Business

India’s first undersea rail tunnel excavation has commenced for the bullet train project. A giant Tunnel Boring Machine began its journey beneath Thane Creek on Saturday. This marks the start of excavation on the seven-kilometer undersea stretch. The machine is among the largest ever used for rail tunnel construction. This project aims to connect Mumbai

IRDAI chairman Ajay Seth unveiled a new comic book series to improve life insurance literacy. This initiative aims to simplify complex insurance concepts for the general public. The stories feature a young advisor explaining financial decisions and their long-term impact. The launch supports IRDAI’s “Insurance for All” vision for informed financial planning. Industry data highlights

India’s power sector anticipates sustained growth through fiscal year twenty twenty-seven. Surging electricity demand and record peak consumption fuel this positive outlook. Continued capacity additions, especially renewables, will strengthen utility performance. Thermal power remains central, providing dependable base-load electricity generation. Energy security and storage development underpin the sector’s long-term expansion.

Punjab National Bank reported a substantial net profit increase for the quarter ending June 30, 2026. The bank’s standalone net profit rose over 200 percent year-on-year. This growth was primarily driven by a sharp decline in tax outgo. Non-interest income saw a decrease, impacting overall operating income. Asset quality improved, with gross and net NPAs

With the Income tax department increasingly using technology, data analytics, AIS, broker reports, mutual fund disclosures and overseas information exchange, filing an accurate ITR now requires not only correct tax computation but also complete and consistent reporting.

IDBI Bank reported a 3.3% rise in standalone net profit for June 2026 quarter. Lower provisions supported earnings, offsetting a weaker operating profit. Net interest income saw a slight decline while non-interest income dropped significantly. Deposits decreased sequentially, but advances showed modest growth. Asset quality remained stable with improved NPAs and strong capital ratios.

Pakistan will now revise fuel prices daily due to volatile global oil markets. This change aims to increase transparency in fuel pricing mechanisms for consumers. The nation also reported a current account deficit after experiencing a surplus last year. Efforts are underway to boost domestic energy production and attract foreign investment. However, petrol pump owners