The upcoming Independence Day on August 15 will result in a three-day bank holiday, followed by additional closures due to regional festivals like Janmashtami and Ganesh Chaturthi. However, online banking and ATM services will continue to function during this time. In total, banks across India will be closed for approximately 15 days in August, depending on the state and regional calendar.
RBI deputy governor Swaminathan J urges PSBs to protect capital and asset quality through forward-looking buffers and stress management. He emphasizes collaboration among banks for cost reduction and efficiency through technology and digital twins.
The Indian rupee has experienced a 3.5% depreciation against the US dollar in 2025 due to a combination of global and domestic factors such as capital outflows, trade imbalances, and increased gold imports. Despite the weakening of the US dollar, the rupee has still fallen, indicating the influence of domestic pressures.
India Inc has remained stable in the first half of FY26, with more upgrades than downgrades in different sectors. Strong domestic demand, policy support, and improved balance sheets have helped companies withstand external shocks. Infrastructure, hospitality, and real estate have seen the most upgrades, while export-oriented industries and MSMEs have faced difficulties.
The Enforcement Directorate searched Reliance Infrastructure, a company of Anil Ambani Group, in Mumbai and Indore for illegal remittances abroad. The company is also under investigation for financial irregularities and loan diversion worth Rs 17,000 crore. Reliance Group denies wrongdoing and has reached a settlement. Ambani is not on the board of R Infra.
The Centre's fiscal deficit for August was 38.1% of the full-year target, higher than the previous year's 27%. In absolute terms, it was Rs 5,98,153 crore. Government receipts were Rs 12.82 lakh crore, with an estimated fiscal deficit of 4.4% of GDP. The Centre's total expenditure was Rs 18.8 lakh crore, with Rs 5,28,668 crore on interest payments and Rs 1,
ABD, a popular liquor company in India, is expanding its premium offerings to meet the growing demand for quality drinks. They have opened a new manufacturing facility for PET bottles and are set to launch an Indian single-malt whisky in 2029. The company is also investing in Telangana and Maharashtra to enhance efficiency and profits.
The USDA has issued a health warning for ready-to-eat pasta meals sold at Walmart and Trader Joe's due to Listeria contamination. This has resulted in four deaths and 20 illnesses, leading to a large recall. The affected products have best-by dates between September 22 and October 1.
IDFC First Bank predicts that RBI will maintain its current stance in October but may cut rates in December. Analysts are uncertain if a rate cut is necessary given the uncertain growth outlook. Trade tensions with the US could counteract the benefits of GST cut, leading to a decline in GDP growth. Emkay predicts a 30% chance of RBI delaying a rate cut due to lower than expected inflation.
The Indian rupee reached a historic low of 88.79 against the US dollar due to foreign outflows and trade uncertainties. However, a decrease in oil prices and a weaker dollar limited the decline. The market is anticipating the Reserve Bank of India's interest rate decision. The rupee is projected to trade between 88.50 and 89.00 on Wednesday.
Doja Cat's "Tour Ma Vie" world tour dates for her album "Vie" were announced on Monday, Sept 29 via her Instagram. The tour will cover Latin America, Europe, the UK, and North America, starting on Feb 5, 2026 in São Paulo and ending on Dec 1, 2026 in New York. Tickets, including VIP packages, will be available through presales and general sales.
Tata Motors' demerger has sparked concerns over the performance of its JLR business, leading to downgraded ratings. However, the company's PV business shows promise with a 45% share from CNG and EVs. The demerger is proceeding as planned, with an effective date of October 1, and the company anticipates an increase in demand for its PV and CVs.
BHEL secures a major work order worth Rs 13,000-15,000 crore to build two thermal power plants in Madhya Pradesh, including equipment supply, erection, and commissioning, to be completed in 57 months. In addition, the company receives a favourable order from the Commissioner of Customs & Central Tax for a GST demand matter of Rs 10.76 crore, including demand, penalty, and interest.
ICRA has lowered its projection for airport passenger traffic growth in FY26 to 5-7% YoY, citing cross-border tension and lower aircraft availability after the Air India crash. The rating agency has also revised its estimates for airport passenger traffic from 7-9% to 43-44 crore. International travel is expected to drive moderate growth, while air cargo volume growth is likely to slow to 4%.
Some never learn from their failures and Pakistan is one such entity that thinks that by brazenly repeating a lie year after year it can give its incredulous Kashmir charade a semblance of legitimacy.
Heavy rainfall on Tuesday left large parts of Delhi and NCR struggling with severe waterlogging and traffic jams. One of the worst-hit areas was the Zakhira underpass, where commuters were seen wading through waist-deep water.
The city of Mysuru transforms into a visual treat every year when the festival of Dasara arrives. Every year, around this time Mysuru turns into a hub of cultural events, usually a mix of modern and ancient, and draws massive crowds from people across the country.
Motilal Oswal reaffirms 'Buy' rating on Bharat Electronics, with a target price of Rs 490, citing potential 24% upside. The company's recent major order from the Indian Army for a missile project, along with other defence contracts and export opportunities, is expected to drive growth. With a solid order book and cash surplus, Bharat Electronics is well-positioned for sustained growth.
Actor Kim Soo Hyun has reportedly submitted around 150 “love letters” in an effort to prove his innocence in the late Kim Sae Ron case, emphasising that they were not dating during his military service.
Man Industries' share price plummeted by 13% following a penalty of Rs 25 lakh and a two-year trading bar imposed by SEBI. The company assures that this will not impact its financial standing and investors can continue trading its shares. The SEBI order pertains to previous issues and the company remains optimistic with a robust order book, increased margins, and adherence to regulations.
Urban Company, a home services platform, is facing a show-cause notice from the Directorate General of GST Intelligence for not paying Rs 51.3 crore in taxes. The notice includes a penalty and interest for tax evasion. The company has been paying 5% GST under Section 9(5) of the CGST Act 2017, but the authorities claim that this should also include appliance repair, and painting services.
RBI has allowed banks to provide working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. This move will benefit borrowers and provide greater flexibility to lenders. The central bank has also revised the eligible limit for perpetual debt instruments, allowing banks to raise more Tier 1 capital from overseas markets.
Paramjeet Kaur, a 19-year-old singer and rapper from a small village in Punjab, has become a sensation in the music industry with her hit hip-hop track 'That Girl'. Produced by Manni Sandhu, the song has gained over 3.5 million views on YouTube in a matter of days. Fans have compared her to the late Sidhu Moosewala, dubbing her the 'female Moosewala'.
India and the European bloc EFTA have signed a free trade agreement, effective Wednesday, with a commitment of USD 100 billion in investments over 15 years. The deal includes lower or zero duties on Swiss watches, chocolates, and diamonds, and the creation of one million jobs. It also allows for Indian exporters to enter the EU market
Indian man extradited from India to US for a 20-year-old car crash that killed husband and father of two. Ganesh Shenoy, 54, allegedly fled to India after the accident and evaded law enforcement for decades. He is charged with second-degree manslaughter and faces up to 15 years in prison if convicted. Shenoy's passport was seized and he pleaded not guilty.
In India, informal clubs are being formed to provide emotional support and business insights to founders. The newest chapter in Bengaluru, called BFC, was founded by Devarsh Saraf with the goal of creating a close-knit community for entrepreneurs to learn from each other and combat feelings of isolation. This trend reflects a shift in how founders seek support beyond just financial capital.
Flexi cap mutual funds have gained popularity among investors, with net inflows of Rs 468 billion in 2024 and 2025, and Assets Under Management of Rs 5 trillion. These funds have the potential to generate alpha and have outperformed their benchmark index. Top-performing flexi cap funds include Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund.
ADB revises growth outlook for developing Asia and the Pacific, projecting 6.5% growth for India in 2025 and 2026. Despite strong public spending and rural demand, lower exports and consumption have impacted GDP growth. Manufacturing and construction sectors improve, services PMI remains strong. Inflation to ease this year and increase modestly next year, with global trade uncertainty.
Solarworld Energy Solutions had a successful stock market debut, with a premium of 11% over the IPO price. The stock was listed on NSE and BSE, opening at Rs 389 and Rs 388.50 respectively. The IPO had a high demand of 68.49 times and raised funds for a 1.2 GW solar PV manufacturing facility and general corporate purposes.
Tamil Nadu YouTuber Felix Gerald was arrested for allegedly making defamatory and misleading remarks about the stampede at TVK leader Vijay's rally, where 41 people lost their lives. The police warned against spreading misinformation and urged cooperation with the investigation. The state government has appointed a commission of inquiry and promised stricter guidelines for crowd management.
Jaro Institute's IPO was listed at Rs 890 per share, but is now down 7%. The issue was subscribed 23.20x, with strong support from investors. The GMP trend has fallen to 5% from 10-15%, but analysts believe the stock is fairly priced and has strong growth potential. Jaro's track record and diverse course offerings make it a promising investment.
BJP leaders mourn the loss of Vijay Kumar Malhotra, a 93-year-old veteran who was a five-time MP and two-time MLA from Delhi. He was a prominent figure in the party, serving as President of the Delhi Pradesh Jana Sangh and BJP Delhi Pradesh twice. His passing is a great loss to the BJP family and his contributions to the party in Delhi will always be remembered.
Anand Rathi Share and Stock Brokers had a successful debut on the NSE, opening at a 4% premium. The IPO was oversubscribed by 21.83 times and the stock was trading at a premium in the grey market. The company saw a 34% increase in net profit in FY25 and offers full-service brokerage.
Amit Shah to inaugurate projects worth Rs 1800 crore by Delhi Jal Board, including sewage treatment plants and booster pumping stations. These initiatives will greatly benefit lakhs of Delhi residents and improve the city. BJP's Seva Pakhwada, running for two weeks, to end on October 2.
The Indian High Commission in London has strongly denounced the recent vandalism of Mahatma Gandhi's statue near a university campus. The incident, which coincided with Gandhi's birth anniversary and the International Day of Non-Violence, has been deemed as a "violent attack on nonviolence." The Indian team is taking action to restore the statue and has raised the issue with local authorities.
The U.S. government's campaign against Harvard University has escalated as the Department of Health and Human Services has referred the school to the office responsible for suspension and debarment proceedings. This comes after the Office for Civil Rights cited allegations of discrimination against Jewish and Israeli students, giving Harvard 20 days to seek a hearing.
Indian equity indices opened higher on Tuesday, with the NSE Nifty 50 and BSE Sensex both up by 0.26% and 0.35% respectively. The Bank Nifty also opened higher by 0.51%, while small and midcap stocks also saw gains. However, the market structure remains weak due to sustained FII selling and a lack of positive triggers. Early gainers included Adani Ports, Sun Pharma, and NTPC.
President Donald Trump shared a racist, AI-generated video targeting House Minority Leader Hakeem Jeffries and Senate Minority Leader Chuck Schumer on Monday. The video showed Jeffries with a sombrero and fake moustache, while Schumer spoke in a fake voice, spreading claims about Democrats and minority voters.
A 33-year-old software engineer in Gurugram allegedly strangled his wife during a fight and then committed suicide, sending a video confession to friends before taking his own life. The couple's bodies were found by police after being alerted by a friend. Police are investigating deleted messages and call logs to determine the events leading up to the tragedy.
Advance Agrolife is launching its IPO on September 30, with a book build issue worth Rs 192.86 crore. The price range is Rs 95 to Rs 100 per equity share, and the IPO ends on October 3, with a predicted listing date of October 8. The grey market is trading at Rs 115, and retail applicants can bid for 150 shares. The company produces agrochemicals for key Indian crops.
The US Department of Labor (DOL) has launched Project Firewall, an enforcement initiative targeting misuse of the H-1B visa program. The move is being projected as a way to safeguard American jobs, wages, and opportunities, but it also brings new challenges for immigrants and employers who rely on the program.
Congress MP Shashi Tharoor and Leader of Opposition VD Satheesan are worried about Air India Express cancelling many flights from Kerala airports in the winter schedule. Tharoor has asked the airline's CEO and MD to prioritise Kerala, while Satheesan has written to the Civil Aviation Minister expressing concern on behalf of the people.
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have put forward a "20-point" plan to achieve peace in Gaza, which includes releasing hostages, demilitarizing the region, and creating a peaceful civilian administration. The plan has received support from eight Muslim-majority nations and the Palestinian Authority, while the militant group Islamic Jihad opposes it.
Nicole Kidman and Keith Urban were once Hollywood’s power couple, sharing a bond that fans admired for years. But after 19 years of marriage and two daughters, the pair have now separated.
Google's YouTube has settled a lawsuit with former President Donald Trump for $24.5 million after his account was suspended following the Jan. 6 attacks on the Capitol. $22 million will go towards the Trust for the National Mall and a White House ballroom, with the remaining $2.5 million paid to other parties involved. This is the third major technology company to settle with Trump.
Hyderabad-based startup Equal, founded by Keshav Reddy and Rajeev Ranjan, has launched an AI-powered call assistant to combat spam and provide real-time call transcripts. The service, which will debut on October 2 for 10,000 Android users in Delhi NCR, boasts a 94% spam detection rate and 87% reduction in call interruptions. Equal is backed by investors like Prosus and Blume Ventures.
Trump and Netanyahu have proposed a 20-point plan to end the Gaza war and free hostages, but it relies on conditions Hamas has rejected. Trump believes Hamas is weakened and will accept. Qatar and Egypt are reviewing, while the Palestinian government and some Arab leaders support it. However, tension remains, and some points are not mentioned.
Vodafone Idea has filed an amended petition to the Supreme Court, seeking to scrap the penalty, interest, and interest on penalty that make up its adjusted gross revenue (AGR) dues. The company argues that the additional charges are unjustified due to the uncertainty over the correct liability. The case has been deferred to October 6.
Tata Capital's upcoming IPO has a price band of Rs 310-326 per share, much lower than its current unlisted market price of Rs 735-765. It is also 5-10% lower than the rights issue price of Rs 343 per share. The IPO is expected to raise Rs 15,512 crore and market analysts are optimistic about its success.
Trump's 100% tariff on foreign films may harm Indian cinema's overseas business as the US is a key market for big-budget movies. This could also impact distribution deals and release strategies. The announcement on Truth Social lacks details and the legal justification for the tariffs is uncertain, according to experts.
Zoho's messaging app, Arattai, has experienced a massive increase in daily sign-ups, going from 3,000 to 350,000 in only three days. This growth is attributed to government support, social media attention, and its reputation as a secure and privacy-focused alternative to popular apps like WhatsApp.