The Reserve Bank of India (RBI) on Friday absorbed Rs 2.23 lakh crore from the banking system amid surplus liquidity by conducting a variable rate reverse repo (VRRR) auction.

The central bank received bids worth Rs 2,22,629 crore, which it accepted fully, for a notified amount of Rs 2.25 lakh crore. The amount was accepted at a weighted average rate of 5.24 per cent, the RBI said in a release.

Six bodies were recovered from a tunnel at a hydropower project in Nepal on Friday as search operations continued for people missing after devastating flash floods hit the Himalayan nation last month killing over 1,400 people and leaving more than 6,100 missing.

The bodies were recovered from the Audit-3 tunnel at the Upper Trishuli-1 project site in Nuwakot district by a joint team of security forces, the Nepal Army said.

The Centre on Friday told the Supreme Court that the Nandan Nilekani-led high-powered panel constituted to suggest structural reforms in Neet has held exhaustive consultations and is likely to submit its first interim report by the end of this month.

Solicitor General Tushar Mehta told a bench of Justices P S Narasimha and Alok Aradhe that all the suggestions had been placed before the panel.

The Food Safety and Standards Authority of India (FSSAI) on Friday took legal action against Nestlé India over non-compliances involving its infant nutrition products NAN Excella Pro Stage 1 and Lactogen Pro 1.

In a post on Instagram, FSSAI said, “Legal action initiated against Nestle India Ltd over several non-compliances pertaining to the FSS Act. FSSAI remains committed to strengthening the food safety ecosystem through its enforcement actions.”

Prime Minister Narendra Modi on Thursday pitched India as a trusted destination for global chip manufacturing and said the government is taking all measures to ensure the industry's success through enabling policies and frameworks.

Speaking at the inauguration of the SEMICON India 2026, the PM said that the semiconductor ecosystem is expanding rapidly, opening new opportunities for innovation, investment and growth.

Tata Electronics will be signing 16 agreements at the SEMICON India conference with players across Europe, Japan, Singapore, and India, CEO Randhir Thakur said on Thursday, adding that the company's 'fab' in Dholera, Gujarat and the packaging facility in Assam are "on track" to meet scheduled commitments made to the government.

The Securities and Exchange Board of India (Sebi) may look into the issues raised by stock brokers over the new merchant discount rate (MDR) for large fund transfers via the unified payments interface (UPI), Chairman Tuhin Kanta Pandey said on Thursday.

The US House of Representatives passed a bill that would authorise President Donald Trump to impose sanctions on Russia and steep tariffs on its trading partners in oil and gas, including India and China.

The Lindsey O Graham Sanctioning Russia and Iran Act of 2026, passed by the US Senate last month, was approved by the House in a 262-159 vote on Wednesday evening and will now go to Trump to be signed into a law.

Telangana has been the country's most inflation-hit state in every single month of the year, an unbroken run at number one from January through August, an analysis of data released by the National Statistics Office (NSO) showed. Its rate climbed steadily through the first half — from 4.92 per cent in January to a peak of 6.36 per cent in June — before easing only fractionally to 6.27 per cent in August.

Digital payments platforms like Paytm and Mobikwik saw a sharp rally of up to 7 per cent in intraday deals on Wednesday, as the introduction of a merchant discount rate (MDR) on UPI transactions is seen as making the payment business structurally self-sustaining and resilient.

Paytm shares rallied 7 per cent to a fresh 52-week high of ₹1,856.50 on the BSE. Mobikwik stock rose by 6 per cent to ₹214. However, Pine Labs slumped 6 per cent to ₹182 per share.

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