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BJP-led Union government

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Startups & Venture Capital Just now (09:19 AM IST)

Snapdeal Set for Market Debut as AceVector IPO Draws Strong Demand; New Venture Buzz Builds Around Soulfull Co-Founder

Snapdeal parent AceVector has closed its ₹420 crore initial public offering with an oversubscription of 4.93 times, signalling sustained investor appetite for India’s consumer internet and startup listings despite a selective market. The strong response places the e-commerce platform on the cusp of a long-awaited public debut, while the broader startup ecosystem also watches fresh entrepreneurial activity from the Soulfull co-founder.

By RDU Global Wire5 min read
Macro Economy & Fiscal Policy15 Oct 2026, 04:02 AM IST

India Reasserts Ladakh Is Integral as China Denies Recognising Union Territory

India has rejected China’s assertion that Ladakh was created “unilaterally and illegally,” reiterating that the Union Territory is an integral part of the country. The exchange underscores the continuing diplomatic friction between New Delhi and Beijing over sovereignty, even as both sides manage a broader and fragile relationship shaped by border tensions and strategic competition.

5 min readRead →
National Governance & Policy14 Oct 2026, 01:05 PM IST

L. Murugan Resigns from Union Ministry and Rajya Sabha, Fueling Talk of a Pre-Deepavali Cabinet Reset

Union Minister L. Murugan has resigned from the Union Council of Ministers and stepped down from the Rajya Sabha, intensifying speculation that the government is preparing a pre-Deepavali reshuffle or reset. His exit comes amid a series of recent ministerial term completions and vacancies that have already altered the composition of the Council of Ministers.

6 min readRead →
Clean Energy & Climate Transition14 Oct 2026, 05:30 AM IST

Oct. 12, 1964: Soviet Union Sends First Multi-Person Crew Into Space, Redefining the Race Beyond Earth

On this day in space history, the Soviet Union launched Voskhod 1, the first spacecraft to carry more than one cosmonaut, marking a major leap in crewed spaceflight. The mission demonstrated a new level of technical ambition in the Cold War space race and helped establish the operational foundations that later enabled longer-duration human missions, including those relevant to today’s clean-energy and climate-monitoring satellite era.

5 min readRead →
Banking, Fintech & Insurance14 Oct 2026, 01:22 AM IST

NBFCs Now Drive Half of India’s New-to-Credit Borrowers, Up From 24% in 2016: TransUnion CIBIL-FIDC

Non-banking finance companies now account for 50% of India’s new-to-credit borrowers, more than doubling their share from 24% in 2016, according to a TransUnion CIBIL-FIDC report covering about 2,000 NBFCs. The data underscores how NBFCs have become a crucial gateway to formal credit for first-time borrowers, including consumers in mobility-linked segments such as vehicle finance and EV adoption.

5 min readRead →
Banking, Fintech & Insurance13 Oct 2026, 09:15 PM IST

NBFCs Now Drive Half of India’s New-to-Credit Borrowers, Up From 24% in 2016: TransUnion CIBIL-FIDC

Non-banking finance companies now account for 50% of India’s new-to-credit borrowers, up sharply from 24% in June 2016, according to a TransUnion CIBIL-FIDC report covering about 2,000 NBFCs. The findings underscore how NBFCs have become a critical gateway for first-time borrowers, especially in vehicle finance, even as lenders balance financial inclusion with credit discipline.

5 min readRead →
Clean Energy & Climate Transition13 Oct 2026, 05:26 PM IST

On This Day in Space: Soviet Union Sends First Multi-Person Cosmonaut Crew Aloft, a Milestone That Still Shapes Human Spaceflight

On Oct. 12, 1964, the Soviet Union launched Voskhod 1, the first spacecraft to carry more than one person into orbit, marking a decisive leap in the space race. The mission demonstrated that human spaceflight could move beyond single-pilot flights, while also underscoring how political competition accelerated technological ambition in the Cold War era.

6 min readRead →
Markets, IPOs & Wealth15 Oct 2026, 09:51 PM IST

Steel Stocks Gain as Government Extends Minimum Import Price on 66 Products

Indian steel and metal stocks advanced in late trade after the government extended the minimum import price framework on 66 steel products, reinforcing expectations of tighter protection for domestic producers. Shares of Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel rose more than 1 percent from the previous close as investors priced in improved pricing power and a more supportive policy backdrop.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 08:08 PM IST

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Government Sources Say

Government sources have clarified that the proposed 0.4% merchant fee on UPI transactions above Rs 2,000 will not be charged to consumers, easing concern over a possible cost increase in India’s most widely used digital payments system. The National Payments Corporation of India said only a small portion of UPI transactions may be affected, while the Indian Banks’ Association is expected to address market misunderstandings soon.

5 min readRead →
Frontier AI & Machine Learning15 Oct 2026, 07:27 PM IST

Citizen Lab Says Governments Are Weaponizing Online Ads to Deliver Zero-Click Spyware

Citizen Lab says it has found evidence that malicious online advertisements were used to compromise dozens of devices at Al Jazeera, underscoring how commercial ad infrastructure can be turned into a covert delivery system for spyware. The findings add fresh urgency to global concerns over zero-click exploits, which can infect devices without any user interaction and are increasingly associated with state-linked surveillance operations.

6 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 05:44 PM IST

GTRI Urges Government to Scrap Proposed UPI Charges, Warns of Damage to Small Businesses and Consumer Spending

The Global Trade Research Initiative has called on the government to withdraw proposed charges on Unified Payments Interface transactions scheduled for October 15, arguing that even modest fees could weaken India’s digital payments ecosystem. The think tank said keeping UPI free is essential to protect small merchants, sustain consumer spending, and preserve the broad adoption that has made the platform a cornerstone of everyday commerce.

5 min readRead →
Markets, IPOs & Wealth15 Oct 2026, 04:01 PM IST

Steel Stocks Rally After Government Extends Minimum Import Price on 66 Products

Indian steel and metal stocks advanced in afternoon trade after the government extended the minimum import price regime on 66 steel products, a move seen as supportive for domestic producers facing pressure from cheaper imports. Shares of Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel rose more than 1% from the previous close as investors priced in a firmer pricing environment for the sector.

5 min readRead →
National Governance & Policy15 Oct 2026, 04:01 PM IST

Government Urges Banks to Build Quantum-Ready Defences and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, forcing lenders to align on common industry standards rather than fragmented internal fixes.

4 min readRead →

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Entities frequently referenced alongside BJP-led Union government: