Highlights: Cabinet approves doubling of Tirupati-Pakala-Katpadi single railway line section

Latest news updates: Catch all the latest news updates from around the world here

11:41 PM

UK set to support India in rupee’s internationalisation

India and the UK have agreed to explore the role of London as a global financial centre and foreign exchange hub to support internationalisation of the rupee, said a joint statement of the India-UK Economic and Financial Dialogue.

9:43 PM

Roof collapse at Dominican club kills at least 124 as officials scramble to identify victims

9:42 PM

Extradition of Tahawwur Hussain Rana to India is big success of PM Modi's govt: Home Minister Amit Shah

9:19 PM

India, Russia agrees on 6 new strategic projects to boost bilateral investment cooperation

9:01 PM

India records highest exports of goods and services in 2024-25 fiscal year

8:41 PM

RBI's draft circular seeks to standardise gold loan regulations, address key concerns

The Reserve Bank of India (RBI) on Wednesday issued a draft circular for lending against gold collateral, with the aim of establishing a harmonized regulatory framework for such loans across various lenders. It also aims to address concerns related to certain lending practices, provide clarity on specific aspects, and strengthen the conduct-related standards in the sector.

8:23 PM

RBI imposes Rs 3.2 lakh fine on Citibank

7:52 PM

DIPAM pushes for PSU picks in MF portfolios

The Department of Investment and Public Asset Management (DIPAM) plans to nudge mutual fund houses to consider including public sector undertaking (PSU) stocks in their core investment portfolios, highlighting the strong value and dividend returns delivered by state-run firms in 2024-25 (FY25).

6:25 PM

RBI eyes faster transmission; bankers say immediate rate cut difficult

While Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday stated that the central bank aims for the 50 basis points (bps) cut in the policy repo rate to be transmitted as quickly as possible, bankers said that deposit tightness in the system—resulting in intense competition among banks to attract deposits—will likely prevent them from reducing deposit rates immediately.

4:57 PM

New Waqf Act is attack on freedom of religion, Constitution: Rahul Gandhi

We will break the wall of 50 percent reservation. What Telangana has done, we are going to do across the country, says Rahul Gandhi.

4:23 PM

Zomato rebrands itself as Eternal on stock exchanges

Food and grocery delivery platform Zomato officially changed its name to 'Eternal Ltd' on the stock exchanges from Wednesday, following approval from the Ministry of Corporate Affairs. To be sure, the brand name of the company's food delivery business, Zomato, will remain the same, along with the app. However, the name of the corporate entity has been changed to Eternal, along with its stock ticker.

4:11 PM

Cong must be a party of hope with positive narrative, not just criticism: Tharoor at AICC session

Senior Congress leader Shashi Tharoor on Wednesday said the Congress must be a party of hope, not of resentment, a party of the future not just of the past and a party with a positive narrative and not just criticism. He also slammed the BJP for “trying to divide North from South” and said the idea of India is that one can be a good Gujarati, a good Muslim and a good Indian all at once.

3:21 PM

News update: Cabinet approves modernization of M-CADWM as sub-scheme of PM Krishi Sinchayee Yojana

3:16 PM

News update: Cabinet approves construction of 6-lane Zirakpur Bypass worth Rs 1,878 crore

The project aims to ease up congestion in Zirakpur, Panchkula, and surrounding areas.

3:12 PM

Cabinet approves doubling of Tirupati-Pakala-Katpadi single railway line section

The Union Cabinet has approves the doubling of Tirupati-Pakala-Katpadi single railway line Section (104 km) in Andhra Pradesh and Tamil Nadu with total cost of Rs 1,332 crore.