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Indias power needs are surging. So why is solar going to waste?
India struggles to use all its clean power despite high demand. Renewable energy providers curtail output as the grid cannot handle excess generation. Insufficient transmission and storage capacity hinder the integration of clean energy sources. Building new power lines takes longer than renewable energy projects. India needs more batteries and a flexible grid to meet future energy targets.
A special five-member NCLT bench stayed Subhash Chandra's repayment plan approval. The tribunal also restrained the Essel Group founder from alienating any asset. This new bench stayed a smaller bench's earlier order which had approved the plan. Dissenting creditors had sought protection against the guarantor's asset alienation. The bench directed that the guarantor shall not alienate properties directly or indirectly.
Sun Pharma agrees to lower US drug prices under Trump plan; analysts see limited financial impact
Sun Pharmaceutical Industries will offer its drugs at prices matching other developed nations. This agreement aims to make healthcare affordable for low-income Americans. Analysts believe the financial impact on Sun Pharma will be minimal. The company's US revenue contribution is significant, reinforcing its growth strategy. This pact recognizes Sun Pharma's investment in the American market.
Tata Motors secures all regulatory approvals for 3.8 billion Iveco Group acquisition
Tata Motors has secured all necessary regulatory approvals for its acquisition. The company's subsidiary obtained prior authorisations under the sectoral regulatory framework. Final clearance came from the European Central Bank for financial services businesses. This key hurdle has now been cleared for the tender offer. The proposed acquisition of Iveco Group is valued at 3.8 billion.
FCNR rush leaves banks swimming in 6.65 lakh crore liquidity
Banking system liquidity has reached a four-year high as FCNR(B) inflows entered the market. This excess liquidity has pushed the weighted average call rate significantly below the repo rate. Much of this money is being parked in the RBI's variable rate reverse repo operations. Treasury heads are showing a preference for shorter tenures in these operations. Experts expect liquidity to normalize to a lower level by December.
Race is On! India set to put 5 million cars on the road soon
Indian car sales are expected to exceed five million units this fiscal year. This milestone positions India as the third nation globally to achieve such sales. Sustained demand in urban and rural markets fuels this optimistic sales forecast. Lower vehicle prices and economic expansion also contribute to the positive outlook. Industry leaders anticipate continued growth and potential for further market expansion.
Indias August fuel story: Petrol, diesel up, LPG down sharply
Petrol and diesel sales saw significant year-on-year increases in August. This growth was fueled by greater mobility and a strengthening economy. Aviation turbine fuel sales also returned to growth, indicating air traffic recovery. However, cooking gas consumption continued its decline despite increased imports. Industry experts attribute this drop to a shift towards piped natural gas.
Fortis Healthcare reviews Delhi HC ruling in Daiichi Sankyo case, may approach Supreme Court
In a significant development, Fortis Healthcare is assessing a recent decision from the Delhi High Court regarding the Daiichi Sankyo arbitration. The court's order for a forensic audit of earlier transactions poses a notable contingent liability for Fortis. Consequently, the company may explore the option of appealing to the Supreme Court, as this ruling could necessitate direct compensation to Daiichi Sankyo.
India EV sales jump 51% in August as robust demand drives electric car and 2W market growth
India's electric vehicle market witnessed an impressive 51% year-over-year growth in August. Despite this surge, a 12% sequential decline was recorded, attributed to festival-related office holidays. Electric two-wheelers experienced a remarkable 69% annual increase, bolstered by prominent manufacturers such as Bajaj Auto and TVS Motor. Meanwhile, electric car registrations saw a 12% month-on-month decrease from July's record levels, yet industry leaders are optimistic about ongoing strong consumer interest.
India PC market grows 12.1% in Q2 despite price hikes and supply constraints, IDC reports
India's PC market saw a 12.1% growth in the June quarter, reaching 3.9 million units. Enterprises and retailers stocked inventory ahead of expected further price increases. Future enterprise sales are expected to be flat, while consumer sales may slow down. Rising costs could prompt buyers to delay purchases, impacting near-term demand. Pent-up demand is anticipated during the festive season with promotional cycles beginning.
Government eases import ban on high-tech electronics
Electronic companies can now import select high-value components temporarily. This move follows industry requests for imports until local production scales up. The government is considering similar measures for smartphone components like displays. Inner-grooved copper tubes and compressors have specific import quotas and deadlines. This policy shift aims to balance local manufacturing growth with supply chain needs.
Indian banks slash FCNR deposit rates by up to 310 basis points
Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of India's special swap window. Banks offered unusually high rates to attract overseas funds during the ten-week period. This special facility enabled lenders to provide substantially higher returns to depositors. The strong inflows prompted the RBI to advance the closure of this window.
Car sales jump 36% in August, companies gear up for festive boom
In India, passenger vehicle sales achieved impressive double-digit growth last month, spurred by automakers ramping up factory dispatches to prepare for rising market demand. Maruti Suzuki celebrated its best sales performance in August, attributing the surge to tax reductions and declining interest rates. Similarly, Tata Motors and Mahindra & Mahindra also enjoyed notable increases in sales volumes, alongside a strong performance in the two-wheeler and commercial vehicle markets.
Windfall tax slashed on fuel exports
New Delhi has reduced export duties on petrol, diesel, and aviation fuel. The levy on petrol exports is now 1.15 per litre, a significant decrease. Diesel export duty sees a marginal reduction to 25 per litre. Aviation turbine fuel exports will now face a 19 per litre windfall tax. These revised rates will take effect from September 3, 2026.
Banks seek CRR cut on green deposits to boost green lending in India
In a bid to boost climate and transition finance, banks are pressing for a lower cash reserve ratio for green deposits. Presently, estimates show that these deposits fall short of the necessary critical mass. A decreased CRR could significantly cut funding expenses and unlock capital for loans, as India strives for substantial investments to fulfill its net-zero goals.
I-T Department searches Dentsu Media Group premises in suspected tax evasion case
In a sweeping operation, the Income-tax Department has searched Dentsu Media Group's offices throughout India. The focus primarily lies on several entities connected to this Japanese advertising giant's operations. Following an investigation into transactions within an Indian subsidiary, Dentsu has contested claims of 522.8 crore concerning purported goods and services. As the investigations proceed, the group remains resolute in defending its actions and is collaborating with authorities.
India is set to test tokenised corporate bonds with REC in September, using blockchain and wholesale CBDC for faster settlement. The pilot will initially be limited to select investors. The move could eventually improve transparency, access and liquidity.
Permira to buy 25.71% in Cloudnine Hospitals parent: CCI filing
Permira, a leading global private equity firm, is ready to buy a significant stake in Cloudnine Hospitals, which places the parent company's valuation at approximately eleven thousand crore rupees. This acquisition involves purchasing the stake from existing investor True North Capital. The deal awaits appropriate regulatory clearances, and Cloudnine is also exploring acquisitions of further hospital ventures.
Will Gen Z become the largest and wealthiest generation in history? A report by Nielsen (NIQ) and World Data Lab found the youth are poised to overtake Boomers' consumer spending by as early as 2029.
Life Insurance Corporation of India (LIC) CEO and MD R Doraiswamy announced two new policies-- Bima Platinum and Jeevan Raksha policies. While both are described as non-participating and non-linked plans, their structure and benefits are not the same. Check it out.
Credit card transactions increased 24.1% year-on-year to 601 million in July, but overall spending only rose 7.4%. The average transaction value fell 13.5% to 3,460, with consumers favouring smaller purchases through RuPay cards linked to UPI.
Gold and silver ETFs posted strong gains in August 2026, but their performance over the past year tells a different story. While some funds led the monthly charts, the longer-term leaderboard reveals a notable shift between the two precious metals.
Does foreign citizenship affect inheritance rights in India? Are NRIs allowed to inherit agricultural land legally? Check out.
Chevron to expand Venezuela operations: US official confirms new investments and visit
Energy giant Chevron is expected to announce its expansion plans in Venezuela soon. Company officials and the Energy Secretary will visit Venezuela on Wednesday for this unveiling. This announcement follows Washington confirming a partnership to utilize Venezuelan oil production. The US government is actively pursuing initiatives to boost Venezuela's output. These developments signal a significant shift in energy sector engagement.
EPFO has released monthly pension in Kerala amid Onam celebrations. Here's how subscribers can check their deposit and EPF passbook using the Umang app, official portal, SMS, WhatsApp or missed call.
Who is a non-audit taxpayer and who isn't? Why they have different ITR deadlines for AY 2026-27
With the 31 August ITR filing deadline for non-audit taxpayers over, the focus now shifts to taxpayers subject to tax audit. The rules differ based on the nature of income and activity, with separate compliance requirements and a later filing deadline for audit cases.
India to build 100 airports over next 10 years under modified UDAN scheme: Naidu
India plans to construct 100 new airports over the next decade. This expansion aims to enhance regional air connectivity under the UDAN scheme. The government will invest approximately thirty thousand crore rupees for this ambitious project. Civil aviation is identified as the nation's fastest-growing economic sector. The hub-and-spoke model is being adopted to improve passenger convenience.
Banks shifting microfinance strategy, prefer lending to entities over direct borrowers: Report
Banks are increasingly selecting microfinance institutions for loans instead of individual borrowers, leading to a reclassification of microfinance loans as part of retail portfolios. Despite this trend, non-banking financial companies focused on microfinance (NBFC-MFIs) received considerable debt support from banks recently. However, the overall microfinance sector saw a decline in its borrower base, with higher loan amounts being distributed to a lesser number of borrowers.
ITR deadline: Companies and taxpayers whose accounts are required to be audited, the due date for FY26 / AY27 is 31 October. Here's a look at the penalty for missed deadline and date for belated returns.
Meghalaya is developing a creative economy focused on film production and digital content. The state's Film Tourism Policy 2025 offers incentives for productions and local talent. Its OTT platform 'Hello Meghalaya' supports regional content creators and their monetization. Bollywood professionals expressed interest in Meghalaya's locations and emerging creative pool. This strategy aims to create a comprehensive creative value chain for economic growth.
Robust inflows into FCNR (B) deposits: Banking system liquidity surplus at 6.65 lakh cr
To absorb this surplus, the RBI on Tuesday conducted two Variable Rate Reverse Repo (VRRR) auctionsfor 6 lakh crore and 4 lakh crore
Defaulting on a bank loan: Can an individual borrower be jailed? Know the legal and financial risks
A missed EMI can have consequences beyond penalties and a lower credit score. Experts explain when a loan is considered in default, what banks can recover, whether family members are liable, and what happens to secured assets.
Ujjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of MD and CEO Sanjeev Nautiyal. Nautiyal stepped down from his position citing health grounds and requested early retirement. The Reserve Bank of India has approved Furtado's interim appointment for three months. The bank will now begin the process to find a permanent successor.
Relief to HYDRAA Commissioner, HC suspends single-judge order
Hyderabad: The Telangana High Court on Tuesday, September 1, suspended until November 3 an order passed by a single judge directing the replacement of HYDRAA Commissioner AV Ranganath. Ranganath challenged the July 27 single judge order directing the Chief Secretary to relieve him from the post of Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Coal India output dips 5.7% in August, offtake rises 5.5%
Coal India's August production saw a 5.7 percent decrease compared to last year. However, the company's coal offtake rose by 5.5 percent during the same period. Cumulative output between April and August also declined by 4.5 percent. Supplies to the power sector grew, and non-power sector supplies increased. The company is preparing to ramp up production as the rainy season ends.
Missing the 31 August ITR deadline for AY 2026-27 does not end your filing options. Taxpayers can file a belated return by 31 December, revise an already filed return, or seek condonation of delay in eligible cases.
Bank locker theft: Will you get your money back if jewellery goes missing?
The Reserve Bank of India regulates the functioning of locker facilities in India and has laid down a regulatory framework, in addition to the operational rules of individual banks.
Ujjivan SFB MD & CEO exit, Kotak succession race gains momentum amid banking sector leadership churn
Strong internal candidates are mostly going to be considered for these roles
September 2026 has several key income tax deadlines, including TDS payments on 7 September, a TDS certificate deadline on 14 September, the second advance tax instalment on 15 September, and multiple audit report deadlines on 30 September.
The 8th pay commission has scheduled state visits to Chennai, Puducherry, Chandigarh, Bengaluru and Mumbai in September and October 2026. Here's the full list of dates and who can participate in the meetings.
Five small-cap mutual funds recorded Sharpe ratios above 0.75, indicating strong risk-adjusted performance. Bandhan Small Cap Fund led with a ratio of 1, followed by ITI, Invesco India, Mahindra Manulife and Bank of India Small Cap Fund.
Form 1 is now live on the income tax e-filing portal for the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. This one-time scheme allows eligible taxpayers to disclose foreign assets and income. Declarations can be filed until 31 December 2026.
Punjab transferred Sukhchain Singh Khera, key member of the state employees' protest, where over 150 employees' bodies and more than 3.50 lakh pensioners participated in one of the biggest mobilisations against the government.
High-yield bonds pay more, but theres a catch: Who should invest and how much risk can you take?
High-yield bonds offer higher interest income but carry greater credit, default and liquidity risks than highly rated debt. Experts explain who should consider these bonds, what investors should check and how much exposure may be appropriate.
Bank of India Credit Risk among top 5 mutual funds that beat fixed deposits in 1 year
Five debt mutual funds delivered higher one-year returns than conventional fixed deposits, led by Bank of India Credit Risk Fund with a 17.68% return. Aditya Birla Sun Life Credit Risk Fund, DSP Credit Risk Fund, Aditya Birla Sun Life Medium Term Plan and Bandhan Gilt Fund also featured among the top performers.
Finfluencers are shaping investment choices. How can investors separate advice from noise?
Finfluencers increasingly shape Indian investment decisions, but few are Sebi-registered. Heres what investors should know about stock calls, sponsorships, credentials, red flags and recourse.
Bank unions announce strikes on September 11 over unresolved issues
The United Forum of Bank Unions (UFBU), representing over 90% of Indias banking workforce, has announced strikes on September 11 and September 28-30, followed by an indefinite strike from October 26 if its demands are not resolved.
TVS Motor sales rise 21% to 6.16 lakh units in August
TVS Motor Companys total sales rose 21% year-on-year to 6.17 lakh units in August 2026. Two-wheeler EV sales surged 137% to 59,453 units, while international sales grew 29% and three-wheeler sales increased 34%.
Missed August 31 ITR deadline? Know what ITR 3 and ITR 4 filers can do now
ITR deadline: By the end of August 31, 2026, over 7.8 crore individuals completed their income tax return submissions. Those who did not file on time have until December 31, 2026, to submit a belated ITR, incurring possible late fees. Notably, failing to meet this deadline also prevents taxpayers from opting out of the new tax regime, with business income earners unable to revert to the old regime post-deadline.
Ashok Leyland sales jump 38% to 21,038 units in August
Ashok Leyland reported a significant 38 percent year-on-year increase in total sales for August 2026. Domestic sales saw a substantial rise of nearly 43 percent during the same period. Medium and heavy commercial vehicle sales in the domestic market grew by 55 percent. This growth reflects strong performance in the commercial vehicle sector for the company. The company's total sales reached 21,038 units in August 2026.
India's power consumption rises nearly 13% to 169 billion units in August
India's power consumption rose 12.85 percent in August, reaching 169.01 billion units. High humidity levels increased cooling appliance usage across many regions. Peak power demand also jumped to 258.27 GW last month. Experts predict steady power demand through September due to continued humid conditions. Projected weather patterns may further influence power demand and consumption.
8th Pay Commission news: The Department of Personnel and Training is advocating for revisions to the Terms of Reference for the 8th Pay Commission. Employee associations are urging the inclusion of pension revisions for those who retired before January 1, 2026. Historically, previous pay commissionsnamely the 7th, 6th, 5th, and 4thhave had their Terms of Reference modified by the government to address various concerns, including extended coverage and scope.
The NCDRC has ruled on a case involving an LIC policy assigned as security for a bank loan, holding that the insurer was not deficient in acting on the bank's surrender request. Here's what the order means for policyholders who use insurance policies as loan collateral.
Mumbai raid uncovers fake expiry dates, nutrition labels on food export products
Indian authorities raided an illegal operation in Mumbai last week. They seized nearly eighty thousand dollars worth of faked food export products. This illicit warehouse systematically altered expiry dates and nutritional information. Popular brands like PepsiCo and Nestle were among those affected. The investigation highlights ongoing challenges in food safety enforcement.
Nissan clocks 147% jump in India wholesales, starts Tekton exports
Nissan India reported a 147% domestic sales increase in August. Sustained demand for Magnite and Gravite models boosted these volumes. The newly launched Tekton SUV also contributed to the automaker's strong performance. Nissan began exporting the Tekton to South Africa, Bhutan, and Nepal. These exports align with the company's global manufacturing and export strategy.
High-yield investments can hide a catch. Heres what income investors should know
Dividend stocks, Reits and InvITs can offer attractive payouts, but investors need to look beyond yield to cash flows, capital preservation, taxes and total returns.
BookMyShow Live bets big on Indias concert boom with Stageco gear
BookMyShow Live has invested in Belgian company Stageco's staging equipment. This move expands their production infrastructure for large-scale concerts and festivals. The new equipment will be deployed across Indian cities in the coming months. This investment supports India's growing live events market and global touring productions. BookMyShow Live aims to own reusable production assets for future events.
HDFC Bank CEO Sashidhar Jagdishan will depart after his term ends next month. New chairman Rajiv Kumar sought aggressive changes and executive replacements. Jagdishan resisted some proposals and decided not to seek reappointment. The bank now faces a swift search for a new leader. This departure adds to recent turmoil and stock market struggles.
Sumadhura Group to develop 1.2 million sq. ft. of warehousing space in Chennai
Sumadhura Group has acquired 52 acres in Red Hills, North Chennai, for a 400 crore Grade A industrial and logistics park. The project will offer 1.2 million sq ft of warehousing space, create around 2,500 jobs and is expected to be completed by December 2028. The expansion comes as Chennais Grade A warehousing demand grows, with 4.1 million sq ft absorbed in H1 2026.
PPF real return is more than 7.1%: Here's the calculation most investors miss
PPF offers 7.1% interest, but eligible old-regime taxpayers may earn a higher effective return after factoring in the Section 80C tax benefit. Heres how the tax saving can push the effective annualised return to around 11%, and why the benefit does not apply to every investor.
HSBC Mutual Fund's RedHex Hybrid Long-Short Fund has impressively reached a whopping Rs 1,000 crore in assets under management within just two months. This unique investment strategy has drawn in nearly 1,950 individual investor folios, providing an innovative blend of fixed income, equity arbitrage, REITs, and INVITs aimed at optimizing risk-adjusted returns. The fund's rapid growth illustrates an increasing interest in diverse mutual fund options.
Today's gold rate: On September 1, 2026, gold prices dipped slightly in major Indian cities, with notable jewelry chains like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas maintaining stable rates for 22k gold. Furthermore, the India Bullion and Jewellers Association released updated pricing for numerous gold purities. Alongside, silver also observed a decrease compared to the previous day's close, reflecting current market trends.
Every equity mutual fund delivers positive XIRR on SIPs in 5 years. Did you exit too soon?
All 219 equity mutual funds delivered positive SIP XIRRs over the last five years, with 165 funds generating double-digit returns. HSBC Midcap Fund topped the list with a 22.70% XIRR, while ITI Small Cap Fund and Bandhan Small Cap Fund followed closely. The analysis highlights how disciplined SIP investing can compound wealth over time.
July 2026 CPI-IW rose 1.3 points to 153.2, taking the running DA calculation for central government employees to about 64% for January 2027. The final DA rate will depend on CPI-IW data for August to December 2026 and the government's formal announcement.
NRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's important to note that any income generated from these gifted amounts will be taxable for the NRI donor. The HUF must diligently keep records of all transactions as this documentation is essential in proving the legitimacy and source of the gift, ensuring NRIs avoid potential tax disputes in the future.
Circadia marks 50 years as Indias premium mattress as market shifts to engineering
Indias premium mattress buyers are moving beyond size, price and firmness to ask about foam density, pressure relief and durability. Circadia, the premium sleep brand from 50-year-old Mumbai based manufacturer Foam Home, argues that the harder advantage in a digital market is manufacturing depth: structural design, materials expertise and the ability to explain both.
Maruti crosses 1-million sales in FY27 as Hyundai, Tata Motors report strong August numbers
Maruti Suzuki crossed 1 million units in cumulative sales during the first five months of FY27, while Hyundai Motor India reported its highest-ever August domestic sales, rising 23.6% year-on-year. Tata Motors also posted strong commercial vehicle growth, with domestic sales up 33%. The performance highlights robust demand across Indias passenger vehicle and commercial vehicle markets in August.
Nifty holds 24,000 at midday as IT gains, banking drag; crude above 8,250
Domestic equities remained range-bound as elevated crude prices, global bond yields and geopolitical tensions kept investor sentiment cautious.
India reopens Zambia talks to secure critical minerals: Report
India has resumed talks with Zambia to explore investment opportunities in critical minerals. Officials from India's Ministry of Mines held preliminary discussions with Zambian officials recently. India is also evaluating investment opportunities in several other countries for mineral supplies. The nation seeks raw materials to meet rising demand from its growing economy. Africa, and Zambia specifically, can play an important role in meeting India's needs.
Maruti hits the gas at home, exports hit the brakes as August sales jump 21%
Maruti Suzuki reported a 21.3% rise in total sales for August 2026. Domestic passenger vehicle sales drove this significant growth, increasing by 34.8%. Utility vehicles were the primary growth driver, with sales surging 46.3% in the period. Exports saw a decline of 7.4% during the same month. The company crossed one million units sold within the first five months of FY27.
India Aims for Developed India 2047 with New Customs and Banking Reforms
Mumbai, September 1: India is gearing up for new customs and banking reforms aimed at achieving the ambitious goal of Developed India 2047. Finance Minister Nirmala Sitharaman shared these insights during an exclusive interview on the sidelines of the G20 finance ministers meeting. Sitharaman emphasized that the next phase will build on prior changes in ... Read more India Aims for Developed India 2047 with New Customs and Banking Reforms
Tata Motors commercial vehicle sales up 49% in August at 44,411 units
Tata Motors reported a forty-nine percent growth in total commercial vehicle sales. Domestic commercial vehicle sales increased by thirty-three percent in the same period. International business volumes saw a substantial two hundred twenty-seven percent year-on-year growth. This performance reflects strong market demand for their commercial vehicles. The company announced these sales figures on Tuesday.
Railways has approved the deployment of Kavach Version 4.0 across 712 route kilometres in the Moradabad Division. The rollout will strengthen railway safety infrastructure through the indigenous Automatic Train Protection system. Kavach 4.0 provides an additional safety layer for train operations, helping prevent Signal Passing at Danger (SPAD), automatically apply brakes when required and control train speed in critical situations.
InsuranceDekho, RenewBuy combine to create AI Insurance Platform
InsuranceDekho and RenewBuy are merging to create an AI-enabled insurance distribution platform with over 6,600 crore in premiums, 600,000+ digital partners and coverage across 98.57% of Indias pincodes. The combined business will operate under the InsuranceDekho brand, with Ankit Agrawal as CEO, and will offer motor, health, life and commercial insurance products.
IRDAI pitches public insurance registry to reshape industry
India's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, intermediaries, and policyholders for better underwriting. Policyholders can view all their policies and make common service requests easily. Insurers will gain access to anonymized industry-wide claims data for analysis. The registry aims to improve transparency and facilitate informed, low-cost insurance purchases.
Will I inherit my familys land in India if I become an NRI?
ET Wealth Reader's Query: I would like to understand what happens to my rights over inherited agricultural land in India if I acquire foreign citizenship. Will I still be able to inherit my familys agricultural land, and are there any restrictions on holding, transferring, or disposing of such property after becoming a foreign citizen?
Tata Elxsi backs seven-seater Shunya eVTOL, first flight targeted in 18-24 months
Tata Elxsi and Sarla Aviation will collaborate on India's first indigenous electric aircraft. The Shunya eVTOL aircraft is designed to carry six passengers and one pilot. This partnership will accelerate the development of flight-critical systems for the new aircraft. Sarla Aviation targets the Shunya's first flight within the next eighteen to twenty-four months. The collaboration aims to advance urban air mobility and related applications.
Frustrated with repeated water leakage issue in top floor flat homeowner requested building to appoint Dr Fixit and Asian paints to fix it; Karnataka RERA directs builder to permanently fix defects at its own cost. Read the article to know how the homebuyer partly won the case.
Festive surge drives UPI near record 29.8 lakh crore milestone across 24.5 billion transactions
India's UPI processed transactions near record highs in August, reaching 29.8 lakh crore. The platform handled a fresh record of 24.51 billion transactions, a significant jump from July. This impressive performance was bolstered by festive activity and expanding consumer adoption across the nation. Industry experts highlight the importance of resilient digital infrastructure for continued growth.
Vedanta Oil & Gas partners with Beicip-Franlab to accelerate exploration, production in Northeast
As part of the engagement, Beicip-Franlab will undertake seismic interpretation, geological and reservoir studies, prospect ranking, resource assessment and field development planning across priority assets, including new and existing fields like Hazarigaon and Rudra in Northeast.
Mahindra & Mahindra reports 5% growth in domestic tractor sales at 27,595 units in August
The total tractor sales, including domestic and exports during August 2026, were at 29,507 units, as against 28,117 units for the same period last year. Exports for the month stood at 1,912 units.
Hyundai Motor India August sales rise 8.8% to 65,796 units
Domestic sales grew 23.6% year-on-year to 54,396 units in the month under review
Delhi-bound Indigo flight returns to Goa after takeoff; makes emergency landing due to engine snag
An IndiGo flight bound for Delhi returned to Goa after takeoff. A technical issue was detected in one of the aircraft's engines shortly after departure. The pilots followed standard procedures and safely landed the plane back at Manohar International Airport. The aircraft is currently undergoing necessary maintenance checks and repairs. Operations will resume after all required safety clearances are secured.
Central government employees may receive arrears from January 1, 2026, after the 7th Pay Commission's term ended on December 31, 2025. But the eventual arrears could depend on when the 8th Pay Commission is implemented.
A motor insurance claim was rejected by HDFC General Insurance over driver's license concerns. The West Bengal Consumer Commission found insufficient evidence of deliberate policy violation. The insurer was directed to pay Rs 3.5 lakh with interest and Rs 1 lakh compensation. The commission emphasized that a fake license does not automatically absolve insurers of liability. Policyholders must exercise reasonable care when hiring drivers for their vehicles.
M&M vehicle sales jump 42% to 1.08 lakh units in August
Mahindra & Mahindra reported a 42% jump in total vehicle sales. SUV sales grew fifty percent year-on-year in the domestic market. The company sold over one lakh vehicles including exports in August. Commercial vehicle domestic sales also registered a 22% growth.
HFCL bags Rs 2,329 cr optical fibre cable export order
HFCL has secured a significant export order valued at USD 244 million. This agreement is for supplying high-quality optical fibre cables to a global corporation. The supply contract spans three years, concluding in December 2029. Deliveries are scheduled to commence from the calendar year 2027 onwards. This order follows previous export wins for the telecom gear manufacturer.
Gift, loan, or Benami? Tax rules to know before adding a family member to a property title
To avoid future legal and tax complications, CA advised buyers to settle the exact nature of the ownership arrangement before finalising a purchase.
The estimated dearness allowance for central government employees has soared to 64%, driven by the July 2026 AICPI-IW reading of 153.2. This index, compiled monthly by the Labour Bureau from retail price data across India, leads to a biannual revision of DA in January and June. Final details regarding the salary increase will be revealed following the government's official announcement.
Electric vehicles are considerably heavier than their petrol-powered counterparts, mainly because of the added weight of their battery systems. According to recent European Union data, plug-in hybrids are the heaviest, followed by fully electric cars, while combustion-only vehicles remain the lightest. Union minister Nitin Gadkari has also proposed giving used EV batteries a second life by using them for home energy storage, potentially improving the sustainability of electric mobility.
