The government has extended the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme by a year to March 31, 2028. The incentives for electric two-wheelers (e2Ws) have also been halved to ₹2,500 per kWh from ₹5,000 per kWh earlier.

The incentive will now be capped at ₹5,000 per e2W, compared with ₹10,000 per vehicle in FY25. It will be available for electric two-wheelers with an ex-factory price of up to ₹1.5 lakh.

Gautam Adani won dismissal of US securities fraud charges, ending a blockbuster case that threatened the expansion of the Indian billionaire’s giant conglomerate.

US District Judge Nicholas Garaufis in Brooklyn, New York, on Monday dismissed conspiracy, securities and wire fraud charges against Adani and his nephew Sagar Adani.

India’s waning appeal among foreign investors means short-term measures to attract capital are unlikely to stem the rupee’s weakness, former central bank Governor Duvvuri Subbarao said, adding to calls from other economists for deeper structural reforms.

Subbarao, who was head of the Reserve Bank of India between 2008 and 2013.

State-run Hindustan Copper plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco ​and Adani, aiming to meet India's growing appetite for the ​red metal, two sources familiar with the matter said.

It is also in talks ‌to form a joint venture with state-run Codelco to mine and sell copper, three sources said, declining to be identified as the deliberations were confidential.

Domestic Institutional Investors’ (DIIs’) net investment in the equity segment crossed Rs 5 trillion for the third straight calendar year in 2026.

DIIs, which include banks, domestic financial institutions (DFIs), insurance companies, new pension schemes and mutual funds, made a net investment of Rs 5.13 trillion in equities till August 7, stock exchange data shows. During the same period in CY25, they had invested Rs 4.48 trillion.

The operator of India’s ubiquitous mobile payments network plans to tap the country’s vast overseas diaspora as a springboard for global expansion, aiming to make the platform a preferred way to transact money across borders.

“Is it possible to get 15-20 markets in the next 10 years’ time? I think that’s a top-level kind of go-to-market approach,” said Dilip Asbe, chief executive officer of the National Payments Corporation of India.

The Income Tax department is currently in the process of framing rules to implement the 2026-27 Budget provision that allows taxpayers to electronically apply for lower or nil TDS certificates electronically, Parliament was informed on Monday.

Minister of State for Finance Pankaj Chaudhary said Section 395(1) of the Income-tax Act, 2025 provides for the issuance of certificates for deduction of tax at source at Nil or lower rates.

The Tamil Nadu Assembly on Monday unanimously passed a resolution mandating the rendition of Tamil Thaai Vazhthu at the commencement of government events in the state.

The resolution, piloted by Chief Minister C Joseph Vijay, was supported by several legislature parties, including the opposition DMK and AIADMK.

Thousands of job aspirants, protesting alleged irregularities in various recruitment examinations in Jharkhand, began their march to the state assembly on Monday morning.

JLKM leader Devendra Nath Mahto, who has been on a fast for nine days over the issue, joined the march in an ambulance, despite losing 10.5 kg. He was seen carrying a portrait of former chief minister Shibu Soren.

Food delivery and e-commerce platforms such as Swiggy, Zomato and Zepto could soon come under Maharashtra’s bike-taxi regulatory framework, The Indian Express reported. The state government is proposing rules that would require the “doorstep-delivery” platforms to maintain electric vehicle (EV) fleets and contribute 2 per cent of the fare from each ride to a driver welfare fund.

The proposed changes seek to amend the Maharashtra Bike-Taxi Rules, 2025, which currently apply to ride-hailing aggregators.

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