The Reserve Bank of India (RBI) has taken strict regulatory action against IDFC First Bank and LIC Housing Finance, imposing penalties for non-compliance with certain norms. Additionally, the RBI has canceled the certificate of registration of four Non-Banking Financial Companies (NBFCs) and received voluntary surrenders from five other NBFCs.

In a significant turn of events, Mark Zuckerberg has surpassed Elon Musk to become the third-richest person globally, marking the first time since 2020 that the arch-rival billionaires have held these positions.

Amazon India has officially unveiled its new online marketplace called ‘Bazaar’, aiming to capture the segment of affordable and unbranded products in competition with Softbank-backed Meesho and Flipkart's Shopsy.