Non-banking financial companies posted stronger credit expansion in August 2026, with overall growth rising to 15.8% as gold loans and consumer durable financing accelerated sharply. Housing loans remained a core pillar of retail lending, while a decline in services-sector exposure pointed to uneven momentum across the broader credit market.
India and Japan convened the 12th session of their Joint Working Group on roads and road transport, underscoring a long-running partnership that has increasingly shaped India’s infrastructure modernization agenda. The talks are expected to focus on technical cooperation, project delivery, and policy coordination as New Delhi seeks safer, more efficient transport networks and Japan looks to expand its strategic development footprint in India.
Union Culture and Tourism Minister Gajendra Singh Shekhawat inaugurated Takshanam at the National Gallery of Modern Art, positioning the exhibition as a significant platform for contemporary artistic expression. The show brings together more than 250 artworks and sculptures by 150 artists, underscoring the government’s continuing emphasis on cultural visibility and public access to the arts.
IndiGo has extended cancellations on select Saudi Arabia routes until October 24, deepening disruption across India-Gulf air travel as security concerns in West Asia continue to unsettle airline schedules. The move follows similar extensions by Akasa Air, which has pushed suspensions to Riyadh and Jeddah amid the same regional risk environment.
The Reserve Bank of India has introduced a new threshold-based framework that will require banks with at least Rs 25,000 crore in exposure to adopt updated credit risk measurement approaches for derivatives and similar transactions. The move is aimed at institutions with significant market complexity, including lenders with large derivative books or international operations, while smaller banks may continue using alternative methods.
A consortium of lenders led by the State Bank of India has said Vijay Mallya still owes Rs 8,752 crore, even after recoveries of more than Rs 10,270 crore through repayments and asset sales. The disclosure complicates Mallya’s long-running claim that he has settled his bank dues, while legal proceedings over recovery and criminal liability continue.
PSB Bank Chairman Petr Fradkov has described cross-border payments as one of the most closed and strategically sensitive parts of the economy, underscoring Moscow’s effort to develop alternative financial rails amid sanctions pressure. In an interview with RBC, he outlined how the A7 international payment system is operating in practice, even as it remains largely detached from the established global payments architecture.
Tom Cruise visited Studio MAPPA’s 15th-anniversary exhibition in Tokyo with filmmaker Alejandro G. Iñárritu, where the pair toured displays celebrating the studio’s most prominent anime titles, including Attack on Titan. The visit drew attention because of Cruise’s visible interest in the franchise and the growing overlap between Hollywood star power and Japanese animation’s global prestige.
DBS Bank CEO Tan Su Shan said strong demand for FCNR(B) deposits reflects continuing overseas confidence in India, even as foreign net selling has weighed on the rupee. She argued that India’s growth prospects, digital infrastructure and artificial intelligence potential continue to support the country’s medium-term investment appeal. Tan also said policymakers should keep pushing foreign direct investment and exports to help stabilise the currency.
ixigo has announced new partnerships with Uber and redBus that will allow train travellers to book cabs and buses natively inside its trains app, expanding the platform beyond rail discovery into a broader multimodal travel funnel. The move strengthens ixigo’s attempt to capture more of the traveller journey at the point of intent, while also sharpening competition in India’s fast-converging online mobility and travel-booking market.
Sammy has offered an effusive endorsement of Hope’s leadership qualities, underscoring the growing confidence around the player’s influence on and off the field. The remarks arrive at a time when leadership depth and dressing-room stability remain central to India’s cricket conversation, particularly as teams look to blend performance with composure under pressure.
A delivery agent working for an e-commerce platform was allegedly assaulted in Karkhana, prompting police to register a case and begin an inquiry. The incident has renewed attention on the safety of gig workers who operate in high-pressure, time-bound delivery networks across Indian cities.
A painter was stabbed to death by a carpenter in Bengaluru in a violent incident that has triggered a police investigation into the circumstances and motive. The killing underscores the persistent challenge of interpersonal violence in India’s rapidly urbanising neighbourhoods, where personal disputes can quickly turn fatal.
Reliance Jio’s long-anticipated public-market debut is drawing intense scrutiny as investors assess valuation, potential listing gains and the scale of the telecom and digital platform business built by Mukesh Ambani. With market chatter around the IPO already active, the offering is being read as a major test of appetite for India’s largest private-sector telecom franchise and a key marker for the broader equity market.
Coimbatore athlete Vithya Ramraj has returned home after a landmark performance that delivered a national record and three medals, underscoring her rise as one of India’s most promising track athletes. Her achievement has drawn attention not only for the medals themselves, but for what it signals about the growing depth of Indian women’s athletics beyond the sport’s traditional centres.
A World Bank-linked assessment has warned that automation could threaten 69% of jobs in India, underscoring the scale of disruption facing labour markets in emerging economies. The warning places India alongside other high-risk economies, with China at 77% and Ethiopia at 85%, and raises urgent questions for policymakers, employers and investors about reskilling, productivity and job creation.
Paris Saint-Germain produced a statement 4-2 victory over Manchester City in a breathless Champions League contest that underlined the French champions’ attacking depth and big-match resilience. The result came amid a night of European drama, with Real Madrid edging Roma 4-3 in another seven-goal classic and Erling Haaland becoming the fastest player to reach 60 Champions League goals.
Shrinking central kerosene allocations and rising market prices are tightening pressure on Kerala’s traditional fishers and ration-card holders, many of whom still depend on the fuel for cooking, lighting, and small-scale livelihoods. The shortage is also exposing the difficulty of shifting vulnerable households to cleaner alternatives without reliable access, affordability, and infrastructure.
A senior cardiothoracic surgeon has received a distinguished award, underscoring the growing public recognition of specialist medical leadership in India’s health system. The honour highlights not only clinical excellence but also the broader policy value of advanced surgical care, institutional capacity, and service delivery in a country facing a rising burden of heart disease.
Nandan Nilekani has called for expanding India’s Account Aggregator framework beyond salaried and formally banked borrowers to include self-employed workers, street vendors and gig earners who remain underserved by traditional credit systems. He argued that a broader flow of verified financial data could improve credit assessment while helping build a sustainable business model for Account Aggregators themselves.
Police in Tirupati have arrested three suspects and recovered 24 stolen motorcycles in a focused anti-theft operation that underscores the scale of vehicle theft and the value of intelligence-led policing. The recoveries are expected to aid multiple victims and strengthen enforcement efforts against organised property crime in the region.
Mystikos has emerged as the horse to watch ahead of the main event, with market confidence building around a performance that could shape the day’s narrative. The contest has drawn attention for its competitive depth, but the latest signals suggest Mystikos is being backed as the most likely finisher to set the standard.
The National Company Law Tribunal has admitted Kotak Mahindra Bank’s insolvency petition against Unity Realty and Developers over an alleged default of ₹68.49 crore, marking a significant escalation in a dispute linked to financial stress at Unity Infraprojects. The case underscores how corporate guarantees can pull related entities into insolvency proceedings when underlying borrowings sour. The default is said to date back to September 2023.
Asian equities opened higher as investors stepped back from the sharpest pressure on semiconductor shares, with the MSCI Asia Pacific Index rising 0.6% and South Korean stocks leading the advance. Chipmakers Samsung Electronics and SK Hynix edged higher, while Wall Street’s late rebound — including a 0.3% gain in the S&P 500 — helped steady sentiment across regional markets.
ANRF Chief Executive Officer Shivkumar Kalyanaraman has outlined a patient-capital framework aimed at accelerating India’s research and development ecosystem and lifting national R&D spending toward 3% of GDP. His model combines private investment, open intellectual property licensing and mission-led public programmes to turn research into scalable innovation faster than traditional state-led systems.
As Drishyam The Conclusion continues to perform strongly at the box office, director Abhishek Pathak is drawing attention for more than commercial success. In recent remarks, he has explained why the Hindi film deliberately diverged from the Malayalam original, how he wrote comic lines for Gaitonde, and why the internet’s meme culture has become part of the film’s wider life cycle.
Borosil Glass Works has emerged as one of the market’s standout wealth creators, with its shares rising more than threefold over the past year. The rally has been underpinned by a sustained improvement in revenue and EBITDA growth, signalling that investors are rewarding operating momentum rather than speculation alone.
State Bank of India Chairman C S Setty said deposit rate increases are unlikely over the next three months, citing ample liquidity in the banking system. He added that recent Reserve Bank of India actions should support net interest margins, while credit growth is expected to remain in the 14% to 15% range over time.
Non-banking financial companies recorded stronger credit expansion in August 2026, with overall lending growth rising to 15.8% as gold loans and consumer durable loans posted notable gains. Housing loans remained a core pillar of retail portfolios, while lending to the services sector weakened, underscoring a mixed but broadly constructive credit environment.
The Indian government is stepping up efforts to develop domestic rare-earth magnet capacity after global supply-chain vulnerabilities exposed the country’s dependence on imported critical manufacturing inputs, according to Shaktikanta Das. The push is aimed at reducing strategic exposure in sectors ranging from electric mobility to defence and advanced electronics. Officials are framing the initiative as part of a broader industrial resilience agenda rather than a narrow subsidy exercise.
Reliance Industries investors needed to own shares by October 13 to be eligible for the shareholder reservation in Jio Platforms’ Rs 2,500 crore initial public offering, clarifying a timing question that had circulated among market participants. The IPO opens on October 21 with a price band of Rs 1,065 to Rs 1,119 per share, and listing is expected on October 28.
India will host the 17th International Conference on Mercury as a Global Pollutant in 2026, with IIT Hyderabad selected as the venue for a gathering expected to draw scientists, policymakers and environmental specialists from around the world. The conference is set to place India at the center of a major international conversation on mercury pollution, public health risks and regulatory responses.
Rajinikanth’s 'Jailer 2' is shaping up as more than a Tamil-language sequel: it is being positioned as a pan-India event film built around carefully chosen star power. With Nelson returning to direct, the casting conversation now centres on which actors bring the widest reach, the strongest fan pull, and the most commercial value to the project.
RBL Bank said its net interest margin is likely to moderate in the coming quarter as foreign currency non-resident deposits fully flow through the balance sheet, even after a strong September quarter marked by sharp growth in profit, lending and deposits. Chief executive R. Subramaniakumar said the bank’s recent deposit momentum, supported by FCNR(B) inflows, is beginning to reshape the funding mix and will weigh on margins in the near term.
Dry-fruit prices are climbing across key varieties this festive season, with lower output in producing origins and higher freight costs lifting retail and wholesale rates for pistachios, almonds and other imported nuts. Traders say the price surge is already curbing offtake, prompting many consumers to shift purchases toward comparatively affordable cashews.
Bharat Forge has secured a contract from Pratt & Whitney Canada to supply aerospace engine components that will be manufactured at its facility in India, marking another step in the company’s expansion into high-value aviation manufacturing. The deal underscores India’s growing role in global aerospace supply chains as domestic industrial capability moves further up the value ladder.
The Indian Vegetable Oil Producers’ Association has asked its members to reduce retail prices of edible oil and provide weekly price disclosures, signalling pressure on the industry to pass on recent import duty cuts to consumers. The move comes as policymakers seek to ease household food inflation, with edible oils remaining a sensitive and widely watched component of the consumer basket.
India observed Women Farmers Day 2026 on Monday with renewed attention on the central role women play in agriculture, food security, and rural livelihoods. The occasion has sharpened policy debate around land rights, access to credit, extension services, and recognition for women who remain the backbone of farm work but are still undercounted in official systems.
Punjab National Bank has launched its 2026 festive retail loan campaign, offering concessions across home, car and other retail loans as lenders compete for demand during the seasonal borrowing peak. The package includes a full waiver of upfront and processing fees on home loans, a 5-basis-point rate concession, and a full fee waiver on car loans.
Andhra Pradesh Congress Committee president Y. S. Sharmila has renewed her call for Chief Election Commissioner Gyanesh Kumar to resign, accusing the Election Commission of India of taking unilateral decisions that undermine transparency and collective accountability. Her remarks add to growing political scrutiny of the poll body at a time when questions over institutional independence and procedural openness are drawing sharper attention.
India’s markets regulator has overhauled the closing auction session for the equity cash market and revised the methodology used to calculate settlement prices for derivatives contracts. The changes, which will take effect in phases and begin in December 2026, are aimed at improving price discovery, reducing end-of-day volatility, and aligning market microstructure with evolving trading patterns.
Flipkart Group reported an 18.2% rise in consolidated revenue from operations to ₹1.45 lakh crore in fiscal 2025-26, underscoring continued scale expansion in India’s intensely competitive e-commerce market. The company also narrowed its consolidated loss to ₹8,468 crore, signaling improving operating leverage even as it continues to invest heavily in logistics, customer acquisition, and marketplace growth.
The Telangana government has sanctioned ₹59.67 crore to modernise nine government schools in the Madhira Assembly constituency, Deputy Chief Minister Mallu Bhatti Vikramarka said, framing the move as a targeted investment in public education infrastructure. The funding is expected to upgrade classrooms, facilities and learning conditions across the constituency, with officials positioning the project as part of a broader push to improve access and quality in state-run schools.
A commercial rent dispute in Hyderabad’s Madhapur escalated into a public confrontation on the road, prompting police to register cases against both the restaurant operator and the property owner’s side. The incident has drawn attention to the growing frequency of landlord-tenant conflicts in high-value urban commercial corridors, where rising rents and informal enforcement tactics often spill beyond civil negotiation into public disorder.
A senior member of the Rai family has urged aspiring cricketers to believe that disciplined effort can take them anywhere, framing the message as a reminder that talent alone is never enough. The advice, delivered in the context of India’s cricketing culture, underscores the growing emphasis on mindset, resilience and long-term preparation in a sport where competition for places is relentless.
A clean-up drive at Sangama has removed more than 1,000 kilograms of waste, underscoring the scale of littering pressure at public spaces and the continuing need for sustained civic maintenance. The effort highlights how local sanitation actions, while immediate in impact, must be paired with stronger public discipline and routine waste management to remain effective.
Honda is preparing a highway test of wireless charging technology designed to power trucks while they are in motion, a development that could reduce charging stops and ease one of the biggest operational constraints facing electrified freight. The system, developed by Honda’s research arm with two partner firms, would transfer electricity from road-embedded charging units to vehicles travelling above them, pointing to a potentially significant shift in long-haul logistics and road infrastructure planning.
Rajasthan collected three points after their Ranji Trophy fixture faded into a draw, a result that reflected the balance of the contest more than any decisive advantage. In a match shaped by patient batting and limited margin for error, both sides left with lessons, but Rajasthan will view the points as a useful return from a game that never fully opened up.
A Union minister on Tuesday felicitated India’s visually impaired T20 World Cup-winning team, turning the celebration into a broader statement on inclusion, sporting excellence and public recognition for athletes with disabilities. The event underscored the growing visibility of para and disability sport in India, even as advocates continue to press for deeper institutional support, infrastructure and long-term pathways for elite competition.
Fairfax Financial chairman Prem Watsa said the conglomerate is positioning itself to benefit from India’s economic expansion over the next decade, underscoring a long-term bet on the country’s growth story. Watsa also expressed confidence in IDBI Bank’s recovery and future scale-up after years of stress, while stressing fiscal discipline and employee welfare.
