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A New York courthouse facade with tall columns and a pediment inscribed 'The true administration of justice is the firmest pillar of good government'

Business

HDFC Bank Fined Its Executives Rs 1 Lakh Each For A Rs 45 Crore Scheme

HDFC Bank's board fined its own CEO, CFO and retail chief Rs 1 lakh each over a Rs 45 crore scheme it called business overreach. Days after the US let Gautam Adani's bribery case go, an investor sued HDFC Bank in New York.

August 27, 2026

Mumbai's skyline seen in haze across the water of the Arabian Sea, skyscrapers of the financial district in silhouette

Business

More Indians Are Crossing a Disclosure Line That Never Moved

FAST-DS caps its full tax amnesty at a fixed Rs 1 crore of undisclosed foreign assets. The rupee has kept sliding since, so the same rupee line now closes in on fewer dollars than it did two years ago.

August 27, 2026

Close-up of a wire-mesh gabion cage packed tightly with crushed stone, the same wire-and-fill barrier design as the Hesco bastions at the centre of the Army tenders

Geopolitics

One Family Ran Both Sides of a Rs 9 Crore Army Bid

Four separately registered companies won 18 of 33 Army tenders for bunker equipment by bidding against each other. Their own filings show they answer to one family.

August 27, 2026

A pharmacist in a white coat examining an amber medicine bottle on a wooden shelf, backlit by a window

Health

The Pancreatic Cancer Drug That Doubles Survival Costs 173 Times India's Income

Daraxonrasib nearly doubles survival in advanced pancreatic cancer and just cleared the FDA at $477,600 a year. In India, that is 173 times the average income, and most patients are diagnosed too late for it to matter anyway.

August 27, 2026

A receding row of black server cabinets with mesh doors and red and blue cabling inside a data centre aisle

Business

India's $200 Billion Data Centre Pledge Is Nearly 32 Times What the Build-Out Needs

Piyush Goyal cited $200 billion in hyperscaler pledges to justify exempting high-tech manufacturers from certification checks. India's own coal, semiconductor and incentive schemes show pledges this size rarely convert into delivered investment.

August 26, 2026

A flat lay of Indian one-hundred rupee notes featuring Mahatma Gandhi, arranged edge to edge

Business

Why India's ATMs Keep Disappearing as Currency Hits a Record High

RBI data show India's ATM count has fallen for three straight years, almost entirely because off-site machines are closing, even as currency in circulation hits a record high. The squeeze is landing hardest on Tier-2 and Tier-3 India.

August 26, 2026

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