EPFO has launched the Amnesty Scheme 2026, offering employers running exempted provident fund (PF) trusts a one-time opportunity to regularise their status without penal action. The scheme covers trusts recognised under the IT Act, 1961 but lacking exemption under Section 17 of the EPF & MP Act, 1952. The scheme is open for six months from June 29, 2026.

Banks and NBFCs cannot block or deactivate a borrower's mobile number over a loan default, as no RBI rule permits such action. They can recover dues only through legal means, including reminders, credit bureau reporting and recovery proceedings. Mobile services are governed by telecom regulations, and lenders have no authority to suspend them.

US President Donald Trump's aide Lindsey Graham who passed away due to a "sudden illness" had once pushed for 500% tariff on India over Russian oil purchases. Graham, who was 71, had also warned China, India and Brazil, saying, "If you keep buying cheap Russian oil...we're going to tariff the hell out of you and...crush your economy."

India's first bullet train service will begin operations in phases from August 15, 2027, with the Surat-Bilimora section set to become the first operational stretch of the Mumbai-Ahmedabad High Speed Rail corridor. Railway Minister Ashwini Vaishnaw said around 80% of the project has been completed. Construction is progressing steadily to meet the planned timeline, he said.

A video of Bill Gates promoting Phia, the app-based shopping startup co-founded by his daughter, Phoebe Gates, has resurfaced amid allegations of "cookie stuffing." "Trying out startup life again… as customer support for my daughter's company," Gates wrote while sharing the video. The app has been accused of overriding other affiliates' referral codes and inserting its own to earn commissions.

The two-wheeler segment poses a greater challenge to the Delhi EV policy, with EVs accounting for only 7.3% of the segment in FY26, according to Crisil Ratings. The policy aims to phase in EVs and ban the registration of conventional-engine bikes and scooters from April 2028. The planned ban will require faster investment in EV products and infrastructure, it added.

Volkswagen's supervisory board voted against CEO Oliver Blume's sweeping restructuring plan, which included closing four German plants and reducing up to 1 lakh jobs, Reuters reported. The committee voted 12-7 against the proposal after ​opposition from labour representatives. Notably, Volkswagen's governance structure gives union representatives and Lower Saxony a majority ​on supervisory board.

HDFC Bank Deputy MD Kaizad Bharucha was the highest-paid executive at India's largest private lender in FY26, with a total payout of ₹17.14 crore. This was higher than MD and CEO Sashidhar Jagdishan, who received a total payout of ₹15.13 crore. The total annual remuneration included a basic salary of ₹3.3 crore for Jagdishan and nearly ₹3.6 crore for Bharucha.

The combined market capitalisation of four of India's 10 most valued firms jumped by ₹92,995.48 crore last week, led by HDFC Bank and Bharti Airtel. HDFC Bank's market valuation increased by ₹35,808.09 crore, while Bharti Airtel's valuation jumped by ₹34,896.92 crore. They were followed by LIC and Reliance Industries, whose valuations rose by ₹16,065.50 crore and ₹6,224.97 crore, respectively.

Monthly rent for retail spaces in Delhi's Khan Market rose 9% YoY driven by surging retail demand and severe space constraints, according to Cushman & Wakefield. Leasing activity across Delhi-NCR has more than doubled, and high-footfall destinations remain top priority for premium brands. Malls accounted for 63% of quarterly leasing, while high streets accounted for remaining 37% across Delhi-NCR.