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Sarvam AI is open to government investment after securing a $300 million funding round that valued the company at $1.5 billion. Co-founder Pratyush Kumar said, "Investments and ownership are a more detailed conversation, but we are open to it." The startup now needs more capital to build local AI infrastructure.
The 31 August ITR deadline applies to specific taxpayers, including freelancers, professionals, and small business owners. Apurv Gupta said, "The Finance Act, 2026, has amended Section 139(1) to split that into two." This date is for those filing ITR-3 or ITR-4 forms who do not need a tax audit this year.
Brokerage firm Aditya Birla Lifestyle Brands maintains a Buy rating with a target price of ₹140. The company saw 11 per cent growth in Q1, led by strong online sales and small towns. Management said, "Small towns continue to be a key growth engine," as they expect further retail expansion soon.
India's hospitality sector expects 7 to 9 per cent revenue growth in FY27, ICRA said on Tuesday. Premium hotel occupancy should stay at 72-74 per cent, with room rates rising to Rs 8,600-8,800. While domestic demand remains strong, ICRA warned that the West Asia conflict poses risks to this positive outlook.
The Delhi High Court on Tuesday closed contempt proceedings against SpiceJet chairman Ajay Singh regarding a dispute with lessor TWC Aviation Capital. The court said substantial compliance happened, but the lessor can still file an execution petition to recover remaining parts. SpiceJet previously returned many assets to the company.
Keystone Realtors reported a profit jump to ₹52.37 crore for the quarter ended June, up from ₹16.33 crore last year. Total income rose to ₹493.26 crore as the firm saw better revenue. Chairman Boman Irani said, "Q1FY27 marks a steady start to the year as we build on strong momentum."
NABARD appointed GV Sunil Kumar as the officer-in-charge of its Gujarat regional office on August 4, 2026. He took over after BK Singhal retired on July 31. Sunil Kumar brings over three decades of experience to this role. He will now lead operations to support agriculture and rural development across Gujarat.
HSBC India profit before tax rose 4% to $965 million in the first half of 2026. Higher revenue from corporate and institutional banking drove this growth. While the bank saw success here, profits in its wealth and premier banking division fell by 32%. HSBC also led in mobilising foreign currency deposits.
The government proposed a bill on Monday to amend the Payment and Settlement Systems Act, 2007, potentially allowing merchant discount rate charges on UPI transactions. Mohit Agarwal said, "They're basically doing the legal groundwork because it's a Parliamentary Act." This change gives the RBI authority to set rules later.
Indian government bonds edged higher on Tuesday as traders built positions ahead of the Reserve Bank of India's policy decision. The RBI is expected to keep its key policy rate unchanged on Wednesday. Rising oil prices limited gains, while traders now watch for guidance on liquidity and economic forecast revisions.
Consumer Affairs Secretary Nidhi Khare asked FMCG, food and retail industries on Tuesday to improve their grievance redressal systems. She said complaints rose fivefold in five years. The government plans to use AI and robotics to boost product testing, while simplifying quality standards to help businesses meet compliance norms easily.
Net foreign direct investment fell to USD 1 billion in 2024-25 from USD 10.2 billion in 2023-24. Minister Jitin Prasada said, "The recent trend in net FDI inflows is associated with increased FDI by India, as well as greater repatriation." Indian firms now use capital to expand their global presence.