In this session of Gurugyaan, we hear from Nitish Jain, President of S P Jain School of Global Management.

China is back on top of the supercomputer race. Its new system, LineShine, has overtaken the US' fastest supercomputer despite years of American chip restrictions.

India's first private-sector gold mine since Independence is now operational. The Jonnagiri Gold Mine in Andhra Pradesh marks a major milestone for India's mining sector, opening the door for greater

Nuclear power, artificial intelligence, data centres, airports, ports and defence manufacturing — the Adani Group has unveiled some of its biggest growth plans yet. At its 2026 AGM,

A WhatsApp message from your CEO asking for an urgent transfer might seem routine. But India's cybercrime agency warns that it could be part of a growing "Boss Scam" targeting businesses across the co

car loan

Xi Jinping, Jinping, China President

Business Standard

Union Finance Minister Nirmala Sitharaman on Thursday emphasised that state governments must channel their borrowed funds into long-term capital expenditure, such as schools and hospitals, rather than relying heavily on revenue expenditure like cash distributions when financial resources are tight.
Addressing the media, Sitharaman underscored that taking loans to create public infrastructure yields a positive economic impact and generates employment for the next 50 to 60 years.
"Borrowing is not the issue, but what you do with the borrowed money matters. Are you creating assets? Is it bringing education, industries, or increasing employment? That should be the focus," she said, noting that states are permitted to borrow up to three per cent of their Gross State Domestic Product (GSDP).
Sitharaman, who is on a two-day visit to Tamil Nadu and Puducherry, attended Maha Kumbabhishekam of Sri Upanishad Brahmendra Mutt in Kancheepuram on Thursday.
Later in the day, she is scheduled to ..

Nirmala Sitharaman, Nirmala

Press Trust of India

Marc Faber, editor and publisher of 'The Gloom, Boom & Doom Report', says that his advice is to stay in cash and bonds for now

Marc Faber, editor and publisher of ‘The Gloom, Boom & Doom Report’

Marc Faber, editor and publisher of ‘The Gloom, Boom & Doom Report'

Access can create opportunity, but lasting progress depends on the rules, incentives and capabilities that determine how those opportunities unfold

FCNR (B), RBI

The Pentagon has told senators it needs roughly USD 80 billion, mostly to cover the cost of the US war against Iran, adding to what is already a sizable military spending boost being sought by President Donald Trump.
The White House Office of Management and Budget has yet to make a formal request to Congress. But Defence Secretary Pete Hegseth has been making the rounds on Capitol Hill, including Monday evening.
A top deputy defence secretary told senators about the Iran funding request last week, according to two people familiar with the situation but not authorised to discuss it publicly.
The Wall Street Journal first reported on the developments.
Push for Pentagon money faces skeptical lawmakers
---------------------------------------------------------
The push for billions of dollars in Iran war funding comes at a fraught political moment. Lawmakers are skeptical of the deal Trump struck with Iran to bring an end to the war, and wary of next steps.
The White House has reques

US, Pentagon

Nilekani said Infosys is more relevant than ever before and is well-positioned for the decade ahead as artificial intelligence reshapes industries and businesses

Nandan Nilekani, co-founder of Infosys

With hundreds of millions of users, millions of businesses and a rapidly growing digital economy, India has become the most important market for WhatsApp

WhatsApp

Two Republican senators flagged histories of Qatar and Pakistan of "harbouring terrorists" against the backdrop of US Vice President J D Vance's remarks professing "love" for Islamabad.
"It should be clear to everybody by now who our friends really are. Qatar and Pakistan have long histories of harbouring terrorists, and right now they seem far more invested in propping up Iran's decades-long terror campaign than achieving a meaningful peace," Senator Rick Scott said in a post on X on Monday.
The Florida senator's remarks came against the backdrop of Vance's "we love Pakistan" remark in Switzerland, where he, along with leaders from Pakistan and Qatar, were negotiating technical details of a peace deal with Iran.
"There is still room for a workable agreement that benefits everyone. HOWEVER, what everybody needs to get through their heads here is that there is ZERO chance Iran comes out of this able to build a nuclear weapon," Scott said.
Senator Tim Sheehy from Montana, in an ...

pakistan Flag

RBI introduces Total Return Swaps and widens credit derivatives participation to deepen the corporate bond market and improve risk management

Industrialist Anil Ambani has approached the appellate tribunal NCLAT, filing an appeal against the initiation of personal insolvency against him by the NCLT over the petition filed by public sector lender SBI.
The Mumbai bench of the National Company Law Tribunal had on June 11, admitted a plea filed by the State Bank of India, seeking personal insolvency against Ambani over default of loans by his group firms - Reliance Communications (RCOM) and Reliance Infratel Ltd (RITL).
He was the personal guarantor of the loans extended to his group firms.
Ambani's petition came for a hearing before a two-member bench comprising Justice Mohd Faiz Alam Khan and Barun Mitra. However, it was adjourned following the request from his lawyer.
"Having regard to the request made by Ld. Counsel for the appellant, list this matter on July 10, 2026, before the appropriate bench," said the NCLAT order dated June 24, 2026.
SBI had moved an application under section 95 of the Insolvency & Bankruptcy ...

Anil Ambani

The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC).
The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.
"Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said.
The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry.
The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE.
Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday.
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RBI introduces total return swaps, broadens credit derivatives market

Anil Ambani moves NCLAT against personal insolvency proceedings

Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC

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