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…

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CCPA slaps Rs 10 lakh fine on Rapido for misleading ads

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…

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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…

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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…

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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…

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