RBI sets new guidelines for investment in AIF, limiting individual-regulated entity investment to 10% and collective exposure to 20%. Revised guidelines allow REs to invest up to 20% of AIF corpus with stricter monitoring and exemptions for certain AIFs. Experts advise regulated entities to improve internal mechanisms for managing investment portfolios.
Pakistan's Defence Minister Khwaja Asif praises China's unwavering support and mentions that 80% of their weapons are sourced from them. He also highlights the strong bond between the two countries and downplays any concerns about their relationship with the US.
Punjab Police successfully extradited BKI terrorist Pindi from UAE with the help of central agencies. Pindi is a close aide of foreign-based terrorists and has been involved in multiple heinous crimes in the Batala-Gurdaspur region. A four-member team led the extradition, acting on a Red Corner Notice.
The Enforcement Directorate has filed a chargesheet against Raj Kundra for his involvement in a Bitcoin scam worth Rs 150 crore. Kundra allegedly acted as a mediator and failed to provide evidence of his innocence. He also conducted suspicious transactions with his wife, Shilpa Shetty, to hide the source of the illegally obtained funds. Rajesh Satija has also been named as a co-accused.
Intuitive, a major medtech company, has halted H-1B sponsorships due to the recent proclamation signed by US President Donald Trump. The company, which has over 10,000 employees, has paused offers to candidates who require H-1B visa sponsorship. The new proclamation imposes a $100,000 fee on new H-1B visa applications, causing chaos and uncertainty for companies like Intuitive.
The Des Moines Public School Superintendent, Ian Roberts, was arrested by federal immigration agents after fleeing into the woods during a traffic stop. ICE revealed that Roberts was in the country illegally and had a final removal order. Despite being described as a dynamic leader and a beacon of light in the diverse school district, he was eventually taken into ICE custody.
Lisa Monaco, President of Microsoft Global Affairs, has been in the spotlight after US President Donald Trump called for her termination. Monaco, who previously served as Deputy Attorney General and Deputy National Security Advisor, aims to promote responsible innovation and protect against emerging threats at Microsoft. She holds degrees from Harvard and the University of Chicago Law School.
Indian Army issues tender to buy Anant Shastra air defence missile system from BEL to strengthen defence along borders with Pakistan and China. Estimated to cost Rs 30,000 crore, the system is highly mobile and agile with a range of 30 km. It complements existing systems and has been extensively evaluated.
US late-night talk show hosts Stephen Colbert and Jimmy Kimmel face backlash and suspension for criticizing the Trump administration. However, they are still among the highest-paid TV hosts, with Kimmel earning $16 million annually. Footballer Tom Brady takes the top spot, followed by celebrity chefs Guy Fieri and Gordon Ramsay. Notably, several women, including Judy Sheindlin and Rachel Maddow.
Rohit Saraf, known for his role in Netflix series 'Mismatched', has gained immense popularity among rom-com-loving audience in India. Recently featured in Farah Khan's viral YouTube vlog, his Mumbai home is a perfect blend of comfort, modern elegance. As he gears up for his upcoming film 'Sunny sanskari ki Tulsi Kumari', take a sneak-peek into his luxurious yet humble abode
The FBI has terminated approximately 20 agents for participating in a racial justice protest where they were photographed kneeling. The FBI Agents Association has condemned the firings, claiming they were illegal and a result of Director Kash Patel's lack of respect for legal rights. This is part of a larger personnel purge under Patel's leadership.
India and Sri Lanka's Asia Cup super 4s cricket match ended in a tie, with India ultimately winning in a super over. Sanju Samson was the standout player, breaking MS Dhoni's record for most sixes hit by an Indian T20I wicketkeeper. Social media was abuzz with praise for Samson's impressive wicket-keeping and batting skills.
Assamese singer Zubeen Garg's sudden death in an accident has left the state mourning. His debut album 'Anamika' resonated with a generation dealing with identity crisis and political unrest. Garg's unique blend of Western and Assamese music made him an adored icon, inspiring young musicians.
The Indian government is focusing on developing a robust digital public infrastructure (DPI) to meet the increasing demands of the public and boost economic growth. Initiatives such as Aadhaar, UPI, and ONDC are revolutionizing infrastructure, governance, and public services. Experts at a conference emphasized the significance of inclusive and scalable digital systems.
Tata Motors undergoes top-level restructuring with Girish Wagh and Shailesh Chandra taking over commercial and passenger vehicle units. The demerger, approved by NCLT, appoints Chandra as MD and CEO of Tata Motors, with Wagh leading TML Commercial Vehicles. Group CFO resigns and new appointment made.
UNIQLO, a Japanese apparel brand, opened its 18th store in Pune as part of its nationwide expansion. With a 60% CAGR and revenue of ₹1,000 crore in FY25, the brand plans to focus on metro cities, e-commerce, and increase local sourcing from India to secure global leadership in the apparel industry.
Milind Soman, the ageless model and actor, will turn 60 in November. His key to staying young is a balanced diet and staying active. He starts his day with whole fruits and avoids processed foods, prioritizing satisfaction over calorie counting. For dinner, he opts for dal, rice, and vegetables. His 86-year-old mother also stays fit, encouraging others to prioritize their health at any age.
India remains firm in its stance in defending skilled workers and legal immigration. The country's External Affairs Ministry emphasizes the mutual benefits of skilled worker flow and stays involved in the developing situation. The recent $100,000 fee imposed by Trump on new H-1B applications will greatly affect Indian nationals, leading to uncertainty and job loss in the IT sector.
Experts and leaders in the industry are urging for the expansion of the DPDP Act to tackle the challenges of a data-driven economy and the rise of AI. The Act, set to be notified by September 28, will bring clarity on consent, data storage, and user rights. However, there is also a need for a stronger regulatory framework for AI and increased awareness among citizens about privacy risks.
Icra downgrades domestic air passenger growth forecast for FY26 to 4-6% due to slow growth and factors like cross-border tensions and travel reluctance. International air traffic growth for Indian carriers also revised to 13-15%. Aviation sector to suffer net losses of Rs 9,500-10,500 crore in FY26 due to low passenger growth and supply chain issues. 133 aircraft currently grounded.
Tata Capital, part of the Tata Group, has filed a red herring prospectus with Sebi and the bourses for its mega IPO. The IPO will include a fresh issue of 210 million shares and an offer for sale of 265.8 million shares. It is expected to open on October 6 and could raise up to Rs 17,500 crore, making it the largest IPO.
India strongly denounced Pakistan's PM Shehbaz Sharif's false victory claims and nomination of Trump for the Nobel Peace Prize at the UN General Assembly. First Secretary Patel Gehlot reminded of Pakistan's history of sheltering terrorists and sponsoring terror outfits. She urged Pakistan to hand over wanted terrorists to India, stating that their lies and theatrics cannot conceal the truth.
U.S. lawmakers are questioning major companies like Amazon and Apple about their use of H-1B visas for foreign workers while cutting jobs for Americans. The Trump administration is proposing a $100,000 fee and new selection process for these visas, which are dominated by India. Senators are also requesting details on the number and wages of H-1B workers and if they have displaced American workers.
Democratic lawmakers are demanding the release of the Epstein Files, which disclose connections between Jeffrey Epstein and public figures like Elon Musk and Bill Gates. The documents also mention meetings with Steve Bannon and Peter Thiel, and a possible trip to Epstein's island for Musk. Prince Andrew, Bill Clinton, and Larry Summers are named as passengers on Epstein's private jet.
Intel India is advocating for policy intervention to address the digital divide in education. They propose GST relief on computers for educational use and are partnering with edtech companies to provide AI-enabled learning tools. The company's focus on local AI processing for privacy and scalability is driving the adoption of AI PCs in India.
India's top solar panel producer, Waaree Energies, is being investigated in the US for violating anti-dumping laws by falsely labeling solar cells from China and Southeast Asian countries as made in India. The company claims to follow all local laws, but its stocks dropped by 7%. Despite the probe, Waaree is determined to grow its US manufacturing presence.
Tata AIG General Insurance has suspended cashless claim settlements at Max Healthcare hospitals due to a disagreement over tariffs. This could impact patient safety and quality of care, as other insurers have also followed suit. Max Healthcare has set up a desk for reimbursements, but there are no ongoing discussions with Tata AIG.
NCCF aims to increase its turnover by 45% to Rs 12,000 crore in FY26 through robust procurement of agri-commodities under the PSS. The cooperative has already seen significant growth in procurement and plans to expand operations further. It has also launched its own brand and is in talks to open more outlets in major cities.
Escape the city and explore the hidden gems of New York state on a road trip in a Land Rover Defender 130. The Finger Lakes region boasts serene lakes, vineyards, and historic towns, perfect for a weekend getaway. Don't miss the stunning gorges and waterfalls in Ithaca and the local food and wine on the Cayuga Lake Wine Trail.
U.S. trade negotiators are urging India to decrease its Russian oil imports as part of a trade deal. Despite progress, the U.S. is worried about India's market access, trade deficit, and oil purchases. President Trump has used tariffs to push his agenda, but has not targeted China for their Russian oil purchases. India has defended its imports, claiming they are necessary.
The U.S. Transportation Department has implemented stricter rules for non-citizens obtaining commercial driver licenses after a fatal crash and audit. California must pause issuing licenses to non-citizens and undergo federal immigration checks or risk losing federal highway funds. The audit found problems with non-citizens receiving licenses and a lack of English proficiency among truck drivers.
President Donald Trump plans to impose a 100% tariff on pharmaceuticals imported into the U.S., unless firms build a manufacturing presence in the country. The European Union and Japan are exempt from this tariff due to previously negotiated trade deals. However, Britain, which has a pending trade deal with the U.S., is not exempt.
Pakistan's PM praises Trump for promoting peace in South Asia and credits him for facilitating a ceasefire between India and Pakistan. Sharif also supports Trump's nomination for Nobel Peace Prize. However, Indian leaders deny any third-party involvement in the ceasefire, stating it was the result of direct talks between the two countries.
President Trump has presented a 21-point peace plan to Muslim-majority leaders in hopes of resolving the conflict in Gaza, but a resolution remains elusive. Despite productive negotiations, Israel faces global criticism for its actions in Gaza, which have been labeled as genocide. Both Hamas and Israel are aware of the talks, but a quick end to the war is not guaranteed.
Mercedes-Benz India's MD & CEO, Santosh Iyer, showcases the G-Class SUV's impressive capabilities of navigating challenging terrain with ease. He also discusses the positive impact of GST 2.0 on luxury car prices and the growing number of millionaires in India. Despite challenges, Mercedes-Benz remains focused on value over volume and is expanding its reach.
In 2024, Sensex reaches an all-time high of 85,836 points but experiences a sharp decline due to US tariffs, foreign selling, and low corporate earnings. Nifty and Sensex both fall 6%, with other indices performing even worse. Experts suggest being cautious in return expectations, but remain optimistic about growth potential with GST 2.0 and RBI rate cut.
On Saturday, Prime Minister Narendra Modi will inaugurate over 97,500 mobile 4G towers worth ₹37,000 crore, marking the commercial launch of BSNL's Swadeshi 4G network and the 4G Saturation Project. This initiative positions India as the fifth country in the world to design and manufacture its own telecom equipment, showcasing India's self-reliance.
The government is expediting the creation of 11 industrial smart cities, with construction starting on eight by November 30 and 11 by December 31. Contracts for four more cities will be awarded soon. These cities are projected to bring in investments of Rs 1.5 lakh crore and generate 10 lakh direct and 30 lakh indirect jobs.
XLRI Delhi-NCR's PGDM-IEV programme is revolutionizing the Indian business education landscape by focusing on fostering a mindset of innovation and entrepreneurship. With a unique ecosystem of mentorship and resources, students are immersed in practical learning and have achieved national recognition for their ventures.
Hindustan Unilever (HUL) faces short-term sales impact in Q2FY26 due to GST 2.0 reforms, expects recovery to start in November. New GST rates have dual impact on FMCG companies, with kiranas struggling to pass on price benefits while modern trade transitions smoothly. Most FMCG companies anticipate new inventory with revised prices to hit stores.
PFRDA proposes new investment options for pension funds including gold and silver ETFs, venture capital funds, and private credit. This will increase portfolio flexibility and potentially boost returns. NPS currently allows investment in equities, government securities, and alternative investment funds. The regulator also suggests reducing compulsory annuitisation and allowing early exit.
Benchmark indices, Sensex and Nifty, extended their losing streak for the sixth consecutive session as the Sensex dropped 733.22 points and Nifty declined 236.15 points. Pharma and IT stocks were the major contributors to the decline, driven by trade tensions and worries over visa fees and growth prospects.
India's GDP growth in the first quarter of FY26 was largely driven by domestic demand, which is expected to continue in the next half year. The government's focus on domestic consumption and GST reform aims to boost growth and protect against external risks. While the external sector remains strong, uncertainties and risks remain.
The festive season in India sees a spike in shopping, fueled by attractive offers from e-commerce platforms. While these purchases are a crucial part of celebrations, they can strain budgets if not planned wisely. This is where zero-cost EMI comes into play, allowing consumers to make big-ticket purchases without disrupting their monthly cash flow.
Pension fund regulator proposes to reduce mandatory annuitisation level to 20% from 40%, giving subscribers more flexibility to utilize their retirement savings. However, the additional 20% withdrawn as lump sum will be taxed at marginal rate. Early exit option after 15 years also proposed. This makes NPS more attractive, especially for younger participants.
Under the Income Tax Act, F&O transactions are considered non-speculative business transactions and can be offset against long-term capital gains. HRA exemption only applies to rent paid for the employee's own residence, not for dependent parents. As an Indian resident, global income is subject to taxation, including capital gains from foreign shares. Unlisted shares are also subject to LTCG tax.
Gold prices are on the rise ahead of the festive and wedding season, putting pressure on the rupee. The rupee has hit record lows against the dollar. Gold imports have also increased, reaching a nine-month high, and are expected to continue due to the upcoming celebrations. Investors are turning to gold as a hedge against inflation and currency depreciation.
Delhi HC allows Priya Kapur to submit list of assets in sealed cover in legal battle with Karisma Kapoor's children over Sunjay Kapur's estate. Court orders parties to not disclose any information to the press. Kapur's request for NDA denied, settles for sealed cover submissions. Heirs have unquestionable right to know details of estate. Assets to be shared with Sunjay's mother and children.
The Centre has lowered its market borrowing target to Rs 6.77 lakh crore for the second half of the fiscal year, with a reduced share of long-tenure bonds. The fiscal deficit target of 4.4% of GDP will be met through market borrowings, small savings, and external debt. The government is exploring alternative borrowing tools due to reduced demand for ultra-long bonds.
The Supreme Court has reversed its previous ruling and approved JSW Steel's resolution plan for Bhushan Power and Steel. The decision upholds the creditors' judgment and condemns efforts by former owners to delay proceedings. This landmark ruling brings clarity and establishes that companies cannot be punished for making a profit from insolvency acquisitions.
Durga Puja, is set to begin on September 27th and continue till October 2nd. The festival is celebrated across the country with grand pandals depicting the defeat of the demon king Mahishasura by Goddess Durga. In Mumbai, the Bengali community is gearing up for the festivities with top pandals like Bengal Club, Balkanji Bari, MBCA Durga Puja, North Sarvajanik Durgotsav, etc