Business

Infosys has inaugurated a new Centre for Advanced AI, Cybersecurity, and Space Technology in Hubballi, Karnataka. Part of its global Living Labs network, the facility enhances digital innovation and pushes its local workforce beyond 1,000 employees

RBI Governor Sanjay Malhotra dismissed US President Donald Trump's "dead economy" jibe, asserting that India is doing well and contributing 18% to global growth—more than the US. Inflation won't be impacted by potential oil-related sanctions, he added

JK Tyre launched its luxury Levitas tyre range at a stylish supercar showcase in Mumbai. Featuring top motorsports names like Akhilesh Reddy and Gaurav Gill, the event also introduced the 2025 India Racing Festival and record-setting stunts at Umling La Pass

RBI Governor Sanjay Malhotra assured that the central bank will continue to take necessary steps to support India’s economic growth amid global trade uncertainties. He also expressed optimism about an amicable resolution to ongoing trade negotiations

US tariffs on Indian exports, set to take effect August 7, will have a minimal GDP impact of 0.19%, affecting $8.1 billion in trade, says PHDCCI. The think tank has outlined a four-pronged plan to manage the fallout.

The Reserve Bank of India on Wednesday kept the repo rate steady at 5.5% after three consecutive cuts, citing global tariff uncertainties. The FY26 growth forecast remains at 6.5%, while inflation projection is lowered to 3.1%.

According to sources, Reliance Group Chairman sought to deny any involvement in the case, maintaining that all the financial decisions were taken by the internal board of his companies

New Delhi calls the threat of additional tariffs “unjustified and unreasonable”

Over 84,000 gaming account credentials were leaked in India in 2024, according to cybersecurity firm Kaspersky. The Asia-Pacific region leads globally in gaming-related data breaches, with over 11 million accounts exposed worldwide amid rising mobile and digital penetration

The Centre informed Parliament that 48 passengers were placed on India’s 'no-fly list' till July 30 this year due to unruly behaviour. The DGCA rules prescribe bans ranging from three months to over two years based on severit

Income tax returns filed online must be verified within 30 days, or they will be considered invalid. With the AY25-26 deadline set for September 15, tax experts urge users to complete the e-verification step to ensure their returns are processed

The company has declared an interim dividend of Rs 4 per equity share, to be paid on or before August 21

The US President had mounted a sharp attack on India and Russia for their close ties and said the two countries can take their “dead economies down together”

The Aerocity facility, currently in the final stages of construction, is expected to command a monthly rent of around Rs 25 lakh

Tesla awarded Elon Musk $29 billion worth of stock, months after a court struck down his earlier $56 billion pay. The new shares match terms of the old plan. Musk has appealed, and Tesla is reviewing his compensation

In a world shouting for our attention, boredom is resistance. It is a quiet rebellion against the tyranny of productivity

The NPPA has cut retail prices of 35 essential medicines, including antibiotics, anti-diabetics, and cardiovascular drugs, to make healthcare more affordable. Retailers must comply or face penalties under DPCO and the Essential Commodities Act

India may face a $9–11 billion spike in oil import costs if US penalties force it to cut Russian crude. With EU sanctions also tightening, refiners like Reliance and Nayara could lose margins, affecting inflation and fuel pricing.

SBI Research expects the RBI to cut the repo rate by 25 basis points in August, citing soft inflation, early festive demand, and global headwinds. It warns against delayed action that may miss the current policy window

Indian government sources clarified on Saturday that there is no pause in Russian oil imports, countering President Trump’s claim. They said India’s energy decisions are based on national interest and market prices, with no halt reported by Indian refiners.

The Reserve Bank of India is expected to maintain the status quo on repo rates in the August 6 MPC meet, as per HSBC Global Investment Research. The report projects 7 per cent GDP growth in upcoming quarters despite inflation and corporate margin pressures

Shares of Reliance Power and Reliance Infrastructure hit their lower circuit limits after the ED summoned Chairman Anil Ambani in a money laundering probe. The case involves alleged loan diversions exceeding Rs 17,000 crore across his group companies

NSDL’s IPO was oversubscribed 15 times on the final day, driven by strong interest from NIIs and retail investors. The grey market premium rose to Rs 937. Share allotment is on August 2, and listing is set for August 6, 2025

Gold prices dipped Rs 400 to Rs 97,620 per 10 grams in Delhi, tracking weak global cues and persistent selling by stockists. Silver prices tumbled Rs 2,500 to Rs 1,09,500 per kg as investor sentiment weakened due to US Fed’s hawkish stance