Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
ServiceNow, a leading AI platform for business transformation, is highly optimistic about its growth prospects in the Indian market, according to President and Chief Product Officer Amit Zavery.
The Securities and Exchange Board of India (Sebi) has proposed allowing celebrity endorsements for its regulated entities like AMCs and stock brokers, but only at the brand level, not for specific products or services, as part of a major overhaul of advertisement codes.
The Maharashtra Food and Drug Administration has issued a comprehensive order mandating free drinking water for customers in all food establishments, banning food served in newspapers, and introducing rigorous operational standards. These new regulations aim to improve food safety, hygiene, and transparency across hotels, restaurants, and other food service providers in the state.
The move is to strengthen oversight, improve compliance, and boost patient confidence.
Tata Consultancy Services (TCS) has announced a global partnership with AI major Anthropic to help enterprises accelerate their adoption of artificial intelligence, including equipping 50,000 TCS employees with Anthropic's Claude AI models.
Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.
Airtel, which upgraded all postpaid customers to priority plans, argued that the service did not throttle or degrade the experience for its prepaid customers, forming the majority of its 368 million customers in the country.
The Department of Telecommunications (DoT) has introduced a new authorisation regime, replacing multiple licences with a single permission for principal telecom services, aiming to simplify compliance and accommodate evolving technologies. This move is expected to ease business operations, enhance fraud prevention with AI, and expand connectivity, especially through satellite networks.
The remarkable rise of smallcaps reflects the emergence of a broad set of specialised businesses operating in industries where the sectoral tailwinds remain considerably stronger than macroeconomic headwinds, points out Debashis Basu.
Amazon plans to significantly expand its use of automation and advanced robotics, including systems like the SLAM labeler, across its Indian fulfilment centres. The company, which has committed substantial investments in India, also highlighted its global rollout of autonomous robots like Proteus and cautioned against premature AI regulation that could stifle innovation.
Police in Thiruvananthapuram raided an unlicensed two-wheeler rental service operating in violation of norms, seizing over 100 vehicles and uncovering illegal practices.
The Delhi government is establishing a multidisciplinary committee to develop a regulatory framework for coaching institutes. This initiative follows recent tragedies, including the Saket building collapse and the Old Rajendra Nagar coaching centre incident, and aims to address issues like fee structures, student safety, infrastructure, and grievance redressal.
St Stephen's College has scheduled the commissioning and installation service of its newly appointed principal, Susan Elias, despite an ongoing dispute with Delhi University over alleged non-compliance with UGC regulations.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
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.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has approved filing draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares, aiming to unlock value for shareholders and fuel its ambitious expansion into 5G, AI, and global markets.
Chennai-based deep-tech startup The ePlane Company has successfully completed the assembly of its full-scale electric air taxi, the e200X. This prototype, designated PT-01, is now ready for ground testing, marking a significant step towards flight testing and eventual type certification. The versatile e200X is designed for passenger air taxi services, urban cargo transport, and air ambulance operations, aiming to leverage existing city infrastructure.
Elon Musk's Starlink is in "active and productive discussions" with the Indian government, awaiting final regulatory clearance, including spectrum allocation, to launch its satellite internet services, despite media reports suggesting a freeze on approvals.
Queen Maxima of the Netherlands, the UN Secretary-General's Special Advocate for Financial Health, visited Mumbai to understand India's digital public infrastructure, including UPI and AI, in improving financial health for salaried individuals. She interacted with healthcare professionals and SalarySe leaders, praising India's advancements in financial inclusion and technology's role in empowering individuals.
Fintech unicorn Razorpay has confidentially filed draft documents with SEBI for an Initial Public Offering, with market sources estimating the issue size between Rs 5,000-6,000 crore. This move comes as a rival firm, PhonePe, has paused its IPO plans.
If AI-generated material is found to be 'false, fabricated, misleading or inaccurate', the person filing it will be accountable and cannot cite the AI-generated nature of the material as a defence.
The Indian Army has removed several colonial-era vestiges from its dress regulations, the mandatory carriage of swords by Reviewing Officers, and the use of pouch belts with certain mess dresses. It has also dropped the use of archaic terminology such as "Royal".
The Supreme Court of India has ruled that voluntary retirement is a distinct right of employees upon completion of the required years of service, clarifying the process and employer obligations.
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.
The Delhi High Court has refused to hear a petition seeking intervention against a protest called by the digital outfit 'Cockroach Janta Party' at Jantar Mantar on June 6. The petition raised concerns about law and order and sought crowd-control measures, alleging the group was involved in "transnational institutional destabilization."
The youth fled the Live Well De-addiction Centre at Madhupur, a day after videos purportedly showing abuse of inmates at rehabilitation facilities in the district went viral on social media.
'There has to be a safe harbour for licensed entities, which have followed all the norms prescribed by the RBI.'
The Indian government has restricted industrial, commercial, and institutional users from purchasing petrol and diesel from retail petrol pumps, directing them to bulk sale points instead. This move, which can last up to 90 days, aims to address abnormal demand growth and prevent localised shortages caused by a significant price difference between retail and bulk fuel prices.
British Prime Minister Keir Starmer has announced a ban on social media access for all children under the age of 16, citing their 'happiness and safety'. The ban, which will not include messaging apps like WhatsApp, aims to protect children from harmful content, bullying, and the addictive nature of platforms like TikTok and Instagram. Legislative powers are in place for the law to come into force by Spring next year.
'While salary increments are moderating compared to last year, not all functions are moving at the same pace.'
St Stephen's College is embroiled in a dispute with Delhi University over teacher recruitment, with a court order halting the process and a fresh examination roster including newly recruited teachers.
A Pune-based college has announced disciplinary action against a biology lecturer arrested by the CBI for her alleged involvement in the NEET-UG 2026 paper leak case. The lecturer, part of the NTA's paper-setting committee, is accused of leaking questions to students for a fee.
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a new Retirement Income Scheme (RIS) and drawdown options under the National Pension System (NPS), offering greater flexibility for managing pension savings post-retirement. Additionally, PFRDA has eased annuity surrender rules, allowing exits in cases of critical illness or for older contracts with explicit surrender clauses.
The Supreme Court has directed the Centre to rationalise airfares and provide relief to flyers, highlighting discrepancies in pricing for the same routes and airlines. The court is addressing a plea seeking a robust regulator to ensure transparency and passenger protection in the civil aviation sector.
The Union home ministry has updated the Immigration and Foreigners Rules, 2025, requiring foreigners staying in India beyond 180 days to register before their visa expires. The new rules also offer relief to children born to foreign parents and revise reporting requirements for medical institutions.
The start of the West Asia conflict has led to a sharp increase in crude-linked raw material prices, pushing up the price of helmets across the country.
Semiconductor startup C2i Semiconductors announced it has taped out a smart power stage chip designed for artificial intelligence infrastructure, marking a significant milestone for India's ambitions in domestic semiconductor production.
The Reserve Bank of India (RBI) announced that it processed 99.9 per cent of applications within the prescribed timeline under its Citizen's Charter in May 2026. The central bank handled 18,763 applications, showcasing efficient processing across various functions.
ICICI Bank is seeking recoveries of at least 100 crore from fintech firms, alleging merchant misclassification of their business, a practice that has eroded the bank's interchange income. The dispute, lodged with global card network Visa, highlights growing discomfort among banks and intensified scrutiny from the Reserve Bank of India.
