The Reserve Bank of India (RBI) has imposed a penalty of Rs 6.2 lakh on Hinduja Leyland Finance for regulatory violations related to microfinance loan pricing and securitisation of assets.

According to the RBI, the company did not have a board-approved policy governing the pricing of its microfinance loans.

As rescue and relief operations continue in Nepal in the wake of the devastating flash floods of August 26, the Nepal Police said on Saturday that the death toll has risen to 1,344.

The Nepal Police shared the latest death toll in a post on X.

The aftermath of the devastating floods has affected several aspects of life in Nepal.

The United Nations General Assembly on Friday (local time) adopted an African Union-backed resolution titled "Correct the Map", calling for more accurate and equitable cartographic representation of the world's regions, particularly Africa.

The resolution, championed by Togo on behalf of the African Group, was adopted with overwhelming support. A total of 164 countries voted in favour, while one voted against and six abstained.

Tata Motors launched an all-cash voluntary tender offer to acquire all common shares of Iveco Group for 14.10 euros per share, valuing the Italian commercial vehicle maker at approximately 3.82 billion euros.

The offer is being made through TML CV Holdings B.V., and the acceptance period will run from September 7 to October 26, 2026, according to a joint announcement by Tata Motors and Iveco Group on Friday.

President Donald Trump on Friday said the conflict in Iran is "small potatoes" as he defended Vice President JD Vance for asserting that months of on-and-off attacks in the Middle East are not a "war."

Asked during an Oval Office exchange about Vance's comments made a day earlier, Trump noted that US strikes on Iran are now "intermittent" and seemed to downplay the intensity of a war that's cost US taxpayers more than USD 37.5 billion and left 18 US service members dead.

Giving a major push to the electronics manufacturing ecosystem in Tamil Nadu and India, Zollner Elektronik AG (Zollner), considered one of the largest European electronics manufacturing services (EMS) companies, has announced the formation of a joint venture (JV) with Avalon Technologies Ltd (Avalon).

The companies will set up a Rs 1,000 crore manufacturing unit for high-precision items like printed circuit board assemblies (PCBAs), complete box builds, cable harnesses and electronic sub-assemblies at Kanchipuram in Tamil Nadu.

The Indian Space Research Organisation (Isro) on Friday successfully launched India’s first dedicated imaging satellite in geosynchronous orbit from the spaceport in Sriharikota.

The EOS-05 satellite, dubbed the “eye in the sky”, was launched aboard a GSLV-F17 rocket at 2.55 am on Friday from the second launch pad at the Satish Dhawan Space Centre.

Around 600 children remain unaccounted for in Nepal's Rasuwa and Nuwakot districts after the devastating flash floods, as the death toll rose to 1,282 on Friday with more than 4,700 missing.

The flash floods, triggered by an ice-rock avalanche near the Nepal-Tibet border on August 26, devastated towns and villages in northern and central Nepal, leaving a trail of destruction.

Italian market regulator Consob has approved the offer document for Tata Motors’ voluntary tender offer for all the common shares of commercial vehicle maker Iveco Group, clearing the way for the acceptance period to begin on September 7.

The offer is being made by TML CV Holdings, an indirect wholly owned subsidiary of Tata Motors, at €14.10 per Iveco share on a cum-dividend basis, the automaker said in a stock-exchange filing on Friday.

Maharashtra has received more than $300 billion of investment interest in data centres and currently accounts for 66 per cent of India’s data centre capacity, Kaustubh Dhavse, chief advisor, investments and strategy, to the chief minister of Maharashtra, said on Thursday.

Speaking at the Naredco Real Estate & Infrastructure Investors’ Summit 2026 in Mumbai, Dhavse said data centres were among the key opportunities for Maharashtra’s next phase of growth.

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