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The EPFO 3.0 rollout introduces a centralised database to improve digital services for subscribers. This new system allows for paperless withdrawals and transfers. Users can now process direct fund transfers to bank accounts using the UPI payment gateway. These changes aim to provide quicker settlement times for many retirement fund members.
The Dow Jones, S&P 500 and NASDAQ Composite index witnessed some recovery last week. The Dow Jones closed 0.53 per cent higher, while the S&P 500 and NASDAQ rose 0.49 per cent and 0.85 per cent. This bounce gave investors some relief, but markets must now show a strong follow-through rise.
Nifty 50 fell 0.3 per cent last week, marking its third consecutive weekly loss. While Nifty futures showed a short build-up, the Put Call Ratio of 1.2 gave a positive sign. Traders said, "The charts retain the positive inclination as the key support level holds despite last week's decline."
HDFC Bank chief executive Sashidhar Jagdishan will retire on October 26, 2026. He took charge in October 2020 and led the bank through a major merger with Housing Development Finance Corporation Ltd. While he fixed technology issues, his final chapter faced regulatory scrutiny and internal reviews. The bank started finding his successor.
HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends on October 26. He conveyed this decision to the board despite their persuasion efforts. The bank now started the process to find his successor. Jagdishan rose from a finance manager in 1996 to the corner office.
HDFC Bank will fast-track the process of appointing a successor after CEO Jagdishan retires on October 26, 2026. The bank’s Nomination and Remuneration Committee will evaluate candidates before the board makes a final recommendation. The chosen person must then get approval from the Reserve Bank of India to take charge.
Infosys Public Services CEO Lax Gopisetty is unreachable after devastating floods struck Nepal, the company said on Friday. The disaster killed 626 people, with 2,426 still missing. Infosys said, “We can confirm that our colleague Lax Gopisetty, who was visiting the region in a personal capacity, is currently not reachable.”
The standard UPI transaction limit is ₹1 lakh, but rules vary by category. The RBI increased limits for tax payments, IPOs, and hospital bills to ₹5 lakh. UPI Lite allows ₹1,000 per transaction, while UPI 123Pay permits ₹10,000. Always check your bank, as they may set lower limits for you.
CNG prices in Delhi rose by ₹3.89 per kg on August 29, 2026, reaching ₹86.98 per kg. Autorickshaw unions said they will hold a strike on September 9 if fares do not increase. "The government should increase the fares at the earliest or provide a subsidy on CNG prices," Soni said.
Chandigarh University researchers got a patent in April 2026 for a two-stage device that filters kitchen wastewater. Prof Anu Kumar said, "The idea for this device came from the water scarcity experienced in Shimla in 2018." This simple invention helps families reuse water for gardening and cleaning, saving fresh water.
Saudi Arabia launched the Riyadh Digital Innovation District on August 27 to attract global tech firms and skilled talent. This project supports Vision 2030 goals by boosting the digital economy. It aims to make the capital a major hub for innovation, helping the country grow beyond its oil-based economic roots.
Randheer Singh said the E20-only petrol rollout came too early for many older vehicles. He noted that India reached 20 per cent ethanol blending five years ahead of its 2030 target. "I think it is too early for all pumps to have only E20," Singh said during a recent webinar.