Several post offices situated inside major university campuses, called Gen Z post offices, have received a facelift, with cafe-like decors and wi-fi availability

Newly inaugurated N-Gen India Post Office at North-Eastern Hill University (NEHU) in Shillong. (Photo: Department of Posts)

Business Standard

RBI data shows housing prices in several smaller cities have outpaced metros, while Delhi and Hyderabad remain below their 2022-23 price levels

real estate

Prime Minister Modi achieved the milestone on Wednesday, surpassing the record of India's first prime minister, Jawaharlal Nehru

PM Modi

NFHS data show sharp gains in financial inclusion, digital access and decision-making, but progress in paid work and property ownership remains comparatively slow

women, women empowerment

IFAT says non-compliance by aggregator firms is delaying welfare schemes and social security benefits for lakhs of gig and platform workers across the country

Gig worker body flags delays in data sharing, seeks stricter enforcement

Centre to focus on floating solar and agri-photovoltaics, while preparing support schemes and expanding solar deployment beyond traditional renewable energy hubs

Pralhad Joshi, Pralhad, Manthan 2026, Manthan

Experts say attracting global Indian-origin researchers is only part of the challenge; industry linkages, technology transfer and research commercialisation will determine impact

R&D, Research and development

India's EV sales surged 45% to a record 2.72 lakh units in May, pushing overall EV penetration above 11% for the first time amid rising fuel costs

electric vehicle, ev industry

Industry seeks access to updated vehicle-registration records, saying poor traceability and documentation issues could hamper compliance with end-of-life vehicle recycling norms

carmakers, auto industry

India's automobile retail sales grew 9.55 per cent to a record 25,31,067 units in May, while EV penetration crossed 11 per cent for the first time, as dealers saw a surge in enquiries for fuel-efficient and green vehicles after last month's fuel price hikes amid the West Asia crisis, FADA said on Monday.
The cumulative automobile retail sales in India stood at 23,10,451 units in the same month last year.
According to the Federation of Automobile Dealers Associations (FADA), the figures reflect the best May performance ever recorded across commercial (CV), passenger vehicle (PV) and the overall EV penetration.
"A notable feature of the month was the consumer response to May fuel-price revisions: dealers reported a visible rise in enquiries for fuel-efficient and alternative-powertrain options, reflected in the two-wheeler EV share climbing to 9.25 per cent from 6.11 per cent a year ago," FADA stated.
Passenger vehicles retail sales were at a record 4,02,591 units last month as compa

automobile

India's auto retail sales hit a record 25.3 lakh units in May, with EV penetration crossing 11% for the first time amid rising demand for fuel-efficient vehicles

Press Trust of India

Vietnam-based mobility company Green SM on Friday launched its electric taxi service, Green SM Limo, in Delhi-NCR, marking Vingroup's entry into India

Vietnamese conglomerate Vingroup launches Green SM in Delhi NCR, debuting an all-electric taxi fleet with VinFast EVs and a 50% launch discount. (Photo: Company website)

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

S&P Global Market Intelligence expects asset quality at major lenders to improve further, even as margins remain under pressure from changing interest-rate dynamics

The Indian Banking, Financial Services, and Insurance (BFSI) industry has shown strong resilience amid global headwinds and achieved impressive growth. Credit growth has remained robust, and non-performing assets (NPAs) have reduced to multi-year low

Major lenders have increased FCNR(B) deposit rates after the RBI offered to absorb hedging costs, a move aimed at attracting foreign currency inflows from NRIs

Bank, banks, banking

RBI has directed banks to assess cyber risks from advanced AI models such as Claude Mythos and submit mitigation plans by June-end

Banking artificial intelligence

Private sector lender HDFC Bank has increased the Marginal Cost of funds-based Lending Rate (MCLR) by up to 10 basis points across tenors effective June 8, 2026.
The maximum hike of 10 basis points was for loans having a maturity of two years to 8.55 per cent from the earlier 8.45 per cent.
The benchmark one-year MCLR has been revised up by 5 basis points to 8.40 per cent, as per the data available on the HDFC Bank website. The one-year rate is used to fix most consumer loans, such as auto, personal and home loans.
The overnight, three-month, six-month and three-year tenor MCLRs have been raised by 5 basis points to 8.10 per cent, 8.20 per cent, 8.35 per cent and 8.65 per cent, respectively.
The MCLR hike decision comes days after the Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis.

A HDFC Bank Ltd. bank branch in Mumbai

The maximum hike of 10 basis points was for loans having a maturity of two years to 8.55 per cent from the earlier 8.45 per cent

Industry News: Find the top news on industry, banking & financial sector, manufacturing industries news, industry trends, corporate news and many more on Business Standard.