NEW DELHI: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 10 lakh on ride-hailing platform Rapido for disseminating misleading advertisements and engaging in unfair trade practices, reports Dipak Dash. The action was taken suo motu following investigation into the company’s advertisement claim: “Guaranteed Auto. Auto in 5 mins or get Rs […]
UIDAI-Starlink partnership: Starlink to use Aadhaar for customer verification; UIDAI tie-up clears path for 20 lakh users
Elon Musk-led Starlink will use Aadhaar authentication for customer verification before onboarding subscribers in India, an official statement said on Wednesday. The development comes after the government’s approval for the company to start offering satellite-based broadband services in the country, according to PTI.“The Unique Identification Authority of India (UIDAI) has onboarded satellite-based internet provider Starlink […]
PSB earnings review: FinMin holds Q1 meeting with bank chiefs; SBI leads sector with Rs 44,218 crore profit
The finance ministry on Wednesday held a meeting with the heads of public sector banks (PSBs) to review their financial performance in the first quarter of FY26. The three-hour session was chaired by Financial Services Secretary M Nagaraju.According to PTI report citing sources, the secretary urged the MDs and CEOs of state-owned banks to step […]
Consumer authority slaps Rs 10 lakh fine on Rapido for misleading ads, unfair trade practices
NEW DELHI: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 10 lakh on ride-hailing platform Rapido for disseminating misleading advertisements and engaging in unfair trade practices. The action was taken suo motu by the authority following investigation into the company’s advertisement claim: “Guaranteed Auto. Auto in 5 mins or get Rs […]
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 posted steady growth in July 2025, with exports of major commodities rising 5.37 per cent to $3.10 billion from $2.94 billion a year ago, the government said on Wednesday.According to the Textile Ministry, the industry has demonstrated resilience despite global uncertainties, reaffirming its role as a key driver of employment, […]
Economy outlook: RBI Governor at MPC meet says economy shows strength and stability; cautions on tariff uncertainty and inflation risk
The Indian economy presents a picture of strength, stability and opportunity, Reserve Bank Governor Sanjay Malhotra said at the Monetary Policy Committee (MPC) meeting earlier this month, while cautioning that monetary policy must remain vigilant amid evolving uncertainties around US tariffs.The Reserve Bank of India on Wednesday released the minutes of the MPC meeting held […]
Gold rate today: Yellow metal prices dip Rs 400 to Rs 1,00,020 on stockist selling; silver tumbles Rs 1,500 in Delhi market
Gold rate today: Gold prices fell Rs 400 to Rs 1,00,020 per 10 grams in the national capital on Wednesday amid sustained selling by stockists, the All India Sarafa Association said. The yellow metal of 99.9 per cent purity had ended at Rs 1,00,420 per 10 grams in the previous session.In line with the weakness, […]
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 on Wednesday passed the Promotion and Regulation of Online Gaming Bill, 2025, which seeks to foster the growth of e-sports and online social gaming while banning online money games. The Promotion and Regulation of Online Gaming Bill, 2025, introduced in the Lok Sabha by Union minister Ashwini Vaishnaw, aims to regulate India’s […]
GST reform push: Centre proposes GST exemption on life and health insurance; GoM to submit report by October
The Centre has proposed exempting individual life and health insurance policies from GST, Bihar Deputy Chief Minister and convenor of the Group of Ministers (GoM) on insurance Samrat Choudhary said on Wednesday. At present, insurance premiums attract 18% GST.“The Centre’s proposal is clear that the individual insurance policies should be exempt from GST. This has […]
China tech slowdown: Baidu quarterly revenue dips on weak consumer demand; AI bets, robotaxi push offer growth hope
Chinese internet major Baidu reported a fall in quarterly revenue on Wednesday, hit by sluggish domestic consumption even as the company ramped up its artificial intelligence drive and overseas robotaxi ambitions.Baidu posted revenue of 32.7 billion yuan ($4.56 billion) in the April-June quarter, a 4% year-on-year decline, according to its filing with the Hong Kong […]