India's IT industry was built not just on Y2K, but on the 1991 reforms that opened capital, technology, telecom and global markets, creating a powerful engine of exports and foreign exchange

tech, economy, it service

Business Standard

D2C startups across food, beverages, fashion and electronics are using quick commerce as a launch and discovery channel, with festive-season demand driving new products and wider assortments

Combined capital expenditure by 12 oil and gas PSUs fell 3.8 per cent to Rs 27,161 crore in Q1FY27, led by sharp declines at ONGC and Indian Oil, though experts see the dip as temporary

Oil and gas Ship shipping trade

While the complete report was not available at the time of publishing, the panel's recommendations in its statement focused on enhancing bus transport in the country

Buses parked at Wadala BEST depot as employees of the Brihanmumbai Electric Supply and Transport (BEST) stage an indefinite strike requiring various demands

The panel has recommended that basic hospital room tariffs should not exceed average room rates at three-star hotels in the peripheral area or vicinity of the facility

India's leading hospitals line up expansion plans with 34,000 new beds

Hospital beds

India's 10 most valuable families had a combined valuation of Rs 70.5 trillion as of June 2026, up from Rs 69 trillion a year earlier, according to the report

Reliance Industries Chairman Mukesh Ambani addresses the 49th Annual General Meeting (post-IPO) of Reliance Industries Limited, in Mumbai, Maharashtra. (@RelianceUpdates/YT via PTI Photo)

NMDC says proposed restrictions on state-level mineral levies could provide greater fiscal certainty, reduce unexpected legacy claims and support long-term investment

mining, mining industry

BMW's used-car sales jump 54% in H1; Audi sold nearly one pre-owned car for every new vehicle in 2025; Mercedes-Benz reports double-digit growth

Luxury cars, pre-owned luxury cars, certified pre-owned cars, BMW India, Mercedes-Benz India, Audi India, luxury car prices, rupee depreciation, euro, forex rates, Audi Approved:plus, BMW Premium Selection, used luxury cars, luxury car market India

Additional funding will extend incentives for electric two-wheelers until March 2028 as the government seeks to raise e2W penetration from the current 7.6 per cent to 9-10 per cent

electric vehicle, EV, e2W

Centre expects ₹4,700 crore in incentives against ₹2,322 crore paid in first two years

Carmakers, Auto sector

Electric 2-wheeler incentive halved to ₹2,500/kWh, capped at ₹5,000 per vehicle; overall scheme outlay remains unchanged at ₹11,900 crore

carmakers, electric vehicle

MSMEs

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

C S Setty said banks must take AI beyond retail applications to improve credit access, risk assessment and productivity while strengthening cybersecurity and governance

CS Setty, SBI Chairman

Fines on Indian financial institutions are a pittance. The enforcement regime must be reimagined, reports Raghu Mohan

bank, banking, penalty

A weak monsoon and El Nino could hurt rural incomes and repayments, prompting major NBFCs to tighten portfolio monitoring and underwriting in vulnerable segments

NBFC, NBFCs

State-owned banks are targeting nearly $30 billion through foreign currency deposits and borrowings under the RBI's concessional swap window as inflows remain robust

Sanjay Malhotra, RBI, RBI Governor

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