Business
Textile exports: Shipments up 5.37% in July despite global headwinds; cumulative April-July exports rise to $12.18 bn
India’s textile and apparel sector experienced growth in July 2025, with exports increasing by 5.37% to $3.10 billion. The industry’s resilience amid global uncertainties has solidified its role as a key contributor to employment and economic growth. Cumulative textile exports for April-July 2025 reached $12.18 billion, a 3.87% rise. Ready-made garment exports also saw a…
Consumer authority slaps Rs 10 lakh fine on Rapido for misleading ads, unfair trade practices
The Central Consumer Protection Authority (CCPA) has penalized Rapido with Rs 10 lakh for misleading advertisements promising ‘Guaranteed Auto in 5 mins or get Rs 50’. The CCPA’s order demands immediate discontinuation of the ads and compensation of Rs 50 to affected consumers. Complaints revealed consumers received only Rs 5 in Rapido coins redeemable for…
PSB earnings review: FinMin holds Q1 meeting with bank chiefs; SBI leads sector with Rs 44,218 crore profit
Public sector banks (PSBs) in India showcased strong financial performance in Q1 FY26, achieving a record collective profit of Rs 44,218 crore, an 11% increase year-on-year. State Bank of India led the gains, contributing significantly to the overall earnings. While most PSBs saw profit growth, Punjab National Bank experienced a decline during the same period.
UIDAI-Starlink partnership: Starlink to use Aadhaar for customer verification; UIDAI tie-up clears path for 20 lakh users
Starlink, led by Elon Musk, will utilize Aadhaar authentication for verifying customers in India before they subscribe to its satellite-based broadband services. This follows the government’s approval for Starlink to operate in the country. The use of Aadhaar e-KYC will streamline user onboarding, ensure regulatory compliance, and facilitate high-speed internet access for homes, businesses, and…
Economy outlook: RBI Governor at MPC meet says economy shows strength and stability; cautions on tariff uncertainty and inflation risk
Reserve Bank of India’s Governor Sanjay Malhotra highlighted the Indian economy’s strength and stability at the recent MPC meeting, advocating for vigilance regarding evolving US tariffs. The MPC voted to maintain the short-term lending rate at 5.5%. Members favored a data-driven, neutral stance, acknowledging resilient growth alongside concerns about global risks and uneven industrial performance.
Lok Sabha passes online gaming bill: Why Centre is keen on regulating sector, banning betting apps – key provisions, aims of the legislation
The Lok Sabha has approved the Promotion and Regulation of Online Gaming Bill, 2025. This bill aims to boost e-sports and social gaming. It also bans online money games. The bill establishes an Authority to regulate online gaming. This Authority will classify games and register operators. It will also handle complaints.