The Supreme Court on Monday asked the Karnataka government to ensure compliance of the Cauvery Water Management Authority's (CWMA) direction on the release of Cauvery water to Tamil Nadu.

While the Tamil Nadu government claimed before the apex court that the CWMA's direction was not being complied with, the Karnataka government said the picture being projected was "extremely incorrect".

Assam Chief Minister Himanta Biswa Sarma on Monday said floods last month caused damage worth Rs 480 crore and affected 26,681 houses.

He said 96,842 families affected by the latest wave of floods in the state have received Rs 15,000 each, and the government will expedite PMAY house construction in hit districts.

In a relief to Rahul Gandhi, the Supreme Court on Monday asked the Allahabad High Court not to proceed with a disproportionate assets case against the Congress leader.

The top court also asked the CBI and the ED not to file any report before the high court in connection with the case lodged against the Leader of Opposition in the Lok Sabha

The government will very soon set up the high-powered banking committee that will examine reforms for the sector in Viksit Bharat, and the two-day deliberations among Public Sector Banks (PSBs) and Public Financial Institutions (PFIs) at the PSB Confluence will act as a template for the panel to build upon, Finance Minister Nirmala Sitharaman said on Monday.

The Securities and Exchange Board of India (Sebi) on Monday launched the Incident Reporting Portal and Cyber Suraksha Portal to improve alerts and communication by market intermediaries regarding cybersecurity incidents.

The Incident Reporting Portal will make reporting cybersecurity incidents more structured and timely, and align it with the Financial Stability Board’s format.

Commercial flight operations commenced at Alluri Sitarama Raju International Airport at Bhogapuram here on Monday, with the first flight operated by IndiGo arriving from Hyderabad.

Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu flagged off the first commercial flight services at the airport and handed over boarding passes to passengers, marking the beginning of operations at the new international airport.

India's Larsen and Toubro on Thursday said it had ​secured an order worth up to ​₹15,000 crore ($1.57 billion) from ‌U.S.-based cloud platform Together AI to host an AI data centre using Nvidia's high-performance chips.

L&T's shares rose as much as 1.2% in midday trade. The order secured by L&T's AI infrastructure subsidiary, LTN Compute is in the range of ₹10,000 crore to ‌₹15,000 crore ($1.05 billion to $1.57 billion), and marks L&T's foray into the AI factory business, the company said.

The Reserve Bank of India (RBI) has proposed that external benchmark-linked loans be made optional for non-banking finance companies (NBFCs), while emphasising that usurious rates are not charged for small-ticket loans in the draft norms on interest rates on loans and advances.

The draft, which offers a harmonised framework for determining interest rates on loans across regulated entities, said floating-rate retail loans and floating-rate loans to micro.

The Department of Financial Services is weighing two options to ease the financial costs involving Unified Payments Interface (UPI): Restoring the merchant discount rate (MDR) for certain high-value transactions or merchants, or introducing a tiered incentive structure to phase out government support over the next few years, the Finance Ministry told the Parliamentary Standing Committee on Finance.

Listed Tata Group companies have lost nearly Rs 44,000 crore in market capitalisation (market-cap) over the past two trading days following N Chandrasekaran’s decision on Wednesday not to seek reappointment as chairman of Tata Sons.

In the past two trading days, the combined market-cap of 26 Tata Group companies slipped by Rs 43,812 crore to Rs 27.04 trillion as of Thursday till 09:23 AM.

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