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 24 Jun 2026 10:39 PM   EconomicTimes

Alta Capital-backed Elevate, IIT Madras in pact for 1,800-bed student housing project

Elevate Campuses, backed by Alta Capital, is partnering with IIT Madras on a Rs 400-crore student housing project. This large-scale public-private partnership will develop and operate accommodation for over 1,800 PhD scholars and staff, aiming for world-class facilities. The project, expected by 2028, highlights the growing trend of institutions outsourcing residential development to focus on core academic pursuits.

 24 Jun 2026 09:15 PM   EconomicTimes

Listed pvt firms return to double-digit sales growth in FY26, led by manufacturing rebound: RBI

Indian companies are back in the double-digit growth lane! The Reserve Bank of India reports that listed private non-financial firms saw sales jump 10.1% in FY26, a significant rebound. Manufacturing led the charge with 10.8% growth, driven by autos and food, while services also posted strong gains. However, input costs are rising for manufacturers.

 24 Jun 2026 09:15 PM   EconomicTimes

India needs innovation at scale to fulfill ambition of becoming global discovery hub: Dr Reddy's

India must shift from minor advancements to large-scale innovation to become a global discovery hub, according to Dr. Reddy's Laboratories Chairman Satish Reddy. He emphasized the need for robust translational research pathways to ensure scientific breakthroughs benefit patients. The company's white paper highlights that stronger collaboration between academia, industry, and government is crucial for translating research into accessible healthcare solutions and overcoming existing challenges.

 24 Jun 2026 09:09 PM   EconomicTimes

Air India says Delhi-Amritsar flight briefly 'infringed into Pakistan airspace'; probe underway

An Air India flight from Delhi to Amritsar briefly strayed into Pakistan's airspace on June 22 during a go-around manoeuvre. The airline confirmed the "marginal infringement" and stated it's under internal investigation and reported to regulators. The DGCA clarified the Airbus A321 was radar vectored and the event was coordinated with Pakistan ATC. The aircraft safely diverted back to Delhi, with no injuries reported.

 24 Jun 2026 08:16 PM   EconomicTimes

Mastercard Move: Who is strategising at Mastercard to eliminate pain points and make money move globally effortlessly?

International payments have traditionally been slow, less transparent, and expensive. With growing expectations of better, seamless payments in India, Mastercard’s Global Head of Transfer Solutions, Pratik Khowala, is radically changing how these payments are carried out. With experience and expertise he is eliminating the pain points.

 24 Jun 2026 08:06 PM   EconomicTimes

DoT notifies new authorisation norms for telcos to shift from licencing regime

The government has launched a new authorization-based framework for the telecom sector, replacing the old licensing system. A dedicated portal will facilitate digital implementation of the new Telecom Act. Existing license holders can migrate, and new entities can apply for network or virtual network operator authorizations. Specific rules now govern satellite network operations, requiring Indian gateways and data storage within the country.

 24 Jun 2026 07:31 PM   EconomicTimes

Manglam Group to invest Rs 350 crore in Sheraton hotel in Jaipur

Rajasthan's Manglam Group is investing Rs 350 crore to build a 220-key Sheraton Hotel on the Jaipur-Ajmer Highway, marking their third partnership with Marriott International. This project is part of a larger Rs 1,000 crore hospitality investment plan. The hotel aims to showcase Jaipur's culture and boost its global profile for tourism and business, leveraging its strategic location near key destinations and a major SEZ.

 24 Jun 2026 07:22 PM   EconomicTimes

NCR plans four new cities along RRTS corridors to ease housing costs

The National Capital Region Planning Board’s Regional Plan 2041 proposes four new greenfield cities along Rapid Rail Transit System (RRTS) corridors, a move experts say could improve affordability and reshape real estate growth across NCR.

 24 Jun 2026 07:11 PM   EconomicTimes

RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietors

Victims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The RBI will fund 65% of this, with banks contributing the rest. Sole proprietors are now covered, and cross-border frauds are included. Reporting within five days to the cybercrime portal and bank is crucial for eligibility.

 24 Jun 2026 07:05 PM   EconomicTimes

Vedanta sets up real estate arm to unlock value from surplus land

Vedanta Ltd is venturing into the real estate sector with the incorporation of its wholly-owned subsidiary, Vedanta Property Platforms Ltd (VPPL). This strategic move aims to unlock value from surplus land and non-core assets, potentially funding expansion in its core metals and energy businesses. VPPL will act as a dedicated platform for real estate ventures and asset-light initiatives.

 24 Jun 2026 06:51 PM   EconomicTimes

Bandhan Bank raises FD rates by up to 20 basis points

Bandhan Bank has boosted fixed deposit interest rates by up to 20 basis points, with senior citizens now earning a competitive 7.95% on select tenures. This move comes as other banks also adjust their deposit offerings, even with the RBI holding the repo rate steady. The bank aims to attract more retail deposits with these revised, attractive rates.

 24 Jun 2026 06:10 PM   EconomicTimes

RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework

The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.

 24 Jun 2026 05:55 PM   EconomicTimes

Subscriber losses push India's TV distribution industry towards consolidation as broadband, IPTV gain ground

India's TV distribution is shifting towards broadband and digital entertainment, forcing cable and DTH operators to confront subscriber losses to OTT and free services. This trend is fueling sector consolidation, with companies like ACT Group exiting cable TV to focus on broadband. Operators are repositioning, prioritising IPTV and bundled digital services as key growth drivers amidst declining pay-TV subscriptions.

 24 Jun 2026 05:54 PM   EconomicTimes

RBI expands digital fraud protection, introduces compensation for small-value scam victims

The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to scammers and introduced a compensation mechanism for small-value frauds. Eligible victims can receive up to 85% of their losses, subject to a cap of ₹25,000. The rules take effect from January 1, 2027.

 24 Jun 2026 05:43 PM   EconomicTimes

RBI to raise large exposure limit for upper layer NBFC-IFCs to 45% from 35% of eligible capital base

The Reserve Bank of India has boosted lending limits for top infrastructure finance firms, allowing them to extend up to 45% of their capital to connected borrowers, a significant increase from 35%. This move aims to support the crucial infrastructure sector.

 24 Jun 2026 04:49 PM   EconomicTimes

Western Railway upgrades key routes for faster trains, eyes 160 kmph on Mumbai-Delhi corridor

Western Railway is significantly boosting train speeds, with several routes set to reach 130 kmph and the Mumbai-Delhi corridor aiming for 160 kmph. This upgrade aims to slash travel times and enhance efficiency. Additionally, plans are in motion to introduce Vande Bharat sleeper trains and expand platform capacity at Mumbai Central to accommodate longer trains, while Garib Nagar in Bandra will see passenger amenity development.

 24 Jun 2026 04:42 PM   EconomicTimes

Bank of India eyes $3.5 billion foreign currency inflows on RBI's dollar push

Bank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI measures. This strategic move, including $1 billion from FCNR(B) deposits and $1.5 billion via concessional swap facilities, is expected to reduce borrowing costs by 50-60 basis points.