Market News
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Tricked Into Buying Insurance Or Mutual Funds? RBI's New Rules Could Help You Get A Full Refund
Banks must obtain clear and informed consent before selling any financial product or service.
Tesla Regains Spark In China; Locally Made EV Sales Surge By A Fourth In June
File image of a Tesla Model S Bluefire at a service centre in Switzerland
Age Care Labs raises ₹85 crore to scale senior care services
The startup already runs two brands - Emoha, an app-based at-home care service for seniors, and Epoch, which provides assisted living and specialized eldercare services, including dementia care, palliative care, recovery and rehabilitation, and long-term care.
Meta Platforms surges 12% on report of AI cloud service plans to rival Amazon, Microsoft
Meta Platforms' shares rose nearly 12% after reports of launching a cloud computing business aimed at selling AI services. The initiative, part of Meta Compute, could position the company against Amazon and Microsoft in the AI infrastructure market.
Govt Extends Foreign Secretary Vikram Misri's Service Tenure By A Year
Misri, a 1989-batch Indian Foreign Service (IFS) officer, heldthe positions of ambassador to China, Spain, and Myanmar in addition to serving as India's deputy national security advisor (NSA).
Swedish court orders Google to pay $1.46 bn for favouring its price comparisons
A Swedish court ordered Google to pay 14.3 billion kronor ($1.46 billion) to Pricerunner for unfairly promoting its own shopping service. Details here.
Metro Rail Safety Commissioner asks BMRCL to probe after MP Surya flags repeated service disruptions
Metro safety chief has ordered Bangalore Metro Rail Corporation (BMRCL) to investigate three years of service disruptions following a complaint by MP Tejasvi Surya. The directive mandates a report on corrective measures for incidents like the recent June 23rd failure caused by a Current Collector Device fault. Surya emphasized passenger safety as paramount, urging the state government to address systemic issues impacting commuter confidence and reliability.
Debt serviceability of corporate sector continues to improve, RBI notes in FSR report
Debt serviceability of corporate sector, as measured by the interest coverage ratio (ICR), a key indicator of corporate sector vulnerability, has continued to improve, RBI noted in its financial stability report. Supported by a stronger sequential increase in gross profits relative to interest expenses, the ICR rose to 6.5 in Q4:2025-26. However, at the aggregate level, the share of vulnerable firms (ICR < 1) increased during the quarter while the debt service ratio remained below the long-term average. Strong balance sheets of the non-financial corporate sector, along with those of financial institutions, have been a key pillar of domestic financial stability, the report noted. The private non-financial corporate sector maintained robust performance in Q4:202526, supported by higher sales growth and stable operating margins.
Your electricity provider may soon have competition in Gurugram. What it means for consumers
Gurugram's power supply monopoly may soon end, with a proposal before the Haryana Electricity Regulatory Commission to introduce a second distribution company. This move aims to address infrastructure strain and unreliable power, a growing concern for residents and businesses. The introduction of competition, a model rarely seen in India, could force providers to improve service, reliability, and pricing, offering consumers much-needed choice for the first time.
Don't worry, banks have shock absorbers: RBI
In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned that rising interconnectedness among financial institutions could act as a potential channel for contagion. The report noted that cybersecurity risks have emerged as a key financial stability concern.
Don't worry, banks have shock absorbers: RBI
In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned that rising interconnectedness among financial institutions could act as a potential channel for contagion. The report noted that cybersecurity risks have emerged as a key financial stability concern.
Delhi peak power demand hits all-time high of 8,748 MW amid heatwave conditions
In an extraordinary turn of events, Delhi's power consumption skyrocketed to an all-time high of 8,748 MW on Monday, driven by a relentless heatwave. City officials commend the effective power infrastructure and strategic foresight that allowed for uninterrupted service. Nevertheless, this surge places immense pressure on transmission capabilities, with forecasts suggesting continued rises in usage throughout the season.