Business

India’s net direct tax collections rose 23.09 per cent to Rs 8.11 lakh crore as of August 10, according to government data. Gross collections increased 19.75 per cent, while refunds stood at Rs 1.43 lakh crore during the period

Tata Trusts vice-chairman Vijay Singh has stepped down as a trustee of Sir Ratan Tata Trust and will not seek another term. His exit comes amid differences among trustees and an inquiry into alleged violations of board composition norms

TCS and Google Cloud have launched a Gemini Experience Center in Mexico City, their second in Latin America and ninth globally. The facility will use AI agents and industry-specific solutions to help organisations improve innovation, productivity and data-driven decision-making.

RBI Governor Sanjay Malhotra urged banks to maintain meaningful human oversight while deploying artificial intelligence, stressing that accountability for AI-driven decisions must remain with banks. He called for explainable models, stronger governance, data privacy, bias controls and safeguards against cybersecurity risks

A US federal judge permanently dismissed securities-fraud charges against Adani Group chairman Gautam Adani, his nephew Sagar Adani and former executive Vneet Jaain, ending the case before trial. The court cited legal grounds but stressed the dismissal was not a verdict on allegations

The government has extended the PM E-DRIVE scheme to March 31, 2028, with a Rs 11,900 crore outlay to boost EV adoption, charging infrastructure and domestic manufacturing. Electric two-wheelers will receive incentives of up to Rs 5,000 per vehicle, subject to eligibility

Orders placed by the Military Affairs Department through Government e-Marketplace have crossed Rs 1.35 lakh crore, accounting for nearly 15 per cent of GeM procurement, Commerce Minister Piyush Goyal said. He added that purchases through the portal exceeded Rs 20 lakh crore over 10 years

Indian benchmark indices ended marginally higher on Monday, with the Sensex gaining 43.27 points and the Nifty rising 13.15 points. Higher crude oil prices and geopolitical uncertainty tempered sentiment, while encouraging corporate earnings and weaker US jobs data provided support

The rupee declined 11 paise to settle at 95.28 against the US dollar, pressured by a firm greenback and higher crude oil prices. FII inflows provided some support, while uncertainty over West Asia talks weighed on the local currency

The government collected Rs 10,463 crore in customs duty on gold, silver and platinum between May 13 and August 2, Parliament was informed. Gold accounted for Rs 10,040 crore, while silver and platinum contributed Rs 328 crore and Rs 95 crore

Indian equity markets traded mildly higher on Monday, supported by resilient domestic demand, strong corporate earnings and continued foreign investor buying. Sensex and Nifty gained around 0.2 per cent, while healthcare and IT stocks advanced as crude oil prices rose

Titan Managing Director Ajoy Chawla said the company's growth momentum has continued into July after a strong first quarter. He expects healthy jewellery growth, stable gold prices and rising demand across business segments to support Titan's growth trajectory and FY30 targets

Crude oil prices, West Asia tensions and upcoming inflation data are expected to influence Indian stock markets this week. Investors will also track Strait of Hormuz developments, foreign investor flows and quarterly earnings, while CPI and WPI data are due

Four of India’s top 10 most valued companies gained nearly Rs 1.43 lakh crore in market capitalisation last week, led by SBI, while six firms lost around Rs 1.23 lakh crore. Sensex and Nifty ended higher despite market volatility and uncertainties

The Finance Ministry has clarified that UPI payments will remain free for consumers, with any future merchant discount rate (MDR) applicable only to select high-value merchant transactions at nominal rates.

Union Cooperation Minister Amit Shah urged urban cooperative banks to change their perception of the RBI, citing its recent support for the sector. He also called for all 1,400 UCBs to join NUCFDC, highlighting its benefits in technology, compliance and cybersecurity

The US Senate's approval of a bill allowing tariffs of up to 100 per cent on major importers of Russian energy has raised concerns over Indian engineering exports. EEPC India warned that additional levies could affect the competitiveness of Indian shipments

The government has signed strategic MoUs with industry leaders and ecosystem enablers to strengthen support for DPIIT-recognised startups. The partnerships aim to improve access to digital payments, technology, mentorship, investment, global markets, skilling and capacity-building opportunities

Crude oil prices may remain volatile next week as markets monitor developments around the Strait of Hormuz. Experts said the Indian rupee could strengthen further against the US dollar if geopolitical risks remain contained and crude prices stay under pressure

Indian equity benchmarks posted weekly gains for the second consecutive week, supported by lower crude oil prices and strong Q1 FY27 earnings. Nifty gained 0.77 per cent, while Sensex added 0.52 per cent during the week amid broad-based buying.

India’s gig economy is not just a story of flexibility and opportunity, but also one of workers paying the price of that flexibility through skipped meals, poor nutrition, and declining health

While the private sector’s rising R&D spending is a welcome shift, it alone cannot bridge India’s technology gap

The government held technical discussions with Meta over deepfakes, child sexual abuse material and unlabelled AI-generated content on its platforms. Meta explained its systems and proposed solutions, while officials sought specific measures and results to address harmful content and algorithmic concerns

The rupee ended nearly flat on Friday, gaining 2 paise to 95.20 against the US dollar, as risk aversion over uncertain Iran-Oman negotiations and higher crude prices weighed on sentiment. Markets remained cautious ahead of the weekend and US jobs data