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Bengaluru airport UDF falls, but new projects will add to passenger charges

The air services tariff regulator Aera has cut Bengaluru airport's user development fee sharply and introduced a first-ever charge on arriving passengers, but built in a mechanism to add fresh charges as three major expansion projects come online through 2030-31.

A new India smartphone brand likely next year, as three firms eye sops: Govt

Union IT minister Ashwini Vaishnaw says three homegrown companies are in talks with the ministry of electronics and IT to apply for incentives under the Mobile Phone Manufacturing Scheme.

Mint Explainer | PM Modi’s ‘Sapt Dhara’: India’s farm-to-food strategy and why it matters

PM Narendra Modi’s seven-stream framework puts agriculture and food production at the heart of the push towards Viksit Bharat, with a focus on processing, branding and global exports.

Despite Skyroot feat, India has world's costliest rocket launches

The findings are significant for the country's private space industry, for one of India’s biggest selling points has been the frugality of its scientific space missions.

Banks warm up to startup lending as new economy matures

Traditional banks are moving into startup lending as more growth-stage companies become profitable and bankable, putting pricing pressure on venture-debt funds and NBFCs that previously dominated the segment.

Deluge of FCNR dollars leaves banks with a problem of plenty

Indian banks are rushing to raise funds before the RBI closes the FCNR(B) scheme early, leading to deployment challenges and potential negative carry for some lenders.

RBI board rejig cuts strength to 11; Somanath, Mahindra appointed

Former Isro chief Somanath Sreedhara Panicker joins the RBI board of directors, while Anand Mahindra gets another four-year term

Don't fear global liquidity integration, strengthen oversight instead: RBI’s Rohit Jain

The RBI deputy governor called on banks to fix retail forex pricing, boost participation among smaller firms, and embrace digital workflows while managing risks in an integrated market.

India Ratings maintains neutral outlook for transportation infra in FY27

India Ratings retained stable outlooks for toll roads, hybrid annuity model projects, airports and electric bus projects amid stable operating assets, healthy toll revenue growth, higher road awards and continued asset monetization by NHAI

Centre asks PSBs, IBA to standardise contract-farming loans in 6-12 months

The government seeks to improve value capture across the agricultural value chain and help farmers retain a larger share of the final consumer price.

Elon Musk's Starlink reapplies for India approval of satellite network with direct-to-device connectivity: Report

Elon Musk's Starlink reportedly sought approval for a Gen 2 constellation that delivers the latest technologies, including direct-to-device (D2D) connectivity.

‘RAMpocalypse’ is hurting Chinese OEMs in India as Samsung, Apple grow smartphone market share

Price-sensitive buyers are struggling with higher smartphone prices amid a market shift driven by chip shortages, leading to declines for major Chinese brands.

Mint Explainer | Why RBI’s draft rules could change how fintechs offer small loans

RBI is proposing two major changes: one would standardise how lenders price loans, while the other would push NBFC lending towards term loans rather than revolving credit.