India

Investigative portal Cobrapost has alleged that companies within the Anil Ambani-led Reliance ADA Group were involved in large-scale fund diversion through complex offshore transactions and shell entities. The report claims that the conglomerate used a network of intermediaries to channel money abroad, potentially violating foreign exchange and corporate governance laws.

Uttar Pradesh Chief Minister Yogi Adityanath reaffirmed the government’s commitment to improving the livelihoods of farmers, highlighting that agricultural welfare has been a top policy priority since 2014 under the leadership of Prime Minister Narendra Modi. Speaking at an agricultural development event, Adityanath outlined a series of reforms and initiatives aimed at transforming the rural economy — from improved irrigation infrastructure and crop insurance to digital payments and market reforms.

Commerce and Industry Minister Piyush Goyal has urged India’s electronics manufacturing sector to embrace self-reliance and technological innovation to reduce import dependence and enhance global competitiveness. Addressing industry leaders, Goyal emphasized the need to strengthen domestic supply chains, foster component manufacturing, and create globally recognized brands under the ‘Make in India’ initiative.

India is on track to transition from a developing to a developed market, driven by rapid economic expansion, financial sector reforms, and digital innovation, according to Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao. Speaking at an economic policy forum, Rao emphasized that India’s strong macroeconomic fundamentals, resilient banking system, and inclusive digital transformation are laying the groundwork for sustainable long-term growth.

India has initiated a pilot project for the Calling Name Presentation (CNAP) system, an advanced telecom feature that will display the caller’s verified name on recipients’ phone screens. The move, led by the Department of Telecommunications (DoT), aims to curb spam calls, fraud, and misuse of mobile networks by enhancing caller transparency. The pilot, conducted with major telecom operators, will assess the system’s technical feasibility and data protection protocols before a nationwide rollout by 2026.

India’s small finance banks (SFBs) are on course to surpass Rs 2 lakh crore in total advances during the current fiscal year, marking a key milestone in the evolution of the country’s inclusive banking ecosystem. Strong credit demand from micro, small, and medium enterprises (MSMEs), coupled with expanding retail lending portfolios and rural penetration, has positioned SFBs as vital players in India’s credit landscape.

India and the United States are on the verge of finalizing a landmark trade agreement, aimed at enhancing bilateral commerce, reducing tariffs, and facilitating investment flows. Key sectors under negotiation include technology, pharmaceuticals, and agriculture, with both sides emphasizing reciprocal market access and regulatory alignment. The deal is expected to boost exports, create jobs, and strengthen strategic economic partnerships amid global supply chain realignments.

Deepinder Goyal, co-founder and former CEO of Zomato, has committed $25 million to support cutting-edge longevity research, signaling a growing interest in life-extension science among tech entrepreneurs. The investment will fund studies exploring cellular aging, regenerative medicine, and lifestyle interventions aimed at extending healthy human lifespan. Experts suggest that private funding of this scale could accelerate breakthroughs that traditional academic grants often cannot.

Reliance Industries Ltd. (RIL), India’s largest private-sector refiner, has confirmed it will fully comply with U.S. sanctions governing the purchase of Russian crude oil. The company’s decision reflects its commitment to adhering to international trade norms while maintaining uninterrupted operations at its Jamnagar refinery, one of the largest refining complexes globally. This compliance stance comes amid tightening Western restrictions on Russia’s energy exports, designed to limit Moscow’s oil revenue.

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic collaboration with Kotak Mahindra Bank and Primus Partners to bolster India’s startup ecosystem. The alliance seeks to enhance access to finance, mentorship, and strategic advisory services for emerging entrepreneurs.