The Reserve Bank of India has firmly stated its opposition to legalizing cryptocurrencies, citing concerns about their potential to fund illicit activities like drug trafficking and terrorism. The central bank emphasized the challenges in regulating virtual digital assets, particularly for emerging economies like India. In contrast, the Institute of Chartered Accountants of India sees VDAs
The Indian rupee weakened against the dollar, closing at 95.4, as oil marketing companies reportedly resumed significant dollar purchases for upcoming crude oil imports. This renewed demand for dollars, despite positive global sentiment for Asian currencies and lower oil prices, has raised concerns about rupee volatility. Experts anticipate a potential return to stronger rupee levels
Abu Dhabi’s International Holding Company is significantly expanding its partnership with the Adani Group by investing $11.5 billion in a massive integrated aluminium project in Odisha. This joint venture will establish one of India’s largest aluminium hubs, featuring a refinery, smelter, and power plant. The move comes as Adani Enterprises also launched a $1 billion
The AI boom is driving up the cost of everyday electronics, a phenomenon dubbed ‘chipflation’. Memory chip prices have surged dramatically, impacting everything from smart TVs and smartphones to kitchen appliances. Manufacturers are diverting chip production to AI infrastructure, leading to scarcity and price hikes for consumers. This could significantly slow down upgrades for budget-conscious
Bank of Baroda has settled a major legal dispute, agreeing to pay $600 million to administrators of the collapsed NMC Health group. This out-of-court agreement concludes years of litigation concerning cross-border insolvency and alleged fraud following NMC’s 2020 downfall. The payment will be distributed to creditors, with the bank’s shares seeing a reaction to the
Campus hiring faces a new wave of sophisticated cheating, fueled by GenAI. Recruiters are battling hidden devices, AI tools, proxy candidates, and ghost coders. To counter this, companies are increasingly deploying AI-powered proctoring and shifting away from browser-based tests. Experts highlight that live follow-up interviews are proving effective in exposing candidates who relied on AI
Petroleum Minister Hardeep Singh Puri addressed public concerns regarding ethanol-blended fuel, dismissing social media narratives as “make-believe.” He clarified that any mileage reduction in E20-fuelled vehicles is minor, with potential benefits like improved acceleration. The ministry has released a detailed note to counter misinformation and reassure vehicle owners about the safety and established practice of
The government has significantly reformed the Drugs (Prices Control) Order, 2013, easing compliance for drugmakers. Overcharging liability is now narrowed, focusing only on stock sold above ceiling prices by retailers or distributors, not entire batches. New drug launches will also see simplified pricing approvals, reducing procedural delays and streamlining market entry for similar products.
The Las Vegas Raiders’ star player Maxx Crosby has been a regular name concerning trade rumors ever since his trade to the Baltimore Ravens failed reportedly because of a physical test back in March 2026. Amid all the mess, it seems the New England Patriots and the San Francisco 49ers have emerged as potential landing
The Supreme Court has nullified orders from NCLT and NCLAT due to their reliance on fabricated AI-generated case laws. Justices cautioned against unchecked AI use, emphasizing human control in justice delivery. The court stressed a zero-tolerance approach for unverified AI precedents, declaring any decision based on such material invalid. A committee will now explore this
