Business

A neutral international trade settlement system, where no single nation's domestic politics determines the monetary conditions of every other nation, has never been built—because the nation that benefits the most from the current arrangement has never faced sufficient pressure to accept an alternative

Tata Sons Chairman N Chandrasekaran has resigned and will not seek reappointment after his tenure ends in February 2027, reports said. His exit follows ongoing ownership and restructuring issues at Tata Sons. Shares of several Tata Group companies fell after the announcement

Godrej Consumer Products shares plunged 10 per cent to a 52-week low after MD & CEO Sudhir Sitapati resigned with immediate effect. The company appointed Global CFO Aasif Malbari as his successor, triggering heavy investor activity and renewed selling pressure in GCPL stock

Tata Sons Chairman N. Chandrasekaran is reportedly considering resignation before the August 18 AGM amid uncertainty over his director reappointment and differences with Tata Trusts Chairman Noel Tata. Tata group stocks, including TCS, Titan, Tata Consumer Products and Tata Power, declined

Indian equity benchmarks Sensex and Nifty fell in early trade on Wednesday as rising crude oil prices and geopolitical tensions weighed on investor sentiment. Metal and PSU bank stocks gained, while FMCG, Realty, Healthcare and IT stocks declined.

The Adani Group has selected its first cohort of innovators under the Vande Bharatam entrepreneurship initiative after receiving more than 26,000 applications. The programme aims to support grassroots innovators through mentorship, industry expertise and networking opportunities

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