The RBI introduced a structured mechanism for eligible small NBFCs to exit regulatory oversight by December 31 2026 via the PRAVAAH portal.
Category: Business
US Treasury Secretary Scott Bessent Testifies Before House on Department Priorities
Treasury Secretary Scott Bessent outlined the Trump administration’s fiscal and economic priorities during testimony before a House subcommittee.
India FMCG and Tech Sectors Face Margin Squeeze as Oil and Inflation Surge
Analysts warned Indian fast-moving consumer goods and technology companies face earnings pressure from rising input costs driven by elevated crude prices.
UK CMA Requires Google to Give Publishers More Control Over AI Search Features
Britain’s Competition and Markets Authority ordered Google to let publishers opt out of having their content appear in AI-generated search results.
India Modi Becomes Country Longest-Serving Continuously Elected PM in Coming Days
Prime Minister Modi is set to surpass Jawaharlal Nehru’s record as India’s longest-serving continuously elected Prime Minister in the coming days.
Meta Deploys Tent-Like Structures for Faster AI Compute Infrastructure Deployment
Meta is using modular tent-style structures to bring AI computing infrastructure online faster than conventional data center construction timelines.
Global Semiconductor Market Rattled by Broadcom-Triggered Sell-Off Amid Trade Tensions
Broadcom’s weaker-than-expected guidance contributed to a broad semiconductor stock rout raising concerns about AI chip demand sustainability.
India White-Collar IT Job Losses Exceed 30000 in First Half of 2026 as AI Accelerates
Multiple major IT companies including Microsoft and IBM have announced layoffs tied to AI-driven restructuring eliminating tens of thousands of Indian jobs.
Brent Crude at 110 Dollars Per Barrel as Hormuz Tension Sustains Oil Price Shock
Brent crude oil traded at around 110 dollars a barrel as the Strait of Hormuz blockade continued to constrict global oil supply.
RBI to Exempt Small NBFCs Below Rs 1000 Crore from Registration Requirements Under New Framework
The Reserve Bank of India issued final guidelines allowing smaller non-banking financial companies meeting specific criteria to deregister by December 2026.