Category: Business

Business

Rodic earmarks ₹3–5 crore for potential startup investments through InfraAI challenge

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Rodic earmarks ₹3–5 crore for potential startup investments through InfraAI challenge

Rodic Consultants, in partnership with Nasscom and Startup India, has launched the Rodic InfraAI Innovation Challenge 2026, seeking startups that can use artificial intelligence to solve problems in infrastructure and public-service delivery. The challenge, running till November 2026, is focused on four areas, such as the India Energy Stack; roads, bridges and tunnels; climate-resilient infrastructure;…

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Business

India’s forex reserves jump by a record $44.903 billion

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India’s forex reserves jump by a record .903 billion

Representational image only. File | Photo Credit: Reuters “India’s forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, 2026,” the Reserve Bank of India (RBI) said on Friday (September 11, 2026). In the previous reporting week, the overall reserves increased $11.475 billion…

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Business

MPC will reassess growth-inflation dynamics at next meeting: RBI Governor

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MPC will reassess growth-inflation dynamics at next meeting: RBI Governor

RBI Governor Sanjay Malhotra. File | Photo Credit: PTI “Reserve Bank of India’s Monetary Policy Committee (MPC) will reassess growth and inflation dynamics at its meeting next month amid rising prices of crude oil owing to the ongoing West Asia crisis,” Governor Sanjay Malhotra said on Friday (September 11, 2026). In an interview to CNBC-TV18,…

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Business

India partially cancels debt sale for first time in a year

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India partially cancels debt sale for first time in a year

The RBI sold seven-year bond at slightly higher than expected yield. File | Photo Credit: Reuters “In what market participants are seeing as an early indication from Indian authorities on interest rates, the Central bank Reserve Bank of India (RBI) partially cancelled an auction of shorter duration government security to curb any further spike in…

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Business

SEBI proposes extending IT, cyber security framework of MIIs to their arms

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SEBI proposes extending IT, cyber security framework of MIIs to their arms

Markets watchdog Securities and Exchange Board of India (SEBI) on Friday (September 11, 2026) proposed extending the IT and cyber security framework of Market Infrastructure Institutions (MIIs) — comprising stock exchanges, depositories, and clearing corporations — to their subsidiaries to strengthen regulatory oversight. While MIIs are governed by SEBI and operate in compliance with its…

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Business

IndusInd Bank slapped with ₹1 cr penalty by IRDAI for corporate agent norms violation

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IndusInd Bank slapped with ₹1 cr penalty by IRDAI for corporate agent norms violation

A man walks past a screen displaying the logo of IndusInd Bank at a metro station in New Delhi | Photo Credit: Reuters The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on IndusInd Bank for violation of norms governing corporate agents. The corporate agent, IndusInd Bank, failed…

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IRDAI imposes ₹1 cr penalty on Canara HSBC Life for mis-selling policy to 88-year-old

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IRDAI imposes ₹1 cr penalty on Canara HSBC Life for mis-selling policy to 88-year-old

The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company for mis-selling a life insurance policy to an 88-year-old man. The case pertains to a deferred annuity policy, with an annual premium of ₹2 lakh and a four-year premium-paying term, that was sold by…

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Business

PM Modi highlights trade barriers, sea route disruptions at BRICS Business Forum

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PM Modi highlights trade barriers, sea route disruptions at BRICS Business Forum

Prime Minister Narendra Modi on Friday (September 11, 2026) highlighted the issue of rising trade barriers and constrained sea trade routes, adding that India was building bridges among these constraints and was using its presidency of BRICS this year to establish new cooperation networks among the BRICS nations. Also speaking at the BRICS Business Forum…

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Business

India in talks to acquire lithium blocks in Australia, Chile; eyes five more in Argentina: Kishan Reddy

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India in talks to acquire lithium blocks in Australia, Chile; eyes five more in Argentina: Kishan Reddy

Union Mines Minister G. Kishan Reddy at the third edition of CII’s Global Summit on Advanced Materials, Critical Minerals & Metals. | Photo Credit: Special Arrangement. The Union Mines Ministry is in talks with Australia and Chile to acquire lithium blocks, while seeking five additional blocks in Argentina, Union Mines Minister G. Kishan Reddy said…

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Business

FM urges RBI to advance CBDC, sharpen digital Rupee capabilities amid tokenisation push

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FM urges RBI to advance CBDC, sharpen digital Rupee capabilities amid tokenisation push

Union Finance Minister Nirmala Sitharaman. File | Photo Credit: ANI Finance Minister Nirmala Sitharaman on Friday (September 11, 2026) urged the Reserve Bank of India (RBI) to further advance its Central Bank Digital Currency (CBDC) initiatives and sharpen its capabilities with the digital Rupee, amid rapid developments in tokenisation, agentic AI and quantum computing. The…

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