Savings Effect

India's richest 10% earn less than poorest 10% in US, Canada, finds World Bank 'In India, consuming $10 (around Rs 950) a day can place a person among the richest 10 percent. In countries such as Canada, Japan and the US, the same amount can put a person among the poorest 10 percent,' said Ahona Duttagupta, programme associate at the Foundation for Economic Development.

India's internet subscriptions top 1.11 billion, but rural India has just 49 per 100 people: TRAI -India internet base rose to 1,114 million by June 2026. -Broadband subscriptions grew 2.03 percent to 1,087 million. -Prepaid monthly ARPU stood higher than postpaid services.

Paytm, other fintech stocks recover after NPCI says UPI MDR shall be implemented 'immediately after Diwali' -Paytm shares dropped up to 6.5% after MDR rollout was deferred. -NPCI defers UPI MDR implementation post-Diwali. -A 0.4% MDR will apply to P2M UPI payments exceeding Rs 2,000.

Pakistan projects 22% water shortage in upcoming Rabi season with Indus Waters Treaty on hold Pakistan has been raising the IWT suspension on international forums, calling it a “water war" waged by India against it.

RBI’s measures to support the rupee may offer only short-term relief, as India faces pressure on both current and capital accounts. Today's Business Standard Editorial calls for trade and investment reforms to address the underlying balance of payments pressures.

🚨🚨 SEBI imposes ₹2 lakh penalty on IIFL Capital Services over online bond platform violations

Month after acquiring Airtable for $1.28 billion, Bending Spoons lays off large part of company

ideaForge bags Survey of India order for Q6 V2 drones

Average car loan size jumps 49% to ₹8.2 lakh in seven years, says TransUnion CIBIL

igns $328 million financing deal with Citi to acquire 8 Airbus planes