As RBI's concessional swap window draws to a close this month end, State Bank of India (SBI) Chairman C S Setty has expressed confidence that the bank would garner about $10 billion from non-resident Indians and foreign investors.

"In aggregate, we must be reaching the $10 billion mark, predominantly coming from the deposit side. But there is visibility of ECBs.

Tata Communications and Tata Motors Passenger Vehicles (TMPV) on Tuesday announced a collaboration to equip the Sierra.ev with in-built 5G cellular connectivity, a move aimed at accelerating the deployment of Software-Defined Vehicles (SDVs) in India.

Under the partnership, the Tata Communications MOVE Connected Vehicle Platform will be integrated with the car's SDV platform N.IO. The integration will provide seamless connectivity and digital-first in-vehicle experiences, a joint statement said.

Transfer of all Defence Research and Development Organisation (DRDO)-developed conventional missile system technologies to India’s private defence industry for domestic production was approved on Tuesday by Defence Minister Rajnath Singh, in a bid to transition these weapons from development to production.

Wind turbine maker Suzlon on Tuesday said it has secured a new wind energy order of 250 MW from Torrent Green Energy.

This sixth order from Torrent takes the cumulative partnership between the two companies to over 1.3 GW across three key states - Gujarat, Karnataka, and Madhya Pradesh, a company statement said.

On completion of a decade of the Unified Payments Interface, Prime Minister Narendra Modi on Tuesday hailed it as a major turning point in India's digital payment journey and said its sheer scale is something every Indian must be proud of.

The UPI was launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI).

President Donald Trump's administration on Monday released a proposed regulation to codify an unprecedented more than $100,000 fee on new H-1B visas for highly skilled foreign workers that Trump first imposed last year but has been blocked by the courts. The fee first imposed by Trump in a temporary proclamation last year vastly raises the cost of the visas that are heavily relied on in the tech, education and research sectors. A federal judge in June ruled that the fee was illegal and blocked the ‌Trump administration from collecting it.

The Securities and Exchange Board of India (Sebi) has asked the Ministry of Corporate Affairs (MCA) to recognise the issuance and holding of fractional shares in the Companies Amendment Bill, according to official sources.

A fractional share refers to a portion of a share less than one share unit. Fractional shares may arise from corporate actions like mergers, bonus issues, or rights issues.

The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues.

If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country.

Indian pharmaceutical firms have spent decades supplying American patients with affordable medicines. That dominance will be difficult to challenge, despite President Donald Trump’s threat to impose steep tariffs on imported generic drugs.

His pledge last month to apply a 100% levy on companies making off-patent medications by 2028 (rising to 200% a year later) unless they move production to the US faces formidable commercial and political obstacles.

Tamil Nadu Chief Minister Joseph Vijay on Monday announced that his government would abandon steps taken to establish a new airport at Parandur, saying the project would affect agricultural land and disrupt the livelihoods of farmers and residents.

Speaking in the Assembly, Vijay said Chennai's Meenambakkam airport, operated by the Airports Authority of India (AAI), currently has the capacity to handle 30 million passengers annually.

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