BMTC weighs 200 midi buses for feeder routes amid safety and cost concerns
BMTC is inspecting smaller bus models as it plans 200 midi/mini buses for first- and last-mile connectivity to Metro stations, balancing safety and revenue concerns.
Economy
PM Modi Highlights FTAs, Skilling Push as 51,000 Get Appointment Letters
PM Modi addressed a Rozgar Mela, citing 40 FTAs, a ₹1 lakh crore jobs scheme and skilling drives as he handed out over 51,000 appointment letters.
Aadhaar Authentication to Be Mandatory for Subsidised LPG Refills from October 1
Biometric Aadhaar Authentication will be required to book subsidised domestic LPG refills from October 1, 2026, with 27.43 crore consumers already verified.
Biometric Aadhaar Check Must for Subsidised LPG Refills from 1 October 2026
From 1 October 2026, subsidised domestic LPG refills will require completed Biometric Aadhaar Authentication, with 89.9 per cent of consumers already verified.
France Projects Record Debt of 119.3% of GDP in 2026
France's finance ministry expects record debt of 119.3% of GDP in 2026, rising to 121.7% in 2027, as public finances deteriorate.
Uber Halts Nigeria Operations After 12 Years, Stranding Drivers and Passengers
Uber has ceased operations in Nigeria after 12 years, leaving drivers without livelihoods and passengers stranded as regulators investigate unresolved complaints.
India's chip market seen at USD 200 billion by 2035 as focus shifts to ecosystem
India's semiconductor market is projected to reach USD 200 billion by 2035 from around USD 64 billion in 2026, per an EY-IESA report.
Shipping Continues Through Gulf of Aden as Yemen Tensions Escalate
Container ships and oil tankers continue to transit the Gulf of Aden, but traffic has fallen after Houthi rebels extended their reach to the Bab el-Mandeb Strait.
Canada eyes year-end finish for India trade pact, minister says
Canada's trade minister says Ottawa is optimistic about wrapping up CEPA negotiations with India by year-end, with energy and critical minerals in focus.
Pakistan Cuts Official Fuel Use, Curbs Night Trading as Oil Prices Bite
Pakistan has announced a fresh round of fuel-saving steps, including a 50% cut in official vehicle fuel and earlier shop and restaurant closing times, as petrol prices surge.
Bank of Japan Raises Rates to 1.25% as Inflation Risks Mount
The Bank of Japan raised its policy rate to about 1.25%, its highest since 1995, citing rising inflation risks and yen weakness, with analysts flagging further hikes ahead.
AI spending and state borrowing push global cost of capital higher
Goldman Sachs links AI infrastructure spending and higher government borrowing to a rising global cost of capital, with corporate issuance climbing.
Fed Review Blames Supervisory Delays for SVB Collapse
An independent review of Silicon Valley Bank's 2023 failure has found that Federal Reserve supervisors identified vulnerabilities early but failed to act decisively.
Supreme Court Stays P&H High Court Ruling Striking Down Section 147A
Supreme Court stays P&H High Court judgment that declared Section 147A of the Income Tax Act unconstitutional, barring further assessment proceedings until final disposal.
Bank credit growth hits 8-quarter high of 16.5%, deposit gap widens
Bank credit grew 16.5% in Q1 FY27 while deposits rose 11.3%, pushing the loan-to-deposit ratio to a record 83.3%, CareEdge Ratings said.
EIL in Early Talks with Saudi Arabia, UAE on Hormuz-Bypass Oil Infrastructure
Engineers India Ltd is in early-stage discussions with Saudi Arabia and the UAE for consultancy work on oil and gas infrastructure aimed at reducing reliance on the Strait of Hormuz.
NLMC Board Clears Monetisation Proposals Worth Over ₹5,000 Crore
NLMC's board recommended surplus land and building assets worth over ₹5,000 crore for monetisation and approved its FY 2025–26 financial statements.
China rolls out digital yuan framework for cross-border trade settlement
China's digital RMB international operation centre launched CBETS LIFT in Nanning, a framework for cross-border trade settlement and financing, with Lao banks beginning to connect.
NLMC Board Recommends Monetisation Proposals Worth Over Rs 5,000 Crore
NLMC's board has recommended monetisation proposals involving surplus land and building assets worth more than Rs 5,000 crore.
AfD's Eastern Germany Surge Leaves Migrants Fearful Ahead of State Vote
As the AfD eyes victory in Mecklenburg-Western Pomerania, migrants in Rostock and Schwerin describe growing anti-immigrant abuse and weigh their future in Germany.