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A startup employee’s Reddit post went viral after his boss called his mother because he slept after work hours. The employee, who earns ₹23,000, said he was exhausted after a long day. Many users called the employer’s actions unprofessional, as the team expected him to work until 2 am.
EPFO stopped UAN activation and new generation on its portal, moving these services to the Umang app. Users now need Aadhaar-based Face Authentication to get started. The agency said this change follows a major database consolidation and software upgrade, which is aimed at making its online services faster and more reliable.
Prime Minister Narendra Modi flagged off India’s first hydrogen-powered train on the Jind-Sonipat section on Friday. The train features a powerful 3,200-horsepower engine and ten coaches. Modi said, "India has successfully demonstrated its prowess by running a hydrogen train with ten full coaches straightaway." This project promotes clean energy nationwide.
India’s export growth in April-May was driven by higher volumes rather than just rising commodity prices. Data showed that 72 out of 100 tracked product categories saw robust volume growth. Engineering goods and agricultural items like non-basmati rice helped push total exports to $78.6 billion during this two-month period.
GAIL signed a memorandum of understanding with KABIL on Friday to collaborate on critical and strategic minerals. This partnership aims to support India’s long-term resource security and clean energy transition. Both companies will share technical expertise and explore joint mining initiatives to help meet the rising demand for these vital resources.
JSW Steel reported that its net profit in the June quarter of FY27 more than doubled to ₹4,696 crore. Revenue increased 10 per cent to ₹47,364 crore. The company got better realisation and saw a fall in finance cost. Many operations showed growth as sales volume rose to 6.25 million tonnes.
Reliance Retail reported a 7.4 per cent rise in Q1 FY27 revenue to ₹90,409 crore on Friday. The company opened 252 new stores, taking the total network to 20,169. JioMart orders more than doubled, as many customers used digital channels. Overall, the business showed growth across grocery and electronics sectors.
The RBI-owned BRBNMPL floated a global expression of interest on July 17 for manufacturing polymer banknotes. The central bank is currently examining the pros and cons of this shift. RBI Governor Sanjay Malhotra said, “We will let you know as soon as a decision is made.” Trials will follow soon.
SBA administrator Loeffler faces questions over her investments in SpaceX and xAI. Financial disclosures show she held millions in these companies during 2025. While no public evidence shows the SBA has ties to these firms, the value of her holdings rose sharply after the SpaceX IPO on June 12.
Gujarat topped the Investment Friendliness Index released by Niti Aayog on Friday. The state secured the top rank due to strong economic fundamentals, sound fiscal management, and business-friendly governance. Gujarat got high scores for its efficient port operations and low power costs, which helped it lead in infrastructure and business climate.
Investors holding Sovereign Gold Bond 2019-20 Series II can now opt for premature redemption at ₹14,199 per gram. This move allows many to lock in gains of over 318% since the series started on July 16, 2019. The RBI fixed this price after investors completed the mandatory five-year holding period.
Eleven international mutual funds stopped fresh SIPs last week due to SEBI’s overseas investment limits. Baroda BNP Paribas Aqua FoF is now the only scheme accepting new investments. Many investors are exploring alternatives like LRS, GIFT City, and global ETFs to gain exposure as fund houses manage these regulatory caps.
Bharat Tex 2026 generated business enquiries worth $2.8 billion and secured textile investment commitments totaling Rs 14,300 crore. The four-day event concluded on July 17 in New Delhi. Many states signed MoUs to boost growth, while a recycling firm also announced a large investment of Rs 4,800 crore for India.