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    After nine years at helm, N Chandra to exit Tata Sons amid expansion, governance standoff
    RBI invites comments on the Draft “Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026”
    Sensex falls 188 pts amid elevated crude oil prices; Tata Group stocks decline after N Chandra's exit
    SJM urges govt to stand firm against US tariff pressure, calls for boycott of American products
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Fair Trading Practices and Taking ‘Make in India’ from Local to Global
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman delivers keynote address at Seminar on “Role of the New Development Bank in M...
    Delhi HC halts processing of IT-returns of Supreme Court, high court judges
    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
    Powering India's Energy Freedom
    Fourth Session of the India-Namibia Joint Trade Committee held in New Delhi
    Winning in the AI Era: The New Playbook for Indian Banks - Inaugural Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the FIBAC 202...
    Assam Cabinet okays funds for land acquisition for Guwahati satellite city
    ED arrests Chhattisgarh Congress leader in liquor 'scam' case; sent to 7 days' custody
    Sales Tax Assistant Commissioner arrested for demanding bribe of Rs 8 lakh
    Net direct tax kitty grows 23 pc to Rs 8.11 lakh cr on slower refunds, higher non-corp taxes
    Delhi court sets aside summon order in cheque bounce case
    BRICS grouping discussing linking CBDCs, fast payment systems: RBI Guv Malhotra
    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
    GeM Strengthens Participation of MSMEs, Startups, Women Entrepreneurs and SHGs
    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
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    August 12, 2026
    Show AI Summary
    Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
    Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
    August 12, 2026
    Show AI Summary
    Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
    Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
    August 12, 2026
    Show AI Summary
    Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
    Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
    August 12, 2026
    Show AI Summary
    Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
    Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
    August 12, 2026
    Show AI Summary
    Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
    Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
    August 12, 2026
    Show AI Summary
    Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
    Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
    August 12, 2026
    Show AI Summary
    Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
    Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
    August 12, 2026
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    Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
    Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
    August 12, 2026
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    Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
    CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
    August 12, 2026
    Show AI Summary
    Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
    India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
    August 12, 2026
    Show AI Summary
    AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
    AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
    August 11, 2026
    Show AI Summary
    Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
    Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
    August 11, 2026
    Show AI Summary
    Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
    Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
    August 11, 2026
    Show AI Summary
    GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
    Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
    August 11, 2026
    Show AI Summary
    Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
    Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
    August 11, 2026
    Show AI Summary
    Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
    Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
    August 11, 2026
    Show AI Summary
    Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
    Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
    August 11, 2026
    Show AI Summary
    Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
    PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
    August 11, 2026
    Show AI Summary
    MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
    GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
    August 11, 2026
    Show AI Summary
    Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
    Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.

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      HIGHLIGHTS

      May 27, 2025

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      New Delhi, May 27 (PTI) Following are the top stories at 9 pm: NATION DEL76 PRESIDENT-PADMA

      Ex-CJI Khehar, dancer Shobana Chandrakumar among 68 personalities conferred with Padma awards New Delhi: Former Chief Justice of India Jagdish Singh Khehar, dancer Shobana Chandrakumar, actor Anant Nag and Vice Chancellor of prestigious King George's Medical University Soniya Nityanand were among 68 eminent personalities conferred with the coveted Padma awards by President Droupadi Murmu on Tuesday.

      BOM33 GJ-PM-2NDLD PAKISTAN

      Terrorism is Pakistan's deliberate `war strategy', India to respond accordingly: PM Modi Gandhinagar: Prime Minister Narendra Modi on Tuesday said terrorism was not a proxy war but a deliberate war strategy adopted by Pakistan, and India will respond to it accordingly.

      DEL57 IMD-LD MONSOON

      Above-normal June rainfall to keep heat in check in most parts of India: IMD New Delhi: India is likely to receive above-normal rainfall in June, which is expected to keep maximum temperatures in check in most parts of the country, the India Meteorological Department (IMD) said on Tuesday.

      DEL69 DEF-RAJNATH-LD FIGHTERJET

      Rajnath approves execution model for 5th-gen fighter jet project New Delhi: Defence Minister Rajnath Singh has cleared the "execution model" to design and produce India's ambitious fifth-generation stealth fighter jet -- the advanced medium combat aircraft (AMCA).

      DEL64 PB-2NDLD EXPLOSION

      Suspected terrorist killed in blast in Amritsar Chandigarh: A suspected terrorist died in a blast while retrieving explosive material from a vacant area near Naushera on the Majitha road bypass in Punjab's Amritsar on Tuesday, police said.

      DEL49 US-VISAS-LD EMBASSY

      'If you drop out, skip classes..': Embassy cautions students pursuing higher studies in US New Delhi: The US Embassy in India on Tuesday warned international students studying in the US that if they "drop out, skip classes, or leave your programme of study" without informing the school, then their student visas may be revoked.

      DEL46 JK-CM-CABINET LD MEET

      Won't be intimidated by terror, says Omar Abdullah after special cabinet meeting in Pahalgam Pahalgam: Tourism should be conflict neutral and should not be a barometer to project normalcy, Jammu and Kashmir Chief Minister Omar Abdullah said on Tuesday after a special cabinet meeting here to give a clear message that the government will not be "intimidated by cowardly acts of terror".

      DEL55 RURAL-BILL-REGISTRATION

      Govt invites suggestions on draft Registration Bill 2025 New Delhi: The government has sought public feedback on a draft bill on registration of documents affecting immovable property and other transactions that is aimed at providing secure, efficient and citizen-centric practices across the country.

      DEL26 MHA-NGO-STIPULATIONS

      NGOs getting foreign funding won't be able to publish news content: MHA New Delhi: The Centre has asserted that the NGOs engaged in publication-related activities and receiving foreign contribution, will not be able to publish any newsletter and must get a certificate from the Registrar of the Newspaper for India that it does not circulate any news content.

      DEL52 PERSONNEL-PENSION

      Centre amends key pension rules; PSU employees to lose retirement benefits on dismissal New Delhi: The dismissal or removal of an employee of a public sector undertaking (PSU) will lead to forfeiture of the retirement benefits, the Centre has said.

      DEL36 CONG-LD PAHALGAM

      Opposition MPs conveying India's stand abroad more effectively than counterparts in govt: Cong New Delhi: With India's diplomatic delegations fanning across the globe, the Congress claimed on Tuesday that opposition MPs are conveying the country's stand much more effectively than their counterparts in the government.

      DEL34 MHA-TRIBUNAL-ULFA

      Tribunal confirms extension of ban on ULFA; group has 200-250 cadres in Myanmar New Delhi: The United Liberation Front of Asom (ULFA), a proscribed organisation for the past 35 years, has a sizeable cadre strength of about 200-250 based in Myanmar and is likely to hold about 200 weapons at present, the government has submitted before a judicial tribunal which has confirmed the extension of ban on the group for five more years.

      DEL31 CONG-NEHRU-PM

      'Master distorian' active in Nehru bashing to divert attention from serious issues: Cong slams PM New Delhi: Hitting back at Prime Minister Narendra Modi over his veiled criticism of Jawaharlal Nehru, the Congress said on Tuesday that even on the first prime minister's death anniversary, the "master distorian" is active in "Nehru-bashing" and attempting to divert attention from serious issues that confront the country.

      CAL21 JH-2NDLD MAOIST

      CPI (Maoist) commander killed in gunfight with security forces in Jharkhand Mediningar (Jharkhand): A commander of the banned CPI (Maoist) was killed in a gunfight with security forces in Jharkhand's Palamu district, a senior police official said on Tuesday.

      BOM23 MH-SHAH-SAVARKAR

      Patriotic song penned by Savarkar wins Maharashtra govt's award Mumbai: Union Home Minister Amit Shah on Tuesday presented the first Chhatrapati Sambhaji Maharaj Rajya Prerana Geet Puraskar to the patriotic song, "Anadi Mee, Anant Mee", written by freedom fighter V D Savarkar.

      CAL28 BH-BORDER-OBJECTS

      Drone-like objects spotted over India-Nepal border, security heightened Madhubani: Drone-like objects were spotted over the India-Nepal border in Bihar's Madhubani district, following which an investigation was started, police said on Tuesday.

      MDS25 KA-BJP-LD EXPULSION

      BJP expels two MLAs for 'anti-party activities' in Karnataka Bengaluru: The BJP in Karnataka on Tuesday expelled two of its MLAs, S T Somashekar and A Shivaram Hebbar, for six years for alleged "anti-party activities," party's state president B Y Vijayendra said.

      DEL53 IIT-CURRICULUM-LD REVAMP

      IIT Delhi revamps curriculum after 12 years to reduce students' burden, meet industry demands New Delhi: The Indian Institute of Technology (IIT), Delhi has completely revamped its curriculum after 12 years with concerns about burden on students and changing industry demands being among the major reasons behind the massive exercise, according to Director Rangan Banerjee. By Gunjan Sharma

      LEGAL LGD14 SC-WAQF ACT

      SC issues notices to Centre, others on plea challenging validity of 1995 Waqf Act New Delhi: The Supreme Court on Tuesday sought responses from the Centre and others on a petition challenging the constitutional validity of certain provisions of the Waqf Act, 1995.

      LGD24 DL-HC-RIOTS-BAIL

      Delhi riots 2020: Part of peaceful protest, Gulfisha Fatima tells Delhi HC New Delhi: Student activist Gulfisha Fatima, accused in a UAPA case over an alleged conspiracy behind the February 2020 northeast Delhi riots, argued in the high court on Tuesday that she was part of a peaceful protest and there was no evidence to show her involvement in the violence.

      LGD15 DL-HC-DRAINS-SOLDIERS

      Delhi HC takes note of soldiers compelled to pass through drain, filth in Cantt area New Delhi: The Delhi High Court has taken judicial notice of a news report that over 3,000 soldiers of the Rajputana Rifles have to pass through a "foul-smelling and filthy drain" to move out of their barracks to go to the parade ground in Delhi Cantonment area.

      BUSINESS DEL71 BIZ-TAX-2NDLD RETURN

      Tax dept extends ITR filing due date for AY26 to Sep 15 New Delhi: The Income Tax department on Tuesday extended the due date for filing ITRs for Assessment Year 2025-26 by individuals and entities who do not have to get their accounts audited to September 15.

      DEL65 BIZ-GANGWAL-2NDLD INDIGO

      Rakesh Gangwal, family trust sell 5.72 pc stake in IndiGo for Rs 11,564 cr New Delhi: InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday trimmed their holdings by divesting a 5.72 per cent stake in the airline for Rs 11,564 crore through open market transactions.

      FOREIGN FGN44 BANGLA-PROTEST

      Bangladesh deploys paramilitary forces at secretariat as employees' protest enters 4th consecutive day Dhaka/New Delhi: Bangladesh's interim government led by Muhammad Yunus on Tuesday deployed paramilitary forces at the secretariat as protests by government employees against a new service law, which allows easier dismissal of officials for misconduct, entered the fourth consecutive day at the central administrative hub.

      FES14 NEPAL-INDIAN-CLIMBERS

      10 Indians among over 100 climbers honoured in Nepal to mark first Mt Everest ascent Kathmandu: Ten Indian climbers are among over 100 mountaineers honoured in Nepal on Tuesday to commemorate the first successful ascent of Mount Everest by Edmund Hillary and Tenzing Norgay.

      FGN9 BAHRAIN-INDIA-DELEGATION

      Indian delegation engages in diplomatic outreach across Muslim world Manama (Bahrain): Workers at Kohinoor and Evershine, two souvenir shops right at the entrance of Bab Al Bahrain, were taken by surprise when Indian parliamentarians made a surprise appearance at this historical market area of Manama Souq. By Shuja ul haq

      FGN57 SINGAPORE-INDIA-3RDLD DELEGATION

      Singapore minister says city-state stands with India against terrorism Singapore: Singapore strongly condemns all acts of terrorism and stands with India against the menace, a senior minister of the city-state told an all-party Indian parliamentary delegation on Tuesday.

      PTI RUK RUK

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