The CBI has filed a cheating case against Reliance Capital and Anil Ambani. This action stems from an alleged Rs 1,816 crore loss to the Employees’ Provident Fund Organisation. EPFO invested Rs 2,500 crore in Reliance Capital’s debentures which later defaulted. While the issue was settled earlier, ED findings prompted a new fraud case. Anil
Arvind Kejriwal announced a march to the Prime Minister’s residence on Tuesday. He demanded consumers have a choice between pure petrol and E20 fuel. Kejriwal also called for E20 fuel to be priced lower than pure petrol. He challenged the government to release scientific studies supporting the E20 fuel policy. The AAP leader advised consumers
India faces a risk of below-normal monsoon rainfall due to El Niño. A positive Indian Ocean Dipole may offer some relief to the country. This oceanic pattern could improve rainfall conditions in southern India. It might prevent the monsoon from slipping into a deficient phase. International forecasts suggest a positive IOD could develop soon.
Justice Ujjal Bhuyan questioned the Supreme Court collegium’s lack of transparency in judicial appointments. He noted that recent collegium resolutions provided no reasons for their decisions. This opacity, he argued, could allow unsuitable individuals to enter the judiciary. Citizens possess a right to know deliberations concerning judicial elevations and transfers. The JALDI report highlights varying
Nearly 5.9 crore income tax returns were filed by the July 31 deadline. This number is lower than last year’s extended filing period. Major tax concessions were announced during the last financial year. Taxpayers can still file returns until December with a penalty. Business income filers have different extended deadlines for their submissions.
India enjoyed its biggest day of the 2026 Commonwealth Games, winning 16 medals to climb to fourth in the standings with one day remaining. A historic boxing haul of seven golds and three silvers led the surge, while medals in para athletics, athletics and judo lifted India’s tally to 39 medals (13 gold, 17 silver
UPI processed 2,366 crore transactions in July, showing significant year-on-year growth. NETC FASTag transactions declined by 6% compared to the previous year. The value of UPI transactions rose to Rs 29.88 lakh crore in July. NETC FASTag transaction value also saw a decrease from the prior month. UPI handled an average of 76.3 crore transactions
Total forex mobilization under RBI’s concessional dollar swap facility has exceeded forty billion dollars. This amount more than doubled in just a fortnight, surpassing previous deposit drives. Foreign Currency Non-Resident (Bank) deposits formed the largest portion of these inflows. The facility encourages overseas fund mobilization and boosts foreign exchange reserves. This scheme remains available until
Several automakers achieved record July sales, largely due to new sport utility vehicle launches. Maruti Suzuki and Tata Motors reported significant year-on-year growth in their passenger vehicle segments. Mahindra also saw substantial increases in its utility vehicle sales during the month. Hyundai and Kia India posted their best-ever July wholesale volumes, driven by their SUV
