Mumbai, October 30: In his keynote address at the SamvAAd: India Open Finance Summit 2026 in Mumbai, Infosys Co-Founder Nandan Nilekani has outlined his next project, to deepen financial inclusion and drive digital empowerment after championing Aadhaar and the Unified Payments Interface (UPI) projects. Nilekani emphasized the scaling of consent-based frameworks as he looks to take India’s public infrastructure to new heights. At the summit, the discussions revolved around transitioning from basic financial access to complete financial well being and open finance. Nilekani is aiming to expand the Account Aggregator (AA) framework, a consent-based data-sharing system aimed at giving individuals…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi, October 29: The representative worker unions and the management of Bathinda unit at UltraTech Cement have settled an agreement worth Rs.3.36 crore for the benefit of 217 former workers of the company. The agreement was achieved through the machinery of the Chief Labor Commissioner (Central) of the Ministry of Labor & Employment, to settle longstanding industrial disputes regarding worker compensation, statutory benefits and operational service terms. The dispute was resolved by the holding of structural conciliation proceedings with prominent trade unions such as the Centre of Indian Trade Unions (CITU) and the All India Trade Union Congress (AITUC)…
New Delhi, October 29: The second edition of the ARISE Cities Forum ended in New Delhi with the “Delhi Declaration 2026 for Global Climate Goals through Local Action”, urging for immediate and coordinated multi-level climate action. The forum, which took place ahead of the upcoming United Nations Climate Change Conference (COP31) in Antalya, Türkiye, attracted more than 200 participants from over 50 cities in 18 countries from the Global South, to ensure that sub-national urban priorities are central to the global climate agenda. The two-day forum, with the theme “From Bharat to Antalya — Commit. Action. Outcomes.”, demonstrated how high-level…
Cebu, October 29: Defence Minister Rajnath Singh has announced that India will share its ‘battle tested’ counter terrorism know-how at the 13th ASEAN Defence Ministers’ Meeting-Plus (ADMM-Plus) in Cebu, Philippines. Singh stressed that the operational mechanism India has already demonstrated in Operation Sindoor, where ground-level operations were effective in knocking out terror infrastructure, can assist in eliminating the terror menace in Indo-Pacific region. In his speech to the regional defence leaders, the Union Defence Minister Rajnath Singh has demonstrated India’s willingness to share practical security knowledge areas like joint military exercises, capacity building programs, exchange of information, etc. He quoted…
New Delhi, October 29: Railway rolling stock manufacturer Jupiter Wagons Limited has just won a new contract worth ₹1,140 crore from the Ministry of Railways’ Railway Board to manufacture and supply 2,583 BOXNHL and BOXNS freight wagons. The Railways has been placing large scale wagon orders this year to meet surging demand, with the company anticipating order inflows to reach ₹2,000 crore by Q4 FY27. This development comes after Jupiter won a ₹264 crore order for BLSS rakes by the Railways, as it aims to support the national transporter’s large-scale fleet modernization and procurement programmes. Beyond railways, Jupiter Wagons also…
New York, October 28: Artificial Intelligence lab Anthropic has officially filed for an initial public offering (IPO) on the Nasdaq, in what could be one of the largest market debuts in tech history. Though the valuation hasn’t been revealed yet, the AI lab, led by co-founder Dario Amodei, aims to capitalize on surging enterprise demand for its Claude AI assistant, though it hasn’t found a pathway to become profitable yet. In its public Form S-1 statement, Anthropic has showcased rapid revenue growth, reporting $16.3 billion for the first half of 2026 but a staggering $80.7 billion net loss during the…
Kolkata, October 27: The Calcutta High Court has ordered the immediate removal of a viral video that accused Adani Enterprises founder Gautam Adani and Prime Minister Narendra Modi of crony capitalism. Acting on a defamation suit filed by the Adani Group, the court has directed YouTube and other digital media to take down the clips. This judicial intervention has bought the close frindship between PM Modi and Gautam Adani to the fore, as the video in question has showed how Adani benefitted from PM Modi’s rise as he scaled up his ports to airports empire. Sabeer Bhatia, Hotmail co-founder, has…
New Delhi, October 26: With an aim to boost railways as an efficient medium to move export logistics, the Railways is planning to overhaul its regulations in this regard. According to a draft policy, the Railways is looking at eliminating the mandatory 100% weighment requirements for containerized export rakes, introducing mini container rakes for high value goods and opening up private sector participation for maintaining freight wagons. Under the current operational framework, containerized export cargo has to undergo mandatory 100% weighment checks at inland rail depots and terminals before being dispatched to maritime ports. The Ministry of Railways plans to…
Hyderabad, October 24: Non-ferrous and custom alloy manufacturer Cubex Tubings Limited has reported a strong financial performance for the quarter ended September 30 strengthened by strong volume growth and robust industrial demand. The company’s standalone profit after tax (PAT) has risen 161.8% year-on-year to ₹4.57 crore, up from ₹1.74 crore during the same period last year. Its revenue from operations rose 12.6% quarter-on-quarter to ₹82.99 crore from ₹73.70 crore last year. Driven by strong demand, the company’s board has approved the issuance of up to 50 lakh convertible warrants at an issue price of Rs.150 per warrant, raising Rs.75 crore…
This Diwali may not be ‘khushiyon wali’ anymore, given the rising costs of electronics and the overall inflationary pressures on the economy. Besides that, marketers and brands are worried about slumping demand, with online festive sales slowing to ₹29,800-30,900 crore between October 7 and 10, against the ₹33,200 crore reported last year, according to Datum Intelligence. Brands are worried about inflationary pressures on electronics, while fashion, beauty and other categories are expected to witness higher order volumes. But not everyone is concerned about these early trends. “With Diwali falling later this year, I wouldn’t read too much into the first…
