly disrupted at Kharghar station after a bird got stuck in a train's pantograph, causing overhead equipment to trip. The incident led to minor delays and panic among commuters before services resumed quickly.
President Donald Trump has announced a promise to issue a USD 5,000 dividend to every adult US citizen if Republicans secure victory in both the House and the Senate in the upcoming midterm elections, citing the nation's economic success under his administration.
L&T Technology Services (LTTS) has announced a strategic partnership with Anthropic to integrate its Claude AI models into LTTS' engineering processes and AI platforms. This collaboration aims to redefine engineering work by enabling faster decision-making, streamlining workflows, and accelerating innovation for global clients, coinciding with Anthropic's new rupee-denominated pricing for Indian customers.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
Central Delhi has undergone a significant beautification drive, including extensive lighting, floral displays, and BRICS-themed signages, in preparation for the upcoming BRICS Leaders' Summit. The New Delhi Municipal Council (NDMC) and other civic bodies have focused on sprucing up key routes, hotels, and the summit venue, Bharat Mandapam, to welcome delegates and visitors.
The National Stock Exchange (NSE) has set its initial public offering (IPO) price band at Rs 1,700-1,785 per equity share, with the subscription period running from September 17 to September 21, aiming to raise up to Rs 22,569 crore.
'Companies are getting selective about what they pay a premium for.'
The Delhi government has signed a Memorandum of Understanding with EkStep Foundation to transform its administrative data into an AI-ready format. This initiative aims to improve governance, enhance public service delivery, and enable proactive, evidence-based decision-making by leveraging artificial intelligence.
Finance Minister Nirmala Sitharaman has urged the Reserve Bank of India to accelerate its central bank digital currency initiatives, emphasising the need to sharpen capabilities with the digital rupee amidst rapid advancements in tokenisation, agentic AI, and quantum computing. She also highlighted critical concerns regarding cybersecurity, warning that autonomous AI systems are evolving rapidly and require robust safeguards. Sitharaman proposed a federated industry platform to give India's technology ecosystem a collective international voice.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade due to escalating crude oil prices and ongoing US-Iran hostilities, which subdued investor risk appetite.
