The Lok Sabha on Wednesday passed the Bankers' Books Evidence Bill, 2026, replacing the 135-year-old Bankers' Books Evidence Act, 1891. It recognises digital, electronic, virtual and cloud-based bank records as legal evidence and allows certified digital copies to be used in courts instead of original records. The Bill was passed by voice vote amid Opposition protests during the Monsoon Session.

Shah Rukh Khan has been named India's most valuable celebrity by Kroll's Celebrity Brand Valuation Report 2025. Kroll's Managing Director, Valuation Advisory Services, Umakanta Panigrahi, attributed his rise to a multi-year commercial comeback following success of his 2023 film slate that included 'Pathaan' and 'Jawan'. His endorsement portfolio expanded from 28 brands in 2024 to 36 in 2025.

Air India has appointed Tewolde Gebremariam as Chief Executive Officer (CEO) and Managing Director, according to an official statement. The appointment was approved by the airline's Board of Directors. This comes months after Campbell Wilson resigned as the CEO. The New Zealand-born executive was appointed CEO on a five-year contract in 2022.

As per an infographic citing PIB data, 100% of dedicated freight corridors in India, 85% of the expressway network, 75% of metro rail, 71% of port capacity and 60% of 4-lane national highways were built after 2014. Sixty-nine percent of railway electrification was done in the country after 2014. Ninety-eight percent of country's solar capacity was built after 2014.

RBI has proposed standardising the regulatory framework on loan interest rates for all regulated entities, including banks and NBFCs. The move aims to improve transparency and consumer protection while also rationalising External Benchmark Lending Rate (EBLR) and Marginal Cost of Funds-Based Lending Rate (MCLR) frameworks. Draft rules will be released for public consultation before finalisation.

India's GDP growth has not produced enough secure jobs or broad household prosperity. Economist Partha Chatterjee links the gap to a shortage of productive mid-sized firms, policy barriers to scaling and weak access to finance. He argues that stronger competition, skills, institutions and innovation are needed to turn headline growth into higher incomes.

Meta has apologised for the temporary removal of a video posted by Prime Minister Narendra Modi's official Facebook account. Reports quoting sources had said that Meta apologised for errors in operating the platform. Meta also apologised for CSAM (Child Sexual Abuse Material) content and deepfake content during recent engagements with the Indian government, the sources added.

Actor Shah Rukh Khan has become India's most valuable celebrity with a brand value of nearly ₹1,700 crore, according to a Kroll report. SRK moved up two places to beat cricketer Virat Kohli, who held the spot in 2024. Ranveer ranked second (₹1,550 crore), Virat ranked third (₹1,500 crore), and cricketer Sachin Tendulkar ranked fourth (₹1,200 crore).

The Centre is likely to launch a one-time compliance scheme from August 15 for resident taxpayers who failed to disclose foreign assets, accounts or income, Moneycontrol reported. The scheme will allow disclosures until December 31 without harsher Black Money Act penalties. It will cover taxpayers with undisclosed foreign income up to ₹1 crore or assets up to ₹5 crore.

India plans to extend tax certainty until 2041 for foreign firms supplying machinery to local electronics manufacturers. Tax adviser Sudhir Kapadia said the move could support long-term investment by reducing permanent-establishment concerns. Separate changes may also attract more offshore fund managers to operate from India.